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    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
    AU Small Finance Bank Launches Full Range of Savings Accounts for Every Customer Segment
    Rupee falls 10 paise to 95.28 against US dollar in early trade
    APEDA Facilitates First Export Shipment of Areko Cherries and Scentrose Plums from Jammu & Kashmir to UAE
    Union Minister of Commerce and Industry Shri Piyush Goyal Assures Modern Testing Facilities for Toy Manufacturing Clusters Across India
    India-Israel Bilateral Investment Agreement (BIA) comes into force
    DRI seizes over 1 lakh bottles of Codeine-based cough syrup in two separate operations in Tripura and West Bengal; one person arrested
    Govt withdraws emergency gas curbs imposed during Hormuz disruption as LNG supplies normalise
    Ketan Agarwal murder probe: Siya told friend marriage 'not going to take place', say police
    Ketan Agarwal murder: Marriage 'not going to take place', Siya told friend in May
    India-Peru FTA not happening anytime soon: Goyal
    Assam records 15 pc growth in GST collection in June
    Fearmongers wallowing in depths of despair after India successfully navigated energy crisis: PM Modi
    Chandigarh University Uttar Pradesh Introduces 17 New-Age Academic Programs in Emerging Domains to Nurture a Futuristic Workforce
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    July 6, 2026
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    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
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    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
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    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
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    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
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    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.
    July 6, 2026
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    Digital savings account offerings expand customer choice with paperless onboarding, Video KYC, monthly interest payouts and flexible banking access.
    AU Small Finance Bank has introduced a full range of savings account products for different customer segments, with options such as AU Digital, AU Royale, AU Platinum, AU Value, AU Vikaas, AU Swadesh, AU Kids and AU Kisan. The offering centres on digital convenience, paperless account opening, Video KYC, mobile and net banking access, debit card choices, competitive interest rates and monthly interest payouts. The accounts remain subject to eligibility, internal policies and applicable terms and conditions, and deposits are covered under DICGC up to the prescribed limit.
    July 6, 2026
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    Rupee weakness against the US dollar reflects dollar strength, reserve rebuilding by the central bank, and persistent market caution.
    The rupee weakened in early trade against the US dollar, opening lower and trading at 95.28 after a decline of 10 paise, as broad dollar strength in overseas markets weighed on the currency. Market participants said the central bank is likely to use fresh foreign inflows to rebuild reserves rather than allow excessive appreciation. India's foreign exchange reserves also declined in the latest weekly reporting period after earlier pressure on the rupee had led to intervention through dollar sales.
    July 6, 2026
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    Export promotion of premium Kashmir cherries and plums opens new overseas market access for growers.
    APEDA facilitated the first export shipment of premium Areko cherries and Scentrose plums from Jammu & Kashmir to the United Arab Emirates, highlighting the export potential of the region's horticultural produce. The shipment from Shopian and Pulwama was presented as a market-access initiative for premium Indian fruits, supported by export promotion, quality enhancement, buyer outreach and export facilitation measures. The initiative was linked to better price realisation, wider adoption of export-oriented production practices and stronger global presence for fresh fruit exports.
    July 6, 2026
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    Toy manufacturing quality upgrade gains momentum through modern testing, technology adoption and export market expansion.
    Modern testing facilities are to be established across toy manufacturing clusters through BIS, the National Test House and other laboratories, with industry expected to identify the equipment needed for quality certification. Toy manufacturers are urged to upgrade production through CAD-CAM, CNC machining, modern machinery and continuous process improvement, alongside skill development centres, partnerships with ITIs and public-private Centres of Excellence. Export expansion is linked to Free Trade Agreement market access, overseas delegations, exhibitions, branding initiatives and warehousing support abroad under the Export Promotion Mission.
    July 6, 2026
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    Investment protection framework deepens India-Israel economic ties while preserving sovereign policy space for public objectives.
    The India-Israel Bilateral Investment Agreement has entered into force, establishing an investment protection framework between India and Israel. It is presented as strengthening bilateral economic relations and providing a secure and predictable investment climate for cross-border investment. The agreement is described as protecting investors and their investments while preserving sovereign policy space for legitimate public policy objectives, reflecting modern international investment law.
    July 6, 2026
    Show AI Summary
    Codeine-based cough syrup seizures expose concealment methods used in narcotics trafficking networks under the NDPS Act.
