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June 25, 2026
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Competitive tariff advantage drives India-US trade pact as final terms await market-access alignment.
Competitive tariff advantage is identified as the central condition for the India-US bilateral trade agreement to enter into force. The pact is close to completion, but its implementation depends on India securing tariff treatment that preserves a market-access advantage over competing economies. The discussions are focused on the legal and commercial framework needed to provide that advantage and on finalising the remaining fine print of the agreement.
June 25, 2026
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Low-alcohol beverage tax reduction triggers political dispute over liquor policy, transparency, and alleged revenue loss.
A political dispute arose over a budget proposal to reduce tax on low-alcohol beverages, with CPI(M) alleging that the proposal did not originate under the previous LDF government and that the earlier liquor policy only classified alcoholic beverages without deciding any tax reduction. CPI(M) sought clarification and withdrawal of the contrary statement, and also demanded withdrawal of the budget proposal, alleging that it was intended to benefit an alcohol manufacturing company and could cause revenue loss to the state exchequer.
June 25, 2026
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Crude oil prices ease to pre-conflict levels, but petrol and diesel rates remain unchanged for now.
Global crude oil prices fell back to pre-conflict levels, easing inflation risks, lowering India's import bill and improving fiscal flexibility. Retail petrol and diesel prices remained unchanged, while state-owned fuel retailers were said to adjust pump prices based on average crude movements over a preceding period rather than daily fluctuations. The easing in oil-market tensions also led to the quiet suspension of inter-ministerial briefings monitoring supply and market stability.
June 25, 2026
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Global textile sourcing shift boosts India's competitiveness, with home textiles and sustainability driving long-term export growth.
India's textile sector is entering a favourable growth phase due to global supply chain diversification, stronger sourcing activity and improved demand visibility. Home textiles are highlighted as a key export segment, with premiumisation, value-added products, sustainability-led sourcing and brand penetration driving long-term growth. Recent trade agreements are expected to strengthen India's competitiveness as a sourcing destination, and Welspun Living is positioned to benefit through integrated manufacturing, diversification, retailer relationships and continued investment in innovation and sustainability.
June 25, 2026
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Franchising-led salon expansion drives Marie Claire Paris's India growth with premium beauty and wellness services.
Marie Claire Paris expanded its India presence by launching its first salon in Mumbai through B2C Network LLP, its exclusive franchisor in India. The brand plans to strengthen its footprint across premium retail destinations, malls and high-street locations nationwide through franchising. The salon offers hair care, skin rejuvenation, nail services, bridal and wedding makeovers, grooming solutions and personalized consultations, supported by trained professionals and international service standards.
June 25, 2026
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Free trade agreement with the UK seen as India's most comprehensive pact, with tariff cuts and trade growth ahead.
India's Comprehensive Economic and Trade Agreement with the UK is described as the most comprehensive free trade agreement India has concluded so far, with implementation scheduled to begin on 15 July. The agreement is presented as a framework for expanding bilateral commerce between two complementary and growing economies, and businesses in both countries are urged to leverage its tariff reductions and market-opening benefits to raise the trading partnership to a much higher level.
June 25, 2026
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AI and cloud infrastructure drive Amazon's expanded India investment plan, alongside digitisation, exports and job creation.
Amazon announced an additional USD 13 billion investment in India, taking its planned capital commitment to USD 48 billion for 2026 to 2030. The expanded investment is directed principally toward AI and cloud infrastructure, including growth of AWS data centre capacity in Mumbai and Hyderabad, with access to custom AI chips, managed AI services, secure cloud technologies and developer tools. Amazon said the commitment reflects its long-term focus on India's digital economy, customer demand across e-commerce and AWS, and alignment with policy priorities around AI-led digitisation, export growth and job creation.
June 25, 2026
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Core banking transformation through SaaS platform aims to improve reliability, automation, compliance, and scalable digital growth.
Sterling Bank of Asia selected Infosys Finacle Software-as-a-Service platform for its transformation programme, using core banking, customer data hub, trade finance, and origination solutions. The collaboration is intended to improve employee and customer experience, maintain availability and reliability, reduce operational complexity through automation and digitisation, and support future growth. The SaaS deployment is also expected to simplify technology operations, enable faster innovation, and provide secure, compliant, cloud-hosted scalability with periodic upgrades and feature enhancements.
June 25, 2026
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Regional economic cooperation drives the UK-India Free Trade Agreement agenda through Gujarat's investment and trade opportunities.
Regional economic cooperation was highlighted as the practical next phase of the UK-India partnership following ratification of the UK-India Free Trade Agreement, with Gujarat presented as a central hub for industry, energy, finance, innovation and enterprise. The discussions focused on how businesses can convert the FTA into investment, market access, technology collaboration and long-term commercial partnerships, while emphasising Gujarat's industrial ecosystem, investment-friendly policies, business-ready infrastructure and policy stability.
June 25, 2026
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Sea freight for horticultural exports gains momentum as premium Banganapalle mangoes reach Singapore through compliant cold-chain logistics.
APEDA facilitated the first commercial sea shipment of premium Banganapalle mangoes from India to Singapore, using GAP-certified orchards, an APEDA-recognised packhouse, and cold-chain logistics to meet Singapore's quality and phytosanitary requirements. The shipment is presented as evidence of the viability of sea freight for fresh horticultural exports and of the commercial benefits of scientific post-harvest management and sustainable export pathways.
June 25, 2026
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Fixed deposit-backed secured credit card expands access to formal credit with cashback and credit-building benefits.
Fixed deposit-backed secured credit card launched to expand access to formal credit for consumers with limited or no credit history, including new-to-credit users and persons seeking to rebuild damaged credit profiles. The product helps cardholders begin building credit history through responsible usage while using an FD as security, with minimum FD requirement starting at Rs. 2,000. The card combines credit-building with FD returns up to 7% p.a. and cashback on online, offline and eligible UPI transactions, subject to stated fee and cashback caps.
June 25, 2026
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Money laundering probe over alleged fund diversion at an educational society leads to searches and asset seizure.
Enforcement Directorate searches in a money laundering investigation against a Madhya Pradesh-based educational society led to seizure of cash, gold jewellery, financial records and property-related documents. The probe arises from an FIR alleging large-scale financial fraud, including misappropriation and diversion of funds belonging to the society, and is registered under the Prevention of Money Laundering Act. The searches covered residential premises, offices, educational institutions, trusts and business establishments connected with the Chouksey Group.
June 25, 2026
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Gold loan borrowing capacity rises as gold prices climb, with valuation and eligibility rules unchanged.
Rising gold prices increase the borrowing capacity available against pledged gold because gold loan amounts are calculated on the basis of the weight and purity of the ornament and the gold rate applied on the assessment date. The higher rate environment therefore allows the same jewellery or coins to support a larger loan amount without any change in the underlying eligibility criteria. Gold loan eligibility requires the applicant to be an Indian citizen aged between 21 and 80 years and to submit one KYC document. Accepted security includes gold jewellery or ornaments of 18 karat to 22 karat purity, and gold coins up to 24 karat.
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.
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.

