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    Electronics imports cross USD 100 billion in 2025-26: Comm Min
    India's exports plunge 7.44 pc in March; trade with West Asia nosedives
    China surpasses US as India's largest trading partner in FY26; trade gap swells to USD 112.16 bn
    W Asia crisis: India's exports plunge 7.44 pc in March; trade gap narrows
    Income Tax Act, 2025 is historic step towards modern, transparent tax system: President
    Delhi court takes cognisance of ED chargesheet against Robert Vadra in Haryana land deal case
    DoT and SEBI Sign MoU to Strengthen Fight Against Telecom-Linked Financial Frauds
    Indian team to visit US next week for trade pact talks; recalibration of agreement on table
    The cumulative exports (merchandise & services) during FY 2025-26 (April-March) is estimated at US$ 860.09 Billion, as compared to US$ 825.26 Billion ...
    Ministry of Commerce Launches New Integrated Website for Department of Commerce
    Ahana Announces RBI Reporting Solution for Co-operative Banks Using Its Proprietary Data Model
    Conversion threat to national security, need stringent nationwide law: VHP
    Madras HC seeks I-T report in Udhayanidhi Stalin poll affidavit 'discrepancies' case
    Banking veteran Zarin Daruwala joins SPJIMR Governing Council
    India's exports drop 7.44 pc to USD 38.92 billion in Mar amid disruptions due to West Asia crisis
    WPI inflation rises to 38-month high of 3.88 pc in March on higher fuel prices amid West Asia crisis
    PANVIS STAR Vascular Interventional Robotic System Redefines Mechanical Thrombectomy
    Indian official team to visit Washington next week for trade talks
    GoCredit Deploys India's First AI-Powered Loan Agent
    Wholesale price inflation rises 3.88 pc in March on surge in crude rates
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April 15, 2026
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Electronics import dependence deepens as imports rise sharply and exports remain far below import levels.
Electronics imports crossed the USD 100 billion mark in 2025-26, rising to USD 116.17 billion from USD 98.65 billion in the preceding fiscal year. Electronics exports also increased to USD 48.0 billion, supported by smartphone shipments, but remained well below imports. The trade pattern was noted as indicating continued dependence on imported semiconductors, components and electronic equipment despite the manufacturing push.
April 15, 2026
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Trade uncertainty and Middle East disruption weigh on exports as imports fall and the trade deficit narrows.
Goods exports declined in March because of trade uncertainty and geopolitical tensions, with shipments to West Asia and the Middle East contracting sharply. Imports also fell, led by lower crude oil and gold shipments, narrowing the trade deficit to a nine-month low. For the full fiscal year, exports reached an all-time high, imports rose, and the trade deficit widened. Services exports stayed robust, while China emerged as India's largest trading partner.
April 15, 2026
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China becomes India's largest trading partner as bilateral trade expands and the trade deficit widens sharply.
China emerged as India's largest trading partner in 2025-26, displacing the US after four consecutive years of US leadership. Bilateral trade with China rose to USD 151.1 billion, driven by higher exports and imports, and India's trade deficit with China widened to USD 112.16 billion. Trade with the US remained significant, but export growth was modest and imports increased more sharply, reducing India's trade surplus.
April 15, 2026
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Trade disruption and export slowdown in India deepened as West Asia conflict affected shipping and import flows.
India's merchandise exports declined sharply in March amid the West Asia crisis, while imports also fell, leading to a narrower trade deficit. The fall in outbound shipments was linked to disruption in international shipping routes, higher freight and insurance costs, and reduced trade with the Middle East, particularly in goods such as gems and jewellery, rice, engineering goods, petroleum products and electronic items. Lower crude oil and gold imports also contributed to the reduced deficit.
April 15, 2026
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Modern tax administration under the Income Tax Act, 2025 stresses transparency, fairness, compliance, and taxpayer trust.
The Income Tax Act, 2025, effective from April 1, 2026, is described as a significant step towards a modern, simple and transparent tax system. Taxation is presented as a bridge of trust between the State and citizens, requiring a system that is effective, just, sensitive and balanced, avoids unnecessary burdens, and respects honest taxpayers. The role of tax officers is to ensure correct, transparent and effective implementation.
April 15, 2026
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Money laundering cognisance in a Haryana land deal case proceeds on ED chargesheet and limited inquiry at this stage.
