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    Maharashtra farm loan waiver roll out from July 5; no eligible tiller to miss out: Govt
    Tariff of 'Vanilla Solar' project in MP possibly lowest in world: Pralhad Joshi
    HDFC Bank board picks up ex-Finance Secretary Rajiv Kumar to steer bank
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    CPI(M) top leadership 'conspired' in attack on its officers, ED tells court
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    Amber Group eyes USD 2 bn revenue milestone soon; invests Rs 6,750 cr in UP projects
    Horticulture Minister flags off first export consignment of cherries and plums from Chandigarh to Oman
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    June 29, 2026
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    Farm loan waiver rollout begins with mandatory Agristack Farmer ID and assured coverage for eligible cultivators.
    Farm loan waiver benefits under the Maharashtra government's Punyashlok Ahilyadevi Holkar Shetkari Karjmukti Yojana are scheduled to begin disbursement from July 5, after the scheme's financial allocation is completed through supplementary demands and receives the required approval. The scheme provides loan waiver relief up to the prescribed ceiling, with the government assuring that no eligible agriculturist will be excluded from the benefit. The Agristack Farmer ID remains a mandatory eligibility requirement.
    June 29, 2026
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    Renewable energy expansion gains momentum as new solar parks and industrial projects support cleaner power and investment.
    Renewable energy development in Madhya Pradesh was highlighted through the inauguration of two solar power projects with a combined capacity of 950 MW, including a 500 MW solar park in Neemuch and a 450 MW solar park in Shajapur. The Neemuch Solar Park was described as a vanilla solar project, meaning a solar facility using only solar panels without battery storage, and its tariff was said to be possibly among the lowest globally for such projects. Officials stated that the Neemuch project would supply clean electricity to Indian Railways and the state grid.
    June 29, 2026
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    Banking governance and financial-sector reform shape Rajiv Kumar's appointment as HDFC Bank's new chairman
    HDFC Bank appointed Rajiv Kumar as an Independent Director for four years and, subject to Reserve Bank of India approval, as Part-time Chairman for three years. The accompanying profile credited him with banking-sector clean-up measures, including recognition and provisioning of non-performing assets, borrower accountability under the Insolvency and Bankruptcy Code framework, and the 4R strategy of Recognition, Resolution, Recapitalisation and Reforms. It also referred to action against shell companies, unregulated deposit schemes, illicit financial practices, strengthened oversight of cooperative banks, and technology-based risk controls for large exposures.
    June 29, 2026
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    Rupee weakness reflects geopolitical tensions, dollar strength, and shifting crude oil trends in the foreign exchange market.
    The rupee weakened against the US dollar after giving up early gains, with renewed geopolitical tensions reducing investor risk appetite and weighing on sentiment in the foreign exchange market. Traders said supportive crude oil prices and improved foreign inflows initially helped the currency, but broader dollar strength kept pressure on the exchange rate. Market commentary also noted that lower crude prices and easing inflation concerns could support the rupee at weaker levels.
    June 29, 2026
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    Flexible personal loan repayment tenure expands collateral-free borrowing with digital application and quick approval for eligible customers.
    Extended personal loan tenure offered by a non-banking financial company enables eligible borrowers to select a repayment period of 12 to 108 months for collateral-free borrowing. The loan is available for amounts ranging from Rs. 40,000 to Rs. 55 lakh, with interest rates stated to begin from 10% per annum and vary according to customer profile, eligibility, credit assessment, and other lending criteria. The facility is presented as a digital, collateral-free loan with minimal documentation, quick approval, and potential disbursal within 24 hours for eligible applicants.
    June 29, 2026
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    India-UK trade cooperation advances through CETA-focused business engagement, simpler compliance, and stronger investment partnerships.
    The India-UK Comprehensive Economic and Trade Agreement is presented as a framework for deepening bilateral trade and investment through sustained business engagement, with emphasis on long-term investment, technology partnerships, innovation, resilient supply chains and broader economic cooperation. Industry discussions highlighted the need for effective implementation of CETA by increasing awareness of the agreement, especially among MSMEs, and by simplifying regulatory procedures and certification requirements so businesses can better use the opportunities arising under the agreement. The business plenary also underscored strengthening industry-to-industry partnerships and facilitating greater talent mobility.
