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    Colombian president asks Trump to suspend tariffs to help earthquake recovery
    Mission Samudra to be launched alongside Vizhinjam’s EXIM operations
    Europe emerges top destination for India's electric car shipments in Q1
    Govt sets LPG production targets for refiners; Reliance gets largest quota
    PM urges MSMEs to tap opportunities from FTAs
    PM urges farmers to adopt 'chemical-free farming' to tap rising global demand for such food items
    Govt rolls out foreign asset disclosure scheme for small taxpayers
    Need one or two Indian pharma firms to be among global top 5: PM Modi
    Small taxpayers with€™ foreign assets to face 30 pc tax plus penalty; disclosure scheme opens till Dec 31
    PM urges MSMEs to tap opportunities from FTAs
    Govt cuts windfall gains tax on petrol, diesel, ATF exports
    Modi warns of weaponisation of resources, sea routes; urges energy self-reliance
    Current account deficit widens to USD 6.2 bn in Jun: RBI data
    Concessional swap facility attracts USD 56.85 bn forex inflows: RBI
    DFS Highlights Mechanism for Timely Redressal of Insurance Policyholders’ Grievances
    Forex kitty jumps USD 14.14 bn to USD 707 bn in one of the biggest weekly expansions
    PROVISIONAL ESTIMATES OF WHOLESALE PRICE INDEX, OUTPUT PRODUCER PRICE INDEX, AND TRIAL INPUT PRODUCER PRICE INDEX FOR THE MONTH OF JULY 2026, AND FINA...
    Logistics Data Bank Tracks 10 Crore EXIM Containers, Provides Visibility across Logistics Chain
    APEDA and Government of Tripura Organise International Organic Buyer-Seller Meet to Expand Global Market Linkages
    WPI inflation eases to 9.78 pc in July on softening in fuel prices
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    August 16, 2026
    Show AI Summary
    Temporary tariff suspension for earthquake recovery is sought to ease pressure on affected Colombian businesses.
    Temporary suspension of high tariffs on Colombian products has been sought to support business recovery following a severe earthquake declared a natural disaster. The request links tariff relief to economic disruption affecting businesses amid extensive destruction, injuries and missing persons. United States emergency assistance has been provided through food, shelter and health supplies, while no response to the tariff-suspension request had been reported.
    August 16, 2026
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    Port-led industrial development and direct export operations aim to expand logistics infrastructure, market access and trade connectivity.
    Mission Samudra is proposed as a port-led industrial and logistics development programme linked to the commencement of export-import operations at Vizhinjam seaport. It covers industrial clusters, new cities, port connectivity, logistics, development initiatives, programme management and capacity building. Direct export shipments are intended to improve overseas-market access and reduce transit time and logistics costs, particularly for small and medium enterprises. The framework also anticipates growth in warehousing, cold storage, container freight stations and logistics parks, supported by private participation and road and rail connectivity.
    August 16, 2026
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    Electric vehicle export diversification strengthens India's presence across European, Asia-Pacific and Latin American markets through expanding overseas demand.
    India's electric motor car exports expanded sharply in the first quarter of 2026-27, reflecting increased international acceptance and competitiveness of India-manufactured electric vehicles. Europe became the principal export destination, led by Spain and the United Kingdom, with further demand across several European markets. Exports also reached Asia-Pacific markets, Nepal and emerging Latin American destinations. This wider market presence reflects improving quality and safety standards, stronger integration into global electric-vehicle supply chains, and diversification of India's electric-vehicle export profile.
    August 16, 2026
    Show AI Summary
    LPG production preparedness requires refiners and upstream producers to maintain capacity and increase output during supply constraints.
    Government has established a standing LPG production preparedness framework under which refining companies, oil marketing companies and upstream producers may be directed to increase production during supply constraints. Companies must maintain adequate LPG storage, evacuation and transportation infrastructure and pursue technically and economically feasible production-enhancing measures. Written directions may prescribe production quantities and periods, including restrictions on alternative uses of input streams required for LPG. The production schedule is updated twice yearly to reflect new facilities and added capacity from infrastructure, technology and distribution improvements.
    August 16, 2026
    Show AI Summary
    Free trade agreement market access requires MSMEs, farmers and exporters to meet global quality standards.
    Free trade agreements expand market-access opportunities for Indian MSMEs, exporters and producers through reduced or eliminated import duties on traded goods. Textiles, machinery, medicines, seafood and agricultural products can access international markets where they meet global standards and remain competitively priced. Farmers and producers are encouraged to develop export-oriented products, including chemical-free agricultural produce, while MSMEs may use preferential trade access to support manufacturing, exports, employment and growth.
