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    UCO Bank launches IFSC Banking Unit at GIFT City
    Banking sector has key role to play as India on way to become 3rd largest economy: Gujarat CM
    India's exports to US rise 12.85 pc in Jul; shipments to China jump 64.57 pc: Govt data
    50 tonnes of copper without e-way bills seized by Delhi GST, Railways joint team
    India's exports surge 19.6 pc in Jul; trade deficit widens to six-month high
    CBI ARRESTS CGST SUPERINTENDENT IN BRIBERY CASE
    The cumulative exports (merchandise & services) during April-July 2026-27 is estimated at US$ 316.42 Billion, as compared to US$ 279.63 Billion in Apr...
    Unlimit Mobile Ties Up with ICICI Bank Canada, RBC Royal Bank to Add Mobile Connectivity Benefits to Student GIC Journey
    Standard Chartered Accelerates India's GCC Growth with its Global Banking Expertise and 25 Years of GCC Experience
    IFSCA Grants Nexent Capital GIFT City Investment Banking License
    India's exports rise 19.63 pc to USD 44.24 bn in Jul; trade deficit widens to $31.98 bn
    Vizhinjam port to commence EXIM operations from Aug 18: Kerala CM Satheesan
    Ratul Puri: Beyond Low-Cost Power to Clean Energy Reliability
    PMS Bazaar Collaborates with NSDL Database Management Limited (NDML Accreditation Agency) to Expand Access to SEBI Accredited Investor Certification
    Compounded annual growth rate of Manufacturing GVA at constant prices (2022-23 base) as per revised series during 2022-23 to 2025-26 is 10.88%
    National Company Law Tribunal (NCLT) Launches e-Inspection and e-Certified Copy Services
    The Government of India to launch the Central Bank Digital Currency (CBDC)-based Direct Benefit Transfer (DBT) in the Union Territories of Chandigarh ...
    India and the Southern African Customs Union (SACU) sign Terms of Reference (ToR) for negotiations towards a Preferential Trade Agreement
    Airtel ends all prepaid mobile plans offering 1.5 GB data per day with unlimited calls
    ED arrests IBC resolution professional
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    August 13, 2026
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    International banking unit expands cross-border financing, trade finance and foreign-currency service access through GIFT City operations.
    UCO Bank has launched an International Financial Services Centre Banking Unit at GIFT City to provide permitted international banking services. The unit offers trade finance, external commercial borrowings, foreign-currency loans, loan syndication, treasury services and other permitted financial services. It serves Indian corporates, exporters, importers, financial institutions, overseas businesses and other eligible customers requiring cross-border financing and access to global financial markets. FCNR(B) deposits are also offered through the unit.
    August 13, 2026
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    Last-mile credit access is prioritised through timely lending, wider beneficiary coverage, digital support and stronger fraud vigilance.
    Banking-sector participation is emphasised through last-mile credit access for MSMEs, women entrepreneurs, rural artisans, small farmers and other underserved beneficiaries. Banks are urged to expedite government-scheme applications, maximise coverage and use technology for timely financial support. Industrial-policy assistance and incentives cover startups, SC/ST entrepreneurs, persons with disabilities and first-generation entrepreneurs. Greater coordination, expanded village banking access, and vigilance against cyber fraud and mule accounts are also prioritised.
    August 13, 2026
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    Merchandise trade growth saw rising exports to major markets alongside increased imports and continuing United States trade-pact negotiations.
    India's merchandise trade data records increased July exports to the United States and China, alongside growth in imports from both markets. Exports to Singapore, the United Arab Emirates, the Netherlands, Germany, South Africa, Tanzania, Australia, Malaysia, Sri Lanka, Italy and Vietnam showed positive growth, while July exports declined for the United Kingdom, Bangladesh, Saudi Arabia and Nepal. Imports also increased from Russia, Korea, Singapore, Germany, Oman, Malaysia, Taiwan and Brazil. India and the United States are negotiating a trade pact amid an additional United States tariff on India.
    August 13, 2026
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    GST transport documentation enforcement addresses freight movement of metals without valid e-way bills and invoices under applicable rules.
    GST enforcement action led to the seizure of copper and aluminium ingots transported by freight train without valid e-way bills and invoices. The metals were found in three train wagons during inspection of parcel cargo. Further proceedings are to be undertaken under applicable GST rules concerning movement of goods without prescribed transport documentation.
    August 13, 2026
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    Merchandise trade deficit widens as import growth outpaces exports despite strong petroleum, electronics and engineering shipments.
    Merchandise trade in July 2026 saw exports rise 19.63 per cent and imports increase 17.52 per cent, widening the trade deficit to a six-month high. Petroleum products, electronics, engineering goods and marine goods supported export growth, while crude oil and several commodity and capital-goods categories increased imports. During April-July 2026-27, faster import growth widened the cumulative merchandise trade deficit compared with the corresponding prior-year period.
    August 13, 2026
