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    APEDA Facilitates First Commercial Sea Shipment of Premium Banganapalle Mangoes from India to Singapore
    Build Credit, Earn Cashback: Paisabazaar and SBM Bank India Launch Paisa+ Secured Credit Card
    ED seizes cash, gold during searches against MP educational society
    Rising Gold Prices Are Giving Indian Households More Borrowing Power Than Ever Before
    International MSME Day: IFQM Calls for a National Quality Mission to Embed India's MSMEs into Global Value Chains
    Ex-CM’s daughter appears before ED in PMLA case for second time
    RBI issues draft ‘Guidance on Regulatory Principles for Model Risk Management’
    APEDA Successfully Concludes First Cohort of BHARATI Programme to Accelerate Innovation-Led Growth in Agri-Food Exports
    FAQs on Index of Services Production – Trial Indices with Base year 2024 -25
    Provide shadow reversal in 5 days for credit card frauds: RBI to banks
    Union Minister of Commerce and Industry Shri Piyush Goyal to Visit United Kingdom from 25–27 June Ahead of India-UK CETA and DCC Implementation
    Rajesh Exports failed to produce records related to foreign transactions: ED
    India, US review trade pact progress as tariff deadline nears; no clarity on interim deal
    Bandhan Bank raises FD rates by up to 20 basis points
    Ambassador Jamieson Greer Leads U.S. Delegation to India for Bilateral Trade Agreement Talks
    India, US conclude two-day trade talks; review core elements of bilateral pact
    RBI in wait and watch mode; premature to discuss rate hike: Guv Malhotra
    Finance ministry, NFRA officials brief Par panel on corporate laws amendment bill
    India, US review core elements of bilateral trade agreement
    83x Zoom, Full-frame Sensors, and 6K RAW Video: Four Nikon Cameras for Indian Buyers in 2026
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    June 25, 2026
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    Sea freight for horticultural exports gains momentum as premium Banganapalle mangoes reach Singapore through compliant cold-chain logistics.
    APEDA facilitated the first commercial sea shipment of premium Banganapalle mangoes from India to Singapore, using GAP-certified orchards, an APEDA-recognised packhouse, and cold-chain logistics to meet Singapore's quality and phytosanitary requirements. The shipment is presented as evidence of the viability of sea freight for fresh horticultural exports and of the commercial benefits of scientific post-harvest management and sustainable export pathways.
    June 25, 2026
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    Fixed deposit-backed secured credit card expands access to formal credit with cashback and credit-building benefits.
    Fixed deposit-backed secured credit card launched to expand access to formal credit for consumers with limited or no credit history, including new-to-credit users and persons seeking to rebuild damaged credit profiles. The product helps cardholders begin building credit history through responsible usage while using an FD as security, with minimum FD requirement starting at Rs. 2,000. The card combines credit-building with FD returns up to 7% p.a. and cashback on online, offline and eligible UPI transactions, subject to stated fee and cashback caps.
    June 25, 2026
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    Money laundering probe over alleged fund diversion at an educational society leads to searches and asset seizure.
    Enforcement Directorate searches in a money laundering investigation against a Madhya Pradesh-based educational society led to seizure of cash, gold jewellery, financial records and property-related documents. The probe arises from an FIR alleging large-scale financial fraud, including misappropriation and diversion of funds belonging to the society, and is registered under the Prevention of Money Laundering Act. The searches covered residential premises, offices, educational institutions, trusts and business establishments connected with the Chouksey Group.
    June 25, 2026
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    Gold loan borrowing capacity rises as gold prices climb, with valuation and eligibility rules unchanged.
    Rising gold prices increase the borrowing capacity available against pledged gold because gold loan amounts are calculated on the basis of the weight and purity of the ornament and the gold rate applied on the assessment date. The higher rate environment therefore allows the same jewellery or coins to support a larger loan amount without any change in the underlying eligibility criteria. Gold loan eligibility requires the applicant to be an Indian citizen aged between 21 and 80 years and to submit one KYC document. Accepted security includes gold jewellery or ornaments of 18 karat to 22 karat purity, and gold coins up to 24 karat.
    June 25, 2026
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    Quality-led MSME competitiveness drives India's push toward global value chains through benchmarking, excellence and continuous improvement.
    India's MSMEs are presented as central to growth, manufacturing and exports, but the country's low global trade share is said to show a competitiveness gap. The text frames quality as the missing link between scale and participation in global value chains. It describes a National Quality Mission based on cluster development, self-assessment, roadmaps, total quality management, zero defect manufacturing and operational excellence, together with benchmarking, leadership development and continuous improvement.
