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    Government extends full customs duty exemption on critical petrochemical products in view of ongoing conflict in West Asia till 15th July 2026
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June 30, 2026
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Customs duty exemption on critical petrochemical imports extended to support supply chains and domestic availability.
Full Customs Duty exemption on imports of critical petrochemical products has been extended until 15 July 2026 as temporary and targeted relief in view of the conflict in West Asia and disruptions in global supply chains. The extension is intended to ensure sufficient availability of petrochemicals in the domestic market, with the list of covered products unchanged from the earlier notification. The exemption is expected to support sectors dependent on petrochemical feedstock and intermediates and provide relief to consumers of final products.
June 30, 2026
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Trans-border gold smuggling and cryptocurrency financing exposed after concealed foreign-origin gold was recovered from a courier consignment.
Trans-border gold smuggling operation involving foreign-origin gold concealed in an international courier consignment declared as "worn gear" was intercepted by the Directorate of Revenue Intelligence. Examination of the consignment led to recovery of foreign-origin smuggled gold hidden inside gear parts, and subsequent searches at the residence of the intended recipient and the alleged mastermind yielded additional concealed gold pieces. Four persons, including the alleged mastermind and a foreign national, were arrested, and preliminary investigation indicated use of cryptocurrency to finance the smuggling network.
June 30, 2026
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Economic growth resilience improves as supply chain normalisation, capital inflows and policy support offset external shocks and inflation pressures.
The interim peace deal between Iran and the US is expected to support Indian economic growth by easing global turbulence and helping normalise supply chains. High-frequency indicators suggest firm activity, while government support to MSMEs and exports may cushion external shocks. Elevated commodity prices, a weak monsoon and limited fuel price pass-through could pressure inflation, the fiscal deficit and domestic growth, although external sector resilience and stronger capital inflows may mitigate funding constraints.
June 30, 2026
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Financial system resilience strengthened by capital buffers, improving asset quality, and stress-tested banking stability amid AI cyber threats.
Domestic financial system remains resilient, supported by strong bank and non-bank balance sheets, with scheduled commercial banks described as safe and sound and stress tests showing capital ratios above regulatory thresholds even under adverse scenarios. Non-banking financial companies are also financially sound, while AI-enabled cyberattacks are identified as the most important near-term cyber threat.
June 30, 2026
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GST appeal filing deadline extended for tribunal appeals after portal pressure and stakeholder representations.
The Government has extended the due date for filing appeals before the Goods and Services Tax Appellate Tribunal under Section 112(1) read with Section 112(3) to 31.07.2026. An earlier notification had fixed 30.06.2026 as the last date for such filings. The extension was issued in response to representations from stakeholders pointing to technical difficulties caused by a surge in filings on the GSTAT portal.
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.

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NetAcct Solutions Launches Entries ERP Powered by the Entries AI Platform

July 17, 2026

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Backed by former Freshworks leaders, the Bengaluru-based company introduces its next-generation AI-native ERP platform that unifies Accounting, Financial Reporting, Inventory Management, Manufacturing, Procurement, Sales, HRMS, Payroll, Compliance, Projects, Document Management, Business Intelligence, and AI Automation into one intelligent cloud platform.
BENGALURU, India, July 16, 2026 /PRNewswire/ -- NetAcct Solutions Pvt. Ltd., a Bengaluru-based enterprise software company backed by former Freshworks leaders, today announced the launch of Entries ERP, the latest generation of its AI-powered Enterprise Resource Planning (ERP) solution built on the Entries AI Platform.




Powered by Infinity, the enterprise AI Agent from Entries AI, Entries ERP helps organizations automate accounting, finance, manufacturing, inventory, procurement, HR, payroll, compliance, and day-to-day business operations through one unified intelligent cloud platform.


Designed specifically for Indian startups, SMEs, manufacturing companies, professional services firms, Chartered Accountant practices, and growing enterprises, Entries ERP replaces multiple disconnected business applications with one integrated system that connects every department through a single source of truth.


Today, more than 500 organizations trust Entries ERP to manage Accounting, Financial Reporting, Inventory Management, Manufacturing, HRMS, Payroll, Compliance, Procurement, Sales, Projects, Business Intelligence, and Document Management from one platform.


From Accounting Software to a Complete AI-Powered ERP Platform
The journey of Entries began in April 2023 when NetAcct Solutions launched an accounting platform to help Indian businesses migrate from QuickBooks following its exit from the Indian market.


