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    August 5, 2026
    Rupee gains 20 paise to close at 95.08 against US dollar post-RBI policy decision
    August 5, 2026
    TN Budget: Revenue deficit at Rs 55,775 crore, fiscal deficit estimated at Rs 1,21,819 crore
    August 5, 2026
    Tatkare slams ‘gungi gudiya’ jibe against Sunetra; Cong says row being exploited for political gains
    August 5, 2026
    RBI invites public comments on Draft Guidelines for ‘on tap’ Licensing of Urban Co-operative Banks
    August 5, 2026
    Pakistan-origin dry dates, routed through UAE, seized at Kandla port
    August 5, 2026
    RBI keeps rates unchanged, retains neutral stance; outlook uncertain on El Nino, geopolitical risks
    August 5, 2026
    Government Notifies Inventory-based Cross-border E-Commerce Export Framework under Foreign Trade Policy 2023
    August 5, 2026
    Customs official among 5 held for smuggling gold of Rs 1.44 crore at Indore airport
    August 5, 2026
    Lok Sabha passes Bankers' Books Evidence Bill to replace colonial-era law
    August 5, 2026
    Sensex gains 152 pts in volatile session as RBI keeps policy rates unchanged
    August 5, 2026
    DRI seizes 364 metric tonne (MT) banned Pakistan-origin dry dates imports worth Rs. 3 crore
    August 5, 2026
    Rupee gains 13 paise to close at 95.15 against US dollar post-RBI policy decision
    August 5, 2026
    ED raids premises linked to ex-Andhra MLA Malla Vijaya Prasad in chit fund scam
    August 5, 2026
    'Gungi gudiya' remark against Sunetra shows Cong's 'ideological bankruptcy': NCP leader Tatkare
    August 5, 2026
    RBI holds interest rates for fourth straight meeting, awaits clearer inflation outlook
    August 5, 2026
    Highlights of RBI's August monetary policy
    August 5, 2026
    RBI targeting polymer currency notes launch in early FY28: Guv Malhotra
    August 5, 2026
    Two women held at Delhi airport with 1 kg gold concealed as silver-coated armlet
    August 5, 2026
    Sensex trades higher, Nifty flat post RBI policy
    August 5, 2026
    India's services sector growth hits four-and-a-half-year low in July on weak demand: PMI
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    August 5, 2026
    Rupee gains 20 paise to close at 95.08 against US dollar post-RBI policy decision
    Show AI Summary
    Rupee appreciation followed unchanged monetary policy, lower crude prices, weaker dollar and expectations of orderly exchange-rate management.
    The rupee strengthened after the central bank maintained its policy rate and neutral monetary-policy stance. Lower crude oil prices, a weaker US dollar and declining US Treasury yields supported investor sentiment. Earlier measures to attract capital inflows remained part of the framework supporting the rupee, while the central bank stressed its endeavour to preserve an orderly currency trajectory. Future movement was linked to geopolitical de-escalation, global risk sentiment and US economic data.
    August 5, 2026
    TN Budget: Revenue deficit at Rs 55,775 crore, fiscal deficit estimated at Rs 1,21,819 crore
    Show AI Summary
    Fiscal consolidation through revenue mobilisation and leakage control aims to reduce deficits while expanding capital expenditure capacity.
    Tamil Nadu's Revised Budget Estimates for 2026-27 project a revenue deficit and fiscal deficit, with outstanding liabilities comprising public debt and public-account liabilities. Revenue mobilisation is proposed through improved tax administration, collection efficiency, closure of leakages, liquor-manufacturer privilege fees, and eligible Union grants. The strategy projects gradual deficit reduction to create room for capital expenditure, supported by expenditure reforms aimed at eliminating leakages, optimising expenditure, and improving service delivery.
    August 5, 2026
    Tatkare slams ‘gungi gudiya’ jibe against Sunetra; Cong says row being exploited for political gains
    Show AI Summary
    Political criticism of public office-holders raises debate over media accountability, personal remarks, and acceptable public discourse.
    Political criticism followed a social-media post describing Maharashtra Deputy Chief Minister Sunetra Pawar as "gungi gudiya" in connection with a press interaction on law-and-order issues in Beed district. Congress representatives stated that the post was not a personal insult, had been deleted after adverse reactions, and was followed by an expression of regret. NCP representatives termed the expression inappropriate and stressed that the principal dignitary should conduct media interactions. Shiv Sena (UBT) representatives described the phrase as not unparliamentary and linked it to criticism of a guardian minister's public responsibilities.
    August 5, 2026
    RBI invites public comments on Draft Guidelines for ‘on tap’ Licensing of Urban Co-operative Banks
    Show AI Summary
    On-tap licensing for Urban Co-operative Banks enters public consultation through draft guidelines inviting stakeholder feedback.
    Draft guidelines for 'on tap' licensing of Urban Co-operative Banks have been issued for public and stakeholder consultation. Comments and feedback may be submitted until September 05, 2026, through the designated online consultation facility or by written or email submission to the specified regulatory department.
    August 5, 2026
    Pakistan-origin dry dates, routed through UAE, seized at Kandla port
    Show AI Summary
    Prohibition on indirect Pakistan-origin imports targets alleged origin misdeclaration and UAE routing used to circumvent trade restrictions.
    Import prohibition on goods originating in Pakistan applies to direct and indirect imports under the Foreign Trade Policy, 2023. Pakistan-origin dry dates routed through the UAE were allegedly declared as UAE-origin goods for import, and were intercepted under the Customs Act, 1962. Investigation indicated that the goods were first sent from Pakistan to Dubai, re-containerised, and then exported to India. A separate interception involved Pakistan-origin guggul resin allegedly declared as Somali natural resin and routed through Dubai.
