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    Rupee falls 39 paise to 95.77 against US dollar in early trade
    Union Minister of Commerce & Industry Shri Piyush Goyal to Lead High-Level Business Delegation to Spain, Belgium and Finland from 13–17 July 2026
    Dr S C Deb Homeo targets Rs 100 crore revenue by FY'31
    India-UK FTA to benefit exporters, MSMEs, professionals from July 15: Goyal
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    OFCD case: SC to hear SEBI's plea against SAT relief to SICCL managers on Monday
    India's Russian crude imports hit record in Jun even as Moscow's oil revenues slip
    Cluster Industrial Locations and Benefits of Private Aviation
    Ex-WB minister Sujit Bose funnelled municipality 'scam' funds into his restaurant, bar, flats: ED
    Sonalika Marks 30-Year Milestone with 20 Lakh Tractor Production at Hoshiarpur Manufacturing Plant
    Assam Budget: Planters, traders say subsidy, incentive proposals to boost tea sector
    Man held in Rs 1.6 crore loan fraud racket; 50 victims targeted: Delhi Police
    Department of Commerce Organises Chintan Shivir on Strengthening India's Electronics Manufacturing and Export Competitiveness
    FIU-IND case regarding large-scale cyber fraud recognised as runner-up at Best Egmont Case Award (BECA) 2026 during the Egmont Group Plenary in Baku, ...
    Ladakh set to export 1,000 MT of apricots to Dubai; first shipment to be dispatched next week
    Ethanol programme saved Rs 1.90 lakh cr in forex since 2014-15, says govt amid row over E20 fuel
    Rupee gains 9 paise to settle at 95.38 against US dollar
    As Monsoon Session ends, Oppn slams Maharashtra govt over GDP spending, 'missing link' bridge issues
    India's forex kitty jumps USD 7.26 bn to USD 674.19 bn
    Department of Commerce Reviews Andhra Pradesh FCV Tobacco Marketing Season 2025–26
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    July 13, 2026
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    Rupee weakness tracks higher crude oil prices as geopolitical tensions, dollar strength and weak equities pressure sentiment.
    The rupee weakened in early trade against the US dollar amid higher crude oil prices and renewed geopolitical tensions affecting global oil supplies. Dealers linked the fall to a sharp rise in Brent crude and a stronger dollar index, while domestic equities also opened lower. The report further notes net foreign institutional buying in equities and a rise in the country's forex reserves during the latest reporting week.
    July 13, 2026
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    Trade and technology cooperation drives India's business delegation visit to Spain, Belgium and Finland.
    India's Commerce and Industry Minister will lead a high-level business delegation to Spain, Belgium and Finland to advance trade, investment, technology, innovation and sustainability. The visit includes bilateral meetings, business roundtables and site visits focused on bilateral trade, the proposed India-European Union Free Trade Agreement, foreign direct investment opportunities, trade facilitation, sustainable technologies, resilient supply chains and industrial collaboration.
    July 12, 2026
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    Homoeopathic medicine expansion drives growth through capacity upgrade, export growth, new markets, and an ophthalmic division.
    Homoeopathic medicine manufacturer Dr S C Deb Homeo Research Laboratory plans major capacity expansion, an ophthalmic division, stronger domestic presence and wider exports to support revenue growth. The company also intends to promote homoeopathy through research, public awareness, affordable medicines, and a proposed homoeopathic medical college and hospital.
    July 12, 2026
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    Duty-free market access and social security exemption under the India-UK trade pact benefit exporters and professionals.
    India-UK free trade agreement to allow all Indian exports to enter the British market duty-free from July 15, benefiting exporters, farmers, fishermen, MSMEs and domestic industries. The pact also covers merchandise, goods and services, and is stated to strengthen trade and economic ties between India and the UK. It further includes a Double Contribution Convention exempting Indian professionals working in the UK for up to five years from British social security contributions, with savings directed to provident fund accounts in India.
    July 12, 2026
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    Regulatory oversight of airfares and securities relief in the Sahara OFCD matter set for Supreme Court hearing.
    The Supreme Court is scheduled to hear a challenge by SEBI against a Securities Appellate Tribunal order granting relief to managers and the company secretary of Sahara India Commercial Corporation Ltd. in the OFCD matter. It is also scheduled to hear a plea seeking regulatory guidelines to curb unpredictable fluctuations in airfares and ancillary charges imposed by private airlines.
