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    MPC opts for 'wait-and-watch' amid growth, inflation uncertainties: RBI minutes
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    Aimanthan Launches India's First Free AI Certification Platform Powered by Claude AI from Anthropic, Bridging the Nation's AI Skills Gap
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June 19, 2026
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Monetary policy wait-and-watch approach prevails as inflation, growth and external shock uncertainties keep rates unchanged.
The Monetary Policy Committee maintained the benchmark policy rate and neutral stance, adopting a wait-and-watch approach amid heightened uncertainty over inflation and growth. Members cited the West Asia conflict, supply-chain disruptions, monsoon variability, and possible energy and food price pressures as factors making near-term projections unstable. The neutral stance was described as preserving operational flexibility to respond to changing macroeconomic conditions.
June 19, 2026
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Artificial intelligence and digital expansion drive Reliance growth plans alongside Jio Platforms' proposed public listing.
Reliance outlined growth plans across artificial intelligence, satellite broadband, clean energy, consumer businesses and exports, while Jio Platforms filed draft papers for a fresh issue of shares as part of a proposed initial public offering. The digital business is positioned for broader 5G expansion, enterprise technology services and overseas commercialisation, while the AI venture is intended to build infrastructure, platforms and services for consumers, enterprises and governments. The group also highlighted clean-energy investments, a shift from oil-to-chemicals toward chemicals and advanced materials, and further expansion in retail and manufacturing.
June 19, 2026
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Free AI certification platform offers QR-verified credentials through Claude AI, making AI skill recognition faster and more accessible.
Aimanthan is a free AI certification platform that gives Indian learners a QR-verified certificate in minutes at zero cost, using Claude AI to generate unique questions, evaluate answers contextually, and issue a score, grade and level based on demonstrated knowledge. Each certificate carries a unique certificate number and QR verification code for live authentication, and the platform also offers AI-powered courses, an AI tutor, college partnership programmes and alignment with Skill India, Digital India and the IndiaAI Mission.
June 19, 2026
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Inflation vigilance and a wait-and-watch monetary stance shape the policy response amid uncertainty and price pressures.
The Monetary Policy Committee minutes record a wait-and-watch approach to monetary policy amid heightened uncertainty over inflation and growth. The Governor supported maintaining the policy rate unchanged while retaining a neutral stance, citing risks arising from conflict-related disruption, supply-chain pressures, and the impact of monsoon conditions on energy, food, and other commodity prices. The minutes also stress the need to remain watchful about the generalisation of inflation in the coming months.
June 19, 2026
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Digital wallet limits spark user opposition as survey backs retaining or increasing caps and linking them to KYC levels.
A public survey of digital wallet users showed broad opposition to reducing wallet storage and transaction limits proposed under the draft Master Direction on Prepaid Payment Instruments, 2026. Most respondents wanted limits retained or increased, while others supported limits linked to the level of KYC or authentication completed by the user. The survey linked lower limits with inconvenience in daily payments and questioned whether tighter caps would reduce fraud. The draft framework was also noted to include higher Full-KYC wallet balances, lower cash top-up limits, transfer caps, interoperability, immediate refunds, and stricter compliance requirements.
June 19, 2026
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Foreign exchange reserves decline as gold reserves fall, while foreign currency assets rise in RBI data.
India's foreign exchange reserves declined during the reporting week, primarily because of a sharp fall in gold reserves, even though foreign currency assets increased. The RBI data showed that the overall reserves fell to USD 671.625 billion, while special drawing rights and India's reserve position with the IMF also recorded marginal declines.
June 19, 2026
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Open market share buybacks through exchanges gain a faster route, alongside eased fund borrowing and quicker AIF fundraising.
Reintroduction of open market share buybacks through stock exchanges provides companies with an additional mechanism for undertaking buybacks and is intended to ensure equitable opportunity and tax treatment for public shareholders. The measure is accompanied by a faster execution timeline for such buybacks. Relaxation of intra-day borrowing norms for mutual funds eases borrowing constraints, while a green-channel mechanism for alternative investment funds permits fundraising to begin within 10 working days of filing placement memorandums.
June 19, 2026
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Banking fraud and stressed loan settlements draw scrutiny over alleged nexus among banks, asset reconstruction companies and borrowers.
Concerns were raised over an alleged nexus between banks, asset reconstruction companies and borrowers in the settlement of stressed loans, with emphasis on misuse of public money and inadequate recovery efforts. A plea sought a probe into alleged banking frauds involving public sector banks, asset reconstruction companies and a Noida-based infrastructure firm, including diversion of loan funds through shell companies, non-existent vendors, undisclosed bank accounts and suspected fraudulent transactions.
June 19, 2026
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Agri-export promotion gains momentum as fresh Uttarakhand litchi enters the European market through coordinated value-chain support.
APEDA facilitated the first export consignment of fresh Uttarakhand litchi from Dehradun to Italy, marking entry into the European market and demonstrating the export potential of Uttarakhand's horticulture sector. The shipment reflects the growing international acceptance of India's premium fresh fruits and the expanding presence of Himalayan produce in high-value overseas markets. The initiative highlights coordinated value-chain support, quality production practices and export-oriented horticulture, while indicating better price realisation for growers.
June 19, 2026
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Strait of Hormuz reopening eases global energy security risks and restores free passage for commercial vessels.
