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    Standard Chartered Accelerates India's GCC Growth with its Global Banking Expertise and 25 Years of GCC Experience
    IFSCA Grants Nexent Capital GIFT City Investment Banking License
    India's exports rise 19.63 pc to USD 44.24 bn in Jul; trade deficit widens to $31.98 bn
    Vizhinjam port to commence EXIM operations from Aug 18: Kerala CM Satheesan
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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
    The Government of India to launch the Central Bank Digital Currency (CBDC)-based Direct Benefit Transfer (DBT) in the Union Territories of Chandigarh ...
    India and the Southern African Customs Union (SACU) sign Terms of Reference (ToR) for negotiations towards a Preferential Trade Agreement
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    After nine years at helm, N Chandra to exit Tata Sons amid expansion, governance standoff
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    Sensex falls 188 pts amid elevated crude oil prices; Tata Group stocks decline after N Chandra's exit
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    Union Minister of Commerce and Industry Shri Piyush Goyal Calls for Fair Trading Practices and Taking ‘Make in India’ from Local to Global
    Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman delivers keynote address at Seminar on “Role of the New Development Bank in M...
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August 13, 2026
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Global Capability Centre banking support connects offshore and onshore operations to simplify financial management and enable cross-border expansion.
Global Capability Centre banking support is positioned around connected offshore and onshore banking, international network access, digital banking platforms, and expertise in treasury centres, cross-border corporates, and evolving GCC operating models. The approach seeks to simplify financial operations and support GCC expansion across global markets. India's GCC ecosystem is characterised as a leading global capability hub, with capability centres evolving into strategic enterprise hubs requiring support for operational and financial complexities across markets.
August 13, 2026
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Investment banking registration enables regulated cross-border offerings, listings, debt transactions and capital-market advisory through GIFT City.
IFSCA registration under the IFSCA (Capital Market Intermediaries) Regulations, 2025 authorises Nexent Capital IFSC Private Limited to operate as an investment banker from GIFT City. Permitted activities include management of initial and follow-on public offerings, SPAC and secondary listings, depository receipt issuances, debt capital-market transactions, and other capital-market advisory mandates. The firm proposes to provide transaction structuring, listing-readiness, execution and post-listing capital-markets support for companies seeking capital raising and listing opportunities through GIFT City's exchanges.
August 13, 2026
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Merchandise export growth was driven by petroleum, electronics, engineering and marine goods, while rising imports widened the trade deficit.
India's merchandise exports increased in July, while imports also rose and widened the trade deficit. Export growth was attributed to higher overseas shipments of petroleum products, electronics, engineering goods and marine goods. Exports and imports both recorded growth during the April-July fiscal period, and exports to West Asian countries increased in July.
August 13, 2026
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EXIM operations at international seaport to commence after customs clearance, bonded-area establishment, and temporary highway connectivity.
Vizhinjam International Seaport is scheduled to commence EXIM operations after Customs clearance, issuance of Customs notifications, establishment of a Customs-bonded area, and temporary connectivity to NH-66. The port had previously handled transshipment operations. A proposed transfer of a stake in the port concessionaire to a foreign shipping company remains under committee examination and requires Central Government consideration of strategic and security aspects.
August 13, 2026
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Renewable energy reliability requires storage, grid readiness and ancillary service markets alongside competitive clean-power procurement.
Renewable energy procurement is shifting beyond lowest tariffs towards dependable, dispatchable and affordable clean power, assessed through capacity value, balancing capability and system economics. Storage-backed renewable and hybrid projects can improve renewable utilisation, reduce variability and curtailment, and support peak demand. Higher renewable penetration also requires supportive storage policies, timely approvals, aligned intrastate transmission planning, stronger distribution infrastructure, and market mechanisms for ramping reserves, frequency response and fast-response balancing services.
August 13, 2026
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Accredited Investor certification facilitates eligible investors' access to alternative investment products, lower thresholds and applicable regulatory flexibilities.
SEBI's Accredited Investor framework enables eligible investors and entities to obtain certification that may allow lower minimum investment thresholds for Portfolio Management Services, Alternative Investment Funds and other alternative investment products, along with applicable regulatory flexibilities. PMS Bazaar and NSDL Database Management Limited's Accreditation Agency facilitate end-to-end applications, subject to required documentation and prescribed payment. Assistance is available to individual investors and eligible clients of investment providers without additional platform, service or processing charges, while prescribed certification fees remain payable.
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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Prepaid plan restructuring eliminates mid-tier daily-data options and channels subscribers toward higher-priced plans with expanded data access.
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.
Trade and industrial policy messaging encourages businesses to digitise operations, adopt good manufacturing practices, follow fair trading practices, and promote recycling, reuse and a circular economy. Nine free trade agreements are identified as creating preferential market-access opportunities for Indian industry and businesses. MSMEs, entrepreneurs, farmers, fishermen, workers and the services sector are encouraged to expand Indian products and services globally, improve competitiveness through scale, and strengthen the quality, design and brand value associated with Make in India.
August 12, 2026
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Private capital mobilisation requires credible long-term frameworks, risk-sharing mechanisms, and multilateral partnerships to strengthen infrastructure investment.
Private capital mobilisation in infrastructure and development finance depends on credible long-term frameworks, investor confidence, project bankability, and balanced risk allocation. Public capital is intended to catalyse rather than replace private investment. Key financing mechanisms include Viability Gap Funding, the Hybrid Annuity Model, credit enhancement, and Infrastructure Investment Trusts. Long-term investment visibility and coordinated connectivity are supported through the National Infrastructure Pipeline and PM Gati Shakti framework, alongside investment measures for freight, rail, waterways, and coastal cargo.
August 12, 2026
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Judicial allowance exemptions under the new tax regime remain disputed, with return processing and resulting demands kept in abeyance.
Tax treatment of specified judicial allowances under the new income-tax regime is disputed. Statutory service-condition provisions are asserted to exclude allowances, including official residence, conveyance, sumptuary allowance and leave travel concession, from income computation and to override the Income-tax Act. Pending consideration, affected judges may show these amounts as receipts not in the nature of income, and their returns are not to be processed further. Any resulting demand remains in abeyance, while refundable amounts are withheld subject to the pending proceedings.

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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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