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July 9, 2026
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Arbitration training and institutional dispute resolution take centre stage in IICA's expanded certified program.
The second batch of the Certified Arbitration Program was inaugurated as a flagship initiative aimed at building globally benchmarked arbitration professionals and strengthening institutional arbitration in India. The programme stresses enforceable arbitral awards, fairness of process, a code of conduct and sector-specific expertise as core elements of a robust arbitration ecosystem. It also reflects wider efforts to promote alternative dispute resolution, specialised training and practical arbitration skills through expanded module-based content and workshop-focused learning.
July 9, 2026
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Forced labour-linked tariff proposals face Indian criticism over inconsistent exemptions and arbitrary sourcing conditions
Forced labour-linked tariff proposals under the US trade framework drew Indian criticism for inconsistency, because the proposed approach was said to exempt a large number of items that cannot be produced or grown in the United States while still targeting imports linked to alleged forced labour concerns. India argued that such exemptions dilute the stated policy rationale of addressing forced labour in global supply chains and may not meaningfully prevent circumvention practices. India also objected to the textile-related tariff mechanism, stating that reduced tariff treatment based on the use of US-origin cotton and related inputs operates as an arbitrary sourcing requirement for foreign manufacturers.
July 8, 2026
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Fisheries value chain strengthening drives Odisha's export potential through collaboration, processing modernisation and species diversification.
Strengthening of fisheries value chain and export capacity in Odisha was emphasised through closer collaboration among fishers, fish farmers, exporters and cooperatives, along with coordinated action by the Centre, the State, research institutions, financial institutions and sector stakeholders. The focus was on harnessing the State's untapped export potential by improving production linkages, post-harvest systems and sector-wide organisation. Attention was given to capacity building, modernisation of processing facilities, diversification of fish species and fisheries products, and expansion of deep-sea and brackish water fishing to support higher exports, greater value addition and improved fisher incomes.
July 8, 2026
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Ease of Doing Business reforms propose time-bound approvals, simpler compliance and faster refunds to improve investor-friendly regulation.
A draft Ease of Doing Business law proposes time-bound approvals, deemed approvals, self-certification, third-party verification, risk-based inspections and removal of duplicate licensing requirements to reduce procedural hurdles and create a more investor-friendly regulatory environment. The cabinet also approved related industrial investment, payment security and tax reforms, including GST simplification, faster refunds and abolition of the redundant Commercial Tax Tribunal.
July 8, 2026
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Coal levy probe deepens as Ramgopal Agrawal is detained for questioning in linked corruption cases.
Congress leader Ramgopal Agrawal was detained by the Chhattisgarh Economic Offences Wing for questioning in the alleged coal levy matter and was also to be interrogated in connection with liquor and rice custom milling-linked cases. The agency said the action was based on documents, digital evidence, a seized diary and other records, and claimed that the diary contained entries of payments made in the name of "Congress Bhavan".
July 8, 2026
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Anti-money laundering action freezes party bank accounts amid alleged funds misappropriation investigation
Enforcement action under the Prevention of Money Laundering Act resulted in the freezing of three bank accounts of a political party containing substantial deposits, after searches in an alleged funds misappropriation matter. The action reflects use of the anti-money laundering framework to secure bank deposits linked to the investigation.
July 8, 2026
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Prevention of Money Laundering Act freezing of political party bank accounts follows alleged fund routing through related entities.
Freezing of bank deposits under the Prevention of Money Laundering Act arose from an ED investigation into alleged misappropriation and routing of funds through political party bank accounts and related entities. The agency stated that three bank accounts were frozen under Section 17(1A) because the deposits could not practicably be seized and needed to be secured from transfer or further dealing, subject to confirmation by the adjudicating authority. The investigation also concerned transfers to a private aviation group, purchase of aircraft and a helicopter, and alleged payments linked to aircraft usage.
July 8, 2026
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Bilateral investment treaty and free trade agreement talks advance as India and Maldives fast-track wider economic cooperation.
India and the Maldives have concluded negotiations for a bilateral investment treaty, with the text undergoing legal scrubbing before signature, while free trade agreement talks are being fast-tracked. The treaty is intended to promote and protect investments in each other's countries, and the trade discussions form part of a broader effort to reduce or eliminate import duties on goods traded between the two countries.
July 8, 2026
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Digital logistics integration through ULIP aims to improve transparency, efficiency and data-driven coordination in Punjab's supply chain ecosystem.
NICDC Logistics Data Services Limited and the Government of Punjab entered into a Memorandum of Understanding to support the digital transformation of Punjab's logistics ecosystem through the Unified Logistics Interface Platform. The partnership focuses on seamless exchange of real-time logistics data across departments to improve logistics visibility, operational efficiency, inter-departmental coordination, transparency and data-driven decision-making for industry stakeholders. ULIP is described as a unified digital gateway based on API integration across government systems.
July 8, 2026
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Premium Pan Asian dining drives Speciality Restaurants Limited's new Gong format with design-led hospitality and scalable growth.
