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June 5, 2026
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Regulatory oversight and crony capitalism dominate Congress criticism over alleged Rajesh Exports misrepresentation and delayed enforcement.
Congress questioned the role of probe agencies and the government's regulatory oversight in relation to allegations surrounding Rajesh Exports, relying on SEBI's interim order and saying the case reflects a wider problem of crony capitalism and weak enforcement. SEBI's interim findings were described as indicating large-scale misrepresentation of financial statements, routing and layering of funds through personal accounts and related entities, and inadequate disclosures or supporting documentation.
June 5, 2026
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GDP growth and macroeconomic stability drive India's expansion amid oil price pressure and supply-chain disruptions.
India's economy recorded 7.8 per cent GDP growth in the January-March quarter, with full-year growth rising to 7.7 per cent, supported by strong domestic demand, government expenditure, healthy consumption and robust investment activity. Gross value added also increased, indicating that expansion was backed by production momentum as well as demand. The growth performance was driven mainly by secondary and tertiary sectors, while private final consumption expenditure and gross fixed capital formation showed strong expansion.
June 5, 2026
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Inflation target remains unchanged as RBI ties future policy action to persistent price pressures and data dependence.
The Reserve Bank of India reiterated that its 4 per cent medium-term inflation target remains unchanged and has not been placed in abeyance, while monetary policy action will depend on whether price pressures become broad-based and persistent. The central bank kept the repo rate unchanged and maintained a neutral stance, saying temporary shocks may be looked through, but entrenched inflationary pressures affecting expectations would require policy response.
June 5, 2026
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Bilateral trade agreement negotiations advance as India and the United States revisit tariffs, market access and trade-facilitation terms.
India and the United States are advancing the first phase of a bilateral trade agreement, with negotiations focused on trade in goods, non-tariff measures, customs and trade facilitation, economic security alignment and related areas of mutual interest. The interim framework contemplates preferential market access and tariff adjustments, while both sides continue work on the broader bilateral trade agreement. The article also notes the changing US tariff environment and pending Section 301 investigations linked to forced-labour concerns.
June 5, 2026
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Insolvency law amendments streamline default records, disclosure, liquidation claims and personal guarantor asset reporting.
The Insolvency and Bankruptcy Board of India has amended multiple regulations to align them with the Insolvency and Bankruptcy Code (Amendment) Act, 2026. The information utilities framework now uses the broader term financial institution, provides for issuance of a record of default on debtor confirmation or non-response after reminders, and introduces a standardised Information of Dispute output where default is disputed. Other amendments revise disclosure for pre-packaged insolvency applications, claims handling and termination in voluntary liquidation, asset disclosure and coordination requirements in personal guarantor processes, and align grievance, inspection, and disciplinary provisions with the amended Code.
June 5, 2026
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Trade and investment cooperation deepens as India and Philippines discuss customs facilitation, market access, and preferential trade arrangements.
Strengthening bilateral trade and investment cooperation between India and the Philippines was discussed through review of trade and investment trends, priority products and services, and expanded cooperation in sectors including infrastructure, ICT, AI, and pharmaceuticals. The discussions also focused on customs cooperation, trade facilitation, agricultural market access, and settlement of trade in national currencies. The meeting considered the early conclusion of the ASEAN-India Trade in Goods Agreement review and engagement on a bilateral Preferential Trade Agreement.
June 5, 2026
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Blue economy and seafood exports drive India's aquaculture growth through sustainability, innovation, and infrastructure development.
India's seafood sector offers substantial expansion potential, with the country holding only a small share of the global seafood market. The discussion highlights the role of blue economy development in supporting coastal economic growth while preserving marine ecosystems, and identifies Andhra Pradesh as a major contributor through its fish production, shrimp production, and seafood export earnings. The stated growth strategy centres on improving quality, sustainability, traceability, innovation, and zero pollution in seafood production and exports.
June 5, 2026
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Domestic manufacturing expansion drives localisation and import reduction at a new PPE facility in Gujarat.
PPE manufacturer Mallcom India Ltd has invested over Rs 100 crore in a new manufacturing facility at Sanand in Gujarat to expand domestic production capacity, strengthen localisation and reduce dependence on imports. The Sanand plant is the company's 17th manufacturing unit and produces items such as NBR and PU gloves, safety helmets and bump caps. It also supports local production of Protech PU gloves and a domestic tariff area unit at the site.
June 5, 2026
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Foreign exchange reserves rise as foreign currency assets gain, while gold reserves decline and SDRs stay unchanged.
India's foreign exchange reserves increased by USD 938 million to USD 682.321 billion in the reporting week, driven mainly by a rise in foreign currency assets to USD 546.148 billion. Gold reserves declined to USD 112.6 billion, while Special Drawing Rights remained unchanged at USD 18.747 billion. India's reserve position with the IMF rose marginally to USD 4.826 billion.
June 5, 2026
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RBI policy stance unchanged as rupee-support measures and weaker growth outlook drive profit-taking in equities
The Reserve Bank of India kept the policy repo rate unchanged at 5.25 per cent and retained a neutral stance while lowering its growth projection and signalling higher inflation pressures. It also announced measures to attract foreign capital and support the rupee, including tax relief for eligible foreign investors in government securities, concessional foreign-currency deposit terms for non-resident Indians, and subsidised hedging costs for specified overseas borrowing and FCNR(B) inflows.
