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    Government Eases RCMC Requirement for Export Consignments up to ₹3 Lakh
    In a major breakthrough, DRI busts huge methamphetamine smuggling syndicate in one of the biggest seizures in North-East Region
    CBIC commemorates 10 years of India’s Authorised Economic Operator (AEO) Programme; Outlines way forward and reaffirms commitment to trusted trade
    His passport deposited in court in ED case, Gujarat man secures another with fake papers
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    The cumulative exports (merchandise & services) during April-August 2026-27 is estimated at US$ 399.27 Billion, as compared to US$ 345.55 Billion in A...
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    ED chief orders action against IBC frauds, large haircuts to promoters
    JCB India eyes 15-20 pc export growth in FY27: MD Deepak Shetty
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September 16, 2026
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RCMC exemption for eligible small-value exports reduces upfront registration requirements while preserving compliance for larger consignments.
RCMC or Certificate of Registration is not required, wherever otherwise mandated under the Foreign Trade Policy, 2023, for export consignments with a Free-on-Board value of up to Rs. 3 lakh. Export consignments exceeding that threshold continue to require a valid RCMC or Certificate of Registration wherever applicable. The exemption reduces the initial registration burden for MSMEs, artisans, small businesses, first-time exporters and occasional exporters undertaking eligible small-value exports, including through Postal, Courier, e-commerce and other emerging channels.
September 16, 2026
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Methamphetamine trafficking enforcement enabled coordinated vehicle interceptions, contraband seizures, and arrests under narcotic drug control law.
Intelligence-led narcotics enforcement led to the interception of four trucks in Assam and Tripura suspected of carrying methamphetamine tablets concealed in vehicle cabins. A total of 231.8 kg of suspected methamphetamine tablets, along with all four vehicles, was seized under the NDPS Act, and three persons were arrested. The action involved coordinated surveillance, interception and searches directed at an alleged drug-smuggling syndicate.
September 16, 2026
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Authorised Economic Operator programme advances trusted trade through risk-based customs facilitation, streamlined EMI documentation, and stakeholder-led reforms.
India's Authorised Economic Operator Programme promotes voluntary compliance, supply-chain security, risk-based customs administration and predictable cross-border movement of goods. Compliant trade and logistics entities may receive simplified customs procedures and risk-based facilitation. Proposed process reforms include uniform operating procedures, applicant checklists, single-deficiency processing, time-bound applications, clearer financial-solvency requirements, and strengthened client relationship and validation arrangements. Documentation under the Eligible Manufacturer Importer Scheme has been reduced, supporting lower compliance burdens and a pathway towards higher AEO tiers.
September 16, 2026
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Fraudulent procurement of a second passport allegedly involved false identity records, a false loss report, and overseas travel.
Alleged fraudulent procurement of a second passport arose after a passport had been surrendered in money-laundering-related proceedings. Authorities allege that the individual falsely reported the passport as lost and obtained another passport through false information, including an incorrect address in identity documentation and supporting records. The second passport was allegedly used for international travel. Criminal proceedings concern alleged forged documents, false representations and passport-related offences under the Bharatiya Nyaya Sanhita and the Passports Act.
September 16, 2026
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Rupee depreciation reflected dollar strength, foreign outflows, elevated oil prices, and importer demand despite stronger domestic equities.
Foreign-exchange market conditions resulted in the rupee weakening for a seventh consecutive session and closing lower against the US dollar. Dollar strength, foreign fund outflows, elevated crude oil prices, higher US Treasury yields and increased importer demand for dollars exerted pressure on the currency. Positive domestic equity-market performance limited the downside, while expectations of a US Federal Reserve interest-rate increase supported the dollar index.
September 16, 2026
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Multi-currency prepaid travel cards enable foreign-exchange spending, exchange-rate locking, and mobile-based controls for Indian international travellers.
Wizzmoni Financial Services Ltd. and City Union Bank Ltd. have partnered to launch Wizz Voyager, a co-branded AI-powered multi-currency prepaid travel card for Indian residents undertaking international travel. The card supports 37 international currencies and provides real-time exchange-rate locking, spending controls, transaction tracking and mobile-app-based management. It is designed to facilitate foreign-exchange spending and management of multiple currencies through a single payment instrument.
