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July 14, 2026
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NCLT vacancies and infrastructure gaps remain under review as delays in insolvency resolution plans raise IBC efficiency concerns
Delays in appointing judicial and technical members to the National Company Law Tribunal, inadequate infrastructure, and concerns over its disposal rate are being considered in suo motu proceedings. The hearing was deferred after the appointment process was reported to be underway. The proceedings followed concerns regarding persistent delays in approving insolvency resolution plans under the Insolvency and Bankruptcy Code, including applications pending before the NCLT for periods ranging from weeks to several years.
July 14, 2026
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Synthetic drug trafficking enforcement exposes clandestine Mephedrone laboratories, leading to arrests and seizure of manufacturing equipment under narcotics law
Interstate synthetic drug trafficking enforcement under the NDPS Act, 1985 led to the dismantling of a sophisticated Mephedrone manufacturing laboratory and the arrest of two alleged chief conspirators during coordinated operations. Officers seized digital machinery, laboratory equipment, heavy glassware, precursor chemicals and safety gear used in illicit MD production. Sustained intelligence and interstate investigation identified a second facility financed and coordinated by a co-conspirator. Simultaneous searches resulted in the second arrest and seizure of the clandestine laboratory's equipment and chemicals, which were taken into possession under the NDPS Act, 1985. Further investigation remains in progress.
July 14, 2026
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Wildlife trafficking enforcement targets ivory, endangered species, and transnational smuggling through coordinated operations and CITES-based protections
Intelligence-led operations targeted organised wildlife trafficking involving endangered and protected fauna, ivory, and other wildlife products. More than 440 protected or endangered animals, approximately 15 kg of ivory articles and elephant ivory, and products including pangolin scales, leopard pelt, seahorse-based articles, and Red Sanders were seized, while 33 persons were arrested or apprehended. Elephant ivory recoveries were referred to the Forest Department for action under the Wildlife (Protection) Act, 1972. The Indian elephant is protected under Schedule I, trade in elephants and derivatives is prohibited, commercial ivory trade is restricted under CITES obligations, and ivory imports and exports are prohibited under the Foreign Trade Policy.
July 14, 2026
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Reseller cover bids and coordinated supplies sales treated as cartelisation, with penalties and cease-and-desist directions imposed
The Competition Commission of India addressed cartelisation in the sale and supply of toner, cartridges and other consumables used with print hardware products. Sixteen Tier-2 resellers were identified as having sought and submitted support or cover bids, contrary to Sections 3(3)(d) read with Section 3(1) of the Competition Act, 2002. HP India was identified as playing a central role in the arrangement. Monetary penalties were imposed on HP India, the resellers and relevant officials under Section 48, together with directions to cease and desist from the anti-competitive conduct.
July 14, 2026
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Bid-price coordination and tender-participation manipulation in personal system products attract competition-law penalties and cease-and-desist directions.
HP India and five resellers were found to have engaged in cartelisation in the sale and supply of personal system products. The conduct included dictating bid prices and manipulating reseller participation in GeM tenders by withholding authorisation. The conduct was treated as contravening Sections 3(3)(d) read with Section 3(1) of the Competition Act, 2002. The resellers were found to have acted in collusion with HP India, while officials were treated as liable under Section 48. Penalties and cease-and-desist directions were imposed under the Act.
July 14, 2026
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Export Growth Driven by AI Demand as Technology Products, Semiconductors, and Electric Vehicles Lift China's June Trade Performance
China's exports increased sharply in June, driven by strong external demand associated with the expansion of artificial intelligence. Exports of electric vehicles, semiconductors, and related technology products expanded significantly, while imports also recorded substantial year-on-year growth. Strong export manufacturing helped offset weakness in domestic demand.
July 13, 2026
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Cryptocurrency investment fraud allegations trigger PMLA provisional attachment of bank deposits, flats, and commercial shops linked to diverted funds.
The Enforcement Directorate reported a money-laundering investigation into an alleged cryptocurrency fraud involving ATC Coin. It alleged that investors were induced to contribute funds through assurances of high and assured returns, and that the collections were deposited with Jewria Services Club India before being diverted through accounts of the accused and associated entities. Under the Prevention of Money Laundering Act, bank deposits and Mumbai properties comprising residential flats and commercial shops were provisionally attached.
