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    Haryana CM Saini launches MSME and Export Promotion Policy 2026
    TCS receives employee data leak alerts; says no impact to customer info
    APEDA Facilitates First-Ever Export of Mustard Honey by Dergang FPO from Tripura to Dubai
    Parliament passes The Bankers' Books Evidence Bill, 2026
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August 10, 2026
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MSME and export promotion framework expands finance, technology, infrastructure, sustainability and global-market support for enterprise growth.
Haryana Progressive MSME and Export Promotion Policy 2026 creates a five-year framework for MSME growth through financial incentives, institutional support, industrial infrastructure, technology adoption and export facilitation. Identified thrust-sector enterprises may receive capital and interest subsidies, stamp duty reimbursement, employment assistance, insurance support, and incentives for automation, artificial intelligence, testing and research. Proposed venture capital and credit guarantee funds seek to improve institutional and collateral-free finance. Export support covers international certifications, credit, insurance, freight, e-commerce, trade fairs, documentation, compliance and buyer connections, alongside sustainability and inclusive entrepreneurship measures.
August 10, 2026
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Employee data exposure alerts trigger review of alleged password spraying and MFA fatigue, with customer and operational systems unaffected.
Employee data exposure alerts prompted TCS to review allegations concerning limited basic employee information that appears to be more than four years old. No indication exists that customer data, customer systems, or operational systems have been affected. The alleged vectors involve password spraying and multi-factor authentication fatigue. TCS states that safeguards against these techniques have been in place for more than two years, its controls remain effective, and monitoring and further assessment will continue.
August 10, 2026
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Mustard honey export demonstrates FPO-led aggregation, quality-focused production and industry collaboration for international agricultural market access.
Mustard honey export from Tripura to Dubai marks the first international shipment by Dergang Farmer Producer Organisation, supported through export-oriented aggregation and market linkage initiatives. The export creates overseas market access for local beekeepers and farmers, diversifies the honey value chain, and encourages quality-focused production. Industry collaboration supported bee production and an export-oriented supply chain, while capacity building, quality assurance, value addition and market linkages can strengthen agricultural exports and farmer participation in international markets.
August 10, 2026
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Digital banking evidence gains recognition through a modernised framework for physical and electronic records, with privacy and security safeguards.
The Bankers' Books Evidence Bill, 2026, modernises the evidentiary framework for bankers' books by permitting banking records to be produced in physical or electronic form in legal proceedings. It recognises electronic, digital and virtual records and enables the Central Government to extend the regime to other regulated financial entities, supporting a uniform financial-sector evidentiary framework. The framework seeks secure and transparent use of banking records while safeguarding customer privacy, confidentiality and data security.
August 10, 2026
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Illicit opioid medicine exports exposed through concealed cargo, clandestine manufacturing, repacking, and attempted transnational trafficking to Nigeria.
Illicit manufacture and attempted export of controlled opioid medicines were detected in a network producing, concealing, storing and exporting Tramadol Hydrochloride tablets to Nigeria. A consignment declared as Pregabalin capsules contained concealed Tramadol Hydrochloride and Tapentadol tablets. Investigation identified clandestine manufacture, repacking and preparation for export, with searches yielding tablet-compression machinery and raw materials. Tramadol is a psychotropic substance under the Narcotic Drugs and Psychotropic Substances Act, while Tapentadol is regulated under the Drugs and Cosmetics Act and its rules.
August 10, 2026
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Summons compliance under anti-money-laundering law faces appellate scrutiny after acquittal over unproven email service allegations.
Delhi High Court required Arvind Kejriwal to reply to Enforcement Directorate petitions challenging his acquittal in proceedings concerning alleged non-compliance with summonses. The trial court found that the agency had not proved intentional disobedience, service of summons through email, or lawful issuance of electronic summons under the Prevention of Money Laundering Act. The appellate challenge concerns proof of service, validity of electronic summons, and intentional non-compliance.
August 10, 2026
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Pesticide residue concerns drive organic farming, school agriculture initiatives, infrastructure financing and climate-resilience support for farmers.
