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June 21, 2026
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Prevention of Money Laundering Act attachment targets alleged illegal iron ore mining proceeds routed through offshore entities and assets.
Provisional attachment under the Prevention of Money Laundering Act was issued in an alleged illegal iron ore mining case involving the Salgaocar Groups and associates in Goa. The attachment covered immovable properties in India and Singapore, along with equity shares in connected entities, on the basis that the assets were linked to proceeds generated from alleged unlawful mining, sale and export of iron ore. The alleged laundering route involved layering through BVI and Singapore-based special purpose vehicles, acquisition of overseas assets, and partial routing of funds back into India as share capital.
June 21, 2026
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Crude supply diversification drives India's higher Russian and UAE oil purchases as Hormuz flows slowly normalise.
India increased crude oil purchases from Russia and the United Arab Emirates in June as refiners sought to secure supplies ahead of the fuller restoration of traffic through the Strait of Hormuz. Russian crude remained the largest source of supply, supported by competitive discounts and steady refinery demand, while India also raised purchases from Atlantic Basin and Venezuelan sources to diversify amid disruption to Gulf flows. The reopening of the Strait of Hormuz is expected to normalise energy shipments in stages, with LPG recovering first, followed by LNG and crude oil.
June 21, 2026
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Economic conditions in India to be examined amid global uncertainty, with focus on growth, inflation, employment, and trade.
Parliamentary financial oversight has added evolving economic conditions in India as a subject for detailed examination for the year 2025-26. The proposed study is directed to assess the country's economic position in light of global uncertainty, geopolitical tensions, tariff-related pressures, supply chain disruptions, and commodity price fluctuations, with particular attention to growth, inflation, employment, investment trends, fiscal management, banking developments, trade, and the impact of external developments on domestic conditions.
June 20, 2026
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Petrol and diesel price stability highlighted amid global crude volatility, with excise duty cuts and inventory costs absorbing pressure.
Petrol and diesel prices in India have remained relatively stable despite volatility in global crude oil markets, with excise duty reductions said to have absorbed the burden of price swings. The minister said oil marketing companies are facing losses on higher-cost crude inventories, but fuel prices could soften when lower-priced crude reaches refiners. The address also highlighted Sonbhadra's development ranking, Uttar Pradesh's economic growth, startup expansion and tourism-driven activity in Ayodhya, Kashi and Prayagraj.
June 20, 2026
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Money laundering asset auction: attached Heera Group properties sold for investor restitution under judicial supervision.
The Enforcement Directorate auctioned 23 immovable assets earlier attached under the Prevention of Money Laundering Act as properties derived from the proceeds of crime in the Heera Group money-laundering investigation. The auction was conducted through MSTC pursuant to directions of the Supreme Court, and the proceeds are to be used for restitution and repayment of genuine investors under judicial supervision.
June 20, 2026
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Fuel pricing stability remains despite crude volatility as excise duty cuts and inventory effects cushion consumers.
Petrol and diesel prices in India have not materially increased despite volatility in global crude oil markets, with the government saying excise duty reductions absorbed much of the pressure. The statement says oil marketing companies have faced losses without passing the full burden to consumers, and that fuel prices may soften when lower-priced crude reaches refiners. It also highlights India's economic growth, Sonbhadra's development progress, and Uttar Pradesh's expansion in industry, employment and tourism-linked infrastructure.
June 20, 2026
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Logistics ecosystem collaboration drives India's trade facilitation agenda at the India Logistics Conclave 2026.
The Brihanmumbai Custom Brokers' Association hosted the second edition of the India Logistics Conclave 2026 in Mumbai, bringing together more than 550 delegates, government leaders and industry participants from the customs, ports, shipping, trade and logistics sectors. The conclave featured sessions on the roadmap for India's long-term development, the digital backbone of customs and trade, geopolitics and trade, and policy and infrastructure for a futuristic logistics ecosystem.
