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    Pesticide residues found in 58 food samples tested in Kerala, says Minister Siddique
    DGFT Removes Physical Duty Payment Challans for Export Obligation Discharge Certificate Applications under Advance Authorisation and Export Promotion ...
    TRAI directs use of 1601-series for service, transactional calls by utilities, logistics cos
    Nagaland tax revenue rises to Rs 1,597 crore in FY'26
    India's Russian crude imports hit record for second straight month
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    Rupee falls 8 paise to 95.25 against US dollar in early trade
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    Govt to introduce bill in Lok Sabha to broaden NCDC's mandate for co-operative sector growth
    AAP govt indulged in large-scale financial irregularities, caused losses to exchequer: Delhi minister
    ED files chargesheets in 2 PMLA cases against Anil Ambani Group companies, ex-executives
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    August 10, 2026
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    Pesticide residue concerns drive organic farming, school agriculture initiatives, infrastructure financing and climate-resilience support for farmers.
    Food-safety concerns arising from pesticide residues and toxic substances are to be addressed through organic vegetable farming, household cultivation and the Kathir school-farming initiative. Kathir provides for institutional farming, teacher and committee support, markets, student training and clubs, with possible academic weightage for agricultural participation. Agricultural infrastructure financing supports post-harvest management, value addition, processing, packing, marketing and exports. Additional measures include banking support, agricultural technology adoption, women-farmer support and schemes addressing climate-related floods and drought.
    August 10, 2026
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    Digital EODC processing removes physical duty challans through authenticated payment verification for export authorisation closure.
    Export Obligation Discharge Certificate processing under the Advance Authorisation and Export Promotion Capital Goods schemes no longer requires physical duty-payment challans for voluntary customs-duty payments made on or after 1 August 2026. Authenticated licence-wise payment information is electronically transmitted from Customs/ICEGATE to DGFT systems and mapped to the relevant authorisation. Exporters can verify payment details on the customer portal, while Regional Authorities use corresponding back-office records, replacing manual submission and verification for authorisation closure.
    August 10, 2026
    Show AI Summary
    Trusted service-call numbering requires verified utilities and logistics entities to use dedicated numbers exclusively for transactional and service communications.
    The 1601-series is introduced for verified utilities, courier and logistics entities making service and transactional voice calls. Numbers must be allocated directly to eligible entities, not intermediaries or aggregators, following verification by telecom service providers and an undertaking of exclusive use. Promotional voice calls are prohibited on this series and remain associated with the 140-series. The framework separates these calls from the 1600-series reserved for regulated financial-sector and government-to-citizen communications, supporting consumer recognition of legitimate calls and reducing impersonation risks.
    August 10, 2026
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    GST revenue collection drives tax growth while data scrutiny, taxpayer verification, and compliance capacity remain key administrative priorities.
    GST constituted the principal component of tax revenue for the 2025-26 fiscal year. Tax administration faces staff shortages, information-technology upgrade needs, and increased workloads from taxpayer registrations and return filings. Compliance oversight requires GST data scrutiny, risk assessment, identification of unregistered taxpayers, tax-evasion detection, and field verification of high-risk taxpayers. Long-term revenue planning sets progressively higher collection targets through 2063.
    August 10, 2026
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    Russian crude imports reshape India's refining trade as processed petroleum products reach sanctioning jurisdictions despite import restrictions.
    Indian imports of Russian crude oil reached a second consecutive monthly record in July 2026, with Russian crude forming the dominant share of India's Russian fossil-fuel purchases and more than half of total crude imports. Higher receipts through smaller terminals offset reduced volumes at Paradip. Indian refineries processing Russian crude also exported refined petroleum products to sanctioning jurisdictions, including the European Union, Australia and the United States, despite the European Union prohibition on imports of oil products made from Russian crude.
    August 10, 2026
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    Cyber-fraud through stolen phones allegedly used mule accounts, banking credentials and coordinated technical operations to divert victims' funds.
    Investigation into unauthorised withdrawals after theft of a mobile phone uncovered an alleged interstate cyber-fraud network using stolen devices, linked banking credentials and mule bank accounts. The scheme allegedly involved phone theft, supply of accounts and banking instruments, and a technical operation that accessed victims' accounts and routed funds for withdrawal or transfer. Digital surveillance, transaction mapping, seized devices, victim data and transaction records are being examined to identify linked complaints and the extent of funds allegedly diverted.
    August 10, 2026
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    Rupee depreciation reflected stronger dollar, elevated crude prices and geopolitical uncertainty, while portfolio inflows and equity gains provided support.
    The rupee depreciated against the US dollar amid a stronger dollar, higher global crude oil prices and uncertainty surrounding West Asia-related negotiations. Concerns over crude oil's potential impact on the trade deficit weighed on the currency, while positive domestic equity markets and foreign portfolio investment inflows provided support. Market caution remained focused on forthcoming US inflation data, dollar-index movements and Brent crude prices. Foreign-exchange reserves increased during the reported period.
    August 10, 2026
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    Collateral-free personal loans offer extended repayment flexibility, conditional reward benefits, and online application subject to eligibility and disbursal requirements.
    Loan Utsav 2026 provides eligible Bajaj Finance Personal Loan applicants an exclusive reward bundle where the loan is successfully disbursed during the campaign period. The collateral-free facility supports personal expenses, offers repayment tenures from 12 to 108 months, and may enable lower monthly EMI obligations through a longer selected tenure. Interest rates depend on eligibility, credit assessment, financial profile and lending criteria. Online applications require personal and financial details and required documents, with disbursal for eligible applicants possible after verification and approval.
    August 10, 2026
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    Credit card payment flexibility supports seasonal shopping and travel through eligible EMIs, rewards, tracking tools and conditional merchant benefits.
    Credit-card spending features include conversion of eligible purchases into EMIs, selected no-cost EMI options, reward points, cashback, merchant discounts and payment flexibility. Travel-related benefits may include domestic airport lounge access, travel-booking discounts, fuel-surcharge waiver and anniversary-linked rewards. The AU 0101 application enables transaction tracking, balance and interest-rate monitoring, EMI conversion and bill-payment management. Features and offers are subject to change, customer eligibility, internal policies and partner-merchant terms.
    August 10, 2026
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    Foreign-exchange market conditions weakened the rupee as stronger dollar and crude prices offset support from reserve growth and inflows.