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Customs & Trade

'UK–India Free Trade Agreement will be India's most comprehensive agreement so far': Piyush Goyal at UK–India Week 2026

June 29, 2026

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Capital & Future Frontiers Forum brings together senior ministers, CEOs, investors and innovators to chart the next decade of UK–India trade, capital and technology partnership
LONDON, June 27, 2026 /PRNewswire/ -- The UK–India Free Trade Agreement took centre stage at India Global Forum's Capital & Future Frontiers Forum today, as Hon Piyush Goyal, Minister of Commerce and Industry, Government of India, described it as the most comprehensive trade agreement India has entered into so far.




Held at One Moorgate Place, London, as part of the landmark 10th edition of UK–India Week, the Forum brought together senior ministers, business leaders, investors, founders, policymakers and technology experts to examine how the UK and India can translate the FTA and Vision 2035 into long-term economic growth, capital flows, innovation and commercial partnerships.


The opening fireside chat featured Hon Piyush Goyal and Rt Hon Peter Kyle MP, Secretary of State for Business and Trade and President of the Board of Trade, UK Government, setting the political and economic context for the next phase of the UK–India relationship.


A defining moment for UK–India trade
Speaking at the Forum, Piyush Goyal said:
"Every trading relationship and every partnership stands on its own legs. The UK Free Trade Agreement is going to be the most comprehensive agreement that India has entered into so far, and it will come into force in July."
His remarks positioned the UK–India FTA as a major milestone in India's global trade strategy and a platform for deeper bilateral cooperation across goods, services, investment, innovation and future industries.


