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    New ED panel okayed 800 PMLA cases against 'emerging' threats like digital arrest, foreign interference
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May 1, 2026
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Money laundering risk assessment now targets digital and cross-border frauds, cyber scams, and emerging PMLA threats.
Risk assessment vetting within the Enforcement Directorate has been used to screen and record PMLA matters involving emerging money-laundering threats. The committee, chaired by a Special Director-rank officer, identifies new risk categories such as cyber and crypto-related fraud, digital arrest, fake loan scams, foreign interference, lobbying against national interest, immigration scams, intellectual property fraud, human trafficking and drug trafficking. The reported trend has shifted from cash-based corruption allegations to complex digital and globally connected financial crimes.
May 1, 2026
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EU auto tariffs and trade deal compliance take center stage as proposed tariff hikes unsettle bilateral trade terms.
The United States President announced an intention to raise tariffs on cars and trucks imported from the European Union to 25%, asserting that the EU was not complying with the parties' trade deal. The trade arrangement previously fixed a 15% tariff on most goods and was identified as the Turnberry Agreement, which both sides had earlier said they would preserve. The report notes that the status of the 2025 deal had already been unsettled after a Supreme Court ruling said the President lacked authority to declare an economic emergency and impose tariffs on EU goods.
May 1, 2026
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GST collections rise on compliance drives, AI-based scrutiny and expanded tax administration across Andhra Pradesh
Andhra Pradesh reported its highest-ever monthly tax collections since the introduction of GST, with April 2026 revenue showing year-on-year growth despite the impact of GST rate rationalisation. The collections rose across GST, IGST settlement, petroleum VAT and professional tax, supported by administrative efficiency, compliance improvement and growth in sectors such as real estate and construction. Revenue gains were reinforced by AI-driven data analytics, automated scrutiny, anti-evasion drives, UPI-based transaction analytics and database integration.
May 1, 2026
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Goods and Services Tax collection surge in Punjab driven by enforcement, compliance gains and technology-based anti-evasion measures.
Punjab reported its highest-ever monthly Goods and Services Tax collection for April, with gross and net GST receipts at record levels and strong year-on-year growth. The increase was attributed to improved core tax administration and compliance, and adjusted growth remained positive even after neutralising an abnormal IGST adjustment from the comparable period. Intensified enforcement, data analytics, intelligence-based inspections and anti-evasion drives were cited as key contributors, alongside technology-driven enforcement and taxpayer facilitation.
May 1, 2026
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Money laundering enforcement shifts toward cyber fraud and terror financing as asset attachments, prosecutions and safeguards expand.
Financial crimes have shifted from bank frauds, corporate scams and real estate cheating toward cryptocurrency fraud, cyber-enabled offences, terror financing and narcotics trafficking, with money laundering investigations described as highly complex because they involve multiple jurisdictions, cross-border transactions, layered financial structures and evolving technologies. The agency reported increased prosecution complaints, a high conviction rate, substantial asset attachments and use of restoration provisions to return properties to victims, while also strengthening supervisory controls, summons verification and accountability mechanisms.
May 1, 2026
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GST collections hit record high as import-led revenues outpace domestic growth under the restructured tax regime.
Gross GST collections rose to a record high in April, driven by stronger import-linked revenues and moderate growth in domestic transactions. Net GST collections also increased after refunds were adjusted, indicating continued revenue expansion under the restructured GST regime. The article notes that post-GST 2.0 rate rationalisation, slab simplification, and technology-led administration have coincided with steady monthly growth, while import-led receipts have continued to outpace domestic collections.
May 1, 2026
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GST revenue collections for April 2026 show gross, refund and net figures alongside state-wise settlement and domestic collection tables.
Gross GST revenue for April 2026 is broken into domestic collections and import IGST collections, with separate reporting of refunds and net revenue under CGST, SGST and IGST. The figures are provisional and may vary slightly on finalisation. The document also presents State-wise SGST and the SGST portion of IGST settlement amounts, along with State-wise domestic collections by Central and State formations, GSTIN counts and growth figures.
May 1, 2026
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Bilateral trade and economic cooperation expand as India and Tanzania deepen sectoral collaboration across trade, energy, health, and infrastructure.
Bilateral trade and economic cooperation between India and Tanzania were reviewed through the 5th Session of the Joint Trade Committee, with both sides reaffirming a commitment to strengthen trade, investment, and institutional dialogue. A range of cooperation areas was identified, including local currency trade settlement, long-term business visas, pharmaceuticals, health, education, shipbuilding, mining, digital public infrastructure, e-commerce, agriculture, fisheries, healthcare, transport, renewable energy, and market access issues such as tariffs, phytosanitary measures, and regulatory procedures.
May 1, 2026
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Anti-money laundering enforcement strengthened to curb financial crimes, protect common money, and ensure bias-free investigation.
The Enforcement Directorate's expanded powers under the anti-money laundering framework are presented as a response to money laundering, hawala, benami assets, corporate fraud and terror funding, and not as a tool to target any person. The account stresses zero tolerance for corruption, equal application of law, bias-free investigation, timely filing of chargesheets, and asset attachment and restoration to legitimate owners such as banks, investors and home buyers.
May 1, 2026
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Capital expenditure priority continues despite fiscal stress, as fuel duty changes and export controls aim to balance prices and supply.
