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    Sugar ex-mill prices down 18 pc to Rs 55/kg after import move, curbs on hoarding: Food secretary
    SBI eyes USD 10 bln from NRIs, foreign investors ahead of RBI swap window closure
    Industrial power tariff hike: WBSEDCL says proposed rise capped to DVC area, rates still competitive
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    'Only 6.83 per cent after 4 years': Omar Abdullah defends J&K power tariff hike
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August 25, 2026
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Sugar import authorisation and anti-hoarding controls aim to moderate ex-mill prices amid adequate domestic stocks.
Raw sugar imports were permitted, while stock limits were imposed on bulk consumers. States were directed to strengthen inspections, and nationwide flying squads were deployed to identify hoarding and speculative conduct. These measures target sugar availability and distribution across wholesale and retail channels. Ex-mill prices declined following the measures, although wholesale and retail prices had not yet reflected the reduction.
August 25, 2026
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Foreign-currency swap window closure focuses non-resident deposit mobilisation, while ECB hedging support continues for public-sector borrowers.
RBI's concessional Foreign Currency Non-Resident Bank deposit swap window closes on August 31, replacing the previous September 30 cut-off. Separately, the special US dollar-rupee foreign-exchange swap window remains available until December 31, 2026, providing concessional currency-hedging support to public sector undertakings raising external commercial borrowings. SBI expects to mobilise predominantly through deposits from non-resident Indians and foreign investors, with external commercial borrowings also visible.
August 25, 2026
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Industrial power tariff revision applies only within the shared distribution area, while steel producers seek rollback and fuel supply support.
Industrial electricity tariff revision is proposed from 1 September for 33 KV and 11 KV consumers within the Damodar Valley Corporation command area. The increase is confined to the shared distribution-licence area, while a separate and higher tariff structure applies outside it. Steel and sponge-iron industry associations oppose the revision on the basis that it will raise energy costs and affect investment conditions. They seek withdrawal of the increase and request continuing supplies of high-grade coal and iron ore for sponge-iron production.
August 25, 2026
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Institutional capital facilitation prioritises repatriation, market access, regulatory predictability, and cross-border partnerships supporting technology-led long-term investment.
India-Japan investment engagement focuses on increasing long-term Japanese institutional capital flows through an enabling business environment, intellectual property protection, policy reforms and integration with global value chains. Facilitation measures include simpler profit repatriation processes, improved access to Indian capital markets, greater regulatory predictability and a seamless cross-border investment environment. GIFT City is explored as a gateway for international capital and Japan-India investment flows.
August 25, 2026
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Strategic investment partnership prioritises semiconductor manufacturing, resilient supply chains and advanced industrial collaboration between Indian and Japanese businesses.
India-Japan economic cooperation is directed toward deeper trade, investment, technology and business-to-business linkages, including economic security, supply-chain resilience, clean energy and innovation. Collaboration is focused on capital goods, machinery, automotive and advanced manufacturing, with stronger connections between Japanese enterprises and India's Tier-II and Tier-III suppliers, including Micro, Small and Medium Enterprises. Semiconductor manufacturing is identified as a significant investment area. The India-Japan Special Strategic and Global Partnership supports expanded engagement with manufacturing ecosystems, global value chains and resilient supply chains.
August 25, 2026
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Bilateral trade and investment cooperation advances through customs alignment, digital payment integration, market access discussions and investment treaty completion.
India-Cambodia trade and investment cooperation addressed trade diversification, market access, customs alignment, digital payments and investment facilitation. Discussions covered traditional medicine, e-governance, recognition of the Indian pharmacopeia, trade statistics, agricultural cooperation, banking and insurance. The parties agreed on an MoU on Customs Cooperation to promote uniform customs procedures and considered early completion and signature of the Bilateral Investment Treaty. UPI-KHQR payment integration, investment promotion, priority-sector cooperation and a private-sector feedback mechanism were also discussed.
August 25, 2026
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Voluntary pharmaceutical export compliance framework promotes legitimate trade while safeguarding controlled substances through information sharing and coordinated capacity building.
The Memorandum of Understanding creates a cooperative framework for legitimate pharmaceutical exports and safeguards against diversion of narcotic drugs, psychotropic substances and controlled precursors. A voluntary, non-binding code of conduct will recommend industry practices without imposing obligations beyond applicable law. Cooperation includes identifying export bottlenecks, streamlining procedures for compliant exporters, capacity-building programmes, lawful and confidential information sharing, and nomination of company contact persons to coordinate voluntary compliance measures.
August 25, 2026
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USD-INR forex swap facility accelerates foreign-currency mobilisation through non-resident deposits and institutional borrowing, strengthening India's external buffers.
USD-INR forex swap facility for FCNR(B) deposits, overseas foreign-currency borrowings and external commercial borrowings enabled banks to access foreign-currency funding through a special swap window. FCNR(B) deposits formed the principal component of the reported foreign-exchange inflows, reflecting participation by non-resident Indians. The FCNR(B) window was scheduled for early closure after the stated mobilisation objective was achieved ahead of schedule, and the inflows were presented as strengthening external buffers through long-term non-resident deposits and institutional funding.
August 25, 2026
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Foreign-exchange intervention moderated rupee depreciation as crude prices, importer dollar demand and geopolitical uncertainty sustained currency-market pressure.
Foreign-exchange conditions reflected a marginal weakening of the rupee against the US dollar, influenced by elevated crude-oil prices, importer demand for dollars, weaker Asian equities and geopolitical uncertainty. The currency remained within a narrow trading band, with RBI dollar sales described as moderating sharper depreciation. The RBI's special USD-INR forex swap facility for FCNR(B) deposits, Overseas Foreign Currency Borrowings and External Commercial Borrowings mobilised substantial foreign-exchange inflows, indicating support from non-resident Indian participants.
August 24, 2026
