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    Starmer leaves India-UK relations on strong footing for next UK PM, say experts
    Telangana pitches for 44 pc import duty on crude palm oil, exclusive RFCL urea allocation
    Day 3 of CJP sit-in at Jantar Mantar: Dipke steps up attack over NEET row; protesters stay put
    NABARD appoints G Ramesh Kumar as new CGM of Assam unit
    Adverse monsoon may pose headwinds for domestic growth, inflation outlook: RBI Bulletin
    Day 3 of CJP sit-in at Delhi's Jantar Mantar: Dipke steps up attack over NEET row
    Two-Day National Chintan Shivir on Environment-Related Trade Measures and FTAs Begins in New Delhi
    Punjab's bicycle industry seeks release of pending GST refunds
    Bharat Buildcon 2026 Generates Rs. 400 Plus Crore Business, Emerges as India's Largest Global Platform for Building Materials Industry
    Manage Your Budget and EMIs with a Bajaj Finance Personal Loan Calculator in 2026
    Maharashtra govt tables Rs 97,706 cr supplementary demands; Rs 20,552 cr for farm loan waiver
    ED questions CMRL finance chief in Exalogic money laundering probe
    APEDA Facilitates First-Ever Export of Dried Whole Egg Powder from Odisha to Austria
    Participants of founding batch of Masters in Financial and Economic Crimes programme Visit EAC-PM; Quarterly Newsletter on Economic Security Launched
    Farmers invited to join CJP stir as Jantar Mantar protest heads into third day
    Kerala organ trafficking racket operated under guise of medical tourism co, says ED
    MP: ED conducts raids in 'fake' road construction bills case, freezes deposits worth about Rs 3 cr
    ED summons former Kerala CM’s daughter again in CMRL money laundering case
    ED attaches over Rs 1,000-cr assets in Goa 'illegal' iron ore mining case
    India boosts Russian, UAE oil purchases in Jun ahead of full Hormuz recovery
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June 22, 2026
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India-UK free trade agreement and strategic partnership remain on a strong footing after Starmer's resignation.
India-UK relations are described as remaining on a strong footing following Keir Starmer's resignation, with British Indian experts stating that the UK-India Free Trade Agreement and the broader bilateral partnership are likely to continue under the next Labour leader. The commentary emphasises that Starmer is credited with signing the agreement, resetting ties with India, and placing the relationship on a stable platform for future growth in trade, business, technology, clean energy, skills and strategic cooperation.
June 22, 2026
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Agricultural supply stability and industrial infrastructure drives shape Telangana's demand for higher palm oil duty and exclusive urea allocation.
Telangana urged restoration of the import duty on crude palm oil to 44 per cent and exclusive allocation of urea from the Ramagundam Fertilizers and Chemicals Limited plant to the state. The requests were framed around fertiliser supply stability and protection of oil palm farmers' livelihoods ahead of the kharif sowing season. The state also sought central support for industrial and logistics projects, including a logistics hub, plug-and-play industrial parks, an Aero-Defence Corridor, mega leather parks, and a Multi-Modal Logistics Park.
June 22, 2026
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NEET paper-leak controversy drives a sustained sit-in protest demanding accountability and education system reforms.
A sit-in protest at Jantar Mantar continued for the third consecutive day over alleged NEET examination irregularities and the paper-leak controversy, with demonstrators demanding accountability and the resignation of the Education Minister. Protesters said students were being penalised for minor delays or for circumstances arising from the cancelled examination, while those allegedly involved in the leak had not been held to account. The agitation was maintained amid police deployment, and candles were lit in memory of students said to have died by suicide following the controversy.
June 22, 2026
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Banking leadership appointment at NABARD brings an experienced executive to head its Assam unit with immediate effect.
NABARD appointed G Ramesh Kumar as Chief General Manager of its Assam unit with immediate effect, replacing Loken Das. He has over 30 years of experience in banking and finance, including rural and development banking, project and corporate debt financing, and prior leadership roles within NABARD and its subsidiaries.
June 22, 2026
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Growth and inflation outlook face monsoon and geopolitical risks, while the Indian economy remains supported by strong fundamentals.
Adverse south-west monsoon conditions may create headwinds for domestic growth and the inflation outlook, while the global economic landscape remains fragile amid continuing geopolitical tensions and trade disruptions. A breakdown of the interim West Asia peace arrangement could revive risks relating to inflationary expectations, energy infrastructure, investment spending, food security, financial stability, and structurally lower growth. The Indian economy is described as having stronger fundamentals, with growth supported by private consumption and fixed investment, anchored inflation, and a resilient external sector.
June 22, 2026
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Accountability in the NEET paper leak controversy drives continued sit-in protest and demands for examination reforms.
