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    Indian Community in Japan Playing Key Role in Strengthening India-Japan Ties: Commerce and Industry Minister Shri Piyush Goyal
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August 26, 2026
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Diaspora engagement supports skilled mobility, investment links, remittances, and citizen welfare while encouraging compliance with local laws.
Indian diaspora engagement in Japan supports bilateral goodwill, business links, investment opportunities and people-to-people ties. Skilled Indian professionals are encouraged to understand local requirements, learn Japanese language and culture, and pursue opportunities in healthcare, trades, engineering, artificial intelligence, accountancy and maritime work. Diaspora members are also encouraged to maintain connections with India, contribute through digital education and knowledge-sharing, and comply with local laws and regulations. Remittances and government support for citizens' welfare, safety and crisis assistance abroad are recognised as important aspects of diaspora engagement.
August 26, 2026
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Semiconductor and AI cooperation advances through industry engagement, investment facilitation, and accelerated economic partnership review.
India-Japan cooperation in semiconductors and artificial intelligence is being strengthened through industry engagement, investment facilitation, technology partnerships and an economic-security-oriented framework. India's semiconductor strategy covers chip design, machinery and materials, fabrication, ATMP/OSAT, research, and talent development, supported by Semicon India initiatives. Bilateral engagement also seeks to address industry concerns, expand manufacturing and innovation partnerships, and accelerate review of the Comprehensive Economic Partnership Agreement to reflect emerging economic opportunities.
August 26, 2026
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Virtual trader engagement platform strengthens weekly grievance feedback, policy information sharing, and institutional dialogue between government and trading communities.
The Virtual Conference Interaction Meetings provide a weekly, accessible forum for retail traders to engage with the Government, receive information on relevant schemes, policies and reforms, and submit grievances and suggestions. The platform enables recurring concerns to be identified and communicated to concerned Ministries and Departments for consideration and redressal. It seeks to strengthen institutionalised dialogue, feedback, transparency, trust and cooperation between the Government and the trader community.
August 26, 2026
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Competition clearance for full acquisition permits Cyient to acquire Tao Digital Solutions, a global digital transformation and technology services provider.
Competition Commission of India approved Cyient Limited's acquisition of 100% of Tao Digital Solutions Inc.'s share capital from its existing shareholders. The full share capital acquisition transfers complete ownership of Tao Digital Solutions to Cyient. Tao Digital Solutions provides global digital transformation and technology services, including product engineering, managed services, cybersecurity, payments, digitization and AI, cloud services, and data services, and operates in India through its wholly owned subsidiary, Tao Digital India Private Limited.
August 26, 2026
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Competition clearance for full coal-sector acquisition addresses limited Indian market links through metallurgical and thermal coal sales.
Competition approval covers Yancoal Australia Limited's acquisition of 100% equity interest and warrants in Kestrel Coal Group Pty Ltd. The target holds an 80% interest in the Kestrel Joint Venture, which operates a Queensland coal mine producing principally metallurgical coal and a smaller volume of thermal coal. Neither the acquirer nor the target has a physical presence in India. Their Indian nexus is limited to coal exports and the joint venture's sales of metallurgical coal into India.
August 25, 2026
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Customs classification of unassembled vehicle imports requires fresh hearing after reserved tax challenge was released without verdict.
The dispute concerns customs classification of imported unassembled vehicle parts. Customs authorities allege that parts imported in separate shipments should have been declared as completely knocked down (CKD) units, attracting the higher duty applicable to CKD imports, rather than as individual components subject to lower duty. The manufacturer contests the resulting customs demand. Proceedings have been released for fresh hearing before the regular indirect-tax writ bench, with status quo maintained for four weeks.
August 25, 2026
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Retaliatory tariffs on imported goods escalate trade measures, targeting key sectors while maintaining support for affected domestic businesses.
Canada has imposed retaliatory tariffs on United States-origin industrial and consumer goods following increased United States tariffs on Canadian goods. Effective 8 September, the measures apply at rates of 15%, 25% and 50% across more than 700 products, including steel, aluminium, appliances, dairy products, seafood, furniture, clothing, pulp and paper, and electronics. Existing countertariffs on automobiles remain in force. The measures seek to protect domestic businesses and reduce imports, supported by assistance for affected workers and businesses amid risks to integrated cross-border supply chains.