    Large quantities of codeine-based cough syrup were intercepted and seized in coordinated anti-smuggling operations in Tripura and West Bengal under the NDPS Act, 1985. The consignments were concealed inside metallic and iron drums beneath cover cargo, including powdery substance and china clay powder, to evade detection during transport and storage. The operations involved recovery from a train parcel van and a warehouse, with one person arrested after arriving to take delivery of the consignment.
    July 5, 2026
    Show AI Summary
    Emergency natural gas supply curbs withdrawn as LNG shipments through the Strait of Hormuz resume after ceasefire.
    Withdrawal of emergency natural gas supply restrictions followed the normalisation of LNG shipments through the Strait of Hormuz after a ceasefire and the resumption of maritime traffic. The Ministry of Petroleum and Natural Gas amended the Natural Gas (Supply Regulation) Order, 2026 by omitting key operational provisions of the March emergency framework, which had been issued under the Essential Commodities Act in response to disruption of West Asia LNG supplies and supplier force majeure declarations. The omitted provisions had authorised government direction and diversion of domestic gas, imported LNG and regasified LNG to priority consumers and had overridden existing gas sale agreements and related commercial contracts.
    July 5, 2026
    Show AI Summary
    Murder investigation centres on a Snapchat message allegedly showing prior knowledge that the planned wedding would not happen.
    Police investigating the alleged murder of Ketan Agarwal said they found a Snapchat message purportedly sent by Siya Goyal in May stating that her marriage to Agarwal would not take place, while also asking for an Aadhaar card copy for wedding ticket bookings. Investigators said the message is being verified, and the friend who received it may be questioned to determine whether she had any prior knowledge of a conspiracy to eliminate Agarwal.
    July 4, 2026
    Show AI Summary
    Murder investigation centers on a Snapchat message suggesting the planned marriage was not to happen and may show prior conspiracy.
    Police investigation in the alleged murder of a Pune realtor has reportedly brought to light a Snapchat message said to have been sent by the accused, indicating that her scheduled marriage would not take place while also referring to travel arrangements for the wedding. The message is being examined for authenticity, and investigators are questioning a friend to determine whether she had any prior knowledge of a possible conspiracy to eliminate the victim.
    July 4, 2026
    Show AI Summary
    Free trade negotiations face market access hurdles as India advances talks with Canada, Israel and the EU framework.
    Negotiations for the proposed India-Peru free trade agreement remain stalled because of concerns over market access in sensitive products, especially duty concessions on gold. Talks with Canada are progressing under the Comprehensive Economic Partnership Agreement framework, with officials aiming to conclude the pact within the next six months or so. Negotiations with Israel are continuing more slowly because of the West Asia crisis, while the India-EU Trade and Technology Council is being used as a complementary mechanism to support implementation of the concluded trade pact.
    July 4, 2026
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    GST collection growth in Assam reflects stronger compliance, leakages control and digital tax administration.
    Assam reported a 15 per cent increase in GST collection in June, with receipts rising to Rs 1,437 crore from Rs 1,255 crore. The growth was attributed to improved compliance, leakages control, stronger digital tax administration and a wider tax base. GST collections for the April to June quarter were also higher, at Rs 4,467 crore against Rs 3,026 crore in the corresponding period of the previous year.
    July 4, 2026
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    Energy security through diversified sourcing, expanded refining capacity and LPG supply measures helped shield consumers from crisis impacts.
    India's response to the West Asia energy crisis relied on diversified fuel sourcing, expanded domestic refining capacity, rapid reconfiguration of refinery output toward LPG, and active diplomatic engagement to secure energy supplies from multiple countries. These measures were described as shielding consumers from severe fuel shortages and sharp price increases, while excise duty reductions and absorption of oil company losses limited the burden on citizens. The account also highlighted expansion of PNG connections, increased LPG production, and energy resilience as part of a broader policy approach to self-reliance.
    July 4, 2026
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    Future-ready higher education expands as new programmes focus on AI integration, industry relevance and multidisciplinary skills.
    Chandigarh University Uttar Pradesh has introduced 17 new academic programmes from the 2026 academic session across engineering, management, computer applications, liberal arts, sciences, hospitality, aviation and law. The programmes include undergraduate and postgraduate courses in aerospace engineering, robotics and automation, AI and machine learning, data science, psychology, microbiology, biotechnology and an LL.M. with specialisations in constitutional law, business law, criminal law and human rights. The expansion is intended to align higher education with industry needs, AI integration, practical exposure and future-ready skills.

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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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