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    India and Slovakia elevate ties to comprehensive partnership, sign 11 pacts
    Soybean meal exports fall 63 percent in May due to high prices, West Asia crisis
    India records USD 4.7 bn current account surplus in April: RBI data
    India, Slovakia upgrade ties to comprehensive partnership; ink 11 pacts
    The cumulative exports (merchandise & services) during April-May 2026-27 is estimated at US$ 162.69 Billion, as compared to US$ 141.89 Billion in Apri...
    IICA Hosts National Conference on “Redefining India’s Restructuring Ecosystem” to Mark a Decade of IBC and Celebrates Convocation of PGIP 6th Ba...
    BCBA to Host India Logistics Conclave 2026 at The Taj Mahal Palace, Mumbai
    Sasken Technologies-Backed Team Clinches First-Ever Gold for India at European Girls Olympiad in Informatics 2026
    India aims to reach 155 GW of installed wind energy capacity by 2035: Union minister
    Exports register 6-month high growth of 18 pc in May; trade deficit widens to USD 28.21 bn
    Horizon: Pioneering the Future of Elevated Residential Hospitality
    Finalising NFL's tender to import 17 lakh tn urea; stock comfortable for Kharif season: Govt
    US Trade Representative to hold trade pact talks with Goyal next week
    SC to hear tomorrow plea seeking strict use of Aadhaar only as identity proof
    Wholesale inflation hits record high of 9.68 pc in May as fuel costs spike
    Rupee rises 47 paise to settle at 94.71 against US dollar
    AU Small Finance Bank Strengthens Customer-First Approach to Its Credit Card Range
    Exports up 18 pc to USD 45.2 bn in May
    Delhi's role important in showing efficiency, accessibility of digital governance: LG
    Kerala: ED questions CMRL MD''s daughter in money laundering probe
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    June 15, 2026
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    Comprehensive Partnership between India and Slovakia expands trade, mobility, defence and counterterrorism cooperation.
    India and Slovakia elevated their bilateral relationship to a Comprehensive Partnership and agreed to deepen cooperation in migration, digital technology, defence, higher education, quantum communication, energy, and labour mobility. They also supported the early implementation of the India-European Union free trade agreement, welcomed a memorandum on labour migration, and agreed to work towards an early Social Security Agreement. The two sides further reaffirmed support for multilateral reform and strengthened counterterrorism cooperation.
    June 15, 2026
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    Soybean meal exports weakened as high prices and the West Asia crisis disrupted shipments to key markets.
    Soybean meal exports declined sharply in May because Indian prices remained higher than those in major exporting countries and the West Asia crisis disrupted shipments. The reduction was attributed to weakened export competitiveness and the halt in supplies to Iran and the UAE, with exports to Kuwait and Oman also severely affected.
    June 15, 2026
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    Current account surplus rises on stronger services exports and transfer receipts, even as capital account shows net outflow.
    India recorded a current account surplus in April, driven by higher services exports and increased net transfer receipts, even though the merchandise trade deficit remained elevated and imports exceeded exports. Preliminary balance of payments data showed a wider import bill, stronger export receipts, higher net services receipts, and a rise in net transfers compared with the corresponding month of the previous year. On the capital account, the month saw a net outflow, with foreign direct investment showing an increase and foreign portfolio investment recording a net outflow. The overall balance of payments consequently reflected a deficit for the month, while the preceding January-March quarter had shown a current account surplus measured as a share of GDP compared with the year-ago quarter.
    June 15, 2026
    Show AI Summary
    Comprehensive Partnership deepens India-Slovakia cooperation across trade, defence, labour migration and energy security.
    India and Slovakia elevated their bilateral ties to a Comprehensive Partnership and finalised agreements covering labour migration, defence, digital technologies, higher education and quantum communication. The talks also focused on energy security, strategic cooperation and support for the earliest implementation of the India-European Union free trade agreement. Both sides endorsed orderly, safe and legal mobility of skilled professionals and agreed to work towards an early Social Security Agreement to support welfare and social protection for mobile workers.
    June 15, 2026
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    India's external trade growth trends show higher exports, rising imports, and expanding services surplus in May 2026.
