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    ED raids in 4 states in illegal Bangladeshis, Rohingyas infiltration case
    TCS opens AI-focused Gemini experience centre in Kolkata
    I-T dept raises Cost Inflation Index to 384 for FY27
    Union Minister of Commerce & Industry, Shri Piyush Goyal Meets European Industry Leaders in Brussels to Deepen India–EU Industrial and Technology Co...
    India-UK CETA and Agreement on Social Security Enter into Force
    PERIODIC LABOUR FORCE SURVEY (PLFS) MONTHLY BULLETIN - June, 2026
    CCI approves acquisition by Opal Bidco Pte. Ltd. of 100% shareholding in STT GDC Pte. Ltd.
    Govt hikes windfall tax on diesel, ATF; cuts levy on petrol exports
    Goods worth USD 140 mn exported on first day of India-UK trade pact coming into effect
    CETA: Export consignment flagged from Bengaluru to UK
    India-EU TTC meet: Goyal says work program on FDI screening concluded
    India logs USD 2.8 bn current account surplus in April-May: RBI data
    Cong leader Baghel alleges BJP links to Mahadev betting app after Ebix Group chairman's arrest
    ED attaches Rs 158-crore assets of Delhi hospital in PMLA probe
    Mahadev app case: Chhattisgarh court sends Ebix chairman Vikas Garg to 10-day ED custody
    Bengal seeks to leverage India-UK CETA, eyes export boost for labour-intensive sectors
    Kolkata flags off first jewellery exports to UK under CETA
    UK-India trade pact comes into force; Envoy Cameron hails it as 'gold standard'
    RBI issues draft ‘Guidance on Regulatory Expectations for Data Governance’
    Govt unveils Rs 1.9 lakh cr semiconductor, mobile manufacturing push
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    July 16, 2026
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    Money-laundering investigation examines alleged foreign-funded networks supporting illegal infiltration, forged documents, and economic settlement of migrants.
    A money-laundering investigation concerns an alleged network facilitating illegal entry and settlement of Bangladeshi and Rohingya nationals. The alleged scheme involved forged identity and travel documents, charitable trusts receiving overseas contributions, and diversion of funds through bank accounts, mule accounts and layered transactions. Suspected fund use included settlement support, documentation, employment, cash assistance and income-generating assets. Searches examined the alleged infiltration, documentation and financial-support network.
    July 16, 2026
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    Agentic AI innovation centre enables consumer businesses to co-create, test and scale enterprise AI solutions across operational functions.
    TCS launched a Gemini Experience Centre in Kolkata with Google Cloud to enable consumer businesses to co-create, test and scale AI-led solutions. The centre showcases agentic AI applications for store operations, supply-chain management, omni-channel retail and customer service, serving retail, consumer packaged goods, travel, tourism and hospitality enterprises. The initiative uses Gemini Enterprise-based industry- and context-aware AI agents and seeks to accelerate agentic AI adoption and support movement from AI pilots to enterprise-scale deployment.
    July 16, 2026
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    Cost Inflation Index enables inflation-adjusted long-term capital gains calculations through indexed acquisition cost for eligible capital asset transfers.
    The Cost Inflation Index for financial year 2026-27 is 384 for computing inflation-adjusted long-term capital gains on transfers of capital assets, including immovable property, securities and jewellery. It is used to determine indexed cost of acquisition by adjusting purchase cost for inflation. Long-term classification generally requires holding exceeding 36 months, with stated periods of 24 months for immovable property and unlisted shares and 12 months for listed securities.
    July 16, 2026
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    India-EU industrial and technology cooperation advances through trade facilitation, resilient supply chains, digital innovation and expanded market access.
    India-EU industrial and technology cooperation was advanced through engagements addressing industrial collaboration, technology partnerships, bilateral trade opportunities and business-to-business cooperation. Discussions covered trade facilitation, investment flows, supply-chain resilience, digital innovation, competitiveness and regulatory challenges. The interactions emphasised industry-led growth, greater market access for Indian enterprises and innovation-driven partnerships under the Trade and Technology Council framework.
    July 16, 2026
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    Preferential India-UK trade framework introduces broad zero-duty export access, self-certified origin documentation, and social-security contribution relief for temporary professionals.
    India-United Kingdom CETA entered into force with preferential tariff treatment, including zero-duty access in the United Kingdom for nearly 99 per cent of India's exports. The Agreement covers goods, services and cooperation in customs, digital trade, financial services, telecommunications, intellectual property and professional services. The associated Agreement on Social Security exempts Indian professionals on temporary United Kingdom assignments from double social-security contributions for up to five years. Rules of Origin certification was operationalised through self-certified Certificates of Origin issued on the eCoO 2.0 platform.
    July 16, 2026