June 5, 2026
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Foreign capital inflow measures and forex liquidity support lift the rupee as policy rates remain unchanged.
The rupee appreciated after the Reserve Bank announced measures to support foreign capital inflows and strengthen forex liquidity, while stating that foreign exchange reserves provide a sufficient buffer against external shocks. The policy stance remained unchanged, with the Monetary Policy Committee retaining the repo rate at 5.25 per cent with a neutral stance despite revised inflation and growth projections. The measures included expansion of the Fully Accessible Route, removal of FPI concentration limits, extension of FCNR(B) hedging support, a PSU ECB swap window, and restoration of the export realisation period to nine months.
June 5, 2026
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Marine product exports face a quality-led growth push through wider market access and trade support measures.
Marine product exports should be expanded through higher production, stronger quality standards and wider market reach, with the sector positioned for substantial growth over the next five years. The plan emphasizes reassessing current performance, reducing dependence on a small group of destinations and identifying new opportunities in the global seafood trade. Support is linked to the PM Matsya Sampada Yojana and recent free trade agreements covering multiple countries.
June 5, 2026
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Seafood export growth strategy focuses on quality, value-added products, trade access, and stronger export infrastructure.
Seafood export policy is being pushed toward a higher-value, export-led model, with emphasis on raising production, improving quality, and expanding value-added processing. The stated objective is to expand seafood exports substantially over the next five years, while exporters are urged to reduce dependence on raw shrimp shipments and build branded value-added goods. Free trade agreements are expected to improve market access, alongside infrastructure support for inland states and export logistics reforms.
June 5, 2026
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Inflation concerns and higher rate expectations weigh on gold prices as the reserve bank raises its inflation outlook.
Gold prices weakened as elevated oil rates, geopolitical tensions in West Asia, and expectations of higher global interest rates ressed investor sentiment. Market participants also tracked the US dollar and upcoming US labour data for direction on bullion prices amid inflation concerns. The Reserve Bank of India raised its retail inflation projection for 2026-27, citing higher global energy prices feeding into domestic fuel costs, and lowered its FY27 growth expectation.
June 5, 2026
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Unsecured personal loans with flexible repayment, digital application, and eligibility-based pricing for varied financial needs.
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June 5, 2026
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Money laundering investigation power survives without a predicate FIR, as tax settlement immunity does not bar PMLA proceedings.
The Kerala High Court upheld the Enforcement Directorate's power to continue a money laundering investigation under the Prevention of Money Laundering Act despite the absence of a registered FIR or complaint for the scheduled offence at the stage of civil inquiry powers. It refused to quash the ECIR and summons, holding that such action is aimed at ascertaining the existence of proceeds of crime. The Court further held that immunity under the Income Tax settlement framework does not extend to PMLA proceedings or other central laws.
June 5, 2026
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Foreign capital access expands as investment limits ease, government securities widen and hedging support is extended for overseas borrowing.
Foreign capital inflows are being encouraged through wider access to government securities and equity instruments, along with the removal of several investment restrictions for overseas investors. The basket of specified government securities under the Fully Accessible Route is being expanded to include all new issuances of 15-year, 30-year and 40-year tenor G-secs, while short-term investment, concentration and individual security limits for Foreign Portfolio Investors under the General Route are being removed. Investment limits for Non-Resident Indians and Overseas Citizens of India in listed equity instruments are also being raised, and the facility is extended to all individual Persons Resident Outside India.
June 5, 2026
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Capital inflows and inflation outlook shape RBI policy, with rates unchanged and outflow restrictions ruled out.
The Reserve Bank of India said India's economic situation remains strong and that recent policy measures are expected to support higher capital inflows and a healthy balance of payments. No target has been set for inflows, and no measure is under consideration to restrict capital outflows. The 4 per cent inflation target remains operative, while the central bank said it would raise rates only if inflation becomes persistent and generalised.
June 5, 2026
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Foreign investment liberalisation expands equity access, revises G-Sec investment rules, and exempts certain G-Sec income from tax.
Foreign investment in Indian capital markets is being liberalised through measures intended to deepen the G-Sec market, expand access for individual Persons Resident Outside India and Foreign Portfolio Investors, and reduce operational and compliance frictions. Individual PROIs will be permitted to invest in equity instruments of listed Indian companies through the Portfolio Investment Scheme, with the individual investment cap raised from 5% to 10% in any company and the aggregate cap for all individual PROIs raised from 10% to 24%. The Foreign Exchange Management (Non-Debt Instruments) (Third Amendment) Rules, 2026 are being notified to implement this framework.
June 5, 2026
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Rupee support measures: RBI holds repo rate steady and offers tax, swap, and hedging incentives for foreign inflows.
The Reserve Bank of India kept the policy repo rate unchanged at 5.25 per cent and maintained a neutral stance while announcing measures to attract foreign capital and support the rupee. The package removed tax on interest income and capital gains for eligible foreign investors in government securities, broadened access to sovereign bonds under the foreign investment route, and provided concessional foreign-currency swap and hedging support for specified overseas borrowing and non-resident deposit arrangements.

