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August 18, 2026
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Industrial corridor development prioritises empowered SPVs, integrated infrastructure and investor-ready parks to accelerate manufacturing investment and operations.
National Industrial Corridor Development Programme implementation prioritises timely infrastructure completion, land allotment, investment mobilisation and commencement of manufacturing. PM GatiShakti-aligned planning requires integrated connectivity, utilities and social infrastructure, while States should resolve land, clearance and SPV-power bottlenecks. BHAVYA proposes investment-ready, plug-and-play industrial parks appraised for ready land, credible demand, connectivity, utilities, realistic phasing and early investor attraction. NICDIT routes Government participation and equity support for BHAVYA project SPVs, and NICDC coordinates implementation and monitoring.
August 17, 2026
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RERA compliance exemption for stalled housing projects raises whether statutory obligations may be waived to enable phased project completion.
RERA compliance exemption is sought for completion of 16 stalled residential projects by a public sector construction entity appointed under a project-completion arrangement. The appellate insolvency tribunal declined to direct a waiver, considering itself incompetent to exempt compliance with statutory provisions. The arrangement requires phased completion, award and commencement of construction work, and oversight through an apex committee and project-wise committees. The projects remain incomplete owing to the developer's financial crisis.
August 17, 2026
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Deposit mobilisation and youth banking guide strategies for stronger public financial institutions, investment financing and Global Capability Centre opportunities.
PSB Confluence 2026 considers strategic priorities for Public Sector Banks and Public Financial Institutions across deposit mobilisation, banking for youth, investment-cycle financing and Global Capability Centres. Discussions seek practical, scalable strategies to strengthen customer engagement, youth-responsive banking propositions, institutional financing capabilities and participation in the expanding Global Capability Centre ecosystem. Youth engagement may use the MY Bharat platform to strengthen links with the formal financial system and awareness of education finance, entrepreneurship, internships and financial-sector careers. Further themes include value-chain infrastructure, priority sector lending and credit card business reform.
August 17, 2026
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Banking-sector reform will guide lender capacity, financial stability, inclusion, consumer protection, deposit growth and responsible credit-card expansion.
Banking-sector reform is proposed through a high-level committee on Banking for Viksit Bharat to review the sector and align it with growth needs while safeguarding financial stability, financial inclusion and consumer protection. Key themes include deposit mobilisation, youth banking, investment support, global capability centres, value-chain infrastructure, credit cards and priority-sector lending. Public-sector banks are expected to improve competitiveness through technology, sectoral expertise, product adaptation and customer-focused deposit growth. Credit-card development must maintain responsible underwriting, customer protection and appropriate risk controls.
August 17, 2026
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FCNR(B) concessional swap facility availability narrows to timely mobilised deposits amid rupee depreciation and foreign currency inflow concerns.
Foreign-exchange conditions reflected rupee depreciation amid weak domestic equity markets and higher crude oil prices. FCNR(B) concessional swap facility availability is confined to foreign currency deposits mobilised by banks within the revised cut-off period, replacing the previously longer mobilisation window. The facility is intended to encourage foreign currency inflows, while banks use the FCNR(B) scheme to mobilise foreign currency deposits through attractive interest rates.
August 17, 2026
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Banking sector review panel will align future growth with financial stability, inclusion and consumer protection through government recommendations.
High Level Committee on Banking for Viksit Bharat is proposed to comprehensively review the banking sector and align it with India's next phase of growth. It is intended to safeguard financial stability, financial inclusion and consumer protection, while providing views and recommendations to the Government on banking-sector development and reform.
August 17, 2026
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Prime Minister Internship Scheme enhances youth employability through paid industry exposure, cross-field learning, workplace readiness and potential full-time employment.
