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    Sugar prices soar to Rs 70 per kg ahead of festive season in Bengal, jaggery also dearer
    Rupee gains 9 paise to 95.65 against US dollar in early trade
    Union Minister of State for Finance Shri Pankaj Chaudhary participated virtually in 21st Award Ceremony of Security Printing and Minting Corporation o...
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August 21, 2026
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Sugar supply pressures drive festive-season price increases as imports, stockholding limits and ethanol diversion shape market conditions.
Sugar prices in Bengal have risen sharply ahead of the festive season, with higher prices also affecting jaggery and other sugar-derived products. Supply constraints, mill stock releases, lower production in Brazil, ethanol diversion and possible hoarding have been identified as contributing factors. Raw-sugar imports have been permitted to augment availability, while stockholding restrictions limit inventories of specified bulk consumers. Lower projected closing stocks and possible future production effects from El Nino may sustain pressure on sugar availability and increase costs for sweetmeat producers.
August 21, 2026
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Foreign currency inflows and FCNR(B) deposits supported rupee sentiment, while oil prices and geopolitical risks constrained currency strength.
The rupee strengthened marginally against the US dollar as the dollar index softened, but elevated crude oil prices, geopolitical uncertainty, reduced foreign participation and net foreign equity outflows constrained currency sentiment. RBI measures to attract foreign currency inflows, including FCNR(B) deposits, were expected to generate substantial inflows, although these had not produced meaningful rupee strength. Energy-market disruption and restrictions on fuel exports through the Strait of Hormuz added to external-sector pressures.
August 21, 2026
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Sovereign security production priorities emphasise compliance, modernisation, employee innovation and operational excellence across currency, passport and coinage manufacturing.
SPMCIL performs a sovereign production mandate covering secure currency, coinage, passports and other products of national importance through its mints, currency presses, security presses and paper mill. Modernisation, compliance, transparency, efficiency, productivity, quality and corporate governance support the fulfilment of sovereign requirements. Individual employees and units were recognised for performance in productivity, environment and safety, energy conservation, knowledge and development, vigilance, and official-language implementation.
August 20, 2026
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Customs enforcement against suspected gold smuggling leads to baggage seizure and apprehension of the alleged intended receiver.
Customs officers intercepted an arriving passenger at the green channel on intelligence inputs and examined baggage after X-ray screening indicated suspicious images. The examination recovered two oval capsules containing gold paste concealed in the baggage. Interrogation indicated that an alleged receiver was waiting outside the airport to collect the suspected smuggled gold. Customs officers apprehended the alleged receiver, and further investigation remains underway.
August 20, 2026
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Provincial alcohol sales restrictions remain subject to economic impact assessment under proposed bilateral trade agreement negotiations.
Provincial control over alcohol distribution remains distinct from federal trade-making authority. Quebec retains authority over whether United States alcohol is offered through its government-controlled liquor distribution system, despite lacking a veto over a bilateral trade agreement. Federal requests to restore United States alcohol to retail shelves cannot compel provincial action. Proposed trade commitments also concern restrictions on United States agricultural products and Canada's dairy import regime, which applies lower tariffs within designated import volumes and higher duties beyond those volumes.
August 20, 2026
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Electoral-roll verification found no reported cases of specified foreign nationals receiving identity-linked benefits or voter registration.
Electoral-roll special intensive revision recorded no reported cases of Pakistani, Bangladeshi or Iranian nationals obtaining Aadhaar cards, ration cards, other government benefits, or voter registration. Illegal immigrants are identified through police monitoring, intelligence measures, specialised operations and a Special Task Force. Overstayers are recorded through the District Police Module and Foreigners Identification Portal and produced before Foreigners Regional Registration Officer authorities. Persons found to be residing illegally are reported to the concerned central divisions, proceeded against through registered cases, retained pending case disposal and exit permits, and subjected to deportation steps.
August 20, 2026
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Raw sugar tariff-rate quota permits duty-free imports while bulk consumers face consumption-based sugar stockholding limits.
Raw sugar imports are permitted duty-free under a tariff rate quota until 31 October 2026, with online allocation to eligible millers and refiners having functional refining capacity. Applicants must provide a refining-capacity declaration and supporting Consent to Operate; preference applies to importers undertaking timely completion of imports, while non-utilisation or failure to surrender allocations constitutes non-compliance. Bulk sugar consumers meeting the prescribed consumption threshold are subject to a stock cap of 15 days' consumption from 1 September to 30 November 2026.
August 20, 2026
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Duty-free raw sugar imports under tariff rate quota seek to improve domestic supply and contain rising sugar prices.
Duty-free import of 10 lakh metric tonnes of raw sugar is permitted under a tariff rate quota until 31 October 2026. The import-policy measure seeks to increase domestic raw-sugar availability and restrain rising local prices amid reduced opening stocks. Price-containment measures also include a stockholding limit for bulk consumers using more than 10 tonnes of sugar monthly, restricting holdings to 15 days' consumption.
August 20, 2026
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Reservation policy implementation is strengthened through capacity building, uniform institutional practices, welfare measures, and improved financial accessibility for Divyangjans.
Reservation policy implementation across Public Sector Banks, Public Sector Insurance Companies, sectoral regulators and Public Financial Institutions is being strengthened through a capacity-building workshop. The programme seeks uniform and effective application of Government reservation policies and related welfare measures. Senior human-resource functionaries and Chief Liaison Officers considered practical implementation issues, actionable measures for consistency, and operational concerns. It also focuses on improving accessibility of financial services for Divyangjans.
August 20, 2026
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Startup ecosystem support expands through digital infrastructure, mentorship, market linkages and specialised assistance for energy and climate-tech innovation.
