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    India exports 12.5 tons of Dashehari, Langra mangoes from UP to Dubai via sea route
    Finacle 10.2.25 software will make banking services faster and more transparent: Himachal CM
    Return of foreign investments shows revival of confidence in economy: RBI Bulletin
    India-US trade deal is almost complete: US State Department after Jaishankar-Rubio talks in Manila
    SC says legal error not sole ground to revoke liberty, flags growing trend of challenging bail
    Parliamentary joint committee on corporate laws amendment bill gets more time to submit report
    Archies Online Launches Pan-India Same-Day Cake, Flower & Gift Delivery Service
    DRI busts clandestine Mephedrone manufacturing facility in Ankleshwar, Gujarat and seizes Rs. 21 lakh; Three arrested
    SC rejects pleas of ED and state against grant of bail to Chaitanya Baghel in liquor scam cases
    US to impose steep tariffs on generic medicine imports from Aug 2028
    Asian shares edge higher after Wall Street climb, even as Brent oil keeps rising
    Rupee falls 11 paise to 96.36 against US dollar in early trade
    India Reaffirms Commitment to Rules-Based Multilateral Trading System at WTO Trade Policy Review in Geneva
    Government's Financial Inclusion Mission Continues to Foster Economic Empowerment Through Universal Banking, Social Security and Credit Access
    Tribunal absolves Lalit Modi of FEMA violation in 2009 South Africa IPL event
    NABARD sanctions Rs 15,056 cr for 6,175 rural infrastructure projects in Haryana
    SUPREME COURT HIGHLIGHTS
    Government and RBI Strengthen Digital Lending Ecosystem Through New Regulatory Framework, Digital Lending App Directory and Enhanced Customer Safeguar...
    A First for India: EbixCash World Money's Perpetual RBI Licence Brings Trade and Family Remittances Within Reach of Millions - Unlocking Opportunities...
    Rationalisation of Foreign Exchange Management (Non-Debt Instruments) Rules, 2019 – Draft Rules for Comments
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    July 22, 2026
    Show AI Summary
    Sea-route mango export protocol validates cold-chain shipping that can reduce logistics costs and expand overseas market access.
    A sea-route export protocol for Dashehari and Langra mangoes was commercially validated for shipment from Uttar Pradesh to Dubai under an extended harvest-to-market transit period. The process used scientific post-harvest management, shelf-life treatment, grading, packing, refrigerated-container transport and a continuous cold chain. The reported marketable condition on arrival supports wider use of cost-effective sea freight, potentially reducing logistics costs, improving grower procurement prices and expanding access to overseas markets.
    July 22, 2026
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    Core banking migration supports faster transactions, stronger cyber security, transparent services and more convenient digital banking for customers.
    Migration of the cooperative bank's core banking system to the Finacle 10.2.25 platform is intended to enable faster, more transparent and secure banking services. The platform is expected to support customer-friendly transactions, stronger cyber security, convenient digital banking and improved operational efficiency. It may also strengthen the bank's delivery of financial benefits under government welfare schemes.
    July 22, 2026
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    Foreign investment recovery signals improved economic confidence amid sustained trade momentum and renewed food- and fuel-led inflation pressures.
    Foreign investment recovery, external trade momentum and inflation developments are examined amid geopolitical and supply-chain uncertainty. Strong export and import growth, the operationalisation of the India-UK Comprehensive Economic and Trade Agreement, renewed portfolio inflows and higher foreign direct investment were identified as supporting external-sector confidence. Consumer price inflation increased, led by food and fuel, while core inflation remained unchanged. Food-price pressures continued across staples, edible oils and vegetables, although comfortable foodgrain stocks could mitigate food-inflation effects.
    July 22, 2026
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    Interim trade deal negotiations near completion as bilateral discussions advance tariffs, defence agreements, strategic cooperation, and regional security.
    India-US bilateral engagement focused on advancing an interim trade arrangement reported to be nearing completion, alongside discussions on tariffs, energy, defence and security, critical minerals, and artificial intelligence. The talks included a shared interest in finalising the interim trade deal and completing unspecified defence agreements connected with prior bilateral commitments. Regional security, West Asia, the Indo-Pacific, and Quad cooperation were also discussed amid efforts to restore bilateral relations following trade, immigration, and security-related strains.
    July 22, 2026
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    Bail cancellation requires harm to criminal justice administration, not merely a legally flawed order granting liberty.
    Bail cancellation must turn on whether continued liberty obstructs the administration of criminal justice, not solely on legal error in the order granting bail. A deficient bail order, without more, does not justify revoking liberty. Challenges to bail orders should not displace the objective of timely trials and securing convictions. Although erroneous legal principles may require correction for consistency, they may not alone warrant cancellation of bail. Broader questions concerning the governing cancellation standard remain open.
