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    FAQs on Index of Services Production – Trial Indices with Base year 2024 -25
    Provide shadow reversal in 5 days for credit card frauds: RBI to banks
    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
    Rajesh Exports failed to produce records related to foreign transactions: ED
    India, US review trade pact progress as tariff deadline nears; no clarity on interim deal
    Bandhan Bank raises FD rates by up to 20 basis points
    Ambassador Jamieson Greer Leads U.S. Delegation to India for Bilateral Trade Agreement Talks
    India, US conclude two-day trade talks; review core elements of bilateral pact
    RBI in wait and watch mode; premature to discuss rate hike: Guv Malhotra
    Finance ministry, NFRA officials brief Par panel on corporate laws amendment bill
    India, US review core elements of bilateral trade agreement
    83x Zoom, Full-frame Sensors, and 6K RAW Video: Four Nikon Cameras for Indian Buyers in 2026
    India, US conclude two-day trade talks
    HP's Bilaspur identifies turmeric, garlic as key products for shipments under export hubs initiative
    Your Complete Guide to Getting an Instant Gold Loan in India
    National Traders’ Welfare Board Holds 10th Meeting in Hybrid Mode, Strengthening Digital Governance and Stakeholder Participation
    'Very, very close' to historic trade deal with India: senior US official
    Telangana demands Centre to meet state's full fertiliser requirement for kharif season
    ED raids Rajesh Exports; flags multiple financial transactions
    India, US hold high-level trade talks as two nations rework deal amid tariff changes
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    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.
    Official visit to the United Kingdom to advance preparations for the India-UK CETA and Double Contribution Convention, including a bilateral meeting to align regulatory roadmaps, streamline cross-border customs coordination and finalise administrative mechanisms. The discussions cover tariff liberalisation, market access for Indian exports, operationalisation of the Double Contribution Convention for eligible temporary workers, and mutual market access commitments in key services sectors, alongside Government-to-Business engagements to strengthen trade, investment and industrial collaboration.
    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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    Bilateral trade agreement talks advance as India and the United States weigh market access, tariffs and digital trade terms.
    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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    Fixed deposit rate revision by Bandhan Bank offers higher returns for senior citizens and other depositors on select tenures.
    Bandhan Bank revised interest rates on select fixed deposits by up to 20 basis points, offering higher returns for senior citizens and other customers on specified tenures. The bank also continues to offer an interest rate on savings account balances above Rs 5 lakh and up to Rs 10 lakh. The revision comes amid broader changes in deposit offerings while the Reserve Bank of India kept the repo rate unchanged and maintained a neutral policy stance.
    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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    Bilateral Trade Agreement talks advance as India and the United States review market access, digital trade, and supply chain resilience.
    India and the United States reviewed progress in negotiations for an interim bilateral trade agreement and examined core elements of the proposed Bilateral Trade Agreement, including enhanced market access, digital trade, supply chain resilience, reduction of non-tariff barriers, and expanded cooperation in strategic sectors. The discussions were directed toward concluding an interim arrangement as a milestone toward a comprehensive pact, with both sides describing substantial progress and reaffirming a commitment to a balanced, commercially meaningful agreement.
    June 24, 2026
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    Monetary policy caution as RBI keeps neutral stance and says a rate hike is premature amid inflation risks.
    Reserve Bank of India policy remains in wait-and-watch mode, with the Governor saying it is premature to talk of a rate hike and that the monetary stance will stay data dependent. The central bank is monitoring West Asia developments, crude oil movements, fuel-led inflation pressures and the monsoon, while assessing possible second-round effects on the broader economy. The RBI has kept the policy repo rate unchanged at 5.25 per cent and retained a neutral stance amid risks to growth and inflation.
    June 24, 2026
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    Corporate law reform seeks to decriminalise minor procedural defaults, rationalise penalties, and streamline compliance for companies and LLPs.
    The Corporate Laws (Amendment) Bill, 2026 proposes amendments to the Limited Liability Partnership Act, 2008 and the Companies Act to support ease of doing business, modernise corporate governance, and improve the compliance framework for companies and LLPs. The proposed changes are directed at decriminalising minor procedural defaults, rationalising penalties, and shifting several minor lapses from criminal liability to monetary penalties, while streamlining regulatory processes and reducing litigation.
    June 24, 2026
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    Bilateral trade agreement talks focus on market access, digital trade, and easing non-tariff barriers.
    India and the US reviewed the core elements of the proposed bilateral trade agreement, including enhanced market access, digital trade, supply chain resilience, reduction of non-tariff barriers, and expanded cooperation in strategic sectors. The discussions also addressed pathways to conclude an interim agreement as an important step toward a comprehensive BTA. Both sides reaffirmed their commitment to an agreement that is balanced, commercially meaningful, and beneficial to businesses, farmers, workers, and consumers in both countries.
    June 24, 2026
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    NBFC consumer financing for camera purchases through EMI plans, partner stores, and pre-approved eligibility checks.
