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    RBI invites public comments on the draft Amendment Directions on ‘Standardised Approach for Counterparty Credit Risk (SA-CCR)’
    Ex-Kerala CM’s daughter seeks postponement of ED questioning in CMRL PMLA case
    Rupee slumps 32 paise to 95.57 against US dollar in early trade
    Govt waives excise duty on ethanol-blended petrol
    Commerce Secretary Urges Enhanced Trade, Investment and Business Engagement at India–Tajikistan Joint Commission Meeting
    'Gross abuse of process of law': HC quashes Delhi Police, ED cases against NewsClick
    Nepal has not banned Indian mangoes, says govt; 149 consignments exported since Jan
    India rejects allegations of overcapacity in textiles, steel sectors: DGTR
    Ban on Indian mangoes in Nepal could hurt fruit's image in global markets, say UP farmers
    Rupee rises 16 paise to close at 95.25 against US dollar
    Govt highlights tax reforms, investor confidence as Modi completes 12 years as PM
    Bank-fraud case: ED attaches sea-facing house worth Rs 60 Cr in Maharashtra's Murud
    ECLGS 5.0 Achieves a Major Milestone, Guarantee Issuance Crosses 1 Lakh Mark, with total amount of guarantees more than ₹48,000 Crore
    CCI approves acquisition of certain shareholding in Shriram Life Insurance Company by Sanlam Emerging Markets (Mauritius) Ltd
    CCI approves acquisition of certain shareholding in PUMA SE by Ancat Holding GmbH
    Payoneer India Cross-Border Excellence Awards 2026 launched to recognise the country's leading cross-border businesses
    India attracted USD 843 billion in FDI between 2014-15 and 2025-26: Official
    DGTR Organises Media Briefing on Trade Remedy Measures and Fair-Trade Practices
    Government Extends Validity of Credit Guarantee Scheme for Microfinance Institutions-2.0 (CGSMFI-2.0), Increases Loan Limits under the scheme
    Four in Five Business Leaders Expect Permanent Disruption as AI, Tariffs and Critical Minerals Competition Reshape Global Commerce, Finds DMCC Future ...
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    Show All SummariesHide All Summaries
    June 11, 2026
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    Standardised approach for counterparty credit risk updates seek clearer netting, margining, and disclosure treatment under revised directions.
    The Reserve Bank has proposed draft Amendment Directions on Standardised Approach for Counterparty Credit Risk (SA-CCR) to update the framework for computing counterparty credit risk exposure. The draft revisits the earlier SA-CCR-based guidelines in light of later netting, margining, and Basel Committee developments, and seeks to clarify the treatment of CCR across banking and trading book exposures, multiple margin agreements, multiple netting sets, clearing-member transactions, option premium deferment, effective notional for options, and disclosure templates. Comments have been invited from regulated entities and other stakeholders within the consultation period.
    June 11, 2026
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    Money laundering probe under the Prevention of Money Laundering Act covers alleged payments without services and unexplained loan transactions.
    Enforcement Directorate investigation under the Prevention of Money Laundering Act concerns alleged transactions involving Cochin Minerals and Rutile Ltd and Exalogic Solutions Private Limited, including payments without corresponding services and loans without timely repayment. The agency has alleged that these transactions generated proceeds of crime and proceeded on the basis of a prosecution complaint filed by the Serious Fraud Investigation Office. Veena T sought postponement of her scheduled ED questioning on health grounds and said documents would be submitted through counsel.
    June 11, 2026
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    Rupee weakness deepens as crude prices, foreign outflows and a firmer dollar pressure the local currency.
    The rupee weakened in early trade against the US dollar amid higher global crude oil prices, continued hostilities between the US and Iran, heavy foreign institutional investor outflows, and a soft domestic equity market. The local currency was also weighed down by a marginally stronger dollar index and remained sensitive to risk sentiment and external macroeconomic cues. RBI-linked dollar selling had earlier supported the rupee, while intervention was likely aimed at curbing excessive volatility and preventing a sharper slide.
    June 11, 2026
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    Excise duty waiver on ethanol-blended petrol encourages a shift toward cleaner fuel variants across blended petrol categories.
    Excise duty on ethanol-blended petrol has been waived for E22, E25, E27 and E30 variants, with the applicable duty set at nil for petrol containing 22 per cent, 25 per cent, 27 per cent and 30 per cent ethanol blend. The measure is intended to encourage consumers to shift towards ethanol-blended petrol and applies through a finance ministry notification.
    June 11, 2026
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    Trade and regulatory cooperation deepen as India and Tajikistan prioritise pharmaceuticals, agriculture, services and wider economic engagement.
    India and Tajikistan reviewed bilateral trade, investment and regulatory cooperation, and agreed to strengthen coordination between competent authorities, trade bodies and business chambers to facilitate smoother trade and new business projects. Pharmaceuticals, agriculture, services and wider sectoral cooperation were identified as priority areas, including faster registration processes, closer regulatory dialogue and stronger business-to-business linkages. The meeting concluded with signing of the Protocol of the 12th Session and a reaffirmation of commitment to deepen industrial, trade and economic cooperation.