Food-safety concerns arising from pesticide residues and toxic substances are to be addressed through organic vegetable farming, household cultivation and the Kathir school-farming initiative. Kathir provides for institutional farming, teacher and committee support, markets, student training and clubs, with possible academic weightage for agricultural participation. Agricultural infrastructure financing supports post-harvest management, value addition, processing, packing, marketing and exports. Additional measures include banking support, agricultural technology adoption, women-farmer support and schemes addressing climate-related floods and drought.
August 10, 2026
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Digital EODC processing removes physical duty challans through authenticated payment verification for export authorisation closure.
Export Obligation Discharge Certificate processing under the Advance Authorisation and Export Promotion Capital Goods schemes no longer requires physical duty-payment challans for voluntary customs-duty payments made on or after 1 August 2026. Authenticated licence-wise payment information is electronically transmitted from Customs/ICEGATE to DGFT systems and mapped to the relevant authorisation. Exporters can verify payment details on the customer portal, while Regional Authorities use corresponding back-office records, replacing manual submission and verification for authorisation closure.
August 10, 2026
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Trusted service-call numbering requires verified utilities and logistics entities to use dedicated numbers exclusively for transactional and service communications.
The 1601-series is introduced for verified utilities, courier and logistics entities making service and transactional voice calls. Numbers must be allocated directly to eligible entities, not intermediaries or aggregators, following verification by telecom service providers and an undertaking of exclusive use. Promotional voice calls are prohibited on this series and remain associated with the 140-series. The framework separates these calls from the 1600-series reserved for regulated financial-sector and government-to-citizen communications, supporting consumer recognition of legitimate calls and reducing impersonation risks.
August 10, 2026
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GST revenue collection drives tax growth while data scrutiny, taxpayer verification, and compliance capacity remain key administrative priorities.
GST constituted the principal component of tax revenue for the 2025-26 fiscal year. Tax administration faces staff shortages, information-technology upgrade needs, and increased workloads from taxpayer registrations and return filings. Compliance oversight requires GST data scrutiny, risk assessment, identification of unregistered taxpayers, tax-evasion detection, and field verification of high-risk taxpayers. Long-term revenue planning sets progressively higher collection targets through 2063.
August 10, 2026
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Russian crude imports reshape India's refining trade as processed petroleum products reach sanctioning jurisdictions despite import restrictions.
Indian imports of Russian crude oil reached a second consecutive monthly record in July 2026, with Russian crude forming the dominant share of India's Russian fossil-fuel purchases and more than half of total crude imports. Higher receipts through smaller terminals offset reduced volumes at Paradip. Indian refineries processing Russian crude also exported refined petroleum products to sanctioning jurisdictions, including the European Union, Australia and the United States, despite the European Union prohibition on imports of oil products made from Russian crude.
August 10, 2026
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Cyber-fraud through stolen phones allegedly used mule accounts, banking credentials and coordinated technical operations to divert victims' funds.
Investigation into unauthorised withdrawals after theft of a mobile phone uncovered an alleged interstate cyber-fraud network using stolen devices, linked banking credentials and mule bank accounts. The scheme allegedly involved phone theft, supply of accounts and banking instruments, and a technical operation that accessed victims' accounts and routed funds for withdrawal or transfer. Digital surveillance, transaction mapping, seized devices, victim data and transaction records are being examined to identify linked complaints and the extent of funds allegedly diverted.
August 10, 2026
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Rupee depreciation reflected stronger dollar, elevated crude prices and geopolitical uncertainty, while portfolio inflows and equity gains provided support.
The rupee depreciated against the US dollar amid a stronger dollar, higher global crude oil prices and uncertainty surrounding West Asia-related negotiations. Concerns over crude oil's potential impact on the trade deficit weighed on the currency, while positive domestic equity markets and foreign portfolio investment inflows provided support. Market caution remained focused on forthcoming US inflation data, dollar-index movements and Brent crude prices. Foreign-exchange reserves increased during the reported period.
August 10, 2026
Show AI Summary
