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    ED case against 5 Bengaluru-based entities for 'unauthorised' cross-border crypto transactions
    Following are the top foreign stories at 2000 hours
    MPC opts for 'wait-and-watch' amid growth, inflation uncertainties: RBI minutes
    Reliance targets next growth wave through AI, satellite internet; Jio files for IPO
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    Sebi to reintroduce open market share buybacks via exchanges; eases intra-day borrowing rules for MFs
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    APEDA Facilitates First Export of Fresh Uttarakhand Litchi to Italy, Marking Entry into European Market
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    India-UK FTA more than just about trade: Foreign Secretary Vikram Misri
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    GeM Partners with Common Service Centre to Expand Access to Government Procurement Opportunities Across India
    Rupee rises 20 paise to 94.20 against US dollar in early trade
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    June 19, 2026
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    FEMA investigation over alleged unauthorised crypto-based cross-border transfers and RBI unauthorised payment services
    Enforcement Directorate initiated a FEMA investigation against five Bengaluru-based companies alleged to have used cryptocurrency and virtual digital assets for cross-border money transfers without authorisation from the RBI. The allegations concern online advertising of instant crypto-based conversion and transfer services, including buying, selling and swapping cryptocurrency for global remittances, and search operations at multiple premises in Karnataka. The probe also refers to alleged circumvention of FEMA regulations through OTC deals, shell entities and foreign-based crypto platforms, along with restraint orders on certain bank accounts.
    June 19, 2026
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    Foreign exchange controls tighten as Sri Lanka moves to closely monitor imports and curb leakages.
    Sri Lanka is introducing a new regulatory framework to closely monitor imports in order to prevent foreign exchange leakages. The measure is directed at tighter oversight of import activity and is intended to curb outflows of foreign currency through the trade channel. The stated focus is on enhanced monitoring and compliance control over imports as part of broader foreign exchange management.
    June 19, 2026
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    Monetary policy wait-and-watch approach prevails as inflation, growth and external shock uncertainties keep rates unchanged.
    The Monetary Policy Committee maintained the benchmark policy rate and neutral stance, adopting a wait-and-watch approach amid heightened uncertainty over inflation and growth. Members cited the West Asia conflict, supply-chain disruptions, monsoon variability, and possible energy and food price pressures as factors making near-term projections unstable. The neutral stance was described as preserving operational flexibility to respond to changing macroeconomic conditions.
    June 19, 2026
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    Artificial intelligence and digital expansion drive Reliance growth plans alongside Jio Platforms' proposed public listing.
    Reliance outlined growth plans across artificial intelligence, satellite broadband, clean energy, consumer businesses and exports, while Jio Platforms filed draft papers for a fresh issue of shares as part of a proposed initial public offering. The digital business is positioned for broader 5G expansion, enterprise technology services and overseas commercialisation, while the AI venture is intended to build infrastructure, platforms and services for consumers, enterprises and governments. The group also highlighted clean-energy investments, a shift from oil-to-chemicals toward chemicals and advanced materials, and further expansion in retail and manufacturing.
    June 19, 2026
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    Free AI certification platform offers QR-verified credentials through Claude AI, making AI skill recognition faster and more accessible.
    Aimanthan is a free AI certification platform that gives Indian learners a QR-verified certificate in minutes at zero cost, using Claude AI to generate unique questions, evaluate answers contextually, and issue a score, grade and level based on demonstrated knowledge. Each certificate carries a unique certificate number and QR verification code for live authentication, and the platform also offers AI-powered courses, an AI tutor, college partnership programmes and alignment with Skill India, Digital India and the IndiaAI Mission.
    June 19, 2026
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    Inflation vigilance and a wait-and-watch monetary stance shape the policy response amid uncertainty and price pressures.
    The Monetary Policy Committee minutes record a wait-and-watch approach to monetary policy amid heightened uncertainty over inflation and growth. The Governor supported maintaining the policy rate unchanged while retaining a neutral stance, citing risks arising from conflict-related disruption, supply-chain pressures, and the impact of monsoon conditions on energy, food, and other commodity prices. The minutes also stress the need to remain watchful about the generalisation of inflation in the coming months.
    June 19, 2026
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    Digital wallet limits spark user opposition as survey backs retaining or increasing caps and linking them to KYC levels.
    A public survey of digital wallet users showed broad opposition to reducing wallet storage and transaction limits proposed under the draft Master Direction on Prepaid Payment Instruments, 2026. Most respondents wanted limits retained or increased, while others supported limits linked to the level of KYC or authentication completed by the user. The survey linked lower limits with inconvenience in daily payments and questioned whether tighter caps would reduce fraud. The draft framework was also noted to include higher Full-KYC wallet balances, lower cash top-up limits, transfer caps, interoperability, immediate refunds, and stricter compliance requirements.
    June 19, 2026
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    Foreign exchange reserves decline as gold reserves fall, while foreign currency assets rise in RBI data.
    India's foreign exchange reserves declined during the reporting week, primarily because of a sharp fall in gold reserves, even though foreign currency assets increased. The RBI data showed that the overall reserves fell to USD 671.625 billion, while special drawing rights and India's reserve position with the IMF also recorded marginal declines.
    June 19, 2026
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    Open market share buybacks through exchanges gain a faster route, alongside eased fund borrowing and quicker AIF fundraising.
    Reintroduction of open market share buybacks through stock exchanges provides companies with an additional mechanism for undertaking buybacks and is intended to ensure equitable opportunity and tax treatment for public shareholders. The measure is accompanied by a faster execution timeline for such buybacks. Relaxation of intra-day borrowing norms for mutual funds eases borrowing constraints, while a green-channel mechanism for alternative investment funds permits fundraising to begin within 10 working days of filing placement memorandums.
    June 19, 2026