    June 10, 2026
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    Foreign direct investment allegations fail as quashing follows absence of criminal offence and unsupported money-laundering claims.
    Quashing of FIR and money-laundering proceedings was ordered where the underlying investment was treated as an economic decision that did not disclose any criminal offence. The court held that there was no cap or restriction on receipt of foreign direct investment in digital media at the relevant time, and that the allegations of cheating, criminal breach of trust and siphoning of funds were unsupported. The Enforcement Directorate's case also failed because the alleged conspiracy did not show any illegal objective or unlawful means, and no incriminating material had emerged despite extensive investigation.
    June 10, 2026
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    Phytosanitary import rules shape Indian mango exports to Nepal as officials clarify no ban and continue permit issuance.
    Imports of Indian mangoes into Nepal continue to be permitted subject to prescribed phytosanitary requirements, with import permits and release orders being issued on compliance. Nepal has clarified that no ban or suspension has been imposed, while introducing a Hot Water Treatment requirement for consignments. India has said it is facilitating exports in line with the new norms and is pursuing concerns over the revised measures through bilateral channels under the WTO Sanitary and Phytosanitary Agreement and the International Plant Protection Convention framework.
    June 10, 2026
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    Structural excess capacity allegations rejected as India cites low per capita consumption in textiles and steel.
    India has rejected allegations of structural excess capacity in textiles and steel, saying low per capita consumption in both sectors shows no basis for the claim. In response to a United States Trade Representative probe under Section 301, India stated that the notice lacks cogent rationale and prima facie evidence to support the allegation that its major industries create trade surplus through surplus capacity. The trade remedies authority also said excess capacity is not recognised within WTO trade remedial laws.
    June 10, 2026
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    Indian mango exports face reputational strain as Nepal's import ban raises pesticide and quarantine concerns.
    Nepal prohibited the import of Indian mangoes, citing excessive pesticide use and the absence of adequate quarantine facilities in border areas. Growers in Uttar Pradesh said the restriction could damage the international image and credibility of Indian mangoes, including the Dasheri variety, and add to pressure from rising input costs and low returns. The state minister said the ban would not materially affect farmers' earnings, but it has hurt the reputation attached to Indian mangoes.
    June 10, 2026
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    Rupee volatility management strengthened as lower crude prices and likely RBI intervention supported the domestic currency.
    The rupee appreciated against the US dollar as lower Brent crude prices, a softer dollar index and likely intervention by the Reserve Bank of India helped curb excessive volatility and support the domestic currency. Market commentary linked the currency's pressure to geopolitical tensions, energy import dependence and a wider trade deficit when crude prices rise. The report also noted easing government bond yields and foreign inflows into government securities under the Fully Accessible Route.
    June 10, 2026
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    Tax reforms and digital governance are driving investor confidence, broader compliance, and India's growth toward a stronger economy.
    Tax and economic policy reforms, including GST, faceless tax administration and Digital India initiatives, are presented as central measures in strengthening public trust, improving compliance and supporting investment-led growth. The government links these reforms with reduced inflation, a unified national market, banking sector clean-up and rising investor confidence, while describing India's transition from a vulnerable economy to the world's fastest-growing major economy and its progress towards a five-trillion-dollar economy and Viksit Bharat 2047.
    June 10, 2026
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    Money laundering attachment linked to bank fraud covers sea-facing property acquired from diverted funds.
    Provisional attachment under the Prevention of Money Laundering Act was issued against a sea-facing immovable property in Murud, Maharashtra, in a bank loan fraud-linked money-laundering case involving S Kumars Nationwide Limited and former CMD Nitin Kasliwal. The Enforcement Directorate said the property was acquired from diverted funds and was derived from the proceeds of crime arising out of the alleged bank fraud. It also alleged the use of interconnected entities and group companies to divert and layer funds.
    June 10, 2026
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    Credit guarantee support under ECLGS 5.0 expands liquidity access for MSMEs and other borrowers through broad lender participation.
    The Emergency Credit Line Guarantee Scheme (ECLGS) 5.0 provides credit guarantee support to extend additional liquidity to existing borrowers facing pressures arising from the West Asia crisis. It offers 100% guarantee coverage for the MSME sector and 90% coverage for the non-MSME sector, encouraging lending institutions to extend credit under the government-backed framework. The reported coverage has crossed 1 lakh guarantees, with the MSME sector and Public Sector Banks accounting for the bulk of the issuance.