Demand for accountability in the NEET examination controversy continued at Jantar Mantar as the CJP held a sit-in protest over alleged paper leak, examination irregularities and the cancellation of the test. Protesters, including some NEET aspirants who took the re-examination, said they were mentally distressed by having to prepare and sit for the exam again after the earlier cancellation. The protest centred on criticism of the government's handling of late-arriving students, alleged inaction over the paper leak, and calls for the resignation of the Education Minister and reforms in the examination system.
June 22, 2026
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Environmental trade measures shape WTO and FTA discussions on export competitiveness, market access, and sustainable trade practices.
A two-day National Workshop/Chintan Shivir examines environment-related non-tariff measures and their implications for WTO rules and India's free trade agreements. The deliberations focus on the growing use of environmental and climate-linked trade measures, their impact on Indian exports and export competitiveness, and strategic responses that preserve market access while supporting sustainable trade practices. The workshop covers Technical Barriers to Trade, sustainability-related non-tariff measures, and carbon- and deforestation-related trade measures.
June 22, 2026
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GST refund delays deepen working capital stress for bicycle manufacturers seeking faster, transparent processing.
Punjab bicycle manufacturers have sought immediate release of pending GST refunds, saying delays in processing refund claims have created severe working capital and liquidity stress. They said higher GST on inputs than on bicycles has blocked substantial funds, and urged a fully faceless and online refund mechanism to improve transparency and reduce corruption.
June 22, 2026
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Trade exhibition platform boosts Indian manufacturing, export opportunities and global buyer engagement across the building materials sector.
Bharat Buildcon 2026 served as a major trade exhibition for the building materials, construction and infrastructure sectors, bringing together manufacturers, exporters, architects, builders, developers, contractors, distributors, retailers and global buyers on a single platform. The event showcased Indian manufacturing capabilities across multiple product categories and created opportunities for domestic and international business engagement. It also enabled Indian MSMEs and emerging manufacturers to connect with overseas buyers, distributors and sourcing partners, supporting export exploration, market expansion and broader global access.
June 22, 2026
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Unsecured personal loans with EMI calculator help borrowers compare tenures, estimate repayments, and plan budgets flexibly.
Bajaj Finance Personal Loan is described as an unsecured, collateral-free borrowing option with repayment tenures from 12 months up to 108 months, interest rates based on borrower profile, and a fully online application process with minimal documentation. A personal loan calculator helps borrowers estimate EMIs and total repayment amounts by comparing loan amount, tenure, and interest rate, enabling budget planning and repayment assessment before applying.
June 22, 2026
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Supplementary budget demands expand funding for farm loan waiver, welfare schemes, utilities and infrastructure.
Supplementary demands were tabled for the Maharashtra government, covering additional spending across unavoidable expenditure, programme-related spending and centrally supported schemes, with the net burden reduced after adjustments and recoveries. The largest proposed outlay was for the farm loan waiver scheme, alongside provisions for interest-free loans, electricity sector liabilities, urban development, employment missions, irrigation, welfare pensions, scholarship support and other public programmes.
June 22, 2026
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Money laundering inquiry over alleged payments without services and related loan transactions between CMRL and Exalogic Solutions.
Money laundering inquiry concerns alleged financial transactions between Cochin Minerals and Rutile Ltd. and Exalogic Solutions Pvt Ltd, including allegations that payments were made without corresponding services and that related loan transactions generated proceeds of crime. The Enforcement Directorate questioned the Chief Finance Officer of CMRL in connection with record-keeping of the transactions and indicated that other senior company officials would also be summoned. The agency further directed Veena to appear for another round of questioning.
June 22, 2026
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Export of value-added egg powder highlights APEDA support, food safety compliance and expanding processed food trade.
APEDA facilitated the first-ever commercial export of dried whole egg powder from Balangir, Odisha, to Austria, highlighting the export potential of India's value-added poultry products and processed egg products. The APEDA-registered exporter established an egg processing facility aligned with national and international food safety and quality requirements, including EIC standards and European Union hygiene requirements, and held FSSC 22000 Version 6, HALAL and KOSHER certifications. APEDA also supported processing infrastructure, food safety systems and laboratory testing capabilities to strengthen export competitiveness.