The Prime Minister Internship Scheme provides paid internships with leading companies across India to improve youth employability through practical workplace exposure, industry experience and skills development. It addresses the gap between classroom learning and employers' expectations of workplace readiness. Participation is not confined to academic qualifications, allowing youth to pursue fields of interest and gain hands-on professional learning. Strong internship performance may lead to full-time roles, while the scheme stresses responsible work where errors may affect quality, consumer safety and organisational reputation.
August 17, 2026
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SAFTA origin fraud in areca imports allegedly enabled improper duty exemption through false Bangladeshi-origin declarations.
SAFTA preferential duty treatment for areca-nut imports was allegedly misused by falsely declaring goods originating in South-East Asian countries as Bangladeshi origin. Since areca nuts normally attract 100% basic customs duty, the scheme sought to obtain the full SAFTA exemption reserved for qualifying Bangladeshi goods meeting Rules of Origin requirements. The alleged mechanism included routing goods through Bangladesh, changing containers and bags, using improperly obtained Certificates of Origin, and facilitating clearance through importers, Customs Brokers and IEC holders. Investigative findings also indicated cash proceeds, hawala channels and dummy entities.
August 17, 2026
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FCNR(B) concessional swap facility closure may reduce temporary foreign-currency inflow support and heighten rupee weakness concerns.
The Reserve Bank of India restricted its concessional swap facility for FCNR(B) deposits to deposits mobilised by August 31, advancing the earlier cut-off date. The facility was intended to encourage foreign-currency inflows, while banks mobilise such deposits through attractive interest rates. Market commentary indicated that existing inflows may support the rupee in the near term, but the curtailed availability of the facility could reduce this temporary cushion and increase depreciation risk.
August 16, 2026
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Temporary tariff suspension for earthquake recovery is sought to ease pressure on affected Colombian businesses.
Temporary suspension of high tariffs on Colombian products has been sought to support business recovery following a severe earthquake declared a natural disaster. The request links tariff relief to economic disruption affecting businesses amid extensive destruction, injuries and missing persons. United States emergency assistance has been provided through food, shelter and health supplies, while no response to the tariff-suspension request had been reported.
August 16, 2026
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Port-led industrial development and direct export operations aim to expand logistics infrastructure, market access and trade connectivity.
Mission Samudra is proposed as a port-led industrial and logistics development programme linked to the commencement of export-import operations at Vizhinjam seaport. It covers industrial clusters, new cities, port connectivity, logistics, development initiatives, programme management and capacity building. Direct export shipments are intended to improve overseas-market access and reduce transit time and logistics costs, particularly for small and medium enterprises. The framework also anticipates growth in warehousing, cold storage, container freight stations and logistics parks, supported by private participation and road and rail connectivity.
August 16, 2026
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Electric vehicle export diversification strengthens India's presence across European, Asia-Pacific and Latin American markets through expanding overseas demand.
India's electric motor car exports expanded sharply in the first quarter of 2026-27, reflecting increased international acceptance and competitiveness of India-manufactured electric vehicles. Europe became the principal export destination, led by Spain and the United Kingdom, with further demand across several European markets. Exports also reached Asia-Pacific markets, Nepal and emerging Latin American destinations. This wider market presence reflects improving quality and safety standards, stronger integration into global electric-vehicle supply chains, and diversification of India's electric-vehicle export profile.
August 16, 2026
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LPG production preparedness requires refiners and upstream producers to maintain capacity and increase output during supply constraints.
Government has established a standing LPG production preparedness framework under which refining companies, oil marketing companies and upstream producers may be directed to increase production during supply constraints. Companies must maintain adequate LPG storage, evacuation and transportation infrastructure and pursue technically and economically feasible production-enhancing measures. Written directions may prescribe production quantities and periods, including restrictions on alternative uses of input streams required for LPG. The production schedule is updated twice yearly to reflect new facilities and added capacity from infrastructure, technology and distribution improvements.
August 16, 2026
