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    Union Minister of State for Finance Shri Pankaj Chaudhary participated virtually in 21st Award Ceremony of Security Printing and Minting Corporation o...
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August 21, 2026
Show AI Summary
Sovereign security production priorities emphasise compliance, modernisation, employee innovation and operational excellence across currency, passport and coinage manufacturing.
SPMCIL performs a sovereign production mandate covering secure currency, coinage, passports and other products of national importance through its mints, currency presses, security presses and paper mill. Modernisation, compliance, transparency, efficiency, productivity, quality and corporate governance support the fulfilment of sovereign requirements. Individual employees and units were recognised for performance in productivity, environment and safety, energy conservation, knowledge and development, vigilance, and official-language implementation.
August 20, 2026
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Customs enforcement against suspected gold smuggling leads to baggage seizure and apprehension of the alleged intended receiver.
Customs officers intercepted an arriving passenger at the green channel on intelligence inputs and examined baggage after X-ray screening indicated suspicious images. The examination recovered two oval capsules containing gold paste concealed in the baggage. Interrogation indicated that an alleged receiver was waiting outside the airport to collect the suspected smuggled gold. Customs officers apprehended the alleged receiver, and further investigation remains underway.
August 20, 2026
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Provincial alcohol sales restrictions remain subject to economic impact assessment under proposed bilateral trade agreement negotiations.
Provincial control over alcohol distribution remains distinct from federal trade-making authority. Quebec retains authority over whether United States alcohol is offered through its government-controlled liquor distribution system, despite lacking a veto over a bilateral trade agreement. Federal requests to restore United States alcohol to retail shelves cannot compel provincial action. Proposed trade commitments also concern restrictions on United States agricultural products and Canada's dairy import regime, which applies lower tariffs within designated import volumes and higher duties beyond those volumes.
August 20, 2026
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Electoral-roll verification found no reported cases of specified foreign nationals receiving identity-linked benefits or voter registration.
Electoral-roll special intensive revision recorded no reported cases of Pakistani, Bangladeshi or Iranian nationals obtaining Aadhaar cards, ration cards, other government benefits, or voter registration. Illegal immigrants are identified through police monitoring, intelligence measures, specialised operations and a Special Task Force. Overstayers are recorded through the District Police Module and Foreigners Identification Portal and produced before Foreigners Regional Registration Officer authorities. Persons found to be residing illegally are reported to the concerned central divisions, proceeded against through registered cases, retained pending case disposal and exit permits, and subjected to deportation steps.
August 20, 2026
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Raw sugar tariff-rate quota permits duty-free imports while bulk consumers face consumption-based sugar stockholding limits.
Raw sugar imports are permitted duty-free under a tariff rate quota until 31 October 2026, with online allocation to eligible millers and refiners having functional refining capacity. Applicants must provide a refining-capacity declaration and supporting Consent to Operate; preference applies to importers undertaking timely completion of imports, while non-utilisation or failure to surrender allocations constitutes non-compliance. Bulk sugar consumers meeting the prescribed consumption threshold are subject to a stock cap of 15 days' consumption from 1 September to 30 November 2026.
August 20, 2026
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Duty-free raw sugar imports under tariff rate quota seek to improve domestic supply and contain rising sugar prices.
Duty-free import of 10 lakh metric tonnes of raw sugar is permitted under a tariff rate quota until 31 October 2026. The import-policy measure seeks to increase domestic raw-sugar availability and restrain rising local prices amid reduced opening stocks. Price-containment measures also include a stockholding limit for bulk consumers using more than 10 tonnes of sugar monthly, restricting holdings to 15 days' consumption.
August 20, 2026
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Reservation policy implementation is strengthened through capacity building, uniform institutional practices, welfare measures, and improved financial accessibility for Divyangjans.
Reservation policy implementation across Public Sector Banks, Public Sector Insurance Companies, sectoral regulators and Public Financial Institutions is being strengthened through a capacity-building workshop. The programme seeks uniform and effective application of Government reservation policies and related welfare measures. Senior human-resource functionaries and Chief Liaison Officers considered practical implementation issues, actionable measures for consistency, and operational concerns. It also focuses on improving accessibility of financial services for Divyangjans.
August 20, 2026
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Startup ecosystem support expands through digital infrastructure, mentorship, market linkages and specialised assistance for energy and climate-tech innovation.
DPIIT's collaborations with PhonePe and Shell India create support mechanisms for DPIIT-recognised startups through technology access, digital infrastructure, mentorship, market opportunities and industry networks. PhonePe will provide transaction credits, access to the Indus AppStore, onboarding support, brand visibility, and training on fintech, sales, go-to-market strategy and business scaling. Shell India will assist energy and climate-tech startups through mentorship, strategic guidance, investor and incubator connections, participation opportunities, and knowledge-sharing materials on innovation and best practices.
August 20, 2026
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India-Singapore economic cooperation advances through trade, investment, technology and business linkages, including agriculture, fintech and sustainable infrastructure collaboration.
India-Singapore economic cooperation was advanced through ministerial, business and government-to-business engagements focused on deepening bilateral trade, investment, technology and commercial linkages. Discussions addressed agri-exports, GCC-based commercial parks, fintech and sustainable infrastructure, alongside expanding agricultural market linkages. The engagements reinforced commitment to strengthening trade, investment, technology and business-to-business cooperation.
August 20, 2026
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Responsible AI banking requires human oversight, explainable customer decisions, fair conduct, resilient systems and inclusive credit access.
Responsible AI in banking must promote inclusion, resilience and customer trust while preserving human judgement, governance accountability and clear responsibility. AI and alternative data may widen access to credit where data is obtained with consent, tested for reliability and bias, and used prudently. Banks must maintain capacity to challenge models, oversee providers, test systems under adverse conditions and intervene when automation fails. Material customer decisions must be explainable, clearly communicated and subject to review by an authorised person. Fair conduct, meaningful disclosure, impartial complaint review and transparent communication remain essential throughout the customer relationship.