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Prior government sanction for public servants is contested as essential before money-laundering proceedings may validly proceed for official-duty acts.
Prior prosecution sanction is asserted to be a jurisdictional precondition for money-laundering proceedings against a public servant for acts connected with official duty. A former police officer challenges cognizance and process for want of sanction under the criminal procedure framework and the Maharashtra Police Act, relying on sanctions subsequently granted for co-accused public servants. The allegations concern collection of funds through the officer and their alleged laundering through an educational trust.
August 24, 2026
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Rupee exchange-rate movement gained marginal support from foreign equity inflows despite crude oil, importer demand and geopolitical pressures.
Rupee exchange-rate movement against the US dollar reflected a marginal appreciation, supported by foreign fund inflows into domestic equities. Trading remained within a narrow range amid pressures from higher crude oil prices, continuing importer demand, and geopolitical concerns. Market conditions also included a stronger dollar index, lower Brent crude futures, domestic equity declines, and net foreign institutional investment. Elevated oil prices and geopolitical uncertainty indicated a slight negative bias, while possible US dollar weakness could support the rupee.
August 24, 2026
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Retaliatory trade measures may target electricity, critical minerals and integrated automotive supply chains amid escalating cross-border tariff disputes.
Canada-United States trade relations involve escalating tariffs and contemplated reciprocal restrictions affecting goods, automotive production, electricity exports and critical-mineral supplies. Potential Canadian countermeasures include limiting or increasing the price of Ontario electricity exports and restricting supplies of critical minerals, with oil and potash also identified as possible leverage. The automotive sector faces particular exposure because Ontario production and supply chains are integrated with United States manufacturing. Negotiations also raised concern over limits on Canada's ability to conclude trade agreements with other countries without United States approval.
August 24, 2026
Show AI Summary
Mandatory biometric updates for students support continued Aadhaar authentication and access to education, scholarship and benefit-related services.
Mandatory Biometric Update camps have been launched in schools across Tamulpur district, Assam, for eligible students aged 5 to 17 years to update Aadhaar biometrics. Aadhaar biometrics require updating on attaining five years of age and again on attaining fifteen years. Timely updating supports continued Aadhaar authentication and helps avoid difficulties in accessing services where authentication is applicable, including school admissions, entrance-examination registration, scholarships and Direct Benefit Transfer schemes.
August 24, 2026
Show AI Summary
Electricity tariff affordability requires immediate review, withdrawal of higher consumer charges, and relief measures for economically weaker households.
Electricity tariff increase in Jammu and Kashmir has been opposed as imposing an unjustified and unaffordable financial burden on domestic consumers amid rising household costs. Immediate review and withdrawal of the increase are sought, together with measures to reduce electricity costs for domestic consumers, particularly economically weaker sections, and ensure affordable, reliable power supply.
August 24, 2026
Show AI Summary
Wheat export liberalisation replaces prohibitions to support farm prices while domestic stocks are expected to protect consumer supply.
Wheat and wheat-product exports are liberalised with immediate effect by revising their export policy from prohibited to free. The change covers wheat, wheat flour, maida, semolina and wholemeal atta, replacing the earlier export-ban framework and simplifying exports previously permitted through licences. The measure aims to support farmers amid depressed domestic prices, while adequate domestic availability and buffer stocks are expected to meet demand and moderate consumer prices.
August 24, 2026
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Food safety compliance failures trigger licence suspensions for deficient hygiene, storage, refrigeration, sanitation and valid licensing practices.
Food safety enforcement measures resulted in suspension of food licences or registrations where establishments failed hygiene, food handling, storage, refrigeration, sanitation and licensing requirements. Deficiencies included unsafe temperature control, unclean refrigeration equipment, improper food storage and thawing, inadequate sanitisation, deteriorated or expired materials, deficient oil-quality checks, artificial colouring, pest infestation, cross-contamination risks and inadequate drainage. One outlet was also found to be operating under the name of an establishment without a valid food licence, resulting in suspension of its registration certificate.
August 24, 2026
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Central Board Governance expands through appointments of part-time non-official directors for defined terms, alongside central bank and government representatives.
Appointments to the Reserve Bank of India's Central Board expand its part-time, non-official director membership. Syed Akbaruddin, Annie George Mathew and Janmejaya Kumar Sinha have been appointed for four years from 24 August 2026, or until further orders, whichever occurs earlier. The Central Board also includes the Governor, deputy governors, the economic affairs secretary and the financial services secretary.
August 24, 2026
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Electricity tariff adjustment is linked to inflation and transmission losses, while free household units remain separately implemented.
Electricity tariff increase of 6.83 per cent after four years is presented as necessary in light of inflation and rising costs. Reducing transmission and distribution losses is identified as a means of limiting future tariff increases. Provision of 200 units of free electricity for poor and needy households through solar panels under the Muft Bijli Yojana is treated as distinct from tariff revisions.
August 24, 2026
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Sugar supply management measures target speculative stockpiling through imports, stockholding limits and earlier crushing to moderate prices.
Sugar supply is characterised as adequate, and higher prices are attributed principally to speculative buying and advance stockpiling, alongside lower output, seasonal demand and global price pressures rather than an actual shortage. Duty-free raw sugar imports and stockholding limits are intended to augment availability, curb speculative accumulation and stabilise market sentiment. Imports, existing stocks, special crushing and an earlier crushing season are expected to moderate prices and improve festive-period supply. Ethanol diversion is not identified as a cause of the price movement.
August 24, 2026
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Wheat export policy shifts to free trade, lifting restrictions on wheat flour, maida, semolina and wholemeal atta exports.
Wheat export policy has been revised from prohibited to free with immediate effect, lifting the export ban on wheat and related wheat products. The liberalised export treatment extends to wheat flour, maida, semolina and wholemeal atta. The restriction had been imposed to address rising domestic prices, and its removal is expected to improve international wheat availability.