The reopening of the Strait of Hormuz restores a critical global energy chokepoint after months of disruption that had restricted shipping, pushed up crude prices and raised concerns over energy security. The memorandum of understanding contemplates free passage of commercial vessels through the Strait for a limited period, with full normalisation expected after mines and other technical obstacles are cleared. It also contemplates talks with Oman and other regional actors on longer-term administration.
June 19, 2026
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Money laundering investigation leads to bank locker examination over alleged corporate transactions and proceeds of crime
Enforcement Directorate action in a money laundering investigation extended to examination of a bank locker belonging to Veena T, daughter of former Kerala Chief Minister Pinarayi Vijayan, in her presence at an HDFC Bank branch. The inquiry relates to alleged transactions involving her now-defunct IT firm, Exalogic, and its purported links with Cochin Minerals and Rutile Ltd, including payments said to have been made without corresponding services and loans allegedly extended through another company connected with CMRL management.
June 19, 2026
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India-UK trade agreement enters into force as leaders link commerce, mobility and broader bilateral cooperation.
The India-UK Comprehensive Economic and Trade Agreement is scheduled to enter into force on July 15, marking a significant development in bilateral economic relations. The agreement is described as extending beyond trade and technology to include mobility and wider people-to-people engagement, with an expected boost to annual bilateral trade and business expansion plans on both sides.
June 19, 2026
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Initial public offer structure for Jio Platforms set as a fresh issue with price discovery through book building.
A proposed initial public offer of Jio Platforms is to be made by way of a fresh issue of up to 27 crore equity shares of face value of Rs 10 each. The Draft Red Herring Prospectus has been approved and is to be filed with the Securities and Exchange Board of India, BSE and the National Stock Exchange. The issue price will be determined through the book building process in accordance with SEBI regulations, subject to the required regulatory approvals.
June 19, 2026
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Autonomous financial decision-making gains traction as auditable AI agents handle routine regulated workflows with compliance and control.
AI deployment in financial services is described as shifting from advisory support to autonomous decision-making through a platform that applies an institution's own guidelines, reaches end-to-end decisions, and escalates only matters requiring human judgment. The system is presented as producing decisions with full reasoning, policy cross-reference, and auditability, while remaining consistent, explainable, compliant, and defensible under audit in banking, insurance, and capital markets workflows.
June 19, 2026
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Tax relief and amnesty measures reshape Kerala's budget through arrear settlements, vehicle tax revisions and stamp duty concessions.
Kerala's revised Budget introduced tax relief measures, amnesty schemes and vehicle tax revisions, including settlement of Flood Cess arrears, waiver of specified small pre-GST arrears, revised sales tax rates for low-strength alcoholic beverages, reduced tax for AITP buses, changes in electric vehicle road tax slabs, an e-challan amnesty scheme, and a one-time settlement for undervaluation and deficit stamp duty cases.
June 19, 2026
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Construction and building materials expo drives exports, supply chains, and Make in India engagement across global markets.
Bharat Buildcon 2026 opened as a large industry exhibition for the building materials and construction sector, drawing more than 25,000 visitors on the first day along with participants from over 90 countries and more than 100 Indian cities. The exhibition was presented as a platform for strengthening supply chains, encouraging technology adoption, generating business opportunities, and promoting exports and foreign investment in the construction and building materials sector.
June 19, 2026
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Government e-marketplace access expands through last-mile seller facilitation, onboarding support, and catalogue listing through new partnership.
Government e-marketplace access is being expanded through a strategic partnership between GeM and CSC-SPV aimed at strengthening last-mile facilitation for sellers, especially in rural and underserved regions. The collaboration extends support through the full onboarding chain up to catalogue listing, with assistance for Vendor Assessment, Brand Approval, and creation and publication of product and service catalogues. A pilot rollout of 50 GeM Suvidha Kendras will provide guidance, training, onboarding support, capacity building, and grievance redressal for a range of enterprises.
June 19, 2026
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Rupee appreciation gains support from India-US trade optimism, foreign inflows and softer crude prices.
The rupee appreciated in early trade against the US dollar, supported by optimism over India-US trade negotiations, firm foreign inflows and softer crude oil prices. Market sentiment remained positive as traders tracked developments suggesting momentum in talks on a proposed trade pact and an improvement in external flows. The foreign exchange market also reflected expectations that the Reserve Bank of India may use incoming dollar inflows to rebuild foreign exchange reserves and gradually reduce its forward dollar book.
June 18, 2026
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Direct tax collections rise on stronger advance tax mop-up and higher corporate tax receipts across key segments.
Net direct tax collection increased by 14.64 per cent to over Rs 5.21 lakh crore up to June 17 of the fiscal year, driven primarily by higher advance tax mop-up from corporates. Net corporate tax collection rose 22 per cent, while net non-corporate tax collection increased 8 per cent. Securities Transaction Tax collection also recorded strong growth, and advance tax collection rose 15.30 per cent, with corporate and non-corporate advance tax both showing gains.
June 18, 2026
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Aquaculture feed price stabilisation drives a committee plan, with manufacturers agreeing to reduce prices and review sector concerns.
Aquaculture feed pricing was addressed as a sectoral price-stabilisation issue, with manufacturers agreeing to reduce prices by Rs 4 per kg after a directive from the Chief Minister. A committee of aqua farmers, feed manufacturers and officials was proposed to develop a long-term mechanism for price stabilisation and to examine processing-related issues and pollution control measures, with recommendations due within 20 days. The discussion also covered subsidy awareness, insurance coverage, nursery ponds, water supply and strict quality control in aquaculture production.

