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    Kerala budget announces tax relief measures, EV road tax changes and amnesty schemes
    Bharat Buildcon 2026 Opens with Massive Industry Response; Attracts 25,000 Plus Visitors on Day One from 90 Plus Countries and 100 Plus Indian Cities
    GeM Partners with Common Service Centre to Expand Access to Government Procurement Opportunities Across India
    Rupee rises 20 paise to 94.20 against US dollar in early trade
    Direct tax mop-up grows 15 pc to over Rs 5.21 lakh cr on higher advance tax payments
    Andhra CM Naidu directs aquaculture feed firms to cut prices by Rs 4 per kg, manufacturers agree
    Modi, Trump direct officials to swiftly finalise trade pact: Foreign Secretary Misri
    Net income tax collection grows 15 pc to over Rs 5.21 lakh cr till Jun 17
    India to allow import of 3.78 lakh UK cars at concessional duty in first 15 years of trade pact
    Attack on ED officials: Court rejects bail plea of three accused
    Indian money in Swiss banks dips to CHF 3.25 bn; customer deposits up
    Bharat Buildcon 2026 Inaugurated Under the Theme ‘One Nation, One Expo’
    Rahul Gandhi only hugs people of same caste, alleges CPI(M) leader Balan
    India-UK social security pact to benefit 90-95 pc of Indian professionals working in Britain
    OFCD case: SC agrees to hear SEBI's plea against SAT relief to SICCL managers
    Gold imports drop 70 pc to 30 tonnes after duty hike: Official
    ED carries out searches across Kerala in organ donation racket money laundering probe
    India and the United Kingdom Unleash a Next Generation Economic Corridor: Comprehensive Economic and Trade Agreement (CETA) and Agreement on Social Se...
    Modi, Trump direct officials to fast-track 'commercially meaningful' trade Pact
    President Lula warns Trump not to meddle in Brazil's elections
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    June 19, 2026
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    Tax relief and amnesty measures reshape Kerala's budget through arrear settlements, vehicle tax revisions and stamp duty concessions.
    Kerala's revised Budget introduced tax relief measures, amnesty schemes and vehicle tax revisions, including settlement of Flood Cess arrears, waiver of specified small pre-GST arrears, revised sales tax rates for low-strength alcoholic beverages, reduced tax for AITP buses, changes in electric vehicle road tax slabs, an e-challan amnesty scheme, and a one-time settlement for undervaluation and deficit stamp duty cases.
    June 19, 2026
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    Construction and building materials expo drives exports, supply chains, and Make in India engagement across global markets.
    Bharat Buildcon 2026 opened as a large industry exhibition for the building materials and construction sector, drawing more than 25,000 visitors on the first day along with participants from over 90 countries and more than 100 Indian cities. The exhibition was presented as a platform for strengthening supply chains, encouraging technology adoption, generating business opportunities, and promoting exports and foreign investment in the construction and building materials sector.
    June 19, 2026
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    Government e-marketplace access expands through last-mile seller facilitation, onboarding support, and catalogue listing through new partnership.
    Government e-marketplace access is being expanded through a strategic partnership between GeM and CSC-SPV aimed at strengthening last-mile facilitation for sellers, especially in rural and underserved regions. The collaboration extends support through the full onboarding chain up to catalogue listing, with assistance for Vendor Assessment, Brand Approval, and creation and publication of product and service catalogues. A pilot rollout of 50 GeM Suvidha Kendras will provide guidance, training, onboarding support, capacity building, and grievance redressal for a range of enterprises.
    June 19, 2026
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    Rupee appreciation gains support from India-US trade optimism, foreign inflows and softer crude prices.
    The rupee appreciated in early trade against the US dollar, supported by optimism over India-US trade negotiations, firm foreign inflows and softer crude oil prices. Market sentiment remained positive as traders tracked developments suggesting momentum in talks on a proposed trade pact and an improvement in external flows. The foreign exchange market also reflected expectations that the Reserve Bank of India may use incoming dollar inflows to rebuild foreign exchange reserves and gradually reduce its forward dollar book.
    June 18, 2026
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    Direct tax collections rise on stronger advance tax mop-up and higher corporate tax receipts across key segments.