Collateral-free personal loans offer extended repayment flexibility, conditional reward benefits, and online application subject to eligibility and disbursal requirements.
Loan Utsav 2026 provides eligible Bajaj Finance Personal Loan applicants an exclusive reward bundle where the loan is successfully disbursed during the campaign period. The collateral-free facility supports personal expenses, offers repayment tenures from 12 to 108 months, and may enable lower monthly EMI obligations through a longer selected tenure. Interest rates depend on eligibility, credit assessment, financial profile and lending criteria. Online applications require personal and financial details and required documents, with disbursal for eligible applicants possible after verification and approval.
August 10, 2026
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Credit card payment flexibility supports seasonal shopping and travel through eligible EMIs, rewards, tracking tools and conditional merchant benefits.
Credit-card spending features include conversion of eligible purchases into EMIs, selected no-cost EMI options, reward points, cashback, merchant discounts and payment flexibility. Travel-related benefits may include domestic airport lounge access, travel-booking discounts, fuel-surcharge waiver and anniversary-linked rewards. The AU 0101 application enables transaction tracking, balance and interest-rate monitoring, EMI conversion and bill-payment management. Features and offers are subject to change, customer eligibility, internal policies and partner-merchant terms.
August 10, 2026
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Foreign-exchange market conditions weakened the rupee as stronger dollar and crude prices offset support from reserve growth and inflows.
Foreign-exchange market conditions saw the rupee weaken against the US dollar in early trading, influenced by a stronger dollar and higher global crude oil prices. Foreign institutional equity inflows and increased foreign-exchange reserves moderated pressure on the rupee. Market attention remained focused on developments in West Asia and the Reserve Bank of India, alongside movements in the dollar index, crude oil prices and domestic equity markets.
August 10, 2026
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GI-tagged Mithila Makhana export facilitation expands sea-route market access while supporting quality compliance and farmer-linked value chains.
Export facilitation for GI-tagged Mithila Makhana enabled the first commercial sea-route shipment from Bihar to Australia. APEDA, in association with the Bihar agriculture department, supported market access, coordination, capacity building and stakeholder engagement. The export model is intended to improve farmer price realisation, require adherence to global quality standards, and strengthen growers, processors and exporters. A separate HS Code for Makhana has taken effect under the Finance Bill, 2025, supporting product-specific trade classification.
August 10, 2026
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Startup ecosystem support expands through digital payments, cloud access, AI innovation, investment readiness, governance support and global market programmes.
DPIIT has entered into strategic MoUs to support DPIIT-recognised startups through payment infrastructure, entrepreneurship development, cloud technology, mobility innovation, investment readiness and global-market access. Eligible startups may receive payment and cloud support, technical training, mentorship, startup formalisation assistance, market and investor connections, AI and mobility enablement, and programmes addressing governance, financial readiness, compliance and international expansion. The collaborations promote innovation across digital payments, clean energy, artificial intelligence, climate technology, advanced manufacturing, mobility and automotive technology.
August 10, 2026
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UPI transaction charges remain unavailable for consumers and person-to-person payments, while limited threshold-based merchant MDR may be considered.
Proposed amendment of section 10A of the Payment and Settlement Systems Act, 2007 is intended to support UPI sustainability, technological advancement and resilience. Consumer payments and person-to-person transactions are to remain free. Any future merchant discount rate would apply only to limited merchant transactions above a threshold, at a nominal rate, while most merchant transactions remain free. The framework supports investment in cybersecurity, fraud prevention and infrastructure, alongside a self-sustaining and inclusive digital-payment ecosystem.
August 10, 2026
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Fair competition cooperation in renewable energy markets advances knowledge-sharing and evidence-based enforcement across interconnected digital and energy markets.
BRICS competition authorities adopted a Joint Statement strengthening cooperation to promote fair competition, including in renewable energy markets. Cooperation focuses on dialogue, knowledge-sharing and consideration of cross-border competition challenges in digital markets, emerging technologies and the energy transition. Competition enforcement is to remain principled and evidence-based, supporting efficiency, consumer welfare, innovation and merit-based competition. A collaborative renewable-energy competition study identified evolving market dynamics and areas for future cooperation.