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    Bribery allegations in GST enforcement prompted arrest after alleged payment demand to avoid a tax-liability notice.
    Bribery allegations involving GST enforcement led to the arrest of a CGST Superintendent after a complaint alleged that payment was demanded from a private company to avoid issuance of a tax-liability demand notice and to close the matter. A trap operation resulted in the public servant being apprehended while allegedly accepting part of the demanded bribe, and the amount accepted was recovered. Searches were undertaken, and investigation remained ongoing.
    August 13, 2026
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    Trade performance shows rising merchandise and services exports, but faster import growth expands the overall trade deficit.
    India's combined merchandise and services exports and imports increased in July 2026 and April-July 2026-27, while the overall trade deficit widened. Cumulative exports were estimated at US$ 316.42 billion and imports at US$ 365.85 billion, resulting in a trade deficit of US$ 49.43 billion. Merchandise exports, non-petroleum exports, and exports excluding petroleum and gems and jewellery grew, led by petroleum products, electronic goods, engineering goods and chemicals. Services trade recorded a cumulative surplus of US$ 69.17 billion.
    August 13, 2026
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    Student GIC referral programmes integrate connectivity credits with funding verification and post-arrival banking arrangements for eligible international students.
    Referral arrangements connect mobile connectivity benefits with the Student Guaranteed Investment Certificate application journey. Applicants may access an online portal through a referral link, submit documents, complete know-your-customer verification, and fund the GIC from permitted Indian bank accounts in no more than two transactions. After arrival, students may activate the GIC account and open a linked bank account for receipt of GIC transfers. Eligible verified applicants receive non-cash mobile credits usable only against mobile bills, subject to a cap on the bill portion payable through credits.
    August 13, 2026
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    Global Capability Centre banking support connects offshore and onshore operations to simplify financial management and enable cross-border expansion.
    Global Capability Centre banking support is positioned around connected offshore and onshore banking, international network access, digital banking platforms, and expertise in treasury centres, cross-border corporates, and evolving GCC operating models. The approach seeks to simplify financial operations and support GCC expansion across global markets. India's GCC ecosystem is characterised as a leading global capability hub, with capability centres evolving into strategic enterprise hubs requiring support for operational and financial complexities across markets.
    August 13, 2026
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    Investment banking registration enables regulated cross-border offerings, listings, debt transactions and capital-market advisory through GIFT City.
    IFSCA registration under the IFSCA (Capital Market Intermediaries) Regulations, 2025 authorises Nexent Capital IFSC Private Limited to operate as an investment banker from GIFT City. Permitted activities include management of initial and follow-on public offerings, SPAC and secondary listings, depository receipt issuances, debt capital-market transactions, and other capital-market advisory mandates. The firm proposes to provide transaction structuring, listing-readiness, execution and post-listing capital-markets support for companies seeking capital raising and listing opportunities through GIFT City's exchanges.
    August 13, 2026
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    Merchandise export growth was driven by petroleum, electronics, engineering and marine goods, while rising imports widened the trade deficit.
    India's merchandise exports increased in July, while imports also rose and widened the trade deficit. Export growth was attributed to higher overseas shipments of petroleum products, electronics, engineering goods and marine goods. Exports and imports both recorded growth during the April-July fiscal period, and exports to West Asian countries increased in July.
    August 13, 2026
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    EXIM operations at international seaport to commence after customs clearance, bonded-area establishment, and temporary highway connectivity.
    Vizhinjam International Seaport is scheduled to commence EXIM operations after Customs clearance, issuance of Customs notifications, establishment of a Customs-bonded area, and temporary connectivity to NH-66. The port had previously handled transshipment operations. A proposed transfer of a stake in the port concessionaire to a foreign shipping company remains under committee examination and requires Central Government consideration of strategic and security aspects.
    August 13, 2026
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    Renewable energy reliability requires storage, grid readiness and ancillary service markets alongside competitive clean-power procurement.
    Renewable energy procurement is shifting beyond lowest tariffs towards dependable, dispatchable and affordable clean power, assessed through capacity value, balancing capability and system economics. Storage-backed renewable and hybrid projects can improve renewable utilisation, reduce variability and curtailment, and support peak demand. Higher renewable penetration also requires supportive storage policies, timely approvals, aligned intrastate transmission planning, stronger distribution infrastructure, and market mechanisms for ramping reserves, frequency response and fast-response balancing services.
