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    DGGI unearths clandestine pan masala and tobacco manufacturing network in Uttar Pradesh; 27 undeclared pouch-packing machines seized, evasion of about...
    Mission SAKSHAM: Scaling Capability through Co-operation - Keynote Address by Shri Swaminathan J, Deputy Governor at Mission SAKSHAM Programme for Dir...
    India’s Foreign Exchange Markets: Getting ready for the next Decade [Keynote Address delivered by Deputy Governor Shri Rohit Jain on the Annual Day ...
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August 21, 2026
Show AI Summary
Capacity-based taxation targets undeclared pouch-packing machinery used for clandestine pan masala and tobacco production and untaxed clearances.
Capacity-based taxation of pan masala and specified tobacco products is determined by the number, type and capacity of installed pouch-packing machines. Searches at interconnected manufacturing and trading premises detected unregistered operations using undeclared machinery for clandestine manufacture and clearance of pan masala, scented jarda and gutkha without payment of GST, HSNS cess and central excise duty. Finished goods, raw materials, packing materials and machinery were seized. The manufacturing firm's proprietor was prima facie identified as managing the operation and was arrested under the applicable cess and central excise laws.
August 21, 2026
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Technology risk oversight requires Urban Co-operative Banks to retain accountability while building shared and role-specific capabilities.
Urban Co-operative Banks must strengthen digital and risk-management capabilities as technology dependence exposes them to cyber threats, fraud, service-provider failures and common-platform vulnerabilities. Outsourcing critical systems does not transfer the bank's responsibility for oversight, safeguards and continuity. Boards and senior management must retain sufficient knowledge to supervise external providers effectively. Mission SAKSHAM supports role-specific, continuous capability building through physical and online learning, while collective infrastructure and shared expertise can supplement individual institutional capacity.
August 21, 2026
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Foreign exchange market modernisation prioritises delegated decisions, customer transparency, digital workflows, local-currency settlement and accountable risk management.
Foreign exchange market modernisation advances a facilitative, principles-based framework based on delegated decision-making by Authorised Dealers, risk-based reporting, and customer-centric service standards. Authorised Dealers must apply clear internal policies, avoid unnecessary documentation, disclose charges, timelines and grievance mechanisms, and ensure consistent treatment of comparable transactions. Local-currency settlement requires viable trade corridors, competitive hedging, correspondent relationships and robust AML/CFT controls. Digital workflows, electronic trading and reporting infrastructure should improve transparency and resilience, while automated tools remain subject to explainability, review and data-protection safeguards.
August 21, 2026
Show AI Summary
Sugar price containment measures restrict stockholding, permit duty-free imports, and strengthen inventory verification to deter hoarding.
Sugar price containment measures include stock limits for dealers, consumption-based inventory restrictions for bulk consumers, duty-free raw sugar imports, and physical verification of mill stocks to prevent hoarding and artificial scarcity. Price increases are attributed to lower domestic output, festive demand, crop damage, tighter global supplies, and speculation rather than sugar diversion for ethanol. Earlier crushing is advised to improve seasonal availability, while the ethanol programme supports management of sugar surpluses, mill liquidity, and timely sugarcane payments.
August 21, 2026
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Cross-border insolvency enforcement constrains asset recovery as Evergrande liquidation, founder asset confiscation, and audit-related claims continue.
Evergrande's insolvency process involves liquidation proceedings for its mainland property-development unit and its Hong Kong-listed holding company. Cross-border recovery is constrained by separate Hong Kong and mainland China legal systems, particularly because most operational assets are located in mainland China. Liquidators are pursuing asset-tracing and recovery measures against the founder and connected persons, as well as claims concerning pre-collapse audits. Investigations identified revenue overstatement through manipulated financial data. Creditor recoveries are expected to be limited due to substantial liabilities and constraints on asset realisation.
August 21, 2026
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Foreign exchange reserves rose through higher currency assets and gold holdings amid measures to attract external forex inflows.
India's foreign exchange reserves increased during the reporting week, led by higher foreign currency assets and gold reserves. Foreign currency assets include the dollar-value effects of movements in non-US currencies held as reserves. Special drawing rights declined marginally, while the reserve position with the International Monetary Fund increased marginally. Concessional swap arrangements formed part of measures to attract foreign-exchange inflows, while earlier reserve movements were linked to rupee pressure and dollar-sale intervention in the foreign-exchange market.
