To deliver speed to exporters customs rules must be recast: Revenue secretary Arvind Shrivastava

Indian exporters need faster and more reliable customs procedures. Revenue Secretary Arvind Shrivastava emphasized this need as India expands its global trade. He stated that customs administration facilitates economic growth and enhances competitiveness. The reforms focus on trust in stakeholders and technology. This shift aims for partnership and cooperation with industry.

India and Israel have deepened their strategic partnership as Prime Ministers Narendra Modi and Benjamin Netanyahu unveiled a slate of new initiatives. The two nations will expand cooperation in defense, trade, innovation, and energy, while also pursuing joint projects in space technology and digital payment systems—signaling a pivotal upgrade in bilateral ties.

Shares of major Indian solar manufacturers such as Waaree Energies, Premier Energies and Vikram Solar fell sharply on the bourses as investors priced in potential export headwinds.

India and the European Union will hold technical discussions on the EU’s Carbon Border Adjustment Mechanism. The mechanism will not have exceptions for any country, including India. This comes despite a new Free Trade Agreement between the two sides. India’s carbon-intensive exports may face additional costs.

Nepal’s soybean oil exports to India saw a massive jump in 2025. Duty-free access allowed Nepal to send record amounts of refined oil to India. This surge helped Nepal’s total exports to India double. However, it created challenges for Indian refiners who pay import duties. Nepal’s share of India’s soybean oil imports increased significantly.

India has signed nine free trade agreements with 38 nations, opening up access to almost two-thirds of global markets. These pacts will boost Indian goods, services, and talent mobility. Discussions are underway for new agreements, including with Canada. The nation’s youth and skilled manpower are seen as key growth drivers. Artificial intelligence is expected to […]

India occupies a relative middle ground following the latest tariff developments by the United States, but any uniform tariff hike under Section 122 could increase its tariff exposure and erode some of the advantages gained through earlier negotiations, according to a report by Union Bank of India.

Textile and vehicle exporters face tighter margins and working capital challenges after the government halved RoDTEP tax refunds. This decision, impacting cotton textiles, yarn, and two-wheelers, could hinder export growth and profitability. Companies are appealing for the restoration of earlier rates to avoid financial losses on existing shipments and contracts.

India is undertaking a significant exercise to identify gaps in its manufacturing sector. The government is mapping commonly procured goods to understand import reliance. This initiative aims to boost local production and reduce dependence on foreign supplies. A consolidated procurement plan for these items will be developed.