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    Banking fraud and stressed loan settlements draw scrutiny over alleged nexus among banks, asset reconstruction companies and borrowers.
    Concerns were raised over an alleged nexus between banks, asset reconstruction companies and borrowers in the settlement of stressed loans, with emphasis on misuse of public money and inadequate recovery efforts. A plea sought a probe into alleged banking frauds involving public sector banks, asset reconstruction companies and a Noida-based infrastructure firm, including diversion of loan funds through shell companies, non-existent vendors, undisclosed bank accounts and suspected fraudulent transactions.
    June 19, 2026
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    Agri-export promotion gains momentum as fresh Uttarakhand litchi enters the European market through coordinated value-chain support.
    APEDA facilitated the first export consignment of fresh Uttarakhand litchi from Dehradun to Italy, marking entry into the European market and demonstrating the export potential of Uttarakhand's horticulture sector. The shipment reflects the growing international acceptance of India's premium fresh fruits and the expanding presence of Himalayan produce in high-value overseas markets. The initiative highlights coordinated value-chain support, quality production practices and export-oriented horticulture, while indicating better price realisation for growers.
    June 19, 2026
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    Strait of Hormuz reopening eases global energy security risks and restores free passage for commercial vessels.
    The reopening of the Strait of Hormuz restores a critical global energy chokepoint after months of disruption that had restricted shipping, pushed up crude prices and raised concerns over energy security. The memorandum of understanding contemplates free passage of commercial vessels through the Strait for a limited period, with full normalisation expected after mines and other technical obstacles are cleared. It also contemplates talks with Oman and other regional actors on longer-term administration.
    June 19, 2026
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    Money laundering investigation leads to bank locker examination over alleged corporate transactions and proceeds of crime
    Enforcement Directorate action in a money laundering investigation extended to examination of a bank locker belonging to Veena T, daughter of former Kerala Chief Minister Pinarayi Vijayan, in her presence at an HDFC Bank branch. The inquiry relates to alleged transactions involving her now-defunct IT firm, Exalogic, and its purported links with Cochin Minerals and Rutile Ltd, including payments said to have been made without corresponding services and loans allegedly extended through another company connected with CMRL management.
    June 19, 2026
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    India-UK trade agreement enters into force as leaders link commerce, mobility and broader bilateral cooperation.
    The India-UK Comprehensive Economic and Trade Agreement is scheduled to enter into force on July 15, marking a significant development in bilateral economic relations. The agreement is described as extending beyond trade and technology to include mobility and wider people-to-people engagement, with an expected boost to annual bilateral trade and business expansion plans on both sides.
    June 19, 2026
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    Initial public offer structure for Jio Platforms set as a fresh issue with price discovery through book building.
    A proposed initial public offer of Jio Platforms is to be made by way of a fresh issue of up to 27 crore equity shares of face value of Rs 10 each. The Draft Red Herring Prospectus has been approved and is to be filed with the Securities and Exchange Board of India, BSE and the National Stock Exchange. The issue price will be determined through the book building process in accordance with SEBI regulations, subject to the required regulatory approvals.
    June 19, 2026
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    Autonomous financial decision-making gains traction as auditable AI agents handle routine regulated workflows with compliance and control.
    AI deployment in financial services is described as shifting from advisory support to autonomous decision-making through a platform that applies an institution's own guidelines, reaches end-to-end decisions, and escalates only matters requiring human judgment. The system is presented as producing decisions with full reasoning, policy cross-reference, and auditability, while remaining consistent, explainable, compliant, and defensible under audit in banking, insurance, and capital markets workflows.
    June 19, 2026
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    Tax relief and amnesty measures reshape Kerala's budget through arrear settlements, vehicle tax revisions and stamp duty concessions.
    Kerala's revised Budget introduced tax relief measures, amnesty schemes and vehicle tax revisions, including settlement of Flood Cess arrears, waiver of specified small pre-GST arrears, revised sales tax rates for low-strength alcoholic beverages, reduced tax for AITP buses, changes in electric vehicle road tax slabs, an e-challan amnesty scheme, and a one-time settlement for undervaluation and deficit stamp duty cases.
    June 19, 2026
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    Construction and building materials expo drives exports, supply chains, and Make in India engagement across global markets.
    Bharat Buildcon 2026 opened as a large industry exhibition for the building materials and construction sector, drawing more than 25,000 visitors on the first day along with participants from over 90 countries and more than 100 Indian cities. The exhibition was presented as a platform for strengthening supply chains, encouraging technology adoption, generating business opportunities, and promoting exports and foreign investment in the construction and building materials sector.
    June 19, 2026
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    Government e-marketplace access expands through last-mile seller facilitation, onboarding support, and catalogue listing through new partnership.
    Government e-marketplace access is being expanded through a strategic partnership between GeM and CSC-SPV aimed at strengthening last-mile facilitation for sellers, especially in rural and underserved regions. The collaboration extends support through the full onboarding chain up to catalogue listing, with assistance for Vendor Assessment, Brand Approval, and creation and publication of product and service catalogues. A pilot rollout of 50 GeM Suvidha Kendras will provide guidance, training, onboarding support, capacity building, and grievance redressal for a range of enterprises.
    June 19, 2026
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    Rupee appreciation gains support from India-US trade optimism, foreign inflows and softer crude prices.
    The rupee appreciated in early trade against the US dollar, supported by optimism over India-US trade negotiations, firm foreign inflows and softer crude oil prices. Market sentiment remained positive as traders tracked developments suggesting momentum in talks on a proposed trade pact and an improvement in external flows. The foreign exchange market also reflected expectations that the Reserve Bank of India may use incoming dollar inflows to rebuild foreign exchange reserves and gradually reduce its forward dollar book.

