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    Maharashtra cabinet clears administrative restructuring; 10 new departments to be added
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June 9, 2026
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Administrative restructuring and GST alignment reshape state governance, education approvals, and industrial borrowing powers.
Administrative restructuring increased the number of state departments from 33 to 43, with 13 ministerial departments to be reorganised and sub-divisions converted into independent departments. No new posts will be created; functions and responsibilities will be redistributed to improve efficiency and speed up decision-making. Amendments were also approved to streamline approvals under the Maharashtra Public Universities Act, align the state GST law with the Central GST Act, and enhance MIDC's borrowing powers for industrial development activities.
June 9, 2026
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Textile export growth gains momentum through policy support, trade reforms and stronger global competitiveness in apparel markets.
India's export growth in textiles and apparel has been supported by government policy measures, improved digital infrastructure, stronger logistics and trade reforms. The sectoral framework includes the 5F vision, the Production Linked Incentive scheme, PM MITRA parks, Mega Textile Parks, the National Technical Textiles Mission, export promotion measures, Free Trade Agreements and the Export Promotion Mission, described as strengthening the textile value chain and improving global competitiveness.
June 9, 2026
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Banking stocks drive market recovery as global cues improve and RBI liquidity measures lift sentiment.
Indian equity markets recovered after two sessions of losses, led by strong buying in banking and financial stocks. The advance was supported by firmer global markets, easing geopolitical tensions, softer crude prices, and improved risk appetite, while foreign fund outflows limited gains. PSU banks and related financial stocks outperformed on expectations that recent RBI liquidity initiatives would improve banking system liquidity and reduce funding costs.
June 9, 2026
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Gold loan calculator uses RBI-aligned valuation and loan-to-value limits to estimate borrowing before pledge.
Gold loan borrowing is presented as a process simplified by a loan calculator that estimates eligible credit before gold is pledged. The amount is calculated from the weight and purity of the gold and an RBI-aligned valuation method based on the lower of the previous day's closing price or the 30-day average closing price published by IBJA or a SEBI-regulated commodity exchange. The article also states that the eligible amount is determined by applying the RBI-prescribed loan-to-value ratio of up to 85%.
June 9, 2026
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Crypto-linked money laundering probe under the Prevention of Money Laundering Act leads to summons for statement recording.
Enforcement Directorate action in a crypto currency-linked money laundering investigation under the Prevention of Money Laundering Act involves summons issued to two sons of a Karnataka Congress MLA for recording statements in connection with alleged proceeds arising from hacking of national and international websites, theft of bitcoins, and sale of stolen virtual digital assets through crypto platforms. The matter is stated to originate from Karnataka Police FIRs and chargesheets in a 2017 case, and the brothers had earlier been questioned by the Karnataka Police special investigation team in the same investigation.
June 9, 2026
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Gold prices rebound on a weaker dollar and easing geopolitical tensions as markets watch US inflation signals.
Gold prices in the domestic bullion market rebounded and moved back above the Rs 1.60 lakh per 10-gram level, supported by a weaker US dollar, lower crude oil prices, easing Treasury bond yields and improved investor sentiment. Market participants attributed the recovery to renewed interest in precious metals even though global gold prices were slightly lower.
June 9, 2026
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Import restriction on mangoes raises quarantine concerns, supports local farmers, but may trigger shortages and price increases.
Import restriction on mangoes from India has been imposed because of alleged excessive pesticide content and the absence of quarantine facilities in border areas, particularly in Madhesh province. The restriction has increased the availability of locally grown mangoes and supported local farmers, but traders warn that Nepal's seasonal production may be insufficient to meet year-round demand. They have called for stronger quarantine and quality-testing systems instead of a complete ban, citing possible shortages, higher prices and effects on mango-based industries.