September 16, 2026
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Non-executive nominee directorship strengthens lending governance, compliance, risk management and technology-led capability as the business scales responsibly.
Finnable has appointed Sreeram Ranganathan Iyer as a Non-Executive Nominee Director representing investor TVS Capital. The role is intended to strengthen board oversight as the non-banking financial company expands its lending operations. The identified priorities for sustainable growth include technology, compliance, governance, risk management, responsible lending, and data-driven underwriting. The nominee directorship reflects investor participation in governance and capability-building for a sustainable lending franchise.
September 16, 2026
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Money laundering investigation addresses alleged land grabbing through forged property records, fabricated claims, coercion, and denial of landowners' rights.
Money-laundering proceedings under the Prevention of Money Laundering Act concern alleged land grabbing through forged board resolutions, forged-sale agreements, fabricated deeds, and falsified property records. The alleged conduct includes manipulation of land records, civil proceedings based on false claims, denial of landowners' lawful entitlements, and threats or physical force against persons asserting legitimate rights. The investigation is linked to multiple police FIRs concerning the individual and associated entities.
September 16, 2026
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Trade performance estimates show merchandise and services exports increasing while imports rise, widening the cumulative trade deficit.
External trade estimates for April-August 2026-27 show combined merchandise and services exports of US$399.27 billion and imports of US$459.65 billion, with a trade deficit of US$60.38 billion. Merchandise exports reached US$215.91 billion, while services exports were estimated at US$183.36 billion. Non-petroleum exports increased to US$180.61 billion. Growth in August merchandise exports was driven by electronic goods, petroleum products, engineering goods, chemicals, and cotton yarn, fabrics, made-ups and handloom products. Services-sector figures for August were estimated using data available through July.
September 16, 2026
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Rupee depreciation amid dollar strength and foreign fund outflows highlights pressure from global monetary expectations and elevated oil prices.
Rupee depreciation against the US dollar in early trading reflected pressure from a stronger dollar and net foreign fund outflows, notwithstanding support from positive domestic equity-market performance. Dollar strength was associated with market expectations of a US Federal Reserve interest-rate increase to address inflation linked to higher oil prices. Elevated crude oil prices and risks to oil exports remained concerns, while domestic equity gains provided countervailing support.
September 16, 2026
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Fraudulent input tax credit through bogus invoices prompted arrest following allegations of invoicing without actual supply of goods.
The investigation concerned alleged fraudulent availment and passing on of inadmissible input tax credit through bogus invoices. Multiple suppliers were identified as non-existent, non-functional, suspended or cancelled, while field verification indicated an absence of genuine business activity at certain declared premises. Input tax credit was allegedly availed without receipt of goods and passed on through invoices without corresponding supplies. Statements recorded during investigation led to the arrest of a firm partner under the CGST Act.
September 16, 2026
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UPI merchant discount rate framework preserves free individual and small-merchant payments while charging specified larger merchant transactions.
UPI person-to-person transactions remain free irrespective of value, and person-to-merchant payments up to Rs.2,000 remain outside the merchant discount rate framework. Small merchants receiving qualifying UPI QR payments under the P2PM category continue to receive zero MDR treatment. MDR applies only to specified merchant payments above the threshold, with separate treatment for essential sectors and capital-market payments. Customers are not liable for MDR, merchants must not pass it on, and UPI application providers may not levy platform fees or hidden charges. MDR revenue supports payment ecosystem participants and small-merchant UPI adoption.
September 15, 2026
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Merchant discount rate on large-value UPI merchant payments supports infrastructure investment while preserving free user payments.
Merchant Discount Rate (MDR) of 0.4 per cent applies to large-value UPI person-to-merchant payments exceeding Rs 2,000 from October 15. MDR is a merchant payment ecosystem charge, not a fee payable by customers. Person-to-person UPI payments remain free for users, while person-to-merchant UPI payments below Rs 2,000 remain free for merchants. MDR distribution is intended to support payment technology, infrastructure, acceptance networks and sustained UPI growth.
