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July 20, 2026
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Responsible business conduct requires credible ESG disclosures, sector-specific reporting, supply-chain due diligence and inclusive MSME participation for sustainable development.
Responsible business conduct and ESG integration were presented as constitutional and legal obligations connected with environmental protection, social equity, human dignity and sustainable development. ESG was discussed as extending beyond compliance to support resilience, risk management and sustainable innovation. Key priorities included credible, comparable and reliable disclosures; sector-specific reporting responsive to materiality and data gaps; responsible value-chain due diligence; MSME capacity-building; technology-enabled traceability; credible assurance; and rigorous, comparable environmental metrics. Capacity-building, policy research and partnerships were identified as important to advancing inclusive ESG adoption.
July 20, 2026
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Intelligence-led anti-smuggling enforcement disrupts narcotics, illicit tobacco and cross-border arms trafficking through coordinated seizures and arrests.
Intelligence-led operations addressed narcotics smuggling, illicit tobacco trade and cross-border arms trafficking. Methamphetamine allegedly smuggled from Myanmar and pseudoephedrine intended for illegal export were seized, with arrests made under the NDPS Act, 1985. An import container falsely declared as carrying plastic storage boxes contained smuggled foreign-made cigarettes. Drone-dropped parcels containing Pakistan-made pistols were recovered near the international border and handed to jurisdictional police for action under the Arms Act, 1959.
July 20, 2026
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Precious-metals smuggling enforcement targets concealed gold transport, illicit sale proceeds and airport insider facilitation networks.
Organised precious-metals smuggling was targeted through intelligence-led operations involving seizures of foreign-origin gold, silver and cash believed to represent sale proceeds, with arrests of persons allegedly connected with possession, transport and facilitation of smuggled goods. The operations addressed concealment in luggage-frame rods, undergarments and specially fabricated vehicle cavities, and included alleged airport-staff assistance in clandestinely removing smuggled gold during passenger transit.
July 20, 2026
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India-EU economic cooperation advances through FTA implementation, investment facilitation, digital partnerships, manufacturing collaboration and market-access discussions across Europe.
India advanced economic engagement with European partners through discussions on trade, investment, technology cooperation, manufacturing, digital infrastructure and market access. The engagements emphasised early signing and implementation of the India-EU Free Trade Agreement, investment protection, geographical indications, regulatory cooperation and professional mobility. Cooperation initiatives included digital payments interoperability, artificial intelligence, advanced manufacturing, clean energy, cybersecurity, fintech, telecom, research and supply-chain resilience. European businesses were encouraged to establish India as a manufacturing, innovation and export hub, including through opportunities for MSMEs, startups and future-oriented sectors.
July 19, 2026
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Russian oil purchase tariffs would target major buyers and sanctions-evasion facilitators, with specified energy, nuclear and cooperation exemptions.
Proposed United States legislation on Russian sanctions would impose tariffs on imports from countries identified as major purchasers of Russian crude oil or natural gas or leading facilitators of Russian oil-sanctions evasion. It provides for periodic reassessment and tariff adjustment based on purchasing behaviour, while exempting specified reduced natural-gas imports, United States uranium purchases for nuclear and medical needs, and certain nuclear and space cooperation. The revised proposal also addresses sanctions-evasion fleets and Chinese support for Russia's defence industrial base.
July 18, 2026
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Corporate governance and asset quality improvements accompany stronger banking profitability amid continuing leadership reappointment considerations.
Banking-sector performance reporting records higher profitability, improved asset quality and lower provisions for bad loans, although operating profit declined and capital adequacy moderated. Corporate governance developments include appointment of a part-time chairman following the former chairman's resignation and concerns about internal practices. The chairman's prior financial-services role was associated with actions against shell companies and ponzi schemes targeting black-money structures. Reappointment of the managing director and chief executive officer remains subject to committee consideration.
July 18, 2026
