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    Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman will embark on official visit to Canada and USA from 25th August to 2nd Septemb...
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August 24, 2026
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Bilateral economic and financial cooperation will advance through investment dialogues, business engagement, financial-sector partnerships, and global economic discussions.
Official visits to Canada and the United States are scheduled to strengthen bilateral economic and financial partnerships, deepen investment linkages, and advance cooperation on global economic priorities. Engagements include an Economic and Financial Dialogue, investment and business roundtables, corporate meetings, and discussions on financial-sector cooperation, technology, innovation, critical minerals, resilient supply chains, and a Comprehensive Economic Partnership Agreement. Participation in the G20 Finance Ministers and Central Bank Governors Meeting will address global economic growth, stability, and international financial cooperation.
August 24, 2026
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Interoperable real-time payments enable inclusive retail transactions, bank participation, and cross-border digital payment expansion through UPI.
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August 24, 2026
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Service Producer Price Indices track quarterly price movements across financial, transport, telecom and insurance services using sub-service weights.
Service Producer Price Indices based on 2022-23 set out provisional first-quarter estimates for FY 2026-27 and final fourth-quarter estimates for FY 2025-26 across financial, insurance, telecom, railway and air-passenger services. Latest quarterly data show negative year-on-year inflation for securities transaction and banking services, while banking service contribution, pension-fund management, insurance, telecom and railway services record positive inflation. Aggregate weights are not assigned because the covered services do not represent the entire service sector; sub-service weights are used to derive service-level PPIs.
August 24, 2026
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Food safety cooperation supports imported-food quality information exchange and technical collaboration within broader bilateral economic and trade engagement.
India-Morocco economic cooperation is being advanced through discussions on trade diversification, market access, investment, industrial cooperation, customs, agriculture, food safety, energy, digital transformation and logistics. A proposed food safety Memorandum of Understanding would support exchanges on imported-food safety and quality, testing laboratories, analytical methods, import procedures, quality control, sampling, testing, packaging and labelling. Proposed cultural cooperation would promote professional exchanges, heritage conservation and institutional linkages.
August 24, 2026
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Foreign-exchange market conditions led the rupee to close marginally lower against the US dollar after reversing initial gains. The USD/INR pair traded within a narrow range amid a stronger dollar index, weak domestic equity markets, importer demand, crude-oil concerns and geopolitical uncertainty. Market commentary indicated a slight negative bias for the rupee, although possible US-dollar weakness could provide support at lower levels. India's foreign-exchange reserves increased during the referenced reporting week.
August 24, 2026
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Branch expansion for wealth and cross-border banking services targets emerging commercial centres and affluent customer segments across India.
HSBC India's branch expansion is directed at extending wealth, international banking, and corporate banking services to affluent, high-net-worth, ultra-high-net-worth, and non-resident Indian customers in emerging commercial centres. The Nashik opening forms part of a broader branch-expansion programme undertaken after Reserve Bank of India approval to establish additional branches in key cities. The programme is intended to expand delivery of banking and financial services, including support for cross-border wealth management, overseas investment by Indian companies, and foreign investment into India.
August 24, 2026
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Bilateral trade and investment cooperation advances through business engagement in high-technology manufacturing, clean energy, innovation and industrial collaboration.
India's commerce and industry engagement with Japan is structured around a business delegation visit to deepen bilateral trade, investment, technology and industrial collaboration. Sector-focused discussions cover semiconductors, artificial intelligence, start-ups, automotive manufacturing, steel, electronics, industrial and consumer markets. Business roadshows and investor interactions are directed at presenting opportunities in India's manufacturing, clean-energy and consumer sectors, while advancing cooperation in high-technology manufacturing and next-generation industries.
August 24, 2026
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Inter-state heroin trafficking enforcement uncovered concealed narcotics in transport vehicles, triggering arrests, confiscation, and continuing supply-chain investigations.
