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    Union Minister of Commerce and Industry Shri Piyush Goyal Leads High-Level Business Delegation to Greece Following Successful UK Engagements
    Approval of Merger scheme by Board of Directors of PFC and REC
    Rupee falls 9 paise to close at 94.54 against US dollar
    J&K CM Abdullah says international buyer-seller meet in Srinagar will boost exports
    CPI(M) top leadership 'conspired' in attack on its officers, ED tells court
    China imposes export controls on 40 Japanese entities as tensions with Tokyo rise
    Quadrasystems.net Among the First in India to Achieve ISO/IEC 42001:2023, the World's First International Standard for AI Management Systems
    'UK–India Free Trade Agreement will be India's most comprehensive agreement so far': Piyush Goyal at UK–India Week 2026
    ED questions CMRL Joint MD again in CMRL-Exalogic money laundering probe
    Rupee rises 20 paise to 94.25 against US dollar in early trade
    Amber Group eyes USD 2 bn revenue milestone soon; invests Rs 6,750 cr in UP projects
    Horticulture Minister flags off first export consignment of cherries and plums from Chandigarh to Oman
    ED attaches 4 hotels, 2 flats in DA probe against ex-IPS officer from Assam
    Amber Group eyes USD 2 bn revenue milestone soon; invests Rs 6,750 crore in UP projects
    Piyush Goyal and UK-India FTA Negotiation Teams Honoured at 10th Anniversary of IGF UK-India Awards
    UP International Trade Show to be held from Sep 25-29; Yogi asks Noida Authority to go fully online
    Best Atomberg Ceiling Fans for Bedrooms, Living Rooms, and Smart Homes in India in 2026
    APEDA Facilitates First Commercial Export of GI-Tagged Rewa Sundarja Mangoes from Madhya Pradesh to UAE
    Union Minister of Commerce and Industry Shri Piyush Goyal Announces Deployment of 1,000 Advisory Personnel Across India to Help Businesses Maximise In...
    Trump threatens 100 per cent tax on European imports if countries impose tax on digital services
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    June 29, 2026
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    Bilateral trade and investment cooperation expand as India leads business delegation to Greece for innovation partnerships.
    India is advancing bilateral trade, investment and industrial cooperation through a high-level business delegation visit to Greece following recent engagements in the United Kingdom. The programme includes startup presentations, roundtable discussions and business interactions to promote cross-border innovation partnerships, identify collaboration opportunities in infrastructure, digitalisation, defence, food and agriculture, and explore cooperation in advanced manufacturing and technology-driven sectors.
    June 29, 2026
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    Merger scheme approval for REC into PFC subject to shareholder, creditor, regulatory approvals and government control conditions.
    Board approval was given to a Scheme of Merger of REC into PFC under the Companies Act, 2013, subject to approvals from shareholders, creditors, and regulatory and governmental authorities. The Scheme is also conditional on the merged entity continuing as a Government Company and on the Government of India retaining majority voting rights and control. The valuation-based share exchange ratio provides for 88 equity shares of PFC for every 100 equity shares of REC.
    June 29, 2026
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    Rupee weakness against the US dollar reflects geopolitical tensions, dollar strength, and shifting crude oil trends.
    The rupee weakened against the US dollar after paring early gains, closing lower amid renewed geopolitical tensions and reduced investor risk appetite. Market sentiment was shaped by fresh military exchanges involving the US and Iran, a firm US dollar, and hawkish Federal Reserve expectations. Support came from lower crude oil prices, improving foreign inflows, and easing inflation concerns, while broader market indicators showed mixed conditions and higher forex reserves in the reporting week.
    June 29, 2026
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    Export promotion through buyer-seller meets is aimed at expanding market access and building export capacity for local producers.
    Export promotion through an international buyer-seller meet was highlighted as a means of strengthening outward trade by bringing foreign buyers to Jammu and Kashmir and connecting them with local artisans, exporters and prospective exporters. The initiative was also described as including training and assistance to help existing exporters expand and encourage non-exporters to start exporting, with the broader aim of market access, commercial linkage and export capacity-building.
    June 29, 2026
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    Criminal conspiracy allegations arise from an attack on ED officers during a search operation and related bail opposition.
    The Enforcement Directorate alleged that the attack on its officers and damage to vehicles after a search at a former Chief Minister's residence formed part of a criminal conspiracy linked to the top leadership of the CPI(M). It said the unlawful protest and violent assault occurred in the presence of senior party leaders, whose provocative language allegedly instigated supporters to escalate the demonstration into physical violence. The agency treated the episode as interference with the rule of law and filed its objection in opposition to a bail plea in the case arising from the incident.
