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    APEDA Facilitates Commercial Export of Amrapali Mangoes from Jharkhand to Dubai
    ECLGS 5.0 Crosses 4.11 Lakh Guarantees with guaranteed amount reaching over ₹1.55 Lakh Crore
    HCLTech achieves ISO/IEC 42001:2023 Certification demonstrating leadership in Responsible AI
    Moongipa Capital Finance Unveils Its Next Growth Chapter with Digital Transformation and Entry into Electric Vehicle Financing
    IIFL Finance Says Co-Lending Can Accelerate India's Last-Mile Credit Delivery
    Union Minister of Commerce and Industry Shri Piyush Goyal calls upon leather and footwear industry to target at least USD 15 billion in exports in nex...
    Press Note on release of the Report of the Expert Committee on Energy Statistics
    IIM Udaipur Virtually Launches BBA Program
    IDFC FIRST Bank goes live on the Employees’ Provident Fund Organisation (EPFO) platform
    2 months after arrest, Nashik court grants bail to TCS staffer Nida; no relief for co-accused
    Landing, parking charges waiver at major airports for airlines unlikely to continue
    Forged GST bills, rural bank accounts aided India-Myanmar betel nut racket: ED
    Rupee falls 25 paise against US dollar
    Department of Commerce Organises Chintan Shivir on Opportunities for Seafood Sector under India-EFTA TEPA
    NSE targets to launch Rs 30,000-cr IPO in September
    Union Minister of Commerce and Industry Shri Piyush Goyal says technology-enabled bilingual management education can bridge the rural-urban divide and...
    Rupee falls 20 paise to close at 95.38 against US dollar
    Two held for running inter-state fake identity documents racket through website
    Gold slips Rs 150, silver drops Rs 5,000 as strong US dollar dents bullion demand
    Techstars and Emirates NBD partner to accelerate enterprise-grade AI and FinTech solutions across the MENAT region
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    July 7, 2026
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    Export market access boosts women-led horticulture in Jharkhand through APEDA-facilitated Amrapali mango shipments to Dubai.
    APEDA facilitated the commercial export of Amrapali mangoes from Jharkhand to Dubai through women-led Farmer Producer Companies, connecting tribal and rural producers with overseas retail markets. The export was supported by coordinated participation of APEDA, state and district administrations, exporters and development institutions, and was accompanied by capacity-building on international quality standards, post-harvest handling, export procedures and institutional awareness for export readiness.
    July 7, 2026
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    Risk-mitigation credit support under ECLGS 5.0 boosts liquidity for MSMEs and other businesses.
    Emergency Credit Line Guarantee Scheme 5.0 provides risk-mitigation support to lending institutions for extending additional credit to businesses affected by external geopolitical disruption. The scheme offers 100% guarantee coverage for additional loans to MSMEs and 90% coverage for other business segments, with the objective of improving liquidity, easing cash-flow disruption, and enabling member lending institutions to lend with greater confidence. A nationwide outreach programme is also underway to improve awareness and support implementation.
    July 7, 2026
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    Responsible AI governance gains momentum as HCLTech secures ISO/IEC 42001:2023 certification for enterprise AI management.
    HCLTech obtained ISO/IEC 42001:2023 certification for its Enterprise Artificial Intelligence Management System, covering AI lifecycle processes and AI-enabled services. The certification validates a Responsible AI framework focused on governance, risk management, transparency, fairness, accountability and continuous improvement, and is said to align with evolving global regulatory requirements, including the EU AI Act.
    July 7, 2026
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    Digital lending and electric vehicle financing drive Moongipa Capital Finance's strategic expansion and technology-led growth.
    Moongipa Capital Finance Ltd., an RBI-registered NBFC-ICC, has announced a strategic expansion centred on digital transformation and entry into electric vehicle financing. The company is strengthening its lending model through a technology-enabled ecosystem intended to support faster credit decisions, paperless onboarding, workflow automation, loan origination, servicing, and customer engagement, while stating that underwriting, pricing, compliance, and credit approval remain its own responsibility in line with RBI Digital Lending Guidelines.
    July 7, 2026
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    Co-lending and financial inclusion can expand affordable credit, improve last-mile delivery and support underserved borrowers.
    Co-lending between banks and NBFCs is presented as a mechanism for expanding affordable formal credit to underserved borrowers and advancing financial inclusion. The framework is said to combine banks' low-cost capital and balance-sheet strength with NBFCs' local market knowledge and last-mile distribution, improving access, speeding disbursement and reducing dependence on informal finance. The RBI's co-lending framework is described as providing clarity on governance, risk-sharing and customer protection.
