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    India's exports rise 15.5 pc in Jun, trade deficit widens to five-month high
    FM calls for enhanced NRI outreach to sustain foreign currency mobilisation momentum
    Framework deal is ready, to be signed at right time: Official on India-US trade pact
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    Al Falah university chairman Jawad Siddiqui urges HC to grant interim bail in ED cases
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    HIGHLIGHTS
    OFCD case: SC to hear SEBI's plea against SAT relief to SICCL managers on Monday
    India's Russian crude imports hit record in Jun even as Moscow's oil revenues slip
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    July 13, 2026
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    Trade deficit expansion accompanies export growth as higher crude oil, electronics, machinery and gold imports outpace merchandise export gains.
    June trade data shows export growth alongside a wider merchandise trade deficit because imports increased faster than exports. The higher import bill was driven mainly by crude oil, with electronics, machinery and gold also adding to import pressure. April to June figures reflect the same trend, with cumulative imports outpacing export growth and enlarging the merchandise trade gap. Export strength was reported in sectors such as electronics, iron ore, handicrafts, meat and dairy products, while services trade estimates for June indicate a surplus as services exports exceeded services imports.
    July 13, 2026
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    Foreign currency mobilisation gains momentum through FCNR(B) deposits, ECBs and OFCBs, backed by NRI outreach and swap facilities.
    Foreign currency mobilisation under the FEMA / RBI framework is being driven through FCNR(B) deposits, ECBs and OFCBs, with banks directed to strengthen NRI outreach, offer innovative deposit products and sustain mobilisation during the scheme period. Attractive returns on fresh FCNR(B) deposits, supported by suspension of the interest rate ceiling, customised digital outreach, use of International Banking Units at GIFT City, central bank support, and real-time reporting are presented as key implementation mechanisms. The scheme combines a US dollar-rupee swap facility for fresh FCNR(B) deposits with a concessional swap facility for eligible ECBs and OFCBs to support capital inflows and the balance of payments.
    July 13, 2026
    Show AI Summary
    Trade pact negotiations advance as India and the US align a framework deal with wider tariff and market access discussions.
    India-US trade negotiations are advancing through a framework deal and a bilateral trade agreement, with discussions focused on preferential market access and India's effort to obtain comparative tariff advantage over competitor nations. The framework arrangement is stated to be ready for signature at the appropriate stage, while the broader agreement remains under negotiation. India is also engaging with Section 301 investigations on forced labour and excess industrial capacity; proposed additional tariffs affecting multiple economies, including India, have not yet been finalised.
    July 13, 2026
    Show AI Summary
    Foreign trade growth data shows rising exports, higher imports, and a wider trade deficit across merchandise and services segments.
    Combined merchandise and services trade data for June 2026 and April-June 2026-27 records export growth together with stronger import growth and a wider trade deficit. Merchandise exports, non-petroleum exports, and trade excluding petroleum and gems and jewellery all show increases, while services exports and imports are also estimated to have risen. Major merchandise export growth drivers identified for June 2026 include gems and jewellery, engineering goods, organic and inorganic chemicals, electronic goods, and rice. The services figures for June 2026 are expressly stated to be estimates based on the latest available central bank data.
    July 13, 2026
    Show AI Summary
    RTI disclosure duties require clear access, proper transfer, and reasoned confidentiality claims for petroleum and ethanol data requests.
    The article addresses RTI access to historical petrol and ethanol data held or referenced by the Petroleum Planning and Analysis Cell. It identifies key issues relating to disclosure of public-domain records, provision of specific website links, transfer of queries to the authority that actually holds supplier information, and the need to expressly invoke appropriate RTI exemptions when withholding company-wise petrol supplier details. The central legal themes are partial disclosure, commercial confidentiality, custodianship of records, and procedural adequacy in responding to requests for petroleum-sector production, blending, supplier, and profit-related information.
    July 13, 2026
    Show AI Summary
    Soybean meal export decline reflects weak international demand, higher domestic pricing, and reduced trade performance during the current oil marketing year.