August 20, 2026
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Multi-Currency EEFC settlements let exporters retain foreign earnings and choose conversion timing for overseas payment obligations.
Multi-Currency EEFC Account settlements enable exporters and international businesses to receive payment settlements directly into Exchange Earners' Foreign Currency accounts in the original transaction currency without immediate conversion into Indian rupees. Retention of foreign currency earnings permits businesses to choose when conversion is required, reducing repeated foreign-exchange conversion cycles and supporting management of foreign-currency cash flows and overseas obligations.
August 20, 2026
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Power semiconductor foundry expansion targets Indian fabless customers through technology showcasing, process development, and collaboration in the growing semiconductor market.
DB HiTek seeks to expand foundry business with Indian fabless semiconductor companies by showcasing power semiconductor and specialised process technologies. Its commercial focus includes BCD processes for automotive and industrial applications, together with silicon-carbide and gallium-nitride process development and planned volume production. Product-performance evaluations are underway with strategic customers. Customer expansion also covers X-ray, global-shutter, single-photon avalanche diode, specialty CIS, and mixed-signal/RF processes, supported by collaboration with local fabless firms.
August 20, 2026
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Money-laundering allegations over payments without services raise concerns about overseas transfers, identity-linked communications, and mineral smuggling.
Money-laundering allegations concern claimed payments by Cochin Minerals and Rutile Ltd. to Exalogic Solutions Pvt. Ltd., a company promoted by Veena T., without corresponding services. Searches reportedly yielded handwritten material referring to fund transfers to Dubai and digital material relating to a SIM card obtained in another person's name. Further allegations included overseas fund movement, hawala transfers, and possible thorium or monazite smuggling, all presented as allegations requiring examination.
August 20, 2026
Show AI Summary
Exchange stabilisation support aims to strengthen foreign-exchange resilience, reduce rollover dependence and restore access to longer-term market financing.
Pakistan has sought a proposed Exchange Stabilisation Support Facility to reinforce foreign-exchange stability and signal currency resilience to international capital markets. The strategy seeks to reduce reliance on short-term bilateral loans, deposits and rollovers by moving towards market-based financing with longer repayment periods. Improving sovereign creditworthiness through engagement with credit-rating agencies is intended to facilitate international market access, lower borrowing costs and enable longer-maturity debt raising.
August 20, 2026
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Elephant ivory trade prohibition supports enforcement against wildlife trafficking, seizure of carved ivory articles, and further investigation.
Illicit trade in elephant ivory and articles manufactured from it is prohibited under the Wildlife (Protection) Act, 1972, supporting India's CITES obligations. Enforcement action against a wildlife-trafficking syndicate resulted in the interception of four persons and seizure of 54 carved ivory artefacts. The seized articles and apprehended persons were transferred to the State Forest Department for further investigation. The action forms part of continuing measures against unlawful trade in wildlife derivatives and biodiversity threats.
August 20, 2026
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Trade deficit pressures persist as energy-import costs and currency weakness offset record automobile and electronics export growth.
Japan recorded its highest July import and export values since comparable statistics began, but continued to experience a trade deficit as rising energy costs increased import expenditure. Higher crude oil prices and disruption to Middle East supply routes affected an economy reliant on imported oil, while a weak yen raised the cost of fuel, food and raw materials. Strong automobile, semiconductor and electronics exports benefited from currency weakness, which also increased the yen value of overseas earnings.
August 19, 2026
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Forged health-scheme cards allegedly enabled ineligible treatment and misuse of public healthcare funds through false beneficiary details.
Alleged misuse of Ayushman health-scheme cards involved collecting identity and ration-card details by promising free treatment, then creating forged beneficiary cards with false particulars. The alleged scheme enabled treatment for ineligible persons and purported claims of government health-scheme funds. Police arrested five persons, recovered purported forged identity and beneficiary cards, and are investigating possible involvement of hospital and medical-office personnel, the scale of card forgery, and alleged diversion of public funds.
August 19, 2026
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MSME competitiveness requires affordable credit, technology adoption, formalisation, sustainable trade and stronger export-market access for inclusive growth.
MSME development is identified as central to employment generation, exports, entrepreneurship, economic resilience and self-reliance. Key priorities include affordable credit, technology upgradation, supply-chain integration, market access, brand-building and reduced red tape. Formalisation of micro industries is emphasised to expand institutional credit access, while sustainable trade is promoted through green technologies and renewable energy. Export competitiveness is to be strengthened through regional production capabilities and the "One District, One Export Hub" initiative.
August 19, 2026
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Supply-side inflation risks support a policy pause pending evidence of broad-based, persistent price pressures and de-anchored expectations.
Monetary policy calibration remained on hold because food and fuel inflation had not yet produced broad-based or persistent price pressures. The policy pause was supported by limited pass-through of supply-side shocks, contained core inflation and no clear demand-driven overheating. Recalibration depends on incoming evidence of persistent inflation, entrenched supply-side pressures, de-anchored expectations and the evolving growth-inflation dynamic. Geopolitical disruption, volatile oil prices, monsoon conditions and El Nin o-related agricultural risks remain material inflation risks.
August 19, 2026
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Examination irregularities investigation examines alleged answer-sheet cheating, managed centres and suspected solver-gang involvement by a biometric operator.
Alleged examination irregularities involved suspected cheating through the receipt of an answer sheet by an examinee from personnel of a private firm conducting the examination. Police arrested a biometric operator following an investigation into his alleged involvement. His prior work with biometric firms and manpower supply agencies was examined in connection with clues concerning allegedly managed examination centres and a suspected solver gang.