    July 22, 2026
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    Corporate law amendments face extended parliamentary review of proposals on compliance decriminalisation, ease of doing business, and governance modernisation.
    Parliament extended the Joint Parliamentary Committee's reporting deadline on the proposed Corporate Laws (Amendment) Bill, 2026 until the end of the Monsoon Session. The Committee is examining amendments to the Limited Liability Partnership Act, 2008 and the Companies Act intended to facilitate ease of doing business, decriminalise minor procedural defaults, and modernise the corporate governance framework.
    July 22, 2026
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    Same-day gifting delivery expands access to cakes, flowers and curated gifts through an integrated pan-India online platform.
    Archies Online has introduced a pan-India same-day delivery service for cakes, flowers, gifts and hampers across major cities. Its integrated online platform offers greeting cards, personalised gifts, chocolates, soft toys and curated hampers for personal, professional and festive occasions. Same-day options include Rakhi and Friendship Day collections, supported by product curation, fresh sourcing and a delivery network intended to provide timely and dependable gifting services.
    July 22, 2026
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    Mephedrone trafficking enforcement uncovered a clandestine laboratory, controlled precursors, alleged drug proceeds and an intended receiver.
    Illicit manufacture and trafficking of Mephedrone, a psychotropic substance under the Narcotic Drugs and Psychotropic Substances Act, 1985, were addressed through an intelligence-led operation involving a clandestine laboratory. Manufacturing equipment, Mephedrone, its controlled precursor, Monomethylamine, and other chemicals used in manufacture were seized under the Act. Cash believed to be drug-trafficking proceeds and a further amount intended as token payment for delivery were recovered. Three persons were arrested in connection with the alleged network.
    July 22, 2026
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    Bail parity in liquor-scam proceedings sustained where principal accused had bail; adverse investigative remarks were removed.
    Bail in the alleged liquor-scam proceedings was sustained on the basis of parity, the applicant's comparatively lesser alleged role, prolonged custody, and the documentary nature of the investigation. The evidentiary value of statements, financial records and digital material was regarded as an issue for trial rather than conclusive assessment at the bail stage. Adverse observations against the state economic-offence investigation were expunged.
    July 22, 2026
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    Generic medicine import tariffs are designed to encourage domestic pharmaceutical manufacturing while preserving policy for patented, branded and innovative drugs.
    Generic medicine imports into the United States are proposed to remain duty-free for two years, followed by escalating tariffs. The structure is intended to encourage pharmaceutical companies to establish manufacturing plants and equipment in the United States, with higher duties applying where companies do not do so within the stated period. The policy is confined to generic drugs, while the approach for patented, branded and innovative medicines is stated to remain unchanged.
    July 22, 2026
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    Oil-driven inflation pressures may prompt higher interest rates, despite equity gains led by artificial-intelligence and semiconductor shares.
    Asian equity markets largely rose following Wall Street gains led by artificial-intelligence and semiconductor shares. Rising crude oil prices are identified as a renewed inflation risk that could encourage central banks to raise interest rates, slowing economic activity and affecting equity valuations. Japan's reliance on imported energy and the effects of a weaker yen on trade values and energy costs are also highlighted.
    July 22, 2026
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    Foreign exchange market volatility pressures the rupee as oil-linked geopolitical risks boost safe-haven dollar demand and prompt market monitoring.
    Foreign exchange market movement saw the rupee depreciate against the US dollar amid higher crude oil prices, geopolitical tensions affecting oil-shipment security, and safe-haven demand for the dollar. RBI measures intended to attract overseas deposits were reported to support market confidence through foreign-currency inflows. Dealers were monitoring possible RBI participation through state-owned banks to moderate currency volatility while permitting gradual exchange-rate adjustment and preventing disorderly market movements.
    July 22, 2026
    Show AI Summary
    Rules-based multilateral trade engagement guides India's policy review, highlighting digital reforms, trade facilitation and clarification of market measures.
    India's WTO Trade Policy Review reaffirms commitment to a transparent, rules-based, inclusive and development-oriented multilateral trading system. It identifies reforms in trade facilitation, digital customs, logistics modernisation, quality infrastructure, Digital Public Infrastructure, innovation, sustainability, agricultural resilience and regional trade agreements. WTO Members recognised India's economic resilience and customs and digital modernisation, while seeking clarification on trade and investment regimes, Quality Control Orders, trade-remedy measures and WTO reforms.