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Advocate Aashutosh Srivastava Conferred Honorary Doctorate in Law by Washington Digital University, USA

June 13, 2026

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New Delhi [India], June 13: Advocate Aashutosh Srivastava, a prominent Supreme Court lawyer and one of India’s leading legal professionals, has been honoured with an Honorary Doctorate in Law (Honoris Causa) by Washington Digital University, Seattle, United States of America. The prestigious recognition was conferred on 6 June 2026, marking a significant milestone in his illustrious legal career.
The certificate issued by the Board of Regents of Washington Digital University formally records that Advocate Aashutosh Srivastava has been awarded the honorary distinction of Doctorate in Law. This honour acknowledges his continued dedication to the practice of law, his contribution to legal service, professional responsibility, and public-oriented legal work.


His journey reflects discipline, commitment, and a strong belief in the role of law as an instrument for justice, protection of rights, and social order. This recognition is a proud moment not only for Advocate Srivastava personally but also for his colleagues, associates, clients, and well-wishers. It serves as an encouraging message to the public that sincere legal service, professional discipline, and commitment to justice continue to command respect and recognition.


The legal profession carries immense public responsibility. Every committed legal professional contributes to protecting rights, guiding citizens, assisting institutions, resolving disputes, and strengthening public confidence in the rule of law. Advocate Srivastava’s honorary recognition therefore stands as a motivating example for aspiring advocates, law students, and citizens who believe in justice-oriented service.


