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July 3, 2026
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Startup mentoring and compliance support framework advances ecosystem growth through funding, legal guidance, and market readiness support.
A structured post-funding mentoring and handholding framework has been announced for the selected startups, covering business, regulatory, financial, legal, investment and technology support. The framework includes specialised mentoring on regulatory and legal compliance, taxation, fund utilisation, fundraising strategy, valuation, term sheet negotiations, data privacy, cybersecurity and intellectual property protection, together with Demo Days and the Sounding Board Programme to improve market readiness, strategic positioning and partnership opportunities.
July 3, 2026
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Debt and default threshold shape insolvency admission under the amended framework, alongside new approval and resolution requirements.
The Insolvency and Bankruptcy (Amendment) Act 2026 is described as requiring debt and default to be established before the National Company Law Tribunal admits a case. The amended framework also alters security interest creation, restructures insolvency administration, requires CCI approval before submission of a resolution plan, and requires the committee of creditors to record reasons while approving a plan. Certain features, including cross-border insolvency and CIIRP, are stated to be not yet in force.
July 3, 2026
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Rupee appreciation reflects weaker dollar index, even as importer demand and foreign outflows keep pressure on the currency.
The rupee appreciated against the US dollar in interbank foreign exchange trade, supported by a weaker dollar index and gains in domestic equities, but remained under pressure from dollar demand by importers and corporate hedgers. It moved within a narrow range before closing stronger at 95.21 against the US dollar, while market commentary noted Reserve Bank of India dollar buying to rebuild foreign exchange reserves and continued foreign investor selling in Indian equities.
July 3, 2026
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Desalination project for Mumbai's water supply advances with limited tariff increase and key approvals secured.
Mumbai's first desalination project has moved ahead with a work order issued and key approvals secured to strengthen the city's drinking water supply. The project, undertaken for the Brihanmumbai Municipal Corporation by an expert firm, is intended to meet rising demand through an alternative source as existing dam-based supplies become insufficient. The government says the tariff impact will be limited, while remaining statutory clearances are still being processed.
July 3, 2026
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Totapuri mango price crash prompts review of value chain, farmer incomes, processing capacity and export bottlenecks.
A high-level committee under the Indian Council of Agricultural Research has been constituted to study the sharp fall in Totapuri mango prices in Andhra Pradesh and the distress caused to growers. The panel will review the Totapuri mango value chain across cultivation, processing, marketing, domestic trade and exports, examine cultivation costs, farmer incomes, processing capacity utilisation, demand-supply trends, and the causes of the price decline in domestic and export markets, and identify bottlenecks and opportunities across the sector.
July 3, 2026
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CAG audit of private discoms raises legality questions over regulatory assets and tariff recovery framework.
A dispute concerns the legal permissibility of the Delhi Electricity Regulatory Commission's initiation of a CAG audit of three private distribution companies in relation to accumulated regulatory assets recoverable through future tariffs. The matter arises from competing views on whether the audit could be entrusted to the Comptroller and Auditor General or whether the statutory framework required appointment of an independent chartered accountant instead. The proceedings also involve the broader issue of accumulation and liquidation of regulatory assets, with the status of the audit and related steps remaining under judicial consideration.
July 3, 2026
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Rupee pressure persists despite weaker dollar and crude, as import demand and reserve rebuilding limit gains.
The rupee appreciated in early interbank trade as the dollar index eased from recent highs and Brent crude traded lower, but the currency remained under pressure from sustained dollar demand by importers and corporate hedgers. Foreign exchange commentary also indicated that the Reserve Bank of India was focused on rebuilding forex reserves, leaving less room for the rupee to strengthen freely even when external conditions were supportive. Foreign investors continued net selling in Indian equities amid global risk aversion and higher US bond yields.
July 2, 2026
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Virtual digital assets face regulatory resistance as the central bank warns of illegal use, tracking challenges, and economy-wide risks.
Virtual digital assets, including cryptocurrency, were described as posing risks to an emerging economy because of potential misuse for illegal activity, difficulty in tracking offshore entities, and broader regulatory challenges. The Reserve Bank of India stated that such assets should not be legalised in India at this stage. The Institute of Chartered Accountants of India supported a comprehensive VDA law and proposed guidance on recognition, measurement, presentation, disclosure, financial reporting, and compliance frameworks.
July 2, 2026
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Indian-American diaspora contributions are traced through a curated history spanning migration, science, politics, business, and culture.
Indian-American diaspora history and contributions are traced through a curated project covering 250 defining moments across 15 categories of American life. The selection is described as research-based and externally reviewed, but not comprehensive. It highlights milestones in migration, citizenship, medicine, politics, corporate leadership, entrepreneurship, yoga, science, and cuisine, illustrating the community's growing influence in the American story.
July 2, 2026
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Digital financial inclusion in Meghalaya expands through Jan Dhan accounts, digital transactions, and a stronger focus on cyber resilience.
Digital financial inclusion in Meghalaya expanded through the JAM framework, Direct Benefit Transfer and Digital Public Infrastructure, with 32.76 crore digital transactions during 2025-26 and nearly 10 lakh Jan Dhan accounts. Officials said about 98 per cent of account holders had adopted at least one digital mode of transaction, and the next phase should focus on financial literacy, cyber resilience and meaningful use of digital financial services, particularly in rural areas.