DPIIT's collaborations with PhonePe and Shell India create support mechanisms for DPIIT-recognised startups through technology access, digital infrastructure, mentorship, market opportunities and industry networks. PhonePe will provide transaction credits, access to the Indus AppStore, onboarding support, brand visibility, and training on fintech, sales, go-to-market strategy and business scaling. Shell India will assist energy and climate-tech startups through mentorship, strategic guidance, investor and incubator connections, participation opportunities, and knowledge-sharing materials on innovation and best practices.
August 20, 2026
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India-Singapore economic cooperation advances through trade, investment, technology and business linkages, including agriculture, fintech and sustainable infrastructure collaboration.
India-Singapore economic cooperation was advanced through ministerial, business and government-to-business engagements focused on deepening bilateral trade, investment, technology and commercial linkages. Discussions addressed agri-exports, GCC-based commercial parks, fintech and sustainable infrastructure, alongside expanding agricultural market linkages. The engagements reinforced commitment to strengthening trade, investment, technology and business-to-business cooperation.
August 20, 2026
Show AI Summary
Responsible AI banking requires human oversight, explainable customer decisions, fair conduct, resilient systems and inclusive credit access.
Responsible AI in banking must promote inclusion, resilience and customer trust while preserving human judgement, governance accountability and clear responsibility. AI and alternative data may widen access to credit where data is obtained with consent, tested for reliability and bias, and used prudently. Banks must maintain capacity to challenge models, oversee providers, test systems under adverse conditions and intervene when automation fails. Material customer decisions must be explainable, clearly communicated and subject to review by an authorised person. Fair conduct, meaningful disclosure, impartial complaint review and transparent communication remain essential throughout the customer relationship.
August 20, 2026
Show AI Summary
Multi-Currency EEFC settlements let exporters retain foreign earnings and choose conversion timing for overseas payment obligations.
Multi-Currency EEFC Account settlements enable exporters and international businesses to receive payment settlements directly into Exchange Earners' Foreign Currency accounts in the original transaction currency without immediate conversion into Indian rupees. Retention of foreign currency earnings permits businesses to choose when conversion is required, reducing repeated foreign-exchange conversion cycles and supporting management of foreign-currency cash flows and overseas obligations.
August 20, 2026
Show AI Summary
Power semiconductor foundry expansion targets Indian fabless customers through technology showcasing, process development, and collaboration in the growing semiconductor market.
DB HiTek seeks to expand foundry business with Indian fabless semiconductor companies by showcasing power semiconductor and specialised process technologies. Its commercial focus includes BCD processes for automotive and industrial applications, together with silicon-carbide and gallium-nitride process development and planned volume production. Product-performance evaluations are underway with strategic customers. Customer expansion also covers X-ray, global-shutter, single-photon avalanche diode, specialty CIS, and mixed-signal/RF processes, supported by collaboration with local fabless firms.
August 20, 2026
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Money-laundering allegations over payments without services raise concerns about overseas transfers, identity-linked communications, and mineral smuggling.
Money-laundering allegations concern claimed payments by Cochin Minerals and Rutile Ltd. to Exalogic Solutions Pvt. Ltd., a company promoted by Veena T., without corresponding services. Searches reportedly yielded handwritten material referring to fund transfers to Dubai and digital material relating to a SIM card obtained in another person's name. Further allegations included overseas fund movement, hawala transfers, and possible thorium or monazite smuggling, all presented as allegations requiring examination.
August 20, 2026
Show AI Summary
Exchange stabilisation support aims to strengthen foreign-exchange resilience, reduce rollover dependence and restore access to longer-term market financing.
Pakistan has sought a proposed Exchange Stabilisation Support Facility to reinforce foreign-exchange stability and signal currency resilience to international capital markets. The strategy seeks to reduce reliance on short-term bilateral loans, deposits and rollovers by moving towards market-based financing with longer repayment periods. Improving sovereign creditworthiness through engagement with credit-rating agencies is intended to facilitate international market access, lower borrowing costs and enable longer-maturity debt raising.
August 20, 2026
Show AI Summary
Elephant ivory trade prohibition supports enforcement against wildlife trafficking, seizure of carved ivory articles, and further investigation.
Illicit trade in elephant ivory and articles manufactured from it is prohibited under the Wildlife (Protection) Act, 1972, supporting India's CITES obligations. Enforcement action against a wildlife-trafficking syndicate resulted in the interception of four persons and seizure of 54 carved ivory artefacts. The seized articles and apprehended persons were transferred to the State Forest Department for further investigation. The action forms part of continuing measures against unlawful trade in wildlife derivatives and biodiversity threats.
August 20, 2026
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Trade deficit pressures persist as energy-import costs and currency weakness offset record automobile and electronics export growth.
Japan recorded its highest July import and export values since comparable statistics began, but continued to experience a trade deficit as rising energy costs increased import expenditure. Higher crude oil prices and disruption to Middle East supply routes affected an economy reliant on imported oil, while a weak yen raised the cost of fuel, food and raw materials. Strong automobile, semiconductor and electronics exports benefited from currency weakness, which also increased the yen value of overseas earnings.
August 19, 2026
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Forged health-scheme cards allegedly enabled ineligible treatment and misuse of public healthcare funds through false beneficiary details.
Alleged misuse of Ayushman health-scheme cards involved collecting identity and ration-card details by promising free treatment, then creating forged beneficiary cards with false particulars. The alleged scheme enabled treatment for ineligible persons and purported claims of government health-scheme funds. Police arrested five persons, recovered purported forged identity and beneficiary cards, and are investigating possible involvement of hospital and medical-office personnel, the scale of card forgery, and alleged diversion of public funds.
August 19, 2026
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MSME competitiveness requires affordable credit, technology adoption, formalisation, sustainable trade and stronger export-market access for inclusive growth.
MSME development is identified as central to employment generation, exports, entrepreneurship, economic resilience and self-reliance. Key priorities include affordable credit, technology upgradation, supply-chain integration, market access, brand-building and reduced red tape. Formalisation of micro industries is emphasised to expand institutional credit access, while sustainable trade is promoted through green technologies and renewable energy. Export competitiveness is to be strengthened through regional production capabilities and the "One District, One Export Hub" initiative.

