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    Cabinet approves additional instalment of Dearness Allowance to Central Government employees and Dearness Relief (DR) to pensioners w.e.f. 01.01.2026
    Cabinet approves proposal for creation of ‘Bharat Maritime Insurance Pool’ (BMI pool) with a sovereign guarantee of Rs 12,980 crore to facilitate ...
    Pak to repay USD 1.5 bn outstanding UAE debt by April 23
    Opposition in Maharashtra slams PM’s address to nation, calls it full of ‘false claims’
    TCS case: Accused concealed marriage, put pressure to convert, says complainant
    HDFC Bank Q4 profit jumps 8 pc, flags W Asia conflict impacting small biz borrowers
    Accused concealed prior marriage, put pressure to convert, claims complainant in TCS case
    Lok Sabha adjourned sine die
    India–Austria Joint Economic Commission Advances Trade and Investment Cooperation
    India–Austria Business Forum Strengthens Bilateral Cooperation in Trade and Investment
    Government Expands Coverage of RELIEF Scheme Amid West Asia Geopolitical Developments
    India and Norway hold 3rd Session of Dialogue on Trade and Investment; underscore TEPA’s role in strengthening bilateral economic ties
    NLDSL and Maharashtra Sign MoU to Strengthen State Logistics, Supporting Viksit Bharat
    CGST Delhi South Commissionerate unearths fraudulent availment of Input Tax Credit (ITC) of over Rs. 8 crore; director of company arrested
    Rs 7 crore GST fraud unearthed in UP's Pilibhit; 13 fictitious firms detected
    Amid Nashik probe, TCS says no complaints received through internal channels
    Nashik cops in Mumbra in search of woman accused in TCS case; question husband
    Agri industry experts urge govt to focus on food security in diplomatic talks amid West Asia crisis
    BJP protests across Jharkhand against electricity tariff hike
    ED conducts fresh raids in PMLA case against Kolkata realty group
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April 20, 2026
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Dearness Allowance revision approved for Central Government employees and pensioners to offset price rise from 2026.
An additional instalment of Dearness Allowance for Central Government employees and Dearness Relief for pensioners has been approved with effect from 01.01.2026, increasing the existing rate by 2% to 60% of basic pay or pension. The increase is intended to compensate for price rise and operates in accordance with the accepted formula based on the recommendations of the 7th Central Pay Commission.
April 20, 2026
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Maritime insurance pool strengthens domestic cover for vessels, reduces external dependence, and supports continuity of trade.
Approval has been given for creation of a domestic Bharat Maritime Insurance Pool backed by a sovereign guarantee to provide continuous maritime insurance cover for Indian flagged or controlled vessels, and for vessels destined to or starting from India. The pool is intended to reduce dependence on external insurance markets, address volatility and geopolitical disruption, and maintain insurance availability for maritime trade, including cargo movements between international origins and Indian ports and vice versa. It will cover major maritime risks, with policies issued by insurer members using combined underwriting capacity.
April 19, 2026
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External debt rollover and reserve support shape Pakistan's repayment schedule to the United Arab Emirates.
Pakistan's central bank expects to repay the remaining USD 1.5 billion outstanding to the United Arab Emirates by April 23, after having already transferred USD 2 billion on maturity of the deposits. The repayment follows the UAE's balance-of-payments support arrangement and is said to have been managed alongside stable foreign exchange reserves and recent inflows, including anticipated IMF disbursement support. The related financing position also includes a Saudi arrangement under which a USD 3 billion deposit with the State Bank of Pakistan was extended in maturity, with USD 2 billion already deposited by the Saudi Fund for Development.
April 19, 2026
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Women's reservation and delimitation dominate Maharashtra opposition's criticism of the Prime Minister's address.
Opposition leaders in Maharashtra criticised the Prime Minister's address as containing false claims and failing to address women's reservation properly. They demanded immediate implementation of the Nari Shakti Vandan Act and objected to any linkage between women's reservation, Census, and delimitation, saying such a connection could affect the electoral structure and delay implementation.
April 18, 2026
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Sexual harassment and forced conversion allegations at a workplace triggered multiple FIRs and police action.
Allegations at a Tata Consultancy Services unit in Nashik concerned sexual harassment, deceitful sexual relations, blackmail, and pressure to convert to Islam. One complainant said an accused concealed his marriage, induced a relationship by promising job help, and later established physical relations against her wishes, while he and other colleagues allegedly made derogatory remarks about Hindu deities and pressed her to convert. Police registered multiple FIRs and invoked provisions relating to sexual intercourse by deceit, sexual harassment, and hurting religious sentiments.
April 18, 2026
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Asset quality and governance concerns shape HDFC Bank's strong quarterly profit update amid West Asia conflict risks.
HDFC Bank reported higher quarterly net profit, with advances growth supporting core income, while also flagging near-term stress for some small-business and SME borrowers from the West Asia conflict. The bank said asset quality remained strong, provisions declined, and non-interest income was affected by RBI measures to curb rupee speculation. It also referred to governance and ethics-related concerns around the recent chairman resignation, an ongoing external legal review, and possible top-level leadership reorganisation.
April 18, 2026
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Sexual harassment and coercive conversion allegations trigger multiple FIRs, deceitful intimacy claims, and religious insult accusations.
Allegations of sexual harassment, deceitful sexual intercourse, religious insult, and pressure to convert arose from complaints made by a woman employee at a company unit in Nashik. The complaint states that one accused concealed his prior marriage, induced friendship and a promise of employment, attempted forced intimacy, and later established a physical relationship against her wishes, while also allegedly making derogatory remarks about Hindu deities and urging conversion to Islam. The FIR invokes sexual intercourse by deceitful means, sexual harassment, and hurting religious sentiments under the Bharatiya Nyaya Sanhita.
April 18, 2026
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Budget session ends with passage of key bills, defeat of women's reservation amendment, and adjournment sine die.
Lok Sabha was adjourned sine die at the close of the Budget session after passage of the Union Budget, Demands for Grants, the Finance Bill 2026-27 and the Appropriation Bill, completing the budgetary exercise in Parliament. Parliamentary business during the session included passage of several bills, reference of one bill to a parliamentary committee, non-takeup of another bill, and defeat of the Constitution (131st Amendment) Bill, 2026 on women's reservation through delimitation.
April 18, 2026
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Trade and investment cooperation between India and Austria deepens across innovation, skills, infrastructure and future economic partnership.
The 17th Session of the India-Austria Joint Economic Commission reviewed bilateral economic relations and advanced a framework for strengthening trade, investment and innovation cooperation. Discussions covered infrastructure, scientific research, dual vocational training, skills development, startups, AYUSH, tourism, semiconductors, critical minerals, digitalisation, artificial intelligence and film funding, while both sides also welcomed the conclusion of negotiations for the India-European Union Free Trade Agreement.
