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September 25, 2026
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Interest-free working capital assistance for FCV tobacco growers supports liquidity, institutional loan repayment, crop inputs, and reduced private borrowing.
A one-time, interest-free working-capital loan of Rs. 50,000 per barn is approved for FCV tobacco growers in Andhra Pradesh under the Interest-Free Working Capital Assistance Scheme. Covering about 44,000 growers, the assistance is proposed to be delivered through direct benefit transfer. It is intended to provide liquidity for household requirements, institutional loan repayment and crop inputs, while reducing dependence on private borrowing.
September 25, 2026
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Government securities auction calendar establishes retail bidding access, flexible issuance terms, greenshoe subscriptions, and periodic debt switch operations.
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September 25, 2026
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Market borrowing plan sets dated securities auctions, Treasury Bill issuance, redemption management, and temporary cash-flow support.
Government market borrowing for the second half of FY 2026-27 is to be raised through weekly auctions of dated securities, including Sovereign Green Bonds, across maturities from 3 to 50 years. Debt-management measures include switching and buyback operations to smooth the redemption profile and a greenshoe option for additional subscriptions. Treasury Bills are to be issued through weekly auctions in 91-day, 182-day and 364-day maturities. The Ways and Means Advances limit is fixed to address temporary mismatches in government accounts.
September 25, 2026
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GI-tagged agricultural exports expand farmer access to international markets through FPO-led value chains and higher price realisation.
APEDA facilitated the export of a one-metric-tonne consignment of GI-tagged Gulbarga Tur Dal from Karnataka to the Maldives through an FPO-led brand. Gulbarga Tur Dal has held GI registration since 2019. The export-linked channel provides farmers a realisation of Rs.82 per kg compared with a prevailing market price of Rs.60 per kg, while supporting closer integration of FPOs and farmers into export-oriented supply chains.
September 25, 2026
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Trader welfare policy discussions covered GST reform, digital commerce, finance access, export promotion, and coordinated institutional support.
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September 25, 2026
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Gold smuggling through powdered gold concealed in food products led to seizure and arrests under customs law.
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Customs seizure of suspected smuggled areca nuts and restricted poppy seeds followed intelligence-led cross-border enforcement operations.
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Industrial control system cybersecurity certification validates system-level protection across wind farm controls, networks, and lifecycle security services.
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September 25, 2026
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Foreign exchange reserve composition reflects a weekly decline driven by foreign currency assets despite a modest gold increase.
India's foreign exchange reserves declined by USD 14.881 billion to USD 765.901 billion for the week ended 18 September 2026. The contraction was principally driven by a reduction in foreign currency assets, which also reflect valuation effects from movements in non-US reserve currencies. Gold reserves increased, while Special Drawing Rights decreased and the reserve position with the International Monetary Fund remained reported separately.
September 25, 2026
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September 25, 2026
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Alternative fuel transition promotes ethanol, electric and hydrogen mobility to reduce imports, pollution, and strengthen farm income.
Alternative-fuel and public-transport measures seek to reduce dependence on imported petroleum, curb air pollution, and support farmer income and employment. Ethanol is positioned as a farm-income source through increased demand and returns for maize growers, alongside electricity, hydrogen and waste-derived CNG. Development and introduction of flex-fuel vehicles, using engines capable of operating on ethanol, electric tractors, hydrogen-powered vehicles and hydrogen buses form part of a cleaner-mobility strategy.
September 25, 2026
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Foreign-exchange market intervention expectations supported rupee appreciation amid improved risk sentiment, while importer demand and crude prices constrained gains.
Foreign-exchange market conditions supported a 19-paise appreciation of the rupee to 95.80 against the US dollar, aided by improved global risk sentiment and expectations of Reserve Bank intervention. Dollar demand from importers, high crude prices and US dollar strength constrained gains. Lower crude prices and dollar weakness could support the rupee, while geopolitical escalation may create pressure. Market participants expected intervention if the currency weakened toward 96.
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Fuel-price mitigation measures use tax reductions, targeted subsidies and energy-security policies to ease pressure on households and energy-intensive industries.
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Digital warehousing controls propose electronic tracking, secure transport, monthly returns, and risk-based compliance verification for warehoused goods.
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Technology risk governance requires banks to retain accountability, test resilience, and govern artificial intelligence before scaling financial services.
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Customs & Trade

Nirmala Sitharaman inaugurates Gems and Jewellery Institute campus in Udupi

April 28, 2026

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Udupi (Karnataka), Apr 28 (PTI) Union Finance Minister Nirmala Sitharaman on Tuesday inaugurated the premises of the Indian Institute of Gems and Jewellery here, praising the centre for providing professional training and promoting entrepreneurship among youth.

Speaking at the event, Sitharaman said the centre, established in 2016 with support from the Gems and Jewellery Export Promotion Council and the district administration, has grown steadily despite disruptions during the Covid-19 pandemic.

“We started in a very small place, unsure of the response. Today, advanced facilities including CAD and 3D printing are available, enabling students to gain industry-relevant skills,” she said.

Sitharaman highlighted the centre’s reach across Karnataka and beyond.

“Students have come from Karwar, Chitradurga, Raichur, and Tamil Nadu. Some had no prior experience but are now running successful jewellery businesses,” she said, citing examples of trainees who returned to their hometowns to start enterprises.

Emphasising affordability, she noted, “Training abroad is expensive, but here the Indian Institute of Gems and Jewellery offers professional courses at accessible costs, making skill development widely available.” The minister also underlined the centre’s contribution to India’s jewellery export sector.

“This region, from Ratnagiri to Kerala, has a rich jewellery tradition serving the Indian diaspora. Skilled manpower from such centres strengthens our exports and creates livelihood opportunities,” she said.

Sitharaman commended the collaboration between the government, GJEPC, and local jewellers, noting that around 600 students were trained last year.

She urged greater awareness to attract more youth to the institute, describing it as a model public-private partnership that fosters entrepreneurship and skill development.

The minister also witnessed the signing of an MoU between the Indian Institute of Gems & Jewellery and IIT Madras under the InCent LGD platform for a specialised, industry-oriented certification programme in lab-grown diamond technologies.

The office of the minister said in a post on X that the programme will help bridge critical skill gaps, create job-ready professionals, boost value-added manufacturing, and strengthen India’s position in the global LGD (lab-grown diamond) value chain, aligned with Make in India, Skill India, and the goal of a self-reliant, globally competitive LGD ecosystem.

It further said that the Rs 242 crore grant announced in the Union Budget 2023–24 for lab-grown diamond research at IIT Madras is helping build a world-class ecosystem.

Under the InCent initiative, India’s first indigenously designed scaled prototype of a High Pressure High Temperature (HPHT) LGD machine has been developed and installed at IIT Madras, while imported commercial HPHT machines have also been installed for benchmarking.

Sitharaman also witnessed a demonstration of the ‘Design to Manufacturing’ process by students at IIGJ Udupi and interacted with trainees of the institute and entrepreneurs from the gems and jewellery industry, the minister’s office said in another post. PTI COR AMP SSK

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