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    No sensitivity of India compromised in trade pact with US: Goyal
    About 100 highway plazas used illegal apps to collect toll from vehicles not bearing FASTag stickers: ED
    CBI conducts course on financial crimes for officers from ITEC-member countries
    Delhi workers welfare board blacklists firm for over 20,000 'unauthorised' Aadhaar transactions
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    Electrifying India's vehicles can cut its import bill by USD 125 billion by 2050: Study
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    Marching ahead with Responsibility and Growth - Keynote Address[Contributions by RBI colleague Shri Mohammed Majidullah, General Manager] delivered by...
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    The Digital Textile Printer Revolution: How Konica Minolta NASSENGER is Preparing India for the Next Global Textile Opportunity
    Union minister Goyal hails 7.8 pc GDP growth; lauds Modi, takes dig at Oppn
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September 3, 2026
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Trade agreement consultations safeguard farmer, worker, MSME and sectoral sensitivities while phased bilateral tariff negotiations continue.
India-US bilateral trade agreement negotiations are being pursued on the stated basis that Indian sensitivities will not be compromised. The agreement's text remains non-public, while the government position identifies farmers, fishers, micro, small and medium enterprises, workers, handloom and handicrafts sectors, and the automobile industry as protected considerations. The arrangement is described as a first tranche, with further engagement contemplated following changes in the United States tariff landscape.
September 3, 2026
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Unauthorised toll collection apps allegedly generated fake receipts, concealed non-FASTag collections, and triggered a money-laundering investigation.
Unauthorised digital applications allegedly enabled toll collection from vehicles without FASTag stickers outside the official reporting system. Mobdata and Any were allegedly used to generate unauthorised or fake toll receipts, conceal collections from NHAI, and monitor such collections through dedicated portals. A PMLA investigation followed an FIR alleging fraudulent toll collection, with digital forensic material indicating use of the mechanism across around 100 toll plazas. Searches resulted in seizure of financial and digital records and freezing of bank accounts.
September 3, 2026
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Economic offence investigations: cross-border training strengthens officers' practical skills in investigation, prosecution, procedures, and handling complex financial crimes.
Capacity-building training under the Indian Technical and Economic Cooperation programme equipped officers from member countries with practical skills for investigating economic offences. It covered varied forms of financial and economic crime, cross-border impact, challenges in investigation and prosecution, standard operating procedures, and investigative best practices. The specialised law-enforcement engagement aims to strengthen international cooperation and investigative capacity in economic-offence matters.
September 3, 2026
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Unauthorised Aadhaar credential use triggers blacklisting and procurement debarment following alleged post-termination enrolment and update transactions.
Alleged unauthorised use of Aadhaar Registrar/EA Code credentials after termination of an operational engagement led the Delhi Construction and Other Workers Welfare Board to blacklist MDS Solution Pvt Ltd. UIDAI communication indicated that Aadhaar-related activity allegedly continued after cancellation through the Board's credentials. The Board lodged a police complaint, barred the firm from its tenders, procurement processes, empanelment and contract awards, and recommended consideration of action under applicable rules and policies.
September 3, 2026
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FCNR(B) deposits strengthen foreign-exchange liquidity and support rupee appreciation alongside foreign portfolio inflows into government securities.
Foreign-currency inflows through FCNR(B) deposits, overseas foreign-currency borrowings and external commercial borrowings strengthened foreign-exchange liquidity and supported appreciation of the rupee against the US dollar. Foreign portfolio investment in government securities was linked to the abolition of withholding tax and long-term capital gains tax on such investment. Currency-market conditions were also influenced by foreign institutional equity purchases, global risk appetite, crude-oil prices and geopolitical tensions.
September 3, 2026
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Electric vehicle adoption can reduce transport import dependence while domestic battery manufacturing increases projected long-term savings.
Electric-vehicle adoption across road-transport segments is projected to reduce dependence on imported petrol and diesel, notwithstanding continuing battery imports. Accelerated electrification could reduce vehicle-related import expenditure substantially by 2050 because reduced oil imports are expected to exceed battery-import costs. Domestic cell-manufacturing capacity may further increase savings by combining rapid vehicle electrification with battery localisation.
September 3, 2026
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Women's livelihood credit access will extend beyond self-help groups through standardised loan formalities and coordinated banking support.
Women's access to credit for livelihood expansion is to extend beyond Self-Help Groups to individual women members. Loan accessibility concerns include distance from bank branches, repeated visits to complete formalities, and inconsistent banking procedures. Regular State Rural Livelihood Mission meetings, bank participation, training, helplines, process improvements and coordination with bankers are intended to reduce barriers. Loan formalities are to be standardised across banks through a uniform process involving RBI and NABARD.
September 3, 2026
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Industrial development facilitation prioritises infrastructure, services, policy utilisation, and dry-port trade connectivity for businesses and agro-based farmers.
Industrial development facilitation extends beyond allocation of industrial plots to infrastructure development, services, and a favourable business environment. Industry-support policies seek to encourage participation by entrepreneurs, promote growth across sectors, and improve investment conditions without distinction between small and large enterprises. Dry-port infrastructure strengthens national and international trade connectivity, supporting import and export expansion for industrial and agro-based businesses.
September 3, 2026
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Regulated fintech infrastructure recognition highlights integrated payment, identity and collections capabilities across embedded financial product delivery.
Decentro operates an integrated fintech infrastructure platform combining payment acceptance, identity verification, banking and AI-led collections through a unified integration layer. It holds Payment Aggregator authorisations for online and physical payments, a Payment Service Provider licence through its GIFT City entity, and certification for offline identity-verification workflows. These capabilities support embedded financial products, payment acceptance, lending collections and related financial workflows for enterprise users.
September 3, 2026
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Responsible NBFC and HFC growth requires technology-enabled inclusion, proportionate regulation, sound governance, liquidity discipline, customer protection and cyber resilience.
