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    Lok Sabha adjourned sine die
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    Alt Capital Launches AYF III; Partners with FundsIndia Private Wealth to Raise Rs. 1,000 Crore
    Government recognizes more than 55,200 startups during FY 2025-26, highest ever in a single year since launch of Startup India initiative
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April 18, 2026
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Budget session ends with passage of key bills, defeat of women's reservation amendment, and adjournment sine die.
Lok Sabha was adjourned sine die at the close of the Budget session after passage of the Union Budget, Demands for Grants, the Finance Bill 2026-27 and the Appropriation Bill, completing the budgetary exercise in Parliament. Parliamentary business during the session included passage of several bills, reference of one bill to a parliamentary committee, non-takeup of another bill, and defeat of the Constitution (131st Amendment) Bill, 2026 on women's reservation through delimitation.
April 18, 2026
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Trade and investment cooperation between India and Austria deepens across innovation, skills, infrastructure and future economic partnership.
The 17th Session of the India-Austria Joint Economic Commission reviewed bilateral economic relations and advanced a framework for strengthening trade, investment and innovation cooperation. Discussions covered infrastructure, scientific research, dual vocational training, skills development, startups, AYUSH, tourism, semiconductors, critical minerals, digitalisation, artificial intelligence and film funding, while both sides also welcomed the conclusion of negotiations for the India-European Union Free Trade Agreement.
April 18, 2026
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Fast-track investment facilitation strengthens India-Austria trade ties, with focus on market access, MSMEs and green technologies.
A bilateral Fast-Track Mechanism was launched to facilitate investments between India and Austria by providing a dedicated platform for investors in both countries, addressing issues, supporting timely resolution and improving ease of doing business. The forum also highlighted the proposed India-EU Free Trade Agreement, priority cooperation in sustainable development, advanced manufacturing and green technologies, and opportunities for labour-intensive sectors, MSMEs and innovation-driven enterprises.
April 18, 2026
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Export logistics support expands as RELIEF adds new eligible destinations and widens insurance coverage for exporters.
The Government has expanded the eligible destination coverage under RELIEF, a time-bound export support measure under the Export Promotion Mission, in response to geopolitical disruption in West Asia and its impact on maritime logistics. Egypt and Jordan have been added for shipments meant for delivery or transhipment, while the framework continues to address extraordinary freight escalation, higher insurance premia and war-related export risks affecting Indian exporters, including MSME exporters. RELIEF is implemented through ECGC and includes insurance support, facilitation of cover for upcoming shipments and reimbursement assistance for eligible exporters.
April 18, 2026
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Trade and investment cooperation under TEPA deepens India-Norway economic ties through wider business, sectoral, and investment collaboration.
India and Norway reviewed trade and investment cooperation in the 3rd Session of the Dialogue on Trade and Investment after the entry into force of the India-EFTA Trade and Economic Partnership Agreement (TEPA). The sides described TEPA as the key framework for stronger trade, investment, technology collaboration, capacity building, and wider business partnerships, while also emphasizing resilient supply chains, energy security, climate transition, and trade diversification. They noted growing bilateral trade and services trade, duty-free access for agricultural and allied products, and wider participation opportunities for women entrepreneurs, MSMEs, farmers, fishermen, and innovation-driven businesses. The dialogue also addressed tariff reductions, SPS measures, certification, compliance costs, origin certification, and sectoral cooperation across energy, mobility, maritime, pharmaceuticals, tourism, and MSMEs.
April 18, 2026
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Logistics digitisation through ULIP aims to improve visibility, coordination, and real-time decision-making in the State.
NICDC Logistics Data Services Limited and the Government of Maharashtra signed a Memorandum of Understanding to digitize the State's logistics ecosystem through the Unified Logistics Interface Platform. The collaboration is intended to improve visibility, streamline logistics operations, promote coordination among State departments, and support real-time, data-driven decision-making. ULIP functions as a unified digital gateway integrating logistics-related data from Government systems through APIs and supporting digital logistics applications.
April 18, 2026
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Input Tax Credit fraud detected through supply-chain analysis, with ineligible credit passed on and director arrested.
Fraudulent availment and utilisation of Input Tax Credit under the CGST Act was detected through data analytics and backward supply-chain verification, showing ineligible ITC claimed without underlying supply and breaking the credit chain under Section 16. Ineligible ITC was also passed on to buyers without corresponding supply. The director admitted controlling the transactions but failed to produce documentary evidence, and was arrested under the CGST Act while further investigation continued.
April 17, 2026
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GST credential misuse and fake invoicing alleged in a fraudulent scheme involving fictitious firms and bogus billing transactions.