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Customs & Trade

Celebrities, politicians, corporate giants in Delhi HC in 2025 seeking relief

December 31, 2025

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New Delhi, Dec 31 (PTI) Several Bollywood stars, senior politicians and corporate giants approached the Delhi High Court in 2025 seeking relief in high-profile legal disputes ranging from protection of their personality to constitutional rights.

The entire judiciary was rocked after burnt wads of huge currency notes were found at the official residence of Justice Yashwant Varma, the then sitting Delhi High Court judge, on March 14. He is currently serving at Allahabad High Court sans judicial work and facing parliamentary inquiry ahead of probable impeachment motion for his removal.

The high court remained in news for suspending the life sentence of expelled BJP leader Kuldeep Sengar, who was convicted for raping a minor girl, and also for denying bail to 10 persons including Umar Khalid and Sharjeel Imam in the "larger conspiracy" case of February 2020 riots by ruling that "conspiratorial" violence under the garb of demonstrations or protests by citizens cannot be allowed.

However, the decision suspending the life term of Sengar was quickly stayed by the apex court amid huge public uproar over the high court order.

Big shots including Bollywood actors Aishwarya Rai Bachchan, her husband Abhishek Bachchan, her mother-in-law Jaya Bachchan, Salman Khan, Hrithik Roshan, R Madhavan and Ajay Devgn, filmmaker Karan Johar, singer Kumar Sanu, Telugu actor Akkineni Nagarjuna, 'Art of Living' founder Sri Sri Ravi Shankar, journalist Sudhir Chaudhary and podcaster Raj Shamani approached the high court seeking protection of their personality and publicity rights. The court granted them interim relief.

