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    Compounded annual growth rate of Manufacturing GVA at constant prices (2022-23 base) as per revised series during 2022-23 to 2025-26 is 10.88%
    National Company Law Tribunal (NCLT) Launches e-Inspection and e-Certified Copy Services
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August 13, 2026
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Manufacturing GVA growth under the revised national accounts series highlights stable sectoral contribution and resilience-focused industrial measures.
Manufacturing performance is assessed under the revised National Accounts Statistics series using 2022-23 as the base year. Manufacturing's share of total Gross Value Added at current prices remained broadly stable through 2025-26, and Manufacturing GVA at constant prices achieved a compounded annual growth rate of 10.88% from 2022-23 to 2025-26. Production Linked Incentive schemes, logistics and industrial-corridor measures, semiconductor initiatives, and MSME support seek to strengthen domestic manufacturing, diversify supply chains, reduce import dependence, and improve resilience.
August 13, 2026
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Electronic inspection and certified copies expand digital access to judicial records while supporting efficient case management and reduced delays.
NCLT has launched e-Inspection and e-Certified Copy Services for faster and more convenient access to judicial records and certified copies by advocates, litigants and other stakeholders. The services support a technology-enabled Registry framework and transparent, efficient justice delivery. Pendency monitoring, workload redistribution, Special Benches, maximisation of court time, and registration and listing guidelines are intended to improve case management, optimise limited judicial resources and reduce avoidable delays.
August 13, 2026
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CBDC-based food subsidy transfers enable eligible beneficiaries to use Digital Rupee wallet credits for traceable foodgrain purchases.
CBDC-based Direct Benefit Transfer under the Pradhan Mantri Garib Kalyan Anna Yojana will credit eligible beneficiaries' food subsidies as programmable Digital Rupee tokens directly into CBDC wallets. Beneficiaries may use these credits to purchase foodgrains from empanelled merchants through secure, real-time and traceable payments, replacing conventional bank-account transfers. The model is intended to improve traceability, reduce leakages and cash handling, enable real-time monitoring of subsidy use, and provide a scalable framework for CBDC integration with welfare schemes.
August 13, 2026
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Preferential trade agreement negotiations begin under agreed terms covering market access, origin rules, trade remedies and dispute settlement.
India and the Southern African Customs Union have signed Terms of Reference to commence negotiations for a Preferential Trade Agreement. Negotiations are envisaged on trade in goods and market access, rules of origin, customs procedures and trade facilitation, trade remedies including bilateral safeguards, sanitary and phytosanitary measures, technical barriers to trade, dispute settlement, and legal and horizontal provisions. The Terms of Reference establish the negotiating framework only; preferential tariff treatment and other operative commitments depend on conclusion of a final agreement.
August 12, 2026
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Bharti Airtel has discontinued prepaid plans combining 1.5 GB daily data allowances with unlimited calling, directing subscribers towards higher-priced plans with expanded data access, including unlimited 5G data. The restructuring reduces low-priced unlimited-data offerings and changes the pricing architecture for customers using discontinued mid-tier plans. Management links tariff repair to differentiated mobile-plan categories and sustained average revenue per user growth.
August 12, 2026
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Insolvency professional conduct faces money-laundering allegations over re-admitted claims, creditor committee changes, and a connected resolution applicant.
Enforcement action under the Prevention of Money Laundering Act concerns allegations that an insolvency professional re-admitted claims earlier rejected as spurious and fraudulent during the Corporate Insolvency Resolution Process. The alleged re-admission altered the Committee of Creditors' composition and facilitated consideration of a resolution plan allegedly submitted for, and funded through an entity controlled by, a company promoter under investigation for diversion of bank-loan funds. Adverse findings reportedly included acting beyond authority by relying on fabricated and improperly submitted material.
August 12, 2026