Government expenditure policy remains focused on preserving the budgeted capital expenditure push despite fiscal stress arising from global uncertainty and higher crude oil prices. The planned capital outlay is to be maintained to support growth momentum, with priority sectors identified as highways, railways, shipping, ports and urban development. Recent excise duty cuts on petrol and diesel, along with export duties on diesel and aviation turbine fuel, reflect a balancing of price containment, domestic availability and revenue considerations.
May 1, 2026
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RoDTEP schedule alignment updates customs tariff mapping to reduce classification ambiguity and streamline export benefit processing.
The Department of Commerce has revised the RoDTEP schedules to align Appendix 4R and Appendix 4RE with the amended Customs tariff structure under the First Schedule to the Customs Tariff Act, 1975, as updated by the Finance Act, 2026. The revision realigns RoDTEP tariff lines with the updated customs nomenclature, covering additions, deletions and description changes, and is intended to support implementation of RoDTEP benefits in the Customs Automated System, reduce classification ambiguity and maintain consistency between customs tariff entries and RoDTEP schedules.
May 1, 2026
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Startup ecosystem collaboration boosts innovation, global linkages, and support services for recognised startups.
A Memorandum of Understanding between the Department for Promotion of Industry and Internal Trade and Chamber India is directed toward strengthening the startup ecosystem through innovation-led growth, deeper engagement among startups, corporates, investors, and global stakeholders, and expanded international and cross-border collaboration. DPIIT-recognised startups are to receive concessional Chamber membership with a rebate, together with access to export facilitation, IPR advisory, business matchmaking, and participation in global delegations.
May 1, 2026
Show AI Summary
Export duty on petroleum products revised as fortnightly levy review keeps petrol nil and raises diesel and ATF export charges.
Revised Special Additional Excise Duty and Road and Infrastructure Cess rates have been notified for exports of petroleum products for the fortnight beginning 1 May 2026. Diesel exports attract duty of Rs. 23 per litre as SAED only, aviation turbine fuel exports attract Rs. 33 per litre as SAED only, and petrol exports continue to attract nil duty. The export levies are reviewed fortnightly on the basis of average international prices, while domestic excise duty rates on petrol and diesel remain unchanged.
May 1, 2026
Show AI Summary
Unified Payments Interface scales India's digital payments ecosystem with massive adoption, interoperability, and financial inclusion.
Unified Payments Interface (UPI) has expanded over a decade into India's backbone digital payments infrastructure under NPCI and RBI oversight, with broad bank onboarding and wide merchant and person-to-person adoption. The system is described as a major driver of financial inclusion and high-frequency retail payments, supported by interoperability across banks and payment participants. UPI's scale is reflected in sharp growth in transaction volume and value, including daily and monthly record levels in 2025 and FY 2025-26, along with a large share of India's digital payments and nearly half of global real-time payment volume.
May 1, 2026
Show AI Summary
GST collections rise to a record high as April revenue shows a strong monthly increase in tax receipts.
Gross GST collections rose by 8.7 per cent in April to a record high, according to government data, reflecting a strong increase in tax revenues during the month. The reported collection level was the highest recorded for the period covered by the update, and the note presents the rise as part of the latest monthly GST revenue position.
May 1, 2026
Show AI Summary
GST collections reach record high as domestic receipts, import-linked inflows, and net mop-up all rise in April.
Gross Goods and Services Tax collections rose to a record high in April, with overall receipts increasing year on year. Domestic transaction revenues registered a moderate increase, while collections from imports rose sharply. Refunds also increased during the month, but net GST mop-up remained higher after adjustment for refunds.
May 1, 2026
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Crypto currency frauds and terror financing emerge as new enforcement focus areas for the agency.
The Enforcement Directorate identified crypto currency frauds, terror financing, cyber-enabled crimes and narcotics trafficking as its new focus areas, while noting a decline in bank and real estate frauds after implementation of the Insolvency and Bankruptcy Code and the Real Estate (Regulation and Development) Act. It also reported filing 812 chargesheets and 155 supplementary chargesheets during 2025-26, a 94 per cent conviction rate, pending money laundering trials, and restitution of assets to victims of financial fraud under the Prevention of Money Laundering Act, the Fugitive Economic Offenders Act and the civil provisions of the Foreign Exchange Management Act.
May 1, 2026
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Trade barriers and tariff reduction shape the provisional EU-Mercosur deal, alongside safeguard clauses and legal challenge.
The EU-Mercosur trade agreement has taken provisional effect, beginning a gradual reduction of trade barriers and tariffs and opening wider market access for exporters and businesses on both sides. The deal is subject to a legal challenge before the EU judiciary and may be halted if the court rules against it. It preserves economic safeguard clauses for sensitive sectors such as poultry, beef, sugar and fruit while facing opposition over competition, environmental standards and market disruption.
May 1, 2026
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Windfall gains tax on fuel exports reduced as diesel and aviation turbine fuel duties are revised downward.
Windfall gains tax on exports of diesel and aviation turbine fuel was reduced, with the special additional excise duty on diesel exports cut to Rs 23 per litre and on aviation turbine fuel to Rs 33 per litre. The road and infrastructure cess on diesel exports was made nil for the next fortnight, and the duty on petrol exports remained nil. No change was made in the existing excise duty rates applicable to petrol and diesel for domestic consumption.
April 30, 2026
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FDI automatic route rules are being eased for foreign companies with limited Chinese shareholding, alongside faster processing for key sectors.
Foreign companies with Chinese or Hong Kong shareholding of up to 10 per cent are to be permitted to invest in India under the automatic route in sectors where foreign direct investment is allowed, subject to notification under FEMA. The relaxed regime does not extend to entities registered in China, Hong Kong, or other land-border countries, and earlier mandatory government approval requirements are being revised accordingly. FDI proposals in specified manufacturing-related sectors are to be processed within 60 days, and older proposals under the earlier framework are being reviewed for possible investment on intimation basis.