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Free trade agreement market access requires MSMEs, farmers and exporters to meet global quality standards.
Free trade agreements expand market-access opportunities for Indian MSMEs, exporters and producers through reduced or eliminated import duties on traded goods. Textiles, machinery, medicines, seafood and agricultural products can access international markets where they meet global standards and remain competitively priced. Farmers and producers are encouraged to develop export-oriented products, including chemical-free agricultural produce, while MSMEs may use preferential trade access to support manufacturing, exports, employment and growth.
August 15, 2026
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Chemical-free farming can strengthen agricultural exports by meeting global standards and responding to rising international demand.
Chemical-free farming is urged to meet growing global demand and expand agricultural exports. Agricultural products must meet global parameters to facilitate access to international markets, including markets opened through free trade agreements. Food processing, export-oriented farm production, and global branding of traditional cuisine, millets, spices, fruits and flowers are identified as important elements of agriculture and food production policy.
August 15, 2026
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Voluntary foreign asset disclosure allows eligible taxpayers to regularise overseas holdings with immunity from further tax, penalties and prosecution.
FAST-DS permits eligible taxpayers to disclose specified undisclosed foreign assets, foreign income, and foreign assets omitted from return schedules. Undisclosed assets or income not previously offered to tax may be declared up to Rs 1 crore on payment of an effective 60 per cent levy, based on fair market value as of 31 March 2026. Assets already offered to tax, or acquired during non-resident status but omitted from the return schedule, may be declared up to Rs 5 crore on payment of a fee. Valid declarations provide immunity from further tax, penalty and prosecution, while declared amounts are excluded from total income.
August 15, 2026
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Global pharmaceutical leadership is urged through Indian firms achieving top-five status, supported by generic manufacturing and export capacity.
Indian pharmaceutical companies are urged to attain representation among the world's five leading pharmaceutical firms, despite India's established position as a major producer of generic medicines. India has a broad manufacturing base, supplies generic medicines across numerous therapeutic categories, and exports to worldwide markets including highly regulated jurisdictions. Although pharmaceutical exports and the domestic market have expanded, Indian firms have not yet secured positions among the largest global companies. Greater international scale may be supported through acquisitions and expanded established-brand and branded-generic operations.
August 15, 2026
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Foreign asset voluntary disclosure permits eligible small taxpayers to regularise qualifying assets through tax, additional levy, and statutory immunity.
FAST-DS permits eligible small taxpayers to voluntarily disclose specified foreign assets or foreign income. It covers undisclosed foreign assets or income not offered to tax, subject to an aggregate value threshold of Rs 1 crore, and certain foreign assets omitted from the relevant return schedule, subject to a Rs 5 crore threshold and prescribed fee. Payment comprises 30 per cent tax and an additional equal amount. Disclosed income or investment is excluded from total income, with immunity from further tax, penalty and prosecution under the Black Money Act for the disclosed asset or income.
August 15, 2026
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Free trade agreement opportunities require MSMEs to meet global standards and expand exports across textiles, machinery, medicines and seafood.
Free trade agreements are presented as export-market opportunities for Indian MSMEs because they reduce or eliminate import duties on a substantial range of traded goods. MSMEs are urged to expand exports of textiles, machinery, medicines and seafood, including shrimp, by meeting global quality standards and offering products competitively. Their export role is linked to self-reliance and their significant contribution to manufacturing, exports, GDP and employment.
August 15, 2026
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Windfall gains tax on petroleum exports was reduced to support domestic fuel availability and limit export price advantages.
Special additional excise duty (windfall gains tax) on exports of petrol, diesel and aviation turbine fuel was reduced from 15 August 2026. Petrol export duty was reduced to nil, and export-duty rates on diesel and ATF were lowered. Duty rates for petrol and diesel cleared for domestic consumption remained unchanged. The export-duty framework seeks to maintain domestic petroleum-product availability and limit export advantages arising from higher global crude oil prices amid West Asia tensions.

