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    Rupee settles 3 paise higher at 95.71 against US dollar
    29 FDI Investments Worth ₹4,895.65 Crore Reported Under Revised Framework
    India and ADB sign $230 million loan to modernise water supply and sanitation in Chennai
    DGGI unearths clandestine pan masala and tobacco manufacturing network in Uttar Pradesh; 27 undeclared pouch-packing machines seized, evasion of about...
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August 21, 2026
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Rupee exchange-rate movement reflected geopolitical tensions, crude oil conditions and market intervention, while export payment rules expanded rupee invoicing.
Foreign Trade Policy amendments facilitate export invoicing and receipt of payments in Indian rupees. For exports to countries outside the Asian Clearing Union, export contracts and invoices may be denominated in Indian rupees or any foreign currency. The earlier general requirement that export earnings be received in a freely convertible currency is thereby eased, while applicable rules continue to vary according to destination.
August 21, 2026
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Non-controlling land-bordering country ownership permits eligible foreign investment through the automatic route, subject to sectoral conditions and reporting.
Foreign direct investment may use the automatic route where non-controlling beneficial ownership from a land-bordering country in the investor entity does not exceed 10%, subject to sectoral caps, entry routes and other applicable conditions. The beneficial ownership test applies at the investor-entity level. Eligible investors need not obtain separate prior Government approval after reporting relevant information to the Government. The framework replaces the earlier approval requirement applicable even to minimal beneficial ownership from land-bordering countries.
August 21, 2026
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Climate-resilient urban water security modernises Chennai's supply and sanitation systems through ring-main infrastructure, digital monitoring, and safer sewer operations.
Chennai Climate-Resilient Water Security and Sewerage Project modernises and expands water supply and sanitation infrastructure through a loan arrangement between the Government of India and the Asian Development Bank. Measures include new pipelines, upgraded pumping stations, performance-based utility operations, and a comprehensive ring-main system to improve water-pressure balance, distribution efficiency, reliability and climate resilience. Digital monitoring and advanced blockage-detection technology are intended to improve operational decisions, customer responsiveness and worker safety while eliminating hazardous manual sewer inspections.
August 21, 2026
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Capacity-based taxation targets undeclared pouch-packing machinery used for clandestine pan masala and tobacco production and untaxed clearances.
Capacity-based taxation of pan masala and specified tobacco products is determined by the number, type and capacity of installed pouch-packing machines. Searches at interconnected manufacturing and trading premises detected unregistered operations using undeclared machinery for clandestine manufacture and clearance of pan masala, scented jarda and gutkha without payment of GST, HSNS cess and central excise duty. Finished goods, raw materials, packing materials and machinery were seized. The manufacturing firm's proprietor was prima facie identified as managing the operation and was arrested under the applicable cess and central excise laws.
August 21, 2026
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Technology risk oversight requires Urban Co-operative Banks to retain accountability while building shared and role-specific capabilities.
Urban Co-operative Banks must strengthen digital and risk-management capabilities as technology dependence exposes them to cyber threats, fraud, service-provider failures and common-platform vulnerabilities. Outsourcing critical systems does not transfer the bank's responsibility for oversight, safeguards and continuity. Boards and senior management must retain sufficient knowledge to supervise external providers effectively. Mission SAKSHAM supports role-specific, continuous capability building through physical and online learning, while collective infrastructure and shared expertise can supplement individual institutional capacity.
August 21, 2026
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Foreign exchange market modernisation prioritises delegated decisions, customer transparency, digital workflows, local-currency settlement and accountable risk management.
Foreign exchange market modernisation advances a facilitative, principles-based framework based on delegated decision-making by Authorised Dealers, risk-based reporting, and customer-centric service standards. Authorised Dealers must apply clear internal policies, avoid unnecessary documentation, disclose charges, timelines and grievance mechanisms, and ensure consistent treatment of comparable transactions. Local-currency settlement requires viable trade corridors, competitive hedging, correspondent relationships and robust AML/CFT controls. Digital workflows, electronic trading and reporting infrastructure should improve transparency and resilience, while automated tools remain subject to explainability, review and data-protection safeguards.