    India's external trade for May 2026 and April-May 2026-27 showed growth in merchandise and services exports, but imports also rose and trade deficits persisted. Total exports were estimated at US$ 81.96 billion in May 2026 and US$ 162.69 billion for April-May 2026-27, while imports were estimated at US$ 92.47 billion and US$ 182.83 billion respectively. Services exports, non-petroleum exports, and several commodity categories recorded positive growth, with petroleum products, engineering goods, chemicals, electronic goods, and gems and jewellery identified as major drivers of merchandise export growth.
    June 15, 2026
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    Insolvency and Bankruptcy Code reform advances focus on cross-border insolvency, creditor-led resolution, and technology-driven restructuring.
    A national conference on India's restructuring ecosystem marked a decade of the Insolvency and Bankruptcy Code and highlighted institutional capacity building through the convocation of insolvency professionals. The discussions stressed coordinated judicial, regulatory and institutional action for timely and value-maximising resolution, with cross-border insolvency, the UNCITRAL Model Law, the Creditor-Initiated Insolvency Resolution Process, pre-packaged insolvency, ADR, distressed asset markets, rescue financing and technology-driven reforms identified as key areas of future development.
    June 15, 2026
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    Logistics modernisation drives the India Logistics Conclave 2026, spotlighting digital customs, infrastructure, and trade facilitation.
    The Brihanmumbai Custom Brokers' Association will host the India Logistics Conclave 2026 in Mumbai on 17 June 2026 as its second flagship policy forum, bringing together government, ports, customs and industry leadership under the theme of logistics-led national development. The programme is positioned as a dialogue on India's trade-and-logistics ecosystem, including the Viksit Bharat 2047 roadmap, digital customs, geopolitical realignments, infrastructure delivery and the evolving role of licensed intermediaries. The conclave presents customs brokers and freight forwarders as front-line partners in trade facilitation and focuses on trade policy, infrastructure and logistics modernisation.
    June 15, 2026
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    Algorithmic excellence and STEM inclusion drive India's first-ever gold at the European Girls Olympiad in Informatics.
    Sasken Technologies announced support for the Indian team that won India's first-ever gold medal at the European Girls Olympiad in Informatics 2026. The release links the achievement to the Indian Computing Olympiad ecosystem and highlights long-term support for algorithmic excellence, foundational computing skills, deep-tech talent, and the participation of young women in STEM.
    June 15, 2026
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    Wind energy capacity expansion and supply chain transparency drive India's domestic manufacturing and export competitiveness.
    India's wind energy sector is being positioned for rapid capacity expansion, with the stated target of reaching 100 GW of installed wind capacity by 2030 and 155 GW by 2035. The sector has already crossed 56.1 GW of installed capacity and added a record 6.1 GW in FY 2025-26, while stakeholders have identified more than 100 GW as necessary for an affordable and sustainable energy transition. The industry is also described as supporting the broader Atmanirbhar Bharat objective through a resilient domestic supply chain and increasing manufacturing capability.
    June 15, 2026
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    Exports and imports data show higher trade deficit amid strong export growth and rising petroleum-driven imports.
    Exports rose to a six-month high in May, while imports also increased, causing the trade deficit to widen on a year-on-year basis even though it eased slightly from April. Export growth was driven by electronic goods, petroleum products, engineering items and pharmaceuticals. For April-May 2026-27, exports and imports both recorded double-digit growth, leaving a larger cumulative trade deficit. Gold and crude oil imports rose sharply during the period, while exports to West Asia remained close to the previous year's level despite regional disruption.
    June 15, 2026
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    Luxury residential hospitality redefined through a private rooftop restobar, resident-exclusive experiences, and integrated lifestyle ecosystems.
    Luxury residential development is being repositioned around experience-led amenities rather than apartment size alone, with Horizon introduced as a private rooftop restobar at the crown of Raheja Imperia-I in Worli. The concept is presented as a resident-exclusive social destination on the 60th floor, designed to enhance privacy, prestige and lifestyle value within a residential address. The project is also described as part of a broader portfolio strategy centred on integrated lifestyle ecosystems and collaboration with a hospitality operator.
    June 15, 2026
    Show AI Summary
    Fertiliser supply security remains comfortable as government finalises urea imports and reviews Kharif-season availability.
    The government said it is finalising imports of 17 lakh tonnes of urea to strengthen domestic supply while maintaining that fertiliser availability for the ongoing Kharif season remains comfortable. The Department of Fertilizers said stocks are above the usual level, domestic production and imports have supplemented supply after the West Asia crisis, and more than 50 lakh tonnes of urea and P&K fertilisers have been secured from multiple countries. The department also said subsidy bills are being paid weekly and adequate budget support is available.