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Covid business loan fraud involved inflated turnover, duplicate applications, personal diversion, and criminal sentencing with recovery action.
Covid business loan fraud involved false Bounce Back Loan applications based on inflated turnover, duplicate claims, and false declarations that funds would be used solely for business purposes. The loan proceeds were diverted to personal accounts for personal debts, personal finance, stocks and shares, and transfers between company accounts. The borrower pleaded guilty to fraud offences, received a custodial sentence, and faces recovery proceedings for the fraudulently obtained funds under the Proceeds of Crime Act 2002.
July 18, 2026
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Onion export infrastructure: growers seek a Nashik export hub, dedicated terminal and logistics link to global markets.
Onion growers seek development of Nashik as a National Onion Export Hub linked to the proposed agricultural market near Vadhvan port. The proposed framework includes an onion export terminal, grading, sorting, packing, quality testing and customs-clearance facilities, and rail, container and cold-chain logistics. Additional requests include a stable national onion export policy, support for processing industries, direct farmer producer organisation participation in exports, an export promotion cell, and a training, research and export-guidance centre.
July 18, 2026
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EXIM operations at Vizhinjam will establish an international cargo gateway while retaining open-access common-user port services.
Full export-import (EXIM) operations at Vizhinjam International Seaport are scheduled to commence from August 18, transitioning the port from a transshipment hub into an international cargo gateway. The launch is intended to reduce logistics costs, improve supply-chain efficiency, enhance export competitiveness, and support investment and employment. The port will continue as an open-access, common-user facility serving shipping companies on an equal basis.
July 18, 2026
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India-Finland technology cooperation expands across digital infrastructure, sustainable manufacturing, research partnerships, investment, and emerging industrial technologies.
India-Finland cooperation was advanced through discussions on telecommunications, digital infrastructure, electronics manufacturing, research and development, innovation, clean technologies, advanced materials, and technology transfer. Further priorities included smart urban infrastructure, sustainable construction, advanced manufacturing, localisation, industrial machinery, clean industrial solutions, and investment. The engagements also explored EV charging infrastructure and reinforced business-to-business linkages for long-term cooperation in technology, sustainable manufacturing, research, and investment.
July 18, 2026
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Alternative oil export routes aim to reduce Iraq's reliance on the Strait of Hormuz through pipeline investment and regional transit.
Alternative oil export routes from Iraq are being pursued through agreements to develop pipeline capacity that can reduce reliance on the Strait of Hormuz. Planned pipelines would support larger-scale exports through Syria and Turkey and strengthen energy-security options amid disrupted maritime shipments. Their timing and viability remain uncertain because cross-border construction requires substantial development and coordination. Existing overland shipments through Syria offer a temporary, but less efficient and more costly, route to European markets. Iraq has emphasised its preference for long-term investment partnerships over project-based contracting.
July 17, 2026
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Consolidated fraud investigation requires specialised inquiry where an investor complaint forms part of an alleged shell-company network.
A fraud investigation concerning an alleged real-estate investment scheme was transferred to the Serious Fraud Investigation Office because the named company was stated to be part of a wider alleged shell-company network already under its examination. The FIR was not quashed, as the complainant's individual transaction had not been investigated. A single specialised inquiry was considered necessary to prevent fragmented or conflicting investigations into an allegedly indivisible fraud scheme.
July 17, 2026
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Foreign exchange market movement strengthens the rupee as equity gains and possible central-bank support offset oil-price pressure.
Foreign exchange market movement saw the rupee appreciate against the US dollar, supported by positive domestic equity-market performance, lower US Treasury yields and reported possible central-bank intervention. Elevated West Asia tensions, higher global crude-oil prices and cautious foreign investment flows continued to pressure the currency. Market attention remained focused on global developments, crude-oil movements and foreign institutional investment activity, alongside an increase in foreign-exchange reserves.
July 17, 2026
