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    Government Expands FTAs, Export Promotion Measures to Diversify Export Markets
    PLI Schemes Attract Over ₹2.40 Lakh Crore Investment, Generate More Than 14.15 Lakh Jobs
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    July 21, 2026
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    Free trade agreements and e-commerce export reforms expand preferential market access, address non-tariff barriers, and support small exporters.
    Export market diversification is advanced through trade agreements, export-promotion measures and capacity building. Free Trade Agreements seek preferential market access, increased trade and investment, and support for labour-intensive exports, while technical barriers to trade provisions and engagement mechanisms address standards, regulatory requirements and non-tariff barriers. Cross-border e-commerce exports are supported through trade-finance and compliance assistance, E-Commerce Export Hubs, District Export Hubs, simplified courier-export procedures, reverse-logistics facilitation, logistics planning, duty-and-tax remission, and MSME export facilitation.
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    Production Linked Incentive Schemes strengthen domestic manufacturing through investment support, export growth, employment generation, monitoring and eligibility reforms.
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    July 21, 2026
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    Separate corporate insolvency processes remain contested over foreign asset treatment, specialised resolution needs, and creditors' commercial decision-making.
    Separate corporate insolvency resolution processes for VIL and VOVL are disputed following reversal of an earlier consolidation direction. Independent processes were preferred because the entities operate in distinct sectors and may require specialised resolution, while creditors' choice was treated as commercial wisdom not ordinarily open to tribunal interference. The dispute also concerns whether foreign oil and gas assets should be treated as VIL assets, against the background of VIL's conversion from co-obligor to corporate guarantor to ring-fence those assets from domestic business liabilities.
    July 21, 2026
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    Drone technology collaboration promotes joint manufacturing, technology transfer, rural entrepreneurship and global market access through an integrated industrial ecosystem.
    India-Russia industrial collaboration in drone technology is proposed through engagement on technology transfer, joint manufacturing, research collaboration, investment, exports and global market access. Drone City is presented as an integrated ecosystem covering manufacturing, research and development, testing, certification support, skill development, incubation, warehousing, startup acceleration and international technology partnerships. Its expansion and panchayat-level entrepreneurship programme are expected to create rural drone enterprises and employment in manufacturing, component production, quality control, maintenance, logistics and technical support.
    July 21, 2026
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    WTO trade policy review will assess India's trade measures, transparency framework, reforms, and responses to member questions.
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    July 21, 2026
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    Fisheries subsidy disciplines promote sustainable marine resource use while excluding aquaculture and inland fisheries from their scope.
    The WTO Agreement on Fisheries Subsidies disciplines subsidies concerning marine wild-capture fishing and fishing-related activities at sea. It prohibits subsidies linked to illegal, unreported and unregulated fishing and fishing of overfished stocks, promoting conservation and sustainable use of marine resources. Aquaculture and inland fisheries remain outside its scope. India's fisheries management framework is identified as supporting implementation while preserving policy space and safeguarding the interests of traditional and small-scale fishers.
    July 21, 2026
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    Revised Index of Core Industries adopts a new base year, adds iron ore, and revises sector measurement methodology.
    The revised Index of Core Industries series adopts 2022-23 as its base year, replaces the former series and expands coverage to nine industries by including iron ore. Steel is measured using gross production data, while only raw coal is retained to avoid double counting. Weights are derived from the corresponding Index of Industrial Production series and normalised to 100. A geometric-mean linking methodology connects the former and revised series. June 2026 provisional estimates show overall year-on-year ICI growth, led principally by iron ore and electricity.
    July 21, 2026
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    Risk-based export controls exposed alleged pharmaceutical diversion, prompting NDPS enforcement against transnational illicit opioid trafficking networks.
    Risk-based export controls and intelligence-led enforcement under the NDPS Act, 1985 addressed an alleged attempt to divert an export consignment of high-strength Tramadol Hydrochloride tablets into illicit international channels. Enquiries with the International Narcotics Control Board and competent authorities indicated that the declared destination had been misrepresented. The action involved seizure of the consignment and arrests of persons alleged to be connected with the export arrangement and conspiracy. The operation emphasises risk-based profiling, export-control scrutiny, intelligence sharing, and international coordination against pharmaceutical diversion and transnational drug trafficking.
    July 21, 2026
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    Trade tariffs on Canadian goods target alleged discrimination against American automobiles, alcohol and dairy products under trade law.
    United States trade action imposes tariffs on most Canadian goods, citing alleged discriminatory treatment of American automobiles, alcoholic beverages and dairy products. The measures apply to goods previously protected under the United States-Mexico-Canada Agreement, subject to exclusions for energy products, potash, fish and critical minerals. The stated grounds include Canadian retaliatory tariffs, restrictions on American alcohol sales, treatment of dairy imports, and tariffs on certain United States motor vehicles outside preferential trade treatment.
    July 20, 2026