August 21, 2026
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Incremental tariff recovery aligns airport user charges with completed infrastructure, preventing passengers from funding non-operational capital projects prematurely.
User development fees and airport tariffs for Bengaluru International Airport have been revised for the April 2026 to March 2031 control period. The incremental Average Revenue Requirement framework excludes costs of identified high-value capital projects from tariffs until the relevant assets are completed, commissioned and available for users. Incremental tariff recovery may begin only upon operational availability, aligning charges with infrastructure use, reducing premature recovery risk for passengers and airlines, and encouraging timely completion of major capital works.
August 21, 2026
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Customer experience analytics enables banks to convert real-time feedback into operational improvements across high-value customer journeys.
Customer experience analytics is used in banking to transform customer data and real-time feedback into operational improvements across key customer journeys. Operational teams retain responsibility for strategy and execution, supported by in-house analytics and technology platforms for multi-channel journey mapping, journey analytics and prioritisation of high-value customer segments. AI-driven customer experience management tools capture customer signals, analyse journey performance and operationalise actionable insights across teams.
August 21, 2026
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Predicate-offence dependency limits retrospective addition of old FIRs to preserve money-laundering proceedings after the original scheduled offence is closed.
Predicate-offence dependency under the Prevention of Money Laundering Act requires an ECIR to rest on a subsisting scheduled offence. Closure of the FIR forming its basis through an accepted cancellation report prevents continuation of money-laundering proceedings unless that closure is overturned. A previously registered FIR cannot be belatedly added merely to preserve an existing ECIR and coercive powers. Where statutory requirements are met, an independently registered ECIR may be required. Expansion of an ECIR cannot rest solely on tenuous factual links between successive disputes.
August 21, 2026
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Indian rupee export invoicing rules now permit overseas contracts and invoices in rupees or foreign currency for eligible destinations.
Foreign Trade Policy provisions were amended to facilitate invoicing of overseas exports and receipt of export payments in Indian rupees. For exports to countries outside the Asian Clearing Union, export contracts and invoices may be denominated in Indian rupees or any foreign currency, replacing the earlier general requirement that export earnings be received in a freely convertible currency. The applicable requirements vary according to the destination country.
August 21, 2026
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Dealer inventory financing supports working-capital flexibility, vehicle inventory management and electric-vehicle network expansion for authorised dealers.
Dealer inventory financing is to be provided by Federal Bank to VinFast India's authorised dealer network under a memorandum of understanding. The tailored financing is intended to improve dealers' working-capital flexibility, support maintenance of vehicle inventory, strengthen operational capability, and enable timely response to demand as the electric-vehicle distribution network expands.
August 21, 2026
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Sugar supply pressures drive festive-season price increases as imports, stockholding limits and ethanol diversion shape market conditions.
Sugar prices in Bengal have risen sharply ahead of the festive season, with higher prices also affecting jaggery and other sugar-derived products. Supply constraints, mill stock releases, lower production in Brazil, ethanol diversion and possible hoarding have been identified as contributing factors. Raw-sugar imports have been permitted to augment availability, while stockholding restrictions limit inventories of specified bulk consumers. Lower projected closing stocks and possible future production effects from El Nino may sustain pressure on sugar availability and increase costs for sweetmeat producers.
August 21, 2026
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Foreign currency inflows and FCNR(B) deposits supported rupee sentiment, while oil prices and geopolitical risks constrained currency strength.
The rupee strengthened marginally against the US dollar as the dollar index softened, but elevated crude oil prices, geopolitical uncertainty, reduced foreign participation and net foreign equity outflows constrained currency sentiment. RBI measures to attract foreign currency inflows, including FCNR(B) deposits, were expected to generate substantial inflows, although these had not produced meaningful rupee strength. Energy-market disruption and restrictions on fuel exports through the Strait of Hormuz added to external-sector pressures.
