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    UK Trade Secretary Peter Kyle to visit India to ramp up FTA implementation
    Most aspects finalised in trade pact with US; talks now focus on minor issues, commas, full stops: Goyal
    Central Government notifies export levies on exports of petrol, diesel and aviation turbine fuel (ATF) for the fortnight beginning 1st June, 2026
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    Anondita Medicare Limited Secures First Export Order Worth INR 43.14 Crore Under South African Government Condom Tender Program
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June 1, 2026
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Trade liberalisation and market access drive India-UK FTA implementation talks in New Delhi.
UK Business and Trade Secretary Peter Kyle is scheduled to visit New Delhi to accelerate implementation of the India-UK Comprehensive Economic and Trade Agreement and bring the bilateral Free Trade Agreement into force as quickly as possible. The visit is intended to advance the modern economic partnership, support businesses and consumers, and prepare industry for the agreement's entry into force through wider trade opportunities and tariff liberalisation.
June 1, 2026
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Bilateral trade agreement talks focus on final drafting, tariff recalibration, and broader market access negotiations.
India and the United States have largely finalised the first phase of their bilateral trade agreement, with remaining discussions focused on drafting details, legal wording, and adjustments needed to reflect changes in the US tariff environment. The two sides are working toward completion of the interim agreement and then broader negotiations on market access, non-tariff measures, customs and trade facilitation, investment promotion, and economic security alignment. The framework contemplates tariff reductions and expanded Indian purchases of US goods, while current talks may recalibrate the framework in light of changed tariff measures and Section 301 developments.
June 1, 2026
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Export levies on petrol, diesel and ATF are revised fortnightly to support domestic fuel availability.
Export levies in the form of Special Additional Excise Duty and Road and Infrastructure Cess are imposed on exports of petrol, diesel and aviation turbine fuel to support domestic availability of petroleum products by discouraging exports. The levy rates are reviewed and revised on a fortnightly basis according to average international prices of crude oil and petroleum products prevailing since the last review. No change is made to the existing excise duty rates on petrol and diesel cleared for domestic consumption.
June 1, 2026
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Customs duty exemption on cotton imports aims to ease input costs and improve raw material availability for the textile sector.
Temporary exemption from all customs duties on import of cotton is provided to improve cotton availability for the Indian textile sector during the specified period. The measure is intended to reduce input costs across the textile and apparel sector, support manufacturers and consumers, and balance the interests of domestic farmers. It is also expected to assist small and medium enterprises by easing raw material constraints.
June 1, 2026
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India-Oman CEPA expands duty-free access, services commitments and trade facilitation across goods, investment and professional mobility.
The India-Oman Comprehensive Economic Partnership Agreement (CEPA) entered into force on 1 June 2026, creating a framework for trade, services, investment, logistics and regulatory cooperation. The Agreement gives duty-free access to 99.38% of India's exports to Oman, while India liberalizes tariff lines with safeguards for sensitive sectors such as dairy, cereals, fruits, vegetables, edible oils, oilseeds, rubber, leather and spices. It also includes trade-facilitation measures, non-tariff barrier reduction, sector-specific market access and commitments on services and professional mobility.
June 1, 2026
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PMLA bail turns on limited role, minimal traced transactions, prolonged custody, and parity with a co-accused.
Regular bail under the PMLA turned on the accused's limited alleged role, the small quantum of traced transactions, and the stage of the proceedings. The court treated the petitioner's involvement as non-pivotal, considered the custody period and likely trial delay, and held that prolonged pre-trial incarceration would not be justified on the material placed before it. Parity with a co-accused and the non-determinative nature of protest-related allegations were also relevant.
June 1, 2026
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Cross-border business connectivity drives Citi's India Conference focus on investment, capital markets, and economic growth themes.
Citi is set to host its flagship India Conference 2026 in Mumbai as a two-day forum bringing together corporate leaders, investors, clients and thought leaders from the financial and business ecosystem. The conference will serve as a platform for discussions, networking and knowledge-sharing on themes shaping business, investment and economic activity in India and globally. Sessions are expected to cover the macroeconomic outlook, policy environment, capital markets, emerging investment trends, artificial intelligence, digital infrastructure and innovation.
June 1, 2026
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Rupee weakness against the US dollar intensifies as geopolitical tensions, crude prices and dollar strength weigh on sentiment
Rupee depreciated against the US dollar amid renewed geopolitical tensions, higher crude oil prices and a stronger dollar overseas. Market participants linked the weakness to adverse global risk sentiment, rising US Treasury yields and uncertainty around continued peace talks, while attention shifted to the upcoming RBI Monetary Policy Committee meeting. The broader backdrop included a firmer dollar index, higher Brent crude futures, lower domestic equity indices, net foreign institutional outflows, a fall in India's forex reserves and higher gross GST collections in May.
June 1, 2026
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Voice AI banking expands accessibility as Clayfin acquires Louie Voice to enable simpler digital transactions.
Clayfin has acquired Louie Voice, a voice banking platform that uses Voice AI to enable end-to-end banking transactions through natural voice commands within mobile applications and websites. The platform is designed to improve accessibility and inclusivity by reducing manual navigation and supporting users across different literacy levels, age groups, language preferences, and accessibility needs. It supports 11 Indian and 40 global languages and is intended to expand AI-led digital engagement and voice banking experiences for financial institutions.
June 1, 2026