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Customs & Trade

India, US signal thaw as Jaishankar and Rubio hold candid talks to re-energise relations

May 24, 2026

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New Delhi, May 24 (PTI) India and the US on Sunday sought to signal a reset in their strained ties as External Affairs Minister S Jaishankar and his American counterpart Marco Rubio held frank discussions on thorny issues such as trade, visas, energy security, cross-border terrorism and the implications of the West Asia conflict.

Rubio, who is on a four-day visit to the country, described New Delhi as a major power and dismissed observations that the US-India relationship has lost its two-decade momentum, firmly asserting that the engagement will grow much stronger by the end of the current administration's tenure.

In a clear statement of India's foreign policy priorities, Jaishankar outlined a strategic five-point blueprint for global stability, asserting that India advocates dialogue and diplomacy to address conflicts, supports unimpeded maritime commerce, demands respect for international law and is against "weaponisation" of market shares and resources.

In their first comprehensive dialogue after the India-US ties witnessed major downturn, the two sides primarily focused on vigorously bolstering cooperation in areas of defence, critical minerals, high technology and economic engagement.

"The US-India relationship has not lost any momentum. I understand why some people might say that. I don't understand, but I understand some people say that. This is not about India. This is about the United States in terms of trade," Rubio said at a joint press conference with Jaishankar while responding to a question from PTI.

Rubio called India an important strategic partner of the US and stressed that both sides are aligned on a range of key issues. "India is an important strategic partner of the United States, one of our most important strategic partners in the world," he said.

The relations between the two countries witnessed a major downturn after Washington imposed punitive tariffs on India and President Donald Trump made controversial assertions regarding his role in de-escalating the India-Pakistan military clashes last May.

"Let me state India's broad position... And I would make five points here. One, that we advocate dialogue and diplomacy to address conflicts. Two, we support safe and unimpeded maritime commerce," Jaishankar said.

"Three, we demand scrupulous respect for international law. Four, we are against the weaponisation of market shares and resources. And five, we believe in the value of trusted partnerships and resilient supply chains to de-risk the global economy," he said.