April 18, 2026
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Fast-track investment facilitation strengthens India-Austria trade ties, with focus on market access, MSMEs and green technologies.
A bilateral Fast-Track Mechanism was launched to facilitate investments between India and Austria by providing a dedicated platform for investors in both countries, addressing issues, supporting timely resolution and improving ease of doing business. The forum also highlighted the proposed India-EU Free Trade Agreement, priority cooperation in sustainable development, advanced manufacturing and green technologies, and opportunities for labour-intensive sectors, MSMEs and innovation-driven enterprises.
April 18, 2026
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Export logistics support expands as RELIEF adds new eligible destinations and widens insurance coverage for exporters.
The Government has expanded the eligible destination coverage under RELIEF, a time-bound export support measure under the Export Promotion Mission, in response to geopolitical disruption in West Asia and its impact on maritime logistics. Egypt and Jordan have been added for shipments meant for delivery or transhipment, while the framework continues to address extraordinary freight escalation, higher insurance premia and war-related export risks affecting Indian exporters, including MSME exporters. RELIEF is implemented through ECGC and includes insurance support, facilitation of cover for upcoming shipments and reimbursement assistance for eligible exporters.
April 18, 2026
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Trade and investment cooperation under TEPA deepens India-Norway economic ties through wider business, sectoral, and investment collaboration.
India and Norway reviewed trade and investment cooperation in the 3rd Session of the Dialogue on Trade and Investment after the entry into force of the India-EFTA Trade and Economic Partnership Agreement (TEPA). The sides described TEPA as the key framework for stronger trade, investment, technology collaboration, capacity building, and wider business partnerships, while also emphasizing resilient supply chains, energy security, climate transition, and trade diversification. They noted growing bilateral trade and services trade, duty-free access for agricultural and allied products, and wider participation opportunities for women entrepreneurs, MSMEs, farmers, fishermen, and innovation-driven businesses. The dialogue also addressed tariff reductions, SPS measures, certification, compliance costs, origin certification, and sectoral cooperation across energy, mobility, maritime, pharmaceuticals, tourism, and MSMEs.
April 18, 2026
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Logistics digitisation through ULIP aims to improve visibility, coordination, and real-time decision-making in the State.
NICDC Logistics Data Services Limited and the Government of Maharashtra signed a Memorandum of Understanding to digitize the State's logistics ecosystem through the Unified Logistics Interface Platform. The collaboration is intended to improve visibility, streamline logistics operations, promote coordination among State departments, and support real-time, data-driven decision-making. ULIP functions as a unified digital gateway integrating logistics-related data from Government systems through APIs and supporting digital logistics applications.
April 18, 2026
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Input Tax Credit fraud detected through supply-chain analysis, with ineligible credit passed on and director arrested.
Fraudulent availment and utilisation of Input Tax Credit under the CGST Act was detected through data analytics and backward supply-chain verification, showing ineligible ITC claimed without underlying supply and breaking the credit chain under Section 16. Ineligible ITC was also passed on to buyers without corresponding supply. The director admitted controlling the transactions but failed to produce documentary evidence, and was arrested under the CGST Act while further investigation continued.
April 17, 2026
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GST credential misuse and fake invoicing alleged in a fraudulent scheme involving fictitious firms and bogus billing transactions.
Misuse of GST credentials was alleged in a fraudulent loan-arrangement scheme in which a local businessman was induced to share his GST ID, password and Aadhaar details on the pretext of obtaining a bank loan. Purchases of nearly Rs 7 crore were later shown under his GST registration without corresponding return filings. Police stated that fake invoices had been generated in the names of about 13 fictitious firms, and investigation was continuing to trace the wider syndicate.
April 17, 2026
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Internal complaint channels and workplace conduct oversight shape TCS response amid Nashik allegations and probe.
TCS stated that a preliminary review of systems and records relating to its Nashik unit had not received any complaints through its internal ethics or POSH channels concerning the allegations under police probe. The company said it has constituted an oversight committee chaired by an independent director and has engaged external counsel to assist its internal investigation, with the report of the inquiry to be reviewed for implementation of recommendations.
April 17, 2026
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Workplace harassment and forced conversion probe intensifies as police search for an absconding accused and question her husband.
Police investigation continued into allegations arising from an IT workplace complaint involving sexual harassment, mental harassment, exploitation and alleged forced religious conversion at a TCS unit. A special investigation team was constituted after complaints by female employees, and multiple cases were registered on these allegations. Several employees were arrested, while one woman accused remained absconding and was being traced by police teams across different locations. The employer stated that it maintains a zero-tolerance policy toward harassment and coercion and had suspended employees allegedly involved in the misconduct.
April 17, 2026
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Food security concerns intensify as West Asia disruptions raise logistics costs, freight volatility and supply chain risks.
Food security was identified as a central policy concern amid disruptions arising from the West Asia crisis. Experts warned that higher logistics costs, energy prices, fertiliser costs, shipment delays and working capital stress were increasing risks across India's food ecosystem, with maritime route disruptions affecting imports of essential commodities and export competitiveness. Policy support was advocated through freight stabilisation, alternative trade routes, diversified sourcing, stable export policies, logistics resilience, domestic production, working capital support and real-time monitoring of global supply disruptions.
April 17, 2026
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Electricity tariff hike draws statewide protests amid claims of consumer burden, regulatory objection, and broken welfare promises.
Opposition protests were reported across Jharkhand against the state government's electricity tariff hike, with demands for withdrawal of the revised rates. The criticism focused on the burden on ordinary consumers, alleged inconsistency with promises of free electricity and welfare measures, and reported objections from the State Electricity Regulatory Commission. The protests were also tied to broader allegations of administrative failure, corruption, and excessive electricity billing.
April 17, 2026
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Money laundering probe over alleged forged title deeds and land-grabbing linked to Kolkata realty projects.
Fresh searches were conducted by the Enforcement Directorate under the Prevention of Money Laundering Act against entities linked to a Kolkata-based real estate group in a money laundering probe. The investigation concerns alleged fabrication of a false chain of title through forged documents, land-grabbing allegations, and the use of that title claim to launch real estate projects and induce public investment. The company denies wrongdoing and says its project was developed under a valid agreement.

