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    Telangana’s fiscal deficit stands at Rs 77,000 cr till Feb, 143 per cent of budget estimate
    Rupee plunges 49 paise to 93.32 against US dollar in early trade
    India boosts 5-kg LPG supply, accelerates PNG rollout amid West Asia disruption
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April 13, 2026
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Fiscal deficit reporting shows Telangana's budget gap widening, with receipts and own revenues lagging behind estimates.
Telangana's fiscal position was reported to show a fiscal deficit of over Rs 77,000 crore at the end of February in the last financial year, exceeding the revised estimate of Rs 56,000 crore and amounting to 143 per cent of the budgeted estimate of Rs 54,000 crore. Total receipts up to February were placed at Rs 2.32 lakh crore against revised estimates of Rs 2.82 lakh crore, while the State's own revenues from tax and non-tax sources stood at Rs 1.39 lakh crore against revised estimates of Rs 2.04 lakh crore.
April 13, 2026
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Rupee depreciation amid higher crude prices and geopolitical tensions pressures the foreign exchange market and equities.
The rupee depreciated in early trade against the US dollar amid higher crude oil prices, a stronger dollar, geopolitical tension in West Asia, and foreign fund outflows from domestic equities. The report also noted movement in domestic equity indices, an increase in India's forex reserves, and the Asian Development Bank's view that prolonged Middle East conflict could affect India through higher energy costs, trade disruption, and weaker remittances.
April 12, 2026
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LPG and PNG supply measures expand domestic fuel access as India responds to West Asia disruption.
India has increased supply of smaller 5-kg LPG cylinders and accelerated PNG connections to manage fuel availability amid West Asia disruption. The response prioritises domestic household LPG, expands market-priced cylinders for users without subsidised connections, restores commercial LPG availability through targeted allocations, and directs natural gas toward household PNG, CNG transport and fertiliser plants. The broader supply strategy also includes higher domestic production, strong refinery utilisation, excise duty cuts on petrol and diesel, and higher export levies on diesel and aviation turbine fuel.
April 12, 2026
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Export disruptions from the West Asia crisis are raising freight, input and gas costs for Ludhiana manufacturing units.
Export-oriented manufacturing units in Ludhiana are facing labour shortages, inadequate gas supply, rising input costs and logistics bottlenecks from the West Asia crisis, affecting production and exports. Handtool, basmati rice, ecotech and garment units report higher freight, insurance and raw material costs, shipment delays and reduced access to Middle Eastern markets, while some are using alternate fuels and seeking government support for worker housing.
April 12, 2026
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Forged identities and interstate logistics exposed a Lashkar-e-Taiba network aiding terrorist movement and concealment across multiple states.
Inter-state logistical support to a Lashkar-e-Taiba module was uncovered through the use of forged identities, including Aadhaar, PAN cards, voter cards and passports, to facilitate terrorist movement and concealment across several states. The investigation led to arrests of local associates and foreign terrorists, along with the seizure of weapons, ammunition, electronic devices and other incriminating material from hideouts in and around Srinagar and other locations.
April 11, 2026
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Windfall tax on diesel and aviation fuel rises to curb export gains and support domestic supply.
Export duty, described as a windfall tax, was increased immediately on diesel and aviation turbine fuel to raise domestic availability of these fuels and prevent exporters from benefiting from widened global price differences during the West Asia conflict. The duty on petrol remained nil. The revised duty structure replaced earlier lower rates imposed on diesel and ATF, with the new rates taking effect at once under the finance ministry notification.
April 11, 2026
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Fisheries exports grow through market diversification after tariff pressure, with new overseas demand supporting a higher export target.
Fisheries exports increased after US tariff measures as exporters and officials expanded sales into new overseas markets. The growth is linked to diversification into Europe, Latin America, the Middle East and Asia, with prawns, tuna and other fish varieties among the principal exports. The government has also set a higher medium-term export target and is supporting the sector through ministry-level market outreach and other initiatives to strengthen fisheries, animal husbandry and dairy development.
April 11, 2026
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Drug trafficking crackdown expands with asset seizure, document cancellation, account freezes, and swift enforcement measures.
Asset confiscation, attachment of property, freezing of bank accounts, and cancellation of identity and travel documents were announced as part of a crackdown on drug trafficking. New standard operating procedures authorise revocation of passports, driving licences, Aadhaar numbers and arms licences, immediate issuance of a Look Out Circular for absconding offenders, and financial investigations against traffickers.
April 11, 2026
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Aadhaar identity update restores Ladakh's distinct regional record and removes individual correction hurdles for residents.
Aadhaar records of Ladakh residents were centrally updated to replace the earlier "Jammu and Kashmir" entry in the State field with "Ladakh", reflecting the Union territory's post-reorganisation identity in official records. The updation mechanism was implemented without requiring individual residents to visit Aadhaar centres, using Ladakh-specific PIN codes verified with the Department of Posts and shared with UIDAI for central processing. Residents can download updated e-Aadhaar from the UIDAI portal and order a PVC Aadhaar card online if desired.
April 11, 2026
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Smartphone launch financing and EMI purchases shape OPPO F33 availability with expected premium features and flexible repayment.
OPPO announced the forthcoming launch of the OPPO F33 5G and OPPO F33 Pro, with reported specifications including a 6.57-inch AMOLED display, MediaTek Dimensity 6360 Max chipset, 7,000 mAh battery, 80W fast charging and IP69K protection. The purchase model highlighted for the smartphones includes Easy EMI financing through Bajaj Finserv partner stores, with instalment-based repayment, zero down payment offers on select models and instant approvals. Bajaj Finance Limited is identified as a registered deposit-taking NBFC engaged in lending and acceptance of deposits.