    August 5, 2026
    RBI keeps rates unchanged, retains neutral stance; outlook uncertain on El Nino, geopolitical risks
    Show AI Summary
    Neutral monetary policy stance keeps benchmark rates unchanged while inflation risks, liquidity management and consumer-protection reforms remain under review.
    Monetary policy maintains the benchmark policy rate unchanged and retains a neutral stance, with future decisions guided by incoming data. The central bank remains committed to aligning headline inflation with its medium-term target while monitoring food, fuel and other input-cost risks. Surplus liquidity will be managed through two-way operations, and the regulatory framework for interest rates on advances is proposed to be harmonised and standardised across regulated entities to improve transparency and consumer protection.
    August 5, 2026
    Government Notifies Inventory-based Cross-border E-Commerce Export Framework under Foreign Trade Policy 2023
    Show AI Summary
    Export-only e-commerce inventory framework enables seller exports through registered exporters while requiring traceability, timely payments and domestic-diversion controls.
    The export-only inventory framework permits eligible e-commerce entities to export through a registered Exporter-on-Record, which procures goods from Indian Sellers-on-Record against confirmed overseas orders and assumes export and destination-country compliance responsibilities. Inventory must be segregated, digitally traceable and cannot be diverted to domestic sale. The framework requires timely seller payments, visibility of overseas sales and shipment information, proportional pass-through of export rebates and refunds, annual compliance certification and digital records.
    August 5, 2026
    Customs official among 5 held for smuggling gold of Rs 1.44 crore at Indore airport
    Show AI Summary
    Gold smuggling enforcement targets concealed foreign-origin gold, airport control evasion, and illicit railway transport under customs law.
    Gold smuggling enforcement operations under the Customs Act, 1962 involved alleged concealment and unlawful movement of foreign-origin gold. At an international airport, an alleged syndicate used an airline employee to transfer gold received from arriving passengers outside Customs and immigration controls, with gold disguised as silver-coloured bracelets. A separate railway operation concerned gold concealed in a specially made cloth waist belt and intended for delivery to a jeweller. The actions addressed concealment, evasion of Customs controls, and illicit transport of foreign-origin gold.
    August 5, 2026
    Lok Sabha passes Bankers' Books Evidence Bill to replace colonial-era law
    Show AI Summary
    Digital bank-record evidence gains a technology-neutral framework through expanded admissibility, certified authentication, and regulated production of bankers' books.
    The Bankers' Books Evidence Bill, 2026, modernises the evidentiary treatment of banking records by extending "bankers' books" to physical, electronic, digital, virtual and cloud-based records. It recognises electronic bank records as admissible evidence, allows production in physical or electronic form, and provides for standardised certificates authenticated by manual, digital or electronic signatures. The Bill also defines "special cause" for compelling bank officers to produce records or testify where the bank is not a party, and permits extension to specified financial-sector entities subject to conditions.
    August 5, 2026
    Sensex gains 152 pts in volatile session as RBI keeps policy rates unchanged
    Show AI Summary
    Closing auction price discovery and unchanged policy rates shaped volatile equity trading amid inflation and geopolitical uncertainty.
    The Monetary Policy Committee retained the policy repo rate and neutral policy stance while seeking greater clarity on inflation risks from higher energy costs. Stock exchanges introduced the Closing Auction Session for eligible futures and options shares in the equity cash segment to determine closing prices through a more transparent and robust auction-based price-discovery mechanism. Equity markets showed volatile, limited gains amid geopolitical uncertainty, energy-price concerns, profit booking and the new mechanism's introduction.
    August 5, 2026
    DRI seizes 364 metric tonne (MT) banned Pakistan-origin dry dates imports worth Rs. 3 crore
    Show AI Summary
    Pakistan-origin import prohibition covers third-country routing, false origin declarations, forged documents, and trans-shipment arrangements used to evade restrictions.
    The prohibition on direct or indirect import or transit of goods originating in or exported from Pakistan extends to goods routed through third countries and falsely declared as having another origin. Misdeclaration of country of origin, false descriptions, forged documentation, and trans-shipment arrangements may contravene that prohibition and invite action under the Customs Act, 1962. Dry dates declared as UAE-origin and Guggul resin declared as Somalia-origin were investigated as goods of Pakistan origin routed through Dubai.
    August 5, 2026
    Rupee gains 13 paise to close at 95.15 against US dollar post-RBI policy decision
    Show AI Summary
    Foreign exchange stability measures support the rupee as policy continuity, capital inflows and global risk sentiment shape currency expectations.
    Foreign exchange market movement reflected a rupee appreciation against the US dollar following the monetary policy decision to retain the repo rate and neutral stance. Market sentiment was supported by softer crude oil prices, weakness in the US dollar, lower US Treasury yields and foreign equity inflows. The monetary policy framework sought to support capital inflows and maintain an orderly rupee trajectory, with geopolitical developments and US economic data remaining relevant to near-term exchange-rate expectations.
    August 5, 2026
    ED raids premises linked to ex-Andhra MLA Malla Vijaya Prasad in chit fund scam
    Show AI Summary