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E-commerce export promotion supports Madhya Pradesh businesses through global marketplace access, exporter readiness, and a cross-border export roadmap.
A memorandum of understanding supports Madhya Pradesh businesses, including MSMEs, entrepreneurs, direct-to-consumer brands, manufacturers, weavers, artisans and producers, in accessing international customers through the Amazon Global Selling programme. The collaboration will improve e-commerce export awareness, exporter readiness and knowledge sharing, while developing a state export roadmap with policy and infrastructure recommendations. It will also identify interventions relating to logistics, access to finance, payment reconciliation and regulatory enablers for cross-border exports.
July 17, 2026
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Russian oil purchase tariffs and tighter visa oversight reshape trade exposure and immigration compliance for foreign nationals.
Proposed trade tariffs on purchases of Russian oil would target specified countries, including India and China, while exempting European purchasers of Russian gas. Separately, tighter United States visa regulations for international students, exchange visitors and journalists would end a long-standing arrangement allowing indefinite residence without government oversight. The reported changes may materially affect foreign nationals, including Indian nationals, through differentiated trade treatment and enhanced immigration compliance requirements.
July 17, 2026
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Clean slate doctrine extinguishes uncrystallised operational claims and pending proceedings once an approved insolvency resolution plan becomes binding.
The clean slate doctrine under the Insolvency and Bankruptcy Code is described as abating or extinguishing pending civil suits and arbitration involving pre-insolvency operational claims that had not crystallised into determinable and quantifiable amounts before resolution-plan approval. Claims must be submitted to and determined by the resolution professional, and only crystallised claims incorporated in the approved plan remain payable under its prescribed treatment. Once final, the creditor list and approved plan bind all stakeholders.
July 17, 2026
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Foreign exchange reserves rose as foreign currency assets, gold, Special Drawing Rights and IMF reserve position increased.
Foreign exchange reserves increased during the reporting week, principally because foreign currency assets rose. Reserve components include foreign currency assets, gold reserves, Special Drawing Rights and the reserve position with the International Monetary Fund. Foreign currency assets, expressed in dollar terms, reflect valuation effects arising from movements in non-US currencies held in the reserves. Gold reserves, Special Drawing Rights and the reserve position with the International Monetary Fund also increased.
July 17, 2026
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Rupee exchange-rate movement stabilised after possible central bank intervention, while oil prices and foreign fund flows sustained pressure.
The rupee strengthened against the US dollar following four declining sessions, reportedly amid possible Reserve Bank of India intervention. Elevated West Asia tensions, higher crude-oil prices and cautious foreign fund flows continued to weigh on the currency, despite consolidation in the absence of major domestic triggers. Market participants were expected to monitor global developments, crude-oil movements and foreign institutional investor activity for the next directional move.
July 17, 2026
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Revised Index of Core Industries adopts a new base year, adds Iron Ore, and aligns production measurement methodology.
The revised Index of Core Industries adopts 2022-23 as its base year and replaces the 2011-12 series. Its weights are derived from the 2022-23 Index of Industrial Production and redistributed pro rata to total 100. Iron Ore is added as a core industry, expanding the basket to nine industries. The Steel Index will use gross production data for consistency with the Index of Industrial Production. In the Coal sector, only Raw Coal is retained; Coal Middlings and Washed Coal are excluded to prevent double counting.
July 17, 2026
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Sustainability reporting discipline requires credible disclosures, board-level integration, data assurance and proportionate ESG implementation across business value chains.
ESG-led responsible business conduct requires sustainability disclosures that are relevant, comparable, evidence-based and verifiable, supported by reliable systems, internal controls, documentation, traceability and independent examination. Sustainability should be integrated into board-level decision-making, fiduciary responsibilities, risk management and long-term enterprise value. Stronger governance, accountability and data-assurance frameworks are needed to address greenwashing, with proportionate reporting, technology and capacity-building supporting implementation across value chains and MSMEs.