July 13, 2026
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Preferential market access anchors India-US trade negotiations as tariff investigations and bilateral commitments remain under discussion
India and the United States are progressing negotiations on a framework deal and a bilateral trade agreement focused on preferential market access and comparative tariff advantages. India is engaging with the USTR on Section 301 investigations concerning forced labour and excess industrial capacity. The forced-labour investigation has proposed an additional tariff on imports from India, but the measure remains unfinalised. India has urged resolution through bilateral negotiations rather than unilateral measures. The excess-capacity investigation remains pending, and the eventual trade agreement is expected to address relevant aspects of the bilateral trade relationship, including tariff treatment, market access, and investigation-related issues.
July 13, 2026
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Export-control sanctions prohibit routing electronic components to Iran through intermediaries, with conspiracy liability turning on knowledge and assistance.
US export-control sanctions prohibit the unlawful export of electronic components to Iran through intermediaries or front companies. The reported prosecution concerned allegations that an employee conspired with an Iranian business associate to obtain components for a Tehran-based company whose technology had potential military applications. Prosecutors relied on documents, text messages, photographs, and communications said to show knowledge and assistance, while the defence disputed procurement, the Swiss company's characterization as a front, and proof that components reached Iran. Evidence concerning a specific drone attack was limited to general evidence about the Iranian company and potential military applications.
July 13, 2026
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Mandatory securities compliance governs mutual fund redemptions, investor consent, disclosures, due diligence, and trustee responsibilities
Compliance with securities regulations is presented as mandatory regardless of whether investors ultimately incur losses or receive benefits. Close-ended mutual fund schemes must be redeemed at maturity unless formally rolled over with informed written investor consent and prior disclosure to SEBI. The reported issues also include inadequate due diligence regarding issuers' financial condition, excessive reliance on pledged collateral, delayed disclosures to investors and SEBI, and the trustee company's failure to independently assess regulatory compliance and unitholder interests.
July 13, 2026
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Rupee weakness reflects geopolitical risk, crude prices, capital outflows, rising inflation, and widening trade pressures on India
The Indian rupee weakened against the US dollar amid heightened US-Iran tensions, elevated crude oil prices, a stronger dollar and foreign capital outflows. Pressure on the domestic currency was linked to concerns over India's import bill and risk aversion in global markets, while domestic market recovery and some moderation in crude prices limited the decline. Retail inflation rose above the central bank's four per cent target, and the merchandise trade deficit widened as imports, particularly crude-related imports, increased despite stronger exports.
July 13, 2026
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Predicate-offence acquittal removes the foundation for money-laundering proceedings arising from alleged coal-block allocation irregularities
Money-laundering proceedings under the Prevention of Money Laundering Act depend on the existence of a scheduled offence and identifiable proceeds of crime. Although money laundering is an independent offence, its prosecution cannot survive when the predicate offence forming its foundation has ended in acquittal. The basis for treating property or transactions as proceeds of crime is then removed, making continuation of proceedings for money laundering and company-related liability under the PMLA legally unsustainable. Proceedings may be reopened if the acquittal is later set aside or materially varied.
July 13, 2026
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PMLA bail requires satisfaction of twin statutory conditions amid allegations of impersonation, cheating, and suspected money laundering
The reported bail proceedings concerned the twin conditions under Section 45 of the Prevention of Money Laundering Act: reasonable grounds to believe that the accused was not guilty and assurance that he would not commit an offence while on bail. The prosecution also raised concerns regarding possible evidence tampering, witness intimidation, and repetition of similar conduct. The accused relied on a serious heart ailment and constitutional protection against punitive pre-trial detention, while the reported order noted his medical stability in custody and that the investigation complaint had not yet been filed.
July 13, 2026
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Frozen political party accounts raise questions on representative authority, Election Commission recognition, and preventing money laundering during investigation
