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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.
April 17, 2026
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Aadhaar biometric updation camps to be held in Himachal schools for eligible children under UIDAI guidelines.
Mandatory biometric update camps are to be organised in government and private schools across Himachal Pradesh in a district-wise phased manner to facilitate Aadhaar biometric updation for children who have attained the age of five years or 15 years. The camps follow UIDAI guidelines requiring updated fingerprints, iris scan and photograph to maintain the validity and accuracy of Aadhaar, and guardians are advised to ensure timely completion of the process.
April 17, 2026
Show AI Summary
Illegal Aadhaar enrolment racket exposes biometric fraud, forged identities and misuse risks in digital authentication systems.
Illegal Aadhaar enrolment activity was detected in Hanumangarh district, where an unauthorised centre was allegedly operated using the login credentials of other operators to generate fake Aadhaar cards by manipulating biometric data. Dummy fingerprints, copied retina images and forged signatures on enrolment receipts were used to bypass authentication safeguards. Police seized equipment including a laptop, printer, iris scanner, fingerprint devices, GPS equipment, camera and a mobile phone, and registered a case under relevant provisions of the Bharatiya Nyaya Sanhita and the IT Act.
April 17, 2026
Show AI Summary
Foreign exchange reserves rise as higher currency assets and gold lift India's forex kitty above the USD 700-billion mark.
India's foreign exchange reserves increased to USD 700.946 billion during the week ended April 10, 2026, driven by higher foreign currency assets, gold reserves, Special Drawing Rights and the reserve position with the International Monetary Fund. The foreign currency assets rose to USD 555.983 billion, while gold reserves increased to USD 121.343 billion and Special Drawing Rights to USD 18.763 billion.
April 17, 2026
Show AI Summary
Coal import probe prompts Special Presidential Commission to review procurement procedures, state loss, and energy sector oversight.
Sri Lanka appointed a Special Presidential Commission of Inquiry to examine coal imports for power generation by Lanka Coal Ltd from the commencement of imports up to 16 April 2026, including whether the imports caused loss to the state and whether accepted procurement procedures were followed. The commission was constituted under the Special Presidential Commissions of Inquiry Act and its special provisions. The inquiry followed concerns raised over coal procurement and alleged irregularities in the state supply chain for thermal power generation.
April 17, 2026
Show AI Summary
Category II AIF launch targets pre-leased commercial real estate through a diversified income-oriented investment strategy.
SEBI-registered Category II AIF manager Alt Capital announced the launch of AltCap Yield Fund III, the third scheme under its alternative investment fund platform, in partnership with FundsIndia Private Wealth to raise a target corpus of Rs. 1,000 crore with an additional green shoe option. The scheme is targeted at institutional investors, HNIs, family offices, and select domestic and NRI investors, and is positioned as an income-oriented real estate vehicle focused on stable, pre-leased Grade A/A+ office and warehousing assets. The stated approach includes diversification, prudent leverage, and a portfolio-exit strategy.
April 17, 2026
Show AI Summary
Startup India recognition, funding support, and public procurement expand as startup numbers, jobs, and patent filings rise.
Government recognition of startups under the Startup India initiative reached a record level in FY 2025-26, with total recognised startups crossing 2.23 lakh and direct jobs exceeding 23.36 lakh. Support continues through the Fund of Funds for Startups, the Startup India Seed Fund Scheme, and the Credit Guarantee Scheme for Startups, including expanded guarantee cover, incubator funding, and continued disbursement mechanisms. Startup-led innovation has also grown through higher patent filings and wider participation in public procurement through the Government e-Marketplace.
April 17, 2026
Show AI Summary
Norms Committees reform under DGFT aims to streamline duty-free import approvals and improve trade facilitation for exporters.
Strengthening of Norms Committees under the Directorate General of Foreign Trade has been undertaken to improve the administration of the Advance Authorisation and Duty-Free Import Authorisation schemes under the Foreign Trade Policy. These schemes permit duty-free import of inputs physically incorporated in export products, with authorisations ordinarily issued against notified Standard Input Output Norms and, where such norms are unavailable, against self-declared input-output norms later examined and finalised by sector-specific committees. The reforms are directed at improving turnaround time, enabling earlier approvals, and making the norms fixation process more transparent and predictable.
April 17, 2026
Show AI Summary
Integrated Management System certification reinforces quality, safety, sustainability and facility management across a large office park portfolio.
Panchshil Realty's 12 office parks have obtained an Integrated Management System certification covering quality management, environmental management, occupational health and safety management, and facility management. The certified portfolio spans IT, SEZ and mixed-use office parks and extends to end-to-end Integrated Facility Management services, including engineering operations and maintenance, soft services, safety and security systems, civil upkeep, and digital FM enablement. The certifications are presented as internationally accredited and tied to standardised systems, stronger operational frameworks, and global ESG-aligned service delivery.
April 17, 2026
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India-US partnership gains momentum as diplomatic talks continue alongside bilateral trade agreement negotiations.
Indian Ambassador Vinay Mohan Kwatra discussed issues of mutual interest with Congressman Pete Sessions and appreciated his support for a stronger India-US partnership. The meeting formed part of ongoing diplomatic engagement as India and the US negotiated the finer elements of a bilateral trade agreement, following earlier finalisation of a framework for the first phase.
April 17, 2026
Show AI Summary
Interest recomputation under GSTR-3B allows correction of auto-calculated delayed-filing interest through the GST Portal.
GST Portal auto-calculates interest on delayed filing of GSTR-3B and auto-populates it in Table 5.1 of the subsequent return, with the breakup available in the system-generated GSTR-3B PDF. If the interest has been computed incorrectly without giving benefit of the minimum cash balance in the Electronic Cash Ledger under the proviso to Rule 88B(1) of the CGST Rules, 2017, taxpayers may use the "RE-COMPUTE INTEREST" option in Table 5.1. The revised interest then appears in the updated PDF and should be manually entered in Table 5.1, not below the recomputed amount.