April 11, 2026
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Money laundering investigation targets real estate fraud allegations, asset seizure, and diversion of homebuyer funds in insolvency-linked case
Action under the Prevention of Money Laundering Act was initiated against a Delhi-based real estate company and its former directors, promoters and associated entities in connection with allegations of defrauding homebuyers. Searches were carried out at multiple premises in Delhi and Gurugram in the course of a money-laundering investigation linked to police and fraud-investigation complaints, while the company was stated to have been undergoing corporate insolvency resolution proceedings since 2018. During the searches, cash, jewellery, silver bullion and luxury watches were seized, and the stated allegations include diversion of funds toward land acquisition or shell companies.
April 11, 2026
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UGC-approved online degrees gain wider acceptance as India's flexible higher education market expands toward 2030.
India's online degree market is projected to expand strongly by 2030, driven by demand for flexible, career-oriented higher education, wider e-learning adoption, and supportive policy conditions. UGC-approved online degrees are described as carrying recognition comparable to regular degrees, while online MBA, BBA, MCA, and BCA programmes lead growth in management and technology streams across metropolitan and smaller cities.
April 11, 2026
Show AI Summary
GST appeal pre-deposit field made editable to address payment mismatches in Form APL-01 filings.
While filing an appeal in Form APL-01 on the GST portal, the pre-deposit percentage was earlier auto-populated at 10% under Section 107(6) of the CGST Act, 2017 and was not editable, creating difficulty where the pre-deposit had already been paid through other means or the demand amount was incorrectly reflected under the relevant head. GSTN has made the pre-deposit field editable from April 6, 2026, so that taxpayers may modify the pre-deposit percentage according to the facts of their case and calculate and pay the required amount while submitting the appeal.
April 11, 2026
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Unincorporated construction sector survey maps household construction, employment, financing, and value added across the economy.
Pilot study on construction activities in the unincorporated sector and household own-account construction estimates key economic indicators for unincorporated construction establishments and households over a 365-day reference period. The study covers market and non-market establishments, employment, fixed assets, outstanding loans, expenditure, receipts, and financing sources, and was used as an input for revised national accounts estimates. It also records the sampling design, coverage thresholds, sample size, and computer-assisted personal interviewing used in data collection.
April 11, 2026
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Dialogue and diplomacy guide India-Kuwait efforts to restore energy supplies, trade flows, and supply chain stability.
India and Kuwait reaffirmed the primacy of dialogue and diplomacy in addressing regional conflict and in restoring stability to energy supplies and trade flows. The discussion also focused on strengthening the India-Kuwait strategic partnership through trade and commerce, greater economic cooperation, shared prosperity, and assistance in addressing supply chain disruptions, particularly in relation to Kuwait's food security.
April 11, 2026
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Supply chain resilience and regional stability guide India-GCC efforts to deepen economic cooperation and smooth trade flows.
India and the Gulf Cooperation Council reaffirmed support for regional stability, mutual dialogue, and supply chain resilience in their economic and commercial relationship. The discussion highlighted coordinated efforts to ensure smooth trade flows, strengthen logistics, explore alternate routes, and address challenges affecting essential food items, while expressing solidarity and commitment to deeper India-GCC cooperation.
April 11, 2026
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Supply chain resilience and maritime safety drive India-Bahrain efforts to strengthen economic partnership.
India and Bahrain reaffirmed their commitment to strengthen economic partnership through continued cooperation and close engagement, with emphasis on regional stability, maritime safety, predictable trade flows, and supply chain resilience. The interaction also highlighted support for Bahrain's security and stability, solidarity after attacks on vital installations, and appreciation for efforts to protect the wellbeing of the Indian community in Bahrain.
April 11, 2026
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Chief Adviser (Cost) appointment highlights extensive experience in financial analysis, public policy, and costing methodologies across sectors.
Shri Anand Kumar Pal, an Indian Cost Accounts Service officer, has assumed charge as Chief Adviser (Cost) in the Department of Expenditure, Ministry of Finance, following approval by the Appointments Committee of the Cabinet. The press release notes his professional qualifications in cost accountancy, commerce and law, his more than 30 years of experience in financial analysis, public policy implementation, WTO trade policy, and costing and pricing methodologies, and his prior postings across several departments and organisations.
April 11, 2026
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Development financing gap widens as aid cuts, tariffs, and stalled financial reform deepen pressure on poorer nations.
A UN report says the widening gap between rich and poor nations is being aggravated by unfulfilled commitments to reform global financial institutions and expand development financing. The report says the Seville Commitment, adopted to close the development financing gap and support 2030 goals, has not been fully implemented, while geopolitical tensions, trade barriers, climate shocks, and reduced aid are worsening conditions for developing countries. It also notes sharp rises in tariffs on exports from the poorest and other developing nations.
April 11, 2026
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Energy cooperation deepens as India and the United States explore civil nuclear ties, coal gasification and LPG exports.
India and the United States discussed expanding energy cooperation through deeper bilateral energy trade, enhanced energy security and new areas of collaboration in nuclear power, coal gasification and LPG exports. The discussions reflected support for strengthening the India-US Energy Partnership and indicated readiness for cooperation in civil nuclear matters alongside other energy supply and transition linkages. The wider policy context included India's civil nuclear framework under the SHANTI Act.

