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    Keralam CM flags off containers from Vizhinjam, marking start of EXIM operations
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August 18, 2026
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EXIM operations at Vizhinjam commence with container movement, supported by investor facilitation, infrastructure backing and port-led logistics development.
EXIM operations at Vizhinjam international seaport commenced with the flagging off of two containers after a successful trial export shipment. The state government proposes investor engagement, regulatory facilitation and infrastructure support to expand global export activities through the port. Mission Samudra is to operate as a port-led industrial and logistics development scheme. The deep-water port was developed under a public-private partnership model and had received commercial commissioning certification.
August 18, 2026
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Money-laundering investigation under PMLA expands through searches into alleged consultancy payments linked to CMRL and Exalogic Solutions.
Money-laundering investigation under the Prevention of Money Laundering Act involves fresh searches connected with Cochin Minerals and Rutile Ltd and Exalogic Solutions. The inquiry concerns alleged fraudulent payments made under the guise of IT consultancy services and a purported money trail involving persons allegedly connected with those transactions. The action follows earlier searches and questioning in relation to the same matter.
August 18, 2026
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Recruitment examination irregularities trigger money-laundering investigation into alleged bribery, paper leaks, answer-sheet tampering, and preferential veterinary officer selections.
Money-laundering investigation under the Prevention of Money Laundering Act concerns alleged irregularities in veterinary officers' final selection through a public recruitment examination. Searches covered premises linked to commission officials, alleged intermediaries, the digital evaluation entity, and selected candidates. Allegations include bribery demands, examination-paper leakage, OMR answer-sheet tampering, and facilitation of selection for relatives of commission officials.
August 18, 2026
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Export-import operations advance through operational preparedness review and planned port-led industrial and logistics development initiatives.
Operational preparedness for full land-based export-import operations at Vizhinjam Seaport was reviewed, including the Vehicle Traffic Management System. EXIM cargo operations follow a trial shipment of the port's first export container to Valencia. Mission Samudra is proposed to support port-led industrial and logistics development alongside these operations. The deep-water port was developed through a public-private partnership model and had obtained commercial commissioning certification before its dedication to the nation.
August 18, 2026
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Industrial corridor development prioritises empowered SPVs, integrated infrastructure and investor-ready parks to accelerate manufacturing investment and operations.
National Industrial Corridor Development Programme implementation prioritises timely infrastructure completion, land allotment, investment mobilisation and commencement of manufacturing. PM GatiShakti-aligned planning requires integrated connectivity, utilities and social infrastructure, while States should resolve land, clearance and SPV-power bottlenecks. BHAVYA proposes investment-ready, plug-and-play industrial parks appraised for ready land, credible demand, connectivity, utilities, realistic phasing and early investor attraction. NICDIT routes Government participation and equity support for BHAVYA project SPVs, and NICDC coordinates implementation and monitoring.
August 17, 2026
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RERA compliance exemption for stalled housing projects raises whether statutory obligations may be waived to enable phased project completion.
RERA compliance exemption is sought for completion of 16 stalled residential projects by a public sector construction entity appointed under a project-completion arrangement. The appellate insolvency tribunal declined to direct a waiver, considering itself incompetent to exempt compliance with statutory provisions. The arrangement requires phased completion, award and commencement of construction work, and oversight through an apex committee and project-wise committees. The projects remain incomplete owing to the developer's financial crisis.
August 17, 2026
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Deposit mobilisation and youth banking guide strategies for stronger public financial institutions, investment financing and Global Capability Centre opportunities.
PSB Confluence 2026 considers strategic priorities for Public Sector Banks and Public Financial Institutions across deposit mobilisation, banking for youth, investment-cycle financing and Global Capability Centres. Discussions seek practical, scalable strategies to strengthen customer engagement, youth-responsive banking propositions, institutional financing capabilities and participation in the expanding Global Capability Centre ecosystem. Youth engagement may use the MY Bharat platform to strengthen links with the formal financial system and awareness of education finance, entrepreneurship, internships and financial-sector careers. Further themes include value-chain infrastructure, priority sector lending and credit card business reform.
August 17, 2026
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Banking-sector reform will guide lender capacity, financial stability, inclusion, consumer protection, deposit growth and responsible credit-card expansion.
Banking-sector reform is proposed through a high-level committee on Banking for Viksit Bharat to review the sector and align it with growth needs while safeguarding financial stability, financial inclusion and consumer protection. Key themes include deposit mobilisation, youth banking, investment support, global capability centres, value-chain infrastructure, credit cards and priority-sector lending. Public-sector banks are expected to improve competitiveness through technology, sectoral expertise, product adaptation and customer-focused deposit growth. Credit-card development must maintain responsible underwriting, customer protection and appropriate risk controls.
August 17, 2026
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FCNR(B) concessional swap facility availability narrows to timely mobilised deposits amid rupee depreciation and foreign currency inflow concerns.
Foreign-exchange conditions reflected rupee depreciation amid weak domestic equity markets and higher crude oil prices. FCNR(B) concessional swap facility availability is confined to foreign currency deposits mobilised by banks within the revised cut-off period, replacing the previously longer mobilisation window. The facility is intended to encourage foreign currency inflows, while banks use the FCNR(B) scheme to mobilise foreign currency deposits through attractive interest rates.
August 17, 2026
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Banking sector review panel will align future growth with financial stability, inclusion and consumer protection through government recommendations.
High Level Committee on Banking for Viksit Bharat is proposed to comprehensively review the banking sector and align it with India's next phase of growth. It is intended to safeguard financial stability, financial inclusion and consumer protection, while providing views and recommendations to the Government on banking-sector development and reform.
August 17, 2026
