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    Domestic financial system remains resilient despite external shocks, says RBI report
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June 30, 2026
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Financial system resilience strengthened by capital buffers, improving asset quality, and stress-tested banking stability amid AI cyber threats.
Domestic financial system remains resilient, supported by strong bank and non-bank balance sheets, with scheduled commercial banks described as safe and sound and stress tests showing capital ratios above regulatory thresholds even under adverse scenarios. Non-banking financial companies are also financially sound, while AI-enabled cyberattacks are identified as the most important near-term cyber threat.
June 30, 2026
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GST appeal filing deadline extended for tribunal appeals after portal pressure and stakeholder representations.
The Government has extended the due date for filing appeals before the Goods and Services Tax Appellate Tribunal under Section 112(1) read with Section 112(3) to 31.07.2026. An earlier notification had fixed 30.06.2026 as the last date for such filings. The extension was issued in response to representations from stakeholders pointing to technical difficulties caused by a surge in filings on the GSTAT portal.
June 30, 2026
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CBDT chairmanship tenure extension on contract basis under re-employment terms and relaxed recruitment rules.
The Union government extended the tenure of the CBDT Chairman, Ravi Agrawal, by six months on a contract basis from 01.07.2026 or until further orders, whichever is earlier. The extension is on the terms and conditions applicable to re-employed central government officers, in relaxation of the Recruitment Rules, for his continued service as Chairman of the Central Board of Direct Taxes.
June 30, 2026
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INR-settled crypto derivatives trading stands out with low fees, tax treatment differences, and beginner-friendly platform features.
Delta Exchange India is presented as an INR-focused crypto trading platform designed to simplify futures, options, and tracker trading through low fees, full rupee settlement, and features for beginners and advanced traders. The platform integrates with UPI and IMPS, offers a demo account, strategy builder, basket orders, API access, and an algo marketplace, while operating in line with Indian regulations and using security measures such as two-factor authentication and multi-signature wallets. It also states that INR-settled derivatives are treated differently from direct crypto purchases under Indian tax rules and are not subject to the 1% TDS or 30% flat tax applied to direct crypto transactions.
June 30, 2026
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Rice export incentives aim to open overseas markets, support quality-compliant industries, and improve returns for farmers and millers.
Telangana is considering incentives and a dedicated policy framework to boost rice exports and help rice producers access overseas markets. Government support would extend to industries meeting export quality standards, including speedy approvals and necessary clearances, along with support for value-added rice products to improve returns for farmers and rice millers.
June 30, 2026
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GSTAT appeal filing deadline extended to July 31 amid portal congestion and technical difficulties for taxpayers.
The government extended the due date for filing appeals before the Goods and Services Tax Appellate Tribunal (GSTAT) to July 31, 2026, after stakeholders reported technical difficulties caused by heavy traffic on the GSTAT portal. Taxpayers were advised to file well in advance rather than wait until the deadline, to reduce the risk of portal congestion and technical disruption during the transition to the newly operational tribunal framework.
June 30, 2026
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IPO subscription and expansion strategy drive research analysts' Subscribe view for Aastha Spintex amid textile sector growth.
Aastha Spintex Limited has opened a fresh public issue for subscription, with the proposed listing of its shares subject to completion of the issue process and regulatory approvals. The issue proceeds are stated to be earmarked mainly for acquisition of Falcon Yarns, working capital needs, and general corporate purposes. SEBI-registered research analysts have covered the issue and assigned a Subscribe view for investors with a medium- to long-term horizon, citing expansion plans, improving financial performance, operational efficiencies, and exposure to the textile sector.
June 30, 2026
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Manufacturing growth in China gains pace as AI hardware exports lift factory activity and external demand remains key.
China's manufacturing sector expanded in June as the purchasing managers' index moved above the neutral threshold, supported by stronger new orders, production and robust exports driven by demand for artificial intelligence hardware. The report said external demand remained the main engine of growth, while domestic consumption stayed sluggish amid continued caution after the property sector downturn.
June 30, 2026
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Indian food exports gain global showcase as the India Pavilion highlights premium products, mangoes and basmati at Summer Fancy Food 2026.
India's largest-ever participation at North America's Summer Fancy Food Show 2026 was showcased through the inauguration of the India Pavilion, jointly presented by APEDA and ITPO. The pavilion brought together Indian food brands, exporters and innovators across categories including basmati rice, spices, ready-to-eat foods, beverages, organic products, frozen foods, snacks and value-added agricultural products, reflecting rising global demand for Indian food products and the strength of India's processed food sector.
June 30, 2026
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Seafood skill development advances through MPEDA's National Seafood Skill Olympiad and value-added export training programmes.
MPEDA will organise the second National Seafood Skill Olympiad during Seafood Expo Bharat 2026 to promote innovation, quality standards, skill recognition and value addition in marine exports. As preparation, MPEDA conducted 50 nationwide Seafood Value Addition Training Programmes for more than 2,500 workers and professionals, followed by preliminary, State-Level and Regional Skill Olympiads to shortlist finalists for the national finale. Seafood Expo Bharat 2026 will also provide a platform for business meetings, technical sessions and industry exchange across the seafood value chain.
June 30, 2026
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Infrastructure financing commitment expands NIIF support to attract institutional capital and fund strategic national projects.
Additional Government commitment of investment capital to the National Investment and Infrastructure Fund has been approved to expand infrastructure financing and attract institutional participation into nationally important sectors. The commitment supports a second infrastructure-focused fund, successor fund strategies and wider investment deployment across transportation, energy, digital infrastructure, urban infrastructure and e-mobility, with the broader aim of catalysing private capital and strengthening public-private partnership frameworks.
June 29, 2026
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Bank board appointment and governance profile highlight strengthened banking oversight, depositor protection, and credit discipline measures.
HDFC Bank approved the appointment of former Finance Secretary Rajiv Kumar as an Independent Director for four years from 30 June 2026 and, subject to Reserve Bank of India approval, as Part-time Chairman for three years with remuneration to be determined from the date approved by the central bank. The bank also recorded that he is not related to any other director or key managerial personnel. His profile further noted banking clean-up measures, NPA recognition and provisioning, action against shell companies and unregulated deposit schemes, and strengthened monitoring of large exposures and fraud risks.
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.