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    Labour market indicators showed stable overall participation, employment and unemployment, with marginal urban improvement and softer rural unemployment.
    Monthly labour-market estimates for persons aged 15 years and above, compiled under the Current Weekly Status approach, show stable overall labour-force participation, worker population ratio and unemployment rate in June 2026. Urban labour-force participation and worker population ratio improved marginally, while rural participation and employment remained stable. Female labour-force participation was broadly stable month-on-month. Rural unemployment eased slightly, urban unemployment rose marginally from the preceding month, and urban unemployment declined on a year-on-year basis.
    July 16, 2026
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    Competition clearance governs full acquisition of a data-centre provider alongside co-investor economic interests in the transaction.
    Competition approval concerns Opal Bidco Pte. Ltd.'s acquisition of the entire shareholding in STT GDC Pte. Ltd., a data-centre provider. The transaction also provides for specified co-investors to acquire economic interests in STT GDC on a see-through basis. STT GDC operates in India through an indirect subsidiary and is among multiple data-centre participants active in India.
    July 16, 2026
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    Windfall tax on petroleum exports revises diesel and aviation fuel levies while reducing the petrol export levy.
    Special Additional Excise Duty on petroleum-product exports was revised from 16 July 2026, increasing the levy on diesel and aviation turbine fuel exports while reducing it on petrol exports. Duty rates on petrol and diesel cleared for domestic consumption remained unchanged. The windfall tax framework seeks to support domestic fuel availability and discourage exporters from benefiting from differences between domestic and global fuel prices during elevated crude-oil prices.
    July 15, 2026
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    Duty-free market access under the India-UK trade pact expands exports while preserving safeguards for procurement and policy space.
    The India-UK Comprehensive Economic and Trade Agreement provides duty-free access for nearly 99 per cent of Indian exports and includes reciprocal government-procurement access subject to safeguards. India retains MSME preferences, limits covered procurement to selected central entities, excludes strategic sectors, and applies minimum contract thresholds. The agreement preserves compulsory licensing and permits withdrawal of certain concessions if a future UK carbon tax adversely affects Indian exports. Its gender, SME, environment, and labour chapters contain no dispute-settlement provisions.
    July 15, 2026
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    India-UK trade agreement expands duty-free market access and tariff reductions for exports, services, manufacturing and small enterprises.
    India-UK Comprehensive Economic and Trade Agreement (CETA) is stated to provide duty-free access in the UK market for 99 per cent of Indian products and to reduce or eliminate UK import tariffs across key product categories. It is expected to support Karnataka exports in manufacturing, agricultural produce, processed food, electronics, aerospace and medical devices, with certain tariff reductions phased out over time. Mode 1 services provisions are identified as beneficial to Bengaluru's IT industry, while awareness programmes and investment roadshows are proposed to help exporters and attract investment.
    July 15, 2026
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    Foreign investment screening cooperation advances investment flows alongside trade, technology, supply-chain resilience and prospective investment-protection commitments.
    India and the European Union concluded a work programme on foreign direct investment screening, exchanging best practices to facilitate investment flows. Trade and Technology Council cooperation addresses market access, standards harmonisation, supply-chain requirements, deep-tech innovation and critical dependencies. The parties also discussed free trade agreement ratification, World Trade Organization reform, and prospective investment-protection and geographical-indications agreements. The Council provides an institutional mechanism for cooperation on trade, trusted technology and economic security.
    July 15, 2026
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    Balance of payments reporting shows a current account surplus despite a wider trade deficit and portfolio investment outflows.
    Balance of payments data for April-May 2026 records a current account surplus, supported by increased net services receipts, higher inward remittances and a marginal reduction in net income outgo. The merchandise trade deficit widened as imports rose more than exports. The overall balance of payments moved into deficit, while net foreign direct investment increased and net foreign portfolio investment recorded a larger net outflow.
    July 15, 2026
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    Online betting money laundering investigation examines alleged proxy accounts, simulated salary payments, cross-border routing, and custodial investigation of the money trail.
