Economy News ( English version)

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  • Draft National Electricity Data Sharing Framework unveiled June 29, 2026
    The framework will apply to all electricity sector data created and maintained by power generating companies, transmission licensees, distribution licensees, load despatch centres, regulatory commissions, government agencies including Central Electricity Authority, Grid India and power exchanges, among others.
  • NPCI turns to AI to stop frauds from siphoning off money June 29, 2026
    India's banking sector is set to gain a powerful new weapon against digital fraud. The National Payments Corporation of India (NPCI) has initiated a pilot for an AI model that can detect and track stolen money in real-time as it moves across bank accounts. This innovative technology aims to intercept fraudulent transactions before funds vanish, signific […]
  • 'Creditors can't seek claims beyond okayed resolution plan' June 29, 2026
    Creditors seeking duplicate recoveries from group companies after a resolution plan is finalized will be disappointed, the NCLT ruled. JM Financial ARC's bid to recover more from KSK Mahanadi Power via guarantees was dismissed, as the tribunal found their admitted dues were already fully satisfied. This landmark judgment clarifies that approved resoluti […]
  • DGFT extends enhanced export insurance cover for West Asia shipments till September 30 June 29, 2026
    Indian exporters shipping to West Asia will benefit from extended enhanced insurance cover against payment defaults until September 30, 2026. This move, part of the RELIEF scheme, aims to bolster trade amidst the ongoing West Asia crisis and mitigate logistics challenges. The enhanced risk cover, initially set to expire sooner, now provides continued support […]
  • India-Israel, GCC FTA talks temporarily stalled due to West Asia crisis: Piyush Goyal June 29, 2026
    India's free trade talks with Israel and the GCC are temporarily paused, while discussions with Canada are progressing rapidly. Commerce Minister Piyush Goyal highlighted these developments alongside ongoing negotiations with Chile, Mexico, SACU, and the Eurasia bloc. He also emphasized boosting India-Greece trade, targeting a doubling by 2030 through c […]

 

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