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Customs, DGFT & SEZ

APEDA Successfully Concludes First Cohort of BHARATI Programme to Accelerate Innovation-Led Growth in Agri-Food Exports

June 25, 2026

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100 Startups from 22 States and 2 Union Territories Complete Export-Focused Acceleration Programme

The Agricultural and Processed Food Products Export Development Authority (APEDA), under the Ministry of Commerce & Industry, Government of India, has successfully concluded the first cohort of BHARATI (Bharat's Hub for Agritech, Resilience, Advancement and Incubation for Export Innovation), its flagship export enablement and acceleration programme aimed at fostering innovation-led growth in India's agri-food export sector. Beyond supporting stakeholders, BHARATI seeks to cultivate a dynamic ecosystem aligned with India's target of achieving exports worth USD 50 billion in APEDA-scheduled products by 2030.

The programme was launched to identify, nurture and support high-potential startups developing innovative products, technologies and solutions that can enhance India's agricultural and processed food exports. The initiative aims to strengthen the country's agri-food export ecosystem by promoting entrepreneurship, innovation, value addition, technology adoption and global market readiness.

The inaugural cohort comprised 100 startups from 22 States and 2 Union Territories, selected through a rigorous multi-stage evaluation process from over 700 applications received from across the country. The cohort included 68 agri-food product startups, 26 export-enabling technology and service providers, and six innovators working in the areas of sanitary and phytosanitary (SPS) measures, traceability, quality assurance and compliance solutions.

Reflecting the diversity and vibrancy of India's innovation ecosystem, the cohort featured entrepreneurs ranging in age from 17 to 75 years. Their participation highlights the growing adoption of innovation and technology-driven solutions across the agri-food export value chain.

