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    IDFC FIRST Bank Q1FY27 Results: Highest Ever PAT of ₹1,075 Crore, Up 132.4% YoY
    India placed in lower 10 pc US tariff bracket; reaffirms commitment to BTA
    Ratnaveer Precision Engineering Reports 20% Revenue Growth and 21% PAT Growth in Q1 FY27
    India placed in lower tariff tier at 10 pc under US Section 301 measures on forced labour: Govt
    ED report says CMRL ex-MD cited Veena’s ties to then Kerala CM for payments
    Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman outlines 5Rs of responsive tax governance; Calls for greater tax certainty and ...
    Trump says US will investigate EU trade practices, claiming bloc unfairly fined tech giants
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    Sitharaman ask I-T officials to go after tax evaders, ensure convenience for honest taxpayers
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    Rupee recovers 20 paise to settle at 96.53 against US dollar
    Sri Lanka welcomes US tariff reduction
    DPIIT's One District One Product Initiative Promotes 1,244 Unique Products Across 773 Districts
    India's Services Exports Rise to USD 421.3 Billion in FY 2025-26, Led by Telecommunications, Computer and Information Services and Business Services
    India and Israel Conclude Second Round of Negotiations for Proposed Free Trade Agreement
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    India's forex reserves jump USD 1.08 billion to USD 676.237 billion
    Boult Earbuds in India 2026: Five Reasons They are the Smartest Budget Pick
    Stock markets extend losses for 5th straight day on US trade tariffs, West Asia tensions
    China slaps export controls on 14 EU entities in retaliation for Russia-related sanctions
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    July 25, 2026
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    Banking financial performance reflected loan and deposit growth, improved asset quality, stronger margins and prudent contingency provisioning.
    Quarterly financial performance reflected growth in customer business, loans and deposits, expansion in lending portfolios, an improved CASA ratio and lower cost of funds. Asset quality improved through reductions in gross and net non-performing assets, while profitability indicators improved in relation to net interest margin, cost efficiency, provisions, net profit and return on assets. The bank received credit-guarantee claims for its microfinance portfolio and created a contingency provision for macroeconomic and geopolitical uncertainty. Capital adequacy and common equity tier-one ratios were also reported.
    July 25, 2026
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    Forced-labour import tariffs place Indian goods under an additional duty while exemptions preserve access for specified exports.
    A 10 per cent Section 301 additional import duty applies to specified Indian goods over and above ordinary most-favoured-nation duty, following a forced-labour-related investigation. Generic pharmaceuticals, smartphones, other specified products, and goods already subject to Section 232 sectoral duties remain outside the additional levy. The textile-specific mechanism has not yet been operationalised for India, while tariff-rate quota concessions using US-origin cotton and fibre were announced for certain other economies. India continues engagement on a bilateral trade agreement and tariff access for garments using American inputs.
    July 25, 2026
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    July 25, 2026
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    US forced-labour tariffs place India in a lower tier while preserving exclusions for specified imports and Section 232 products.
    US Section 301 forced-labour measures impose an additional 10 per cent tariff on imports from India, with India placed in a lower tariff tier than initially proposed. Generic pharmaceuticals, smartphones and certain specified products outside additional duties remain excluded, as do products already covered by Section 232 measures, including steel, aluminium and auto parts. The textile-specific mechanism has not yet been established or operationalised, and engagement continues in connection with bilateral trade agreement negotiations.
    July 25, 2026
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    Money-laundering investigation examines alleged fictitious expenses, circular vendor payments, and consultancy payments without services or deliverables.
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    Tax certainty and taxpayer-centric administration drive simplified compliance, reduced litigation, digital service delivery, and stronger voluntary tax compliance.
    Tax administration reform under the Income-tax Act, 2025, rules and forms is directed toward a simpler, transparent and taxpayer-centric system. Key priorities include reducing compliance costs and litigation through tax certainty, faster return processing, refunds, grievance redressal, voluntary compliance and timely appeal disposal. Digital initiatives, including PAN 2.0, ITBA 2.0, IEC 3.0, Kar Saathi and SAKSHAM NUDGE, are intended to simplify compliance and improve taxpayer experience. Capacity building in technology, international taxation, transfer pricing, digital assets and cybersecurity supports this reform agenda.
