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    India says US approach to forced labour tariffs inconsistent; exempts 1,600 items it needs
    Union minister asks Odisha to tap fisheries export potential, strengthen value chain
    Chhattisgarh cabinet clears Ease of Doing Business bill
    Congress leader Ramgopal Agrawal detained by Chhattisgarh EOW in coal levy 'scam'
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    ED freezes TMC's Rs 440-cr worth bank deposits under PMLA, party calls act illegal
    India, Maldives conclude talks for investment treaty; legal scrubbing of text on
    NICDC's Logistics Arm NLDSL and Government of Punjab Sign MoU to Strengthen Digital Logistics Ecosystem
    Gong Opens in Bandra as Speciality Restaurants Limited Unveils Its New-Age Pan Asian Flagship in Mumbai
    Taurian MPS Targets 50%+ Revenue CAGR Over the Next Three Years, Backed by Export Expansion, Higher-Margin Growth, Improving Working Capital and an Rs...
    ED freezes TMC's Rs 440-cr worth bank deposits under PMLA
    UST Partners with Anthropic to Bring Claude Into UST''s Platforms, Engineering, and Operations and Train 20,000 UST Employees Globally
    India Hosts 13th ASEAN-India Trade in Goods Agreement Joint Committee Meeting to Advance ASEAN-India Trade Pact Review
    CIBC Opens Global Capabilities Hub in Hyderabad, India
    The Hidden Friction Points of Shipping from Canada to India
    ED raids in UP against ex-SP MLA
    CCI approves merger of 51 Malabar Group’s companies with and into Malabar Gold and Diamonds Ltd
    CCI approves acquisition of certain shareholding in Sorting Hat Technologies and its merger with and into upGrad Education Pvt Ltd
    Airlines' body FIA urges govt to bring jet fuel under GST
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    July 9, 2026
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    Forced labour-linked tariff proposals face Indian criticism over inconsistent exemptions and arbitrary sourcing conditions
    Forced labour-linked tariff proposals under the US trade framework drew Indian criticism for inconsistency, because the proposed approach was said to exempt a large number of items that cannot be produced or grown in the United States while still targeting imports linked to alleged forced labour concerns. India argued that such exemptions dilute the stated policy rationale of addressing forced labour in global supply chains and may not meaningfully prevent circumvention practices. India also objected to the textile-related tariff mechanism, stating that reduced tariff treatment based on the use of US-origin cotton and related inputs operates as an arbitrary sourcing requirement for foreign manufacturers.
    July 8, 2026
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    Fisheries value chain strengthening drives Odisha's export potential through collaboration, processing modernisation and species diversification.
    Strengthening of fisheries value chain and export capacity in Odisha was emphasised through closer collaboration among fishers, fish farmers, exporters and cooperatives, along with coordinated action by the Centre, the State, research institutions, financial institutions and sector stakeholders. The focus was on harnessing the State's untapped export potential by improving production linkages, post-harvest systems and sector-wide organisation. Attention was given to capacity building, modernisation of processing facilities, diversification of fish species and fisheries products, and expansion of deep-sea and brackish water fishing to support higher exports, greater value addition and improved fisher incomes.
    July 8, 2026
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    Ease of Doing Business reforms propose time-bound approvals, simpler compliance and faster refunds to improve investor-friendly regulation.
    A draft Ease of Doing Business law proposes time-bound approvals, deemed approvals, self-certification, third-party verification, risk-based inspections and removal of duplicate licensing requirements to reduce procedural hurdles and create a more investor-friendly regulatory environment. The cabinet also approved related industrial investment, payment security and tax reforms, including GST simplification, faster refunds and abolition of the redundant Commercial Tax Tribunal.
    July 8, 2026
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    Coal levy probe deepens as Ramgopal Agrawal is detained for questioning in linked corruption cases.
    Congress leader Ramgopal Agrawal was detained by the Chhattisgarh Economic Offences Wing for questioning in the alleged coal levy matter and was also to be interrogated in connection with liquor and rice custom milling-linked cases. The agency said the action was based on documents, digital evidence, a seized diary and other records, and claimed that the diary contained entries of payments made in the name of "Congress Bhavan".
    July 8, 2026
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    Anti-money laundering action freezes party bank accounts amid alleged funds misappropriation investigation