    July 22, 2026
    Show AI Summary
    Financial inclusion expands universal banking, social insurance, pensions and collateral-free credit for underserved households and entrepreneurs.
    Financial inclusion is pursued through universal banking under Pradhan Mantri Jan Dhan Yojana, social-security coverage through life, accident and pension schemes, and credit access for underserved borrowers. Pradhan Mantri Mudra Yojana provides collateral-free institutional finance to micro and small business units for income-generating activities. The Stand-Up India Scheme supports Scheduled Caste, Scheduled Tribe and women entrepreneurs through loans for greenfield projects in manufacturing, trading, services and agriculture-allied activities.
    July 21, 2026
    Show AI Summary
    Foreign exchange contravention liability requires evidence that the person was responsible for the overseas transfer in question.
    Foreign exchange transfer for the 2009 South Africa cricket tournament was examined under the Foreign Exchange Management Act after funds were moved to an overseas entity without prior Reserve Bank approval. The appellate tribunal set aside the penalty imposed on Lalit Modi, finding no material establishing that he was in charge of the relevant affairs or personally responsible for the alleged contravention. Liability for a foreign-exchange contravention must rest on evidence connecting the person proceeded against with responsibility for the impugned transaction.
    July 21, 2026
    Show AI Summary
    Rural infrastructure financing under RIDF supports irrigation, roads, water supply, cooperative digitisation, producer organisations and climate-resilient livelihoods.
    Rural Infrastructure Development Fund financing supports rural infrastructure in Haryana, including irrigation, roads and drinking-water assets. Rural cooperative strengthening includes digitisation and financial viability of Primary Agricultural Credit Societies, alongside promotion and financial support for Farmer Producer Organisations. Climate-resilient measures include watershed development, groundwater management, micro-irrigation, direct seeding of rice and vegetable clusters, supplemented by livelihood training for rural women and agricultural lending and project-appraisal support.
    July 21, 2026
    Show AI Summary
    Supreme Court proceedings address juvenile adult trials, insolvency, electoral representation, environmental funds and foreign-exchange complaint requirements.
    Supreme Court proceedings covered election representation, criminal justice, insolvency and regulatory compliance. The Court considered challenges concerning political-party merger approval, separate insolvency proceedings for group entities, and espionage charges. It sought responses on an appeal mechanism for persons excluded from the National Register of Citizens and alleged non-utilisation of environmental relief funds. Criminal matters included medical assessment for interim bail, a fresh trial in a blast case, and the principle that a juvenile accused of murder may face adult trial where statutory conditions for a heinous offence are met.
    July 21, 2026
    Show AI Summary
    Digital lending safeguards require verified app associations, responsible recovery, data privacy, grievance redressal and reporting channels against illegal loan apps.
    Digital lending safeguards include a public directory enabling customers to verify a digital lending app's association with a regulated entity. The Digital Lending Directions, 2025 impose mandatory requirements on recovery practices, data privacy and customer grievance redressal for regulated entities, lending service providers and digital lending apps. Measures also include blocking illegal loan applications following due process, cybercrime reporting channels, complaint facilities for unlawful money collection, and public awareness programmes on fraud prevention and risk mitigation.
    July 21, 2026
    Show AI Summary
    Authorised Dealer Category-II remittances expand to specified trade and family-maintenance payments under the revised FEMA framework.
    FEMA framework revisions described as effective from May 2026 expand Authorised Dealer Category-II activities to include specified trade remittances and family-maintenance remittances, subject to the applicable RBI and FEMA framework. EbixCash World Money Limited states that its perpetual AD-II licence carries this expanded scope. The release describes a non-bank channel for MSME and SME cross-border payments, supported by Nostro-account settlement, remittance and travel-card services, and technology-enabled compliance measures including document verification, sanctions screening, fraud detection and transaction monitoring.
    July 21, 2026
    Show AI Summary
    Foreign investment regulation: Draft rules propose simpler, principle-based compliance and clearer separation of procedural requirements from investment policy.
    Draft Foreign Exchange Management (Foreign Investment) Rules, 2026 propose a simplified, principle-based foreign investment framework. The proposals rationalise provisions, harmonise definitions, and separate procedural foreign-exchange requirements from foreign direct investment policy and sector-specific conditions. They aim to streamline procedures, reduce compliance burdens, enhance operational flexibility, and apply investor-neutral and investee-neutral provisions while preserving regulatory safeguards. The draft Rules remain subject to public consultation before finalisation.

