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    DRI intensifies anti-narcotics drive in Kerala under Operation Chakravyuh; 24 kg narcotic contraband seized; 5 arrested
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    Don’t want Canadian businesses to miss out on FTA with India: Trade Minister Sidhu
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June 1, 2026
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Anti-narcotics operations under Operation Chakravyuh seize narcotic contraband and expose trafficking through baggage, courier consignments and export cargo.
Coordinated anti-narcotics operations by the Cochin Unit of the Directorate of Revenue Intelligence under Operation Chakravyuh led to the seizure of narcotic drugs and psychotropic substances, including methaqualone, methamphetamine and hashish oil, intended for illicit distribution and trafficking. The contraband was detected through passenger baggage at an airport, concealment in courier consignments and outbound export cargo. More than 24 kg was seized and five persons were apprehended under the Narcotic Drugs and Psychotropic Substances Act, 1985.
June 1, 2026
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Anti-narcotic enforcement targets illicit ganja transportation, with seizure and arrests under the NDPS Act.
Anti-narcotic enforcement action involved the seizure of 104.9 kg ganja in Bihar and the arrest of two persons for illicit transportation under the relevant provisions of the NDPS Act, 1985. The action formed part of a continuing drive by the Directorate of Revenue Intelligence to curb drug trafficking and dismantle narcotics supply networks across India.
June 1, 2026
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Free trade agreement negotiations with India gain momentum as Canada seeks new market access for exporters and sector opportunities.
Canada and India are continuing negotiations on a proposed free trade agreement/Comprehensive Economic Partnership Agreement amid renewed bilateral engagement after talks stalled in 2023. Canadian officials said the negotiations remained active and could conclude later in the year, while the discussions are aimed at keeping Canadian businesses competitive and opening new markets for Canadian exporters. The summit also highlighted agricultural trade issues, including Canadian pulse exports and existing Indian duties on yellow peas and lentils.
May 31, 2026
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Free trade agreement talks gain momentum as Canadian and Indian officials signal renewed optimism over a comprehensive partnership deal.
Canadian and Indian officials expressed optimism that negotiations on a proposed Comprehensive Economic Partnership Agreement would resume and advance after talks stalled in 2023, reflecting renewed bilateral engagement between the two countries. Public comments at a business summit indicated continuing discussions on a free trade agreement and confidence that a deal could be reached later in the year, alongside a broader push to expand bilateral trade.
May 31, 2026
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UK-India trade and global security talks drive Yvette Cooper's visit to China and India amid wider cooperation plans.
UK Foreign Secretary Yvette Cooper is due to visit China and India for talks on global challenges, bilateral cooperation and the UK-India Vision 2035. The discussions are expected to cover the Strait of Hormuz, Russia's invasion of Ukraine and the Ebola outbreak in Africa, while the India visit will include engagement with business, academia and government stakeholders linked to the free trade framework.
May 31, 2026
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Onion growers' revival package demand centers on export stability, price protection, storage support and direct farmer assistance.
Onion growers in Maharashtra have sought a comprehensive revival package and a stable long-term export policy to address losses attributed to repeated export bans, export duty, minimum export price restrictions, buffer stock releases at low domestic prices, and crop damage from adverse weather, disease, spurious seeds and storage losses. The association also wants direct transfer of assistance into farmers' bank accounts, subsidies for certified seeds and storage infrastructure, and support for processing industries and farmer-owned value-added units.
May 31, 2026
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Windfall gains tax on fuel exports reduced as export duties and cess are eased while domestic rates stay unchanged.
Windfall gains tax on export of petrol, diesel and aviation turbine fuel was reduced from 1 June, with the levy on petrol cut to Rs 1.5 per litre, diesel reduced to Rs 13.5 per litre and aviation turbine fuel reduced to Rs 9.5 per litre. Road and infrastructure cess on export of petrol and diesel was made nil, while domestic duty rates on petrol and diesel remained unchanged.
May 30, 2026
