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    Logistics Data Bank Tracks 10 Crore EXIM Containers, Provides Visibility across Logistics Chain
    APEDA and Government of Tripura Organise International Organic Buyer-Seller Meet to Expand Global Market Linkages
    WPI inflation eases to 9.78 pc in July on softening in fuel prices
    IDFC FIRST Bank secures its first international rating with Investment Grade from S&P Global Ratings
    DRI busts illegal drug manufacturing facility in Jewar, UP; 30 kg drugs seized and two persons arrested
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    India's exports to US rise 12.85 pc in Jul; shipments to China jump 64.57 pc: Govt data
    50 tonnes of copper without e-way bills seized by Delhi GST, Railways joint team
    India's exports surge 19.6 pc in Jul; trade deficit widens to six-month high
    CBI ARRESTS CGST SUPERINTENDENT IN BRIBERY CASE
    The cumulative exports (merchandise & services) during April-July 2026-27 is estimated at US$ 316.42 Billion, as compared to US$ 279.63 Billion in Apr...
    Unlimit Mobile Ties Up with ICICI Bank Canada, RBC Royal Bank to Add Mobile Connectivity Benefits to Student GIC Journey
    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
    Ratul Puri: Beyond Low-Cost Power to Clean Energy Reliability
    PMS Bazaar Collaborates with NSDL Database Management Limited (NDML Accreditation Agency) to Expand Access to SEBI Accredited Investor Certification
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August 14, 2026
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Logistics data visibility enables EXIM container tracking, operational analytics and multimodal shipment monitoring across India's logistics chain.
Logistics Data Bank provides near real-time visibility of India's EXIM container movement through technology-based tracking and stakeholder monitoring tools. RFID-based coverage extends across ports, terminals, inland logistics facilities, rail networks, industrial zones, borders and highways. The platform uses RFID, Internet of Things, Big Data and Cloud technologies, with analytics on dwell time, transit time, and port and terminal performance to identify logistics bottlenecks. LDB 2.0 adds high-seas tracking of export containers and multimodal shipment visibility.
August 14, 2026
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International organic buyer-seller linkages support Tripura producers through direct sourcing engagement, market access and sustainable export opportunities.
International Organic Buyer-Seller Meet in Tripura created a direct platform for organic producers, Farmer Producer Organisations, exporters and international buyers to explore sourcing opportunities, market requirements and long-term commercial linkages. Organic and naturally produced goods, including Queen Pineapple, GI-tagged Kalikhasa Rice, organic ginger and turmeric, black sesame, jackfruit and scented lemon, were showcased through product displays and producer interactions. The initiative seeks to strengthen global market access, sourcing partnerships and income opportunities for organic farmers.
August 14, 2026
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Wholesale price inflation moderation was driven by softer fuel prices, while manufactured goods and primary articles recorded higher inflation.
Wholesale price inflation moderated in July, led by a decline in fuel and power inflation and a marginal easing in food-article inflation. Inflation in manufactured products and primary articles increased, making the moderation uneven across groups. Mineral oils, food articles, basic metals, non-food articles, food products, and chemical products remained significant inflation drivers. The output Producer Price Index remained unchanged year-on-year, with lower manufacturing and mining inflation offset by higher agriculture and electricity producer-price inflation.
August 14, 2026
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International investment-grade issuer ratings support expanded foreign-currency funding, trade finance, correspondent banking and cross-border financial market access.
IDFC FIRST Bank's inaugural international investment-grade issuer credit ratings, with a stable outlook, are expected to improve access to international funding markets and global financial counterparties. The rating is intended to support standby letter of credit lines, foreign-currency funding through its GIFT City International Banking Unit, mobilisation of FCNR(B) deposits, correspondent banking relationships and cross-border trade finance. Strong capitalisation, improving profitability, stable asset quality and a granular retail funding profile underpin the outlook.
August 14, 2026
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Clandestine psychotropic drug manufacturing faces enforcement targeting precursor chemicals, concealed laboratories, illicit production networks and trafficking operations.
Enforcement action against clandestine manufacture of psychotropic substances led to the detection of a residential drug-production facility. Searches recovered amphetamine and intermediary forms, precursor chemicals, reagents, raw materials, and manufacturing equipment. Field testing indicated the presence of amphetamine, a psychotropic substance regulated under the Narcotic Drugs and Psychotropic Substances Act, 1985. The recovered apparatus and materials indicated illicit manufacture, while preliminary investigation pointed to short-term, intermittently operated facilities intended to conceal production activities.
August 13, 2026
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International banking unit expands cross-border financing, trade finance and foreign-currency service access through GIFT City operations.