In the talks, Jaishankar forcefully mentioned about how the West Asia crisis has significantly hit India's energy security and brought economic woes, people familiar with the matter said.

The external affairs minister also underlined the importance for India to have multiple sources of energy, emphasising that the energy market should not be "distorted".

"The way we will deal with the current situation in Hormuz and frankly, going forward as well, is to diversify our energy sources, because that is at the heart of our energy security, and that is why we feel strongly that the energy market should not be distorted, should not be constrained.

"It is important to keep energy prices down for global growth," he said.

Jaishankar said India is one of the very few countries that have very good relations with the United States, Israel, Iran and the Gulf countries.

"So we have real interest there. For us, the challenge in this situation is how to maintain all these relationships, how to protect our equities, how to advance our interests. We don't look at it as a zero-sum game," he said.

"We have to manage and take care of all these accounts. I would say there are some general principles by which we would approach this region.

"Obviously, we want peace and stability in the region," he said.

The external affairs minister said India is very much in favour of safe and unimpeded maritime commerce in the Strait of Hormuz.

In the context of energy security, Jaishankar said that there has been a "very significant uptick" in India's energy imports from the US.

"India and the United States both have a very strong interest in ensuring that there is safe and unimpeded maritime commerce. We also have a very strong interest in ensuring that globally energy prices are kept low and that energy sources are more available," he said.

Citing fragile geopolitical situation, Jaishankar said India has very strong relations with the US, Russia, Europe, Ukraine and countries around the world.

"The question then is how do you manage all of them. So in that sense, it is multi-alignment because today's India has that range of interests which require us to manage multiple accounts." The external affairs minister also flagged India's concerns with Rubio over the Trump administration's changes to visa and immigration policies, saying legal mobility should not be adversely impacted by the new approach.

The US Secretary of State acknowledged that there could be "some bumps" and "friction points" in the period of transition as the US is trying to improve the immigration system but ultimately an "efficient" framework will be helpful to every stakeholder.

The Secretary of State said the current process to reform the immigration system is not targeted at India at all.

"Anytime you undertake a reform, any time you undertake a change in the system by which you admit people, there's going to be a period of transition that's going to create some friction points and some difficulties," he said.

"It is not a system that is targeted at India; it is one that's being applied globally. But we're in a period of transition, and like any period of transition, there's going to be some bumps on that road." Answering a question on economic ties, Rubio said India and the US are poised to soon firm up the much-awaited trade agreement that will be both "beneficial" and "sustainable" and would advance the mutual interests of both nations.

"We've made tremendous progress, and I think we're going to wind up with a trade agreement between the US and India that is going to be enduring and is going to be beneficial to both sides and sustainable in a way that addresses national interest that we have," he said.

To a question on Washington's increasingly warm ties with Pakistan and China, Rubio said: "As far as our relations with other countries are concerned, we have relations and we work at the tactical level in many ways with countries all over the world, so does India, like every other responsible nation." "But I don't view our ties with any country in the world as coming at the expense of our strategic alliance with India," he said.

In his remarks, Jaishankar also talked about shared challenges of India and the US.

"Prominent among them is terrorism. Our position in that regard is very clear. It is one of zero tolerance. We appreciate the strong cooperation between the concerned agencies of our two countries in this domain," he said.

"I particularly recognised the extradition from the United States to India last year of a key planner of the 26/11 Mumbai attacks. Our two countries will intensify cooperation bilaterally, as well as in relevant international forums. We will continue to collaborate closely on countering illegal trade," he said.

Hours later, Jaishankar described his talks with Rubio as "good discussions".

Reviewed the entire spectrum of our Comprehensive Global Strategic Partnership, including trade and energy, defence and security, critical minerals and AI, nuclear and people-to-people, counter-terror and counter-narcotics cooperation, he said on 'X'.

"Look forward to joining Secretary Rubio and our colleagues from Australia and Japan for the QUAD Foreign Ministers' meeting on Tuesday," he said.

Rubio also met National Security Advisor (NSA) Ajit Doval.

"The discussions focused on defence, security and strategic technology related cooperation including the TRUST initiative," External Affairs Ministry spokesperson Randhir Jaiswal said.

"The two NSAs reiterated the high priority accorded to the bilateral Comprehensive Global Strategic Partnership. They also exchanged views on regional and global issues," he said.

Rubio also holds the post of National Security Advisor in the Trump administration. PTI MPB RT RT

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