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    Govt lifts ban on wheat exports to protect farmers interest amid depressed local prices
    FDA suspends licences of five food outlets on Mumbai Cricket Association premises
    Govt appoints ex-diplomat Akbaruddin, 2 other new members to RBI central board
    'Only 6.83 per cent after 4 years': Omar Abdullah defends J&K power tariff hike
    No sugar shortage in India, prices to ease in coming days following govt's measures: ISMA
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    From Syrup Diversion to Sugar Production: SED's Integrated Process House Solution for Shivshakti Sugars' 7,500 TCD Plant
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August 24, 2026
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Wheat export liberalisation replaces prohibitions to support farm prices while domestic stocks are expected to protect consumer supply.
Wheat and wheat-product exports are liberalised with immediate effect by revising their export policy from prohibited to free. The change covers wheat, wheat flour, maida, semolina and wholemeal atta, replacing the earlier export-ban framework and simplifying exports previously permitted through licences. The measure aims to support farmers amid depressed domestic prices, while adequate domestic availability and buffer stocks are expected to meet demand and moderate consumer prices.
August 24, 2026
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Food safety compliance failures trigger licence suspensions for deficient hygiene, storage, refrigeration, sanitation and valid licensing practices.
Food safety enforcement measures resulted in suspension of food licences or registrations where establishments failed hygiene, food handling, storage, refrigeration, sanitation and licensing requirements. Deficiencies included unsafe temperature control, unclean refrigeration equipment, improper food storage and thawing, inadequate sanitisation, deteriorated or expired materials, deficient oil-quality checks, artificial colouring, pest infestation, cross-contamination risks and inadequate drainage. One outlet was also found to be operating under the name of an establishment without a valid food licence, resulting in suspension of its registration certificate.
August 24, 2026
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Central Board Governance expands through appointments of part-time non-official directors for defined terms, alongside central bank and government representatives.
Appointments to the Reserve Bank of India's Central Board expand its part-time, non-official director membership. Syed Akbaruddin, Annie George Mathew and Janmejaya Kumar Sinha have been appointed for four years from 24 August 2026, or until further orders, whichever occurs earlier. The Central Board also includes the Governor, deputy governors, the economic affairs secretary and the financial services secretary.
August 24, 2026
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Electricity tariff adjustment is linked to inflation and transmission losses, while free household units remain separately implemented.
Electricity tariff increase of 6.83 per cent after four years is presented as necessary in light of inflation and rising costs. Reducing transmission and distribution losses is identified as a means of limiting future tariff increases. Provision of 200 units of free electricity for poor and needy households through solar panels under the Muft Bijli Yojana is treated as distinct from tariff revisions.
August 24, 2026
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Sugar supply management measures target speculative stockpiling through imports, stockholding limits and earlier crushing to moderate prices.
Sugar supply is characterised as adequate, and higher prices are attributed principally to speculative buying and advance stockpiling, alongside lower output, seasonal demand and global price pressures rather than an actual shortage. Duty-free raw sugar imports and stockholding limits are intended to augment availability, curb speculative accumulation and stabilise market sentiment. Imports, existing stocks, special crushing and an earlier crushing season are expected to moderate prices and improve festive-period supply. Ethanol diversion is not identified as a cause of the price movement.
August 24, 2026
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Wheat export policy shifts to free trade, lifting restrictions on wheat flour, maida, semolina and wholemeal atta exports.
Wheat export policy has been revised from prohibited to free with immediate effect, lifting the export ban on wheat and related wheat products. The liberalised export treatment extends to wheat flour, maida, semolina and wholemeal atta. The restriction had been imposed to address rising domestic prices, and its removal is expected to improve international wheat availability.
August 24, 2026
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Bogus input tax credit fraud investigation examines fabricated invoices, circular transactions, layered funds and alleged proceeds of crime.
Investigation into alleged bogus input tax credit fraud involved searches under the anti-money-laundering framework. The alleged scheme involved fabricated invoices and e-way bills without actual movement of goods, circular transactions, layered funds, cash withdrawals and bogus or non-existent entities. GST authorities identified fraudulent availment of input tax credit causing wrongful loss to the government exchequer. The investigation focused on tracing alleged proceeds of crime, identifying beneficiaries, and securing documentary and digital evidence.
