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    India, US working towards interim trade agreement: MEA
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August 4, 2026
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Interim bilateral trade agreement negotiations continue as both sides work to finalise unresolved issues in the proposed arrangement.
Interim bilateral trade agreement negotiations between India and the United States are continuing. Both sides have undertaken substantial work, while certain issues remain to be finalised before completion of the proposed interim trade arrangement. A United States Trade Representative delegation visited India to advance discussions. The text records the status of negotiations and identifies no concluded agreement or operative customs measure.
August 4, 2026
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Fuel-price volatility mitigation will combine fiscal measures, consumer protection, energy security and fiscal sustainability during external energy shocks.
Fuel-price volatility is to be mitigated through fiscal and administrative measures that protect consumers while maintaining fiscal sustainability. The approach includes monitoring revenue and expenditure, reprioritising spending, and using fiscal measures when economic conditions require. Reduced central excise duty on petrol and diesel moderated the impact of elevated international crude prices and partly offset under-recoveries of public-sector oil marketing companies. Longer-term measures include revenue mobilisation, import diversification, Strategic Petroleum Reserves, cleaner fuels and energy efficiency.
August 4, 2026
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Tax policy certainty reforms propose easier fund management, data-centre access, electronics incentives and revised electronic-payment charging rules.
The proposed Bill seeks to simplify conditions for foreign investment funds using fund managers in India without being treated as carrying on business in India, while retaining safeguards against misuse and round-tripping. It proposes removal of approval requirements for foreign cloud companies using Indian data centres and permits leased operation of Indian data centres. It also extends tax support for foreign companies participating in electronics contract manufacturing and component warehousing, preserves tax-free dividends for REIT and InvIT investors in specified circumstances, and removes the prohibition on Merchant Discount Rate charges for notified electronic payment modes.
August 4, 2026
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Responsible precious-metals recycling supports recycled-gold products, organised buyback channels and a more self-reliant domestic supply chain.
Responsible precious-metals recycling is promoted through a commemorative recycled-gold coin intended to support domestic recycling, responsible sourcing and a self-reliant supply chain. The product is described as having certified purity authentication, tamper-proof packaging, a unique identification number and an assayer-certified minted card. The initiative seeks to reduce dependence on imported gold and expand organised, transparent recycling infrastructure. An organised silver buyback programme is also described as supporting secure consumer sales and a circular economy for precious metals.
August 4, 2026
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Broad-based growth strategy links tax reforms, trade resilience, industrial support and services development to medium-term economic expansion.
The growth strategy combines agricultural productivity, manufacturing, MSME support, infrastructure, logistics, ease of doing business, streamlined income-tax and GST reforms, innovation, digitalisation, human-capital development, energy security, public capital expenditure, foreign direct investment liberalisation, export promotion, fiscal prudence and price stability. Trade resilience is to be strengthened through expanded trade agreements, while manufacturing, services, agriculture and strategic sectors receive targeted policy support. The material also reports secured-asset enforcement cases and recoveries by banks under the SARFAESI framework during FY25.
August 4, 2026
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Co-operative bank governance and financial disclosure support digital transformation, risk management, priority-sector lending and sustainable member-focused growth.
Co-operative bank governance and financial disclosure were addressed at the annual general meeting, where the member-notice agenda was transacted and audited financial statements were presented. The bank reported growth in business, deposits and advances, together with net profit, asset quality, provisioning coverage and capital adequacy indicators. Its operational priorities include digital transformation, risk management, selective network expansion, customer service and operational discipline. Future priorities include retail and priority-sector lending, MSMEs, affordable housing and institutional deposits.
August 4, 2026
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Foreign-exchange market conditions weakened the rupee as oil prices, domestic equities and dollar strength shaped near-term currency expectations.
The rupee weakened against the US dollar amid elevated crude oil prices, weaker domestic equities and a stronger dollar index, while foreign fund inflows moderated the decline. Attention shifted to the central bank's monetary policy meeting, with continuation of the existing benchmark policy rate anticipated. Earlier measures encouraging overseas dollar deposits and facilitating foreign participation in government bonds were reported to support capital inflows and India's external position.
August 4, 2026
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MSME credit expansion combines SIDBI lending initiatives with guaranteed additional working-capital facilities for eligible borrowers.
MSME credit access is being expanded through SIDBI's branch network, direct lending, refinance support, co-lending arrangements, affordable credit for informal micro-entrepreneurs, and invoice-based digital credit for micro enterprises. Emergency Credit Line Guarantee Scheme 5.0 enables eligible MSMEs to obtain additional credit linked to peak fund-based working-capital outstanding, with full guarantee coverage for member lending institutions against defaults on the additional facility. The scheme also covers scheduled passenger airlines under distinct eligibility and guarantee parameters.
August 4, 2026
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Furniture and interiors sourcing platform connects Indian manufacturers with domestic and international trade buyers through direct procurement opportunities.
imm india 2026 is presented as a business-to-business sourcing platform linking Indian furniture, home de cor, rug, carpet, mattress and handicraft manufacturers with domestic and international trade buyers. It is intended to provide direct manufacturer access, design-led sourcing and project-scale procurement opportunities for architects, designers, retailers, hospitality professionals and real estate developers. The programme includes a hosted buyer initiative, industry conferences, knowledge sessions and awards addressing innovation, sustainability, craftsmanship and design.
August 4, 2026
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Financial literacy Olympiad builds students' practical understanding of mutual funds, financial planning, market concepts and responsible investment participation.
Financial literacy and investment awareness are promoted through a nationwide, multi-level educational competition for undergraduate and postgraduate students. Participants are assessed on mutual funds, investment fundamentals, financial planning, market concepts and long-term wealth creation, with exposure to market-linked products including ETFs, portfolio management services, alternative investment funds and specialised investment funds. The initiative combines academic institutions and financial-sector participants to improve practical investment knowledge, informed decision-making and responsible participation in investment markets.
August 4, 2026
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WTO dispute settlement challenges test India's safeguards, agricultural support, technology tariffs and production-linked incentives across pending proceedings.
