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    Calcutta HC says voter ID, Aadhaar, PAN not proof of Indian citizenship
    Corporate Mitra Scheme Awareness Webinar organized by IICA Shillong, Ministry of Corporate Affairs witnessing overwhelming participation of youth and ...
    CCI approves amalgamation of Go Digit Infoworks Services, holding company of Go Digit General Insurance Ltd, with Go Digit General Insurance Ltd, such...
    CCI approves acquisition of units of Oaktree capital group Holdings, L.P. (OCGH), and Oaktree Equity Plan, L.P. (OEP) by Brookfield Asset Management L...
    Assam Exports First International Consignment of Purabi Ice Cream to Bhutan
    Building Deep and Resilient Financial Markets for a Viksit Bharat - Keynote Address delivered by Shri Rohit Jain, Deputy Governor at the Financial Ins...
    RBI issues Draft (Securitisation Transactions) Amendment Directions
    Rupee rises 5 paise to 95.77 against US dollar in early trade
    Woman GST officer, consultant caught taking Rs 60,000 bribe in Maharashtra's Jalna
    Zelenskyy has 'good meeting' with Trump at White House as he seeks more cooperation with US
    Creation of separate ministry infused new energy in India's cooperative movement: Amit Shah
    Railways operates first-ever direct freight train from Kolkata Port to Nepal's Biratnagar
    Haryana Cabinet approves housing, EV, MSME and governance reforms
    SC slams CBI, Delhi Police EoW over silence in Indiabulls probe, calls their conduct 'shocking'
    Govt introduces Bill in RS to tackle payment delays faced by MSMEs
    Regional Rural Banks (RRBs) Post Highest-Ever Net Profit of Rs. 10,177 Crore in FY 2025–26, show consistent improvement in other key financial param...
    Gross Non-Performing Assets (GNPA) of Public Sector Banks (PSBs) at historic low of 1.9% in FY 2025-26, achieve highest-ever net profit of ₹ 1.9...
    India's Toy Exports Soar 89.1%, Reflecting Strong Growth in Domestic Manufacturing
    India's Exports Scale Record US$ 863.1 Billion in FY 2025–26, Driven by Strong Trade with UAE, UK and Australia
    India's FTAs Deepen Global Market Access, Boost Export Diversification and Labour-Intensive Sectors.
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July 29, 2026
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Citizenship proof requires more than identity, tax, electoral or banking records when nationality remains unestablished.
Voter identity cards, Aadhaar cards, PAN cards and bank-account records were treated as non-conclusive proof of Indian citizenship. The petitioner and detainee were required to establish citizenship under the Immigration and Foreigners Act, 2025, and an appeal against deletion from electoral rolls did not itself satisfy that burden. The inability to identify the burial locations of the detainee's parents prevented proposed DNA-based verification and supported an adverse inference concerning their citizenship.
July 29, 2026
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Corporate Mitra Scheme builds local compliance professionals to strengthen MSME regulatory, financial, taxation, accounting and governance support.
The Corporate Mitra Scheme develops qualified and accredited para-professionals to provide MSMEs with accessible, affordable compliance and business-support services. Corporate Mitras are intended to assist enterprises with regulatory compliance, finance, taxation, accounting and governance-related requirements, enabling MSMEs to focus on innovation, expansion and growth. IICA Shillong serves as the nodal agency for Northeast regional coordination, stakeholder liaison, promotion and awareness, with regional participation encouraged through reserved course seats and a fee concession.
July 29, 2026
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Amalgamation of Go Digit Infoworks with Go Digit General Insurance approved, with the general insurer continuing as surviving entity.
The Competition Commission of India approved the amalgamation of Go Digit Infoworks Services Private Limited, the holding company of Go Digit General Insurance Limited, with Go Digit General Insurance Limited as the surviving entity. Infoworks has no present market-facing business activities. Go Digit General provides general and health insurance products and services in India, with a specialised focus on general insurance.
July 29, 2026
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Competition approval enables Brookfield's indirect acquisition of Oaktree entities, combining alternative investment management businesses.
Competition approval was granted for Brookfield Asset Management Ltd. to indirectly acquire units in Oaktree Capital Group Holdings, L.P. and Oaktree Equity Plan, L.P., resulting in the acquisition of the Oaktree operating group of entities. Brookfield Asset Management is a global alternative asset manager, while the Oaktree group provides alternative investment management services.
July 29, 2026
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Processed dairy exports to Bhutan expand through compliance support, market access facilitation, and planned diversification of longer-shelf-life products.
Processed dairy exports from Assam to Bhutan commenced with a Purabi Ice Cream consignment exported by North East Dairy and Foods Limited and manufactured through Assam's cooperative dairy network. The Agricultural and Processed Food Products Export Development Authority supported export documentation, regulatory compliance, market access and stakeholder coordination. The initiative seeks to expand value-added dairy exports from the North Eastern Region, with plans to introduce longer-shelf-life products and increase exports according to market demand.
July 29, 2026
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Financial-market depth requires reliable liquidity, risk transfer, transparent products and shared institutional responsibility for resilient long-term financing.