Operation Black Hawk targeted an alleged inter-state heroin trafficking network moving crude heroin from the North-East region towards Uttar Pradesh. Intelligence-led vehicle tracking and highway interceptions resulted in the seizure of over 18.6 kg of crude heroin and the arrest of three suspected network members under the Narcotic Drugs and Psychotropic Substances Act, 1985. The narcotics were detected in specially fabricated concealed compartments within a passenger vehicle fuel tank and a heavy commercial vehicle body frame. Both vehicles and the contraband were confiscated, while financial and logistical investigations continue into suppliers and distribution channels.
August 24, 2026
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Five-day banking and uniform performance incentives drive proposed bank union action over unresolved pension and employment demands.
Banking labour relations are affected by proposed nationwide industrial action over five-day banking, performance-linked incentives, and pension-related demands. Five-day banking remains pending despite a bipartite arrangement for extended weekday hours. Unions dispute an incentive scheme that differentiates awards by seniority and individual performance, contending that it departs from bank-level performance linkage and uniformity across cadres. They also allege that implementation during pending conciliation breaches a status quo obligation, while pension revision, uniform dearness allowance, and a pension-scheme switch option remain unresolved.
August 24, 2026
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Free trade agreement strategy expands preferential market access and supports India's integration into global value chains and investment partnerships.
India's free trade agreement strategy seeks to expand preferential market access and integrate the country into global value chains as a trusted trading partner. Negotiations with additional country groups and individual nations are intended to extend agreement coverage to a substantial share of global trade. Investment opportunities are identified in data centres, manufacturing and artificial intelligence, alongside an objective of developing more balanced trade relations between India and Japan.
August 24, 2026
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Foreign exchange market conditions supported rupee appreciation, but crude prices, importer demand and geopolitical sanctions concerns limited gains.
Foreign exchange market conditions supported a modest early appreciation of the rupee against the US dollar due to relative dollar softness. The gain was limited by elevated crude oil prices, importer demand for dollars, and caution over anticipated sanctions affecting Iranian oil trade, banking networks and shipping routes. Currency markets remained sensitive to geopolitical uncertainty and possible wider trade effects.
August 23, 2026
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Undeclared gold importation led to customs interception, seizure, arrest and continuing investigation after concealment inside passenger clothing.
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August 23, 2026
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Digital arrest cyber fraud used impersonation, forged notices and coercive video calls to obtain transfers through mule accounts.
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August 23, 2026
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Political targeting allegations challenge money-laundering enforcement actions, searches, questioning, and public disclosures in the CMRL investigation.
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August 23, 2026
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Money-laundering investigation into alleged liquor transport irregularities results in arrests connected with claimed loss to the government exchequer.
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August 23, 2026
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Voluntary production curtailment addresses polyester yarn cost volatility as weaving units seek customs-duty relief on inputs.
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August 22, 2026
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Retaliatory tariffs escalate trade restrictions as historic tariff authority enables duties without prior investigation or a prescribed duration.
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August 22, 2026
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Reciprocal tariffs reshape Canada-United States trade relations, increasing supply-chain risks and accelerating Canadian trade diversification beyond its primary export market.
Canada-United States trade relations are described as entering a confrontational phase after tariff negotiations collapsed. The United States imposed tariffs on specified Canadian goods, while Canada committed to reciprocal import taxes and suspended negotiations. The dispute marks a retreat from preferential market access and continental integration. Canada's export dependence on the United States may limit retaliation and increase risks to output, employment, investment and integrated supply chains. Trade diversification, non-United States investment and expanded Pacific export infrastructure are identified as responses to a potentially enduring protectionist bilateral relationship.
August 22, 2026
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Retaliatory tariffs on United States goods will target key sectors after trade negotiations failed and reciprocal tariff relief was unavailable.
Retaliatory tariffs on United States goods will take effect from 8 September in response to United States tariffs on Canadian products and unsuccessful negotiations. The dollar-for-dollar measures will cover steel, dairy, appliances, agricultural equipment, pulp and paper, and electronics, with product-specific details to follow. Canada had been willing to remove certain retaliatory tariffs if corresponding United States tariffs were substantially reduced, but considered the final demands unacceptable.