    Foreign-exchange market conditions saw the rupee weaken against the US dollar in early trading, influenced by a stronger dollar and higher global crude oil prices. Foreign institutional equity inflows and increased foreign-exchange reserves moderated pressure on the rupee. Market attention remained focused on developments in West Asia and the Reserve Bank of India, alongside movements in the dollar index, crude oil prices and domestic equity markets.
    August 10, 2026
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    GI-tagged Mithila Makhana export facilitation expands sea-route market access while supporting quality compliance and farmer-linked value chains.
    Export facilitation for GI-tagged Mithila Makhana enabled the first commercial sea-route shipment from Bihar to Australia. APEDA, in association with the Bihar agriculture department, supported market access, coordination, capacity building and stakeholder engagement. The export model is intended to improve farmer price realisation, require adherence to global quality standards, and strengthen growers, processors and exporters. A separate HS Code for Makhana has taken effect under the Finance Bill, 2025, supporting product-specific trade classification.
    August 10, 2026
    Show AI Summary
    Startup ecosystem support expands through digital payments, cloud access, AI innovation, investment readiness, governance support and global market programmes.
    DPIIT has entered into strategic MoUs to support DPIIT-recognised startups through payment infrastructure, entrepreneurship development, cloud technology, mobility innovation, investment readiness and global-market access. Eligible startups may receive payment and cloud support, technical training, mentorship, startup formalisation assistance, market and investor connections, AI and mobility enablement, and programmes addressing governance, financial readiness, compliance and international expansion. The collaborations promote innovation across digital payments, clean energy, artificial intelligence, climate technology, advanced manufacturing, mobility and automotive technology.
    August 10, 2026
    Show AI Summary
    UPI transaction charges remain unavailable for consumers and person-to-person payments, while limited threshold-based merchant MDR may be considered.
    Proposed amendment of section 10A of the Payment and Settlement Systems Act, 2007 is intended to support UPI sustainability, technological advancement and resilience. Consumer payments and person-to-person transactions are to remain free. Any future merchant discount rate would apply only to limited merchant transactions above a threshold, at a nominal rate, while most merchant transactions remain free. The framework supports investment in cybersecurity, fraud prevention and infrastructure, alongside a self-sustaining and inclusive digital-payment ecosystem.
    August 10, 2026
    Show AI Summary
    Fair competition cooperation in renewable energy markets advances knowledge-sharing and evidence-based enforcement across interconnected digital and energy markets.
    BRICS competition authorities adopted a Joint Statement strengthening cooperation to promote fair competition, including in renewable energy markets. Cooperation focuses on dialogue, knowledge-sharing and consideration of cross-border competition challenges in digital markets, emerging technologies and the energy transition. Competition enforcement is to remain principled and evidence-based, supporting efficiency, consumer welfare, innovation and merit-based competition. A collaborative renewable-energy competition study identified evolving market dynamics and areas for future cooperation.
    August 10, 2026
    Show AI Summary
    Cost optimisation in public finance strengthens investment decisions, risk allocation, indigenous manufacturing and value-driven government expenditure through specialised financial expertise.
    ICoAS cost optimisation supports public financial management through prudent resource utilisation, financial oversight and improved cost management across government. Its role includes supporting indigenous manufacturing, better investment decisions, efficient public expenditure and maximum value for public spending. With greater private-sector participation and Public-Private Partnerships, ICoAS officers are expected to promote cost efficiency, appropriate risk allocation and sound project structuring. Capacity building emphasises integrity, financial modelling, data visualisation, analytical frameworks and artificial intelligence for improved public-finance management.
    August 9, 2026
    Show AI Summary
    Co-operative development financing would expand through direct assistance, share-capital participation and wider operational powers for sectoral support.
    National Cooperative Development Corporation (Amendment) Bill, 2026 proposes to broaden the Corporation's mandate to promote co-operative development. It would permit direct loans and grants to co-operative societies and other entities engaged in co-operative development, where funds are used for co-operative purposes. With Central Government approval, the Corporation could participate in the share capital of such entities. The proposals also expand the meaning of foodstuffs, remove geographical restrictions for industrial-goods assistance, and provide additional functional powers.
    August 9, 2026
    Show AI Summary
    GST compliance failures and electricity subsidy controls raise allegations of financial irregularities and potential losses to the public exchequer.
    Allegations based on a Comptroller and Auditor General report identified purported GST compliance failures involving outstanding tax liabilities, e-way bills generated after cancellation of GST registrations, limited bill scrutiny, non-compliance, and turnover mismatches. The allegations also concerned electricity subsidies extended to consumers with prolonged zero bills or apparent non-residence, presenting these issues as possible financial irregularities and losses to the public exchequer.
    August 9, 2026
    Show AI Summary
    Money-laundering prosecution complaints allege fund diversion through shell entities, credit-facility evergreening, layered transactions and fictitious project expenditure.
    Money-laundering prosecution complaints allege that funds from toll-road projects and credit facilities were diverted through group companies, contractors, shell entities and conduit accounts. In the toll-road matter, allegedly sham or back-dated subcontracting arrangements and subsequent documentation were used to portray transfers as genuine project expenditure. In the credit-facilities matter, fresh facilities were allegedly used to repay, rotate and evergreen earlier liabilities rather than for sanctioned end-use, with funds layered and presented as legitimate business expenditure or receipts. Attached assets are sought to be confiscated as alleged proceeds of crime.
    August 9, 2026
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    Direct Benefit Transfer pension disbursement replaces cooperative-bank doorstep delivery, while preserving home payments for beneficiaries unable to use bank accounts.
    Direct Benefit Transfer of social security and welfare pensions to Aadhaar-linked bank accounts is intended to replace cooperative-bank doorstep delivery, except for bedridden and similarly situated beneficiaries. The change addresses delays in remitting undistributed pensions, deficient record updates and reconciliation, duplicate payments, delivery incentives, and compliance with Direct Benefit Transfer norms. Criticism focuses on beneficiary access to linked commercial-bank accounts, possible minimum-balance deductions, exclusion of cooperative banks, and the effect on doorstep-delivery workers.
    August 8, 2026
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    Engineering business growth supported Raymond's first-quarter performance, with export expansion, capacity investment and net-debt-free financial flexibility.
    Raymond Limited reported unaudited first-quarter FY27 growth in total income, EBITDA and profit before tax before exceptional items, while remaining net-debt-free with a net cash surplus. Its Engineering business comprises Precision Technology & Auto Components and Aerospace & Defence. Growth in the former was attributed to export expansion, operating leverage, product mix and cost reductions. Aerospace & Defence growth was linked to production for global OEMs, portfolio expansion and increased capacity, although margins were affected by targeted research and development investment. Forward-looking statements remain subject to regulatory, political, economic and technological risks.