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    Foreign exchange market movement saw the rupee depreciate by 6 paise to close at 96.36 against the US dollar, amid global risk aversion, higher crude oil prices, escalating US-Iran tensions and rising US Treasury yields. Market commentary indicated that anticipated Reserve Bank of India intervention could limit further downside. The report also noted a stronger dollar index, domestic equity-market declines, foreign institutional equity outflows, and an increase in India's foreign exchange reserves.
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    July 20, 2026
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    Geographical Indication recognition is being pursued for additional traditional products from Jharkhand to protect product identity and expand protected regional products. GI recognition supports cultural heritage, rural entrepreneurship and market access for artisans and primary producers. Post-registration measures emphasise product-quality maintenance and digital e-commerce access, alongside skill development, marketing initiatives, rural haats and support for non-farm sectors.
    July 20, 2026
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    Banking sector earnings concerns and geopolitical tensions pressured benchmark equities, while broader markets and selected defensive sectors gained.
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    July 20, 2026
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    Internal Ombudsman independence strengthens fair customer grievance resolution, prevents escalation, and drives institutional learning from recurring complaint patterns.
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    July 20, 2026
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    UPI security framework mandates advanced controls, alongside risk-based limits and authentication safeguards to strengthen payment ecosystem resilience.
    Unified Payments Interface is an NPCI-operated payment system authorised under the Payment and Settlement Systems Act, 2007. Cross-border UPI arrangements facilitate person-to-person remittances and person-to-merchant payments through partner institutions in multiple countries. Security measures include risk-based transaction limits, safeguards against unauthorised mobile-number changes and misuse of SMS-based authentication, and enhanced application-security requirements. The Comprehensive UPI Information Security Framework 2025 and Mobile Application Security Framework mandate advanced controls to strengthen UPI ecosystem safety and resilience.
    July 20, 2026
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    Fintech consumer protection strengthens payment security, data safeguards, innovation testing, fraud monitoring, cybercrime reporting, and public awareness mechanisms.
    Fintech regulation and consumer protection are being strengthened through self-regulatory standards, digital payment security controls, personal-data safeguards, regulatory sandbox testing, and cyber-fraud reporting mechanisms. The FinTech self-regulatory organisation framework promotes ethical conduct, market integrity, dispute resolution, transparency, and accountability. Banks must maintain minimum security controls for payment channels, supported by AI and machine-learning fraud monitoring for UPI transactions. Citizens may report cyber incidents and illegal loan apps through designated reporting channels, alongside awareness initiatives on fraud prevention and risk mitigation.
    July 20, 2026
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    Homebuyer order enforcement requires developer to deposit recoverable dues with interest, with imprisonment warned for continued non-compliance.
    Final homebuyer compensation and possession-related directions were enforced by requiring the developer and its officials to deposit the entire recoverable amount with annual interest in the court registry within one week. Existing asset freezes were to continue, and continued non-compliance could lead to imprisonment. The purchasers had obtained final regulatory compensation directions, but execution proceedings, notices and warrants had not resulted in payment or possession. Third-party rights and transfer of possession were restrained pending compliance.
    July 20, 2026
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    Foreign-exchange market pressure weakened the rupee as crude prices, geopolitical risk and dollar strength increased, with intervention offering support.
    Foreign-exchange market movement saw the rupee depreciate against the US dollar amid global risk aversion, higher crude oil prices, geopolitical tensions, and rising US Treasury yields. Reserve Bank of India intervention was identified as a potential support mechanism capable of limiting downside pressure. Higher dollar-index levels, domestic equity-market movements, foreign institutional equity outflows, and an increase in India's foreign-exchange reserves were also noted as relevant market conditions.
    July 20, 2026
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    Parental consent in APAAR enrolment requires a genuine opt-out option and compliance with personal data protection safeguards.
    APAAR consent procedures were questioned because a scheme described as voluntary may effectively require Aadhaar enrolment and condition educational access on an academic identifier. The Orissa High Court direction required the model consent form to give parents an express option to refuse consent or opt out before enrolment. Concerns included informed parental consent, withdrawal of consent, long-term storage of children's educational records and privacy protections. Educational circulars remain subject to the Digital Personal Data Protection Act, and any data-processing framework must comply with applicable consent requirements.
    July 20, 2026
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    Agricultural export facilitation supports frozen potato product market access through trade promotion and state logistics assistance for exporters.
    Agricultural export facilitation supported the first export of frozen French fries from Uttarakhand to Iraq, promoting value-added agricultural exports and processed food market access. APEDA assisted the exporter through international trade exhibitions for buyer engagement and market outreach. Logistics costs affecting landlocked-state exports are being addressed through work on a State Agri Export Policy, including transport assistance provisions to improve competitiveness, strengthen export infrastructure and support participation in export-oriented agricultural supply chains.