Misuse of GST credentials was alleged in a fraudulent loan-arrangement scheme in which a local businessman was induced to share his GST ID, password and Aadhaar details on the pretext of obtaining a bank loan. Purchases of nearly Rs 7 crore were later shown under his GST registration without corresponding return filings. Police stated that fake invoices had been generated in the names of about 13 fictitious firms, and investigation was continuing to trace the wider syndicate.
April 17, 2026
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Internal complaint channels and workplace conduct oversight shape TCS response amid Nashik allegations and probe.
TCS stated that a preliminary review of systems and records relating to its Nashik unit had not received any complaints through its internal ethics or POSH channels concerning the allegations under police probe. The company said it has constituted an oversight committee chaired by an independent director and has engaged external counsel to assist its internal investigation, with the report of the inquiry to be reviewed for implementation of recommendations.
April 17, 2026
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Workplace harassment and forced conversion probe intensifies as police search for an absconding accused and question her husband.
Police investigation continued into allegations arising from an IT workplace complaint involving sexual harassment, mental harassment, exploitation and alleged forced religious conversion at a TCS unit. A special investigation team was constituted after complaints by female employees, and multiple cases were registered on these allegations. Several employees were arrested, while one woman accused remained absconding and was being traced by police teams across different locations. The employer stated that it maintains a zero-tolerance policy toward harassment and coercion and had suspended employees allegedly involved in the misconduct.
April 17, 2026
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Food security concerns intensify as West Asia disruptions raise logistics costs, freight volatility and supply chain risks.
Food security was identified as a central policy concern amid disruptions arising from the West Asia crisis. Experts warned that higher logistics costs, energy prices, fertiliser costs, shipment delays and working capital stress were increasing risks across India's food ecosystem, with maritime route disruptions affecting imports of essential commodities and export competitiveness. Policy support was advocated through freight stabilisation, alternative trade routes, diversified sourcing, stable export policies, logistics resilience, domestic production, working capital support and real-time monitoring of global supply disruptions.
April 17, 2026
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Electricity tariff hike draws statewide protests amid claims of consumer burden, regulatory objection, and broken welfare promises.
Opposition protests were reported across Jharkhand against the state government's electricity tariff hike, with demands for withdrawal of the revised rates. The criticism focused on the burden on ordinary consumers, alleged inconsistency with promises of free electricity and welfare measures, and reported objections from the State Electricity Regulatory Commission. The protests were also tied to broader allegations of administrative failure, corruption, and excessive electricity billing.
April 17, 2026
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Money laundering probe over alleged forged title deeds and land-grabbing linked to Kolkata realty projects.
Fresh searches were conducted by the Enforcement Directorate under the Prevention of Money Laundering Act against entities linked to a Kolkata-based real estate group in a money laundering probe. The investigation concerns alleged fabrication of a false chain of title through forged documents, land-grabbing allegations, and the use of that title claim to launch real estate projects and induce public investment. The company denies wrongdoing and says its project was developed under a valid agreement.
April 17, 2026
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Aadhaar biometric updation camps to be held in Himachal schools for eligible children under UIDAI guidelines.
Mandatory biometric update camps are to be organised in government and private schools across Himachal Pradesh in a district-wise phased manner to facilitate Aadhaar biometric updation for children who have attained the age of five years or 15 years. The camps follow UIDAI guidelines requiring updated fingerprints, iris scan and photograph to maintain the validity and accuracy of Aadhaar, and guardians are advised to ensure timely completion of the process.
April 17, 2026
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Illegal Aadhaar enrolment racket exposes biometric fraud, forged identities and misuse risks in digital authentication systems.
Illegal Aadhaar enrolment activity was detected in Hanumangarh district, where an unauthorised centre was allegedly operated using the login credentials of other operators to generate fake Aadhaar cards by manipulating biometric data. Dummy fingerprints, copied retina images and forged signatures on enrolment receipts were used to bypass authentication safeguards. Police seized equipment including a laptop, printer, iris scanner, fingerprint devices, GPS equipment, camera and a mobile phone, and registered a case under relevant provisions of the Bharatiya Nyaya Sanhita and the IT Act.
April 17, 2026
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Foreign exchange reserves rise as higher currency assets and gold lift India's forex kitty above the USD 700-billion mark.
India's foreign exchange reserves increased to USD 700.946 billion during the week ended April 10, 2026, driven by higher foreign currency assets, gold reserves, Special Drawing Rights and the reserve position with the International Monetary Fund. The foreign currency assets rose to USD 555.983 billion, while gold reserves increased to USD 121.343 billion and Special Drawing Rights to USD 18.763 billion.