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Customs, DGFT & SEZ

Minister of State for Commerce and Industry and Electronics & Information Technology Shri Jitin Prasada Concludes Official Visit to Morocco; Co-Chairs 7th India–Morocco Joint Commission

August 27, 2026

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Shri Prasada Strengthens India–Morocco Economic Partnership; 7th Joint Commission Gives Fresh Momentum to Trade and Investment Cooperation

India–Morocco Agree to Double Bilateral Trade in Five Years; Joint Working Group to Explore Preferential Trade Agreement

India–Morocco to Mark 70th Anniversary of Diplomatic Relations in 2027; 8th Joint Commission to be Held in New Delhi

Shri Jitin Prasada Invites Moroccan Businesses to Invest in India; Highlights Opportunities in AI, EVs, Renewable Energy, Healthcare and Pharmaceuticals

Minister of State for Commerce and Industry and Electronics & Information Technology, Shri Jitin Prasada, concluded a successful official visit to the Kingdom of Morocco from 24 to 25 August 2026, during which he held a series of bilateral meetings with senior Moroccan Ministers and dignitaries. During the visit, he co-chaired the meeting of the 7th Session of the India–Morocco Joint Commission with his counterpart, H.E. Mr. Omar Hejira, Secretary of State to the Minister of Industry and Trade, in charge of Foreign Trade, Kingdom of Morocco.

India and Morocco have an enduring and mutually beneficial partnership that has gained strong strategic momentum under the leadership of  Prime Minister Shri Narendra Modi and His Majesty King Mohammed VI.

During his visit, Shri Jitin Prasada participated in the Morocco–India Business Forum, held bilateral meetings with senior Moroccan Ministers, engaged with the Indian business community and visited the manufacturing facility of India-Maroc Phosphore (IMACID), a joint venture of Morocco’s OCP Group with Indian partners, to review the longstanding India–Morocco partnership in phosphates and fertilisers.

Shri Prasada was accompanied by a high-level business delegation led by the Confederation of Indian Industry, which held fruitful meetings with the Chamber of Commerce, Industry and Services of Rabat-Salé-Kénitra, as well as the General Confederation of Moroccan Enterprises (CGEM).

7th India–Morocco Joint Commission Meeting

The 7th India–Morocco Joint Commission provided renewed momentum to the bilateral economic partnership and established an expanded framework for cooperation aimed at increasing trade, strengthening market access, promoting investment and industrial partnerships, and creating new opportunities for Indian and Moroccan businesses.

The two sides reviewed progress in bilateral economic and commercial relations and agreed to further deepen and diversify cooperation across trade, investment, industry, fertilisers, agriculture, pharmaceuticals, energy, mining, digital transformation, transport and other areas of mutual interest. Bilateral trade reached around USD 4 billion in 2025, reflecting the sustained strengthening of economic and trade relations between the two countries. Both countries reaffirmed their commitment to further strengthening their longstanding friendship and strategic partnership.

Both sides underscored that diversification of the trade basket and expansion of market access in both goods and services would help unlock the considerable untapped potential of the bilateral economic relationship. They agreed to work towards doubling bilateral trade over the next five years.

To achieve this, both countries emphasised that regular exchanges of business delegations, prospecting missions and networking activities would contribute to identifying new business opportunities, facilitating market access and promoting sustainable partnerships and joint ventures between Moroccan and Indian companies.

Potential areas identified for enhanced trade included fertilisers and chemicals, mineral resources, machinery and electrical equipment, automotive parts and vehicles, building materials, polymers, agri-food products, tea, metals and tourism. Both countries also agreed on the importance of facilitating predictable and timely market access for pharmaceutical products.

To provide an institutional mechanism for advancing this agenda, the two sides agreed to establish an India–Morocco Joint Working Group (JWG) to explore opportunities for developing bilateral trade and the feasibility of a preferential trade agreement between India and Morocco. The JWG will also examine tariff and non-tariff barriers and explore opportunities for improved market access and trade facilitation for goods and services.

The two sides agreed to work jointly to address regulatory and market-access issues faced by Indian pharmaceutical companies, including market authorisation procedures and approval timelines, with a view to facilitating bilateral trade and strengthening pharmaceutical cooperation. The Indian side raised market-access concerns relating to key products for export and the ongoing investigations concerning imports of ceramic tiles from India.

The two sides emphasised the importance of strengthening business-to-business engagement, reciprocal participation in trade fairs and exhibitions, business forums and investment-related activities. They also agreed to strengthen the role of the Morocco–India Business Council and the Morocco–India Chamber of Commerce and Industry in fostering partnerships between the private sectors of the two countries.

