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    PROVISIONAL ESTIMATES OF WHOLESALE PRICE INDEX, OUTPUT PRODUCER PRICE INDEX, AND TRIAL INPUT PRODUCER PRICE INDEX FOR THE MONTH OF JUNE 2026, AND FINA...
    PM hails operationalisation of India-UK CETA; says it will give fresh momentum to farmers, MSMEs
    India-UK trade pact comes into force
    Rayzon Solar Achieves NABL Accreditation for Its R&D Laboratory, Elevating Standards in Solar Manufacturing Excellence
    China's economy grew at 4.3% annual pace in 2nd quarter, slowest since late 2022
    Industry celebrates 'landmark' FTA entry into force to catalyse India-UK trade
    Stock markets rebound in early trade; Sensex jumps 553 points
    Rupee rises 5 paise to 96.11 against US dollar in early trade
    US Senators unveil bill for 100 per cent tariffs on India, four others for buying Russian oil
    PNB case: Nirav Modi's sister wants to record her statement via video conference
    Rupee falls 48 paise to close at 96.16 against US dollar
    RBI guv asks banks to leverage advanced technologies
    Punjab offers immense opportunities in Textile sector; CM urges entrepreneurs to invest
    Mahadev betting app PMLA case: ED arrests Ebix chairman Vikas Garg
    Direct taxes grow 16 pc to Rs 6.51 lakh crore so far on faster corporate tax mop-up
    Gurugram realty 'fraud': SC transfers money-laundering case involving Amit Katyal to Delhi
    Import of goods produced through use of forced labour prohibited: Govt
    CID chief Supratim Sarkar shifted in major police rejig; Jayraman moved to Economic Offences wing
    A Swadeshi Blueprint for a Rs.3000 Trillion Bharat: The BGIF Story
    International-level market to be set up near Vadhvan Port to boost farm exports: Minister
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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
    Show AI Summary
    Zero-duty market access under the India-UK trade pact expands opportunities for domestic goods, enterprises, professionals and skilled mobility.
    The India-UK Comprehensive Economic and Trade Agreement has been operationalised, enabling a range of domestic goods to enter the UK market at zero customs duty and expanding market access for Indian farmers, entrepreneurs and micro, small and medium enterprises. A social security agreement has also entered into force to support Indian professionals temporarily working in the UK, improve enterprise competitiveness, and complement cooperation in technology, professional services, innovation and skilled-worker mobility.
    July 15, 2026
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    Accredited photovoltaic module testing strengthens reliability validation, safety qualification, and in-house product development under internationally recognised laboratory quality standards.
    NABL accreditation under ISO/IEC 17025:2017 recognises a photovoltaic module laboratory's technical competence to conduct testing through accepted procedures, calibrated equipment, qualified personnel and quality-management controls. Its scope includes module design and safety qualification, degradation testing and high-temperature operating-condition assessment. Environmental, electrical and mechanical evaluations-including thermal cycling, damp heat, humidity freeze, UV exposure, mechanical loads, leakage current, insulation and power testing-support design verification, reliability analysis, manufacturing consistency and product development.
    July 15, 2026
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    Export-led growth exposes weak domestic demand as high-technology manufacturing support raises trade imbalance and employment concerns.
    China's growth has become increasingly reliant on strong exports of high-technology manufactured products, while domestic consumption and investment remain weak. Household spending is constrained by the property-sector downturn and uncertainty over jobs and wages. Policy support and investment in artificial intelligence, robotics and advanced manufacturing have strengthened exports but raised concerns about trade imbalances, excess production capacity and employment creation. The policy direction identified is to strengthen the domestic market and maintain employment while pursuing higher-quality growth.
    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.
    India-UK Comprehensive Economic and Trade Agreement (CETA) entered into force, establishing tariff reductions, expanded market access and greater certainty for cross-border trade and investment. Its 30 chapters cover trade in goods and services, sanitary and phytosanitary measures, technical barriers to trade, digital trade, intellectual property and government procurement. Trade-facilitation and digital provisions are intended to improve cross-border commerce, while the framework supports bilateral business, investment and collaboration across services, manufacturing, technology and healthcare sectors.
    July 15, 2026
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    Equity market rebound follows softer United States inflation, supporting expectations of a less aggressive Federal Reserve policy stance.
    Indian benchmark equity indices rebounded in early trading, supported by bank and selected large-cap shares after the preceding session's decline. Softer-than-expected United States consumer inflation strengthened expectations of a less aggressive Federal Reserve monetary-policy stance and supported global risk sentiment. Stronger United States equities, generally positive Asian markets, Brent crude movements and foreign institutional investor equity sales were identified as relevant market factors.
    July 15, 2026
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    Foreign exchange market conditions lifted the rupee early, but crude prices, investor outflows and geopolitical tensions restrained gains.
    Foreign exchange market conditions supported an early appreciation of the rupee against the US dollar, while elevated crude oil prices, foreign institutional investor outflows, higher US Treasury yields and West Asia tensions limited gains. A weaker dollar and positive domestic equity-market opening provided support. Intensified US-Iran conflict and risks to regional energy exports contributed to higher crude prices and dollar demand. Higher wholesale price inflation and growth in net direct tax collection formed part of the domestic economic backdrop.
    July 15, 2026
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    Proposed geopolitical tariffs would target major purchasers of Russian oil, alongside broad sanctions on Russia's economic sectors.
    Proposed United States legislation would authorise tariffs of up to 100 per cent on India, China, Slovakia, Hungary and Azerbaijan as major purchasers of Russian oil. It also contemplates broad blocking sanctions affecting Russia's energy, financial and defence sectors and designated persons. The tariffs would be narrowly targeted and subject to restricted waiver authority, while certain European purchasers of Russian gas would be exempted based on limited dependence and efforts to reduce reliance on Russia.
    July 14, 2026
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    Video-conference statement request in PNB fraud case pending decision on approver plea, with prosecution reply sought
    Purvi Modi, an accused in the Punjab National Bank fraud case, has sought permission to record her statement before the special CBI court through video conference. She has applied to become an approver, and the CBI has stated that her statement should be recorded before that application is decided. The court has sought the prosecution's response. Purvi Modi and her husband have already become approvers in a related money-laundering investigation conducted by the Enforcement Directorate.
    July 14, 2026