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Customs, DGFT & SEZ

Government Expands Coverage of RELIEF Scheme Amid West Asia Geopolitical Developments

April 18, 2026

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RELIEF Scheme Supports MSME Exporters; Egypt and Jordan Added to Eligible List

In view of the evolving geopolitical situation in West Asia and its continuing impact on maritime logistics across the Gulf and adjoining regions, the Government has expanded the list of eligible destinations under RELIEF – Resilience & Logistics Intervention for Export Facilitation, a time-bound intervention under the Export Promotion Mission (EPM).

RELIEF was launched on 19 March 2026 as a targeted intervention to support Indian exporters affected by extraordinary freight escalation, heightened insurance premia and war-related export risks arising from disruptions in the Gulf and wider West Asia maritime corridor. The intervention provides calibrated support across the export cycle, including for shipments already undertaken during the disruption period as well as prospective exports.

RELIEF is being implemented through ECGC as the nodal agency and includes support for insured exporters, facilitation of insurance cover for upcoming shipments, and reimbursement assistance for eligible MSME exporters facing extraordinary freight and insurance surcharge burdens.

With this expansion, Egypt and Jordan have been added to the list of eligible countries for shipments meant for delivery or transhipment, under the relevant provisions of the RELIEF framework.

In addition, through a Policy Circular dated 15th April 2026, the Government has clarified the scope of Component II of RELIEF, which pertains to ECGC insurance support. It has been clarified that exporters obtaining a fresh ECGC Whole Turnover Policy on or after 16 March 2026 shall also be eligible for support under Component II. This clarification is aimed at ensuring greater clarity and facilitating wider participation of exporters, particularly new policyholders.

The above measures reflect the Government’s continued assessment of evolving trade and logistics conditions in the region and its commitment to respond to emerging challenges faced by exporters. By expanding the geographical coverage of RELIEF, the Government aims to ensure that exporters operating across the extended West Asia and North Africa corridor are adequately supported during the ongoing disruptions.

This expansion is expected to further strengthen export resilience, sustain trade flows and support Indian exporters navigating the current geopolitical and logistics uncertainties.

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