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    Cabinet approves revision in cost and investment in equity for HPCL Rajasthan Refinery Limited (HRRL), Pachpadra, District - Balotra, Rajasthan
    Rupee likely to stabilise at 92-93 level: EAC-PM chairman
    Sensex, Nifty jump nearly 4 pc on US-Iran ceasefire, correction in crude prices
    Rupee surges 47 paise to close at 92.59/USD on US-Iran ceasefire, RBI pause on policy rates
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    Pradhan Mantri Mudra Yojana (PMMY) — completes 11 Years of empowering Small and Micro Entrepreneurs
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April 8, 2026
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Refinery cost revision and equity investment support a greenfield petrochemical complex aimed at energy security and import reduction.
Revision of the project cost for HPCL Rajasthan Refinery Limited at Pachpadra, District Balotra, Rajasthan, has been approved, along with additional equity investment by Hindustan Petroleum Corporation Limited. The project is a 9 MMTPA greenfield refinery-cum-petrochemical complex with 2.4 MMTPA petrochemical production capacity, implemented through a joint venture between HPCL and the Government of Rajasthan. The refinery is intended to support energy and industrial requirements, reduce import dependence, use locally available Mangala crude, and promote India as a refining hub.
April 8, 2026
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Rupee stability and macroeconomic resilience support expectations of steady growth, manageable deficits and appropriate policy rates.
Indian rupee is expected to stabilise around the 92-93 level against the US dollar, after pressure from global uncertainties, geopolitical tensions and foreign institutional investor withdrawals. India's economic resilience, strong macroeconomic fundamentals and fiscal space were described as cushioning the economy against external shocks. The current account deficit was described as remaining manageable, the Reserve Bank of India Monetary Policy Committee's decision to keep policy rates unchanged was described as appropriate, and growth expectations were stated to remain positive.
April 8, 2026
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Monetary policy caution kept the repo rate unchanged as conflict-driven energy and inflation risks weighed on the outlook.
The Reserve Bank of India kept the benchmark repurchase rate unchanged at 5.25 per cent, taking a cautious wait-and-watch stance amid uncertainty over the impact of the West Asia conflict on energy supplies, inflation and growth. The Monetary Policy Committee voted unanimously to retain the status quo, citing higher crude prices, pressure on the rupee and trade disruption.
April 8, 2026
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Monetary policy neutrality and forex stability shape rupee gains as West Asia tensions ease and inflation risks persist.
The rupee strengthened against the US dollar after easing geopolitical tensions in West Asia and supportive domestic market sentiment. The Reserve Bank of India kept the key policy rate unchanged and retained a neutral stance, taking a wait-and-watch approach amid uncertainty over energy supplies, inflation, growth and trade flows. The central bank's projections pointed to higher crude oil prices and a weaker exchange rate in the next financial year.
April 8, 2026
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Natural diamonds celebrated through World Diamond Day as a storytelling campaign on heritage, emotion, and craftsmanship.
The Natural Diamond Council launched World Diamond Day as a global awareness initiative to celebrate the personal, emotional, and heritage value of natural diamonds. The campaign invited artisans, manufacturers, retailers, consumers, and industry stakeholders to share authentic stories about diamonds as symbols of love, milestones, memory, legacy, and craftsmanship. A dedicated toolkit and optional creative assets were made available to participants, while the campaign message emphasised that natural diamonds are timeless heirlooms carrying meaning across generations.
April 8, 2026
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Auto-sweep banking product launches with higher returns on idle balances and anytime liquidity across savings, current and NRO accounts.
CSB Bank launched its Smart Save Account as its first retail offering after upgrading its core banking platform. The product is available in Savings, Current and NRO variants and is designed to improve returns on idle balances while preserving liquidity. It includes an auto-sweep mechanism that transfers surplus funds into fixed deposits, with interest of up to 7% on 13-month sweep-in deposits and no lock-in, so funds remain accessible when needed.
April 8, 2026
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Low interest rates and cautious monetary policy shape the Reserve Bank's stance amid inflation stability and market volatility.
Interest rates are expected to remain low in the medium to long term in view of benign inflationary conditions and strong macroeconomic fundamentals. The Reserve Bank has kept the benchmark repurchase rate unchanged while adopting a cautious wait-and-watch approach to assess the impact of the West Asia conflict on energy supplies, inflation, growth, the rupee and trade flows. Banks have transmitted earlier rate cuts to lending and deposit rates, and currency market steps were said to be temporary measures to curb excessive volatility.
April 8, 2026
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India's GDP growth projection stays resilient despite West Asia conflict, with exports and inflation facing downside risks.
Reserve Bank projected India's GDP growth for the current financial year at 6.9 per cent, noting downside risks from elevated commodity prices, higher energy costs, and supply-chain disruptions linked to the West Asia conflict. Merchandise exports may be affected by shipping, freight and insurance costs, while domestic demand is expected to be supported by services-sector momentum, GST rationalisation, manufacturing capacity utilisation, and healthy financial and corporate balance sheets.
April 8, 2026
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Governance and conduct review found no material concerns in HDFC Bank's supervisory assessment and board review.
The Reserve Bank stated that its supervisory inspection of HDFC Bank did not reveal any governance or conduct-related issues, and that review of the bank's meeting minutes also disclosed no matter of material concern. The RBI reiterated that there were no material concerns on record regarding the bank's conduct or governance, describing HDFC Bank as a Domestic Systemically Important Bank with sound financials, a professionally run board, and a competent management team.
April 8, 2026
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Market rally and unchanged RBI policy follow easing geopolitical stress and a sharp fall in crude oil prices.
Equity markets rallied sharply after a US-Iran ceasefire and a fall in crude oil prices reduced concerns over energy supply disruption and inflation pressure. The Reserve Bank of India kept the benchmark repurchase rate unchanged and maintained a cautious wait-and-watch stance, citing uncertainty from the West Asia conflict, its impact on energy supplies, inflation, growth, the rupee, and trade flows.
