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    CPI(M) MP John Brittas urges FM to reconsider IDBI Bank privatisation
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June 11, 2026
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Public banking sovereignty concerns arise over the proposed privatisation of IDBI Bank and its wider social impact.
Concern is expressed over the proposed strategic disinvestment and transfer of management control of IDBI Bank to the private sector, on the footing that the move implicates financial sovereignty, depositor confidence, social justice and the public character of banking. The note refers to the bank's origin as a development financial institution, its role in India's financial architecture, and the assurance that government ownership would not fall below 51 per cent, together with parliamentary caution against dilution of that level of control. Concern is also raised over the possible transfer of valuable land and other assets, the impact on employees, and the wider trend of foreign participation in Indian banking.
June 11, 2026
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Money laundering quashing dispute turns on false representation allegations, foreign investment concerns, and the prima facie test at quashing stage.
The Enforcement Directorate proposed to challenge a Delhi High Court order quashing money laundering proceedings against NewsClick and its editor-in-chief after the predicate FIR was set aside. The agency said the order overlooked allegations of false representations to authorities and banks regarding the investor, source and nature of funds, commercial character of the investment, and share valuation in the context of alleged foreign direct investment without required permission. The ED also said the quashing stage required only a prima facie view on whether the allegations disclosed an offence.
June 11, 2026
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Cross-border digital payments expand with a direct UPI-NPI remittance link enabling real-time transfers and financial inclusion.
Cross-border peer-to-peer remittance has been launched between India and Nepal through a direct linkage of India's Unified Payments Interface and Nepal's National Payments Interface, enabling seamless, real-time and secure instant money transfers through mobile banking applications and digital wallets. The arrangement is presented as a digital payment corridor intended to strengthen financial connectivity, improve convenience for travellers and businesses, and promote accessible, safe and affordable cross-border payments.
June 11, 2026
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Rupee weakness amid West Asia tensions, dollar strength and foreign outflows pressures the domestic currency in interbank trade.
The rupee weakened against the US dollar in interbank trade amid heightened West Asia tensions, a stronger dollar index, heavy foreign institutional investor outflows and weak domestic equity sentiment. Market participants said the local unit came under pressure from external geopolitical developments and broader risk aversion, while earlier gains were linked to likely Reserve Bank of India intervention to curb excessive volatility in the domestic currency.
June 11, 2026
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Maritime trade security and supply chain resilience gain focus as India stresses diversification, energy security, and wider cooperation.
Maritime trade security and supply chain resilience were highlighted as essential responses to global economic risks, with emphasis that maritime trade should remain neither impeded nor endangered amid tensions in the Gulf. India's concern with energy, food and fertiliser security and the need for further diversification of supply chains were also underlined.
June 11, 2026
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Make in India-led manufacturing expansion: Haleon plans a greenfield Madhya Pradesh facility to strengthen supply chains and oral health access.
Haleon announced plans to establish its first manufacturing facility in India as a greenfield site at Pithampur, Madhya Pradesh, with the project aligned to the Make in India vision and intended to strengthen the company's long-term presence in the country. The facility is described as a strategic manufacturing base for oral health and other everyday health products, designed to support supply chain resilience, domestic value addition, exports to wider Asia, employment generation, and future-ready automated production, with operational commencement expected by 2029-30.
June 11, 2026
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Free trade agreements and cooperative federalism drive India's growth strategy, with MSME competitiveness and women-led development in focus.
India's growth strategy is being advanced through free trade agreements, international market access, and a stronger export ecosystem, with emphasis on enabling MSMEs to align with global standards and improve competitiveness. The economic direction also relies on the demographic dividend through quality education, demand-driven skilling, and employment pathways for youth. Cooperative federalism, State collaboration, and women-led development are described as central to Viksit Bharat, with focus on education, skilling, safety, and empowerment of women.
June 11, 2026
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Excise duty exemption on higher ethanol-petrol blends expands, paving the way for future ethanol fuel adoption.
Excise duty exemption has been extended to higher ethanol-petrol blends, with duty reduced to nil on petrol containing 22 per cent, 25 per cent, 27 per cent and 30 per cent ethanol. The extension broadens the earlier waiver for blends of up to 20 per cent ethanol and reflects the view that blending ethanol with petrol at fuel depots is a manufacturing activity that would otherwise attract excise duty. The measure is a preparatory regulatory step for any future introduction of higher ethanol-content fuels.
June 11, 2026
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Control and assurance functions harmonisation through draft RBI governance amendments invites stakeholder comments across regulated entities.
Reserve Bank of India has issued draft Amendment Directions for public comments to harmonise and consolidate instructions on control and assurance functions across multiple categories of regulated entities, including banks, co-operative banks, non-banking financial companies, credit information companies and asset reconstruction companies. The draft directions comprise governance-related and miscellaneous amendments intended to align the applicable regulatory framework across these entities. Comments and feedback may be submitted through the Connect 2 Regulate portal or by email using the prescribed subject-line format for the relevant category of regulated entity.
June 11, 2026
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Standardised approach for counterparty credit risk updates seek clearer netting, margining, and disclosure treatment under revised directions.
The Reserve Bank has proposed draft Amendment Directions on Standardised Approach for Counterparty Credit Risk (SA-CCR) to update the framework for computing counterparty credit risk exposure. The draft revisits the earlier SA-CCR-based guidelines in light of later netting, margining, and Basel Committee developments, and seeks to clarify the treatment of CCR across banking and trading book exposures, multiple margin agreements, multiple netting sets, clearing-member transactions, option premium deferment, effective notional for options, and disclosure templates. Comments have been invited from regulated entities and other stakeholders within the consultation period.