    July 12, 2026
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    SEBI jurisdiction over OFCD public offer remains central as the Supreme Court hears Sahara-linked challenge.
    SEBI has challenged before the Supreme Court the part of the Securities Appellate Tribunal order granting relief to managers and the company secretary of Sahara India Commercial Corporation Ltd. The tribunal had held that the OFCDs issued by SICCL constituted a public offer within SEBI's jurisdiction, dismissed the company's and directors' appeals, and separately allowed the appeal of the officials on the ground that employees could not be held liable for the company's acts.
    July 12, 2026
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    Russian crude imports and refined-fuel trade shape India's role in global oil flows amid sanctions and exemptions.
    India's imports of Russian crude oil rose to a record level in June, driven by higher deliveries to major Indian refineries, while Russia's crude export revenues declined because of weaker prices. The report also noted that India remained a significant channel in global trade flows of refined products made from Russian crude, including exports from Indian refineries to sanctioning jurisdictions, and that shipments refined from Russian crude continued to reach EU and UK ports under the reported trade conditions.
    July 11, 2026
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    Private aviation eases industrial cluster connectivity with direct access, flexible schedules, and secure business travel.
    Private aviation is presented as a connectivity solution for India's industrial clusters and economic corridors, where many high-productivity zones lack regular commercial air access. The article highlights the operational difficulty caused by dependence on distant metro airports, inflexible airline schedules, multi-stage travel, and the absence of practical same-day return connectivity. Business aviation is described as enabling direct travel to nearby airstrips and remote airports serving industrial zones, with advantages said to include faster movement, time efficiency, schedule flexibility, and secure and confidential cabin space for sensitive discussions.
    July 11, 2026
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    Money laundering through recruitment scam proceeds allegedly funded hospitality businesses, flats and illegal municipal appointments.
    Alleged proceeds of crime from a municipality recruitment scam were channelled into hospitality businesses and property acquisitions through cash sales, capital contributions, unsecured loans and shell-company borrowings. The Enforcement Directorate also alleged manipulation of municipal recruitment, illegal appointments in exchange for pecuniary gain, and abuse of position to regularise appointments without mandatory documents under applicable government guidelines, forming the second prosecution complaint under the Prevention of Money Laundering Act.
    July 11, 2026
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    Farmer-centric tractor manufacturing milestone as Sonalika highlights in-house production, automation, and global export growth.
    Sonalika Tractors marked a production milestone by rolling out its 20 lakhth tractor from its integrated manufacturing plant at Hoshiarpur, while highlighting its 30-year growth from its first tractor in 1996 to a global export business serving more than 150 countries. The company attributed its expansion to farmer-centric product development, Indian engineering, in-house manufacturing capability, automation, robotics, and extensive testing standards aimed at performance, durability, and reliability.
    July 11, 2026
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    Tea sector support measures in Assam Budget aim to boost exports, cut costs, and strengthen worker welfare.
    Assam Budget 2026-27 proposes tea sector support measures including export and production subsidies, tax relief for small tea growers, restoration of tax for larger assessees, lower VAT on piped natural gas, and welfare-linked spending for tea garden communities. The budget also strengthens incentives, healthcare, tea tourism and social infrastructure in tea garden areas.
    July 11, 2026
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    Identity theft in loan fraud rackets highlights misuse of Aadhaar, PAN and mule accounts to obtain fraudulent credit.
    Cyber fraud syndicate allegedly obtained personal loans by misusing Aadhaar and PAN details, including by changing Aadhaar-linked mobile numbers without the victims' knowledge. Police investigation indicates the use of mule accounts to route fraud proceeds and shows misuse of documents of around 50 victims to obtain loans from private non-banking financial companies.