    June 25, 2026
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    Money laundering probe under PMLA focuses on alleged payments, loans and proceeds of crime linked to Exalogic and CMRL.
    Enforcement Directorate continued its investigation under the Prevention of Money Laundering Act into alleged transactions between Exalogic Solutions Pvt Ltd and Cochin Minerals and Rutile Ltd, questioning Veena T again and examining her bank lockers. The probe concerns allegations that payments and loans were routed without corresponding services, with the ED alleging that the arrangements generated proceeds of crime and relying on a prosecution complaint filed by the Serious Fraud Investigation Office.
    June 25, 2026
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    Model Risk Management guidance broadens regulatory expectations for AI, machine learning and third-party model governance.
    Reserve Bank of India has released draft Guidance on Regulatory Principles for Model Risk Management for public comments. The guidance applies to a wide range of regulated entities and covers all models used by them, including third-party models and models employing artificial intelligence or machine learning. It sets out broad regulatory expectations across the model lifecycle to strengthen governance, oversight, risk management and controls against financial, operational, compliance and reputational risks.
    June 25, 2026
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    Agri-food export acceleration gains momentum as BHARATI links startups with market access, compliance, and global buyers.
    APEDA concluded the first cohort of its BHARATI export enablement and acceleration programme for agri-food startups. The initiative supports innovation, entrepreneurship, value addition, technology adoption and global market readiness, with training in export preparedness, market access, regulatory compliance, packaging, branding and investor readiness, together with mentorship and stakeholder engagement. It also facilitated international market exposure and early export outcomes across multiple foreign markets.
    June 25, 2026
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    Index of Services Production expands monthly measurement of formal services output through trial indices, GST data, and GVA-based weighting.
    Index of Services Production (ISP) is proposed as a monthly short-term indicator of real output in the formal services sector, using a base year of 2024-25 and trial releases before regular dissemination. The series will cover major services sub-sectors, exclude government and informal activities, and rely on administrative data, GST outward supplies and ASISSE estimates, with GVA-based weights and a fixed-weight Laspeyres volume index.
    June 24, 2026
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    Customer liability in digital transactions: revised RBI norms mandate shadow reversal, zero liability rules, and prompt fraud protection measures.
    Revised customer liability framework for digital banking transactions requires banks to strengthen systems for safe electronic banking, send instant SMS alerts for specified transactions, and record delivery and customer responses. On complaints of fraudulent transactions, banks must prevent further unauthorised activity, provide value-dated reversal where required, and apply zero liability rules for bank negligence or timely reported third-party breaches. A separate shadow reversal mechanism applies to fraudulent credit card transactions, and compensation is ed for small-value fraudulent transactions within stated limits.
    June 24, 2026
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    Trade liberalisation and social security coordination advance as India and the United Kingdom prepare for new economic agreements.
    Official visit to the United Kingdom to advance preparations for the India-UK CETA and Double Contribution Convention, including a bilateral meeting to align regulatory roadmaps, streamline cross-border customs coordination and finalise administrative mechanisms. The discussions cover tariff liberalisation, market access for Indian exports, operationalisation of the Double Contribution Convention for eligible temporary workers, and mutual market access commitments in key services sectors, alongside Government-to-Business engagements to strengthen trade, investment and industrial collaboration.
    June 24, 2026
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    Foreign exchange compliance concerns emerge as missing transaction records, suspicious trades, and stock mismatches are alleged against the company.
    The Enforcement Directorate alleged suspected contravention of foreign exchange law after searches against the company and related persons, stating that foreign transaction records were not produced and that verification of imports, exports, overseas investments, and trade settlements was therefore difficult. It also alleged unusual business indicators, suspicious block trades, possible undisclosed offshore links, fund routing through NRI benamidars, suspicious trade netting with foreign parties, and a substantial mismatch between recorded stock and goods found during physical verification.
    June 24, 2026
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    Bilateral trade agreement talks advance as India and the United States weigh market access, tariffs and digital trade terms.