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    July 24, 2026
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    Import tariffs and energy costs heighten inflation risks, pressuring consumers, corporate profits and monetary-policy expectations amid market volatility.
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    Examination integrity safeguards prompt monitoring, enforcement action and proposed stricter penalties for paper leaks and institutional failures.
    Examination integrity measures include reported termination of agency officials, contemplated legal and criminal action, proposed stricter punishment for paper leaks, and Supreme Court monitoring of preventive steps. The Supreme Court also prohibited unauthorised posting or uploading of audio-video court proceedings on social media and digital platforms without prior administrative permission. The updates further address taxpayer facilitation alongside firm action against evasion, trade measures connected with forced-labour concerns, and potential legal action concerning university communications to students.
    July 24, 2026
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    Forced-labour import prohibition enabled lower tariff treatment for Sri Lankan goods, supporting export competitiveness and responsible trade practices.
    Tariff treatment for Sri Lankan goods entering the United States was reduced after Sri Lanka prohibited imports of goods produced using forced labour. The prohibition placed Sri Lanka within the lower tariff category under the stated US framework. The reduction is described as supporting exporter competitiveness while reflecting commitments to fair trade, responsible business practices, internationally accepted labour standards, and sustainable economic reforms.
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    Services export promotion expands market access, professional mobility, qualification recognition and trade outreach for Indian service suppliers.
    Services export promotion combines targeted market and sector strategies, removal of domestic impediments, trade agreements and export-promotion activity. Free Trade Agreements secure market access and national treatment for Indian service suppliers, support transparent and time-bound authorisation processes, and facilitate temporary mobility of skilled professionals. Mutual Recognition Agreement provisions seek recognition of qualifications and licensing requirements. The framework also addresses social-security coordination, student mobility, traditional medicine and double-taxation commitments for IT services. The Services Export Promotion Council supports market development, trade facilitation, capacity building and international outreach.
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    Direct card acquiring enables cross-border merchants to manage payment processing, settlement, risk monitoring and disputes without intermediary acquirers.
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    Foreign exchange reserves rose as foreign currency assets increased, while gold reserves fell and IMF reserve position declined.
    Foreign exchange reserves increased during the reported week, principally because foreign currency assets rose, including valuation effects from movements in non-US currencies held in reserve. Gold reserves declined, Special Drawing Rights increased, and the reserve position with the International Monetary Fund decreased. Earlier reserve declines were associated with rupee pressure and foreign-exchange market intervention through dollar sales.
    July 24, 2026
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    Consumer electronics financing enables instalment purchases of affordable earbuds through in-store loan and reusable credit facilities, subject to approval.
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    July 24, 2026
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    Trade-tariff concerns and oil-price volatility deepen risk aversion, extending equity market losses amid geopolitical tensions and foreign outflows.
    Indian equity markets extended their losing streak amid caution over United States trade-tariff concerns, West Asia tensions, oil-price volatility, foreign equity outflows and selling in selected blue-chip shares. Higher oil prices were identified as a potential pressure on macroeconomic indicators and growth prospects. New import tariffs were described as a constraint for export-oriented economies, particularly technology-heavy markets, while investors may diversify exposure across emerging-market opportunities.
    July 24, 2026
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    Dual-use export controls restrict supplies to European entities amid reciprocal Russia-related sanctions and non-proliferation concerns.
    China imposed dual-use export controls on 14 European entities in response to European Union sanctions affecting Chinese and Hong Kong enterprises. Chinese companies cannot export dual-use items to the listed organisations, and foreign companies are barred from supplying them with dual-use items made in China. China stated that the restrictions protect national security and interests and support international non-proliferation obligations in the context of Russia-related sanctions.