In an era where society increasingly looks to law for protection, fairness, and accountability, such achievements remind everyone that the legal profession remains an essential pillar of democracy.


A Journey of Perseverance and Excellence
Advocate Aashutosh Srivastava began his legal practice in 2006 after completing his B.S.L., LL.B. (First Class) from Pune University, Pune. He founded A A Associates, Advocates & Legal Advisors in Pune, which has since grown into a multi-location firm with offices across India and abroad (Mumbai, Delhi, Bangalore, Dubai, and New Jersey, USA). His brother, Savivek Pramod Srivastava, serves as the Managing Partner.


He regularly appears before the Supreme Court of India and various High Courts and is a Member of the Supreme Court Bar Association.


Notable Cases
Advocate Aashutosh Srivastava has successfully handled several high-profile and landmark cases including but not limited to:
• DSK Group Matter (Supreme Court and Bombay High Court): Successfully secured bail for D S Kulkarni and Smt. Hemanti Deepak Kulkarni in a major alleged financial scam case involving approximately ₹2,090 crores.


• WINSOME Group vs. Directorate of Enforcement (ED): Delivered favourable outcomes in enforcement proceedings.


• Landmark PIL in Bombay High Court: Argued a Public Interest Litigation against the Union of India, RBI, and a major bank. The petition was admitted as it affected millions of bank customers across India.


• GSEL vs. RBI (Supreme Court of India): Challenged an RBI circular and obtained a favourable landmark, reportable judgment.


• Bihar Boiler Blast Case: Successfully secured bail for the directors of the company in this high-profile matter widely covered by national media.


• Baba Siddique murder case Representing as a defense counsel for bail in an alleged Baba Siddique murder case
He is also recognised for his expertise in complex NDPS cases, anticipatory bail matters, CBI, ED, EOW, and SFIO investigations.


Prestigious Awards and Recognitions
The Honorary Doctorate in Law from Washington Digital University adds to his long list of distinguished honours:
• Mahatma Gandhi Samman for Legal Excellence in the House of Lords (British Parliament) in London in the year 2017.


• Economic Times Award for Excellence in Criminal Law
• Iconic Punekars Award by Pune Times Mirror
• Femina Achievers Award (2024 & 2026)
• Man of Excellence Award 2025
• Society Achievers Award (conferred by Hon’ble CM Shri Eknath Shinde and Hon’ble Dy. CM Shri Devendra Fadnavis)
• Times Power Icons Award
• Business Leader Award (2020) by The Economic Times
• Global Achievers Award (Dubai & Bangkok)
• International Achievers Award (Moscow)
• Legal Era Rising Stars Award (2017)
• Featured in Forbes India and multiple Femina cover features
Regular TV Panelist on National Electronic Media
Advocate Aashutosh Srivastava is a well-known and regular legal expert on national television. He frequently appears as a panelist and commentator on major channels including ABP Live, ET Now Swadesh, Zee Business, Ndtv, Aajtak, CNN News18, Times Now, India Tv and others. He provides clear and insightful analysis on constitutional matters, Supreme Court judgments, economic offences, scams, and current legal issues.


His clients include Multinational Corporations (MNCs), High Stakes Stock Brokers, Industrialists, Builders and Real Estate Barons, Film Producer, Diamond Merchants, Celebrities, Business men and HNI's.


Social Media, Website & Contact
• Official Website: https://www.advocateaashutoshsrivastava.com/
• X (Twitter): https://x.com/adv_aashutosh
• Facebook: https://www.facebook.com/advaashutoshs/
• Instagram: https://www.instagram.com/advocate_aashuutosh/
• YouTube: Search “Advocate Aashutosh Srivastava”
• LinkedIn: Advocate Aashutosh Srivastava
• Contact Number: +91-9822543129
Advocate Aashutosh Srivastava’s conferment of the Honorary Doctorate in Law is a milestone of dignity, inspiration, and encouragement. It reflects the importance of perseverance, public service, and professional integrity in the field of law. His achievements continue to inspire confidence in the legal system and motivate the next generation of lawyers to uphold the highest standards of justice and ethics.


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

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