    June 29, 2026
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    Restricted import of firecrackers exposed through misdeclaration, cargo concealment, and clandestine removal from a container freight station.
    Restricted import of firecrackers under the Foreign Trade Policy requires valid licences from both the Directorate General of Foreign Trade and the Petroleum and Explosives Safety Organization. Enforcement operations detected mis-declared containers concealing Chinese-origin fireworks and firecrackers, as well as clandestine removal of contraband from a Container Freight Station without Customs authorisation. The smuggling activity involved cargo substitution, active connivance of CFS staff, seizure of substantial quantities, and arrests of multiple persons.
    June 29, 2026
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    Bilateral trade and investment cooperation expand as India leads business delegation to Greece for innovation partnerships.
    India is advancing bilateral trade, investment and industrial cooperation through a high-level business delegation visit to Greece following recent engagements in the United Kingdom. The programme includes startup presentations, roundtable discussions and business interactions to promote cross-border innovation partnerships, identify collaboration opportunities in infrastructure, digitalisation, defence, food and agriculture, and explore cooperation in advanced manufacturing and technology-driven sectors.
    June 29, 2026
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    Merger scheme approval for REC into PFC subject to shareholder, creditor, regulatory approvals and government control conditions.
    Board approval was given to a Scheme of Merger of REC into PFC under the Companies Act, 2013, subject to approvals from shareholders, creditors, and regulatory and governmental authorities. The Scheme is also conditional on the merged entity continuing as a Government Company and on the Government of India retaining majority voting rights and control. The valuation-based share exchange ratio provides for 88 equity shares of PFC for every 100 equity shares of REC.
    June 29, 2026
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    Rupee weakness against the US dollar reflects geopolitical tensions, dollar strength, and shifting crude oil trends.
    The rupee weakened against the US dollar after paring early gains, closing lower amid renewed geopolitical tensions and reduced investor risk appetite. Market sentiment was shaped by fresh military exchanges involving the US and Iran, a firm US dollar, and hawkish Federal Reserve expectations. Support came from lower crude oil prices, improving foreign inflows, and easing inflation concerns, while broader market indicators showed mixed conditions and higher forex reserves in the reporting week.
    June 29, 2026
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    Export promotion through buyer-seller meets is aimed at expanding market access and building export capacity for local producers.
    Export promotion through an international buyer-seller meet was highlighted as a means of strengthening outward trade by bringing foreign buyers to Jammu and Kashmir and connecting them with local artisans, exporters and prospective exporters. The initiative was also described as including training and assistance to help existing exporters expand and encourage non-exporters to start exporting, with the broader aim of market access, commercial linkage and export capacity-building.
    June 29, 2026
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    Criminal conspiracy allegations arise from an attack on ED officers during a search operation and related bail opposition.
    The Enforcement Directorate alleged that the attack on its officers and damage to vehicles after a search at a former Chief Minister's residence formed part of a criminal conspiracy linked to the top leadership of the CPI(M). It said the unlawful protest and violent assault occurred in the presence of senior party leaders, whose provocative language allegedly instigated supporters to escalate the demonstration into physical violence. The agency treated the episode as interference with the rule of law and filed its objection in opposition to a bail plea in the case arising from the incident.
    June 29, 2026
    Show AI Summary
    Export controls on dual-use goods tighten as China targets Japanese entities over alleged remilitarisation.
    China imposed new export controls on 40 Japanese entities, placing 20 on a control list that prohibits exports of China-made dual-use items and 20 more on a watch list subject to licensing, risk assessment and written assurances. The controls target entities said to be contributing to Japan's remilitarisation and apply to goods that may be used for both civilian and military purposes.
    June 29, 2026
    Show AI Summary