    August 13, 2026
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    Accredited Investor certification facilitates eligible investors' access to alternative investment products, lower thresholds and applicable regulatory flexibilities.
    SEBI's Accredited Investor framework enables eligible investors and entities to obtain certification that may allow lower minimum investment thresholds for Portfolio Management Services, Alternative Investment Funds and other alternative investment products, along with applicable regulatory flexibilities. PMS Bazaar and NSDL Database Management Limited's Accreditation Agency facilitate end-to-end applications, subject to required documentation and prescribed payment. Assistance is available to individual investors and eligible clients of investment providers without additional platform, service or processing charges, while prescribed certification fees remain payable.
    August 13, 2026
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    Manufacturing GVA growth under the revised national accounts series highlights stable sectoral contribution and resilience-focused industrial measures.
    Manufacturing performance is assessed under the revised National Accounts Statistics series using 2022-23 as the base year. Manufacturing's share of total Gross Value Added at current prices remained broadly stable through 2025-26, and Manufacturing GVA at constant prices achieved a compounded annual growth rate of 10.88% from 2022-23 to 2025-26. Production Linked Incentive schemes, logistics and industrial-corridor measures, semiconductor initiatives, and MSME support seek to strengthen domestic manufacturing, diversify supply chains, reduce import dependence, and improve resilience.
    August 13, 2026
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    Electronic inspection and certified copies expand digital access to judicial records while supporting efficient case management and reduced delays.
    NCLT has launched e-Inspection and e-Certified Copy Services for faster and more convenient access to judicial records and certified copies by advocates, litigants and other stakeholders. The services support a technology-enabled Registry framework and transparent, efficient justice delivery. Pendency monitoring, workload redistribution, Special Benches, maximisation of court time, and registration and listing guidelines are intended to improve case management, optimise limited judicial resources and reduce avoidable delays.
    August 13, 2026
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    CBDC-based food subsidy transfers enable eligible beneficiaries to use Digital Rupee wallet credits for traceable foodgrain purchases.
    CBDC-based Direct Benefit Transfer under the Pradhan Mantri Garib Kalyan Anna Yojana will credit eligible beneficiaries' food subsidies as programmable Digital Rupee tokens directly into CBDC wallets. Beneficiaries may use these credits to purchase foodgrains from empanelled merchants through secure, real-time and traceable payments, replacing conventional bank-account transfers. The model is intended to improve traceability, reduce leakages and cash handling, enable real-time monitoring of subsidy use, and provide a scalable framework for CBDC integration with welfare schemes.
    August 13, 2026
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    Preferential trade agreement negotiations begin under agreed terms covering market access, origin rules, trade remedies and dispute settlement.
    India and the Southern African Customs Union have signed Terms of Reference to commence negotiations for a Preferential Trade Agreement. Negotiations are envisaged on trade in goods and market access, rules of origin, customs procedures and trade facilitation, trade remedies including bilateral safeguards, sanitary and phytosanitary measures, technical barriers to trade, dispute settlement, and legal and horizontal provisions. The Terms of Reference establish the negotiating framework only; preferential tariff treatment and other operative commitments depend on conclusion of a final agreement.
    August 12, 2026
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    Prepaid plan restructuring eliminates mid-tier daily-data options and channels subscribers toward higher-priced plans with expanded data access.
    Bharti Airtel has discontinued prepaid plans combining 1.5 GB daily data allowances with unlimited calling, directing subscribers towards higher-priced plans with expanded data access, including unlimited 5G data. The restructuring reduces low-priced unlimited-data offerings and changes the pricing architecture for customers using discontinued mid-tier plans. Management links tariff repair to differentiated mobile-plan categories and sustained average revenue per user growth.
    August 12, 2026
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    Insolvency professional conduct faces money-laundering allegations over re-admitted claims, creditor committee changes, and a connected resolution applicant.
    Enforcement action under the Prevention of Money Laundering Act concerns allegations that an insolvency professional re-admitted claims earlier rejected as spurious and fraudulent during the Corporate Insolvency Resolution Process. The alleged re-admission altered the Committee of Creditors' composition and facilitated consideration of a resolution plan allegedly submitted for, and funded through an entity controlled by, a company promoter under investigation for diversion of bank-loan funds. Adverse findings reportedly included acting beyond authority by relying on fabricated and improperly submitted material.

