The Foreign Exchange Management (Non-Debt Instruments) (Third Amendment) Rules, 2026, notified on 12 June 2026, represent a significant development in India's foreign investment regulatory framework. While the Amendment seeks to liberalize certain investment channels by expanding the category of eligible foreign investors, it simultaneously reinforces the government's ability to scrutinize investments involving ownership, control, or beneficial ownership with certain countrie

Foreign influence has become one of the defining governance challenges of the digital age. Across democracies, governments are increasingly concerned about the ability of foreign actors to shape public discourse through funding of media organizations, think tanks, advocacy groups, research institutions and digital platforms. India is no exception. As cross-border capital flows become more sophisticated, concerns about opaque funding structures, hidden beneficial ownership and

The unfolding investigations surrounding the Reliance Anil Dhirubhai Ambani Group (ADAG) have thrown up an uncomfortable question for India's enforcement architecture: how is it that senior executives are being arrested, interrogated, and chargesheeted while the group's principal promoter, Anil Ambani, remains largely outside the immediate prosecutorial spotlight in several of these proceedings? This is not an argument about guilt or innocence. The law must ultimately determi

Political Theatre involving Congress and BJP Indian politics increasingly resembles less of an ideological battlefield and more of a sophisticated negotiation table — one where conflict is real, but so are incentives, trade-offs, and strategic accommodations. The recent dynamics involving All India Trinamool Congress, Indian National Congress, Mamata Banerjee and the Bharatiya Janata Party invite one such alternative interpretation. To be clear, this is not an assertion of fa