    Bajaj Finance Limited is described as an RBI-registered deposit-taking NBFC-Investment and Credit Company engaged in lending, acceptance of deposits, and financial services for retail, SME, and commercial customers. The note also refers to a consumer finance arrangement for Nikon camera purchases through partner stores and Bajaj Mall, with pre-approved eligibility checks, Easy EMI Loan or Insta EMI Card options, repayment tenures from 3 to 60 months, and zero down payment on select models.
    June 24, 2026
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    Bilateral trade agreement talks advance as India and the United States review progress and seek to deepen economic partnership.
    India and the United States concluded ministerial-level talks on the proposed first phase of the bilateral trade agreement, reviewing progress in ongoing trade negotiations and exploring avenues to deepen economic partnership. The talks were conducted within a time-sensitive schedule, with both sides seeking to finalise the first phase before the expiry of temporary tariffs imposed by the United States.
    June 24, 2026
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    Districts as Export Hubs initiative identifies turmeric and garlic as key export products, highlighting value addition and export promotion.
    Turmeric and garlic were identified as the district's key export products under the Districts as Export Hubs initiative after review of export potential, agro-climatic suitability and market prospects. The District Export Promotion Committee considered the District Export Action Plan under the Foreign Trade Policy 2023 and noted that processing, packaging, branding and marketing could support value addition, improve farmers' income and expand export opportunities for local producers.
    June 24, 2026
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    Gold loan valuation and eligibility rules shape secured borrowing against pledged jewellery, coins, and ornaments.
    Gold loans are secured loans against pledged gold jewellery, ornaments or coins, with the loan amount determined by the gold's weight, purity, prevailing rate and the lender's loan-to-value ratio. Eligibility is described as simple, with Indian citizens aged 21 to 80 able to apply, while gold of 18 to 22 karat purity, and gold coins up to 24 karat purity, is accepted. Valuation excludes decorative elements and uses the lower of the previous day's closing price and the 30-day average closing price from the relevant market source.
    June 24, 2026
    Show AI Summary
    Digital governance and trader welfare drive stakeholder participation, trade facilitation, export promotion and compliance simplification discussions.
    The National Traders' Welfare Board held its 10th meeting in hybrid mode to strengthen stakeholder participation, digital governance and trader welfare measures. The Board reviewed trade facilitation initiatives, including the Rajasthan Trade Promotion Policy and DigiDukaan, and discussed issues such as GST rationalisation, compliance simplification, export promotion, logistics, digital commerce, access to credit, social security, licensing, dispute resolution and Centre-State coordination.
    June 24, 2026
    Show AI Summary
    Bilateral trade negotiations near an interim pact as tariff changes reshape market access, tariff concessions, and trade commitments.
    Bilateral trade negotiations between India and the United States were reported to be nearing an interim trade pact aimed at reciprocal and mutually beneficial market access, with both sides seeking to conclude the first phase of the Bilateral Trade Agreement. The framework was affected by the temporary 10 per cent tariff imposed under Section 122 of the Trade Act and by a court ruling that altered the earlier tariff landscape, prompting both sides to revisit tariff reductions, market-access concessions, and related commitments. The article also noted wider trade engagement, including Section 301 investigations, energy cooperation, and proposed Indian purchases of United States goods.
    June 23, 2026
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    Fertiliser supply and MSP procurement demands shape Telangana's appeal for full seasonal support and better farm returns.
    Telangana sought adequate fertiliser supplies for the kharif season, saying demand for DAP and urea had risen and asking the Centre to bridge the gap between quota and actual supply so the state receives its full requirement. The state also urged removal of the 25 per cent procurement limit for pulses and oilseeds at minimum support price, MSP procurement for maize and sorghum, and a higher import duty on crude palm oil to protect oil palm farmers from falling domestic prices.
    June 23, 2026
    Show AI Summary
    Foreign exchange law scrutiny over alleged benami share transactions, suspicious gold imports, and undeclared overseas investments.
    Foreign exchange law scrutiny was initiated through searches at multiple premises linked to a gold refining and jewellery manufacturing company on the basis of suspected contraventions under FEMA. The enquiry concerns alleged multiple transactions in the company's shares through benamidars, possible siphoning of foreign exchange out of the country, a reported mismatch between declared and recorded gold inventory, and the use of purportedly fictitious gold imports and suspicious deliveries to set off trade receivables and payables. The investigation also extends to alleged investments in African gold mines that were not reflected in the books of subsidiary companies, and to dealings with foreign entities described as dubious in character.
    June 23, 2026
    Show AI Summary
    Bilateral trade agreement talks advance as India and the United States recalibrate tariff commitments and market access terms.
    India and the United States held high-level trade talks to recalibrate a proposed bilateral trade agreement after changes in US tariff policy altered the earlier negotiating framework. The discussions focused on securing preferential tariff treatment, preserving market access, and giving final shape to the first phase of the Bilateral Trade Agreement, while addressing uncertainty created by the temporary tariff regime and its expiry timeline.