August 21, 2026
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Sovereign security production priorities emphasise compliance, modernisation, employee innovation and operational excellence across currency, passport and coinage manufacturing.
SPMCIL performs a sovereign production mandate covering secure currency, coinage, passports and other products of national importance through its mints, currency presses, security presses and paper mill. Modernisation, compliance, transparency, efficiency, productivity, quality and corporate governance support the fulfilment of sovereign requirements. Individual employees and units were recognised for performance in productivity, environment and safety, energy conservation, knowledge and development, vigilance, and official-language implementation.
August 20, 2026
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Customs enforcement against suspected gold smuggling leads to baggage seizure and apprehension of the alleged intended receiver.
Customs officers intercepted an arriving passenger at the green channel on intelligence inputs and examined baggage after X-ray screening indicated suspicious images. The examination recovered two oval capsules containing gold paste concealed in the baggage. Interrogation indicated that an alleged receiver was waiting outside the airport to collect the suspected smuggled gold. Customs officers apprehended the alleged receiver, and further investigation remains underway.
August 20, 2026
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Provincial alcohol sales restrictions remain subject to economic impact assessment under proposed bilateral trade agreement negotiations.
Provincial control over alcohol distribution remains distinct from federal trade-making authority. Quebec retains authority over whether United States alcohol is offered through its government-controlled liquor distribution system, despite lacking a veto over a bilateral trade agreement. Federal requests to restore United States alcohol to retail shelves cannot compel provincial action. Proposed trade commitments also concern restrictions on United States agricultural products and Canada's dairy import regime, which applies lower tariffs within designated import volumes and higher duties beyond those volumes.
August 20, 2026
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Electoral-roll verification found no reported cases of specified foreign nationals receiving identity-linked benefits or voter registration.
Electoral-roll special intensive revision recorded no reported cases of Pakistani, Bangladeshi or Iranian nationals obtaining Aadhaar cards, ration cards, other government benefits, or voter registration. Illegal immigrants are identified through police monitoring, intelligence measures, specialised operations and a Special Task Force. Overstayers are recorded through the District Police Module and Foreigners Identification Portal and produced before Foreigners Regional Registration Officer authorities. Persons found to be residing illegally are reported to the concerned central divisions, proceeded against through registered cases, retained pending case disposal and exit permits, and subjected to deportation steps.
August 20, 2026
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Raw sugar tariff-rate quota permits duty-free imports while bulk consumers face consumption-based sugar stockholding limits.
Raw sugar imports are permitted duty-free under a tariff rate quota until 31 October 2026, with online allocation to eligible millers and refiners having functional refining capacity. Applicants must provide a refining-capacity declaration and supporting Consent to Operate; preference applies to importers undertaking timely completion of imports, while non-utilisation or failure to surrender allocations constitutes non-compliance. Bulk sugar consumers meeting the prescribed consumption threshold are subject to a stock cap of 15 days' consumption from 1 September to 30 November 2026.
August 20, 2026
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Duty-free raw sugar imports under tariff rate quota seek to improve domestic supply and contain rising sugar prices.
Duty-free import of 10 lakh metric tonnes of raw sugar is permitted under a tariff rate quota until 31 October 2026. The import-policy measure seeks to increase domestic raw-sugar availability and restrain rising local prices amid reduced opening stocks. Price-containment measures also include a stockholding limit for bulk consumers using more than 10 tonnes of sugar monthly, restricting holdings to 15 days' consumption.
August 20, 2026
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Reservation policy implementation is strengthened through capacity building, uniform institutional practices, welfare measures, and improved financial accessibility for Divyangjans.
Reservation policy implementation across Public Sector Banks, Public Sector Insurance Companies, sectoral regulators and Public Financial Institutions is being strengthened through a capacity-building workshop. The programme seeks uniform and effective application of Government reservation policies and related welfare measures. Senior human-resource functionaries and Chief Liaison Officers considered practical implementation issues, actionable measures for consistency, and operational concerns. It also focuses on improving accessibility of financial services for Divyangjans.