    July 11, 2026
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    Electronics export competitiveness gains focus as policy dialogue highlights stable frameworks, global value chains and export facilitation priorities.
    Policy dialogue on strengthening India's electronics manufacturing and export competitiveness centred on the need for a stable and predictable framework to support export-oriented production, particularly in the context of global value chains. The consultation brought together government, industry and export promotion stakeholders to discuss balanced and actionable policy recommendations aimed at reinforcing India's position as a globally competitive electronics manufacturing and export hub. Key priority areas included greater integration of MSMEs into global value chains, harmonisation of HS Codes, closer coordination with Customs to reduce product misclassification and facilitate smoother exports.
    July 11, 2026
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    Cyber fraud intelligence exposes cross-border money laundering through mule accounts and cryptocurrency, prompting coordinated anti-money laundering enforcement action
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    Fresh apricot export logistics drive in Ladakh prioritises cold chain management, quality certification and timely farmer payments.
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    July 10, 2026
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    Ethanol-blended petrol programme drives forex savings, farm income support and cleaner fuel policy through expanded blending and feedstock use.
    The ethanol-blended petrol programme has expanded ethanol use, supported the sugar economy and improved payments to farmers. It is said to have saved foreign exchange by substituting crude oil imports, reduced carbon emissions, and created new demand for surplus crops. Maize has emerged as a major feedstock, and flex-fuel vehicles and a wider fuel road map are described as part of the policy direction.
    July 10, 2026
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    Rupee gains on weaker dollar, softer crude and strong equity sentiment amid expectations of RBI support.
    The rupee appreciated against the US dollar in interbank trade, supported by a weaker dollar index, easing crude oil prices, improved risk appetite in global markets and positive domestic equity sentiment. Market participants also noted that continued foreign portfolio inflows and buying by oil companies and importers influenced intraday movement, while traders expected the currency to trade within a defined near-term range.
    July 10, 2026
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    Poor fiscal management and legislative neglect draw opposition criticism over Maharashtra's budget, infrastructure, education, and power-sector concerns.
    Opposition parties criticised the Maharashtra government for poor fiscal management, limited legislative discussion, and reliance on supplementary demands that they said exposed flaws in the original budget. They also alleged governance failures in infrastructure, education, temple administration, examinations, and the power sector, including issues linked to the Mumbai-Pune Expressway's Missing Link project, unpaid contractor dues, and schools lacking basic facilities.
    July 10, 2026
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    Foreign exchange reserves rise as higher currency assets, gold holdings and IMF-related balances lift India's reserve position.
    India's foreign exchange reserves increased during the week ended 3 July 2026, according to the Reserve Bank of India, with higher foreign currency assets and gains in gold reserves contributing to the rise. Special drawing rights and the reserve position with the IMF also increased. The report notes that foreign currency assets are affected by valuation changes in non-US currencies, and refers to earlier reserve volatility linked to pressure on the rupee and RBI intervention through dollar sales.
    July 10, 2026
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    FCV tobacco marketing support reviewed with focus on procurement, exports, digital reforms and grower welfare.
    Measures for the Andhra Pradesh Flue Cured Virginia (FCV) tobacco marketing season 2025-26 were reviewed in consultation with growers, manufacturers, exporters, dealers, trade associations and the Tobacco Board. The discussions focused on accelerating procurement, facilitating exports and strengthening the marketing ecosystem for FCV tobacco, while protecting growers' interests. The review also covered restructuring of the Tobacco Board, enhancement of the Growers' Welfare Fund, simplification of registration procedures, digital initiatives, AI-based grading, export market expansion and crop diversification.