    Soybean meal exports in June 2026 fell sharply to 30,000 tonnes from 97,000 tonnes a year earlier, driven by higher Indian prices than competing countries, weak demand in major importing markets, and geopolitical tensions in West Asia. June production was reported at 5.52 lakh tonnes, with utilisation split between human consumption and animal, poultry, and fish feed. Month-end stock, including old stock, stood at 1.27 lakh tonnes, while cumulative exports in the first nine months of the current oil marketing year remained below the corresponding period of the previous year.
    July 13, 2026
    Show AI Summary
    Foreign currency mobilisation under RBI swap initiatives gains momentum through NRI outreach, FCNR(B) deposits, and eligible external borrowing support.
    Foreign currency mobilisation under the RBI's FCNR(B), ECB and OFCB swap initiatives was reviewed with emphasis on sustaining inflows through enhanced outreach to the non-resident Indian diaspora. Banks reported encouraging uptake, supported by attractive returns on FCNR(B) deposits and the suspension of the interest rate ceiling on fresh deposits under the scheme. Institutions also described digital outreach, use of International Banking Units at GIFT City, and expectations of stronger ECB mobilisation. The RBI was noted as supporting eligible mobilisation and borrowings through a transparent daily reporting framework.
    July 13, 2026
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    Consumer financing for gaming hardware accompanies GTA 6 India launch details, including platform access, pre-orders, and EMI-based purchase options.
    The article combines GTA 6 launch information in India with a consumer financing framework for gaming hardware purchases. It states the release date, supported platforms, pre-order availability, editions, and major gameplay features, and notes that current-generation console access is required while PC requirements remain unconfirmed. It separately outlines an Easy EMI Loan for consoles, televisions, and accessories through partner stores, with financing up to Rs. 5 lakh, repayment tenures from 3 to 60 months, possible zero down payment on select products, and optional paperless EMI conversion through the Insta EMI Network Card.
    July 13, 2026
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    Rupee depreciation pressures deepen as crude oil prices, dollar strength, and geopolitical tensions weigh on foreign exchange market sentiment.
    Foreign exchange market pressure under the FEMA and RBI regulatory context is reflected in the rupee's depreciation against the US dollar, driven by higher crude oil prices, a stronger dollar, and risk aversion arising from escalating geopolitical tensions involving the US and Iran. Trading remained volatile, with the rupee recovering from lower levels as domestic markets improved and crude prices softened from intraday highs. The near-term outlook remained negative because of continuing global uncertainty, while diplomatic de-escalation and stronger domestic market conditions were identified as potential supporting factors.
    July 13, 2026
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    Interim bail in money laundering cases turns on medical hardship, custody safeguards, and prosecution objections over flight risk and tampering.
    Interim bail was sought under the Prevention of Money Laundering Act in two money laundering cases on medical hardship grounds arising from the accused's wife's cancer treatment. The request included willingness to accept restrictive conditions such as a GPS tracker. The Enforcement Directorate opposed release, citing risk of evidence tampering and absconding, and proposed custodial parole instead. The underlying prosecutions concern alleged diversion of student fee funds, misrepresentation of accreditation and regulatory recognition, and alleged fraudulent acquisition of land.
    July 13, 2026
    Show AI Summary
    Split verdict precedent status clarified as Supreme Court leaves SAT order unstayed while excluding its use in similar securities matters.
    Securities enforcement proceedings over intra-group flat sale transactions led the Supreme Court to refuse a stay of the SAT order that had set aside SEBI's earlier directions against Bombay Dyeing and certain promoter-group individuals. The Court nevertheless stated that the SAT's 2:1 split verdict will not operate as a precedent in similar matters. The dispute centres on 11 memoranda of understanding between group companies, with SEBI raising issues of associate company status, lifting the corporate veil, the single economic entity principle, and alleged accounting mismatch concerning sale proceeds and agency commission.
    July 13, 2026
    Show AI Summary
    Merchandise trade imbalance widens as export growth continues but faster import expansion increases the trade deficit in June.
    June merchandise trade data shows export growth alongside a stronger rise in imports, leading to a wider trade deficit. Exports increased by 15.5 per cent to USD 40.41 billion, while imports rose by about 31 per cent to USD 70.84 billion, taking the deficit to USD 30.43 billion. For April-June, exports and imports both increased, with import growth linked to crude oil, electronics, machinery, and precious metals. Gold imports also rose in the first quarter, and exports to West Asian countries recorded moderate growth in June.