April 8, 2026
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Monetary policy stance remains neutral as the policy repo rate is held unchanged amid supply shocks and inflation risks.
The Monetary Policy Committee kept the policy repo rate unchanged at 5.25 per cent, retained the standing deposit facility rate at 5.00 per cent, the marginal standing facility rate and Bank Rate at 5.50 per cent, and continued a neutral stance. The decision was based on resilient domestic growth, contained headline inflation, and heightened uncertainty from geopolitical tensions, supply-chain disruption, energy price pressures, and weather-related risks affecting the inflation and growth outlook.
April 8, 2026
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Personal jurisdiction and extraterritorial reach challenged in SEC fraud action over Indian bond offering and alleged misstatements.
Personal jurisdiction and extraterritorial reach were challenged in a US SEC fraud action arising from an Indian solar-energy bond offering. The defendants argued that the securities were sold outside the United States under Rule 144A and Regulation S, the issuer and alleged conduct were Indian, and the complaint failed to plead a domestic transaction, minimum contacts, or an actionable US nexus. They also denied credible evidence of bribery, asserted no investor losses, and contended that the relied-upon statements were non-actionable corporate puffery.
April 8, 2026
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Monetary policy stance held steady as the RBI weighs energy shocks, inflation risks and growth uncertainty from geopolitical tensions.
The Reserve Bank of India retained the benchmark repurchase rate and the neutral monetary policy stance, adopting a wait-and-watch approach in view of heightened geopolitical uncertainty arising from the West Asia conflict. The central bank assessed the possible effects of disrupted energy supplies, higher crude prices, rupee weakness, supply-chain disruptions and freight-cost pressures on inflation, growth and the current account, while noting that inflation remained within the target band for the time being. It also indicated that the economy faced a supply shock and that the full impact of the conflict would become clearer over the coming months.
April 8, 2026
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Monetary policy remains neutral as the repo rate stays unchanged, with growth and inflation projections set for FY27.
The Reserve Bank's first bi-monthly monetary policy for fiscal 2026-27 kept the repo rate unchanged at 5.25 per cent and retained a neutral monetary policy stance. It projected GDP growth at 6.9 per cent for FY27 and inflation at 4.6 per cent, while noting that the West Asia crisis and elevated energy and commodity prices may weigh on domestic economic activity and production. The Reserve Bank said it would remain proactive in ensuring sufficient liquidity in the banking system.
April 8, 2026
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Retail inflation outlook remains within target as the repo rate stays unchanged amid supply and price pressures.
Retail inflation is projected at 4.6 per cent for the current financial year, within the government-mandated target range. Quarterly CPI-based inflation is estimated at 4 per cent in the first quarter, 4.4 per cent in the second, 5.2 per cent in the third and 4.7 per cent in the fourth, while headline inflation remains contained and below target. The Monetary Policy Committee kept the repo rate unchanged at 5.25 per cent amid geopolitical uncertainty, energy price pressures, weather-related food risks and supply chain dislocations.
April 8, 2026
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School meal partnership expands nutritious mid-day meals through a centralised kitchen, improving classroom attendance and child nutrition.
Deutsche Bank, under its CSR programme in India, partnered with The Akshaya Patra Foundation to inaugurate a centralised kitchen in Pune for the PM POSHAN initiative. The facility is designed to provide hot, nutritious mid-day meals to 25,000 children in 29 government and government-aided schools, supporting classroom attendance, nutrition outcomes, and access to education. The kitchen operates as a food-safe and hygiene-compliant unit with electric meal-delivery vehicles, reflecting environmental sustainability alongside social impact.
April 8, 2026
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GDP growth projection moderates as supply chain disruption, commodity prices and global volatility weigh on domestic outlook.
India's real GDP growth for 2026-27 is projected at 6.9 per cent, with quarterly estimates of 6.8 per cent in Q1, 6.7 per cent in Q2, 7.0 per cent in Q3 and 7.2 per cent in Q4. The projection reflects elevated commodity and energy prices, supply chain disruptions, and higher freight and insurance costs, while domestic demand is supported by services activity, GST rationalisation, manufacturing capacity utilisation, and healthy financial sector and corporate balance sheets.
April 8, 2026
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Repo rate unchanged as inflation pressures and currency movements keep monetary policy in a cautious stance.
Monetary policy retains the repo rate unchanged at 5.25 per cent with a neutral stance amid inflationary and external market pressures. The decision follows concerns arising from disrupted energy supplies, higher crude prices, and import-linked inflation, while headline retail inflation had moved closer to the medium-term target. The inflation framework also reflects a fresh government mandate requiring the central bank to maintain retail inflation at 4 per cent within a tolerance band of 2 per cent on either side for the next five years ending March 2031.
April 8, 2026
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Financial inclusion through PMMY expands collateral-free credit for small entrepreneurs across banks, NBFCs and MFIs.
Pradhan Mantri Mudra Yojana (PMMY) extends collateral-free institutional credit to small and micro entrepreneurs for non-corporate, non-farm income-generating activities, with the objective of funding the unfunded and broadening financial inclusion. The scheme operates through banks, NBFCs and MFIs, and is structured into Shishu, Kishor, Tarun and TarunPlus categories according to the borrower's credit needs. Loan support covers term finance and working capital across manufacturing, trading, service activities and allied agricultural activities, while interest rates are governed by RBI guidelines and repayment terms are flexible.
April 8, 2026
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Competition Commission approval for hospitality sector acquisition and group restructuring through amalgamation and demerger.
Competition Commission approval was granted for the acquisition of certain equity shares in Fleur Hotels Limited by Coastal Cedar Investments B.V. and the internal restructuring of the Lemon Tree Hotels Limited group through amalgamation and demerger. The transaction concerns a hospitality sector structure in which Fleur Hotels Limited is a subsidiary of Lemon Tree Hotels Limited and owns and leases hotels directly and through subsidiaries, while several wholly owned subsidiaries of Lemon Tree Hotels Limited are involved in the restructuring.