June 9, 2026
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Money laundering probe under PMLA drives summons, alleged fraudulent payments, loan transactions, and disclosure concerns.
Enforcement Directorate action under the Prevention of Money Laundering Act continued in relation to allegations that a Kerala-based mining company and a private consultancy company were involved in the generation of alleged proceeds of crime through purported payments for consultancy services and related loan transactions. The investigation concerns summons issued for questioning and recording of statements, along with searches at connected premises.
June 9, 2026
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Money laundering probe targets alleged CMRL transactions, consultancy payments, and related financial irregularities under the PMLA.
Enforcement Directorate summoned Veena T and officials of Cochin Minerals and Rutile Ltd. for questioning in a money laundering investigation under the Prevention of Money Laundering Act. The inquiry concerns alleged irregularities in CMRL's financial dealings with Exalogic Solutions Private Limited, including alleged fraudulent consultancy payments, loans, and the generation of proceeds of crime from those transactions. The case arose from an SFIO complaint and includes allegations of inflated cash expenses and illegal payments uncovered in earlier tax proceedings.
June 9, 2026
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Digital public procurement on GeM expands transparency, inclusivity and access for enterprises, startups and small businesses.
Government e Marketplace (GeM) functions as a digital public procurement platform that replaces manual, fragmented purchasing with a technology-driven system. It uses online onboarding, transparent bidding, digital contract management and end-to-end procurement processes to improve transparency, reduce human interface and widen participation by enterprises across geographies. Inclusivity is a central feature, with strong growth in participation by micro and small enterprises, women-owned enterprises, startups and SC/ST enterprises, alongside procurement support for public service delivery and healthcare supplies.
June 9, 2026
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Seafood export value addition and traceability drive India's push for stronger market access, infrastructure and sustainability.
Seafood export policy focused on strengthening value addition, sustainability, traceability, infrastructure and market access across the fisheries value chain. Discussions examined processing, branding, quality enhancement, certification, logistics, cold chain development, diversification of export markets and a Production Linked Incentive framework for the seafood sector. Deliberations also covered export-oriented fisheries infrastructure, compliance with international standards, support for startups and MSMEs, and opportunities in deep-sea resources and other emerging fisheries segments.
June 9, 2026
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GI-tagged agricultural exports gain momentum as Tezpur Litchi from Assam reaches Dubai through APEDA facilitation.
APEDA facilitated the first export consignment of GI-tagged Tezpur Litchi from Assam to Dubai, creating a new export channel for a regional horticultural product. The GI status strengthened product identity, improved international buyer appeal, and supported premium agricultural exports from Assam. The initiative was linked to better grower returns, new marketing opportunities, export-oriented value chains, and broader integration of farmers into global markets through quality assurance, certification support, capacity building, and market linkage efforts.
June 9, 2026
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Corporate law reform panel invites stakeholder views on amendments to companies and LLP governance rules.
The Joint Committee on the Corporate Laws (Amendment) Bill, 2026 has invited views and suggestions on its specific clauses from stakeholders and experts. The Bill proposes comprehensive amendments to the Companies Act, 2013 and the Limited Liability Partnership Act, 2008, aiming to improve the ease of doing business, decriminalise minor procedural defaults, and modernise corporate governance. Suggestions may be sent in English or Hindi to the Lok Sabha Secretariat or by e-mail within the stated deadline.
June 9, 2026
