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    Standard Chartered Accelerates India's GCC Growth with its Global Banking Expertise and 25 Years of GCC Experience
    IFSCA Grants Nexent Capital GIFT City Investment Banking License
    India's exports rise 19.63 pc to USD 44.24 bn in Jul; trade deficit widens to $31.98 bn
    Vizhinjam port to commence EXIM operations from Aug 18: Kerala CM Satheesan
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    National Company Law Tribunal (NCLT) Launches e-Inspection and e-Certified Copy Services
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August 13, 2026
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Global Capability Centre banking support connects offshore and onshore operations to simplify financial management and enable cross-border expansion.
Global Capability Centre banking support is positioned around connected offshore and onshore banking, international network access, digital banking platforms, and expertise in treasury centres, cross-border corporates, and evolving GCC operating models. The approach seeks to simplify financial operations and support GCC expansion across global markets. India's GCC ecosystem is characterised as a leading global capability hub, with capability centres evolving into strategic enterprise hubs requiring support for operational and financial complexities across markets.
August 13, 2026
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Investment banking registration enables regulated cross-border offerings, listings, debt transactions and capital-market advisory through GIFT City.
IFSCA registration under the IFSCA (Capital Market Intermediaries) Regulations, 2025 authorises Nexent Capital IFSC Private Limited to operate as an investment banker from GIFT City. Permitted activities include management of initial and follow-on public offerings, SPAC and secondary listings, depository receipt issuances, debt capital-market transactions, and other capital-market advisory mandates. The firm proposes to provide transaction structuring, listing-readiness, execution and post-listing capital-markets support for companies seeking capital raising and listing opportunities through GIFT City's exchanges.
August 13, 2026
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Merchandise export growth was driven by petroleum, electronics, engineering and marine goods, while rising imports widened the trade deficit.
India's merchandise exports increased in July, while imports also rose and widened the trade deficit. Export growth was attributed to higher overseas shipments of petroleum products, electronics, engineering goods and marine goods. Exports and imports both recorded growth during the April-July fiscal period, and exports to West Asian countries increased in July.
August 13, 2026
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EXIM operations at international seaport to commence after customs clearance, bonded-area establishment, and temporary highway connectivity.
Vizhinjam International Seaport is scheduled to commence EXIM operations after Customs clearance, issuance of Customs notifications, establishment of a Customs-bonded area, and temporary connectivity to NH-66. The port had previously handled transshipment operations. A proposed transfer of a stake in the port concessionaire to a foreign shipping company remains under committee examination and requires Central Government consideration of strategic and security aspects.
August 13, 2026
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Renewable energy reliability requires storage, grid readiness and ancillary service markets alongside competitive clean-power procurement.
Renewable energy procurement is shifting beyond lowest tariffs towards dependable, dispatchable and affordable clean power, assessed through capacity value, balancing capability and system economics. Storage-backed renewable and hybrid projects can improve renewable utilisation, reduce variability and curtailment, and support peak demand. Higher renewable penetration also requires supportive storage policies, timely approvals, aligned intrastate transmission planning, stronger distribution infrastructure, and market mechanisms for ramping reserves, frequency response and fast-response balancing services.
August 13, 2026
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Accredited Investor certification facilitates eligible investors' access to alternative investment products, lower thresholds and applicable regulatory flexibilities.
SEBI's Accredited Investor framework enables eligible investors and entities to obtain certification that may allow lower minimum investment thresholds for Portfolio Management Services, Alternative Investment Funds and other alternative investment products, along with applicable regulatory flexibilities. PMS Bazaar and NSDL Database Management Limited's Accreditation Agency facilitate end-to-end applications, subject to required documentation and prescribed payment. Assistance is available to individual investors and eligible clients of investment providers without additional platform, service or processing charges, while prescribed certification fees remain payable.
August 13, 2026
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Manufacturing GVA growth under the revised national accounts series highlights stable sectoral contribution and resilience-focused industrial measures.