    Net direct tax collection increased by 14.64 per cent to over Rs 5.21 lakh crore up to June 17 of the fiscal year, driven primarily by higher advance tax mop-up from corporates. Net corporate tax collection rose 22 per cent, while net non-corporate tax collection increased 8 per cent. Securities Transaction Tax collection also recorded strong growth, and advance tax collection rose 15.30 per cent, with corporate and non-corporate advance tax both showing gains.
    June 18, 2026
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    Aquaculture feed price stabilisation drives a committee plan, with manufacturers agreeing to reduce prices and review sector concerns.
    Aquaculture feed pricing was addressed as a sectoral price-stabilisation issue, with manufacturers agreeing to reduce prices by Rs 4 per kg after a directive from the Chief Minister. A committee of aqua farmers, feed manufacturers and officials was proposed to develop a long-term mechanism for price stabilisation and to examine processing-related issues and pollution control measures, with recommendations due within 20 days. The discussion also covered subsidy awareness, insurance coverage, nursery ponds, water supply and strict quality control in aquaculture production.
    June 18, 2026
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    Interim free trade agreement negotiations advance as leaders urge swift conclusion of the India-US trade pact.
    Trade negotiations between India and the United States were described as being in the final stages of an interim free trade agreement, with both leaders directing their negotiators to conclude the pact at the earliest. The discussions were said to have addressed uncertainty in bilateral trade and to have produced significant progress, with further talks expected to continue through an upcoming visit by the US Trade Representative.
    June 18, 2026
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    Direct tax collection growth drives higher net income tax mop-up, with corporate and non-corporate taxes both rising.
    Direct tax collection recorded year-on-year growth during the early part of the fiscal year, with net income tax collection rising to over Rs 5.21 lakh crore by June 17. Net corporate tax collection increased sharply, while net non-corporate tax collection also posted growth; the non-corporate category covers taxes paid by individuals, HUFs and firms. Refunds were issued during the period and showed a marginal increase compared with the corresponding earlier period.
    June 18, 2026
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    Phased customs duty cuts on UK passenger car imports set quota limits, price bands and EV concession rules.
    India-UK Comprehensive Economic and Trade Partnership provides for phased, quota-based reduction of customs duty on passenger car imports from the UK into India over the first 15 years of implementation. Conventional-engine passenger cars are subject to specified annual quotas across engine-size categories, with duty reductions tapering to a final 10 per cent, while electric, hybrid and hydrogen passenger cars receive concessions only from the sixth year, subject to price bands and quotas. Zero-emission two-wheelers, buses and trucks are excluded from any customs duty concession commitment.
    June 18, 2026
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    Bail petitions in alleged attack on ED officials dismissed amid continuing investigation and attempted murder charges.
    Bail petitions filed by three accused in connection with the alleged attack on Enforcement Directorate officials were dismissed in proceedings arising from the CMRL money laundering probe. The accused argued that the allegations were baseless and that investigation against them had been completed, but the prosecution said investigation was still continuing. The matter relates to an alleged attack on ED and CRPF personnel after searches at the residence of the former Chief Minister, with police invoking multiple offences, including attempted murder.
    June 18, 2026
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    Swiss bank deposits by Indian clients fell overall, while individual customer accounts and tax information exchange continued to expand.
    Swiss National Bank data showed that Indian money in Swiss banks fell in 2025 to CHF 3.25 billion, with the decline driven mainly by funds held through local branches and other financial institutions. Customer deposits rose to CHF 524 million, while amounts due to banks remained the largest component at CHF 2.6 billion. Separate locational banking statistics showed an increase in deposits by Indian individuals to USD 89.73 million. The article also notes the automatic exchange of information in tax matters between Switzerland and India since 2018.
    June 18, 2026
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    Free Trade Agreements support Indian industry as Bharat Buildcon 2026 showcases construction sector collaboration and global market access.
    Bharat Buildcon 2026 was inaugurated as an industry exhibition for the building materials and construction sector under the theme "One Nation, One Expo". The event brought together participants from more than 90 countries and over 100 Indian cities for industry interaction and business engagement. The Minister highlighted the role of Free Trade Agreements in expanding opportunities for Indian industry, including expected market access and stronger trade relations under the India-UK Comprehensive Economic and Trade Agreement.
    June 18, 2026
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    Money laundering probe over alleged sham payments and loans, with proceedings under the Prevention of Money Laundering Act.
