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    ENERGY STATISTICS INDIA
    CCI approves acquisition of 100% of the equity share capital of NCR Atleos Corporation (Target) by The Brink's Company (Acquirer)
    US to unveil final action on Sec 301 investigation on Thursday: USTR Greer
    Lokayukta police unearth Rs 17 crore assets of power firm official, relatives
    Maharashtra govt releases 'representative' list of 533 beneficiaries of farm loan waiver scheme
    India exports 12.5 tons of Dashehari, Langra mangoes from UP to Dubai via sea route
    Finacle 10.2.25 software will make banking services faster and more transparent: Himachal CM
    Return of foreign investments shows revival of confidence in economy: RBI Bulletin
    India-US trade deal is almost complete: US State Department after Jaishankar-Rubio talks in Manila
    SC says legal error not sole ground to revoke liberty, flags growing trend of challenging bail
    Parliamentary joint committee on corporate laws amendment bill gets more time to submit report
    Archies Online Launches Pan-India Same-Day Cake, Flower & Gift Delivery Service
    DRI busts clandestine Mephedrone manufacturing facility in Ankleshwar, Gujarat and seizes Rs. 21 lakh; Three arrested
    SC rejects pleas of ED and state against grant of bail to Chaitanya Baghel in liquor scam cases
    US to impose steep tariffs on generic medicine imports from Aug 2028
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    India Reaffirms Commitment to Rules-Based Multilateral Trading System at WTO Trade Policy Review in Geneva
    Government's Financial Inclusion Mission Continues to Foster Economic Empowerment Through Universal Banking, Social Security and Credit Access
    Tribunal absolves Lalit Modi of FEMA violation in 2009 South Africa IPL event
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July 23, 2026
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Energy statistics reporting expands with internationally aligned consumption data, energy-sector credit flows, and improved coal and electricity coverage.
Energy Statistics India 2026 reports Total Primary Energy Supply and renewable energy potential, supporting energy policy and infrastructure planning. Its 33rd edition adds data on credit flow to the energy sector, the international energy scenario, and international marine and aviation bunker use. It aligns end-use consuming sectors for energy commodities with international standards and addresses data gaps in industry-wise coal and electricity consumption.
July 23, 2026
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Competition approval for full acquisition integrates cash replenishment, ATM hardware, software, managed services and maintenance operations.
Competition approval has been granted for The Brink's Company's acquisition of the entire equity share capital of NCR Atleos Corporation, which will become wholly owned and controlled by the acquirer. The acquirer provides cash replenishment and ancillary first-line maintenance in India. The target's Indian activities include ATM hardware manufacture and supply, ATM software development and licensing, ATM managed services, and first-line and second-line ATM maintenance.
July 22, 2026
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Forced-labour import controls face proposed Section 301 tariff action, while India contests the investigations through bilateral trade discussions.
Section 301 investigations concerning forced-labour imports examine whether 60 major trading partners, including India, have adopted and effectively enforced import prohibitions on goods produced with forced labour. Proposed additional tariffs would vary according to the strength of existing forced-labour import controls. India has contested the investigations and indicated that these issues may be addressed through the bilateral trade agreement under discussion. India has also initiated an anti-dumping investigation into global soda ash imports to assess potential injury or threat of injury to domestic industry.
July 22, 2026
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Disproportionate-assets investigation examines property, bank accounts, tax returns and investments linked to a power company official and relatives.
Disproportionate-assets investigation concerns allegations that a power distribution company official and close relatives acquired movable and immovable assets beyond known sources of income. Lokayukta Police conducted searches, identified assets and bank deposits linked to the official, family members and associated business entities, and sought freezing of account transactions. The inquiry includes verification of property acquisitions, income-tax returns, and stock-market and mutual-fund investments, with further investigation pending.
July 22, 2026
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Farm loan waiver eligibility requires verified data, Agristack registration and Aadhaar authentication before direct transfer to loan accounts.
The farm-loan waiver and one-time settlement mechanism applies to eligible beneficiaries whose loan data is uploaded by participating banks and verified through the scheme portal. Excluded categories include legislators, local-body office-bearers, government employees, certain income-tax payers, and specified cooperative-sector personnel. Eligible farmers must register on Agristack and complete Aadhaar authentication using their Aadhaar number or unique ID. After successful authentication, the eligible benefit is transferred directly to the loan account through the Direct Benefit Transfer system.