Manufacturing performance is assessed under the revised National Accounts Statistics series using 2022-23 as the base year. Manufacturing's share of total Gross Value Added at current prices remained broadly stable through 2025-26, and Manufacturing GVA at constant prices achieved a compounded annual growth rate of 10.88% from 2022-23 to 2025-26. Production Linked Incentive schemes, logistics and industrial-corridor measures, semiconductor initiatives, and MSME support seek to strengthen domestic manufacturing, diversify supply chains, reduce import dependence, and improve resilience.
August 13, 2026
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Electronic inspection and certified copies expand digital access to judicial records while supporting efficient case management and reduced delays.
NCLT has launched e-Inspection and e-Certified Copy Services for faster and more convenient access to judicial records and certified copies by advocates, litigants and other stakeholders. The services support a technology-enabled Registry framework and transparent, efficient justice delivery. Pendency monitoring, workload redistribution, Special Benches, maximisation of court time, and registration and listing guidelines are intended to improve case management, optimise limited judicial resources and reduce avoidable delays.
August 13, 2026
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CBDC-based food subsidy transfers enable eligible beneficiaries to use Digital Rupee wallet credits for traceable foodgrain purchases.
CBDC-based Direct Benefit Transfer under the Pradhan Mantri Garib Kalyan Anna Yojana will credit eligible beneficiaries' food subsidies as programmable Digital Rupee tokens directly into CBDC wallets. Beneficiaries may use these credits to purchase foodgrains from empanelled merchants through secure, real-time and traceable payments, replacing conventional bank-account transfers. The model is intended to improve traceability, reduce leakages and cash handling, enable real-time monitoring of subsidy use, and provide a scalable framework for CBDC integration with welfare schemes.
August 13, 2026
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Preferential trade agreement negotiations begin under agreed terms covering market access, origin rules, trade remedies and dispute settlement.
India and the Southern African Customs Union have signed Terms of Reference to commence negotiations for a Preferential Trade Agreement. Negotiations are envisaged on trade in goods and market access, rules of origin, customs procedures and trade facilitation, trade remedies including bilateral safeguards, sanitary and phytosanitary measures, technical barriers to trade, dispute settlement, and legal and horizontal provisions. The Terms of Reference establish the negotiating framework only; preferential tariff treatment and other operative commitments depend on conclusion of a final agreement.
August 12, 2026
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Prepaid plan restructuring eliminates mid-tier daily-data options and channels subscribers toward higher-priced plans with expanded data access.
Bharti Airtel has discontinued prepaid plans combining 1.5 GB daily data allowances with unlimited calling, directing subscribers towards higher-priced plans with expanded data access, including unlimited 5G data. The restructuring reduces low-priced unlimited-data offerings and changes the pricing architecture for customers using discontinued mid-tier plans. Management links tariff repair to differentiated mobile-plan categories and sustained average revenue per user growth.
August 12, 2026
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Insolvency professional conduct faces money-laundering allegations over re-admitted claims, creditor committee changes, and a connected resolution applicant.
Enforcement action under the Prevention of Money Laundering Act concerns allegations that an insolvency professional re-admitted claims earlier rejected as spurious and fraudulent during the Corporate Insolvency Resolution Process. The alleged re-admission altered the Committee of Creditors' composition and facilitated consideration of a resolution plan allegedly submitted for, and funded through an entity controlled by, a company promoter under investigation for diversion of bank-loan funds. Adverse findings reportedly included acting beyond authority by relying on fabricated and improperly submitted material.
August 12, 2026
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Identity document forgery allegations prompt investigation into fraudulent Aadhaar updates and falsified government and educational certificates.
Alleged forgery and misuse of identity-related records are under investigation following operations at Aadhaar centres. Seized materials reportedly include forged birth, educational, residence, caste and citizenship certificates, records bearing forged signatures and seals, and equipment used for Aadhaar updates. Four persons were arrested in two operations for allegedly preparing forged records and using them to update Aadhaar cards. Cases have been registered under relevant provisions of the Bharatiya Nyay Sanhita, with investigation continuing into the extent of the alleged network.