    India and the United States reviewed progress on an interim bilateral trade agreement, discussing market access, digital trade, supply chain resilience, non-tariff barriers and strategic-sector cooperation. The talks focused on pathways to conclude an interim arrangement before an approaching tariff deadline, with both sides describing the discussions as substantial but without confirming that outstanding issues had been resolved. The broader framework also contemplates reciprocal tariff adjustments if agreed tariffs change.
    June 24, 2026
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    Fixed deposit rate revision by Bandhan Bank offers higher returns for senior citizens and other depositors on select tenures.
    Bandhan Bank revised interest rates on select fixed deposits by up to 20 basis points, offering higher returns for senior citizens and other customers on specified tenures. The bank also continues to offer an interest rate on savings account balances above Rs 5 lakh and up to Rs 10 lakh. The revision comes amid broader changes in deposit offerings while the Reserve Bank of India kept the repo rate unchanged and maintained a neutral policy stance.
    June 24, 2026
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    India-U.S. Bilateral Trade Agreement talks advance with focus on market access, digital trade, supply chains, and interim deal pathways.
    India-U.S. Bilateral Trade Agreement negotiations advanced through consultations on enhanced market access, digital trade, supply chain resilience, reduction of non-tariff barriers, and expanded cooperation in strategic sectors. The discussions also focused on an interim agreement as a milestone toward a comprehensive Bilateral Trade Agreement, with both sides reaffirming support for a commercially meaningful framework that benefits businesses, farmers, workers, and consumers and strengthens bilateral trade and trusted supply chains.
    June 24, 2026
    Show AI Summary
    Bilateral Trade Agreement talks advance as India and the United States review market access, digital trade, and supply chain resilience.
    India and the United States reviewed progress in negotiations for an interim bilateral trade agreement and examined core elements of the proposed Bilateral Trade Agreement, including enhanced market access, digital trade, supply chain resilience, reduction of non-tariff barriers, and expanded cooperation in strategic sectors. The discussions were directed toward concluding an interim arrangement as a milestone toward a comprehensive pact, with both sides describing substantial progress and reaffirming a commitment to a balanced, commercially meaningful agreement.
    June 24, 2026
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    Monetary policy caution as RBI keeps neutral stance and says a rate hike is premature amid inflation risks.
    Reserve Bank of India policy remains in wait-and-watch mode, with the Governor saying it is premature to talk of a rate hike and that the monetary stance will stay data dependent. The central bank is monitoring West Asia developments, crude oil movements, fuel-led inflation pressures and the monsoon, while assessing possible second-round effects on the broader economy. The RBI has kept the policy repo rate unchanged at 5.25 per cent and retained a neutral stance amid risks to growth and inflation.
    June 24, 2026
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    Corporate law reform seeks to decriminalise minor procedural defaults, rationalise penalties, and streamline compliance for companies and LLPs.
    The Corporate Laws (Amendment) Bill, 2026 proposes amendments to the Limited Liability Partnership Act, 2008 and the Companies Act to support ease of doing business, modernise corporate governance, and improve the compliance framework for companies and LLPs. The proposed changes are directed at decriminalising minor procedural defaults, rationalising penalties, and shifting several minor lapses from criminal liability to monetary penalties, while streamlining regulatory processes and reducing litigation.
    June 24, 2026
    Show AI Summary
    Bilateral trade agreement talks focus on market access, digital trade, and easing non-tariff barriers.
    India and the US reviewed the core elements of the proposed bilateral trade agreement, including enhanced market access, digital trade, supply chain resilience, reduction of non-tariff barriers, and expanded cooperation in strategic sectors. The discussions also addressed pathways to conclude an interim agreement as an important step toward a comprehensive BTA. Both sides reaffirmed their commitment to an agreement that is balanced, commercially meaningful, and beneficial to businesses, farmers, workers, and consumers in both countries.
    June 24, 2026
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    NBFC consumer financing for camera purchases through EMI plans, partner stores, and pre-approved eligibility checks.
    Bajaj Finance Limited is described as an RBI-registered deposit-taking NBFC-Investment and Credit Company engaged in lending, acceptance of deposits, and financial services for retail, SME, and commercial customers. The note also refers to a consumer finance arrangement for Nikon camera purchases through partner stores and Bajaj Mall, with pre-approved eligibility checks, Easy EMI Loan or Insta EMI Card options, repayment tenures from 3 to 60 months, and zero down payment on select models.