    Enforcement action under the Prevention of Money Laundering Act resulted in the freezing of three bank accounts of a political party containing substantial deposits, after searches in an alleged funds misappropriation matter. The action reflects use of the anti-money laundering framework to secure bank deposits linked to the investigation.
    July 8, 2026
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    Prevention of Money Laundering Act freezing of political party bank accounts follows alleged fund routing through related entities.
    Freezing of bank deposits under the Prevention of Money Laundering Act arose from an ED investigation into alleged misappropriation and routing of funds through political party bank accounts and related entities. The agency stated that three bank accounts were frozen under Section 17(1A) because the deposits could not practicably be seized and needed to be secured from transfer or further dealing, subject to confirmation by the adjudicating authority. The investigation also concerned transfers to a private aviation group, purchase of aircraft and a helicopter, and alleged payments linked to aircraft usage.
    July 8, 2026
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    Bilateral investment treaty and free trade agreement talks advance as India and Maldives fast-track wider economic cooperation.
    India and the Maldives have concluded negotiations for a bilateral investment treaty, with the text undergoing legal scrubbing before signature, while free trade agreement talks are being fast-tracked. The treaty is intended to promote and protect investments in each other's countries, and the trade discussions form part of a broader effort to reduce or eliminate import duties on goods traded between the two countries.
    July 8, 2026
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    Digital logistics integration through ULIP aims to improve transparency, efficiency and data-driven coordination in Punjab's supply chain ecosystem.
    NICDC Logistics Data Services Limited and the Government of Punjab entered into a Memorandum of Understanding to support the digital transformation of Punjab's logistics ecosystem through the Unified Logistics Interface Platform. The partnership focuses on seamless exchange of real-time logistics data across departments to improve logistics visibility, operational efficiency, inter-departmental coordination, transparency and data-driven decision-making for industry stakeholders. ULIP is described as a unified digital gateway based on API integration across government systems.
    July 8, 2026
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    Premium Pan Asian dining drives Speciality Restaurants Limited's new Gong format with design-led hospitality and scalable growth.
    Speciality Restaurants Limited launched Gong in Bandra as a premium Pan Asian dining concept combining progressive cuisine, immersive interiors and elevated hospitality. The restaurant is positioned as a future-ready format designed for higher average spend per cover, optimised space use and faster table turnover, reflecting the company's focus on innovation-led expansion and experiential dining.
    July 8, 2026
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    Export expansion and working-capital discipline support Taurian MPS's high-growth roadmap and stronger order-book visibility.
    Taurian MPS Limited has outlined a growth strategy centred on achieving a revenue CAGR of over 50% over the next three years through stronger domestic and export order inflows, faster execution, expansion of its international dealer network and improved working-capital efficiency. The company says its current order book of about Rs 83.85 crore provides execution visibility, with domestic orders forming the larger share and export orders contributing the balance. These orders are expected to be executed over the next four to five months, subject to customer advances, final confirmations, site readiness and delivery schedules.
    July 8, 2026
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    Money laundering asset freezing under PMLA targets suspected bank deposits and linked transactions pending confirmation.
    Freezing of bank deposits under the Prevention of Money Laundering Act operates where an asset cannot practicably be seized and must be protected from transfer or other dealing. An officer may issue a freezing order in respect of bank accounts containing suspected proceeds or linked funds, subject to confirmation by the adjudicating authority within the prescribed time. The investigation also concerns alleged routing of funds through related entities and purchases of aircraft and helicopter assets through connected transactions.
    July 8, 2026
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    Strategic AI alliance expands Claude across enterprise workflows, internal operations, and large-scale workforce training.
    UST entered into a strategic alliance with Anthropic to integrate Claude models across UST's engineering environments, proprietary platforms, industry solutions and internal operations, with the objective of helping enterprise clients adopt trusted AI at scale. The collaboration extends to UST's own operations and includes plans to certify 20,000 associates worldwide on Claude, supported by Anthropic's enablement, technical guidance and certification.
    July 8, 2026
