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    Kerala organ trafficking racket operated under guise of medical tourism co, says ED
    MP: ED conducts raids in 'fake' road construction bills case, freezes deposits worth about Rs 3 cr
    ED summons former Kerala CM’s daughter again in CMRL money laundering case
    ED attaches over Rs 1,000-cr assets in Goa 'illegal' iron ore mining case
    India boosts Russian, UAE oil purchases in Jun ahead of full Hormuz recovery
    Amid global uncertainties, par panel to study evolving economic conditions in India
    Limited increase in petrol, diesel prices in India despite global crude oil market volatility: Puri
    Hyderabad: ED auctions assets worth Rs 159 cr in Heera Group fraud case
    No real spike in petrol, diesel prices in India despite global crude oil market volatility: Puri
    BCBA Hosts Landmark Second Edition of The India Logistics Conclave 2026 at The Taj Mahal Palace, Mumbai
    HSBC INDIA OPENS NEW BRANCH IN SURAT TO SUPPORT WEALTH EXPANSION
    DBS Global University Achieves Record Placements with Sector-Diversified Strategy
    SC junks bizman's plea challenging legality of ED searches in TASMAC case
    Best 10 Rugs and Carpet Brands in India for Luxury Homes - The Ambiente
    Minutes of the Monetary Policy Committee Meeting, June 3 to 5, 2026 [Under Section 45ZL of the Reserve Bank of India Act, 1934]
    Bharat Buildcon 2026 Day Two Witnesses Strong Business Momentum; Global Buyers, Industry Leaders and Policymakers Drive High-Value Engagements
    Commerce Secretary Shri Rajesh Agrawal co-chairs 14th Session of India-Uzbekistan Intergovernmental Commission
    India to assume Vice-Presidency of the Financial Action Task Force for the first time
    NFRA and ICAI collaborate to organise a workshop on “Creating a Better Financial Reporting Ecosystem” at Pune
    UP's exports to BRICS nations cross USD 5.36 billion during FY2025-26: Govt
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    June 21, 2026
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    Organ trafficking through fake medical tourism and forged donor records triggered money-laundering investigation and account freezes.
    Enforcement Directorate investigation under the Prevention of Money Laundering Act concerns an alleged organ trafficking racket in Kerala that operated through a front medical tourism company and exploited financially distressed donors. The alleged network was said to involve forgery, cheating, criminal conspiracy and illegal organ trafficking under the guise of altruistic organ donation, with forged records, transplant-related documents, searches, seizures, account freezing and examination of properties and financial trails to trace the proceeds of crime.
    June 21, 2026
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    Fake road construction bills trigger money laundering probe linked to forged invoices and alleged wrongful government payments.
    Enforcement Directorate action under the Prevention of Money Laundering Act was taken on the basis of FIRs registered by the Economic Offences Wing concerning alleged submission of fake bills in road construction works of the Madhya Pradesh Rural Road Development Authority. Contractors were said to have conspired with project implementation unit officials and fraudulently obtained government payments by using forged and fabricated invoices purportedly issued in the names of oil companies.
    June 21, 2026
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    Money laundering probe over alleged CMRL payments and related loans leads to fresh notice for questioning.
    Fresh notice was issued to Veena T for appearance in a money-laundering inquiry under the Prevention of Money Laundering Act concerning alleged transactions between Cochin Minerals and Rutile Ltd (CMRL) and her now-defunct IT company, Exalogic Solutions Pvt Ltd. The probe concerns allegations that CMRL made payments to Exalogic without corresponding services and that related loans were extended despite alleged default, with the Enforcement Directorate alleging that these transactions generated proceeds of crime.
    June 21, 2026
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    Prevention of Money Laundering Act attachment targets alleged illegal iron ore mining proceeds routed through offshore entities and assets.
    Provisional attachment under the Prevention of Money Laundering Act was issued in an alleged illegal iron ore mining case involving the Salgaocar Groups and associates in Goa. The attachment covered immovable properties in India and Singapore, along with equity shares in connected entities, on the basis that the assets were linked to proceeds generated from alleged unlawful mining, sale and export of iron ore. The alleged laundering route involved layering through BVI and Singapore-based special purpose vehicles, acquisition of overseas assets, and partial routing of funds back into India as share capital.
    June 21, 2026
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    Crude supply diversification drives India's higher Russian and UAE oil purchases as Hormuz flows slowly normalise.
    India increased crude oil purchases from Russia and the United Arab Emirates in June as refiners sought to secure supplies ahead of the fuller restoration of traffic through the Strait of Hormuz. Russian crude remained the largest source of supply, supported by competitive discounts and steady refinery demand, while India also raised purchases from Atlantic Basin and Venezuelan sources to diversify amid disruption to Gulf flows. The reopening of the Strait of Hormuz is expected to normalise energy shipments in stages, with LPG recovering first, followed by LNG and crude oil.