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Prime Minister Internship Scheme enhances youth employability through paid industry exposure, cross-field learning, workplace readiness and potential full-time employment.
The Prime Minister Internship Scheme provides paid internships with leading companies across India to improve youth employability through practical workplace exposure, industry experience and skills development. It addresses the gap between classroom learning and employers' expectations of workplace readiness. Participation is not confined to academic qualifications, allowing youth to pursue fields of interest and gain hands-on professional learning. Strong internship performance may lead to full-time roles, while the scheme stresses responsible work where errors may affect quality, consumer safety and organisational reputation.
August 17, 2026
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SAFTA origin fraud in areca imports allegedly enabled improper duty exemption through false Bangladeshi-origin declarations.
SAFTA preferential duty treatment for areca-nut imports was allegedly misused by falsely declaring goods originating in South-East Asian countries as Bangladeshi origin. Since areca nuts normally attract 100% basic customs duty, the scheme sought to obtain the full SAFTA exemption reserved for qualifying Bangladeshi goods meeting Rules of Origin requirements. The alleged mechanism included routing goods through Bangladesh, changing containers and bags, using improperly obtained Certificates of Origin, and facilitating clearance through importers, Customs Brokers and IEC holders. Investigative findings also indicated cash proceeds, hawala channels and dummy entities.
August 17, 2026
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FCNR(B) concessional swap facility closure may reduce temporary foreign-currency inflow support and heighten rupee weakness concerns.
The Reserve Bank of India restricted its concessional swap facility for FCNR(B) deposits to deposits mobilised by August 31, advancing the earlier cut-off date. The facility was intended to encourage foreign-currency inflows, while banks mobilise such deposits through attractive interest rates. Market commentary indicated that existing inflows may support the rupee in the near term, but the curtailed availability of the facility could reduce this temporary cushion and increase depreciation risk.
August 16, 2026
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Temporary tariff suspension for earthquake recovery is sought to ease pressure on affected Colombian businesses.
Temporary suspension of high tariffs on Colombian products has been sought to support business recovery following a severe earthquake declared a natural disaster. The request links tariff relief to economic disruption affecting businesses amid extensive destruction, injuries and missing persons. United States emergency assistance has been provided through food, shelter and health supplies, while no response to the tariff-suspension request had been reported.
August 16, 2026
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Port-led industrial development and direct export operations aim to expand logistics infrastructure, market access and trade connectivity.
Mission Samudra is proposed as a port-led industrial and logistics development programme linked to the commencement of export-import operations at Vizhinjam seaport. It covers industrial clusters, new cities, port connectivity, logistics, development initiatives, programme management and capacity building. Direct export shipments are intended to improve overseas-market access and reduce transit time and logistics costs, particularly for small and medium enterprises. The framework also anticipates growth in warehousing, cold storage, container freight stations and logistics parks, supported by private participation and road and rail connectivity.
August 16, 2026
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Electric vehicle export diversification strengthens India's presence across European, Asia-Pacific and Latin American markets through expanding overseas demand.
India's electric motor car exports expanded sharply in the first quarter of 2026-27, reflecting increased international acceptance and competitiveness of India-manufactured electric vehicles. Europe became the principal export destination, led by Spain and the United Kingdom, with further demand across several European markets. Exports also reached Asia-Pacific markets, Nepal and emerging Latin American destinations. This wider market presence reflects improving quality and safety standards, stronger integration into global electric-vehicle supply chains, and diversification of India's electric-vehicle export profile.
August 16, 2026
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LPG production preparedness requires refiners and upstream producers to maintain capacity and increase output during supply constraints.
Government has established a standing LPG production preparedness framework under which refining companies, oil marketing companies and upstream producers may be directed to increase production during supply constraints. Companies must maintain adequate LPG storage, evacuation and transportation infrastructure and pursue technically and economically feasible production-enhancing measures. Written directions may prescribe production quantities and periods, including restrictions on alternative uses of input streams required for LPG. The production schedule is updated twice yearly to reflect new facilities and added capacity from infrastructure, technology and distribution improvements.
August 16, 2026
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Free trade agreement market access requires MSMEs, farmers and exporters to meet global quality standards.
Free trade agreements expand market-access opportunities for Indian MSMEs, exporters and producers through reduced or eliminated import duties on traded goods. Textiles, machinery, medicines, seafood and agricultural products can access international markets where they meet global standards and remain competitively priced. Farmers and producers are encouraged to develop export-oriented products, including chemical-free agricultural produce, while MSMEs may use preferential trade access to support manufacturing, exports, employment and growth.
August 15, 2026
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Chemical-free farming can strengthen agricultural exports by meeting global standards and responding to rising international demand.
Chemical-free farming is urged to meet growing global demand and expand agricultural exports. Agricultural products must meet global parameters to facilitate access to international markets, including markets opened through free trade agreements. Food processing, export-oriented farm production, and global branding of traditional cuisine, millets, spices, fruits and flowers are identified as important elements of agriculture and food production policy.
August 15, 2026
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Voluntary foreign asset disclosure allows eligible taxpayers to regularise overseas holdings with immunity from further tax, penalties and prosecution.
FAST-DS permits eligible taxpayers to disclose specified undisclosed foreign assets, foreign income, and foreign assets omitted from return schedules. Undisclosed assets or income not previously offered to tax may be declared up to Rs 1 crore on payment of an effective 60 per cent levy, based on fair market value as of 31 March 2026. Assets already offered to tax, or acquired during non-resident status but omitted from the return schedule, may be declared up to Rs 5 crore on payment of a fee. Valid declarations provide immunity from further tax, penalty and prosecution, while declared amounts are excluded from total income.