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Comprehensive Economic Partnership Agreement opens preferential market access for Indian exporters in Oman across key sectors.
India and Oman have brought into force their Comprehensive Economic Partnership Agreement, enabling preferential market access in Oman for Indian exporters in sectors such as textiles, leather, plastics, marine products, automobiles, sports goods and agri-items. The agreement was signed in Muscat on 18 December 2025 and entered into force on 1 June 2026, after completion of internal processes by both parties.
June 1, 2026
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Online education programmes expand industry-aligned training in product management, fintech, digital banking, applied AI and modern computing.
Online education programmes were launched to address demand for industry-aligned digital talent in product-led business models, fintech, artificial intelligence and modern computing. The launch includes an Online MBA in Product Management, together with an Online MBA in Fintech & Digital Banking and an Online MCA in Applied AI and Modern Computing. The product management curriculum combines management study with product strategy, user-centric innovation, agile methodologies, analytics, go-to-market execution and digital transformation.
June 1, 2026
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Seafood exports record growth as frozen shrimp drives India's overseas earnings and major markets stay strong.
India's seafood exports reached a record level in 2025-26, with frozen shrimp remaining the dominant export item and the main contributor to foreign exchange earnings. The Marine Products Export Development Authority reported that the United States, China, the European Union and Southeast Asia were major markets, while frozen fish, dried products, squid, cuttlefish, chilled products and live products also contributed to export earnings. Visakhapatnam Port, Jawaharlal Nehru Port Trust and Kochi Port were the leading ports handling seafood cargo.
June 1, 2026
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Aquaculture and export strategy drive stronger revenue, profitability, and a five-pillar execution framework for the next year.
Revenue from operations for FY 2025-26 increased to INR 162.15 crore, with EBITDA, profit before tax, and profit after tax also rising year on year. The company attributed the performance to focus on aquaculture and exports, disciplined cost management, and stronger farm-level operations. It also set out a five-pillar FY 2026-27 execution framework covering strategic alliances, consolidation, digitisation, monetisation, and optimisation.
June 1, 2026
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Export business advances as Anondita Medicare secures first South African government condom supply order under tender framework.
Export business under a South African government procurement programme advanced when Anondita Medicare Limited secured its first export purchase order for male condoms from Supra Healthcare Johannesburg (Pty) Ltd. The order, valued at approximately INR 43.14 crore, covers supply and delivery equivalent to 50 forty-foot containers and is expected to be executed by 30 September 2026. The transaction marks the commencement of supplies under the approved South African tender framework and is described as strengthening the company's export business.
June 1, 2026
Show AI Summary
Revenue growth and record order book drive Exato Technologies' FY26 expansion, profitability gains, and global footprint.
Exato Technologies Limited reported strong FY26 consolidated financial performance, with revenue from operations rising 35% year-on-year and Profit After Tax increasing by 67% year-on-year. The company also disclosed a record order book of INR 600 crore, reflecting strong revenue visibility, and noted expansion through a wholly owned subsidiary in Australia alongside existing subsidiaries in the USA and Singapore.
June 1, 2026
Show AI Summary
GST collections rise on stronger goods and services supplies, with import-linked receipts and net revenues also moving higher.
Gross GST collections increased in May on the back of stronger supplies of goods and services and continued growth in collections from imports. Domestic GST collections under CGST, SGST and IGST were reported for the month, while taxable supplies of goods and services recorded significant year-on-year growth, indicating firm domestic demand and resilience in consumption. IGST collections from imports also rose, GST refunds increased modestly, and net GST revenues were higher after adjustment of refunds.
June 1, 2026
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Rising bond yields and debt sustainability concerns deepen affordability pressures and heighten political risk ahead of the mid-term elections.
Rising US bond yields and higher Treasury borrowing costs are intensifying affordability pressures, slowing growth expectations and increasing political risk as investors reassess the sustainability of government debt. Economists quoted in the report say the administration's stated deficit-reduction measures are unlikely to materially close the gap, while debt-service costs have already risen sharply and are projected to remain a major budget burden. Higher rates are feeding into mortgage costs, car sales weakness and broader voter concerns about living costs ahead of the mid-term elections.
June 1, 2026
Show AI Summary
Rupee weakness reflects crude oil pressure, safe-haven dollar demand and suspected central bank support in the forex market.
The rupee weakened in early trade against the US dollar amid higher crude oil prices, a firmer dollar index and heightened geopolitical tensions linked to the Israel-Lebanon conflict. Market participants also referred to suspected RBI intervention in the currency market, a decline in India's forex reserves and net foreign institutional investor selling in equities.
June 1, 2026
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Anti-narcotics operations under Operation Chakravyuh seize narcotic contraband and expose trafficking through baggage, courier consignments and export cargo.
Coordinated anti-narcotics operations by the Cochin Unit of the Directorate of Revenue Intelligence under Operation Chakravyuh led to the seizure of narcotic drugs and psychotropic substances, including methaqualone, methamphetamine and hashish oil, intended for illicit distribution and trafficking. The contraband was detected through passenger baggage at an airport, concealment in courier consignments and outbound export cargo. More than 24 kg was seized and five persons were apprehended under the Narcotic Drugs and Psychotropic Substances Act, 1985.
June 1, 2026
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Anti-narcotic enforcement targets illicit ganja transportation, with seizure and arrests under the NDPS Act.
Anti-narcotic enforcement action involved the seizure of 104.9 kg ganja in Bihar and the arrest of two persons for illicit transportation under the relevant provisions of the NDPS Act, 1985. The action formed part of a continuing drive by the Directorate of Revenue Intelligence to curb drug trafficking and dismantle narcotics supply networks across India.