    Money-laundering allegations concerning an online betting syndicate involve purported routing of betting proceeds through fictitious or proxy bank accounts, simulated salary payments, share-capital investments, and foreign institutional channels. An Ebix Group chairman was arrested in connection with the alleged money trail and remanded for investigation. The investigating agency states that prosecution complaints have been filed and that separate state economic-offence and central investigations address connected cases. Political-link allegations were denied, and the stated laundering assertions remain under investigation.
    July 15, 2026
    Show AI Summary
    Money laundering asset attachment addresses alleged fund diversion through false invoices, inflated construction costs, shell entities and accommodation entries.
    Provisional attachment under the Prevention of Money Laundering Act was undertaken in an alleged financial-fraud investigation involving a hospital company. The allegations concern diversion of company funds through purportedly false medical-implant invoices and inflated hospital-construction costs routed through a related company. Accommodation-entry operators and shell entities were allegedly used to conceal the origin of illicit funds. The proceeding arose from a Serious Fraud Investigation Office chargesheet against the hospital promoters.
    July 15, 2026
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    Money-laundering investigation into online betting proceeds leads to custodial remand amid allegations of layered fund routing.
    A special PMLA court remanded Ebix Group chairman Vikas Garg to Enforcement Directorate custody in an investigation into alleged money laundering linked to online betting operations. The agency alleged that betting proceeds were routed through accommodation entries, shell entities and layered transactions into entities owned or controlled by Garg, and were used to acquire shares, securities and other assets. It also alleged dissipation or encumbrance of Ebix shares and an attempt to mortgage or sell property treated as proceeds of crime.
    July 15, 2026
    Show AI Summary
    India-UK CETA tariff elimination strengthens export prospects for labour-intensive leather, jute, jewellery and agricultural products in British markets.
    India-UK CETA tariff concessions are expected to improve West Bengal's export competitiveness in the United Kingdom. Duty-free access applies to tea, mangoes and betel leaves, while import duties on jewellery have been removed. Labour-intensive leather, jute, and gems and jewellery sectors are identified as principal beneficiaries, with tariff removal also improving seafood export prospects. Further competitiveness measures are proposed to help exporters use the agreement's trade opportunities.
    July 15, 2026
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    Zero-duty market access under CETA enables Indian jewellery exporters to enter overseas markets without import tariffs.
    Zero-duty access under the India-UK Comprehensive Economic and Trade Agreement enables eligible Indian gem and jewellery exports to enter the United Kingdom market without UK import tariffs. The agreement is expected to improve market access and support value-added manufacturing, employment, skill development, and the participation of artisans, micro, small and medium enterprises, and exporters in West Bengal's gem and jewellery sector.
    July 15, 2026
    Show AI Summary
    UK-India trade agreement introduces wider market access, tariff reductions and social security arrangements to support bilateral commerce.
    The UK-India Comprehensive Economic and Trade Agreement has entered into force, providing expanded market access, tariff reduction and trade facilitation. India receives zero-duty access for nearly all exports to the UK, while UK products entering India receive duty-free or reduced-tariff treatment. The framework covers goods including textiles, leather, engineering products, food, cosmetics, alcoholic beverages and premium cars. A bilateral social security agreement has also been operationalised to support wider commercial engagement.
    July 15, 2026
    Show AI Summary
    Data governance expectations propose stronger lifecycle controls, quality standards, accountability and third-party data-sharing safeguards for regulated financial entities.
    Draft regulatory guidance on data governance proposes expectations for regulated financial entities to maintain data that is accurate, consistent, secure and fit for purpose. The framework addresses data-governance arrangements, defined roles, data architecture, metadata and data lineage, data quality, and third-party data-sharing arrangements. It applies to specified banking entities, financial institutions, non-banking financial companies, asset reconstruction companies and credit information companies, and invites stakeholder feedback on the proposed framework.
    July 15, 2026
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    Semiconductor and mobile manufacturing incentives support domestic production, component sourcing, design investment, exports and resilient electronics supply chains.
    Semicon 2.0 and the Mobile Phone Manufacturing Scheme provide manufacturing support to expand domestic electronics production, exports and local value addition. Semicon 2.0 covers chip design, equipment and materials, fabrication, advanced packaging and testing, research, and talent development, while supporting semiconductor intellectual property and critical-component manufacturing. The mobile-phone scheme provides production-linked incentives linked to eligible sales, with additional support for domestic component sourcing and Indian investment in product design and research. The measures seek to reduce import dependence and strengthen domestic critical-technology capabilities.