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Customs & Trade

Chairperson, PNGRB Launches National Drive 2.0 for THINK Gas to Accelerate PNG and CNG Adoption

January 12, 2026

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Through this campaign, THINK Gas aims to connect 30000+ Households with PNG connections and expand CNG station network across 10 states New Delhi, Delhi, India (NewsVoir) Strengthening India’s transition towards a gas-based economy, THINK Gas, one of India’s leading City Gas Distribution (CGD) companies, today kicked off the implementation of the Petroleum and Natural Gas Regulatory Board’s (PNGRB) National Drive 2.0 with an inaugural event at Jodhpur. The campaign was inaugurated by Dr. Anil Kumar Jain, IAS, Chairperson - PNGRB, in the presence of Mr. Amitava Sengupta, Chairman. The nationwide campaign advances the vision of “One Nation, One Grid, One Tariff” by expanding PNG access and accelerating CNG adoption across India.

As part of this campaign, THINK Gas also announced its commitment to connect 30000+ households with PNG connections and enhance the CNG station network across 10 states. During the inaugural event, THINK Gas commenced the operations of PNG Connection to 500 households in Ashiana Dwarka - Premium Homes and flagged off a CNG rally to signify the strengthening of CNG adoption in the region.

Speaking on the occasion, Dr Anil Kumar Jain, Chairperson, Petroleum and Natural Gas Regulatory Board (PNGRB), said, “National Drive 2.0 is a focused initiative of PNGRB to deepen the reach of City Gas Distribution networks and accelerate the adoption of PNG and CNG across the country. The Unified Tariff framework is enhancing affordability, transparency, and access, ensuring that regulatory reforms translate into direct consumer benefits. With nearly 60% of Jodhpur city covered, over 51,000 households connected, and domestic PNG prices reduced by Rs. 2.77 per SCM from January 1, 2026, the impact at the household level is clearly visible. Such LNG-based CGD models are replicable for expanding clean, reliable, and economical energy to far-flung areas. I am confident that National Drive 2.0 will significantly accelerate PNG and CNG adoption nationwide and strengthen India’s clean energy ecosystem.” Commenting on the initiative, Mr. Amitava Sengupta, Chairman, THINK Gas, said, “PNGRB’s National Drive 2.0 is a landmark initiative that will play a pivotal role in accelerating the adoption of PNG and CNG across India. This drive comes close on the heels of the implementation of landmark tariff reforms by the PNGRB when Domestic PNG and CNG segments will benefit from a preferential tariff system. We thank Dr. Anil Kumar Jain, Chairperson, PNGRB, and the Board for their leadership in creating a progressive regulatory framework, that enables wider access to clean and affordable natural gas. THINK Gas has exemplified this vision by investing over Rs. 510 crore in the Barmer-Jodhpur-Jaisalmer Geographical Area and adopting a unique LCNG-based hybrid supply model to ensure uninterrupted gas supply even in the absence of pipeline connectivity. Building on the strong response to last year’s National Drive, which witnessed significant on-ground enrolments and increased CNG adoption, we will further intensify customer outreach across our Geographical Areas to support India’s transition towards a gas-based economy.” As part of THINK Gas’s active participation in National Drive 2.0, the campaign will be rolled out from January to March 2026 across the 10 states where THINK Gas has presence - Tamil Nadu, Kerala, Andhra Pradesh, Karnataka, Uttar Pradesh, Rajasthan, Bihar, Punjab, Madhya Pradesh and Himachal Pradesh.

Aligning with PNGRB’s Unified Tariff revision, THINK Gas has also announced significant reduction in prices across its operating Geographical Areas which will benefit the end consumer. Under the revised framework, domestic PNG prices have been reduced by up to Rs. 5/SCM (standard cubic meter), while CNG prices have been reduced up to Rs. 2.50/KG in select Geographical Areas. Additionally, THINK Gas has reduced Domestic PNG prices by up to Rs. 4/SCM in Andhra Pradesh and Tamil Nadu, and by up to Rs. 2.77/SCM in Rajasthan, even though these states are not yet connected to the National Gas Grid and are not benefiting from the tariff reforms at present.

The multitude of customer centric reforms and initiatives of the PNGRB are expected to result in a significant increase in the adoption of DPNG and CNG in the country.

About THINK Gas THINK Gas, the merged entity of AG&P Pratham and THINK Gas, is a leading player in India’s City Gas Distribution (CGD) business. We hold 19 CGD licenses awarded by the Petroleum & Natural Gas Regulatory Board (PNGRB) under the aegis of Ministry of Petroleum and Natural Gas (MoPNG) to exclusively develop CGD infrastructure and provide natural gas across 49 Districts in the 10 states of Andhra Pradesh, Bihar, Himachal Pradesh, Karnataka, Kerala, Madhya Pradesh, Punjab, Rajasthan, Uttar Pradesh and Tamil Nadu.

Our CGD network will supply Compressed Natural Gas (CNG) for use in vehicles as well as Piped Natural Gas (PNG) to domestic households, commercial establishments and industries. Over the next few years, our network will comprise ~24,000 inch-km of steel pipelines, 2000+ CNG stations catering to the needs of more than 100 million customers and cover 324,000 square kilometres.

THINK Gas has the largest Foreign Direct Investment (FDI) in greenfield CGD business in India. Our marquee investors include I-Squared Capital, and the Japanese consortium of OSAKA Gas, JOIN, Sumitomo Corporation and Konoike Transport.

We have been recognized for our efforts on various industry forums for our contributions across all business practices - Safety, ESG, Marketing, CRM, Procurement, Sustainability and Risk Management.

(Disclaimer: The above press release comes to you under an arrangement with Newsvoir and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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