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Examination fraud alerts intensify as police warn NEET-UG aspirants against fake paper leak claims and suspicious calls.
Police advisory cautions NEET-UG aspirants and parents against rumours, misinformation, and fraud calls falsely offering question papers or answer sheets ahead of the retest. The notice warns that anti-social elements and cyber fraudsters may try to undermine examination integrity through social media and deceptive communications, and asks the public to immediately report suspicious offers or requests to the Economic Offence Unit. Persons involved may face legal action and criminal proceedings.
June 9, 2026
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Export growth and import momentum remained strong despite Iran war disruption, supported by autos and technology shipments.
China's customs data showed a sharp rise in exports and imports in May, with exports increasing 19.4% year-on-year and imports rising 27.4%. The export performance was stronger than in April and remained resilient despite disruption linked to the Iran war. The reported strength was supported by shipments of autos and technology, including artificial intelligence-related products such as semiconductors.
June 9, 2026
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Innovation-led healthcare drives India's pharmaceutical growth strategy, with global partnerships and affordable medicines at the core.
India's pharmaceutical sector is presented as a partner in innovation-led healthcare while continuing to supply affordable medicines globally. Global companies are invited to deepen collaboration through manufacturing, technology, clinical trials, supply chains and market access, with the industry described as capable of significant expansion over the next five years. The sector's strengths are identified as trust, innovation and partnerships, supported by global manufacturing standards, rising patent filings, and government programmes for research and development. India also emphasises durable cooperation for equitable healthcare access and long-term pharmaceutical supply resilience.
June 9, 2026
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Credit availability and financial inclusion drive discussed to widen formal lending, scheme coverage, and capital investment support.
Credit availability, financial inclusion and implementation of Central schemes were discussed with a view to expanding formal credit, ensuring wider coverage under flagship financial inclusion and social security schemes, and supporting capital infrastructure through the Special Assistance to States for Capital Investment scheme.
June 8, 2026
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Stamp duty and registration reform focuses on clearer rules for restructuring, LLP, RERA transactions, and digital verification.
Simplification of legal provisions governing corporate restructuring, LLP, RERA-related transactions and stamp duty matters is directed to align the legal framework with changing economic and business requirements. The reform agenda includes review of stamp and registration procedures for mergers, demergers, amalgamation, acquisitions, changes in shareholding, housing cooperative societies and sale agreements, together with a clear and practical stamp duty structure based on best practices from other states. Modernisation measures include digital verification, paperless registration, digitisation of records, AI-based systems, geo-tagging and a standardised property valuation system.
June 8, 2026
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Current account balance improved on services exports, remittances and stronger capital inflows in the latest balance of payments data.
Current account balance improved in the January-March quarter of 2025-26, supported by stronger services exports and higher remittance inflows. Merchandise trade remained in deficit, but net services receipts and personal transfer receipts increased, while primary income outgo declined. The balance of payments also reflected stronger FDI inflows, a net FPI inflow in the quarter, and higher non-resident deposit inflows, alongside an increase in foreign exchange reserves on a BoP basis.
June 8, 2026
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Precious metals weaken as West Asia tensions, rising crude prices, and interest rate expectations pressure gold and silver.
Gold and silver prices declined in domestic and overseas markets amid fresh West Asia tensions, as rising crude oil prices and inflation concerns weighed on precious metals. Analysts said stronger dollar sentiment, robust US jobs data, and expectations of tighter monetary policy further pressured bullion, while silver extended its losing streak and Brent crude briefly surged before easing.