    June 15, 2026
    Show AI Summary
    India-US trade talks advance as both sides seek to finalise an interim framework amid shifting tariff conditions.
    Interim India-US trade agreement discussions are scheduled to continue, with talks centred on finalising the framework deal and advancing the broader bilateral trade agreement. The framework covers trade in goods, non-tariff measures, customs and trade facilitation, economic security alignment and related areas of mutual interest. The article also notes that changes in the US tariff landscape may require recalibration of the agreement, while Section 301 investigations and a proposed tariff measure linked to forced labour remain under consideration.
    June 15, 2026
    Show AI Summary
    Aadhaar identity proof dispute seeks limits on its use for citizenship, address and voter registration verification.
    A public interest plea seeks directions to ensure that Aadhaar is used strictly as proof of identity and not as proof of citizenship, domicile, residential address or date of birth. The petition invokes the Aadhaar Act, the Representation of the People Act and Article 14 to challenge Aadhaar-based verification in new voter registration forms, and alleges that the existing electoral verification mechanism is inadequate. It also seeks a comprehensive overhaul of the framework and a monitoring committee to oversee reforms.
    June 15, 2026
    Show AI Summary
    Wholesale price inflation and producer price indices show energy shocks, a revised index base, and a shift toward PPI tracking.
    Wholesale price inflation rose to a record high in May, driven mainly by sharp increases in fuel and power costs and other energy-linked inputs. The government revised the wholesale price index base year to 2022-23, expanded the WPI basket, and released producer price indices for the first time, including services PPI for selected service sectors. The stated objective is to track output and input price movements and gradually replace WPI data with PPI in line with global practice.
    June 15, 2026
    Show AI Summary
    Rupee appreciation gains support from softer crude, weaker dollar and improved risk sentiment after the US-Iran deal.
    Rupee appreciation in the foreign exchange market was driven by improved global risk sentiment after a US-Iran deal eased geopolitical tensions and pushed down crude oil prices. A weaker US dollar, lower treasury yields and a sharp rise in domestic equity markets also supported the local currency, with traders noting that softer energy prices may ease inflation pressure and improve external balance conditions.
    June 15, 2026
    Show AI Summary
    Credit card disclosure and payment flexibility shape AU Small Finance Bank's customer-first card range.
    AU Small Finance Bank's credit card range is structured around customer-first features, variant-specific rewards and spending patterns, with clear disclosure of interest rates, finance charges and fees. The cards offer multiple bill payment channels, including mobile banking, net banking, BBPS, UPI, NEFT, IMPS, auto-pay and assisted digital channels. Card benefits, eligibility, issuance, charges and terms remain subject to the cardholder agreement, internal policy and periodic review.
    June 15, 2026
    Show AI Summary
    Merchandise exports rise as imports climb further, widening the trade deficit in May.
    Merchandise exports increased in May, while imports also rose, resulting in a larger trade deficit. Commerce ministry data showed exports at USD 45.2 billion and imports at USD 73.41 billion for the month. For April-May 2026-27, merchandise exports rose to USD 88.91 billion, reflecting growth over the corresponding period of the previous year.
    June 15, 2026
    Show AI Summary
    Digital governance and Aadhaar access are highlighted as key tools for making public services more efficient and inclusive.
    Digital governance in Delhi should demonstrate efficiency, inclusivity and accessibility, with institutions adapting to rising expectations for transparency and service delivery. An Aadhaar Seva Kendra was inaugurated to improve access to Aadhaar enrolment, biometric updates and related services. The availability of operational Aadhaar centres is part of the broader effort to make governance more accessible and transparent for residents.
    June 15, 2026
    Show AI Summary
    Money laundering probe over alleged suspicious payments and loans linked to CMRL and associated entities.
    Enforcement Directorate questioning was undertaken in connection with a money laundering probe involving Cochin Minerals and Rutile Limited, its associated entities, and persons linked to the Kartha family and Veena Vijayan. The probe concerns allegations that CMRL made payments to Exalogic Solutions Private Limited without receiving services in return and that related lending transactions were extended despite alleged repayment defaults. The agency has alleged that these dealings generated proceeds of crime and registered the case under the Prevention of Money Laundering Act.