August 21, 2026
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Sugar price containment measures restrict stockholding, permit duty-free imports, and strengthen inventory verification to deter hoarding.
Sugar price containment measures include stock limits for dealers, consumption-based inventory restrictions for bulk consumers, duty-free raw sugar imports, and physical verification of mill stocks to prevent hoarding and artificial scarcity. Price increases are attributed to lower domestic output, festive demand, crop damage, tighter global supplies, and speculation rather than sugar diversion for ethanol. Earlier crushing is advised to improve seasonal availability, while the ethanol programme supports management of sugar surpluses, mill liquidity, and timely sugarcane payments.
August 21, 2026
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Cross-border insolvency enforcement constrains asset recovery as Evergrande liquidation, founder asset confiscation, and audit-related claims continue.
Evergrande's insolvency process involves liquidation proceedings for its mainland property-development unit and its Hong Kong-listed holding company. Cross-border recovery is constrained by separate Hong Kong and mainland China legal systems, particularly because most operational assets are located in mainland China. Liquidators are pursuing asset-tracing and recovery measures against the founder and connected persons, as well as claims concerning pre-collapse audits. Investigations identified revenue overstatement through manipulated financial data. Creditor recoveries are expected to be limited due to substantial liabilities and constraints on asset realisation.
August 21, 2026
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Foreign exchange reserves rose through higher currency assets and gold holdings amid measures to attract external forex inflows.
India's foreign exchange reserves increased during the reporting week, led by higher foreign currency assets and gold reserves. Foreign currency assets include the dollar-value effects of movements in non-US currencies held as reserves. Special drawing rights declined marginally, while the reserve position with the International Monetary Fund increased marginally. Concessional swap arrangements formed part of measures to attract foreign-exchange inflows, while earlier reserve movements were linked to rupee pressure and dollar-sale intervention in the foreign-exchange market.
August 21, 2026
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Incremental tariff recovery aligns airport user charges with completed infrastructure, preventing passengers from funding non-operational capital projects prematurely.
User development fees and airport tariffs for Bengaluru International Airport have been revised for the April 2026 to March 2031 control period. The incremental Average Revenue Requirement framework excludes costs of identified high-value capital projects from tariffs until the relevant assets are completed, commissioned and available for users. Incremental tariff recovery may begin only upon operational availability, aligning charges with infrastructure use, reducing premature recovery risk for passengers and airlines, and encouraging timely completion of major capital works.
August 21, 2026
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Customer experience analytics enables banks to convert real-time feedback into operational improvements across high-value customer journeys.
Customer experience analytics is used in banking to transform customer data and real-time feedback into operational improvements across key customer journeys. Operational teams retain responsibility for strategy and execution, supported by in-house analytics and technology platforms for multi-channel journey mapping, journey analytics and prioritisation of high-value customer segments. AI-driven customer experience management tools capture customer signals, analyse journey performance and operationalise actionable insights across teams.
August 21, 2026
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Predicate-offence dependency limits retrospective addition of old FIRs to preserve money-laundering proceedings after the original scheduled offence is closed.
Predicate-offence dependency under the Prevention of Money Laundering Act requires an ECIR to rest on a subsisting scheduled offence. Closure of the FIR forming its basis through an accepted cancellation report prevents continuation of money-laundering proceedings unless that closure is overturned. A previously registered FIR cannot be belatedly added merely to preserve an existing ECIR and coercive powers. Where statutory requirements are met, an independently registered ECIR may be required. Expansion of an ECIR cannot rest solely on tenuous factual links between successive disputes.
August 21, 2026
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Indian rupee export invoicing rules now permit overseas contracts and invoices in rupees or foreign currency for eligible destinations.
