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    ED summons Pinarayi Vijayan's daughter for questioning in PMLA case
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June 9, 2026
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Money laundering probe targets alleged CMRL transactions, consultancy payments, and related financial irregularities under the PMLA.
Enforcement Directorate summoned Veena T and officials of Cochin Minerals and Rutile Ltd. for questioning in a money laundering investigation under the Prevention of Money Laundering Act. The inquiry concerns alleged irregularities in CMRL's financial dealings with Exalogic Solutions Private Limited, including alleged fraudulent consultancy payments, loans, and the generation of proceeds of crime from those transactions. The case arose from an SFIO complaint and includes allegations of inflated cash expenses and illegal payments uncovered in earlier tax proceedings.
June 9, 2026
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Digital public procurement on GeM expands transparency, inclusivity and access for enterprises, startups and small businesses.
Government e Marketplace (GeM) functions as a digital public procurement platform that replaces manual, fragmented purchasing with a technology-driven system. It uses online onboarding, transparent bidding, digital contract management and end-to-end procurement processes to improve transparency, reduce human interface and widen participation by enterprises across geographies. Inclusivity is a central feature, with strong growth in participation by micro and small enterprises, women-owned enterprises, startups and SC/ST enterprises, alongside procurement support for public service delivery and healthcare supplies.
June 9, 2026
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Seafood export value addition and traceability drive India's push for stronger market access, infrastructure and sustainability.
Seafood export policy focused on strengthening value addition, sustainability, traceability, infrastructure and market access across the fisheries value chain. Discussions examined processing, branding, quality enhancement, certification, logistics, cold chain development, diversification of export markets and a Production Linked Incentive framework for the seafood sector. Deliberations also covered export-oriented fisheries infrastructure, compliance with international standards, support for startups and MSMEs, and opportunities in deep-sea resources and other emerging fisheries segments.
June 9, 2026
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GI-tagged agricultural exports gain momentum as Tezpur Litchi from Assam reaches Dubai through APEDA facilitation.
APEDA facilitated the first export consignment of GI-tagged Tezpur Litchi from Assam to Dubai, creating a new export channel for a regional horticultural product. The GI status strengthened product identity, improved international buyer appeal, and supported premium agricultural exports from Assam. The initiative was linked to better grower returns, new marketing opportunities, export-oriented value chains, and broader integration of farmers into global markets through quality assurance, certification support, capacity building, and market linkage efforts.
June 9, 2026
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Corporate law reform panel invites stakeholder views on amendments to companies and LLP governance rules.
The Joint Committee on the Corporate Laws (Amendment) Bill, 2026 has invited views and suggestions on its specific clauses from stakeholders and experts. The Bill proposes comprehensive amendments to the Companies Act, 2013 and the Limited Liability Partnership Act, 2008, aiming to improve the ease of doing business, decriminalise minor procedural defaults, and modernise corporate governance. Suggestions may be sent in English or Hindi to the Lok Sabha Secretariat or by e-mail within the stated deadline.
June 9, 2026
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Examination fraud alerts intensify as police warn NEET-UG aspirants against fake paper leak claims and suspicious calls.
Police advisory cautions NEET-UG aspirants and parents against rumours, misinformation, and fraud calls falsely offering question papers or answer sheets ahead of the retest. The notice warns that anti-social elements and cyber fraudsters may try to undermine examination integrity through social media and deceptive communications, and asks the public to immediately report suspicious offers or requests to the Economic Offence Unit. Persons involved may face legal action and criminal proceedings.
June 9, 2026
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Export growth and import momentum remained strong despite Iran war disruption, supported by autos and technology shipments.
China's customs data showed a sharp rise in exports and imports in May, with exports increasing 19.4% year-on-year and imports rising 27.4%. The export performance was stronger than in April and remained resilient despite disruption linked to the Iran war. The reported strength was supported by shipments of autos and technology, including artificial intelligence-related products such as semiconductors.
June 9, 2026
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Innovation-led healthcare drives India's pharmaceutical growth strategy, with global partnerships and affordable medicines at the core.
India's pharmaceutical sector is presented as a partner in innovation-led healthcare while continuing to supply affordable medicines globally. Global companies are invited to deepen collaboration through manufacturing, technology, clinical trials, supply chains and market access, with the industry described as capable of significant expansion over the next five years. The sector's strengths are identified as trust, innovation and partnerships, supported by global manufacturing standards, rising patent filings, and government programmes for research and development. India also emphasises durable cooperation for equitable healthcare access and long-term pharmaceutical supply resilience.
June 9, 2026
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Credit availability and financial inclusion drive discussed to widen formal lending, scheme coverage, and capital investment support.
Credit availability, financial inclusion and implementation of Central schemes were discussed with a view to expanding formal credit, ensuring wider coverage under flagship financial inclusion and social security schemes, and supporting capital infrastructure through the Special Assistance to States for Capital Investment scheme.
June 8, 2026
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Stamp duty and registration reform focuses on clearer rules for restructuring, LLP, RERA transactions, and digital verification.
Simplification of legal provisions governing corporate restructuring, LLP, RERA-related transactions and stamp duty matters is directed to align the legal framework with changing economic and business requirements. The reform agenda includes review of stamp and registration procedures for mergers, demergers, amalgamation, acquisitions, changes in shareholding, housing cooperative societies and sale agreements, together with a clear and practical stamp duty structure based on best practices from other states. Modernisation measures include digital verification, paperless registration, digitisation of records, AI-based systems, geo-tagging and a standardised property valuation system.
