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    Sugar ex-mill prices down 18 pc to Rs 55/kg after import move, curbs on hoarding: Food secretary
    SBI eyes USD 10 bln from NRIs, foreign investors ahead of RBI swap window closure
    Industrial power tariff hike: WBSEDCL says proposed rise capped to DVC area, rates still competitive
    India-Japan Investment Partnership Gains Momentum; Commerce and Industry Minister Shri Piyush Goyal Invites Greater Japanese Institutional Capital
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    Central Bureau of Narcotics (CBN) and PHARMEXCIL Sign Memorandum of Understanding to Boost Legitimate Pharmaceutical Exports and Strengthen Regulatory...
    RBI's USD-INR Swap Facility Sparks Unprecedented Forex Inflows into India, Banks Raise USD 73 Billion in eleven weeks
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    'Only 6.83 per cent after 4 years': Omar Abdullah defends J&K power tariff hike
    No sugar shortage in India, prices to ease in coming days following govt's measures: ISMA
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August 25, 2026
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Sugar import authorisation and anti-hoarding controls aim to moderate ex-mill prices amid adequate domestic stocks.
Raw sugar imports were permitted, while stock limits were imposed on bulk consumers. States were directed to strengthen inspections, and nationwide flying squads were deployed to identify hoarding and speculative conduct. These measures target sugar availability and distribution across wholesale and retail channels. Ex-mill prices declined following the measures, although wholesale and retail prices had not yet reflected the reduction.
August 25, 2026
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Foreign-currency swap window closure focuses non-resident deposit mobilisation, while ECB hedging support continues for public-sector borrowers.
RBI's concessional Foreign Currency Non-Resident Bank deposit swap window closes on August 31, replacing the previous September 30 cut-off. Separately, the special US dollar-rupee foreign-exchange swap window remains available until December 31, 2026, providing concessional currency-hedging support to public sector undertakings raising external commercial borrowings. SBI expects to mobilise predominantly through deposits from non-resident Indians and foreign investors, with external commercial borrowings also visible.
August 25, 2026
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Industrial power tariff revision applies only within the shared distribution area, while steel producers seek rollback and fuel supply support.
Industrial electricity tariff revision is proposed from 1 September for 33 KV and 11 KV consumers within the Damodar Valley Corporation command area. The increase is confined to the shared distribution-licence area, while a separate and higher tariff structure applies outside it. Steel and sponge-iron industry associations oppose the revision on the basis that it will raise energy costs and affect investment conditions. They seek withdrawal of the increase and request continuing supplies of high-grade coal and iron ore for sponge-iron production.
August 25, 2026
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Institutional capital facilitation prioritises repatriation, market access, regulatory predictability, and cross-border partnerships supporting technology-led long-term investment.
India-Japan investment engagement focuses on increasing long-term Japanese institutional capital flows through an enabling business environment, intellectual property protection, policy reforms and integration with global value chains. Facilitation measures include simpler profit repatriation processes, improved access to Indian capital markets, greater regulatory predictability and a seamless cross-border investment environment. GIFT City is explored as a gateway for international capital and Japan-India investment flows.
August 25, 2026
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Strategic investment partnership prioritises semiconductor manufacturing, resilient supply chains and advanced industrial collaboration between Indian and Japanese businesses.
India-Japan economic cooperation is directed toward deeper trade, investment, technology and business-to-business linkages, including economic security, supply-chain resilience, clean energy and innovation. Collaboration is focused on capital goods, machinery, automotive and advanced manufacturing, with stronger connections between Japanese enterprises and India's Tier-II and Tier-III suppliers, including Micro, Small and Medium Enterprises. Semiconductor manufacturing is identified as a significant investment area. The India-Japan Special Strategic and Global Partnership supports expanded engagement with manufacturing ecosystems, global value chains and resilient supply chains.
August 25, 2026
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Bilateral trade and investment cooperation advances through customs alignment, digital payment integration, market access discussions and investment treaty completion.