    AI governance certification under ISO/IEC 42001:2023 establishes audited controls for lifecycle risk, accountability, and deployment practices.
    Certification under ISO/IEC 42001:2023 requires an independent external audit and establishes auditable requirements for AI governance across the full lifecycle, including risk management, accountability structures, data practices, deployment controls, and incident response. The standard cannot be self-attested and is described as addressing enterprise, procurement, and vendor-risk expectations for AI systems used in regulated environments. The certified scope covers the organisation's AI practice for production-grade systems, extending its independently audited governance framework to AI operations.
    June 29, 2026
    Show AI Summary
    Free Trade Agreement drives deeper UK-India cooperation across investment, innovation, services and future industries.
    The UK-India Free Trade Agreement was presented as a major milestone in India's trade strategy and as the most comprehensive agreement India has entered into so far, with implementation expected to begin in July. The Agreement was described as a platform for deeper bilateral cooperation across goods, services, investment, innovation and future industries, and as part of a broader reset in UK-India relations aimed at reducing barriers and strengthening long-term economic engagement. The Forum emphasised the Agreement as the basis for a new phase of investment, innovation and strategic partnership.
    June 29, 2026
    Show AI Summary
    Money laundering probe over alleged CMRL-Exalogic transactions and suspected proceeds of crime under prevention law.
    Enforcement Directorate questioned the Joint Managing Director of CMRL in a money laundering probe concerning alleged financial transactions between CMRL and Exalogic Solutions Pvt Ltd, with allegations of payment without services and loans extended despite delayed repayment. The case proceeds under the Prevention of Money Laundering Act on the basis of a prosecution complaint filed by the Serious Fraud Investigation Office, following findings of the Income Tax Department and prior scrutiny of CMRL after a raid reportedly detected suspected irregularities.
    June 29, 2026
    Show AI Summary
    Rupee appreciation supported by easing crude prices, stronger foreign inflows, and rising forex reserves despite firm dollar pressure.
    The rupee appreciated in early trade on support from easing crude oil prices and improving foreign inflows, even as a firm US dollar and subdued risk appetite weighed on sentiment. India's foreign exchange reserves increased in the latest reported week, indicating a rebuilding of the Reserve Bank's buffer after earlier dollar sales. The broader market backdrop included a steady dollar index, higher Brent crude, domestic equity weakness, and net foreign institutional investment into equities.
    June 27, 2026
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    Electronics manufacturing expansion drives Amber Group's localisation and import substitution strategy through large Uttar Pradesh investments.
    Amber Group is expanding its manufacturing footprint in Uttar Pradesh through large-scale investments in electronics, consumer durables and allied component production. The proposed projects at YEIDA include a high-density interconnect printed circuit board and semiconductor substrate manufacturing unit through a 70:30 joint venture, together with an expanded air-conditioner and components complex, with funding to be executed in phases through internal accruals, debt, equity and foreign direct investment from Korea. The expansion is positioned as a backward-integration and localisation strategy, supported under the Centre's Electronics Component Manufacturing Scheme and incentives from the Uttar Pradesh government.
    June 27, 2026
    Show AI Summary
    Horticulture export expansion opens overseas market access for Himachal Pradesh stone fruits through air cargo shipment to Oman.
    First export consignment of cherries and plums was flagged off from Chandigarh to Oman by air cargo, marking an initial international market entry for Himachal Pradesh's stone fruits. The initiative was undertaken through collaboration between the Himachal Pradesh Horticultural Produce Marketing and Processing Corporation and the Agricultural and Processed Food Products Export Development Authority to support grading, packing, quality testing and related export arrangements for farmers.
    June 27, 2026
    Show AI Summary
    Money laundering and disproportionate assets: attached hotels and flats linked to alleged proceeds routed through companies.
    Provisional attachment of four hotels in Guwahati and two residential flats in Mumbai, valued at about Rs 53.28 crore, was made under the Prevention of Money Laundering Act in a money laundering case linked to alleged disproportionate assets against a retired IPS officer from Assam. The Enforcement Directorate stated that the officer and his wife were found to have assets worth about Rs 79 crore against disclosed income and expenditure of Rs 7.23 crore and Rs 9.04 crore respectively, and that the proceeds were routed through three companies, including Ishan Commercial.

