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September 21, 2026
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PMLA-IBC interface examines challenges in harmonising insolvency resolution with money-laundering asset attachment, investigation, tracing and enforcement.
The PMLA-IBC interface addresses reconciliation of insolvency resolution with anti-money-laundering enforcement where corporate debtor assets are attached during resolution. Section 32A is central to this interaction, although harmonised implementation remains challenging. The framework also considers money-laundering stages, hawala transactions, financial investigation, asset tracing, and evolving judicial approaches to aligning insolvency objectives with enforcement measures.
September 21, 2026
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Evolving insolvency law relies on legislative amendments and regulatory mechanisms to respond effectively to changing market conditions.
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September 20, 2026
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Tariff policy and trade truce reshape bilateral engagement as rare-earth leverage limits coercive economic measures.
United States-China trade relations are being conducted through continued tariff policy, prior export restrictions, and a trade truce after escalating tariffs did not achieve their intended effect of changing Chinese economic conduct. China's concentrated supply of rare-earth inputs used in electronics provided negotiating leverage and contributed to the trade armistice. Indications that Chinese goods are routed through third countries to lessen tariff exposure qualify the decline in the bilateral goods imbalance. Continued tariffs have not constrained China's manufacturing expansion or its access to export markets.
September 20, 2026
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Ten-year director tenure cap governs removal of ineligible cooperative bank board members after regulatory review.
RBI required Latur District Central Cooperative Bank to remove directors considered ineligible for exceeding the ten-year maximum tenure applicable to district central cooperative bank directors. The action invoked director ineligibility under the Banking Regulation Act. Following a complaint and a court-directed timeline for regulatory action, RBI sought responses from the concerned directors, seven of whom resigned. An issue was raised over whether the tenure cap could apply retrospectively to appointments made before its stated commencement and whether it was being applied uniformly.
September 19, 2026
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Biometric Aadhaar authentication becomes essential for domestic LPG consumers seeking regulated subsidised refill bookings, while market-price supply remains available.
Biometric Aadhaar authentication is required from October 1 for domestic LPG consumers to book subsidised refills at the regulated retail selling price. Authentication can be completed through delivery personnel, distributor showrooms or designated mobile applications. Consumers unwilling or unable to authenticate may obtain LPG at the applicable market price without subsidy after registering their choice through specified digital channels. The framework distinguishes subsidised LPG linked to Aadhaar-authenticated consumers from market-priced LPG and seeks targeted subsidy delivery, reduced leakage, and prevention of diversion, duplicate connections and ineligible access.
September 19, 2026
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Cooperative bank director tenure limits require disqualification and removal when service exceeds the statutory maximum period.
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September 19, 2026
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Tariff treatment of Indian exports shifted from reciprocal duties to targeted trade measures, sectoral duties, and specified exemptions.
Upon expiry of the temporary global measure, an India-targeted 10 per cent Section 301 tariff, linked to forced-labour concerns, replaced it; the effective charge for most covered exports remained MFN duty plus 10 per cent. The current regime applies the Section 301 tariff to Indian exports except specified goods, with separate sectoral duties on steel, aluminium and auto components. Smartphones, medicines and energy products are exempt.
September 19, 2026
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PMLA-based FIR request over alleged consultancy payments remains under legal examination amid criticism of non-registration.
Enforcement Directorate sought registration of an FIR concerning alleged fraudulent payments by Cochin Minerals and Rutile Ltd to Exalogic Solutions, represented as IT consultancy fees. The request relied on evidence gathered through investigation and searches under the Prevention of Money Laundering Act. Registration remained under consideration after receipt of the Advocate General's legal opinion, with the Home Department examining the matter.
September 19, 2026
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Free trade agreements expand market access, entrepreneurial partnerships and youth career opportunities alongside public-sector recruitment and development participation.
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September 19, 2026
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AI governance for regulated financial services enables natural-language automation while preserving enterprise security, auditability, control, and scalable deployment.
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September 19, 2026
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Recurring token reward distributions connect eligible holdings, platform activity, and partner participation through hourly settlement cycles.
