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    CCI approves proposed combination involving acquisition of PGIM India Asset Management and PGIM India Trustees by TVS Emerald Ltd. and TVS Venu Manage...
    CCI approves the proposed combination involving inter-alia subscription to certain CCPS and acquisition of certain equity share capital of Romsons Gro...
    'Minimal space' for new programmes, says CM Vijay-led TN govt
    PRESS RELEASE ON NEW SERIES OF WHOLESALE PRICE INDEX, AND PRODUCER PRICE INDICES WITH BASE YEAR 2022-23
    ED searches at 17 locations in corporate insolvency process case
    NIA Special Public Prosecutor Advocate Gautam Khazanchi Engages Galgotias Law Students on Bail Jurisprudence, Constitutional Safeguards and PMLA
    HIGHLIGHTS
    Iran war is a 'wake-up call' for Southeast Asia's energy sector, report says
    Kerala: ED questions CMRL MD''s wife, son in money laundering probe
    KYCKART Marks Five Years as Government Funded and Licensed Verification Infrastructure for Indian BFSI
    SC seeks responses of Centre, States on plea for use of Aadhaar as identity proof only
    China Shock 2.0: Surging Chinese exports threaten Europe's economy, raising concern at G7 summit
    Rupee rises 5 paise to 94.53 against US dollar in early trade
    Govt hikes windfall tax on diesel, ATF exports
    ED interrogates TMC MP Abhishek for over 11 hours in primary school jobs scam case
    Electricity tariffs in Chhattisgarh hiked by 6.23 per cent, Congress calls it 'loot'
    India's engineering exports jump 24 pc to USD 12.31bn in May: EEPC
    Homebuyers 'fraud' case: ED attaches fresh assets worth Rs 503 crore of Raheja Developers
    Gujarat govt unveils new industrial policy, targets Rs 10 lakh crore investment over 5 years
    Rupee rises 60 paise to settle at 94.58 against US dollar
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    June 17, 2026
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    Proposed combination approval for acquisition of asset management and trustees businesses by TVS entities.
    Approval of a proposed combination involving acquisition of 100% of the issued, subscribed and paid-up share capital of PGIM India Asset Management Private Limited and PGIM India Trustees Private Limited by TVS Emerald Limited and TVS Venu Management and Consultancy Services Private Limited. TVS Emerald Limited is engaged in real estate development in India, while TVS Venu Management and Consultancy Services Private Limited presently has no business activities. The target entities are engaged in wealth management, including mutual funds, portfolio management services, alternative investment funds and investment advisory services.
    June 17, 2026
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    Competition clearance for acquisition and CCPS subscription in Romsons Group under a proposed internal restructuring.
    Competition Commission of India clearance was granted for a proposed combination involving internal restructuring of the Romsons Group and the subscription to compulsorily convertible preference shares together with acquisition of equity share capital in Romsons Group Private Limited by Jongsong Investments Pte. Ltd. The acquirer is an investment holding company and an indirect wholly owned subsidiary of Temasek Holdings Private Limited. The target is engaged in the manufacture and sale of medical devices and personal care and hygiene products.
    June 16, 2026
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    Fiscal space for new programmes remains minimal as Tamil Nadu's White Paper flags higher deficits, borrowing constraints, and understated liabilities.
    Tamil Nadu's White Paper on state finances says there is only minimal fiscal space for new programmes because projected deficits remain high, borrowing is constrained, and committed expenditure is understated. It notes over-projected tax revenue, omitted recurring liabilities, and limited borrowing headroom, leading to a much larger expected revenue deficit and fiscal deficit than budgeted. The paper also highlights worsening debt, interest burden, revenue weakness, and the need for sustained revenue mobilisation, expenditure control, debt management, and clean governance.
    June 16, 2026
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    Wholesale Price Index revision with base year 2022-23 expands coverage, updates methodology, and introduces new producer price indices.
    Wholesale Price Index and Producer Price Indices are being revised with base year 2022-23, replacing the existing WPI series with base year 2011-12. The revised framework introduces a larger commodity basket, updated grouping of energy items, revised weight derivation using Gross Value of Output for WPI, short-term formulation for elementary indices, and targeted mean imputation for missing prices. Output PPI, trial Input PPI, and Service PPIs are also introduced, with monthly, experimental, and quarterly release schedules, respectively, and back-series data made available on the official portal.
