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    Cabinet okays new National Investment Policy to create 10 mn tons of fresh urea capacity
    India-UK trade pact 'new gold standard' of trade deals: UK High Commissioner Cameron
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    Raktsey Karpo, Halman apricots spearhead Ladakh's biggest export drive; LG pitches processing unit
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July 15, 2026
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Domestic urea investment policy supports new natural gas-based capacity through subsidy-cost separation, assured returns, and foreign-exchange risk mitigation.
National Investment Policy 2026 establishes an investment framework to add domestic natural gas-based urea production capacity and reduce import reliance. Extending the New Investment Policy 2012, it provides for separation of fixed and variable costs for subsidy calculation, assured returns for urea plant companies, and foreign-exchange risk mitigation to support investment in new domestic urea manufacturing capacity.
July 15, 2026
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India-UK free trade agreement expands zero-duty export access and reduces duties on specified United Kingdom goods.
The India-UK Comprehensive Economic and Trade Agreement entered into force with zero-duty market access for nearly all Indian exports to the United Kingdom. It is expected to support sectors including textiles, leather, gems and jewellery, engineering goods, marine products, chemicals and processed foods. A bilateral social security agreement has also become operational. The arrangement reduces Indian import duties on specified United Kingdom goods, including Scotch whisky and premium UK-built cars.
July 15, 2026
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Middle East energy export disruption risks raise oil prices and unsettle global equity markets amid renewed conflict.
Middle East energy-export disruption risks increased following renewed conflict and a threatened halt to regional oil and gas exports amid a blockade of Iranian ports. Concerns over the security of shipping through the Strait of Hormuz contributed to higher oil prices and reduced Gulf traffic flows, reflecting the potential for wider interruption of energy transportation. Global equity markets showed mixed movements as investors assessed escalating conflict, oil-supply disruption, inflation data and corporate earnings.
July 15, 2026
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Apricot export facilitation enables overseas market access through exporter-managed supply chains, cold-chain transport, and proposed local processing capacity.
Apricot export facilitation for Ladakh's indigenous Raktsey Karpo and Halman varieties is being implemented through an agreement under which exporters manage harvesting, sorting, grading, packing, transportation and marketing. Administrative measures include transport monitoring, expedited transit arrangements and cold-chain support for perishable produce. A proposed apricot processing unit is intended to improve value addition, address short shelf life and support smoother exports while reducing post-harvest losses.
July 15, 2026
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India-UK trade agreement expands market access, tariff reductions, services trade and professional mobility across identified commercial sectors.
The India-UK Comprehensive Economic and Trade Agreement entered into force as a free trade arrangement intended to expand bilateral market access and promote movement of goods and services. It provides for tariff reductions and supports trade, services and professional mobility. The agreement is expected to create opportunities for businesses, entrepreneurs, farmers, manufacturers, MSMEs and skilled workers, including in textiles, leather, gems and jewellery, engineering goods, marine products, chemicals and processed foods.
July 15, 2026
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Punitive tariffs for Russian oil purchases could make trade duties a geopolitical mechanism targeting India and other countries.
Proposed United States tariff legislation would impose punitive tariffs on India and other specified countries for purchasing oil from Russia. Certain European countries purchasing Russian gas would be exempted on the stated basis that their purchases are limited and that they are reducing dependence on Russia. If enacted, the measure would expressly authorise tariffs as a geopolitical mechanism directed at countries considered to be financing another nation's war effort.
July 15, 2026
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Strait of Hormuz transit rights remain contested as blockade measures, toll disputes, and hostilities threaten regional energy exports.