July 22, 2026
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Sea-route mango export protocol validates cold-chain shipping that can reduce logistics costs and expand overseas market access.
A sea-route export protocol for Dashehari and Langra mangoes was commercially validated for shipment from Uttar Pradesh to Dubai under an extended harvest-to-market transit period. The process used scientific post-harvest management, shelf-life treatment, grading, packing, refrigerated-container transport and a continuous cold chain. The reported marketable condition on arrival supports wider use of cost-effective sea freight, potentially reducing logistics costs, improving grower procurement prices and expanding access to overseas markets.
July 22, 2026
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Core banking migration supports faster transactions, stronger cyber security, transparent services and more convenient digital banking for customers.
Migration of the cooperative bank's core banking system to the Finacle 10.2.25 platform is intended to enable faster, more transparent and secure banking services. The platform is expected to support customer-friendly transactions, stronger cyber security, convenient digital banking and improved operational efficiency. It may also strengthen the bank's delivery of financial benefits under government welfare schemes.
July 22, 2026
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Foreign investment recovery signals improved economic confidence amid sustained trade momentum and renewed food- and fuel-led inflation pressures.
Foreign investment recovery, external trade momentum and inflation developments are examined amid geopolitical and supply-chain uncertainty. Strong export and import growth, the operationalisation of the India-UK Comprehensive Economic and Trade Agreement, renewed portfolio inflows and higher foreign direct investment were identified as supporting external-sector confidence. Consumer price inflation increased, led by food and fuel, while core inflation remained unchanged. Food-price pressures continued across staples, edible oils and vegetables, although comfortable foodgrain stocks could mitigate food-inflation effects.
July 22, 2026
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Interim trade deal negotiations near completion as bilateral discussions advance tariffs, defence agreements, strategic cooperation, and regional security.
India-US bilateral engagement focused on advancing an interim trade arrangement reported to be nearing completion, alongside discussions on tariffs, energy, defence and security, critical minerals, and artificial intelligence. The talks included a shared interest in finalising the interim trade deal and completing unspecified defence agreements connected with prior bilateral commitments. Regional security, West Asia, the Indo-Pacific, and Quad cooperation were also discussed amid efforts to restore bilateral relations following trade, immigration, and security-related strains.
July 22, 2026
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Bail cancellation requires harm to criminal justice administration, not merely a legally flawed order granting liberty.
Bail cancellation must turn on whether continued liberty obstructs the administration of criminal justice, not solely on legal error in the order granting bail. A deficient bail order, without more, does not justify revoking liberty. Challenges to bail orders should not displace the objective of timely trials and securing convictions. Although erroneous legal principles may require correction for consistency, they may not alone warrant cancellation of bail. Broader questions concerning the governing cancellation standard remain open.
July 22, 2026
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Corporate law amendments face extended parliamentary review of proposals on compliance decriminalisation, ease of doing business, and governance modernisation.
Parliament extended the Joint Parliamentary Committee's reporting deadline on the proposed Corporate Laws (Amendment) Bill, 2026 until the end of the Monsoon Session. The Committee is examining amendments to the Limited Liability Partnership Act, 2008 and the Companies Act intended to facilitate ease of doing business, decriminalise minor procedural defaults, and modernise the corporate governance framework.
July 22, 2026
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Same-day gifting delivery expands access to cakes, flowers and curated gifts through an integrated pan-India online platform.
Archies Online has introduced a pan-India same-day delivery service for cakes, flowers, gifts and hampers across major cities. Its integrated online platform offers greeting cards, personalised gifts, chocolates, soft toys and curated hampers for personal, professional and festive occasions. Same-day options include Rakhi and Friendship Day collections, supported by product curation, fresh sourcing and a delivery network intended to provide timely and dependable gifting services.
July 22, 2026
Show AI Summary
Mephedrone trafficking enforcement uncovered a clandestine laboratory, controlled precursors, alleged drug proceeds and an intended receiver.