June 11, 2026
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Money laundering probe under the Prevention of Money Laundering Act covers alleged payments without services and unexplained loan transactions.
Enforcement Directorate investigation under the Prevention of Money Laundering Act concerns alleged transactions involving Cochin Minerals and Rutile Ltd and Exalogic Solutions Private Limited, including payments without corresponding services and loans without timely repayment. The agency has alleged that these transactions generated proceeds of crime and proceeded on the basis of a prosecution complaint filed by the Serious Fraud Investigation Office. Veena T sought postponement of her scheduled ED questioning on health grounds and said documents would be submitted through counsel.
June 11, 2026
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Rupee weakness deepens as crude prices, foreign outflows and a firmer dollar pressure the local currency.
The rupee weakened in early trade against the US dollar amid higher global crude oil prices, continued hostilities between the US and Iran, heavy foreign institutional investor outflows, and a soft domestic equity market. The local currency was also weighed down by a marginally stronger dollar index and remained sensitive to risk sentiment and external macroeconomic cues. RBI-linked dollar selling had earlier supported the rupee, while intervention was likely aimed at curbing excessive volatility and preventing a sharper slide.
June 11, 2026
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Excise duty waiver on ethanol-blended petrol encourages a shift toward cleaner fuel variants across blended petrol categories.
Excise duty on ethanol-blended petrol has been waived for E22, E25, E27 and E30 variants, with the applicable duty set at nil for petrol containing 22 per cent, 25 per cent, 27 per cent and 30 per cent ethanol blend. The measure is intended to encourage consumers to shift towards ethanol-blended petrol and applies through a finance ministry notification.
June 11, 2026
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Trade and regulatory cooperation deepen as India and Tajikistan prioritise pharmaceuticals, agriculture, services and wider economic engagement.
India and Tajikistan reviewed bilateral trade, investment and regulatory cooperation, and agreed to strengthen coordination between competent authorities, trade bodies and business chambers to facilitate smoother trade and new business projects. Pharmaceuticals, agriculture, services and wider sectoral cooperation were identified as priority areas, including faster registration processes, closer regulatory dialogue and stronger business-to-business linkages. The meeting concluded with signing of the Protocol of the 12th Session and a reaffirmation of commitment to deepen industrial, trade and economic cooperation.
June 10, 2026
Show AI Summary
Foreign direct investment allegations fail as quashing follows absence of criminal offence and unsupported money-laundering claims.
Quashing of FIR and money-laundering proceedings was ordered where the underlying investment was treated as an economic decision that did not disclose any criminal offence. The court held that there was no cap or restriction on receipt of foreign direct investment in digital media at the relevant time, and that the allegations of cheating, criminal breach of trust and siphoning of funds were unsupported. The Enforcement Directorate's case also failed because the alleged conspiracy did not show any illegal objective or unlawful means, and no incriminating material had emerged despite extensive investigation.
June 10, 2026
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Phytosanitary import rules shape Indian mango exports to Nepal as officials clarify no ban and continue permit issuance.
Imports of Indian mangoes into Nepal continue to be permitted subject to prescribed phytosanitary requirements, with import permits and release orders being issued on compliance. Nepal has clarified that no ban or suspension has been imposed, while introducing a Hot Water Treatment requirement for consignments. India has said it is facilitating exports in line with the new norms and is pursuing concerns over the revised measures through bilateral channels under the WTO Sanitary and Phytosanitary Agreement and the International Plant Protection Convention framework.
June 10, 2026
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Structural excess capacity allegations rejected as India cites low per capita consumption in textiles and steel.
India has rejected allegations of structural excess capacity in textiles and steel, saying low per capita consumption in both sectors shows no basis for the claim. In response to a United States Trade Representative probe under Section 301, India stated that the notice lacks cogent rationale and prima facie evidence to support the allegation that its major industries create trade surplus through surplus capacity. The trade remedies authority also said excess capacity is not recognised within WTO trade remedial laws.
June 10, 2026
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Indian mango exports face reputational strain as Nepal's import ban raises pesticide and quarantine concerns.
Nepal prohibited the import of Indian mangoes, citing excessive pesticide use and the absence of adequate quarantine facilities in border areas. Growers in Uttar Pradesh said the restriction could damage the international image and credibility of Indian mangoes, including the Dasheri variety, and add to pressure from rising input costs and low returns. The state minister said the ban would not materially affect farmers' earnings, but it has hurt the reputation attached to Indian mangoes.
June 10, 2026
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Rupee volatility management strengthened as lower crude prices and likely RBI intervention supported the domestic currency.
The rupee appreciated against the US dollar as lower Brent crude prices, a softer dollar index and likely intervention by the Reserve Bank of India helped curb excessive volatility and support the domestic currency. Market commentary linked the currency's pressure to geopolitical tensions, energy import dependence and a wider trade deficit when crude prices rise. The report also noted easing government bond yields and foreign inflows into government securities under the Fully Accessible Route.
June 10, 2026
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Tax reforms and digital governance are driving investor confidence, broader compliance, and India's growth toward a stronger economy.
Tax and economic policy reforms, including GST, faceless tax administration and Digital India initiatives, are presented as central measures in strengthening public trust, improving compliance and supporting investment-led growth. The government links these reforms with reduced inflation, a unified national market, banking sector clean-up and rising investor confidence, while describing India's transition from a vulnerable economy to the world's fastest-growing major economy and its progress towards a five-trillion-dollar economy and Viksit Bharat 2047.

