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    Flash Report on Central Sector Infrastructure Projects worth ₹150 crore and above
    TCS case: Male employee 'forced to wear skull cap, perform Namaz', says fresh remand plea
    RBI cancels banking licence of Paytm Payments Bank
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April 25, 2026
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Infrastructure project monitoring through PAIMANA tracks ongoing central sector works, sectoral progress, and ministry-wise implementation trends.
Central Sector infrastructure projects worth Rs.150 crore and above are monitored through the PAIMANA portal, a centralized web-based system based on the "one data, one entry" principle and linked with DPIIT's IPMP portal through APIs. As of March 2026, PAIMANA tracks 1,941 ongoing projects across 17 Central Ministries/Departments with a revised cost of Rs.41.50 lakh crore and cumulative expenditure of Rs.19.93 lakh crore. The report records substantial project progress, sector-wise distribution led by Transport & Logistics, and ministry-wise monitoring across major infrastructure portfolios.
April 24, 2026
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Forcible conversion and religious intimidation allegations arise from workplace harassment claims at a software company's BPO unit.
Police sought fresh custody of four accused in a case involving allegations of sexual harassment, forcible conversion, outraging religious feelings and criminal intimidation at a software company's Nashik BPO unit. The complainant alleged that the accused targeted his religious beliefs, forced him to wear a Muslim skull cap, perform Namaz and consume non-vegetarian food, and circulated the incident on an employee WhatsApp group. The remand material also referred to obscene remarks, work coercion, fabricated reports, physical intimidation and death threats.
April 24, 2026
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Banking licence cancellation over depositor protection concerns leads to prohibition on banking business and winding up action.
The Reserve Bank of India cancelled the banking licence issued to Paytm Payments Bank because its affairs were conducted in a manner detrimental to the interests of the bank, its depositors, and the public interest. The bank's management was said to be prejudicial to depositor protection and public interest. As a consequence, the bank is prohibited from conducting any banking business, and the RBI stated that it will apply to the High Court for winding up. The bank was also barred from onboarding new customers with effect from March 11, 2022.
April 24, 2026
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Bilateral trade agreement talks advance as India and the United States revisit tariffs, market access, and trade facilitation terms.
Trade talks between India and the United States on the first phase of a bilateral trade agreement have made positive progress, with both sides agreeing to remain engaged as discussions continue. The negotiations covered market access, non-tariff measures, technical barriers to trade, customs and trade facilitation, investment promotion, economic security alignment and digital trade, while the agreement framework is being revisited in light of changed tariff conditions in the United States. The report also notes that the US Trade Representative launched unilateral investigations affecting India under Section 301 of trade law, which India has strongly rejected and sought to have terminated for lack of cogent rationale.
April 24, 2026
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Insolvency and bankruptcy reform discussions spotlight emerging challenges, institutional strengthening, and value maximisation across the insolvency ecosystem.
A conclave on the Insolvency and Bankruptcy Code, 2016 marked the Code's tenth year by bringing together judicial members, regulators, insolvency professionals and other stakeholders to reflect on the evolution of India's insolvency regime. The discussions highlighted institutional strengthening, regulatory and judicial developments, and emerging issues such as enforcement and restitution of attached assets in CIRP, aviation insolvency, real estate insolvency, disciplinary frameworks and stakeholder synchronisation for value maximisation.
April 24, 2026
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Bilateral trade agreement talks advance as India and the United States discuss market access, digital trade, and customs facilitation.
India and the United States advanced discussions on a proposed Interim Agreement within the broader India-U.S. Bilateral Trade Agreement framework. An Indian delegation visited Washington, D.C. to refine the terms of the Interim Agreement and continue negotiations on market access, non-tariff measures, technical barriers to trade, customs and trade facilitation, investment promotion, economic security alignment, and digital trade.
April 24, 2026