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      PMLA / Black Money

      CBI searches at Bhupesh Baghel's house politically motivated: Cong

      March 26, 2025

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      Raipur/Durg, Mar 26 (PTI) The Congress on Wednesday claimed the CBI's searches at the residence of former Chhattisgarh chief minister Bhupesh Baghel were politically motivated, and asserted it will not be intimidated by such actions.

      The Central Bureau of Investigation (CBI) on Wednesday conducted searches at the residence of Congress leader Baghel in connection with the alleged Rs 6,000 crore Mahadev app scam, officials said.

      The agency teams swooped down at Baghel's residences in Raipur and Bhilai, as well as the houses of a senior police officer and a close associate of the former CM, they said.

      The searches also covered the premises of Congress MLA Devendra Yadav in Bhilai town of Durg district and of IPS officers Anand Chhabra, Abhishek Pallava and Arif Sheikh, among others, sources said.

      Baghel said the CBI conducted searches at his residence ahead of his scheduled visit to New Delhi for a Congress meeting.

      Reacting to the action, Baghel's office in a post on X said, "Now CBI has arrived. Former Chief Minister Bhupesh Baghel is scheduled to go to Delhi today for the meeting of the "Drafting Committee" constituted for the AICC meeting to be held in Ahmedabad (Gujarat) on April 8 and 9." "Before that, CBI has reached Raipur and Bhilai residences," it added.

      State Congress chief Deepak Baij in a post on X claimed the BJP sent the CBI after Baghel and Yadav following all the "failed raids and failed conspiracies".

      "Since this morning, the CBI has been camping at the houses of both our leaders, this is nothing but the government's desperation," he charged.

      "But remember one thing - neither Congress will bow down, nor Congress will stop. This fight is not just about the leaders, but about every truth which is being tried to be crushed by the power. BJP should remember - truth does not bow down, and the end of injustice is certain," he added.

      Senior Congress leader and former state Deputy CM TS Singh Deo also condemned the action and claimed the central agencies have been trying to harass Baghel.

      "The attempt by the agencies to harass former CM Bhupesh Baghel ji repeatedly is condemnable. It is only the BJP's failed attempt to tarnish Bhupesh ji's image. The state BJP government is incapable of running the government, therefore it has been making such efforts to divert attention from the issues related to the public," Singh Deo alleged in a post on X.

      First the ED, then CBI, the investigating agencies have been acting as the 'B' team of the BJP, he claimed.

      "It has become clear that the central agency has only become a weapon to threaten and harass opposition leaders. This action being taken by BJP out of political malice is a violation of democracy," he added.

      State Congress communication wing head Sushil Anand Shukla slammed the BJP over the action and claimed the ruling party was scared of Baghel.

      "Ever since Baghel has become the party in-charge of Punjab, the BJP is scared. First, the Enforcement Directorate was sent to his residence and now, the CBI has been sent. This shows the BJP's fear. When the BJP fails to fight politically, it uses central agencies against its opponents," he alleged.

      "Neither Bhupesh Baghel nor the Congress party is scared," Shukla said.

      The people of the country and the state are well aware of these "oppressive" policies of the BJP, he said.

      Earlier also, the CBI had lodged a case against Baghel in connection with an alleged seven-year-old (sleaze) CD matter, but the court recently discharged him of all charges, Shukla added.

      Recently, the Enforcement Directorate had conducted searches at Baghel's residence in connection with an alleged liquor scam case.

      The state government last year handed over to the CBI 70 cases related to the alleged Mahadev scam lodged with different police stations and one case registered with the Economic Offences Wing (EOW) in the state.

      Baghel along with promoters of the Mahadev app - Ravi Uppal, Saurabh Chandrakar, Shubham Soni and Anil Kumar Agrawal and 14 others - were named as accused in the EOW's FIR.

      Baghel had termed the EOW FIR "politically motivated".

      Notably, the ED has been probing the Mahadev app-linked money laundering case, unearthed during the previous Congress government in the state.

      The ED had conducted multiple raids in the case earlier in the state and filed prosecution complaints (chargesheets) in the case, including against the two main promoters of the alleged illegal betting and gaming app - Chandrakar and Uppal.

      The ED claimed in the past that its probe in the Mahadev online gaming and betting app has shown involvement of various high-ranking politicians and bureaucrats from Chhattisgarh, the state where the two main promoters, Chandrakar and Uppal, of the app hail from.

      It had said the app is an umbrella syndicate arranging online platforms for enabling illegal betting websites to enrol new users, create user IDs and laundering of money through a layered web of 'benami' bank accounts.

      The two main promoters of the app are stated to have been detained in Dubai on the basis of an ED-requested Interpol red notice. The projected proceeds of crime in this case are about Rs 6,000 crore, according to the ED. PTI TKP GK

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