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2026 IBC Amendment Strips Land Authorities of Secured Creditor Status

2026 IBC Amendment Strips Land Authorities of Secured Creditor Status

2026 IBC Amendment Strips Land Authorities of Secured Creditor Status
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Make in India Initiative Reduces Import Dependence in Key Sectors Amid Global Supply Chain Pressures

Make in India Initiative Reduces Import Dependence in Key Sectors Amid Global Supply Chain Pressures

India's 'Make in India' initiative is showing positive results as the country's import dependence in key sectors such as electricals, chemicals, capital goods, and consumer durables has decreased. This development comes despite ongoing global supply chain disruptions, particularly due to the West Asia crisis. According to a Bank of Baroda research report, the import-to-net-sales ratio in these sectors has seen a significant decline, indicating a shift towards greater self-reliance. For instance, the electricals sector's import-to-net-sales ratio fell from 22.7% in FY19 to 13.7% in FY25. The report attributes this trend to policy measures aimed at strengthening domestic manufacturing ecosystems, such as the Make in India initiative and the India Semiconductor Mission 2.0.
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Kerala High Court Upholds ED Probe Against CMRL in Money Laundering Case

Kerala High Court Upholds ED Probe Against CMRL in Money Laundering Case

The Kerala High Court has dismissed an appeal by Cochin Minerals and Rutile Ltd (CMRL) against a single-judge verdict that allows the Enforcement Directorate (ED) to continue its money laundering investigation into the company's financial dealings with Veena T, daughter of former Kerala Chief Minister Pinarayi Vijayan. The Division Bench, comprising Justice Raja Vijayaraghavan and Justice K V Jayakumar, upheld the earlier decision, stating that there was no reason to interfere with the judgment. The court also rejected CMRL's request for a two-week protection period to appeal to the Supreme Court. The bench clarified that the non-registration of an FIR or complaint does not prevent the ED from initiating civil action under the Prevention of Money Laundering Act (PMLA).
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Adani Solar Ranks Among Top Global PV Module Manufacturers

Adani Solar Ranks Among Top Global PV Module Manufacturers

Adani Solar Ranks Among Top Global PV Module Manufacturers
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Anupam Mishra Appointed as CMD of Hindustan Copper Limited, Succeeding Sanjiv Kumar Singh

Anupam Mishra Appointed as CMD of Hindustan Copper Limited, Succeeding Sanjiv Kumar Singh

Anupam Mishra Appointed as CMD of Hindustan Copper Limited, Succeeding Sanjiv Kumar Singh
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India's 'Make in India' Initiative Reduces Import Dependence Amid Global Supply Chain Pressures

India's 'Make in India' Initiative Reduces Import Dependence Amid Global Supply Chain Pressures

India's 'Make in India' initiative is showing positive results as the country's import dependence in key sectors such as electricals, chemicals, capital goods, and consumer durables has decreased. This development comes despite ongoing global supply chain disruptions, particularly due to the West Asia crisis. A report by the Bank of Baroda highlights that while the overall import intensity of Indian companies has remained stable, specific sectors have seen a significant reduction in their import-to-net-sales ratios. For instance, the electricals sector's ratio dropped from 22.7% in FY19 to 13.7% in FY25. Similarly, the chemicals sector saw a decline from 27.5% to 22.5% over the same period. The report attributes these improvements to policy measures aimed at bolstering domestic manufacturing capabilities, such as the India Semiconductor Mission 2.0 and the development of Chemical Parks.
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India Eliminates Tax on Overseas Bond Investors to Boost Foreign Capital Inflows

India Eliminates Tax on Overseas Bond Investors to Boost Foreign Capital Inflows

India has announced a significant policy change aimed at attracting foreign portfolio investments by exempting foreign investors and the Bank for International Settlements from income tax on interest or capital gains. This exemption will be effective from April 1, 2026. The move comes as India faces record-high foreign capital outflows, with foreign investors previously subjected to a 12.5% long-term capital gains tax on listed shares and bonds held for over 12 months, and a 20% withholding tax on interest from government bonds. Additionally, the Reserve Bank of India has expanded the range of government securities available for non-resident investors and removed limits on short-term investments and individual securities for foreign portfolio investors. These measures are part of a broader strategy to improve India's balance of payments and stabilize the rupee, which has been under pressure due to significant foreign investor sell-offs and rising global oil prices.
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India's Gold ETFs Experience First Monthly Outflow in a Year Amid Profit Booking

India's Gold ETFs Experience First Monthly Outflow in a Year Amid Profit Booking

India's physically backed gold exchange-traded funds (ETFs) recorded their first net monthly outflow in a year during May, as investors took profits following a significant rise in gold prices. This increase in prices was triggered by a hike in import duties on gold and silver, which were raised to 15% from 6% on May 13. The outflow amounted to $61 million, equivalent to 0.4 metric tons, reducing total holdings to 116.3 tons, according to data from the World Gold Council. Despite this outflow, gold ETFs have seen net inflows of $3.48 billion so far this year. The rise in domestic gold prices to 164,497 rupees ($1,717) per 10 grams marked the highest level in over two months.
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Indian Prime Minister Modi Engages in Talks with Venezuela's Acting President to Boost Oil Imports

Indian Prime Minister Modi Engages in Talks with Venezuela's Acting President to Boost Oil Imports

Indian Prime Minister Narendra Modi met with Venezuela's acting President Delcy Rodriguez in New Delhi to discuss enhancing energy cooperation between the two nations. The meeting comes as India seeks to diversify its energy sources amidst global supply disruptions. Venezuela has recently become India's third-largest supplier of crude oil. The discussions also explored potential investments by Indian companies in Venezuela's mining, pharmaceuticals, and automobile sectors. This meeting is part of India's broader strategy to secure energy resources, as the country imports about 90% of its oil, with a significant portion passing through the Strait of Hormuz, a region currently affected by geopolitical tensions.
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President Trump Proposes New Tariffs on 60 Trade Partners Over Forced Labor Concerns

President Trump Proposes New Tariffs on 60 Trade Partners Over Forced Labor Concerns

President Trump Proposes New Tariffs on 60 Trade Partners Over Forced Labor Concerns
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Kotak Mahindra Bank's Energy Saving Mission Achieves Major Milestone with Over 500 Audits

Kotak Mahindra Bank's Energy Saving Mission Achieves Major Milestone with Over 500 Audits

Kotak Mahindra Bank's Energy Saving Mission Achieves Major Milestone with Over 500 Audits
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India Eliminates Tax on Overseas Bond Investors to Boost Foreign Capital

India Eliminates Tax on Overseas Bond Investors to Boost Foreign Capital

India has announced the removal of income tax on interest and capital gains for foreign investors and the Bank for International Settlements, effective April 1, 2026. This move is part of a broader strategy to attract foreign portfolio investments amid record capital outflows. The Reserve Bank of India has also expanded the range of government securities available to non-resident investors and lifted certain investment limits. These measures aim to improve India's balance of payments and stabilize the rupee, which has been under pressure due to significant foreign investor sell-offs and rising global oil prices.