    July 7, 2026
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    Leather and footwear exports urged to grow through FTAs, market diversification, stronger standards and sustainability.
    Leather and footwear exporters are urged to pursue three-fold growth and raise exports to at least USD 15 billion by using Free Trade Agreements, diversifying destination markets and strengthening quality, design, branding, sustainability and scale. The sector is also encouraged to deepen institutional and technical capabilities through leather development centres, design and packaging institutions, quality and standards bodies, and advanced testing laboratories, while improving worker training, product standards, safe manufacturing and sustainability.
    July 7, 2026
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    Energy statistics harmonization advances with new methodologies for coal, biofuels, captive electricity and electric vehicle data gaps.
    Strengthening India's energy statistics framework requires harmonized definitions, classifications, conversion factors and estimation methods across line ministries to improve consistency, comparability and international alignment. The committee recommended adoption of standard industrial and energy-product classifications, along with uniform conversion factors, for collection and dissemination of energy statistics, and proposed methodologies to refine sectoral end-use consumption estimates for coal and electricity using the Annual Survey of Industries database. The report further identified significant gaps in biofuel consumption data and in capturing electricity consumption through captive or off-grid modes and by electric vehicles. For these areas, it proposed initial methodological frameworks to be refined for incorporation into the energy-balance database.
    July 7, 2026
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    Bilingual online management education expands access while preserving academic rigour through structured learning and accountable evaluation.
    IIM Udaipur virtually inaugurated its BBA Program as a bilingual, online-enabled management education initiative designed to widen access while maintaining academic rigour. The program combines digital delivery with offline examinations, faculty-led structured learning, regular assessment and scholarship support, and was presented as a model for accessible yet high-quality management education.
    July 7, 2026
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    Provident fund payment integration streamlines digital statutory compliance through EPFO portal transactions and instant challan confirmation.
    IDFC FIRST Bank has been integrated with the Employees' Provident Fund Organisation platform to facilitate provident fund payments through its retail and corporate internet banking channels. The arrangement enables establishments to create challans on the EPFO portal, select the bank as payment option, complete transactions digitally, and obtain real-time confirmation and instant challan downloads for reconciliation and record-keeping.
    July 6, 2026
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    Bail in sexual harassment and forced conversion allegations turns on grave accusations, witness tampering risk, and coercion claims.
    Bail proceedings arose from allegations of sexual harassment, deceitful sexual relations, caste-based abuse, and attempts to coerce religious conversion against employees connected with a TCS unit in Nashik. One accused was granted bail, another was denied bail on the ground that the accusations were grave and that the possibility of tampering with evidence, intimidating witnesses, or fleeing from justice could not be ruled out; a reasoned order on the woman accused's bail was not available in the text, though she had sought bail on the ground of pregnancy.
    July 6, 2026
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    Landing and parking charges waiver for domestic flights at major airports is reported to have lapsed without extension.
    Landing and parking charges at major airports were reduced by 25 per cent for domestic flights for a three-month period under the civil aviation ministry's directive, implemented by AERA in response to West Asia turmoil and related airline financial stress. Airport operators have not received any extension order, and the reduced aeronautical tariff is reported to have lapsed.
    July 6, 2026
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    Forged GST invoices and hawala routing allegedly enabled a border smuggling and money-laundering network for areca nut trade.
    An alleged organised syndicate smuggled foreign-origin areca nut across the India-Myanmar border and channelled the proceeds through a laundering network using forged GST invoices, bogus supplier and buyer entities, false transport documents and hawala routes. The alleged operation involved suppliers in Mizoram, facilitators in Assam, consignees and financiers in West Bengal and Uttar Pradesh, and an invoicing entity in Kolkata said to have enabled circular trading. The investigation, conducted under the Prevention of Money Laundering Act, involved multi-state searches and the seizure or freezing of diaries, title deeds, property documents, cash and bank accounts.
    July 6, 2026
    Show AI Summary
    Rupee depreciation against the US dollar reflects dollar strength, rate-hike expectations, and foreign exchange reserve pressures.