September 15, 2026
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Special economic zone approval enables a silicon carbide semiconductor facility operating under an export-oriented technology investment framework.
Approval for a special economic zone-linked silicon carbide semiconductor manufacturing unit permits establishment of a facility under the jurisdiction of Falta Special Economic Zone. The unit is proposed to manufacture silicon carbide diodes and silicon carbide MOSFETs. Project financing combines government capital subsidies and promoter contribution, while the facility is projected to support export-oriented advanced semiconductor manufacturing, domestic capabilities, and technology-driven capital investment.
September 15, 2026
Show AI Summary
Merchandise trade performance reflects strong export momentum, import-led deficit pressures, and expanded services trade during August.
Merchandise exports increased by 26.12 per cent year-on-year to USD 43.81 billion in August, led by electronics, engineering goods and petroleum products. Merchandise imports rose 14.1 per cent to USD 70.76 billion, driven by crude oil, project goods, electronic items, silver, coal and coke. Gold imports declined substantially, contributing to a five-month low merchandise trade deficit. During April-August 2026-27, higher imports reflected domestic economic expansion, energy requirements and manufacturing-sector input needs.
September 15, 2026
Show AI Summary
Foreign exchange market pressures weakened the rupee as oil-import demand, risk aversion, dollar strength, and rising yields intensified.
Foreign exchange market pressures led to a sixth consecutive session of rupee depreciation against the US dollar. Higher Brent crude prices, dollar demand from oil importers, risk aversion, a stronger dollar and elevated global Treasury yields heightened concerns over inflation and India's external trade balance. Potential RBI intervention was viewed as a factor that could support the rupee at lower levels.
September 15, 2026
Show AI Summary
Merchant discount rates for larger merchant UPI payments introduce category-based fees while preserving free consumer transfers.
Merchant discount rate framework introduces a 0.4 per cent charge on direct person-to-merchant UPI payments exceeding Rs 2,000, effective from 15 October 2026. The charge is capped at Rs 300 for higher-value payments and is payable by merchants to acquiring banks. Person-to-person transfers remain free regardless of value, and P2M payments up to Rs 2,000 remain outside the charge. App providers may not impose platform fees or hidden charges, and banks must prevent merchants from passing MDR costs to customers.
September 15, 2026
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Insolvency fraud enforcement targets collusive resolutions, coordinated predicate-offence investigations, accelerated money-laundering trials, and earlier victim asset restoration.
Enforcement priorities target suspected insolvency-resolution frauds involving collusive large haircuts, promoter reacquisition of assets, related-party claim inflation, creditor-process manipulation, asset stripping, and circumvention of resolution-applicant ineligibility. Coordination with police and other agencies is emphasised for predicate offences, including joint investigation teams and committal applications to enable combined trials of predicate and money-laundering offences. Asset restoration for legitimate victims is to be pursued early, especially in investor and homebuyer frauds.
September 15, 2026
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Export expansion and domestic manufacturing guide JCB India's strategy through broader equipment offerings, fuel efficiency, and operator comfort.
JCB India targets 15-20 per cent export growth during the current financial year and plans a similar increase in annual production. Its export operations cover approximately 135 countries, including Southeast Asia, Africa and developed markets. The company's construction and earthmoving equipment portfolio is designed, engineered and manufactured in India for domestic and international customers, with product development focused on fuel efficiency, operator ergonomics, comfort and productivity.
September 15, 2026
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Merchandise export growth driven by petroleum products coincided with lower gold imports and a narrowing trade deficit.
Merchandise exports increased sharply in August, led by petroleum product shipments, while imports also rose year-on-year. Reduced gold imports contributed to a narrower merchandise trade deficit. During the first five months of the fiscal year, the cumulative deficit widened as higher imports reflected domestic expansion, energy requirements and manufacturing-input demand. Energy commodities and electronic goods were principal contributors to the deficit, while export growth was supported by engineering goods, petroleum products, chemicals and textiles.

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PMLA / Black Money

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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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