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    Keralam CM reviews operational preparedness at Vizhinjam port
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August 18, 2026
Show AI Summary
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
Show AI Summary
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
Show AI Summary
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
Show AI Summary
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
Show AI Summary
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
Show AI Summary
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
Show AI Summary
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
Show AI Summary
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
Show AI Summary
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
Show AI Summary
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
Show AI Summary
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.
August 15, 2026
Show AI Summary
Global pharmaceutical leadership is urged through Indian firms achieving top-five status, supported by generic manufacturing and export capacity.
Indian pharmaceutical companies are urged to attain representation among the world's five leading pharmaceutical firms, despite India's established position as a major producer of generic medicines. India has a broad manufacturing base, supplies generic medicines across numerous therapeutic categories, and exports to worldwide markets including highly regulated jurisdictions. Although pharmaceutical exports and the domestic market have expanded, Indian firms have not yet secured positions among the largest global companies. Greater international scale may be supported through acquisitions and expanded established-brand and branded-generic operations.
August 15, 2026
Show AI Summary
Foreign asset voluntary disclosure permits eligible small taxpayers to regularise qualifying assets through tax, additional levy, and statutory immunity.
FAST-DS permits eligible small taxpayers to voluntarily disclose specified foreign assets or foreign income. It covers undisclosed foreign assets or income not offered to tax, subject to an aggregate value threshold of Rs 1 crore, and certain foreign assets omitted from the relevant return schedule, subject to a Rs 5 crore threshold and prescribed fee. Payment comprises 30 per cent tax and an additional equal amount. Disclosed income or investment is excluded from total income, with immunity from further tax, penalty and prosecution under the Black Money Act for the disclosed asset or income.
August 15, 2026
Show AI Summary
Free trade agreement opportunities require MSMEs to meet global standards and expand exports across textiles, machinery, medicines and seafood.
Free trade agreements are presented as export-market opportunities for Indian MSMEs because they reduce or eliminate import duties on a substantial range of traded goods. MSMEs are urged to expand exports of textiles, machinery, medicines and seafood, including shrimp, by meeting global quality standards and offering products competitively. Their export role is linked to self-reliance and their significant contribution to manufacturing, exports, GDP and employment.

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Customs & Trade

HIGHLIGHTS AT 5 PM

December 12, 2025

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New Delhi, Dec 12 (PTI) Following are the top stories at 5 PM: NATION DEL53 CAB-CENSUS (4.45 PM)

Cabinet nod for Census 2027; Rs 11,718 crore sanctioned New Delhi: Union minister Ashwini Vaishnaw on Friday said the government has approved Rs 11,718 crore for the conduct of the Census of India 2027.

BOM15 MH-4THLD SHIVRAJ PATIL (2.46 PM)

Congress stalwart and Ex-Union minister Shivraj Patil passes away at 90; funeral on Saturday Latur: Veteran Congressman Shivraj Patil, who served as the Lok Sabha Speaker and was Union Home Minister during the 26/11 attacks, passed away at his hometown Latur in Maharashtra on Friday morning, family sources said.

PAR11 LS-LD RAHUL (2.27 PM)

Rahul Gandhi flags issue of air pollution, seeks discussion in LS New Delhi: Leader of the Opposition Rahul Gandhi on Friday said major cities across the country were living under a blanket of poisonous air, and sought a discussion on the issue of air pollution in Lok Sabha.

DEL38 AVI-INDIGO-EXPERT-PROBE (3.48 PM)

IndiGo board ropes in external aviation expert for flight disruption probe Mumbai: IndiGo's board on Friday announced the appointment of an external aviation expert to carry out a root-cause analysis of recent flight disruptions.

CAL13 MN-PRESIDENT-SPEECH (1. 45 PM)

President Murmu urges all communities in Manipur to support efforts for peace, reconciliation Imphal: President Droupadi Murmu on Friday called on all the communities of Manipur to continue the efforts for peace, understanding, and reconciliation and said that the Union government is committed to the well-being and progress of the people of the state.

