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    Department of Commerce Extends RELIEF Initiative under Export Promotion Mission Until March 31, 2027 - RELIEF Component II Offers 95% Risk Coverage to...
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October 26, 2026
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Export credit risk coverage under RELIEF continues, protecting eligible exporters from insurance premium increases during the eligible period.
RELIEF Component II is extended until March 31, 2027, to support exporters affected by West Asian geopolitical disruption and maritime logistics risks. Eligible exporters obtaining qualifying Standalone Policies or Whole Turnover Policies may receive 95 per cent risk coverage for specified export shipments, with protection against insurance premium increases above pre-disruption levels. Coverage includes full-container-load, less-than-container-load and refrigerated-container cargo, excluding energy shipments. Claims and supporting records must be submitted through the Export Credit Guarantee Corporation customer portal.
October 26, 2026
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Public procurement access to indigenous gift products expands curated government gifting and supports local artisans.
Government e-Marketplace promotes The AABHAR Collection as a digital storefront for curated gift items associated with One District, One Product and Geographical Indication tags. It gives government buyers access to regionally distinctive handicrafts, handlooms, artisanal food, pantry, and personal-care products, linking public procurement requirements with artisans, weavers, rural entrepreneurs, and women-led enterprises. Government buyers may use the storefront for official and ceremonial gifting while promoting indigenous products, cultural heritage, and local livelihoods.
October 26, 2026
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Special purpose vehicle governance advances coordinated infrastructure, land allotment, statutory clearances and investor facilitation for an integrated manufacturing cluster.
BIMCGL is the special purpose vehicle implementing the Integrated Manufacturing Cluster at Gaya through an equal-equity joint venture framework. Its functions include coordinated planning, infrastructure development, statutory clearances, utility connectivity, investor facilitation, and project monitoring. Implementation covers trunk infrastructure, integrated utilities, water-storage facilities, and an Integrated Land Allotment Portal designed to improve transparency and streamline industrial land allotment. The cluster is intended to support large manufacturers and MSMEs across diverse manufacturing sectors.
October 26, 2026
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India-EU Free Trade Agreement may expand Indian exporters' European market access through integrated maritime logistics and port connectivity.
The anticipated India-EU Free Trade Agreement is expected to create opportunities for Indian exporters, while the Port of Rotterdam's capacity, logistics infrastructure and European connectivity may facilitate greater India-Europe trade flows. Netherlands-based maritime logistics may support market access and closer economic integration between India and Europe. Sustained stakeholder engagement was linked to trade, investment and commercial cooperation.
October 24, 2026
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India-Germany economic cooperation advances through trade, investment, advanced manufacturing, research collaboration, and emerging technology partnerships.
India-Germany economic cooperation is being advanced through bilateral engagements addressing trade, investment, advanced manufacturing, research and emerging technologies. Economic and investment ties formed the subject of discussions between government representatives, while business and sectoral interactions explored expanded commercial partnerships, investment, industrial cooperation and bilateral business collaboration. Research and innovation cooperation also focuses on advanced industrial technologies and industry-academia partnerships.
October 24, 2026
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Financial stability safeguards require coordinated vigilance, cyber resilience, digital financial reforms, and faster return of unclaimed assets.
FSDC reviewed macro-financial stability and India's preparedness for related risks, emphasising heightened vigilance, proactive risk mitigation and safeguards for financial-system resilience. Regulatory modernisation measures considered include fintech innovation, tokenisation of financial assets, cyber resilience and implementation of the Financial Sector Cyber Security Strategy. Implementation priorities cover digital KYC, digital onboarding, digital public infrastructure, investment flows, reduced intermediation costs and rationalised credit guarantee schemes. Regulators and stakeholders were urged to expedite the return of unclaimed financial assets to rightful owners.
October 24, 2026
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Country-of-origin misdeclaration enabled attempted evasion of import prohibitions through third-country transshipment, prompting customs seizure and arrests.