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Customs, DGFT & SEZ

Union Minister of Commerce & Industry Shri Piyush Goyal Calls for Making India’s IP Approval System Among Top Five Globally in Speed, Transparency and Efficiency

March 10, 2026

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Shri Piyush Goyal Calls for Collective Efforts to Foster Innovation Culture; Highlights 50,000 New Innovation Labs in Schools

India Registers 215% Growth in Patent Filings in a Decade; GII Ranking Improves from 81 to 38: Shri Piyush Goyal

Government Recruiting Personnel to Accelerate IP Approvals; Shri Goyal Stresses Transparency and Integrity

Union Minister of Commerce and Industry Shri Piyush Goyal today called for making India’s Intellectual Property (IP) approval system among the top five in the world in terms of speed, transparency and efficiency, while emphasising the need to strengthen the country’s innovation ecosystem and encourage wider participation from innovators, startups, MSMEs, women and youth.

Addressing the National IP Awards & IP Conference in New Delhi today, Shri Goyal said that faster and more efficient disposal of applications related to trademarks, patents, copyrights, designs and Geographical Indications (GI) would help promote a strong culture of innovation and enable innovators to bring their ideas to market more quickly.

Congratulating the award winners for their outstanding achievements, the Minister said the awards recognise the valuable contributions of scientists, innovators, technocrats, MSMEs, entrepreneurs, agricultural institutes and IITs who are playing a key role in shaping India’s innovation-driven growth. He said the awardees represent the spirit of New India—an India that embraces technology and seeks to remain at the cutting edge of global innovation.

Shri Goyal said that recognising such achievements sends a powerful message to the wider IP ecosystem to take up similar challenges and develop path-breaking ideas. He expressed confidence that the awards will encourage the winners to achieve even greater success in the future while inspiring others to aspire for similar recognition.

The Minister stressed the importance of nurturing curiosity, inquisitiveness and the spirit of inquiry among children from a young age. Encouraging young minds to explore new ideas and think beyond conventional boundaries, he said, is essential for building a culture of innovation.

Referring to the government’s initiative to establish 50,000 new innovation labs in schools, announced in the Union Budget, Shri Goyal said these initiatives are aimed at fostering creativity, experimentation and problem-solving among students.

He urged professionals, innovators and industry stakeholders to contribute to this effort by engaging with their schools and colleges as alumni, interacting with students through webinars or video conferences, and encouraging them to understand the value of innovation, entrepreneurship and problem-solving.

Referring to the recently celebrated International Women’s Day, the Minister highlighted the importance of integrating women more deeply into the innovation and IP ecosystem. He said that more women are entering the research field with science and technology as their focal areas, and emphasised that the participation of youth and women is critical in ensuring technological advancement and improving quality of life for citizens.