June 8, 2026
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Current account balance improved on services exports, remittances and stronger capital inflows in the latest balance of payments data.
Current account balance improved in the January-March quarter of 2025-26, supported by stronger services exports and higher remittance inflows. Merchandise trade remained in deficit, but net services receipts and personal transfer receipts increased, while primary income outgo declined. The balance of payments also reflected stronger FDI inflows, a net FPI inflow in the quarter, and higher non-resident deposit inflows, alongside an increase in foreign exchange reserves on a BoP basis.
June 8, 2026
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Precious metals weaken as West Asia tensions, rising crude prices, and interest rate expectations pressure gold and silver.
Gold and silver prices declined in domestic and overseas markets amid fresh West Asia tensions, as rising crude oil prices and inflation concerns weighed on precious metals. Analysts said stronger dollar sentiment, robust US jobs data, and expectations of tighter monetary policy further pressured bullion, while silver extended its losing streak and Brent crude briefly surged before easing.
June 8, 2026
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Industrial park development scheme uses a competitive digital portal for transparent project selection, monitoring, and infrastructure planning.
BHAVYA is a Government industrial park development scheme launched through a dedicated portal to operationalise a competitive, challenge-based framework for selecting and implementing investment-ready industrial parks across States and Union Territories. The scheme contemplates development of 100 industrial parks over six years, with State Governments providing land and the Government of India supporting infrastructure through the National Industrial Corridor Development Corporation under a 51:49 partnership model. NICDC will implement and monitor the scheme through the BHAVYA Portal as a single digital interface for project submission, appraisal, evaluation and real-time monitoring.
June 8, 2026
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Market access for aquaculture and animal-origin exports continues as India meets updated European Union requirements.
European Union amended Regulation (EU) 2021/405 to add requirements for exports of aquaculture products, eggs, honey and animal casings from September 2026 in response to antimicrobial resistance concerns. India has been included as an authorised country to continue exporting these products beyond September 2026, following coordinated engagement by the Department of Commerce, the Export Inspection Council and other stakeholders and strengthened inspection, testing and certification controls aligned with European Union requirements.
June 8, 2026
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Gold loan eligibility and repayment flexibility widen access through minimal KYC, gold-based valuation, and simple online application.
Gold loan eligibility is broad and based on pledged gold collateral rather than income proof or extensive credit documentation. Indian citizens aged 21 to 80 may apply, using gold jewellery or ornaments of 18 to 22 karat purity, or gold coins up to 24 karats. Documentation is minimal and limited to one valid KYC document. Interest depends on loan amount, tenure, and gold purity, repayment is flexible, and foreclosure is permitted without additional charge.
June 8, 2026
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Money laundering probe gains access to SFIO records in CMRL-Exalogic investigation over alleged proceeds of crime.
The Enforcement Directorate sought access to documents collected by the Serious Fraud Investigation Office in a money laundering investigation connected with Cochin Minerals and Rutile Ltd and Exalogic Solutions Private Limited. The court permitted the ED to obtain copies of 134 SFIO documents after hearing the ED, the SFIO and CMRL, notwithstanding CMRL's objection that the records should not be handed over without hearing the company.
June 8, 2026
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Rupee bulk deposit pricing and interest rate disclosure rules are proposed for banks under draft RBI amendment directions.
Greater flexibility for banks in pricing Rupee bulk deposits and uniformity in disclosure of interest rates on deposits are proposed through draft amendment directions issued for commercial banks, small finance banks, regional rural banks, payment banks, local area banks and urban co-operative banks. Comments and feedback on the draft amendment directions may be submitted by regulated entities and members of the public or other stakeholders up to the specified deadline through the online regulatory consultation platform or by email using the prescribed subject line for the relevant draft direction.
June 8, 2026
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GIFT City financial framework attracts NRIs with tax exemptions, foreign currency transactions, and simplified compliance.
GIFT City is described as India's first International Financial Services Centre, operating within a special regulatory framework that permits foreign currency financial activity and functions like an offshore financial hub. The article states that NRIs and other participants are attracted by tax exemptions, simplified compliance, a dedicated regulatory structure, and direct foreign currency transactions without mandatory conversion to rupees.
June 8, 2026
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Banking fraud investigation plea seeks court-monitored probe into alleged diversion of funds and suspicious transactions.
A public interest litigation filed in the Supreme Court alleges banking fraud involving asset reconstruction companies, public sector banks and a Noida-based infrastructure firm, and seeks a court-monitored investigation into the transactions identified in a forensic audit report. The plea asks for a judicial commission or expert committee comprising officers of the RBI, SEBI, SFIO, ED and CBI to examine the alleged corporate and banking fraud facilitated by the asset reconstruction companies. As an alternative, it seeks directions to the ED, SFIO and CBI to investigate suspicious transactions mentioned in an Ernst & Young forensic audit report.
June 8, 2026
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GST portal functionality expands digital compliance tools for registration, refunds, returns, e-way bills, and taxpayer validation.
GST portal functionality is expanded across registration, refunds, payments, returns, e-way bill management, audit, appeal, assessment, enforcement and related compliance modules. The listed updates cover bank account validation, Aadhaar authentication and e-KYC, geocoding of business premises, addition and alteration of registration data, suspension and revocation workflows, temporary user ID facilities for unregistered persons, and automated status tracking for registration and refund applications. The portal also provides return-filing and statement features such as e-invoice import, GSTR-1 and GSTR-3B enhancements, GSTR-2B validation, GSTR-4 and GSTR-9 related changes, HSN validation, sequential filing controls, late fee and interest computation adjustments, and QRMP scheme support.

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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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