    June 16, 2026
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    Corporate insolvency resolution process scrutiny deepens amid alleged circular transactions, fraudulent asset transfers, and voting-rights violations.
    Enforcement Directorate searches were conducted at 17 locations in Maharashtra and Delhi in a money laundering investigation linked to alleged irregularities in a corporate insolvency resolution process. The probe concerns an allegedly fraudulent loan and other loans, and is aimed at gathering material on circular transactions, fraudulent takeover of stressed assets, under-valuation of auctioned assets, inflated and fraudulent claims, violation of creditor voting rights, and lack of transparency in the insolvency resolution process.
    June 16, 2026
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    Bail jurisprudence and Article 22 safeguards shaped a detailed discussion on PMLA, economic offences, and criminal litigation complexity.
    Bail jurisprudence in criminal cases was discussed with emphasis on the constitutional balance between personal liberty and the interests of justice. The lecture explained the constitutional foundations governing bail, the evolution of judicial interpretation through precedent, and the principles considered by courts while granting or refusing bail in criminal proceedings. It also covered Article 22 safeguards, including protections relating to arrest, detention, legal representation, and procedural rights, and focused on the Prevention of Money Laundering Act, the Enforcement Directorate, stringent bail conditions, and the practical challenges of financial crime litigation.
    June 16, 2026
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    Aadhaar identity use questioned over alleged misuse as proof of citizenship, domicile and residential address.
    A plea has challenged the alleged misuse of Aadhaar cards as proof of citizenship, domicile and residential address, seeking directions to limit their use strictly to identity verification. The matter concerns the permissible legal scope of Aadhaar-based identification and the need to prevent its use for purposes not authorised by the governing framework.
    June 16, 2026
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    Energy diversification becomes urgent as Southeast Asia confronts import dependence, price shocks and cleaner power transition pressures.
    Southeast Asia's energy sector is exposed to supply and price shocks because of heavy reliance on imported oil and gas through the Strait of Hormuz. The report urges diversification of energy sources and supply routes, reduced dependence on imported fossil fuels, improved grid efficiency and greater investment in renewable energy, while noting rising rooftop solar use, electric vehicle sales and renewed interest in nuclear power.
    June 16, 2026
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    Money laundering probe over alleged sham payments and loans linked to CMRL, Exalogic, and family-associated companies.
    Enforcement Directorate questioning continued in a money laundering probe concerning transactions between CMRL, Exalogic Solutions Private Limited, and entities linked to the Kartha family. The investigation concerns alleged payments by CMRL to Exalogic without corresponding services and loans extended by Empower India Capital Investments Private Limited to Exalogic despite alleged repayment defaults. The agency has stated that these transactions generated proceeds of crime, and the case has been registered under the Prevention of Money Laundering Act on the basis of a prosecution complaint filed by the Serious Fraud Investigation Office.
    June 16, 2026
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    BFSI digital verification infrastructure expands with licensed compliance tools, real-time fraud analytics and privacy-focused regulated deployment.
    Integrated digital verification and fraud analytics platform for the BFSI sector scaled into a government and regulatory licensed compliance infrastructure serving banks, NBFCs, insurers and fintechs through a single API. The platform supports Digital Onboarding, Fraud Intelligence and Collections Intelligence using real-time verification, source-authenticated data and timestamped audit trails, with compliance-grade deployment in regulated environments. Its licensed expansion includes RBI Innovation Hub Data Service Provider status, Aadhaar Offline Verification Seeking Entity capability and Unified Logistics Interface Platform licensing, alongside privacy- and security-focused compliance under the Digital Personal Data Protection Act and its rules.
    June 16, 2026
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    Aadhaar identity proof limits sought amid concerns over misuse for citizenship, address and voter enrolment
    Restriction on the use of Aadhaar as an identity document was sought on the ground that it is being treated as proof of citizenship, domicile, residential address and date of birth despite the statutory and regulatory position that Aadhaar is only proof of identity. The plea asserted that misuse of Aadhaar for school admission, property transactions and issuance of other documents, as well as in voter registration forms, undermines the intended scope of Aadhaar and permits inclusion of persons without adequate supporting documents in official records.
    June 16, 2026
    Show AI Summary
    China's export surge threatens European industry as leaders weigh higher tariffs and broader action against overcapacity.
