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    India, US begin high-level trade talks as two nations rework deal amid tariff changes
    Goyal, US Trade Representative Greer begin talks on trade pact
    ED raids in MP, Chhattisgarh in PMLA case
    Starmer leaves India-UK relations on strong footing for next UK PM, say experts
    Telangana pitches for 44 pc import duty on crude palm oil, exclusive RFCL urea allocation
    Day 3 of CJP sit-in at Jantar Mantar: Dipke steps up attack over NEET row; protesters stay put
    NABARD appoints G Ramesh Kumar as new CGM of Assam unit
    Adverse monsoon may pose headwinds for domestic growth, inflation outlook: RBI Bulletin
    Day 3 of CJP sit-in at Delhi's Jantar Mantar: Dipke steps up attack over NEET row
    Two-Day National Chintan Shivir on Environment-Related Trade Measures and FTAs Begins in New Delhi
    Punjab's bicycle industry seeks release of pending GST refunds
    Bharat Buildcon 2026 Generates Rs. 400 Plus Crore Business, Emerges as India's Largest Global Platform for Building Materials Industry
    Manage Your Budget and EMIs with a Bajaj Finance Personal Loan Calculator in 2026
    Maharashtra govt tables Rs 97,706 cr supplementary demands; Rs 20,552 cr for farm loan waiver
    ED questions CMRL finance chief in Exalogic money laundering probe
    APEDA Facilitates First-Ever Export of Dried Whole Egg Powder from Odisha to Austria
    Participants of founding batch of Masters in Financial and Economic Crimes programme Visit EAC-PM; Quarterly Newsletter on Economic Security Launched
    Farmers invited to join CJP stir as Jantar Mantar protest heads into third day
    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
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    June 23, 2026
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    Bilateral trade agreement talks focus on tariff changes, interim commitments, and revised market-access terms between India and the United States.
    High-level trade talks between India and the United States focused on reworking a proposed bilateral trade agreement after changes in US tariff policy altered the earlier framework. The discussions concerned an interim pact sought before expiry of the United States' temporary additional tariff regime, with both sides revisiting tariff commitments that had been built into the February framework and later affected by a Supreme Court ruling and subsequent tariff changes. The talks were also linked to broader efforts to strengthen economic ties and give final shape to the first phase of the Bilateral Trade Agreement.
    June 23, 2026
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    Bilateral trade agreement talks focus on tariff realignment, market access commitments, and a conditional framework for mutual adjustments.
    Bilateral trade agreement talks between India and the United States centred on finalising the first phase of an interim framework for reciprocal and mutually beneficial trade, with both sides reviewing the earlier contours of the pact in light of changes in the United States tariff regime. The framework contemplated tariff reductions on Indian goods and wider market-access commitments by India, along with proposed Indian purchases of energy products, aircraft, precious metals, technology products and coking coal over a five-year period. The negotiations were being revisited to realign the first-phase agreement with the changed tariff structure.
    June 23, 2026
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    Money laundering investigation leads to searches over a private university's financial affairs under the Prevention of Money Laundering Act.
    Enforcement Directorate searches were conducted in Madhya Pradesh and Chhattisgarh as part of a money laundering investigation concerning the financial affairs of a private university. About ten locations were searched under the Prevention of Money Laundering Act, and the inquiry was linked to an FIR registered by the Economic Offences Wing of the Madhya Pradesh Police.
    June 22, 2026
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    India-UK free trade agreement and strategic partnership remain on a strong footing after Starmer's resignation.
    India-UK relations are described as remaining on a strong footing following Keir Starmer's resignation, with British Indian experts stating that the UK-India Free Trade Agreement and the broader bilateral partnership are likely to continue under the next Labour leader. The commentary emphasises that Starmer is credited with signing the agreement, resetting ties with India, and placing the relationship on a stable platform for future growth in trade, business, technology, clean energy, skills and strategic cooperation.
    June 22, 2026
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    Agricultural supply stability and industrial infrastructure drives shape Telangana's demand for higher palm oil duty and exclusive urea allocation.
    Telangana urged restoration of the import duty on crude palm oil to 44 per cent and exclusive allocation of urea from the Ramagundam Fertilizers and Chemicals Limited plant to the state. The requests were framed around fertiliser supply stability and protection of oil palm farmers' livelihoods ahead of the kharif sowing season. The state also sought central support for industrial and logistics projects, including a logistics hub, plug-and-play industrial parks, an Aero-Defence Corridor, mega leather parks, and a Multi-Modal Logistics Park.
    June 22, 2026
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    NEET paper-leak controversy drives a sustained sit-in protest demanding accountability and education system reforms.
    A sit-in protest at Jantar Mantar continued for the third consecutive day over alleged NEET examination irregularities and the paper-leak controversy, with demonstrators demanding accountability and the resignation of the Education Minister. Protesters said students were being penalised for minor delays or for circumstances arising from the cancelled examination, while those allegedly involved in the leak had not been held to account. The agitation was maintained amid police deployment, and candles were lit in memory of students said to have died by suicide following the controversy.
    June 22, 2026
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    Banking leadership appointment at NABARD brings an experienced executive to head its Assam unit with immediate effect.
    NABARD appointed G Ramesh Kumar as Chief General Manager of its Assam unit with immediate effect, replacing Loken Das. He has over 30 years of experience in banking and finance, including rural and development banking, project and corporate debt financing, and prior leadership roles within NABARD and its subsidiaries.
    June 22, 2026
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    Growth and inflation outlook face monsoon and geopolitical risks, while the Indian economy remains supported by strong fundamentals.
    Adverse south-west monsoon conditions may create headwinds for domestic growth and the inflation outlook, while the global economic landscape remains fragile amid continuing geopolitical tensions and trade disruptions. A breakdown of the interim West Asia peace arrangement could revive risks relating to inflationary expectations, energy infrastructure, investment spending, food security, financial stability, and structurally lower growth. The Indian economy is described as having stronger fundamentals, with growth supported by private consumption and fixed investment, anchored inflation, and a resilient external sector.
    June 22, 2026
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    Accountability in the NEET paper leak controversy drives continued sit-in protest and demands for examination reforms.