BC Engine permits eligible $BC holdings to participate in hourly settlement rounds distributing BCD rewards. Participants can monitor active balances, cumulative rewards, unclaimed BCD, and settlement history through the Engine interface. Settlement amounts vary with ecosystem activity, while the mechanism links platform activity, token utility, user participation, and commercial partners through repeated value distribution rather than one-time promotional incentives.
September 19, 2026
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Asset monetisation of surplus public land and buildings is accelerated through transparent, value-oriented processes and stakeholder coordination.
NLMC's Board recommended monetisation proposals involving surplus land and building assets valued at over Rs. 5,000 crore. Monetisation is facilitated through asset identification, due diligence, valuation and appropriate process structuring, with emphasis on transparency, efficiency and value realisation. Sustained coordination with asset-owning entities is intended to expedite implementation and support timely, commercially appropriate monetisation of underutilised public assets.
September 19, 2026
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Zero forex markup on credit cards applies automatically to international transactions without conditions while preserving applicable rewards.
Zero Forex Markup applies automatically to international transactions made through all existing and new credit cards, without a new-card application, upgrade, spending threshold or other stated condition. International card spends do not attract forex markup charges. Reward Points or Cashback, where applicable to the relevant card, continue on international transactions. Existing credit cards may be used for overseas and cross-border payments without requiring a separate forex card solely to avoid such charges.
September 18, 2026
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Foreign exchange reserve valuation reflects currency movements as foreign currency assets and gold holdings decline.
India's foreign exchange reserves declined to USD 780.782 billion for the week ended September 11, driven by reductions in foreign currency assets and gold holdings. Foreign currency assets fell to USD 645.796 billion, with their dollar value reflecting movements in reserve currencies against the US dollar. Gold reserves also declined, while Special Drawing Rights increased to USD 18.845 billion. The reserve position with the IMF stood at USD 4.916 billion.
September 18, 2026
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Bulk sugar stockholding limits now allow expanded inventories only where additional supplies derive from designated import channels.
Bulk sugar consumers using more than 10 tonnes monthly as a raw material may hold up to 30 days' requirement instead of 15 days. Holdings above 15 days must consist exclusively of sugar imported under the Tariff Rate Quota or Advance Authorisation Scheme; sugar obtained from the open market remains restricted to 15 days' consumption. Bulk consumers must declare and disclose their sugar inventories every Friday through the food ministry's online portal.
September 18, 2026
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Trade facilitation and digitalisation support regional economic cooperation through simpler customs procedures, paperless exchange, resilient supply chains, and MSME access.
Priority measures included expanded intra-SCO trade, lower trade costs, resilient and diversified supply chains, trusted multimodal connectivity, greater market access, simplified customs processes, paperless trade and electronic document exchange. Digital and cross-border payments and accessible trade finance were identified to enable MSMEs and start-ups to participate in trade and value chains. Ministers agreed an Action Plan for 2026-2030 for further approval and approved regulations for a special working group on creative-economy development.
September 18, 2026
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Customs cooperation and trade facilitation advance electronic origin verification, pre-arrival information exchange, and safeguards against preferential trade misuse.
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September 18, 2026
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Preferential equity issuance approved to strengthen capital, support digital lending expansion, and fund subsidiary operations subject to required approvals.
OnEMI Technology Solutions Limited has approved a preferential issue of equity shares to identified investors, subject to shareholder and requisite regulatory and statutory approvals. The issuance is proposed under the Companies Act, 2013, the SEBI capital-issue and disclosure framework, other applicable SEBI regulations, and applicable law. Seventy-five per cent of the additional capital raised is proposed for infusion into its wholly owned subsidiary to support lending, technology, digital capabilities and product expansion, while the remaining twenty-five per cent is proposed for general corporate purposes.
September 18, 2026
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Fraudulent input tax credit claims through bogus invoices prompted arrest over alleged invoicing without actual supply of goods.
Alleged fraudulent availment, utilisation and passing on of inadmissible input tax credit involved invoices from purported suppliers found to be non-existent, non-functional, suspended or cancelled. Input tax credit was allegedly claimed without actual receipt of goods and passed on through invoices unsupported by corresponding supplies. Following investigation and recorded statements, the proprietor of an iron and steel trading firm was arrested under statutory arrest powers, while further investigation remains in progress.