August 24, 2026
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Sugar crystallization process integration combines evaporator upgrades, continuous boiling, heat recovery and automation for efficient plantation white sugar production.
Sugar manufacturing process integration is proposed through strengthening an existing evaporator station and adding a sugar crystallization section to convert syrup production into plantation white sugar production. The scope covers design, engineering, equipment supply, erection and commissioning of condensate heaters, falling film evaporators, heat-recovery systems, continuous pans, vacuum systems and crystallizers. Continuous massecuite boiling will use chamber-specific control, while evaporator recirculation and online chemical-cleaning provisions support process control and low-grade vapour utilisation.
August 24, 2026
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Competitive examination preparation supports career pathways in civil services, public employment, management, defence, research and international higher education.
Career-development and competitive-examination preparation is offered alongside academic programmes for civil services, government and public-sector employment, banking, engineering higher education, management, defence, teaching, research and overseas education. UPSC, SSC-CGL, Bank PO, GATE, CAT, CDS, UGC-NET, GRE, GMAT and IELTS preparation includes courses, workshops, mentorship, expert guidance and examination-specific resources. Access to examinations, admissions and career opportunities remains subject to applicable eligibility, selection and institutional criteria.
August 24, 2026
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Corporate governance professionals gain expanded training infrastructure as Hyderabad's new Chapter Office supports Company Secretaries and students.
Institute of Company Secretaries of India has inaugurated a Chapter Office in Hyderabad to expand infrastructure for professional education, training, examinations, meetings, capacity-building programmes and stakeholder engagement. The facility is intended to support Company Secretaries and students and enable wider professional and educational activities. Company Secretaries are identified as corporate governance professionals, with expanding regulatory requirements and the formalisation and listing of micro, small and medium enterprises creating potential demand for qualified professionals.
August 24, 2026
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Diversified pharmaceutical growth combines branded portfolio expansion, contract manufacturing, merchant exports, and regulatory registrations for international market development.
Curis Lifesciences Limited plans a diversified pharmaceutical strategy spanning domestic branded products, contract manufacturing and international market development. Its majority acquisition of Uninova Lifesciences is intended to strengthen own-brand marketing, distribution and portfolio expansion, including injectable products through third-party manufacturing. International initiatives include merchant exports in Kenya and a Nigerian joint venture pursuing own-brand regulatory registrations alongside contract-manufacturing and export opportunities. Commercial development in Nigeria remains contingent on relevant licences and purchase orders, while projections are subject to regulatory, market and other business factors.
August 24, 2026
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Insolvency framework reform prioritises efficient resolution, value maximisation, stakeholder coordination, institutional strengthening and technology-enabled asset recovery.
Insolvency and Bankruptcy Code, 2016, entered its tenth year amid deliberations on legislative amendments, resolution timelines, stakeholder interests and value maximisation. Key areas included resolution plans and tax implications, liquidation processes, recent judicial developments, stakeholder coordination, and the roles of insolvency professionals, regulators, banking institutions and adjudicatory processes. Technological innovation, including artificial intelligence for asset tracing and recovery, alongside regulatory strengthening, capacity building and stakeholder collaboration, was emphasised for the future development of the insolvency ecosystem.
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
Show AI Summary
Interoperable real-time payments enable inclusive retail transactions, bank participation, and cross-border digital payment expansion through UPI.
Unified Payments Interface (UPI) operates as an interoperable, real-time digital payments platform for peer-to-peer and person-to-merchant transactions. Its network includes varied banking institutions acting as remitter and beneficiary payment service providers, with performance monitoring across participants. Person-to-merchant payments drive transaction volume through routine small-ticket retail use, while person-to-person payments represent a larger share of transaction value. UPI also supports cross-border digital payments, with future growth linked to technological advancement, broader adoption, policy support, and financial inclusion.
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 pressured the rupee as dollar strength, crude concerns and geopolitical uncertainty shaped narrow USD/INR trading.
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.