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Customs & Trade

Innovation Engine Drives Global Expansion: Baida Popping Leads the Industry Towards Premium Quality

November 12, 2025

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CHAOZHOU, China, Nov. 12, 2025 /PRNewswire/ -- Against the backdrop of the global food industry's ongoing pursuit of healthier, more engaging, and premium transformations, Guangdong Shantai Food Co., Ltd. (hereinafter referred to as "Shantai Family ")—a comprehensive snack food enterprise integrating R&D, production, and sales—has consistently pursued a dual strategy of "Technology + Creativity." Through continuous product innovation and the expansion of its international market presence, Shantai has steadily enhanced its core brand competitiveness. In the first half of 2025, Shantai successively participated in multiple important domestic and international industry exhibitions, including the 112th National Food and Drinks Trade Fair, the 137th China Import and Export Fair, the SIAL Shanghai, and the 3rd Guangdong (Chaozhou) Specialty Food Industry Conference,THAIFEX-ANUGA ASIA 2025 and World Food Moscow. It comprehensively showcased a series of innovative products centered around "the third-generation popping candy technology", fully demonstrating the innovative vitality and manufacturing excellence of Chinese food enterprises. This attracted widespread attention and partnership interest from numerous professional buyers, distributors, and consumers both domestically and internationally, further enhancing the brand's influence and market reputation.

Innovative product system and diversified consumption scenarios Amid evolving consumption patterns and increasing segmentation in the snack industry, Shantai has systematically built a comprehensive product matrix—spanning six categories and 48 flavors—based on its self-developed "third-generation popping candy technology." This diversified portfolio addresses various niche demands, including sugar-free options and oat-based healthy ingredients, featuring products such as classic popping candy, milk stick candy, popping stick candy, and popping balloons. An interactive experience zone set up at the exhibition attracted numerous industry professionals and international buyers.

The new-generation Baida popping, with its unique bubble-activation technology, delivers a multi-layered sensory experience—ranging from gentle "sparkling pops" to intense "explosive jumps"—significantly enhancing the product's playfulness and memorability.