India-Cambodia trade and investment cooperation addressed trade diversification, market access, customs alignment, digital payments and investment facilitation. Discussions covered traditional medicine, e-governance, recognition of the Indian pharmacopeia, trade statistics, agricultural cooperation, banking and insurance. The parties agreed on an MoU on Customs Cooperation to promote uniform customs procedures and considered early completion and signature of the Bilateral Investment Treaty. UPI-KHQR payment integration, investment promotion, priority-sector cooperation and a private-sector feedback mechanism were also discussed.
August 25, 2026
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Voluntary pharmaceutical export compliance framework promotes legitimate trade while safeguarding controlled substances through information sharing and coordinated capacity building.
The Memorandum of Understanding creates a cooperative framework for legitimate pharmaceutical exports and safeguards against diversion of narcotic drugs, psychotropic substances and controlled precursors. A voluntary, non-binding code of conduct will recommend industry practices without imposing obligations beyond applicable law. Cooperation includes identifying export bottlenecks, streamlining procedures for compliant exporters, capacity-building programmes, lawful and confidential information sharing, and nomination of company contact persons to coordinate voluntary compliance measures.
August 25, 2026
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USD-INR forex swap facility accelerates foreign-currency mobilisation through non-resident deposits and institutional borrowing, strengthening India's external buffers.
USD-INR forex swap facility for FCNR(B) deposits, overseas foreign-currency borrowings and external commercial borrowings enabled banks to access foreign-currency funding through a special swap window. FCNR(B) deposits formed the principal component of the reported foreign-exchange inflows, reflecting participation by non-resident Indians. The FCNR(B) window was scheduled for early closure after the stated mobilisation objective was achieved ahead of schedule, and the inflows were presented as strengthening external buffers through long-term non-resident deposits and institutional funding.
August 25, 2026
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Foreign-exchange intervention moderated rupee depreciation as crude prices, importer dollar demand and geopolitical uncertainty sustained currency-market pressure.
Foreign-exchange conditions reflected a marginal weakening of the rupee against the US dollar, influenced by elevated crude-oil prices, importer demand for dollars, weaker Asian equities and geopolitical uncertainty. The currency remained within a narrow trading band, with RBI dollar sales described as moderating sharper depreciation. The RBI's special USD-INR forex swap facility for FCNR(B) deposits, Overseas Foreign Currency Borrowings and External Commercial Borrowings mobilised substantial foreign-exchange inflows, indicating support from non-resident Indian participants.
August 24, 2026
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Prior government sanction for public servants is contested as essential before money-laundering proceedings may validly proceed for official-duty acts.
Prior prosecution sanction is asserted to be a jurisdictional precondition for money-laundering proceedings against a public servant for acts connected with official duty. A former police officer challenges cognizance and process for want of sanction under the criminal procedure framework and the Maharashtra Police Act, relying on sanctions subsequently granted for co-accused public servants. The allegations concern collection of funds through the officer and their alleged laundering through an educational trust.
August 24, 2026
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Rupee exchange-rate movement gained marginal support from foreign equity inflows despite crude oil, importer demand and geopolitical pressures.
Rupee exchange-rate movement against the US dollar reflected a marginal appreciation, supported by foreign fund inflows into domestic equities. Trading remained within a narrow range amid pressures from higher crude oil prices, continuing importer demand, and geopolitical concerns. Market conditions also included a stronger dollar index, lower Brent crude futures, domestic equity declines, and net foreign institutional investment. Elevated oil prices and geopolitical uncertainty indicated a slight negative bias, while possible US dollar weakness could support the rupee.
August 24, 2026
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Retaliatory trade measures may target electricity, critical minerals and integrated automotive supply chains amid escalating cross-border tariff disputes.
Canada-United States trade relations involve escalating tariffs and contemplated reciprocal restrictions affecting goods, automotive production, electricity exports and critical-mineral supplies. Potential Canadian countermeasures include limiting or increasing the price of Ontario electricity exports and restricting supplies of critical minerals, with oil and potash also identified as possible leverage. The automotive sector faces particular exposure because Ontario production and supply chains are integrated with United States manufacturing. Negotiations also raised concern over limits on Canada's ability to conclude trade agreements with other countries without United States approval.
August 24, 2026
Show AI Summary