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Cooperative fund misappropriation alleged through fabricated entries and diversion of government deposits for personal use.
Cooperative funds management was alleged to have been manipulated through fabricated day-book entries and diversion of government deposits by a former secretary of a service co-operative society. The allegations concern misappropriation of funds entrusted during his tenure, where the account records were shown as balanced while the corresponding cash was not deposited into the cooperative bank. The funds were stated to have been meant for agricultural and cooperative development schemes and were allegedly diverted for personal use.
May 30, 2026
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Money laundering and organised crime charges framed against accused over alleged extortion, impersonation, and layered proceeds of crime.
Delhi court ordered framing of charges in a money-laundering prosecution against Jacqueline Fernandez, Sukesh Chandrashekhar and others, finding prima facie material for proceeding under Section 3 of the Prevention of Money Laundering Act, punishable under Section 4. The allegations concerned proceeds of crime generated through extortion, cheating, impersonation and criminal intimidation, and their concealment, layering and projection as untainted property. In the connected case, charges were also directed under MCOCA, the Information Technology Act and related penal offences for organised crime and personation of public servants.
May 30, 2026
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Limited trade arrangement shapes India-EAEU free trade talks as negotiations on product-group liberalisation gain momentum.
India and the Eurasian Economic Union are discussing a limited and temporary trade arrangement covering selected groups of goods as part of negotiations for a proposed free trade agreement. The arrangement is being considered as a product-group-based free trade zone rather than a full liberalisation package. The trade liberalisation process has gathered momentum, with Terms of Reference signed to launch negotiations and the first round of talks already held.
May 30, 2026
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Database activity monitoring strengthens regulated sectors with real-time visibility, privileged access control, and compliance-ready audit trails.
Database Activity Monitoring platform for regulated organisations is presented as a security and compliance tool designed to address the lack of continuous, forensic-grade visibility at the database layer. It monitors query-level activity, privileged access, insider threats, and SQL behaviour in real time, while generating immutable audit trails and supporting forensic session replay and behavioural analytics. The platform operates through a fully on-premises, air-gap architecture, keeps data within the customer's infrastructure, and is aligned with major regulatory and security frameworks through audit logging, retention, access monitoring, and incident reporting.
May 30, 2026
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On-screen marking irregularities draw allegations of tender manipulation, with calls for a CBI probe and ministerial accountability.
Congress leaders alleged serious irregularities in CBSE's introduction of the On-Screen Marking System for Class 12 exams and the award of the related contract. They questioned changes in tender conditions on bidder eligibility, turnover, capability standards, data-centre requirements, and blacklisting safeguards, saying these revisions may have favoured a particular vendor. They demanded accountability from the Education Minister and called for a full CBI probe and an independent judicial inquiry.
May 30, 2026
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Cautious resilience in India's macroeconomic outlook as external shocks, monsoon risk and inflation pressures demand policy agility.
India's near-term macroeconomic outlook reflects cautious resilience amid likely moderation in economic activity, a below-normal monsoon risk, and persistent external and inflationary pressures. Domestic fundamentals remain broadly intact, supported by expansionary PMI readings, stable labour markets and foreign exchange reserves, while global headwinds from the West Asia conflict, elevated energy prices and tighter financial conditions continue to weigh on the outlook. Policy will need to remain agile across monetary, fiscal and structural dimensions to safeguard growth and keep inflation anchored.
May 30, 2026
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Gold exchange and import duty shape India's high gold import demand as consumers seek transparent valuation and lower cost buys.
India's gold imports remain high because domestic supply cannot meet demand for jewellery, investment, and seasonal purchases. Gold continues to serve as a cultural asset and family savings instrument, so demand persists even when prices rise. Rising prices and import duty have encouraged more consumers to use gold exchange, with organised jewellers gaining trust by offering transparent weighing, purity testing, separate stone valuation, and clear exchange practices that reduce dependence on freshly imported gold.