Permission to operate three Trinamool Congress bank accounts frozen by the Enforcement Directorate was sought before the Calcutta High Court in connection with a probe into alleged dishonest financial dealings, unlawful collection of money, and routing of suspected funds through specified accounts. The Enforcement Directorate challenged the petition's maintainability, asserting that the filers lacked authority and had not disclosed an ex parte civil court order. The petitioners relied on the party constitution and the Election Commission's jurisdiction over recognition of political parties, while the Enforcement Directorate maintained that releasing the funds would undermine the prevention of money laundering.
July 13, 2026
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Fake investment and work-from-home scams: laundering through mule accounts, shell entities and crypto wallets prompts asset seizures
Money laundering investigations under the Prevention of Money Laundering Act concern alleged fake online investment and work-from-home scams involving promises of lucrative returns and commissions. Funds transferred by victims were allegedly layered through mule bank accounts and shell entities, converted into cryptocurrency, and moved through multiple crypto wallets to conceal their origin and ownership. Searches were conducted at multiple locations, with cryptocurrency and cash seized and multiple bank accounts frozen under the PMLA.
July 13, 2026
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Engineering export growth reflects market diversification, trade agreements, and rising global competitiveness despite persistent international uncertainty
India's engineering goods exports increased by nearly 21 per cent year-on-year in June, rising to USD 11.48 billion. Cumulative exports during April-June of the 2026-27 fiscal reached an estimated USD 34.14 billion, reflecting 18 per cent growth over the corresponding period of the previous year. The reported export performance was attributed to free trade agreements with key partner countries, diversification of products and markets, and the increasing global competitiveness of Indian engineering products despite continuing global uncertainty.
July 13, 2026
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Rural infrastructure development through NABARD strengthens farmer support, women's financial inclusion, and climate-resilient agriculture in Rajasthan
NABARD is presented as a key partner in Rajasthan's rural infrastructure and agricultural development. Its initiatives support small and marginal farmers through Kisan Credit Cards, farmers' clubs and Farmer Producer Organisations, while the Self-Help Group-Bank Linkage Programme promotes financial inclusion among rural women. NABARD also supports climate-change resilience, honours rural development institutions and artisans, and provides grants for projects promoting climate-resilient agriculture.
July 13, 2026
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Retail inflation rises above target as food and fuel pressures challenge monetary policy outlook ahead of August review
Retail inflation based on the Consumer Price Index increased to 4.38 per cent in June from 3.93 per cent in May, exceeding the Reserve Bank's median target of 4 per cent. Food inflation rose to 5.32 per cent. The Reserve Bank's framework seeks to maintain CPI inflation at 4 per cent within a tolerance band of 2 per cent on either side. The Reserve Bank retained the benchmark policy rate at its June meeting but raised its inflation forecast for 2026-27, citing higher input costs and global energy price transmission to domestic fuel prices. Economic assessments anticipated further inflationary pressure while generally expecting the policy rate to remain unchanged at the forthcoming review.
July 13, 2026
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Money laundering proceedings fail when acquittal in the scheduled offence removes the basis for alleging proceeds of crime.
Money laundering proceedings arising from the Bander coal block allocation were terminated because the underlying predicate offences had already ended in acquittal. The central legal point reported is that, while money laundering under the Prevention of Money Laundering Act is a distinct offence, its survival depends on the continued existence of the scheduled offence and proceeds of crime. Once acquittal in the scheduled offence removed that foundation, the complaint under Section 3 read with Section 70, punishable under Section 4, was dropped and dismissed.
July 13, 2026
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Trade deficit expansion accompanies export growth as higher crude oil, electronics, machinery and gold imports outpace merchandise export gains.
June trade data shows export growth alongside a wider merchandise trade deficit because imports increased faster than exports. The higher import bill was driven mainly by crude oil, with electronics, machinery and gold also adding to import pressure. April to June figures reflect the same trend, with cumulative imports outpacing export growth and enlarging the merchandise trade gap. Export strength was reported in sectors such as electronics, iron ore, handicrafts, meat and dairy products, while services trade estimates for June indicate a surplus as services exports exceeded services imports.