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      Customs, DGFT & SEZ

      Union Minister of Commerce and Industry Shri Piyush Goyal Asks States to Fully Utilise BHAVYA Scheme and Accord Highest Priority to Exports at Board of Trade Meeting

      July 4, 2026

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      Shri Piyush Goyal Outlines Seven-Point Action Agenda for States and Industry to Accelerate India's Export Growth

      90-Day Export Drive to Cover 120 Priority Districts Across 27 States and UTs Under Districts as Export Hubs Initiative

      Shri Piyush Goyal Says ₹25,000 Crore Export Promotion Mission Will Drive MSME-Led Export Growth

      Shri Piyush Goyal Sets USD 1 Trillion Export Target for India, Calls for Coordinated Centre-State Effort

      Union Minister of Commerce and Industry Shri Piyush Goyal today urged State Governments to fully utilise the BHAVYA Industrial Parks Scheme and accord the highest priority to exports, calling for a coordinated national effort to strengthen India's export competitiveness. Addressing the one-day Board of Trade (BoT) meeting today in New Delhi, the Minister outlined a seven-point action agenda for States, Export Promotion Councils (EPCs), industry associations and exporters to accelerate India's export growth.

      The Board of Trade, the apex consultative platform of the Department of Commerce, met under the chairmanship of Shri Piyush Goyal. Minister of State for Commerce and Industry Shri Jitin Prasada, newly inducted members of the Board of Trade, Ministers and representatives from States and Union Territories, Export Promotion Councils, apex industry chambers and non-official members participated in the meeting.

      Addressing the gathering, the Minister, as the first point of agenda called upon all stakeholders to make exports a high-priority agenda item. He urged States, line ministries, EPCs and industry associations to establish export committees, hold regular engagements with exporters and conduct monthly review meetings, including through video conferencing where necessary.

      As the second point of the action agenda, Shri Goyal urged States to actively participate in the BHAVYA Industrial Parks Scheme, for which the first round is currently open. He also called upon States that have not yet notified labour rules under the labour codes to do so at the earliest, describing land and labour as two critical business enablers requiring urgent attention.

      The Minister's third action point focused on strengthening quality infrastructure. He assured States and industry that the Government would provide full support for establishing testing facilities in government, semi-government and university laboratories, which would significantly reduce testing costs and improve the competitiveness of Indian products.

      As the fourth point, Shri Goyal highlighted the support available under the Export Promotion Mission (EPM) for exporters, particularly micro and small enterprises. He said the Mission would finance a substantial portion of the expenditure incurred in obtaining international approvals and certifications, including those related to pharmaceuticals, agricultural products, SPS and TBT requirements, testing costs and compliance with regulations in developed markets. He also urged States to align their incentive structures and industrial policies with Central Government initiatives to create economies of scale and promote high-quality, high-productivity manufacturing units.

      Under the fifth action point, the Minister encouraged industries affected by unfair trade practices to approach the Directorate General of Trade Remedies (DGTR). He stated that DGTR would support domestic industries facing injury due to dumping or predatory pricing by foreign producers and could provide remedies through anti-dumping measures, safeguard duties and other available trade remedy instruments. He also highlighted DGTR's outreach mechanisms, including Jan Sunwai, for addressing industry concerns.

      The sixth action point focused on import substitution. Shri Goyal urged States and industry to identify products that are currently being imported but can be manufactured competitively in India. He said such efforts would not only reduce import dependence and save foreign exchange but also strengthen domestic supply chains and reduce vulnerabilities arising from excessive dependence on foreign suppliers.

      As the seventh action point, the Minister urged States and industry associations to actively participate in international exhibitions, trade fairs and business delegations. He called upon States to prepare lists of associations and exporters interested in exploring overseas markets, particularly new exporters and MSMEs. He said the Export Promotion Mission would support eligible enterprises by assisting with overseas exhibitions and international business outreach, enabling them to take advantage of India's expanding network of Free Trade Agreements.

      Setting the broader agenda for the meeting, Shri Goyal noted that India had concluded FY 2025-26 with its highest-ever exports of USD 863 billion, registering growth of 4.6 per cent despite tariff realignments, freight disruptions and slowing global demand. Merchandise exports remained resilient at around USD 442 billion, while services exports reached a record level of over USD 421 billion.

      Referring to India's record export performance in FY 2025-26, the Minister said that the achievement had come despite significant global challenges, including tariff realignments, freight disruptions and slowing demand. He attributed the strong performance to the resilience of Indian exporters, diversification of markets and the transformative reforms undertaken under the leadership of Honourable Prime Minister Shri Narendra Modi.

