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May 21, 2026
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Stake acquisition approval in Restaurant Brands Asia combines equity subscriptions, warrant subscriptions, purchases and an open offer.
Approval was granted for the acquisition of a certain stake in Restaurant Brands Asia Limited by Lenexis Foodworks Private Limited, Aayush Agrawal Trust, Inspira Foodworks Private Limited, Aayush Madhusudan Agrawal and Inspira Agro Trading LLC through equity subscriptions, warrant subscriptions, equity purchases and an open offer. The transaction is structured as a proposed combination involving multiple acquisition steps and concerns the target company's stake and franchise business in India.
May 21, 2026
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Competition clearance for acquisition of road highway operating special purpose vehicles by an infrastructure investment trust.
Competition Commission of India approved the proposed acquisition of the entire equity share capital of four road and highway operating special purpose vehicles by Cube Highways Trust. The trust is a SEBI-registered infrastructure investment trust, and the target entities are Indian companies operating roads and highways through governmental concessions.
May 21, 2026
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Competition Commission approval for acquisition of Neysa Networks by Blackstone affiliates and co-investors in the AI cloud services sector.
Competition Commission of India approved the acquisition of a controlling stake and certain shareholding in Neysa Networks Private Limited by Blackstone affiliates and other co-investors. The proposed combination includes multiple investors acquiring stakes in the AI-focused cloud services provider, which enables enterprises, startups, and public sector organisations to deploy and scale AI workloads securely and cost-effectively.
May 21, 2026
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Atal Pension Yojana expansion highlights growing retirement security, higher enrolments, and wider inclusion across subscriber groups.
Atal Pension Yojana is being expanded nationwide as a social security and retirement preparedness initiative, with PFRDA reporting continued growth in gross enrolments, assets under management, and participation across all States and Union Territories. During FY 2025-26, APY recorded its highest-ever annual enrolment, a large addition of new subscribers, and a marked rise in participation among younger age groups. Women participation also reached a record level, while subscriber persistency, financial literacy, and outreach in the urban informal sector were highlighted as key priorities.
May 20, 2026
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AI data centre project approvals include land allotment, utility support, and major fiscal incentives for large-scale investment.
Andhra Pradesh approved allotment of 854.97 acres in Vizianagaram district to Reliance Industries Limited at a 25 percent discounted rate for a Giga-Scale AI Data Centre with a Cable Landing Station. The package includes non-fiscal support such as water provision for 20 years and a proposal to study a desalination plant, together with fiscal incentives including stamp duty and registration exemption, capital subsidy, SGST reimbursement, water tariff subsidy, power tariff subsidy, and cross-subsidy surcharge exemption.
May 20, 2026
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Tea sector financial stress deepens as rising costs, weak prices and climate pressure prompt calls for policy support.
Tea sector faces mounting financial stress despite record exports, as slow auction price growth, rising input costs, adverse weather, declining production and import pressure continue to affect estate viability. The association called for a minimum sustainable price mechanism linked to production cost, higher export support, restoration of orthodox tea incentives and relief for Darjeeling estates, including interest subvention on working capital.
May 20, 2026
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Loan recovery conduct norms bar mobile phone blocking by banks, while financed devices may face limited restrictions after default.
RBI has proposed revised conduct norms for loan recovery, including a bar on using technology-based blocking of a borrower's mobile device as a recovery tool, except where the device itself was financed by the lender. Even in financed-device cases, blocking is allowed only after the loan is 90 days past due and notice has failed to cure the default, and essential functions such as internet access, incoming calls, emergency SOS features and public-safety notifications cannot be disabled. Wrongful restriction must be reversed within one hour of cure, with hourly compensation payable until remedied.
May 20, 2026
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Virtual digital assets taxation draws scrutiny as lawmakers back continued tax treatment amid regulatory uncertainty.
A parliamentary finance panel expressed concern over large-scale investment in virtual digital assets such as cryptocurrency and supported continuation of tax on such digital transactions. The discussion focused on the absence of a specific regulatory law in India, differing international approaches to regulation or prohibition, and the need to examine stakeholder views before recommending a future course of action. Cryptocurrency transactions are already subject to income tax and GST, including a 30 per cent income tax on gains, a 1 per cent TDS on certain payments, and tax treatment of gifts.
May 20, 2026
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Constitutional protection and economic distress dominate Rahul Gandhi's allegations over governance, inflation, and electoral roll deletions.
Political remarks centred on allegations that the Prime Minister, the Home Minister and the RSS were undermining the Constitution, weakening public welfare measures, favouring select industrialists, and eroding constitutional guarantees such as equality, justice, public sector protections, an independent judiciary, free media, and one person-one vote. The speaker also linked these allegations to economic distress, warning of inflation, fuel and fertiliser shortages, disruptions in global oil supply, and hardship for ordinary citizens.
May 20, 2026
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Airport tariff regulation fixes user development fee and landing charges for a new airport's initial control period.
Tariff order for the Navi Mumbai International Airport fixed user development fee, landing charges and vehicle parking charges for the first control period on a differentiated basis for domestic and international passengers and flights. The regulatory determination also allows a Variable Tariff Plan for landing charges during the initial years and carries forward a portion of the Average Revenue Requirement to the next tariff cycle to moderate airport charges in the interests of passengers and airlines.
May 20, 2026
