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    Protection in predicate offence doesn't automatically extend to PMLA case: Delhi HC
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August 22, 2026
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Independent PMLA proceedings require separate anticipatory bail assessment; predicate-offence protection alone cannot establish pre-arrest protection.
Protection in a predicate-offence FIR does not automatically extend to independent PMLA proceedings. Anticipatory bail in a money-laundering investigation must be assessed under the applicable PMLA condition and on the material connecting the applicant to alleged proceeds of crime. Relevant considerations include the financial trail, recorded statements, bank-account analysis, compliance with summonses, cooperation with inquiry, and the need for personal participation in evidence collection and confrontation with documentary and digital material.
August 22, 2026
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Financial accessibility for Divyangjans requires compliance standards, practical implementation measures and stronger institutional capacity across financial services.
Accessibility of financial services for Divyangjans was examined through a workshop focused on public sector banks, insurance companies, regulators and public financial institutions. Discussions covered accessibility standards, compliance requirements, legal provisions, practical implementation challenges and institutional best practices under the Sugamya Bharat initiative. Participants considered operational measures to strengthen institutional capacity, inclusivity and equitable access to financial services.
August 22, 2026
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Audit quality enhancement for small and medium auditors emphasises technology, global standards, inspection insights and stronger financial reporting.
Audit quality and financial reporting reliability were the focus of NFRA's outreach programme for small and medium audit firms. The programme promoted professional capacity-building, alignment with contemporary global standards, adoption of appropriate audit technology, and the public-interest role of the accountancy profession. Technical sessions covered audit strategy documentation, risks of material misstatement, and practical lessons from audit-firm oversight to support improved day-to-day audit practice and high-quality financial reporting.
August 22, 2026
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Cartelisation by agro-input dealer associations attracted monetary sanctions, cease-and-desist directions, and mandatory competition-compliance training for responsible officials.
Cartelisation by the two agro-input dealer associations and named individuals contravened Section 3(3)(b) read with Section 3(1) of the Competition Act, 2002. Monetary sanctions were imposed, and association office-bearers were held liable under Section 48. The parties and liable officials were directed to cease and desist from future anti-competitive conduct and to organise competition-compliance training to promote awareness and compliance within the associations.
August 22, 2026
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Circular economy partnerships promote resilient value chains, resource efficiency and sustainable growth alongside evolving India-EU trade integration.
India-Finland circular economy cooperation is being developed through business, technology, investment and commercial partnerships supporting resource-efficient and sustainable growth. Discussions focused on competitive and resilient value chains based on circularity, traceability, resource efficiency and sustainable business practices. Circular economy principles extend beyond waste management into product design, value chains, resource use, skills development and new business models. The India-EU free trade agreement remains subject to legal review and formal ratification and is not yet in force.
August 22, 2026
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Bid rigging through pre-bid exchange of sensitive price information attracted penalties and cease-and-desist directions in tyre procurement.
Bid rigging in tyre procurement was established where Rekha Agencies and SS Marketing exchanged commercially sensitive price-bid information before submitting bids for the Himachal Pradesh Tender 2013. The concerted conduct contravened the prohibition on anti-competitive agreements and bid rigging. Monetary penalties and cease-and-desist directions were imposed on both enterprises. An official of Rekha Agencies was also penalised for liability arising from the contravention, while proceedings against the official of SS Marketing stood abated following his death.
August 22, 2026
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Import tariffs on Canadian products trigger potential retaliatory levies after bilateral negotiations fail to reach agreement.
Import tariffs on Canadian products are set to be imposed by the United States at a 50% rate after bilateral negotiations did not produce an agreement. The measures cover products including hockey sticks and tongue depressors and affect a limited share of Canada's annual exports to the United States. Canada has indicated possible retaliatory levies, intensifying the bilateral trade dispute.
August 21, 2026
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Rupee exchange-rate movement reflected geopolitical tensions, crude oil conditions and market intervention, while export payment rules expanded rupee invoicing.
Foreign Trade Policy amendments facilitate export invoicing and receipt of payments in Indian rupees. For exports to countries outside the Asian Clearing Union, export contracts and invoices may be denominated in Indian rupees or any foreign currency. The earlier general requirement that export earnings be received in a freely convertible currency is thereby eased, while applicable rules continue to vary according to destination.
August 21, 2026
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Non-controlling land-bordering country ownership permits eligible foreign investment through the automatic route, subject to sectoral conditions and reporting.
Foreign direct investment may use the automatic route where non-controlling beneficial ownership from a land-bordering country in the investor entity does not exceed 10%, subject to sectoral caps, entry routes and other applicable conditions. The beneficial ownership test applies at the investor-entity level. Eligible investors need not obtain separate prior Government approval after reporting relevant information to the Government. The framework replaces the earlier approval requirement applicable even to minimal beneficial ownership from land-bordering countries.
August 21, 2026
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Climate-resilient urban water security modernises Chennai's supply and sanitation systems through ring-main infrastructure, digital monitoring, and safer sewer operations.
Chennai Climate-Resilient Water Security and Sewerage Project modernises and expands water supply and sanitation infrastructure through a loan arrangement between the Government of India and the Asian Development Bank. Measures include new pipelines, upgraded pumping stations, performance-based utility operations, and a comprehensive ring-main system to improve water-pressure balance, distribution efficiency, reliability and climate resilience. Digital monitoring and advanced blockage-detection technology are intended to improve operational decisions, customer responsiveness and worker safety while eliminating hazardous manual sewer inspections.
August 21, 2026
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Capacity-based taxation targets undeclared pouch-packing machinery used for clandestine pan masala and tobacco production and untaxed clearances.