The participating startups underwent a structured 120-hour export-focused acceleration programme covering export preparedness, market access, business scaling, regulatory compliance, packaging, branding and investor readiness. The programme also provided one-to-one mentorship, masterclasses by industry experts and opportunities to engage with stakeholders from government institutions, industry bodies, financial institutions, exporters and investors. These interactions enabled startups to explore commercial partnerships, strengthen market linkages and enhance their export readiness.

As part of its international market exposure initiative, APEDA facilitated the participation of the top eight BHARATI startups at Gulfood 2026 in Dubai, one of the world's largest food and beverage trade exhibitions. The event provided direct access to global buyers and enabled high-value B2B engagements with international trade stakeholders. More than 100 B2B meetings were held between startups and international traders and importers, and product samples were showcased to prospective buyers.

Chairman, APEDA, Shri Abhishek Dev, IAS, said that the BHARATI Programme reflects APEDA's commitment to building a future-ready export ecosystem driven by innovation, entrepreneurship and global competitiveness. He noted that the enthusiastic response from startups across the country demonstrates the growing strength of India's agri-food innovation ecosystem. He further stated that the initiative aims to create a strong pipeline of export-ready enterprises capable of contributing to the growth of India's agricultural and processed food exports.

The successful completion of the first cohort marks an important milestone in APEDA's efforts to integrate innovation and entrepreneurship into the country's export growth strategy. The initiative is expected to support the emergence of globally competitive startups while creating new opportunities for value addition, market diversification and sustainable export growth.

Within three months of the commencement of the programme, startups supported under the BHARATI initiative have demonstrated significant progress in advancing innovation-led agri-export solutions. Two agri-tech startups collaborated to export approximately 37 MT of GI-tagged Jardalu mangoes to Dubai, while another startup achieved the first-ever sea shipment of nutraceutical-based and botanically infused ready-to-cook millet functional food products to Auckland, New Zealand, using millet sourced from Karnataka-based Farmer Producer Organisations (FPOs).

A Madhya Pradesh-based startup dealing in organic products, including pulses, millets and heritage grains, signed a Memorandum of Understanding (MoU) with a leading supermarket chain in the UAE for an export consignment. An agri-tech startup offering fruit bagging solutions, mango orchard management services and post-harvest tools collaborated with an APEDA-registered exporter to ship approximately 5 MT of mangoes to Singapore during the current season.

A Maharashtra-based Farmer Producer Company (FPC) exported approximately 850 kg of GI-tagged fig juice and jamun-based juice to the United States and the United Kingdom and subsequently received a repeat order of approximately 1.25 MT from the same markets. In another significant achievement, a Karnataka-based startup supported by a network of more than 1,600 farmers across 12 States exported 40 MT of organic products, including pulses, heritage grains and GI-tagged native rice varieties such as Indrayani, along with 5 MT of value-added products to the UAE and European Union markets, with projected exports exceeding 40 MT to the United States, European Union and UAE markets over the next one to two months.

In addition, a Kerala-based startup has received an order for millet-based products from Oman. Negotiations are underway for several other startups involving products such as makhana for the Dubai market and ready-to-eat and ready-to-cook products for the Japanese and Cameroonian markets, among others. Furthermore, a Madhya Pradesh-based startup has expanded its domestic market presence through quick-commerce and e-commerce platforms, along with a retail footprint spanning 100 stores across multiple States in India.

The successful outcomes achieved by startups under the BHARATI initiative underscore the programme's role in accelerating export-oriented innovation and strengthening India's agri-food export ecosystem. Building on the success of the inaugural cohort, APEDA will soon launch the next edition of the BHARATI Programme to further expand support for startups developing innovative solutions for the agri-food export sector. APEDA remains confident that the initiative will continue to create new opportunities for innovation, value addition and sustainable growth while contributing to the long-term expansion and diversification of India's agricultural and processed food exports.

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