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    ASEAN-India trade agreement review advances as joint committee urges faster finalisation of pending negotiation chapters.
    India hosted the 13th ASEAN-India Trade in Goods Agreement Joint Committee meeting and related hybrid sessions in New Delhi to review progress under the AITIGA Review. The Joint Committee gave strategic guidance to sub-committees on customs procedures and trade facilitation, national treatment and market access, and rules of origin, and urged expeditious finalisation of outstanding review chapters through time-bound deliverables and close coordination within agreed timelines.
    July 8, 2026
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    Global capabilities hub expansion strengthens cross-border collaboration, talent development, and client-focused growth strategy.
    CIBC announced the opening of a global capabilities hub in Hyderabad, India, to support its modernization and growth strategy. The new office is intended to strengthen the bank's global footprint, expand its talent pool, and accelerate client-focused growth by insourcing work previously managed by third parties. The announcement also highlights cross-business and cross-border collaboration within CIBC's global network.
    July 8, 2026
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    Customs clearance and real-time tracking shape efficient Canada to India parcel delivery across cross-border logistics.
    Cross-border shipping from Canada to India depends on coordinated customs clearance, accurate documentation, first-mile access, strategic hub routing, and mature last-mile delivery networks. An improperly completed customs declaration or weak logistical planning may delay freight, while digital tools and direct hub connections improve efficiency and reduce transfers. Reliable parcel delivery also depends on clear pricing, compliance handling, and real-time tracking from warehouse scan to final delivery.
    July 8, 2026
    Show AI Summary
    Money laundering probe under PMLA leads to searches over disproportionate assets and alleged proceeds through business entities.
    Enforcement Directorate conducted searches in Uttar Pradesh in a money laundering investigation under the Prevention of Money Laundering Act against a former Samajwadi Party MLA and linked persons. The probe arose from an FIR alleging disproportionate assets, and preliminary inquiry indicated laundering of proceeds of crime through companies and LLPs engaged in real estate, construction and other businesses.
    July 8, 2026
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    Merger approval under competition law for Malabar Group companies and Malabar Gold and Diamonds Limited in the jewellery sector.
    Merger approval under competition law for the combination involving 51 Malabar Group companies and Malabar Gold and Diamonds Limited. The proposed transaction envisages the merger of 51 transferor companies with the transferee company, most of which are engaged in the jewellery business. The transferee company is engaged in manufacturing, trading, retailing, wholesaling, supplying, distributing, importing, exporting, buying, franchising and otherwise dealing in jewellery and allied products.
    July 8, 2026
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    Competition approval for acquisition and merger in the education sector involving Sorting Hat Technologies and upGrad Education.
    Competition approval was granted for the proposed combination involving acquisition of certain shareholding in Sorting Hat Technologies Private Limited and its merger with and into upGrad Education Private Limited. The combination concerns two Indian private limited companies with presence in the education sector, including formal and non-formal education for the acquirer and non-formal education for the target.
    July 7, 2026
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    Aviation turbine fuel under GST sought to cut airline operating costs and improve financial viability.
    Airlines have sought inclusion of aviation turbine fuel under the GST regime to reduce operating costs and ease financial pressure on Indian carriers. The request points to the present tax structure under which States levy excise duty and VAT on ATF, making fuel a major component of airline operating expenses. The industry body urges that ATF be brought under GST at 5 per cent with full Input Tax Credit, and asks the civil aviation ministry to support engagement with the relevant ministries and stakeholders.
    July 7, 2026
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    Alcohol and aquaculture feed pressure weigh on IFB Agro as excise issues, input costs and supply disruptions persist.
    IFB Agro Industries reported improved consolidated revenue for FY26 but warned of continued pressure on its alcohol business from excess ENA capacity, higher input costs, weak by-product realisations and repeated excise duty increases affecting IML demand. The company also alleged intermittent disruption to distillery operations and interference by state excise authorities. Its aquaculture feed and marine businesses were said to face raw material inflation, pricing constraints, shrimp supply shortages, geopolitical freight disruptions and shipping delays.

