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    Union Minister of Commerce & Industry, Shri Piyush Goyal, Launches BHAVYA Portal
    India Secures Continued Market Access for Aquaculture, Honey, Eggs and Animal Casings Exports to the European Union Beyond September 2026
    Who Can Apply for a Gold Loan and What the Eligibility Criteria Are
    Court allows ED access to SFIO documents in CMRL-Exalogic money laundering case
    RBI invites comments on the draft “Reserve Bank of India (Interest Rate on Deposits) Amendment Directions, 2026
    GIFT City explained: Why it is becoming a global financial destination
    PIL in SC alleges Rs 1,500 cr banking fraud, seeks court-monitored probe
    Available Functionality for Tax Payers
    Know Your Loan Eligibility Before Applying with the Bajaj Finance Personal Loan Eligibility Calculator
    AU Small Finance Bank Brings a Range of Savings Accounts Built for Every Indian Customer
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    STANDARD OPERATING PROCEDURE (SOP) ON TDS
    Trex Energy Launches REX BESS 125kW/261kWh with Liquid-Cooling (C&I) to Support Smart Industrial Energy Infrastructure
    Spark Capital PWM Wins Three Global Private Banking Innovation Awards 2026; Arpita Vinay Named Asia’s Outstanding Wealth Management CEO
    Bengal: Dark spots on Himsagar mangoes cast shadow on export shipment
    LPG Price Hike: Govt says rates in India among world's lowest despite 46 pc jump in global benchmark
    MP seeks stronger trade, investment ties with Latin American, Caribbean nations, says CM
    Minister Lokesh pitches Andhra as India’s gateway to Arctic logistics network
    Tezpur Litchi Festival opens new export potential for Assam's GI-tagged fruit
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    June 8, 2026
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    Industrial park development scheme uses a competitive digital portal for transparent project selection, monitoring, and infrastructure planning.
    BHAVYA is a Government industrial park development scheme launched through a dedicated portal to operationalise a competitive, challenge-based framework for selecting and implementing investment-ready industrial parks across States and Union Territories. The scheme contemplates development of 100 industrial parks over six years, with State Governments providing land and the Government of India supporting infrastructure through the National Industrial Corridor Development Corporation under a 51:49 partnership model. NICDC will implement and monitor the scheme through the BHAVYA Portal as a single digital interface for project submission, appraisal, evaluation and real-time monitoring.
    June 8, 2026
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    Market access for aquaculture and animal-origin exports continues as India meets updated European Union requirements.
    European Union amended Regulation (EU) 2021/405 to add requirements for exports of aquaculture products, eggs, honey and animal casings from September 2026 in response to antimicrobial resistance concerns. India has been included as an authorised country to continue exporting these products beyond September 2026, following coordinated engagement by the Department of Commerce, the Export Inspection Council and other stakeholders and strengthened inspection, testing and certification controls aligned with European Union requirements.
    June 8, 2026
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    Gold loan eligibility and repayment flexibility widen access through minimal KYC, gold-based valuation, and simple online application.
    Gold loan eligibility is broad and based on pledged gold collateral rather than income proof or extensive credit documentation. Indian citizens aged 21 to 80 may apply, using gold jewellery or ornaments of 18 to 22 karat purity, or gold coins up to 24 karats. Documentation is minimal and limited to one valid KYC document. Interest depends on loan amount, tenure, and gold purity, repayment is flexible, and foreclosure is permitted without additional charge.
    June 8, 2026
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    Money laundering probe gains access to SFIO records in CMRL-Exalogic investigation over alleged proceeds of crime.
    The Enforcement Directorate sought access to documents collected by the Serious Fraud Investigation Office in a money laundering investigation connected with Cochin Minerals and Rutile Ltd and Exalogic Solutions Private Limited. The court permitted the ED to obtain copies of 134 SFIO documents after hearing the ED, the SFIO and CMRL, notwithstanding CMRL's objection that the records should not be handed over without hearing the company.
    June 8, 2026
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    Rupee bulk deposit pricing and interest rate disclosure rules are proposed for banks under draft RBI amendment directions.
    Greater flexibility for banks in pricing Rupee bulk deposits and uniformity in disclosure of interest rates on deposits are proposed through draft amendment directions issued for commercial banks, small finance banks, regional rural banks, payment banks, local area banks and urban co-operative banks. Comments and feedback on the draft amendment directions may be submitted by regulated entities and members of the public or other stakeholders up to the specified deadline through the online regulatory consultation platform or by email using the prescribed subject line for the relevant draft direction.
    June 8, 2026
    Show AI Summary
    GIFT City financial framework attracts NRIs with tax exemptions, foreign currency transactions, and simplified compliance.