Maritime access through the Strait of Hormuz is disputed following the reimposition of a naval blockade, retaliatory threats affecting regional energy exports, and attacks on shipping routes. An interim arrangement had provided for toll-free transit during a limited negotiating period but left the later regulatory position unresolved. One side asserts a right to regulate traffic and potentially levy transit charges, while the opposing position maintains that passage should remain open without tolls. Continuing hostilities and stalled negotiations threaten navigational access and energy trade flows.
July 15, 2026
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Major banking shareholding acquisitions: draft directions propose simplified approval for subsequent investments by institutional fund categories.
Draft directions propose a simplified approval process for subsequent acquisitions of major shareholding or voting rights in banking companies by mutual funds, insurance companies and pension funds. The proposals cover commercial banks, small finance banks, payments banks and local area banks. Regulated entities, the public and other stakeholders may provide feedback through the Reserve Bank's online consultation facility or by email within the stated consultation period.
July 15, 2026
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Wholesale and producer price indices report rising June inflation, revisions to April estimates, and manufacturing input-price movements.
Provisional June 2026 and final April 2026 estimates are reported for the Wholesale Price Index, Output Producer Price Index, and trial Input Producer Price Index under the base year 2022-23. Wholesale inflation increased year-on-year, driven principally by mineral oils, food articles, basic metals, and chemicals and chemical products. April WPI and Output PPI estimates were revised upward, while the April trial Input PPI was revised downward. The release also provides group-wise monthly and cumulative index data, weighted response rates for WPI estimates, and provisional and final data classifications.
July 15, 2026
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India-UK trade agreement operationalisation expands market access, tariff reductions, skilled mobility and social security support for enterprises and professionals.
The India-United Kingdom Comprehensive Economic and Trade Agreement is intended to facilitate greater two-way movement of goods and services through tariff reductions and stronger access to the UK market for farmers, entrepreneurs, MSMEs and other sectors. Together with the Agreement on Social Security, it is described as promoting cooperation in technology, professional services and innovation, supporting mobility for skilled Indian talent, and assisting Indian professionals temporarily working in the UK.
July 15, 2026
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Zero-duty market access under the India-UK trade pact expands opportunities for domestic goods, enterprises, professionals and skilled mobility.
The India-UK Comprehensive Economic and Trade Agreement has been operationalised, enabling a range of domestic goods to enter the UK market at zero customs duty and expanding market access for Indian farmers, entrepreneurs and micro, small and medium enterprises. A social security agreement has also entered into force to support Indian professionals temporarily working in the UK, improve enterprise competitiveness, and complement cooperation in technology, professional services, innovation and skilled-worker mobility.
July 15, 2026
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Accredited photovoltaic module testing strengthens reliability validation, safety qualification, and in-house product development under internationally recognised laboratory quality standards.
NABL accreditation under ISO/IEC 17025:2017 recognises a photovoltaic module laboratory's technical competence to conduct testing through accepted procedures, calibrated equipment, qualified personnel and quality-management controls. Its scope includes module design and safety qualification, degradation testing and high-temperature operating-condition assessment. Environmental, electrical and mechanical evaluations-including thermal cycling, damp heat, humidity freeze, UV exposure, mechanical loads, leakage current, insulation and power testing-support design verification, reliability analysis, manufacturing consistency and product development.
July 15, 2026
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Export-led growth exposes weak domestic demand as high-technology manufacturing support raises trade imbalance and employment concerns.
China's growth has become increasingly reliant on strong exports of high-technology manufactured products, while domestic consumption and investment remain weak. Household spending is constrained by the property-sector downturn and uncertainty over jobs and wages. Policy support and investment in artificial intelligence, robotics and advanced manufacturing have strengthened exports but raised concerns about trade imbalances, excess production capacity and employment creation. The policy direction identified is to strengthen the domestic market and maintain employment while pursuing higher-quality growth.
July 15, 2026
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India-UK trade agreement enables tariff reductions, market access and digital trade facilitation for expanded cross-border commerce and investment.