August 12, 2026
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Holding-company governance succession follows leadership departure, requiring transition planning amid unresolved strategy, capital allocation, board representation and listing questions.
Tata Sons' leadership succession and governance framework have become central following the chairman's decision not to seek reappointment when his term ends in February 2027. The board has been asked to decide on a successor promptly. Unresolved matters include the strategic roadmap, losses and capital requirements in newer businesses, board representation, capital allocation, an exit route for the Shapoorji Pallonji Group, and the possible listing of Tata Sons. Future leadership must manage these issues while improving returns from investment-intensive businesses and maintaining established operations.
August 12, 2026
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Interest-rate regulation for loans and advances proposes harmonised fixed and floating loan-pricing principles across regulated entities.
Interest-rate regulation for loans and advances is proposed to be harmonised across all regulated entities through a principles-based framework for fixed-rate and floating-rate loans. The framework would be calibrated to each entity's nature, complexity and scale, while supporting monetary policy transmission, credit-risk-based pricing, and fair, non-discriminatory borrower treatment. It addresses divergent commercial-bank practices in determining the marginal cost of funds-based lending rate and its components, alongside limited regulatory coverage of fixed-rate loans. Separate final directions are intended for each category of regulated entity after consideration of feedback.
August 12, 2026
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Elevated crude oil prices and Tata leadership transition drove broad equity market selling amid inflation concerns.
Indian equity markets declined amid elevated crude oil prices, inflation concerns and broad risk-off selling. Tata Group shares, particularly TCS, came under pressure after N. Chandrasekaran announced that he would not seek reappointment as Tata Sons Chairman when his current term ends. Crude oil prices approaching the USD 90-per-barrel level affected investor confidence because of potential inflationary effects, while uncertainty over United States-Iran negotiations and Strait of Hormuz shipping disruptions added to global energy market concerns.
August 12, 2026
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Trade sovereignty and energy security underpin calls to resist tariff pressure and protect sensitive sectors in bilateral negotiations.
Trade sovereignty and energy security are advanced as grounds for resisting tariff pressure linked to Indian purchases of Russian crude. Bilateral trade negotiations should proceed through equality, reciprocity and mutual respect without compromising agriculture, dairy, energy security or strategic autonomy. Concerns are also raised over removal of e-commerce inventory restrictions for foreign direct investment and over proposed Merchant Discount Rate charges on UPI transactions. Withdrawal of the inventory measure and opposition to payment-provider charges are urged, alongside possible restrictions on United States technology and social-media companies and consumer boycotts of American goods and services.
August 12, 2026
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Fair trading practices and circular production are promoted to strengthen Make in India and expand global market participation.
Trade and industrial policy messaging encourages businesses to digitise operations, adopt good manufacturing practices, follow fair trading practices, and promote recycling, reuse and a circular economy. Nine free trade agreements are identified as creating preferential market-access opportunities for Indian industry and businesses. MSMEs, entrepreneurs, farmers, fishermen, workers and the services sector are encouraged to expand Indian products and services globally, improve competitiveness through scale, and strengthen the quality, design and brand value associated with Make in India.
August 12, 2026
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Private capital mobilisation requires credible long-term frameworks, risk-sharing mechanisms, and multilateral partnerships to strengthen infrastructure investment.
Private capital mobilisation in infrastructure and development finance depends on credible long-term frameworks, investor confidence, project bankability, and balanced risk allocation. Public capital is intended to catalyse rather than replace private investment. Key financing mechanisms include Viability Gap Funding, the Hybrid Annuity Model, credit enhancement, and Infrastructure Investment Trusts. Long-term investment visibility and coordinated connectivity are supported through the National Infrastructure Pipeline and PM Gati Shakti framework, alongside investment measures for freight, rail, waterways, and coastal cargo.
August 12, 2026
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Judicial allowance exemptions under the new tax regime remain disputed, with return processing and resulting demands kept in abeyance.