    GIFT City is described as India's first International Financial Services Centre, operating within a special regulatory framework that permits foreign currency financial activity and functions like an offshore financial hub. The article states that NRIs and other participants are attracted by tax exemptions, simplified compliance, a dedicated regulatory structure, and direct foreign currency transactions without mandatory conversion to rupees.
    June 8, 2026
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    Banking fraud investigation plea seeks court-monitored probe into alleged diversion of funds and suspicious transactions.
    A public interest litigation filed in the Supreme Court alleges banking fraud involving asset reconstruction companies, public sector banks and a Noida-based infrastructure firm, and seeks a court-monitored investigation into the transactions identified in a forensic audit report. The plea asks for a judicial commission or expert committee comprising officers of the RBI, SEBI, SFIO, ED and CBI to examine the alleged corporate and banking fraud facilitated by the asset reconstruction companies. As an alternative, it seeks directions to the ED, SFIO and CBI to investigate suspicious transactions mentioned in an Ernst & Young forensic audit report.
    June 8, 2026
    Show AI Summary
    GST portal functionality expands digital compliance tools for registration, refunds, returns, e-way bills, and taxpayer validation.
    GST portal functionality is expanded across registration, refunds, payments, returns, e-way bill management, audit, appeal, assessment, enforcement and related compliance modules. The listed updates cover bank account validation, Aadhaar authentication and e-KYC, geocoding of business premises, addition and alteration of registration data, suspension and revocation workflows, temporary user ID facilities for unregistered persons, and automated status tracking for registration and refund applications. The portal also provides return-filing and statement features such as e-invoice import, GSTR-1 and GSTR-3B enhancements, GSTR-2B validation, GSTR-4 and GSTR-9 related changes, HSN validation, sequential filing controls, late fee and interest computation adjustments, and QRMP scheme support.
    June 8, 2026
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    Personal loan eligibility planning helps borrowers estimate repayment capacity, choose suitable tenure, and avoid over-borrowing before applying.
    Personal loan applicants are encouraged to assess borrowing capacity before applying by using an online eligibility calculator that estimates the loan amount a borrower may qualify for on the basis of monthly income, monthly expenses, city of residence, and date of birth. The calculator helps prospective borrowers choose a loan amount and repayment tenure aligned with their repayment capacity and budget. The product described is a collateral-free personal loan with variable interest rate and repayment tenure extending up to 108 months, with disbursal subject to lender assessment and document verification.
    June 8, 2026
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    Savings account products with video KYC, app-based banking and segment-specific features shape AU Small Finance Bank's customer offering.
    AU Small Finance Bank announced a range of savings accounts for different customer segments, with online account opening through video KYC, access through the AU 0101 mobile banking app, debit card options and interest rates shown through official channels. The accounts are described as paperless and available without branch visit for eligible customers, with app-based features for UPI, fund transfers, bill payments, debit card management, statements, auto-debits and rewards. Certain premium and family-linked features are subject to eligibility, minimum balance requirements and the bank's policies.
    June 8, 2026
    Show AI Summary
    GST TDS compliance covers registration, GSTR-7 filing, certificate issuance, and cash-ledger credit for accepted deductions.
    Tax deduction at source under GST applies to specified government bodies and notified persons, with 2% for inter-State transactions and 1% each for intra-State transactions. Registration is required irrespective of turnover, and the portal process involves application submission, OTP verification, and final filing through digital signature, e-signature, or electronic verification code. GSTR-7 is filed for reporting deducted tax and payment, while Form GSTR-7A is issued as the TDS certificate after acceptance of the transaction. Accepted TDS is credited to the supplier's cash ledger, and excess or erroneous deduction is handled through the refund mechanism.
    June 8, 2026
    Show AI Summary
    Tax deductor registration under GST requires online filing, prescribed verification, and timely processing before GSTIN issuance.
    Departments, establishments, local authorities, government agencies and notified persons making contractual payments above the prescribed threshold must register as tax deductors at source under GST and deduct tax at the applicable rate before remitting it to the GST account. Registration is filed online in the prescribed form and requires valid PAN or TAN, mobile number, e-mail ID, prescribed documents, place of business and an authorised signatory. The application is processed by the tax officer before GSTIN issuance, with prescribed timelines, status tracking, TRN validity, signature options and documentary requirements.
    June 8, 2026
    Show AI Summary
    GST TDS compliance framework explains threshold, deduction rates, registration, return filing, and certificate issuance for deductors.