DEL41 LSQ-MEA-MIDDLE EAST (4.03 PM)

5,945 Indians evacuated from Middle East during last 3 years in view of their safety: Govt New Delhi: Keeping in view their safety and security, the government has evacuated 5,945 Indian nationals from Israel, Iran, Syria and Iraq in the Middle East during the last three years, the Centre informed the Parliament on Friday.

CAL18 AS-ZUBEEN-CHARGESHEET-MURDER (3.10 PM)

Zubeen Garg death: 4 accused charged with murder in SIT chargesheet Guwahati: A Special Investigation Team (SIT), probing into the death of singer Zubeen Garg, on Friday charged four accused with murder in its chargesheet filed in a Guwahati court.

PAR13 LS-ISSUES (3.56 PM)

LS: BJP's Anurag Thakur accuses DMK-led TN govt of 'crushing' sentiments of Hindus New Delhi: BJP leader Anurag Thakur on Friday accused the Tamil Nadu government of contempt of court for cane-charging Hindu devotees taking out a procession at Thiruparankundram temple near Madurai.

DEL25 GOVT-CIC (1.14 PM)

CIC appointments: Govt sources counter Rahul, say 5 of 8 shortlisted names from disadvantaged groups New Delhi: A high-level panel has recommended the names of five people belonging to disadvantaged sections for filling vacancies in the CIC, sources said, dismissing opposition leader Rahul Gandhi's reported claim that the finalised list lacked names from SC, ST, OBC and minority communities.

CAL20 AN-SHAH-BHAGWAT-STATUE (4.02 PM)

Shah, Bhagwat unveil statue of Savarkar in Andamans Sri Vijaya Puram: Union Home Minister Amit Shah and RSS chief Mohan Bhagwat on Friday unveiled a statue of Vinayak Damodar Savarkar at Beodnabad in the Andaman and Nicobar Islands.

CAL10 AS-ACCIDENT-LD SURVIVOR (1.11 PM)

Lone Arunachal accident survivor admitted to Assam hospital in critical condition Dibrugarh/Tinsukia: The lone survivor of the Arunachal Pradesh road accident in which 18 people died, has been admitted to Assam Medical College and Hospital (AMCH) in Dibrugarh in a critical condition, officials said on Friday.

DEL32 RSQ-MGNREGS-DAYS (3.17 PM)

Average 50 days of employment per household provided under MGNREGS in last five years: Govt New Delhi: An average 50 days of employment per household was provided to workers under the Mahatma Gandhi National Employment Guarantee Scheme (MGNREGS) in the last five years, Minister of State for Rural Development Kamlesh Paswan informed the Rajya Sabha on Friday.

BOM16 MH-ASSEMBLY-SCUFFLE-REPORT (3.21 PM)

2 BJP, NCP (SP) supporters get civil custody, barred from entering Vidhan Bhavan over scuffle Nagpur: The Maharashtra legislature's privileges committee on Friday recommended two-day 'civil custody' for two supporters of rival BJP and NCP (SP) MLAs and a ban on their entry in Vidhan Bhavan premises for their involvement in a scuffle during the monsoon session.

CAL19 NL-DZUKOU-FIRE (3.14 PM)

Major wildfire breaks out in Nagaland's Western Dzukou Valley Kohima: A major wildfire broke out in Nagaland's Western Dzukou Valley in Kohima district on Friday, officials said.

CAL14 MN-BIREN-MLAs (2.14 PM)

BJP central leadership has asked party MLAs to reach Delhi for discussion: Biren Singh Imphal: Former Manipur chief minister N Biren Singh on Friday said the BJP central leadership has asked the party MLAs to come to Delhi to discuss issues related to the state.

MDS8 KL-JUSTICE-COURTS-CPIM (12.51 PM)

Some Kerala courts not showing sense of justice expected of them: CPI(M) gen secy Thiruvananthapuram: CPI(M) general secretary M A Baby on Friday said that some courts in Kerala are unable to show the "sense of justice" expected of them by the public in certain cases and termed it as "unfortunate".