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      Hon Gen Vijay Kumar Singh Unveils Bold Blueprint for Blue Economy Growth, Spotlighting North East at ISMA 2025

      November 21, 2025

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      The 12th International Samudra Manthan Awards 2025 organised by the Samudra Manthan Foundation, supported by the Directorate General of Shipping (DGS) under the Ministry of Ports, Shipping & Waterways, Government of India, with Bhandarkar Publications as the Knowledge Partner was held with grandeur and deep national spirit at the Jio World Convention Centre, Mumbai. The ceremony was graced by the Hon’ble General (Dr.) Vijay Kumar Singh, PVSM, AVSM, YSM (Retd.), Governor of Mizoram, who attended as the Chief Guest. Capt. Vivek Bhandarkar, Director of the Samudra Manthan Foundation and CEO of Bhandarkar Publications, opened the 12th International Samudra Manthan Awards 2025 by extending a warm welcome to the Chief Guest.

      In his inspiring address, the Hon’ble Governor spoke with conviction about opportunity which is the single most powerful catalyst capable of transforming both individuals and nations. He noted that while India possesses immense strengths, “our only real gap lies in not striking at the right opportunity at the right time,” a powerful reminder that timing, boldness, and preparedness are indispensable. Drawing focus to India’s Northeast, the Hon Mizoram Governor delivered a stirring pitch highlighting the region’s extraordinary potential, its low power costs, natural abundance, talent-rich youth, inland waterway possibilities, and an ecosystem ripe for maritime and logistics expansion. He emphasized that “whatever you seek, be it talent, resources, resilience you will find in the Northeast,” urging the maritime sector to embrace the region as a strategic partner in India’s journey towards Viksit Bharat. His remarks drew a warm, appreciative response from the audience, marking a significant moment in positioning the Northeast within the country’s maritime narrative. He encouraged the maritime community to look toward the Northeast not as a distant region but as a frontier of possibility, partnership, and prosperity.

      The evening was further graced by the presence of several distinguished Guests of Honour, whose participation added immense value to the event. Among them were Capt. B. K. Tyagi, Chairman & Managing Director, Shipping Corporation of India Ltd.; Dr. A. V. Ramana, Chairman, New Mangalore Port Authority; DIG Bibhuti Ranjan, Principal Director, Indian Coast Guard; Mr. Yonis Ali Guedi, Minister of Energy and Natural Resources, Republic of Djibouti; Mr. Vishal Mehta, CEO, Rushabh Sealink & Logistics Pvt. Ltd. and Honorary Consul of the Republic of Djibouti and others who were welcomed by Organizers of Samudra Manthan Awards- Capt. Vivek Bhandarkar and Shri Ashish Pednekar.

