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June 25, 2026
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Money laundering probe under PMLA focuses on alleged payments, loans and proceeds of crime linked to Exalogic and CMRL.
Enforcement Directorate continued its investigation under the Prevention of Money Laundering Act into alleged transactions between Exalogic Solutions Pvt Ltd and Cochin Minerals and Rutile Ltd, questioning Veena T again and examining her bank lockers. The probe concerns allegations that payments and loans were routed without corresponding services, with the ED alleging that the arrangements generated proceeds of crime and relying on a prosecution complaint filed by the Serious Fraud Investigation Office.
June 25, 2026
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Model Risk Management guidance broadens regulatory expectations for AI, machine learning and third-party model governance.
Reserve Bank of India has released draft Guidance on Regulatory Principles for Model Risk Management for public comments. The guidance applies to a wide range of regulated entities and covers all models used by them, including third-party models and models employing artificial intelligence or machine learning. It sets out broad regulatory expectations across the model lifecycle to strengthen governance, oversight, risk management and controls against financial, operational, compliance and reputational risks.
June 25, 2026
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Agri-food export acceleration gains momentum as BHARATI links startups with market access, compliance, and global buyers.
APEDA concluded the first cohort of its BHARATI export enablement and acceleration programme for agri-food startups. The initiative supports innovation, entrepreneurship, value addition, technology adoption and global market readiness, with training in export preparedness, market access, regulatory compliance, packaging, branding and investor readiness, together with mentorship and stakeholder engagement. It also facilitated international market exposure and early export outcomes across multiple foreign markets.
June 25, 2026
Show AI Summary
Index of Services Production expands monthly measurement of formal services output through trial indices, GST data, and GVA-based weighting.
Index of Services Production (ISP) is proposed as a monthly short-term indicator of real output in the formal services sector, using a base year of 2024-25 and trial releases before regular dissemination. The series will cover major services sub-sectors, exclude government and informal activities, and rely on administrative data, GST outward supplies and ASISSE estimates, with GVA-based weights and a fixed-weight Laspeyres volume index.
June 24, 2026
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Customer liability in digital transactions: revised RBI norms mandate shadow reversal, zero liability rules, and prompt fraud protection measures.
Revised customer liability framework for digital banking transactions requires banks to strengthen systems for safe electronic banking, send instant SMS alerts for specified transactions, and record delivery and customer responses. On complaints of fraudulent transactions, banks must prevent further unauthorised activity, provide value-dated reversal where required, and apply zero liability rules for bank negligence or timely reported third-party breaches. A separate shadow reversal mechanism applies to fraudulent credit card transactions, and compensation is ed for small-value fraudulent transactions within stated limits.
June 24, 2026
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Trade liberalisation and social security coordination advance as India and the United Kingdom prepare for new economic agreements.
Official visit to the United Kingdom to advance preparations for the India-UK CETA and Double Contribution Convention, including a bilateral meeting to align regulatory roadmaps, streamline cross-border customs coordination and finalise administrative mechanisms. The discussions cover tariff liberalisation, market access for Indian exports, operationalisation of the Double Contribution Convention for eligible temporary workers, and mutual market access commitments in key services sectors, alongside Government-to-Business engagements to strengthen trade, investment and industrial collaboration.
June 24, 2026
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Foreign exchange compliance concerns emerge as missing transaction records, suspicious trades, and stock mismatches are alleged against the company.
The Enforcement Directorate alleged suspected contravention of foreign exchange law after searches against the company and related persons, stating that foreign transaction records were not produced and that verification of imports, exports, overseas investments, and trade settlements was therefore difficult. It also alleged unusual business indicators, suspicious block trades, possible undisclosed offshore links, fund routing through NRI benamidars, suspicious trade netting with foreign parties, and a substantial mismatch between recorded stock and goods found during physical verification.
June 24, 2026
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Bilateral trade agreement talks advance as India and the United States weigh market access, tariffs and digital trade terms.
India and the United States reviewed progress on an interim bilateral trade agreement, discussing market access, digital trade, supply chain resilience, non-tariff barriers and strategic-sector cooperation. The talks focused on pathways to conclude an interim arrangement before an approaching tariff deadline, with both sides describing the discussions as substantial but without confirming that outstanding issues had been resolved. The broader framework also contemplates reciprocal tariff adjustments if agreed tariffs change.
June 24, 2026
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Fixed deposit rate revision by Bandhan Bank offers higher returns for senior citizens and other depositors on select tenures.
Bandhan Bank revised interest rates on select fixed deposits by up to 20 basis points, offering higher returns for senior citizens and other customers on specified tenures. The bank also continues to offer an interest rate on savings account balances above Rs 5 lakh and up to Rs 10 lakh. The revision comes amid broader changes in deposit offerings while the Reserve Bank of India kept the repo rate unchanged and maintained a neutral policy stance.
June 24, 2026
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India-U.S. Bilateral Trade Agreement talks advance with focus on market access, digital trade, supply chains, and interim deal pathways.
India-U.S. Bilateral Trade Agreement negotiations advanced through consultations on enhanced market access, digital trade, supply chain resilience, reduction of non-tariff barriers, and expanded cooperation in strategic sectors. The discussions also focused on an interim agreement as a milestone toward a comprehensive Bilateral Trade Agreement, with both sides reaffirming support for a commercially meaningful framework that benefits businesses, farmers, workers, and consumers and strengthens bilateral trade and trusted supply chains.