    The Enforcement Directorate's money-laundering investigation concerns alleged transactions between Cochin Minerals and Rutile Ltd., Exalogic, and associated entities, including payments said to have been made without corresponding services and loans allegedly extended despite non-repayment. The agency alleges that these transactions generated proceeds of crime and has registered a case under the Prevention of Money Laundering Act on the basis of a prosecution complaint filed by the Serious Fraud Investigation Office.
    June 18, 2026
    Show AI Summary
    Social security exemption for temporary India-UK assignees will cut duplicate contributions and support skilled worker mobility.
    The India-UK Double Contribution Convention will exempt employees temporarily transferred between the two countries from host-country social security contributions for up to five years, subject to a certificate of coverage. The arrangement is reciprocal for eligible UK nationals working in India and is intended to preserve home-country social security coverage during temporary overseas assignments while reducing duplicate contribution burdens on workers and employers.
    June 18, 2026
    Show AI Summary
    Public offer classification of OFCD issuances and employee liability remain under challenge before the Supreme Court.
    Securities law issues concerning the issuance of optionally fully convertible debentures (OFCDs) by Sahara India Commercial Corporation Ltd. are under challenge, with SEBI contesting a part of the Securities Appellate Tribunal's relief granted to four managers and the company secretary. The tribunal had treated the OFCD issuances as a public offer within SEBI's regulatory jurisdiction, while also distinguishing the position of employees from that of the directors who had authorised the prospectus and remained responsible as principals for acts done through their agent. SEBI has now challenged this limited relief before the Supreme Court.
    June 18, 2026
    Show AI Summary
    Gold import duty hike drives sharp fall in volumes as foreign exchange conservation becomes policy priority.
    Gold imports in India declined sharply in volume terms after the customs duty on gold and silver was raised from 6 per cent to 15 per cent. Imports reportedly fell to about 25-30 tonnes in a month from earlier levels of 75-100 tonnes, while higher global prices kept import values elevated. The duty increase is presented as part of a broader policy response aimed at curbing gold purchases and conserving foreign exchange for essential imports.
    June 18, 2026
    Show AI Summary
    Money laundering probe over forged organ donation racket focuses on intermediaries, hospital transactions, and verification bypasses.
    Enforcement Directorate searches were conducted at hospitals and residences across Kerala in a money laundering probe linked to an alleged racket facilitating illegal organ donations through forged documents. The investigation was based on multiple police FIRs, with preliminary material indicating that intermediaries arranged donations between donors, recipients and hospitals for substantial sums. Investigators were examining bank transactions and medical records connected with the alleged organ donation arrangements. Police enquiries also indicate that the accused forged hospital letterheads, police clearance certificates and recommendation letters to bypass verification and clearance requirements.
    June 18, 2026
    Show AI Summary
    Trade and social security framework expands duty-free access, services mobility, and temporary worker contribution relief.
    India and the United Kingdom will bring CETA and the Agreement on Social Security into force on 15 July 2026, creating a broad trade and mobility framework covering goods, services, digital trade, telecommunications, financial services, intellectual property, government procurement, innovation, SMEs, sustainability and transparency. CETA provides immediate duty-free access for nearly 99% of India's exports to the UK, expands services market access across 137 sub-sectors, and preserves protection for sensitive Indian sectors. The Social Security Agreement exempts temporary workers from dual contributions and extends the exemption period from 3 years to 5 years.
    June 18, 2026
    Show AI Summary
    Trade agreement talks advance as India and the United States push for a balanced, commercially meaningful pact.
    Trade negotiations between India and the United States were advanced through a directive by the two leaders to their officials to work towards a balanced, mutually beneficial and commercially meaningful interim bilateral trade agreement at the earliest. The talks were described as having made significant progress, with further negotiations already underway and a visiting trade representative expected to take them forward. Both sides also reaffirmed commitment to strengthen the India-US Comprehensive Global Strategic Partnership and expand cooperation across defence, strategic technologies, energy and bilateral trade.
    June 18, 2026
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    Foreign interference in elections fuels Brazil-US tensions amid tariff disputes, sanctions, and criticism of drug-cartel designations.
    Brazilian President Luiz Inacio Lula da Silva warned against foreign interference in Brazil's October presidential election after remarks by the US President and renewed criticism linked to judicial action involving Lula's political rivals. The dispute reflects escalating tensions between Brazil and the United States over Brazil's domestic politics, including US sanctions against a Brazilian Supreme Court Justice and public comments about the Bolsonaro family. The article also notes proposed additional tariffs on Brazilian imports and Lula's criticism of the US designation of two Brazilian drug-trafficking groups as foreign terrorist organizations.

