Blog

The Ayush Export Promotion Council (AYUSHEXCIL) observed its 4th Establishment Anniversary today in New Delhi in India’s efforts to promote exports of traditional systems of medicine and wellness products.

Since its formation, AYUSHEXCIL has undertaken several initiatives focused on capacity building of exporters, facilitation of export procedures and regulatory compliance, and the organisation of B2B meetings, international exhibitions, seminars, and outreach programmes in key overseas markets.

Exports of AYUSH and herbal products have registered a growth of 6.11 per cent, increasing from USD 649.2 million in 2023–24 to USD 688.89 million in 2024–25. Following the establishment of AYUSHEXCIL, this growth has accelerated, reflecting enhanced global outreach and rising international demand for India’s traditional medicine and herbal products.

India’s traditional medicine systems (AYUSH) have also received formal recognition in bilateral trade agreements, including the India–Oman CEPA and the India–New Zealand FTA, with dedicated annexes on health-related services and traditional medicine. AYUSHEXCIL has been entrusted with anchoring the Ayush Quality Mark programme of the Ministry of Ayush, launched by the Hon’ble Prime Minister during the 2nd WHO Summit on Traditional Medicine (17–19 December 2025), marking a key milestone in strengthening quality assurance and global recognition of AYUSH products.

As AYUSHEXCIL enters its fifth year, the Council aims to further strengthen international cooperation, leverage opportunities under Free Trade Agreements, promote quality and certification frameworks, and enhance global acceptance of India’s traditional systems of medicine.

The anniversary underscores India’s growing leadership in the global AYUSH and wellness economy, aligned with the vision of Atmanirbhar Bharat and Make in India.

AYUSHEXCIL was registered as a Section 8 company with the Registrar of Companies, New Delhi, on 4 January 2022, and was formally launched by Prime Minister Shri Narendra Modi during the Global AYUSH Investment and Innovation Summit held in Gandhinagar, Gujarat, on 20 April 2022. Subsequently, the Council was notified by the Directorate General of Foreign Trade (DGFT) on 31 July 2023 as the nodal Export Promotion Council for the AYUSH sector.

The Council functions in consultation with the Ministry of Ayush, with support from the Ministry of Commerce & Industry, to oversee exports of products and services related to Ayurveda, Yoga & Naturopathy, Unani, Siddha, Sowa-Rigpa, Homeopathy, and other Indian traditional healthcare systems.

Bombay Chamber submits Pre-Budget Memorandum on Direct Tax for FY 2026–27

Mumbai: The Bombay Chamber of Commerce and Industry, through its Direct Tax Committee, has submitted its Pre-Budget Memorandum on Direct Tax for FY 2026–27.

The memorandum, based on member inputs, is divided into two parts:

Part A – Issues requiring legislative amendments

Part B – Non-legislative issues addressable by CBDT through Rules, Notifications, or Circulars

The Chamber welcomed the Government’s landmark Income-tax Act, 2025, which will replace the Income-tax Act, 1961 from April 01, 2026. The new law simplifies tax provisions, removes redundancies, and presents the statute in clear, accessible language while retaining the core policy framework.

The Chamber noted that the upcoming Budget offers an opportunity to refine the new Act before implementation, with measures to reduce litigation and ease compliance.

Key recommendations aim to:

• Strengthen India’s private investment ecosystem
• Provide tax certainty
• Address procedural challenges
• Minimise litigation
• Enhance ease of doing business

These proposals, aligned with the Government’s policy of moderate progressive tax rates and minimal incentives, are positioned as tax enablers to support India’s vision of Viksit Bharat by 2047.

Central Government publishes FAQs on Labour Codes..

They can be viewed on: https://labour.gov.in/en

Draft Occupational, Safety, Health & Working Conditions Code (Central) Rules, 2025 published inviting public comments

Notification attached.

Draft Industrial Relations Code (Central) Rules, 2025 published inviting public comments

Notification attached.

Draft Social Security Code (Central) Rules, 2025 published inviting public comments.

Notification attached.

Draft Code on Wages (Central) Rules, 2025 published inviting comments/suggestions within 45 days

Notification attached

Paid Holiday for voters on 15.1.26 for elections in 29 Municipal Corporations in Maharashtra.

Notification attached.

Denial Of Permanency To HIV Positive Employee Violates Articles 14 & 16 Of Constitution

Judgement attached