    The rupee depreciated against the US dollar as the strengthening greenback weighed on emerging market currencies, despite firm domestic equities and softer crude oil prices. Market participants cited expectations of a further US rate hike, importer hedging demand, and dollar strength as key influences. The report also noted foreign institutional inflows into equities and observed that fresh inflows may support reserve rebuilding rather than allowing the rupee to appreciate sharply. India's foreign exchange reserves declined in the latest weekly update after a prior increase.
    July 6, 2026
    Show AI Summary
    India-EFTA TEPA expands seafood market access through tariff concessions, export facilitation, and new investment opportunities for exporters.
    India-EFTA TEPA is described as a trade and investment framework that expands market access for Indian seafood exporters through tariff concessions, export facilitation, regulatory alignment and investment collaboration. The agreement is said to support technology transfer, joint ventures and opportunities across the seafood value chain, while discussions focused on compliance requirements, quality standards and strategies for strengthening exports to EFTA markets.
    July 6, 2026
    Show AI Summary
    Offer for sale drives NSE's planned public issue, with major shareholders set to divest equity.
    The National Stock Exchange is targeting a large initial public offering in September through an offer for sale of 14.89 crore equity shares, with existing shareholders proposed to divest nearly 6 per cent of the exchange's equity. The issue is expected to value the exchange at over Rs 5 lakh crore, and the exchange is preparing for the public issue by beginning roadshows and appointing merchant bankers, legal advisers and other intermediaries. Major selling shareholders include several institutional investors and public sector entities, while Life Insurance Corporation of India is not participating in the share sale.
    July 6, 2026
    Show AI Summary
    Bilingual management education expands access through digital learning, hybrid teaching and practical industry exposure for students.
    Technology-enabled bilingual management education was presented as a means of widening access to quality education and reducing the rural-urban divide through an online bilingual BBA programme in Hindi and English. The programme was said to extend management education through digital platforms while maintaining accountability through offline examinations. Strengthening measures included regular physical interaction, soft-skill development, experiential learning through factory, port and industrial-cluster visits, and adoption of global best practices, including digital tools, credit transfers, joint programmes and research internships.
    July 6, 2026
    Show AI Summary
    Rupee depreciation against the US dollar reflects a stronger greenback, rate-hike expectations, and range-bound trading.
    The rupee depreciated against the US dollar amid a firmer greenback and broader pressure on emerging market currencies, closing at 95.38 after trading within a narrow intraday range. Market commentary attributed the movement to expectations of a further US rate hike, while domestic equity strength and lower crude prices provided some support. Foreign exchange conditions were also influenced by developments in India's external buffers, with forex reserves declining in the latest reporting week after a prior increase.
    July 6, 2026
    Show AI Summary
    Forged identity documents racket allegedly used websites, digital wallets, and fake QR codes to produce counterfeit government records online.
    An inter-state racket allegedly used websites to prepare and sell forged government identity documents after online payment, including Aadhaar cards, voter identity cards, PAN-related documents, residence certificates, caste certificates, birth and death certificates, and similar records. The portal allegedly let users recharge a digital wallet, enter fictitious details, and upload photographs to generate documents resembling genuine government-issued identity papers, with QR codes that were not linked to the official database.
    July 6, 2026
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    Bullion prices ease as a stronger dollar and Fed rate expectations weigh on gold and silver demand.
    Gold and silver prices declined in domestic and overseas markets as a firmer US dollar, weak bullion demand and broader global cues prompted traders to trim positions in precious metals. The outlook remained cautiously positive on easing inflation and weak US jobs data, but expectations of elevated interest rates were noted as a constraint on any sharp upside in bullion prices.
    July 6, 2026
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    AI and FinTech partnership accelerates enterprise banking solutions through a direct startup pathway into regional financial services.
    Strategic partnership between Emirates NBD and Techstars to accelerate enterprise-grade AI and FinTech solutions across the MENAT region through an Acceleration-to-Enterprise model. The collaboration integrates selected startups into the bank's regional ecosystem and uses its analytics and cloud-native infrastructure to support deployment in enterprise banking, with focus on compliance, wealth management, SME banking and capital markets.

