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    US slaps 10 per cent tariff on goods imported from India over forced labour concerns
    NICDC Organises Cross-Learning Site Visit to AURIC Smart City to Strengthen Industrial Corridor Development
    India Concludes Eighth Trade Policy Review at WTO in Geneva
    US' temporary 10 pc tariff set to expire on Friday unless extended or new duties announced
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    CRIF India Launches Chennai Chapter of 'Credit Goes to HER' to Strengthen Women's Leadership in the Credit Ecosystem
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    July 24, 2026
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    Forced-labour import prohibitions shape tariff treatment as India's policy amendment secures a lower rate for imported goods.
    Forced-labour import prohibitions are linked to tariff treatment under Section 301 of the Trade Act of 1974. Goods imported from India receive a lower tariff rate after India amended its foreign trade policy to prohibit imports of goods produced using forced labour. The framework excludes certain raw materials, goods causing economy-wide disruption, and products unavailable in sufficient domestic quantities. India has contested the underlying investigations and proposes that the issues be addressed through a bilateral trade agreement.
    July 24, 2026
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    Integrated industrial city development promotes cross-learning on digital governance, investor facilitation, infrastructure planning and plug-and-play industrial parks.
    Industrial corridor development is being supported through cross-learning on AURIC Smart City's integrated planning, infrastructure and governance practices. The programme addresses master planning, utility systems, digital monitoring, land utilisation, investor facilitation, project implementation and coordination among implementing agencies. It also considers application of these practices to the Bharat Audyogik Vikas Yojana for plug-and-play industrial parks, with emphasis on integrated utilities, digital land management, investor-friendly approvals, sustainable infrastructure and multimodal connectivity.
    July 24, 2026
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    WTO trade policy review highlights India's commitment to transparent trade rules, development policy space and multilateral engagement.
    India reaffirmed an open, transparent, predictable and WTO-consistent trade and investment regime through tariff reform, customs simplification and free trade agreement initiatives. Its trade policy was presented as balancing developmental needs with WTO principles: agricultural tariffs protect vulnerable farmers, while industrial tariffs support supply-chain resilience and domestic manufacturing. India also committed to transparent, consultative and rules-compliant sanitary measures, technical regulations and trade remedies, with investigations based on objective evidence, due process and judicial oversight, including continued application of the Lesser Duty Rule in anti-dumping matters.
    July 23, 2026
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    Temporary Section 122 surcharge expiry may restore MFN treatment for Indian exports, while Section 301 tariff uncertainty continues.
    The US temporary Section 122 import surcharge on Indian goods is scheduled to expire unless extended or replaced, restoring affected imports to normal US MFN tariff treatment. Liability depends on entry for consumption or warehouse withdrawal. Section 232 national-security tariffs remain unchanged. Indian exports may still face fresh measures under Section 301 investigations into forced labour and excess manufacturing capacity, alongside potential country-specific or sectoral tariffs. The expiry may improve export competitiveness and market access, particularly for labour-intensive and MSME-driven sectors.
    July 23, 2026
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    Quantum finance innovation will advance secure digital banking through cybersecurity, fraud detection, collaborative research, workforce development and digital literacy.
    A Quantum Finance Innovation Hub is proposed to apply quantum technologies to banking through stronger cybersecurity, proactive financial-fraud detection and secure digital financial ecosystems. The initiative will bring together industry, academia, startups, research organisations and government agencies to promote innovation in quantum computing, artificial intelligence and related technologies. It also focuses on workforce development, digital literacy, public confidence in digital financial services, and technology-enabled responses to cybercrime and digital-arrest scams.
    July 23, 2026
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    Chief executive succession plan appoints a CEO designate, subject to shareholder approval, for an AI-led corporate leadership transition.
    Corporate leadership succession at Infosys is proposed through the appointment of Ashiss Kumar Dash as Managing Director and Chief Executive Officer designate from 1 April 2027. The five-year appointment is subject to shareholder approval and follows a recommendation of the Board's Nomination and Remuneration Committee. The incumbent will remain in office until the transition date and support an orderly transfer of responsibilities. The succession plan identifies the CEO designate's business, technology-delivery, client and global operations experience as relevant to AI-led transformation.
    July 23, 2026
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    Bullion market pressure intensified as rising oil prices, inflation concerns and restrictive monetary policy expectations weakened gold and silver sentiment.
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    July 23, 2026
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    Quantum finance innovation will develop secure, AI-enabled banking solutions through collaborative research, startup incubation, cybersecurity enhancement and workforce development.
    Quantum finance innovation is to be advanced through a memorandum of understanding for establishing the PNB Quantum Finance Hub at Amaravati Quantum Valley. The hub will develop, test and support adoption of secure, intelligent and future-ready banking solutions using Quantum Computing and Artificial Intelligence. It will bring together industry, academia, startups and government agencies for research, innovation, incubation and acceleration of financial technologies, focusing on cybersecurity, fraud detection, operational efficiency, risk management and customer experience.
    July 23, 2026
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    Foreign investment in inventory-based e-commerce is allowed only for exports of Indian-made goods, while domestic retail remains prohibited.
