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    Centre extends CBDT Chairman Ravi Agrawal's tenure by 6 months
    How Delta Exchange India Makes Crypto Trading Simple and Affordable
    Telangana govt considering incentives to boost rice exports: Minister Uttam Kumar Reddy
    Taxpayers can file appeal before GSTAT till July 31: FinMin
    Aastha Spintex IPO Opens; SEBI-Registered Research Analysts Cite Capacity Expansion and Financial Growth in 'Subscribe' Recommendations
    China's factory activity expands in June with boost from tech exports
    India Marks Largest-Ever Participation at North America’s Summer Fancy Food Show 2026 with Inauguration of India Pavilion
    MPEDA to Organise Second National Seafood Skill Olympiad During Seafood Expo Bharat 2026
    Cabinet approves additional investment commitment of Rs. 30,000 crore in National Investment and Infrastructure Fund (NIIF) to accelerate infrastructu...
    HDFC board picks up ex-Finance Secretary Rajiv Kumar to steer bank
    Maharashtra farm loan waiver roll out from July 5; no eligible tiller to miss out: Govt
    Tariff of 'Vanilla Solar' project in MP possibly lowest in world: Pralhad Joshi
    HDFC Bank board picks up ex-Finance Secretary Rajiv Kumar to steer bank
    Rupee falls 6 paise to close at 94.51 against US dollar
    Bajaj Finance Personal Loan Simplifies Borrowing with an Extended Repayment Tenure of up to 108 Months
    Union Ministry of Commerce and Industry Shri Piyush Goyal Urges Companies to Build on India–UK CETA Momentum Through Sustained Business Engagement
    DRI busts firecracker smuggling syndicate, seizes Chinese origin firecrackers worth Rs. 35 crore in operations at Chennai and Mumbai; 12 persons arres...
    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
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    June 30, 2026
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    CBDT chairmanship tenure extension on contract basis under re-employment terms and relaxed recruitment rules.
    The Union government extended the tenure of the CBDT Chairman, Ravi Agrawal, by six months on a contract basis from 01.07.2026 or until further orders, whichever is earlier. The extension is on the terms and conditions applicable to re-employed central government officers, in relaxation of the Recruitment Rules, for his continued service as Chairman of the Central Board of Direct Taxes.
    June 30, 2026
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    INR-settled crypto derivatives trading stands out with low fees, tax treatment differences, and beginner-friendly platform features.
    Delta Exchange India is presented as an INR-focused crypto trading platform designed to simplify futures, options, and tracker trading through low fees, full rupee settlement, and features for beginners and advanced traders. The platform integrates with UPI and IMPS, offers a demo account, strategy builder, basket orders, API access, and an algo marketplace, while operating in line with Indian regulations and using security measures such as two-factor authentication and multi-signature wallets. It also states that INR-settled derivatives are treated differently from direct crypto purchases under Indian tax rules and are not subject to the 1% TDS or 30% flat tax applied to direct crypto transactions.
    June 30, 2026
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    Rice export incentives aim to open overseas markets, support quality-compliant industries, and improve returns for farmers and millers.
    Telangana is considering incentives and a dedicated policy framework to boost rice exports and help rice producers access overseas markets. Government support would extend to industries meeting export quality standards, including speedy approvals and necessary clearances, along with support for value-added rice products to improve returns for farmers and rice millers.
    June 30, 2026
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    GSTAT appeal filing deadline extended to July 31 amid portal congestion and technical difficulties for taxpayers.
    The government extended the due date for filing appeals before the Goods and Services Tax Appellate Tribunal (GSTAT) to July 31, 2026, after stakeholders reported technical difficulties caused by heavy traffic on the GSTAT portal. Taxpayers were advised to file well in advance rather than wait until the deadline, to reduce the risk of portal congestion and technical disruption during the transition to the newly operational tribunal framework.
    June 30, 2026
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    IPO subscription and expansion strategy drive research analysts' Subscribe view for Aastha Spintex amid textile sector growth.
    Aastha Spintex Limited has opened a fresh public issue for subscription, with the proposed listing of its shares subject to completion of the issue process and regulatory approvals. The issue proceeds are stated to be earmarked mainly for acquisition of Falcon Yarns, working capital needs, and general corporate purposes. SEBI-registered research analysts have covered the issue and assigned a Subscribe view for investors with a medium- to long-term horizon, citing expansion plans, improving financial performance, operational efficiencies, and exposure to the textile sector.
    June 30, 2026
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    Manufacturing growth in China gains pace as AI hardware exports lift factory activity and external demand remains key.
    China's manufacturing sector expanded in June as the purchasing managers' index moved above the neutral threshold, supported by stronger new orders, production and robust exports driven by demand for artificial intelligence hardware. The report said external demand remained the main engine of growth, while domestic consumption stayed sluggish amid continued caution after the property sector downturn.
    June 30, 2026
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    Indian food exports gain global showcase as the India Pavilion highlights premium products, mangoes and basmati at Summer Fancy Food 2026.
    India's largest-ever participation at North America's Summer Fancy Food Show 2026 was showcased through the inauguration of the India Pavilion, jointly presented by APEDA and ITPO. The pavilion brought together Indian food brands, exporters and innovators across categories including basmati rice, spices, ready-to-eat foods, beverages, organic products, frozen foods, snacks and value-added agricultural products, reflecting rising global demand for Indian food products and the strength of India's processed food sector.
    June 30, 2026
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    Seafood skill development advances through MPEDA's National Seafood Skill Olympiad and value-added export training programmes.
    MPEDA will organise the second National Seafood Skill Olympiad during Seafood Expo Bharat 2026 to promote innovation, quality standards, skill recognition and value addition in marine exports. As preparation, MPEDA conducted 50 nationwide Seafood Value Addition Training Programmes for more than 2,500 workers and professionals, followed by preliminary, State-Level and Regional Skill Olympiads to shortlist finalists for the national finale. Seafood Expo Bharat 2026 will also provide a platform for business meetings, technical sessions and industry exchange across the seafood value chain.