Foreign Trade Policy provisions were amended to facilitate invoicing of overseas exports and receipt of export payments in Indian rupees. For exports to countries outside the Asian Clearing Union, export contracts and invoices may be denominated in Indian rupees or any foreign currency, replacing the earlier general requirement that export earnings be received in a freely convertible currency. The applicable requirements vary according to the destination country.
August 21, 2026
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Dealer inventory financing supports working-capital flexibility, vehicle inventory management and electric-vehicle network expansion for authorised dealers.
Dealer inventory financing is to be provided by Federal Bank to VinFast India's authorised dealer network under a memorandum of understanding. The tailored financing is intended to improve dealers' working-capital flexibility, support maintenance of vehicle inventory, strengthen operational capability, and enable timely response to demand as the electric-vehicle distribution network expands.
August 21, 2026
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Sugar supply pressures drive festive-season price increases as imports, stockholding limits and ethanol diversion shape market conditions.
Sugar prices in Bengal have risen sharply ahead of the festive season, with higher prices also affecting jaggery and other sugar-derived products. Supply constraints, mill stock releases, lower production in Brazil, ethanol diversion and possible hoarding have been identified as contributing factors. Raw-sugar imports have been permitted to augment availability, while stockholding restrictions limit inventories of specified bulk consumers. Lower projected closing stocks and possible future production effects from El Nino may sustain pressure on sugar availability and increase costs for sweetmeat producers.
August 21, 2026
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Foreign currency inflows and FCNR(B) deposits supported rupee sentiment, while oil prices and geopolitical risks constrained currency strength.
The rupee strengthened marginally against the US dollar as the dollar index softened, but elevated crude oil prices, geopolitical uncertainty, reduced foreign participation and net foreign equity outflows constrained currency sentiment. RBI measures to attract foreign currency inflows, including FCNR(B) deposits, were expected to generate substantial inflows, although these had not produced meaningful rupee strength. Energy-market disruption and restrictions on fuel exports through the Strait of Hormuz added to external-sector pressures.
August 21, 2026
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Sovereign security production priorities emphasise compliance, modernisation, employee innovation and operational excellence across currency, passport and coinage manufacturing.
SPMCIL performs a sovereign production mandate covering secure currency, coinage, passports and other products of national importance through its mints, currency presses, security presses and paper mill. Modernisation, compliance, transparency, efficiency, productivity, quality and corporate governance support the fulfilment of sovereign requirements. Individual employees and units were recognised for performance in productivity, environment and safety, energy conservation, knowledge and development, vigilance, and official-language implementation.
August 20, 2026
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Customs enforcement against suspected gold smuggling leads to baggage seizure and apprehension of the alleged intended receiver.
Customs officers intercepted an arriving passenger at the green channel on intelligence inputs and examined baggage after X-ray screening indicated suspicious images. The examination recovered two oval capsules containing gold paste concealed in the baggage. Interrogation indicated that an alleged receiver was waiting outside the airport to collect the suspected smuggled gold. Customs officers apprehended the alleged receiver, and further investigation remains underway.
August 20, 2026
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Provincial alcohol sales restrictions remain subject to economic impact assessment under proposed bilateral trade agreement negotiations.
Provincial control over alcohol distribution remains distinct from federal trade-making authority. Quebec retains authority over whether United States alcohol is offered through its government-controlled liquor distribution system, despite lacking a veto over a bilateral trade agreement. Federal requests to restore United States alcohol to retail shelves cannot compel provincial action. Proposed trade commitments also concern restrictions on United States agricultural products and Canada's dairy import regime, which applies lower tariffs within designated import volumes and higher duties beyond those volumes.
August 20, 2026
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Electoral-roll verification found no reported cases of specified foreign nationals receiving identity-linked benefits or voter registration.
