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    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
    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
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    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.
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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.

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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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