July 2, 2026
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Money laundering attachment of assets linked to alleged fund diversion, off-books sales and bogus capital gains entries
Attachment of assets under the Prevention of Money Laundering Act in a money laundering case linked to alleged diversion of funds from Bhushan Steel Ltd. The Enforcement Directorate attached land, part of a residential property, equity shares and bank balances standing in the name of Ritu Singal, wife of former promoter Neeraj Singal, through a provisional order valuing the properties at more than Rs 58 crore. The action arose from allegations that funds were diverted under the guise of genuine transactions and that cash generated from the off-the-books sale of zinc ingots was routed into accommodation entries and unaccounted bank deposits.
July 2, 2026
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Electricity tariffs remain unchanged in Uttar Pradesh as subsidy support grows and EV charging gets lower solar-hour rates.
Electricity tariffs in Uttar Pradesh are to remain unchanged across consumer categories for the seventh consecutive year for 2026-27, with a higher tariff subsidy supporting lifeline consumers, rural and urban poor families, private tube well operators and rural metered consumers. Although a regulatory gap was identified, no tariff hike was recommended in view of regulatory surplus and improved financial management. The tariff order also retains the green energy additional tariff and introduces provisions for battery swapping stations, Battery as a Service providers and a lower tariff for EV charging stations during solar hours.
July 2, 2026
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Anti-corruption enforcement strengthens vigilance courts, district police stations and witness support under transparency, technology and trust.
Strict anti-corruption enforcement will be applied against ministers, MLAs and officials found involved in corruption, with a zero-tolerance approach and action by vigilance and economic offences agencies. The state will strengthen corruption control through Transparency, Technology and Trust, establish Special Vigilance Courts, Vigilance Police Stations and Vigilance Outposts, provide transport allowance to witnesses, and promote anti-corruption awareness in schools.
July 2, 2026
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Export quality standards support Himachal Pradesh's first cherry and plum shipment reaching Oman, widening horticulture market access.
Himachal Pradesh's first export consignment of fresh cherries and plums has reached Oman, marking an initial international market entry for the state's horticulture produce. APEDA's regional office ensured compliance with international quality, grading, packaging and phytosanitary standards, while coordinating farmers, farmer producer organisations, cooperatives, exporters, HPMC, state departments and logistics partners. The development is presented as a step toward better returns for farmers and wider market access for horticulturists.
July 2, 2026
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Disinvestment and asset monetisation accelerate as the government boosts non-tax revenues and advances major divestment plans.
The government has accelerated disinvestment and asset monetisation to augment non-tax revenues amid fiscal pressure, raising about 31 per cent of its full-year target in the first quarter through offer for sale transactions and Infrastructure Investment Trust-based monetisation. It plans to strengthen the divestment pipeline further, with Life Insurance Corporation and IDBI Bank identified as major prospective transactions under the miscellaneous capital receipts framework.
July 2, 2026
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Cross-border remittance payments gain near real-time speed as Swift's retail framework enables faster, more transparent transfers to India.
Cross-border remittance payments to India are being processed through Swift's new retail payments framework with near real-time credit, end-to-end transparency, upfront cost certainty and no hidden foreign exchange deductions. Standard Chartered announced that it processed the first transaction under the scheme, completing the payment end-to-end in 37 seconds and demonstrating that participating banks can send money to India through Swift rails with settlement speed approaching domestic payment systems.
July 2, 2026
Show AI Summary
Data sovereignty drives the launch of a sovereign cloud platform with built-in compliance, Indian jurisdiction and automated deployment.
Swaraj Cloud is launched as an AI-autonomous sovereign cloud platform built and operated entirely in India, with servers, storage, networks and workload processing designed to remain under Indian ownership and Indian legal jurisdiction. It is presented as addressing data sovereignty and residency obligations under the DPDP Act, MeitY cloud requirements and RBI cloud guidelines by embedding sovereignty at the infrastructure level. The platform also includes a Prompt-to-Production Solution Generator, compliance mapping, Indian Rupee billing, automated deployment and a broad stack of cloud, AI, security and compliance services.
July 2, 2026
Show AI Summary
Global competitiveness of the AYUSH sector gains focus through quality assurance, branding, exports and international collaboration.
Government-industry stakeholders reviewed strategies to strengthen the global competitiveness of the AYUSH sector through innovation, quality assurance, branding, exports and international collaboration. The discussions covered export facilitation, scientific validation, WHO-GMP compliance, the Ayush Quality Mark, regulatory and market access challenges, and the need to expand global recognition for Indian AYUSH products and services. The session emphasised capacity building, international outreach, and alignment of Indian standards with international benchmarks.
July 2, 2026
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Seafood value addition skills gain focus as MPEDA promotes training, quality assurance and export-oriented processing excellence.
MPEDA organised the second National Skill Olympiad on seafood value addition at Seafood Expo Bharat 2026 to promote export-oriented seafood processing skills. The initiative followed 50 training programmes across the east and west coasts, where more than 2,500 workers and professionals were trained in preparing products demanded in international markets. Finalists were assessed on technical skill, hygiene, precision, presentation and product quality, alongside live demonstrations and tasting sessions of value-added seafood products.
July 2, 2026
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Mandatory Ship-to GSTIN and voluntary e-Way Bill closure reshape GST compliance, API validations, and delivery recording from August 2026.
Mandatory capture of Ship-to GSTIN is introduced for Bill-to/Ship-to and combination transactions in e-Way Bill and related e-invoice flows from 1 August 2026, with URP permitted where GSTIN is unavailable. The Ship-to GSTIN is captured only in the backend for verification and audit purposes and is not printed or shared through taxpayer-facing APIs. A voluntary e-Way Bill closure facility is also introduced, allowing closure after delivery by the supplier, recipient, transporter, driver or authorised person, through portal or API, with post-closure actions continuing during the initial stabilisation period.

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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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