August 25, 2026
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Foreign-exchange market intervention and lower crude prices supported rupee appreciation, while USD/INR remained range-bound amid shifting dollar conditions.
Foreign-exchange market conditions supported rupee appreciation against the US dollar, driven by stronger domestic equity markets, a weaker US dollar and lower crude oil prices. The USD/INR pair remained broadly range-bound, with oil-price movements and Reserve Bank intervention identified as key near-term influences. The special USD-INR foreign-exchange swap facility for FCNR(B) deposits, overseas foreign-currency borrowings and external commercial borrowings mobilised substantial foreign-exchange inflows.
August 25, 2026
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Section 301 tariffs may have lower impact where major exports remain outside their scope amid resilient domestic demand.
Economic resilience is attributed to buoyant domestic demand, increased manufacturing and services activity, improving liquidity conditions, credit growth, investment activity and rebounding foreign capital inflows. Recovery in the southwest monsoon improved kharif sowing and reservoir storage, partly mitigating agricultural-sector risks. US Section 301 tariffs are expected to have a comparatively lower effect because major Indian exports to the United States, including smartphones, petroleum products and pharmaceuticals, remain outside their scope. Foreign direct investment improved with higher gross inflows, while outward foreign direct investment continued to decline.
August 25, 2026
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BIS certification exemptions may be structured for high-tech manufacturers to ensure timely equipment imports and support domestic manufacturing operations.
Mandatory Bureau of Indian Standards (BIS) certification requirements for equipment and components used by high-technology manufacturers may be addressed through a proposed exemption framework. Possible exemptions may be structured at the company, industry, product, project or bulk level to support timely availability of imported equipment, goods and services for manufacturing operations. The approach is directed at high-technology industries generally, particularly semiconductor and artificial intelligence sectors, while addressing delays associated with mandatory certification and complex procedures for specialised imported parts and equipment.
August 25, 2026
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Corporate social responsibility should prioritise measurable community outcomes, transparency, capable implementing agencies, and strategic integration with sustainability objectives.
Corporate social responsibility should prioritise measurable community outcomes rather than expenditure alone. Effective CSR depends on community-responsive design, capable implementing agencies, rigorous monitoring, social audits, and transparent use of technology and data. Public sector enterprises may use thematic priorities, convergence with government programmes, and institutional collaboration to replace isolated interventions with strategic CSR. CSR capacity building encompasses legal and regulatory frameworks, governance, project planning, impact assessment, reporting, ESG and the Social Stock Exchange.
August 25, 2026
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Regional rural bank performance highlights improved profitability, asset quality, priority-sector lending, financial inclusion, and digital banking expansion.
Regional Rural Banks achieved prescribed priority-sector lending targets and sub-targets, expanded financial inclusion through new Pradhan Mantri Jan Dhan Yojana accounts, and recorded improvement in profitability, asset quality, and credit-deposit ratio. Digital banking adoption is to be accelerated to improve operational efficiency, customer experience, and banking access in rural and remote areas. Sponsor Banks are expected to strengthen information-technology infrastructure and support increased area-specific credit flows and innovative lending.
August 25, 2026
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Ethanol-blended fuel policy faces calls for consumer-focused review amid sugar supply pressures and older-vehicle compatibility concerns.
Consumer-focused review of the ethanol-blended fuel policy is sought because higher ethanol diversion may affect domestic sugar availability and prices, potentially requiring sugar imports that could reduce claimed foreign-exchange savings from lower petroleum imports. The review should address ethanol and sugar production, domestic prices, imports, and consumer, environmental and economic concerns. Availability of lower-blend fuel alongside E20 is advocated for owners of older vehicles, with consumer choice between E10 and E20 supporting a comprehensive reassessment.
August 25, 2026
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Economic resilience remains supported by domestic demand, manufacturing, liquidity and capital inflows despite external trade and geopolitical risks.
Economic resilience is attributed to buoyant domestic demand, sustained manufacturing and services activity, and double-digit merchandise trade growth. Improved southwest monsoon conditions supported kharif sowing and partly reduced agricultural risks, although geopolitical frictions and fresh United States tariffs remained external risks. Supply-side pressures raised consumer price inflation, while stable core inflation indicated limited cost pass-through. Easing liquidity, credit growth, investment activity and rebounding foreign capital inflows supported financial and external-sector conditions.
