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    VinFast India Partners with Federal Bank to Strengthen Dealer Financing Ecosystem
    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...
    Over 745 gram gold paste seized at IGI; Customs nab carrier, receiver
    Quebec remains cautious on Canada-US trade deal as Ottawa pushes to restore US alcohol
    No cases of foreigners getting Aadhaar, other govt benefits reported during SIR in K'taka: Minister
    Govt allows free imports of 10 lakh tn raw sugar until Oct 31; caps sugar stock for bulk consumers
    Govt allows free imports of 10 lakh tn raw sugar until Oct 31
    DFS Organises Workshop to Strengthen Implementation of Reservation Policy Across Public Financial Institutions
    DPIIT Signs MoUs with PhonePe and Shell India to Strengthen Startup Ecosystem and Drive Innovation
    Union Minister of Commerce and Industry Shri Piyush Goyal Strengthens India-Singapore Economic Partnership through High-Level Bilateral and Business E...
    A Vision for Responsible AI, Resilient Banking - Keynote Address [Contributions by RBI colleagues Ms. Chandni Trehan Saluja and Ms. Kavita Gangwal, De...
    Razorpay Launches Multi-Currency Account, Helping Exporters Retain International Earnings in Foreign Currencies
    DB HiTek to Make Debut at electronica India 2026, Targeting Growth in Indian Market
    BJP demands Vijayan’s resignation from Keralam LoP post over ED findings in CMRL case
    Pakistan seeks USD 10 bn US facility to bolster forex stability
    DRI busts a wildlife trafficking syndicate involved in illicit trade of ivory artefacts
    Japan reports record exports, imports for July as energy costs climb
    Five held in UP's Bareilly for alleged fake Ayushman cards racket
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August 21, 2026
Show AI Summary
Dealer inventory financing supports working-capital flexibility, vehicle inventory management and electric-vehicle network expansion for authorised dealers.
Dealer inventory financing is to be provided by Federal Bank to VinFast India's authorised dealer network under a memorandum of understanding. The tailored financing is intended to improve dealers' working-capital flexibility, support maintenance of vehicle inventory, strengthen operational capability, and enable timely response to demand as the electric-vehicle distribution network expands.
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
Show AI Summary
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
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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
Show AI Summary
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.

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Customs & Trade

HIGHLIGHTS

January 15, 2026

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New Delhi, Jan 15 (PTI) Following are the top stories at 9 pm: NATION DEL58 MEA-INDIA-2NDLD EU (7.20 PM)

EU's Costa, von der Leyen to grace R-Day celebrations; historic trade deal at finish line New Delhi: Top European Union leaders Antonio Costa and Ursula von der Leyen will grace India's Republic Day celebrations and the two sides are set to seal the much-anticipated free trade deal on January 27 amid increasing concerns over Washington's trade and tariff policies.

DEL62 INDIA-IRAN-CONTINGENCY (7.37 PM)

MEA making contingency plans to evacuate Indians from Iran New Delhi: India is making preparations to evacuate Indians from Iran in view of the precarious situation there as the US has not ruled out any military action against Tehran over its crackdown on nationwide protests.

DEL65 SC-WB-LDALL ED RAIDS (7.52 PM)

ED raids row: SC terms allegation of obstruction in central probe in WB "serious", issues notice to CM Mamata New Delhi: The Supreme Court on Thursday termed the ED's allegation of obstruction by West Bengal Chief Minister Mamata Banerjee in its probe and search operation at the office of political consultancy firm I-PAC as "serious" and agreed to examine if law enforcement agencies of a state can interfere with a central agency's investigation into any serious offence.

BOM68 MH-CIVIC POLLS-3RDLD RAJ THACKERAY (7.59 PM)

Civic polls: Uddhav urges voters to dislodge BJP regime; Raj Thackeray accuses SEC of bias Mumbai: Shiv Sena (UBT) chief Uddhav Thackeray on Thursday claimed irregularities in the Maharashtra civic polls, terming it an attempt to murder democracy, and urged voters to dislodge the "brutal, fraud, corrupt and dictatorial regime of the BJP".