April 17, 2026
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Coal import probe prompts Special Presidential Commission to review procurement procedures, state loss, and energy sector oversight.
Sri Lanka appointed a Special Presidential Commission of Inquiry to examine coal imports for power generation by Lanka Coal Ltd from the commencement of imports up to 16 April 2026, including whether the imports caused loss to the state and whether accepted procurement procedures were followed. The commission was constituted under the Special Presidential Commissions of Inquiry Act and its special provisions. The inquiry followed concerns raised over coal procurement and alleged irregularities in the state supply chain for thermal power generation.
April 17, 2026
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Category II AIF launch targets pre-leased commercial real estate through a diversified income-oriented investment strategy.
SEBI-registered Category II AIF manager Alt Capital announced the launch of AltCap Yield Fund III, the third scheme under its alternative investment fund platform, in partnership with FundsIndia Private Wealth to raise a target corpus of Rs. 1,000 crore with an additional green shoe option. The scheme is targeted at institutional investors, HNIs, family offices, and select domestic and NRI investors, and is positioned as an income-oriented real estate vehicle focused on stable, pre-leased Grade A/A+ office and warehousing assets. The stated approach includes diversification, prudent leverage, and a portfolio-exit strategy.
April 17, 2026
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Startup India recognition, funding support, and public procurement expand as startup numbers, jobs, and patent filings rise.
Government recognition of startups under the Startup India initiative reached a record level in FY 2025-26, with total recognised startups crossing 2.23 lakh and direct jobs exceeding 23.36 lakh. Support continues through the Fund of Funds for Startups, the Startup India Seed Fund Scheme, and the Credit Guarantee Scheme for Startups, including expanded guarantee cover, incubator funding, and continued disbursement mechanisms. Startup-led innovation has also grown through higher patent filings and wider participation in public procurement through the Government e-Marketplace.
April 17, 2026
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Norms Committees reform under DGFT aims to streamline duty-free import approvals and improve trade facilitation for exporters.
Strengthening of Norms Committees under the Directorate General of Foreign Trade has been undertaken to improve the administration of the Advance Authorisation and Duty-Free Import Authorisation schemes under the Foreign Trade Policy. These schemes permit duty-free import of inputs physically incorporated in export products, with authorisations ordinarily issued against notified Standard Input Output Norms and, where such norms are unavailable, against self-declared input-output norms later examined and finalised by sector-specific committees. The reforms are directed at improving turnaround time, enabling earlier approvals, and making the norms fixation process more transparent and predictable.

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Maharashtra's Pollution Control Chief Takes India's Environmental Governance Case to Europe

May 8, 2026

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Siddhesh Kadam, Chairman of the Maharashtra Pollution Control Board, addresses Europe's largest plastic recycling summit in Amsterdam, becoming the first Maharashtra environmental official to represent India at the Plastic Recycling Show Europe, and places the country's traceability framework on the global map. Mumbai, Maharashtra, India & Amsterdam, Netherlands --- Business Wire India Siddhesh Kadam, Chairman of the Maharashtra Pollution Control Board (MPCB) and a Shiv Sena leader within Maharashtra's Mahayuti ruling alliance, appeared before a high-profile international panel at the Plastic Recycling Show Europe 2026 (PRSE 2026) in Amsterdam on 6 May, becoming the only serving Indian government official on the panel and the first Maharashtra regulator to address this global forum. The panel, titled 'Importance of Traceability for Global Plastic Trade,' brought together regulators, recycling industry leaders, and policymakers from across Europe and Asia at what is widely recognised as the continent's pre-eminent plastic industry event. For Mr. Kadam, the appearance was both a platform and a responsibility, to represent India's regulatory position at a moment when global plastic governance is in active and consequential flux. Central to Mr. Kadam's address was a fact that surprised several European delegates: India's national plastic packaging traceability system is already operational. Since 1 July 2025, every plastic packaging unit produced or sold in India must carry a machine-readable QR code or barcode linked in real time to the manufacturer's registration on the Central Pollution Control Board's EPR portal, a mandate that covers over twenty million tonnes of plastic annually, with no exemptions by industry sector or company size. Cross-referencing with GST registration data ensures the system has teeth. The European Union's comparable mechanism, the Digital Product Passport under the Ecodesign for Sustainable Products Regulation, is projected to extend to plastics and packaging only around 2028 to 2030. India's system is live today, at a national scale no single European country can match. Mr. Kadam placed this fact before the Amsterdam audience without triumphalism, framing it instead as the basis for a bilateral technical conversation between India