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MoSPI organized a National Workshop on “Using Alternate Data Sources and Frontier Technologies for Policy Making” during 5-6 June 2025

June 7, 2025

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Need of the best policy which blends both traditional and alternative data sources, says Prof. Ajay Kumar Sood, PSA to GoI

Need for institutionalized hybrid data ecosystem which has equal place for traditional & alternate data sources: Prof. Abhay Karandikar, Secretary, DST

Alternate data sources can be used in real time to supplement traditional data sources for policy making: Dr. Saurabh Garg, Secretary, MoSPI

The Ministry of Statistics and Programme Implementation (MoSPI), in collaboration with NITI Aayog and the World Bank as knowledge partner, conducted a two-day National Workshop on ‘Using Alternate Data Sources and Frontier Technologies for Policy Making’ at Bharat Mandapam, New Delhi during 5-6 June, 2025.

The National Workshop concluded with a Valedictory Session on 6 June, 2025.  The Valedictory Session was graced by Prof. Ajay Kumar Sood, Principal Scientific Advisor (PSA) to GoI as the Chief Guest; Prof. Abhay Karandikar, Secretary, D/o Science and Technology; Dr. Saurabh GargSecretary, MoSPI and Shri P.R. Meshram, Director General, MoSPI.  The two-day workshop was attended by over 450 participants from central ministries, state governments, international organisations including the World Bank, academic and research institutions, and private sector entities.

In his address, Prof. Ajay Kumar Sood, Principal Scientific Advisor to GoI and the Chief Guest of the event emphasized that alternate data sources and frontier technologies are increasingly becoming critical for policy making. These high frequency indicators are more dynamic and offer timely insights, enabling policies to be more agile and responsive. While traditional data sources reflect where we have been, the alternate data sources indicate where we are heading. He added that though alternate data sources provide real time information at a much granular level, they cannot replace tradition data sources. He emphasized the need for the best policy which blends both traditional and alternative data sources. He highlighted various use-cases where alternate data sources have been effectively used. He stressed on the need for collaboration between Government, academia, researchers, industry and international organizations for effective use of new technologies. He also called for ethical deployment of AI and said that data security and privacy concerns cannot be compromised. Further, he asserted that the development of techno-legal framework for Digital Public Infrastructure is a gift of India to the World.

Prof. Abhay Karandikar, Secretary, D/o Science and Technology in his address remarked that the policy making process is a complex exercise which involve gathering of data, consultation with stakeholders and drawing insights. AI/ML has facilitated timely processing of data for designing actionable policies. In this age and time, challenge is not to collect data but how to make sense of the data. The real challenge lies in addressing issues relating to data privacy, data security, regulatory framework, and institutional readiness. He emphasized on the need for institutionalized hybrid data ecosystem which has equal place for both traditional and alternate data sources.  

Dr. Saurabh Garg, Secretary, MoSPI, in his address emphasized on the need of fostering collaboration with various stakeholders for developing a robust statistical system to address the data needs for policy making. He opined that as survey data becomes available with a time lag; alternate data sources can be used to supplement traditional data sources for policy making in real time. While quoting the United Nations Fundamental Principles of Official Statistics, he emphasized that for statistical purposes best combination of the four data sources, namely surveys, censuses, administrative records and alternate data sources may be drawn with quality and timeliness along with limiting cost and respondent burden. He expected that in next 3-6 months, MoSPI will be able to implement some of the use cases that have been identified to harness alternate data sources and the application of frontier technologies.  He thanked World Bank for conceptualizing and NITI Aayog for collaborating with MoSPI in organizing this workshop and expressed that India will be at the forefront of integrating alternate data sources and frontier technologies in the National Statistical Frameworks.

In the welcome address, Shri P.R. Meshram, Director General (Data Governance) expressed gratitude to NITI Aayog, World Bank, and other participants for their active involvement during the course of two-days event. He added that the workshop has not only deepened our understanding of the challenges in integration of alternate data sources in the statistical system of the country, but also helped charting out the solutions to the challenges.