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Identity document forgery allegations prompt investigation into fraudulent Aadhaar updates and falsified government and educational certificates.
Alleged forgery and misuse of identity-related records are under investigation following operations at Aadhaar centres. Seized materials reportedly include forged birth, educational, residence, caste and citizenship certificates, records bearing forged signatures and seals, and equipment used for Aadhaar updates. Four persons were arrested in two operations for allegedly preparing forged records and using them to update Aadhaar cards. Cases have been registered under relevant provisions of the Bharatiya Nyay Sanhita, with investigation continuing into the extent of the alleged network.
August 12, 2026
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Holding-company governance succession follows leadership departure, requiring transition planning amid unresolved strategy, capital allocation, board representation and listing questions.
Tata Sons' leadership succession and governance framework have become central following the chairman's decision not to seek reappointment when his term ends in February 2027. The board has been asked to decide on a successor promptly. Unresolved matters include the strategic roadmap, losses and capital requirements in newer businesses, board representation, capital allocation, an exit route for the Shapoorji Pallonji Group, and the possible listing of Tata Sons. Future leadership must manage these issues while improving returns from investment-intensive businesses and maintaining established operations.
August 12, 2026
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Interest-rate regulation for loans and advances proposes harmonised fixed and floating loan-pricing principles across regulated entities.
Interest-rate regulation for loans and advances is proposed to be harmonised across all regulated entities through a principles-based framework for fixed-rate and floating-rate loans. The framework would be calibrated to each entity's nature, complexity and scale, while supporting monetary policy transmission, credit-risk-based pricing, and fair, non-discriminatory borrower treatment. It addresses divergent commercial-bank practices in determining the marginal cost of funds-based lending rate and its components, alongside limited regulatory coverage of fixed-rate loans. Separate final directions are intended for each category of regulated entity after consideration of feedback.
August 12, 2026
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Elevated crude oil prices and Tata leadership transition drove broad equity market selling amid inflation concerns.
Indian equity markets declined amid elevated crude oil prices, inflation concerns and broad risk-off selling. Tata Group shares, particularly TCS, came under pressure after N. Chandrasekaran announced that he would not seek reappointment as Tata Sons Chairman when his current term ends. Crude oil prices approaching the USD 90-per-barrel level affected investor confidence because of potential inflationary effects, while uncertainty over United States-Iran negotiations and Strait of Hormuz shipping disruptions added to global energy market concerns.
August 12, 2026
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Trade sovereignty and energy security underpin calls to resist tariff pressure and protect sensitive sectors in bilateral negotiations.
Trade sovereignty and energy security are advanced as grounds for resisting tariff pressure linked to Indian purchases of Russian crude. Bilateral trade negotiations should proceed through equality, reciprocity and mutual respect without compromising agriculture, dairy, energy security or strategic autonomy. Concerns are also raised over removal of e-commerce inventory restrictions for foreign direct investment and over proposed Merchant Discount Rate charges on UPI transactions. Withdrawal of the inventory measure and opposition to payment-provider charges are urged, alongside possible restrictions on United States technology and social-media companies and consumer boycotts of American goods and services.
August 12, 2026
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Fair trading practices and circular production are promoted to strengthen Make in India and expand global market participation.
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Judicial allowance exemptions under the new tax regime remain disputed, with return processing and resulting demands kept in abeyance.
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Compressed biogas development converts organic waste into cleaner fuel, rural income and reduced dependence on imported fossil fuels.
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August 12, 2026
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Money-laundering investigation into alleged liquor-sale proceeds led to arrest and custodial questioning amid contested political allegations.
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Customs & Trade

