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    ED attaches 4 hotels, 2 flats in DA probe against ex-IPS officer from Assam
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June 27, 2026
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Money laundering and disproportionate assets: attached hotels and flats linked to alleged proceeds routed through companies.
Provisional attachment of four hotels in Guwahati and two residential flats in Mumbai, valued at about Rs 53.28 crore, was made under the Prevention of Money Laundering Act in a money laundering case linked to alleged disproportionate assets against a retired IPS officer from Assam. The Enforcement Directorate stated that the officer and his wife were found to have assets worth about Rs 79 crore against disclosed income and expenditure of Rs 7.23 crore and Rs 9.04 crore respectively, and that the proceeds were routed through three companies, including Ishan Commercial.
June 27, 2026
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Manufacturing expansion and electronics growth drive Amber Group's near-term revenue target and major Uttar Pradesh investments.
Amber Group expects to reach the USD 2 billion revenue level in the near term, supported by growth in consumer durables, electronics, railway and defence businesses. It is investing about Rs 6,785 crore in manufacturing projects at YEIDA, including a joint venture unit for HDI printed circuit boards, flexible printed circuit boards and semiconductor substrates, and an expanded air-conditioner and components complex. The projects aim at backward integration, localisation, domestic supply and eventual exports.
June 27, 2026
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UK-India FTA leadership recognised as awards celebrate trade, finance, education and social impact across the bilateral partnership.
The UK-India Awards 2026 recognised individuals and institutions for contributions to the UK-India corridor and the broader bilateral partnership, including trade, finance, consulting, lifesciences, education, social impact and sports. The UK-India FTA negotiating teams and Piyush Goyal received the Exceptional Leadership in Elevating UK-India Ties award for advancing the historic UK-India Free Trade Agreement, while other honourees were recognised for sustained contributions to specific areas of the relationship.
June 27, 2026
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Digital governance and land allotment enforcement drive Uttar Pradesh's push for online services, investment promotion, and project monitoring.
The Uttar Pradesh government set the fourth edition of the Uttar Pradesh International Trade Show for September 25 to 29 in Greater Noida, presenting it as a platform to showcase the state's manufacturing strength, attract foreign buyers and facilitate business-to-business and business-to-consumer engagement as well as export orders. The Chief Minister also directed the Noida Authority to move all services online, monitor projects through an Integrated Command and Control Centre, and take action against land allottees who have not developed allotted land within the stipulated period.
June 27, 2026
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Energy-efficient Atomberg ceiling fans combine BLDC technology with EMI purchase options and smart-home convenience features.
Energy-efficient Atomberg ceiling fans are presented with BLDC motor technology and features such as remote control, timer functions, boost mode, app connectivity, voice control and integrated lighting. Purchase is promoted through Bajaj Finance partner stores and an Easy EMI Loan structure, subject to pre-approved eligibility, store availability and selected repayment tenure. The release also states that Bajaj Finance Limited is an RBI-registered deposit-taking NBFC engaged in lending and acceptance of deposits.
June 27, 2026
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Geographical Indication exports gain momentum as Rewa Sundarja Mangoes enter overseas markets through coordinated export facilitation.
APEDA facilitated the first commercial export of GI-tagged Rewa Sundarja Mangoes from Madhya Pradesh to the United Arab Emirates through coordinated work with horticulture authorities, exporters, Farmer Producer Organisations, pack house operators and farmers. The consignment was sourced, graded, sorted, packaged and cleared under export-quality and phytosanitary requirements before shipment, and the initiative is described as strengthening the export potential of GI agricultural products and improving income realisation for growers in the Rewa region.
June 27, 2026
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India-UK CETA expands market access, eases professional mobility, and grants eligible professionals social security exemption.