    August 15, 2026
    Show AI Summary
    Chemical-free farming can strengthen agricultural exports by meeting global standards and responding to rising international demand.
    Chemical-free farming is urged to meet growing global demand and expand agricultural exports. Agricultural products must meet global parameters to facilitate access to international markets, including markets opened through free trade agreements. Food processing, export-oriented farm production, and global branding of traditional cuisine, millets, spices, fruits and flowers are identified as important elements of agriculture and food production policy.
    August 15, 2026
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    Voluntary foreign asset disclosure allows eligible taxpayers to regularise overseas holdings with immunity from further tax, penalties and prosecution.
    FAST-DS permits eligible taxpayers to disclose specified undisclosed foreign assets, foreign income, and foreign assets omitted from return schedules. Undisclosed assets or income not previously offered to tax may be declared up to Rs 1 crore on payment of an effective 60 per cent levy, based on fair market value as of 31 March 2026. Assets already offered to tax, or acquired during non-resident status but omitted from the return schedule, may be declared up to Rs 5 crore on payment of a fee. Valid declarations provide immunity from further tax, penalty and prosecution, while declared amounts are excluded from total income.
    August 15, 2026
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    Global pharmaceutical leadership is urged through Indian firms achieving top-five status, supported by generic manufacturing and export capacity.
    Indian pharmaceutical companies are urged to attain representation among the world's five leading pharmaceutical firms, despite India's established position as a major producer of generic medicines. India has a broad manufacturing base, supplies generic medicines across numerous therapeutic categories, and exports to worldwide markets including highly regulated jurisdictions. Although pharmaceutical exports and the domestic market have expanded, Indian firms have not yet secured positions among the largest global companies. Greater international scale may be supported through acquisitions and expanded established-brand and branded-generic operations.
    August 15, 2026
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    Foreign asset voluntary disclosure permits eligible small taxpayers to regularise qualifying assets through tax, additional levy, and statutory immunity.
    FAST-DS permits eligible small taxpayers to voluntarily disclose specified foreign assets or foreign income. It covers undisclosed foreign assets or income not offered to tax, subject to an aggregate value threshold of Rs 1 crore, and certain foreign assets omitted from the relevant return schedule, subject to a Rs 5 crore threshold and prescribed fee. Payment comprises 30 per cent tax and an additional equal amount. Disclosed income or investment is excluded from total income, with immunity from further tax, penalty and prosecution under the Black Money Act for the disclosed asset or income.
    August 15, 2026
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    Free trade agreement opportunities require MSMEs to meet global standards and expand exports across textiles, machinery, medicines and seafood.
    Free trade agreements are presented as export-market opportunities for Indian MSMEs because they reduce or eliminate import duties on a substantial range of traded goods. MSMEs are urged to expand exports of textiles, machinery, medicines and seafood, including shrimp, by meeting global quality standards and offering products competitively. Their export role is linked to self-reliance and their significant contribution to manufacturing, exports, GDP and employment.
    August 15, 2026
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    Windfall gains tax on petroleum exports was reduced to support domestic fuel availability and limit export price advantages.
    Special additional excise duty (windfall gains tax) on exports of petrol, diesel and aviation turbine fuel was reduced from 15 August 2026. Petrol export duty was reduced to nil, and export-duty rates on diesel and ATF were lowered. Duty rates for petrol and diesel cleared for domestic consumption remained unchanged. The export-duty framework seeks to maintain domestic petroleum-product availability and limit export advantages arising from higher global crude oil prices amid West Asia tensions.
    August 15, 2026
    Show AI Summary
    Energy self-reliance drives diversified fuel sourcing, expanded offshore exploration, and domestic capacity to reduce geopolitical supply vulnerability.
    Energy security policy seeks to reduce exposure to geopolitical pressure and supply disruption caused by dependence on overseas fuel and strategic maritime routes. India is diversifying crude oil and LNG sourcing while strengthening domestic hydrocarbon production through offshore exploration, seismic surveys, exploratory drilling and shared infrastructure. Expanded access to sedimentary basins is intended to unlock domestic oil and gas resources. Wider piped natural gas coverage, solar generation, critical-mineral exploration, and nuclear and other non-fossil energy sources support the broader objective of energy self-reliance.
    August 14, 2026
    Show AI Summary
    Current account deficit widened as merchandise trade imbalance expanded, despite stronger services surplus, transfers, and positive capital inflows.
