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    Department of Commerce Holds Workshop on Trade and Sustainable Development Policy Landscape
    GeM Launches 10-Day Celebrations Ahead of 10th Foundation Day, Unveils Commemorative Logo
    All Indian exports of dual-use items comply with international obligations: MEA
    PM Modi to inaugurate Bhogapuram Airport in Andhra on Aug 1
    HIGHLIGHTS
    Closely monitoring: India on US bill seeking up to 100 % tariffs on purchasers of Russian oil
    Delhi HC seeks ED stand on Nayan Raheja's plea against money laundering case
    Rupee appreciates 7 paise to close at 95.43 against US dollar
    PM Modi, UK PM Burnham commit to harnessing full potential of mega trade deal
    ITC Q1 profit declines 15.6 pc to Rs 4,508.79 cr; non-cigarette FMCG posts robust growth
    Punjab extends deadline of one-time scheme for settling tax dues of pre-GST period till Sept 30
    PM Modi speaks to UK counterpart Burnham
    Bank credit to industry records robust growth of 19.2 pc in June: RBI data
    Delhi protesters' fingerprints collected from stones for identification via Aadhaar: BJP minister
    Cabinet approves Rs 84,084-cr offshore exploration scheme; govt to fund up to Rs 650 cr per well
    India's forex reserves jump USD 6.12 bn to USD 682.35 bn
    Jharkhand signs pact with CSC eStore to make SHG products made by women available online
    APEDA Facilitates First-Ever Air Shipment of Karnataka's Neelam and Totapuri Mangoes to the Maldives
    Favara-UPI Cross-Border Payment Corridor Goes Live Between Maldives and India
    SC upholds NCLAT order setting aside CCI's Rs 301.6-cr penalty on Grasim Industries
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    August 1, 2026
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    Trade and sustainable development policy integrates carbon regulation, sustainability standards and domestic frameworks to strengthen trade competitiveness and preparedness.
    Trade and Sustainable Development policy was examined in relation to international trade disciplines, sustainability regulation and India's trade strategy. Discussions considered carbon markets, carbon pricing, carbon border adjustment measures, sustainability standards and regulatory cooperation, and their implications for trade and industrial competitiveness. Domestic mechanisms, including the Carbon Credit Trading Scheme, Indian Carbon Market, Extended Producer Responsibility framework, and accreditation and conformity assessment systems, were considered for strengthening preparedness for emerging sustainability-related trade disciplines.
    August 1, 2026
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    Digital public procurement engagement begins with stakeholder events promoting transparent, efficient and inclusive marketplace governance.
    Government e-Marketplace launched ten-day celebrations preceding its tenth Foundation Day, including a commemorative logo, stakeholder events and recognition of employees, buyers and sellers. The programme begins a year-long nationwide outreach initiative bringing together buyers, sellers, policymakers, industry representatives and ecosystem partners through events, dialogues and collaborative platforms. Its stated focus is technology-enabled, transparent, efficient and inclusive public procurement.
    July 31, 2026
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    Strategic trade controls require dual-use exports to comply with national law and international obligations amid arms-transfer allegations.
    Strategic trade controls governing dual-use exports require Indian exports of dual-use items and technologies to comply with national law and India's international obligations. The stated framework applies to exports to various countries. In response to allegations concerning supplies to Israel, the position notes calls for an arms embargo covering direct or indirect transfers of arms and military material, including weapons, ammunition, parts and components, without determining the underlying allegations.
    July 31, 2026
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    Greenfield airport development under a public-private partnership advances licensed international passenger, cargo, logistics, and sustainable infrastructure.
    A greenfield international airport is being developed under a Public-Private Partnership and Design, Build, Finance, Operate and Transfer framework, with airport, aviation-hub, education and supporting infrastructure components. The airport has obtained an aerodrome licence and required safety, fire and environmental clearances. Passenger, airfield and terminal systems are designed for domestic and international operations. A cargo terminal with cold-chain facilities and integration with port, industrial-corridor and logistics networks are intended to strengthen exports and air-cargo logistics. Recycled-water use and LEED Platinum development standards form part of its environmental measures.
    July 31, 2026
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    Regulatory and legal developments cover trade measures, legislative action, offshore exploration support, court directions and platform algorithm scrutiny.