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Customs, DGFT & SEZ

Union Minister of Commerce and Industry Shri Piyush Goyal Announces 3-Year Fee Waiver for Sports-Related IP Registrations on World IP Day

April 29, 2026

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Shri Piyush Goyal Felicitates J&K Ranji Team for Breakthrough Victory Over Eight-Time Champions Karnataka

Shri Piyush Goyal Highlights GI-Tagged Kashmir Willow Bat as Symbol of India’s Craftsmanship and IP Strength, Urges Global Promotion

Shri Piyush Goyal Calls for Converting Ideas into IP Assets, Underscores Sports Growth

Shri Piyush Goyal Cites India–New Zealand FTA, Calls for ‘Innovate, Patent, Produce, Prosper’ to Leverage Global Opportunities

Shri Piyush Goyal Launches Viksit Bharat Digital Matrix 2026 Design Hackathon on Smart Wearables to Boost IP-Driven Innovation

Shri Piyush Goyal Advocates Sports Manufacturing Clusters, Boost to Domestic Production and CSR-Led Infrastructure Development

Union Minister of Commerce and Industry Shri Piyush Goyal today announced that all intellectual property (IP) registrations related to sports—including trademarks, copyrights, patents, designs, traditional knowledge, and geographical indications—will be exempt from fees for a period of three years, effective immediately. . The announcement was made while addressing the World Intellectual Property Day celebrations in New Delhi, themed “IP and Sports: Ready, Set, Innovate!”.

The waiver, announced as a special drive to promote innovation in the sports ecosystem, will apply across all categories of IP. The Minister also directed that a notification be issued with immediate effect and highlighted that, in addition to the fee exemption, the government will extend facilitation support under existing schemes to assist innovators, students, artisans, and stakeholders in filing and securing IP rights, thereby easing their journey into the IP ecosystem.

The valedictory session of the programme featured the felicitation of the Jammu and Kashmir Ranji Trophy team by Shri Piyush Goyal for their historic performance. The team was honoured for securing a landmark victory after 67 years, including a notable win against an eight-time champion team, Karnataka. The achievement was highlighted as a moment of pride, reflecting the growing sporting potential of Jammu and Kashmir and serving as an inspiration for young athletes across the region.