    Demand for accountability in the NEET examination controversy continued at Jantar Mantar as the CJP held a sit-in protest over alleged paper leak, examination irregularities and the cancellation of the test. Protesters, including some NEET aspirants who took the re-examination, said they were mentally distressed by having to prepare and sit for the exam again after the earlier cancellation. The protest centred on criticism of the government's handling of late-arriving students, alleged inaction over the paper leak, and calls for the resignation of the Education Minister and reforms in the examination system.
    June 22, 2026
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    Environmental trade measures shape WTO and FTA discussions on export competitiveness, market access, and sustainable trade practices.
    A two-day National Workshop/Chintan Shivir examines environment-related non-tariff measures and their implications for WTO rules and India's free trade agreements. The deliberations focus on the growing use of environmental and climate-linked trade measures, their impact on Indian exports and export competitiveness, and strategic responses that preserve market access while supporting sustainable trade practices. The workshop covers Technical Barriers to Trade, sustainability-related non-tariff measures, and carbon- and deforestation-related trade measures.
    June 22, 2026
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    GST refund delays deepen working capital stress for bicycle manufacturers seeking faster, transparent processing.
    Punjab bicycle manufacturers have sought immediate release of pending GST refunds, saying delays in processing refund claims have created severe working capital and liquidity stress. They said higher GST on inputs than on bicycles has blocked substantial funds, and urged a fully faceless and online refund mechanism to improve transparency and reduce corruption.
    June 22, 2026
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    Trade exhibition platform boosts Indian manufacturing, export opportunities and global buyer engagement across the building materials sector.
    Bharat Buildcon 2026 served as a major trade exhibition for the building materials, construction and infrastructure sectors, bringing together manufacturers, exporters, architects, builders, developers, contractors, distributors, retailers and global buyers on a single platform. The event showcased Indian manufacturing capabilities across multiple product categories and created opportunities for domestic and international business engagement. It also enabled Indian MSMEs and emerging manufacturers to connect with overseas buyers, distributors and sourcing partners, supporting export exploration, market expansion and broader global access.
    June 22, 2026
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    Unsecured personal loans with EMI calculator help borrowers compare tenures, estimate repayments, and plan budgets flexibly.
    Bajaj Finance Personal Loan is described as an unsecured, collateral-free borrowing option with repayment tenures from 12 months up to 108 months, interest rates based on borrower profile, and a fully online application process with minimal documentation. A personal loan calculator helps borrowers estimate EMIs and total repayment amounts by comparing loan amount, tenure, and interest rate, enabling budget planning and repayment assessment before applying.
    June 22, 2026
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    Supplementary budget demands expand funding for farm loan waiver, welfare schemes, utilities and infrastructure.
    Supplementary demands were tabled for the Maharashtra government, covering additional spending across unavoidable expenditure, programme-related spending and centrally supported schemes, with the net burden reduced after adjustments and recoveries. The largest proposed outlay was for the farm loan waiver scheme, alongside provisions for interest-free loans, electricity sector liabilities, urban development, employment missions, irrigation, welfare pensions, scholarship support and other public programmes.
    June 22, 2026
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    Money laundering inquiry over alleged payments without services and related loan transactions between CMRL and Exalogic Solutions.
    Money laundering inquiry concerns alleged financial transactions between Cochin Minerals and Rutile Ltd. and Exalogic Solutions Pvt Ltd, including allegations that payments were made without corresponding services and that related loan transactions generated proceeds of crime. The Enforcement Directorate questioned the Chief Finance Officer of CMRL in connection with record-keeping of the transactions and indicated that other senior company officials would also be summoned. The agency further directed Veena to appear for another round of questioning.
    June 22, 2026
    Show AI Summary
    Export of value-added egg powder highlights APEDA support, food safety compliance and expanding processed food trade.
    APEDA facilitated the first-ever commercial export of dried whole egg powder from Balangir, Odisha, to Austria, highlighting the export potential of India's value-added poultry products and processed egg products. The APEDA-registered exporter established an egg processing facility aligned with national and international food safety and quality requirements, including EIC standards and European Union hygiene requirements, and held FSSC 22000 Version 6, HALAL and KOSHER certifications. APEDA also supported processing infrastructure, food safety systems and laboratory testing capabilities to strengthen export competitiveness.
    June 22, 2026
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    Economic security and financial crime prevention gain focus through multidisciplinary training, regulatory coordination, and policy engagement.
    Financial and economic crime policy discussions emphasised the growing sophistication of financial frauds, money laundering, illicit financial flows and cyber-enabled financial crime, together with the need for technology-driven, collaborative and multidisciplinary responses. The interaction also highlighted the importance of strengthening institutional capability, enhancing regulatory coordination, promoting evidence-based policymaking and building resilience in the financial system to safeguard economic interests. The founding batch of the Master's in Financial and Economic Crimes programme visited the Economic Advisory Council to the Prime Minister as part of a Campus Immersion Programme and engaged with policymakers on economic security and emerging threats to India's financial ecosystem.
    June 21, 2026
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    Examination irregularities protest at Jantar Mantar grows as organisers press for accountability, solidarity and ministerial resignation.
    A protest at Jantar Mantar continued over alleged examination irregularities and the NEET paper leak, with organisers seeking wider participation, including support from farmer unions, and pressing for accountability from the Union Education Minister. The demonstration remained under police deployment and surveillance, while participants alleged restrictions on water, food, lighting and washroom access at the site. The protest agenda centred on demands for the minister's resignation, dialogue with the Centre and compensation for families of students affected by the examination controversy.
    June 21, 2026
    Show AI Summary
    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
    Show AI Summary
    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.