Financial-market depth requires reliable liquidity and price discovery, efficient risk distribution, and diverse, meaningful participation across market conditions. Government and corporate bond markets, money markets, and foreign exchange and derivative markets should channel long-term savings into investment and enable management of interest-rate, currency and credit risks. Product innovation must serve genuine needs and be supported by suitability assessments, transparent disclosure, fair pricing, independent valuation and user risk-management capacity. Regulators, market institutions, issuers, investors and infrastructure providers share responsibility for resilient, transparent and trusted markets.
July 29, 2026
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Securitisation Note amendments seek stronger issuance efficiency, liquidity and transparency, with stakeholder consultation invited on proposed directions.
Draft amendments to securitisation transaction directions seek to improve the efficiency, liquidity and transparency of issuing and subsequently transferring Securitisation Notes. The proposals apply to commercial banks, small finance banks, non-banking financial companies and all India financial institutions. Public and stakeholder comments are invited through the designated regulatory consultation platform or alternatively by post or email.
July 29, 2026
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Rupee appreciation reflected weaker dollar conditions, equity inflows, crude oil movements and positive domestic market sentiment.
Foreign exchange market conditions supported an early appreciation of the rupee against the US dollar. A weaker US dollar, lower crude oil prices relative to earlier levels, positive domestic equity sentiment, and foreign institutional investors' net purchase of Indian equities were identified as key influences. The dollar index weakened ahead of a monetary policy announcement, while crude prices rose amid renewed geopolitical tensions. Domestic benchmark equity indices also advanced in early trade.
July 29, 2026
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Input Tax Credit unblocking allegedly involved illegal gratification, prompting a trap operation and apprehension of the officer and consultant.
Alleged bribery connected with unblocking Input Tax Credit arose after an electronics trader received a show-cause notice and had its ITC blocked. A private tax consultant allegedly conveyed that a State GST officer demanded illegal gratification for unblocking the credit and encouraged the trader to settle the demand. Following a complaint, a trap operation allegedly led to the apprehension of the officer and consultant, with further legal action in progress.
July 29, 2026
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Defence production licensing and Russian energy sanctions shaped discussions on Ukraine's security capacity, missile supply and diplomatic engagement.
Ukraine-US discussions addressed licences for domestic Patriot defence-system production, wider defence-production cooperation, technology exchange and missile supply funded through European resources. Ukraine also sought support for a sanctions bill designed to increase economic pressure on Russia by imposing tariffs on goods from major purchasers of Russian oil and gas and by sanctioning Russian leaders, financial institutions and energy projects. The proposed defence-production licence was identified as a longer-term measure, alongside calls for renewed diplomatic engagement.
July 29, 2026
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Cooperative-sector modernisation strengthens rural finance through expanded credit societies, online audits, institutional connectivity and technology-enabled cooperative banking.
Cooperative-sector modernisation is presented as a mechanism for strengthening rural institutions, farmer prosperity and the rural economy. The separate Ministry of Cooperation provides an administrative, legal and policy framework for the cooperative movement. Key initiatives include establishing new primary agricultural credit societies and dairy cooperative societies, expanding business activities for primary agricultural credit societies, online auditing, and connecting cooperative institutions. District cooperative banks are described as important institutions for meeting the financial requirements of expanding service and dairy cooperative societies.
July 28, 2026
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Direct containerised rail freight movement enables seamless Kolkata Port-to-Biratnagar cargo transport without border transshipment under revised transit arrangements.
Direct containerised rail freight movement between Kolkata Port and Biratnagar Customs Yard has commenced under the revised India-Nepal Rail Transit Protocol. The service enables end-to-end commercial rail carriage without border transshipment through the Jogbani-Biratnagar broad-gauge connection. Implementation of the revised Letter of Exchange operationalises direct commercial rail access, intended to reduce transit time, logistics costs and cargo handling while improving supply-chain efficiency, reliability and cross-border trade.
July 28, 2026
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State governance reforms expand housing relief, local audits, MSME support, property records, welfare measures and clean-vehicle tax incentives.
The reforms provide concessional stamp duty and registration charges for eligible Economically Weaker Section housing beneficiaries, a statutory local-audit framework, and incentives for MSMEs and exports. They also establish rules for ownership records in Lal Dora areas and introduce a formula-based urban property-tax assessment framework with exemptions. Welfare measures cover compensation for specified unnatural custodial deaths, ex-Agniveer reservation, and compassionate appointments. Motor-vehicle tax measures provide a rebate for qualifying vehicles registered in women's names and exemptions for new electric vehicles.
July 28, 2026