    India's current account deficit widened in June 2026, principally because merchandise imports increased faster than exports and expanded the merchandise trade deficit. A higher services surplus, increased net transfers and a narrower net income deficit provided partial offsets. Net capital inflows, including foreign direct investment and foreign portfolio investment, supported a positive overall monthly balance. During the April-June quarter, despite increased services surplus and net transfers, the overall balance shifted to a deficit as the merchandise trade deficit widened.
    August 14, 2026
    Show AI Summary
    Concessional foreign-currency swap facility closes early for new FCNR(B) deposits while ECB and OFCB access remains available.
    The concessional swap facility for FCNR(B) deposits encourages foreign-currency inflows and supports foreign-exchange liquidity. New FCNR(B) deposits eligible for the facility must be mobilised by 31 August 2026, while swaps for eligible deposits may be availed until 11 September 2026. The swap arrangement for External Commercial Borrowings and Overseas Foreign Currency Borrowings remains available until 31 December 2026.
    August 14, 2026
    Show AI Summary
    Insurance grievance redressal requires initial insurer complaint, prompt acknowledgement, and escalation through integrated monitoring channels when resolution remains unsatisfactory.
    Insurance policyholder grievances must first be raised with the concerned insurer, whose Grievance Redressal Officer and Board-level monitoring committee oversee redressal. Complaints received through digital channels, correspondence or call centres are recorded in the insurer's Complaints Management System, integrated with Bima Bharosa. Insurers must acknowledge complaints immediately and resolve them within 14 days. Where no response is received within a reasonable period or the response is unsatisfactory, policyholders may escalate through Bima Bharosa or designated helplines, email or physical correspondence.
    August 14, 2026
    Show AI Summary
    Foreign exchange reserve growth reflects increases in foreign currency assets, gold holdings, special drawing rights, and IMF reserve position.
    India's foreign exchange reserves rose to USD 707.002 billion for the week ended 7 August 2026. The increase comprised higher foreign currency assets, gold reserves, special drawing rights and the reserve position with the IMF. Foreign currency asset valuation incorporates appreciation or depreciation of non-US currencies held in reserve assets. Measures including the FCNR(B) scheme were introduced to attract additional foreign exchange inflows.
    August 14, 2026
    Show AI Summary
    Wholesale and producer price indices show July inflation movements, provisional estimates, final revisions, and manufacturing input-price trends.
    Wholesale Price Index, Output Producer Price Index, and trial Input Producer Price Index estimates under the 2022-23 base-year series set out provisional July 2026 measures and final May 2026 revisions. All-commodities WPI stood at 110.0 in July 2026, with year-on-year inflation of 9.78 per cent. The all-commodities Output PPI was unchanged at 109.9, while the trial Input PPI for manufacturing was provisionally estimated at 105.9. Final May WPI, Output PPI and trial Input PPI measures were revised from their respective provisional estimates.
    August 14, 2026
    Show AI Summary
    Logistics data visibility enables EXIM container tracking, operational analytics and multimodal shipment monitoring across India's logistics chain.
    Logistics Data Bank provides near real-time visibility of India's EXIM container movement through technology-based tracking and stakeholder monitoring tools. RFID-based coverage extends across ports, terminals, inland logistics facilities, rail networks, industrial zones, borders and highways. The platform uses RFID, Internet of Things, Big Data and Cloud technologies, with analytics on dwell time, transit time, and port and terminal performance to identify logistics bottlenecks. LDB 2.0 adds high-seas tracking of export containers and multimodal shipment visibility.
    August 14, 2026
    Show AI Summary
    International organic buyer-seller linkages support Tripura producers through direct sourcing engagement, market access and sustainable export opportunities.
    International Organic Buyer-Seller Meet in Tripura created a direct platform for organic producers, Farmer Producer Organisations, exporters and international buyers to explore sourcing opportunities, market requirements and long-term commercial linkages. Organic and naturally produced goods, including Queen Pineapple, GI-tagged Kalikhasa Rice, organic ginger and turmeric, black sesame, jackfruit and scented lemon, were showcased through product displays and producer interactions. The initiative seeks to strengthen global market access, sourcing partnerships and income opportunities for organic farmers.
    August 14, 2026
    Show AI Summary
    Wholesale price inflation moderation was driven by softer fuel prices, while manufactured goods and primary articles recorded higher inflation.
    Wholesale price inflation moderated in July, led by a decline in fuel and power inflation and a marginal easing in food-article inflation. Inflation in manufactured products and primary articles increased, making the moderation uneven across groups. Mineral oils, food articles, basic metals, non-food articles, food products, and chemical products remained significant inflation drivers. The output Producer Price Index remained unchanged year-on-year, with lower manufacturing and mining inflation offset by higher agriculture and electricity producer-price inflation.

