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    Exports rise 15 pc in April-August this fiscal: Piyush Goyal
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September 9, 2026
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Women-led international trade participation requires accessible credit, market access, predictable rules and digital trade platforms across BRICS economies.
Women entrepreneurs and women-led enterprises were identified as requiring improved access to credit, buyers and markets, and predictable business rules for international trade. BRICS cooperation was envisaged through voluntary principles for assessing small exporters, a common international-trade platform, and electronic trade documentation. Financial intermediaries, banks and export-import banks were encouraged to consider trade invoices in lending decisions, while an invoice discounting platform and Women's Advancement Fund were proposed to support women exporters.
September 9, 2026
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Nuclear safeguards noncompliance triggers Security Council referral, escalating oversight of undeclared uranium traces and restricted inspection access.
IAEA Board of Governors referral of Iran to the UN Security Council follows noncompliance with nuclear nonproliferation safeguards arising from failure to cooperate with an investigation into uranium traces at undeclared sites. Iran is called upon to remedy safeguards noncompliance and enable assurances on the non-diversion of nuclear material. Restricted access to affected nuclear sites has also prevented verification of Iran's enriched uranium stockpile. Security Council consideration may permit sanctions or asset freezes, subject to veto power.
September 9, 2026
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Merchandise export growth amid global uncertainty signals strengthening trade performance and expanded trade potential with BRICS partners.
Merchandise export growth is estimated at about 15 per cent for April-August of the fiscal year despite global uncertainty and softening international trade. Potential exists for expanded trade in goods and services between India and BRICS economies. Official August export and import data are scheduled for formal release by the commerce ministry, while both exports and imports recorded growth during April-July.
September 9, 2026
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Money laundering cognizance follows allegations of criminal proceeds being routed through benami accounts and portrayed as legitimate property.
Cognizance of a prosecution complaint for money laundering was taken against the principal accused and co-accused, with summonses issued. The material prima facie indicated generation of proceeds of crime through alleged fraudulent conduct and their projection as untainted property. The alleged mechanism involved benami accounts, use of devotees' identity documents without consent, and routing of funds through bank accounts, a cooperative credit society and family members' accounts. Co-accused were alleged to have aided and abetted the laundering activities.
September 9, 2026
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Comparable GST tax base governs revenue growth calculations, excluding discontinued compensation cess from year-on-year comparisons across different levy structures.
GST revenue growth must be calculated on a comparable tax base using the same levies for both periods. CBIC treats year-on-year growth based on Central GST, State GST and Integrated GST as the appropriate comparison and considers the inclusion of compensation cess from a different levy structure misleading. Compensation cess was discontinued except for tobacco and related products from 22 September 2025, with the remaining tobacco-related cess removed from 1 February 2026. Revenue tables separately display cess, while growth calculations use the corresponding GST tax base.
September 9, 2026
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Aadhaar-registration mismatch resolution permits manual vehicle service applications after identity verification and registration record correction where needed.
Aadhaar-registration certificate mismatches affecting vehicle-related services may be resolved through manual acceptance and processing of applications after verification of identity documents. Where the owner's name or address differs, officials may examine Aadhaar, voter identity card, PAN card or passport, correct the registration certificate, and process vehicle transfers or no-objection certificate applications. Owners may alternatively update Aadhaar details where required by the online system. Relevant documents must be scanned and preserved before subsequent processing.
September 9, 2026
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Money-laundering investigation: searches, seizures and account freezing followed allegations of dubious transactions, bitcoin purchases and inflated newspaper circulation.
Prevention of Money Laundering Act proceedings concerned allegations of dubious account transactions by a newspaper publisher and entities linked to its director. Investigative scrutiny alleged substantial cash deposits, closure of accounts after cash deposits, bitcoin purchases from purportedly tainted sources without identifiable business rationale, and inflation of claimed newspaper circulation to obtain higher advertisement revenue. Searches led to seizure of documents and digital devices, while the publishing company's bank accounts were frozen.