Electoral-roll special intensive revision recorded no reported cases of Pakistani, Bangladeshi or Iranian nationals obtaining Aadhaar cards, ration cards, other government benefits, or voter registration. Illegal immigrants are identified through police monitoring, intelligence measures, specialised operations and a Special Task Force. Overstayers are recorded through the District Police Module and Foreigners Identification Portal and produced before Foreigners Regional Registration Officer authorities. Persons found to be residing illegally are reported to the concerned central divisions, proceeded against through registered cases, retained pending case disposal and exit permits, and subjected to deportation steps.

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Customs & Trade

Techtextil India 2025: Weaving India's Journey Toward Global Functional Textile Leadership

November 13, 2025

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Mumbai, Maharashtra, India – Business Wire India In line with India’s growing momentum to establish itself as a global textile manufacturing powerhouse, Techtextil India 2025, the country’s foremost B2B exhibition on technical textiles, nonwovens and composites, is set to return with an expansive and future-ready edition. Scheduled from November 19 to 21, 2025, at the Bombay Exhibition Centre, Goregaon, Mumbai, the 10th edition will feature over 215 exhibitors, including more than 100 first-time participants. According to the Ministry of Textiles, India’s technical textiles exports stood at USD 2.92 billion in FY 2024–25, underscoring the sector/s growing global footprint. Packtech at 37.5% and Indutech at 28% emerged as the leading export categories, reflecting strong demand across industrial and packaging applications. With exports to the UK valued at USD 136 million, accounting for a 4.7% share, the data highlights India’s strengthening position in global value chains – setting the stage for platforms like Techtextil India that drive innovation, business and exchange of scientific knowledge for this high-growth segment. The expo will house 500+ products and 300+ brands with international participation from Belgium, Germany, Hong Kong, Italy, Japan, Sweden and the USA. The integration of advanced manufacturing technologies, sustainability practices, focus on circularity and innovative fibers has become a necessity. Techtextil India 2025 plays a crucial role in driving this evolution by bringing together stakeholders across the value chain, fostering dialogue on policy and technology and accelerating industry-wide transformation. This year, the show takes a significant leap forward with its multi-functional approach, integrating new features under one roof — the Dornbirn Global Fiber Conference Asia, which will be held on 18th November 2025, the launch of Sporttech Pavilion, the feature of German Pavilion and a Techtextil India conference powered by Indian Technical Textile Association (ITTA). Together, these additions will enable participants to explore advanced applications of technical textiles across various sectors, including sports, automotive, defence, healthcare, construction, and sustainability. India’s textile industry is undergoing a transformative shift driven by government reforms and industry-led innovation. Acknowledging the sector’s pivotal role in the national economy, the Ministry of Textiles has recently introduced significant amendments to the Production Linked Incentive (PLI) Scheme for Textiles, with a focus on revitalising the man-made fiber (MMF) and technical textiles segments. The revision aims to enhance ease of doing business, attract new investments and generate employment, while aligning with the government’s broader vision of ‘Make in India’ and ‘Atmanirbhar Bharat’. These progressive measures underline the government’s commitment to fostering innovation, investment and employment generation within the sector — setting the stage for India to emerge as a global leader in high-performance textile manufacturing. Commenting on the upcoming edition, Mr Raj Manek, Executive Director and Board Member, Messe Frankfurt Asia Holdings Ltd, stated: “The Indian textile industry is witnessing a remarkable transformation driven by government support, technological innovation and global demand for sustainable materials. Techtextil India 2025 will not only showcase the latest in technical textiles and nonwovens but also serve as a knowledge-driven hub connecting policy with practice. Our new initiatives – the Dornbirn Global Fiber Conference Asia, Sporttech Pavilion, German Pavilion and ITTA Technical Textiles Seminar – align perfectly with the nation’s textile growth