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    Rupee depreciation reflects crude oil pressures, safe-haven dollar demand, widening trade deficit, and rising global economic uncertainty
    The Indian rupee depreciated against the US dollar amid higher crude oil prices, renewed geopolitical concerns, increased safe-haven demand for the dollar, and rising global bond yields. Higher crude prices increased India's dollar-denominated import requirements, widened the trade deficit, and intensified foreign-exchange outflows. Merchandise exports increased year-on-year, but the trade deficit widened because of stronger imports. Wholesale price inflation also rose, while net direct tax collections increased on account of higher corporate tax receipts.
    July 14, 2026
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    Advanced technology in banking requires cybersecurity, internal controls, fraud prevention, and safeguards against data misuse.
    Banks were encouraged to use advanced technologies, including artificial intelligence, to expand their reach, improve operational efficiency, reduce costs, and enhance customer experience. This approach must be supported by robust cybersecurity, strong internal controls, and safeguards against fraud and misuse of data. The banking sector was also urged to serve all segments of the economy prudently, strengthen customer service, and consider developments involving the Central KYC Records Registry, counterfeit currency detection, MuleHunter, central bank digital currency, the Unified Lending Interface, Account Aggregator, FX Retail, and Retail Direct.
    July 14, 2026
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    Textile investment opportunities: Punjab promotes integrated value chains, single-window approvals, infrastructure, and export-focused industrial growth.
    Punjab's industrial policy aims to attract textile investment, expand employment and exports, and provide an industry-friendly environment through time-bound approvals, single-window and single-pen systems, and reduced bureaucratic obstacles. Punjab is promoted as having a complete textile value chain covering cotton cultivation, spinning, yarn, fabrics, knitting, processing, garments, manufacturing and exports. Its investment ecosystem is described as offering power tariffs, land facilities, transparent approvals, infrastructure and the Right to Business Act, while industry participation is encouraged to strengthen innovation, exports and inclusive economic growth.
    July 14, 2026
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    Betting proceeds laundering allegations link layered transactions and asset acquisitions to the Mahadev online betting syndicate investigation
    The Enforcement Directorate arrested Ebix Group chairman Vikas Garg under the Prevention of Money Laundering Act in an investigation concerning alleged laundering of proceeds from Mahadev Online Book and Skyexchange betting operations. The agency alleges that betting proceeds were routed through hawala entries, shell entities and layered transactions into entities owned or controlled by Garg, and used to acquire shares, securities and other assets. It further alleges that Garg acquired a controlling stake in EbixCash using such funds. The investigation concerns a franchise-based betting syndicate operating through multiple online platforms.
    July 14, 2026
    Show AI Summary
    Corporate tax growth strengthens direct tax collections, reflecting resilient profitability, advance tax payments, and improving compliance
    Net direct tax collections rose by 16.40 per cent to over Rs 6.51 lakh crore up to July 13, driven mainly by a 22 per cent increase in net corporate tax collections. Net non-corporate tax collections also increased, while Securities Transaction Tax collections grew by 48 per cent. Gross direct tax collections rose by 16.11 per cent, and refunds increased by 14.57 per cent. The collection trend was associated with resilient corporate profitability, stronger corporate advance tax payments, continued compliance and increasing formalisation.
    July 14, 2026
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    PMLA territorial jurisdiction in homebuyer fraud permits concurrent forum competence where alleged proceeds were acquired and concealed across locations
    Money-laundering proceedings arising from alleged cheating of homebuyers in a Gurugram real-estate project were transferred to the Special PMLA Court at Saket, Delhi, with prosecution continuing from its existing stage. The jurisdictional issue involved alleged acquisition of proceeds of crime at Gurugram and concealment of attached proceeds in Delhi, creating simultaneous jurisdiction for the PMLA courts at both locations. The underlying allegations include collection of funds before project licensing, fraudulent bookings, diversion of project funds, undervalued land transfers during insolvency, and diversion of public-sector bank loans.
    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.
    July 14, 2026
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    Police leadership reshuffle strengthens economic-offences investigations and reallocates senior officers across intelligence, security, and district policing
    West Bengal reorganised its police leadership by transferring 28 IPS officers and five WBPS officers across investigative, intelligence, telecommunications, correctional, traffic, cyber and district-policing assignments. N R Babu became head of the Criminal Investigation Department while retaining additional charge of prisons, and Supratim Sarkar moved from the CID to Telecommunications. K Jayraman was appointed Director of the Directorate of Economic Offences in the context of the government's stated focus on alleged financial irregularities. Other changes included new leadership for the Special Task Force, Intelligence Branch, Bidhannagar Police, the Narayani Battalion and several districts, including revised postings in Baruipur following serious criminal incidents.
    July 14, 2026
    Show AI Summary
    Industrial collaboration platform combines policy advocacy, regulatory guidance and cross-border manufacturing partnerships to advance India's global industrial ambitions
    BGIF is presented as a Swadeshi-oriented industrial collaboration and policy platform connecting businesses, policymakers, investors, technocrats and innovators. Its functions include policy advocacy, regulatory guidance, sector-specific insights, investment access, fundraising support, deal structuring and business expansion. The forum operates through domestic chapters and an international network, and reports engaging in freight-related policy advocacy, participating in pre-Budget consultations, and facilitating a memorandum of understanding between an Indian manufacturer and an overseas partner for manufacturing cooperation and technology exchange. Its roadmap includes further chapters, international partnerships, industry conclaves and policy dialogues.
    July 14, 2026
    Show AI Summary
    Integrated agricultural trade hub near Vadhvan Port aims to strengthen exports through cold chains, logistics, and transparent trading
    Maharashtra has approved an international-standard agricultural market at Dapchari in Palghar district near the upcoming Vadhvan Port. Developed by the Maharashtra State Agricultural Marketing Board, the project will combine an international market, a market of national importance and Agricultural Produce Market Committees. Planned infrastructure includes wholesale and import-export facilities, cold chains, grading and packaging units, multimodal logistics, warehouses, testing laboratories, container terminals, railway siding, e-auctions and an export facilitation centre. The project aims to support transparent trading, post-harvest value addition, reduced losses and improved agricultural exports.

