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    IDFC First Bank affirms trust with INR 583 Crore Government Payment
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    India Building Bridges of Trade, Trust and Transformation; Secures Preferential Access to Two-Thirds of Global Trade: Union Minister of Commerce and I...
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February 25, 2026
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Payment assurance: Bank honoured government principal and interest despite an ongoing fraud investigation and reconciliation caveats.
A branch-level fraud involving forged instruments and payment instructions affecting Government of Haryana departments is under investigation, with preliminary findings indicating possible employee collusion with external parties. Despite the ongoing probe, IDFC FIRST Bank has honored 100% of the principal and interest claimed by the affected departments, subject to final reconciliation and any further claims, and states it is cooperating with law enforcement and regulators under the FEMA / RBI framework.
February 25, 2026
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Fair trade: Germany seeks balanced, regulated economic partnership with China and support for diplomatic resolution in Ukraine.
Germany seeks a fair economic playing field with China by demanding reduced barriers to foreign companies, remedies for systemic overcapacity and export or access restrictions that distort competition, and cooperation to uphold supply-chain stability. The visit also urges Chinese diplomatic assistance to help negotiate a comprehensive, lasting peace in the Russia-Ukraine conflict, linking trade concerns to multilateral crisis resolution.
February 25, 2026
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Countervailing duties on Indian solar imports after preliminary subsidy finding; investigations and anti dumping probes continue.
The United States Department of Commerce issued preliminary affirmative determinations imposing a preliminary countervailing duty on certain Indian crystalline silicon photovoltaic cells and related solar goods, while announcing different preliminary duties on comparable imports from Indonesia and Laos. Commerce noted increased imports of the Indian products, is conducting concurrent anti dumping investigations of solar cells from the three countries, and has scheduled a final determination in the countervailing duty investigations to follow the preliminary findings.
February 25, 2026
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Free trade agreement negotiations between India and GCC launched to deepen trade ties, provide business predictability and boost investment.
A Joint Statement and prior Terms of Reference have initiated negotiations for a comprehensive Free Trade Agreement between India and the GCC to establish a predictable, broad-based trading framework. The Statement emphasises objectives of expanding and diversifying bilateral trade and investment, enhancing market access in identified export and import sectors, and leveraging historical ties and diaspora links. It frames the FTA negotiations as a mechanism to unlock trade potential, strengthen economic integration, and provide predictability for businesses, with specific tariff and regulatory commitments to be determined through negotiations.
February 25, 2026
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Free Trade Agreement negotiations aim to deepen trade and regulatory cooperation between India and Israel.
First round negotiations for an India Israel Free Trade Agreement began under a signed Terms of Reference, with technical sessions on trade in goods and services, rules of origin, sanitary and phytosanitary measures, technical barriers to trade, customs procedures and trade facilitation, and intellectual property rights, aiming to provide certainty to businesses, strengthen supply chains and expand bilateral economic cooperation.
February 25, 2026
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Preferential trade access expands through high quality FTAs, enabling broader market access and stronger export competitiveness.
India has expanded preferential trade access through a series of high quality free trade agreements, advancing negotiations with multiple partners including a Gulf Cooperation Council bloc, Israel, Chile and Canada. The government connects FTAs to export growth-citing increased merchandise trade with partners-and is supporting MSME integration via an Export Promotion Mission that improves credit access, reduces costs and assists with compliance. A four point roadmap directs grassroots FTA dissemination, a focus on quality and standards, value chain upgrading, and development of local export ecosystems through industry-MSME partnerships.
February 24, 2026
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Wheat export permission allows limited shipments while preserving domestic food security and protecting farmer returns through set modalities.
The government authorised limited wheat exports while maintaining a general prohibition, subject to a capped export allocation and forthcoming operational modalities. Wheat flour and related products remain largely prohibited except for a separate limited allowance and government to government food security permissions. The policy is justified by assessed higher private and central stocks, projected central pool availability and increased acreage supported by MSP and procurement, with aims to stabilise domestic prices, prevent distress sales, improve liquidity and allow exports without endangering domestic supply.
February 24, 2026
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Product contamination probe: forensic and food safety testing underway after suspected coolant leak linked to renal harm.
No urea traces were detected in milk linked to deaths and hospitalisations; ethylene glycol contamination and a suspected coolant leak from a freezer are under investigation. Recognised food safety, veterinary and forensic laboratories have received milk, product and environmental samples for phased testing; results will determine whether adulteration or accidental contamination occurred. The implicated dairy unit was sealed, the vendor detained, extensive household screening and blood testing conducted, and law enforcement indicated criminal proceedings will follow based on forensic and post mortem findings.
February 24, 2026
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Free Trade Agreement negotiations to advance India-GCC cooperation in energy, trade and investment and strategic ties.
India and the Gulf Cooperation Council have initiated negotiations for a Free Trade Agreement alongside a Joint Action Plan under a Strategic Dialogue to deepen cooperation in energy, trade and investment, agriculture, security, and people to people ties, positioning the FTA as the central instrument to structure and expand economic relations between India and the six member GCC bloc.
February 24, 2026
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RTI disclosure: numerical figures for sports arms imports must be released following a wrongful commercial-confidentiality refusal under the Act.