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GST framework deliberations on petrol and diesel inclusion focus on phased integration, state revenue protection, and fiscal balance.
Petrol and diesel should be considered for inclusion under the GST framework through structured and consultative deliberations in the GST Council. The representation relies on Article 279A(5) as envisaging the eventual inclusion of petroleum products within GST and urges fresh consideration in light of prevailing economic conditions. It proposes a calibrated framework, including a working group, transitional compensation support, a limited revenue-protection cess, and a formula-based fiscal stabilisation mechanism.
May 20, 2026
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Collateral-free personal loans with flexible tenure and digital processing support easier repayment planning and quick access to funds.
A collateral-free personal loan product offers flexible repayment planning, with tenure options ranging from 12 months to 108 months, to reduce monthly instalments and support budgeting for planned and urgent expenses. The product is offered through a fully digital application process with minimal documentation and quick approval, subject to eligibility and verification. It is available to salaried and self-employed individuals, with interest rates varying according to credit profile, eligibility, and repayment behaviour, and terms are communicated upfront to support informed borrowing.
May 20, 2026
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Toffee exports surge alongside renewed India-Italy trade ties and social media "Melodi" wordplay.
India's toffee exports were reported to have increased sharply over 12 years, rising from Rs 49.68 crore in 2013-14 to Rs 132 crore in 2025-26. The disclosure followed Italian Prime Minister Giorgia Meloni's public thanks for being gifted "Melody" toffees, reviving the "Melodi" wordplay online. The visit was also linked to efforts to strengthen bilateral cooperation in trade, defence, clean energy and technology.
May 20, 2026
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Prepaid payment instrument authorisation marks RBI-backed entry into regulated digital wallets, prepaid cards, and stored-value payments.
RBI authorisation has been granted to ZikZuk Technologies Private Limited to operate as a Prepaid Payment Instrument issuer under the Payment and Settlement Systems Act, 2007, placing the company under direct regulatory oversight in India's payments ecosystem. The authorisation enables regulated digital payment products, including digital wallets, prepaid cards, and stored-value solutions, within the PPI framework. The reported scope includes General Purpose PPIs, Special Purpose PPIs, and PPIs for Foreign Nationals and NRIs under the UPI One World framework.
May 20, 2026
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Transatlantic tariff deal secures tariff caps and trade stability amid legal uncertainty over US measures.
The European Union approved a tariff deal with the United States capping tariffs on most EU exports at 15 per cent and reducing tariffs on US industrial goods to zero, after intense internal debate and trilogue negotiations. European lawmakers added protections in case the United States backtracks, while the arrangement was presented as a way to preserve stability in transatlantic trade and provide business certainty. Concerns remained because US courts had questioned the legal basis for certain tariff measures.
May 20, 2026
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Asian Productivity Organization governance meeting in New Delhi to review Vision 2030, budget proposals and election procedures.
India is hosting the 68th Session of the Asian Productivity Organization Governing Body in New Delhi from 20 to 22 May 2026, with senior delegates, observers and invitees participating in annual governance discussions. The meeting will cover the APO Vision 2030 framework, the preliminary budget for the 2027-28 biennium, Secretary-General election procedures, election of the APO Chair and Vice Chairs, the Annual and Financial Report, budget proposals, institutional reforms and key policy and procedural recommendations.
May 20, 2026
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Political remarks and apology demand follow Congress MP's comments against top leaders, with talk of possible suo motu cognisance.
Political remarks made by a Congress MP against the Prime Minister, the Home Minister and the RSS drew strong criticism from BJP leaders, who described the language as politically immature and reflective of mental bankruptcy. The BJP demanded an unconditional apology and expressed concern over the use of such statements, while one leader suggested that the remarks could invite suo motu cognisance.
May 20, 2026
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Aadhaar identity proof dispute targets its use for citizenship, domicile, address and voter registration verification.
A public interest plea seeks directions that Aadhaar be used strictly as identity proof and not as proof of citizenship, domicile, residential address or date of birth. It also challenges its use in voter registration Form-6 as proof of residence and date of birth, contending that the existing verification mechanism is inadequate and calls for an overhaul of electoral verification, including a proposed high-powered monitoring committee.
May 20, 2026
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Entitlement Certificate process under Assam SGST reimbursement scheme covers online application, tracking, approval, and certificate download.
Application and online processing framework for grant of an Entitlement Certificate under the Assam Industries (SGST Reimbursement for Eligible Units) Scheme, 2021, including taxpayer profile creation, login, password management, application submission, document upload, acknowledgement generation, and status tracking through the departmental portal. The portal also provides a tracking facility based on acknowledgement number, year, month, or date of application, with status display against the application until approval. Upon approval, the user may download the Entitlement Certificate from the status page.
May 20, 2026
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GST reimbursement workflow requires taxpayer registration, annexure filing, certificate upload, refund application and online status tracking.
GST reimbursement under the Assam Industries (Tax Reimbursement for Eligible Units) Scheme is processed through the Commissionerate of Taxes portal by taxpayer registration, login and profile creation, including first-time password change and access to the dashboard. The portal directs the user to the relevant reimbursement workflow for the 2017 or 2021 scheme and enables selection of the appropriate annexures for filing. For reimbursement under the 2021 scheme, the taxpayer must complete Annexure-8 and Annexure-9 with unit particulars, eligibility and certificate details, exemption period and bank particulars, then upload the prescribed certificates and submit the application for jurisdictional approval.