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BCBA to Host India Logistics Conclave 2026 at The Taj Mahal Palace, Mumbai

June 15, 2026

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On 17 June 2026, government, ports, customs and industry leadership will convene under the theme “One Fraternity, One Vision — Logistics Driving India Towards Viksit Bharat”
The Brihanmumbai Custom Brokers' Association (BCBA) — the apex body of the customs-broking fraternity in Mumbai — will host the second edition of its flagship policy forum, the India Logistics Conclave 2026, on 17 June 2026 at The Taj Mahal Palace, Mumbai. Building on the success of the inaugural 2024 edition, which drew more than 550 stakeholders from across government, trade and industry, this year's Conclave will convene senior policymakers, port and customs leadership, trade economists and industry principals under the theme “One Fraternity, One Vision — Logistics Driving India Towards Viksit Bharat.”
The single-day gathering is designed as a coherent dialogue on the forces reshaping India's trade-and-logistics ecosystem — from the long-horizon roadmap for Viksit Bharat 2047 to the immediate realities of digital customs, shifting geopolitics, infrastructure delivery, and the evolving role of the licensed intermediary. The programme reflects the BCBA's conviction that the customs broker and freight forwarder are no longer back-office facilitators but front-line growth partners in the nation's trade story.


Inaugural Session. The Conclave will open with an inaugural session bringing together the senior leadership of Indian Customs and the country's ports ecosystem. The dais is expected to feature Shri Yogendra Garg, Member (Customs), CBIC; Shri Gaurav Dayal, IAS, Chairman, JNPA; Dr M Angamuthu, IAS, Chairman, Mumbai Port Authority; Shri Shyam Jagannathan, IAS, Director General of Shipping; Capt. Deepak Tiwari, Managing Director, MSC India and Chairman, CSLA; Capt. BVJK Sharma, CEO, Navi Mumbai International Airport; and Shri Niraj Ambani, Group President — Supply Chain, Reliance Industries, among other dignitaries. Shri Vivek Chaturvedi, Chairman, CBIC, is expected to address the gathering online. The session will also felicitate industry veterans for their distinguished contribution to the EXIM community.