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Corp. Laws, SEBI & IBC

Ministry of Corporate Affairs’ ‘Corporate Mitra Scheme’ Awareness Webinar Successfully Organized by IICA Shillong for the youth and enterprises of Arunachal Pradesh

July 27, 2026

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The Indian Institute of Corporate Affairs (IICA), Shillong, under the Ministry of Corporate Affairs, successfully organised a webinar on recently, for awareness and sensitization of the Corporate Mitra Scheme among the youth, students, MSMEs, professionals and enterprises of Arunachal Pradesh.

The webinar was conducted as part of the Corporate Mitra Scheme Awareness Campaign for the Northeast Region (NER), in collaboration with Rajiv Gandhi University (RGU)-Arunachal Pradesh and support of The Institute of Cost Accountants of India (ICMAI) - as the lead co-host and the Institute of Company Secretaries of India (ICSI), the Institute of Chartered Accountants of India (ICAI) – as the support co-host.

The Scheme aims to empower MSMEs, primarily in the Tier-3 & 2 cities, by supporting them in playing their part in the larger vision of a Viksit Bharat @ 2047. The scheme embodies the vision of a formalized, financially sustainable, and a thriving MSME sector by creating a strong support ecosystem for the MSMEs, through facilitating access to a pool of qualified, accredited and trusted para professionals “Corporate Mitras”.

The Corporate Mitras are envisaged to provide accessible, affordable, and quality compliance and business support services to Micro, Small and Medium Enterprises (MSMEs), while creating a pool of trained para-professionals by equipping young graduates with industry-relevant knowledge and practical skills. The initiative is expected to strengthen the MSME ecosystem and enhance employment opportunities, particularly across the North Eastern Region. The accredited Corporate Mitra(s) are expected to provide affordable and accessible professional assistance to the local enterprises, for the non-core aspects of their business operation i.e. regulatory, compliance, financial, taxation, accounting, and governance-related needs, thereby ensuring that MSMEs can focus on innovation, expansion and growth, while meeting regulatory requirements with ease.

The scheme implementation is planned with an initial pan India target of 2000 participants, including 200 exclusively from the North East Region (NER), with a 50% fee concession being available for the NER candidates.

For Scheme’s rollout and implementation for the Northeast region, Indian Institute of Corporate Affairs (IICA) Shillong, under the Ministry of Corporate Affairs has been designated as the nodal agency for coordination and liaison with State Governments and other stakeholders (universities/associations/industry bodies/institutes etc.), for promotion, and awareness of the Scheme.

Registration for the 'Corporate Mitra' Course was launched for registration by eligible students w.e.f. from 15th July 2026 and shall be live up till to 31st July 2026 (Registration Link: https://swayamplus.education.gov.in/courses/corporate-mitra).

The webinar commenced with the welcome address and context-setting by Sh. Debarun Kalita, Officer on Special Duty (OSD) for IICA Shillong, designated Nodal Officer for the Corporate Mitra Scheme for the Northeast. Sh. Kalita, at the outset expressed his deep gratitude to the visionary leadership and guidance of the Director General, Indian Institute of Corporate Affairs, Sh. Gyaneshwar Kumar Singh, under whose stewardship, the original concept of the Corporate Mitra course was developed, structured and given shape.

He further shared the development context and conceiving of the Corporate Mitra concept, to address the inherent challenges faced by the MSMEs in business growth, scale-up and expansion, particularly from the northeast, on account of regulatory and secretarial compliance burden, lack of affordable business advisory/support professionals and pressing need transformative initiatives towards Ese of Doing Business (EODB).

The President, The Institute of Cost Accountants of India (ICMAI), CMA Sh. Chittaranjan Chattopadhyay, who delivered the keynote address, highlighting the importance of building a skilled professional workforce to support MSMEs and contribute to India’s vision of Viksit Bharat @2047, graced the webinar.

A special address was also delivered by the Vice President The Institute of Cost Accountants of India (ICMAI), CMA Manoj Kumar Anand, who informed the participants on the need to have a facilitative and supporting eco-system both for the youths/students and the MSMEs, which the Corporate Mitra Scheme addresses.

A special address was delivered by Prof. Rama Chandra Parida, Head of the Department of Commerce at Rajiv Gandhi University, Arunachal Pradesh, who appreciated the collaborative initiative and encouraged students to explore the opportunities, offered under the Corporate Mitra Scheme.

The technical session featured a comprehensive presentation on the scheme's objectives, implementation framework, and core competencies by the Lead Co-host from The Institute of Cost Accountants of India (ICMAI), CMA (Dr.) S.K. Gupta, Managing Director of the ICMAI Registered Valuers Organization, followed by an engaging interactive session that addressed participants' queries.

The webinar witnessed enthusiastic participation from more than 150 students, faculty members, and aspiring professionals representing various institutions across Arunachal Pradesh.

The programme concluded, with a formal Vote of Thanks expressing gratitude to the leadership at Ministry of Corporate Affairs, Director General, IICA, and appreciation to all dignitaries, partner institutions, participants, and the organizing teams of IICA Shillong, Rajiv Gandhi University, and The Institute of Cost Accountants of India (ICMAI), the Coordination Committee, Corporate Mitra Scheme, for their valuable contributions towards the successful conduct of the webinar.

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