    June 21, 2026
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    Economic conditions in India to be examined amid global uncertainty, with focus on growth, inflation, employment, and trade.
    Parliamentary financial oversight has added evolving economic conditions in India as a subject for detailed examination for the year 2025-26. The proposed study is directed to assess the country's economic position in light of global uncertainty, geopolitical tensions, tariff-related pressures, supply chain disruptions, and commodity price fluctuations, with particular attention to growth, inflation, employment, investment trends, fiscal management, banking developments, trade, and the impact of external developments on domestic conditions.
    June 20, 2026
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    Petrol and diesel price stability highlighted amid global crude volatility, with excise duty cuts and inventory costs absorbing pressure.
    Petrol and diesel prices in India have remained relatively stable despite volatility in global crude oil markets, with excise duty reductions said to have absorbed the burden of price swings. The minister said oil marketing companies are facing losses on higher-cost crude inventories, but fuel prices could soften when lower-priced crude reaches refiners. The address also highlighted Sonbhadra's development ranking, Uttar Pradesh's economic growth, startup expansion and tourism-driven activity in Ayodhya, Kashi and Prayagraj.
    June 20, 2026
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    Money laundering asset auction: attached Heera Group properties sold for investor restitution under judicial supervision.
    The Enforcement Directorate auctioned 23 immovable assets earlier attached under the Prevention of Money Laundering Act as properties derived from the proceeds of crime in the Heera Group money-laundering investigation. The auction was conducted through MSTC pursuant to directions of the Supreme Court, and the proceeds are to be used for restitution and repayment of genuine investors under judicial supervision.
    June 20, 2026
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    Fuel pricing stability remains despite crude volatility as excise duty cuts and inventory effects cushion consumers.
    Petrol and diesel prices in India have not materially increased despite volatility in global crude oil markets, with the government saying excise duty reductions absorbed much of the pressure. The statement says oil marketing companies have faced losses without passing the full burden to consumers, and that fuel prices may soften when lower-priced crude reaches refiners. It also highlights India's economic growth, Sonbhadra's development progress, and Uttar Pradesh's expansion in industry, employment and tourism-linked infrastructure.
    June 20, 2026
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    Logistics ecosystem collaboration drives India's trade facilitation agenda at the India Logistics Conclave 2026.
    The Brihanmumbai Custom Brokers' Association hosted the second edition of the India Logistics Conclave 2026 in Mumbai, bringing together more than 550 delegates, government leaders and industry participants from the customs, ports, shipping, trade and logistics sectors. The conclave featured sessions on the roadmap for India's long-term development, the digital backbone of customs and trade, geopolitics and trade, and policy and infrastructure for a futuristic logistics ecosystem.
    June 20, 2026
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    Wealth banking expansion drives HSBC India's new Surat branch, strengthening services for affluent and non-resident clients.
    HSBC India opened a new branch in Surat, Gujarat, to strengthen its presence in an emerging wealth and industrial centre and expand services for affluent, HNW, UHNW and non-resident Indian customers. The launch forms part of the bank's broader wealth strategy in India and follows Reserve Bank of India approval in 2025 to open additional branches in key cities. HSBC India said the branch is intended to support a growing customer base in emerging wealth hubs and its continued branch network expansion across India.
    June 20, 2026
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    Sector-diversified placement strategy strengthens recruiter confidence and broadens student opportunities across multiple industries.
    DBS Global University reported a placement season driven by a sector-diversified recruitment strategy intended to reduce dependence on any single industry amid broader hiring slowdowns, especially in IT and banking. The placement team expanded relationships across core and emerging sectors, using placement intelligence, alumni networks and a curriculum aligned to industry needs to maintain recruitment momentum across a wider employer base. Placements were described across IT, FMCG, cement, home construction, retail, edtech, logistics, banking, consulting, NBFC, insurance, ecommerce and manufacturing, with roles in leadership, supply chain management, operations and brand management.
    June 20, 2026
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    Enforcement Directorate searches and seizure proceedings in a TASMAC-linked money-laundering probe faced challenge over their legality.
    Challenge to the legality of Enforcement Directorate searches and seizure proceedings at a businessman's residence in a money-laundering probe linked to TASMAC. The plea sought quashing of searches conducted on multiple dates, but the High Court had declined to examine their validity at that stage. The Supreme Court upheld that approach and did not entertain the challenge to the searches.