Capacity-based taxation of pan masala and specified tobacco products is determined by the number, type and capacity of installed pouch-packing machines. Searches at interconnected manufacturing and trading premises detected unregistered operations using undeclared machinery for clandestine manufacture and clearance of pan masala, scented jarda and gutkha without payment of GST, HSNS cess and central excise duty. Finished goods, raw materials, packing materials and machinery were seized. The manufacturing firm's proprietor was prima facie identified as managing the operation and was arrested under the applicable cess and central excise laws.
August 21, 2026
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Technology risk oversight requires Urban Co-operative Banks to retain accountability while building shared and role-specific capabilities.
Urban Co-operative Banks must strengthen digital and risk-management capabilities as technology dependence exposes them to cyber threats, fraud, service-provider failures and common-platform vulnerabilities. Outsourcing critical systems does not transfer the bank's responsibility for oversight, safeguards and continuity. Boards and senior management must retain sufficient knowledge to supervise external providers effectively. Mission SAKSHAM supports role-specific, continuous capability building through physical and online learning, while collective infrastructure and shared expertise can supplement individual institutional capacity.
August 21, 2026
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Foreign exchange market modernisation prioritises delegated decisions, customer transparency, digital workflows, local-currency settlement and accountable risk management.
Foreign exchange market modernisation advances a facilitative, principles-based framework based on delegated decision-making by Authorised Dealers, risk-based reporting, and customer-centric service standards. Authorised Dealers must apply clear internal policies, avoid unnecessary documentation, disclose charges, timelines and grievance mechanisms, and ensure consistent treatment of comparable transactions. Local-currency settlement requires viable trade corridors, competitive hedging, correspondent relationships and robust AML/CFT controls. Digital workflows, electronic trading and reporting infrastructure should improve transparency and resilience, while automated tools remain subject to explainability, review and data-protection safeguards.
August 21, 2026
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Sugar price containment measures restrict stockholding, permit duty-free imports, and strengthen inventory verification to deter hoarding.
Sugar price containment measures include stock limits for dealers, consumption-based inventory restrictions for bulk consumers, duty-free raw sugar imports, and physical verification of mill stocks to prevent hoarding and artificial scarcity. Price increases are attributed to lower domestic output, festive demand, crop damage, tighter global supplies, and speculation rather than sugar diversion for ethanol. Earlier crushing is advised to improve seasonal availability, while the ethanol programme supports management of sugar surpluses, mill liquidity, and timely sugarcane payments.
August 21, 2026
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Cross-border insolvency enforcement constrains asset recovery as Evergrande liquidation, founder asset confiscation, and audit-related claims continue.
Evergrande's insolvency process involves liquidation proceedings for its mainland property-development unit and its Hong Kong-listed holding company. Cross-border recovery is constrained by separate Hong Kong and mainland China legal systems, particularly because most operational assets are located in mainland China. Liquidators are pursuing asset-tracing and recovery measures against the founder and connected persons, as well as claims concerning pre-collapse audits. Investigations identified revenue overstatement through manipulated financial data. Creditor recoveries are expected to be limited due to substantial liabilities and constraints on asset realisation.
August 21, 2026
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Foreign exchange reserves rose through higher currency assets and gold holdings amid measures to attract external forex inflows.
India's foreign exchange reserves increased during the reporting week, led by higher foreign currency assets and gold reserves. Foreign currency assets include the dollar-value effects of movements in non-US currencies held as reserves. Special drawing rights declined marginally, while the reserve position with the International Monetary Fund increased marginally. Concessional swap arrangements formed part of measures to attract foreign-exchange inflows, while earlier reserve movements were linked to rupee pressure and dollar-sale intervention in the foreign-exchange market.
August 21, 2026
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Incremental tariff recovery aligns airport user charges with completed infrastructure, preventing passengers from funding non-operational capital projects prematurely.
User development fees and airport tariffs for Bengaluru International Airport have been revised for the April 2026 to March 2031 control period. The incremental Average Revenue Requirement framework excludes costs of identified high-value capital projects from tariffs until the relevant assets are completed, commissioned and available for users. Incremental tariff recovery may begin only upon operational availability, aligning charges with infrastructure use, reducing premature recovery risk for passengers and airlines, and encouraging timely completion of major capital works.
August 21, 2026
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Customer experience analytics enables banks to convert real-time feedback into operational improvements across high-value customer journeys.
Customer experience analytics is used in banking to transform customer data and real-time feedback into operational improvements across key customer journeys. Operational teams retain responsibility for strategy and execution, supported by in-house analytics and technology platforms for multi-channel journey mapping, journey analytics and prioritisation of high-value customer segments. AI-driven customer experience management tools capture customer signals, analyse journey performance and operationalise actionable insights across teams.
August 21, 2026
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Predicate-offence dependency limits retrospective addition of old FIRs to preserve money-laundering proceedings after the original scheduled offence is closed.
Predicate-offence dependency under the Prevention of Money Laundering Act requires an ECIR to rest on a subsisting scheduled offence. Closure of the FIR forming its basis through an accepted cancellation report prevents continuation of money-laundering proceedings unless that closure is overturned. A previously registered FIR cannot be belatedly added merely to preserve an existing ECIR and coercive powers. Where statutory requirements are met, an independently registered ECIR may be required. Expansion of an ECIR cannot rest solely on tenuous factual links between successive disputes.
August 21, 2026
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Indian rupee export invoicing rules now permit overseas contracts and invoices in rupees or foreign currency for eligible destinations.
Foreign Trade Policy provisions were amended to facilitate invoicing of overseas exports and receipt of export payments in Indian rupees. For exports to countries outside the Asian Clearing Union, export contracts and invoices may be denominated in Indian rupees or any foreign currency, replacing the earlier general requirement that export earnings be received in a freely convertible currency. The applicable requirements vary according to the destination country.