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      Customs & Trade

      Mumbai's first desalination project underway; water tariff to rise marginally: Minister

      July 3, 2026

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      Mumbai, Jul 3 (PTI) The Maharashtra government on Friday said that Mumbai’s first desalination project to bolster the city's water supply is moving forward, confirming that a work order has been issued and key clearances secured.

      State Industries Minister Uday Samant informed the legislative assembly that the project, executed by an expert firm, will necessitate a minor tariff hike of approximately 15 to 17 paise per litre.

      He said that Mumbai currently receives water from the Upper Vaitarna, Modak Sagar, Tansa, Bhatsa, Vihar and Tulsi dams. However, the growing demand has made it necessary to develop an alternative source of drinking water.

      Responding to a question in the House, the minister said that the Brihanmumbai Municipal Corporation (BMC) has undertaken a 200 million litres per day (MLD) desalination project, for which a work order was issued on December 15, 2025, to JBPR, a company with experience in executing similar facilities in Israel.

      Key approvals, including those from the civic body and the Central Railway, have been obtained, while the remaining statutory clearances are being processed, he said.

      Responding to concerns about whether desalinated water would lead to higher water tariffs for consumers, the minister said the project is necessary to meet Mumbai's future water needs and that the increase in water charges will be limited.

      Samant was responding to a question by BJP legislator Yogesh Sagar.

      The minister said the BMC charges Rs 35 per 1,000 litres of water, and after the project becomes operational, the cost will increase by about Rs 9 per 1,000 litres, which amounts to a 15 to 17 paise-per-litre hike.

      The desalination plant is being planned because Mumbai's population is growing, and the city's future water demand cannot be met only through existing dams. The project will provide a reliable new source of drinking water, he said. PTI MR ARU

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