Illicit manufacture and trafficking of Mephedrone, a psychotropic substance under the Narcotic Drugs and Psychotropic Substances Act, 1985, were addressed through an intelligence-led operation involving a clandestine laboratory. Manufacturing equipment, Mephedrone, its controlled precursor, Monomethylamine, and other chemicals used in manufacture were seized under the Act. Cash believed to be drug-trafficking proceeds and a further amount intended as token payment for delivery were recovered. Three persons were arrested in connection with the alleged network.
July 22, 2026
Show AI Summary
Bail parity in liquor-scam proceedings sustained where principal accused had bail; adverse investigative remarks were removed.
Bail in the alleged liquor-scam proceedings was sustained on the basis of parity, the applicant's comparatively lesser alleged role, prolonged custody, and the documentary nature of the investigation. The evidentiary value of statements, financial records and digital material was regarded as an issue for trial rather than conclusive assessment at the bail stage. Adverse observations against the state economic-offence investigation were expunged.
July 22, 2026
Show AI Summary
Generic medicine import tariffs are designed to encourage domestic pharmaceutical manufacturing while preserving policy for patented, branded and innovative drugs.
Generic medicine imports into the United States are proposed to remain duty-free for two years, followed by escalating tariffs. The structure is intended to encourage pharmaceutical companies to establish manufacturing plants and equipment in the United States, with higher duties applying where companies do not do so within the stated period. The policy is confined to generic drugs, while the approach for patented, branded and innovative medicines is stated to remain unchanged.
July 22, 2026
Show AI Summary
Oil-driven inflation pressures may prompt higher interest rates, despite equity gains led by artificial-intelligence and semiconductor shares.
Asian equity markets largely rose following Wall Street gains led by artificial-intelligence and semiconductor shares. Rising crude oil prices are identified as a renewed inflation risk that could encourage central banks to raise interest rates, slowing economic activity and affecting equity valuations. Japan's reliance on imported energy and the effects of a weaker yen on trade values and energy costs are also highlighted.
July 22, 2026
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Foreign exchange market volatility pressures the rupee as oil-linked geopolitical risks boost safe-haven dollar demand and prompt market monitoring.
Foreign exchange market movement saw the rupee depreciate against the US dollar amid higher crude oil prices, geopolitical tensions affecting oil-shipment security, and safe-haven demand for the dollar. RBI measures intended to attract overseas deposits were reported to support market confidence through foreign-currency inflows. Dealers were monitoring possible RBI participation through state-owned banks to moderate currency volatility while permitting gradual exchange-rate adjustment and preventing disorderly market movements.
July 22, 2026
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Rules-based multilateral trade engagement guides India's policy review, highlighting digital reforms, trade facilitation and clarification of market measures.
India's WTO Trade Policy Review reaffirms commitment to a transparent, rules-based, inclusive and development-oriented multilateral trading system. It identifies reforms in trade facilitation, digital customs, logistics modernisation, quality infrastructure, Digital Public Infrastructure, innovation, sustainability, agricultural resilience and regional trade agreements. WTO Members recognised India's economic resilience and customs and digital modernisation, while seeking clarification on trade and investment regimes, Quality Control Orders, trade-remedy measures and WTO reforms.
July 22, 2026
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Financial inclusion expands universal banking, social insurance, pensions and collateral-free credit for underserved households and entrepreneurs.
Financial inclusion is pursued through universal banking under Pradhan Mantri Jan Dhan Yojana, social-security coverage through life, accident and pension schemes, and credit access for underserved borrowers. Pradhan Mantri Mudra Yojana provides collateral-free institutional finance to micro and small business units for income-generating activities. The Stand-Up India Scheme supports Scheduled Caste, Scheduled Tribe and women entrepreneurs through loans for greenfield projects in manufacturing, trading, services and agriculture-allied activities.
July 21, 2026
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Foreign exchange contravention liability requires evidence that the person was responsible for the overseas transfer in question.
Foreign exchange transfer for the 2009 South Africa cricket tournament was examined under the Foreign Exchange Management Act after funds were moved to an overseas entity without prior Reserve Bank approval. The appellate tribunal set aside the penalty imposed on Lalit Modi, finding no material establishing that he was in charge of the relevant affairs or personally responsible for the alleged contravention. Liability for a foreign-exchange contravention must rest on evidence connecting the person proceeded against with responsibility for the impugned transaction.