Nine pending WTO disputes against India concern safeguard measures, sugar support and export schemes, information and communications technology tariffs, and technology-sector incentives. India contests the claims as consistent with its WTO rights and obligations. Appeals concerning iron and steel safeguards, sugar measures, and certain information and communications technology tariff reports remain pending, including because the WTO Appellate Body is non-functional. Other proceedings concern Chinese challenges to production-linked incentives, tariffs, and solar, automotive, renewable-energy and information-technology measures; one panel proceeding is ongoing and another panel has not been constituted.
August 4, 2026
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Digital business law and entrepreneurship education combine management, compliance and innovation training for technology-driven enterprise careers and ventures.
The MBA programme integrates management education, entrepreneurial capability, digital business law, and legal and policy awareness for technology-driven enterprise. It addresses compliance, digital platforms, data-driven decision-making, artificial intelligence, digital transactions, intellectual property, cross-border commerce and evolving regulatory frameworks. The programme is designed for prospective founders, start-up professionals, transforming family businesses and careers in consulting, strategy, business development, policy-oriented enterprises and digital commerce, with industry-relevant entrepreneurship education and digital-first learning.
August 4, 2026
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Savings account access expands through video KYC, mobile banking, no-minimum-balance options, monthly interest payments and deposit insurance coverage.
Savings accounts provide monthly interest payments, liquidity and access to funds, subject to eligibility, internal policies and applicable terms. Digital account opening through Video KYC is available for an account with no minimum balance requirement, supported by mobile banking for UPI transfers, bill payments and balance monitoring. Account variants include premium, value-oriented, agricultural, financial-inclusion, children's and basic no-frills accounts. Deposit insurance applies up to the prescribed limit per depositor per bank.
August 4, 2026
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Foreign-exchange market conditions supported a modest early rupee gain, while importer demand and policy data remained key factors.
Foreign-exchange market conditions supported a marginal early appreciation of the rupee against the US dollar, led by broad US-dollar weakness, improved risk sentiment, lower oil-price levels and foreign portfolio inflows. Importer demand for dollars moderated the movement. Market direction remained linked to the forthcoming monetary-policy decision and US economic data, while reported central-bank activity was described as helping smooth currency volatility. The US dollar index, crude-oil movements, global supply expectations and domestic equity-market activity were relevant exchange-rate influences.
August 4, 2026
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Quality statistics drive statistical-system reform through administrative data, interoperable systems, stronger governance, and international cooperation for evidence-based policymaking.
Quality statistics are advanced through modernised national statistical systems, administrative data, digital public infrastructure, and stronger data-governance and privacy standards. Cooperation among national statistical offices is intended to address data gaps through knowledge sharing, methodological harmonisation and statistical innovation. Discussions also emphasised digital dissemination, transformational statistical reforms, and the use of administrative data for timely, cost-effective and granular official statistics, supported by harmonised metadata, interoperable systems and institutional collaboration.
August 4, 2026
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Digital statistical modernisation strengthens survey quality, macroeconomic indicators, international standards alignment and infrastructure performance monitoring through standardised data systems.
National statistical modernisation uses digital survey platforms with validation checks, AI-enabled support and multilingual interfaces, alongside short-duration surveys and administrative data to improve sampling and timely official statistics. Reforms include base revisions for Gross Domestic Product, Consumer Price Index and Index of Industrial Production; adoption of metadata, quality-assessment and classification standards; and alignment with international statistical principles and methodologies. Sustainable development indicators and infrastructure monitoring are supported through a national indicator framework, PAIMANA and a standardised performance dashboard.
August 3, 2026
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Windfall gains tax on petroleum exports increases to discourage exports and preserve domestic fuel availability during regional supply disruptions.
Special additional excise duty on exports of petrol, diesel and aviation turbine fuel has been increased for the relevant fortnightly period, while existing duty rates for petrol and diesel cleared for domestic consumption remain unchanged. The windfall gains tax is intended to preserve domestic availability of petroleum products during the West Asia crisis and prevent exporters from benefiting unduly from price differences linked to elevated global crude oil prices.
August 3, 2026
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Online Astrology Platform Regulation: consumer department reported no guidelines, while information requests required revised factual disclosures.
Online astrology platforms were reported as lacking specific regulatory guidelines within the consumer affairs department. The RTI application sought information on alleged unfair trade practices, investigations, complaints, licences, approvals, and applicable rules. The National Consumer Helpline stated that it had not investigated because it functions as a grievance-resolution platform. A revised factual response was required on investigations and complaint data, while queries concerning regulation, licences, approvals, and related investigations were to be transferred to the public authorities likely to hold that information.
August 3, 2026
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Business combination disclosure outlines shareholder approval, registration requirements, financing conditions, and forward-looking risks for the proposed public listing.
The proposed business combination would take Yellow.ai public through a definitive agreement with Bluerock Acquisition Corp., subject to customary closing conditions and shareholder approval. Bluerock intends to file a Form S-4 registration statement containing a proxy statement/prospectus for proxy solicitation and securities issuance in connection with the transaction. The communication is not an offer or solicitation and states that no securities offering may occur without compliance with applicable registration, qualification or exemption requirements. Transaction projections and anticipated benefits are forward-looking statements subject to material risks and uncertainties.
August 3, 2026
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Bilateral investment and trade facilitation drive proposed co-investment, digital cooperation and advanced manufacturing partnerships between Indian and Uzbek businesses.
India-Uzbekistan cooperation is proposed through co-investment, co-manufacturing and co-innovation, supported by the Bilateral Investment Treaty to promote investor confidence and reciprocal investment. Priority sectors include mining, textiles, healthcare, agriculture, food processing, digital technologies and advanced manufacturing. Trade facilitation measures include reducing trade barriers, mutual recognition of standards, approvals, testing and certification, customs digitalisation and improved trade routes. Regulators and standard-setting bodies are expected to cooperate under a structured, time-bound economic partnership.