Import-origin misdeclaration and third-country transshipment were alleged to have been used to evade the prohibition on direct or indirect imports of Pakistani-origin goods. A shipment declared as UAE-origin muskmelon seeds was found to contain watermelon seeds, with evidence of shipment from Pakistan through Dubai, container and vessel changes, and fabricated import documentation. Watermelon seeds were separately restricted for import. The goods were seized under the Customs Act, 1962, and two persons alleged to have handled overseas supply and Indian import formalities were arrested.
October 24, 2026
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Heroin trafficking enforcement addresses alleged public transport movement, with search, seizure, and arrests under narcotics law.
Intelligence-led narcotics enforcement by the Directorate of Revenue Intelligence in Phagwara involved interception of a public transport bus, recovery of 5.6 kg of heroin from a suspect's backpack, and arrest of four persons alleged to have transported and possessed the substance. A personal search under the Narcotic Drugs and Psychotropic Substances Act, 1985, revealed ten taped packets that field-tested positive for heroin; the contraband was seized under that Act.
October 24, 2026
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Narcotics smuggling enforcement uncovers hydroponic marijuana concealed in an import consignment, prompting seizure, arrest, and further investigation.
Narcotics-smuggling enforcement resulted in the seizure under the Narcotic Drugs and Psychotropic Substances Act, 1985, of 23.220 kg of hydroponic marijuana concealed in a Bangkok-origin import consignment declared as lamps. X-ray imaging and dismantling of a wooden pallet recovered 23 vacuum-sealed packets containing compressed green leafy substance. Intelligence from an earlier ganja seizure led to scrutiny of the consignment, a further arrest, and continuing investigation into a wider trafficking syndicate.
October 23, 2026
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Engineering export competitiveness requires resilient raw-material supply chains, effective free-trade pact use, and responses to quality and climate-linked barriers.
Engineering-export strategy development focuses on stronger use of free trade pacts, market access, competitive raw-material availability and resilient supply chains. Input-cost volatility, supply-chain disruptions, global overcapacity, trade-protective measures, sustainability-related requirements and climate-linked market-access conditions affect export competitiveness. Quality Control Orders require an evidence-based assessment of covered sectors and products, their rationale and industry impact, supported by a comprehensive white paper and panel-wide feedback for policy deliberation.
October 23, 2026
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Free trade agreement cooperation is being pursued to translate industrial collaboration into trade and investment opportunities.
Trade, investment and industrial cooperation are being pursued through ministerial consultations and business dialogue, with the prospective India-EU Free Trade Agreement identified as a framework for expanding bilateral trade and investment. Business-roundtable discussions focus on translating that prospective framework into concrete opportunities. International partnerships are associated with trust, complementary economic strengths and resilient supply chains, alongside efforts to deepen cooperation in trade, investment, technology and industry.
October 23, 2026
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Asset reconstruction company participation in insolvency resolution gains support through industry-linked professional education, research, and engagement.
The five-year collaboration strengthens the Post Graduate Insolvency Programme through industry-oriented teaching, faculty support, joint research, data sharing subject to legal and confidentiality requirements, and opportunities for internships, placements and industry engagement. Asset Reconstruction Companies may participate as resolution applicants under the Insolvency and Bankruptcy Code, subject to prescribed regulatory conditions, contributing expertise in asset valuation, debt restructuring and stressed-asset management to insolvency resolution.
October 23, 2026
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Competition approval governs Integrace's acquisition of Universal Nutriscience share capital and related transaction in healthcare and nutraceutical markets.
Competition Commission of India approval covers the proposed combination under which Integrace Private Limited will acquire share capital of Universal Nutriscience Private Limited from its existing shareholders, together with a related transaction. Integrace is a domestic formulations company focused on orthopaedics and gynaecology, while Universal Nutriscience operates in nutraceutical and lifestyle products and plans new products and novel drug-delivery systems.
October 23, 2026
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Full equity acquisition of a multi-specialty hospital network receives merger-control clearance through a private-equity-backed special-purpose vehicle.