June 20, 2026
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Wealth banking expansion drives HSBC India's new Surat branch, strengthening services for affluent and non-resident clients.
HSBC India opened a new branch in Surat, Gujarat, to strengthen its presence in an emerging wealth and industrial centre and expand services for affluent, HNW, UHNW and non-resident Indian customers. The launch forms part of the bank's broader wealth strategy in India and follows Reserve Bank of India approval in 2025 to open additional branches in key cities. HSBC India said the branch is intended to support a growing customer base in emerging wealth hubs and its continued branch network expansion across India.
June 20, 2026
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Sector-diversified placement strategy strengthens recruiter confidence and broadens student opportunities across multiple industries.
DBS Global University reported a placement season driven by a sector-diversified recruitment strategy intended to reduce dependence on any single industry amid broader hiring slowdowns, especially in IT and banking. The placement team expanded relationships across core and emerging sectors, using placement intelligence, alumni networks and a curriculum aligned to industry needs to maintain recruitment momentum across a wider employer base. Placements were described across IT, FMCG, cement, home construction, retail, edtech, logistics, banking, consulting, NBFC, insurance, ecommerce and manufacturing, with roles in leadership, supply chain management, operations and brand management.
June 20, 2026
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Enforcement Directorate searches and seizure proceedings in a TASMAC-linked money-laundering probe faced challenge over their legality.
Challenge to the legality of Enforcement Directorate searches and seizure proceedings at a businessman's residence in a money-laundering probe linked to TASMAC. The plea sought quashing of searches conducted on multiple dates, but the High Court had declined to examine their validity at that stage. The Supreme Court upheld that approach and did not entertain the challenge to the searches.
June 20, 2026
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Luxury rug selection in India favors handmade craftsmanship, bespoke customization, and durable natural materials for homes and hotels.
Luxury rug and carpet selection in India is presented as a matter of craftsmanship, material quality, customization, and project suitability, with handmade and hand-knotted products positioned as superior to machine-made alternatives for durability, design flexibility, sustainability, and long-term value. The guide identifies The Ambiente as the leading luxury rug brand, emphasizing bespoke handmade rugs from Bhadohi, strong customization, premium materials, and suitability for homes, villas, hotels, and corporate spaces.
June 20, 2026
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Monetary policy status quo amid energy shocks, with repo rate unchanged and neutral stance retained as inflation risks build.
The Monetary Policy Committee reviewed global and domestic macroeconomic conditions amid prolonged West Asia conflict, elevated energy prices, supply-chain disruptions, and weather-related risks. It unanimously kept the policy repo rate unchanged at 5.25 per cent and retained the neutral stance, while the standing deposit facility rate, marginal standing facility rate, and Bank Rate remained unchanged. The minutes project real GDP growth at 6.6 per cent for 2026-27 and CPI inflation at 5.1 per cent, with continued vigilance on energy pass-through, food prices, and inflation expectations.
June 20, 2026
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Building materials trade and export linkages gain momentum as Bharat Buildcon 2026 connects global buyers and manufacturers.
Bharat Buildcon 2026 highlighted the expansion of India's building materials and construction sector through a large-scale exhibition, business networking platform and industry conference programme bringing together domestic and international buyers, manufacturers, policymakers and trade stakeholders. The event featured buyer-seller meetings, product showcases and knowledge-sharing sessions aimed at strengthening export linkages, market access and business collaboration across categories such as ceramics, tiles, sanitaryware, bathware, hardware, plywood, laminates, paints, construction chemicals, machinery and building technologies. The exhibition also underscored policy and infrastructure themes linked to water conservation, sustainable infrastructure development, real estate growth, industrial expansion and urbanisation. Discussions referenced government-led development initiatives and the broader role of manufacturing, logistics, hospitality, transportation and services in supporting industry growth.