India-UK Comprehensive Economic and Trade Agreement (CETA) entered into force, establishing tariff reductions, expanded market access and greater certainty for cross-border trade and investment. Its 30 chapters cover trade in goods and services, sanitary and phytosanitary measures, technical barriers to trade, digital trade, intellectual property and government procurement. Trade-facilitation and digital provisions are intended to improve cross-border commerce, while the framework supports bilateral business, investment and collaboration across services, manufacturing, technology and healthcare sectors.
July 15, 2026
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Equity market rebound follows softer United States inflation, supporting expectations of a less aggressive Federal Reserve policy stance.
Indian benchmark equity indices rebounded in early trading, supported by bank and selected large-cap shares after the preceding session's decline. Softer-than-expected United States consumer inflation strengthened expectations of a less aggressive Federal Reserve monetary-policy stance and supported global risk sentiment. Stronger United States equities, generally positive Asian markets, Brent crude movements and foreign institutional investor equity sales were identified as relevant market factors.
July 15, 2026
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Foreign exchange market conditions lifted the rupee early, but crude prices, investor outflows and geopolitical tensions restrained gains.
Foreign exchange market conditions supported an early appreciation of the rupee against the US dollar, while elevated crude oil prices, foreign institutional investor outflows, higher US Treasury yields and West Asia tensions limited gains. A weaker dollar and positive domestic equity-market opening provided support. Intensified US-Iran conflict and risks to regional energy exports contributed to higher crude prices and dollar demand. Higher wholesale price inflation and growth in net direct tax collection formed part of the domestic economic backdrop.
July 15, 2026
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Proposed geopolitical tariffs would target major purchasers of Russian oil, alongside broad sanctions on Russia's economic sectors.
Proposed United States legislation would authorise tariffs of up to 100 per cent on India, China, Slovakia, Hungary and Azerbaijan as major purchasers of Russian oil. It also contemplates broad blocking sanctions affecting Russia's energy, financial and defence sectors and designated persons. The tariffs would be narrowly targeted and subject to restricted waiver authority, while certain European purchasers of Russian gas would be exempted based on limited dependence and efforts to reduce reliance on Russia.
July 14, 2026
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Video-conference statement request in PNB fraud case pending decision on approver plea, with prosecution reply sought
Purvi Modi, an accused in the Punjab National Bank fraud case, has sought permission to record her statement before the special CBI court through video conference. She has applied to become an approver, and the CBI has stated that her statement should be recorded before that application is decided. The court has sought the prosecution's response. Purvi Modi and her husband have already become approvers in a related money-laundering investigation conducted by the Enforcement Directorate.
July 14, 2026
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Rupee depreciation reflects crude oil pressures, safe-haven dollar demand, widening trade deficit, and rising global economic uncertainty
The Indian rupee depreciated against the US dollar amid higher crude oil prices, renewed geopolitical concerns, increased safe-haven demand for the dollar, and rising global bond yields. Higher crude prices increased India's dollar-denominated import requirements, widened the trade deficit, and intensified foreign-exchange outflows. Merchandise exports increased year-on-year, but the trade deficit widened because of stronger imports. Wholesale price inflation also rose, while net direct tax collections increased on account of higher corporate tax receipts.
July 14, 2026
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Advanced technology in banking requires cybersecurity, internal controls, fraud prevention, and safeguards against data misuse.
Banks were encouraged to use advanced technologies, including artificial intelligence, to expand their reach, improve operational efficiency, reduce costs, and enhance customer experience. This approach must be supported by robust cybersecurity, strong internal controls, and safeguards against fraud and misuse of data. The banking sector was also urged to serve all segments of the economy prudently, strengthen customer service, and consider developments involving the Central KYC Records Registry, counterfeit currency detection, MuleHunter, central bank digital currency, the Unified Lending Interface, Account Aggregator, FX Retail, and Retail Direct.

