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    Financial Intelligence Unit-India and Securities and Exchange Board of India sign MoU to combat money laundering and financial crimes
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April 16, 2026
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Money laundering coordination through FIU-IND and SEBI MoU strengthens intelligence sharing, AML/CFT training, and compliance monitoring.
Financial Intelligence Unit-India and the Securities and Exchange Board of India entered into a Memorandum of Understanding to strengthen coordination in the prevention of money laundering and financial crimes. The arrangement provides for sharing of relevant intelligence and information, reporting procedures under the PML Rules, exchange with foreign FIUs, outreach and training on AML/CFT capabilities, periodic meetings, risk assessment, red flag indicators, and supervision of compliance with obligations under the PMLA, PML Rules, and SEBI guidelines.
April 16, 2026
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Digital insurance servicing expands as LIC launches customer and intermediary apps for paperless policy management and sales support.
LIC launched the MyLIC customer app and Super Sales Saathi intermediary app as part of its digital transformation initiative. MyLIC consolidates policy servicing, claims support, payments, documentation, and customer engagement, while also enabling portfolio management, premium payment, policy updates, online revival of lapsed policies, paperless loans, online purchase of policies, and paperless e-KYC. Super Sales Saathi provides digital sales tools, policy status tracking, automated follow-ups, customer communication, AI-driven nudges, sales kits, and performance dashboards.
April 16, 2026
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Naval blockade enforcement against Iranian ports creates maritime uncertainty, inspection risks, and exceptions for humanitarian shipments.
US naval blockade of Iranian coastal areas and ports has been fully implemented, extending beyond the Strait of Hormuz into the Gulf of Oman and the Arabian Sea. It applies to vessels entering or leaving Iranian ports and coastal areas, while non-Iran-bound vessels retain freedom of navigation. Humanitarian shipments including food and medical supplies essential for civilian survival are permitted subject to inspection, and neutral ships may pass but remain liable to inspection. The blockade has created uncertainty because enforcement may occur after vessels clear the strait, and AIS manipulation further complicates maritime monitoring.
April 15, 2026
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Centre of Excellence advances artificial intelligence, cybersecurity and digital skills through new training and innovation initiatives.
A state-of-the-art Centre of Excellence was inaugurated at Maharana Pratap Institute of Technology in Eastern Uttar Pradesh with support from TCS Foundation. The centre is intended to serve technological and educational needs in the region and is positioned as a platform for youth, farmers and women across Eastern Uttar Pradesh and adjoining areas. It will focus on artificial intelligence, machine learning, data science, cybersecurity, space technology and 3D printing.
April 15, 2026
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Forgery of identity and immigration documents alleged in illegal stay case involving fake Aadhaar and border-entry violations.
Forgery of identity and immigration documents alleged in the context of illegal stay in India. A Bangladesh-origin woman was apprehended during a verification drive after police found that she was allegedly residing in India using a fake Aadhaar card and other forged or suspect identity documents, including a Bangladesh identity card and a photocopy of a citizenship certificate. Investigators stated that she had entered India illegally with the assistance of an acquaintance and had prepared forged documents to conceal her identity.
April 15, 2026
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Money laundering probe over alleged bank loan fraud and shell companies leads to arrests of former Reliance Group executives.
Enforcement Directorate action under the Prevention of Money Laundering Act in an alleged bank loan fraud investigation involving former senior executives of Anil Ambani-led Reliance Group companies. The case concerns alleged diversion of bank funds through Reliance Home Finance Ltd. and Reliance Commercial Finance Ltd. using shell or dummy entities, with the money laundering probe stated to stem from FIRs lodged by the Central Bureau of Investigation.
April 15, 2026
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Anti-conversion concerns and harassment allegations spur calls for nationwide protests and stricter laws.
Calls were made for nationwide protests over allegations of sexual harassment and forced religious conversion at a company office in Nashik. The allegations involved eight female employees, while a Special Investigation Team was said to have been constituted to examine the complaints. The company stated that it has a zero-tolerance policy toward harassment or coercion and that employees allegedly involved had been suspended. Broader demands were also raised for stringent anti-conversion laws at state and national levels.
April 15, 2026
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Electronics import dependence deepens as imports rise sharply and exports remain far below import levels.
Electronics imports crossed the USD 100 billion mark in 2025-26, rising to USD 116.17 billion from USD 98.65 billion in the preceding fiscal year. Electronics exports also increased to USD 48.0 billion, supported by smartphone shipments, but remained well below imports. The trade pattern was noted as indicating continued dependence on imported semiconductors, components and electronic equipment despite the manufacturing push.
April 15, 2026
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Trade uncertainty and Middle East disruption weigh on exports as imports fall and the trade deficit narrows.
Goods exports declined in March because of trade uncertainty and geopolitical tensions, with shipments to West Asia and the Middle East contracting sharply. Imports also fell, led by lower crude oil and gold shipments, narrowing the trade deficit to a nine-month low. For the full fiscal year, exports reached an all-time high, imports rose, and the trade deficit widened. Services exports stayed robust, while China emerged as India's largest trading partner.
April 15, 2026
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China becomes India's largest trading partner as bilateral trade expands and the trade deficit widens sharply.
China emerged as India's largest trading partner in 2025-26, displacing the US after four consecutive years of US leadership. Bilateral trade with China rose to USD 151.1 billion, driven by higher exports and imports, and India's trade deficit with China widened to USD 112.16 billion. Trade with the US remained significant, but export growth was modest and imports increased more sharply, reducing India's trade surplus.
April 15, 2026