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      India upgrades diplomatic presence in Kabul; announces series of development measures for Afghanistan

      October 10, 2025

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      New Delhi, Oct 10 (PTI) India on Friday announced the upgrading of its technical mission in Kabul to the status of an embassy and decided to restart its development projects in Afghanistan with External Affairs Minister S Jaishankar appreciating the Taliban set-up for showing sensitivity towards New Delhi's security concerns.

      Jaishankar made the twin announcements during his wide-ranging talks with visiting Afghan Foreign Minister Amir Khan Muttaqi for the first time, signalling a new approach in New Delhi's ties with Kabul though it has not yet recognised the Taliban set-up that came to power in August 2021.

      Muttaqi, on a six-day trip to India, said Afghanistan will not allow any elements to use its territory against New Delhi's interests and identified the Daesh terror group (ISIS) as the main challenge for the region. He added that Kabul is at the frontlines of this struggle.

      Since the Taliban came to power, New Delhi has been insisting that Afghan soil must not be used for any terrorist activities against any country.

      The Afghan foreign minister also invited Indian companies to invest in the mining and mineral sector in his country, saying it would help strengthen the bilateral trade relations.

      In the talks, the two sides welcomed the commencement of the India-Afghanistan air freight corridor, which is expected to enhance direct trade and commerce between the two countries.