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      Customs & Trade

      Zelenskyy has 'good meeting' with Trump at White House as he seeks more cooperation with US

      July 29, 2026

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      Washington, Jul 29 (AP) President Donald Trump and Ukrainian President Volodymyr Zelenskyy met Tuesday ahead of Senator Lindsey Graham's funeral, with the two leaders discussing ways for Ukraine to produce its own powerful weapons and “other ideas that could help” in its ongoing war against Russia.

      The sit-down in the Oval Office, which was closed to the media, followed a consequential meeting at the NATO summit earlier this month in Ankara, Turkiye, where Trump announced that the US will give Ukraine a license to make Patriot defence systems -- a long-running request from Kyiv to counter Russian missile attacks.

      Taken together, those meetings underscore how much the US president, once a major sceptic of continued assistance to Kyiv, has warmed to Zelenskyy as Ukraine continues to withstand the Russian barrage more than four years after Moscow's invasion in 2022. The Ukrainian leader, whose relationship with Trump in his second term was marked by a raucous White House visit in which he was denigrated for being ungracious, has worked to court the Republican administration while relying on both likely and unlikely allies in Trump's orbit to exert their influence with the president.

      The ongoing conflict in the Middle East, which has consumed much of the Trump administration's focus this year, has also become gradually entwined with Ukraine, with Ukraine firing on at least one Iranian vessel in the Caspian Sea over the weekend while Zelenskyy asserts that Russia has been offering satellite imagery of US bases in the Persian Gulf to Iran.

      In a post on social media after the meeting, Zelenskyy thanked Trump for the “good meeting” and the Republican administration's efforts to aid Kyiv in the long-running war. Officials also agreed that Steve Witkoff and Jared Kushner, the president's main envoys, would make a trip to Kyiv sometime in the future, according to a person familiar with the talks who was granted anonymity to discuss the closed-door meeting.

      “The President and I discussed licenses for Patriot interceptor production and several other ideas that could help,” said Zelenskyy, who also noted that he offered condolences to Trump for the death of Graham, a close ally. “We also spoke about diplomacy -- it's important that the diplomatic process be reinvigorated.” Trump on Tuesday night weighed in on his meeting with Zelenskyy, calling it a “Great Honour” to meet with him. “Many things were discussed. The meeting went very well!” he wrote on Truth Social.

      Zelenskyy wants to bolster Ukraine's defence production ------------------------------------------------------------------ Later during his whirlwind, one-day visit to Washington, Zelenskyy posted that he met with officials from Lockheed Martin for further cooperation in both defence production and exchanging of technologies, saying, “Ukraine has a lot to share with those who help us protect lives.” Later, in a meeting with senators at the Capitol, Zelenskyy again made his case for why Ukraine needs Patriot interceptors, as well as a sweeping sanctions bill to impact morale and increase pressure on Russia, according to two people with direct knowledge of the private discussion. They were granted anonymity to disclose details of a closed-door meeting.