June 22, 2026
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Economic security and financial crime prevention gain focus through multidisciplinary training, regulatory coordination, and policy engagement.
Financial and economic crime policy discussions emphasised the growing sophistication of financial frauds, money laundering, illicit financial flows and cyber-enabled financial crime, together with the need for technology-driven, collaborative and multidisciplinary responses. The interaction also highlighted the importance of strengthening institutional capability, enhancing regulatory coordination, promoting evidence-based policymaking and building resilience in the financial system to safeguard economic interests. The founding batch of the Master's in Financial and Economic Crimes programme visited the Economic Advisory Council to the Prime Minister as part of a Campus Immersion Programme and engaged with policymakers on economic security and emerging threats to India's financial ecosystem.
June 21, 2026
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Examination irregularities protest at Jantar Mantar grows as organisers press for accountability, solidarity and ministerial resignation.
A protest at Jantar Mantar continued over alleged examination irregularities and the NEET paper leak, with organisers seeking wider participation, including support from farmer unions, and pressing for accountability from the Union Education Minister. The demonstration remained under police deployment and surveillance, while participants alleged restrictions on water, food, lighting and washroom access at the site. The protest agenda centred on demands for the minister's resignation, dialogue with the Centre and compensation for families of students affected by the examination controversy.
June 21, 2026
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Organ trafficking through fake medical tourism and forged donor records triggered money-laundering investigation and account freezes.
Enforcement Directorate investigation under the Prevention of Money Laundering Act concerns an alleged organ trafficking racket in Kerala that operated through a front medical tourism company and exploited financially distressed donors. The alleged network was said to involve forgery, cheating, criminal conspiracy and illegal organ trafficking under the guise of altruistic organ donation, with forged records, transplant-related documents, searches, seizures, account freezing and examination of properties and financial trails to trace the proceeds of crime.
June 21, 2026
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Fake road construction bills trigger money laundering probe linked to forged invoices and alleged wrongful government payments.
Enforcement Directorate action under the Prevention of Money Laundering Act was taken on the basis of FIRs registered by the Economic Offences Wing concerning alleged submission of fake bills in road construction works of the Madhya Pradesh Rural Road Development Authority. Contractors were said to have conspired with project implementation unit officials and fraudulently obtained government payments by using forged and fabricated invoices purportedly issued in the names of oil companies.
June 21, 2026
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Money laundering probe over alleged CMRL payments and related loans leads to fresh notice for questioning.
Fresh notice was issued to Veena T for appearance in a money-laundering inquiry under the Prevention of Money Laundering Act concerning alleged transactions between Cochin Minerals and Rutile Ltd (CMRL) and her now-defunct IT company, Exalogic Solutions Pvt Ltd. The probe concerns allegations that CMRL made payments to Exalogic without corresponding services and that related loans were extended despite alleged default, with the Enforcement Directorate alleging that these transactions generated proceeds of crime.
June 21, 2026
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Prevention of Money Laundering Act attachment targets alleged illegal iron ore mining proceeds routed through offshore entities and assets.
Provisional attachment under the Prevention of Money Laundering Act was issued in an alleged illegal iron ore mining case involving the Salgaocar Groups and associates in Goa. The attachment covered immovable properties in India and Singapore, along with equity shares in connected entities, on the basis that the assets were linked to proceeds generated from alleged unlawful mining, sale and export of iron ore. The alleged laundering route involved layering through BVI and Singapore-based special purpose vehicles, acquisition of overseas assets, and partial routing of funds back into India as share capital.
June 21, 2026
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Crude supply diversification drives India's higher Russian and UAE oil purchases as Hormuz flows slowly normalise.
India increased crude oil purchases from Russia and the United Arab Emirates in June as refiners sought to secure supplies ahead of the fuller restoration of traffic through the Strait of Hormuz. Russian crude remained the largest source of supply, supported by competitive discounts and steady refinery demand, while India also raised purchases from Atlantic Basin and Venezuelan sources to diversify amid disruption to Gulf flows. The reopening of the Strait of Hormuz is expected to normalise energy shipments in stages, with LPG recovering first, followed by LNG and crude oil.