As customers grew, so did their requirements.
Businesses no longer want separate applications for accounting, payroll, inventory, manufacturing, compliance, reporting, and document management. They want one intelligent platform capable of managing their entire business.


Working closely with hundreds of customers across manufacturing, retail, engineering, healthcare, education, logistics, technology, consulting, and professional services, NetAcct Solutions transformed Entries into a complete AI-powered ERP platform built specifically for Indian businesses.


Today, Entries ERP combines years of customer feedback, finance expertise, enterprise implementation experience, and AI innovation into one modern cloud platform.


One Unified Platform for Accounting, Manufacturing, HRMS and Business Operations
Most growing businesses operate multiple software products to manage different functions:
• Accounting Software
• Financial Reporting
• HRMS
• Payroll Software
• Inventory Management
• Manufacturing ERP
• Warehouse Management
• Procurement
• Sales
• Project Management
• Compliance Management
• Document Management
• Business Intelligence
The result is duplicated data, disconnected workflows, manual reconciliations, inconsistent reporting, delayed decision-making, and higher operational costs.


Entries ERP eliminates these silos by bringing Finance, Procurement, Manufacturing, Inventory, Sales, HR, Payroll, Compliance, Projects, Leadership, and Operations onto one unified platform.


Every department works from the same real-time data.


One Platform. One Database. One Source of Truth.


Introducing Infinity by Entries AI — The Enterprise AI Agent
At the heart of Entries ERP is Infinity, the enterprise AI Agent built on the Entries AI Platform.


Infinity is not simply a chatbot.


It is an intelligent business agent capable of understanding transactions, executing business processes, automating accounting, orchestrating workflows, retrieving information, and providing real-time business intelligence.


Unlike traditional ERP systems where AI is added as a feature, Infinity is embedded across every workflow within Entries ERP.


Finance teams, HR professionals, procurement managers, manufacturing planners, warehouse teams, compliance officers, sales teams, and business leaders all work alongside the same intelligent AI assistant.


With Infinity, organizations can:
• Automatically extract Purchase Invoices from PDFs, emails, scanned documents, and images.


• Create Purchase Invoices with AI-assisted validation.


• Generate Sales Quotations and Sales Invoices using natural language.


• Create Journal Entries automatically.


• Recommend accounting entries based on business transactions.


• Process supplier invoices.


• Automate bank reconciliations.


• Retrieve financial statements instantly.


• Generate Balance Sheets, Profit & Loss Statements, Cash Flow Statements, Trial Balance, General Ledger, and MIS reports conversationally.


• Generate GST reports and compliance summaries.


• Retrieve inventory reports and warehouse analytics.


• Monitor manufacturing performance.


• Identify production bottlenecks.


• Detect accounting anomalies.


• Identify revenue leakages.


• Detect missing vendor invoices.


• Monitor compliance risks.


• Generate executive dashboards.


• Answer business questions in plain English.


Infinity can answer questions such as:
• "Show me customers with overdue receivables."
• "What is my EBITDA this quarter?"
• "Which suppliers have pending invoices?"
• "Show inventory shortages impacting production."
• "Summarize payroll costs this month."
• "Which GST invoices are pending reconciliation?"
• "Show my manufacturing efficiency by plant."
• "Prepare my financial reporting package."
Infinity transforms Entries ERP from a traditional system of record into an intelligent system of action.


AI Embedded Across Every Business Process
AI is no longer an add-on.


Within Entries ERP, AI is embedded throughout Accounting, Financial Reporting, Manufacturing, Inventory Management, HRMS, Payroll, Procurement, Compliance, CRM, Projects, and Document Management.


AI capabilities include:
• Purchase Invoice OCR and extraction
• AI-assisted Accounting
• Automated Journal Entries
• Sales Invoice generation
• Quote-to-Cash automation
• Procure-to-Pay automation
• Intelligent document extraction
• GST validation
• Financial reconciliations
• Revenue leakage detection
• Business anomaly detection
• Compliance monitoring
• Automated workflow approvals
• Conversational reporting
• Predictive business insights
• AI-powered dashboards
• Intelligent business recommendations
By reducing manual work across finance and operations, businesses accelerate month-end close, improve reporting accuracy, reduce costs, and make faster decisions.


Built for Modern Finance Teams
Entries ERP provides a complete financial management platform.