      While Ukraine remains grateful to Trump for agreeing to issue a license to manufacture the Patriots, Zelenskyy emphasised to senators that that is a longer-term solution. This year, Zelenskyy said, Ukraine will need the US to provide missiles that Kyiv would pay for with European funds, said one of the people with knowledge of the meeting.

      Finnish President Alexander Stubb, who like Zelenskyy was in Washington for Graham's funeral, also spoke to senators, saying Ukraine retains strong support from NATO and the European Union in terms of providing and paying for weaponry, as well as imposing sanctions on Russia.

      Luke Coffey, a senior fellow at the conservative-leaning Hudson Institute, said expanding production capacity for Patriot interceptors is not only vital for Ukraine, but also for the US and its Gulf allies, particularly as supply runs low during the war in Iran.

      “Ukraine has shown that its defence industry is capable, innovative and creative,” Coffey said. “I have no doubt that when they're granted the license, they will be able to produce these missiles which will hopefully mean there will be more available for the US” Trump welcomed Zelenskyy to the White House as the Ukrainian leader travelled to Washington to honour Graham, whose final act as a public official was visiting Kyiv and securing an agreement on a package of sanctions that seek to punish countries that purchase Russian oil, gas and other exports.

      In a Fox News interview Tuesday, Trump recalled Graham's hawkishness and said the South Carolina senator's support for Ukraine never wavered. Trump said Graham had suggested it was time to make a deal with Iran but had no similar suggestion for the Russia-Ukraine war.

      “Ukraine, he's very militant about,” Trump said on “Fox & Friends." "I mean, Lindsey liked war, to be honest with you." The Trump administration's embrace of Zelenskyy also comes as Laura Loomer, a far-right activist with the US president's ear had a recent, widely publicised change of heart on Russia's war against Ukraine.

      Ukraine highlights ties between Iran and Russia ------------------------------------------------------- Ahead of the meeting, Zelenskyy also warned that Russia has been aiding Iran as the war persists by capturing satellite imagery of US bases in the Gulf region that later appear in Iran. The Ukrainian president also asserted that there was a “clear correlation” between Russia's images and subsequent Iranian strikes.

      Iran is a key ally of Russia in its war against Ukraine and has helped Moscow build up its drone expertise.

      But on Monday, Trump downplayed any impact of potential Russian assistance for Iran.

      “I don't think they've been doing it, certainly not at a high level,” Trump told reporters on Air Force One as he travelled to Michigan. “And if they have, it has been very un-impactful.” On the Caspian Sea attack, the foreign ministers of Iran and Ukraine spoke about the matter, according to statements posted on social media Tuesday. Ukrainian Foreign Minister Andrii Sybiha called the conversation “frank” and said Ukraine's focus is “solely at defending our country from Russian aggression" and not on targeting civilians.

      Iran has said at least one sailor was killed in the attack. For his part, Iranian Foreign Minister Abbas Araghchi said Iran is also not seeking escalation but “made clear any attack on our citizens or interests is unacceptable." Pro-Ukraine backers pushing to advance sanctions bill --------------------------------------------------------------- Zelenskyy had a busy itinerary during his latest visit to Washington. During his meeting at the Capitol, which was held just before a key vote on the Russia sanctions bill and after Graham's funeral, the Ukrainian leader argued that they have a window to bring Russian President Vladimir Putin to the negotiating table, according to one of the people with direct knowledge of the meeting.

      In a bipartisan 86-12 vote, the Senate took the first steps toward passage of legislation to penalise countries that continue to buy Russian oil, gas and other exports after more than a year of negotiations.

      The bill has dozens of backers from both major political parties and is seen as the main policy tribute to Graham, who died unexpectedly this month from a tear in his aorta. It imposes tariffs on goods from the world's top five purchasers of Russia oil or natural gas, including China and India.

      The legislation also includes sanctions against Putin; senior Russian political and military leaders; and Russian financial institutions and energy projects. (AP) FHK FHK

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