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Corp. Laws / SEBI / IBC

Over 36,000 firms shut operations in Maharashtra in 5 yrs; Oppn claims graft, govt interference

August 12, 2026

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Mumbai, Aug 12 (PTI) Opposition leaders have sharply criticised the Maharashtra government after data disclosed in the Lok Sabha showed that over 36,000 private companies were liquidated, dissolved, or struck off in the state over the last five financial years.

They claimed excessive government interference, widespread corruption, and an increasingly unfavourable business environment as key drivers pushing commercial and industrial activity away from Maharashtra.

The information was shared in the Lok Sabha by the Ministry of Corporate Affairs on August 10, in response to a question asked by Shiv Sena (UBT) Lok Sabha member Rajabhau Waje.

Waje on Wednesday said that the closure of more than 14,000 companies in business services and nearly 6,500 in manufacturing was particularly alarming, as these sectors generate substantial employment.

“Some 14,000 companies in business services and some 6,500 companies from manufacturing sectors have closed down in the last five fiscal years. These sectors generate significantly higher employment, and such higher numbers of closures are shocking,” he told reporters.

Maharashtra Congress spokesperson Sachin Sawant told PTI that political interference and corruption under the current regime are severely harming the state’s economic trajectory. He also raised concerns over the government’s alleged failure to create a conducive climate for enterprise, stressing that the closure trends directly contradict the rhetoric around utilising India’s demographic dividend.

“The current regime in Maharashtra has lust for power and nothing else. Its increased interference in where the new businesses or industrial units would come is adversely affecting the state's growth in this sector. The widespread corruption and unfavourable environment for the business sector are now reflected in this Lok Sabha answer,” he said.

As per the data, 36,211 private companies underwent liquidation, dissolution or were struck off in Maharashtra over the past five financial years. Business services accounted for the largest share at 14,613, or about 40 per cent of the total, followed by manufacturing, mining, quarrying and others at 6,582; trading at 4,196; community, and personal and social services at 3,361.

A total of 2,356 companies from the construction sector faced the same fate, followed by storage and communications at 1,336; agriculture and allied activities at 1,178; real estate and renting at 1,149; finance at 1,012; electricity, gas and water companies at 387; and insurance at 41, the data showed.

Among the districts, Mumbai City recorded the highest number at 12,009, followed by Pune at 6,433 and Thane at 4,704. Nagpur accounted for 1,478 companies that went out of business, Nashik 840, Raigarh 822 and Aurangabad 654. Kolhapur recorded 429, Ahmednagar 308, Solapur 262, Sangli 247, Jalgaon 215, Satara 196, Bandra Suburban 172, Nanded 169, Latur 163 and Amravati 151. The ‘Others’ category accounted for 5,636 companies, it said.

Mumbai City, Pune and Thane together accounted for 23,146 companies, or nearly 64 per cent of the Maharashtra total.

Referring to Rashtriya Swayamsevak Sangh’s (RSS) chief Mohan Bhagwat’s recent remarks that young people could not all seek jobs and some would have to start businesses, Sawant said data shared by the Corporate Affairs Ministry were at odds with that message.

“Now, the Union government’s own admission shows that what Bhagwat is preaching is not being implemented by BJP leaders at all,” Sawant said. He also claimed that Maharashtra was lagging behind Karnataka in attracting foreign direct investment.

Waje also pointed to the absence of data on workers affected by the closures.

“The Union government does have figures of the number of companies that have closed down, but unfortunately, it does not have how many workers were affected due to such closures,” he said, claiming that a labourer in Nashik district died by suicide last month after being sacked from a local company.

In its written response, the Centre stated that it does not maintain information on workers affected by the closure of private company operations. Where a company enters the corporate insolvency resolution process under the Insolvency and Bankruptcy Code, claims of employees and workers are adjudicated according to orders of the adjudicating authority, it said.

In winding-up or liquidation cases, claims of workmen and employees, including pending wages and other admissible statutory dues, are handled by the liquidator in accordance with applicable provisions, subject to availability of funds and the statutory order of priority, it said.

The government also said no central information was maintained on any special rehabilitation package for workers affected by company closures or on proposed tax incentives and location-based benefits to attract genuine industries to rural and backward districts of Maharashtra.

Responding to a question by BJP MLA Sudhir Mungantiwar in the Maharashtra assembly on whether over 12,000 small industrial units had closed in four years because of a slowdown and various other reasons, Industry Minister Uday Samant had said the claim was “partially true”. PTI ND SKL NR

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