    The compilation reports proposed United States tariff measures concerning purchasers of Russian oil and gas, India-United Kingdom trade engagement, extension of farmer-support measures, and approval of offshore exploration support. It also covers passage of the Registration of Births and Deaths (Amendment) Bill, 2026, a privilege-motion notice, a criminal sentencing, and directions to appoint a nodal officer for families affected by the Russia-Ukraine war. Regulatory items include industrial credit data and examination of social-media algorithms, bias and public-order implications.
    July 31, 2026
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    Russian oil purchases may trigger proposed targeted tariffs, with periodic reassessment based on countries' purchasing behaviour.
    Proposed United States measures would authorise sanctions against Russia and persons supporting its war in Ukraine, while permitting targeted tariffs on imports from countries purchasing substantial volumes of Russian oil or gas or facilitating sanctions evasion. The framework identifies major purchasers and shadow-fleet facilitators for possible additional tariffs and provides for periodic reassessment and tariff adjustments based on purchasing behaviour. India stated that its energy-security policy rests on national priorities and diversified energy sources.
    July 31, 2026
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    Money-laundering proceedings face challenge over absent predicate offence, alleged lack of criminal intent, and treatment of related FIRs.
    Money-laundering proceedings linked to alleged diversion of homebuyer funds are challenged on the ground that no scheduled offence or criminal intent is attributable to the petitioner. The petitioner relies on his asserted exoneration in two predicate FIRs, where charge sheets did not name him, and settlement of the remaining FIR. Notice was issued for a response and status report, and the petitioner undertook to cooperate with the investigation.
    July 31, 2026
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    Rupee appreciation reflected foreign capital inflows and central bank support, tempered by crude prices and geopolitical tensions.
    Rupee appreciation against the US dollar was linked to sustained foreign capital inflows and Reserve Bank support through dollar selling. Higher crude oil prices, a stronger US dollar and geopolitical tensions in West Asia constrained further gains. A slightly positive near-term rupee bias was associated with softer dollar conditions, dovish US monetary expectations, favourable global markets and improved foreign inflows, while geopolitical risks remained relevant. Domestic equity indices rose, foreign-exchange reserves increased, and fiscal-deficit data showed the central government's position against its full-year target.
    July 31, 2026
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    India-UK trade agreement enables duty-free access and bilateral cooperation on investment, technology, and strategic partnership.
    The India-UK Comprehensive Economic and Trade Agreement provides zero-duty market access in the UK for nearly 99 per cent of India's exports and is intended to expand bilateral trade and investment opportunities. The governments committed to maximise its benefits through the Comprehensive Strategic Partnership, including cooperation on technology, innovation, security, clean energy, education and people-to-people links. Advanced technology collaboration, including artificial intelligence, is also contemplated.
    July 31, 2026
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    Excise duty increases on cigarettes pressured profitability, while calibrated pricing and FMCG growth supported market resilience.
    Excise duty increases on cigarettes affected consolidated profitability, prompting calibrated pricing and portfolio measures to protect market share and limit migration to illicit trade. The cigarette portfolio was re-architected across price points through value-accretive offerings and staggered pricing actions. Non-cigarette FMCG growth was supported by demand for packaged foods, dairy and personal-care products. Input-cost inflation was mitigated through inventory cover, commodity hedging and price-volume rebalancing amid crude-price volatility, supply-chain disruption and imported inflation concerns.
    July 31, 2026
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    One-Time Settlement Scheme offers final pre-GST tax dispute resolution relief before stricter recovery action against defaulters begins.
    The One-Time Settlement Scheme 2025 for pre-GST tax dues has been extended until September 30. Eligible taxpayers may resolve pending legacy tax disputes with full waiver of interest and penalties and slab-wise relief in principal tax. After the deadline, recovery action may be intensified under applicable tax laws and the Punjab Land Revenue Act, including property attachment, auction and freezing of bank accounts. The department also supports amicable settlement of tax disputes through the SAMADHAN initiative.
    July 31, 2026
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    Bilateral trade agreement implementation supports expanded trade, investment and strategic cooperation through technology, security, clean energy and community links.
    The India-UK Comprehensive Economic and Trade Agreement was identified as a framework for expanding bilateral trade and investment opportunities following its operationalisation. The two governments proposed closer cooperation to use the agreement for shared prosperity, while advancing their comprehensive strategic partnership through technology, innovation, defence, security, clean energy, education and people-to-people links.