    Foreign direct investment in inventory-based e-commerce is permitted exclusively for exports of goods or products manufactured or produced in India. Restrictions on business-to-consumer and inventory-based e-commerce do not apply to these exports, subject to the Foreign Trade Policy 2023 and export regulations. Foreign direct investment in inventory-based e-commerce retailing for domestic sales remains prohibited, with the revised position taking effect upon the relevant foreign exchange notification.
    July 23, 2026
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    Joint Home Loan Eligibility and Shared Repayment Liability Shape Borrowing Capacity, Tax Claims, Documentation, and Exit Planning.
    Joint home loans allow eligible applicants to combine income for a single housing loan, while making every co-applicant fully responsible for repayment. Eligibility depends on each applicant's income, financial obligations, credit history, age, repayment capacity and property criteria. Applicants should agree on EMI sharing, ownership proportions and exit arrangements before applying, as removal of a co-applicant requires lender approval and reassessment. Co-owner borrowers may claim applicable interest and principal repayment deductions subject to ownership, contribution and income-tax requirements. Each applicant must provide separate identity, income and banking documentation.
    July 23, 2026
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    Export competitiveness increasingly depends on regulatory compliance, preferential trade access and diversification into smartphones, medicines, petroleum products and semiconductors.
    India's export potential to 2031 is centred on smartphones, polished diamonds, petroleum products and medicines, with the United States, Hong Kong, Japan, China, Singapore and the United Arab Emirates as important markets. New product opportunities include iron ore concentrates, gasoline vehicles and light petroleum oils. Although selected destinations offer duty-free or preferential access, market entry in mature markets increasingly depends on compliance with non-tariff measures, including registration, quality certification, safety documentation and product standards. Semiconductor-related manufacturing is identified as a long-term opportunity supported by expanding electronics capacity, supply-chain diversification and domestic incentives.
    July 23, 2026
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    Foreign investment in inventory-based e-commerce is permitted exclusively for exports of Indian-manufactured or produced goods under export compliance rules.
    Foreign direct investment in inventory-based e-commerce is permitted exclusively for exports of goods or products manufactured or produced in India. Foreign direct investment remains permitted in business-to-business e-commerce and the marketplace model, while business-to-consumer and inventory-based direct sales to consumers remain prohibited except for the specified export activity. Export-oriented inventory-based operations must comply with the applicable Foreign Trade Policy and foreign exchange regulations governing exports.
    July 23, 2026
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    Women's leadership in credit expands through a Chennai community platform supporting mentorship, inclusive lending practices, and financial ecosystem collaboration.
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    Digital personal-loan campaign combines online collateral-free borrowing, eligibility-based assessment, flexible repayment options and conditional lifestyle rewards for successful disbursals.
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    July 23, 2026
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    Foreign-exchange market pressure weakened the rupee as elevated crude prices and risk sentiment drove trading conditions.
    Foreign-exchange market movement saw the rupee depreciate against the US dollar amid elevated crude oil prices linked to heightened West Asia hostilities. Weak domestic equity markets and foreign investor equity outflows contributed to negative sentiment. Market commentary indicated that prospective Reserve Bank of India intervention supported the rupee and could limit sharper depreciation, while shipping-security concerns contributed to elevated oil prices.
    July 23, 2026
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    Homebuyer refund claims in developer insolvency proceed through pro-rata distribution of funds deposited for eligible buyers.
    Homebuyer refund claims connected with demolished residential towers are being considered within the developer's insolvency proceedings. Buyers who have not opted for alternative allotment seek repayment. Eligible refunds are contemplated on a pro-rata basis from funds deposited by the Interim Resolution Professional, subject to the claims process and the availability of deposited funds.
    July 23, 2026
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    Free trade agreement tariff reductions create investment opportunities for Asia-Pacific manufacturers seeking UK and European market access.
    The UK-India Free Trade Agreement is presented as reducing tariffs on advanced machinery and manufacturing-related goods and creating trade and investment opportunities for Asia-Pacific manufacturers seeking UK and European market access. Manchester is promoted as an investment location through its advanced manufacturing cluster, skilled workforce, innovation infrastructure, international links, and available manufacturing and research space. Invest Manchester provides investor support and undertakes international engagement to develop trade, investment and innovation partnerships.
    July 23, 2026
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    Practical legal training and structured internships strengthen judicial examination preparation, professional skills, and career exposure for law students.
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    July 23, 2026
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    Student fashion showcase celebrates identity, personal storytelling, craft preservation and conscious creation through nine contemporary design collections.
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    July 23, 2026
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    Rupee exchange-rate movements face pressure from elevated crude prices and equity outflows, moderated by possible central-bank intervention.
    Rupee exchange-rate movement in early foreign-exchange trading reflected a modest appreciation against the US dollar after depreciation in the preceding session. Possible dollar sales by state-owned banks, widely viewed as central-bank intervention, and a weaker US dollar supported the currency. Elevated crude-oil prices, foreign institutional equity outflows, and negative domestic equity-market sentiment continued to create downside pressure, although expected central-bank support was considered likely to limit losses.