MDS12 TN-THIRUPPARANKUNDRAM-BJP(R) (1.59 PM)

Doesn’t augur well for democracy if TN govt aims to appease minorities: BJP chief Chennai: Tamil Nadu BJP chief Nainar Nagenthran has said that it does not augur well for democracy when the state government challenges the authority of the judiciary to appease minorities but accepts judgment only when they are delivered in its favour.

MDS19 KA-ASSEMBLY-AEROSPACE-DEFENCE (4.07 PM)

Dropping land acquisition will not be setback to Aerospace & Defence Park: Minister Belagavi (Karnataka): Karnataka Industries Minister MB Patil on Friday told the Assembly that the state government's decision to drop acquisition of 1,777 acres in Devanahalli near Bengaluru, following farmers' protests, will not be a setback to the Aerospace & Defence Park project there.

BUSINESS DEL33 BIZ-INDIA-RUSSIAN-OIL (3.22 PM)

India's Russian crude imports hit five-month high in Nov; fuel exports to Australia soar New Delhi: India's imports of Russian crude oil rose 4 per cent in November to a five-month high of Euro 2.6 billion, with a large part of the refined fuels produced from it being exported to Australia, a European think tank said.

DEL26 BIZ-CCI-INDIGO (1.15 PM)

Regulator CCI examining whether IndiGo violated competition norms: Official New Delhi: Fair trade watchdog CCI is examining whether the country's largest airline, IndiGo, violated competition norms, a senior official said on Friday amid the carrier facing regulatory scrutiny over significant flight disruptions.

DEL34 CAB-INSURANCE-BILL (3.30 PM)

Cabinet approves bill to hike FDI in insurance sector to 100 pc New Delhi: The Union Cabinet on Friday approved a bill to raise foreign direct investment in the insurance sector to 100 per cent, according to sources.

LEGAL LGD12 SC-KL-MUNAMBAM (3.52 PM)

SC stays Kerala HC order on Munambam land, orders status quo on disputed property New Delhi: The Supreme Court on Friday stayed the Kerala High Court order that said notifying the Munambam land as waqf was a "land-grabbing tactic of the Kerala Waqf Board" and ordered status quo over the property in dispute.

LGD13 SC-KARUR STAMPEDE (4.14 PM)

Karur stampede: SC refuses to modify its direction on suspension of enquiry commission New Delhi: The Supreme Court on Friday turned down Tamil Nadu government's plea to modify its order suspending a one-man enquiry commission and the SIT to look into the Karur stampede in which 41 people were killed saying, "We want everything to be fair and impartial."

LGD10 SC-DEPORTATION-COMMENTARY (2.09 PM)

We are completely immune, says SC, flags half-baked running commentary on pending cases New Delhi: Observing that half-baked truth and ill-informed running commentary on sub-judice cases affects public perception, the Supreme Court on Friday asserted that it is "completely immune" from reporting of cases for the sake of publicity or narrative building.

LGD9 SC-JUDICIARY (1.38 PM)

Don't bring down judiciary by filing such cases: SC on plea challenging its decision on RTE Act New Delhi: Don't bring down the judiciary by filing such cases, the Supreme Court on Friday remarked while expressing strong displeasure over a plea challenging its earlier decision granting exemption to minority schools from the provisions of the Right to Education Act.

FOREIGN FGN35 RUSSIA-FROZEN ASSETS (3.59 PM)

Russia's central bank to approach court amid EU plans to confiscate frozen assets Moscow: Russia's central bank on Friday described the European Union’s decision to freeze its assets as “illegal actions” and threatened to file lawsuits to recover damages. By Vinay Shukla

FGN34 PAK-CM-LD IMRAN (3.08 PM)

Pakistan’s KPK CM alleges Imran Khan subjected to mistreatment in jail Peshawar: Pakistan’s Khyber Pakhtunkhwa province Chief Minister Muhammad Sohaib Afridi on Friday alleged that former prime minister Imran Khan and his wife Bushra Bibi are being subjected to mistreatment in jail.

FES26 SINGAPORE-INDIA-WOMEN (1.33 PM)

High Commission sets up centre in Singapore to help Indian women in distress Singapore: The High Commission in Singapore has opened a One Stop Centre (OSC) as part of the government’s scheme to support Indian women in distress overseas.

* PTI PRK

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