September 9, 2026
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Industrial export promotion supports participation in international trade fair through collective displays, partner meetings, logistics assistance, and market-entry services.
INNOPROM.India International Industrial Trade Fair in New Delhi is scheduled to facilitate trade, technology engagement and commercial cooperation between Moscow-based industrial enterprises and Indian customers. A Moscow collective stand will feature high-technology products and solutions, while participating companies will engage potential customers. Export-support arrangements include funding for exhibit transport and meetings with foreign partners. Wider support includes information, financial, insurance and logistics assistance, as well as digital access to expert advice, analytics, marketplace promotion assistance and online training.
September 9, 2026
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Bitcoin transactions from allegedly tainted sources trigger scrutiny over unexplained business rationale and suspected money laundering.
Enforcement action under the Prevention of Money Laundering Act involved searches of premises linked to a publishing company, associated entities, directors and a promoter, with bank accounts frozen. Account scrutiny allegedly identified cash deposits, closed accounts and Bitcoin purchases from tainted sources without identifiable business rationale. The investigation also alleged inflation of newspaper circulation figures to misrepresent readership and obtain higher advertising revenue, in connection with an FIR alleging communal disharmony and dubious account transactions.
September 9, 2026
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Bilateral trade and investment cooperation advances through market-access dialogue, business linkages, and a time-bound trade agreement review.
India and Thailand discussed expansion of bilateral trade and investment, stronger business-to-business linkages, trade-promotion activities, and wider market opportunities for enterprises. Progress in reviewing the ASEAN-India Trade in Goods Agreement was considered, with emphasis on time-bound engagement through the India-Thailand Joint Trade Committee. The discussions supported a balanced and mutually beneficial framework for greater market access, resolution of market-access issues, and stronger regional and global supply-chain linkages.
September 9, 2026
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Money-laundering investigation scrutiny: alleged disguised consultancy payments prompted calls for an anti-corruption FIR against political figures.
The Enforcement Directorate sought an anti-corruption FIR against Pinarayi Vijayan, Veena T, P. A. Mohamed Riyas and others on material gathered during a money-laundering investigation. It alleged that Cochin Minerals and Rutile Ltd made fraudulent payments to Exalogic Solutions, Veena's now-defunct company, under the guise of IT consultancy services. Vijayan criticised the investigation as politically motivated and as an attempt to target the cooperative sector.
September 9, 2026
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Evidentiary scrutiny of conflicting trading data governs review of alleged misleading buyback announcements and fraudulent trading practices.
Evidentiary scrutiny of conflicting historical trading data is required in the challenge to regulatory penalties arising from an alleged misleading open-market share buyback announcement. The Securities Appellate Tribunal must examine the discrepancy between the investigation report and exchange-furnished trading data, determine which data accurately reflects the trading position, and record specific findings on identified discrepancies. The allegations concern inadequate buy orders despite available sell orders, failure to utilise the prescribed minimum buyback size, and fraudulent conduct under unfair trade practices and buyback requirements.
September 9, 2026
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International crude oil price volatility increases fuel retailer under-recoveries, import costs, inflation pressures, and constraints on domestic rate transmission.
Elevated international crude prices, combined with unchanged retail petrol and diesel rates, have produced negative marketing margins for state-owned fuel retailers and under-recoveries on domestic LPG. India's reliance on imported crude increases exposure to a higher import bill, trade-balance pressure and currency weakness. Sustained crude-cost increases may feed into domestic inflation through fuel, transport and energy costs, while also raising input costs for oil-sensitive industries and constraining monetary easing if inflation broadens.
September 9, 2026
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Multi-lender digital lending platform centralises borrower onboarding, disclosures and lender selection while maintaining transparent credit offer comparisons.