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      How shelter hit by Trump's aid cuts protects LGBTQ migrants in Mexico

      March 25, 2025

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      Tapachula (Mexico), Mar 25 (AP) Ana Esquivel no longer feels like her heart stops every time she sees a police officer.

      “We've been told that they won't harass or mistreat us here, but back home, if a male name is spotted on your ID, you could spend the night detained,” said the 50-year-old transgender woman. She fled Cuba fearing for her safety and arrived in Mexico earlier this year.

      Esquivel settled in the southern city of Tapachula, hoping to dodge the Trump's administration crackdown on migration and reach the United States. But unlike many who turned back after their Border Patrol appointments got cancelled, returning home is not an option for LGBTQ+ migrants.

      “The LGBT population doesn't necessarily leave their countries for the same reasons as others,” said Mariana de la Cruz, operations director at Casa Frida, a shelter that supports LGBTQ+ migrants and lost 60 per cent of its funds after President Donald Trump ordered the suspension of foreign assistance programmes in January.

      “They leave due to discrimination and violence based on their gender identity,” de la Cruz said. “Beyond economic reasons or the American Dream, they leave because they need to survive.” The flux of migrants at the Southern Mexican border with Guatemala dipped after Trump announced plans to restrict refugees and asylum seekers, contending he wants to stop illegal entry and border crime.

      The Mexican Commission for Refugee Aid in Tapachula has not updated its public data since December 2024, but the transformation is clear.

      Hundreds of migrants no longer flood a public square, waiting for a response to their refugee applications. And though lines still form around the commission's headquarters, locals say the crowds are smaller.