Mandatory biometric updates for students support continued Aadhaar authentication and access to education, scholarship and benefit-related services.
Mandatory Biometric Update camps have been launched in schools across Tamulpur district, Assam, for eligible students aged 5 to 17 years to update Aadhaar biometrics. Aadhaar biometrics require updating on attaining five years of age and again on attaining fifteen years. Timely updating supports continued Aadhaar authentication and helps avoid difficulties in accessing services where authentication is applicable, including school admissions, entrance-examination registration, scholarships and Direct Benefit Transfer schemes.
August 24, 2026
Show AI Summary
Electricity tariff affordability requires immediate review, withdrawal of higher consumer charges, and relief measures for economically weaker households.
Electricity tariff increase in Jammu and Kashmir has been opposed as imposing an unjustified and unaffordable financial burden on domestic consumers amid rising household costs. Immediate review and withdrawal of the increase are sought, together with measures to reduce electricity costs for domestic consumers, particularly economically weaker sections, and ensure affordable, reliable power supply.
August 24, 2026
Show AI Summary
Wheat export liberalisation replaces prohibitions to support farm prices while domestic stocks are expected to protect consumer supply.
Wheat and wheat-product exports are liberalised with immediate effect by revising their export policy from prohibited to free. The change covers wheat, wheat flour, maida, semolina and wholemeal atta, replacing the earlier export-ban framework and simplifying exports previously permitted through licences. The measure aims to support farmers amid depressed domestic prices, while adequate domestic availability and buffer stocks are expected to meet demand and moderate consumer prices.
August 24, 2026
Show AI Summary
Food safety compliance failures trigger licence suspensions for deficient hygiene, storage, refrigeration, sanitation and valid licensing practices.
Food safety enforcement measures resulted in suspension of food licences or registrations where establishments failed hygiene, food handling, storage, refrigeration, sanitation and licensing requirements. Deficiencies included unsafe temperature control, unclean refrigeration equipment, improper food storage and thawing, inadequate sanitisation, deteriorated or expired materials, deficient oil-quality checks, artificial colouring, pest infestation, cross-contamination risks and inadequate drainage. One outlet was also found to be operating under the name of an establishment without a valid food licence, resulting in suspension of its registration certificate.
August 24, 2026
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Central Board Governance expands through appointments of part-time non-official directors for defined terms, alongside central bank and government representatives.
Appointments to the Reserve Bank of India's Central Board expand its part-time, non-official director membership. Syed Akbaruddin, Annie George Mathew and Janmejaya Kumar Sinha have been appointed for four years from 24 August 2026, or until further orders, whichever occurs earlier. The Central Board also includes the Governor, deputy governors, the economic affairs secretary and the financial services secretary.
August 24, 2026
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Electricity tariff adjustment is linked to inflation and transmission losses, while free household units remain separately implemented.
Electricity tariff increase of 6.83 per cent after four years is presented as necessary in light of inflation and rising costs. Reducing transmission and distribution losses is identified as a means of limiting future tariff increases. Provision of 200 units of free electricity for poor and needy households through solar panels under the Muft Bijli Yojana is treated as distinct from tariff revisions.
August 24, 2026
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Sugar supply management measures target speculative stockpiling through imports, stockholding limits and earlier crushing to moderate prices.
Sugar supply is characterised as adequate, and higher prices are attributed principally to speculative buying and advance stockpiling, alongside lower output, seasonal demand and global price pressures rather than an actual shortage. Duty-free raw sugar imports and stockholding limits are intended to augment availability, curb speculative accumulation and stabilise market sentiment. Imports, existing stocks, special crushing and an earlier crushing season are expected to moderate prices and improve festive-period supply. Ethanol diversion is not identified as a cause of the price movement.
August 24, 2026
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Wheat export policy shifts to free trade, lifting restrictions on wheat flour, maida, semolina and wholemeal atta exports.
Wheat export policy has been revised from prohibited to free with immediate effect, lifting the export ban on wheat and related wheat products. The liberalised export treatment extends to wheat flour, maida, semolina and wholemeal atta. The restriction had been imposed to address rising domestic prices, and its removal is expected to improve international wheat availability.