      The Minister announced a time-bound 90-Day Drive under the Districts as Export Hubs initiative covering 120 priority districts across 27 States and Union Territories. Supported by 24 DGFT Regional Authorities and 11 partner agencies, the drive will focus on measurable outcomes, including new exporter registrations and export value growth, while converging with the One District One Product initiative, GI products and MSME clusters.

      Highlighting the Government's support architecture for exporters, Shri Goyal placed the Export Promotion Mission, jointly implemented by the Ministries of Commerce, MSME and Finance with an outlay of over ₹25,000 crore, at the centre of MSME-led export growth. Through its two pillars, NIRYAT PROTSAHAN for trade finance and NIRYAT DISHA for market access, and eleven interventions covering credit, collateral, factoring, warehousing, freight, compliance, trade intelligence and Brand India, the Mission addresses the complete exporter journey.

      The Board reviewed presentations across key pillars of India's trade and industrial ecosystem. These included India's Free Trade Agreements, which have opened markets accounting for over USD 27 trillion in GDP; DGTR and its new SETU digital platform; the Government e-Marketplace (GeM), where procurement has crossed ₹5 lakh crore with 45 per cent benefiting MSMEs; DPIIT's startup ecosystem comprising more than 2.35 lakh startups and the Fund of Funds 2.0; the BHAVYA Industrial Parks Scheme with an outlay of ₹33,660 crore for development of 100 industrial parks; the Ministry of Textiles' Vision 2030 targeting USD 100 billion in exports; the data-centre ecosystem with nearly ₹7 lakh crore in announced investments; and electronics manufacturing, presented by Apple India Managing Director Mr. Virat Bhatia, highlighting Production Linked Incentive (PLI)-driven mobile phone production of approximately ₹6.25 lakh crore.

      The Minister described cross-border e-commerce as the lowest-barrier entry point for first-time exporters and urged States to leverage Dak Ghar Niryat Kendras so that every district emerges as an exporting district. Emphasising that import substitution and export promotion are complementary objectives in the pursuit of an Aatmanirbhar Bharat, he reaffirmed the Government's commitment to strengthening testing and certification infrastructure and highlighted significant opportunities in container manufacturing.

      During the meeting, Ministers and representatives from States and Union Territories shared State-specific experiences, best practices and perspectives on export promotion, while reaffirming their support for the Centre's initiatives to strengthen India's external trade. Representatives of Export Promotion Councils, apex chambers and industry associations also shared suggestions for enhancing India's export competitiveness.

      The Minister set a target of achieving USD 1 trillion in exports, comprising approximately USD 530 billion in merchandise exports and USD 470 billion in services exports. He described the target as ambitious but achievable through coordinated action by the Centre, States, industry and exporters.

      Calling for a stronger Centre-State partnership, Shri Goyal urged States to place exports firmly on their governance agenda, convene State Export Promotion Committees without delay, undertake monthly reviews of district-level export performance, address regulatory, taxation and infrastructure bottlenecks, and align State-level schemes with Central Government programmes to ensure seamless support for MSMEs.

      Shri Goyal expressed confidence that the combined efforts of the States, the dynamism of India's youth and the leadership of Honourable Prime Minister Shri Narendra Modi would accelerate the country's journey towards becoming a globally competitive, self-reliant and developed nation.

      The meeting was attended by Shri Bimal Borah (Assam), Ms Shreyasi Singh (Bihar), Shri Manjinder Singh Sirsa (Delhi), Shri Subhash Pal Desai (Goa), Shri Kamlesh Bhai Patel (Gujarat), Shri Rao Narbir Singh (Haryana), Shri Harshwardhan Chauhan (Himachal Pradesh), Shri Sanjay Prasad Yadav (Jharkhand), Shri Chetanya Kumar Kashyap (Madhya Pradesh), Shri P. U. F. Rodingliana (Mizoram), Shri Tshering Thendup Bhutia (Sikkim), Smt Hekani Jakhalu (Nagaland), Shri D. Sridhar Babu (Telangana), Shri Bharat Singh Chaudhary (Uttarakhand), Shri Nand Gopal Gupta (Uttar Pradesh) and Shri Tapas Roy (West Bengal).

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