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Customs, DGFT & SEZ

APEDA Showcases India’s Agri and Processed Food Export Strength at AAHAR 2026

March 11, 2026

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India’s Agri and Processed Food Exports Cross ₹5 Lakh Crore; FTAs Opening New Global Opportunities: Union Minister of Commerce and Industry Shri Piyush Goyal

APEDA Releases Research Reports on Key Agricultural Products, Launches Packaging Solutions for GI and Region-Specific Exports

Basmati, Organic and Plant-Based Foods Highlighted at APEDA Pavilion at AAHAR 2026

The Agricultural and Processed Food Products Export Development Authority (APEDA), under the Ministry of Commerce & Industry, participated in the 40th edition of AAHAR 2026 held from 10–14 March 2026 at Bharat Mandapam, New Delhi. APEDA presented a pavilion highlighting India’s agricultural and processed food export capabilities, bringing together exporters, State representatives and industry stakeholders on a common platform.

The 40th edition of AAHAR – The International Food & Hospitality Fair was inaugurated by Union Minister of Commerce and Industry Shri Piyush Goyal. Organised by the India Trade Promotion Organisation (ITPO), the landmark edition of the event features Italy as the Country Partner. The inauguration ceremony was attended by senior officials from the Embassy of Italy, representatives of ITPO, government officials, industry leaders, exhibitors and delegates from India and abroad.

