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RoDTEP-backed exports grow at over 20% CAGR between FY24 and FY26


RoDTEP-backed exports grow at over 20% CAGR between FY24 and FY26

Exports supported under the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme are estimated to have grown at over 20 per cent compound annual growth rate between 2023-24 and 2025-26 despite global headwinds such as weak demand, freight volatility, rising protectionism and geopolitical uncertainties, PTI reported citing an official on Tuesday.At the same time, the scheme has helped broaden inclusion within the export ecosystem, the official added.Support to the MSME sector has increased from around 68 per cent in 2021-22 to about 75 per cent in 2025-26, with smaller firms dominating the beneficiary base across key sectors and gaining a cushion against cost pressures and margin compression, the official said.Introduced from January 1, 2021, the RoDTEP scheme aims to refund embedded central, state and local levies not covered under other duty exemption programmes, thereby providing Indian exporters a level playing field in global markets vis-à-vis competing economies.“The exports supported under RoDTEP are estimated to have recorded a CAGR of over 20% between FY 2023-24 and FY 2025-26,” the official said.Designed as a WTO-consistent remission mechanism, the government’s budget allocation under the scheme has increased from about Rs 13,854.4 crore in 2022-23 to Rs 18,232.5 crore in 2025-26. The FOB value of exports supported under RoDTEP has also risen from roughly Rs 13.16 lakh crore to Rs 20.50 lakh crore in 2024-25, according to the official.



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‘America will be paralyzed’: Iran issues ‘eye for a head’ to Trump if US hits infrastructure


'America will be paralyzed': Iran issues ‘eye for a head’ to Trump if US hits infrastructure

Iran issued an “eye for a head” warning to Donald Trump, saying the United States would face a harsher response if it attacks Iran’s infrastructure, as Tehran hardened its position on ending the war.Former Islamic Revolutionary Guard Corps commander Mohsen Rezaei said the war would continue until “all damages to Iran are compensated and sanctions on it are lifted. Also, we want international guarantees of US non-interference in the Islamic Republic’s internal affairs – this is a decision of our country’s people, Supreme Leader, and armed forces,” Fars news agency reported.Rezaei said that if Trump attacks Iran’s infrastructure, “it will no longer be an eye for an eye, but an eye for a head, a hand, and a foot,” warning, “America will be paralyzed.”Iran has hardened its negotiating stance amid the ongoing conflict, with senior officials in Tehran signalling that any move toward peace talks would depend on sweeping concessions from Washington.At the core of Tehran’s position is a firm insistence that any negotiations must first end the war, while also securing guarantees against future military action, compensation for wartime losses, and formal control over the strategically vital Strait of Hormuz.Trump said on Monday there were “major points of agreement” with Iran following discussions over the weekend, as the two sides continued talks amid the ongoing conflict.The US president also said the two sides were discussing a 15-point framework to end the conflict, adding that if the talks did not go well, “we just keep bombing our little hearts here.”Despite Trump’s claim that Washington had held “very, very strong talks” with Tehran more than three weeks into the conflict, Iranian officials have publicly denied any direct engagement.



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Govt bets on women-led growth to drive development agenda


Govt bets on women-led growth to drive development agenda

NEW DELHI: The government on Tuesday said that women-led growth will be central to the country’s development ambitions, even as policymakers and industry leaders called for stronger ecosystems to support women in innovation and entrepreneurship.Speaking at a summit organised by the women’s empowerment arm of the BRICS Chamber of Commerce and Industry, Minister of State for Youth Affairs and Sports Raksha Khadse said India’s goal of becoming a developed nation by 2047 would depend on greater participation of women and youth in economic activity.“India’s youth and women together form the backbone of a progressive nation. Empowering them with opportunities in innovation and entrepreneurship is key to nation-building,” she said.The three-day event, held in the national capital, brought together policymakers, industry representatives and global stakeholders to discuss cross-border collaboration and women’s leadership in science and business.Speakers at the summit underlined the need to move beyond discussions on inclusion to enabling access to finance, markets and decision-making roles. Debjani Ghosh, distinguished fellow at NITI Aayog and former Nasscom president, said the focus must shift from diversity metrics to influence and outcomes. “While diversity and inclusion have laid the foundation, the real measure of progress now lies in how many policies we (women) shape and how many key decisions we (women) influence. The focus must shift to impact, leadership and outcomes.”Ruby Sinha, president of BRICS Women Empowerment division said the Summit is a call to action as far as women empowerment is concerned. “It is our collective responsibility to build stronger ecosystems, enable greater access, and invest in women-led innovation.”Former minister Meenakshi Lekhi said the next phase of growth would require women to play a larger role in diplomacy, innovation and global engagement. Officials also highlighted the need for institutional support, including flexible work structures and childcare, to improve workforce participation.The summit also saw the signing of a partnership with Brazil’s micro and small business support agency SEBRAE to boost cooperation among women-led enterprises across BRICS economies.