A trade department withheld calibre-wise quantities of sports arms imports citing commercial-confidence exemption under the Right to Information, yet admitted possession of the numerical data and failed to justify the exemption's application to mere quantities; the commission required a revised, point-wise reply limited to numerical figures while preserving legitimately exempt material.
February 24, 2026
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Challenge to benami attachment must be brought before statutory Benami Act authorities, not insolvency or company-law forums.
Attachment orders under the Prohibition of Benami Property Transactions Act, 1988 can be challenged only before the statutory authorities and appellate mechanisms provided within that Act; insolvency and company-law fora lack jurisdiction to entertain such challenges and resorting to them to circumvent Benami Act procedures amounts to an abuse of process.
February 24, 2026
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Spectrum auction policy recommends selling all available bands, reclaiming insolvent holders' airwaves, and easing entry to boost competition.
Trai recommends auctioning all available IMT spectrum and reclaiming airwaves from providers in insolvency, lowers networth entry thresholds for new entrants while retaining 2024 eligibility conditions, and proposes a uniform spectrum cap to protect competition without forcing operators to surrender existing holdings. It prescribes auction modalities, standard 20 year charge periods (with special 600 MHz incentives including extended validity, a payment moratorium and delayed rollout), excludes the upper 6 GHz band pending trials, and introduces a coverage for discount scheme with mandatory tower sharing and periodic spectrum revaluation.
February 24, 2026
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Deployment of judicial officers to expedite electoral roll claim verification, with document-based verification and supplementary enlistment permitted.
The Court authorised deployment of West Bengal civil judges and requisition of similarly ranked judicial officers from Jharkhand and Odisha to verify claims and objections in the SIR exercise, required minimum experience for deployed civil judges, and made the Election Commission responsible for travel, honorarium and related expenses. Judicial officers must verify documents specified in SIR notifications and judicial orders permitting Aadhaar and Class X certificates; all documents submitted on or before the cut-off date will be considered. Electoral Registration Officers and Assistant Electoral Registration Officers must satisfy judicial officers regarding document authenticity. The EC may publish the final roll and issue supplementary lists, with the Court invoking Article 142 to enlist voters in supplementary rolls.
February 24, 2026
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Consumer credit information access enables customers to view and simulate effects on their credit score within their banking app.
Integration embeds consumer credit information access into the bank's YONO app, enabling authenticated customers to view their CIBIL Score and full report, use report analysis and FAQs, and operate a score simulator to model credit events (opening/closing accounts, late payments, clearing dues, new enquiries) so users can monitor credit health, learn via gamified content, and make more informed borrowing decisions within a secure digital banking interface.
February 24, 2026
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Foreign exchange intervention: central bank actions influence currency stability amid trade-policy uncertainty and oil-driven external pressures.
The rupee modestly weakened amid a stronger dollar, higher global oil prices, and weak domestic equities, with reports of possible Reserve Bank intervention selling foreign currency to prevent the exchange rate breaching a psychologically sensitive level; trade-policy uncertainty and reference to a Supreme Court ruling are noted as additional volatility drivers.
February 24, 2026
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Supplementary demand for additional budgetary grants expands state allocations across energy, industries, water, and social sectors.
The state government presented supplementary demands totalling Rs 11,995.33 crore-Rs 5,748.10 crore on the revenue account and Rs 6,003.79 crore on the capital account-with the largest allocation of Rs 4,066 crore for energy, labour, industries and mining, including Rs 3,262 crore for power and Rs 803 crore for village and small industries, alongside specified departmental requests for water supply and sanitation, planning, rural development, food and civil supplies, revenue and forest, medical education and drugs, and OBC welfare.
February 24, 2026
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Reduced RoDTEP rates not applicable to agri and processed food exports, DGFT clarifies after rate cuts
The reduced rates and value caps under the RoDTEP scheme notified on February 23, 2026, are not applicable to exports of agricultural and processed food products falling under ITC HS Chapters 01-24, the DGFT has clarified, thereby excluding those chapters from the newly prescribed lower rates and caps and preserving their existing RoDTEP treatment.
February 24, 2026
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Market volatility driven by AI disruption and trade-policy shifts rattles investor confidence, boosting chip stocks while pressuring AI-exposed firms.
Market volatility intensified as heavy selling targeted companies seen as losers from rapid AI adoption while AI infrastructure suppliers gained; a research scenario warning of AI-induced erosion of the human-centric consumer economy heightened displacement and deflationary concerns, prompting reallocations toward chip and equipment makers and steep declines for cybersecurity and software firms. Trade-policy rhetoric and tariff measures further amplified uncertainty, producing mixed regional market reactions and notable moves in oil, currencies, and cryptocurrency.
February 24, 2026
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Trade facilitation for SEZs under the India-UK agreement could boost export competitiveness and attract technology investment.
Seminar examined the India-UK Comprehensive Economic and Trade Agreement's effects on Special Economic Zones, highlighting trade facilitation, reduction of non tariff barriers, improved market access for SEZ enterprises, and the role of SEZ infrastructure and governance in converting treaty commitments into export competitiveness and sustained investment-with targeted focus on IT/ITES and semiconductor SEZs.
February 24, 2026
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Financial modernisation drove phased computerisation and regulatory reforms to strengthen banking operations and promote inclusion.
Satyendra Kumar advocated phased computerisation of banking operations as a strategic investment to correct systemic weaknesses in public sector banks, improve transaction processing and fraud prevention, and pave the way for widespread adoption of Core Banking Solutions.