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      Maharashtra govt tables Rs 97,706 cr supplementary demands; Rs 20,552 cr for farm loan waiver

      June 22, 2026

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      Mumbai, Jun 22 (PTI) The Maharashtra government on Monday tabled supplementary demands of Rs 97,706.40 crore, including Rs 20,552 crore for the farm loan waiver scheme, with a net additional burden of Rs 74,817.66 crore on the exchequer.

      Notably, the Opposition has been demanding a complete farm loan waiver with minimal technical conditions. NCP (SP) MLA Rohit Pawar protested earlier this month to press for removal of “stringent” conditions from the farm loan waiver scheme and demand a blanket loan waiver for farmers.

      Chief Minister Devendra Fadnavis tabled the demands in the assembly on the first day of the legislature's monsoon session on Monday.

      Of the total supplementary demands, Rs 13,825.71 crore has been sought for unavoidable expenditure, Rs 66,559.40 crore for programme-related spending, and Rs 17,321.29 crore against expenditure to be supported through funds available under centrally sponsored schemes.

      Despite the gross demands of Rs 97,706.40 crore, the actual financial burden will be Rs 74,817.66 crore due to adjustments and recoveries, an official note released by the government said.

      Among the largest allocations proposed is Rs 20,552 crore for the farm loan waiver scheme - Punyashlok Ahilyadevi Holkar Shetkari Karjmukti Yojana, 2026.

      A provision of Rs 10,007.10 crore has been made towards interest-free loans under the Centre's Special Assistance to States for Capital Investment scheme.

      Another Rs 8,000 crore has been earmarked for repayment of loans and interest liabilities of the Maharashtra State Electricity Distribution Company Ltd (MSEDCL).

      The government has proposed Rs 7,367.32 crore for the Viksit Bharat-Guarantee for Rozgar and Ajeevika Mission (Gramin) programme, comprising both central and state shares, and Rs 4,000 crore for payment of electricity bills of government offices through a unified billing system.

      A sum of Rs 3,076 crore has been sought for the AMRUT 2.0 mission (aimed at making cities water-secure and self-sustaining), while Rs 3,000 crore has been set aside for planning and execution of the Simhastha Kumbh Mela.

      The government has also sought Rs 2,722.42 crore towards electricity tariff subsidies for agricultural pumps, powerlooms, textile and industrial consumers and Rs 2,360.06 crore for scholarship schemes covering tuition and examination fees.

      A provision of Rs 2,000 crore has been made for beneficiaries under the Shravanbal Seva State Pension Scheme and Rs 1,874.38 crore for disabled and general category beneficiaries under the Sanjay Gandhi Niradhar Yojana.

      An allocation of Rs 1,734.92 crore has been proposed for honorarium and salaries of anganwadi workers, while Rs 1,100 crore has been earmarked for projects of the Vidarbha Irrigation Development Corporation.

      Other notable provisions include Rs 1,000 crore each for Swachh Maharashtra Abhiyan (Urban) 2.0 and equity contribution to the Maharashtra State Road Development Corporation for the Revas-Reddi coastal highway project.

      The supplementary demands also include Rs 942.50 crore for employment guarantee schemes, Rs 777 crore as equity contribution to district central cooperative banks, Rs 744.45 crore for the Mahatma Jyotirao Phule Jan Arogya Yojana and Rs 600 crore for the development and commercial complex plan around the Shri Vitthal-Rukmini temple precinct in Pandharpur.

      Department-wise, the highest supplementary allocation of Rs 22,015.42 crore has been proposed for the Cooperation, Marketing and Textiles Department, followed by the Urban Development Department with Rs 15,152.43 crore and the Industries, Energy, Labour and Mining Department with Rs 14,760.48 crore.

      The Finance Department has been allocated Rs 9,934 crore and the Planning Department Rs 9,539.03 crore.

      The Public Works Department is set to receive Rs 5,361.90 crore, while allocations of Rs 3,481.01 crore and Rs 3,061.26 crore have been proposed for the Social Justice and Special Assistance Department and Public Health Department, respectively, according to the government. PTI MR GK

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