    July 31, 2026
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    Sectoral bank credit growth reflects broad-based expansion across industry, services, agriculture and personal loans, with slower credit-card growth.
    Sectoral bank credit growth accelerated across non-food lending, agriculture, industry, services and personal loans. Industrial credit expanded across micro and small, medium and large enterprises, with strong lending to infrastructure, engineering, food processing, textiles, construction, metals, petroleum-related products and chemical products. Services lending was supported by non-banking financial companies, commercial real estate and trade. Vehicle and housing loans maintained double-digit growth, while credit-card outstanding growth decelerated.
    July 31, 2026
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    Biometric identification of protesters through alleged fingerprint-Aadhaar linkage was described alongside criminal-background profiling and database creation.
    Biometric identification of protesters through fingerprints recovered from alleged stone-pelting evidence was publicly described as a proposed investigative method. A minister stated that fingerprints allegedly found on stones would be linked with Aadhaar numbers to identify participants and examine their prior records. The account also referred to analysis and categorisation of detained protesters' criminal backgrounds, creation of a separate database, and proposed action against participants described as anti-social elements or persons with criminal records.
    July 31, 2026
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    Offshore hydrocarbon exploration support funds high-risk deepwater drilling, shared infrastructure and data acquisition to strengthen domestic energy production.
    The National Offshore Exploration Scheme provides public support for deepwater and ultra-deepwater oil and gas exploration, including seismic and offshore data acquisition, exploratory drilling in frontier basins, and common production and evacuation infrastructure. It addresses the high cost and geological uncertainty of offshore drilling and includes technology adoption, digital programme management, capacity building and collaboration measures. The scheme seeks to expand domestic hydrocarbon discoveries and production, attract investment across the exploration and production value chain, and reduce reliance on imported oil and gas.
    July 31, 2026
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    Foreign exchange reserves increased as foreign currency assets and gold holdings rose, alongside measures to attract forex inflows.
    India's foreign exchange reserves increased during the reporting week, principally because foreign currency assets and gold reserves rose. Foreign currency assets, expressed in United States dollar terms, include valuation effects from movements in currencies such as the euro, pound and yen. Special Drawing Rights and the reserve position with the International Monetary Fund declined. Measures including the FCNR(B) measure were reported as efforts to attract foreign-exchange inflows following rupee pressure and dollar-sales intervention.
    July 31, 2026
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    Digital marketplace access for women's self-help group products expands e-commerce opportunities while panchayat-level citizen services are strengthened.
    Digital marketplace access for women's self-help group products is proposed through a memorandum of understanding between CSC eStore and the Jharkhand State Livelihood Promotion Society. Products marketed under the 'Palash' and 'Adiva' brands are intended to be offered through an e-commerce network to widen market access, support rural women's income and entrepreneurship, and strengthen the rural economy. Digital panchayat services are also being expanded through Common Service Centres, including banking, e-governance and Aadhaar-related services.
    July 31, 2026
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    Agricultural export facilitation expands market access for late-season mangoes through farmer aggregation and direct global market linkages.
    Agricultural export facilitation enabled an air shipment of late-season Neelam and Totapuri mangoes to an international market, expanding market access and extending the mango export season. Direct sourcing through a Farmer Producer Company supported organised aggregation, quality produce, and export-oriented supply chains. Direct procurement and export market linkages enabled participating farmers to realise higher returns than conventional market channels while promoting horticultural export diversification.
    July 31, 2026
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    Cross-border digital payment integration enables real-time Favara transfers from Maldives mobile banking applications to UPI-enabled accounts in India.
    Cross-border digital payment integration between Favara and UPI enables individuals in the Maldives to make real-time person-to-person transfers to UPI-enabled bank accounts in India through mobile banking applications. Transfers are initiated in Maldivian Rufiyaa and credited in Indian Rupees. The initial service is available through participating Maldivian banks. Permitted remittances include family-maintenance transfers under foreign inward and outward remittance categories, and gift-related transfers under foreign outward remittance. Future phases are intended to introduce QR-based merchant payments and other digital payment services.
    July 31, 2026
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    Procedural Fair Hearing in competition inquiries requires notice when the Commission departs from investigative findings before imposing action.