Speaking ahead of the Conclave, Mr Sanjeev Harale, President, BCBA, said: “In a landscape marked by geopolitical shifts and supply-chain realignment, India has emerged as a balanced and credible voice. With logistics costs falling and policy maturing, the sector now sits at the heart of national development. The need of the hour is not merely to respond to change, but to shape it — and that is precisely what this Conclave seeks to do.”
Mr Dushyant Mulani, Immediate Past President, BCBA, under whose stewardship the inaugural edition of the India Logistics Conclave was held in 2024, added: “What began as an idea in 2024 has grown into a movement. This second edition reaffirms that the customs-broking fraternity is ready to sit at the high table of national logistics policy and contribute as an equal partner.”
Mr Paresh Thakkar, Senior Vice President, BCBA, said: “The customs broker is the silent force that keeps India's Exim trade moving. As the key stakeholder coordinating between Customs, Ports, Participating Government Agencies, shipping lines, CFSs and every link in the EXIM chain, the broker is the thread that holds the trade ecosystem together. This Conclave is our declaration that we will lead, we will innovate, and we will help build the Viksit Bharat of 2047.”
The Association is especially encouraged by the participation of speakers and dignitaries from across India, together with key members of the Federation of Freight Forwarders' Associations in India (FFFAI) from other cities — a reflection of the Conclave's growing national stature.


Four Plenary Sessions. The day will be structured around four themed plenaries. The first, “India 2030, 2035, 2047 — A Roadmap for Viksit Bharat,” will frame the logistics agenda across three horizons of structural transformation. The second, “Building India's Digital Spine — Customs & Trade,” will examine the move toward a unified national customs platform, 24-hour clearance and AI-driven risk management. The third, “Geopolitics and the New Geometry of Trade,” will address FTA utilisation, sea-lane risk and the China Plus One opportunity. The fourth, “Policy and Infrastructure — Building India's Futuristic Logistics Ecosystem,” will turn to the policy architecture that converts hard infrastructure into a future-ready, interoperable logistics network.


The panels will draw an eminent cross-section of voices from policy, ports, industry and academia, including senior representatives of the Central Board of Indirect Taxes & Customs, the Jawaharlal Nehru Port Authority, the Land Port Authority of India, leading economists and thinkers, technology providers powering the customs interface, and principals from across the shipping, terminals and freight-forwarding ecosystem. The discussions will be moderated by senior leaders of the customs-broking and freight-forwarding fraternity.


Valedictory. The Conclave will conclude with a valedictory session, “Custom Brokers and Freight Forwarders — Growth Partners,” featuring a concluding keynote address by Mr Dhimant Parekh, Founder, The Better India, alongside reflections from senior BCBA leadership on repositioning the profession as a recognised trade-facilitation partner within the CBIC, DGFT and PGA framework.


With Gratitude to Our Partners
The BCBA places on record its sincere appreciation to the partners and sponsors whose support makes the India Logistics Conclave 2026 possible:
Platinum Sponsor: Jawaharlal Nehru Port Authority (JNPA)
Gold Sponsors: Navi Mumbai International Airport (NMIA) • Softlink Global
Silver Sponsor: Reliance Industries Limited
Lunch Sponsor: Parekh Group (Seastar Global, Parekh Marine, Seabridge Marine)
Kit Sponsor: Polaris Logistics • Conex Terminal • Globicon CFS
Seat Sponsor: Galaxy Freight Pvt Ltd
Lanyard Sponsor: Mumbai Cargo Service Centre
High Tea Sponsor: Unifo Pvt Ltd
Banking Partner: DBS Bank
Bronze Sponsors: Aegis Logistics • Budget CFS • Clearship Group • Divya CPP • Eastern Cargo • EFC CFS • Goodrich Maritime • Hans Infomatics • Hind Terminal • Malca-Amit JK Logistics • MSC • Nikhil Logistics • Om Freight • SkyHigh Airport • U M Khona & Co • Vanguard Logistics
The Association further extends its gratitude to its Associate Sponsors and Souvenir Partners for their valuable support to the Conclave.


Members of the press are cordially invited to attend the Conclave. For accreditation, interviews with the BCBA leadership, or further information, kindly contact the BCBA Secretariat at the details below.


About BCBA
Founded in 1939, the Brihanmumbai Custom Brokers' Association is the largest and oldest body of customs brokers in India, representing a fraternity that serves as the connective tissue of the nation's EXIM trade. Through advocacy, capacity-building and policy engagement, the BCBA works to advance trade facilitation, professional standards and the modernisation of India's customs and logistics ecosystem.


Media Contact
Brihanmumbai Custom Brokers' Association, Mumbai Tel: +91-22-43119100 / 9101 | Email: [email protected] | Web: www.bcbaind.com
(Disclaimer: The above press release comes to you under an arrangement with NRDPL and PTI takes no editorial responsibility for the same.). PTI PWR

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