Tax treatment of specified judicial allowances under the new income-tax regime is disputed. Statutory service-condition provisions are asserted to exclude allowances, including official residence, conveyance, sumptuary allowance and leave travel concession, from income computation and to override the Income-tax Act. Pending consideration, affected judges may show these amounts as receipts not in the nature of income, and their returns are not to be processed further. Any resulting demand remains in abeyance, while refundable amounts are withheld subject to the pending proceedings.

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Customs & Trade

CropLife India Maps $1 Trillion Agri Economy Vision

September 29, 2025

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Union Minister, policymakers, academia and industry chart roadmap for crop protection’s role in achieving Viksit Bharat 2047 vision” during the National Conference 2025 New Delhi, Delhi, India (NewsVoir) CropLife India; the association of leading domestic and multinational R&D driven crop science companies; on its 45th AGM organized a National Conference. The conference witnessed the presence of Shri Shivraj Singh Chouhan, Hon’ble Union Minister of Agriculture & Farmers Welfare, Government of India; senior Government officials, experts, academia and industry leaders. Multinational R&D driven crop science companies; on its 45th AGM organized a National Conference. The conference witnessed the presence of Shri Shivraj Singh Chouhan, Hon’ble Union Minister of Agriculture & Farmers Welfare, Government of India; senior Government officials, experts, academia and industry leaders. National Conference 2025 opened with the Inaugural Session, setting the vision for Viksit Bharat 2047. This was followed by “The Regulatory Challenges and Opportunities in the Indian Context”, where regulators, policymakers and industry leaders decode India’s framework; Panel Discussion – “Empowering Farmers, Navigating Compliances & Global Standards: A State-wise View of the Agri-input (Crop Protection & Bio-stimulants) Industry & Export”, highlighting state-level complexities and how policy, compliance and innovation can empower farmers and boost exports and the CEO’s Panel – “Pesticides in the Spotlight: Villain, Hero or Scapegoat?”, featuring a candid debate on the future of crop protection. During his inaugural address Shri Shivraj Singh Chouhan, Hon’ble Union Minister of Agriculture & Farmers Welfare, Government of India, shared that, “For me, the farmer is the soul of our nation and serving them is a gift from God. From the days of food scarcity and dependence on imports, India has today become self-reliant and an emerging exporter—with agriculture growing by 10% in recent months. Yet, with our population set to reach 170 crore by 2050, ensuring food and nutritional security is our foremost duty. Nearly half our people depend on farming, most with less than two acres of land and our policies must reflect this reality. To achieve a $5 trillion economy, we must increase productivity per hectare, embrace new technologies and translate research into solutions for farmers’ real problems. Agriculture is not just an industry—it is a national responsibility. Together, the Government, scientists and industry must ensure prosperity for farmers, sustainability for our land and nourishment for humanity." Dr. Trilochan Mohapatra, Chairperson, PPV&FRA, Ministry of Agriculture & Farmers’ Welfare, Government of India said, "India’s agrochemical sector has been key to our food security and growth—from 65 million tons of food grains to nearly 350 million today. As the industry grows at 9–11% CAGR, we must balance productivity with sustainability through responsible use, strong regulation, and science-led innovation, ensuring the protection of farmers, consumers and the environment." Dr. P. K. Singh, Agriculture Commissioner, Government of India highlighted "India’s agri-input ecosystem is rapidly evolving, and digitalization will be key to its future—from AI-enabled regulatory processes to harmonized Centre–State laws. Responsible pesticide use and promotion of bio-pesticides are vital; farmers should spray only when necessary. By aligning regulation, innovation and good practices, we can empower farmers, safeguard food security and strengthen India’s global competitiveness." Dr. Vandana Tripathy, Network Coordinator (AINP) & Scheme In-charge (MPRNL), ICAR highlighted, "There is a critical need for harmonized pesticide residue data generation across diverse locations. Only by collecting comprehensive and sensitive health-related data — including pregnancy outcomes — from multiple regions can we ensure reliability and build science-based systems that safeguard public health.” Dr. Poonam Jasrotia, ADG (PP), ICAR