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Trade disruption and export slowdown in India deepened as West Asia conflict affected shipping and import flows.
India's merchandise exports declined sharply in March amid the West Asia crisis, while imports also fell, leading to a narrower trade deficit. The fall in outbound shipments was linked to disruption in international shipping routes, higher freight and insurance costs, and reduced trade with the Middle East, particularly in goods such as gems and jewellery, rice, engineering goods, petroleum products and electronic items. Lower crude oil and gold imports also contributed to the reduced deficit.
April 15, 2026
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Modern tax administration under the Income Tax Act, 2025 stresses transparency, fairness, compliance, and taxpayer trust.
The Income Tax Act, 2025, effective from April 1, 2026, is described as a significant step towards a modern, simple and transparent tax system. Taxation is presented as a bridge of trust between the State and citizens, requiring a system that is effective, just, sensitive and balanced, avoids unnecessary burdens, and respects honest taxpayers. The role of tax officers is to ensure correct, transparent and effective implementation.
April 15, 2026
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Money laundering cognisance in a Haryana land deal case proceeds on ED chargesheet and limited inquiry at this stage.
A Delhi court took cognisance of an ED chargesheet in a money laundering case linked to a Haryana land transaction and found sufficient material to proceed against the named accused. It held that the cognisance stage is limited to the complaint and annexed documents, that there is no legal bar to proceeding before the predicate-offence charge-sheet is filed, and that one accused could not be summoned for lack of material.
April 15, 2026
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Telecom-linked financial frauds meet coordinated data sharing as regulators deepen intelligence exchange to flag suspicious mobile numbers and protect investors.
The Department of Telecommunications and the Securities and Exchange Board of India entered into a Memorandum of Understanding to strengthen coordination against telecom-linked financial frauds, securities market scams and investment-related cyber abuse. The arrangement establishes a structured framework for data sharing and intelligence exchange between telecom and market-regulatory systems, with the objective of identifying suspicious mobile numbers, fraudulent connections and telecom resources used in impersonation, cyber fraud or money mule activity. The MoU also contemplates standard operating procedures for coordinated response and institutional sharing of red-flag indicators.
April 15, 2026
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Trade pact recalibration drives India-US negotiations as tariff changes and Section 301 probes reshape the talks.
India and the United States are resuming chief-negotiator level talks on the proposed bilateral trade pact to finalise the legal agreement and adjust it to changes in the US tariff environment. The interim understanding reached in February now requires recalibration because the tariff architecture has changed, and the discussions will also cover recent Section 301 investigations and India's response to them.
April 15, 2026
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India's trade estimates show stronger services exports, modest merchandise growth, and a wider overall trade deficit for FY 2025-26.
India's total exports of merchandise and services for FY 2025-26 are estimated to have grown, with merchandise exports showing only marginal expansion while services exports recorded stronger growth. Total imports also increased, leaving a wider overall trade deficit for the year compared with FY 2024-25. Merchandise trade data shows modest export growth alongside a sharper rise in imports, while services trade remained a major support area with an improved surplus.
April 15, 2026
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E-governance and trade access platform launched to improve accessibility, multilingual support, and integrated service delivery.
The Ministry of Commerce and Industry launched an integrated website and bilingual mobile application for the Department of Commerce to improve trade-related information access and service delivery for exporters, importers and other stakeholders. The platform is stated to comply with the Digital Brand Identity Manual 3.0 and the Guidelines for Indian Government Websites, and to advance e-governance through transparency, efficiency and ease of doing business. It also includes multilingual support, accessibility features, real-time updates, government portal integration, and grievance redressal connectivity.
April 15, 2026
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RBI reporting automation for co-operative banks aims to reduce manual consolidation, improve audit readiness, and standardise data workflows.
Co-operative banks face RBI reporting and audit challenges where data is dispersed across core banking, treasury, and digital systems, and reporting cycles depend on extraction, validation, reconciliation, and spreadsheet-based consolidation. The described reporting solution is built on a proprietary data model to create a governed reporting foundation that standardises ingestion, orchestration, and report-ready data structures for RBI and MIS workflows. It is intended to reduce manual effort, improve consistency, and support traceable lineage, historical records, and a single source of truth for reporting and audit review.
April 15, 2026
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Anti-conversion law debate intensifies as VHP urges stricter nationwide action over alleged coercive religious conversion.
The Vishva Hindu Parishad urged enactment of a stringent nationwide anti-conversion law to curb alleged illegal religious conversions and "love jihad", calling the issue a threat to national security and social harmony. It linked its demand to reported allegations of sexual harassment and forced religious conversion in Nashik, alleged that similar activity may extend to other firms and educational institutions, and called for thorough investigation. The organisation also said such concerns should not be dismissed as Islamophobia and claimed strict anti-conversion laws have provided better control in some states.
April 15, 2026
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Election affidavit disclosures and alleged asset discrepancies prompt scrutiny of financial declarations and related statutory filings.
Election affidavit disclosures and alleged asset inconsistencies were placed before the Madras High Court in a petition seeking scrutiny of nomination papers and financial declarations filed by a candidate seeking re-election. The petitioner alleged discrepancies between the property particulars in the 2026 election affidavit and the earlier 2021 affidavit, including an asserted reduction in disclosed investments, and sought verification of financial disclosures, sources of income, transactions, and statutory filings.