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Rupee sinks 23 paise to all-time low of 93.76 vs US dollar as global risks mount


Rupee sinks 23 paise to all-time low of 93.76 vs US dollar as global risks mount

The rupee weakened by 23 paise to settle at an all-time low of 93.76 against the US dollar on Tuesday, pressured by a strengthening greenback and elevated global crude oil prices that dampened investor sentiment.Forex traders said continued foreign fund outflows amid uncertainties linked to the Middle East crisis also weighed on the domestic currency, PTI reported.At the interbank foreign exchange market, the rupee opened at 93.66 against the dollar and remained volatile through the session before closing at 93.76, down 23 paise from the previous close.The local unit had breached the 94 mark against the US dollar for the first time on Monday, though it eventually ended flat at 93.53.“Persistent FPI outflows continue to pressure INR. A strong US dollar is keeping emerging market currencies weak, and the INR has weakened by about 4.5 per cent during the month. The rupee range for Wednesday is expected to be 93.65 to 94.25,” said Anil Kumar Bhansali, Head of Treasury and Executive Director, Finrex Treasury Advisors LLP.US President Donald Trump on Monday said Washington was holding talks with a “respected” Iranian leader and claimed the Islamic Republic was keen to reach a deal to end the conflict. He also extended the deadline for Iran to reopen the Strait of Hormuz by five days.However, Iran denied the claims and ongoing hostilities in the region added to uncertainty, pushing up global crude prices.The dollar index, which measures the US currency’s strength against a basket of six peers, was trading 0.23 per cent higher at 99.18.Brent crude, the global oil benchmark, was quoting 1.45 per cent lower at USD 101.4 per barrel in futures trade.In domestic equities, benchmark indices ended sharply higher. The BSE Sensex surged 1,372.06 points, or 1.89 per cent, to close at 74,068.45, while the NSE Nifty rose 209.65 points, or 0.93 per cent, to 22,722.30.Foreign institutional investors (FIIs) offloaded equities worth Rs 8,009.56 crore on a net basis on Tuesday, according to exchange data.



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Coyle: ‘A positive step’: Taliban frees American academic Dennis Coyle after more than a year in detention


‘A positive step’: Taliban frees American academic Dennis Coyle after more than a year in detention

Taliban frees American academic Dennis Coyle after more than a year in detention (Picture credit: AP)

Afghanistan’s Taliban authorities on Tuesday released American academic Dennis Coyle, who had been held for more than a year, in a move welcomed by Washington but accompanied by renewed US demands for the return of other Americans still believed to be in the country.Afghanistan’s foreign ministry said Coyle was released in Kabul on the occasion of Eid al-Fitr, after an appeal from his family and after the Supreme Court considered his previous imprisonment sufficient. The ministry said the release was made on grounds of “humanitarian sympathy and goodwill”.

Release linked to Eid appeal and judicial review

The Taliban said Coyle, an academic researcher, had been detained since January 2025 and was freed after going through the judicial process.According to news agency AP, Afghan authorities had accused him of violating laws but never publicly specified which laws he had allegedly broken.The foreign ministry said Coyle had been released following an appeal from his family and after Afghanistan’s Supreme Court “considered his previous imprisonment sufficient”.The ministry also said Afghanistan believed such steps could “further strengthen the atmosphere of trust between countries” and expressed hope that Kabul and Washington would resolve remaining issues through “understanding and constructive dialogue”.

Taliban leader personally ordered release

According to The New York Times, Afghanistan’s leader Sheikh Hibatullah Akhundzada personally ordered Coyle’s release after his family wrote to him seeking a pardon for Eid al-Fitr.Coyle, 64, is from Colorado and had worked in Afghanistan for more than 20 years researching languages.Coyle family’s website said he had not been charged with a crime and was being held in “near-solitary conditions”. US State Department designated him as wrongfully detained in June.