    Money-laundering investigation examines alleged proceeds from chit fund operations following searches linked to a former company managing director.
    A money-laundering investigation concerns alleged proceeds of crime arising from a multi-state chit fund operation associated with Welfare Building and Estates Pvt Ltd. The company is alleged to have collected investor deposits through investment schemes promising high returns before defaulting. Searches at premises linked to its former managing director form part of the inquiry into alleged laundering. The underlying alleged fraud had previously resulted in a CBI case and multiple police FIRs.
    August 5, 2026
    'Gungi gudiya' remark against Sunetra shows Cong's 'ideological bankruptcy': NCP leader Tatkare
    Show AI Summary
    Political restraint in public communications was urged, alongside adherence to principal-speaker protocol during press conferences and media interactions.
    Political restraint in public communications was urged after a social-media remark directed at Sunetra Pawar was criticised as ideologically irresponsible. It was stated that regret alone was insufficient and that leaders should exercise care in public comments. Press-conference protocol was also emphasised: the principal dignitary should respond to media questions, and those seated alongside should not participate in the interaction. Party colleagues were expected to act more responsibly in future media engagements.
    August 5, 2026
    RBI holds interest rates for fourth straight meeting, awaits clearer inflation outlook
    Show AI Summary
    Neutral monetary policy stance continues as inflation clarity is awaited, alongside cooperative banking and lending-rate transparency measures.
    Monetary policy maintained the benchmark policy repo rate and a neutral stance pending clearer evidence that energy-cost pressures will generate broad-based inflation. Inflation is expected to rise temporarily due principally to food and fuel prices before moderating, while core inflation remains benign. The approach remains data-dependent, supported by two-way liquidity operations. Proposed measures include resuming urban cooperative bank licensing, revising rural cooperative bank credit-monitoring directions, and harmonising interest-rate regulation on advances across regulated entities to improve transparency and consumer protection.
    August 5, 2026
    Highlights of RBI's August monetary policy
    Show AI Summary
    Repo rate stability preserves the policy stance amid lower inflation projections, stronger growth expectations and external-sector resilience.
    Monetary policy maintained the repo rate at 5.25 per cent following a unanimous policy committee decision. The growth forecast for FY27 was marginally increased, while the inflation projection was lowered. Inflation conditions remain uncertain because of monsoon, El Nino and geopolitical developments. Liquidity remained in surplus, and external-sector indicators reflected a current-account surplus, buoyant foreign direct investment inflows, renewed foreign portfolio investment inflows, and adequate foreign-exchange reserves.
    August 5, 2026
    RBI targeting polymer currency notes launch in early FY28: Guv Malhotra
    Show AI Summary
    Polymer currency notes target improved durability as monetary policy remains data-dependent and rupee management pursues an orderly trajectory.
    Polymer currency notes are targeted for circulation at the beginning of the next financial year, subject to implementation proceeding as planned. They are intended to improve durability, especially for lower-denomination notes with high circulation velocity. Monetary policy decisions will remain data-dependent and focused on aligning headline inflation with its medium-term target. Foreign Currency Non-Resident (Bank) scheme inflows are expected to remain healthy until closure, with no proposal for premature termination. Rupee management aims to maintain an orderly exchange-rate trajectory.
    August 5, 2026
    Two women held at Delhi airport with 1 kg gold concealed as silver-coated armlet
    Show AI Summary
    Customs anti-smuggling enforcement targets gold concealed as silver-coated armlets following passenger profiling and personal search at airport.
    Customs officers intercepted two passengers arriving from Istanbul after Advance Passenger Information System profiling and their activation of the Door Frame Metal Detector. A personal search recovered approximately one kilogram of gold, silver-coated and concealed as traditional armlets worn on the upper arms. The gold was seized under the Customs Act, a smuggling case was registered, and investigation was initiated into the source and any wider smuggling network.
    August 5, 2026
    Sensex trades higher, Nifty flat post RBI policy
    Show AI Summary
    Closing auction price discovery for eligible derivatives shares begins as monetary policy retains the repo rate and neutral stance.
    The Reserve Bank retained the repo rate with a neutral stance amid uncertainty over energy prices and supply disruptions. Stock exchanges introduced the Closing Auction Session in the equity cash segment for eligible shares with futures and options contracts. This auction-based mechanism determines closing prices of eligible stocks and aims to make price discovery more transparent and robust.
    August 5, 2026
    India's services sector growth hits four-and-a-half-year low in July on weak demand: PMI
    Show AI Summary
    Services-sector growth slowed as weaker demand, competition and postponed orders moderated business activity, while employment improved modestly.
    Services-sector growth slowed as domestic and export orders moderated amid weaker demand, competitive pressures, softer market conditions and postponed orders. Output continued to expand, but at its weakest pace in more than four years. Employment growth improved modestly, while input costs rose and firms increased selling prices. Business confidence remained positive but declined, and the composite output indicator weakened due principally to the sharp slowdown in services activity.