      At a nearby Catholic shelter, administrator Herber Bermudez said they have hosted up to 1,700 migrants at a time, but it's closer to 300 with the shutdown of CBP One, the US border app that facilitated legal entry into the country.

      “The change was substantial,” Bermúdez said. “By January 20, we had around 1,200 people, but as the app stopped working, people started heading back to their countries.” In contrast, help requests addressed to Casa Frida have not dropped.

      "All of the people we support were victims of violence," said Sebastián Rodríguez, who works at the shelter. "They can't go back." In Tapachula since 2022, Casa Frida staff review on average 80 applications per month, assessing the most at-risk. According to Rodríguez, nonbinary and transgender migrants are frequently vulnerable to attacks.

      The shelter doesn't have enough resources to help everyone, but they bring on about 70 new people monthly and can support up to 200 LGBTQ+ at any given time.

      Several migrants recently told The Associated Press they were kidnapped by cartel members as they set foot in Mexico and had to give up their possessions to be released.

      LGBTQ+ people face more violence, Rodríguez said. Transgender women often dress as men to avoid mockery and being spotted by criminals. If they are spared and reach a shelter, staff assign them to male dorms. If they leave and try to rent a room elsewhere, landlords seem unhospitable or demand unthinkable fees.

      “That's why programmes like ours are needed,” Rodríguez said.

      According to the shelter, about 40 per cent of its population was affected by the end of CBP One app and the mass cancellation of appointments.

      “Some people feel discouraged and hopeless,” Rodríguez said. “But many have applied for asylum in Mexico.” Among its services, Casa Frida can provide a roof and meals for up to 12 people for three months. The organisation's other programmes can help several more migrants by providing legal guidance on remaining in Mexico, advice on finding temporary jobs with inclusive environments, psychological counselling and tips for renting apartments under fair conditions.

      “Most people just think of us as a shelter, but providing refuge is only the core of what we do,” Rodríguez said. “Our goal is to reintegrate violence victims into society.” The shelter operates in three locations: Mexico City, where it was founded in 2020 and mostly supports locals; Tapachula, which mainly receives migrants from Cuba, Honduras, Venezuela, El Salvador, Perú and Haiti; and Monterrey, where those at grave risk are transferred to be safe at an undisclosed address.

      Manuel Jiménez, 21, was welcomed at the Mexico City station in February. He arrived from a state near the capital when harassment by family members became unbearable.

      Jiménez initially hoped to reach the US and he travelled north in November 2024. All went well until border patrol officers detained him in Arizona and he was deported. But it was dangerous for him to stay in his hometown.

      “Someone told me about this shelter because I wanted to find a place where I could feel at peace,” said Jiménez, who identifies as bisexual. “Back home, there were people who wanted to hurt me, verbally and physically.” Now living at Casa Frida, he started working at a nearby restaurant and hopes to save money that will enable him to find a home of his own.

      Back in Tapachula, Esquivel applied for Mexican refugee status. Around 85 per cent of Casa Frida's migrants get a positive response, so she's optimistic. Maybe one day, she hopes, she could go back to school, land a job and relocate.

      “I want to stay here and become part of this country,” Esquivel said. “I want to do it the right way and I'm grateful to Casa Frida for helping me get there.” She learned about the shelter from another trans woman who also fled Cuba after feeling threatened by police.

      “I was nearly arrested,” said Rachel Pérez, 51. “In Cuba, we are discriminated and persecuted. We leave in search for a better life.” Human rights organizations have denounced continuing intolerance in the Caribbean nation, which does have sexual orientation protections.

      According to Esquivel, she was accused of prostitution — which is not illegal under Cuban law — for repeatedly walking alone at night. Police warned her a few times, but she kept going out until she was detained and transferred to a male prison.

      “I was raped there,” said Esquivel, who remained imprisoned for a year. “I was only 21 and the inmates abused me. Within time, I learned how to defend myself, but those were very difficult times I won't forget.” Staff at Casa Frida constantly updates their protocols to help migrants like Esquivel. But keeping operations running has proved challenging due to the US aid cuts.

      According to De la Cruz, worrisome notifications popped by January 24, and a few weeks later, 60 per cent of their budget was gone.

      “We've been looking everywhere to find new sustainability alternatives,” she said.

      “We are part of a network focused on LGBT mobility in Latin America and the Caribbean — 13 organisations in 10 countries — and at least 50 per cent of them took a hit.” Funding campaigns and ongoing meetings with European and local leaders might bring a solution, but concerns haven't ceased and the team could significantly diminish its operations.

      “Nothing is written in stone and we don't know what could happen next,” De la Cruz said. (AP) PY PY

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