The approved combination involves Maybach Asia Holdings II Pte. Ltd. acquiring 100% of the equity share capital of Sahrudaya Health Care Private Limited. The acquirer is a special purpose vehicle formed exclusively for the transaction and is indirectly owned by investment funds, vehicles and accounts managed through subsidiaries of KKR & Co. Inc. The target operates a multi-specialty hospital network across south and west India.
October 22, 2026
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Policy repo rate tightening addresses broadening inflation pressures while keeping future action dependent on growth and price data.
The Monetary Policy Committee unanimously increased the policy repo rate under the liquidity adjustment facility by 25 basis points to 5.50 per cent. The standing deposit facility rate was set at 5.25 per cent, and the marginal standing facility rate and Bank Rate at 5.75 per cent. The stance changed from neutral to calibrated tightening, indicating that rate cuts are not contemplated in the near term. Future policy action may involve a rate increase or pause depending on growth, inflation, underlying price pressures, second-round effects and demand impulses.
October 22, 2026
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Trade and investment cooperation will be advanced through industrial, technology and green-transition dialogues, business roundtables and bilateral consultations.
India's economic engagement with Germany and the Netherlands is intended to expand bilateral trade, investment corridors, industrial and technological collaboration, and green-transition initiatives. Discussions cover market access, investment opportunities associated with free trade agreement negotiations, advanced engineering, clean technology, resilient supply chains, and logistics connectivity. Businesses and startups will participate in sectoral roundtables, investment interactions, and business-to-business networking across manufacturing, technology, agri-food, healthcare, renewable energy, logistics, textiles, and services.
October 22, 2026
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Synthetic drug trafficking enforcement led to methamphetamine seizure and arrest following intelligence-based interception at an inter-city bus terminal.
Intelligence-led enforcement against synthetic drug trafficking resulted in the seizure of 9.139 kg of crystalline methamphetamine and the arrest of a bus passenger following interception at an inter-city bus terminal. The substance was concealed in clothing packets within trolley bags, field-tested and seized under the Narcotic Drugs and Psychotropic Substances Act, 1985. Synthetic narcotics trafficking is identified as using inter-city transport networks, cross-border routes and coastal corridors.
October 21, 2026
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Growth with sound controls requires regulated institutions to retain accountability, protect trust, and respond rapidly to digital risks.
Financial-sector growth in an increasingly digital and interconnected system must be accompanied by a control environment commensurate with the pace and nature of growth. Digital onboarding, AI-led underwriting and autonomous workflows may lower costs, improve customer experience and widen access, but not every process friction is inefficiency. Technology cannot eliminate underlying risk. Before a manual check is automated or removed, institutions should identify the risk it controlled and determine where that control will reside. Process outsourcing through fintechs, external platforms or third-party models does not transfer responsibility associated with the regulated institution's licence.
October 21, 2026
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Duty-free market access under the India-New Zealand Free Trade Agreement expands exports, services mobility, agricultural cooperation, and trade safeguards.
New Zealand eliminates customs duties on all tariff lines for Indian exports, providing 100% duty-free access for sectors including textiles, leather, engineering goods, automobiles, chemicals, pharmaceuticals, agricultural products and processed foods. Sensitive products, including dairy, sugar, edible oils and key agricultural commodities, remain excluded from concessions. Rules of origin, bilateral safeguard measures and anti-circumvention provisions are intended to ensure that preferential benefits reach genuine Indian exporters and to protect vulnerable agricultural and rural interests. Tariff Rate Quotas for apples, kiwifruit and Ma nuka honey are linked to delivery of Agricultural Productivity Partnership Action Plans.
October 21, 2026
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Cross-border cannabis trafficking enforcement targets truck-based concealment methods, with narcotics and transport vehicle seized under NDPS law.
Intelligence-led narcotics enforcement resulted in the seizure of 591.3 kg of ganja concealed in specially fabricated compartments of a truck suspected to have carried contraband from Nepal into Uttar Pradesh. Surveillance based on specific intelligence led to interception of the vehicle, from which 81 packets were recovered from cavities above the hood and behind the driver's seat. The ganja consignment and the transport vehicle were seized under the Narcotic Drugs and Psychotropic Substances Act, 1985.