    June 29, 2026
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    Export controls on dual-use goods tighten as China targets Japanese entities over alleged remilitarisation.
    China imposed new export controls on 40 Japanese entities, placing 20 on a control list that prohibits exports of China-made dual-use items and 20 more on a watch list subject to licensing, risk assessment and written assurances. The controls target entities said to be contributing to Japan's remilitarisation and apply to goods that may be used for both civilian and military purposes.
    June 29, 2026
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    AI governance certification under ISO/IEC 42001:2023 establishes audited controls for lifecycle risk, accountability, and deployment practices.
    Certification under ISO/IEC 42001:2023 requires an independent external audit and establishes auditable requirements for AI governance across the full lifecycle, including risk management, accountability structures, data practices, deployment controls, and incident response. The standard cannot be self-attested and is described as addressing enterprise, procurement, and vendor-risk expectations for AI systems used in regulated environments. The certified scope covers the organisation's AI practice for production-grade systems, extending its independently audited governance framework to AI operations.
    June 29, 2026
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    Free Trade Agreement drives deeper UK-India cooperation across investment, innovation, services and future industries.
    The UK-India Free Trade Agreement was presented as a major milestone in India's trade strategy and as the most comprehensive agreement India has entered into so far, with implementation expected to begin in July. The Agreement was described as a platform for deeper bilateral cooperation across goods, services, investment, innovation and future industries, and as part of a broader reset in UK-India relations aimed at reducing barriers and strengthening long-term economic engagement. The Forum emphasised the Agreement as the basis for a new phase of investment, innovation and strategic partnership.
    June 29, 2026
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    Money laundering probe over alleged CMRL-Exalogic transactions and suspected proceeds of crime under prevention law.
    Enforcement Directorate questioned the Joint Managing Director of CMRL in a money laundering probe concerning alleged financial transactions between CMRL and Exalogic Solutions Pvt Ltd, with allegations of payment without services and loans extended despite delayed repayment. The case proceeds under the Prevention of Money Laundering Act on the basis of a prosecution complaint filed by the Serious Fraud Investigation Office, following findings of the Income Tax Department and prior scrutiny of CMRL after a raid reportedly detected suspected irregularities.
    June 29, 2026
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    Rupee appreciation supported by easing crude prices, stronger foreign inflows, and rising forex reserves despite firm dollar pressure.
    The rupee appreciated in early trade on support from easing crude oil prices and improving foreign inflows, even as a firm US dollar and subdued risk appetite weighed on sentiment. India's foreign exchange reserves increased in the latest reported week, indicating a rebuilding of the Reserve Bank's buffer after earlier dollar sales. The broader market backdrop included a steady dollar index, higher Brent crude, domestic equity weakness, and net foreign institutional investment into equities.
    June 27, 2026
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    Electronics manufacturing expansion drives Amber Group's localisation and import substitution strategy through large Uttar Pradesh investments.
    Amber Group is expanding its manufacturing footprint in Uttar Pradesh through large-scale investments in electronics, consumer durables and allied component production. The proposed projects at YEIDA include a high-density interconnect printed circuit board and semiconductor substrate manufacturing unit through a 70:30 joint venture, together with an expanded air-conditioner and components complex, with funding to be executed in phases through internal accruals, debt, equity and foreign direct investment from Korea. The expansion is positioned as a backward-integration and localisation strategy, supported under the Centre's Electronics Component Manufacturing Scheme and incentives from the Uttar Pradesh government.
    June 27, 2026
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    Horticulture export expansion opens overseas market access for Himachal Pradesh stone fruits through air cargo shipment to Oman.
    First export consignment of cherries and plums was flagged off from Chandigarh to Oman by air cargo, marking an initial international market entry for Himachal Pradesh's stone fruits. The initiative was undertaken through collaboration between the Himachal Pradesh Horticultural Produce Marketing and Processing Corporation and the Agricultural and Processed Food Products Export Development Authority to support grading, packing, quality testing and related export arrangements for farmers.
    June 27, 2026
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    Money laundering and disproportionate assets: attached hotels and flats linked to alleged proceeds routed through companies.