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      Customs, DGFT & SEZ

      29 FDI PROPOSALS APPROVED

      March 4, 2009

      Contents
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      Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting held on 23rd February, 2009, Government has approved 29 Proposals of Foreign Direct Investment amounting to Rs. 616.08 Crore approximately.  The proposals relate to Ministries/Departments, namely, Commerce, Economic Affairs, Information & Broadcasting, Telecommunication, Tourism, Industrial Policy & Promotion, Post, Defence Production, and Urban Development. 

      Details of 29 proposals which have been approved:

      Sl. No.

      Name of the applicant

      Particulars of the proposal

      FDI/NRI inflows (Rs. In Crore)

      COMMERCE

      1

      M/s Poltrona Frau S.p.A

      Single Brand retail trading.

      21.50

      ECONOMIC AFFAIRS

      2

      Bharath Wind Farms Ltd., Chennai

      Conversion of operating company into operating cum holding company to make downstream investments.

      No Fresh Inflow

      3

      M/s Lisi Aerospace and Lanc Aero Industries, France

      Conversion of operating company into operating cum holding company to make downstream investments.

      9.70

      4

      M/s Matrix Laboratories Ltd., Secunderabad

      Conversion of operating company into operating cum holding company to make downstream investments.

      3.72

      5

      M/s Astrix Laboratories Ltd., Secunderabad

      Transfer of shares from NR to NR.  Proposal attracts Press Note 1 of 2005.

      No Fresh Inflow

      6

      M/s Avendus Capital Pvt. Ltd., Mumbai

      Conversion of operating company into operating cum holding company to make downstream investments to undertake the activities of NBFC.

      No Fresh Inflow

      7

      M/s WNS Global Services Pvt. Ltd.

      Conversion of operating company into operating cum holding company to make downstream investments.

      No Fresh Inflow

      8

      M/s Cinema Capital Ventures Fund

      Induction of foreign investments in units of a scheme of an Indian venture capital fund, organized as a trust and registered under the Securities and Exchange Board of India (Venture Capital Fund Regulations), 1996 (VCF Regulations) engaged in the media and entertainment (M&E) sector in India.

      50.00

      9

      M/s EBS Worldwide Services Pvt. Ltd. Mumbai.

      Conversion of operating company into operating cum holding company to make downstream investments.

      0.42

      10

      M/s Velankani Information Systems Pvt. Ltd. Bangalore

      Post facto approval for conversion of operating company into operating cum holding company to make downstream investments.

      No Fresh Inflow

      11

      M/s Shalivahana Green Energy Ltd. Secunderabad.

      Conversion of operating company into operating cum holding company to make downstream investments and transfer of equity form resident to non-resident.

      13.14

      INFORMATION & BROADCASTING

      12

      M/s What's on India Media Pvt. Ltd., Mumbai

      To hold a TV channel license for up-linking a non-news and current affairs TV channel from India

      No Fresh Inflow

      TELECOMMUNICATION

      13

      M/s Telcordia Technologies Inc. USA

      Induction of foreign equity upto 74% to carryout the activities of mobile number portability solutions.