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Customs & Trade

Opposition seeks debate on SIR, G-RAM-G in Budget Session; 'no reverse gear', says govt

January 27, 2026

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New Delhi, Jan 27 (PTI) The government on Tuesday rejected the opposition's demands for renewed discussions on the VB-G RAM G Act and the SIR exercise during the Budget session of Parliament, with Parliamentary Affairs Minister Kiren Rijiju saying the two issues had already been debated by both Houses and "we cannot reverse the gear".

Rijiju made these remarks after an all-party meeting chaired by Defence Minister Rajnath Singh that was attended by as many as 51 leaders, including ministers, from 39 political parties on the eve of the session.

The Budget Session of Parliament commences on January 28 with the address of President Droupadi Murmu to the joint sitting of Lok Sabha and Rajya Sabha. Finance Minister Nirmala Sitharaman will table the Economic Survey in Parliament on Thursday and present the Union Budget on February 1, which is a Sunday.

During the all-party meeting, opposition members, including the Congress' Jairam Ramesh and John Brittas of the CPI(M), objected to the non-circulation of government business for the session, which Rijiju said would be done in due course.

Opposition members wanted a discussion on the Special Intensive Revision (SIR) of electoral rolls, VB-G RAM G law on employment guarantee that replaced the MGNREGA scheme, the tariffs imposed by the US on India, foreign policy matters, concerns over air pollution, state of the economy, ban on social media for early teens, among other issues, sources said.

"Once a law is before the nation, we have to follow it. We cannot reverse the gear and go back to the past," Rijiju said, responding to opposition's contentions on the VB-G RAM G Act, which was passed by Parliament during the Winter Session.

He said opposition MPs put forth several issues, and these can be raised during debate on the President's address and the Budget.

Rijiju appealed to all parties to cooperate in the conduct of proceedings but opposition leaders said that their voice must be heard for Parliament to run smoothly.

Ahead of the session, BJP and Congress leaders held their respective strategy meetings separately.

At their meeting, top Congress leaders decided to raise in issues concerning MGNREGA and SIR during the session despite the government's refusal to debate them again, and said they will demand clarity on key economic and foreign policy matters amid ongoing global tensions.

"This is an arrogant government. With the entire opposition raising the issue and despite so many strictures and judgements of the Supreme Court, the manner in which this government is behaving and moving forward on SIR, we feel this SIR issue needs to be raised at a bigger level," Congress leader and whip in Rajya Sabha Naseer Hussain told reporters after the party meeting.

Rijiju said the focus of the government during the first part of the Budget Session would be on the discussion on the Motion of Thanks to the President and debate on the general budget. The first part of the budget session concludes on February 13.

Parliament resumes business on March 9, after a three-week recess, to examine the budgetary proposals by department-related standing committees.

"We have noted the suggestions given by floor leaders of various parties. This is the Budget Session and we have requested all the parties to cooperate in running the session smoothly," Rijiju said.

Replying to a query on the demand for a discussion on the Special Intensive Revision of electoral rolls in West Bengal, he said, "Both Houses of Parliament had extensive discussions on electoral reforms in the last session, where this issue was also raised by the opposition. This is uncalled for if another debate is demanded." Rijiju appealed that members should raise their issues but there should not be any ruckus.

"My sincere appeal on behalf of the government to all honourable members is that in our Parliamentary democracy, we have been elected to represent the people and to speak for the people. While exercising our right to speak, we must also have the duty to listen to the members of other political parties," he said.

He said "marathon discussions" were held on the SIR issue during the last session, when Parliament had debated electoral reforms.

"All members were given ample time, and parties exhausted their energy," Rijiju said.

Trinamool Congress leader Sagarika Ghose said the opposition parties stressed in the all-party meeting that Parliament is not a "one-way street".

"The opposition must be given an opportunity to speak, and its voice must be heard. Parliament is a platform for the opposition to function, and the opposition must be given time. Bills cannot be passed in two or three minutes; they should be sent to committees and sufficient time should be given for proper study," she said.

Brittas said they demanded a structured discussion on issues like India's foreign policy, Labour Codes, Centre-state relations and the VB-G RAM G replacing MGNREGA.

"In foreign policy, we want to discuss repeated humiliation by Donald Trump and the US administration, and the silence of the Indian government with regard to things that are happening in global politics.

"What is the stand of the government regarding the Board of Peace, Palestine, Iran, Venezuela..." Brittas said.

"We raised issues of TN fishermen, Hosur airport project refusal, retrieval of Katchatheevu, USA's tariffs, Madurai and Coimbatore metro project at the all-party meeting," DMK leader T R Baalu told reporters here.

BJD leader Sasmit Patra said the primary focus of his party will remain on fighting to protect the livelihoods of the farmers of Odisha and ensure their welfare.

Patra said the law and order in Odisha too was deteriorating and the BJD was committed to holding the government accountable on these fronts.

TDP leader Lavu Sri Krishna Devarayalu sought a discussion on India's Free Trade Agreements, the growing harmful effects of social media on children and the case for regulating access for those under 16, and the need to uphold probity in public life.

He also sought legislative backing for the Amaravati Capital Bill and clarity on the implementation of the Central Excise (Amendment) Bill, 2025, to safeguard tobacco farmers in Andhra Pradesh. PTI SKU SKC ACB NAB AO RT RT

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