    Provisional attachment of four hotels in Guwahati and two residential flats in Mumbai, valued at about Rs 53.28 crore, was made under the Prevention of Money Laundering Act in a money laundering case linked to alleged disproportionate assets against a retired IPS officer from Assam. The Enforcement Directorate stated that the officer and his wife were found to have assets worth about Rs 79 crore against disclosed income and expenditure of Rs 7.23 crore and Rs 9.04 crore respectively, and that the proceeds were routed through three companies, including Ishan Commercial.
    June 27, 2026
    Show AI Summary
    Manufacturing expansion and electronics growth drive Amber Group's near-term revenue target and major Uttar Pradesh investments.
    Amber Group expects to reach the USD 2 billion revenue level in the near term, supported by growth in consumer durables, electronics, railway and defence businesses. It is investing about Rs 6,785 crore in manufacturing projects at YEIDA, including a joint venture unit for HDI printed circuit boards, flexible printed circuit boards and semiconductor substrates, and an expanded air-conditioner and components complex. The projects aim at backward integration, localisation, domestic supply and eventual exports.
    June 27, 2026
    Show AI Summary
    UK-India FTA leadership recognised as awards celebrate trade, finance, education and social impact across the bilateral partnership.
    The UK-India Awards 2026 recognised individuals and institutions for contributions to the UK-India corridor and the broader bilateral partnership, including trade, finance, consulting, lifesciences, education, social impact and sports. The UK-India FTA negotiating teams and Piyush Goyal received the Exceptional Leadership in Elevating UK-India Ties award for advancing the historic UK-India Free Trade Agreement, while other honourees were recognised for sustained contributions to specific areas of the relationship.
    June 27, 2026
    Show AI Summary
    Digital governance and land allotment enforcement drive Uttar Pradesh's push for online services, investment promotion, and project monitoring.
    The Uttar Pradesh government set the fourth edition of the Uttar Pradesh International Trade Show for September 25 to 29 in Greater Noida, presenting it as a platform to showcase the state's manufacturing strength, attract foreign buyers and facilitate business-to-business and business-to-consumer engagement as well as export orders. The Chief Minister also directed the Noida Authority to move all services online, monitor projects through an Integrated Command and Control Centre, and take action against land allottees who have not developed allotted land within the stipulated period.
    June 27, 2026
    Show AI Summary
    Energy-efficient Atomberg ceiling fans combine BLDC technology with EMI purchase options and smart-home convenience features.
    Energy-efficient Atomberg ceiling fans are presented with BLDC motor technology and features such as remote control, timer functions, boost mode, app connectivity, voice control and integrated lighting. Purchase is promoted through Bajaj Finance partner stores and an Easy EMI Loan structure, subject to pre-approved eligibility, store availability and selected repayment tenure. The release also states that Bajaj Finance Limited is an RBI-registered deposit-taking NBFC engaged in lending and acceptance of deposits.
    June 27, 2026
    Show AI Summary
    Geographical Indication exports gain momentum as Rewa Sundarja Mangoes enter overseas markets through coordinated export facilitation.
    APEDA facilitated the first commercial export of GI-tagged Rewa Sundarja Mangoes from Madhya Pradesh to the United Arab Emirates through coordinated work with horticulture authorities, exporters, Farmer Producer Organisations, pack house operators and farmers. The consignment was sourced, graded, sorted, packaged and cleared under export-quality and phytosanitary requirements before shipment, and the initiative is described as strengthening the export potential of GI agricultural products and improving income realisation for growers in the Rewa region.
    June 27, 2026
    Show AI Summary
    India-UK CETA expands market access, eases professional mobility, and grants eligible professionals social security exemption.
    Deployment of 1,000 advisory personnel and upgradation of the trade portal are announced to help businesses maximise benefits under the forthcoming India-UK Comprehensive Economic Trade Agreement. The agreement is described as India's most comprehensive free trade agreement, expected to improve market access, competitiveness of Indian enterprises and mobility for professionals. For eligible Indian professionals in the United Kingdom, it provides a five-year exemption from social security contributions and allows the savings to be placed in interest-bearing, tax-free provident fund accounts in India.
    June 26, 2026
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    Tariff threat over digital services taxes escalates pressure on countries taxing American technology companies abroad.
    A threatened tariff response targets countries that impose digital services taxes on United States companies, with the stated aim of deterring foreign taxation of American technology businesses. The measure is described as applying broadly to imports from countries adopting such taxes and as overriding previously negotiated trade arrangements. The text also notes that digital services taxes remain a trade sticking point and that the issue has been examined through United States trade investigations.