UCO Bank has launched an International Financial Services Centre Banking Unit at GIFT City to provide permitted international banking services. The unit offers trade finance, external commercial borrowings, foreign-currency loans, loan syndication, treasury services and other permitted financial services. It serves Indian corporates, exporters, importers, financial institutions, overseas businesses and other eligible customers requiring cross-border financing and access to global financial markets. FCNR(B) deposits are also offered through the unit.
August 13, 2026
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Last-mile credit access is prioritised through timely lending, wider beneficiary coverage, digital support and stronger fraud vigilance.
Banking-sector participation is emphasised through last-mile credit access for MSMEs, women entrepreneurs, rural artisans, small farmers and other underserved beneficiaries. Banks are urged to expedite government-scheme applications, maximise coverage and use technology for timely financial support. Industrial-policy assistance and incentives cover startups, SC/ST entrepreneurs, persons with disabilities and first-generation entrepreneurs. Greater coordination, expanded village banking access, and vigilance against cyber fraud and mule accounts are also prioritised.
August 13, 2026
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Merchandise trade growth saw rising exports to major markets alongside increased imports and continuing United States trade-pact negotiations.
India's merchandise trade data records increased July exports to the United States and China, alongside growth in imports from both markets. Exports to Singapore, the United Arab Emirates, the Netherlands, Germany, South Africa, Tanzania, Australia, Malaysia, Sri Lanka, Italy and Vietnam showed positive growth, while July exports declined for the United Kingdom, Bangladesh, Saudi Arabia and Nepal. Imports also increased from Russia, Korea, Singapore, Germany, Oman, Malaysia, Taiwan and Brazil. India and the United States are negotiating a trade pact amid an additional United States tariff on India.
August 13, 2026
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GST transport documentation enforcement addresses freight movement of metals without valid e-way bills and invoices under applicable rules.
GST enforcement action led to the seizure of copper and aluminium ingots transported by freight train without valid e-way bills and invoices. The metals were found in three train wagons during inspection of parcel cargo. Further proceedings are to be undertaken under applicable GST rules concerning movement of goods without prescribed transport documentation.
August 13, 2026
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Merchandise trade deficit widens as import growth outpaces exports despite strong petroleum, electronics and engineering shipments.
Merchandise trade in July 2026 saw exports rise 19.63 per cent and imports increase 17.52 per cent, widening the trade deficit to a six-month high. Petroleum products, electronics, engineering goods and marine goods supported export growth, while crude oil and several commodity and capital-goods categories increased imports. During April-July 2026-27, faster import growth widened the cumulative merchandise trade deficit compared with the corresponding prior-year period.
August 13, 2026
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Bribery allegations in GST enforcement prompted arrest after alleged payment demand to avoid a tax-liability notice.
Bribery allegations involving GST enforcement led to the arrest of a CGST Superintendent after a complaint alleged that payment was demanded from a private company to avoid issuance of a tax-liability demand notice and to close the matter. A trap operation resulted in the public servant being apprehended while allegedly accepting part of the demanded bribe, and the amount accepted was recovered. Searches were undertaken, and investigation remained ongoing.
August 13, 2026
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Trade performance shows rising merchandise and services exports, but faster import growth expands the overall trade deficit.
India's combined merchandise and services exports and imports increased in July 2026 and April-July 2026-27, while the overall trade deficit widened. Cumulative exports were estimated at US$ 316.42 billion and imports at US$ 365.85 billion, resulting in a trade deficit of US$ 49.43 billion. Merchandise exports, non-petroleum exports, and exports excluding petroleum and gems and jewellery grew, led by petroleum products, electronic goods, engineering goods and chemicals. Services trade recorded a cumulative surplus of US$ 69.17 billion.
August 13, 2026
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Student GIC referral programmes integrate connectivity credits with funding verification and post-arrival banking arrangements for eligible international students.
Referral arrangements connect mobile connectivity benefits with the Student Guaranteed Investment Certificate application journey. Applicants may access an online portal through a referral link, submit documents, complete know-your-customer verification, and fund the GIC from permitted Indian bank accounts in no more than two transactions. After arrival, students may activate the GIC account and open a linked bank account for receipt of GIC transfers. Eligible verified applicants receive non-cash mobile credits usable only against mobile bills, subject to a cap on the bill portion payable through credits.
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.
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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.
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Customs & Trade

