India expands aviation fuel definition to include ethanol blends
→ATF suppliers must certify fuels to IS 17081 before supply; non-compliant shipments risk seizure
Economic Times
226 briefs · 1 new
India enacts emergency measures to secure fuel and raw-material supply chains
→Importers must apply zero-duty classifications and halt restricted chemical exports immediately
India’s MeitY mandates transaction blocks on banned online gaming platforms
→Payment teams at banks must block transactions to authority‑banned gaming platforms
India's Department of Fertilizers restricts surplus ammonia sales to fertiliser producers
→API procurement teams cannot source surplus ammonia from urea plants
India's DGFT limits interest subvention to micro and small iron‑steel exporters; restricts Grade A/B Baryte exports
→Micro and small exporters must file DGFT‑eligible export‑credit claims to receive subvention
India's public sector insurers create maritime insurance pool with $1.5bn sovereign backstop
→Ship operators must hold pool-issued hull and P&I cover for conflict-zone voyages
India establishes ₹12,980 crore sovereign maritime insurance pool
→Sovereign-backed marine cover becomes available for India-linked voyages
India authorises 15 banks for gold and silver imports under DGFT approval regime
→Bullion imports blocked without DGFT bank authorisation; unapproved cargo held at ports
India expands RELIEF export-insurance scheme to Jordan and Egypt
→Exporters with new ECGC policies can access higher RELIEF insurance cover
India relaxes wheat procurement norms for Punjab and Chandigarh
→District procurement officers must accept wheat up to 70% lustre loss and 15% shrivel
USA threatens secondary sanctions on buyers of Iranian oil
→Correspondent banks face secondary sanctions if they process Iranian oil funds
USA ends sanctions waivers for Russian and Iranian oil
→Refiners with Russian or Iranian crude bookings lose waiver protection for those cargoes