The Minister said India’s talent pool, strong skill base and large number of STEM graduates produced every year will significantly contribute to making the country’s innovation and intellectual property ecosystem among the best in the world.

Shri Goyal appreciated the efforts of the Controller General of Patents, Designs and Trade Marks (CGPDTM) for relentlessly working to bring global best practices to India’s IP ecosystem and aligning it with international standards, including learnings from developed economies and the World Intellectual Property Organization (WIPO). He noted that the office began its journey with several challenges including shortage of staff, outdated technology and a large backlog of applications, but significant efforts have been made to clear much of the backlog.

He said that while certain challenges still remain in some areas, the government is recruiting new talent, strengthening capacity and enhancing skills to deal with pending cases and improve efficiency.

Highlighting some of the award-winning institutions, Shri Goyal praised IIT Madras for its path-breaking work and its startup incubation hub, which he described as truly phenomenal. Recalling his visit to the facility, he said the incubation ecosystem created there could serve as a model for upgrading other incubation centres across the country, especially in Tier-2 and Tier-3 cities and remote regions including areas such as Sikkim and northern parts of India.

The Minister also noted the growing role of women in licensing of new designs and encouraged innovators to register new designs and traditional products under the Geographical Indications (GI) registry. Given India’s vast diversity and rich heritage, he said there is significant potential to increase GI registrations across the country.

Quoting Prime Minister Narendra Modi, Shri Goyal said that the rise in patent applications in India reflects the growing innovative zeal of the country’s youth, which is a very positive sign for the future. He said this growing enthusiasm among innovators is sending a strong message globally that India is emerging as a major centre of innovation and technology development.

Highlighting India’s progress in innovation indicators, Shri Goyal noted that the country has improved its position in the Global Innovation Index (GII) from 81st in 2015 to 38th currently. He also pointed out that patent filings in India have grown by nearly 215 percent in the last decade, with India’s global ranking improving from 14th to 6th.

Shri Goyal emphasised that innovation opportunities exist in everyday life and that identifying and solving such challenges requires an open mind and creative thinking.

Recalling the evolution of the national slogan “Jai Jawan, Jai Kisan”, later expanded by former Prime Minister Atal Bihari Vajpayee with “Jai Vigyan”, the Minister noted that Prime Minister Narendra Modi further added “Jai Anusandhan”, highlighting the central role of innovation and research in India’s development journey.

He said India enjoys several demographic advantages including a young population with an average age of under 30 years, a balanced gender ratio and increasing participation of women in the formal workforce across sectors.

Highlighting the remarkable rise in women-led innovation, Shri Goyal said patent filings by women have increased by 345 times over the past 12 years, demonstrating a transformational change in the innovation landscape.

The Minister said India is witnessing an IP revolution with tremendous opportunities for innovators. Echoing the Prime Minister’s vision, he emphasised that the path forward lies in “Innovate, Patent, Produce and Prosper.”

Reiterating the government’s commitment to supporting startups, women entrepreneurs and micro and small enterprises, Shri Goyal said the government has already reduced IP-related fees by about 50 to 80 percent. He suggested that an 80 percent fee reduction be extended for women entrepreneurs, startup innovators and micro and small enterprises for filings in order to make the system more affordable and accessible.

He also proposed exploring fast-track mechanisms to support these applicants and encourage greater participation in the IP ecosystem.

Speaking about India’s global economic engagement, Shri Goyal said the vision of Atmanirbhar Bharat (self-reliant India) does not mean closing doors to the world but strengthening international partnerships.

He noted that India has signed nine Free Trade Agreements (FTAs) in the last three and a half years, covering 38 prosperous and largely developed countries, giving India preferential market access to nearly two-thirds of global trade.

He urged innovators and entrepreneurs to take advantage of these opportunities by developing new products, services and export markets.

Shri Goyal assured stakeholders that the government is recruiting a large number of personnel to accelerate IP approvals and reiterated his goal of making India’s IP system among the top five globally in terms of clearance speed.

He emphasised that the system must remain transparent, fair and efficient, and encouraged stakeholders to raise concerns directly with the Chief Controller or the concerned department if they face any difficulties. He also urged citizens to report any irregular practices in government processes, assuring that the government is committed to maintaining high integrity and seamless interaction between innovators and government institutions.

Shri Goyal concluded with expressing confidence that the collective efforts of innovators, institutions and the government will help transform ideas into impactful creations and accelerate India’s journey towards becoming a developed and prosperous nation.

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