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Customs & Trade

EC-Council Launches ADG AI Framework and Self-Assessment Tool to Help Organizations Secure and Govern AI at Scale

May 29, 2026

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Created in collaboration with practitioners from Citi, JPMorgan Chase, Microsoft, KPMG, Deloitte, NTT Data, GE Healthcare, GlobalLogic, Prudential and Salesforce Hyderabad, Telangana, India (NewsVoir) EC-Council, the global credentialing body responsible for the internationally recognized Certified Ethical Hacker (CEH) certification and one of the world’s leading authorities in cybersecurity education, workforce development, and standards-based training, has today announced the launch of its proprietary Adopt. Defend. Govern. (ADG) AI Framework and a free AI Readiness Self-Assessment Tool to help organizations securely adopt, operationalize, and govern artificial intelligence at scale.

Developed with input from practitioners and advisory board members across organizations including Citi, JPMorgan Chase, Microsoft, KPMG, Deloitte, NTT Data, GE Healthcare, GlobalLogic, Prudential and Salesforce, the ADG Framework gives enterprises a unified operating model; three pillars, 12 minimum controls, and nine governance surfaces. The framework is designed to align with the EU AI Act, ISO/IEC 42001, and the NIST AI RMF.

The urgency around AI governance is rising as organizations and enterprises accelerate AI adoption across business operations. Global AI spending is projected to reach $2.5 trillion in 2026, reflecting the speed and scale of enterprise deployment. Yet governance maturity remains critically low: industry findings show that only 1% of leaders believe their AI governance capabilities have reached maturity, while 78% of executives say they would not feel confident in passing an AI governance audit within the next 90 days.

The widening gap between AI acceleration and AI accountability is increasing pressure on organizations to address technical, societal, operational, and systemic AI risk at the same time. Many are deploying increasingly autonomous AI systems while still relying on fragmented policies, outdated security models, and governance structures that struggle under real-world operating pressure.

The ADG Framework has been developed to close this gap. More than a theoretical governance model, ADG is a practitioner-led execution framework engineered for real-world deployment. Designed by professionals actively managing AI risk in some of the world’s most complex operating environments, the framework establishes enforceable minimum controls, operational validation standards, governance surfaces, implementation overlays, and accountability mechanisms that organizations can apply across AI systems, agentic AI environments, multi-model architectures, and large language model ecosystems.

“Most organizations approached AI with a deploy-first mindset, prioritizing speed while governance and security struggled to keep pace,” said Jay Bavisi, Group President, EC-Council. “The result is that organizations are now scaling AI systems faster than they can securely govern them. The ADG Framework was developed to restore operational discipline, establish accountability, and help organizations operationalize AI responsibly before governance failures become systemic business liabilities.” AI Without Guardrails Is a Business Risk The ADG Framework is organized around three deeply integrated operational functions designed to create a complete governance life cycle for modern AI systems: Adopt Helps organizations align AI deployment with business objectives, operational readiness, workforce capability, and implementation accountability.