A Delhi court took cognisance of an ED chargesheet in a money laundering case linked to a Haryana land transaction and found sufficient material to proceed against the named accused. It held that the cognisance stage is limited to the complaint and annexed documents, that there is no legal bar to proceeding before the predicate-offence charge-sheet is filed, and that one accused could not be summoned for lack of material.
April 15, 2026
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Telecom-linked financial frauds meet coordinated data sharing as regulators deepen intelligence exchange to flag suspicious mobile numbers and protect investors.
The Department of Telecommunications and the Securities and Exchange Board of India entered into a Memorandum of Understanding to strengthen coordination against telecom-linked financial frauds, securities market scams and investment-related cyber abuse. The arrangement establishes a structured framework for data sharing and intelligence exchange between telecom and market-regulatory systems, with the objective of identifying suspicious mobile numbers, fraudulent connections and telecom resources used in impersonation, cyber fraud or money mule activity. The MoU also contemplates standard operating procedures for coordinated response and institutional sharing of red-flag indicators.
April 15, 2026
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Trade pact recalibration drives India-US negotiations as tariff changes and Section 301 probes reshape the talks.
India and the United States are resuming chief-negotiator level talks on the proposed bilateral trade pact to finalise the legal agreement and adjust it to changes in the US tariff environment. The interim understanding reached in February now requires recalibration because the tariff architecture has changed, and the discussions will also cover recent Section 301 investigations and India's response to them.
April 15, 2026
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India's trade estimates show stronger services exports, modest merchandise growth, and a wider overall trade deficit for FY 2025-26.
India's total exports of merchandise and services for FY 2025-26 are estimated to have grown, with merchandise exports showing only marginal expansion while services exports recorded stronger growth. Total imports also increased, leaving a wider overall trade deficit for the year compared with FY 2024-25. Merchandise trade data shows modest export growth alongside a sharper rise in imports, while services trade remained a major support area with an improved surplus.
April 15, 2026
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E-governance and trade access platform launched to improve accessibility, multilingual support, and integrated service delivery.
The Ministry of Commerce and Industry launched an integrated website and bilingual mobile application for the Department of Commerce to improve trade-related information access and service delivery for exporters, importers and other stakeholders. The platform is stated to comply with the Digital Brand Identity Manual 3.0 and the Guidelines for Indian Government Websites, and to advance e-governance through transparency, efficiency and ease of doing business. It also includes multilingual support, accessibility features, real-time updates, government portal integration, and grievance redressal connectivity.
April 15, 2026
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RBI reporting automation for co-operative banks aims to reduce manual consolidation, improve audit readiness, and standardise data workflows.
Co-operative banks face RBI reporting and audit challenges where data is dispersed across core banking, treasury, and digital systems, and reporting cycles depend on extraction, validation, reconciliation, and spreadsheet-based consolidation. The described reporting solution is built on a proprietary data model to create a governed reporting foundation that standardises ingestion, orchestration, and report-ready data structures for RBI and MIS workflows. It is intended to reduce manual effort, improve consistency, and support traceable lineage, historical records, and a single source of truth for reporting and audit review.
April 15, 2026
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Anti-conversion law debate intensifies as VHP urges stricter nationwide action over alleged coercive religious conversion.
The Vishva Hindu Parishad urged enactment of a stringent nationwide anti-conversion law to curb alleged illegal religious conversions and "love jihad", calling the issue a threat to national security and social harmony. It linked its demand to reported allegations of sexual harassment and forced religious conversion in Nashik, alleged that similar activity may extend to other firms and educational institutions, and called for thorough investigation. The organisation also said such concerns should not be dismissed as Islamophobia and claimed strict anti-conversion laws have provided better control in some states.
April 15, 2026
Show AI Summary
Election affidavit disclosures and alleged asset discrepancies prompt scrutiny of financial declarations and related statutory filings.