Pye is a multi-lender digital lending platform that matches retail borrowers with regulated lending partners according to credit need, loan type and timeline. It centralises know-your-customer compliance, documentation and disclosures, avoiding repeated borrower processes across applications. Available offers are to be displayed neutrally, with pricing, terms and annual percentage rate disclosed before a borrower proceeds. Borrower data is shared only with lenders selected for an application, while the platform is intended to make credit access available through broader digital-service channels.
September 9, 2026
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Fintech-enabled financial inclusion advances through digital payments, MSME credit access, responsible innovation, and trust-centred financial safeguards.
Fintech expands financial inclusion through digital payment and banking infrastructure, enabling customers to transact, save and borrow through accessible channels. It improves efficiency through faster account opening and payment settlement, lower transaction costs, AI-driven fraud detection and real-time supervision. Cash-flow-based lending, account aggregators and the Unified Lending Interface support collateral-light formal credit for micro, small and medium enterprises. Regulatory engagement supports self-regulation, digital public infrastructure and responsible innovation while safeguarding trust, safety, inclusion, fairness and efficiency.
September 9, 2026
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Virtual asset AML/CFT compliance requires registration, reporting and record keeping, with non-compliant providers facing access takedown notices.
Virtual Digital Assets Service Providers operating in India, whether offshore or onshore, must register with FIU-IND as reporting entities when undertaking specified virtual-asset activities. Their obligations are activity-based and include registration, reporting, record-keeping and other requirements under the PMLA and rules made under it. Notices under the PMLA were issued to fifteen providers for non-compliance, accompanied by notices seeking takedown of their applications and URLs from public access.
September 9, 2026
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Startup and skills mission expands entrepreneurship training, formal employment pathways, export facilitation, and government-service advancement opportunities.
The Chief Minister Startup and NIPUN Mission promotes youth employment, skill development, entrepreneurship, innovation and technology-based industries through entrepreneurship centres, technology laboratories, industry excellence centres and a job engine aligned with industry requirements. The Export Promotion Policy strengthens export infrastructure, market access, trade facilitation and value-added agricultural and industrial exports. The maximum age limit for eligible government and allied personnel applying for other government services or higher posts has also been increased.
September 9, 2026
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Illicit cannabis trafficking enforcement targets concealed consignments across road, rail and air routes, using seizures and arrests under narcotics law.
Directorate of Revenue Intelligence operations targeting illicit narcotic drug trafficking resulted in the seizure of around 740 kg of cannabis, high-grade hydroponic cannabis and charas, and the arrest of 13 persons under the NDPS Act, 1985. Road-based interceptions involved drugs concealed in trucks and cars, including loading areas, floor cavities and secret compartments. Rail and air-route interdictions addressed passenger-based trafficking, including charas concealed on train passengers and high-potency cannabis carried by passengers arriving on international flights.
September 9, 2026
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Portfolio management services introduce credit-focused strategies with custody, valuation, disclosure and risk safeguards for eligible investors.
Yubi PoleStar is a SEBI-registered portfolio management service offering credit-focused strategies for income, liquidity, long-term wealth creation and bespoke multi-asset portfolios. Investment selection and monitoring use a six-gate credit architecture, weighted credit-risk assessment, investment committee oversight, independent valuation and segregated client custody. SEBI registration does not guarantee performance or returns. Investments involve market, credit and liquidity risks, including loss of principal, and are subject to the disclosure document, prescribed minimum investment requirement and applicable accredited-investor relaxations.
September 9, 2026
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Advance licensing sugar refiners redirect export-oriented refined sugar to domestic sales to increase supply and restrain prices.
Advance licensing scheme sugar refiners are required to divert refined white sugar, produced from imported raw sugar ordinarily intended for export, to the domestic market to augment supplies. Domestic sugar-price management also includes duty-free sugar imports, tighter stockholding limits for bulk users and dealers, and restrictions on sugar exports. These measures operate against revised production estimates, projected domestic demand, available stocks, and concern over price increases by sugar mills.