May 30, 2026
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Budget smartphone comparison highlights 4G affordability, 5G performance upgrades, and flexible Easy EMI purchase options.
TECNO expanded its budget smartphone lineup in India with the launch of the TECNO Pop X and TECNO Pop X 5G, positioned for different user needs and price segments. The standard model is an affordable 4G phone for everyday use, while the 5G model offers a larger display, stronger processor, improved camera system, bigger battery, faster charging, and dual 5G connectivity. Both phones are available through Bajaj Finance partner stores and may be purchased on Easy EMIs with flexible repayment tenures.
May 30, 2026
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Industrial park development gains focus as BHAVYA consultation outlines testing infrastructure, funding structure, and implementation-ready project planning.
Strengthening implementation of the BHAVYA Scheme through stakeholder consultation focused on investment-ready industrial parks, quality infrastructure and testing facilities, including the role of National Test House and Bureau of Indian Standards in supporting product testing, certification, standards compliance and quality control orders. The consultation addressed the BHAVYA Scheme framework and implementation roadmap, including eligibility conditions, land requirements, SPV structures, funding provisions, monitoring arrangements and the framework for private developer-led industrial parks. Detailed guidance was also given on preparation and submission of Detailed Project Reports, project identification, land readiness, infrastructure planning, connectivity, utilities, institutional arrangements and documentation requirements.
May 30, 2026
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Corporate Social Responsibility through zero coupon zero principal instruments enables regulated funding for public welfare projects on social stock exchange.
Corporate Social Responsibility has been expanded to include subscription to zero coupon zero principal instruments on the Social Stock Exchange, with Schedule VII widened to cover this activity. The CSR Policy Rules, 2014 now define Not for Profit Organization and Zero Coupon Zero Principal Instrument and prescribe conditions for implementation through such instruments under Rule 4A. The framework assigns project execution and evaluation to the NPO, requires issuance in accordance with Securities and Exchange Board of India regulations, and caps company expenditure on such instruments at ten per cent of annual CSR spend.
May 30, 2026
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Financial innovation and digital payments gain cross-border boost through India-Vietnam cooperation on QR code merchant payments.
The Reserve Bank of India and the State Bank of Vietnam signed a Memorandum of Understanding to promote cooperation in financial innovation and digital payments, including information exchange, regulatory coordination, and payment system connectivity for cross-border QR code-based merchant payments. The framework contemplates joint programmes and projects, sharing of standards and best practices, and development of cross-border payment linkages subject to applicable laws and regulations.
May 30, 2026
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Public Sector Banks performance review highlights record profitability, stronger asset quality, digital lending, and unclaimed asset restitution efforts.
Public Sector Banks were reviewed for business growth, profitability, asset quality, financial inclusion, digital lending, cyber resilience and operational risk management, with emphasis on governance, resilience and customer service. The review noted record aggregate business and net profit, with gross and net non-performing assets at historic lows, reflecting balance-sheet strengthening and prudent risk management. The meeting also highlighted efforts to trace and restitute unclaimed financial assets, launched a revamped multilingual and accessible Department of Financial Services website, and reviewed digital lending, grievance redressal, cost discipline and preparedness against global uncertainties.
May 29, 2026
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GST return compliance triggers provisional assessment, tax demand and proposed registration cancellation for persistent filing defaults.
GST authorities initiated action for persistent non-filing and delayed filing of GST returns, leading to a provisional assessment of tax liability under the CGST and SGST framework. The department issued a tax demand based on repeated irregularities in return compliance and also proposed cancellation of GST registration through a show-cause notice. The matter concerns return-filing obligations, provisional assessment, tax demand, and registration-cancellation proceedings under GST law.

