Counter-terrorism cooperation urged globally as diplomatic delegations call for united response and zero tolerance for cross-border terrorism.
Diplomatic and parliamentary interlocutors affirmed unified condemnation of terrorism and called for collective international measures to combat transnational violent extremism. The Indonesian PAN leadership and resident ambassadors expressed support for India's position that religion and race cannot justify exporting terrorism. The Indian all party delegation communicated a policy of zero tolerance and described its calibrated response, Operation Sindoor, while seeking cooperative political and diplomatic measures to uphold regional peace and security.

Multimodal connectivity under PM GatiShakti: infrastructure proposals evaluated to enhance regional transit and airport access.
The Network Planning Group evaluated four metro extensions and one Greenfield airport proposal for alignment with the PM GatiShakti National Master Plan, focusing on multimodal connectivity, last mile integration, and intermodal coordination to reduce travel time, ease urban congestion, enhance airport access, and stimulate regional economic and commuter benefits through targeted interchanges and terminal/airside infrastructure.

Digital transformation of PSGICs drives AI claims systems and product innovation to enhance service delivery.
PSGICs are directed to implement a time-bound digital transformation including AI-driven claim settlement, leverage advanced data analytics for pricing and claims modelling, develop innovative products for emerging risks including cyber fraud, strengthen underwriting and portfolio optimisation to align combined ratios with global benchmarks, and enhance customer-centric measures such as prompt grievance redressal, social media engagement, and Account Aggregator integration with end-to-end digital KYC; strategic collaborations and regular progress reviews are mandated.

Drug seizure under NDPS Act: concealed heroin and methamphetamine intercepted in truck cavities, four traffickers arrested.
Seizure operations under the NDPS Act intercepted heroin and methamphetamine concealed in specially fabricated cavities on trucks in Manipur and Assam; DRI, with Assam Rifles assistance, recovered multiple packets and arrested four suspected traffickers as part of an ongoing regional enforcement campaign.

Merger control: approval of combination between Jumbotail and Solv involving acquisition and multiple share subscriptions.
Approval is granted for a proposed combination where JTPL will acquire 100% of SCRTIPL and issue and subscribe shares to SC Ventures, Solv-India, SCV Master, Artal Asia and founders, creating new investor and holding relationships; JTPL operates an online wholesale marketplace and SCRTIPL operates the Solv B2B platform, while several investor and holding entities have indirect or no direct business activity in India and founders will backstop certain investment obligations.

Merger clearance granted for acquisition transferring control of a driveline and metal components supplier, enabling consolidation in the sector.
The Commission approved the proposed acquisition by American Axle & Manufacturing Holdings, Inc. of sole control of Dowlais Group plc through acquisition of the entire issued and to be issued ordinary share capital. The Acquirer and Target both operate in the design, manufacture and supply of drive transmission and metal automotive components, with the Target additionally engaged in sintered metal products, atomised metal powders and additive manufacturing.

ITR filing deadline extension to facilitate revised forms and updated e filing utilities for non audit taxpayers.
The tax administration extended the ITR filing deadline for individuals, HUFs and non audit entities to allow incorporation of structural and content revisions in ITR forms and to permit development, integration and testing of updated e filing utilities and back end systems, noting enhanced reporting requirements and the timing of TDS credit entries that would otherwise compress the filing window.

Extension of ITR filing deadline grants taxpayers additional time to file returns amid ITR revisions and system rollout.
Extension of the due date for filing Income Tax Returns moves the original July deadline to September to accommodate structural and content revisions in the notified ITRs and to allow time for development, integration, and testing of ITR utilities; the measure also addresses delayed reflection of TDS credits and aims to safeguard the integrity and accuracy of the return filing process.

Due date extension for income tax return filing granted to non audited taxpayers to accommodate revised ITR forms and system updates.
The due date for filing income tax returns for AY2025 26 is extended to September 15 for individuals, HUFs and non audited entities to allow additional time for system development and testing following structural revisions to ITR forms. Notified changes permit certain long term capital gains from listed equities to be reported in ITR 1 and ITR 4, revise deduction reporting (including 80C and 80GG) with dropdown selections, and require section wise TDS details; TDS credits are expected to begin reflecting in early June.

ITR filing deadline extended to accommodate extensive ITR form changes and system readiness, easing taxpayer compliance.
The CBDT has extended the due date for filing ITRs for AY 2025-26 for non audit taxpayers from the original July deadline to a later September deadline to accommodate extensive changes in notified ITRs and allow time for system readiness and rollout of updated ITR utilities, aiming to facilitate a smoother filing experience.

Market-linked wealth creation combines life protection and flexible fund switching with tax benefits for long-term financial goals.
Tata AIA Param Raksha Life Pro+ combines investment-linked wealth creation through a range of market-linked funds with comprehensive life protection. Key operative features include unlimited free fund switching, a high sum assured death benefit, advance payout for terminal illness, accidental disability and accidental death covers, and return of premiums options. The product is presented as addressing long-term financial goals while offering tax benefits and flexibility for policyholders.