Finance capabilities include:
• General Ledger
• Chart of Accounts
• Accounts Payable
• Accounts Receivable
• Bank Reconciliation
• Cash Flow Management
• Budgeting
• Financial Reporting
• Multi-company Accounting
• Multi-branch Accounting
• Multi-currency Accounting
• Cost Centers
• Projects
• Fixed Assets
• Asset Depreciation
• Accrual Accounting
• Deferred Revenue
• Deferred Expenses
• Inter-company Accounting
• Period Close Management
• Financial Close Automation
• Audit Readiness
• AI-assisted Accounting
• Management Reporting
Finance leaders gain complete visibility into organizational performance through real-time dashboards and AI-powered analytics.


Built for Manufacturing, Inventory and Supply Chain
Entries ERP connects manufacturing operations directly with finance.


Manufacturing capabilities include:
• Inventory Management
• Warehouse Management
• Multi-location Inventory
• Batch & Serial Number Tracking
• Procurement
• Purchase Management
• Vendor Management
• Material Requests
• Purchase Orders
• Goods Receipts
• Bill of Materials (BOM)
• Production Planning
• Material Requirements Planning (MRP)
• Work Orders
• Job Cards
• Shop Floor Management
• Production Scheduling
• Material Consumption
• Finished Goods Management
• Subcontracting
• Quality Control
• Manufacturing Costing
• Production Analytics
Every inventory movement automatically updates accounting, ensuring accurate inventory valuation and financial reporting.


HRMS, Payroll and Employee Experience
Entries ERP provides a complete Hire-to-Retire platform.


Organizations can manage:
• Employee Onboarding
• HRMS
• Payroll
• Attendance
• Leave Management
• Shift Management
• Expense Claims
• Performance Management
• Employee Self-Service (ESS)
• Mobile Attendance
• Geo-fencing
• Payslips
• Tax Declarations
• Compliance
• Full & Final Settlement
Employees access everything through the Entries ERP ESS Mobile App.


Smarter GST and Compliance Management
Entries ERP includes integrated GST Compliance, e-Invoicing, e-Way Bill, TDS, statutory compliance, and one of India's most comprehensive Compliance Management platforms.


Organizations can:
• Reconcile Purchase Register with GSTR-2B
• Maximize Input Tax Credit
• Detect supplier filing gaps
• Track statutory due dates
• Monitor Companies Act compliance
• Manage Labour Law compliance
• Monitor Secretarial compliance
• Improve governance through Compliance Health Scores
Businesses remain audit-ready and investor-ready throughout the year.


Built for Chartered Accountants and Managed Finance Services
Entries ERP includes an integrated CA Practice platform enabling firms to manage multiple clients from one workspace.


Capabilities include:
• Client Management
• Accounting Services
• Payroll Services
• Compliance Management
• Document Management
• Task Management
• Collaboration
• Business Insights
• Financial Reporting
The platform enables firms to scale advisory and managed finance services while maintaining complete visibility across every client organization.


One Platform. Infinite Possibilities.


With Entries ERP and the Entries AI Platform, NetAcct Solutions believes the future of enterprise software is autonomous.


Businesses no longer need separate software for Accounting, Financial Reporting, Inventory Management, Manufacturing, Procurement, HRMS, Payroll, Compliance, CRM, Projects, Document Management, Business Intelligence, and AI.


Infinity brings all these capabilities together through one intelligent platform capable of understanding, automating, and continuously improving business operations.


The vision is simple: One intelligent platform that runs the entire business.


About NetAcct Solutions Pvt. Ltd.


NetAcct Solutions Pvt. Ltd. is a Bengaluru-based enterprise software company backed by former Freshworks leaders, building AI-powered business management software for modern Indian businesses.
Its flagship offering, Entries ERP, is built on the Entries AI Platform and powered by Infinity, the enterprise AI Agent.


Entries ERP combines AI-powered Accounting Software, Financial Reporting, Inventory Management, Manufacturing ERP, Procurement, Sales, CRM, HRMS, Payroll, Compliance Management, Projects, Document Management, Business Intelligence, and AI Automation into one unified cloud platform designed specifically for Indian businesses.


The platform enables organizations to replace multiple disconnected applications with a single source of truth, helping them operate more efficiently, make better decisions, strengthen governance, and accelerate growth.


Website: https://entries.ai
Entries ERP — Powered by the Entries AI Platform
One Unified AI-Powered ERP for Accounting, Financial Reporting, Manufacturing, Inventory Management, Procurement, HRMS, Payroll, Compliance, CRM, Projects, Business Intelligence, and Business Operations.


Powered by Infinity. Simplified. Powerful. Built for Growth.


(Disclaimer: The above press release comes to you under an arrangement with PRNewswire and PTI takes no editorial responsibility for the same.). PTI PWR

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