US Congress debating possible consequences for ICE and even Noem after Renee Good's killing

January 10, 2026

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Washington, Jan 10 (AP) The killing of a Minnesota woman by an Immigration and Customs Enforcement officer is reverberating across Capitol Hill where Democrats, and certain Republicans, are vowing an assertive response as US President Donald Trump's aggressive deportation operations spark protests nationwide.

Lawmakers are demanding a range of actions, from a full investigation into Renee Good's shooting death and policy changes over law enforcement raids to the defunding of Immigration and Customs Enforcement (ICE) operations and the impeachment of Homeland Security Secretary Kristi Noem, in what is fast becoming an inflection point.

“The situation that took place in Minnesota is a complete and total disgrace,” House Democratic leader Hakeem Jeffries of New York said as details emerged. “And in the next few days, we will be having conversations about a strong and forceful and appropriate response by House Democrats.” Yet there is almost no consensus among the political parties in the aftermath of the death of Good, who was behind the wheel of an SUV after dropping off her 6-year-old at school when she was shot and killed by an ICE officer.

The killing immediately drew duelling narratives. Trump and Noem said the ICE officer acted in self-defence, while Democratic officials said the Trump administration was lying and they urged the public to see the viral videos of the shooting for themselves.

Vice President JD Vance blamed Good, calling it “a tragedy of her own making,” and said the ICE officer may have been “sensitive” from having been injured during an unrelated altercation last year.

But Good's killing, at least the fifth known death since the administration launched its mass deportation campaign, could change the political dynamic.

“The videos I've seen from Minneapolis yesterday are deeply disturbing,” said Sen Lisa Murkowski, R-Alaska, in a statement.

“As we mourn this loss of life, we need a thorough and objective investigation into how and why this happened,” she said. As part of the investigation, she said she is calling for policy changes, saying the situation “was devastating, and cannot happen again.” Homeland Security funding is up for debate =========================== The push in Congress for more oversight and accountability of the administration's immigration operations comes as lawmakers are in the midst of the annual appropriations process to fund agencies, including the Department of Homeland Security (DHS), to prevent another federal government shutdown when money expires at the end of January.

As anti-ICE demonstrations erupt in cities in the aftermath of Good's death, Democrats have pledged to use any available legislative lever to apply pressure on the administration to change the conduct of ICE officers.

“We've been warning about this for an entire year,” said Rep Maxwell Frost, D-Fla.

The ICE officer “needs to be held accountable,” Frost said, “but not just them, but ICE as a whole, the president and this entire administration.” Congressional Democrats saw Good's killing as a sign of the need for aggressive action to restrain the administration's tactics.

Several Democrats joined calls to impeach Noem, who has been under fire from both parties for her lack of transparency at the department, though that step is highly unlikely with Republicans in control of Congress.

Other Democrats want to restrict the funding for her department, whose budget was vastly increased as part of Republicans' sweeping tax and spending bill passed last summer.

Connecticut Sen Chris Murphy, the top Democrat on the subcommittee that handles Homeland Security funding, plans to introduce legislation to rein in the agency with constraints on federal agents' authority, including a requirement that the Border Patrol stick to the border and that DHS enforcement officers be unmasked.

“More Democrats are saying today the thing that a number of us have been saying since April and May: Kristi Noem is dangerous. She should not be in office, and she should be impeached,” said Democratic Rep Delia Ramirez, who represents parts of Chicago where ICE launched an enhanced immigration enforcement action last year that resulted in two deaths.

Immigration debates have long divided Congress and the parties. Democrats splinter between more liberal and stricter attitudes toward newcomers to the United States. Republicans have embraced Trump's hard-line approach to portray Democrats as radicals.

The Republican administration had launched the enforcement operation in Minnesota in response to an investigation of the nonprofit Feeding Our Future. Prosecutors said the organisation was at the centre of the country's largest COVID-19-related fraud scams, when defendants exploited a state-run, federally funded programme intended to provide food for children.

Heading into the November midterm election, which Democrats believe will hinge on issues such as affordability and health care, national outcry over ICE's conduct has pressured lawmakers to speak out.

“I'm not completely against deportations, but the way they're handling it is a real disgrace,” said Rep Vicente Gonzalez, D-Texas, who represents a district along the US-Mexico border “Right now, you're seeing humans treated like animals,” he said.

Other ICE shootings have rattled lawmakers =========================== In September, a federal immigration enforcement agent in Chicago fatally shot Silverio Villegas Gonzalez during a brief altercation after Gonzalez had dropped off his children at school.

In October, a Customs and Border Protection agent also in Chicago shot Marimar Martinez, a teacher and US citizen, five times during a dispute with officers. The charges against Martinez brought by the administration were dismissed by a federal judge.

To Rep Chuy Garcia, D-Ill., Good's death “brought back heart-wrenching memories of those two shootings in my district.” “It looks like the fact that a US citizen, who is a white woman, may be opening the eyes of the American public, certainly of members of Congress, that what's going on is out of control,” he said, “that this isn't about apprehending or pursuing the most dangerous immigrants.” Republicans expressed some concern at the shooting but stood by the administration's policy, defended the officer's actions and largely blamed Good for the standoff.

“Nobody wants to see people get shot,” said Rep Rich McCormick, R-Ga.

“Let's do the right thing and just be reasonable. And the reasonable thing is not to obstruct ICE officers and then accelerate while they're standing in front of your car,” he said. “She made a mistake. I'm sure she didn't mean for that to happen, nor did he mean for that to happen.” (AP) NPK NPK

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