    June 10, 2026
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    Competition approval for minority share acquisition in a life insurer through a preferential issue by a Mauritius investor.
    Competition Commission of India approved the acquisition of a minority shareholding in Shriram Life Insurance Company Limited by Sanlam Emerging Markets (Mauritius) Ltd through a preferential issue. The transaction involves 2.80% of the expanded equity capital, and the target is a registered life insurance company engaged in life insurance and unit-linked insurance business within the ambit of the Insurance Act, 1938.
    June 10, 2026
    Show AI Summary
    Competition approval for share acquisition in PUMA SE by Ancat Holding GmbH through a secondary purchase.
    Competition approval was granted for the acquisition of certain shareholding in PUMA SE by Ancat Holding GmbH, an indirect wholly owned subsidiary of ANTA. The proposed combination involved Ancat's secondary purchase of 29.06% of the issued and outstanding share capital of PUMA SE. Ancat was described as an acquisition vehicle with no business activities, while ANTA and PUMA were engaged in sports products and sportswear businesses.
    June 10, 2026
    Show AI Summary
    Cross-border business recognition platform launches to spotlight Indian exporters, e-commerce sellers, and global growth leaders.
    Payoneer India Cross-Border Excellence Awards 2026 have been launched to recognise Indian businesses and entrepreneurs driving cross-border commerce and export growth. The awards are structured across sixteen categories covering service exports, e-commerce, D2C brands, regional exporters, women entrepreneurs, and related ecosystem roles, with nominations open. Shortlisted nominees will be assessed by an independent jury using weighted criteria on growth, market reach, innovation, employment impact, and digital readiness.
    June 10, 2026
    Show AI Summary
    Foreign direct investment and startup reforms drive India's manufacturing growth, regulatory simplification and broader innovation ecosystem.
    India's investment and industrial policy framework has been strengthened through sustained foreign direct investment, manufacturing incentives and regulatory simplification. Flagship initiatives such as Make in India and the Production Linked Incentive scheme have been credited with increasing domestic manufacturing, export output and job creation across strategic sectors, while broader structural reforms are presented as reinforcing investor confidence and industrial growth. Ease of doing business measures include the removal of more than 47,000 compliance requirements, rationalisation of legal provisions through the Jan Vishwas framework, and the use of the National Single Window System for investment approvals.
    June 10, 2026
    Show AI Summary
    Trade remedy measures and fair trade: DGTR's evidence-based investigations and digital reforms strengthen market access and industry protection.
    Trade remedy measures are described as instruments of fair trade used to address dumped imports, subsidised imports and sudden import surges that injure domestic industry, while preserving legitimate imports at fair prices. The Directorate General of Trade Remedies is stated to function as India's integrated trade remedy authority, conducting anti-dumping, anti-subsidy and safeguard investigations and recommending measures in accordance with domestic law and World Trade Organization obligations. The investigation framework is presented as transparent and evidence-based, involving application scrutiny, initiation, questionnaire-based inquiry, verification, oral hearings, disclosure of essential facts and final findings, with participation opportunities for domestic producers, exporters, importers, user industries and other stakeholders.
    June 10, 2026
    Show AI Summary
    Credit guarantee scheme extension expands microfinance lending support and raises loan limits for large NBFC-MFIs and MFIs.
    Extension of the Credit Guarantee Scheme for Microfinance Institutions-2.0 continues credit guarantee support through the National Credit Guarantee Trustee Company Limited for banks and financial institutions lending to NBFC-MFIs and MFIs for onward lending to small borrowers. The validity of the scheme has been extended up to 31 August 2026 or until guarantees aggregating to Rs.20,000 crore are issued, whichever occurs earlier, and the maximum loan amount for large-sized NBFC-MFIs/MFIs has been increased from Rs.300 crore to Rs.1000 crore, subject to the overall ceiling of 20% of assets under management.
    June 10, 2026
    Show AI Summary
    Artificial intelligence and tariff volatility are reshaping global trade, with resilience, digitalisation and critical minerals now driving competitiveness.
    Global trade is being reshaped by artificial intelligence, tariff volatility, supply chain redesign and competition over critical minerals and clean-energy infrastructure. The report says trade remains resilient but is moving into a more fragmented environment in which AI-related goods are driving a disproportionate share of trade growth, while a growing share of merchandise imports is subject to tariffs or similar restrictions. Business expectations are largely for slow growth, continued disruption and geopolitical uncertainty, with only a small minority expecting a best-case scenario. The report identifies four structural forces driving this shift: AI moving from experimentation to operational deployment; the breakdown of a stable tariff framework; supply chains increasingly organised for resilience rather than pure efficiency; and the energy transition becoming a contest for industrial and geopolitical advantage.