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      Farmers invited to join CJP stir as Jantar Mantar protest heads into third day

      June 21, 2026

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      New Delhi, Jun 21 (PTI) The Cockroach Janta Party (CJP) on Sunday invited farmer groups to join its demonstration over alleged examination irregularities and the NEET paper leak, with founder Abhijeet Dipke saying the protest at Delhi's Jantar Mantar will remain in place on Monday and is expected to draw larger participation.

      On the second day of the protest, Dipke sought support from farmer unions and reiterated the demand for Union Education Minister Dharmendra Pradhan's resignation.

      "The protest will continue tomorrow as well and the crowd is expected to increase as farmer unions have extended their support and will join us tomorrow," Dipke said, addressing the protest.

      He also alleged that Delhi Police personnel are seeking Aadhaar card details and addresses of people donating water and bananas to protesters at the site.

      "The Delhi Police is asking for Aadhaar card details and the addresses of people who are donating water and bananas at the protest site. What has the Delhi Police been reduced to by this government?" he said.

      Responding to the allegation, a senior police officer said security deployment would remain at the protest venue and authorities are closely monitoring the situation.

      "Deployment will continue at the Jantar Mantar protest site. We have all details about the protesters and no one will be allowed to breach law and order," the officer said.

      The officer added that the Aadhaar details of the protesters could be verified if required.

      Appealing to the farming community, Dipke said students had stood with farmers during their movements and now, they expect similar solidarity in return.

      "I appeal to farmers across India to come and stand with students at Jantar Mantar," he said, adding that students had supported farmers when they were fighting for their rights.

      By Sunday evening, hundreds of people had gathered at the protest site. Many supporters clapped, played daflis and sang "Mera Rang De Basanti Chola" while participating in the demonstration.

      In a series of posts on X, the CJP said, "We will not leave until Pradhan resigns and if government thinks exhaustion will end this movement, it is mistaken. This protest will only grow bigger." The CJP founder also appealed to the public to reach Jantar Mantar and asked NEET re-examination candidates to join the protest after completing their test.

      "We are holding the fort but without your support this movement won't be successful," he said.

      The protest had begun on Saturday afternoon under heavy police deployment, CCTV surveillance, barricades and the presence of security personnel equipped with body cameras.

      While police repeatedly announced on Saturday evening that the gathering had permission only till 5 pm and asked the protesters to vacate the site, Dipke and several supporters remained there through the night.

      The overnight sit-in continued on Sunday, with the protesters raising slogans demanding Pradhan's resignation and accountability over the alleged NEET paper leak.

      Earlier in the day, Dipke appealed to police not to stop people from reaching Jantar Mantar, saying the protesters are seeking justice for students affected by the examination controversy.

      He also requested authorities to restore water supply to public restrooms at the protest site, claiming that there is no water since Saturday night.

      The protesters had earlier alleged that lights were switched off and access to water, food and washrooms was restricted.

      They later said drinking-water access was restored and the lights were switched back on.

      Dipke said the protest will remain peaceful and reiterated his appeal for dialogue with the Centre, adding that talks can take place if accountability is fixed and the education minister resigns.

      Hundreds of supporters, mostly youngsters, gathered at Jantar Mantar on Saturday after Dipke's call to bring "thali and chammach", with the participants banging plates and spoons while raising slogans.

      Dipke has also demanded a compensation of Rs 1 crore each for the families of the students who allegedly committed suicide following the paper leak and cancellation of the medical-entrance examination.

      "If there are arrests, I will be the first to court arrest," he had told protesters.

      Climate activist Sonam Wangchuk, who joined the protest on Saturday, announced that he will go on a hunger strike on June 27 if Pradhan does not step down.

      This is the second protest organised by the CJP at Jantar Mantar over alleged paper leaks and demands for accountability from the government. PTI AO SHB BM SGV RC

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