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      Customs, DGFT & SEZ

      National Traders’ Welfare Board Holds 10th Meeting in Hybrid Mode, Strengthening Digital Governance and Stakeholder Participation

      June 24, 2026

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      NTWB Discusses Trade Facilitation Measures; DigiDukaan Set for Expansion Across Major Cities

      Board Focuses on Enhancing Export Competitiveness and Strengthening Stakeholder Engagement Mechanisms

      The 10th Meeting of the National Traders’ Welfare Board (NTWB) was held today in New Delhi, in hybrid mode. In line with the vision of the Government for technology-driven governance, optimum utilisation of public resources and minimisation of avoidable travel and expenditure, the meeting enabled participation of Members from across the country through both physical and virtual modes. The hybrid format ensured wider stakeholder participation and demonstrated the success of the Digital India initiative in strengthening governance through digital connectivity and citizen-centric innovation.

      The Board reviewed various trader welfare and trade facilitation initiatives being implemented across the country. Members were apprised of the recently launched Rajasthan Trade Promotion Policy, which includes provisions relating to trade credit support, insurance assistance and promotion of digital commerce. The need to strengthen awareness and outreach regarding Central and State Government schemes for traders was also emphasised.

      A detailed presentation was made on DigiDukaan, a digital commerce initiative aimed at enabling small retailers and kirana stores to participate effectively in the digital economy. The Board noted the successful launch of DigiDukaan in Jaipur on 19 June 2026 by Rajasthan Chief Minister Shri Bhajan Lal Sharma and appreciated the encouraging response received from traders. Plans for expansion to other major cities, including Mumbai and Bengaluru, followed by a nationwide rollout, were also discussed.

      The Board was informed about ongoing efforts to strengthen coordination among trade associations, chambers of commerce and trader organisations across the country and to ensure effective representation of traders’ concerns before policy-making authorities. The Chairperson informed Members that 92 nationwide weekly virtual conferences and stakeholder interactions have been conducted so far to facilitate regular engagement between traders and officials from various Ministries and Departments.

      During the deliberations, Members discussed a wide range of issues concerning traders, retailers, manufacturers, exporters and service providers. Key issues included GST rationalisation, simplification of compliance procedures, one-time settlement mechanisms for legacy business liabilities, export promotion measures, logistics and port infrastructure, plant quarantine and import facilitation, digital commerce adoption, ONDC integration, access to affordable credit, banking-related issues, merchant transaction charges, pension and social security measures for traders, and support for women entrepreneurs.

      The Board also deliberated on issues relating to food safety compliance, ease of obtaining licences and registrations, strengthening of State Traders’ Welfare Boards, concerns arising from quick commerce platforms, promotion of local trade ecosystems, simplification of appellate and dispute resolution mechanisms, facilitation of MSME and service exports, and improved Centre-State coordination for effective implementation of trader welfare initiatives.

      Special emphasis was laid on enhancing export participation by traders and MSMEs, increasing awareness regarding export opportunities, strengthening institutional support mechanisms and promoting India’s emergence as a globally competitive trading nation.

      The Board further discussed the need for thematic committees and focused working groups to examine sector-specific issues and provide structured recommendations for policy intervention. Members agreed that continued engagement with stakeholders across sectors and regions would strengthen the effectiveness of the Board’s initiatives and facilitate timely resolution of issues affecting the trading community.

      The meeting was chaired by Chairperson of NTWB Shri Sunil J. Singhi.

      At the outset, the Board adopted a Resolution congratulating  Prime Minister Shri Narendra Modi on becoming the longest-serving elected Prime Minister in India’s history. The Resolution acknowledged his continuous service of over twelve years as Head of Government and recognised his contribution towards good governance, inclusive development, economic reforms, national security and the vision of Viksit Bharat. The Board expressed confidence that under his leadership, India will continue its journey towards becoming a self-reliant, prosperous and developed nation.

      Addressing the meeting, Chairperson Shri Sunil J. Singhi highlighted the transformative reforms undertaken during the past decade, including GST reforms, digital governance initiatives, financial inclusion through the JAM (Jan Dhan-Aadhaar-Mobile) Trinity, Direct Benefit Transfer (DBT), Ease of Doing Business measures, and initiatives aimed at empowering small businesses, traders and entrepreneurs. He noted that these reforms have significantly strengthened India’s economic ecosystem and expanded opportunities for trade and enterprise.

      The meeting concluded with a reaffirmation of the Board’s commitment to creating an enabling environment for traders through policy advocacy, digital empowerment, Ease of Doing Business reforms, social security initiatives and stronger Centre-State coordination. The Board reiterated its resolve to work towards the welfare and empowerment of traders and their employees and to contribute actively to the vision of Viksit Bharat 2047.

      The meeting was attended by non-official Members representing trade associations and States/UTs from across the country, along with ex-officio Members from various Ministries and Departments of the Government of India.

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