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      PMLA / Black Money

      ED summons sons of K'taka Cong MLA in crypto-linked money laundering case

      June 9, 2026

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      Bengaluru, Jun 9 (PTI) The Enforcement Directorate has summoned two sons of Karnataka Congress MLA N A Haris for questioning in a crypto currency-linked money laundering case, officials said on Tuesday.

      Mohammed Haris Nalapad and Omar Farook Nalapad have been asked to appear before the central agency's office here on June 11 to record their statements under the Prevention of Money Laundering Act (PMLA).

      The Nalapad brothers were raided by the ED in April along with some others.

      Mohammed Haris Nalapad, a former Karnataka Youth Congress president, interacted with the press after the ED raids and denied any wrongdoing claiming that the 21-hour search by the agency in his and his brother's house did not fetch anything.

      He had called the ED action "political vendetta" against his politician father.

      The money laundering case stems from Karnataka Police FIRs and chargesheets filed in a 2017 case involving the hacking of national and international websites, the stealing of bitcoins, and the sale of these "stolen" virtual digital assets (VDA) through crypto platforms by an alleged hacker, Srikrishna Ramesh alias Sriki and his associates.

      In May, the agency arrested Sriki and his alleged associates Robin Khandelwal and Sunish Hegde as part of this investigation.

      The Karnataka Police's special investigation team (SIT) had earlier questioned the Nalapad brothers in this case.

      The 60-year-old Nalapad Ahmed Haris or N A Haris is a four-time Congress MLA, who was elected to the assembly in 2008 and has represented the Shantinagar assembly seat since then.

      Sriki was also arrested by the state police as part of this investigation.

      Congress leaders had alleged in 2021 that he hacked Bitcoins worth Rs 10,000 crore and demanded probe into the possible involvement of the then ruling BJP in Karnataka. PTI NES KVK KVK

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