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Investigation into alleged fund diversion faced scrutiny as agencies were required to disclose progress and decide on regular cases.
Investigation into alleged dubious transactions and fund diversion involving Indiabulls Housing Finance Limited remained under scrutiny because investigating agencies did not provide an updated status or take a final decision on registration of regular cases. The Central Bureau of Investigation and Delhi Police Economic Offences Wing were required to file a comprehensive affidavit and status report. The allegations concern loans allegedly routed through corporate entities to promoter-linked companies, alongside inquiries involving financial, corporate-fraud and market-regulatory agencies.
July 28, 2026
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MSME payment-delay reforms propose faster dispute resolution, enforceable settlement recovery, and invoice discounting to strengthen supplier liquidity.
The proposed amendment strengthens delayed-payment dispute resolution for micro and small enterprise suppliers through prescribed adjudication timelines and possible interim payment of at least half the awarded amount where a setting-aside application remains pending beyond six months. Mediated settlements and arbitral awards may be recovered as arrears of land revenue and are proposed to be legally enforceable debts under the insolvency framework. Central public sector enterprises would be required to route MSME invoice settlements through the Trade Receivables Discounting System.
July 28, 2026
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Regional rural bank oversight strengthens financial performance, technology adoption, diversified lending and financial inclusion in remote communities.
Regional Rural Banks are regularly reviewed for financial performance, technology upgradation, MSME lending, loan diversification and financial inclusion in rural and remote areas. Their financial health improved over recent years, with growth in deposits, loans, credit-deposit ratio, net worth and capital adequacy, alongside improved asset-quality indicators. Financial-inclusion targets for bank-account access, micro-credit, insurance and pension schemes are set and periodically monitored to extend formal financial services.
July 28, 2026
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Emergency credit guarantee support addresses business liquidity mismatches while public sector banks report stronger asset quality and sectoral lending growth.
Public sector banks reported improved balance-sheet health, rising business and lending, higher profits, stronger capital adequacy, and lower gross non-performing assets through FY 2025-26. Credit expanded across retail, agriculture, MSME, and infrastructure segments. Emergency Credit Line Guarantee Scheme 5.0 provides guarantee coverage to member lending institutions for eligible additional credit facilities addressing short-term liquidity mismatches, with full coverage for MSMEs and differentiated coverage for non-MSMEs and scheduled passenger airlines. Airline assistance is linked to peak credit outstanding and may require proportionate promoter or owner equity contribution above the applicable threshold.
July 28, 2026
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Toy quality regulation and export support strengthen domestic manufacturing, safety compliance, market access, and competitiveness in the Indian toy sector.
Toy-sector measures combine quality regulation, import-duty changes, domestic manufacturing support, export facilitation, and promotional initiatives. The National Action Plan for Toys covers toy design, learning-oriented toys, quality monitoring, restrictions on unsafe imports, indigenous clusters, and domestic production. A Quality Control Order and BIS licensing framework support compliance with toy-safety standards. Cluster assistance, startup recognition, export-duty remission support, and zero-duty market access under specified trade agreements seek to strengthen competitiveness, while stated measures are associated with improved quality conformity, lower imports, and increased exports.
July 28, 2026
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Preferential market access under free trade agreements supports export diversification, labour-intensive sectors, and exporter use of tariff concessions.
India's FTA framework is used to promote preferential tariff utilisation, export diversification and expanded market access. The Government monitors recently operationalised agreements through Certificates of Origin and partner-country trade data. Agreements with the UAE, Australia, Mauritius, Oman and EFTA are associated with increased product-line coverage, tariff preference utilisation and export opportunities. Labour-intensive sectors receive priority through preferential access, while calibrated tariff liberalisation and transition arrangements seek to protect sensitive domestic sectors. Trade e-Connect and the Trade Intelligence and Analytics Portal support exporters with market intelligence, rules of origin guidance, trade data and export-performance monitoring.
July 28, 2026
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Preferential Market Access under free trade agreements supports export diversification, labour-intensive sectors, tariff utilisation and data-driven trade facilitation.
Preferential tariff utilisation under recently operationalised trade agreements is monitored through Certificates of Origin and partner-country trade data. Increased certificate issuance and expansion in exported HS-level tariff lines are treated as indicators of export diversification and market penetration. Labour-intensive sectors receive improved market-access opportunities under FTAs, while calibrated tariff liberalisation and transition arrangements preserve policy space for sensitive domestic sectors. Trade e-Connect and the Trade Intelligence and Analytics Portal provide exporters and policymakers with market intelligence, Rules of Origin guidance, FTA advisory services and trade-performance analytics.