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Union Minister of Commerce and Industry Shri Piyush Goyal Calls for Trained Caregivers and Wider Hospital Participation in Heal in India Gateway

September 7, 2026

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Shri Goyal Underscores the Importance of Seamless Patient Journeys, Global Promotion of Indian Healthcare and Quality-Focused Expansion Across States

India Should Target 10 Million Medical Value Tourists Annually: Shri Goyal

India’s Clinical Excellence, Advanced Technologies and 60–80% Lower Healthcare Costs Offer Huge Potential to Serve the World

Shri Goyal Stresses Quality, Professional Integrity and Zero Tolerance for Corruption in Healthcare Certification

Union Minister of Commerce and Industry Shri Piyush Goyal today outlined a five-point action plan to strengthen India’s medical value tourism ecosystem and position the country as a gateway for international health and wellness services with the highest quality standards. Addressing the inaugural ceremony of Sanjeevani 2026 at Bharat Health Global Expo 2026 in New Delhi, Shri Goyal said the first priority should be to train and certify caregivers and develop a skilled workforce capable of providing healthcare of international standards.

The second point, he said, should be to encourage more hospitals to join the Heal in India gateway and publish honest and transparent treatment packages. He stressed that hospitals must follow ethical practices and never attempt to cheat patients, as one wrong action can lead to loss of goodwill, business and credibility for India.

As the third point, Shri Goyal called upon insurers and health-tech companies to build products and platforms that make the patient journey more seamless, ensuring timely reimbursements and greater availability of cashless payments. He also suggested that teleconsultations and telemedicine could be incorporated in a big way as an initial part of the medical value tourism journey.

The fourth point was the need to organise exhibitions and presentations across the world, establish facilitators and tie-ups with hospitals globally, and ensure that only National Accreditation Board for Hospitals & Healthcare Providers (NABH)-enabled, verified and panelled hospitals are allowed to treat patients coming from abroad. He stressed that NABH must maintain the highest standards with zero compromise.

As the fifth point, the Minister urged States to focus on quality in hospitals and wellness centres, expand their networks, make good-quality facilities globally visible and market these facilities for the welfare of patients. He called for medical value tourism to expand beyond metropolitan cities to Tier-2 and Tier-3 cities, creating jobs, opportunities and infrastructure while also helping upgrade healthcare for Indian patients.

Shri Goyal also suggested creating a pool of interpreters for patients arriving from different countries and speaking different languages, so that they have greater confidence and communication between patients and the medical system becomes easier.

The Minister emphasised that quality healthcare cannot be different for Indians and foreigners. He said India must ensure that every Indian patient receives the same high-quality healthcare as anyone coming from across the world. He said the country must give to its brothers and sisters what it would wish to receive itself and provide the same quality of healthcare to every person from India or abroad, without discrimination between rich and poor.

Shri Goyal stressed that those who entrust their lives to India by coming here for treatment must be treated with the highest care, concern and compassion. He said patients travelling abroad for healthcare, whether from Africa, Asia, America or Europe, experience anxiety as they enter a new country and seek clarity, dignity, ethical best practices and high integrity. They place their trust in India at every stage of their healthcare journey.

Highlighting the potential of India’s medical value tourism sector, Shri Goyal said India has clinical excellence, advanced technologies and healthcare costs 60-80 per cent lower than in other parts of the world, particularly the developed world. He said India also has compassion in abundance and appreciated the care and concern demonstrated by medical professionals across the country, from small nursing homes and doctors’ clinics to large municipal, private and government hospitals, often while working under considerable constraints.

The Minister said India’s pharmaceutical industry, medtech sector, diagnostics, traditional medicines including Ayurveda, Yoga and Unani, doctors, technicians, nurses, caregivers and hospitals collectively constitute the country’s strength and can make medical value tourism a potent instrument for serving the world. He said the sector has the potential to take India to the world, earn goodwill and serve people globally while creating a huge number of jobs and business opportunities in the manufacture of drugs, medical equipment and consumables, delivery of these products, hospital infrastructure and employment for doctors, teachers, nurses, technicians and other professionals.

Shri Goyal said that while 3.5 million patients have benefited from India’s medical value tourism ecosystem in the last seven years, the country’s target should be 10 million patients a year. He said India has the ability, capability, right doctors and the right ecosystem to achieve this. He emphasised that high standards, ethics, integrity and honesty must be maintained and urged healthcare providers to go the extra mile in caring for international patients.

Referring to the changing global healthcare landscape, Shri Goyal said the world is ageing while India is young and that many new-age diseases are spreading across the world. Healthcare costs are increasing and many parts of the world face long waiting lists even for doctors’, dentists’ and radiologists’ appointments, along with shortages of tertiary care. He said countries with which India is engaging through FTAs and business discussions want high-quality pharmaceuticals, doctors, technicians, nurses and caregivers from India in large numbers.