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      Customs & Trade

      Piyush Goyal and UK-India FTA Negotiation Teams Honoured at 10th Anniversary of IGF UK-India Awards

      June 27, 2026

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      Kiran Mazumdar-Shaw, Uday Kotak, the Premier League, Grant Thornton, Wockhardt, the British Asian Trust and the British Council were also recognised at the annual IGF UK-India Awards 2026 for their outstanding contributions to the UK-India corridor. LONDON and NEW DELHI, June 26, 2026 /PRNewswire/ -- India's Minister of Commerce and Industry, Piyush Goyal, and the joint UK-India FTA negotiating teams were honoured with the Exceptional Leadership in Elevating UK-India Ties award at the UK-India Awards 2026 on Thursday, 25 June 2026. Held at The Peninsula London during the 10th anniversary of India Global Forum's UK-India Week, the awards recognised the leadership behind the historic UK-India Free Trade Agreement (FTA), following its ratification earlier this year. Opening the evening, IGF's Founder and Chairman Manoj Ladwa reflected on the journey of UK-India Week over the past decade, saying: "Ten years ago, we set out to create a platform worthy of the modern UK-India relationship. One that connected leaders across business, government, capital, innovation and culture. A place where conversations became collaborations, introductions became investments, and relationships became lasting partnerships. That was the vision. And I called it – perhaps ambitiously – a Winning Partnership. I believed it then. I believe it even more tonight." The ceremony brought together senior ministers, high commissioners, diplomats and global business leaders to celebrate the individuals and institutions that have helped strengthen the UK-India partnership and advance it into a new phase of economic cooperation. Biotechnology pioneer and Chairperson of Biocon Group Kiran Mazumdar-Shaw was presented with the Lifetime Contribution to UK-India Relations award for her global leadership in science and entrepreneurship. The financial corridor's deep capital flows were celebrated next as banking titan Uday Kotak received the award for Exceptional Leadership in UK-India Financial Services, delivering his acceptance via a special video message. Grant Thornton was honoured for its Decade of Contribution to Consulting, recognised for shaping advisory excellence and influential corridor research. The evening's narrative smoothly transitioned from economic engines to societal impact, honouring forces that deliver meaningful progress beyond the boardroom. Wockhardt was recognised for its Decade of Contribution to Lifesciences and Health Resilience, particularly through vaccine infrastructure, while the British Council was honoured for its Decade of Contribution to Education. The diaspora's vital role was cemented with the British Asian Trust receiving the award for A Decade of Contribution to Social Impact, followed by the Premier League, which was celebrated for connecting millions of Indian fans to British football through grassroots youth initiatives like Premier Skills. The gala reached its peak as the focus returned to the architects of the trade deal. In a rare and powerful public moment of joint celebration, the UK-India FTA Negotiating Teams took the stage together to receive their Exceptional Leadership in Elevating UK India Ties award, earning a standing ovation for the years of tireless determination spent navigating complex policy chapters across changing governments. Concluding the evening, the final Exceptional Leadership in Elevating UK-India Ties award was presented to Chief Guest Piyush Goyal, India's Minister of Commerce and Industry, by IGF Founder and Chairman Manoj Ladwa and UK Business and Trade Secretary Peter Kyle MP. Accepting the honour, Piyush Goyal said: "I have absolutely no doubt in my mind that this will be a success, and this CETA will become a template, a role model for many other free trade agreements in the future." The historic evening drew to a close with a grand finale group photograph of all laureates on stage, marking a decisive, unified entry into the next decade of the modern UK-India partnership. About India Global Forum India Global Forum tells the story of contemporary India. The pace of change and growth India has set itself is an opportunity for the world. IGF is the gateway for businesses and nations to help seize that opportunity. Social Media Handles & Hashtag to Follow Twitter: @IGFUpdates & @manojladwa LinkedIn: India Global Forum Photo - https://mma.prnewswire.com/media/3001235/India_Global_Forum_UK_India_Awards_2026.jpg' alt='Embedded Media' /> Logo - https://mma.prnewswire.com/media/2566069/6015966/IGF_Logo.jpg' alt='Embedded Media' /> (Disclaimer: The above press release comes to you under an arrangement with PRNewswire and PTI takes no editorial responsibility for the same.). PTI PWR

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