    June 20, 2026
    Show AI Summary
    Luxury rug selection in India favors handmade craftsmanship, bespoke customization, and durable natural materials for homes and hotels.
    Luxury rug and carpet selection in India is presented as a matter of craftsmanship, material quality, customization, and project suitability, with handmade and hand-knotted products positioned as superior to machine-made alternatives for durability, design flexibility, sustainability, and long-term value. The guide identifies The Ambiente as the leading luxury rug brand, emphasizing bespoke handmade rugs from Bhadohi, strong customization, premium materials, and suitability for homes, villas, hotels, and corporate spaces.
    June 20, 2026
    Show AI Summary
    Monetary policy status quo amid energy shocks, with repo rate unchanged and neutral stance retained as inflation risks build.
    The Monetary Policy Committee reviewed global and domestic macroeconomic conditions amid prolonged West Asia conflict, elevated energy prices, supply-chain disruptions, and weather-related risks. It unanimously kept the policy repo rate unchanged at 5.25 per cent and retained the neutral stance, while the standing deposit facility rate, marginal standing facility rate, and Bank Rate remained unchanged. The minutes project real GDP growth at 6.6 per cent for 2026-27 and CPI inflation at 5.1 per cent, with continued vigilance on energy pass-through, food prices, and inflation expectations.
    June 20, 2026
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    Building materials trade and export linkages gain momentum as Bharat Buildcon 2026 connects global buyers and manufacturers.
    Bharat Buildcon 2026 highlighted the expansion of India's building materials and construction sector through a large-scale exhibition, business networking platform and industry conference programme bringing together domestic and international buyers, manufacturers, policymakers and trade stakeholders. The event featured buyer-seller meetings, product showcases and knowledge-sharing sessions aimed at strengthening export linkages, market access and business collaboration across categories such as ceramics, tiles, sanitaryware, bathware, hardware, plywood, laminates, paints, construction chemicals, machinery and building technologies. The exhibition also underscored policy and infrastructure themes linked to water conservation, sustainable infrastructure development, real estate growth, industrial expansion and urbanisation. Discussions referenced government-led development initiatives and the broader role of manufacturing, logistics, hospitality, transportation and services in supporting industry growth.
    June 20, 2026
    Show AI Summary
    Trade expansion and non-tariff barrier review shape India-Uzbekistan cooperation across sectors, digital systems and logistics.
    India and Uzbekistan agreed to deepen bilateral trade, address non-tariff barriers and work towards doubling trade over the next three years through the India-Uzbekistan Intergovernmental Commission on Trade, Economic, Scientific and Technological Cooperation. The parties discussed expansion of Indian exports across multiple sectors, priority cooperation in pharmaceuticals and agriculture, and wider collaboration in ICT, digital infrastructure, customs data exchange, payment systems, energy and critical minerals. Non-tariff barriers, logistics connectivity and business engagement were identified as key areas for review and implementation.
    June 20, 2026
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    Anti-money laundering leadership strengthens as India assumes FATF Vice-Presidency for the first time.
    India has assumed the Vice-Presidency of the Financial Action Task Force for the first time, with Shri Vivek Aggarwal appointed for the term July 2026 to June 2027. The Vice-President is elected by the FATF Plenary and assists the President in steering the organisation's work. The appointment places an Indian official in a key role within the global standard-setting body for anti-money laundering and counter-terrorist financing.
    June 20, 2026
    Show AI Summary
    Audit quality and financial reporting standards drive NFRA-ICAI workshop focus on professional capacity and global competitiveness.
    NFRA, in collaboration with ICAI, organised a workshop in Pune to enhance professional capacity for audit practitioners, strengthen audit quality and improve the quality of financial reporting. The programme focused on the role of the accountancy profession in safeguarding public interest and maintaining trust in financial reporting, while urging audit firms, including small and medium practitioners, to align with contemporary global standards and continuously improve competence.
    June 20, 2026
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    MSME-led trade expansion drives Uttar Pradesh's BRICS exports, with industrial support schemes linking artisans, youth and global markets.
    Uttar Pradesh reported expanding trade links with BRICS member and partner countries, with exports of machinery, garments, leather, carpets and precious stones crossing USD 5.36 billion in 2025-26. The state also highlighted the MSME sector as a driver of employment and growth, along with the One District One Product scheme, Vishwakarma Shram Samman Yojana, youth entrepreneurship support through interest-free, guarantee-free loans, and MSME parks under the PLEDGE scheme.