In his keynote address, Union Minister of Commerce and Industry Shri Piyush Goyal said that India’s food and agriculture sector is entering a new phase of global opportunity. He noted that with exports of agricultural and processed food products crossing ₹5 lakh crore annually, India today stands among the world’s leading exporters. Over the past decade, exports of processed foods, fruits, pulses and vegetables have grown significantly, reflecting the strength and diversity of farmers, fishermen and food processors across the country.

The Minister further said that India’s expanding network of Free Trade Agreements has opened significant opportunities for the country’s food and agricultural exports. In recent years, India has concluded trade agreements with countries and regions including the United Arab Emirates, Australia, Switzerland and other EFTA nations, while strengthening engagement with partners such as Japan, Korea, the United Kingdom, Oman and Mauritius, and advancing discussions with Canada and the European Union. He noted that these agreements are enabling preferential market access for Indian products across nearly two-thirds of global trade, creating new opportunities for farmers, MSMEs and food processors to expand exports and access high-value markets.

The APEDA Pavilion was inaugurated by Additional Secretary, Department of Commerce Shri Nitin Kumar Yadav along with Chairman, APEDA Shri Abhishek Dev and Managing Director, ITPO Shri Neeraj Kharwal in the presence of senior officials from the Government of India, APEDA, participating State Governments, exporters and industry representatives. The pavilion served as an important platform to showcase India’s diverse agri-export basket and facilitate interactions between exporters and buyers from domestic as well as international markets.

On the occasion, research reports on cucumber, cashew, pineapple and pomegranate prepared by APEDA in collaboration with ICRIER as the knowledge partner were also released. The reports provide insights on supply chains, export potential and strategies to enhance India’s competitiveness in global markets.

APEDA also announced the launch of packaging design solutions and technical standards for selected region-specific agricultural products developed in collaboration with the Indian Institute of Packaging (IIP). The initiative focuses particularly on GI-tagged and organic products and aims to improve product protection, shelf life and market presentation for exports. The products covered under this initiative include Karbi Anglong Ginger (Assam), G4 Chilli and Jalgaon Banana (Maharashtra), Assam Kaji Nemu (Assam) and Prayagraj Surkha Guava (Uttar Pradesh).

Spread across an exhibition area of 2,500 square metres, the APEDA Pavilion hosted over 100 exhibitors representing exporters, producer organisations, startups and food processing enterprises from across the country. The exhibition provided opportunities for industry stakeholders to explore collaborations, expand market linkages and promote value-added agricultural products.

The pavilion highlighted key export segments including Basmati Rice, Non-Basmati Rice, Organic Products and emerging plant-based food products, reflecting India’s expanding portfolio in global agri-food markets. A special feature on plant-based products showcased innovative and sustainable food alternatives gaining traction in international markets.

Several State Pavilions were featured within the APEDA space with participation from Andhra Pradesh, Assam, Bihar, Delhi, Gujarat, Haryana, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Meghalaya, Punjab, Rajasthan, Tamil Nadu, Telangana, Uttar Pradesh, Uttarakhand and West Bengal. These pavilions showcased region-specific products, traditional food items and export-ready agricultural produce, reflecting the diversity and strength of India’s agri-food sector.

APEDA’s participation at AAHAR 2026 attracted significant industry engagement, with over one lakh visitors during the five-day event. The exhibition created opportunities for exporters, food processors and agri-entrepreneurs to interact with buyers, distributors and institutional stakeholders from India and abroad.

A key highlight of the APEDA Pavilion was live wet sampling sessions conducted by a renowned chef presenting innovative recipes and applications using Indian agricultural and processed food products. The pavilion also featured focused displays on Basmati Rice, Non-Basmati Rice, Organic Products and Plant-Based Food products, enabling buyers and visitors to explore India’s export-ready offerings.

AAHAR continues to be one of the largest B2B platforms for the food and hospitality industry in South Asia, offering an important interface for business networking, product promotion and knowledge exchange across the agri-food value chain.

Through its participation at AAHAR 2026, APEDA showcased India’s growing capabilities in high-quality agricultural production, value addition and export-oriented supply chains. The pavilion brought together exporters, startups, State agencies and producer organisations, highlighting opportunities to expand India’s presence in international markets.

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