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    US slaps 10 per cent tariff on goods imported from India over forced labour concerns
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    US' temporary 10 pc tariff set to expire on Friday unless extended or new duties announced
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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.
    Gold and silver prices declined amid weaker global bullion trends, profit-booking, and higher crude oil prices linked to Middle East tensions. Market commentary associated the decline with inflation concerns and expectations that major central banks may sustain restrictive monetary policy for longer. Gold was described as facing near-term pressure from higher interest-rate expectations, inflation risks, and geopolitical uncertainty.
    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.
    The Chennai chapter of the 'Credit Goes to HER' initiative provides a platform for women professionals in banking, NBFCs, fintech, housing finance, academia and policy to share knowledge, obtain mentorship and collaborate on inclusive credit practices. It seeks to strengthen women's leadership and participation in the credit ecosystem while supporting responsible lending, financial inclusion, transparency and data-driven decision-making.
    July 23, 2026
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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.
    Digital personal-loan campaign permits eligible customers to apply online for collateral-free borrowing and receive specified lifestyle rewards upon successful disbursal, subject to campaign terms. Applicants may check an offer, provide personal, financial and employment information, review loan terms, complete know-your-customer and bank-account verification, and undergo assessment. Interest rates, loan amounts and repayment tenures depend on eligibility, credit profile, income and internal assessment. An EMI calculator supports comparison of repayment options and estimation of monthly instalments before application.
    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.
    Legal education employability initiatives combine curriculum alignment for judicial and competitive examinations with mentoring, legal drafting practice, research training, and professional interaction. Internships provide practical exposure to courts, judicial institutions, government bodies, law firms, advocates' chambers, corporate legal departments, and non-governmental organisations. Students in integrated and three-year law programmes complete prescribed minimum internship periods, with summer and winter placements commencing after the first year. Specialisation-based internships cover civil, criminal, corporate, cyber, intellectual property, arbitration, taxation, and government or non-governmental legal work.
    July 23, 2026
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    Student fashion showcase celebrates identity, personal storytelling, craft preservation and conscious creation through nine contemporary design collections.
    Student fashion showcase 'Astitva' presented nine contemporary collections exploring identity, belonging, transformation, memory, resilience, grief and cultural heritage through personal design narratives. The collections included a contemporary reinterpretation of Bhujodi weaving, Ajrakh block printing and Kumaoni hand-knitting, emphasising preservation of Indian craft traditions. Recognition included a designer award for the craft-revival collection and a sustainability award for a collection focused on craftsmanship, conscious creation, heirloom design and mindful luxury.
    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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      War of words follows disruption of Mamata’s speech at Oxford

      March 28, 2025

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      Kolkata, Mar 28 (PTI) Political reactions flew thick and fast back home in the aftermath of protestors, allegedly by Left-leaning youths, disrupting West Bengal Chief Minister Mamata Banerjee’s speech on social development and women’s empowerment at Kellogg College under the University of Oxford.

      The Trinamool Congress asserted that the disruption was a slur on the country as a whole and that people would “respond to the attack with interest”, while CPI(M)'s student wing SFI stated that the “chief minister has no escape from tough questions from the enraged student community wherever she goes”. Midway through Banerjee’s speech, a section of the audience, who had come with posters, tried to interrupt her address by questioning her on a range of issues, from the RG Kar hospital medic’s rape and murder to the flight of capital from the state, including the Tata Motors’ exit from Singur.

      A composed Banerjee tried to placate the protestors by offering to send them “chocolates” and wishing them a “good night’s sleep over their agendas”. She announced that such resistance has only encouraged her more, strengthened her resolve and offered to visit Oxford twice a year, should she be invited to speak.

      “This same show can get repeated when your leaders come to visit,” Banerjee warned the protestors, adding, “My Left and ultra-Left friends, this is not the proper way to behave.” Taking to his social media handle, TMC spokesperson and part of Banerjee’s entourage to the UK, Kunal Ghosh wrote, “A motley band of Left supporters brought disrepute to the state and country by their actions. They have forgotten about everything that happened in Bengal during the Left rule. Confronted by the audience, they fled the scene. Instead of raising questions during the question and answer session, these people displayed their culture.” The party’s IT cell chief Debangshu Bhattacharya questioned the identity of the protesters.

      “These people were neither students of Oxford, nor were they British citizens. By trying to insult the chief minister, they ended up insulting India. People will give them a befitting reply with interest,” said Bhattacharya.

      Education Minister Bratya Basu, who himself was at the receiving end of students’ disgruntlement at Jadavpur University recently, called the protest “a reflection of collective hopelessness among the red and saffron camps”. “It has become a norm for elements like these to attack our leaders in the midst of an ongoing function. Mamata Banerjee was representing the state and the country and this wasn’t a political platform. I would like to repeat after my leader that these people should, instead, come back to the country and strengthen their party to fight communal forces,” Basu said.

      The SFI, though, maintained that the CM cannot hope to get away with “her back-to-back lies about Bengal” on foreign soil.

      Leader of the Left students’ body Debanjan Das said, “SFI will not let her go so easily. She will have to answer questions on why the number of student drop-outs in Bengal is on the rise and why their rights to education, expression and security are getting curtailed by each passing day. She must answer why the RG Kar victim is yet to receive justice and why students’ elections have been halted in the state’s campuses." The SFI will question her wherever she goes, he said adding that Banerjee may choose to escape or answer them but she will not have a respite. Aniket Mahato, a key functionary of West Bengal Junior Doctors Front, said the rape-murder of the RG Kar medic and the alleged efforts of the state administration to divert attention from the larger conspiracy involved has hung Bengal’s head before the world in shame.

      “It’s natural that the CM had to face those uncomfortable questions from the expatriate Bengalis living in the UK, including students. It is unfortunate the way she responded. She did not have a reply. Till real justice is done in the Abhaya case, the CM will have to face similar situations wherever in the world she goes,” Mahato said.

      Senior Congress leader Adhir Chowdhury said such aspersions won't help instill confidence in foreign investors about the state’s investment climate.

      “Does anyone know how much investment has actually poured in after such overseas visits? She owes a reply to the people of Bengal about the projected investment from the visit and what was turned into reality. She should provide break-ups of visit expenses supposedly borne by the state,” he said.

      Alleging “insensitivity” on Banerjee’s part in fielding questions on the RG Kar crime, Chowdhury said, “She could have said that a probe into the shocking crime was on and being conducted by the central agency and she hopes for quick justice. Instead, she showed her impatience by her brusque reply and sidestepping the issue.” Referring to Banerjee’s comment at the Kellogg Collage stage where she disagreed with PM Narendra Modi’s prediction of India becoming the world’s number one economic superpower by 2060, BJP spokesperson Sajal Ghosh charged the chief minister with “lowering the nation’s image before the world”.

      “How can a CM utter such words? What she said is shocking. She might have political differences with the Centre, but when she was speaking at an international event she shouldn't have said such things,” Ghosh said. PTI SMY SUS NN

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