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      Customs, DGFT & SEZ

      DRI busts several wildlife trafficking networks across India operations

      July 14, 2026

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      Over 440 endangered/protected wild life animals and about 15 kg in ivory articles and elephant ivory seized in coordinated operations across country; 33 arrested

      In a series of intelligence-driven pan-India operations against illegal wildlife trafficking, Directorate of Revenue Intelligence (DRI) has seized 440 endangered/protected wild life animals and about 15 kg in ivory articles and elephant ivory in coordinated operations across country; and arrested 33 persons involved in wildlife trafficking.

      On 10.07.26, officers of DRI intercepted persons engaged in the illegal trade of elephant ivory near Sujangarh, Rajasthan. The operation resulted in the recovery and seizure of about 11 kg elephant ivory. Four persons were apprehended and, were handed over to the Forest Department along with the seized ivory, for further action under the Wildlife (Protection) Act, 1972. The Indian elephant (Elephas maximus) is listed under Schedule I of the Wildlife (Protection) Act, 1972, which prohibits trade in elephants and their derivatives. Commercial trade in ivory is also prohibited in India in line with its obligations under CITES, and the import and export of ivory are prohibited under the Foreign Trade Policy.

      Earlier, in Howrah, DRI officers, apprehended two persons and seized two idols of deities made of ivory, which were suspected to have been smuggled into India from Bangladesh.

      In another operation at Mysuru, Karnataka, DRI officers seized 4 kg elephant ivory and apprehended three persons involved in its illegal trade before handing them over to the Forest Department for further action.

      On 7th-8th July, 2026, an interstate wildlife trafficking syndicate was busted at multiple locations across Maharashtra and West Bengal. This was a first-of-its-kind of large joint operation conducted by the DRI, Mumbai, and the CBI, Economic Offences Branch (EOB), Mumbai, with the support from the Wildlife Crime Control Bureau (WCCB). During the operation, several wildlife species listed under Schedule I of the Wildlife (Protection) Act, 1972, namely, 15 Slow Lorises, 2 Binturongs, 28 Star Tortoises, 6 Egyptian Vultures and 2 Shikra birds were recovered and rescued. The intelligence in the case was developed by DRI and the matter is now being investigated by CBI.  Six accused persons were apprehended and subsequently arrested by the CBI.

      In some other instances, DRI has successfully foiled multiple attempts to smuggle protected wildlife into India through international airports by passengers arriving from Bangkok, Kuala Lumpur and Colombo. In which species like Albino Red eared Turtle, Hypo zero Bearded Dragon, African spurred tortoise, Borneo python, Green iguana, Mangrove monitor lizard, Argentine black and white tegu, Goeldi’s marmoset, Yellow cheeked gibbon, Indonesian blue tongued skink, Siamang Gibbon, Woolley monkey, Silvery lutung, Yellow belly Ball Python, Pastel ball python etc. have been seized and rescued.

      DRI’s coordinated operations in Bengaluru, Warangal, Pune, Surat, Chennai, Kolkata, Trichy, Madurai, Srikakulam, Hojai (Assam), Rajasthan, Mysuru, and Howrah, have led to the seizure and recoveries of wildlife products including, pangolin scales, leopard pelt, seahorse-based wildlife articles, Red sanders, and protected species of Gibbons, lizards, tortoises, birds, squirrels, snakes, red sand boa etc.

      Several of these operations were executed in close coordination with partner enforcement agencies, including the CBI, WCCB, Airport Intelligence Units of Customs at Bengaluru, Kolkata, Trichy and Madurai, State Forest Departments, and local police authorities.

      These sustained intelligence-led operations underscore DRI's commitment to combating organised wildlife crime and disrupting transnational trafficking networks dealing in endangered fauna and flora.  DRI continues to strengthen India's obligations under the Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES), thereby contributing to the protection of the country's rich biodiversity.

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