August 25, 2026
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Sugar price controls combine raw sugar imports, stockholding limits, and export restrictions to curb retail inflation.
Sugar market intervention combines permitted imports of raw sugar, stockholding limits for dealers and bulk consumers, and an existing export ban to address sharp increases in retail and wholesale prices. Limits on inventories held by trade participants and large industrial consumers are intended to curb speculation and hoarding. Although ex-mill rates declined after the import decision and anti-hoarding measures, the reduction had not yet translated fully into retail prices. The measures seek to supplement domestic availability and restrain practices that may intensify consumer-price increases.
August 25, 2026
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Tariff escalation drives retaliatory planning, industry protection measures, supply-chain uncertainty, and proposed symbolic geographic renaming amid cross-border trade tensions.
United States-Canada trade tensions have intensified after tariffs were imposed on Canadian goods following unsuccessful bilateral talks. Canada is expected to pursue retaliatory measures, potentially using targeted action to protect workers and businesses rather than matching tariffs directly. Further tariff threats concern vehicles, auto parts and steel. Integrated cross-border supply chains in automotive, energy, agriculture and manufacturing face increased costs and consumer-price uncertainty. Consideration of renaming Lake Ontario as "Lake America" has also been linked to the escalating dispute.
August 25, 2026
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Central infrastructure monitoring through PAIMANA-PROJ tracks implementation progress, sectoral priorities, completed works, and integration of newly monitored projects.
PAIMANA-PROJ monitors Central Sector infrastructure projects costing Rs. 150 crore and above across 17 Ministries and Departments. As of July 2026, 1,775 projects with a revised cost of Rs. 37.11 lakh crore were under monitoring, with cumulative expenditure of Rs. 19.26 lakh crore. Transport and Logistics formed the largest monitored sector, followed by Energy. The portfolio included mega and major projects at varying physical and financial completion stages. PAIMANA-CRIP serves as the central infrastructure-project data repository, with most data updated through APIs.
August 25, 2026
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Plant growth regulator quality controls require farmer awareness, licensed sales, quarantine compliance, and protection against uncertified orchard inputs.
Plant Growth Regulator quality control seeks to protect farmers and orchardists from spurious products sold in the open market. Licensed pesticide and fungicide outlets receive application schedules, while farmer awareness is stressed due to purchases of cheaper PGRs that may not achieve expected results. Rootstock imports require quarantine clearance, and uncertified rootstock purchased from the market is associated with disease spread in orchards. Regulatory measures include direct departmental sale of branded chemicals, promotion of weather-based crop insurance, and demands concerning minimum support pricing and Market Intervention Scheme documentation.
August 25, 2026
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Anti-conversion compliance prompts voluntary prayer declarations, alongside food-safety oversight and enforcement against demolition, liquor, and cyber-fraud allegations.
Maharashtra's anti-conversion law has commenced, and churches across the Mumbai Metropolitan Region have sought written self-declarations confirming voluntary prayer attendance without pressure. Food-safety oversight requires cleaning of cricket association eateries before a further inspection. Enforcement matters include investigation into unauthorised shop demolitions allegedly involving misuse of a municipal corporation's name, arrests connected with spurious-liquor manufacture, and a cyber-fraud network allegedly using mule accounts to launder proceeds. A retired High Court judge has been appointed as Lokayukta.
August 25, 2026
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User development fee rationalisation reduces departure charges and links airport cost recovery to commissioned capital projects during the tariff cycle.
Airport tariff regulation for Hyderabad airport fixes reduced User Development Fee for departing domestic and international passengers from 1 September 2026 through 31 March 2031, with rationalised landing charges. The tariff determination applies the incremental Aggregate Revenue Requirement framework, linking airport-charge cost recovery to completion, commissioning and use of identified high-value capital expenditure projects. A variable tariff plan provides landing-charge incentives upon prescribed qualifying conditions, supporting traffic development and route expansion while requiring cost-reflective, transparent and non-discriminatory aeronautical tariffs.

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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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