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      Home› news › Customs, DGFT & SEZ › 2026 › June, 2026 › This
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      Customs, DGFT & SEZ

      The cumulative exports (merchandise & services) during April-May 2026-27 is estimated at US$ 162.69 Billion, as compared to US$ 141.89 Billion in April-May 2025-26, an estimated growth of 14.66%

      June 15, 2026

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      The cumulative value of merchandise exports during April-May 2026-27 was US$ 88.91 Billion, as compared to US$ 76.59 Billion during April-May 2025-26, registering a positive growth of 16.09%

      The cumulative Non-Petroleum exports in April-May 2026-27 valued at US$ 70.74 Billion registered an increase of 10.49% as compared to US$ 64.03 Billion in April-May 2025-26

      Major drivers of merchandise exports growth in May 2026 include Petroleum Products, Engineering Goods, Organic & Inorganic Chemicals, Electronic Goods, and Gems & Jewellery

      Petroleum Products exports increased by 54.89% from US$ 5.44 Billion in May 2025 to US$ 8.42 Billion in May 2026

      Engineering Goods exports increased by 24.48% from US$ 9.89 Billion in May 2025 to US$ 12.31 Billion in May 2026

      Organic & Inorganic Chemicals exports increased by 12.71% from US$ 2.41 Billion in May 2025 to US$ 2.72 Billion in May 2026