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News and Press Release

Fight against malnutrition must become a collective national movement: Union Minister of Commerce and Industry Shri Piyush Goyal

January 6, 2026

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Whole-of-government approach ensuring nutrition, affordability and last-mile delivery: Shri Piyush Goyal

Root cause approach and innovation essential to eliminate malnutrition sustainably: Shri Piyush Goyal

CSR emerging as powerful instrument for social transformation and nutrition security: MoS for Cooperation Shri Shri Krishan Pal Gurjar

Union Minister of Commerce and Industry Shri Piyush Goyal today emphasised that the fight against malnutrition must be pursued as a collective national responsibility, involving government, corporates, communities and individuals alike. Addressing a CSR Conclave on Nutrition organised by the National Dairy Development Board (NDDB) in New Delhi, the Minister said that eliminating malnutrition is essential for building a Viksit Bharat and securing the country’s long-term social and economic future.

Shri Goyal said that Corporate Social Responsibility (CSR) provides a unique opportunity to link business with social impact, particularly in addressing malnutrition. While the law mandates companies to spend 2 per cent of their net profits on CSR activities, he said this should be seen as the minimum threshold and not a limitation. He described CSR not as a burden, but as a valuable opportunity to contribute meaningfully to society.

Highlighting that the spirit of service is deeply embedded in India’s history, culture and traditions, Shri Goyal said that many individuals and organisations voluntarily commit a portion of their profits to social causes, far exceeding the mandated Corporate Social Responsibility (CSR) requirement. He said the current programme serves as a wake-up call for all stakeholders to intensify efforts against malnutrition.