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Corp. Laws, SEBI & IBC

MCA convenes ‘Tech for Professionals’ Workshop on Building India’s Digital Infrastructure for Professional Services

August 29, 2026

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Pallavi Jain Govil, Chief guest and Secretary, MCA emphasises strengthening India's domestic professional services ecosystem in the context of our development ambitions and increasing role of tech

Gyaneshwar Kumar Singh, DG & CEO, IICA highlights continuing work undertaken by MCA and IICA to strengthen domestic professional services ecosystem through technology

Rahul Jain, JS, MCA, says tech, shared digital resources, institutional mechanisms may enable professional services firms of different sizes to strengthen their capabilities

The Ministry of Corporate Affairs (MCA), with the support of the Indian Institute of Corporate Affairs (IICA), organised one-day “Tech for Professionals” Workshop – Building India’s Digital Infrastructure for Professional Services at the Dr. B.R. Ambedkar International Centre, New Delhi, on 27 August 2026.

Graced by the Secretary, Ministry Corporate Affairs, Dr. Pallavi Jain Govil as chief guest, the Workshop brought together policymakers, regulators, technology companies, professional services firms, Professional Institutes, Digital Public Infrastructure experts and academics to deliberate on how shared digital infrastructure can strengthen technology adoption, capability and competitiveness across India's professional services ecosystem.

The inaugural session commenced with a Welcome Address by Shri Gyaneshwar Kumar Singh, Director General & CEO, IICA, who outlined the background to the initiative and the continuing work being undertaken by MCA and IICA towards strengthening the domestic professional services ecosystem through technology enablement.

Delivering the Theme Address, Shri Rahul Jain, Joint Secretary, Ministry of Corporate Affairs, set the context for the Workshop and highlighted the need to examine how technology, shared digital resources and appropriate institutional mechanisms could enable professional services firms of different sizes to progressively strengthen their capabilities.

Dr. Pallavi Jain Govil, Secretary, Ministry of Corporate Affairs, delivering the Chief Guest address, emphasised the importance of strengthening India's domestic professional services ecosystem in the context of the country's broader development ambitions and the increasing role of technology in the delivery of audit, compliance, consulting and other professional services. She also appreciated the power of advocacy on shared digital public good infrastructure ideation foreeeeee traction for its beneficiaries.