The Minister underlined the importance of preventive healthcare and the wellness ecosystem, referring to Ayurveda in Kerala and its spread across the country, wellness centres in the hills, and the care provided by nurses and young men and women working in the healthcare system. He said India is the land which can serve best and urged stakeholders not to miss the opportunity presented by the medical value tourism sector.

Emphasising collaboration, Shri Goyal said the purpose of Bharat Health was to bring the entire fragmented healthcare sector together and called upon stakeholders to work as collaborators and in cooperation with each other as a team.  Shri Goyal said the healthcare sector is a perfect example of the need for collaboration and cooperation, as even a small error can have serious consequences.

He said India must maintain high-quality benchmarks and make quality visible to patients. He called for the scaling up of medical value tourism while maintaining high standards and said India should become the gateway for international health and wellness services with the highest quality standards available anywhere in the world.

Shri Goyal said the world is looking to India for high-quality pharmaceuticals, doctors, technicians, nurses and caregivers, and that India has the potential to respond to this demand. He reiterated that the sector presents an opportunity to serve the world while creating economic opportunities and societal benefits.

On healthcare for Indians, Shri Goyal highlighted Ayushman Bharat, under which poor people and their families do not have to worry about healthcare expenses when someone falls sick, as the government pays for their healthcare. He also highlighted the provision for all persons above 70 years of age, irrespective of income, to receive an additional healthcare cover of ₹5 lakh.

Shri Goyal said India’s approach to healthcare has always been guided by the principle of serving the world. Referring to the Upanishadic expression “Sarvesantu Niramaya”, meaning “may all beings be free from illness”, he said India has never viewed healthcare only within the boundaries of the country and has for thousands of years regarded healthcare as a shared responsibility of the entire world. He described “One World, One Health” as part of this basic ethos.

Recalling India’s response during the COVID period, Shri Goyal said India provided vaccines free of charge to countries that could not afford them and supplied vaccines to others at very low cost. While vaccines from the developed world were sold for around 25-30 dollars, Indian vaccines were available at around 2-3 dollars a dose. Shri Goyal stressed that India never profiteered at the cost of somebody else’s misery.

The Minister recalled that when medicines required during COVID were available in India, Prime Minister Shri Narendra Modi decided to impose export restrictions on medicines being used at that time. He said that although very few medicines were proven for the treatment of COVID, paracetamol, certain other medicines, injections, injectables and consumables were required. He explained that export controls were introduced to safeguard India’s stock of medicines from being purchased or cornered by unscrupulous traders, certain companies or rich nations. Otherwise, only the rich could have received treatment while poorer and less-privileged populations, developing countries and India’s poor and lower-middle-class population could have been deprived of these medicines.

Shri Goyal said India not only ensured that everyone in the country who needed medicines received them, but also ensured equitable distribution of available medicines and equipment to countries across the world, whether rich or poor. More than 100 countries received medicines free of charge. He stressed that India did not profiteer from what it had and shared resources with others either free of charge or at cost.

Calling this the ethos of India, Shri Goyal said the third edition of Sanjeevani is bringing to the fore the potential contribution India can make to serve the country and the world. He said India must continue to ensure that healthcare for its own people is not compromised and referred to the various ways in which quality and timely healthcare are being made available.

The Minister also emphasised the importance of quality, ethics and integrity in the healthcare ecosystem. He said quality will determine the future of India and described the Quality Council of India as one of the most important organisations if India is to become a developed nation by 2047. He said maintaining high standards would be central to India’s future.

Shri Goyal stressed the importance of professional integrity in certification and said that the NABH system should be professionally run and free from influence. He stated that the Ministry or Government has not referred a single case and that the system is professionally managed. He urged stakeholders to complain if NABH or any certifying body engages in unethical practices and to approach the Ministry if such issues arise. He said the single largest focus of the Government is to eliminate corruption.

Shri Goyal concluded by reiterating that India must provide the same high-quality healthcare to every Indian patient as it provides to anyone coming from across the world. He said that just as every person wants the best healthcare for themselves and their families, it is the duty of the healthcare ecosystem to provide the same quality of healthcare to every single brother and sister from India or abroad, without discrimination between rich and poor.

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