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      Customs, DGFT & SEZ

      MPEDA Concludes Second National Skill Olympiad on Seafood Value Addition at Seafood Expo Bharat 2026

      July 2, 2026

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      MPEDA Trains Over 2,500 Seafood Processing Professionals Through 50 Value Addition Programmes

      The grand finale of the second edition of the National Skill Olympiad on Seafood Value Addition was held during Seafood Expo Bharat 2026 in Kochi on Wednesday. An initiative of the Marine Products Export Development Authority (MPEDA), the Olympiad brought together ten trained seafood processing professionals, who demonstrated their culinary skills and technical expertise in preparing value-added seafood products. In a closely contested finale, P. Surya Bhaskar of Devi Fisheries Ltd., Kakinada, Andhra Pradesh, emerged as the winner.

      Muthu Kumaran of Theva & Co., Tuticorin, Tamil Nadu, secured the second position, while Ms Sagarika Sardar of SS Seafoods Pvt. Ltd., Kolkata, West Bengal, and Ms Barasarani Jena of Sabri Food Products Pvt. Ltd., Bhubaneswar, Odisha, secured the third and fourth positions, respectively.

      The winner received a cash prize of Rs 1,00,000, while the second and third prize winners received Rs 75,000 and Rs 50,000, respectively. A consolation prize of Rs 25,000 was awarded to the fourth-position holder.

      In the run-up to the event, MPEDA conducted 50 Seafood Value Addition Training Programmes across the east and west coasts of India, through which more than 2,500 seafood processing workers and professionals were trained in preparing seafood products with high demand in international markets.

      The regional rounds of the Olympiad were held in Mumbai for the West Coast Zone and Visakhapatnam for the East Coast Zone. The ten finalists were selected from among the participants in the regional rounds held on June 30.

      During the grand finale, the finalists were tasked with preparing six value-added seafood products that are in demand in international markets—Nobashi Shrimp, Breaded Butterfly Shrimp, Cooked Peeled Deveined Tail-On (PDTO) Shrimp, Marinated Shrimp Skewers, Breaded Squid Rings and Fish Fillets.

      Chairman, MPEDA, Shri P. Jawahar; Director, Dr Ram Mohan M.K.; Secretary, Dr Gibin Kumar; Joint Director, Shri Anilkumar; and Chief Guest and CEO, Seafood Exporters Association of India (SEAI), Dr K. N. Raghavan, distributed cash prizes, medals and certificates to the winners.

      The competition was evaluated by a jury comprising Senior Scientist, ICAR-CIFT, Kochi, Dr Sarika K.; Processing and Quality Assurance Supervisor, NIFPHATT, Kochi, Dr Nithin C.T.; Production Manager, Parayil Seafood Pvt. Ltd., Shri Francis Assisi; General Manager, Sandhya Aqua Exports Pvt. Ltd., Shri Jayan Jacob; and General Manager, VKM Foods, Shri Vijayakrishna. The participants were assessed on the basis of technical skill, hygiene, precision, presentation and the quality of the finished products.

      Chairman, MPEDA, Shri P. Jawahar, said the Olympiad represents an important milestone in building a resilient and globally competitive seafood sector capable of meeting the evolving expectations of international markets. He said MPEDA is making sustained efforts to strengthen quality assurance, food safety, processing excellence, workforce skilling, sustainable seafood production and reliable supply chains. He added that the Olympiad serves as an important platform for strengthening India's seafood export ecosystem.

      The event was 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 were showcased at the Skill Olympiad Pavilion, along with live demonstrations and tasting sessions featuring export-oriented seafood value-added products developed through MPEDA's training programmes. A tasting session of the products was also organised at the MPEDA Skill Olympiad Pavilion.

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