      Hours after Jaishankar announced an upgrade of its diplomatic presence in Kabul, Muttaqi told a select group of journalists that Kabul will also send diplomats to India as part of step-by-step efforts to improve the bilateral ties.

      India had withdrawn its officials from its embassy in Kabul after the Taliban seized power in August 2021. In June 2022, India re-established its diplomatic presence in the Afghan capital by deploying a "technical team".

      In his opening remarks at the meeting, Jaishankar listed cross-border terrorism as a shared threat for both the countries and said India and Afghanistan must coordinate efforts to combat the menace.

      "Your visit marks an important step in advancing our ties and affirming the enduring friendship between India and Afghanistan," Jaishankar told Muttaqi in his opening remarks at the meeting.

      "As a contiguous neighbour and a well-wisher of the Afghan people, India has a deep interest in your development and progress," he said.

      India's longstanding partnership that has seen so many Indian projects in Afghanistan stands renewed, the external affairs minister announced.

      Jaishankar said both India and Afghanistan have a common commitment towards growth and prosperity.

      "However, these are endangered by the shared threat of cross-border terrorism that both our nations face. We must coordinate efforts to combat terrorism in all its forms and manifestations," he said.

      "We appreciate your sensitivity towards India's security concerns. Your solidarity with us in the aftermath of the Pahalgam terrorist attack was noteworthy," the minister added.

      Jaishankar said India is fully committed to the sovereignty, territorial integrity and independence of Afghanistan.

      "Closer cooperation between us contributes to your national development, as well as regional stability and resilience. To enhance that, I am pleased to announce today the upgrading of India's Technical Mission in Kabul to the status of embassy of India," he said.

      In the interaction with the small group of journalists, Muttaqi said Kabul will soon send its diplomats to New Delhi.

      "The foreign minister (S Jaishankar) said you can send diplomats to New Delhi now. When we go back, we will select people and send them," he said.

      Asked if the Taliban regime will appoint an ambassador, Muttaqi said: "we will now send diplomats and gradually the contacts will increase." Till now, the Afghan missions in India have officials who were largely appointed by the previous Ashraf Ghani government.

      In his media interaction, the Afghan foreign minister said India and Afghanistan should work together to address hurdles in development of the Chabahar port.

      "Both Afghanistan and India should try to remove all problems and obstacles in this route, because there are some restrictions on this path from America," he said.

      Jaishankar said India is now ready to commit to six new projects, the details of which can be announced soon.

      "A gift of 20 ambulances is another gesture of goodwill and I would like to hand over five of them to you personally as a symbolic step," he said.

      The external affairs minister also appreciated Kabul inviting Indian companies to explore mining opportunities in Afghanistan and said the proposal can be discussed further.

      "We have a shared interest in boosting trade and commerce. I am glad to note the commencement of additional flights between Kabul and New Delhi," he said.

      In his remarks, Jaishankar described as a matter of deep concern the plight of "forcibly repatriated" Afghan refugees and said their dignity and livelihood is important.

      "India agrees to help construct residences for them and continue providing material aid to rebuild their lives," he said.

      Muttaqi described India as an important country of the region and one that has always stood by Afghan people and assisted them in many areas.

      "We will not allow any (element) to threaten anyone else or use the territory of Afghanistan against others. Daesh is a challenge for the region and Afghanistan is at the frontlines of this struggle," he said.

      "Luckily, the Islamic Emirate of Afghanistan, its forces and its strong struggle against it has eradicated it from Afghanistan. The need of our region is that we combat this menace together and this is a need for the common prosperity of both nations," he said.

      Considering Afghanistan's pressing requirement for economic recovery and development, both sides agreed that India would further deepen its engagement in development projects, particularly in the sectors of healthcare, public infrastructure and capacity-building.

      As part of India's ongoing healthcare cooperation with Afghanistan, several projects are being undertaken, including the establishment of a thalassemia centre, a modern diagnostic centre, and replacement of the heating system at the Indira Gandhi Institute of Child Health (IGICH) in Kabul, according to a joint statement.

      Additionally, India will construct a 30-bed hospital in Kabul's Bagrami district, an oncology centre and a trauma centre in Kabul, and five maternity health clinics in the provinces of Paktika, Khost, and Paktia.

      India will also continue to extend medical assistance and provide high-quality healthcare treatment to Afghan nationals, the statement said.

      It said both sides unequivocally condemned all acts of terrorism emanating from regional countries and underscored the importance of promoting peace, stability, and mutual trust in the region.

      "Both sides emphasised respect for each other's sovereignty and territorial integrity," it said.

      Jaishankar appreciated the Afghan side's understanding of India's security concerns and the Afghan Foreign Minister reiterated the commitment that the Afghan government will not allow any group or individual to use the territory of Afghanistan against India, it added. PTI MPB ZMN

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