NBFCs and HFCs can complement bank-led credit delivery through last-mile reach, sector-specific expertise, digital infrastructure, consent-based data sharing and cash-flow-based underwriting. Sustainable growth requires strong liquidity risk management, governance, compliance culture, diversified funding, stress testing, early-warning systems, dynamic provisioning and sound underwriting standards. Proportionate scale-based regulation, digital lending standards and a substance-over-form approach seek to support innovation while preserving financial stability. Customer protection, responsible lending, grievance redressal, fair recovery conduct, cyber resilience and protection of customer data remain essential.
September 3, 2026
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Debenture trusteeship fee fixing constitutes cartelisation by constraining independent pricing and restricting service availability in the market.
Collective minimum-fee fixing for debenture trusteeship services prevented trustees from making independent commercial pricing decisions and constituted cartelisation. Prescription of a benchmark fee limited and controlled the supply or market for such services by directing association members and non-members not to serve debenture issuers below that fee. The conduct contravened Section 3(3)(a) and Section 3(3)(b) read with Section 3(1) of the Competition Act, 2002.
September 3, 2026
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Digital textile printing enables flexible industrial production, shorter lead times, reduced screen dependency and sustainability-focused manufacturing for export markets.
Digital textile printing is presented as an industrial alternative to conventional screen printing, allowing direct production from digital design files with faster design changes, shorter lead times and flexibility across varying order quantities. Single-pass systems support high-volume production through fixed printing units and continuous fabric movement, while multipass platforms provide flexible production across natural, synthetic and specialised textiles. Digital production is associated with printing closer to demand, eliminating physical screens, reducing unnecessary production, and addressing wastewater reduction, chemical compliance, traceability and responsible manufacturing expectations.
September 3, 2026
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Economic growth and infrastructure investment were presented as supporting exports, skilled employment, connectivity, and long-term development.
Economic growth, export expansion and infrastructure investment are presented as interconnected drivers of India's development, global standing and employment opportunities. Infrastructure expenditure, railway expansion and improved transport connectivity are identified as measures intended to facilitate movement, simplify transportation, support trade and exports, and strengthen industrial and commercial activity. These measures are associated with the objective of a developed India by 2047 and enhanced employment, business and growth opportunities.
September 3, 2026
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Co-location and dark fibre settlement addressed allegations of preferential market-data access and speed advantages in trading.
SEBI's co-location and dark fibre matters involving NSE concerned allegations that certain stockbrokers obtained unfair preferential speed advantages to access market data and execute trades ahead of other investors. NSE pursued settlement applications covering both matters, and revised settlement terms increased the cumulative amount. Payments made by NSE together completed the agreed settlement amount.
September 3, 2026
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Preferential tariff treatment remains the condition for finalising the bilateral trade agreement and improving Indian export competitiveness.
Finalisation of the India-US Bilateral Trade Agreement is contingent on the United States extending preferential tariff treatment to India relative to competing supplier countries. Further negotiations are required following changes in the United States tariff environment. A comparative tariff advantage is intended to improve the price competitiveness of Indian goods in the United States market, particularly against competitors benefiting from lower duties under least-developed-country preferences or trade agreements.
September 3, 2026
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MSME secured lending equity capital, subject to regulatory approval, supports expansion without management-control change in operations.
Business Nextgen Finance Private Limited, a non-deposit taking non-banking financial company registered with the Reserve Bank of India, has raised Rs 215 crore in equity capital to expand secured credit for micro, small and medium enterprises. The transaction received prior Reserve Bank of India approval. The capital base will support secured lending scale-up, geographic expansion, technology investment and wider access to formal credit in underserved markets. The investment does not involve a change in management or day-to-day control.
September 3, 2026
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Money-laundering probes into narcotics trafficking rely on predicate police and narcotics cases and examine cross-border linkages.
Money-laundering investigation under the Prevention of Money Laundering Act involves coordinated searches in connection with multiple narcotics-trafficking matters. The investigation is founded on police and Narcotics Control Bureau FIRs and linked chargesheets concerning separate drug-trafficking allegations, including alleged trafficking in methamphetamine, marijuana and MDMA with suspected cross-border linkages.
September 3, 2026
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Conversational AI account management enables businesses to access payment information, settlement support, refunds, and payment links through WhatsApp.
RAY is a conversational AI account manager on WhatsApp that enables businesses to access payment information, support, and operational actions through messages or voice notes. It can provide payment summaries, analyse payment activity, monitor settlement status, generate payment links, and issue refunds. The AI assistant is designed to proactively identify payment-health issues, flag settlement events, recommend actions, and use merchant-specific context to support payment management without dashboard navigation.
September 3, 2026
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Portfolio management services distribution enables certified mutual fund distributors to digitally onboard and report for eligible high-net-worth clients through AssetPlus.
AssetPlus has launched Portfolio Management Services for certified Mutual Fund Distributor partners to digitally onboard, track, manage and report PMS investments for eligible high-net-worth clients. PMS distribution requires NISM Series-XXI-A certification and operates within the APRN distributor-registration framework. PMS comprises individually managed portfolios run by SEBI-registered Portfolio Managers and held in clients' demat accounts. The minimum investment is Rs. 50 lakh, and offerings are governed by the SEBI (Portfolio Managers) Regulations, 2020. The platform provides daily reconciliation of holdings, performance and valuations.
September 3, 2026
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NPOP-certified ethnic rice exports strengthen organic producer access to international markets through certification, traceability, and organised export production.
NPOP-certified ethnic rice exports from Tripura to Austria and the Netherlands connect local farmers and Farmer Producer Companies with international markets through organised, export-oriented production. The initiative emphasises certification, traceability, food safety and quality as requirements for access to markets for certified organic products. Buyer-seller linkages support export opportunities, while coordinated organic value-chain engagement strengthens certification and quality systems and supports producers in meeting international standards.