Deployment of 1,000 advisory personnel and upgradation of the trade portal are announced to help businesses maximise benefits under the forthcoming India-UK Comprehensive Economic Trade Agreement. The agreement is described as India's most comprehensive free trade agreement, expected to improve market access, competitiveness of Indian enterprises and mobility for professionals. For eligible Indian professionals in the United Kingdom, it provides a five-year exemption from social security contributions and allows the savings to be placed in interest-bearing, tax-free provident fund accounts in India.
June 26, 2026
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Tariff threat over digital services taxes escalates pressure on countries taxing American technology companies abroad.
A threatened tariff response targets countries that impose digital services taxes on United States companies, with the stated aim of deterring foreign taxation of American technology businesses. The measure is described as applying broadly to imports from countries adopting such taxes and as overriding previously negotiated trade arrangements. The text also notes that digital services taxes remain a trade sticking point and that the issue has been examined through United States trade investigations.
June 26, 2026
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Forgery and cheating in farmland sale exposed after identity mismatch and failed fingerprint verification during registration.
Forgery and cheating were alleged in a farmland sale where a person purportedly posed as the recorded owner using a forged Aadhaar card and false identity particulars. Fingerprint verification did not match UIDAI records during registration, but the process was completed with a thumb impression in ink and cheques were handed over. The buyer later discovered the mismatch, contacted the genuine owner, and learnt that the transaction was fraudulent.
June 26, 2026
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Identity document misuse linked to income tax summons raises allegations of fake business transactions and fraud.
Income tax summons issued under Section 131(1A) concerned alleged income and business transactions linked to a Delhi-based firm said to have misused the student's Aadhaar and PAN cards. The student denied any knowledge of the firm or related transactions, stated that neither she nor her family had set up such a business, and said she had responded to the department while also filing a grievance and seeking a police investigation into the alleged fraud.
June 26, 2026
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Tax enforcement and departmental discipline dominate as Karnataka directs stronger anti-evasion checks, coordination, and action against fake invoicing.
Karnataka's Chief Minister directed excise officials to maintain departmental dignity, act cautiously, and avoid conduct that could tarnish the government's image, while warning that transfers to other departments and legal changes may be considered if necessary. He also referred to the AIB system, e-auction of new licences, and instalment-based renewal payments. In the Commercial Taxes department, he stressed strict prevention of tax evasion, border-document checks, coordination with neighbouring states, and action against fake invoices, bogus companies, and false Input Tax Credit claims.
June 26, 2026
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Rainbow trout export drive boosts Uttarakhand's fisheries sector with cold-chain support, gap funding and new overseas market plans.
Uttarakhand's fisheries sector has entered the international seafood market through its first commercial export of rainbow trout to Nepal, supported by state assistance to cooperative societies in Pithoragarh district. The consignment was moved through a cold-chain processing route, and the fisheries department provided gap funding for harvesting, packaging, and transport to facilitate the export. The state is now examining additional export markets in Europe, West Asia and South-East Asia.
June 26, 2026
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Transformational growth shapes India-UK trade partnership as CETA and social security coordination widen cross-border business opportunities.
India-UK CETA is framed as a broader bilateral trade framework focused on transformational growth, sectoral expansion and deeper economic cooperation beyond tariffs and rules of origin. The Double Contribution Convention is described as applying to temporary workers for five years and redirecting contributions into Provident Fund savings in India. The article also stresses implementation preparedness, tourism promotion and greater SME participation in trade delegations.
June 26, 2026
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Foreign-origin gold smuggling syndicate exposed through airport-linked operations, concealed carriage, melting facilities and multiple arrests.