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      Video on SC site, chronology of events contradict DFS claim that no cash found from judge's house

      March 23, 2025

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      New Delhi, Mar 23 (PTI) The Delhi High Court's inquiry report and a video uploaded on the Supreme Court website have cast doubt on the Delhi Fire Services' claim that fire fighters found no cash while dousing flames at the official residence of Justice Yashwant Varma, a Delhi High Court judge, on March 14.

      The video, shared by Police Commissioner Sanjay Arora with Delhi High Court Chief Justice Devendra Kumar Upadhyaya, was uploaded on the apex court's website as part of the 25-page report on Saturday night.

      The video, which has since gone viral on social media, shows Delhi Fire Services (DFS) fire fighters dousing the flames on articles that apparently included half-burnt Indian currency notes.

      DFS chief Atul Garg had, on March 21, told PTI that fire fighters did not find any cash from Justice Varma's residence during a fire incident on March 14.

      "Soon after dousing the flames, we informed police about the fire incident. Thereafter, a team of fire department personnel left the spot. Our fire fighters did not find any cash during the fire-fighting operation," he had told PTI and two electronic news channels on March 21.

      The discrepancies in the two accounts are glaring.

      The DFS chief had also said that the control room received a call about the blaze at Justice Varma's Lutyens' Delhi residence at 11:35 pm on March 14 and two fire tenders were rushed to the spot.

      The inquiry report of the Delhi High Court chief justice, however, apparently contradicts this as well.

      The report of Justice Upadhyaya says the Delhi police chief told him on March 16 that Justice Varma's personal secretary called the police control room first to inform about the fire incident at the residence of the judge and that the DFS was not informed separately.

      "It has also been informed that the fire service was not informed separately, though once PCR was contacted, the information relating to fire was automatically sent to the Delhi Fire Services," Justice Upadhyay has said in his preliminary report submitted to Chief Justice of India (CJI) Sanjiv Khanna.

      On Friday, the Supreme Court took note of the allegations against Justice Varma, from whose residence a large stash of cash was allegedly discovered during the fire incident. It also reportedly called for his transfer to the Allahabad High Court.

      CJI Khanna formed a three-member committee on Saturday to conduct an in-house inquiry against Justice Varma and directed that no judicial work be assigned to him. The inquiry was ordered after the report of Justice Upadhyaya was submitted to the CJI.

      The inquiry committee consists of Justices Sheel Nagu, Chief Justice of the Punjab and Haryana High Court, G S Sandhawalia, Chief Justice of the High Court of Himachal Pradesh, and Karnataka High Court judge Anu Sivaraman.

      The purported discovery of the half-burnt cash happened after a fire broke out at Justice Varma's residence at around 11:35 pm on the night of Holi on March 14.

      In a statement on Friday, the top court said the Delhi High Court CJ had initiated an in-house inquiry against Justice Varma and separately, there was a proposal to transfer the judge to the Allahabad High Court.

      "There is misinformation and rumours are being spread with regard to the incident at the residence of Justice Yashwant Varma," the statement said.

      Upon receiving the information, the apex court said Justice Upadhyaya "commenced the in-house enquiry procedure, collecting evidence and information".

      Justice Upadhyaya was stated to have commenced the enquiry prior to a meeting of the apex court collegium on March 20.

      The top court had said the proposal to transfer Justice Varma was examined by the apex court collegium comprising the CJI and the four seniormost judges on March 20 and thereafter, letters were shot off to the consultee judges of the top court and the chief justices of the high courts concerned, besides Justice Varma.

      "Responses received will be examined and, thereupon, the collegium will pass a resolution," the court had said.

      Justice Varma has strongly denounced the allegations in the currency-discovery row and said no cash was ever placed in the storeroom of his residence either by him or any of his family members.

      In his response submitted to the Delhi High Court CJ, Justice Varma has said the allegations of cash discovery from his residence clearly appear to be a "conspiracy to frame and malign him".

      Justice Varma was enrolled as an advocate on August 8, 1992. He was appointed as an additional judge of the Allahabad High Court on October 13, 2014.

      He took oath as a permanent judge of the Allahabad High Court on February 1, 2016, before being appointed as a judge of the Delhi High Court on October 11, 2021.

      He currently heads a division bench dealing with cases of sales tax, the Goods and Services Tax (GST), company appeals and other appeals on the original side.

      The top court has an in-house inquiry mechanism in place to deal with allegations against judges of the constitutional courts. PTI MNL SJK RC

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