      45.00

      TOURISM

      14

      M/s AAPC Singapore Pte Ltd., Singapore

      To invest up to 100% in an Indian company by subscribing to equity/ fully convertible preference shares; and / or subscribe to fully convertible debentures to construct, develop, own and manage Formule 1 hotels in India.  The proposal attracts Press Note 1 of 2005.

      365.78

      COMMERCE

      15

      M/s  Zepter International India Pvt Ltd. 

      To waive of the condition of test marketing and to carry out wholesale cash & carry business only.

      No Fresh Inflow

      INDUSTRIAL POLICY & PROMOTION

      16

      M/s R.E.D. Graniti Quarries and Blocks (I) Pvt. Ltd. 

      Conversion of operating company into operating cum holding company to make downstream investments.

      No Fresh Inflow

      17

      M/s Caparo Engg (I) Pvt. Ltd. 

      To issue and allot equity shares against the full and final discharge on account of import of machinery.

      No Fresh Inflow

      18

      M/s Thomyan Food Industries (I) Pvt. Ltd.

      To undertake the additional activities of manufacturing of items covered under the SSI itesms.

      No Fresh Inflow

      19

      M/s Macquarie Capital Adviser (India) Pvt. Ltd.

      To modify the percentage of equity share capital set out in the approval letter and to delete the condition of compounding.

      No Fresh Inflow

      INFORMATION & BROADCASTING

      20

      M/s Reed Infomedia (I) Pvt. Ltd. 

      To publish additional magazines.

      No Fresh Inflow

      COMMERCE

      21

      M/s Mallcom (India) Ltd., Kolkata

      Induction of foreign equity in the enhanced paid up capital to carry out the marketing and selling industrial safety products.  The proposal attracts Press Note 1 of 2005.

      0.01

      ECONOMIC AFFAIRS

      22

      M/s Dynamatic Technologies Ltd., Bangalore

      Ex-post facto approval for engaging in the business of defense and strategic industries.

      Not indicated

      23

      M/s High Mark Credit Information Services Pvt. Ltd., Mumbai

      To issue and allot up to 10% of the issued share capital.

      5.00

      24

      M/s Logix Microsystems Ltd., Bangalore

      Transfer of shares by way of share swap.

      4.00

      25

      M/s ABG Bulk Handling Pvt. Ltd., Mumbai

      Conversion of operating company into an operating cum holding company to make further downstream investment.

      90.00

      26

      M/s eSys Information Technologies Ltd.

      Conversion of operating company into an operating cum holding company to make further downstream investment.

      No Fresh Inflow

      POST

      27

      M/s ELbee Express Pvt. Ltd.

      To issue and allot Cumulative Compulsory Convertible Preference shares.  The company is engaged in the business of providing courier and logistics services.

      7.81

      DEFENCE PRODUCTION

      28

      M/s Astra Microwave Products Limited, Hyderabad

      FDI investment up to 26% in a company proposing to engage in manufacture of licensed defence items

      No Fresh Inflow

      URBAN DEVELOPMENT

      29

      M/s HBS Realtors Pvt. Ltd., Mumbai

      Conversion of operating company into an operating cum holding company to make further downstream investment.

      Already noted

      The following 19 (Nineteen) proposals have been deferred:

      Sl. No

      Name of the applicant

      Particulars of the proposal

      1

      M/s John Deere Construction & Forestry, USA

      To set up a JV to carry out the manufacturing, marketing and distribution of all types of construction equipments.  The proposal attracts Press Note 1 of 2005.

      2

      M/s BNP Paribas Securities Services Ltd., France

      (i) To subscribe either directly or through a wholly owned subsidiary to equity shares constituting 49% of the post investment issued and paid up share capital and any additional shares that may be issued form time to time and, (ii) to constitute a joint venture for undertaking the business of providing registrar and share transfer agency services (including for mutual funds) and other ancillary securities services in India in compliance with applicable laws.

      3

      M/s Unitech Ltd., Gurgaon

      Conversion of operating company into operating cum holding company to make downstream investments to carry out the business of construction and development of real estate projects.