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Customs & Trade

Rahul disrespected NE by not wearing 'gamosa' at President's Republic Day event: Shah

January 30, 2026

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Dibrugarh, Jan 30 (PTI) Union Home Minister Amit Shah on Friday accused Congress leader Rahul Gandhi of disrespecting the North East by refusing to wear a 'gamosa', presented by President Droupadi Murmu at the 'At Home' reception hosted by her on Republic Day.

All dignitaries, including those from abroad, had worn the scarf as a mark of respect, but Gandhi was the "only person to refuse" to do so, Shah claimed, while addressing a public rally at the Khanikar Parade Ground here.

He asked Gandhi ''what enmity does he have towards the people of NE....why such injustice against the people of the region''.

''Rahul Gandhi can do whatever he wants, but as long as the BJP is in power and politics, it will not allow any disrespect of the North East's culture. We are firm on this, and nobody can shake us from this firm stand," the BJP leader said.

Prime Minister Narendra Modi has worn the Assamese 'gamosa' at the UN and talked about Vaishnav saints Sankardeva and Madhavdeva, thereby spreading the state's culture globally, he said.

Shah also accused the Congress of using infiltration as a "weapon of its vote bank politics".

''There has been no infiltration in Assam since the BJP came to power. Those who had come to India illegally will be identified and sent back," he added.

Asserting that before the last elections, the BJP had pledged that infiltration, which "changed Assam's demography and compromised the nation's security", would be stopped, Shah said, ''We kept our promise".

The Assam government has stopped the process of changing demography, and has freed 1 lakh 26 thousand acres of land from infiltrators, he said. "If demographic change is not stopped, Assam may face difficulties in the coming days, and only our government can stop it.'' Shah alleged that the opposition party, for the sake of vote banks, had even handed over the sacred land of Srimanta Sankardeva to infiltrators, which the Himanta government of Assam has now made infiltrator-free. He also alleged that the Congress did nothing for Assam's development, and the BJP dispensation in Assam, under the guidance of Prime Minister Narendra Modi, has taken a series of initiatives for the progress of all sectors.

Both BJP Chief Ministers Himanta Biswa Sarma and his predecessor Sarbananda Sonowal initiated several development works, and this is happening because Prime Minister Narendra Modi has Assam in his heart, he said.

''The Congress ruled at the Centre for decades since Independence but did nothing for the development of the state. Now the BJP gives priority to Assam, whether it be in infrastructure, wildlife and environment, semiconductors, cancer facilities, airport, railways, waterways, industry and others,'' he said, ''I want to ask Rahul Gandhi what his party has given to Assam except guns, bullets, conflicts and deaths of youth," the union home minister said.

After the BJP government was formed at the Centre, more than 20 peace agreements were signed in the North East and more than 10,000 youth laid down their arms to make Assam and the region peaceful and secure, Shah said.

There was a time when there were guns and explosions but now it is the music of Bhupen Hazarika that is reaching the world and it was the BJP government that gave Bharat Ratna to him, he said.

The Congress did not honour even its first chief minister Gopinath Bardaloi with Bharat Ratna, and it was the BJP that did it, he added.

''We have started a new culture of peace, good governance, development and taking all together in the path of progress'', he said.

The chief minister has ensured equal rights for all communities by focusing on their all-round development, the union minister said.

Shah also charged the Congress with doing "nothing for the welfare of the tea garden workers" who have positioned Assam, particularly Dibrugarh, as the tea capital of the country.

''The chief minister has amended the law to ensure that the tea garden workers get ownership rights of land to over 20,000 people in around 850 tea gardens ," he said.

The people have struggled for decades for land ownership -- first they did during British rule and then when Congress was in power -- but none paid any attention to them, he said.

Shah alleged, without elaborating, that the Congress had issued a toolkit to defame Assam and its tea industry.

The recent free trade agreement (FTA) between India and the EU will ensure that Assam tea shipments will go to European countries with zero tariff, he said.

''The EU-India trade pact will boost Assam tea exports to European countries'', he asserted.

Shah said the BJP had promised in the last polls that its government would make Assam flood free, and "the steps in this direction have already been taken before the 2026 elections''.

He appealed to voters in Assam to "elect the BJP for the third consecutive term to ensure development, peace, security, industrial and agricultural progress, and make Assam free from infiltration and flood".

Shah also paid his tribute to Mahatma Gandhi on the occasion of Martyrs' Day.

''Bapu had united the entire country to ensure Swaraj for the country, and I pay my humble tributes to him,'' he said. PTI DG BDC DG NN

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