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Lockheed Martin pitches C-130Js as 'best' choice for IAF's tactical airlift requirement, plans production hub in India

December 28, 2025

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Marietta (US), Dec 28 (PTI) As India prepares to procure up to 80 military transport planes, US aerospace major Lockheed Martin has pitched its C-130J Super Hercules as the best choice and said an additional fleet of the aircraft will provide it a "stronger" heft for tactical airlift among the Quad nations.

If Lockheed Martin gets the opportunity, then it will set up a mega hub in India to produce the "iconic" aircraft and it will be the first such global facility outside of the US, top officials of the company told PTI.

To date, Lockheed Martin has delivered more than 560 aircraft from the C-130J Super Hercules family, which have accumulated more than three million flight hours. The leading tactical airlift has been serving 28 operators in 23 nations.

The Indian Air Force (IAF) currently operates 12 C-130Js.

Alongside the standard transport variant, Lockheed Martin offers multiple specialised configurations of the C-130J which enable the aircraft to perform intelligence, electronic warfare, special forces support, search and rescue and command roles.

Besides India, the three other Quad member nations -- the US, Australia and Japan -- have been operating C-130Js.

"The C-130J Super Hercules offers superior performance and capabilities for every theatre of operations. This aircraft will be the best option for India," Patricia Trish Pagan, Vice President, Air Mobility and Maritime Missions at Lockheed Martin, said.

In 2022, the IAF issued a Request for Information (RFI) to purchase medium transport aircraft (MTA) to replace its ageing fleet of Soviet-era AN-32 and IL-76 planes.

The IAF plans to procure around 80 military transport aircraft and the multi-billion dollar procurement is likely to be cleared by the Defence Acquisition Council in the next few weeks.

Brazilian plane maker Embraer's KC-390 Millennium aircraft and Airbus Defence and Space's A-400M plane are also in the race for the MTA programme.

The US defence major has partnered with Tata Advanced Systems to bid for the C-130J Super Hercules programme.

Currently, Lockheed Martin is in the process of incorporating new innovations into the C-130Js, including Distributed Aperture System (DAS) that is a key component onboard the F-35 Lightning combat jets.

The DAS is a spherical sensor suite with six infrared cameras providing rigorous situational awareness, missile warning, and night vision for pilots.

Roderick McLean, Vice President, Sustainment Operations at Lockheed Martin Aeronautics said the MTA programme can impart a "new strategic value" to India-US partnership as it will allow both sides to strengthen defence industrial base.

McLean also asserted that there is no tactical airlift plane in history that matches the relevance and versatility of the C-130Js as it benefitted from over 70 years of innovation and new features like artificial intelligence are being incorporated.

"We are doing a lot on connectivity to be able to connect systems from seabed up to space. We are looking at all of the connectivity systems that we have and how do we bring those systems into the C-130Js and how do we make them available to meet the needs of the IAF and others around the world," he said.

"The value the C-130Js provide is not only what it does today, but it is what it will be able to do in the future through continuous innovation and also allow the IAF to partner with Lockheed Martin to leverage the strength of the company," he added.

McLean said the MTA programme will be a very major opportunity for future growth of the C-130J fleet. "It represents the largest international opportunity for C-130s in its 70 years history." Robert Toth, the vice president, business development, air mobility and maritime missions at Lockheed Martin Aeronautics said the C130Js are a "symbol of hope" around the world and that it will be the right choice for India's MTA programme.

"It (the aircraft) really is something that when you see it you know that something good is coming out of it." He said the C-130J Super Hercules has a proven track record as the IAF has been operating it for a variety of missions for the last several years.

"The IAF understands what it takes to support, maintain and operate the airplane. It is not going to be an experiment starting out with something new. It is a proven, durable platform that they can operate with absolute confidence," he said.

Tot described as very significant Lockheed Martin's plan to establish the first major production hub outside of the Marietta facility in India for the aircraft.

"Out of the over 2,700 C-130s that have been built, only the first two prototype airplanes were built outside of Marietta. They were built in Burbank, California," he said.

Toth said the proposed hub for manufacturing of the aircraft will also open doors for its possible exports to various other markets.

"I think what you will see though is that there is further opportunity to have exports that will come back to the United States and potentially to all of our other operators around the world," he said.

Toth argued that India procuring an additional fleet of C-130J Super Hercules will provide it an edge in the Quad, adding the aircraft has been a "centrepiece" of the air forces of the grouping's member nations.

Australia is in the process of currently replacing their original fleet of C-130Js with brand new C-130Js. Japan is also planning to do the same.

"The US inventory of C-130Js continues to grow. And we believe that India possessing more C-130Js through the India MTA programme gives it a stronger position for airlift within the Quad," Toth said.

He also said that Lockheed Martin will be able to deliver the planes to India much faster than any of its competitors.

"We are building between 20 and 24 airplanes a year here in Marietta, Recently, we produced as many as 36 airplanes a year here. And in some years we've produced even more than that." Toth said the company has the ability to increase the production rate to meet any global demand.

"I believe we can meet the demand for India's initial airplanes faster than any of our competitors because of the production line we have out here today," he said.

"I think we have the surge capacity to produce additional airplanes for India and with the production line that's going to be established in India produces surge capacity," he said.

Lockheed Martin and Tata Advanced Systems have been jointly manufacturing C-130J empennages and other aerostructure assemblies in India for the last several years.

Produced at Tata Lockheed Martin Aerostructures Limited (TLMAL) in Hyderabad, the C-130J tail or empennage is shipped to the US for integration into C-‘130J aircraft built in Marietta.

Recently, TLMAL celebrated the delivery of its 250th C-130J tail.

The defence MRO facility will join the existing global network of Lockheed Martin Certified Service Centres and will be strategically located to service the C-130J Super Hercules, KC-130J and C-130 B-H legacy aircraft in the future. PTI MPB DV DV

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