    June 30, 2026
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    Infrastructure financing commitment expands NIIF support to attract institutional capital and fund strategic national projects.
    Additional Government commitment of investment capital to the National Investment and Infrastructure Fund has been approved to expand infrastructure financing and attract institutional participation into nationally important sectors. The commitment supports a second infrastructure-focused fund, successor fund strategies and wider investment deployment across transportation, energy, digital infrastructure, urban infrastructure and e-mobility, with the broader aim of catalysing private capital and strengthening public-private partnership frameworks.
    June 29, 2026
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    Bank board appointment and governance profile highlight strengthened banking oversight, depositor protection, and credit discipline measures.
    HDFC Bank approved the appointment of former Finance Secretary Rajiv Kumar as an Independent Director for four years from 30 June 2026 and, subject to Reserve Bank of India approval, as Part-time Chairman for three years with remuneration to be determined from the date approved by the central bank. The bank also recorded that he is not related to any other director or key managerial personnel. His profile further noted banking clean-up measures, NPA recognition and provisioning, action against shell companies and unregulated deposit schemes, and strengthened monitoring of large exposures and fraud risks.
    June 29, 2026
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    Farm loan waiver rollout begins with mandatory Agristack Farmer ID and assured coverage for eligible cultivators.
    Farm loan waiver benefits under the Maharashtra government's Punyashlok Ahilyadevi Holkar Shetkari Karjmukti Yojana are scheduled to begin disbursement from July 5, after the scheme's financial allocation is completed through supplementary demands and receives the required approval. The scheme provides loan waiver relief up to the prescribed ceiling, with the government assuring that no eligible agriculturist will be excluded from the benefit. The Agristack Farmer ID remains a mandatory eligibility requirement.
    June 29, 2026
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    Renewable energy expansion gains momentum as new solar parks and industrial projects support cleaner power and investment.
    Renewable energy development in Madhya Pradesh was highlighted through the inauguration of two solar power projects with a combined capacity of 950 MW, including a 500 MW solar park in Neemuch and a 450 MW solar park in Shajapur. The Neemuch Solar Park was described as a vanilla solar project, meaning a solar facility using only solar panels without battery storage, and its tariff was said to be possibly among the lowest globally for such projects. Officials stated that the Neemuch project would supply clean electricity to Indian Railways and the state grid.
    June 29, 2026
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    Banking governance and financial-sector reform shape Rajiv Kumar's appointment as HDFC Bank's new chairman
    HDFC Bank appointed Rajiv Kumar as an Independent Director for four years and, subject to Reserve Bank of India approval, as Part-time Chairman for three years. The accompanying profile credited him with banking-sector clean-up measures, including recognition and provisioning of non-performing assets, borrower accountability under the Insolvency and Bankruptcy Code framework, and the 4R strategy of Recognition, Resolution, Recapitalisation and Reforms. It also referred to action against shell companies, unregulated deposit schemes, illicit financial practices, strengthened oversight of cooperative banks, and technology-based risk controls for large exposures.
    June 29, 2026
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    Rupee weakness reflects geopolitical tensions, dollar strength, and shifting crude oil trends in the foreign exchange market.
    The rupee weakened against the US dollar after giving up early gains, with renewed geopolitical tensions reducing investor risk appetite and weighing on sentiment in the foreign exchange market. Traders said supportive crude oil prices and improved foreign inflows initially helped the currency, but broader dollar strength kept pressure on the exchange rate. Market commentary also noted that lower crude prices and easing inflation concerns could support the rupee at weaker levels.
    June 29, 2026
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    Flexible personal loan repayment tenure expands collateral-free borrowing with digital application and quick approval for eligible customers.
    Extended personal loan tenure offered by a non-banking financial company enables eligible borrowers to select a repayment period of 12 to 108 months for collateral-free borrowing. The loan is available for amounts ranging from Rs. 40,000 to Rs. 55 lakh, with interest rates stated to begin from 10% per annum and vary according to customer profile, eligibility, credit assessment, and other lending criteria. The facility is presented as a digital, collateral-free loan with minimal documentation, quick approval, and potential disbursal within 24 hours for eligible applicants.
    June 29, 2026
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    India-UK trade cooperation advances through CETA-focused business engagement, simpler compliance, and stronger investment partnerships.
    The India-UK Comprehensive Economic and Trade Agreement is presented as a framework for deepening bilateral trade and investment through sustained business engagement, with emphasis on long-term investment, technology partnerships, innovation, resilient supply chains and broader economic cooperation. Industry discussions highlighted the need for effective implementation of CETA by increasing awareness of the agreement, especially among MSMEs, and by simplifying regulatory procedures and certification requirements so businesses can better use the opportunities arising under the agreement. The business plenary also underscored strengthening industry-to-industry partnerships and facilitating greater talent mobility.
    June 29, 2026
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    Restricted import of firecrackers exposed through misdeclaration, cargo concealment, and clandestine removal from a container freight station.
    Restricted import of firecrackers under the Foreign Trade Policy requires valid licences from both the Directorate General of Foreign Trade and the Petroleum and Explosives Safety Organization. Enforcement operations detected mis-declared containers concealing Chinese-origin fireworks and firecrackers, as well as clandestine removal of contraband from a Container Freight Station without Customs authorisation. The smuggling activity involved cargo substitution, active connivance of CFS staff, seizure of substantial quantities, and arrests of multiple persons.
    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.