Minister of State for Cooperation Shri Krishan Pal Gurjar while addressing the conclave said that CSR has emerged as a powerful instrument for social transformation, moving beyond philanthropy to become a means of strategic social investment. He highlighted that programmes such as Shishu Sanjeevani demonstrate how the cooperative framework can effectively translate CSR resources into tangible social outcomes by ensuring local participation, transparency and impact. Appreciating initiatives like Gift Milk and Shishu Sanjeevani by NDDB, he said these programmes focus on aspirational districts, tribal areas, Anganwadi centres and government schools, ensuring alignment with local needs and last-mile delivery. The Minister emphasised that supporting institutional platforms such as the NDDB Foundation for Nutrition through CSR is not merely a statutory requirement but an active contribution to inclusive development and nation-building, in line with the spirit of “Sabka Saath, Sabka Vikas.”

Building on this approach of collaborative action, Shri Piyush Goyal said that malnutrition is a complex challenge that requires coordinated action. Shri Goyal highlighted that the programme is a strong example of inter-ministerial coordination, with the Ministry of Commerce and Industry, the Department of Animal Husbandry and Fisheries, the Ministry of Cooperation, the Ministry of Panchayati Raj, and the Ministry of Women and Child Development working together in line with the Prime Minister’s vision of a “whole-of-government approach”, under which all departments work in synergy to address national priorities. When the entire government moves together, programmes become more effective and impactful at the grassroots level, he added.

Shri Goyal said that NDDB is playing the role of an umbrella organisation in this programme, enabling collaboration between government and industry. He highlighted the critical role of the Department of Animal Husbandry and Fisheries in ensuring access to nutritious food, particularly milk and fish, which are rich sources of nutrition. Through government-supported institutions, nutritious food can be made available at affordable prices to address malnutrition, he said.

The Minister underscored the central role of the Ministry of Women and Child Development in addressing the root causes of malnutrition. He said that ensuring proper nutrition during pregnancy and early childhood is crucial, as malnutrition often begins even before birth. Adequate nutrition for pregnant women and children during their formative years significantly improves long-term health outcomes, he noted.

Emphasising the importance of saturation, Shri Goyal said that programmes must reach every village, every household and every section of society. He said this initiative connects corporates with beneficiaries and ensures that different stakeholders play their respective roles in reaching the grassroots.

The Ministry of Cooperation and Panchayati Raj institutions are crucial in taking these initiatives to the grassroots level, ensuring reach to every village and household. The collective involvement of all five ministries reflects coordinated governance aimed at ensuring nutrition, affordability and last-mile delivery.

Shri Goyal said that the Prime Minister consistently stresses innovation and innovative financing, as the government alone cannot fight malnutrition. He described the programme as an innovative model that links CSR directly with nutrition outcomes. By connecting corporates, PSUs and industry with the fight against malnutrition, the initiative creates shared value for society and the economy, he said.

The Minister said that addressing malnutrition also benefits farmers by increasing income through fisheries and animal husbandry. He noted that a single programme can simultaneously benefit farmers, women and children, and that large participation from these groups demonstrates the inclusive nature of the initiative.

From a management and policy perspective, Shri Goyal stressed the need for root cause analysis. He said that to eliminate malnutrition sustainably, interventions must focus on pregnancy and early childhood, and continue through the growing years to prevent stunting and underweight conditions.

He added that initiatives such as Fit India, yoga and sports also contribute to healthier lives, and that a malnutrition-free India is fundamental to achieving the goal of a developed nation. He noted that globally, the fight against malnutrition is a priority under the Sustainable Development Goals, and that access to clean drinking water through initiatives such as the Jal Jeevan Mission also plays a role by preventing diseases that lead to malnutrition.

Appealing to corporates, Shri Goyal said that investing in nutrition is an investment in India’s future workforce, future markets and future economic growth. Healthy children grow into healthy, productive and employable citizens, which benefits businesses by creating future employees and consumers, he said.

The Minister urged the media to highlight how CSR-driven nutrition initiatives are good for business and for the future of India. He said that the satisfaction derived from contributing to the fight against malnutrition instils a deep sense of responsibility and must be seen as a duty.

Calling for a people’s movement against malnutrition, Shri Goyal said that CSR should not be confined to corporates alone. He encouraged individuals to use personal milestones and celebrations as opportunities to serve society, including feeding children in orphanages and patients in hospitals.

As India works to lift 25 crore people out of poverty with speed and scale, Shri Goyal said the fight against malnutrition must be pursued with the same determination. He stated that the goal should be to ensure that not a single child in the country is malnourished or born with preventable diseases.

The Minister assured participants that the government is keen to receive new ideas and constructive suggestions through appropriate channels, including the Prime Minister’s website and concerned ministries. He expressed confidence that with collective effort, innovation and active participation of society, the goal of a malnutrition-free India is achievable.

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