    TDS under GST applies to specified government and government-controlled deductors when payment or credit is made to suppliers of taxable goods or services under a contract exceeding Rs. 2,50,000, excluding GST and cess. The SOP explains the taxable threshold, intra-State and inter-State rates, exclusions for exempt or non-taxable supplies, the procedure for registration, challan payment, return filing in FORM GSTR-7, and issue of FORM GSTR-7A certificate. It also outlines late fee, interest, penalty, and refund consequences for non-compliance.
    June 8, 2026
    Show AI Summary
    Battery energy storage systems gain a scalable liquid-cooled design for industrial power, backup, and renewable integration.
    Trex Energy announced the commercial launch of a liquid-cooled Battery Energy Storage System for commercial, industrial, and utility applications, combining a lithium iron phosphate battery, integrated energy management, AC/DC architecture, and fire suppression in a single-cabinet design. The system is presented as a scalable storage solution for on-grid and off-grid use, with compatibility for renewable generation, EV charging, backup power, and grid-support functions.
    June 8, 2026
    Show AI Summary
    Wealth management innovation recognized through leadership, client service and family office excellence at global private banking awards.
    Spark Capital Private Wealth Management was recognised at the Global Private Banking Innovation Awards 2026 for leadership, client service and brand-building in private banking and wealth management. Arpita Vinay was named Outstanding Achievement by a Wealth Management CEO - Asia, reflecting the firm's client-centric, technology-driven and institutional advisory approach for ultra-high-net-worth and family office clients. The firm also received awards for Outstanding Wealth Management Service by a Multi-Family Office and Outstanding Marketing Campaign.
    June 7, 2026
    Show AI Summary
    Mango export quality concerns as weather-induced spotting threatens Himsagar shipments and import acceptance.
    Weather-induced mango disease has affected the export prospects of Bengal's Himsagar mangoes, as dark spots on bagged fruit may make produce unsuitable for overseas shipment and organised retail sales. The spots are attributed to continuous rain during bagging followed by high temperatures, and exporters say such blemishes can lead to rejection by importers because export fruit is expected to be free from spotting. Export promotion efforts continue through fruit bagging, good agricultural practices, scientific harvesting and post-harvest handling to meet international quality standards.
    June 7, 2026
    Show AI Summary
    Domestic LPG pricing linked to global benchmarks sees hike as government keeps household cooking gas below import cost.
    Domestic LPG prices were raised in response to higher international benchmark costs linked to West Asia disruptions, while the government continued to modulate consumer pricing for households. The revised retail price for a 14.2-kg cylinder in Delhi was stated at Rs 942, and Ujjwala beneficiaries were to pay an effective Rs 642 on the first four annual refills through a Rs 300 direct benefit transfer. The statement distinguished domestic LPG from fully market-priced commercial cylinders and said supply was maintained through increased production, diversified imports, and subsidy support.
    June 6, 2026
    Show AI Summary
    Trade and investment cooperation with Latin American and Caribbean countries expands through export facilitation, infrastructure upgrades and sectoral partnerships.
    Madhya Pradesh urged stronger trade and investment engagement with Latin American and Caribbean countries, highlighting rising exports and broad scope for bilateral cooperation in sectors such as pharmaceuticals, agriculture and food processing, information technology, biotechnology, energy, mining, logistics, manufacturing and tourism. The state government also proposed export infrastructure measures, including export facilitation centres, quality testing and certification facilities, upgraded export hubs, stronger buyer-seller linkages, improved export finance and risk coverage mechanisms, and skill development for exporters.
    June 6, 2026
    Show AI Summary
    Arctic logistics and aluminium value addition shape Andhra Pradesh's push to become a strategic trade and manufacturing hub.
    Andhra Pradesh was presented as a strategic gateway for Arctic logistics and broader global trade, supported by its coastline, ports and logistics infrastructure. The discussion stressed resilient supply chains, shorter shipping routes, two-way cargo movement and stronger economic connectivity. Separate talks with RUSAL focused on expanding aluminium value addition in the state through downstream manufacturing, smelting capacity and an integrated industrial ecosystem linked to ports, logistics and renewable energy.
    June 6, 2026
    Show AI Summary
    GI-tagged Tezpur litchi festival highlights export growth, value addition and wider market opportunities for growers.
    Tezpur Litchi Festival 2026 highlighted Assam's GI-tagged Tezpur litchi as a crop with growing export and agro-processing potential. The event brought together farmers, exporters, scientists, entrepreneurs and policymakers to discuss market expansion, branding, value addition and improved cultivation practices, while fresh export initiatives were announced for Dubai and Singapore. The festival also showcased innovative litchi-based products, exhibitions, seminars and farmer recognition to strengthen commercial visibility and market reach.