      In his Welcome Address Capt. Vivek Bhandarkar all dignitaries, leaders, and members of the maritime fraternity. peaking under the overarching theme “Viksit Bharat, Shreshtha Sagar,” he emphasized that the Awards are not merely a ceremony of recognition, but a reaffirmation of India’s vision to emerge as the 'Vishwa Guru' and 'Vishwa Bandhu' of the global maritime community; echoing the aspirations laid down by Hon’ble Prime Minister Shri Narendra Modi. He reflected on the overwhelming success of the two-day symposium on Oil Spill Recovery and Salvage Operations, describing the packed halls, active participation, and high-quality discussions as proof of India’s maritime sector being alert, agile, and ready to lead with global standards in preparedness, environmental safety, and response capability. Capt. Bhandarkar highlighted the Foundation’s guiding philosophy of “Samudra Manthanasya Amrutam Paropakaaram”, stating that the true nectar drawn from the churning of the seas lies in collective service and societal benefit. He reiterated that the Samudra Manthan Foundation has grown into a movement of collaboration, discourse, and social commitment. He also expressed pride in the Samudra Manthan Foundation’s North-East outreach initiative under the Directorate General of Shipping’s “Sagar Mein Samman” programme. By reaching youth and women of the Eight Sisters (8 Northeastern States), the Foundation ensured that maritime opportunities transcend coastlines and become accessible to every Indian. Acknowledging the Directorate General of Shipping under Shri Shyam Jagannathan, IAS, Capt. Bhandarkar praised their leadership in driving safety, sustainability, and seafarer welfare. He also thanked all sponsors, partners, industry bodies, committee members, and the jury for their unwavering support. Reflecting on the intense nomination process for the 2025 Awards, he noted the razor-thin margins between top contenders and expressed heartfelt appreciation for every nominee, affirming that each one represents excellence, courage, and commitment. This year also marked a special Milestone, 50 years of Bhandarkar Publications, which Capt. Bhandarkar acknowledged with pride, reiterating his lifelong commitment to serving the maritime fraternity and upholding the publication’s ethos of being “of the industry, by the industry, for the industry.” He concluded by inviting the audience to celebrate the spirit of a rising India and the strength of its seas, formally opening the 12th International Samudra Manthan Awards 2025 with gratitude and renewed purpose.

      A touching moment of the evening was the felicitation of Capt.Vivek Bhandarkar and Ms. Bharati Bhandarkar by the Hon’ble Governor, marking 50 glorious years of Bhandarkar Publications. A short audio-visual presentation was showcased during the ceremony, paying tribute to the extraordinary legacy of Prof. K. R. Bhandarkar, whose pioneering contribution laid the foundation for maritime publishing in India. The film highlighted how his vision, educational commitment, and groundbreaking initiatives transformed access to maritime knowledge, making professional literature accessible and affordable for generations of Indian seafarers. His pioneering spirit continues to inspire the institution’s journey even today.

      The Jury Chairman, Shri Rajeeva Sinha, IAS (Retd.), Advisor (JNPA) and eminent industry expert, reaffirmed that the awards are based purely on merit, balanced with the spirit of encouraging emerging contributors. He quoted, “When the great scorer writes against your name, he writes not whether you won or lost, but how you played the game,” reminding everyone that participation itself is a mark of honour in such a competitive and vibrant industry.

      Since its inception, the International Samudra Manthan Awards has honoured excellence through the symbolic framework of Sixteen Jewels, inspired by the treasures that emerged from the legendary Samudra Manthan or the Churning of the mythical Milky Ocean. Staying true to this legacy, the 2025 edition celebrated a wide spectrum of achievements across India’s maritime and logistics ecosystem, recognising organisations whose contributions reflect innovation, resilience, and industry-wide impact.