    Competition law procedure requires the Competition Commission to notify and hear an opposite party when departing from the Director General's findings. The penalty order concerning alleged abuse of dominance in viscose staple fibre supply was set aside because Grasim Industries was not given an opportunity to respond to the Commission's disagreement with the investigative findings. The matter was remanded for fresh, time-bound consideration without a finding on the merits.

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      Hiring surges 23% in 2025 as India prepares for a 1.28-crore job expansion in 2026: foundit insights tracker

      December 18, 2025

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      Bengaluru, 18 December 2025: India’s job market closed 2025 on a strong note, recording a +23% year-on-year increase in hiring activity, according to the foundit insights tracker (fit) by leading jobs and talent platform, foundit. This surge reflects robust employer confidence, steady recruitment across major industries, and the rising prominence of Tier-2 and Tier-3 cities as strategic talent hubs. However, growth in the second half of the year moderated to +4% over six months, indicating a shift toward more calibrated, productivity-led hiring. “2025 shaped up as a year of strong expansion but disciplined hiring. We witnessed the decentralisation of talent, with Tier-2 hubs becoming operational anchors for tech, BFSI, logistics and retail,” said Anupama Bhimrajka, VP, Marketing, foundit. “As we head into 2026, demand for AI-ready skills, strategic leadership, and mid-career digital talent will keep momentum high despite measured intake in some sectors.” HIRING TRENDS FOR 2025 NPOs, Consumer Electronics, and Healthcare & Pharmaceuticals Emerge as the Fastest-Growing Industries (YoY) With 24 out of 27 industries reporting a surge in recruitment activity over the past year, the data points to a broad-based revival in hiring sentiment. • Non-Profit Organisations (NPOs) emerged as the fastest-growing sector, with hiring up 55% YoY, reflecting rising demand for impact-led roles • Consumer Electronics (+53%) and Healthcare & Pharmaceuticals (+45%) saw strong momentum, driven by manufacturing expansion and healthcare demand • Core sectors such as Manufacturing (+39%), Logistics & Transportation (+37%), and Construction & Engineering (+34%) recorded steady growth, signalling infrastructure and supply-chain strength • Services-led sectors including Media & Entertainment (+36%), Retail (+34%), and BFSI (+27%) continued to expand alongside consumer demand and digital adoption Beyond the headline growth sectors, this momentum underscores how India’s job market is being powered by a mix of impact-led roles, manufacturing expansion and digital-first business models reflecting a labour market that is not just recovering but evolving at speed. Senior Management and IT Lead India’s Functional Hiring Growth With 11 of 13 functions reporting sustained annual growth, 2025 marks a clear revival in demand for specialised and leadership talent. Senior Management and IT roles are seeing the strongest momentum, driven by digital transformation, strategic expansion and the rise of AI-enabled business models. • Senior Management roles saw the strongest growth at +39% YoY, highlighting demand for strategic and transformation leadership • IT hiring rose 30% YoY, supported by digital modernisation and AI-led initiatives • Corporate support functions recorded healthy growth, led by HR & Admin (+33%) and Finance & Accounting (+25%) • Sales & Business Development (+23%) remained resilient as companies focused on revenue and market expansion • Creative and specialist roles, including Marketing & Communications (+14%) and Legal (+12%), saw steady but selective hiring The surge in mid-to-senior level hiring across HR, Finance and Sales indicates that companies are prioritising experienced professionals who can steer execution, strengthen governance and accelerate technology adoption in a rapidly evolving market. Tier-2 Cities Lead India’s Next Wave of Job Market Growth India’s job market in 2025 shows strong geographic momentum, with Tier-2 cities like Coimbatore and Ahmedabad emerging as high-growth talent hubs. • Tier-2 cities emerged as high-growth talent hubs, led by Coimbatore (+24%) and Ahmedabad (+19%), reflecting decentralised hiring strategies • Bengaluru (+23%) and Hyderabad (+21%) continued to anchor national hiring, driven by tech, manufacturing, and BFSI demand • Mumbai (+22%) and Pune (+19%) reinforced their strength in finance, consumer-facing, and enterprise roles Overall, 2025 saw hiring momentum spread beyond traditional metros, signalling a more distributed and cost-optimised talent model. The varied growth patterns across cities reflect a more distributed hiring landscape, with companies widening their talent search beyond traditional metros