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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.
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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.
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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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Banking sector review panel will align future growth with financial stability, inclusion and consumer protection through government recommendations.
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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.
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August 16, 2026
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Temporary tariff suspension for earthquake recovery is sought to ease pressure on affected Colombian businesses.
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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.
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August 16, 2026
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LPG production preparedness requires refiners and upstream producers to maintain capacity and increase output during supply constraints.
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Free trade agreement market access requires MSMEs, farmers and exporters to meet global quality standards.
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Chemical-free farming can strengthen agricultural exports by meeting global standards and responding to rising international demand.
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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.
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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.
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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.
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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

Shah ramps up BJP's campaign for Assam assembly polls

January 30, 2026

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Dibrugarh/Dhemaji, Jan 30 (PTI) Union Home Minister Amit Shah on Friday ramped up the BJP's campaign for the upcoming high-stakes assembly polls in Assam by accusing the Congress, particularly Rahul Gandhi, of disrespecting the North East, promoting infiltration for electoral politics and the region's lack of development.

Shah, during his day-long programmes in the state where he launched projects worth Rs 1715 crore, heaped praise on Chief Minister Himanta Biswa Sarma for dealing effectively with varied issues, and virtually endorsed him for the state's top post by urging people to vote for the BJP for the third consecutive term.

Shah accused 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 in Dibrugarh.

''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," he said.

Shah also accused the Congress of using infiltration as a "weapon of its vote bank politics" and claimed that 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, he said, ''We kept our promise".

In Dhemaji, Shah claimed that the demography of Assam changed during the Congress rule and the BJP-led government under Prime Minister Narendra Modi is working to reverse the trend.

"Assam's demography totally changed during the Congress rule. The population of infiltrators rose to 64 lakh from nil, and infiltrators became a majority in seven districts," Shah said at the closing ceremony of the 10th Mising Youth Festival.

"If you want to stop infiltration in Assam, then elect the BJP government for a third term and strengthen the hands of Chief Minister Himanta Biswa Sarma in the fight against illegal immigrants. Two BJP state governments in Assam have freed 1.26 lakh acres of land from encroachment by infiltrators," he added.

The Union home minister also stressed the role played by the Mising community in stopping infiltrators from settling in Upper Assam through their lifestyle of hard work.

In Dibrugarh, Shah claimed that the recent Free Trade Agreement (FTA) signed by Prime Minister Narendra Modi with the European Union will ensure that Assam's tea will go to all these countries with zero-tariff imposed.

"The Prime Minister has taken Assam's tea to Paris and Berlin along with other countries of the EU through the FTA and the trade pact will further boost Assam tea exports to European countries,'' he asserted.

Shah also alleged that the Congress did nothing for Assam's development but the BJP dispensation in the state, 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, but 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.

Shah further challenged the Congress to tell the people of Assam what it did during the 10 years of government at the Centre.

"As a PM for 10 years from Assam, what has Manmohan Singh given to Assam? Let me tell you. He gave Rs 1.28 lakh crore to Assam in 10 years, while Modi ji gave Rs 5.85 crore to the state," the BJP leader added.

He also alleged that in 55 years of their government since Independence, the Congress never made an Adivasi the country's President but Modi made Droupadi Murmu India's President and gave respect to all Adivasi people of the country.

In Dibrugarh, Shah laid the foundation stone for the Rs 284 crore second assembly complex and MLA hostel as a part of establishing the district as the second administrative hub, inaugurated the first phase of the completed modern multi-disciplinary sports complex built at Rs 238 crore, laid the foundation stone for its second phase to be constructed at a cost of Rs 209 crore.

He also laid the foundation stone for the Rs 292 crore Wildlife Health and Research Centre and launched the Rs 692 crore project of restoration and rejuvenation of Wetlands in the state.

The BJP's focus on the polls was also evident from the Union home minister's visit to the party headquarters in Guwahati where he discussed election-related matters with senior functionaries.

Shah advised the party to fight the upcoming polls on the twin planks of development and secure Assam, and the state BJP will prepare an action plan on the suggestions given by him, sources said. PTI DG TR SSG DG NN

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