      Electronic Goods exports increased by 11.62% from US$ 4.57 Billion in May 2025 to US$ 5.10 Billion in May 2026

      Gems & Jewellery exports increased by 6.66% from US$ 2.38 Billion in May 2025 to US$ 2.53 Billion in May 2026

      India’s total exports (Merchandise and Services combined) for May 2026* is estimated at US$ 81.96 Billion, registering a positive growth of 15.83 percent vis-à-vis May 2025. Total imports (Merchandise and Services combined) for May 2026* is estimated at US$ 92.47 Billion, registering a positive growth of 19.23 percent vis-à-vis May 2025.

      Table 1: Trade during May 2026*

       

       

      May 2026

      (US$ Billion)

      May 2025

      (US$ Billion)

      Merchandise

      Exports

      45.20

      38.30

      Imports

      73.41

      60.86

      Services*

      Exports

      36.76

      32.46

      Imports

      19.06

      16.70

      Total Trade

      (Merchandise +Services) *

      Exports

      81.96

      70.76

      Imports

      92.47

      77.55

      Trade Balance

      -10.51

      -6.79

      * Note: The latest data for services sector released by RBI is for April 2026. The data for May 2026 is an estimation. (ii) Data for April-May 2025-26 and April-December 2025 has been revised on pro-rata basis using quarterly balance of payments data.

      Fig 1: Total Trade during May 2026*

      India’s total exports during April-May 2026-27* is estimated at US$ 162.69 Billion registering a positive growth of 14.66 percent. Total imports during April-May 2026-27* is estimated at US$ 182.83 Billion registering a growth of 14.38 percent.

      Table 2: Trade during April-May 2026-27*

       

       

      April-May 2026-27

      (US$ Billion)

      April-May 2025-26

      (US$ Billion)

      Merchandise

      Exports

      88.91

      76.59

      Imports

      145.35

      126.24

      Services*

      Exports

      73.79

      65.30

      Imports

      37.48

      33.61

      Total Trade

      (Merchandise +Services) *

      Exports

      162.69

      141.89

      Imports

      182.83

      159.85

      Trade Balance

      -20.13

      -17.96

       

      Fig 2: Total Trade during April-May 2026-27* 

              

      MERCHANDISE TRADE

      • Merchandise exports during May 2026 were US$ 45.20 Billion as compared to US$ 38.30 Billion in May 2025.

      • Merchandise imports during May 2026 were US$ 73.41 Billion as compared to US$ 60.86 Billion in May 2025.

      Fig 3: Merchandise Trade during May 2026

      • Merchandise exports during April-May 2026-27 were US$ 88.91 Billion as compared to US$ 76.59 Billion during April-May 2025-26.

      • Merchandise imports during April-May 2026-27 were US$ 145.35 Billion as compared to US$ 126.24 Billion during April-May 2025-26.

      • Merchandise trade deficit during April-May 2026-27 was US$ 56.44 Billion as compared to US$ 49.65 Billion during April-May 2025-26.

      Fig 4: Merchandise Trade during April-May 2026-27

      • Non-petroleum and non-gems & jewellery exports in May 2026 were US$ 34.24 Billion compared to US$ 30.49 Billion in May 2025.

      • Non-petroleum, non-gems & jewellery (gold, silver & precious metals) imports in May 2026 were US$ 46.09 Billion compared to US$ 41.44 Billion in May 2025.

      Table 3: Trade excluding Petroleum and Gems & Jewellery during May 2026

       

      May 2026

      (US$ Billion)

      May 2025 (US$ Billion)

      Non- petroleum exports

      36.78

      32.87

      Non- petroleum imports

      50.73

      46.11

      Non-petroleum & Non-Gems & Jewellery exports

      34.24

      30.49

      Non-petroleum & Non-Gems & Jewellery imports

      46.09

      41.44

      Note: Gems & Jewellery Imports include Gold, Silver & Pearls, precious & Semi-precious stones

      Fig 5: Trade excluding Petroleum and Gems & Jewellery during May 2026

       

      • Non-petroleum and non-gems & jewellery exports in April-May 2026-27 were US$ 65.89 Billion, compared to US$ 59.15 Billion in April-May 2025-26.