    July 13, 2026
    Show AI Summary
    Credit card transparency drives clearer interest, fee, EMI, and digital repayment management across customer-focused card variants.
    AU Small Finance Bank outlines a credit card framework centered on transparent pricing, informed borrowing, and digital self-management. The summary emphasizes customer understanding of credit card interest rates, billing cycles, interest-free periods, finance charges, late payment fees, and EMI interest rates as essential to responsible credit use. It also describes conversion of eligible transactions into instalments through the Xpress loan EMI facility with an EMI calculator to estimate repayment commitments. Multiple payment channels and app-based access to statements, balances, due dates, spending records, and card information are presented as core features of the digital credit card system.
    July 13, 2026
    Show AI Summary
    Rupee weakness tracks higher crude oil prices as geopolitical tensions, dollar strength and weak equities pressure sentiment.
    The rupee weakened in early trade against the US dollar amid higher crude oil prices and renewed geopolitical tensions affecting global oil supplies. Dealers linked the fall to a sharp rise in Brent crude and a stronger dollar index, while domestic equities also opened lower. The report further notes net foreign institutional buying in equities and a rise in the country's forex reserves during the latest reporting week.
    July 13, 2026
    Show AI Summary
    Trade and technology cooperation drives India's business delegation visit to Spain, Belgium and Finland.
    India's Commerce and Industry Minister will lead a high-level business delegation to Spain, Belgium and Finland to advance trade, investment, technology, innovation and sustainability. The visit includes bilateral meetings, business roundtables and site visits focused on bilateral trade, the proposed India-European Union Free Trade Agreement, foreign direct investment opportunities, trade facilitation, sustainable technologies, resilient supply chains and industrial collaboration.
    July 12, 2026
    Show AI Summary
    Homoeopathic medicine expansion drives growth through capacity upgrade, export growth, new markets, and an ophthalmic division.
    Homoeopathic medicine manufacturer Dr S C Deb Homeo Research Laboratory plans major capacity expansion, an ophthalmic division, stronger domestic presence and wider exports to support revenue growth. The company also intends to promote homoeopathy through research, public awareness, affordable medicines, and a proposed homoeopathic medical college and hospital.
    July 12, 2026
    Show AI Summary
    Duty-free market access and social security exemption under the India-UK trade pact benefit exporters and professionals.
    India-UK free trade agreement to allow all Indian exports to enter the British market duty-free from July 15, benefiting exporters, farmers, fishermen, MSMEs and domestic industries. The pact also covers merchandise, goods and services, and is stated to strengthen trade and economic ties between India and the UK. It further includes a Double Contribution Convention exempting Indian professionals working in the UK for up to five years from British social security contributions, with savings directed to provident fund accounts in India.
    July 12, 2026
    Show AI Summary
    Regulatory oversight of airfares and securities relief in the Sahara OFCD matter set for Supreme Court hearing.
    The Supreme Court is scheduled to hear a challenge by SEBI against a Securities Appellate Tribunal order granting relief to managers and the company secretary of Sahara India Commercial Corporation Ltd. in the OFCD matter. It is also scheduled to hear a plea seeking regulatory guidelines to curb unpredictable fluctuations in airfares and ancillary charges imposed by private airlines.
    July 12, 2026
    Show AI Summary
    SEBI jurisdiction over OFCD public offer remains central as the Supreme Court hears Sahara-linked challenge.
    SEBI has challenged before the Supreme Court the part of the Securities Appellate Tribunal order granting relief to managers and the company secretary of Sahara India Commercial Corporation Ltd. The tribunal had held that the OFCDs issued by SICCL constituted a public offer within SEBI's jurisdiction, dismissed the company's and directors' appeals, and separately allowed the appeal of the officials on the ground that employees could not be held liable for the company's acts.
    July 12, 2026
    Show AI Summary
    Russian crude imports and refined-fuel trade shape India's role in global oil flows amid sanctions and exemptions.
    India's imports of Russian crude oil rose to a record level in June, driven by higher deliveries to major Indian refineries, while Russia's crude export revenues declined because of weaker prices. The report also noted that India remained a significant channel in global trade flows of refined products made from Russian crude, including exports from Indian refineries to sanctioning jurisdictions, and that shipments refined from Russian crude continued to reach EU and UK ports under the reported trade conditions.