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Customs & Trade

Bharat Buildcon 2026 Opens with Massive Industry Response; Attracts 25,000 Plus Visitors on Day One from 90 Plus Countries and 100 Plus Indian Cities

June 19, 2026

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25,000+ Visitors on Day One, Participation from 90+ Countries; India's Construction Sector Contributes Nearly 9% to GDP and Employs Over 51 Million People New Delhi [India], June 18: Bharat Buildcon 2026 – One Nation, One Expo, India's premier exhibition for the building materials and construction industry, commenced on a grand note today at the Yashobhoomi Convention Centre, New Delhi. The mega expo witnessed an overwhelming response with more than 25,000 visitors on the inaugural day, including architects, builders, developers, contractors, manufacturers, traders, policymakers, industry associations, and international buyers.

The event was inaugurated in the esteemed presence of Shri Manohar Lal, Union Minister, Ministry of Housing and Urban Affairs, Shri Jitin Prasada, Minister of State, Ministry of Commerce & Industry and Ministry of Electronics & Information Technology, and Shri Parshottam Rupala, Member of Parliament, alongside leading industrialists and representatives from the construction and building materials ecosystem.

Bringing together stakeholders from 90+ countries and over 100 cities across India, Bharat Buildcon 2026 has emerged as one of the largest global platforms for the building materials sector. The exhibition features products and innovations across 24 major categories, including Ceramic & Stone, Hardware, Cement & Steel, Plywood & Laminates, Furniture, Sanitaryware, Electricals, Paints, Construction Technologies, and several other segments that collectively drive India's infrastructure and housing growth.

India's construction and building materials sector is emerging as one of the most significant pillars of the nation's economic growth. The construction sector currently contributes approximately 9% to India's GDP and supports employment for more than 51 million people, making it the country's second-largest employment generator. Industry estimates suggest that India's construction market, valued at nearly USD 685 billion in 2025, is expected to surpass USD 1.24 trillion by 2034, driven by infrastructure investments, urbanization, housing demand, industrial expansion, and government-led development initiatives.

Industry experts believe that large-scale trade exhibitions such as Bharat Buildcon play a critical role in strengthening supply chains, accelerating technology adoption, generating business opportunities, facilitating exports, and attracting foreign investments into India's manufacturing sector.

Speaking on the significance of global participation, Mr. Vishal Acharya, Director, Bharat Buildcon, said "The presence of buyers, distributors, and sourcing professionals from more than 90 countries demonstrates the growing confidence of the global market in India's manufacturing capabilities. Bharat Buildcon serves as a gateway connecting Indian manufacturers with international demand, creating significant export opportunities across building materials categories. Every international buyer visiting India contributes not only to business generation but also strengthens India's position as a global sourcing hub. Such engagements accelerate foreign exchange earnings, promote 'Make in India' products worldwide, and help Indian brands expand their footprint across global markets. The response we have witnessed reinforces India's emergence as one of the most preferred destinations for construction and building material sourcing." Highlighting the strong domestic participation, Mr. Jitendra Kathiriya, Director, Bharat Buildcon, said "The participation from more than 100 Indian cities reflects the scale and diversity of India's building materials industry. Bharat Buildcon has become a common platform where manufacturers, distributors, architects, developers, retailers, and project consultants come together to create business opportunities. Events of this magnitude generate benefits across multiple sectors including hospitality, transportation, logistics, retail, construction, and services. With over 25,000 visitors on the very first day and thousands of business meetings taking place, the exhibition is expected to facilitate substantial commercial transactions and long-term partnerships. Such industry platforms are instrumental in strengthening domestic trade networks and contributing to India's vision of becoming a multi-trillion-dollar economy." Commenting on the importance of export promotion and international trade, Mr. Nilesh Jetpariya, Chairman, CAPEXIL, said "India's building materials sector is rapidly emerging as a globally competitive industry backed by quality manufacturing, innovation and scalability. The strong participation from international buyers at Bharat Buildcon demonstrates the growing demand for Indian products worldwide. Such exhibitions create valuable opportunities for exporters to showcase their capabilities, expand into new markets and strengthen India's export footprint. Bharat Buildcon is playing a crucial role in connecting Indian manufacturers with global business opportunities and supporting the government's vision of increasing exports and promoting Make in India on the world stage." The inaugural day witnessed strong engagement across exhibition halls, with exhibitors reporting high footfalls, productive buyer meetings, and significant business enquiries from both domestic and international visitors. Several exhibitors showcased innovative products, sustainable construction solutions, advanced manufacturing technologies, and next-generation building materials designed to support India's rapidly evolving infrastructure landscape.

As India continues its journey toward becoming a global economic powerhouse, industry-led platforms like Bharat Buildcon are expected to play a pivotal role in driving manufacturing excellence, boosting exports, encouraging innovation, and strengthening India's position in the global construction value chain.

Bharat Buildcon 2026 will continue until June 22, 2026, at the Yashobhoomi Convention Centre, New Delhi, and is expected to welcome tens of thousands of additional visitors, buyers, and industry stakeholders over the coming days.

(Disclaimer: The above press release comes to you under an arrangement with PNN and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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