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Customs & Trade

EU seeking new trade partnerships. Here's why

January 28, 2026

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Brussels, Jan 28 (AP) The ambitious free trade agreement between the European Union and India underscores the EU's efforts to ink new global partnerships at a time when the Trump administration has rattled the region's capitals, which have long relied on a stable relationship with Washington on trade, defence, and diplomacy.

The agreement announced Tuesday reflects a new priority for the 27-nation EU, the world's largest trading bloc, after President Donald Trump threatened to impose tariffs because of opposition to American control of Greenland, only to back off days later. It follows trade deals struck or pending over the past year with India, Japan, Indonesia, Mexico and the five Mercosur nations of South America.

“The international order we relied upon for decades is no longer a given,” said Nikos Christodoulides, president of Cyprus, in a speech last week at the European Parliament. He was outlining Cyprus' priorities as the island nation begins its six-month term at the helm of the EU.

“This moment calls for action, decisive, credible and united action. It calls for a union that is more autonomous and open to the world," said Christodoulides, echoing widespread sentiment across the bloc.

Brussels' deals across the world --------------------------------------- After attending a military parade in New Delhi, European Commission President Ursula von der Leyen signed the free trade agreement to deepen economic and strategic ties with India. She called it the “mother of all deals.” The pact could affect as many as 2 billion people and slash tariffs on nearly 97 per cent of EU exports to India, like cars and wine, and 99 per cent of India's shipments of goods like textiles and medicines to the EU.

“Europe and India need each other today like never before,” said Garima Mohan, a senior fellow at the German Marshall Fund. She said that both Brussels and New Delhi had long sought closer ties as a counterweight to China's economic rise. But the abrasiveness of the Trump administration on economic and security issues cinched the deal.

“This movement towards diversification, looking for new partners as well as building self-reliance, was precipitated by the tensions with China and really driven home by the fracture of the trans-Atlantic partnership,” Mohan said. The deal “only came to pass at this particular geopolitical juncture, and that says something of the world we live in.” The EU struck its first trade deal in July with Indonesia. Two weeks ago, von der Leyen signed a deal with the Mercosur nations of South America that was decades in the making to create a free trade market of more than 700 million people - and she's said she has the authority to implement it despite objections raised by the European Parliament.

The EU has also upgraded ties with Japan, South Korea and Australia, Pacific nations wary of Beijing's strategic ambitions and Washington's turbulent politics.

“There is a hope that things will change given the importance of the US for us ... but there is a realisation now that we are a bit more alone in this world,” said Ivano di Carlo, a senior policy analyst at the European Policy Centre.

A burgeoning continental defence industry -------------------------------------------------- Russia's invasion of Ukraine drove the EU to create financial tools to boost the bloc's defence industry and infrastructure like trains, roads and ports — but the Trump administration's criticism of the continent's low levels of defence spending kicked those initiatives into overdrive.

Denmark's prime minister has said Russia could pose a credible security threat to the EU by the end of the decade and that defence industries in Europe and Ukraine must be able to thwart that threat.

France has led calls for Europe to build “strategic autonomy,” and support for its stance has grown since the Trump administration warned last year that its security priorities lie elsewhere and that the Europeans would have to fend for themselves.

Shortly after Trump began his second term in the White House, EU leaders agreed to increase their own defence budgets. As a priority, 150 billion euros (USD 162 billion) in loans are designated for air and missile defence, artillery systems, ammunition, drones and air transport, as well as cyber systems, artificial intelligence and electronic warfare.

Industry leaders and experts across Europe have said truly self-sufficient military power would require overcoming a decades-long reliance on the US as well as the fragmentation along national lines of Europe's own defence industry.

Stocks in Europe's major arms makers like Leonardo (Italy), Rheinmetall (Germany), Thales (France) and Saab (Sweden) have all been on the rise.

An energy dependency ---------------------------- While trying to cut its energy ties with Russia, the EU began buying more US energy, according to the Institute for Energy Economics and Financial Analysis. But that too is risky for the bloc, said Dan Jorgensen, European commissioner for energy and housing, during a North Sea Summit in Hamburg, Germany, on Monday.

The EU imports 14.5 per cent of its oil and 60 per cent of its liquefied natural gas from the US, according to the EU statistics agency Eurostat.

Jorgensen said the EU should seek further energy independence by investing in energy production and alternative suppliers.

“We do not want to replace one dependency with another — we need to diversify,” Jorgensen said.

Brussels is eyeing sources in the eastern Mediterranean and the Gulf, where negotiations are underway for a free trade deal with the United Arab Emirates.

“Decoupling is easier said than done," but forging new global relationships gives the EU an edge in dealing with Beijing, Moscow and Washington, Mohan said. (AP) SKS SKS

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