Project monitoring to resolve land acquisition and forest clearance bottlenecks, urging portal use for timely infrastructure implementation.
The PMG under DPIIT reviewed bottlenecks in mega infrastructure projects in Andhra Pradesh and Tamil Nadu, prioritizing resolution of land acquisition and forest clearance issues through coordinated inter-ministerial and inter-governmental action. Project proponents were urged to use the PMG portal for raising and tracking implementation issues, while stakeholders were directed to strengthen institutional oversight and time bound monitoring to expedite statutory clearances and project execution.

Survey Methodology advances strengthen data-policy linkages and collaboration between producers and users for improved economic statistics.
The National Statistics Office, in collaboration with the Indian School of Business, is holding a Data User's Conference to present ASUSE 2023-24 and the Forward-Looking CAPEX survey, focusing on sampling design, coverage, methodological innovations, sectoral trends, and enterprise behaviour. Technical sessions and a multi-expert panel will examine the surveys' policy relevance, propose measures to enhance data quality, address gaps, and strengthen producer-user collaboration to improve the national statistical framework and support forward-looking economic analysis.

Inoperative accounts rules: public consultation open on proposed amendments to banks' handling of unclaimed deposits.
The regulator has published a draft circular amending the Revised Instructions on Inoperative Accounts/Unclaimed Deposits, altering guidance referenced at paragraph 6.1. The draft proposes changes to banks' operational treatment of inoperative accounts and unclaimed deposits and invites public comments, to be submitted via the specified online portal or by written/email submission to the Chief General Manager, Business Conduct Group, Department of Regulation at the central office.

KYC periodic updation: RBI seeks public comments on proposed amendments to KYC updation instructions.
Reserve Bank of India published a draft circular revising instructions on KYC periodic updation, amending paragraph 38 of the Master Direction - Know Your Customer (KYC) Direction, 2016 through the proposed Reserve Bank of India (Know Your Customer (KYC)) (Amendment) Directions, 2025. The Bank seeks public and stakeholder comments on the draft until June 6, 2025, with submissions via the 'Connect 2 Regulate' portal or by post/email to the Chief General Manager, Business Conduct Group, Department of Regulation, Reserve Bank of India, Mumbai.

Green innovation hackathon promotes sustainable cement and construction solutions, offering incubation, mentoring and commercialization support.
A national-level "CemHack for Green Infra" hackathon, organised by the NCB Incubation Centre under DPIIT, creates a two-track platform for startups, professionals, students and academia to develop and commercialize sustainable solutions in the cement and construction sector. Themes include Green Cement, Green Process, Green Concrete, Carbon Capture and Storage, Logistics and Supply Chain, and Net Zero targets. Participation is free; winners receive cash rewards and incubation or mentoring opportunities at NCB-IC, with public registration provided to link innovations to commercialization and institutional R&D support.

Tea industry branding and promotion urged to boost exports and youth engagement through innovation and quality initiatives.
A convention at Vanijya Bhawan convened officials and stakeholders to promote Indian tea through enhanced branding, marketing, and product innovation aimed at exports and youth markets; sessions stressed tea literacy, quality control, sustainability, and inclusive engagement of producers, exporters, small tea growers and FPOs, with an on-site Tea Appreciation Zone for sampling and stakeholder showcases.

Trade facilitation partnership accelerates customs testing modernization, capacity building, and faster clearances to improve ease of doing business.
Memorandum of Understanding establishes a collaboration to modernize CRCL's analytical infrastructure, develop rapid and automated testing protocols, and implement trace level detection and high end instrumentation to expedite customs clearance. The agreement provides for joint research, technology transfer to regional labs, co development of standard operating procedures and reference materials, capacity building through joint training and mentorship, and the creation of Centres of Excellence in areas including narcotics analysis, environmental monitoring, and quality assurance to align practices with international customs standards.

Regional productivity leadership: India to chair APO, advancing digital transformation, sustainability, and green productivity agendas.
India has assumed the 2025-26 Chairmanship of the Asian Productivity Organization and will steer the APO agenda toward digital transformation, sustainability, innovation, and entrepreneurship while reaffirming support for APO Vision 2030 and Green Productivity 2.0. India emphasised capacity building through the National Productivity Council, which engages Indian professionals in APO programs and implements demonstration projects including Green Productivity and Industry 4.0 applications for MSMEs, and framed these efforts within the Governing Body's mandate to set strategic direction and review Secretariat performance.

Competition approval granted for acquisition of minority stakes in Bajaj Allianz insurance and distributor entities by Bajaj group.
The Competition Commission of India approved a proposed combination in which Bajaj Finserv, Bajaj Holdings & Investment and Jamnalal Sons will acquire specified minority equity interests in Bajaj Allianz Life and Bajaj Allianz General from Allianz SE, and Bajaj Finserv will acquire a half interest in Bajaj Allianz Financial Distributors, transferring minority ownership in two insurance joint ventures and their distribution arm to the Bajaj group.