    China's export surge is shifting away from the United States tariff wall toward Europe and other open markets, raising concern that a new wave of import competition could disrupt advanced economies. European leaders are considering a stronger tariff response and broader coordination to address the trade threat, while the article links the pressure to China's dominance in world trade, its higher-value exports, and policies that encourage overproduction and suppress domestic consumption.
    June 16, 2026
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    Rupee strengthens as falling crude prices and easing Middle East tensions improve near-term currency sentiment.
    The rupee strengthened in early trade as sharp declines in crude oil prices and easing Middle East tensions improved sentiment for the domestic currency. Traders said reduced pressure on global energy supplies, supportive foreign inflows, gains in domestic equities and a narrowing merchandise trade deficit all backed the near-term outlook for the rupee.
    June 15, 2026
    Show AI Summary
    Windfall gains tax on petroleum exports is revised to curb export incentives and protect domestic fuel availability.
    Windfall gains tax on exports of petroleum products has been revised for the fortnight beginning 16 June 2026, with the special additional excise duty on diesel exports increased and the duty on aviation turbine fuel exports also raised. The levy on petrol exports remains unchanged, and the existing duty rates on petrol and diesel cleared for domestic consumption are unchanged. The stated purpose of the windfall tax is to support domestic availability of petroleum products by discouraging exports when international crude prices and geopolitical conditions create a price advantage for exporters.
    June 15, 2026
    Show AI Summary
    Money laundering probe over teacher recruitment irregularities focuses on fund trail, layered transactions, and intermediary entities.
    Enforcement Directorate questioned a Trinamool Congress MP for over 11 hours in a money laundering probe linked to alleged irregularities in primary teacher recruitment. The agency focused on the money trail, financial documents, digital records, bank records and communication data to identify who handled the funds, how they moved through accounts and entities, and whether the transactions were layered to conceal their origin. The examination also covered intermediaries, beneficiary entities and inconsistencies between earlier submissions and recovered materials.
    June 15, 2026
    Show AI Summary
    Electricity tariff revision retains consumer concessions while raising rates across categories and adjusting rebates and surcharge terms.
    Electricity tariffs in Chhattisgarh were revised upward by an average of 6.23 per cent across consumer categories from 1 July 2026, with the regulator stating that the revised tariff was approved to meet the estimated revenue requirement for the year. Several concessional and protective measures were continued for women's self-help groups, hospitals, tribal regions, agricultural pump connections, and other specified consumer classes, while the advance payment rebate and delayed payment surcharge were also revised.
    June 15, 2026
    Show AI Summary
    Engineering exports growth reflects resilience, trade facilitation and product diversification amid external market disruptions.
    India's engineering goods exports showed strong growth in May 2026 and during April-May 2026-27, despite trade disruptions linked to the West Asia conflict. The sector's resilience was attributed to adaptability, government support and trade facilitation measures, while continued momentum was said to require focus on market conditions and product diversification.
    June 15, 2026
    Show AI Summary
    Money-laundering probe over homebuyer fraud leads to provisional attachment of developer and promoter properties.
    Provisional attachment under the Prevention of Money Laundering Act was issued in a money-laundering investigation concerning alleged fraud against homebuyers by a real estate developer and its promoter. The attachment covered immovable properties of the company, the promoter, and family members, following multiple FIRs based on complaints by homebuyers. The investigation concerned funds collected from homebuyers for residential projects and alleged diversion of those funds to purposes other than development and completion of the promised projects.
    June 15, 2026
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    Industrial policy incentives drive manufacturing, innovation, start-up support and green growth under Gujarat's five-year development roadmap.
    Gujarat's new industrial policy sets a five-year roadmap to attract investment, strengthen advanced manufacturing and innovation, and support inclusive industrial growth through differentiated incentives. It provides a flexible incentive framework for MSMEs, large projects, thrust sectors, start-ups and R&D centres, while also encouraging industrial relocation, green production and infrastructure support for housing, skill centres and modern industrial parks.
    June 15, 2026
    Show AI Summary
    Rupee gains on lower crude prices and weaker dollar as improved global risk sentiment supports the currency.
    The rupee strengthened against the US dollar amid improved global risk sentiment following a reported US-Iran deal, a sharp fall in Brent crude prices, a weaker dollar and lower US Treasury yields. Market participants linked the currency move to reduced oil-import pressure, easing inflation concerns and a revival in domestic equity markets.

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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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