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Central Board of Indirect Taxes and Customs (CBIC) and Permanent Mission of India organise Special Trade Facilitation Sessions at World Trade Organisation in Geneva.

February 26, 2026

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Indian Delegation led by Member Customs showcases India’s digital Customs reforms and TFA implementation ahead of India’s Trade Policy Review in July 2026

India has notified 100% WTO Trade Facilitation Agreement commitments and advances ‘TFA Plus’ measures under National Trade Facilitation Action Plan 3.0

India highlights indigenously developed digital Customs ecosystem including Single Window Interface, Risk Management System and Authorised Economic Operator Programme

Digital Customs reforms reduce compliance burden for MSMEs and strengthen India’s integration into global value chains

CBIC’s Ease of Doing Business reforms for 2026 focus on trusted importer framework, courier export liberalisation and simplified e-commerce export procedures

Wide participation from delegates of around 40 countries reflects strong global interest in India’s best practices in trade facilitation

The Central Board of Indirect Taxes and Customs (CBIC), Government of India, along with Permanent Mission of India to the WTO in Geneva, organised special sessions on trade on 24th  February 2026 on the sidelines of the meeting of the Committee on Trade Facilitation at the World Trade Organization (WTO) in Geneva.

The Special Secretary and Member (Customs), Shri Surjit Bhujabal led the Indian delegation at the CBIC sessions at WTO in Geneva. The event comprised of two focused sessions on Trade Facilitation and Capacity Building highlighting India’s transformative reforms under the WTO Trade Facilitation Agreement (TFA). The programme was also held in the run up to the 8th Trade Policy Review of India, due in July 2026. The event witnessed wide participation from WTO Members and Secretariat, with delegates from around 40 countries, reflecting strong interest in India’s experience and best practices.