The Minister noted that the development comes in the backdrop of sustained efforts by the Government to promote sports and create new opportunities in Jammu and Kashmir. He highlighted that increasing investments in infrastructure, coupled with expanding avenues in tourism and industry, are enabling greater participation of youth in diverse fields, including sports. The victory was described as a signal of renewed confidence and opportunity, with young athletes from the region expected to excel at national and international levels in the years ahead.

The Minister underscored the importance of the Kashmir willow cricket bat, noting that it represents India’s craftsmanship and IP strength. He highlighted that it is among the first and possibly the only sports-related product from India to have received a Geographical Indication (GI) tag, and emphasized the need to promote its manufacturing within Jammu and Kashmir to enhance its global presence.

The Minister called for the development of sports manufacturing clusters in regions such as Jammu and Kashmir, along with Meerut, highlighting their potential to emerge as key hubs in the sports goods sector. He stressed the need to significantly boost domestic production of sports goods, including bats, balls, hockey equipment, training aids, and gym equipment, to strengthen indigenous manufacturing capabilities and support local value chains.

Focusing on Jammu and Kashmir, the Minister underlined the opportunity to leverage regional strengths to develop specialised manufacturing ecosystems, particularly in sports goods, which can enhance local livelihoods and position the region more prominently in national and global markets. He also encouraged innovation in sports formats and suggested that such innovations should be examined for appropriate intellectual property protection to ensure value creation and support the broader innovation-led growth of the sports sector

The Minister urged innovators, students, and stakeholders to convert every new idea into an IP asset at the earliest and seek registration to secure ownership and value. He also highlighted the availability of government support mechanisms to assist applicants in the IP registration process.

Highlighting the economic potential of sports, Shri Goyal noted the significant growth in valuation of franchise-based cricket teams over the past 18 years, reflecting the transformational journey of sports driven by innovation and commercialization.

Referring to recent developments, Shri Goyal mentioned the signing of the India–New Zealand Free Trade Agreement and noted that both countries are also celebrating 100 years of sporting ties.

Reiterating the Government’s vision, the Minister highlighted the guiding principle of “innovate, patent, produce and prosper,” encouraging stakeholders to develop ideas, secure IP rights, scale production, and access global markets. He noted that India’s expanding network of Free Trade Agreements is opening new opportunities for Indian innovators.

In a major step towards advancing innovation at the intersection of technology, design, and intellectual property, Shri Piyush Goyal also formally launched the Viksit Bharat Digital Matrix 2026 – Design Hackathon today. Organised by DPIIT in collaboration with IIT Delhi, the six-month immersive hackathon is centred on the theme of smart wearables, focusing on the development of next-generation solutions aimed at enhancing everyday living, performance, and holistic wellness.

The initiative underscores the growing convergence of advanced technology and user-centric design, encouraging participants to develop smart wearable prototypes that are both functionally sophisticated and aesthetically refined for everyday use. By promoting innovations that can be protected through patents and design rights, the hackathon reinforces India’s commitment to an IP-driven innovation ecosystem and enables young innovators to translate creative ideas into practical, real-world applications.

The Minister also highlighted India’s expanding sporting ambitions, including the inclusion of cricket in the Olympics and India’s bid to host the 2036 Olympic Games. He encouraged greater participation of youth, including from Jammu and Kashmir, in international sporting platforms.

Emphasizing that sports is both a tool for physical well-being and an important economic activity, the Minister highlighted the growing scale of sports viewership and its economic dimensions. He also noted the rapid adoption of new sports and formats in India.

Referring to the Sports Policy 2025, Shri Goyal highlighted efforts to strengthen sports infrastructure, promote sports at the school level, and ensure equal opportunities for youth across the country. He also cited past initiatives, including the establishment of a sports academy in Ranchi to nurture talent from tribal communities.

He urged greater utilisation of Corporate Social Responsibility (CSR) funds for sports development, including the creation of open gym facilities across the country and expansion of infrastructure to remote areas.

Cautioning sportspersons and influencers, Shri Goyal advised responsible endorsement practices, particularly in areas such as nutrition and supplements, to avoid misleading advertising.

The programme also incorporated interactive elements, including a sports IP quiz, a workshop on sports advertising and endorsements, and an interactive forum on the “Future of IP & Sports” with participation from international IP offices. The Sports Innovation Arena showcased advancements in sports technology, manufacturing, and esports.

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