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Aimanthan Launches India's First Free AI Certification Platform Powered by Claude AI from Anthropic, Bridging the Nation's AI Skills Gap

June 19, 2026

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New Delhi [India], June 19: Indore-based EdTech startup SITEADDA LABS TECHNOLOGIES LLP brings Claude AI — the world's most trusted AI — to Indian learners, offering free, QR-verified AI certificates in 15 minutes on any skill India's AI education landscape has witnessed a significant development with the launch of Aimanthan (aimanthan.org), a free AI certification platform that enables any Indian learner — student, professional, or entrepreneur — to earn a verifiable AI certificate in 15 minutes at zero cost, powered by Claude AI, Anthropic's globally trusted artificial intelligence, the same AI deployed by Fortune 500 companies, governments, and leading institutions across 150+ countries.

The launch comes at a pivotal moment for India. The country hosted the India AI Impact Summit 2026 at Bharat Mandapam, New Delhi, where Prime Minister Narendra Modi stood alongside Dario Amodei (CEO, Anthropic) — the company behind Claude AI — to outline India's ambition to become a global AI powerhouse. Yet a critical barrier remains: over 3.5 lakh AI roles are unfilled across India, and millions of talented individuals lack a credible, verifiable way to prove their AI skills to employers.

Aimanthan is built to solve precisely this problem.

"India has always had talent in abundance. What has been missing is a fair, fast, and credible system to recognise that talent in emerging fields like AI — especially for learners outside the IIT-IIM ecosystem," said a spokesperson for SITEADDA LABS TECHNOLOGIES LLP, the Indore-based technology company behind Aimanthan. "We built Aimanthan so that a student in a tier-3 city in Madhya Pradesh has the same access to a credible AI certificate as someone in Bengaluru or Mumbai." How Claude AI Makes the Difference Unlike conventional online certification platforms that rely on static multiple-choice answer keys, Aimanthan's assessments are evaluated in real time by Claude AI — Anthropic's flagship artificial intelligence model. Claude dynamically generates unique questions for every learner on their chosen topic, evaluates their responses contextually, and issues a score, grade, and level that reflect genuine demonstrated knowledge.