Rubio welcomes release but says more Americans remain detained

US secretary of state Marco Rubio welcomed the release but made clear Washington still expects the Taliban to return other Americans.In a post on X, Rubio wrote, “Earlier this month, I met Molly, Amy, and Patti as they asked for help freeing their brother Dennis Coyle from detention in Afghanistan. Today, Dennis is on his way home. We thank the UAE and Qatar for their support. The release is a positive step towards ending the practice of hostage diplomacy.”In separate comments, Rubio said, “President (Donald) Trump is committed to ending unjust detentions overseas, Dennis joins over 100 Americans who have been freed in the past 15 months under his second term in office.”“While this is a positive step by the Taliban, more work needs to be done,” Rubio added, according to AP.Rubio also said, “We are still seeking the immediate return of Mahmood Habibi, Paul Overby, and all other unjustly detained Americans. The Taliban must end their practice of hostage diplomacy.”

Taliban rejects ‘hostage diplomacy’ charge

The release comes just weeks after the United States sharply escalated pressure on Kabul.Earlier this month, the US State Department designated Afghanistan as a sponsor of wrongful detention, accusing it of engaging in “hostage diplomacy”. Afghanistan was grouped alongside Iran as a country singled out for detaining Americans in hopes of extracting policy concessions.Afghanistan rejected that accusation.Afghan foreign minister Amir Khan Muttaqi said his country “has not arrested citizens of any country to achieve political goals” and insisted Coyle was released only after going through the judicial process for “violating the laws”.Rubio had designated Afghanistan a “state sponsor of wrongful detention” this month, accusing the Taliban government of “kidnapping individuals for ransom or to seek policy concessions”.

UAE and Qatar helped broker the release

Both sides acknowledged regional mediation in securing Coyle’s freedom.Rubio and Muttaqi thanked the United Arab Emirates for helping mediate the release, and said Qatar had also played a role.The Taliban’s foreign ministry said Muttaqi met in Kabul with former US Special Representative for Afghanistan Zalmay Khalilzad ahead of the release.Khalilzad travelled to Kabul for the handover and described Coyle’s release as a “very positive development” and a “good decision” by the Afghan government.Coyle left Afghanistan on Tuesday afternoon aboard a jet bound for the UAE, with UAE officials facilitating the transfer.

Focus shifts to other missing or detained Americans

Washington says other Americans remain unaccounted for in Afghanistan.The State Department said earlier this month the Taliban was believed to be holding at least four US nationals, including Coyle and Mahmood Habibi, an Afghan-American businessman who worked as a contractor for a Kabul-based telecommunications company.The FBI and Habibi’s family believe he was taken by Taliban forces in 2022, but Afghan authorities deny holding him.Habibi’s brother, Ahmad Habibi, welcomed Coyle’s release but said: “We hope that our family will soon have the same feeling of relief, when Mahmood is returned home to us.”Rubio mentioned Paul Overby, who is listed on the FBI’s missing persons website as having disappeared in Khost province in 2014 while researching a book.The New York Times identified him as Paul Edwin Overby Jr., a Massachusetts author last seen in southeastern Afghanistan.

Possible swap demand tied to Guantanamo detainee

A spokesperson for the Afghan government had said earlier this year Kabul was ready to release two US citizens, but wanted an Afghan detainee held at Guantanamo Bay freed in exchange.That detainee is Muhammad Rahim, who the US accuses of being an al-Qaida member and a courier and interpreter for Osama bin Laden, the paper said.Rahim’s lawyer, James G. Connell III, said on Tuesday: “Rahim is a 60-year-old man who has been imprisoned for 18 years without ever being charged with a crime. He is no threat to anyone, and should be released from Guantánamo.”One of Rahim’s sons, Muhammad Ibrahim Rahimi, attended Coyle’s release at Kabul airport and asked Khalilzad to deliver a letter to Donald Trump seeking his father’s release, reported The New York Times.Coyle’s release comes against the backdrop of deeply strained US-Taliban relations since the Taliban returned to power in 2021 after the chaotic withdrawal of US troops, nearly 20 years after they were first ousted in the US-led invasion following the 9/11 attacks.While Tuesday’s release may ease tensions slightly, Washington’s statements and the unresolved cases of other Americans suggest the issue of detentions will remain a central flashpoint in US-Afghanistan relations.