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Customs, DGFT & SEZ

The Union Minister of Commerce and Industry, Shri Piyush Goyal Reaffirms Government’s Commitment to Promoting Quality Manufacturing and Implementation of QCOs at Udyog Samagam 2025

November 12, 2025

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Shri Goyal Calls for Strong Centre–State Collaboration and Effective Implementation of Industrial Incentives to Boost Growth

Shri Piyush Goyal Urges States and Industries to Adopt Sustainable Manufacturing Aligned with PM’s “Zero Effect, Zero Defect” Vision

Shri Piyush Goyal Highlights Government Support for Fisheries Sector, Emphasizes Innovation, Skill Development, and Inclusive Growth Through New FTAs

The Union Minister of Commerce and Industry, Shri Piyush Goyal, emphasized the Central Government’s commitment to supporting States and Union Territories in ensuring that high-quality products reach consumers across the country while addressing the second edition of Udyog Samagam 2025, organised by the Department for Promotion of Industry and Internal Trade (DPIIT).

The Minister stated that Quality Control Orders (QCOs) are being implemented to make superior-quality products available to consumers and to promote a culture of quality in manufacturing. Citing the success of QCOs on toys and plywood, he noted that such measures have strengthened Indian industries while curbing substandard imports.

The conference brought together Industries and Commerce Ministers from 14 States and Union Territories, senior officials, and industry representatives to review progress under the Business Reforms Action Plan (BRAP) 2024 and felicitate the best-performing States and UTs.

The Minister highlighted the importance of strong Centre–State collaboration in driving industrial growth. He said that every State in India has developed good practices that can serve as models for others, and by learning from one another, the nation can accelerate industrial progress. Shri Goyal encouraged States and Union Territories to establish third-party mechanisms to effectively implement and monitor industrial incentives, ensuring timely disbursement and execution to maintain industry confidence.