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CFA Society India Hosts the 10th Annual India Wealth Management Conference

September 2, 2025

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“A new generation of investors—aspirational, digital-native, and globally oriented—is reshaping the expectations of advice and service.” Mumbai, Maharashtra, India – Business Wire India CFA Society India hosted the 10th edition of its marquee conference, India Wealth Management Conference in Mumbai on 29 August 2025. Over 500 delegates including CFA charterholders, investment professionals, and wealth managers participated in the conference. Co-hosted by CFA Institute, the global association of investment professionals, the annual conference brought together investment thinkers, policymakers, and industry practitioners to share insights, explore trends, and discuss the future of investing.

The day-long industry symposium explored a wide range of topics such as global shifts in wealth management, India’s wealth growth story, advisory vs distribution models, investment strategies employed by family offices, growth opportunities in private banking, risk profiling & suitability, wealth architecture, manager selection and capital allocation in philanthropy.

The conference was chaired by Shamit Chokshi, CFA (Director, CFA Society India and Global Asset Management expert) and Vijayanand Venkataraman, CFA (Director, CFA Society India and Co-Founder, Wealth Yantra Technologies Private Ltd).

“Agile, Inclusive and Global, the theme of the conference captures the essence of transformation in the Wealth Management landscape capturing the advisor, the aspirations of the investor and nature of advice,” said Vijayanand Venkataraman, CFA, Conference Chair.

Arati Porwal, Senior Country Head, India, CFA Institute, delivered the conference opening remarks highlighting the transition of India’s wealth management industry from a boutique service into a technology-driven, client-focused ecosystem. She emphasized the importance of financial knowledge as a profound enabler and reiterated the role of CFA charterholders as guardians of the various financial dreams of their clients. She also spoke about CFA Institute and its commitment in upholding the highest ethical and professional standards within the Indian and global investment management industry and promoting thought leadership, advocacy, research, and enabling industry dialogue.

The first session of the day, “Building your Portfolio - Practical Considerations,” said Rajesh Adwalpalker, CFA (MD & Head of Investment Lab, Asia, Citi Private Bank) and Shamit Chokshi discussing unique investment situations faced by wealth managers, family officers and Ultra High Networth (UHNW) clients in ASEAN and North Asian markets while building investment portfolios. They deliberated on the resilience of the 60/40 portfolio to generate superior long-term returns despite the occurrence of tail risk events, and adding that alternative asset classes may optimise risk adjusted outcomes further. Rajesh also discussed the scope for alternative best practices including building an IPS, creating strategic benchmarks, getting invested and managing risk. The session gave insights into how family offices invest and also covered the challenges of employing asset allocation strategies for investors with different risk profiles.