Additionally, Shantai has launched new series such as "Sour Series" and "Cooling Sensation" to cater to regional consumer preferences, further diversifying the sensory experience. Innovative derivative products like "Popping Chocolate Sticks" have also received positive feedback from distributors and international buyers for their fun texture and chewiness.

At the exhibitions, many overseas purchasers engaged in in-depth discussions with Shantai's sales and international trade teams, conducting substantive negotiations on import policies, customized cooperation, and logistics support. These interactions demonstrated the strong acceptance and business potential of Shantai's products in global markets.

A century of heritage lays the foundation for a secure, stable, and flexible supply chain Since its founding in Chaozhou in 1917, Shantai has been passed down through four generations, evolving from a traditional handmade confectionery workshop into a modern food enterprise now recognized as both a "Guangdong Time-honored Brand" and a National High-Tech Enterprise. The company places strong emphasis on quality control and standardization, having established two modern production bases with a total area exceeding 20,000 square meters. Production workshops are strictly designed and managed in compliance with the 100,000-class GMP cleanliness standard. Since 2004, Shantai has obtained multiple international food safety certifications—including HACCP, ISO 22000, IFS, BRC, HALAL, KOSHER, and SMETA—and implemented a comprehensive quality control system covering the entire process from raw material sourcing and production to finished product delivery.

On the technical front, Shantai remains committed to in-house development of key equipment and continuous improvement of production processes. Its third-generation popping candy maintains the signature popping experience while achieving a breakthrough in heat resistance of up to 52°C, significantly enhancing the product's climate adaptability and logistics reach. Even in high-temperature and high-humidity regions, it retains stable performance. Currently, the company's annual production capacity exceeds 5 billion packs, with products exported to over 100 countries and regions worldwide. Shantai has become a long-term supplier for numerous international snack brands and retail chains.

Additionally, leveraging 9 self-developed production lines, 20 high-speed automated packaging lines, and a flexible manufacturing system, the company has established a structured product portfolio covering 48 base flavors and numerous customizable options. This system supports diverse product demands—including sugar-free and low-calorie health-oriented concepts.

Through a database of 11 standard product formats and a 72-hour rapid sampling response mechanism, Shantai offers highly customized OEM/ODM solutions, helping brand clients efficiently transition from product concept to mass production. This strengthens its position as a global hub for manufacturing and innovation in popping candy.

In 2023, Shantai was recognized as a "National High-Tech Enterprise," and in 2025, it was again listed among Chaozhou's first batch of AEO-certified enterprises—further demonstrating its excellence in technological innovation and international trade compliance.

Eco-Synergistic strategic layout for global markets Facing the new trends of channel fragmentation and consumption stratification in the snack industry, Shantai strategically enhanced its channel development and brand partnership initiatives in 2025.

In traditional retail and convenience store channels, the company enhanced product visibility and repurchase rates by optimizing packaging and display layouts for its classic items. For emerging brand snack collective stores, Shantai launched multi-size, cost-effective product series, maintaining quality while effectively controlling retail prices to expand reach among younger consumers.

Additionally, customized theme collections compatible with PDQ (Product Display Quickly) systems were developed for membership stores and hypermarkets. These initiatives leveraged the display advantages of such channels to enhance brand visual impact and drive experiential purchasing.

Mr. Hong Yonghong, General Manager of Shantai, stated in an interview that participating in international exhibitions is not only a platform to showcase products and technologies, but also a key initiative to deeply connect with global supply chain partners and co-create an industry ecosystem.

During the series of exhibitions in the first half of the year, Shantai's booth received industry professionals from East Asia, Southeast Asia, the Middle East, Europe, the United States, and other regions. Extensive discussions were held regarding distribution agreements, technology licensing, and joint product development, laying a solid foundation for further expanding the international market and optimizing regional presence.

Looking ahead, Shantai will remain committed to its strategic vision of "Building the World's Most Enjoyable Food Enterprise," by increasing R&D investment and advancing intelligent manufacturing and digital transformation. While consolidating its leading position in the popping candy category, the company will steadily expand into broader snack food segments.

By integrating consumption scenario innovation, flavor science, and health considerations, Shantai is committed to delivering more innovative products that combine fun and high quality to global consumers. Together with value-chain partners, it aims to build a sustainable and mutually beneficial industrial ecosystem.

(Disclaimer: The above press release comes to you under an arrangement with PRNewswire and PTI takes no editorial responsibility for the same.). PTI PWR

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