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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.
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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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July 11, 2026
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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.
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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.
Ladakh administration prepared an export programme for fresh apricots, including the first overseas consignment to Dubai and broader access to other international markets. The initiative required coordinated procurement, grading, sorting, packaging, refrigeration, quality certification and transportation through farmer producer organisations, aggregators and a cooperative society, with dispatch scheduled through Delhi by special cargo aircraft. Officials were directed to ensure timely harvesting, uninterrupted cold chain management, quality standards, transparent payments and compliance with branding requirements.
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.
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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.
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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

India-UK CETA and Agreement on Social Security Enter into Force

July 16, 2026

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India–UK CETA Provides Zero-Duty Access for Nearly 99% of India’s Exports

Over 50 Export Consignments Flagged Off From Over 20 Ports, Airports, ICDs, SEZs and Factories Across India Under the Preferential Tariff Regime

Over USD 140 Million Worth of Export Consignments Flagged Off on Day One

The Day Marks a Defining Milestone in India–UK relations: Union Minister of Commerce and Industry Shri Piyush Goyal

India–UK CETA to Drive Trade in Goods and Services Between Two Complementary Economies: Commerce Secretary

India–UK CETA a Historic Milestone: British High Commissioner

First Certificates of Origin Under India–UK CETA Issued Through the eCoO 2.0 Platform on a Self-Certification Basis

The India–United Kingdom Comprehensive Economic and Trade Agreement (CETA), along with the Agreement on Social Security, also known as the Double Contribution Convention (DCC), formally entered into force today, marking a major milestone in the economic partnership between the two countries.

A formal inauguration event to mark the entry into force of CETA was held at Vanijya Bhawan, New Delhi. The function was attended by Her Excellency Ms. Lindy Cameron, British High Commissioner to India, Commerce Secretary Shri Rajesh Agrawal, Director General of Foreign Trade, representatives of Industry Export Promotion Councils, industry associations and several exporters.

In a post on X, Union Minister of Commerce and Industry Shri Piyush Goyal said that the entry into force of the India–UK Comprehensive Economic and Trade Agreement (CETA) and the Agreement on Social Security marks a defining milestone in India–UK relations. Under the leadership of Prime Minister Shri Narendra Modi, the Agreements have come into force, providing zero-duty market access for nearly 99 per cent of India’s exports and covering almost 100 per cent of trade value.

The Minister noted that the Agreement creates unprecedented opportunities for sectors including textiles, leather, gems and jewellery, engineering goods, marine products, chemicals and processed foods, while benefiting MSMEs, farmers and manufacturers. He further observed that the Agreement opens new opportunities for India’s IT, professional, financial, education and business services sectors and expands mobility for Indian talent.

Shri Goyal underscored that the Agreement on Social Security strengthens the partnership by exempting Indian professionals on temporary assignments in the United Kingdom from double social security contributions for up to five years, thereby enhancing the global competitiveness of India’s workforce. He also expressed appreciation to his UK counterpart and both negotiating teams for their commitment in bringing the transformational agreement to fruition and reaffirmed the shared commitment of both countries to building a resilient, innovation-driven partnership that promotes growth, investment and shared prosperity.

Addressing the gathering, Commerce Secretary Shri Rajesh Agrawal described the entry into force of CETA as a pivotal milestone in the deepening India–UK relationship and one of the most significant achievements in the journey of the Department of Commerce. He stated that the Agreement is fully aligned with the vision of Prime Minister Shri Narendra Modi for strengthening the India–UK partnership and acknowledged the leadership of Union Commerce and Industry Minister Shri Piyush Goyal in steering the negotiations to a successful conclusion.

The Commerce Secretary highlighted the scale and complexity of the negotiations, noting that more than 800 technical sessions were conducted across 14 formal rounds of negotiations before the Agreement was finalised. He commended the negotiating teams on both sides for their sustained efforts over several years in achieving the outcome.

Shri Agrawal observed that the Agreement is between two major and complementary economies and goes beyond India’s previous free trade agreement precedents in terms of both width and depth of coverage. He stated that while the Agreement creates substantial market access opportunities in goods trade, it also provides significant gains in services trade. Given that services account for more than 50 per cent of India’s GDP and over 70 per cent of the United Kingdom’s GDP, he noted that the commitments and predictability offered through the Agreement would provide a strong impetus to bilateral services trade in the years ahead.

Emphasising the importance of implementation, Shri Agrawal stated that the real success of the Agreement would be measured by its impact on the lives of people in both countries through the creation of jobs, livelihoods and economic opportunities. He called upon industry stakeholders to convert the opportunities created by the Agreement into tangible outcomes and assured that the Department of Commerce would work closely with Export Promotion Councils and industry clusters across the country to communicate the benefits of the Agreement at the sectoral, product and cluster levels.