June 20, 2026
Show AI Summary
Trade expansion and non-tariff barrier review shape India-Uzbekistan cooperation across sectors, digital systems and logistics.
India and Uzbekistan agreed to deepen bilateral trade, address non-tariff barriers and work towards doubling trade over the next three years through the India-Uzbekistan Intergovernmental Commission on Trade, Economic, Scientific and Technological Cooperation. The parties discussed expansion of Indian exports across multiple sectors, priority cooperation in pharmaceuticals and agriculture, and wider collaboration in ICT, digital infrastructure, customs data exchange, payment systems, energy and critical minerals. Non-tariff barriers, logistics connectivity and business engagement were identified as key areas for review and implementation.
June 20, 2026
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Anti-money laundering leadership strengthens as India assumes FATF Vice-Presidency for the first time.
India has assumed the Vice-Presidency of the Financial Action Task Force for the first time, with Shri Vivek Aggarwal appointed for the term July 2026 to June 2027. The Vice-President is elected by the FATF Plenary and assists the President in steering the organisation's work. The appointment places an Indian official in a key role within the global standard-setting body for anti-money laundering and counter-terrorist financing.
June 20, 2026
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Audit quality and financial reporting standards drive NFRA-ICAI workshop focus on professional capacity and global competitiveness.
NFRA, in collaboration with ICAI, organised a workshop in Pune to enhance professional capacity for audit practitioners, strengthen audit quality and improve the quality of financial reporting. The programme focused on the role of the accountancy profession in safeguarding public interest and maintaining trust in financial reporting, while urging audit firms, including small and medium practitioners, to align with contemporary global standards and continuously improve competence.
June 20, 2026
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MSME-led trade expansion drives Uttar Pradesh's BRICS exports, with industrial support schemes linking artisans, youth and global markets.
Uttar Pradesh reported expanding trade links with BRICS member and partner countries, with exports of machinery, garments, leather, carpets and precious stones crossing USD 5.36 billion in 2025-26. The state also highlighted the MSME sector as a driver of employment and growth, along with the One District One Product scheme, Vishwakarma Shram Samman Yojana, youth entrepreneurship support through interest-free, guarantee-free loans, and MSME parks under the PLEDGE scheme.
June 19, 2026
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NCLT asset takeover follows declaration of illegal entity, with property vested and encroachment warned against.
NCLT has taken over the assets and properties of the Sirajul Uloom Welfare Foundation after it was declared an illegal entity, with all properties vested in the National Company Law Tribunal, Chandigarh. The order warns that interference with, encroachment upon, or trespass over the properties would violate the tribunal's directions and attract action under the relevant legal provisions.
June 19, 2026
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Fresh litchi export facilitation boosts Uttarakhand growers and opens European market access through coordinated export support.
Facilitation of the first-ever export consignment of fresh litchis from Uttarakhand to Italy marked the State's entry into the European market. The inaugural shipment of one metric tonne of Dehradun litchi was dispatched from Dehradun, with the export covering varieties such as Rose Scented, Calcuttia and Bedana cultivated in the Dehradun, Haridwar, Nainital and Udham Singh Nagar districts. The export initiative provided a financial boost to local growers, with farmers reportedly securing prices nearly 25 per cent higher than prevailing domestic market rates.
June 19, 2026
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Regulatory and market updates include buyback reforms, IPO approvals, RBI caution on rates, and food safety notices.
Employment incentives were disbursed under Pradhan Mantri Viksit Bharat Rozgar Yojana, with support extended for new jobs and the employment count under the scheme reported as having crossed 70 lakh. Sebi approved the reintroduction of share buybacks through stock exchanges, allowed open-market repurchases from August 1, and capped the execution period at 66 working days. The RBI Monetary Policy Committee maintained a wait-and-watch stance on interest rates amid uncertainty over inflation and growth. Food safety notices, forex reserve data and market updates were also reported.