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Tamil Nadu assembly election: Alliances take shape amid AIADMK-DMK contest – spotlight on previous performance | India News


Tamil Nadu assembly election: Alliances take shape amid AIADMK-DMK contest - spotlight on previous performance

NEW DELHI: With the Tamil Nadu assembly election approaching, political activity in the state has intensified, with major alliances consolidating and parties recalibrating strategies based on past performance and evolving voter dynamics. The contest is expected to once again centre around the DMK-led alliance and the AIADMK-led NDA front, though the BJP is attempting to expand its footprint.The AIADMK on Monday finalised seat sharing with its key allies, allotting 27 seats to the BJP, 18 to the PMK faction led by its president Anbumani Ramadoss, and 11 to TTV Dhinakaran-led AMMK, wrapping up negotiations among major constituents of the opposition front for the assembly polls.In the 2021 Tamil Nadu assembly election, the Dravida Munnetra Kazhagam (DMK)-led alliance secured a decisive victory, winning 159 out of 234 seats, returning to power after a decade. The DMK itself won 133 seats with a vote share of around 36.8%. Its principal ally, the Indian National Congress (INC), won 18 seats with a vote share of about 4.4%.On the other side, the All India Anna Dravida Munnetra Kazhagam (AIADMK)-led alliance managed 75 seats, with the AIADMK winning 66 seats and securing roughly 33.3% vote share. The Bharatiya Janata Party (BJP), contesting as part of the AIADMK alliance, won 4 seats with a vote share of approximately 2.6%.Smaller players also played a role in shaping outcomes. The Pattali Makkal Katchi (PMK) secured 5 seats, while the Viduthalai Chiruthaigal Katchi (VCK), aligned with DMK, won 4 seats. Left parties including the Communist Party of India (CPI) and Communist Party of India (Marxist) (CPI(M)) won 2 seats each, contributing to the DMK-led bloc’s overall tally.The vote share split highlighted a bipolar contest, with the DMK-led alliance collectively polling close to 45%, while the AIADMK-led front secured around 39%, indicating a relatively consolidated anti-incumbency vote against the then AIADMK government.As the state heads into the next election cycle, alliances are once again fluid. The DMK is expected to retain its core coalition with Congress, Left parties, and VCK, banking on welfare schemes and governance record. The AIADMK, meanwhile, is navigating internal challenges and alliance uncertainties, particularly after shifts in its relationship with the BJP.The BJP, despite its modest vote share, is attempting to emerge as a more influential player by contesting on more seat this time aiming to convert its incremental vote gains into seats.What is at stake in the upcoming election is not just power in one of India’s most politically distinct states, but also the future trajectory of Dravidian politics, which has historically resisted national party dominance. While the DMK will seek to defend its mandate, the AIADMK faces the challenge of rebuilding leadership coherence, and the BJP will test whether its expansion strategy can disrupt Tamil Nadu’s entrenched political binary.



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SWOT analysis of Gujarat Titans: GT’s report card ahead of IPL 2026


After a rollercoaster 2025 season that saw them finish third in the league stage only to suffer a heartbreaking exit in the Eliminator, the Gujarat Titans (GT) enter IPL 2026 with a sense of unfinished business. Under the steady leadership of Shubman Gill and the tactical mentorship of Ashish Nehra, the Titans have opted for continuity over chaos.

By retaining their core and making surgical additions like Jason Holder and Tom Banton in the mini-auction, GT have signaled that they believe their championship DNA is still intact. As the world’s largest cricket stadium in Ahmedabad prepares to roar again, the Titans look like a team primed to transition from contenders back to champions.

Can Gujarat Titans turn things around this season?

Last season, GT were a powerhouse in the league phase, fueled by a historic Orange Cap run from Sai Sudharsan (759 runs) and a stellar 650-run contribution from Gill. However, their Achilles’ heel was a middle-order that often crumbled when the top three failed to fire.

To turn things around in 2026, the Titans have addressed two major “if factors”:

  • Bowling depth: The addition of Holder and Luke Wood provides insurance for a pace attack that, while elite, has occasionally struggled with injuries.
  • The Rashid factor: Rashid Khan had a statistically quiet 2025. For GT to go all the way, they need their Afghan maestro to rediscover his “mystery” and stifle batters in the middle overs.