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Foreign exchange reserves rise as RBI data shows gains in currency assets, gold holdings, and IMF reserve position.
India's foreign exchange reserves increased during the reporting week, with the Reserve Bank of India attributing the movement to changes in foreign currency assets, gold holdings, Special Drawing Rights, and the reserve position with the IMF. The report also notes that reserves had previously fallen after reaching an all-time high, as geopolitical uncertainty weighed on the rupee and prompted intervention in the forex market through dollar sales. Foreign currency assets rose in dollar terms, reflecting currency movements in the reserve portfolio.
April 24, 2026
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Trade agreement negotiations advance as India and the United States keep engaged on market access and digital trade issues.
India and the United States continued discussions on an interim trade agreement and the broader bilateral trade agreement framework, with both sides agreeing to remain engaged to preserve negotiation momentum. The talks covered market access, non-tariff measures, technical barriers to trade, customs and trade facilitation, investment promotion, economic security alignment and digital trade.
April 24, 2026
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Domestic consumption and predictable policy support remain central to sustaining GDP growth and banking sector adjustment.
Domestic consumption is supporting economic growth, and predictable policy support is said to be necessary to sustain GDP expansion. Banking policy issues include whether third-party products should be sold through exclusive tie-ups or an open architecture approach, with the Indian Banks Association examining the question. The remarks also emphasise customer contact, digitalisation, artificial intelligence coordination among banks, and continued disinvestment of IDBI Bank.
April 24, 2026
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Income tax provisions and labour code adjustments shaped the company's reported results, adjusted margins, and cash flow measures.
The financial statements and notes record an income tax expense position that includes reversal of tax provisions pursuant to orders received under sections 250 and 254 of the Income Tax Act, 1961 for certain assessment years. The notes also explain non-IFRS adjustments arising from the Labour Codes notified by the Government of India, which increased gratuity and leave liabilities and affected adjusted operating profit, tax, EPS, and free cash flow measures.
April 24, 2026
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Financial maturity beyond inclusion highlights gaps in household capability, resilience, and informed financial decision-making.
Financial maturity is identified as the next critical frontier beyond financial inclusion in India, with the Financial Maturity Index presenting a multidimensional assessment of household financial capability across Gujarat and Rajasthan. The study measures not only access to financial services, but also knowledge, behaviour, resilience, decision-making, and social context, showing that participation in formal finance does not necessarily produce informed financial conduct. The Index is built from primary survey data and statistical methods, and is presented as a basis for evidence-based policy and institutional alignment focused on capability, behaviour, and financial outcomes.
April 24, 2026
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Bilateral economic cooperation deepens as India and the Czech Republic expand trade, investment, innovation and industrial collaboration.
India's economic engagement with the Czech Republic was advanced through a ministerial visit focused on strengthening bilateral trade, investment and innovation linkages, with emphasis on industrial collaboration in priority sectors. The visit included bilateral discussions with senior Czech leadership, co-chairing of the 13th session of the India-Czech Republic Joint Commission for Economic Cooperation, and the signing of the session protocol. It also involved the India-Czech Business Forum and visits to industrial, technology and research institutions.
April 23, 2026
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Money-laundering investigation over forged authorisations and diverted municipal deposits exposes alleged nexus among officials and private persons.
Money-laundering searches were conducted in an alleged fraud involving municipal fixed deposits, where funds of the Panchkula Municipal Corporation were said to have been diverted through forged and fake authorisation documents. The investigation concerns unauthorised bank accounts, fake fund-migration letters, and transfer of corporation funds to financiers, private persons and real estate entities, with seized documents and allegations of a criminal nexus among municipal, bank and private persons.
April 23, 2026