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Day 3 of CJP sit-in at Jantar Mantar: Dipke steps up attack over NEET row; protesters stay put

June 22, 2026

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New Delhi, Jun 22 (PTI) The Cockroach Janta Party (CJP) continued its sit-in protest at Delhi's Jantar Mantar for the third consecutive day on Monday, with founder Abhijeet Dipke stepping up his attack on the Centre over alleged examination irregularities and the NEET paper-leak controversy, as the protesters vowed to carry on their agitation until Education Minister Dharmendra Pradhan resigns.

The protest, which began on Saturday afternoon, continued through Sunday, with supporters staying at the venue amid police deployment. Dipke said on Monday that despite it being a working day, the protest site remained crowded and asserted that the demonstration would continue through the night.

"Day 3 at Jantar Mantar! Despite it being Monday, Jantar Mantar is full. The protest will continue tonight as well. We are not going to leave until Dharmendra Pradhan resigns," he said in a post on X, sharing pictures from the protest site.

Candles were lit at the venue in memory of students who allegedly died by suicide following the paper-leak controversy. Earlier, Dipke had alleged that police were not allowing candles at the protest site, but the activity was permitted later.

Addressing the protesters, Dipke questioned the response given to the students who were not allowed to take the NEET re-test after they reached the examination centres late by a few minutes, saying authorities are "punishing students", while failing to act against those allegedly involved in the paper leak.

"You cannot tolerate four minutes of delay, but how can we tolerate the continuation of the education minister after the deaths of students?" he asked.

Dipke said Pradhan's resignation is the "bare minimum" and claimed that accountability is missing from the education system. He said students have undergone trauma after preparing again for an examination that was cancelled following allegations of irregularities.

Some NEET aspirants who appeared for the re-test on Sunday also joined the protest and shared their experiences.

A student from Bihar who participated in the demonstration said, "Mentally, I am not in a good space as we had to prepare for and give the exam again. After the exam, you tend to relax, but they leaked the paper and cancelled the NEET." Students at the protest demanded accountability from Pradhan and reforms in the examination system. Dipke also appealed to people to join the agitation and urged Prime Minister Narendra Modi to meet NEET aspirants at Jantar Mantar, saying they want to share their experiences directly with him.

He questioned allegations that the protest is an attempt to provoke young people, saying raising students' concerns cannot be considered provocation. He also criticised political leaders over issues of accountability and said focus should remain on education and student-related issues.

Dipke had on Monday alleged that police were preventing students from joining the protest by asking for their Aadhaar cards. The Delhi Police, however, denied the claim, saying it was "factually incorrect" and that the force neither conducted Aadhaar checks nor collected Aadhaar or address details from people at Jantar Mantar.

Members of Left student unions and youth organisations, including the SFI, AISA, AISF and KYS, also participated in the protest. The AISF has set up a free library at the protest site as part of its "Fight for Education with Education" initiative.

The library, created with nearly 100 books contributed by students, supporters and parents from their personal collections, has become a feature of the protest site. Protesters were seen browsing books on subjects, such as history, law, anthropology, biographies and civil rights.

AISF member Devang Aniket said the initiative reflects the nature of the protest. "As part of our Fight for Education with Education initiative, we have set up a library at the protest site. It shows how different this protest is from other protests," he said.

Protesters said literacy and awareness are important tools to challenge what they described as a flawed education system.

Alongside slogans and speeches, several personal stories emerged from the protest site. Three friends from Uttarakhand travelled to Delhi to join the agitation and said they had not informed their parents about their plan.

"We told our parents that we were going to Delhi for an interview. We stood for hours in the general compartment of a train to reach here. We plan to stay until the protest ends," said 24-year-old Manpreet Singh.

Saurabh from Vrindavan in Uttar Pradesh, who had participated in the earlier phase of the agitation on June 6, returned to Delhi again on June 20. He said he initially expected the protest to last only a day and arrived unprepared.

"I thought the protest would last only a day, so I came unprepared. I ended up wearing the same T-shirt for two days before someone at the site gave me a fresh one," he said.

Saurabh said he has been volunteering at the protest site by helping distribute food and water among demonstrators and would remain there until their demands are met.

Among those present was 35-year-old Babita Anjali from Odisha, who is battling liver cancer. She attended the protest with her 13-year-old son and medical equipment.

"I am a mother and I cannot begin to imagine the pain that the parents of the students who died by suicide must have gone through. I have come here for my own child. Every student in this country is like my own child," she said.

The demonstration continued under security arrangements, with police personnel deployed and barricades placed around the protest area.

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 SGV COR RC

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