Speciality Restaurants Limited launched Gong in Bandra as a premium Pan Asian dining concept combining progressive cuisine, immersive interiors and elevated hospitality. The restaurant is positioned as a future-ready format designed for higher average spend per cover, optimised space use and faster table turnover, reflecting the company's focus on innovation-led expansion and experiential dining.
July 8, 2026
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Export expansion and working-capital discipline support Taurian MPS's high-growth roadmap and stronger order-book visibility.
Taurian MPS Limited has outlined a growth strategy centred on achieving a revenue CAGR of over 50% over the next three years through stronger domestic and export order inflows, faster execution, expansion of its international dealer network and improved working-capital efficiency. The company says its current order book of about Rs 83.85 crore provides execution visibility, with domestic orders forming the larger share and export orders contributing the balance. These orders are expected to be executed over the next four to five months, subject to customer advances, final confirmations, site readiness and delivery schedules.
July 8, 2026
Show AI Summary
Money laundering asset freezing under PMLA targets suspected bank deposits and linked transactions pending confirmation.
Freezing of bank deposits under the Prevention of Money Laundering Act operates where an asset cannot practicably be seized and must be protected from transfer or other dealing. An officer may issue a freezing order in respect of bank accounts containing suspected proceeds or linked funds, subject to confirmation by the adjudicating authority within the prescribed time. The investigation also concerns alleged routing of funds through related entities and purchases of aircraft and helicopter assets through connected transactions.
July 8, 2026
Show AI Summary
Strategic AI alliance expands Claude across enterprise workflows, internal operations, and large-scale workforce training.
UST entered into a strategic alliance with Anthropic to integrate Claude models across UST's engineering environments, proprietary platforms, industry solutions and internal operations, with the objective of helping enterprise clients adopt trusted AI at scale. The collaboration extends to UST's own operations and includes plans to certify 20,000 associates worldwide on Claude, supported by Anthropic's enablement, technical guidance and certification.
July 8, 2026
Show AI Summary
ASEAN-India trade agreement review advances as joint committee urges faster finalisation of pending negotiation chapters.
India hosted the 13th ASEAN-India Trade in Goods Agreement Joint Committee meeting and related hybrid sessions in New Delhi to review progress under the AITIGA Review. The Joint Committee gave strategic guidance to sub-committees on customs procedures and trade facilitation, national treatment and market access, and rules of origin, and urged expeditious finalisation of outstanding review chapters through time-bound deliverables and close coordination within agreed timelines.
July 8, 2026
Show AI Summary
Global capabilities hub expansion strengthens cross-border collaboration, talent development, and client-focused growth strategy.
CIBC announced the opening of a global capabilities hub in Hyderabad, India, to support its modernization and growth strategy. The new office is intended to strengthen the bank's global footprint, expand its talent pool, and accelerate client-focused growth by insourcing work previously managed by third parties. The announcement also highlights cross-business and cross-border collaboration within CIBC's global network.
July 8, 2026
Show AI Summary
Customs clearance and real-time tracking shape efficient Canada to India parcel delivery across cross-border logistics.
Cross-border shipping from Canada to India depends on coordinated customs clearance, accurate documentation, first-mile access, strategic hub routing, and mature last-mile delivery networks. An improperly completed customs declaration or weak logistical planning may delay freight, while digital tools and direct hub connections improve efficiency and reduce transfers. Reliable parcel delivery also depends on clear pricing, compliance handling, and real-time tracking from warehouse scan to final delivery.
July 8, 2026
Show AI Summary
Money laundering probe under PMLA leads to searches over disproportionate assets and alleged proceeds through business entities.
Enforcement Directorate conducted searches in Uttar Pradesh in a money laundering investigation under the Prevention of Money Laundering Act against a former Samajwadi Party MLA and linked persons. The probe arose from an FIR alleging disproportionate assets, and preliminary inquiry indicated laundering of proceeds of crime through companies and LLPs engaged in real estate, construction and other businesses.
July 8, 2026
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Merger approval under competition law for Malabar Group companies and Malabar Gold and Diamonds Limited in the jewellery sector.
Merger approval under competition law for the combination involving 51 Malabar Group companies and Malabar Gold and Diamonds Limited. The proposed transaction envisages the merger of 51 transferor companies with the transferee company, most of which are engaged in the jewellery business. The transferee company is engaged in manufacturing, trading, retailing, wholesaling, supplying, distributing, importing, exporting, buying, franchising and otherwise dealing in jewellery and allied products.
July 8, 2026
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Competition approval for acquisition and merger in the education sector involving Sorting Hat Technologies and upGrad Education.
Competition approval was granted for the proposed combination involving acquisition of certain shareholding in Sorting Hat Technologies Private Limited and its merger with and into upGrad Education Private Limited. The combination concerns two Indian private limited companies with presence in the education sector, including formal and non-formal education for the acquirer and non-formal education for the target.
July 7, 2026
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Aviation turbine fuel under GST sought to cut airline operating costs and improve financial viability.
Airlines have sought inclusion of aviation turbine fuel under the GST regime to reduce operating costs and ease financial pressure on Indian carriers. The request points to the present tax structure under which States levy excise duty and VAT on ATF, making fuel a major component of airline operating expenses. The industry body urges that ATF be brought under GST at 5 per cent with full Input Tax Credit, and asks the civil aviation ministry to support engagement with the relevant ministries and stakeholders.