Having achieved compliance with WTO TFA commitments, India has moved towards “TFA Plus” measures under the National Trade Facilitation Action Plan (NTFAP 3.0), aiming to go beyond the minimum requirements and align with evolving global best practices. During the session on Trade Facilitation, Indian Customs delegation highlighted it’s ‘whole-of-government approach’ in Customs reforms, and pioneering efforts in creating a faceless, contactless and paperless Customs ecosystem through extensive digitalization and process re-engineering.

India has notified 100% of its TFA commitments within the stipulated timelines. The progress reflects India’s sustained commitment to:

  • Enhancing transparency
  • Improving inter-agency coordination, and
  • Simplifying cross-border trade procedures

The CBIC showcased its advanced and indigenously developed systems as following:

  • Comprehensive Customs Automated System with Single Window Interface
  • A robust Risk Management System (RMS)
  • The Authorised Economic Operator (AEO) Programme
  • Pre-arrival customs processing and Electronic Exchange of Origin Data (EODES)
  • Electronic Cargo Tracking System (ECTS)
  • Network of modern Customs Control Laboratories, and
  • Initiatives on Coordinated Border Management (CBM) and Virtual Trade Corridors (VTC)

The session on Capacity Building underscored India’s proactive engagement in sharing its expertise with developing and least-developed countries, particularly from the Global South. Through the National Academy of Customs, Indirect Taxes & Narcotics (NACIN), India conducts structured training programmes for officers of Indian and foreign customs administration. The training courses undertaken by Central Revenue Control Laboratory (CRCL) of India for the international participants were highlighted. Both these are recognised by WCO as Regional Training Centre for Asia-Pacific and Regional Customs Laboratory respectively. It was stated that, since 2022, NACIN has conducted 65 trainings and more than 1,800 international participants from around 30 countries were benefited by these initiatives. Several of them were done in collaboration with various international organisations such as WCO, ADB and others. Similarly, CRCL trained more than 300 international participants. India expressed its willingness to partner with countries especially developing countries to strengthen their capacity for implementing trade facilitation Agreement commitments. The participants appreciated the state-of-the-art infrastructure of these institutions and the training offered by the premier institutions of India. 

The Special Secretary and Member (Customs), Shri Surjit Bhujabal, remarked that India’s digitisation and modernisation of customs procedures over the past decade have contributed meaningfully to trade growth, and deeper integration into global value chains. Indian Customs digital ecosystem connects traders, customs authorities, banks and logistics operators, facilitates electronic processing of customs documentation, leading to reduced transaction costs and faster clearance times. Special emphasis was placed on the role of digital reforms in empowering Micro, Small and Medium Enterprises (MSMEs) by lowering compliance burdens, improving predictability, and enabling greater participation in e-commerce exports. Initiatives such as simplified documentation, advance rulings, and the Authorised Economic Operator (AEO) programme have helped onboard smaller exporters into global trade networks.

CBIC's Ease of Doing Business (EoDB) reforms for 2026 has renewed focus on digital trade facilitation through single, interconnected digital window for custom clearance and Custom Integrated System and Trust based systems with trusted importers recognised in risk systems, reducing physical verification and enabling factory-to-ship clearance. Key reforms also include removing the ₹10 lakh value cap on courier exports, allowing exporters to ship goods of any value via courier, benefiting MSMEs and e-commerce exporters; the Return to Origin (RTO) for returning unclaimed or uncleared international courier shipments to foreign senders, and a simplified, risk-based customs framework for handling e-commerce export returns.

The Ambassador and Permanent Representative to the WTO Geneva, Dr Senthil Pandian, stated that India has pursued trade facilitation reforms as a core pillar of its trade policy. According to the UNESCAP Global Survey 2023, India achieved an overall trade facilitation implementation score of over 93 percent, placing it among the leading performers in the Asia-Pacific region and the highest in South Asia. India secured full implementation scores in areas such as TransparencyFormalitiesInstitutional Arrangements and Cooperation, and Paperless Trade. These outcomes reflect sustained efforts to align domestic reforms with the objectives and disciplines of the TFA.

The event evoked a positive response from the partner countries and reaffirmed the importance of the WTO as a platform for exchange of national experiences and technical cooperation. In the spirit of “Vasudhaiva Kutumbakam” — the world is one family — India reiterated its commitment to strengthening trade facilitation frameworks and building capacities across developing countries.

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