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      PMLA / Black Money

      HIGHLIGHTS

      May 23, 2025

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      New Delhi, May 23 (PTI) Following are the top stories at 9.15 pm: NATION DEL70 AVI-DGCA-3RDLD INDIGO FLIGHT

      IndiGo Srinagar flight crew's request to enter Pak airspace to avoid turbulence was rejected: DGCA New Delhi: Aviation watchdog DGCA on Friday said the crew of the IndiGo flight from the national capital to Srinagar on Wednesday had sought permission to enter Pakistan airspace to avoid turbulence but the request was rejected.

      DEL49 PM-LD NORTHEAST (RPT)

      Northeastern region witnessing unprecedented progress: PM Modi New Delhi, May 23 (PTI) The Northeastern region, once synonymous with "bombs, guns and blockades", is now witnessing unprecedented progress, with the government determined to accelerate its growth story, Prime Minister Narendra Modi said on Friday.

      DEL74 JAISHANKAR-PAKISTAN-WEST

      West supported military regime in Pakistan: Jaishankar New Delhi: No one has supported the military regime and undermined democracy in Pakistan in so many ways as much as the West, External Affairs Minister S Jaishankar has said.

      DEL89 DELEGATIONS-MISRI

      Misri briefs 4 multi-party delegations travelling abroad to convey India's message on terror New Delhi: Foreign Secretary Vikram Misri on Friday briefed the members of the four multi-party delegations, including those led by Congress leader Shashi Tharoor and BJP leader Ravi Shankar Prasad, that will travel to world capitals to convey India's resolve for zero tolerance on terrorism emanating from Pakistan.

      DEL66 BJP-RAHUL-2NDLD INDOPAK

      Stop 'undermining' armed forces' valour, 'jeopardising' India's security: BJP to Rahul on Op Sindoor New Delhi: The BJP on Friday launched a scathing attack at Leader of Opposition in the Lok Sabha Rahul Gandhi and asked him to stop "undermining" the Indian Armed Forces' valour and "jeopardising" the country's security by making "irresponsible remarks" about Operation Sindoor.

      DEL92 DL-COVID-LD ADVISORY

      Delhi govt issues advisory on Covid-19, asks hospitals to step up preparedness New Delhi: The Delhi government on Friday issued an advisory on Covid-19, asking hospitals to prepare for the availability of beds, oxygen, medicines and vaccine.

