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    International MSME Day: IFQM Calls for a National Quality Mission to Embed India's MSMEs into Global Value Chains
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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Reserve Bank of India has released draft Guidance on Regulatory Principles for Model Risk Management for public comments.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.
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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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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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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
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June 24, 2026
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June 24, 2026
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June 24, 2026
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Customs, DGFT & SEZ

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

June 24, 2026

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Shri Goyal will hold a high-level bilateral meeting with Rt. Hon. Peter Kyle, Secretary of State for Business and Trade, Government of the United Kingdom.

Shri Piyush Goyal to Address India Global Forum, Lead G2B Engagements During UK Visit

Shri Piyush Goyal to Lead Asia House Roundtable with Global Investors and Industry Leaders in London

Union Minister of Commerce and Industry, Government of India, Shri Piyush Goyal, will undertake an official visit to London, United Kingdom, from 25 to 27 June 2026. The visit comes ahead of the entry into force of the landmark India-UK Comprehensive Economic and Trade Agreement (CETA) and the companion Double Contribution Convention (DCC) on 15 July 2026.

During the visit, Shri Goyal will hold a high-level bilateral meeting with the Rt. Hon. Peter Kyle, Secretary of State for Business and Trade, Government of the United Kingdom. The engagement marks an important step towards the operationalisation of the agreements and the strengthening of the economic partnership between the two countries.

The bilateral discussions will focus on aligning regulatory roadmaps, streamlining cross-border customs coordination and finalising administrative mechanisms to facilitate the smooth implementation of CETA and the DCC. The Ministers will review preparedness for the implementation of CETA's tariff liberalisation commitments, which will provide enhanced market access opportunities for Indian exports in the United Kingdom. Discussions will also cover the operational roadmap for the Double Contribution Convention, which is expected to establish a streamlined mechanism to address dual social security contribution requirements for eligible temporary workers, thereby supporting greater mobility of professionals and businesses.

The two sides will further discuss the operationalisation of mutual market access commitments across key services sectors and review measures aimed at strengthening bilateral trade and investment ties. The engagement reflects India's continued efforts under the Viksit Bharat vision to expand global economic opportunities while safeguarding domestic economic interests and promoting a transparent, rules-based framework for bilateral commerce.

As part of the visit, Shri Goyal will participate in a series of Government-to-Business (G2B) engagements with industry leaders, investors and corporate representatives to further strengthen commercial partnerships between India and the United Kingdom.

The Minister will address the opening plenary session of the India Global Forum (IGF), where he will speak on the theme, "Capital, Innovation and the UK-India Moment." The session will focus on emerging opportunities for global businesses in the context of the forthcoming implementation of the India-UK CETA.

Shri Goyal will also hold standalone interactions with senior executives of leading global companies, including HSBC (Global Trade Solutions) and Rolls-Royce, to discuss strategic investments, industrial collaboration and the expansion of manufacturing partnerships in India.

The Minister will participate in a business plenary session and interactive luncheon hosted by the UK-India Business Council (UKIBC). The engagement will bring together C-suite executives and representatives from leading multinational companies, including Tata, TCS, HSBC, Prudential, De Beers and Baker McKenzie, to discuss opportunities for trade, investment and business collaboration under the India-UK economic partnership.

To deepen engagement with institutional investors and global industry leaders, Shri Goyal will lead an exclusive roundtable discussion hosted by Asia House. Senior executives from leading international financial and industrial institutions, including J.P. Morgan, Standard Chartered, Lloyds, Morgan Stanley and Arup, will participate in discussions on India's industrial competitiveness, investment landscape and integration with global supply chains.

The trade and investment programme will conclude with a dedicated interaction with the visiting Indian industry delegation, alongside engagements with representatives of the British-Indian business community and global education groups such as GEDU.

The visit underscores India's commitment to engaging with global businesses and investors and is expected to contribute to the shared objective of expanding India-UK economic cooperation and advancing the target of achieving USD 120 billion in bilateral trade by 2030.

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