June 24, 2026
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Bilateral Trade Agreement talks advance as India and the United States review market access, digital trade, and supply chain resilience.
India and the United States reviewed progress in negotiations for an interim bilateral trade agreement and examined core elements of the proposed Bilateral Trade Agreement, including enhanced market access, digital trade, supply chain resilience, reduction of non-tariff barriers, and expanded cooperation in strategic sectors. The discussions were directed toward concluding an interim arrangement as a milestone toward a comprehensive pact, with both sides describing substantial progress and reaffirming a commitment to a balanced, commercially meaningful agreement.
June 24, 2026
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Monetary policy caution as RBI keeps neutral stance and says a rate hike is premature amid inflation risks.
Reserve Bank of India policy remains in wait-and-watch mode, with the Governor saying it is premature to talk of a rate hike and that the monetary stance will stay data dependent. The central bank is monitoring West Asia developments, crude oil movements, fuel-led inflation pressures and the monsoon, while assessing possible second-round effects on the broader economy. The RBI has kept the policy repo rate unchanged at 5.25 per cent and retained a neutral stance amid risks to growth and inflation.
June 24, 2026
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Corporate law reform seeks to decriminalise minor procedural defaults, rationalise penalties, and streamline compliance for companies and LLPs.
The Corporate Laws (Amendment) Bill, 2026 proposes amendments to the Limited Liability Partnership Act, 2008 and the Companies Act to support ease of doing business, modernise corporate governance, and improve the compliance framework for companies and LLPs. The proposed changes are directed at decriminalising minor procedural defaults, rationalising penalties, and shifting several minor lapses from criminal liability to monetary penalties, while streamlining regulatory processes and reducing litigation.
June 24, 2026
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Bilateral trade agreement talks focus on market access, digital trade, and easing non-tariff barriers.
India and the US reviewed the core elements of the proposed bilateral trade agreement, including enhanced market access, digital trade, supply chain resilience, reduction of non-tariff barriers, and expanded cooperation in strategic sectors. The discussions also addressed pathways to conclude an interim agreement as an important step toward a comprehensive BTA. Both sides reaffirmed their commitment to an agreement that is balanced, commercially meaningful, and beneficial to businesses, farmers, workers, and consumers in both countries.
June 24, 2026
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NBFC consumer financing for camera purchases through EMI plans, partner stores, and pre-approved eligibility checks.
Bajaj Finance Limited is described as an RBI-registered deposit-taking NBFC-Investment and Credit Company engaged in lending, acceptance of deposits, and financial services for retail, SME, and commercial customers. The note also refers to a consumer finance arrangement for Nikon camera purchases through partner stores and Bajaj Mall, with pre-approved eligibility checks, Easy EMI Loan or Insta EMI Card options, repayment tenures from 3 to 60 months, and zero down payment on select models.
June 24, 2026
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Bilateral trade agreement talks advance as India and the United States review progress and seek to deepen economic partnership.
India and the United States concluded ministerial-level talks on the proposed first phase of the bilateral trade agreement, reviewing progress in ongoing trade negotiations and exploring avenues to deepen economic partnership. The talks were conducted within a time-sensitive schedule, with both sides seeking to finalise the first phase before the expiry of temporary tariffs imposed by the United States.
June 24, 2026
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Districts as Export Hubs initiative identifies turmeric and garlic as key export products, highlighting value addition and export promotion.
Turmeric and garlic were identified as the district's key export products under the Districts as Export Hubs initiative after review of export potential, agro-climatic suitability and market prospects. The District Export Promotion Committee considered the District Export Action Plan under the Foreign Trade Policy 2023 and noted that processing, packaging, branding and marketing could support value addition, improve farmers' income and expand export opportunities for local producers.
June 24, 2026
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Gold loan valuation and eligibility rules shape secured borrowing against pledged jewellery, coins, and ornaments.
Gold loans are secured loans against pledged gold jewellery, ornaments or coins, with the loan amount determined by the gold's weight, purity, prevailing rate and the lender's loan-to-value ratio. Eligibility is described as simple, with Indian citizens aged 21 to 80 able to apply, while gold of 18 to 22 karat purity, and gold coins up to 24 karat purity, is accepted. Valuation excludes decorative elements and uses the lower of the previous day's closing price and the 30-day average closing price from the relevant market source.
June 24, 2026
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Digital governance and trader welfare drive stakeholder participation, trade facilitation, export promotion and compliance simplification discussions.
The National Traders' Welfare Board held its 10th meeting in hybrid mode to strengthen stakeholder participation, digital governance and trader welfare measures. The Board reviewed trade facilitation initiatives, including the Rajasthan Trade Promotion Policy and DigiDukaan, and discussed issues such as GST rationalisation, compliance simplification, export promotion, logistics, digital commerce, access to credit, social security, licensing, dispute resolution and Centre-State coordination.
June 24, 2026
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Bilateral trade negotiations near an interim pact as tariff changes reshape market access, tariff concessions, and trade commitments.
Bilateral trade negotiations between India and the United States were reported to be nearing an interim trade pact aimed at reciprocal and mutually beneficial market access, with both sides seeking to conclude the first phase of the Bilateral Trade Agreement. The framework was affected by the temporary 10 per cent tariff imposed under Section 122 of the Trade Act and by a court ruling that altered the earlier tariff landscape, prompting both sides to revisit tariff reductions, market-access concessions, and related commitments. The article also noted wider trade engagement, including Section 301 investigations, energy cooperation, and proposed Indian purchases of United States goods.