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Customs & Trade

UP International Trade Show to be held from Sep 25-29; Yogi asks Noida Authority to go fully online

June 27, 2026

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Noida, Jun 27 (PTI) Uttar Pradesh Chief Minister Yogi Adityanath on Saturday announced that the fourth edition of the Uttar Pradesh International Trade Show (UPITS) will be held at the India Expo Centre and Mart in Greater Noida from September 25 to 29, while urging the Noida Authority to digitise all its services and expedite action against allottees who have failed to develop allotted land.

Addressing a programme marking the curtain raiser of the trade show and the inauguration and foundation laying of 70 development projects worth Rs 2,479 crore in Noida and Dadri assembly constituencies, Adityanath said the Noida Authority should now move all its services online and monitor works through an Integrated Command and Control Centre.

"Now that the Noida Authority has its own headquarters, I hope issues relating to homebuyers-builders and farmers will be resolved more effectively. The time has come for the Authority to make all its services available online so that every project can be monitored through an Integrated Command and Control Centre," he said.

The chief minister also directed the authority to create a land bank by taking action against those who had obtained land allotments but failed to start projects within the stipulated period.

"Those who have taken land from the Noida Authority but have neither invested nor started work should be served notices after the prescribed time limit. Thereafter, new investors should be invited and a land bank should be created," he said.

Adityanath said Gautam Buddh Nagar had emerged as one of the country's most preferred investment destinations, attributing the transformation to improved law and order and infrastructure development under the BJP government.

He said the district now had a functioning international airport, an upcoming film city, apparel park, semiconductor unit, electronics and solar manufacturing facilities in addition to several other industrial projects.

"This was once a neglected region with poor law and order. Today, it has been transformed and has emerged as one of the country's favourite investment destinations," he said.

Marking International MSME Day, Adityanath said micro, small and medium enterprises formed the backbone of industrial growth and were critical to achieving the vision of an "Atmanirbhar Bharat".

He said Uttar Pradesh now had 96 lakh MSME units contributing to the state's economy and exports.

Recalling the COVID-19 pandemic, Adityanath said around 40 lakh migrant workers had returned to Uttar Pradesh, after which the government ensured free ration and employment opportunities for them.

He said the government had appealed to MSMEs to employ at least one or two returning workers each, resulting in more than 90 per cent of migrant workers staying back in the state and contributing in its growth.

The chief minister said Uttar Pradesh was now exporting goods worth more than Rs 2 lakh crore annually.

Highlighting the upcoming trade show, Adityanath said the event would provide a global platform for showcasing the state's manufacturing strength.

"The fourth edition of the Uttar Pradesh International Trade Show will be held from September 25 to 29 in Greater Noida. Exhibitors and foreign buyers will participate, and products manufactured across Uttar Pradesh will be showcased. Business-to-business and business-to-consumer meetings will be organised and new export orders facilitated," he said.

He said the previous editions had attracted participants from across the world and generated several international business orders.

Adityanath said Uttar Pradesh had shed its earlier image as a "BIMARU" state and had remained a revenue-surplus state for the past six years.

"We have tripled Uttar Pradesh's economy over the last nine years and also succeeded in tripling per capita income. The pace of development across infrastructure, public welfare, ease of doing business and ease of living shows that we can move even faster," he said.

He also highlighted the state's expanding infrastructure, saying travel time from Ghaziabad and Meerut to Lucknow had been significantly reduced and described the Ganga Expressway and the Noida International Airport as projects built to global standards.

Industrial Development Minister Nand Gopal Gupta, who also addressed the gathering, said Uttar Pradesh had set new benchmarks in industrial investment, exports and economic growth over the past nine years.

Without naming the Samajwadi Party, Gupta alleged that previous governments had prioritised the interests of particular families and communities, whereas the present dispensation under Prime Minister Narendra Modi and Chief Minister Adityanath was working for inclusive development.

He said Uttar Pradesh was moving rapidly towards achieving its target of becoming a USD 1 trillion economy. PTI KIS MR

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