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Customs & Trade

Avoid destination weddings abroad, opt for online school classes: PM continues austerity push

May 11, 2026

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Vadodara, May 11 (PTI) Prime Minister Narendra Modi on Monday doubled down on his austerity push and appealed to people to avoid destination weddings abroad and reduce consumption of edible oils amid the West Asia crisis, while suggesting holding temporary online classes for school students.

He reiterated his call for reduced fuel consumption, greater use of public transport and electric vehicles by citizens, and urged people to defer gold purchases in view of the crisis, which has caused large-scale global disruptions.

As a fragile ceasefire holds in West Asia, a region on which India relies heavily for crude oil and gas imports, Modi appealed to people to limit foreign travel and opt for work from home, a pandemic-era practice, wherever possible.

Addressing a gathering in Vadodara after inaugurating the Sardar Dham Hostel built by the Patidar community, the PM refrained from giving a direct reply to the Opposition criticism of his earlier remarks on embracing austerity and instead doubled down on his appeal for following such measures.

He acknowledged the adverse impact on India of the West Asian conflict, which started on February 28 with joint US and Israeli strikes on Iran, severely disrupting global supply chains and driving up global oil prices.

"First came the COVID-19 crisis, followed by global economic challenges, and now rising tensions in West Asia. The impact of all these circumstances is continuously being felt across the entire world, and India is certainly not immune to it," the Prime Minister said.

He termed the situation arising from the conflict in West Asia as one of the major crises of this decade.

"However, just as we were united in combating COVID-19, we will undoubtedly overcome this crisis as well," Modi told the gathering.

He noted digital technology has made many things easier and stressed the need to prioritise virtual meetings and work-from-home arrangements in both government and private offices.

"I would also urge certain schools to prioritise the arrangement of online classes for the time being," the PM said.

He said his government was making continuous efforts to ensure minimal impact of the crisis on common citizens, but stressed that the country needed the power of public participation.

"As citizens of India, we must prioritise our duties," he asserted, adding that whenever the country faced war or any major crisis in previous decades, citizens fulfilled their responsibilities upon the government's appeal.

"Today, too, there is a need for all of us to come together and fulfil our duties, thereby alleviating the burden placed on the nation's resources," he insisted.

He pointed out India spends "hundreds of thousands of crores of rupees" in foreign currency on imports and noted that prices of goods sourced from abroad were rising sharply while global supply chains had been disrupted.

"Through every small and big effort, we must reduce our consumption of imported products and refrain from personal activities that involve the expenditure of foreign currency," the PM maintained.

The Prime Minister appealed to people to avoid foreign vacations and destination weddings abroad, saying such activities involve significant expenditure of foreign currency.

"It is essential that we celebrate our vacations right here in India," he stated, adding that places like the Statue of Unity in Ekta Nagar in Gujarat could serve as a major tourism and destination wedding hub.

Referring to crude oil imports, Modi said a large part of the world sources oil from the same region (West Asia) that is currently embroiled in conflict.

"Therefore, until the situation returns to normalcy, we must all come together to undertake small, collective resolutions," he said, adding that he had raised the issue during his visits to Karnataka and Telangana on Sunday.

The Prime Minister appealed to citizens to reduce the use of petrol and diesel wherever possible and switch to Metro services, electric buses and public transport.

"Promote carpooling; those who own cars should carry multiple passengers in a single vehicle, and those who own electric two-wheelers should step forward to assist others," he said.

The Prime Minister called for reduced consumption of edible oils, saying the country spends significant foreign exchange on their imports.

"A substantial amount of the nation's wealth also flows abroad due to the import of gold. I urge all of you to defer the purchase of gold until conditions return to normal; there is no immediate necessity for it (gold buying)," he stressed.

Modi urged people to promote local products and advised cultivators to opt for natural farming to reduce reliance on fertilizers, another major imported commodities for India.

"The need of the hour is to transform 'vocal for local' into a mass movement and to embrace local products instead of foreign goods," he said.

Modi affirmed collective efforts by 140 crore Indians could become the country's greatest strength and asserted that no crisis should be allowed to impede its development journey.

Referring to recent assembly election results, the Prime Minister said the outcomes in West Bengal, Assam and Puducherry, where the BJP or its allies have emerged victorious, had created enthusiasm across the country.

He praised the BJP's impressive performance in the recent local body polls in his home state of Gujarat, saying the results were being discussed across the country.

"The people of Gujarat have always prioritised political stability," Modi stated, adding that economic growth accelerates wherever political stability prevails.

At the event, nine prominent Patidar organisations, including Sardar Dham and Umiya Dham, conferred the 'Sardar Gaurav Ratna' award on Modi for his contribution to the nation.

After the event, the PM held a 1.5-km-long roadshow in Vadodara. PTI PJT PD BNM RSY

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