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SC says obstruction in central probe 'very serious', issues notice to Mamata Banerjee

January 15, 2026

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New Delhi, Jan 15 (PTI) In a jolt to Mamata Banerjee, the Supreme Court on Thursday said the West Bengal chief minister's alleged "obstruction" in ED's probe is "very serious" and agreed to examine if a state's law-enforcing agencies can interfere with any central agency's investigation into any serious offence as it stayed FIRs against the agency's officials who raided political consultancy I-PAC on January 8.

The Enforcement Directorate has alleged interference and obstruction by the West Bengal government, including by Banerjee, in its probe and search operation at the Indian Political Action Committee (I-PAC) office and the premises of its director, Pratik Jain, in connection with an alleged coal-pilferage scam.

The top court, while staying the FIRs filed in West Bengal against ED officials, also directed the state police to protect the CCTV footage of the raids.

A bench of Justices Prashant Kumar Mishra and Vipul Pancholi issued notices to CM Banerjee, the West Bengal government, DGP Rajeev Kumar and top cops on the ED's petitions seeking a CBI probe against them for allegedly obstructing raids at I-PAC premises.

"We are of the prima facie opinion that the present petition has raised a serious issue relating to the investigation by the ED or other central agencies and its interference by State agencies. According to us, for furtherance of rule of law in the country, and to allow each organ to function independently, it is necessary to examine the issue so that the offenders are not allowed to be protected under the shield of the law enforcement agencies of a particular state.

"Larger questions are involved in the present manner, which if allowed to remain undecided, would further worsen the situation and there will be a situation of lawlessness prevailing in one or the other state, considering that different outfits are governing different places," the bench said in its order.

The apex court said a central agency has no power to interfere with the election work of any party. But at the same time, if central agencies are acting bona fide to investigate any serious offence, the question arises whether agencies can be restricted from carrying out duties under the shield of party activity, it said.

The matter is posted for further hearing on February 3.

Earlier in the day, the top court said that it was very much disturbed by the commotion at the Calcutta High Court during its hearing in the ED raids case. The Calcutta High Court had adjourned till January 14 the hearing on petitions related to the ED's search and seizure operations at sites linked to political consultancy firm I-PAC, citing unmanageable chaos inside the courtroom.

As the hearing commenced, the ED said the West Bengal government's "interference and obstruction" during the probe agency's raids reflects a very shocking pattern.

Solicitor General Tushar Mehta, appearing for the ED, told the bench that in the past also, whenever statutory authorities exercised statutory power, Banerjee barged in and interfered.

"This case reflects a very shocking pattern emerging. In the past also, whenever statutory authorities exercised their power of investigation, the honorable Chief Minister marched there. The officers including the DGP and the commissioner of police are accomplices and they accompany her. The uniformed police officers sit on dharna with political leaders.

"Here there was evidence that there is some incriminating material lying in the premises of a company. The officers exercising powers under Section 17 of Prevention of Money Laundering Act went there and intimate the local police. The honourable CM along with DGP and other police officials barged into the house and took away material including the mobile phone of an ED official. It's an offence of theft," Mehta told the court.

The SG said thereafter Banerjee went to the media and told her about the whole thing, "as if she has done some great thing".

"If we turn blind eye to this kind of thing will continue which will not only encourage the officials not to discharge their duty. The central forces will be demoralised and the state forces will feel we can go with the CM.

"Let an example be set and the state officers concerned be suspended and there may be departmental enquiry.See what happened in the Calcutta High Court. This is very serious. Please take cognisance of what is happening," Mehta said.

Senior advocate Kapil Sibal questioned the maintainability of Mehta's plea and said the case should be heard by the Calcutta High Court first, and proper hierarchy should be followed. He claimed the ED was filing parallel proceedings.

Sibal also referred to the video recording of the raid and said, "It is a blatant lie that all digital devices were taken. Allegation that CM Mamata Banerjee took all devices is a lie, substantiated by ED's own panchnama (search record)." "The last statement in the coal scam was recorded in February 2024; what was ED doing since then? Why so keen in the midst of elections?" he posed.

The ED's plea in the apex court follows events from January 8, when ED's officials faced obstructions during the probe agency's raids at the office of political consultancy firm I-PAC in Salt Lake and the residence of its chief, Pratik Jain, in Kolkata in connection with a coal smuggling case.

The probe agency has claimed that Banerjee entered the premises and took away "key" evidence related to the probe. PTI PKS ZMN

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