The Workshop builds upon a series of consultations undertaken by MCA and IICA on strengthening India's domestic auditing and consulting ecosystem. As part of this process, MCA constituted a Sub-Committee on Digital Public Good in April 2026 to examine mechanisms for promoting technology adoption across Indian professional services.

The Sub-Committee submitted its report in May 2026, recommending a government-backed shared digital ecosystem aimed at addressing uneven access to advanced technology, professional knowledge and structured capability development.

The emerging DPG framework envisages three broad layers — curated technology access; learning and capability development; and knowledge and practice infrastructure. The proposition is intended to provide professional services firms, particularly small and medium practices, greater access to appropriate technology solutions, structured learning and professional knowledge resources without displacing existing institutional or market-based systems.

The first technical session, “DPG & Technology Infrastructure for Audit, Compliance & Consulting”, examined the purpose and possible contours of shared digital infrastructure for professional services, the gaps such infrastructure could address, and lessons from India's wider experience with Digital Public Infrastructure and comparable international initiatives.

The session was moderated by Shri Richard Rekhy, Vice Chairman, Grant Thornton Bharat. The panellists were Prof. R. Srinivasan, Professor & Chairperson, Centre for Digital Public Goods, IIM Bangalore; Shri T. Koshy, former MD & CEO, Open Network for Digital Commerce (ONDC); Shri Sai Venkateshwaran, former Board Member, KPMG in India; and Shri Vikas Kumar, Senior Partner & CEO, T R Chadha & Co LLP.

The second session, “Role of Technology Firms in DPG Initiative”, considered how technology companies could contribute to the design, development and deployment of shared digital infrastructure for the profession. Discussions covered cloud infrastructure, artificial intelligence, data analytics, cybersecurity, enterprise technology and possible models through which technology providers could participate in the initiative.

The session was moderated by Dr. Pankaj Dikshit, former CTO, Government e-Marketplace (GeM) and former CTO, GSTN. The panellists were Shri Rajesh Ranjan, India Lead, Core Government Affairs & Public Policy, Google; Ms. Sonali Kulkarni, Partner, Dailoqa; Shri Sunil Gupta, Co-Founder, MD & CEO, Yotta Data Services; and Shri Sandeep Welling, Managing Partner, Kirtane & Pandit.

The third technical session, “How India's SupTech Systems Can Adopt DPI/DPGs”, extended the discussion beyond professional firms to the digital systems through which businesses interact with regulators. The session examined whether elements of India's supervisory technology landscape could benefit from greater interoperability, common standards and reusable digital building blocks based on DPI and DPG principles.

The session was moderated by Dr. Nisheeth Srivastava, Professor, IIT Kanpur. The panellists were Ms. Savithri Parekh, Company Secretary & Compliance Officer, Reliance Industries; Shri Joseph Joshy C J, CGM & CTO, IFSCA; Shri Gaurav Marwaha, Chief Product Engineering Officer, ReBIT; and Shri Puneet Narang, MD & Country Head, DWS India.

The fourth session, “Tech Implementation Insights”, focused on the practical deployment of technology across professional services firms at different levels of digital readiness. The discussion considered technology solutions already available in the market, models for affordable access, implementation and change- management requirements, and the sequencing of technology adoption for small and medium practices.

The session was moderated by Dr. Pankaj Setia, Chair, Centre for Digital Transformation, IIM Ahmedabad. The panellists were Shri Eric Anklesaria, Senior Advisor, PSB Alliance; Shri V. Easwaran, Whole-Time Director & COO, Protean eGov Technologies; Shri Viswanathan Ravichandran, Partner, Deloitte South Asia; and Shri Sarthak Jain, Founder, Fast-India.

Concluding Thoughts on way forward of the initiative

The deliberations reflected broad recognition of the importance of improving access to technology and professional knowledge, strengthening digital capability among smaller firms, ensuring interoperability and security, and developing the initiative in a manner that remains responsive to firms at different stages of technological readiness. Participants also highlighted the importance of building on existing systems and capabilities rather than duplicating them, while retaining openness, competition and choice in the technology ecosystem.

The Workshop marked a further stage in MCA's ongoing consultations towards developing an enabling digital ecosystem for professional services and strengthening the ability of domestic firms to participate effectively in an increasingly technology-intensive professional environment.

At IICA, the initiative is being anchored by the School of Corporate Governance & Public Policy (SoCGPP), under the leadership of Dr. Niraj Gupta, Head, SoCGPP. The proceedings of the Workshop were anchored by Shri Mathew John, Chief Program Executive, Centre for Board Excellence & Leadership (C-BEL), IICA.

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