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      Customs, DGFT & SEZ

      MPEDA to Organise Second National Seafood Skill Olympiad During Seafood Expo Bharat 2026

      June 30, 2026

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      MPEDA Conducts 50 Nationwide Seafood Value Addition Training Programmes Ahead of National Seafood Skill Olympiad

      Seafood Expo Bharat 2026 to Bring Together 5,000 Global Stakeholders for Business and Technology Exchange

      The Marine Products Export Development Authority (MPEDA), under the Ministry of Commerce & Industry, will organise the second edition of the National Seafood Skill Olympiad from July 1 to 3, 2026, as part of Seafood Expo Bharat (SEB) 2026. The Olympiad will bring together skilled seafood processing professionals from across the country to showcase their expertise in preparing value-added seafood products.

      The competition aims to promote innovation, enhance quality standards, recognise industry talent, and strengthen workforce development in India's seafood processing sector, while encouraging greater value addition in marine exports.

      As a precursor to the second edition of the Skill Olympiad, MPEDA conducted an extensive nationwide capacity-building programme comprising 50 Seafood Value Addition Training Programmes. More than 2,500 seafood processing workers and professionals were trained in the preparation of value-added marine products that are in high demand in international markets.

      The training covered products such as breaded squid rings, Nobashi (stretched shrimp), breaded butterfly shrimp, cooked Peeled, Deveined, Tail-On (PDTO) shrimp, marinated shrimp skewers and fish fillets. Preliminary-level skill competitions were conducted following each training programme, and the best performers were shortlisted.

      The competition subsequently progressed through State-Level Skill Olympiads conducted across the coastal states, followed by Regional Skill Olympiads held in Mumbai for the West Coast and Vijayawada for the East Coast. The top 10 performers from these regional competitions have qualified for the National Seafood Skill Olympiad Grand Finale.

      During the Grand Finale, the finalists will demonstrate their technical expertise before an eminent jury comprising experts from the seafood processing industry and academia. The winners will be presented with medals, certificates and cash prizes of ₹1,00,000 for the first prize, ₹75,000 for the second prize, ₹50,000 for the third prize and ₹25,000 for the fourth prize (consolation).

      The event will be attended by senior officials from the Central and State Governments, seafood exporters, international buyers, industry leaders, technical experts and delegates participating in Seafood Expo Bharat 2026.

      The award-winning value-added seafood products prepared by the finalists will be showcased at the Skill Olympiad Pavilion. The pavilion will also feature live demonstrations and tasting sessions of export-oriented value-added seafood products developed through MPEDA's training programmes.

      MPEDA Chairman Shri P. Jawahar said that the National Seafood Skill Olympiad reflects MPEDA's commitment to fostering excellence across the seafood value chain. He said that by recognising and promoting skilled professionals, the initiative is strengthening the industry's workforce and further enhancing India's position as a trusted global supplier of high-quality seafood.

      He further stated that investment in human capital is essential for sustaining India's leadership in the blue economy and that the flagship initiative would help create a highly skilled workforce capable of meeting the evolving demands of international markets.

      Seafood Expo Bharat 2026, India's premier international seafood exposition will feature more than 325 exhibition stalls across dedicated segments covering seafood processing, aquaculture, packaging machinery, logistics and government pavilions.

      Over the three-day event, nearly 5,000 domestic and international stakeholders are expected to participate in high-level business-to-business meetings, engage with stakeholders across retail and aquaculture value chains, and attend five parallel technical sessions focusing on innovation, sustainability and emerging industry trends.

      The exposition will also host major workforce and culinary events, including the National Seafood Skill Olympiad and the Seafood Culinary Olympiad, providing a comprehensive platform for industry stakeholders to expand business opportunities, promote innovation and forge strategic partnerships across the global seafood value chain.

      India's seafood exports reached a record USD 8.45 billion during FY 2025-26, reaffirming the country's position as one of the world's leading seafood exporting nations. The country currently has 670 approved seafood processing units with a combined processing capacity exceeding 40,000 metric tonnes per day. Of these, 127 units manufacture value-added seafood products, contributing nearly 10 per cent (USD 0.84 billion) of India's total seafood exports.

      Recognising the significant growth potential of the value-added seafood segment, India has set an ambitious target of increasing the share of value-added products to 25 per cent of total seafood exports by 2030.

      To achieve this objective, MPEDA has been implementing a range of schemes and capacity-building initiatives to promote product innovation, strengthen processing and value addition infrastructure, develop a skilled workforce, and enhance awareness of quality standards across the seafood processing sector.

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