He underscored that a strong partnership between industry and government is vital for economic growth, emphasizing law and order, time-bound approvals, and minimal physical interface. Appreciating Madhya Pradesh’s model of providing ready-built industrial facilities at nominal rates—which has generated lakhs of jobs—he urged other States to adopt similar approaches. He also suggested the use of escrow and RBI-linked mechanisms for incentive payments, competitive power tariffs, and self-certification systems to build trust and improve ease of doing business.

Reiterating that sustainability is the key to future growth, Shri Goyal called for the active participation of States and Union Territories in ensuring that all industrial efforts align with environmental protection. Referring to Prime Minister Narendra Modi’s motto of “Zero Effect, Zero Defect,” he urged industries to adopt sustainable manufacturing practices that minimize environmental impact while maintaining the highest standards of quality.

Citing the example of the fisheries sector under the PM Matsya Sampada Yojana, Shri Goyal noted the government’s efforts in supporting cold storage and cooperative-based purchase of deep-sea vessels through financial assistance. He further encouraged States to focus on innovation, skill development, women’s participation, startups, and deep-tech enterprises. He added that India’s new Free Trade Agreements with developed nations will safeguard the interests of farmers, manufacturers, and all stakeholders while opening new avenues for growth.

The programme opened with remarks by Secretary, DPIIT, Shri Amardeep Singh Bhatia, who noted that BRAP has evolved into one of the most comprehensive sub-national reform exercises globally and that the reform process has deepened across the country under BRAP 2024. The event was also addressed by the Chief Minister of Madhya Pradesh as well as industry and State leaders, who acknowledged the progress achieved through collaborative reform efforts.

At Udyog Samagam 2025, States and UTs were felicitated for excellence under BRAP 2024 across 25 reform areas, showcasing the depth and impact of reforms across domains such as Business Entry, Construction Permits, Labour Regulation Enablers, Land Administration, Environment Registration, Utility Permits, Services Sector, and Sector-Specific Services. Uttarakhand and Punjab were recognised as top achievers across five reform areas. Andhra Pradesh, West Bengal, Jammu & Kashmir, Kerala, Tamil Nadu, Madhya Pradesh, Telangana, Rajasthan, Jharkhand, and Chhattisgarh were top achievers across four reform areas. Maharashtra, Assam, Himachal Pradesh, Haryana, Odisha, and Uttar Pradesh were recognised as top achievers across three reform areas. Gujarat, Karnataka, and Tripura were top achievers across two reform areas, while Goa and Meghalaya were recognised across one reform area. DPIIT also presented the BRAP 2024 State Categories reflecting the broader Ease of Doing Business and compliance landscape.

Under Category Y (States/UTs with established business systems), fast movers were Odisha, Punjab, Andhra Pradesh, Rajasthan, Madhya Pradesh, Kerala, Assam, Uttarakhand, Jammu & Kashmir, and Karnataka. Aspirers under Category Y included West Bengal, Tamil Nadu, Maharashtra, Gujarat, Uttar Pradesh, Chhattisgarh, Haryana, Telangana, Jharkhand, Himachal Pradesh, Goa, Bihar, and Delhi. Under Category X (North-Eastern States and UTs with developing systems), all States/UTs were classified as Aspirers, namely Tripura, Meghalaya, Chandigarh, Dadra & Nagar Haveli and Daman & Diu, Andaman & Nicobar Islands, Puducherry, Nagaland, Arunachal Pradesh, Mizoram, Sikkim, Lakshadweep, and Manipur. “Top Achiever” refers to States and UTs securing a score above 90 percent, indicating consistent implementation of reforms, fully functional systems, and strong user validation.

BRAP 2024 covered 434 reform points across Central and State domains and was supported by one of the largest national feedback exercises. 5,83,365 businesses were contacted, and 1,33,776 interviews were completed across 34 States and UTs. These included 11,201 face-to-face responses, 1,15,128 telephonic interactions, and 7,447 SMS and email-based responses, along with 30 Focus Group Discussions. This extensive outreach ensured transparency and reflected ground-level experience of service delivery and the reforms implemented by States.

BRAP 2024 assessment followed a structured methodology combining evidence-based verification and user feedback. States and UTs submitted complete evidence of implementation, including operational system URLs and notifications. User data for services availed during the defined period formed the basis of the national feedback survey, conducted through telephone, digital, focus group discussions, and face-to-face interviews. The scoring framework applied 70 percent weightage to user feedback and 30 percent to evidence, with NA1 (eliminated regulation) awarded full marks and NA2 (not applicable) excluded from scoring. Defined thresholds ensured that only reforms observed in actual practice were considered implemented.

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