A coordinated crackdown on a foreign-origin gold smuggling syndicate operating through airports led to the detection of a gold melting facility used to process smuggled gold. The operation exposed a layered smuggling chain involving airport staff, handlers, intermediaries, a melting facility operator and persons engaged in the melting process, with arrests made across the network and seizure of gold recovered at the facility. Separate operations at Bengaluru and other airports, railway stations and land customs stations led to further recoveries of smuggled gold and additional arrests.
June 26, 2026
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Anti-narcotics enforcement targets cocaine trafficking through coordinated seizures, concealment methods, and arrests under the NDPS Act.
The Directorate of Revenue Intelligence reported a coordinated anti-narcotics operation in which 2 kg of cocaine was seized in Surat and one person was arrested under the NDPS Act, 1985 in connection with illicit trafficking. The release states that, since May 2026, DRI operations across multiple transport and logistics hubs have resulted in the cumulative seizure of approximately 26 kg of cocaine and the arrest of 22 persons, including 14 foreign nationals. The release also describes trafficking methods involving ingestion, concealment in household and edible items, fabrics, and baggage.
June 26, 2026
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Foreign exchange reserves composition shifts as gold holdings rise and foreign currency assets decline in weekly RBI data.
India's foreign exchange reserves were reported to have risen during the week ended 19 June 2026, with the overall reserve position increasing despite a decline in foreign currency assets. The movement was driven by a substantial increase in gold reserves, offsetting the fall in foreign currency assets, while Special Drawing Rights and the reserve position with the IMF showed marginal declines. The reporting also noted that foreign currency asset values are influenced by changes in non-US currencies held in reserves.
June 26, 2026
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Digital procurement adoption among MSMEs rises as GST-compliant invoicing, supplier visibility and price comparison gain importance.
Digital procurement is increasingly being adopted by MSMEs as a response to long-standing offline procurement frictions, including limited price discovery, supplier management difficulties, invoice non-compliance, payment and credit constraints, and price volatility. The reported drivers of adoption include wider product selection, easier supplier comparison, centralised spend visibility and GST-compliant invoicing, with B2B digital marketplaces expected to see greater use among MSMEs over the next two years.
June 26, 2026
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Citizenship proof rules face calls for reform as passport and Aadhaar are urged to become conclusive identity documents.
A public debate on citizenship documentation has prompted calls for a legislative overhaul of the legal framework governing proof of Indian citizenship. The stated position is that both an Indian passport and Aadhaar should be treated as valid and conclusive proof of citizenship unless expressly cancelled or withdrawn by the State. The discussion also notes the existing legal distinction that a passport is a travel document and not conclusive proof of citizenship, while Aadhaar is issued on the basis of local residence rather than nationality.
June 26, 2026
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Credit score monitoring through secure online verification helps consumers track credit health and make informed borrowing decisions.
Digital access to credit information is presented as a convenient and secure way for consumers to understand their credit profile and manage financial planning. The Credit Pulse Report allows users to check their credit score online through a verification-based process using a registered mobile number, OTP authentication, and basic personal details, after which the score and credit report insights become available. Regular credit monitoring is described as useful because it helps individuals stay aware of their credit standing, identify inaccuracies, and maintain responsible credit behaviour.
June 26, 2026
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Heavy earthmoving equipment export order expands BEML's West Asia presence with lifecycle support and safety-focused design.
BEML Ltd. secured an additional export order from West Asia for supply of heavy earthmoving equipment, continuing an earlier export contract. The equipment is engineered for mining, infrastructure development and strategic construction use, with design features aimed at demanding operating conditions and compliance with stringent international quality standards. The machines include ROPS/FOPS-certified operator cabins for safety and comfort, and BEML will provide maintenance, spares, servicing and lifecycle support through its local representative.