This was followed by a panel discussion titled “Learning from the Legacy: What Family Offices Reveal About Building Enduring Wealth” led by Natasha Adnani, CFA (VP, Investments, Nadathur Estates) and Abhishek Khandelwal (CFO, Snow Leopard Ventures). The session was moderated by Aanchal Almal, CFA (AVP, Products, TrustPlutus Wealth and Co-Chair, Mumbai Chapter, CFA Society India). The discussion offered insights on how the country’s most sophisticated family offices with significantly different backgrounds started and evolved over past several years. Key elements of multi-generational wealth preservation, governance, capital allocation decisions, return expectations, lessons learnt, establishing guardrails and managing liquidity, risk, and return across investment life stages were discussed at length.

The next session had Marc Pilgrem (MD & CEO, Jio BlackRock Investment Advisers) who presented his views on, “Reimagining Wealth Management.” Satish Betadpur, CFA (Senior MD & Head of Investments- India, State Street Investment Management), moderated the session. The talk enlightened the conference delegates about the global shifts in wealth management from product-push to advice-led, fee-based, and digital-first models. Marc spoke about how fee based propositions built around portfolio and planning solutions are becoming increasing important in US and EMEA Wealth industry. Marc shared his insights on how to apply the global learnings to India by working on deep structural changes to encourage people to move from saving to investing.

There was also an update on “20 years of Indian Association of Investments Professionals” by Rajesh Sehgal, CFA (Chairperson, CFA Society India and Managing Partner, Equanimity Investments) wherein he looked back at CFA Society India’s two-decade journey being built on shared values and a common purpose. He highlighted the Society’s key milestones of being a strong community growing from just 50 to 2,600 members and the successful shift from knowledge sharing to skill-based learning events, new marquee events, efforts around member value addition, deeper employer connect, global orientation, diversity while acknowledging the persistent efforts of volunteers who have been instrumental in shaping the Society’s journey.

The last panel discussion was on the topic “Balancing Trust & Growth: The CEO Playbook for Private Banking” by Atul Singh (CEO & MD, LGT Wealth India) and Vipul Kapur (Head of Mashreq Private Banking, Mashreq). The engaging discussion moderated by Apurva Sahijwani (MD & CEO, Avendus Wealth Management) helped in understanding the evolving client needs in India’s high-net-worth and ultra-high-net-worth segments, including personalization, global investment access, and intergenerational wealth transfer. The panelists evaluated strategies that private banking CEOs use to deliver differentiated client experiences while maintaining trust, transparency, and compliance. They also analysed key business model challenges such as talent acquisition, technology adoption, regulatory change, and rising competition from non-traditional players.

This year’s conference also featured four pre-conference workshops on Manager Selection, Risk Profiling & Suitability, Impact by Design and Wealth Architecture offering attendees an opportunity for deeper learning and practical engagement ahead of the main sessions.

About CFA Society India* The Indian Association of Investment Professionals (IAIP), the India Society of CFA Institute, was established in April 2005 as an association of local investment professionals consisting of portfolio managers, security analysts, investment advisors and other financial professionals. As one of the over 160 CFA Institute member societies, the IAIP connects local CFA Institute members to a global network of investment professionals. For the continuing upgradation of knowledge and skills of members, IAIP conducts speaker events and workshops led by leading finance professionals. Find us at www.cfasocietyindia.org or follow us on LinkedIn and X @CFASocietyIndia.

*CFA Society India is a registered trademark of CFA Institute licensed to be used by the Indian Association of Investment Professionals.

About CFA Institute As the global association of investment professionals, CFA Institute sets the standard for professional excellence and credentials. We champion ethical behavior in investment markets and serve as the leading source of learning and research for the investment industry. We believe in fostering an environment where investors’ interests come first, markets function at their best, and economies grow. With more than 200,000 charterholders worldwide across 160 markets, CFA Institute has 10 offices and 160 local societies. Find us at www.cfainstitute.org or follow us on LinkedIn and X at @CFAInstitute.

To View the Image, Click on the Link Below: Speakers-Atul Singh, CEO & MD, LGT Wealth India, Vipul Kapur, Head - Private Banking, Mashreq, Apurva Sahijwani, MD & CEO, Avendus Wealth Management (Disclaimer: The above press release comes to you under an arrangement with Business Wire India and PTI takes no editorial responsibility for the same.). PTI PWR

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