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    July 15, 2026
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    Punitive tariffs for Russian oil purchases could make trade duties a geopolitical mechanism targeting India and other countries.
    Proposed United States tariff legislation would impose punitive tariffs on India and other specified countries for purchasing oil from Russia. Certain European countries purchasing Russian gas would be exempted on the stated basis that their purchases are limited and that they are reducing dependence on Russia. If enacted, the measure would expressly authorise tariffs as a geopolitical mechanism directed at countries considered to be financing another nation's war effort.
    July 15, 2026
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    Strait of Hormuz transit rights remain contested as blockade measures, toll disputes, and hostilities threaten regional energy exports.
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    July 15, 2026
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    Major banking shareholding acquisitions: draft directions propose simplified approval for subsequent investments by institutional fund categories.
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    July 15, 2026
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    Wholesale and producer price indices report rising June inflation, revisions to April estimates, and manufacturing input-price movements.
    Provisional June 2026 and final April 2026 estimates are reported for the Wholesale Price Index, Output Producer Price Index, and trial Input Producer Price Index under the base year 2022-23. Wholesale inflation increased year-on-year, driven principally by mineral oils, food articles, basic metals, and chemicals and chemical products. April WPI and Output PPI estimates were revised upward, while the April trial Input PPI was revised downward. The release also provides group-wise monthly and cumulative index data, weighted response rates for WPI estimates, and provisional and final data classifications.
    July 15, 2026
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    India-UK trade agreement operationalisation expands market access, tariff reductions, skilled mobility and social security support for enterprises and professionals.
    The India-United Kingdom Comprehensive Economic and Trade Agreement is intended to facilitate greater two-way movement of goods and services through tariff reductions and stronger access to the UK market for farmers, entrepreneurs, MSMEs and other sectors. Together with the Agreement on Social Security, it is described as promoting cooperation in technology, professional services and innovation, supporting mobility for skilled Indian talent, and assisting Indian professionals temporarily working in the UK.
    July 15, 2026
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    Zero-duty market access under the India-UK trade pact expands opportunities for domestic goods, enterprises, professionals and skilled mobility.
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    Accredited photovoltaic module testing strengthens reliability validation, safety qualification, and in-house product development under internationally recognised laboratory quality standards.
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    July 15, 2026
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    India-UK trade agreement enables tariff reductions, market access and digital trade facilitation for expanded cross-border commerce and investment.
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    Proposed geopolitical tariffs would target major purchasers of Russian oil, alongside broad sanctions on Russia's economic sectors.
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    Betting proceeds laundering allegations link layered transactions and asset acquisitions to the Mahadev online betting syndicate investigation
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    Corporate tax growth strengthens direct tax collections, reflecting resilient profitability, advance tax payments, and improving compliance
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    PMLA territorial jurisdiction in homebuyer fraud permits concurrent forum competence where alleged proceeds were acquired and concealed across locations
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    July 14, 2026
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    Forced-labour import ban strengthens trade controls, with DGFT inquiry procedures and government power to restrict identified goods.
    The Foreign Trade Policy, 2023 prohibits the import of goods produced or manufactured, wholly or partly, through forced labour. The central government may prohibit specific goods where an inquiry or other relevant evidence indicates forced-labour production. The Directorate General of Foreign Trade will conduct inquiries under the procedure prescribed in the Handbook of Procedures, 2023. Forced labour is defined by reference to the ILO Forced Labour Convention, 1930, as work or service exacted under threat of penalty without voluntary offer by the person concerned.

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      Tripura to check forest cover loss due to 'wrong' implementation of law

      March 25, 2025

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      Agartala, Mar 25 (PTI) The Tripura government has decided to check the forest area in the state following reports that the green cover has come down because of various reasons, including “incorrect implementation” of a 2006 Act.

      As the state government found that a section of forest dwellers have been harming the woods, the administration also decided to launch awareness programmes among them on how to earn their livelihood by protecting jungles, state Forest Minister Animesh Debbarma told PTI.

      According to the Forest Survey of India’s (FSI) latest data released in December last year, the net loss of forest cover in two years stood at 95.31 sq km in the northeastern state.

      Debbarma, however, said that the survey was aerially conducted using satellites and its data sometimes does not match the ground situation.

      “I asked the department to extensively check the state’s forest cover at ground level and submit a status report. Any reduction in forest cover is serious. Action will be taken against those who are liable for reduction in forest cover,” he said.

      Debbarma did not hide his dismay over the way the Recognition of Forest (Rights) Act, 2006, (RoFR) was implemented in Tripura.

      “In many areas, the forest dwellers who got right over the forest land, have carried out demarcation on their own. I had held meetings with the tribal welfare department and revenue department over the demarcation of forestland under the Act,” he said.

      The minister said the department wants to conduct demarcation to streamline the whole process.

      “There was no demarcation before handing over the rights to the forest dwellers under RoFR. Even fencing was not done during the handing over process of the forestland. The government wants to implement the Act under the legislation,” he said.

      The Left Front government has started distributing land deeds under the RoFR since 2008.

      “There are ways to earn livelihood by saving forest cover. We will encourage the forest dwellers to go for massive bamboo plantations to maintain check and balance between livelihood and protecting forest cover. Bamboo-based products have great demand,” Debbarma said.

      According to the FSI report, the forest cover in Tripura has been reduced from 7680.08 sq km in 2021 to 7584.77 sq km in 2023.

      Various reasons have been attributed to the fall in green cover in the state, Principal Chief Conservator of Forest S K Samal told PTI.

      “The problem is those given the land rights over reserve forest areas have been using the plots as per their choice leading to steep reduction in forest cover,” he said.

      Samal stated under various schemes rubber plantations have been raised in reserved forest areas which also resulted in decline in forest cover.

      “In many areas, trees have been replaced by rubber plantations. A sizable forestland has also been diverted for rehabilitation of the Bru community people,” the officer said.

      A large number of Bru families have migrated to Tripura from neighbouring Mizoram since the late 1990s because of ethnic strife. Over 6,900 Bru families have been given permanent land to live in following an agreement in 2020.

      Samal also held the traditional shifting cultivation responsible for the decline in forest cover in the state’s hilly areas.

      “Despite all-out efforts to arrest shifting cultivation in hilly areas, the traditional practice continues in tribal areas. It causes high soil loss and affects the ecological balance”, he said.

      “The Tripura Forest Development Corporation Ltd has started cutting the rubber trees to pave the way for a new plantation. It is also another ground for reducing forest cover,” he stated.

      To augment the dwindling forest cover, the department has been implementing a major afforestation drive across the state.

      “Our target is to plant saplings in 10,000 hectares each year. Besides carrying out plantations in forest areas, we are promoting roadside and riverbank plantations to increase green cover," Samal said. PTI PS NN

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