and Europe on aligning their respective traceability architectures. "India is not asking to be written into the global plastic conversation. It is already in it with a framework, with enforcement data, and with the scale that makes its participation indispensable to any solution that actually works." — Siddhesh Kadam, Chairman, MPCB, at PRSE 2026, Amsterdam 1 Jul 2025 National QR traceability — live 20M+ T Plastic covered by the mandate 30%→60% Recycled content target, rigid packs ~$982M India EPR credit market, 2024 On Maharashtra's enforcement record, between June 2024 and January 2025, MPCB flying squads conducted over fifteen thousand retail inspections across the state's thirty-six districts, seized fourteen and a half tonnes of illegal single-use plastic, and imposed penalties on nine hundred retailers, a ground-level compliance exercise that gave his international audience a concrete measure of regulatory intent. He also offered European delegates an unfamiliar perspective on India's circular economy infrastructure: the four million informal waste workers, ragpickers, kabadiwalas, and scrap aggregators who recover approximately eighty percent of urban plastic in Indian cities, contributing nearly seventy percent of all PET recycling, at near-zero public expenditure. He noted that India's 2025 EPR amendments have begun formally integrating this workforce into the verified supply chain, enabling EPR credits to flow through recyclers who can document their sourcing from informal collectors. The argument drew a pointed response from European panellists accustomed to framing informality as a governance gap rather than a cost-effective circularity model. "Four million Indians collect, sort and channel plastic every single day — without a deposit-return scheme, without a government subsidy, without a fleet of collection trucks. Europe spends billions to do what they do organically. That is not a problem. That is a lesson." — Siddhesh Kadam, Chairman, MPCB, at PRSE 2026, Amsterdam Mr. Kadam also addressed the crisis gripping European plastic recycling, nearly one million tonnes of operational capacity lost between 2023 and 2025, with plant closures rising by fifty percent in the first half of 2025 alone, despite industry investment of five billion euros in the preceding three years. He attributed the collapse not to a failure of capital or technology but to an enforceable traceability gap: the inability of regulators to reliably distinguish verified recycled material from cheaper, mislabelled virgin plastic imports had made the market for genuine recyclates commercially untenable. On the European Commission's planned 2026 import controls, new customs codes to distinguish virgin from recycled plastic, and expanded audits of overseas processing facilities, Mr. Kadam offered India's position directly: traceability-based import requirements are legitimate regulatory instruments, provided they are applied on consistent terms to all market participants. India supports the principle; it reserves judgment on the implementation. He further proposed that MPCB and India's CPCB are ready to engage with European counterparts on technical alignment between India's QR architecture and the EU's Digital Product Passport, noting that the two frameworks are built on compatible international standards and that interoperability is achievable with political commitment on both sides. Speaking on the United Nations negotiations towards a global legally binding treaty on plastic pollution, Mr. Kadam called for the adoption of a universal plastic traceability data standard as a core treaty instrument, a single data language that would allow regulators across jurisdictions to verify material provenance and recycled content along the full supply chain. The proposal found visible traction among European delegates, several of whom engaged Mr. Kadam in further discussion on the sidelines of the session. "The global plastic crisis will not be resolved by one continent's regulations or one country's ambition. It will be resolved when the major economies agree on a common language for traceability — and then enforce it. India is ready to help write that language." — Siddhesh Kadam, Chairman, MPCB, at PRSE 2026, Amsterdam Mr. Kadam's participation at PRSE 2026 represents a significant step in India's engagement with the international environmental governance agenda at a practitioner level. His presence on the panel as a serving regulator responsible for enforcing plastic waste rules across a jurisdiction of one hundred and thirty million people, gave India's position a specificity and credibility that is often absent from high-level diplomatic statements on environmental matters. Officials in Mumbai indicated that follow-up bilateral conversations with European regulatory counterparts are now being explored. About MPCB The Maharashtra Pollution Control Board is the statutory environmental regulatory authority for Maharashtra, India’s most industrially significant state, with jurisdiction over 130 million people. It operates under the Water (Prevention and Control of Pollution) Act, 1974, and is the designated enforcement body for national plastic waste management rules within the state. All data cited in this release is drawn from official MPCB press releases, the CPCB public EPR portal, Plastics Recyclers Europe industry reports, and the OECD's May 2025 report on global plastic waste trade. This release may be reproduced with attribution to MPCB and IdeateLab. To View The Image, Click On The Link Below: Shri Siddhesh Kadam, Chairman MPCB in conversation at the PRSE 2026, Amsterdam (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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