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Justice (Rtd) Shri U.U. Lalit calls for law education that equips lawyers to resolve complex issues of social and economic justice

January 22, 2025

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Centre for Trade and Investment Law organises International Annual Trade Lab Conference 2024

Shri Justice Udai Umesh Lalit, Former Chief Justice of India called for law education that equips lawyers to resolve the complex issues of social and economic justice. His comments came during his keynote address at a plenary session of the International Annual TradeLab Conference organized by The Centre for Trade and Investment Law (CTIL), established by the Department of Commerce, Government of India. The session was part of the two-day conference organised in collaboration with the TradeLab Network and the WTO Chairs Programme on 13th and 14th December 2024 at Tamarind Hall, Indian Habitat Centre, New Delhi.

He highlighted the landmark decisions of the Supreme Court of India that brought to the forefront the issue of affirmative action and the fundamental right of every child to free compulsory primary and good quality education. He also highlighted the importance of economic justice coupled with liberalization policy in shaping India’s robust socio-economic fabric. In this context, he praised the TradeLab initiative that imparts clinical education to law students on a pro bono basis that can equip future lawyers and academicians to resolve the complex issues of social and economic justice within the ambit of international economic law.

A person standing at a podium with a podium and people sitting on itAI-generated content may be incorrect.

Shri Sanjay Chadha, Head of Public Policy, Uber Technologies delivered the opening remarks. He emphasized the significance of International Economic Law, which examines how sovereign states interact in trade, blending legal and economic perspectives. shared real-life anecdotes from his experiences in trade negotiations. He highlighted the gap in understanding trade agreements and the need for more capacity building in negotiation skills and legal expertise to better equip negotiators.

The conference's main theme was advancing teaching pedagogy and clinical legal education in the realm of international trade and investment law. Panel discussions were held on various pertinent and ongoing topics within this legal domain. Additionally, closed-door sessions were conducted for TradeLab executive committee members and academic supervisors to provide valuable feedback.

Day 1 of the conference included a closed session for Tradelab executive committee members followed by open sessions including the Experience-sharing session by TradeLab India, the session on Scope & Opportunities of Clinical Legal Education in International Legal Practicum and the final session on Leveraging Artificial Intelligence for Teaching Pedagogy. Day 2 of the conference witnessed three panel discussions and three student presentations of TradeLab projects of MNLU Mumbai, GNLU, and QMUL London conducted during the past year, followed by the closing session.

The Conference led to the diffusion of key insights regarding the development of the TradeLab clinics that can foster innovative approaches and develop capacity amongst law students to conduct groundbreaking research in international trade and investment law.

TradeLab India is headed by CTIL to develop India’s capacity in international economic law by establishing TradeLab clinics at law schools in a hub and spoke model. So far, CTIL has produced around 15 projects, and at present, 6 top-tier National Law Universities are running CTIL’s TradeLab clinics.

The TradeLab-India initiative spearheaded by CTIL stands at the forefront of capacity building of legal education and practice in international economic law. TradeLab-India has equipped students with practical experience and contributed towards shaping the future of India’s engagement with global trade and investment issues

TradeLab was initiated by Professors of International Law, Prof. Joost Pauwelyn and Prof. Sergio Puig and has attained a global presence since 2013 with renowned practitioners and academicians like Ms Jennifer Hillman, Prof. Debra Steger and Prof. Valerie Hughes joining the initiative. TradeLab is incorporated in Switzerland as a non-profit under the Swiss Civil Code. TradeLab students have actively participated in the 2023 & 2024 WTO Public Forum. Membership of TradeLab is open only to universities/centres that participate or want to participate in a legal clinic or practicum part of the TradeLab network.   

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