Rupee Export Payments Rules Eased

🔹 DGFT allows invoicing & settlement in INR for non-ACU countries
🔹 Rupee receipts via banks to get same FTP benefits as forex
🔹 Aim: Boost INR trade, help dollar-short nations

🔗 Economic Times

#Policy #NWO

🇨🇦 Canada suspends Trade Negotiation with USA

Move comes as US imposes 50% Tariffs on Canadian Goods worth $28 billion.

Canada says we have preferential access with 1.5 Billion People and we aim to double it by the end of 2026 (India - Canada wants to conclude FTA by December 2026)

#Geopolitics

#ISRO will not make any launch vehicle, all tech to be handed to private sector says In #Space Chief

https://t.co/PdfEtr5i2C

NITI Aayog report titled Reimagining Skilling for Viksit Bharat@2047 shows that 8.7 crore (87 million) young Indians aged 15 to 29 are classified as NEET (Not in Education, Employment, or Training), making up about 11% of this age group.

#DYK

Pakistan deploys 3 Army companies in Rawalpindi for six months to handle "sensitive security duties" #IndianSubcontinent

Govt plans to integrate AI into e-MARG system. GPS-enabled dashcam footage will replace manual photos for inspections. AI to classify roads as good/fair/poor, running parallel with human checks. Focus shifts to maintenance after 8 lakh km built under PMGSY. Aims for better transparency & longer-lasting rural connectivity. #Policy #Infra

EAM Dr S Jaishankar to travel to Russia on 23-24th August. #ForeignAffairs

IT Minister Ashwini Vaishnaw says three homegrown firms are in talks for the ₹62,500-cr Mobile Phone Manufacturing Scheme. Focus: Indian-owned IP (51% domestic control). New brand expected to launch next year in high-volume segment. Incentives include 5% on sales + R&D support. Chinese brands currently hold ~68% share. #Policy #Tech #MakeinIndia

UP Dy. CM Brajesh Pathak said on the reservation reform movement issue -

In the next two days, we will present the students' demands before the central leadership and arrange for them to meet the Cabinet minister.

Amara Raja Energy & Mobility is building own NMC battery expertise after Gotion partnership hit roadblocks due to China’s tech transfer curbs.

Firm Hiring global talent from Tesla, Solid Power & others. 16 GWh plant in Telangana; 2 GWh NMC cells to start production by mid-2027, focusing first on BESS. #Tech #Batteries #Aatmarnirbharbharat

LG Electronics India is pushing exports (now 6% of sales, reaching 50 countries) and B2B products (system ACs, commercial displays) as key growth drivers.

Aims to turn India into a global manufacturing hub. New ₹5,000 cr Sri City plant to start by year-end for ACs, fridges & washers, with export focus. #Exports #Electronics

Govt's easing of Press Note 3 rules has brought in ₹4,896 crore FDI across 29 projects, mainly in IT, AI, manufacturing, pharma, data centres, and transport. #Policy #Economy

Source

Kitchen On Camera: Ahemdabad Municipal Corporation(AMC) New Rule For 11K Eateries 📹

🔹 AMC asks eateries to install CCTV inside kitchen
🔹 Live feed must be visible to customers in dining area
🔹 Aim: hygiene transparency & trust
🔹 11k+ outlets under health dept scanner in Ahmedabad

🔗 TOI

JSW Steel, India’s top iron ore importer, plans to phase out imports as domestic mines ramp up. Currently 40% from captive mines.

Will bid for more mines, invest in logistics & pipelines. Capacity to rise to 55 mt by 2030.

Goal: cut global price risks & boost domestic share. #MakeinIndia #Economy

At the ET World Leaders Forum, EAM S Jaishankar, when asked about the Saudi-Pakistan MECCA defence pact,

He said when you call something a defence pact, you have to look at whether the signatories had live military situations and whether anyone came to their aid, and "not everybody has come to everybody's aid." So the report of the pact doing nothing in a real crisis is the answer, comparisons are not fair/relevant, and while India notes any defence/tech cooperation between unfriendly players, he won't publicly bare his strategic calculus.

#GeoPolitics

At The Economic Times World Leaders Forum, EAM S Jaishankar argued that

politics suffers from amnesia and criticism that India has "lost" its neighbourhood is a political fantasy. Citing a recent poll where 79% Sri Lankans viewed India favourably despite the difficult IPKF period, he said problems existed even before - Indian company expelled in Maldives, anti-India terrorists sheltered in Dhaka, anti-India politics in Nepal during and after the monarchy. Such ups and downs are natural for a big country with smaller neighbours, and the best fix is deeper economic cooperation and mutual dependence that stabilises ties, though it won't solve everything.

#GeoPolitics

Goyal Pitches Singapore As Agri-Export Hub 🌾

🔹 APEDA-FairPrice roadshow at City Square Mall to push Indian agri & processed foods
🔹 Products: organic, fresh/frozen fruits & veggies, dairy, cashew, rice, millet
🔹 Singapore as springboard to ASEAN & Australia markets
🔹 Visit part of 4th India-Singapore Ministerial & Business Roundtable
#Economy #Exports #Agriculture

🔗 Economic Times

Escorts Kubota invests Rs 2,000 crore in a new Uttar Pradesh plant to manufacture tractors, farm implements, and construction equipment for international markets.
#automobile #MakeinIndia
source

India's First Large-Scale Sugarcane-Based Biopolymer Plant In UP Nears October Launch

🔹 ₹3,080 cr plant by Balrampur Chini Mills at Kumbhi, — 80,000 TPA capacity
🔹 World's first fully integrated site: sugarcane to PLA bioplastic on single campus
🔹 Powered by 100% renewable energy, Zero Liquid Discharge system — no waste to rivers
🔹 To replace banned single-use plastic — trays, cutlery, straws, curd cups, bottles. #MakeinIndia #
#Industries

🔗 Swarajya

NIA is set to serve summons to Pakistan backed Terrorist Group Lashkar-e-Taiba Chief Hafiz Saeed through diplomatic channels in Lahore in the Pahalgam terror attack case. #IndianSubcontinent

🇮🇷🤝🇮🇶 Reports says Iran has approved the passage of several Iraqi oil tankers through the Strait of Hormuz after Baghdad made repeated requests via multiple diplomatic channels.

#InternationalNews