Defend Focuses on securing AI systems against evolving threats including prompt injection, adversarial manipulation, model exploitation, data poisoning, and AI supply chain compromise.

Govern Embeds oversight, auditability, governance accountability, and risk management into AI systems from deployment through enterprise-scale operations.

Together, the framework introduces 12 minimum controls, nine governance surfaces, nine deployment overlays, and three autonomy tiers covering technical, societal, operational, and systemic AI risk domains. Every control references major global standards and frameworks including the EU AI Act, ISO/IEC 42001, NIST AI RMF, OWASP Top 10 for LLM and Agentic AI, and MITRE ATLAS, helping organizations strengthen governance maturity while reducing compliance fragmentation.

AI Readiness Self-Assessment Tool Introduces Operational Visibility Alongside the framework, EC-Council has launched a free AI Readiness Self-Assessment Tool to help organizations evaluate their governance posture before vulnerabilities emerge at scale.

The tool enables organizations to measure AI maturity across governance readiness, implementation discipline, operational resilience, security posture, and accountability structures while mapping findings into a prioritized implementation roadmap. For boards, regulators, and executive leadership teams facing growing scrutiny around AI governance, the tool provides an evidence-based view of organizational AI exposure and governance preparedness.

“The framework’s three pillars reflect the cross-functional model that leading AI organizations like Salesforce have used to scale AI responsibly. It establishes a solid, replicable blueprint across any industry, deployment model, or regulatory environment.” said Kathy Baxter, Principal Architect, VP of Responsible AI & Tech at Salesforce, AI Advisory Board Member, and Contributor to the ADG Framework.

New AI Certifications Aligned to the ADG Framework To support implementation of the framework, EC-Council has also introduced three new AI certifications aligned with the ADG operating model. The certifications are designed to help organizations build workforce capabilities around AI governance, offensive AI security, and responsible AI implementation.

The certifications include: • Certified AI Program Manager (CAIPM) • Certified Offensive AI Security Professional (COASP) • Certified Responsible AI Governance and Ethics Professional (CRAGE) The programs help practitioners evaluate, test, secure, and govern AI systems across modern operating environments.

“The ADG Framework is the operating model that enterprise AI has been missing. It turns abstract standards into auditable practices and resolves the real tension between delivery speed and safety. For a board, that is the difference between scaling a fleet of agents with confidence and taking a leap of faith.” said Lewis V. Adams, VP, Enterprise AI & Capital Productivity Transformation at Citi, AI Advisory Board Member, and Contributor to the ADG Framework.

Open, Community-Driven, and Built to Scale The ADG Framework is designed as an open, community-driven initiative that organizations can adopt freely, without licensing fees or vendor lock-in. It is structured to evolve alongside AI technologies while enabling practitioners, enterprises, governance leaders, and security teams to contribute to the continued development of operational AI governance standards.

“The industry doesn’t lack AI frameworks; it lacks operational clarity. The ADG framework places a strong emphasis on AI security, particularly in addressing adversarial risks and model vulnerabilities, while also mapping broader governance and regulatory expectations. What’s especially valuable is its inclusion of measurable indicators, which helps organizations move from high-level principles to more actionable and trackable AI risk management as they transition into real-world deployment.” said ShanShan Pa, Global Head of AI & Data Governance at GlobalLogic, AI Advisory Board Member, and Contributor to the ADG Framework.

The ADG AI Framework, AI Readiness Self-Assessment Tool, implementation guidance, and supporting certification programs are now available through EC-Council Official Website.

About EC-Council EC-Council is the creator of the Certified Ethical Hacker (CEH) program and a leader in cybersecurity education. Founded in 2001, EC-Council’s mission is to provide high-quality training and certifications for cybersecurity professionals to keep organizations safe from cyber threats.

EC-Council offers over 200 certifications and degrees in various cybersecurity domains, including forensics, security analysis, threat intelligence, and information security.

An ISO/IEC 17024-accredited organization, EC-Council has certified over 400,000 professionals worldwide and serves clients ranging from government agencies to Fortune 100 companies. EC-Council is the gold standard in cybersecurity certification, trusted by the U.S. Department of Defense, the Army, Navy, Air Force, and leading global corporations.

(Disclaimer: The above press release comes to you under an arrangement with Newsvoir and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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