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Customs & Trade

Trade deal with US will hurt Indian farmers; govt wants to destroy agri sector: Kharge

February 4, 2026

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New Delhi, Feb 4 (PTI) The India-US trade deal will hurt the interests of Indian farmers, and the government wants to destroy the country's agriculture sector, Leader of Opposition in the Rajya Sabha Mallikarjun Kharge alleged on Wednesday.

Participating in the discussion on Motion of Thanks to the President's address in the Upper House, the Congress party president also said that in the last 11 years, the government has "bulldozed" social justice and equality, and parliamentary democracy.

Hitting out at the manner in which the India-US trade deal was announced, Kharge said it is an insult to the Indian Parliament that parliamentarians got to know about the deal when it was in session from US President Donald Trump and not the government.

Quoting US Agriculture Secretary Brooke Rollins, he said, "The new US-India deal will export farm products to India's massive markets, lifting prices and pumping cash into rural America".

"Meaning American farmers will benefit," Kharge said.

"Tell us, are you (government) working for the welfare of farmers, or are you against the farmers?" Asserting that the deal will hurt the interests of Indian farmers, he alleged that the government wants to "destroy" the Indian agriculture sector.

American imports will come at zero tariff, and what India exports there will be at 18 per cent, he lamented.

"The fact that parliamentarians came to know about the India-US trade deal from President Trump and not the government is an insult to Parliament," he said, adding that Trump is telling what India should do and how to run it from the US.

Indian farmers will be destroyed by this deal, he added.

On Monday, Trump, in a social media post, announced that India and the US agreed to a trade deal under which Washington would bring down the reciprocal tariff on Indian goods to 18 per cent from the current 50 per cent, after a telephonic conversation with Prime Minister Narendra Modi.

In his speech, Kharge said the President's address was silent on many important matters and raised issues of social justice, social harmony, attack on constitutional democracy, economy, difficulties faced by farmers and workers and the government's shortcomings in its foreign policy.

After the Independence, two of the most important goals before the nation were setting up a system to provide social justice and equality, and giving the country a parliamentary democracy, but "in 11 years you have bulldozed both", he said.

In the last few years, the government has weakened the four pillars of the constitution -- justice, liberty, equality and fraternity, Kharge said.

He further said that in the last 11 years, the Modi government has weakened the fabric of social justice.

While the President's address mentioned women's reservation, in reality, women have only remained vote banks for the BJP, Kharge claimed, adding that if the Prime Minister was really concerned about women's reservation, then the Women's Reservation Act would have been implemented without any conditions.

He also alleged that under the NDA rule, atrocities against minorities, tribals and women have increased. Many schemes implemented by the earlier Congress government to uplift scheduled tribes and scheduled tribes have been completed by the current government, and fund allocations have been cut.

Kharge also lashed out at the government for "uprooting and throwing away" legislations, including MNREGA, which were aimed to provide citizens basic rights and for the betterment of citizens.

On social harmony, he said any discussion on the matter will be incomplete without mentioning Manipur, where at least 200 people have died, and 70,000 have been displaced.

"You have made Manipur a militarised zone," Kharge said, adding that it took two years for the Prime Minister to visit the troubled state.

Kharge also raised concern over rising violence against minorities and attacks on Churches in several states, while accusing the BJP spokesperson of spewing venom and spreading hatred between different communities.

"Do you want to build Viksit Bharat on the foundation of hatred and division?" he asked, adding that if the government continued with its policy, it would be responsible for breaking up the nation.

He also alleged the ruling dispensation of not entertaining demands from the opposition for discussion on various issues in Parliament by rejecting short-notice questions and half-hour discussions.

Alleging that the Prime Minister always stays away from replying to questions in Parliament, Kharge said several questions raised by Opposition members were rejected on flimsy grounds.

He accused the government of wanting to impose new laws and pass legislation without discussion or proper scrutiny in Parliament, while also alleging that in non-NDA-ruled states, Raj Bhavan has become offices of the BJP and RSS, and Governors were acting as agents of the Centre.

Highlighting the issue of inequality, citing the World Inequality Report, Kharge said 40 per cent of India's total wealth is held by 1 per cent of the population and asked what steps have been taken by the government to address the issue.

He also raised the issue of rising unemployment among youths despite large-scale vacancies in government posts and PSUs across the country, while flagging concern over heightened drug seizures, especially from ports in Gujarat.

Kharge also hit out at the government over the new labour codes, saying in order to benefit its "corporate friends", the government has finished the laws that were framed before and after Independence, which "guaranteed the future of workers".

Taking a dig at the government's 'Achche Din' slogan, he said, due to the smoke of pollution, one can't see 'Achche Din' and 11 years of failed strategy meant people are now forced to buy air purifiers.

"Those who talk about ease of doing business can't give ease of breathing...," Kharge lamented. PTI RKL CS RKL BAL BAL

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