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      Customs & Trade

      Raktsey Karpo, Halman apricots spearhead Ladakh's biggest export drive; LG pitches processing unit

      July 15, 2026

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      New Delhi, Jul 15 (PTI) Ladakh Lieutenant Governor Vinai Kumar Saxena on Wednesday flagged off the first consignment of indigenous Raktsey Karpo and Halman apricots under the Union Territory's largest-ever export programme to the United Arab Emirates (UAE) and pitched for setting up a world-class apricot processing unit to boost value addition and overseas shipments.

      The inaugural consignment of five metric tonnes was flagged off from Ladakh Bhawan here under an agreement signed by the Ladakh administration earlier this year.

      The initiative is expected to facilitate the export of more than 1,000 metric tonnes of fresh apricots during the current harvest season, a quantum leap from around 1,500 kg exported over the previous two years.

      "It would not be incorrect to say that today marks a historic occasion for Ladakh's entire horticulture sector, and especially for its hardworking farmers," Saxena said, adding that the export would give Ladakh's world-famous Raktsey Karpo and Halman apricots "a new and strong identity" in international markets.

      He said direct access to overseas markets would enable farmers to obtain "fair and better prices" for their produce, leading to higher incomes and improved living standards.

      Highlighting the region's unique climatic conditions, Saxena said Ladakh's high altitude, intense sunlight, cool temperatures and pristine ecosystem enhance the colour, flavour, sweetness and nutritional value of its apricots, making them highly sought-after globally.

      The export programme focuses on Raktsey Karpo and Halman, Ladakh's indigenous apricot varieties, which are internationally recognised for their exceptional sweetness, rich flavour, superior nutritional value, and organic cultivation.

      Referring to the export programme, Saxena said more than 1,000 metric tonnes of apricots would be shipped from Ladakh this season.

      He added that exporters undertake harvesting, sorting, grading, packing, transportation, and marketing, relieving farmers of the burden of managing the entire supply chain while reducing post-harvest losses.

      Speaking to reporters after the flag-off, Saxena said, "We signed an agreement in April to export 1,000 tonnes of apricots. Today, under that agreement, a five-tonne consignment has been flagged off from here and is set to depart for Dubai this evening." "Farmers simply provide access to their orchards, and the exporter manages the entire process," he said.

      Saxena said the Ladakh administration had been monitoring the movement of trucks carrying the produce from orchards to Delhi through a dedicated control room and would continue extending full support to ensure timely exports.

      He said the administration was also working to facilitate a green corridor or similar arrangements so that trucks carrying the fruit could reach Delhi in 2-3 days.

      With support from Container Corporation of India (CONCOR), the administration has also ensured cold-chain transportation for the highly perishable fruit to preserve its freshness during transit.

      Calling for value addition in the horticulture sector, Saxena said he would strive to establish a world-class apricot processing unit in Ladakh within a year.

      "Our challenge today is the lack of high-quality processing units. However, I assure you that I will strive to establish a world-class processing unit in Ladakh within a year," he said, adding that it would help address the fruit's short shelf life and make exports smoother.

      Saxena said the initiative would create new marketing opportunities, increase farmers' incomes, reduce post-harvest losses, encourage greater investment in horticulture and help establish Ladakh as one of India's leading exporters of premium-quality horticultural produce.

      He thanked APEDA, CONCOR, Lulu Group, and officials of the Ladakh administration for supporting the export initiative. PTI MHS TRB

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