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      Customs, DGFT & SEZ

      APEDA Facilitates First Export of GI-Tagged Tezpur Litchi from Assam to Dubai

      June 9, 2026

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      The Agricultural and Processed Food Products Export Development Authority (APEDA), under the Ministry of Commerce & Industry, facilitated the first export consignment of GI-tagged Tezpur Litchi from Assam to Dubai on 7 June 2026, marking a significant milestone in expanding international market access for agricultural products from the North Eastern Region.

      The one-metric-tonne consignment comprised GI-tagged Tezpur Litchi is one of Assam's most celebrated horticultural products, renowned for its exceptional sweetness, bright-red appearance, distinctive aroma and superior eating quality. The region cultivates several notable varieties, including Bombaya, Bilati, Elaichi, Piyaji and Sahi, which are widely appreciated for their distinctive flavour and quality characteristics.

      The Geographical Indication (GI) status has strengthened the identity and market recognition of Tezpur Litchi, enhancing its appeal among international buyers and creating new opportunities for premium agricultural exports from Assam. The export also reflects the growing acceptance of India's GI-tagged agricultural products in global markets and highlights the immense export potential of the North Eastern Region, which is home to a diverse range of high-value agricultural commodities.

      The consignment was ceremonially flagged off in the presence of Member of Legislative Assembly, Tezpur, Shri Prithiraj Rava; Agriculture Production Commissioner, Government of Assam, Smt Aruna Rajoria, IAS; Chairman, APEDA, Shri Abhishek Dev, IAS; District Commissioner, Sonitpur, Shri Ananda Kumar Das, ACS; and representatives of M/s DMR Green Valley Agro Fresh Pvt. Ltd. The event was attended by farmers, exporters, officials of the Government of Assam, senior officials of APEDA and other stakeholders.

      A key outcome of the initiative has been improved returns for farmers. Growers associated with the export supply chain received nearly 10 per cent higher prices compared to prevailing domestic market rates despite strong local demand. The shipment has created new marketing opportunities for litchi growers and is expected to encourage greater participation in export-oriented value chains, contributing to enhanced incomes and sustainable livelihood opportunities.

      APEDA has been actively promoting agricultural exports from the North Eastern Region through infrastructure development, quality assurance and certification support, capacity-building programmes, export-oriented production practices and market linkage initiatives. Through sustained engagement with State Governments, Farmer Producer Organisations (FPOs), exporters and other stakeholders, APEDA continues to facilitate the integration of farmers into global value chains and create new export opportunities for region-specific agricultural products.

      The successful export of Tezpur Litchi to Dubai is expected to pave the way for larger export volumes in the future and further strengthen the global presence of Assam's GI-tagged products. The initiative reflects APEDA's continued efforts to promote agricultural exports from the North Eastern Region while connecting Indian farmers with international markets.

      The Agricultural and Processed Food Products Export Development Authority (APEDA) was established under the APEDA Act, 1985, under the Ministry of Commerce & Industry. APEDA is mandated to promote the export of scheduled agricultural and processed food products and supports exporters, farmers and FPOs through quality development, capacity building, infrastructure assistance and market promotion initiatives. Through these efforts, APEDA continues to drive value addition, market diversification and enhanced export opportunities for Indian agricultural products.

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