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Navi Mumbai Airport to launch international operations on July 15

June 17, 2026

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Mumbai, Jun 17 (PTI) Adani Group-owned Navi Mumbai airport is expected to start international operations from the greenfield facility from July 15, a top official said on Wednesday.

Along with international passenger flights, the Navi Mumbai airport will also commence international freighter operations, he said.

The second airport in the Mumbai Metropolitan Region had commenced domestic flight services from December last year.

"On July 15, we are starting with freighters, and we expect the freighters to ramp up to almost 18 weekly flights. Good news is also that there is movement on the passenger side and hopefully on July 15 international passenger flights will also start," Navi Mumbai International Airport Ltd (NMIAL) Chief Executive Officer BVJK Sharma told reporters on the sidelines of BCBA Logistics Conclave here.

Sharma further noted that both "Air India Express and IndiGo are going to operate international flights from Navi Mumbai".

Member (Customs), a senior official within the Central Board of Indirect Taxes and Customs (CBIC), reviewed the readiness of the airport (for international operations) on Tuesday, and relevant notifications have been promulgated, he said.

"The last one is being done today, which will then follow with Section 45 and the trials with both the codes for courier and the cargo," he said, adding that this will lead to probably a trade notice by the customs around July 5.

Asked how many international services the airport was looking to begin with, he said, "We need to see (how many international services). The filings have just started; we do not have the firm numbers yet. On March 29, we had certain filings, but all that got cancelled because of the situation.

"A fresh filing has happened yesterday (Tuesday) night, which was by Air India Express. So, Air India Express and IndiGo both are going to put international flights in Navi Mumbai." The Navi Mumbai International Airport, which started commercial flights in December last year, handles around 20,000 passengers per day with 150 departures and arrivals. The airport is expecting the daily passenger footfall to surge to 50,000 per day by the year-end, and 380 Air traffic movements (arrivals and departures) per day.

Sharma also said international airlines have started talking to NMIAL for starting their services from the new airport, adding that, "There is no firm name yet, but many have come. Many ambassadors from various countries and many consulate generals are coming and meeting." He said the airport is hopeful for short-haul (international) flights, to begin with. Flights with 4-6 hour duration fall in the short-haul category.

He said the design work for the next phase has just started. The airport operator had said earlier that it was planning a 30 million passenger terminal.

"Now we are planning a bigger terminal. We are redesigning it. The main architects will come on board, but we have begun the planning," he said.

On the demand for domestic cargo versus international cargo, Sharma said freighters operate on a hub-and-spoke model and domestic feed is very important in that system.

International freighters also connect with domestic operators. Just like every wide-body aircraft needs domestic flights to connect passengers, cargo will also work on a hub-and-spoke model, he said, emphasising that Navi Mumbai will be a "good hub".

Stating that domestic cargo -- especially belly cargo (the cargo space in a passenger aircraft) -- is doing well, he said almost 70 per cent of the airport's cargo volumes are expected to be from the belly.

Earlier, addressing the event, Sharma said the airport has begun work on the next phase of the terminal, which will be the largest terminal in the country with a 50-million capacity.

"We have had some discussions with the main architects and are trying to see whether we can integrate all the international business of passengers in one terminal going forward. So, in this 50 million capacity terminal, probably 25-30 million international passengers would be integrated by 2038, he stated.

On June 15, it was named among the Prix Versailles World's Most Beautiful Airports 2026 alongside five other international airports, including Guangzhou, China; Frankfurt am Main, Germany; Kandal Stueng, Cambodia; Pittsburgh and San Diego in the United States. PTI IAS TRB

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