This means an Aimanthan certificate cannot be faked, copied, or gamed. Every certificate carries a unique certificate number and a QR verification code, allowing recruiters and institutions to validate the credential in seconds at https://aimanthan.org/verify.php.

"When a recruiter sees 'AI Evaluation by Claude (Anthropic)' on a certificate, they know it stands for something real," the spokesperson added. "This is not a participation certificate — it is a performance credential backed by the world's most credible AI company." Key Features of the Aimanthan Platform • Free Forever: No signup fee, no subscription, no hidden charges. The assessment and certificate remain permanently free for all learners.

• Any Skill: Learners can choose any AI topic — Prompt Engineering, SEO with AI, Digital Marketing, Data Analysis, Travel AI, Healthcare AI, ChatGPT for Business, and more — making it India's most flexible AI certification platform.

• 15-Minute Certification: A focused 10-question adaptive assessment, with a 30-second timer per question, yields an instant certificate upon completion.

• QR-Verified Credentials: Every certificate is live and verifiable on the Aimanthan platform, ensuring authenticity for employers, institutions, and recruiters.

• College Partnership Programme: Educational institutions can co-brand certificates, enrol students in bulk, and earn a commission — positioning themselves as AI-forward campuses aligned with Skill India and Digital India missions.

• AI-Powered Courses: Full AI-generated courses with an AI Tutor (powered by Claude), video lessons, and project-based assessments are available for learners seeking deeper skills beyond the free certificate.

Aligned with India's National AI Mission Aimanthan is explicitly aligned with three of India's flagship government programmes: Skill India, Digital India, and the IndiaAI Mission — the government's Rs 10,371 crore initiative to build AI infrastructure, skilling, and innovation ecosystems across the country.

India's National AI Strategy recognises that democratising AI education is critical to the country's ambition to train 5 million AI-skilled professionals by 2027. Aimanthan contributes to this goal by removing the two biggest barriers to AI certification: cost and accessibility.

"Our mission is simple: make AI education the great equaliser in India," the spokesperson stated. "Every certificate we issue is a small step toward the India that Prime Minister Modi described at VivaTech 2026 — where the democratisation of AI ensures its benefits reach everyone, not just the elite." The AI Skills Demand Is Urgent and Growing According to industry data, 80 percent of Indian companies have begun integrating AI tools into their operations in 2026. From e-commerce and banking to travel, healthcare, and content creation, AI literacy has moved from a 'nice to have' to a mandatory baseline skill across roles and industries.

Google's recent launch of its AI Professional Certificate with bundled AI Pro access, and Microsoft's push of Copilot certifications through LinkedIn Learning, underscore the global consensus: certified AI training is the new standard for workforce hiring.

Aimanthan differentiates itself by offering the fastest, most flexible, and most credible route to AI certification in India — one that does not require a learner to commit hours to a structured course before they can prove their skill.

About Aimanthan Aimanthan (aimanthan.org) is India's free AI certification and education platform, built and operated by SITEADDA LABS TECHNOLOGIES LLP, a registered Indian technology company based in Indore, Madhya Pradesh. The platform uses Claude AI by Anthropic to evaluate learners across any AI skill topic, issuing QR-verified certificates instantly at zero cost. Aimanthan is aligned with the Skill India, Digital India, and IndiaAI missions. The platform also offers AI-powered full courses with AI Tutor support, college partnership programmes, and a daily AI blog for Indian learners.

About Anthropic and Claude AI Anthropic is an AI safety company founded by Dario Amodei and other former OpenAI researchers. Claude, Anthropic's AI assistant, is one of the world's most widely trusted AI systems, deployed by Fortune 500 companies, healthcare organisations, government agencies, and educational institutions across 150+ countries. Anthropic was represented at the India AI Impact Summit 2026, New Delhi, alongside Google, OpenAI, and DeepMind.

Media Contact SITEADDA LABS TECHNOLOGIES LLP Indore, Madhya Pradesh, India Website: aimanthan.org Email: [email protected] (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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