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Customs & Trade

Electricity tariffs in Chhattisgarh hiked by 6.23 per cent, Congress calls it 'loot'

June 15, 2026

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Raipur, Jun 15 (PTI) The Chhattisgarh State Electricity Regulatory Commission (CSERC) on Monday approved an average increase of 6.23 per cent in electricity tariffs across all consumer categories from July 1, while retaining several concessions for women's self-help groups, hospitals, and tribal regions.

The opposition Congress criticised the move, accusing the BJP government of "looting" consumers.

The hike is significantly lower than the 24 per cent increase sought by the state power distribution company for the 2026-27 financial year, an official statement said.

The Commission said the revised tariff was approved to meet the estimated revenue requirement for the year.

While the distribution company had proposed an average cost of supply of Rs 8.40 per unit, the regulator approved Rs 7.13 per unit after detailed analysis. The average billing rate for 2026-27 has been estimated at Rs 6.71 per unit, which is 42 paise lower than the approved average cost of supply, it said.

Electricity tariffs for domestic consumers have been increased by 30-50 paise per unit, impacting around 60 lakh consumers in the state.

Rates for non-domestic consumers have been raised by 20-40 paise per unit, while tariffs for agricultural pump connections have gone up by 40 paise per unit.

The Commission retained a 10 per cent concession in energy charges for industrial and commercial activities operated by registered women's self-help groups.

Similar concessions have been retained for hospitals, nursing homes and diagnostic centres functioning in rural areas and in the Bastar and Surguja tribal development authority regions, it said.

A 25 per cent rebate on energy charges for mobile towers located in the Bastar and Surguja tribal authority regions has been continued. To encourage electric mobility, the tariff for electric vehicle charging stations has been fixed at Rs 7.13 per unit, equivalent to the approved average cost of supply.

The energy charge rebate for non-subsidised agricultural pump connections has been increased from 30 per cent to 40 per cent. Farmers will continue to be allowed to use up to 100 watts of power for lights and fans near agricultural pump installations, according to the statement.

The Commission also continued a 10 per cent concession in energy charges for poha and puffed rice mills under the LV-5 category.

The advance payment rebate has been reduced from 1.25 per cent to 0.75 per cent and will now be available only to consumers sourcing their entire electricity requirement from the distribution company.

The delayed payment surcharge has been revised from 1.5 per cent per month to 0.04 per cent per day, it said.

State Power Distribution Company Managing Director Bhim Singh Kanwar said the Chhattisgarh State Electricity Regulatory Commission, while announcing electricity rates for the year 2026-27, has kept many provisions providing relief to consumers intact.

He stated that beneficiaries of the M-URJA (Mukhyamantri Urja Rahat Jan Abhiyan) scheme would continue to receive relief, and the impact of the tariff hike on low-income households would remain limited.

Consumers using up to 400 units of electricity and availing the half-bill benefit on 200 units would see an average increase of only 15-20 paise per unit, he said.

Kanwar further said the tariff increase would not affect farmers because the additional burden on agricultural pump connections would be borne by the state government through subsidies.

He also claimed that power tariffs in Chhattisgarh remain lower than those in neighbouring states such as Jharkhand, Madhya Pradesh and Maharashtra.

Student hostels, both government-run and private, located in the Bastar and Surguja tribal development authority regions, would now be billed under the domestic category instead of the commercial category, providing additional relief, he said.

Consumers in domestic and non-domestic categories with sanctioned loads above 10 kilowatts will also receive a rebate of 20 paise per unit on electricity consumed during off-peak hours between 9 am and 5 pm, he added.

State Congress communication department chairman Sushil Anand Shukla alleged that the government's power department was "looting consumers in the name of electricity bills" and noted that this was the fifth tariff increase since the BJP came to power (in 2023).

"The government has increased rates for domestic, commercial and agricultural consumers. People have already been struggling with exorbitant electricity bills, and instead of providing relief, the government has increased tariffs," Shukla said.

He alleged that electricity bills have risen three to four times in recent months and claimed that consumers were receiving different online and offline bills.

He also accused the power utility of increasing contracted load capacities without consumer consent and imposing penalties based on higher loads linked to smart meter readings.

More than 45 lakh consumers received electricity bills in June that were nearly three times higher than normal, he claimed.

"People are bearing the brunt of inflated power bills and power cuts. The government is unable to provide round-the-clock electricity and is simultaneously sending arbitrary bills to consumers," he alleged. PTI TKP NSK

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