to support scale and regional market penetration. Experience Levels: Mid-Senior Talent Gains Ground • Mid-to-senior professionals (7–10 years) saw the strongest growth at +29% YoY, underscoring demand for execution-ready talent • Early-career hiring (0–3 years) grew 19% YoY, reflecting continued entry-level intake • Hiring for 4–6 years experience roles rose 15% YoY, indicating steady mid-level demand • 15+ years roles saw marginal contraction (-1%), pointing to more selective, lean leadership structures OUTLOOK FOR 2026 • India’s hiring outlook for 2026 signals steady growth, with overall recruitment expected to rise by 2.3 percentage points, translating to an estimated 1.28 crore jobs, and hiring concentrated in the first half of the year. • Demand will be strongest for mid-to-senior talent in digital, AI, cloud, data and cybersecurity, driven by continued enterprise transformation. • Tech, BFSI, manufacturing, infrastructure and renewable energy are set to lead hiring, with emerging sectors like fintech, health tech and electric mobility creating niche opportunities. • Hiring is expected to expand beyond metros as companies develop talent hubs in Tier 2 cities to optimise costs and access wider talent pools. • Overall, 2026 is shaping up to be a skills-led year of hiring, as growth expands beyond metros and strengthens India’s position as a resilient and future-ready talent market. Trends in Focus for 2026 1. Tech and Semiconductor Push Demand will remain strongest in AI, cloud, data engineering, cybersecurity, and embedded systems, supported by continued GCC expansion and early-stage semiconductor design activity in Bengaluru, Hyderabad, and select Tier-2 hubs. 2. Leadership and Mid-Career Demand Hiring is expected to continue favouring mid-to-senior professionals who can lead digital programmes, manage transformation roadmaps, and drive cost-efficient scaling as companies shift from pilot projects to enterprise-wide execution. 3. Tier-2 Talent Diversification Firms will increasingly be expanding support, operations, and select tech functions into Tier-2 cities to optimise cost structures and tap into growing engineering and digital talent pools outside metros. 4. Startups Regain Momentum Renewed funding across SaaS, fintech, health tech, and AI-first ventures is set to drive selective hiring in product, engineering, growth, and revenue roles, even as startups remain disciplined on non-core functions. Top Hiring Industries in 2026 India’s hiring outlook for 2026 is led by Consumer Electronics and Media, with a 5-percentage-point (pp) increase, followed by Healthcare, Life Sciences and Pharma at +4 pp. IT and Construction sectors are close behind at +3 pp. The core sectors and services are expected to see steady expansion, while trade-linked industries are likely to experience comparatively slower growth. Top Hiring Locations in 2026 In 2026, Bengaluru and Hyderabad are set to lead hiring with 3 percentage points growth, driven by tech, GCCs, AI, cloud, and semiconductor operations. Mumbai, Chennai, Pune, Kochi, and Tier-2 cities such as Coimbatore, Jaipur, and Baroda are expected to record a steady 2 percentage points growth, while Delhi-NCR remains flat. Overall, the trend reflects India’s shift toward a distributed, multi-city talent model. About foundit: foundit, formerly Monster (APAC & ME) is a leading talent platform offering comprehensive employment solutions to recruiters and job seekers across APAC & ME. In addition to a powerful AI-powered job search, foundit offers e-learning, assessments, and services related to resume creation, interview preparation, and professional networking. Since its inception, the company has assisted over 120 million job seekers across 18 countries in upskilling and connecting them with the right job opportunities. Over the last two decades, the company has been a leader in the world of recruitment solutions and has recently launched a cutting-edge solution to give recruiters access to passive candidates in addition to active ones. With the use of advanced technology, foundit is seeking to efficiently bridge the talent gap across industry verticals, experience levels, and geographies. Today, foundit is committed to enabling and connecting the right talent with the right opportunities by harnessing the power of deep tech to sharpen hyper-personalised job searches and offer precision hiring. Additionally, foundit has been recognised as a Great Place To Work, reflecting its dedication to fostering a supportive and dynamic work culture. To learn more about foundit in APAC & Gulf, visit: www.foundit.in | www.founditgulf.com | www.foundit.sg | www.foundit.my | www.foundit.com.ph | www.foundit.com.hk| www.foundit.id (Disclaimer: The above press release comes to you under an arrangement with NRDPL and PTI takes no editorial responsibility for the same.). PTI

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