The list also includes Telugu actor NTR Junior and Andhra Pradesh Deputy Chief Minister Pawan Kalyan and former cricketer Sunil Gavaskar who urged the court to protect their personality rights by restraining unauthorised use of their name, image, likeness, persona and voice.

Bollywood actress Karisma Kapoor's two children also hotly contested their suit in the high court challenging the authenticity of the purported will of their late father Sunjay Kapur with the kids accusing his wife Priya Kapur of being "greedy" and terming her "Cinderella stepmother".

Priya Kapur also left no stone unturned to defend herself and the will of her husband, who passed away in June after collapsing and reportedly suffering a cardiac arrest during a polo match in England, her husband's will and informing the court that the actress' children have already received Rs 1,900 crore from the family trust. Karisma's children are seeking share in the assets reportedly worth Rs 30,000 crore.

The year also saw challenge on release of several movies, including "Dhurandhar", "Udaipur Files", "2020 Delhi", in theatres and web series on OTT platforms with the high court either refusing to interfere or granting partial reliefs.

The high court also set aside the CIC orders directing disclosure of details related to Prime Minister Narendra Modi's bachelor degree and BJP leader Smriti Irani's class 10 and 12 records, saying just because they were holding a public office, it did not render all their "personal information" to public disclosure. An appeal against the single judge's order is pending before a division bench.

At the fag end of the year, the high court asked Congress leaders Sonia and Rahul Gandhi and others to respond to a plea by the Enforcement Directorate challenging the order of the trial court that refused to take cognisance of its charge sheet against them in the National Herald case.

Besides them, several other politicians like TMC leaders Mahua Moitra and Saket Gokhale, AAP leaders Arvind Kejriwal, Manish Sisodia and Atishi and Jammu and Kashmir MP Sheikh Abdul Rashid were also in the high court contesting their respective legal battles.

Taking student leaders to task, the high court pulled up the authorities and Delhi University Student Union candidates over the defacing of public and private property during campaigns and showing muscle and money power.

It highlighted that students’ suicides are becoming more frequent and emphasized that a proper, functional and effective anti-ragging helpline is an immediate and utmost necessity.

In a separate case related to the death of law student Sushant Rohilla by suicide in 2016 after allegedly being barred from sitting for the semester exams due to lack of requisite attendance, the high court passed a slew of directions including that no law college or university can bar students from taking examinations due to lack of minimum attendance and directed the Bar Council of India to re-evaluate the mandatory attendance norms.

It also held as maintainable and agreed to hear a plea by the Popular Front of India (PFI) against a tribunal order upholding the Centre's five-year ban on the group. Several accused in terror funding cases also failed to get any relief from the high court.

Corporates like Apple Inc, Indigo and Spicejet were also contesting their legal battles in the high court. While Tech giant Apple approached the high court challenging CCI’s direction to furnish its audited financial statements, interGlobe Aviation which operates the IndiGo airline sought refund of more than Rs 900 crore paid as customs duty on aircraft engines and parts re-imported into India after overseas repairs.

PILs were also filed against Indigo to compensate passengers affected by the cancellation of hundreds of its flights in November and December, citing changes in the pilots’ flight duty and regulatory norms.

In the case concerning SpiceJet, the high court dismissed an appeal of media baron Kalanithi Maran challenging a certain portion of a single judge's order upholding an arbitral award in relation to his dispute with the airlines and its promoter Ajay Singh. Though the arbitral tribunal had passed the award in favour of Maran and his company Kal Airways, it had rejected certain claims raised by him.

In a jolt to the hospitality industry, the high court dismissed the petitions of restaurant bodies against the Central Consumer Protection Authority (CCPA) guidelines prohibiting hotels and restaurants from mandatorily levying service charge on food bills. It held that this was against public interest and amounted to unfair trade practice.

Several COVID-19 related matters also saw closure in 2025 with the high court quashing a criminal case against Indian cricket team head coach Gautam Gambhir, his foundation and others for allegedly illegally stocking and distributing COVID-19 drugs during the pandemic.

The court also quashed 16 cases against 70 Indian nationals for housing foreign attendees of Tablighi Jamaat congregation in March 2020 allegedly in violation of COVID-19 norms.

The high court saw several fresh appointments of judges, transfers, retirements and elevations during the year, taking its current strength to 44 as against the sanctioned strength of 60. PTI SKV SJK ZMN

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