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      Customs & Trade

      Following are the top foreign stories at 2000 hours

      June 19, 2026

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      FGN53 WASIA-HORMUZ-EXPLAINER

      Strait of Hormuz reopens: what it means for global energy security Dubai/New Delhi:The reopening of the Strait of Hormuz marks the end of nearly four months of disruption that sent crude oil prices soaring and heightened concerns over global energy supplies.

      FGN40 US-IRAN-TIMELINE

      US-Iran conflict: Timeline of key events Washington/Islamabad: As an agreement to restore peace in West Asia comes into effect and the Strait of Hormuz reopens, following the signing of a memorandum of understanding by US President Donald Trump and his Iranian counterpart Masoud Pezeshkian, we look into the timeline of the conflict.

      FGN44 US-IRAN-KEY PLAYERS

      Key players in US-Iran peace deal Dubai: As an agreement between the US and Iran aimed at restoring peace in West Asia comes into effect, we look at the key players shaping diplomacy on all sides.

      FGN38 UN-INDIA-PAK

      India calls Pakistan a ‘Frankenstein state' at UN; accuses it of supporting terrorism United Nations: India has slammed Pakistan at the United Nations, calling it a "Frankenstein state" that gets shocked when its "own monster bites back", as it accused Islamabad of "hosting, training and deploying" terrorists.

      FGN60 LANKA-IMPORTS

      Sri Lanka to closely monitor imports to prevent forex leakages Colombo: Sri Lanka will closely monitor imports under a new regulatory framework aimed at preventing foreign exchange leakages, Deputy Finance Minister Anil Jayantha Fernando said on Friday.

      FGN16 US-INDIA-BIGOTRY-LAWMAKER

      Congressman Krishnamoorthi flags incidents of anti-India hate in US Washington: Congressman Raja Krishnamoorthi has voiced concern on the increase in anti-India hate incidents in the US and urged Americans to stand against bigotry, prejudice and discrimination.

      FGN45 UK-INDIA-FTA-MISRI

      India-UK FTA more than just about trade: Foreign Secretary Vikram Misri Paris:The India-UK Free Trade Agreement (FTA) goes beyond just trade and technology to open many doors for the people in both countries, Foreign Secretary Vikram Misri has said.

      FGN17 US-IRAN-LD VANCE

      Vance delays Switzerland trip for talks with Iranian negotiators Washington: US Vice President JD Vance has put off his visit to Switzerland for talks with Iranian negotiators, with the White House citing logistical issues.

      FGN23 UN-GUTERRES-YOGA

      From its deep roots in ancient India, yoga has become truly universal: Guterres United Nations: Commemorating the International Day of Yoga, UN chief Antonio Guterres has said that from its deep roots in ancient India, yoga has become truly universal, helping millions of all faiths.

      FGN35 US-TRUMP-AIR FORCE ONE

      Trump takes final ride on old Air Force One plane, jet gifted by Qatar to join fleet Washington: President Donald Trump's return from a visit to France on board Air Force One marked the final journey of the Boeing 747-200B, which has been ferrying US presidents for the past 35 years.

      FGN11 PAK-SIKH-MURDER-ARREST

      Prime suspect arrested in Sikh couple murder case in Pakistan Peshawar: Police have arrested the prime suspect in the double murder case involving a Sikh caretaker couple who were shot dead inside a gurdwara in Pakistan's Khyber Pakhtunkhwa province, officials said.

      FGN48 PAK-KHAMENEI-FUNERAL

      Pak delegation to attend funeral of Ali Khamenei: PM Sharif Islamabad: A Pakistani delegation will attend the funeral of Iranian supreme leader Ayatollah Ali Khamenei, who was assassinated in the US-Israeli strikes in February, Prime Minister Shehbaz Sharif announced on Friday.

      FGN4 US-IRAN-REPUBLICANS

      Trump's Iran deal runs into Republican storm; Vance comes to defend Washington: US President Donald Trump’s deal with Iran to end the war faced strong pushback from fellow Republicans, who claimed that the pact did not prevent Tehran from enriching uranium and gave it a lot of money to fund its proxies.

      FGN62 US-3RDLD IRAN

      Talks between US, Iran called off because of fighting in Lebanon, officials say Jerusalem: Talks between the US and Iran were called off Friday after intense fighting between Israel and Hezbollah in southern Lebanon, officials said, raising questions about an initial agreement to end the war in Iran.(AP)

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