      In the shipping category, honours were presented to both Indian and international leaders who continue to steer the sector forward. The Shipping Corporation of India received the award for Shipping Company of the Year (Indian – Public Sector), while The Great Eastern Shipping Company was recognised as Shipping Company of the Year (Indian – Private Sector). Among global operators, Maersk Fleet Management and Technology India Pvt. Ltd.; CMA CGM Agencies India Pvt. Ltd.; and Ocean Network Express (India) Pvt. Ltd. were acknowledged for their excellence and operational leadership. JSW Shipping & Logistics Pvt. Ltd. was celebrated as Shipping Company of the Year – Coastal, reflecting remarkable growth in India’s coastal movement segment.

      In the ports category, several major port authorities earned recognition for their outstanding performance. The Jawaharlal Nehru Port Authority was honoured as Major Port of the Year for its exceptional container throughput and infrastructure leadership. The Deendayal Port Authority was recognised as a pioneer in Green Hydrogen Transformation, while the Paradip Port Authority received the award for Outstanding Bulk Cargo Performance. The New Mangalore Port Authority was celebrated as the Fastest-Growing Port in Southern India as it marked its Golden Jubilee this year and JSW Jaigarh Port Ltd. was named Non-Major Port of the Year.

      In the terminal category, accolades went to leading operators shaping efficiency and productivity across India’s maritime gateways. Adani Ports and Special Economic Zone Ltd. Mundra Port; PSA Mumbai; and Haldia Container Terminal were all honoured as Shipping Terminals of the Year, acknowledging their role in world-class handling, technology adoption, and operational excellence.

      The evening also honoured outstanding women achievers under the Star Women in Maritime honours, celebrating leaders who are strengthening the maritime sector, breaking barriers, and inspiring inclusivity.

      A highlight of the ceremony was the presentation of Special Awards, recognising exceptional individuals across maritime and allied sectors.

      Capt. Mahesh Yadav, Director of Marine Education & Training, FOSMA Maritime Institute & Research Organisation, was honoured as Mentor of the Year for his legendary role in shaping future generations of seafarers through dedicated training, guidance, and excellence in maritime education.

      Mr. S. M. Rai, a revered senior member of the Institute of Marine Engineers (India), was conferred the Lifetime Achievement Award for his decades-long contribution to ship engineering, maritime standards, and professional leadership. An audio-visual clip played before the felicitation offered a moving glimpse into Shri S. M. Rai’s remarkable journey and his decades of steadfast service to the maritime fraternity. In his characteristically humble acceptance remarks, Shri Rai kept his words brief yet heartfelt. He expressed deep gratitude to the industry for every opportunity it has given him to contribute and serve, affirming his unwavering commitment to continue supporting the sector in every possible way. He extended his thanks to the younger generation, senior leaders, colleagues, and the wider maritime community for their constant encouragement throughout his career.

      Prof. Dr. Tanuja Kaushik, Dean Academic Affairs, Gujarat Maritime University, received the Woman Achiever of the Year Award and Shri Haresh Lalwani, Joint Managing Director, Sun Logistics, was presented the Late Prof. K. R. Bhandarkar Memorial Award.

      A spectrum of honours drawn from across the maritime and allied sectors, symbolically equivalent to the treasures that emerged during Samudra Manthan along with the gems.

      The ceremony concluded with a sense of celebration, pride, and renewed commitment to strengthening India’s maritime vision as the event also featured a special showcase by the Northeastern folk fusion ensemble “Sound from the Hills,” whose soulful performance celebrated India’s cultural richness and added a vibrant dimensionby infusing the venue with the unique charm, rhythm, and spirit of the North-East, making the evening feel truly inclusive, and unforgettable.

      The hall sparkled with energy as leaders, achievers, and young professionals exchanged ideas, applauded the winners, and celebrated the collective progress of India’s maritime and logistics sectors.

      The 12th International Samudra Manthan Awards 2025 stood as a glowing testament to excellence, unity, and national purpose, where the spirit of the seas met the vision of a rising maritime nation.

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

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