mission, enabling participants to explore next-generation materials, solutions and business collaborations. We are proud to support India’s vision of becoming a global textile powerhouse.” The Dornbirn Global Fiber Conference Asia, which is known for its focus on research-driven fiber innovation, will make its India debut, just a day before the expo on 18th November 2025, at Bombay Exhibition Centre, Mumbai, marking a perfect prelude for Techtextil India 2025. On 19th November 2025, the Techtextil Symposium will feature various knowledge sessions under themes like ‘Smart Solutions for Key Segments of Technical Textiles,’ organised by the Indian Technical Textile Association (ITTA). Focusing on innovations and practical applications in geotextiles, agrotextiles and industrial textiles, this will provide a platform to interact with leading experts. On Day 3, the conference organised by the Society of Plastics Engineers (SPE) India will explore ‘Creating Tomorrow’s Circular Supply Chains: Technology, Collaboration & Capital for Tech Textiles and Plastics.’ The show will present credible developments in the fabrics for sports and activewear (Sporttech) category, leading to a dedicated Sporttech Pavilion organised in partnership with Concept N Strategies. A dedicated conference titled – ‘India’s activewear revolution scaling without compromise: Building a 360-degree ecosystem for premium, high-quality active wear that competes globally’ will spotlight high-performance fabrics and materials revolutionising sportswear and outdoor applications. The show will also house a conference on recycling, ‘Creating tomorrow’s circular supply chains: Technology, collaboration and capital for textiles and plastics.' Besides these key features, the expo has seen an expansion into Mobiltech, Buildtech and Oekotech segments. Through these categories, the exhibition aims to connect manufacturers, technology providers, investors and policymakers under one unified platform to share insights, explore business opportunities and discuss the future of advanced textile materials. The event’s focus on innovation, sustainability and collaboration complements the national agenda of achieving self-reliance and global competitiveness in textiles. The show will have the presence of key domestic industry leaders, including Aditya Birla Yarns, Khosla Profil, Park Nonwoven, Pidilite, Reliance, Welspun, Sanathan Textiles, Sarex Chemicals, and Suntech Geo. Meanwhile, the international exhibitors include ACM, Inc., Autefa Solution Germany GmbH, Bettarini & Serafini SRL, Brückner Textile Technologies GmbH & Co. KG, Georg Sahm GmbH & Co. KG, Innovatec Microfiber Technology GmbH & Co. KG, Procotex, Pulcra Chemicals GmbH, R&M International Sales Corporation, Reifenhäuser Enka Tecnica GmbH, Ring Maschinenbau GmbH, STC Spinnzwirn GmbH, Textechno Herbert Stein, VEIT Hong Kong Limited and Zoltek. As high-value, sustainable and globally competitive textile production is receiving renewed focus, the synergy between government initiatives and industry platforms such as Techtextil India 2025 will continue to strengthen India’s leadership in the global textile landscape. The show has become synonymous with India’s textile ambition — weaving together innovation, collaboration and opportunity to create a more resilient, future-ready industry. The expo has garnered support from key industry bodies, including the Manmade & Technical Textiles Export Promotion Council (MATEXIL), Indian Technical Textile Association (ITTA), Department of Textiles (Government of Maharashtra), while the Dornbirn Global Fiber Conference has garnered support from the Government of Tamil Nadu as the Partner State. Techtextil India is part of Messe Frankfurt’s Texpertise Network. Press information and photographic material: www.techtextil-india.in.messefrankfurt.com For more information about the international textile sector and Messe Frankfurt's global textile events visit: www.texpertise-network.com Background information on Messe Frankfurt www.messefrankfurt.com/background-information Sustainability at Messe Frankfurt www.messefrankfurt.com/sustainability-information For More Updates, follow us on: www.linkedin.com/showcase/texpertise-network https://www.instagram.com/techtextil_india/ https://www.facebook.com/techtextilIND https://www.linkedin.com/showcase/techtextil-india/ To View the Image, Click on the Link Below: Techtextil India 2025 to be held at Bombay Exhibition Centre, Mumbai from 19 – 21 November 2025 (Disclaimer: The above press release comes to you under an arrangement with Business Wire India and PTI takes no editorial responsibility for the same.). PTI

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