shared, "Protecting our traditional fairs and agricultural practices with clear safeguards, while fostering global collaboration, is vital. Partnerships with countries like the US and Japan offer immense opportunities, even as we address critical gaps in regions such as Libya.” Dr. Subhash Chand, Secretary CIB&RC said, "The key challenge in the import-for-export framework is balancing Ease of Doing Business with regulatory safeguards. While flexibility for genuine exporters is important, registration certificates and confirmed international orders are essential to prevent misuse. Where companies provide credible documentation, we are open to supportive, positive solutions." Shri T. M. Tripathi, Joint Director, Department of Agriculture, Uttar Pradesh said, "There is no blanket ban on crop protection products—only crop-specific restrictions like in Basmati, where farmer training is crucial. The bigger challenge is retailer incentives: they must guide farmers toward correct, judicious use. By improving training, standardizing drone applications, and ensuring pricing transparency, we can create a fairer, more balanced ecosystem that empowers farmers and strengthens the agri-input industry." The CEO’s Panel – "Pesticides in the Spotlight: Villain, Hero or Scapegoat?" moderated by Mr Prabhu Chawla focussed on India being the world’s 2nd largest exporter and 4th largest manufacturer of crop protection products facing challenges of perception and the image building. Panellists emphasized that pesticides are medicine for plants—safe, responsible and scientific use is essential to prevent crop losses and ensure food security. With farmer training, innovation and clear communication, India can set a global benchmark in sustainable crop protection. Mr. Susheel Kumar, MD, Syngenta India said, "Crop protection is medicine for plants—without it, farmers face heavy losses. India can lead globally with integrated, sustainable solutions." Mr. Ankur Aggarwal, Managing Director, Crystal Crop Protection shared, "India uses just 400 g/ha of pesticides against the global 8,000 g/ha—our challenge is not overuse, but misuse and misperception." Mr. Sahin Ozkan, MD, Adama India reinforced, "Farmer training is the cornerstone of safe crop protection and India is fast emerging as a global agrochemical hub alongside China." Mr. Subroto Geed, MD, Corteva Agriscience India emphasised, "Farmers need end-to-end solutions—biologicals, proven chemistries and clear communication in their own language to build trust." Mr. Simon Wiebusch, CEO & MD, Bayer CropScience shared, "Pesticides are a necessity, not a luxury—farmers use them only when the benefits outweigh the costs, ensuring food security for billions." Mr. Ankur Aggarwal, Chairman, CropLife India said, “India is today the fourth-largest producer and the second-largest exporter of agrochemicals, with CropLife India members contributing over 70% of the industry’s business and providing 95% of the world’s molecules and chemistries. Our exports, worth nearly Rs. 40,000 crores, reflect the strength and global relevance of Indian agriculture. Yet, we continue to lose crops worth Rs. 2 lakh crores annually to pests and diseases—even though India’s pesticide use is just 400 grams per hectare compared to the global average of 8,000 grams. This proves that Indian farmers are efficient, not excessive. With responsible stewardship, we can cut crop losses, raise farmer incomes and help India move towards its $1 trillion agricultural economy goal. Our industry stands committed—to responsible innovation, natural farming support, integrated pest management and research-driven solutions. With government partnership and sustained investment in science, we can empower farmers, feed our 150 crore people and make in India for India and the world.” About CropLife India CropLife India is committed to advancing sustainable agriculture and it is an association of 17 R&D driven member companies in crop protection. We jointly represent ~ 70% of the market and are responsible for 95% of the molecules introduced in the country. Our member companies have annual global R & D spend of 6 billion USD and are firmly committed to engaging with the farming community to enable Safe, Secure Food Supply. Our member companies were established in India as far back as the 1950s; we continue to work hand-in-hand with the Government to build the agriculture sector – from direct investment of building factories, jobs creation, bringing in agriculture innovation and working endlessly over the years with multi-stakeholders to enhance agriculture productivity. (Disclaimer: The above press release comes to you under an arrangement with Newsvoir and PTI takes no editorial responsibility for the same.). PTI

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