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Customs, DGFT & SEZ

National Workshop on Seafood Exports Focuses on Value Addition, Sustainability and Market Access

June 9, 2026

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Marine Products Exports Rise Nearly 70% in a Decade; India Eyes USD 30 Billion Seafood Exports: Union Minister of Commerce & Industry Shri Piyush Goyal

Workshop Explores PLI Framework, Cold Chain Infrastructure and Export Opportunities in Seafood Sector

The Department of Commerce, Ministry of Commerce & Industry, in collaboration with the Department of Fisheries and the Ministry of Food Processing Industries (MoFPI), organised a two-day National Workshop on Seafood Exports in Visakhapatnam on 5–6 June 2026. The workshop served as a platform for deliberations on enhancing India's seafood exports through value addition, sustainability, improved market access, innovation and infrastructure development.

The workshop was attended by Chief Minister of Andhra Pradesh Shri N. Chandrababu Naidu; Union Minister of Commerce & Industry Shri Piyush Goyal; Union Minister of Fisheries, Animal Husbandry & Dairying and Panchayati Raj Shri Rajiv Ranjan Singh; Union  Minister of Civil Aviation Shri Kinjarapu Rammohan Naidu; and Union Minister of Food Processing Industries Shri Chirag Paswan.

Addressing the inaugural session, Shri Piyush Goyal highlighted the Government’s whole-of-government approach towards promoting seafood exports and noted that India’s marine products exports have increased by nearly 70 per cent in value terms over the last decade. He stated that India currently accounts for around 4 per cent of global seafood trade and called upon stakeholders to work collectively towards achieving seafood exports of USD 30 billion within the next five years through value addition, branding, quality enhancement, sustainability and diversification of export markets.

The Minister emphasised the need to increase the share of value-added seafood products, including ready-to-eat and ready-to-cook offerings, and encouraged exporters to leverage market access opportunities arising from India's recently concluded Free Trade Agreements covering 38 countries. He reiterated the Government’s vision of establishing India as a globally trusted source of high-quality and sustainable seafood products.

Shri N. Chandrababu Naidu highlighted Andhra Pradesh’s leadership in fisheries and aquaculture and its significant contribution to India's seafood exports. He reaffirmed the State Government’s commitment to making Andhra Pradesh a global hub for sustainable aquaculture and seafood exports through innovation, infrastructure development, branding and stakeholder collaboration.

Shri Rajiv Ranjan Singh highlighted the remarkable growth of India's fisheries sector, with fish production increasing from 95.8 lakh tonnes in 2012-13 to nearly 198 lakh tonnes in 2024-25. He noted that despite global challenges, India's seafood exports reached approximately ₹73,890 crore (USD 8.46 billion), with frozen shrimp continuing to be the country's leading seafood export item. He highlighted the Government's efforts under PMMSY and PMKSSY 2.0 to strengthen export-oriented fisheries infrastructure, traceability, value addition and sustainable aquaculture.

Shri Kinjarapu Rammohan Naidu underscored the importance of efficient logistics and air cargo infrastructure in supporting high-value seafood exports. He highlighted ongoing efforts to strengthen cargo infrastructure, improve multimodal connectivity and streamline cargo movement to enhance India’s export competitiveness.

Shri Chirag Paswan emphasised the immense potential for value addition in the seafood sector and called for greater focus on processing, branding, technology adoption and market diversification. He stressed the need to move from “volume to value” and “produce to product” while strengthening India’s position as a trusted global supplier of food products.

Secretary, Department of Fisheries, Dr. Abhilaksh Likhi highlighted the importance of coordinated efforts among stakeholders to strengthen India's seafood export ecosystem. He underlined the role of infrastructure development, certification, innovation, value addition and market access in enhancing the sector’s global competitiveness.

The event brought together senior officials from the Central Government, States and Union Territories, representatives of key institutions including MPEDA, EIC, NFDB, NABARD, NCDC, NCEL and SFAC, as well as seafood exporters, processors, industry associations, startups, researchers, aquaculture farmers and other stakeholders from across the seafood value chain.

The event also witnessed the distribution of benefits to eligible beneficiaries under the Pradhan Mantri Matsya Kisan Samridhi Sah-Yojana (PMKSSY), Kisan Credit Card (KCC) and other Government schemes.

During the interactive session, stakeholders discussed key challenges across the fisheries value chain, including disease management, rising input costs, fishmeal availability, access to quality seed and broodstock, quarantine infrastructure, logistics, cold chain development, certification requirements, traceability and sustainability standards. Participants also highlighted the need to promote value addition, diversify export markets, support startups and MSMEs, and encourage sustainable fisheries practices.

The second day of the workshop featured a series of technical sessions on traceability systems, sustainable certification, value addition, export promotion, deep-sea fisheries, diversification of export opportunities and the potential for a Production Linked Incentive (PLI) framework for the seafood sector. Experts and stakeholders deliberated on strengthening compliance with international standards, enhancing processing and cold-chain infrastructure, promoting innovation, supporting startups and MSMEs, and improving market access for Indian seafood products.

Discussions also focused on harnessing the untapped potential of high-value deep-sea resources within India's Exclusive Economic Zone, particularly in the Andaman & Nicobar Islands and Lakshadweep, as well as emerging sectors such as seaweed, ornamental fisheries, cold-water fisheries and trout farming.

The workshop concluded with a shared commitment among stakeholders to strengthen sustainability, traceability, value addition, export infrastructure and market access while fostering innovation, entrepreneurship and diversification across the seafood sector. The recommendations emerging from the deliberations are expected to contribute to a comprehensive roadmap for enhancing India's global competitiveness in seafood exports and advancing the vision of Viksit Bharat 2047.

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