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      News and Press Release

      India Hosts 13th ASEAN-India Trade in Goods Agreement Joint Committee Meeting to Advance ASEAN-India Trade Pact Review

      July 8, 2026

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      AITIGA Joint Committee Directs Expedited Finalisation of Outstanding Review Chapters

      India hosted the 13th ASEAN-India Trade in Goods Agreement (AITIGA) Joint Committee (JC) and related meetings at Vanijya Bhawan, New Delhi, from July 6 to 10, 2026, to review the progress of negotiations under the AITIGA Review. The meetings are being held in a hybrid format.

      Meetings of three of the eight Sub-Committees under the AITIGA Joint Committee are currently being held on the sidelines of the 13th Joint Committee meeting. These include the Sub-Committee on Customs Procedures and Trade Facilitation (SC-CPTF), the Sub-Committee on National Treatment and Market Access (SC-NTMA), and the Sub-Committee on Rules of Origin (SC-ROO). The meetings are serving as an important platform to deepen cooperation, strengthen mutual understanding and advance constructive dialogue between India and ASEAN.

      The Joint Committee provided strategic guidance to the Sub-Committees in their respective areas of work and urged them to expedite the finalisation of the outstanding chapters under the AITIGA Review. To maintain the momentum of negotiations, the Sub-Committees were assigned time-bound deliverables and encouraged to work closely towards achieving tangible outcomes within the agreed timelines.

      The 13th AITIGA Joint Committee meeting, held on July 7, 2026, was co-chaired by Additional Secretary, Department of Commerce, Ministry of Commerce and Industry, Shri Nitin Kumar Yadav, and Deputy Secretary General (Trade), Ministry of Investment, Trade and Industry, Malaysia, Ms. Mastura Ahmad Mustafa. Delegations from all ASEAN Member States—Brunei, Cambodia, Indonesia, Lao PDR, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Viet Nam—participated in the meeting.

      ASEAN remains one of India's key trading partners, accounting for around 11 per cent of India's global trade. Bilateral trade between India and ASEAN reached USD 128 billion during 2025–26, reflecting the strong economic partnership between the two sides and providing further opportunities to expand trade and investment cooperation.

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