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Customs & Trade

India aims to reach 155 GW of installed wind energy capacity by 2035: Union minister

June 15, 2026

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Panaji, Jun 15 (PTI) India is aiming to achieve an installed capacity of 100 GW (gigawatt) of wind energy by 2030 from more than 56.1 GW now and scale it up to 155 GW by 2035, Union Minister of New and Renewable Energy Pralhad Joshi said on Monday.

The wind industry has played an important role in advancing the vision of an "Atmanirbhar Bharat" (self-reliant India) by creating a resilient and world-class supply chain ecosystem, he maintained.

The Union minister was speaking after launching India's first wind turbine supply chain management portal, WT-MARUT.

The portal was launched during a 'Global Wind Day' conference organised by the Ministry of New and Renewable Energy (MNRE) in Goa with support from industry bodies, including the Indian Wind Turbine Manufacturers Association (IWTMA), Wind Independent Power Producers Association (WIPPA) and Indian Wind Power Association (IWPA).

According to an official statement, WT-MARUT is India's first dedicated digital platform for wind supply chain management and is aimed at strengthening domestic manufacturing, enhancing supply chain transparency and boosting exports.

The portal will provide visibility into component sourcing, support domestic sourcing requirements under the Approved List of Models and Manufacturers (ALMM) framework, enable supplier discovery and qualification, strengthen collaboration across the supply chain and improve export readiness, the statement said.

Addressing the gathering, Joshi said, "We are confident the wind energy sector will achieve 100 GW of wind installations by 2030 and 155 GW by 2035. As India enters its next phase of growth, unlocking global opportunities will be critical, and initiatives like WT-MARUT will strengthen supply chain visibility, boost domestic manufacturing and enhance India's competitiveness in global markets." The launch comes at a time when India's wind energy sector is witnessing robust growth. The country added a record 6.1 GW of new wind power capacity during FY 2025-26, registering a 46 per cent year-on-year increase and the highest annual installation so far.

India currently has more than 56.1 GW of installed wind energy capacity, making it the world's fourth-largest wind energy market. However, less than 5 per cent of the country's estimated wind energy potential of 1,164 GW has been tapped so far.

Industry stakeholders, including the Central Electricity Authority (CEA), The Energy and Resources Institute (TERI) and the National Institute of Wind Energy (NiWE), have projected that India would require over 100 GW of wind energy capacity by 2030 to ensure an affordable and sustainable energy transition.

Speaking at the event, IWTMA chairman Girish Tanti said wind energy remains among the most cost-competitive and grid-friendly renewable power technologies and will play a crucial role in helping India achieve its target of 500 GW of non-fossil fuel-based energy capacity by 2030 and net-zero emissions by 2070.

He informed India currently has around 24 GW of annual wind manufacturing capacity and strong capabilities across key components such as nacelles, gearboxes, blades and towers, positioning the country to scale annual wind installations to 15 GW by 2030 and capture 20 per cent of the global wind supply chain opportunity by 2040.

As per a joint report by IWTMA and consultancy firm PwC, exports of wind turbines and related components crossed Rs 12,000 crore in FY 2025-26, nearly 50 per cent higher than the previous fiscal.

The report estimates that India's share in global wind turbine exports could rise to 10 per cent by 2030 and further to 20 per cent by 2040. PTI RPS RSY

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