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Supply chain disruptions and energy cost pressures test Indian economic resilience amid West Asia conflict.
Indian economy remains resilient despite the West Asia conflict driving up energy prices, input costs and supply chain pressures, while inflation continues within the tolerance band. The article warns that prolonged conflict and delayed restoration of supply chains may raise energy costs, disrupt trade flows and create financial market spillovers, and it notes the need to watch for possible second-round effects if the supply shock passes into broader demand-side pressures.
April 23, 2026
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Artificial intelligence cybersecurity risks prompt banks to strengthen financial systems, data protection, and customer fund security.
Artificial intelligence-related cybersecurity risks in the financial sector were discussed in a meeting between the Finance Minister and heads of banks, with participation of the Reserve Bank of India and the Ministry of Electronics and Information Technology. The discussion focused on the need for banks to take pre-emptive measures to secure systems, customer data and funds in light of global concerns raised by Anthropic's Mythos model, which has been reported to identify and exploit vulnerabilities in operating systems and browsers and to present potential misuse risks. The ministry and the RBI are examining the extent of risk faced by the Indian financial sector and assessing safeguards at their end.
April 23, 2026
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Supply chain disruptions and West Asia conflict raise inflation and growth risks for the domestic economy.
Persistent conflict in West Asia and continuing supply chain disruptions are identified as risks to the domestic economy through higher energy costs, input cost pressures, trade flow interruptions and financial market spillovers. The inflation and growth outlook is described as vulnerable to the intensity and duration of the conflict, particularly where energy and other infrastructure are damaged. Although inflation remains within the tolerance band, upside risks have increased because of supply-side disruptions and weather-related uncertainties.
April 23, 2026
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Prepaid Payment Instruments framework revised through draft direction aimed at stronger transaction security and long-term growth.
The Reserve Bank has released a draft Master Direction on Prepaid Payment Instruments after reviewing the existing guidelines, aiming to support long-term growth of PPIs and enhance transaction security. Regulated entities, members of the public and other stakeholders may submit feedback through the designated online regulatory channel within the consultation period.
April 23, 2026
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Electric vehicle logistics partnership expands pan-India delivery operations with lower costs, higher uptime, and sustainability focus.
Zen Mobility and Delhivery entered into a Memorandum of Understanding for a long-term partnership to deploy purpose-built electric vehicles across India over the next 3-5 years. The rollout covers electric two-wheelers, three-wheelers and four-wheelers customised to city-wise and route-wise logistics needs across Tier 1, Tier 2 and Tier 3 cities. Zen Flo will support deployment and fleet operations, while the arrangement is presented as reducing last-mile logistics costs, improving vehicle uptime and advancing lower-carbon delivery operations.
April 23, 2026
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Secure AI adoption on sovereign cloud through a partnership focused on compliance, governance, and enterprise resilience.
PixerLens and Tata Consultancy Services announced a strategic partnership to deploy PixerLens' AI platform on the TCS SovereignSecure Cloud as a joint enterprise offering. The collaboration focuses on AI-powered application intelligence for vulnerability management, application performance, quality, security, audit readiness, compliance, and operational resilience. It also emphasises secure AI adoption within a cloud environment designed to maintain data sovereignty, security, regulatory compliance, governance, visibility, and resilience.
April 23, 2026
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Invoice Management System offline tool streamlines GST invoice actions, validation, and JSON upload for taxpayer compliance.
The GST Invoice Management System has been supplemented with an Excel-based offline tool to improve taxpayer convenience and ease of compliance. The utility enables recipient taxpayers to act on invoice records uploaded through GSTR-1, GSTR-1A, or IFF by accepting, rejecting, or keeping them pending, and to handle individual as well as bulk invoices efficiently. The offline process requires downloading IMS data in JSON format, opening it in the tool, taking the required action, validating the sheet, and generating a JSON file for upload back to the GST portal.