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      PMLA / Black Money

      HIGHLIGHTS

      April 16, 2025

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      New Delhi, Apr 16 (PTI) Following are the top stories at 5 pm: NATION DEL17 CONG-ED-NATIONAL HERALD

      Will not be cowed down by such threats: Cong on ED chargesheet in National Herald case New Delhi: The Congress on Wednesday claimed that the ED chargesheet against Sonia Gandhi and Rahul Gandhi in the National Herald case only shows the panic and moral bankruptcy of the government, and said it will not be cowed down by such threats.

      DEL18 ED-LD VADRA

      Land deal linked money laundering case: ED questions Robert Vadra on day 2 New Delhi: Robert Vadra, the businessman brother-in-law of Leader of Opposition in Lok Sabha Rahul Gandhi, was questioned by the Enforcement Directorate on the second straight day on Wednesday in a 2008 Haryana land deal linked money laundering case.

      DEL19 NCW-MURSHIDABAD-VIOLENCE

      Murshidabad violence: NCW forms panel to probe 'molestation' of women, chairperson to visit affected areas New Delhi: The National Commission for Women (NCW) has constituted an inquiry committee to investigate alleged molestation and displacement of women during the recent communal violence in Murshidabad district of West Bengal, an official statement said on Wednesday.

      DEL23 KHARGE-ED-NATIONAL HERALD

      Despotic govt hell-bent on targeting Congress to whitewash its own sins: Kharge New Delhi: Congress president Mallikarjun Kharge on Wednesday hit out at the government after the ED chargesheet against Sonia Gandhi and Rahul Gandhi in the National Herald case, saying the "despotic" government is hell-bent on targeting the Congress to whitewash its own "sins".

      DEL24 VADRA-ED-POLITICS

      Targeted for being part of Gandhi family, will soon join politics: Robert Vadra New Delhi: Robert Vadra, businessman and brother-in-law of Leader of Opposition in Lok Sabha Rahul Gandhi, on Wednesday claimed he is being targeted by probe agencies as he is part of the Gandhi family and that things would have been different had he been part of the BJP.

      DEL33 ED-MAHADEV-LD SEARCHES

      Mahadev app case: ED searches EaseMyTrip co-founder Pitti in fresh raids New Delhi: The Enforcement Directorate on Wednesday searched the premises of online travel booking portal EaseMyTrip's co-founder Nishant Pitti as part of fresh multi-state raids in the Mahadev online betting app linked money laundering case, officials said.

      BOM21 GJ-2ND LD RAHUL

      In battle of ideologies, only Cong can trump RSS-BJP: Rahul; kicks off party revamp in Gujarat Modasa (Gujarat): Admitting Congress cadres seem "demoralised" in Gujarat, where the party is out of power for long, Lok Sabha MP Rahul Gandhi on Wednesday said only his outfit can defeat RSS-BJP as he sought to position the fight against the saffron rivals as an ideological duel.