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      Customs & Trade

      India''s Textile Export Opportunity Creates Strong Growth Runway for Welspun Living

      June 25, 2026

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      Mumbai, Maharashtra, India --- Business Wire India India’s textile sector is entering a favourable phase, driven by global supply chain diversification, improving demand visibility and stronger sourcing activity. As global retailers look to reduce dependence on China and increasingly consolidate sourcing with large, compliant and scaled partners, India is well positioned to gain share in global textile and apparel trade, according to a recent report by Motilal Oswal.

      The report identifies home textiles as one of India’s strongest export segments and highlights premiumisation, value-added products, sustainability-led sourcing and brand penetration as key long-term growth drivers. As one of the world’s leading home textile manufacturers, the company benefits from its integrated manufacturing capabilities, diversified product portfolio and longstanding relationships with global retailers.

      With India accounting for only ~4–5% of global textile & apparel trade, the sector offers significant headroom for market share gains. The report also notes that recent trade agreements, including the India-UK FTA and the India-EU trade deal, are expected to further strengthen India’s competitiveness as a preferred sourcing destination.

      Welspun Living’s continued investments in innovation, sustainability, brands and emerging businesses place the company in a strong position to capitalise on these opportunities.

      Dipali Goenka, MD and CEO, Welspun Living Limited, said, “This recognition by Motilal Oswal validates the strategic choices we have made over the years - building scale, deepening customer partnerships, investing in innovation and sustainability, and diversifying into high-growth categories. India is at a genuine inflection point in global textile sourcing, and Welspun Living is well-positioned to be a disproportionate beneficiary of this structural shift. We remain committed to accelerating growth, expanding margins, and creating long-term value for all our stakeholders.” About Welspun Living Ltd Welspun Living Ltd (WLL), part of $5 Bn Welspun Group, is a global leader in Home textiles. With a distribution network in more than 50 countries and world class manufacturing facilities in India and US. Welspun is strategic partners with top global retailers. WLL is driven by its differentiation strategy based on Branding, Innovation and Sustainability.

      (Disclaimer: The above press release comes to you under an arrangement with Business Wire India and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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