Election affidavit disclosures and alleged asset inconsistencies were placed before the Madras High Court in a petition seeking scrutiny of nomination papers and financial declarations filed by a candidate seeking re-election. The petitioner alleged discrepancies between the property particulars in the 2026 election affidavit and the earlier 2021 affidavit, including an asserted reduction in disclosed investments, and sought verification of financial disclosures, sources of income, transactions, and statutory filings.
April 15, 2026
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Governing Council appointment of banking veteran Zarin Daruwala strengthens industry leadership and values-driven management education.
Banking and financial services professional Zarin Daruwala has joined the Governing Council of Bharatiya Vidya Bhavan's S.P. Jain Institute of Management & Research, with her term commencing on 15 April 2026. The appointment is described as strengthening the institute's engagement with senior industry leadership and adding strategic value through her experience in banking, wholesale banking, and corporate governance. Her inclusion reflects the institute's focus on diverse leadership perspectives and values-driven management education.
April 15, 2026
Show AI Summary
Merchandise exports and imports fall amid West Asia disruptions, while annual goods and services trade still shows growth.
Merchandise exports and imports declined in March amid disruptions to major trade routes linked to the West Asia conflict, while the month's trade deficit widened. Annual trade data showed growth in goods and services exports, supported by services exports, even as trade with the Middle East fell sharply because of the conflict. The report also notes that the India-UK free trade agreement may come into force in the following month.
April 15, 2026
Show AI Summary
Wholesale price inflation rises on fuel and manufacturing costs as elevated energy prices and conflict-driven crude shocks persist.
Wholesale price inflation rose to a 38-month high in March, driven mainly by higher fuel and power costs, surging crude petroleum prices and firmer manufactured goods inflation amid elevated global energy prices linked to the West Asia conflict. The WPI-based inflation rate increased for the fifth straight month, while food article inflation and vegetable inflation eased. The note also recorded an excise duty cut on petrol and diesel to limit retail pass-through of higher crude oil prices.
April 15, 2026
Show AI Summary
Robotic thrombectomy platform advances precision neurointervention with haptic feedback, multi-device control and remote operation support.
PANVIS STAR is described as a pan-vascular interventional robotic system for neurovascular, cardiovascular, peripheral vascular and oncological procedures, with particular emphasis on mechanical thrombectomy for large vessel occlusion and ischemic stroke. The report highlights four-device co-manipulation, five device channels, sub-millimeter motion control, haptic feedback and tremor filtering as core features intended to improve precision, stability and operator usability. It also notes a fingertip-based control interface, compact catheter architecture, and remote operation support over 5G networks, alongside a live remote neurointervention demonstration.
April 15, 2026
Show AI Summary
Trade talks and Section 301 probes shape India-US negotiations as tariff changes delay the interim agreement.
An Indian official delegation is scheduled to visit Washington for trade talks with United States authorities amid efforts to finalise the legal text of an interim bilateral trade agreement. The talks come after changes in the United States tariff architecture following a Supreme Court ruling and the postponement of earlier negotiations. The visit also coincides with two United States Section 301 investigations, including probes concerning forced-labour import bans and industrial practices affecting commerce.
April 15, 2026
Show AI Summary
AI-powered loan matching reshapes digital lending by simplifying applications and reducing repeated credit inquiries for borrowers.
GoCredit introduced India's first AI-powered Loan Agent, a consent-based conversational system that helps borrowers discover, match and apply for personal loans through one chat interaction. The platform assesses borrower profiles, identifies suitable lenders and submits a single application without duplicate forms or repeated hard credit inquiries, while aiming to protect the borrower's credit identity and reduce the time and effort involved in seeking credit. The article situates the launch within India's digital lending ecosystem shaped by RBI-driven frameworks.
April 15, 2026
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Wholesale price inflation surges as crude oil and fuel costs climb, prompting excise duty relief on petrol and diesel.
Wholesale price inflation rose for the fifth straight month in March, driven mainly by sharp increases in fuel and power, crude petroleum and natural gas, manufactured products, basic metals and other manufacturing items. Food articles showed a slower pace of increase, and vegetable inflation softened. The rise was linked to higher global crude oil prices amid the West Asia crisis, prompting a reduction in excise duty on petrol and diesel to prevent pass-through of higher crude costs to consumers.