The key highlights of the four technical sessions on the subjects, viz, AI and Data Science for Official Statistics; Mobile Phone Data for Tourism Statistics; Geo-spatial Data for Sampling, Ocean Accounting and Data Dissemination and Scanner data for CPI compilation held during Workshop were also discussed during the valedictory session along with key takeaways. Some of the salient points of the technical sessions are as under:

(i)  AI and Data Science for Official Statistics:

Technical sessions on the subject started with setting the context for use of AI and data science in official statistics and identifying key stakeholders. Way forward for National Statistics Office considering the stage it is in i.e. from pilot stage to production stage was discussed during the session. Shri Abhishek Singh, CEO India AI and Ms Debjani Ghosh, Chief Architect, Frontier Tech Hub, NITI Aayog, Shri Ankit Bose, Head AI, NASSCOM, Prof. Balaraman Ravindran, IIT-Madras, Mr. Richard Campbell, UK ONS; and Mr. Thomas Danielewitz, Ms. Malar Veerappan, Ms. Shreya Dutt from World Bank were among the key speakers.

(ii)  Mobile Phone Data for Tourism Statistics:

Technical Sessions on the subject focused on discussion to devise a methodological framework using mobile phone data for tourism statistics tailored to Indian needs and covered relevant issues like data privacy and regulatory challenges. Use-cases from other countries for tourism, urban mobility and infrastructure assessment were discussed during the technical session. Shri Safi A. Rizvi Advisor, NDMA, Mr. Siim Esko, International Project Development Lead, Positium, Ms. Esperanza Magpantay, Senior Statistician, International Telecommunication Union, Ms. Titi Kanti Lestari, Atma Jaya University, Indonesia, Mr. Asit Kadyan, D/o Telecommunication, GoI and Mr. Sagar Mathur, Vice President, Airtel were among the key speakers.

(iii)  Geo-spatial Data for Sampling, Ocean Accounting and Data Dissemination:

Technical Sessions on Geo-spatial Data for Sampling, Ocean Accounting and Data Dissemination of the workshop highlighted the transformative potential of geospatial technologies in enhancing official statistics, with a focus on updating sampling frames in urban areas, improving data collection, integration, and dissemination. The latter part of the technical session was devoted for exploring the application of geospatial data in ocean accounting. The session featured enriching presentations and discussions by Mr. Richard Campbell, Deputy Director, UK Office for National Statistics; Ms. Kate Hess, Solution Engineer, ESRI; Shri Srikant Shastri, Chairperson, Geospatial Data Promotion & Development Committee; and Ms. Anija Shukla, Environment Specialist, World Bank, Ms. Rashmi Verma, Co-Founder, MapMyIndia along with experts from NRSC, INCOIS, NCCR and various academic and research institutions. Speakers demonstrated advanced geospatial tools integrated with AI techniques for feature extraction, change detection, and spatial stratification, showcasing use cases that illustrated the value of GIS-AI convergence for dynamic visualizations, real-time dashboards, and evidence-based policymaking.

(iv)  Scanner data for CPI compilation:

Technical sessions on the subject covered concepts and methodologies related to scanner data, web scraping techniques, requisite IT infrastructure and other available alternative data sources for integration in Consumer Price Index (CPI). Key speakers in the session were Mr. Federico Polidoro, World Bank; Mr. Luigi Palumbo from Bank of Italy, Prof. Himanshu from JNU, Dr. Aditi Chaubal from IIT Bombay, Shri Anand Agarwal from V-Mart, Ms. Sonu Shah from Nielsen IQ and many others from industry and academic organisations. Sessions provided valuable insights for accelerating MoSPI’s ongoing efforts for integration of alternative data sources, particularly scanner data and e-commerce data in CPI compilation methodology.

The workshop concluded with the vote of thanks by Dr. Ashutosh Ojha, DDG, MoSPI. He expressed gratitude to the Chief Guest, other dignitaries, participants from Multilateral agencies, industries, academia, researchers as well as officers from both central and state governments for gracing the event.

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