DEL56 AVI-LD AIR INDIA-PLANE DAMAGE (6.58 PM)

Air India Delhi-New York flight engine sucks in baggage container; no one injured New Delhi: Air India's newest Airbus A350, operating a Delhi-New York flight with over 250 passengers on board, sustained engine damage after ingesting an improperly secured baggage container while taxiing to its parking bay at Delhi airport, sources said.

MDS17 KL-TRAINEES-2NDLD SUICIDE (5.08 PM)

Kerala: Two sports trainees found hanging in hostel, probe launched Kollam (Kerala): Two teenage girl athletes, both trainees staying at a SAI hostel, were found dead in one of their rooms on Thursday in an apparent suicide pact, the police said.

DEL68 HP-CM-APPLES (8.10 PM)

Himachal CM seeks 100 pc import duty on apples to save state's economy New Delhi: Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu on Thursday took up the issue of apple growers with the central government and urged for its immediate intervention against the dumping of foreign apples, which is hurting the state's economy.

DEL70 VBGRAMG-MGNREGA-TRANSITION (8.28 PM)

MGNREGA job cards to be used for work under new law to ensure smooth transition: Official New Delhi: Workers with MGNREGS job cards would be able to get work under the new rural employment scheme Viksit Bharat- Guarantee for Rozgar and Aajeevika Mission (Gramin) as it unrolls, government sources said on Thursday.

BOM53 CG-NAXAL SURRENDER (R) (5.19 PM)

52 Naxalites surrender in Chhattisgarh’s Bijapur Bijapur (Chhattisgarh): As many as 52 Naxalites, 49 of them carrying a collective bounty of over Rs 1.41 crore, surrendered before the police in Chhattisgarh’s Bijapur district on Thursday, a senior official said.

LEGAL LGD42 SC-WB-IPAC-ED-RAIDS-JANTAR MANTAR (05:21 PM)

The SC flagged concern over the enormous disturbance and commotion in the Calcutta High Court on January 9 on account of an unmanageable crowd which forced it to adjourn the scheduled hearing of cases related to the ED's search and seizure operations at political consultancy firm I-PAC's office.

LGD54 SC-DIGITAL ARREST-COMMITTEE (7.16 PM)

High-level panel formed to examine digital arrest issues: MHA tells SC New Delhi, Jan 15 (PT1) The Ministry of Home Affairs (MHA) on Thursday informed the Supreme Court that it had formed a high-level committee to examine issues regarding digital arrest scam cases.

BUSINESSS DEL52 BIZ-LD INDIA-US-TRADE TALKS (6.03 PM)

India, US trade deal 'very near'; both sides engaged on pending issues: Comm Secy New Delhi: India and the US are "very near" to finalising the trade agreement, and it would be announced when both sides are ready, Commerce Secretary Rajesh Agrawal said on Thursday.

DEL66 BIZ-SMARTPHONE-EXPORTS (7.53 PM)

Smartphone exports up 43.7 pc during Apr-Nov: Comm min data New Delhi: The country's smartphone exports rose 43.7 per cent to USD 18.8 billion during the April-November period this fiscal year, according to the commerce ministry data released on Thursday.

DEL54 BIZ-INDIA-IRAN-TRADE (6.52 PM)

Awaiting clarity on US' proposed Iran-related tariffs: Comm Secy New Delhi: India on Thursday said its exports to Iran are largely humanitarian and it will wait for the US executive order on the 25 per cent tariff announced by President Donald Trump on countries doing business with Tehran to assess its implications.

FOREIGN FGN52 ANGLA-INDEMNITY-ORDINANCE (7.10 PM)

Bangladesh’s interim govt approves law to protect ‘July warriors’ from prosecution Dhaka: Bangladesh’s interim government of Muhammad Yunus on Thursday approved a draft ordinance to indemnify from prosecution the protesters who led the demonstrations that toppled then prime minister Sheikh Hasina’s Awami League regime on August 5, 2024.

FGN57 LANKA-PREZ-TAMILS (8.07 PM)

We will build a country free of racism: Sri Lankan Prez to Tamils Colombo: Sri Lankan President Anura Kumara Dissanayake on Thursday assured the minority Tamil community that he would build a country free of racism and rich in national unity.

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