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Customs & Trade

Achieving 'Viksit Bharat' requires collective effort of 1.4 bn citizens amid global challenges: Modi

March 28, 2026

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Noida, Mar 28 (PTI) Prime Minister Narendra Modi on Saturday urged citizens to work with dedication and unity to tackle global challenges, and said that the government prioritizes securing India's interests and safeguarding "families and farmers".

Referring to the ongoing conflict in West Asia, while addressing a gathering at the inauguration of the first phase of the Noida International Airport in Jewar, the Prime Minister said achieving "Viksit Bharat" would require collective effort and unity among 1.4 billion citizens.

He stressed that the government's priority is to enhance citizens' convenience by saving time and reducing costs.

"I once again appeal to the people of the country that we must face this crisis calmly, with patience and unity. This is a global crisis, but we must prioritise India's interests. That is our greatest strength," he said.

He said he had discussed the situation in detail in Parliament and also held extensive and "very positive" deliberations with the Chief Ministers of various states.

The Prime Minister urged political parties to refrain from making irresponsible statements during such times.

"Those who make remarks that harm the country may gain some points in political debates, but such actions will never be forgiven by the people," he said, recalling how voters rejected misinformation campaigns during the COVID-19 pandemic.

The remarks come against the backdrop of political controversies during the COVID-19 pandemic, when Samajwadi Party chief Akhilesh Yadav had publicly expressed reluctance to take a COVID-19 vaccine, triggering a political debate over vaccine hesitancy.

The controversy was a talking point in the run-up to the 2022 Uttar Pradesh Assembly elections, in which the Samajwadi Party was defeated, and the BJP retained power.

The PM said that India is confronting the challenges arising from the ongoing conflict in West Asia with full strength.

Highlighting that India depends on crude oil and gas from conflict-affected regions, Modi said: “The government is taking necessary steps to ensure the burden does not fall on families and farmers." Inaugurating phase-I of the Noida International Airport, Modi said, "Today marks the beginning of a new chapter in the journey towards a Viksit Uttar Pradesh and a Viksit Bharat." He said Jewar Airport would boost economic activity in the region. "Noida International Airport will create new opportunities for farmers, small traders and youngsters of Western Uttar Pradesh," he said.

Modi was accompanied by Chief Minister Yogi Adityanath, Civil Aviation Minister Kinjarapu Ram Mohan Naidu and other dignitaries.

Hitting out at the main opposition party in the state, Modi said the Samajwadi Party had turned Noida into an "ATM for loot", but under BJP, it is now emerging as a powerful engine of development.

He added that Noida, once neglected by earlier governments, is now ready to welcome the world, reflecting the spirit of a self-reliant India.

Highlighting the government's aviation policy, Modi said: "We launched the UDAN scheme to ensure that air travel remains within the reach of ordinary families. In the past few years, more than 1.6 crore people have travelled at affordable fares under this scheme." UDAN scheme has recently been expanded with an approved outlay of around Rs 29,000 crore, with plans to develop new airports in smaller cities and build around 200 helipads in the coming years.

Modi said Jewar Airport would benefit a wide region covering Agra, Mathura, Aligarh, Ghaziabad, Meerut, Etawah, Bulandshahr and Faridabad.

Expressing pride, he said Uttar Pradesh now ranks among the states with the highest number of international airports.

Modi said the Jewar area is emerging as a logistics hub with the convergence of dedicated freight corridors at Dadri, enabling faster movement of goods to ports in Bengal and Gujarat.

He recalled that the airport project was first approved in 2003 during the tenure of former Prime Minister Atal Bihari Vajpayee, adding that improved connectivity would enhance food processing and agricultural exports from western Uttar Pradesh.

Modi expressed gratitude to sugarcane farmers, saying ethanol produced from their crop has helped reduce India's dependence on crude oil imports.

He said that without increased ethanol production and its blending with petrol, the country would have had to import an additional 4.5 crore barrels of crude oil annually.

He noted that the initiative has helped save about Rs 1.5 lakh crore in foreign exchange.

Modi said India's aviation sector is growing rapidly, leading to increased demand for aircraft. "These new aircraft and services will require a large workforce for operations, servicing and maintenance. This presents a huge opportunity for the youth," he said.

The Prime Minister highlighted the lack of adequate Maintenance, Repair and Overhaul (MRO) facilities in India in the past, noting that nearly 85 per cent of aircraft had to go abroad for servicing.

"Our government has resolved to make India self-reliant in the MRO sector. Large-scale facilities are now being developed in the country, and an MRO facility has also been launched at Jewar," he said.

Modern transport systems like Metro and Vande Bharat trains are being expanded Modi said, adding “the Delhi-Meerut Namo Bharat train has already benefited more than 2.5 crore passengers, reducing travel time from hours to minutes," he said.

The Prime Minister said the government has made unprecedented investments in the sector over the past 11 years. "The infrastructure budget has increased more than sixfold. About Rs 17 lakh crore has been spent on highways and expressways, and over 1 lakh kilometres of highways have been constructed," he said.

The first phase of the airport, developed at an estimated cost of Rs 11,200 crore, is envisioned as a multi-modal transport hub.

The project includes a cargo hub with an initial handling capacity of over 2.5 lakh metric tonnes annually, expandable to around 18 lakh metric tonnes. The airport's initial passenger handling capacity will be 12 million passengers per annum, scalable up to 70 million. PTI CDN KIS DRR

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