Aficionados fret as Trump moves to make pasta great again

November 15, 2025

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Philadelphia, Nov 15 (AP) Steel: 50 per cent. Copper: 50 per cent. Cars: up to 25 per cent. But an even bigger Trump-era levy looms: 107 per cent on Italian pasta.

Mamma mia.

It started with the US Commerce Department launching what it says was a routine antidumping review, based on allegations Italian pasta makers sold product into the US at below-market prices and undercut local competitors. That has led to a threat of 92 per cent duties, which would come on top of the 15 per cent tariff President Donald Trump's administration imposed on European exports generally.

The news sent shockwaves through Italy, where 13 producers would be subject to the whopping one-two punch. They say sales in their second biggest export market would shrivel if prices to American consumers more than double. And while the measure would hardly prompt pasta shortages, it still has perplexed importers like Sal Auriemma, whose shop in Philadelphia's Italian market, Claudio Specialty Food, has been operating for over 60 years.

“Pasta is a pretty small sector to pick on. I mean, there's a lot bigger things to pick on," said Auriemma, pointing to luxury items as an alternative.

But pasta? “It's basic food,” he said. "Something's got to be sacred.” Pasta adds heft to Italy's economy ------------------------------------- Italy is a nation of avid pasta eaters. Less known is that most of the tortellini, spaghetti and rigatoni its factories churn out gets sent abroad. The US accounts for about 15 per cent of its USD 4.65 billion in exports, making it Italy's largest market after Germany, data from farmers' association Coldiretti show.

The punitive pasta premium has become a cause célèbre for Italy's politicians, executives and economists. Agriculture Minister Francesco Lollobrigida told lawmakers in mid-October that the government was working with the European Commission and engaging in diplomatic efforts, while supporting the companies' legal actions to oppose US sanctions.

EU Trade Commissioner Maros Sefcovic addressed reporters in Rome last month, stressing the lack of evidence backing the US decision and calling the combined 107 per cent levy “unacceptable.” Margherita Mastromauro, president of the pasta makers sector of Unione Italiana Food, told The Associated Press that prices for Italian pasta in the US remain high, and certainly higher than American-made rivals — undermining any dumping claim.

She said that the measures could deal a fatal blow to small- and medium-sized producers. Lucio Miranda, president of consultancy group Export USA, agreed.

“A duty rate of 107 per cent would definitely kill this flow of export,” Miranda, who is Italian, said by phone from New York. “It's not going to be something that you can just dump on the consumer and move on, life continues. It will definitely be a deal killer.” Wacky Mac owner cries foul ------------------------------ The Commerce Department's investigation started in 2024 after complaints from Missouri-based 8th Avenue Food & Provisions, which owns pasta brand Ronzoni, and Illinois-based Winland Foods, whose multiple brands include Prince, Mueller's and Wacky Mac.

The office's review focused on La Molisana and Garofalo, chosen as primary respondents because they are Italy's two largest exporters, the Commerce Department said in an emailed statement. Any sale price below either producers' costs or the price they charge in the Italian market would be considered dumping, in line with numerous other reviews of Italian pasta since 1996, it said.

The two companies presented information incorrectly or withheld it, significantly impeding analysis, according to the Commerce Department. And in the face of these alleged deficiencies, the office presented its 92 per cent duty estimate, which it extended to 11 other companies based on an assumption the two companies' behaviour was representative.

“After they screwed up their initial responses, the Commerce Department explained to them what the problems were and asked them to fix those problems; they didn't,” White House spokesperson Kush Desai said in an emailed response to the AP's questions. “And then Commerce communicated the requirements again, and they didn't answer for a third time.” La Molisana declined to comment when contacted by the AP. Garofalo didn't respond to a request for comment.

The sanctions would be applied not just to imports going forward, but also the 12 months through June 2024, according to the Commerce Department. It added that only 16 per cent of total Italian pasta imports may be affected. Its final decision is scheduled for January 2, which could be extended by 60 days.

'Completely senseless' ------------------------ A little over an hour's drive northeast from Naples is Benevento, a sleepy hilltop town of 55,000 people famed for its ancient Roman theater and Aglianico red wine. It's also home to Pasta Rummo, founded in 1846, which prides itself on its seven-phase, “slow work” production method.

CEO Cosimo Rummo is outraged by the threat to his company's annual 20 million euros in exports to the US.

“These tariffs are completely senseless,” Rummo said in a phone interview. “These are fast-moving consumer goods … Who would ever buy a pack of pasta that costs 10 dollars, the same price as a bottle of wine?” He added that he has no intention to start producing pasta stateside, as some companies have done and so would be spared the prospective levy. That includes Barilla, which for decades has been the main Italian pasta brand in the US and now has large-scale production facilities there.

An unsavoury prospect ------------------------- When the transatlantic imbroglio started simmering, Robert Tramonte of Arlington, Virginia sought assurances. The owner of The Italian Store called his supplier, who told him there's enough pasta inventory stocked in the warehouse to keep prices steady until Easter.

Tramonte's clients count on him for top-shelf product and he was relieved that, at least for the time being, they won't have to shell out for the real deal. Or worse -- perish the thought! -- purchase made-in-America pasta.

“They've tried to make Italian products and use the same ingredients, but the source wasn't Italy,” he said. “And they just didn't taste the same.” (AP) RD RD

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