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Lok Sabha adjourned sine die

April 18, 2026

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New Delhi, Apr 18 (PTI) The Lok Sabha was adjourned sine die on Saturday, drawing curtains on a stormy Budget session that saw the defeat of a crucial bill to implement 33 per cent quota for women in legislatures by increasing the strength of the Lower House to 816 through a delimitation exercise.

The session, which began on January 28, saw the passage of the Union Budget and Demands for Grants.

As soon as the House met at 11 am, Speaker Om Birla read out his concluding remarks, following which he adjourned the House sine die (for an indefinite period).

The session concluded with a rendition of 'Vande Mataram'. In a first, all six stanzas of the national song were played in the House. The government has mandated singing of all six stanzas of 'Vande Mataram' at official functions, public events and in school assemblies.

In a major setback to the government, the Constitution (131st Amendment) Bill to implement 33 per cent reservation for women in legislatures in 2029 and increase the number of Lok Sabha seats to 816 was defeated on Friday, with the ruling NDA asserting that the struggle to give the rights to women would continue.

While 298 members voted in support of the Bill in the Lok Sabha, 230 MPs voted against it. Out of 528 members who voted, the Bill required 352 votes for a two-thirds majority.

This is the first Bill of the Modi government to be defeated in Parliament.

According to the Bill, Lok Sabha seats were to be increased to 816 from the current 543 to "operationalise" the women's reservation law before the 2029 parliamentary polls, following a delimitation exercise based on the 2011 Census.

Seats were also to be increased in state and Union territory assemblies to accommodate 33 per cent reservation for women.

The session, which was to conclude on April 2, was extended by three days from April 16 to discuss the crucial bills.

In his concluding remarks, Birla said 31 sittings were held during the session that lasted around 151 hours and 42 minutes. The productivity of the House during the session was 93 per cent.

The second half of the Budget session, which began on March 9, saw the passage of some key legislations despite opposition uproar.

The second part of the session saw the passage of the Finance Bill 2026-27 and the Demands for Grants for various ministries, apart from the Appropriation Bill, thus completing the budgetary exercise in Parliament.

Finance Minister Nirmala Sitharaman replied to the discussion on the Finance Bill in both the Houses and answered queries raised by the members.

The session started in the shadow of the West Asia crisis after the US and Israel attacked Iran on February 28.

The opposition demanded a discussion on the issue. Prime Minister Narendra Modi, External Affairs Minister S Jaishankar and Petroleum and Natural Gas Minister Hardeep Singh Puri gave statements on the West Asia conflict and its impact on India.

The opposition protested, claiming that its queries were not answered. It also staged several protests both inside and outside Parliament on alleged shortage of oil and LPG in the country, while the government accused it of trying to spread rumours to create unrest among people.

The opposition walked out during the passage of crucial bills, claiming that they were dissatisfied with the government's response.

There was also an opposition uproar on the Central Armed Police Forces (General Administration) Bill. It demanded that the Bill be sent to a parliamentary panel for further scrutiny as it went against a Supreme Court ruling restricting the number of IPS officers in the central armed forces.

The legislation seeks to create a unified legal framework governing personnel across different Central Armed Police Forces (CAPFs), replacing the current patchwork of separate service-rule regimes for the five central forces.

The Andhra Pradesh Reorganisation (Amendment) Bill, 2026, saw Parliament give its nod to Amaravati as the new capital of Andhra Pradesh after amending the original Act of 2014.

The Transgender Persons (Protection of Rights) Amendment Bill, 2026, sought to amend a law on the protection and rights of transgender persons that proposes excluding social orientations from the ambit of the statute. The Bill was passed by Parliament, even as opposition members demanded that it be sent to a select committee.

The legislation also provides for graded punishment based on the gravity of harm inflicted on such people.

The Foreign Contribution (Regulation) Amendment Bill, 2026, was not taken up by the government during the session, following strong objections from the opposition. The Corporate Laws (Amendment) Bill, 2026, was sent to the parliamentary committee for further scrutiny.

The session also saw the suspension of eight opposition MPs being revoked, after the Lok Sabha passed a motion in this regard. They were suspended during the first part of the Budget session for creating a ruckus in the Lok Sabha over Leader of Opposition Rahul Gandhi allegedly not being allowed to speak in the House. PTI NAB DIV DIV

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