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Customs & Trade

The Latest: Iran threatens UAE ports as war enters third week

March 14, 2026

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Dubai, Mar 14 (AP) Iran on Saturday threatened for the first time to attack infrastructure of a neighbouring country, urging people to evacuate three major ports in the United Arab Emirates it claimed the US military was using to launch strikes on Iran.

The warning sharpens fears of an escalating war on the vital infrastructure for global energy supplies, as the Strait of Hormuz remains effectively closed.

Iran has fired hundreds of missiles and drones at Gulf neighbours, saying it targets US assets even as airports and oil facilities have been hit or threatened. America and Israel have struck thousands of targets across Iran during the war, now in its third week.

On Friday, President Donald Trump said US forces “obliterated” military sites on Iran's Kharg Island, home to the country's main oil export terminal, prompting Iranian officials to warn of further retaliation.

Meanwhile, Israel's war against Hezbollah has deepened Lebanon's humanitarian crisis, with about 800 people killed and more than 8,50,000 displaced.

Here is the latest: Iranian state media urges 3 ports in the UAE to evacuate ahead of potential attacks =============================================== Mizan, Iran's official judiciary news agency, claimed without evidence that US forces are located in the civilian ports of Jebel Ali, Khalifa and Fujairah in the United Arab Emirates — making the ports “legitimate targets” for Iranian attacks.

The news agency urged people in and around those ports to immediately evacuate, saying the facilities “may be targeted in the coming hours.” Earlier Saturday, a drone interception sparked a fire near Fujairah's port but there were no casualties, according to the Fujairah media office.

During the war, Gulf Arab states have faced seemingly unending and occasionally fatal Iranian drone and missile attacks targeting oil fields, cities and critical infrastructure.

Jebel Ali Port in Dubai is the busiest in the Middle East.

Here's why Iran's Kharg Island is vital to its oil industry ==================================== Kharg Island Terminal is the beating heart of Iran's oil export system, strategically located in the Persian Gulf. For decades, it has been essential in connecting Iran's vast oil reserves with the global market.

The infrastructure on Kharg Island is impressive, with massive storage tanks and pipelines built to handle millions of barrels of crude oil daily. Large oil tankers regularly dock there, transporting oil extracted from fields in southwestern Iran. The setup allows Iran to manage its exports efficiently, even when faced with sanctions.

Historically, Kharg Island has been through difficult times, including being targeted during the eight-year Iran-Iraq War due to its critical role in Iran's economy.

Iranian lawmaker says Ukraine's drone support makes it a legitimate war target =============================================== In a post on X Saturday, Ebrahim Azizi, the head of Iran's parliamentary committee on national security and foreign policy, said that by providing drone support to Israel, Ukraine has “effectively become involved in the war.” He said the entire country became a target for Iran.

Iran says US and Israeli strikes damaged about 43,000 residential and commercial units =============================================== Government spokesperson Fatemeh Mohajerani said the damaged structures included 36,469 residential units and 6,179 commercial facilities, according to state-run IRNA news agency.

Iran hasn't provided any information about military losses and damage.

Mohajerani, meanwhile, said the war has taken a heavy toll on women, with 223 women and girls killed and 2,129 others wounded since February 28. She didn't provide an overall death toll, but previously authorities have said that 1,230 people have been killed.

Iran says 52 cultural sites damaged in US-Israeli strikes ===================================== The sites include museums and historic monuments across Iran, authorities said Saturday.

The Cultural Heritage Ministry said the latest strikes in the city of Sanandaj in Kurdistan province seriously damaged the Asef Mansion, Salar Saeid Mansion and Khosro Abad Mansion, according to Mizan, the judiciary's official news agency.

Some of the sites date back several centuries and are dedicated to Kurdish culture.

Iran threatens to attack UAE cities ====================== Iran's military command threatened Saturday to attack cities in the United Arab Emirates, claiming they were used by US forces to launch strikes on Iran's Abu Musa and Kharg islands.

According to Iran's state television, the Khatam al-Anbiya Central Headquarters said, without providing evidence, that US forces launched attacks on the Islamic Republic from “ports, docks and hideouts within” cities in the Emirates.

It called on people to evacuate “ports, docks and locations where US forces are sheltered in UAE cities.” An Israeli airstrike in southern Lebanon kills 4 people ================================== Lebanon's Health Ministry said the airstrike hit an apartment in the southern city of Sidon. It gave no other details.

10 foreigners in UAE are detained over spreading war-related videos on social media =============================================== The United Arab Emirates has detained 10 foreigners who allegedly posted footage on social media of missile and drone attacks on the county.

UAE General Prosecutor Hamad Al Shamsi ordered them to remain in detention over accusations of spreading disinformation, some of which included AI-generated videos of purported attacks on UAE landmarks.

He said in a statement that their acts are punishable by imprisonment of at least a year and a fine of at least 100,000 dirhams (USD 27,230). (AP) NPK NPK

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