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Customs & Trade

PM Modi to inaugurate Bhogapuram Airport on Aug 1 in Andhra Pradesh

July 31, 2026

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Amaravati, Jul 31 (PTI) Prime Minister Narendra Modi is scheduled to inaugurate the Alluri Sitarama Raju International Airport built at nearly Rs 5,000 crore at Bhogapuram in Vizianagaram district of Andhra Pradesh on August 1.

The state government views Bhogapuram Airport not merely as an infrastructure project, but as a transformational asset for the entire North Andhra region.

As per the official schedule, PM Modi is expected to arrive at the airport from Delhi on a special aircraft at 10:45 am on August 1.

Governor S Abdul Nazeer and Chief Minister N Chandrababu Naidu will receive him.

At 10:58 am, the Prime Minister will inaugurate the airport terminal building and subsequently inspect the facility along with the Chief Minister, Governor and other dignitaries.

He will then proceed to a public meeting venue in an open-top vehicle, where more than 13,500 tribal women and students will greet him with a grand Dhimsa dance performance.

The Prime Minister will address the public meeting from 11.30 am to 12.55 pm.

The state government officials said that the government has developed the airport to international standards as part of the vision to position Visakhapatnam among globally developed cities.

The airport has been conceived as a catalyst for industrial growth, employment generation, exports, skill development and research, an official release said.

The airport is among the "fastest-completed greenfield international airports in India... nearly five months ahead of schedule," the release further said.

It has already secured the Directorate General of Civil Aviation (DGCA) aerodrome licence, along with all required safety, fire and environmental clearances.

Designed to handle six million passengers annually in the first phase, the airport also has a master plan to expand the capacity to 40 million passengers annually in the future.

The project is expected to play a pivotal role in boosting economic growth, tourism, industrial investments, exports, logistics and aerospace and defence sectors across the erstwhile Visakhapatnam, Vizianagaram and Srikakulam districts.

Developed by GMR Visakhapatnam International Airport Limited (GVIAL) under the Public-Private Partnership (PPP) model using the Design, Build, Finance, Operate and Transfer (DBFOT) framework, the integrated project spans 2,703.26 acres.

It includes the airport in 2,203.32 acres, an aviation hub (500 acres), aviation university and EduCity (136.63 acres), including comprehensive airside infrastructure, commercial development, residential zones and approach roads.

A key highlight of the airport is a 3,800-metre Code-E runway, capable of handling wide-body aircraft such as the Boeing 777, Boeing 787 Dreamliner, Airbus A330 and Airbus A340.

It is also equipped with advanced airfield lighting, navigation aids and CNS/ATM infrastructure to support both domestic and international operations.

The terminal incorporates advanced passenger processing technologies, which include contact boarding bridges, Common Use Passenger Processing System (CUPPS), self-baggage drop, self-service passenger processing, smart surveillance, access control systems, security management systems and an Integrated Operational Control and Monitoring Centre.

These facilities are aimed at enhancing passenger convenience and operational efficiency, said the press release.

"Bhogapuram Airport is expected to significantly strengthen North Andhra's export ecosystem through a 25,000 metric tonne annual capacity cargo terminal. It includes temperature-controlled cold chain facilities for transporting pharmaceuticals, marine products and other high-value perishable goods," it said.

Integration with Visakhapatnam Port, industrial corridors and logistics networks is expected to establish Bhogapuram as a major air cargo and logistics hub on India's east coast.

Around 30 per cent of the airport's water requirement will be met through recycled water, and it was developed as per LEED Platinum standards.

Architecturally, the terminal reflects the state's cultural identity, inspired by a flying fish, symbolising the Bay of Bengal and North Andhra's maritime heritage, while the terminal incorporates traditional Rangoli into its roof and ceiling designs.

The Andhra Pradesh government invested Rs 1,583 crore for infrastructure, including land acquisition (Rs 944 crore), water supply (Rs 75 crore), power supply (Rs 97 crore), funded works (Rs 134 crore), connectivity roads (Rs 301 crore), road connectivity (Rs 3.25 crore) and canal works (Rs 27 crore), said the press release.

The approach roads and supporting infrastructure connecting the airport will significantly improve air connectivity across North Andhra, coastal Andhra and neighbouring states.

The airport is expected to unlock new opportunities in tourism, hospitality, logistics, warehousing, exports, pharmaceuticals, marine products, IT, aerospace, defence and manufacturing, the release said.

Tourist destinations such as Araku, Lambasingi, Visakhapatnam, Vizianagaram and Srikakulam are expected to benefit substantially, the release said.

Modi is also expected to lay foundation stones and dedicate various projects of the Ministries of Petroleum, Surface Transport and other departments, with a cumulative worth of Rs 18,000 crore. PM is scheduled to depart for Delhi at 1:10 pm on August 1. PTI STH ADB

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