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      Customs & Trade

      US Trade Representative to hold trade pact talks with Goyal next week

      June 15, 2026

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      New Delhi, June 15 (PTI) US Trade Representative Jamieson Greer is scheduled to visit India next week for a two-day meeting with Commerce and Industry Minister Piyush Goyal on June 23-24 to discuss issues pertaining to the interim trade agreement, a top government official said on Monday.

      Commerce Secretary Rajesh Agrawal said: "Our expectation is that discussions will be centred around giving final touches to the framework deal, which has been discussed during the visit of their (US) delegation,...and also on the larger BTA (bilateral trade agreement), that has also been under discussions between the two sides." The USTR is expected to land here on June 22.

      Earlier, on June 2-4, the US team, headed by its chief negotiator Brendan Lynch, held discussions with Indian officials on finalisation of the deal.

      On June 5, Goyal said that India and the US are moving towards closing all the open ends of the interim trade agreement, and both sides are likely to execute the "very, very vibrant" first phase of the BTA by the middle of next month.

      At the chief negotiators' level, the two sides held discussions across a wide range of issues, covering trade in goods, non-tariff measures, customs and trade facilitation, economic security alignment and other areas of mutual interest.

      On February 7, India and the US issued a joint statement finalising the contours or framework of the first phase of the BTA or an interim trade deal.

      According to that framework, the US had agreed to reduce tariffs on India to 18 per cent from 50 per cent. It had removed the 25 per cent tariffs on Indian goods for buying Russian oil and was to cut the remaining 25 per cent to 18 per cent under the pact.

      But, on February 20, the US Supreme Court ruled against President Donald Trump's sweeping reciprocal tariffs, which were imposed under the 1977 International Emergency Economic Powers Act (IEEPA).

      After that, the US President announced the imposition of 10 per cent tariffs on all countries for 150 days, starting February 24. It will end on July 24. Both sides are expected to finalise the interim deal before that.

      As the tariff landscape has changed in the US, both sides may wish to revisit the agreement's framework.

      The February joint statement on the framework has a clause that in the event of any changes to the agreed upon tariffs of either country, the US and India agree that the other country may modify its commitments.

      Under the agreed framework, India proposed to eliminate or reduce tariffs on all US industrial goods and a wide range of food and agricultural products, including dried distillers' grains (DDGs), red sorghum for animal feed, tree nuts, fresh and processed fruit, soybean oil, wine and spirits, and additional products.

      New Delhi has also expressed its intentions to purchase USD 500 billion of US energy products, aircraft and aircraft parts, precious metals, technology products, and coking coal over the next five years.

      When the framework was agreed, India had a comparative advantage over its competitor countries, such as Sri Lanka, Pakistan and Bangladesh.

      Now, with all US trading partners facing a uniform 10 per cent tariff, the pact requires recalibration.

      It is important that India gets an advantage over its competitor nations on the tariff front in the trade pact.

      As the US Supreme Court has ruled against Trump's sweeping tariffs, the US administration now has the option of using the Section 301 investigation mechanism to impose new tariffs.

      Sources have earlier stated that the US could use this mechanism as a pressure tactic to bring its trading partners on the table to negotiate trade deals.

      In March, the US Trade Representative (USTR) launched two unilateral Section 301 investigations against a number of countries, including India, over excess capacity and failures to eradicate forced labour in global supply chains.

      On June 2, the USTR proposed imposing 12.5 per cent tariffs on 54 countries, including India, for allegedly failing to prohibit the import of goods produced with forced labour.

      The proposed duty follows investigations launched in March against 60 countries under Section 301 of the Trade Act of 1974 over concerns related to forced labour.

      The measure remains a proposal and has not yet been finalised, the USTR said, adding that interested parties can submit requests to appear at hearings and summaries of testimony by June 22. The USTR is scheduled to hold hearings on July 7.

      The US was the second-largest trading partner of India in 2025-26.

      India's outbound shipments to the US grew marginally by 0.92 per cent to USD 87.3 billion during the last fiscal year, while imports increased 15.95 per cent to USD 52.9 billion. The trade surplus declined to USD 34.4 billion in 2025-26 from USD 40.89 billion in 2024-25. PTI RR HVA

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