In agriculture, the two sides agreed to strengthen cooperation in sustainable agriculture, food security, SPS measures, food safety, agricultural research, digital agriculture, biotechnology and agricultural value chains.

The two sides welcomed the signing of the Memorandum of Understanding between the National Office of Food Safety (ONSSA), Morocco and the Food Safety and Standards Authority of India (FSSAI) on Cooperation in the Field of Food Safety. The MoU provides a framework for the exchange of information, technical expertise and best practices, capacity building and activities aimed at facilitating safe and sustainable bilateral trade.

The two sides also signed the Cultural Exchange Programme for the years 2026–2030 during the Joint Commission Meeting. The programme will promote cultural exchanges and collaboration through artist and professional exchanges, participation in festivals and exhibitions, cooperation in heritage conservation and strengthened linkages among museums, libraries and archival institutions.

The two countries noted that the 70th anniversary of the establishment of diplomatic relations in 2027 will provide an opportunity to further promote cultural exchanges and people-to-people ties.

The two sides agreed to hold the 8th Session of the India–Morocco Joint Commission in New Delhi, on a date to be mutually agreed through diplomatic channels.

Morocco–India Business Forum: Priority Areas for Investment and Partnerships

At the Morocco–India Business Forum, hosted by the General Confederation of Moroccan Enterprises (CGEM) in Casablanca on 24 August 2026, Shri Jitin Prasada highlighted key areas for enhanced business and investment cooperation, including automotive, artificial intelligence, renewable energy, start-ups and finance, fertilisers and chemicals, healthcare and pharmaceuticals.

Shri Prasada highlighted opportunities for deeper collaboration in automotive value chains, including EV components and precision sub-assemblies; renewable energy, including solar, energy storage and grid management; start-ups, fintech and finance; artificial intelligence; healthcare; and pharmaceuticals, including hospitals, diagnostics, pharmaceuticals, medical devices and digital health.

Shri Jitin Prasada highlighted the opportunities offered by India’s rapidly growing economy and invited Moroccan businesses to invest in India, build joint ventures and participate in India’s growth story.

He noted that under the vision of Hon’ble Prime Minister Shri Narendra Modi and Viksit Bharat 2047, India is building a modern and globally integrated economy, offering significant opportunities for enhanced India–Morocco business and investment partnerships.

OCP–India Partnership: Strengthening Cooperation in Phosphates and Fertilisers

Shri Jitin Prasada visited India-Maroc Phosphore (IMACID), a joint venture of Morocco’s OCP Group with Indian partners, and reviewed the longstanding India–Morocco partnership in phosphates and fertilisers.

The two sides welcomed the strong and enduring cooperation in this strategic sector, including the joint ventures between the OCP Group and Indian partners, namely Paradeep Phosphates Limited and Indo-Maroc Phosphore (IMACID).

The OCP team underscored their commitment to the Minister for the supply of phosphates and fertilisers as per the requirements of the Indian farming sector. The visit reaffirmed the importance of the partnership in supporting India’s fertiliser supply chains and strengthening cooperation across the phosphates and fertilisers sector.

High-Level Bilateral Meetings: Advancing Trade, Investment and Digital Cooperation

Shri Jitin Prasada held bilateral meetings with H.E. Mr. Omar Hejira, Secretary of State for Foreign Trade, and H.E. Mr. Riyad Mezzour, Minister of Industry and Trade, Morocco.

He also met H.E. Mr. Karim Zidane, Minister Delegate for Investment, and H.E. Dr. Amal El Fallah Seghrouchni, Minister Delegate for Digital Transition and Administrative Reform.

The discussions focused on strengthening bilateral cooperation in trade, investment, industry and digital transformation, and on identifying new areas for mutually beneficial economic engagement, especially in Artificial Intelligence.

Engagement with Indian Business Community and People-to-People Ties

Shri Jitin Prasada interacted with the Indian business community and members of the Indian community in Morocco and highlighted the important role of the community in strengthening India–Morocco ties.

He encouraged Indian businesses to further expand their engagement with Morocco and deepen partnerships across sectors, while emphasising the potential for greater collaboration between Indian and Moroccan enterprises.

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