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Centre for Trade and Investment Law (CTIL) Organises Symposium on Carbon Governance and Global Justice: Reconciling Trade Competitiveness and Climate Responsibility

April 28, 2026

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Legal and Policy Dimensions of Carbon Border Adjustment Mechanisms Discussed

The Centre for Trade and Investment Law (CTIL), Indian Institute of Foreign Trade, Ministry of Commerce and Industry, Government of India, collaborated with the Centre for Studies in International Trade and Investment Laws (CITIL), Dharmashastra National Law University (DNLU), Jabalpur, in organising the WTO Chairs Programme–International Symposium on “Carbon Governance and Global Justice: Reconciling Trade Competitiveness and Climate Responsibility”, held on 25 April 2026 at DNLU, Jabalpur.

The event commenced on 24 April 2026 with the inaugural address by Appellate Body Member, WTO (2011–2020) and India’s former Ambassador and Permanent Representative to the WTO, Mr. Ujal Singh Bhatia, as the Chief Guest. Following the inaugural session, Mr. Bhatia delivered the first expert talk, setting the stage for the two-day symposium. In his address, he emphasised that carbon governance and global justice are intrinsically linked.

In the first panel discussion on carbon pricing mechanisms and carbon border adjustments, the panel critically examined the legal, ethical and economic implications of climate action instruments such as CBAM and other carbon pricing mechanisms.

The second day of the symposium (25 April 2026) commenced with an expert panel discussion on “Carbon Governance and Climate Justice Issues: Equitable Climate Action under International Trade Law”.

The panelists deliberated on key legal and policy dimensions of carbon border adjustment mechanisms and climate-linked trade instruments, emphasising the need to balance trade competitiveness with climate responsibilities and ensure equitable outcomes for developing nations.

The academic core of the symposium comprised four technical sessions that facilitated academic and policy-oriented engagement. Technical Session 1 was chaired by Former Senior Director, ESG, Cyril Amarchand Mangaldas, Mr. Bose Varghese, and Assistant Professor and Head, Centre for WTO and WIPO Studies, HNLU, Dr. Ankit Awasthi; Technical Session 2 by Co-Founder and Advocate, Sarvada Legal, Mr. Seetharaman Sampath, and Associate Professor (Intellectual Property Law), DNLU, Dr. Gargi Chakrabarti; Technical Session 3 by Professor of Law, DNLU, Prof. (Dr.) Shailesh N. Hadli, and Director, Centre for International Trade and Business Laws and Associate Professor of Law, NALSAR University of Law, Dr. Rosmy Joan; and Technical Session 4 by Assistant Professor, DNLU, Dr. Shruti Nandwana, and Consultant/Assistant Professor, CTIL, Ms. Sunanda Tewari. These sessions were conducted over both days of the symposium.

The symposium concluded on 25 April 2026 with a valedictory ceremony. The ceremony was graced by Judge, High Court of Madhya Pradesh, Justice Vivek Agarwal, as the Chief Guest. In his address, he emphasised the critical role of legal frameworks in balancing industrial growth with environmental sustainability. He also acknowledged CTIL’s contribution to trade policy discourse and encouraged further outreach to ensure broader societal impact.

A key highlight of the ceremony was the announcement of the top five research papers and the distribution of certificates to all participants.

The event brought together academicians, researchers, professionals, and students, contributing to ongoing discourse on sustainable trade practices and reinforcing the role of collaborative academic initiatives in shaping responsive and inclusive global trade governance frameworks.

The symposium was organised by DNLU, Jabalpur under the guidance of Director, CITIL and Assistant Professor of Law, DNLU, Dr. Utkarsh K. Mishra, and Professor and Head, CTIL, Dr. James J. Nedumpara, with the academic and administrative leadership of Vice Chancellor, DNLU, Prof. (Dr.) Manoj Kumar Sinha, and Registrar, DNLU, Dr. Praveen Tripathi.

The inaugural session of the symposium was also attended by Vice Chancellor, DNLU, Prof. (Dr.) Manoj Kumar Sinha; Professor of Law, Chanakya National Law University, Patna, Prof. (Dr.) Manwendra K. Tiwari; and Professor of Environmental Biotechnology, Department of Biological Science, Rani Durgavati Vishwavidyalaya, Prof. (Dr.) Surendra Singh, as Guests of Honour. Also in attendance were Registrar, DNLU, Dr. Praveen Tripathi, and Director, CITIL, Dr. Utkarsh K. Mishra.

The first panel discussion features Co-Founder and Advocate, Sarvada Legal, Mr. Seetharaman Sampath; Vice President and Head, Policy Advocacy and Economics, Hindalco Industries Limited, Aditya Birla Group, Ms. Prachi Priya; Former Senior Director, ESG, Cyril Amarchand Mangaldas, Mr. Bose Varghese; and Associate Professor (Intellectual Property Law), DNLU, Dr. Gargi Chakrabarti. The session was moderated by Director, CITIL, Dr. Utkarsh K. Mishra.

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