      4

      M/s Ortus Infratel and Holdings Pvt. Ltd., New Delhi

      Induction of FDI in the companies engaged in telecom infrastructure providers (Category-I) and conversion of operating company into operating cum holding company to make downstream investments.

      5

      M/s Saket Engineers Pvt. Ltd. Bangalore.

      Conversion of operating company into operating cum holding company to make downstream investments to undertake Real estate development projects and to make downstream investments in entities undertaking FDI compliant projects/activities.

      6

      M/s Thales Avionics S.A. France

      To set up a JV with a foreign equity participation of 26% in Defence sector.

      7

      M/s TRW Aftermarket Asia Pacific Pte Ltd., Singapore

      To set up a Joint Venture Company to undertake the business of airbag modules for installation onto vehicles produced in India.  The proposal attracts Press Note 1 of 2005.

      8

      M/s Tikona Digital Networks Pvt. Ltd., Mumbai

      Induction of foreign investment by issuing CCDs and equity shares to undertake developing, establishing and operating infrastructure as a Category-A Internet Service Provider.

      9

      M/s Yamaha Motor India Sales Pvt. Ltd. 

      Transfer of business operations to a company engaged in the business of manufacture, sale, import & exports of motorcycles, bi-wheelers and parts thereof.

      10

      M/s Information Tech Park, Bangalore 

      Buy-back of built up space constructed by the company itself under the Industrial Park Policy and leasing out the same to clients.

      11

      M/s Quippo Telecom Infrastructure Ltd.(QTIL)

      Conversion of operating company into operating cum holding company to make downstream investments and demerger of passive telecom infrastructure business approved by the High Court of Andhra Pradesh.

      12

      M/s Tanla Solutions Ltd., Hyderabad

      Conversion of operating company into operating cum holding company to make downstream investments.

      13

      M/s Hiranandani Realtors Pvt. Ltd., Mumbai

      Conversion of operating company into an operating cum holding company to make further downstream investment.

      14

      M/s Lakepoint Builders Pvt. Ltd., Mumbai

      Conversion of operating company into an operating cum holding company to make further downstream investment.

      15

      M/s DNATA, UAE

      To set up a JV company to provide ground handling services for both domestic and international operators as well as cargo handling and related services.

      16

      M/s ABG Kandla Container Terminal Ltd.

      Conversion of operating company into an operating cum holding company to make further downstream investment.

      17

      M/s Broadband Pacenet (India) Pvt. Ltd., Mumbai

      Induction of foreign equity by way of subscribing to or acquisition of shares up to 74% equity of the company.

      18

      M/s NSK Holding Pvt. Ltd.

      Transfer, issue of equity shares and/ or compulsory convertible instruments into equity shares to Foreign Collaborator.  To acquire the status of foreign owned Indian holding company and to make downstream investment.

      19

      M/s JT International Mauritius Pvt. Ltd

      To increase in foreign shareholding from 50% to 74%.

      The following 1 (One) proposal has been rejected:

      Sl. No

      Name of the applicant

      Particulars of the proposal

      1

      M/s ICP Investments (Mauritius) Ltd. Mauritius 

      Transfer of Shares from NR to NR (repatriation of original investment before a period of three years from completion of minimum capitalization.

                  The following 1 (One) proposal has been withdrawn by the applicant.     

      Sl. No

      Name of the applicant

      Particulars of the proposal

      FDI/NRI inflows (Rs. In Crore)

      1

      M/s Indtech Construction Pvt. Ltd., New Delhi

      Transfer of rights attached with warrants exercisable into equity shares.

      25.40

      The following 01 (One) proposal has been noted as the applicant has invested at a time when there was no policy on FDI in commodity exchange.

      Sl. No

      Name of the applicant

      Particulars of the proposal

      FDI/NRI inflows (Rs. In Crore)

      1

      M/s Goldman Sachs Investments (Mauritius) I Ltd., Mauritius

      Ex-Post-facto approval for acquisition of equity shares representing 7% of the paid up and issued share capital and divestment of excess investment of 2% by June 30, 2009 to undertake the commodity exchange.

      No Fresh Inflow

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