      DEL85 ED-TASMAC

      ED to inform SC about illegal cash, tampering of software in TASMAC case New Delhi: The Enforcement Directorate identified some prime suspects moving alleged kickbacks in cash and tampering with TASMAC's indenting system in Tamil Nadu just before the Supreme Court stayed its money laundering probe and observed that the central agency was "crossing all limits" and violating the federal concept of governance.

      DEL83 AVI-AIRSPACE BAN-PAK

      India extends airspace ban for Pak airlines till Jun 23 New Delhi: India on Friday extended the closure of its airspace for flights operated by Pakistan airlines by another month till June 23, according to sources.

      BOM23 CG-NAXALITES-SURRENDER

      33 Naxalites surrender in Chhattisgarh's Bastar region Bijapur/Dantewada: As many as 33 Naxalites, among them 24 carrying a cumulative bounty of Rs 91 lakh, surrendered before security forces in Chhattisgarh's Bastar region on Friday, police said.

      CAL17 BH-3RD LD RAILWAY MINISTER

      Railway minister inspects Jamalpur railway workshop, lays foundation stone for new project Jamalpur (Bihar): Railway Minister Ashwini Vaishnaw on Friday laid the foundation stone for a project to increase the wagon periodical overhauling (POH) capacity at the Jamalpur railway workshop in Bihar's Munger district and also interacted with the employees.

      BUSINESS DEL73 BIZ-LD ALL INDOPAK

      India to make strong case with FATF to put Pakistan back in "grey list", block World Bank funds New Delhi: India will highlight Pakistan's persistent support for terrorism and its funnelling of multilateral funds for arms procurement to build a strong case for reinstating Islamabad on the global money laundering and terror financing watchdog's 'grey list', and block funding from the World Bank.

      LEGAL LGD28 SC-2NDLD ONLINE BETTING

      In name of IPL people betting, gambling: SC on PIL for regulation of online apps New Delhi: The Supreme Court on Friday said people were betting and gambling in the garb of Indian Premier League and sought the Centre's response on a PIL seeking to regulate betting applications.

      LGD32 SC-MATERNITY LEAVE

      Maternity leave integral to maternity benefits, says SC, sets aside Madras HC verdict New Delhi: Maternity leave is integral to maternity benefits and reproductive rights are now recognised as part of international human rights law like right to health, privacy, equality and non-discrimination and dignity, the Supreme Court said on Friday.

      LGD33 SC-UP-GANGSTERS ACT

      SC questions probe, quashes UP Gangsters Act case against man New Delhi: The Supreme Court on Friday said the role of probe agencies was strictly to conduct an impartial investigation and it was for the court to determine an accused's innocence or guilt.

      LGD21 SC-RAJASTHAN-ADANI POWER

      SC upholds APTEL verdict in Adani Power case, rejects Rajasthan discoms plea New Delhi: The Supreme Court on Friday dismissed an appeal filed by Rajasthan’s power distribution companies against a judgement of the Appellate Tribunal for Electricity (APTEL) that had ruled in favour of the Adani Power Rajasthan Ltd (APRL).

      FOREIGN FGN71: INDOPAK-LDALL DELEGATIONS

      All-party delegations meet top leadership in Russia, Japan, UAE; convey India's strong anti-terror stand Moscow/Tokyo/Abu Dhabi: Indian Parliamentary delegations on Friday put across New Delhi's 'zero-tolerance' policy on terrorism to top officials in Russia, the United Arab Emirates and Japan and exchanged views on furthering cooperation in counter-terrorism and combating radicalism following Operation Sindoor.

      FGN68: GERMANY-JAISHANKAR-ADDRESS

      Zero-tolerance for terrorism, India will never give in to nuclear blackmail: Jaishankar in Germany Berlin: External Affairs Minister S Jaishankar on Friday said India has zero-tolerance for terrorism and New Delhi will “never give in to nuclear blackmail”.

      FGN65: BANGLA-YUNUS-LD RESIGNATION

      Bangladesh’s interim govt chief Yunus mulls resignation: Report Dhaka: Bangladesh’s interim government chief Muhammad Yunus is mulling resignation as he is finding it difficult to work in view of political parties failing to reach a common ground to bring a change in the country, according to a media report.

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