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News 05 September 2026

 

What's New...

 

DGTR Recommends Higher Anti-Dumping Duty on Glufosinate from China after Anti Absorption Investigation Finds 46% in Export Price to Counter Anti-dumping Duty and MIP

Digitally Delivered Services Account for more than Half of Services Exports but Developed Countries Dominate with Poor Countries Lagging Behind

Belgium PM Seeks Antwerp Port to India in Forthcoming EU FTA

Hydroponic Ganja with 40 Percent THC Dominates Smuggling Market

Coal Ministry Claims Successful Launch of 37k crs Coal Gasification Scheme

Emergency Credit Line Guarantees Hit 2.50 Lakh crs as Govt Moved to Facilitate Easy Finance to MSME

EU Shuns Arctic Shipping as China and Russia Push Northern Sea Route

Trump Threatens to Halt Trade with Deficit Countries Unless Fed Cuts Interest Rates

U.S. Targets 17 Venezuelan Oil Fields in Ambitious Production Deal

China–Egypt Currency Swap Expansion Boosts Yuan Trade and Investment Push

 

04.09.2026

CBIC Prescribes Mandatory Document Checklists for Customs Clearance of Cosmetics, Drugs and Medical Devices

No Takers for Deferred Payment of Duty under Sec 47(1) of CA 1962, Board Forced to Simplify Scheme with 70% Cut GST Documents

Another Five Days for AA Holders to Convert Licence to TRQ for Domestic Sale with 5% GST Payment

National Assessment Centre (NAC) Portal to Promote Uniformity and Transparency in Customs Assessment, Valuation and Classification Launched, but Login Allowed only to Assessment Centre Officials

GeM–Textiles Committee MoU to Create Government Market for Recycled and Upcycled Textiles

Xi Visits Central Asia, Egypt to Woo Trade

Nvidia to Acquire Hugging Face for $12.9 Billion, Strengthening Its Open-Source A.I. Push

Oil Prices Rise for Fourth Straight Day as Hormuz Disruption Pushes Diesel Toward Record High

Quad Sherpas Meet in New Delhi to Advance Indo-Pacific Cooperation

U.S. Diesel Prices Hit Record $5.85/Gallon Amid Iran War and Global Fuel Supply Disruptions

U.S. Trade Deficit Surges 24% to $88.6 Billion in July as Data Centre AI Imports Soar

 

03.09.2026

GIFT IFSC Mobilises Over $52.8 Billion Through FCNR(B) Swap Facility, Strengthening India’s Global Banking Hub

Duty Free Timber Import Allowed from Bhutan after Methyl Bromide Fumigation and Heat Treatment

RBI Dispenses with Two Reporting Requirements for Reporting of Rupee Accounts for Authorised Dealer Banks

Piyush Urges Auto Component Industry to go Global even as Industry Complains High Price of Specialised Steel and Metal Inputs

Seven New FTAs and Deepening of East Asia Deals on the Anvil

BRICS IP Offices Adopt Updated Guidelines to Boost Innovation and Cooperation

India-Belgium Deepen Strategic Partnership with Focus on Trade, Defence, Technology and Green Energy

CCPA Fines Dial4Trade 10 Lakh for Listing Ammonium Nitrate Without Mandatory Safety Checks

Bangladesh’s Possible ‘Islamic NATO’ Entry Raises Strategic Concerns for India

APEDA Facilitates Export of 18 MT of Tripura’s Organic Ethnic Rice to Austria and Netherlands

Dutch Advisory Council Urges EU to Seek China Trade Deal While Preparing for Stronger Defences

Trump Imposes Tariffs of Up to 100% on Foreign-Made Drones, Intensifying China Supply-Chain Push

Trump’s Beef Policies Face Criticism as Imports Rise but Domestic Supply Takes Years to Rebuild

Chevron to Invest $7 Billion to More Than Double Venezuela Oil Output to 600,000 BPD

ByteDance Plans $119–143 Billion AI Data-Centre Expansion in Inner Mongolia

 

02.09.2026

Six Pillar Semicon 2.0 Scheme Notified for Six Year Duration Covering Both Domestic and International Companies, China Role Not Clarified

No Takers for Sugar TRQ, DGFT Invites Fresh Applications for Balance 2.03 Lakh MT Raw Sugar TRQ

SCMTR 2018 to Become Operational Across Ports from 1 September 2026 in Phased Manner

Implementation Dates for New Manifest Regulation Extended by Another Two Months to 31 Oct 2026 from 31 August 2026 in Most Customs Ports

SAED Windfall Tax on Petrol Raised to Rs. 1.5 per litre from Nil

ATF Export SAED Windfall Tax Cut to Rs. 19 per litre from Rs. 19.5 per litre

Diesel Road and Infrastructure Cess (RIC) Rate on Exports of Hiked to Rs. 1 per litre from Nil

Indo Aghan Talks on Trade Facilitation Held Without Talk on the Pak Factor Between the Two South Asians

G20 Finance Talks Expose Growing Rift Between Trump Administration and U.S. Allies

G20 Finance Meet in Carolina Results to Reach Joint Statement as China Rejects Criticism of Export Strategy

PM Modi Calls for Stronger Security, Connectivity and Cooperation at 26th SCO Summit

Description: SMM adopts Indian ferrous scrap prices featured imageShanghai Metals Market (SMM) Launches Daily Indian Ferrous Scrap Price Assessments

Strait of Hormuz Attacks Send Oil Prices Above $90 as Shipping Risks Escalate

Trump Administration Strikes Unusual Venezuela Oil Deal to Expand U.S. Control Over Vast Reserves

 

 

 

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Last Updated on 07-09-2026