The Commerce Secretary informed that the decision to operationalise the Agreement on 15 July 2026 was taken by the leaders of both countries during their meeting on the sidelines of the G7 Summit in France thirty days earlier. He stated that all pending issues had been resolved within the stipulated timeline and that all requisite notifications had been issued by both sides. Necessary trade facilitation measures, including arrangements relating to Rules of Origin certification and customs preparedness, had also been put in place to ensure that stakeholders could begin availing the benefits of the Agreement from the very first day.

He noted that more than USD 140 million worth of goods were being exported to the United Kingdom on the first day of implementation under the India–UK CETA. He expressed confidence that sustained utilisation of the Agreement would strengthen India–UK trade and encourage the pursuit of other trade initiatives currently under consideration.

To commemorate the entry into force of the Agreement, events were held across the country to flag off the first export consignments under the India–UK CETA preferential tariff regime. During the day, over 50 export consignments valued at more than USD 140 million were flagged off from more than 20 ports, airports, Inland Container Depots (ICDs), Special Economic Zones (SEZs) and factories across India. The consignments covered a wide range of products including electronics, pharmaceuticals and gems and jewellery, and were dispatched from locations including the seaports of Mundra, Nhava Sheva and Chennai, as well as air cargo complexes at Mumbai (Sahar), Kolkata and Hyderabad.

Speaking on the occasion, Her Excellency Ms. Lindy Cameron, British High Commissioner to India, described the entry into force of the Agreement as a historic milestone and a testament to the elevated UK–India bilateral relationship.

Highlighting the strength of bilateral ties, she noted that India was the United Kingdom’s eleventh-largest trading partner in 2025, with bilateral trade approaching £48 billion annually. She also observed that the investment relationship between the two countries supports more than 700,000 jobs.

Ms. Cameron stated that the Agreement provides a framework that will enable businesses in both countries to trade more, invest more, innovate more and grow together. She described it as a decisive step towards a broader, more ambitious and future-focused partnership.

Referring to its long-term economic impact, she noted that the Agreement is expected to increase bilateral trade by over £25 billion annually over the long term and contribute nearly £5 billion annually to both UK GDP and Indian GDP. She stated that the Agreement would make trade simpler, quicker and more cost-effective for businesses in both countries.

She further observed that the Agreement would provide Indian businesses duty-free access on around 99 per cent of tariff lines covering nearly all Indian exports to the UK, while UK businesses would benefit from tariff reductions or eliminations on 90 per cent of tariff lines covering 92 per cent of current UK exports to India.

The High Commissioner highlighted that the Agreement extends beyond goods trade and strengthens cooperation in customs, digital trade, financial services, telecommunications, intellectual property, professional services, transparency and regulation. She noted that the Agreement would create significant opportunities across sectors including advanced manufacturing, food and drink, life sciences, energy, consumer goods, textiles, apparel, engineering goods, marine products and chemicals.

She also emphasised the benefits for small and medium enterprises and consumers, stating that the Agreement would help SMEs expand their reach while offering consumers greater choice, stronger competition and better value.

Noting that the Agreement had now moved from negotiation and signature to implementation, Ms. Cameron observed that goods were already moving between the two countries under the new framework and stressed that successful implementation would be critical in ensuring that businesses, workers and consumers realise its full benefits.

As part of the entry into force of CETA, the first Certificates of Origin under the Agreement were distributed to exporters. The certificates were issued through the eCoO 2.0 platform on a self-certification basis. The digital, self-certified issuance of Certificates of Origin on Day One marks a significant step towards reducing compliance burdens and transaction costs, particularly for MSMEs.

Representatives of industry associations, Export Promotion Councils and exporters welcomed the entry into force of the Agreement and noted that duty-free access, coupled with simplified certification procedures and business-friendly Rules of Origin, would significantly enhance the competitiveness of Indian products in the UK market.

Industry representatives expressed confidence that the Agreement would contribute meaningfully to the vision of Viksit Bharat by providing Indian goods with enhanced access to one of the world’s most advanced markets. They noted that the Agreement would place Indian exporters on a level playing field vis-à-vis competitors from other countries and elevate the economic partnership between India and the United Kingdom.

Industry leaders further highlighted that by boosting labour-intensive sectors, the Agreement would create new opportunities for women entrepreneurs, MSMEs, youth and students, thereby generating quality employment and supporting inclusive growth.

In Mumbai, the Government of Maharashtra organised a ceremonial inauguration of the India–UK CETA in the presence of Chief Minister of Maharashtra Shri Devendra Fadnavis. To mark the commencement of preferential trade under the Agreement, the Chief Minister of Maharashtra and the Deputy High Commissioner of the United Kingdom ceremonially exchanged cargo placed on trolleys containing curated boxes of products representing bilateral trade between India and the United Kingdom.

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