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August 21, 2026
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Indian rupee export invoicing rules now permit overseas contracts and invoices in rupees or foreign currency for eligible destinations.
Foreign Trade Policy provisions were amended to facilitate invoicing of overseas exports and receipt of export payments in Indian rupees. For exports to countries outside the Asian Clearing Union, export contracts and invoices may be denominated in Indian rupees or any foreign currency, replacing the earlier general requirement that export earnings be received in a freely convertible currency. The applicable requirements vary according to the destination country.
August 21, 2026
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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.
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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.
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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.
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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.
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August 20, 2026
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August 20, 2026
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Multi-Currency EEFC settlements let exporters retain foreign earnings and choose conversion timing for overseas payment obligations.
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August 20, 2026
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Power semiconductor foundry expansion targets Indian fabless customers through technology showcasing, process development, and collaboration in the growing semiconductor market.
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August 20, 2026
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Money-laundering allegations over payments without services raise concerns about overseas transfers, identity-linked communications, and mineral smuggling.
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August 20, 2026
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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
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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.

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Customs & Trade

I say as agriculture minister, trade deal with US won't cause losses to India's farmers: Shivraj

February 17, 2026

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Jaipur, Feb 17 (PTI) Union Agriculture Minister Shivraj Singh Chouhan on Tuesday said the India-US interim trade deal was finalised after careful consideration, with the government ensuring that no decision harms the farming community.

Speaking at a programme here, the former Madhya Pradesh chief minister said, “I am speaking with full responsibility as the agriculture minister of India. In the trade agreement, we have taken complete care of the interests of Indian farmers. There will be no losses for India's farming community,” he said.

On imports, Chouhan said the country has to bring in the things it needs.

“We are not self-sufficient when it comes to pulses even today. If something that we need comes from another country, what is the objection?" he asked.

Similarly, he said, India imports around 5.5 lakh metric tonnes of apples.

"They come from countries like Turkey and Iran. If one lakh metric tonnes (of apple) come from the United States, after ensuring that it does not affect our farmers, what is the problem?" he asked.

On cotton, he said the textile industry faces shortages.

"When cotton production falls short, we have to import," the minister said.

Without taking any names, Chouhan also accused Congress leader Rahul Gandhi of levelling false allegations daily.

"There is one leader who is a part-time politician and a full-time dramatist. He neither understands trade nor tradition. Those who have never seen villages and farms are making allegations every day," he claimed.

The Union minister also asked why the erstwhile UPA government refused to implement the Swaminathan Committee report, which recommended fixing the minimum support price (MSP) at 50 per cent above the cost of production.

“The UPA government filed an affidavit saying that it (fixing MSP) would distort the market. It was Prime Minister Narendra Modi who decided that MSP will be given at 50 per cent above production cost," he said.

Chouhan also asked why the Congress did not create a buffer stock when there was record sugar production in 2006-07.

“When prices fell, why were farmers not protected? What kind of trade was it to import sugar at Rs 36 per kg and export it at Rs 12.50?” he asked.

The minister claimed that India was self-reliant in edible oils till 1993-94, but the Congress government put them under an open general licence, making the country dependent on imports.

"Thousands of tonnes of foodgrain were lying in the warehouses. Even the Supreme Court said they should be distributed to the poor. But the UPA government said the court should not interfere," he claimed, adding that Rahul Gandhi should give answers to these questions.

Chouhan also said it is the NDA government led by Narendra Modi that is providing free foodgrain to 80 crore poor people in the country.

“Farmers are ‘annadatas’. The government is working to promote the interests of farmers and empower them with technology.

“We must move towards natural farming. We must link agriculture with animal husbandry and other activities so that farmers' incomes increase,” he said.

"Our effort is to reduce and eliminate the difficulties faced by the farmers. Their welfare is the top priority for the NDA,” Chouhan added.

The agriculture minister launched an artificial intelligence-based platform – Bharat-VISTAAR – for farmers on the occasion.

Bharat-VISTAAR is a multi-layered digital platform designed to provide end-to-end support to the agricultural community.

Chouhan described it as the beginning of a digital revolution in agriculture that will provide farmers with real-time, integrated information and services.

Through Bharat-VISTAAR, farmers will receive AI-based, timely advice on various aspects of cultivation via a unified digital interface, enhancing transparency, empowering farmers, and making them self-reliant, Chouhan said.

The platform, initially rolled out in Hindi and English, will soon be expanded to other Indian languages.

Chouhan said it will offer mandi prices, farming practices, details of Central welfare schemes, crop-specific scientific advice, weather forecasts, agricultural loans, scheme eligibility, application processes, etc., on a single platform.

Rajasthan Chief Minister Bhajanlal Sharma, who was also present at the launch, said the platform would boost farmers' prosperity.

It will provide information on crop planning, better cultivation methods, pest protection measures, weather updates, market prices, fisheries, animal husbandry and government schemes directly on the farmers' phones, Sharma said.

Rajasthan Agriculture Minister Kirodi Lal Meena said the state government is continuously promoting advanced, technology-driven agriculture. PTI SDA ARI

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