UK Business & Trade Secretary Peter Kyle said the agreement formed part of a broader reset in UK–India relations.


"The UK–India FTA was part of a comprehensive resetting of the relationship between Britain and India. When two leaders are so committed to something, and their rapport and relationship are so strong, it puts a rocket under us when it comes to breaking down barriers."
From ambition to execution
Addressing the gathering, Manoj Ladwa, Founder and Chairman, India Global Forum, reflected on the 10th anniversary of UK–India Week and the evolution of the bilateral relationship from goodwill and ambition to structured execution.


He highlighted that bilateral trade has grown from roughly £17 billion when UK–India Week began to nearly £48 billion today, with the FTA projected to increase bilateral trade further in the long run.


Manoj Ladwa said:
"The question is no longer simply how Britain invests in India. It is now how Britain and India build together, with capital, technology, institutions and ambition flowing in both directions."
He added:
"History will not judge us by the conversations we have had. It will judge us by what we build next: the businesses we create, the capital we deploy, the technologies we commercialise, the regions we connect and the partnerships we sustain through disciplined execution."
Capital, technology and the future economy
The Forum examined the forces reshaping the global economy, from capital and geopolitics to artificial intelligence, energy security, life sciences, semiconductors and the future of sport.


Sessions explored how deeper UK–India capital partnerships can move from episodic flows to more structured investment, how India can attract greater weight in global portfolios, and how both countries can build trusted collaboration in frontier technologies.


Speaking during a discussion on technology security, Kanishka Narayan MP, Parliamentary Under-Secretary for AI and Online Safety, said:
"Strategic autonomy isn't about building an island. It's about building bridges that make Britain stronger and give us greater leverage."
The Forum also examined the future of biotechnology and life sciences, with Kiran Mazumdar-Shaw, Chairperson, Biocon Ltd, highlighting the transformational role of AI.


"Biotech is a huge opportunity because computational biology has never been at this scale before. AI has made a transformational difference to the way we look at life sciences."
India's growth story and global capital
Across the programme, senior leaders discussed opportunities in capital markets, clean energy, sport, compute, semiconductors, life sciences, advanced manufacturing and regional investment.


Aryaman Birla, Director, Aditya Birla Group and Chairman Designate, Royal Challengers Bengaluru, spoke about the rise of world-class sporting franchises and the growing economic potential of sport as a serious investment category.


Kanubhai Desai, Finance Minister, Government of Gujarat, highlighted Gujarat's robust financial landscape and stable policy framework, reinforcing the state's position as one of India's most attractive destinations for long-term investment.


The Forum closed with Rajan Bharti Mittal, Vice Chairman, Bharti Enterprises, who offered a powerful assessment of India's long-term growth proposition for global CEOs.


Rajan Bharti Mittal said:
"If India isn't on the agenda of every global CEO, I'd question that CEO. Where else do you find meaningful long-term growth? India is fundamentally a consumption story, powered by a young, educated middle class, manufacturing momentum and trust."
He added that India offers investors long-term confidence through rule of law, democracy, independent regulators and a strong judiciary, positioning the country as a trusted partner for global business.


The next decade of UK–India opportunity
The Capital & Future Frontiers Forum reinforced a central message of UK–India Week 2026: the FTA is not the destination, but the platform for a new decade of investment, innovation and strategic partnership.


The discussions built on earlier UK–India Week engagements in the West Midlands and at India House, including the Gujarat–West Midlands Steering Committee and Gujarat Future Forum, which focused on regional delivery, investment readiness and the practical implementation of the UK–India economic corridor.


The Forum was followed by the prestigious UK–India Awards 2026, India Global Forum's flagship celebration recognising the people, businesses and institutions strengthening one of the world's most consequential bilateral partnerships.


About India Global Forum
India Global Forum is a global platform for leaders from business, government, policy, academia and culture to engage with contemporary India and its growing role in the world. Through high-level forums, strategic dialogues, delegations, reports and curated networks, IGF works to advance partnerships, investment flows and thought leadership across the India growth story and its global corridors.


Photo: https://mma.prnewswire.com/media/3001486/Piyush_Goyal1.jpg' alt='Embedded Media' /> Logo: https://mma.prnewswire.com/media/2566069/6016561/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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