      • Non-petroleum, non-gems & jewellery (gold, silver & precious metals) imports in April-May 2026-27 were US$ 91.97 Billion, compared to US$ 81.19 Billion in April-May 2025-26.

      Table 4: Trade excluding Petroleum and Gems & Jewellery during April-May 2026-27

       

      April-May 2026-27

      (US$ Billion)

      April-May 2025-26

      (US$ Billion)

      Non- petroleum exports

      70.74

      64.03

      Non- petroleum imports

      104.05

      90.79

      Non-petroleum & Non Gems & Jewellery exports

      65.89

      59.15

      Non-petroleum & Non Gems & Jewellery imports

      91.97

      81.19

      Note: Gems & Jewellery Imports include Gold, Silver & Pearls, precious & Semi-precious stones

      Fig 6: Trade excluding Petroleum and Gems & Jewellery during April-May 2026-27

      SERVICES TRADE

      • The estimated value of services export for May 2026* is US$ 36.76 Billion as compared to US$ 32.46 Billion in May 2025.

      • The estimated value of services imports for May 2026* is US$ 19.06 Billion as compared to US$ 16.70 Billion in May 2025.

      Fig 7: Services Trade during May 2026*

       

      • The estimated value of service exports during April-May 2026-27* is US$ 73.79 Billion as compared to US$ 65.30 Billion in April-May 2025-26.

      • The estimated value of service imports during April-May 2026-27* is US$ 37.48 Billion as compared to US$ 33.61 Billion in April-May 2025-26.

      • The services trade surplus for April-May 2026-27* is US$ 36.31 Billion as compared to US$ 31.69 Billion in April-May 2025-26.

      Fig 8: Services Trade during April-May 2026-27*

      • Exports of  Other Cereals  (262.73%), Petroleum Products (54.89%), Meat, Dairy & Poultry Products (42.51%), Oil Meals (24.61%), Engineering Goods (24.48%), Handicrafts Excl. Hand Made Carpet (23.85%), Plastic & Linoleum (21.82%), Iron Ore (14.76%), Organic & Inorganic Chemicals (12.71%), Electronic Goods (11.62%), Gems & Jewellery (6.66%), Drugs & Pharmaceuticals (6.13%), Rice (5.38%), Cereal Preparations & Miscellaneous Processed Items (4.4%), Coffee (4.37%), and Cotton Yarn/Fabs./Made-Ups, Handloom Products Etc. (1.89%) record positive growth during May 2026 over the corresponding month of last year.

      • Imports of Silver (-86.65%), Project Goods (-64.05%), Chemical Material & Products (-63.58%), Pearls, Precious & Semi-Precious Stones (-26.5%), Iron & Steel (-12.47%), Pulp And Waste Paper (-9.93%), Machine Tools (-8.14%), Newsprint (-6.69%), Textile Yarn Fabric, Made-Up Articles (-3.68%), and Wood &  Wood Products (-3.65%) record negative growth during May 2026 over the corresponding month of last year.

      • Services exports is estimated to grow by 12.99 percent during April-May 2026-27* over April-May 2025-26.

      • Top 5 export destinations, in terms of change in value, exhibiting positive growth in May 2026 vis a vis May 2025 are Singapore (68.96%), South Africa (116.21%), Tanzania Rep (196.89%), Italy (87.54%), and Sri Lanka Dsr (150.29%).

      • Top 5 export destinations, in terms of change in value, exhibiting positive growth in April-May 2026-27 vis a vis April-May 2025-26 are Singapore (123.75%), Tanzania Rep (172.22%), Sri Lanka Dsr (183.32%), South Africa (62.24%), and China P Rp (25.85%).

      • Top 5 import sources, in terms of change in value, exhibiting growth in May 2026 vis a vis May 2025 are Russia (63.46%), China P Rp (23.4%), U S A (54.43%), Oman (305.66%), and Brazil (358.83%).

      • Top 5 import sources, in terms of change in value, exhibiting growth in April-May 2026-27 vis a vis April-May 2025-26 are Russia (40.02%), China P Rp (22.15%), Oman (277.63%), U S A (19.4%), and Brazil (180.35%).

      *Link for Quick Estimates

      *Exim Summary Export

      *Exim Summary Import

      *Exim Summary Country wise-Export

      *Exim Summary Country wise-Import

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