With Matthew Hayden joining as the new batting coach, there is a clear strategic shift toward more aggressive middle-order play, which could be the final piece of the puzzle.

Also READ: SWOT analysis of Chennai Super Kings: CSK’s report card ahead of IPL 2026

Gujarat Titans SWOT analysis ahead of IPL 2026

Strengths

  • Elite top-order engine: In Gill and Sai Sudharsan, GT possesses arguably the most consistent opening duo in the league. Adding Jos Buttler at number three gives them a ‘Triple Threat’ that can take the game away from any opposition within the Powerplay.
  • Formidable Indian pace battery: The trio of Mohammed Siraj, Prasidh Krishna, and Ishant Sharma provides a wealth of experience and ‘hard-length’ bowling that suits the bouncy tracks in Ahmedabad.
  • The finishing icemen: Rahul Tewatia and Shahrukh Khan remain one of the most dangerous finishing pairs. Their ability to snatch victory from the jaws of defeat is a psychological edge GT holds over most teams.

Weaknesses

  • Middle-order fragility: Beyond the top three, there is a significant drop-off in terms of consistent run-scoring. If Gill, Sudharsan, and Buttler are dismissed early, the pressure on Glenn Phillips and Washington Sundar to anchor the innings becomes immense.
  • Rashid Khan’s diminishing returns: Analysts have noted that batters are becoming more comfortable playing out Rashid’s overs. If he cannot pick up wickets in the middle phase, GT’s defensive shield begins to crack.

Opportunities

  • Glenn Phillips’ redemption: After missing most of last season due to injury, Phillips is back. His superman antics in the field and explosive T20 pedigree at number four or five could solve GT’s middle-order woes.
  • Emerging talents: Players like Kumar Kushagra and Nishant Sindhu have been waiting in the wings. IPL 2026 could be the breakout year where these youngsters transition into household names.
  • Strategic impact player use: With a squad deep in all-rounders (Holder, Sundar, Tewatia), GT has the flexibility to exploit the Impact Player rule better than most, potentially playing an extra specialist bowler without sacrificing batting depth.

Threats

  • Over-reliance on the top three: A bad day at the office for the big three (Gill, Sudharsan, Buttler) could lead to low totals, putting unbearable pressure on the bowlers.
  • Jos Buttler’s form: Buttler enters 2026 following a lean patch in international cricket. If the ‘Boss’ doesn’t find his rhythm early, GT loses its primary intimidator in the top order.
  • Fatigue and injuries: With a pace-heavy attack involving Siraj and Krishna—both of whom have history with workloads—managing fitness across a grueling 14-match season will be a tightrope walk.

Also READ: SWOT analysis of Delhi Capitals: DC’s report card ahead of IPL 2026



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CSK bring in Australian pacer as replacement for injured Nathan Ellis | Cricket News


CSK bring in Australian pacer as replacement for injured Nathan Ellis
Nathan Ellis (Photo by PTI)

NEW DELHI: Chennai Super Kings (CSK) have made a late squad change ahead of IPL 2026 after Australian pacer Nathan Ellis was ruled out due to a hamstring injury. Ellis, who was expected to lead the bowling attack, leaves behind a significant gap just before the season begins.CSK have now signed Australian fast bowler Spencer Johnson as his replacement for Rs 1.5 crore.

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Impact Player Rule: Game-changer or all-rounder killer?

Johnson brings some international experience, having played limited-overs cricket for Australia, and has also featured in the IPL earlier with Gujarat Titans and Kolkata Knight Riders.Ellis’s absence is a big blow for CSK, especially with the team already missing key pacer Matheesha Pathirana. He had been retained for Rs 2 crore and had a decent IPL record, picking up 19 wickets in 17 matches. His experience was expected to be crucial for the team’s pace attack this season.Earlier, there was uncertainty around the replacement, with a franchise official saying, “Yes, he is out. We have not yet decided on the replacement,” indicating the team was still working on a solution.With Johnson now coming in, CSK will hope he can step up and fill the void left by Ellis. While he may not have the same IPL experience, his international exposure and pace-bowling ability could prove valuable as the team looks to stay competitive in the new season.



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