      BOM19 MH-LADKI BAHIN-AADITYA

      Ladki Bahin scheme 'more or less finished', claims Aaditya Thackeray Nashik: Shiv Sena (UBT) leader Aaditya Thackeray on Wednesday claimed the Maharashtra government's flagship Ladki Bahin scheme has "more or less ended" and the ruling dispensation was planning to remove lakhs of women from the beneficiary list.

      CAL20 WB-MAMATA-2ND LD VIOLENCE

      Mamata claims Murshidabad riots pre-planned, fuelled by BJP, BSF; urges PM to rein in Shah Kolkata: West Bengal Chief Minister Mamata Banerjee on Wednesday termed the recent communal violence in Murshidabad as "pre-planned" and accused a section of the BSF, central agencies under MHA, and the BJP of fanning tension by allegedly facilitating cross-border influx from Bangladesh.

      CAL23 AS-GAURAV

      Disturbing collapse of law and order in Assam, alleges Gaurav Gogoi Guwahati: Senior Congress leader Gaurav Gogoi on Wednesday alleged that Assam is witnessing a "disturbing collapse" of law and order, and has become a police state where "intimidation and miscarriage of justice have become the norm".

      MDS7 KA-CASTE CENSUS-SIDDARAMAIAH

      'Caste census': Karnataka govt will ensure no injustice happens to anyone, says Siddaramaiah Kalaburagi/Bengaluru: Amid growing opposition to the Socio-Economic and Education Survey report, popularly known as the 'caste census', from various sections of society, Karnataka Chief Minister Siddaramaiah on Wednesday assured that his government will not let any injustice happen to anyone.

      LEGAL LGD22 SC-LD URDU

      Urdu finest specimen of Ganga-Jamuni tahzeeb, we must rejoice in our diversity: SC New Delhi: Urdu is born in this land, the Supreme Court has said while describing it as the finest specimen of 'Ganga Jamuni tahzeeb' and stating that considering it a language of Muslims is a "pitiable digression" from reality and unity in diversity.

      LGD37 SC-LD CJI

      CJI Khanna recommends appointment of Justice Bhushan Ramkrishna Gavai as next CJI New Delhi: Chief Justice of India Sanjiv Khanna on Wednesday recommended to the Centre the name of Justice Bhushan Ramkrishna Gavai as the next CJI.

      LGD41 SC-LD WAQF ACT

      Waqf case: Would Muslims be part of Hindu trusts? SC asks Centre New Delhi: If Muslims would be allowed to be a part of Hindu religious trusts, the Supreme Court on Wednesday asked the Centre while hearing pleas challenging the constitutional validity of the Waqf (Amendment) Act, 2025.

      LGD46 SC-2ND LD WAQF ACT

      Properties declared waqf including 'waqf by user' won't be denotified, SC proposes New Delhi: The Supreme Court on Wednesday proposed to order that the properties declared as waqf including "waqf by user" won't be de-notified but the Centre opposed the suggestion and sought a hearing before such a directive.

      BUSINESS DCM80 BIZ-GOOGLE-ADS

      Google suspends 2.9 mn ad accounts in India, removes 247.4 mn ads New Delhi: Internet giant Google suspended 2.9 million advertisers' accounts in India and removed 247.4 million ads in 2024 for abusing its advertisement policy, the company said in a report on Wednesday.

      DCM59 AVI-DGCA-PILOT FITNESS

      DGCA may review framework for pilot fitness, other aspects New Delhi: Aviation regulator DGCA is likely to review the framework in place for pilot fitness aspects and response system at airports in case of medical emergencies, according to a senior official.

      FOREIGN FGN18 US-INDIAN-STUDENT-LAWSUIT

      Indian student, three others file lawsuit against possible deportation from US New York: An Indian was among four students at Michigan public universities who have filed a lawsuit against their possible deportation after their student immigration status was terminated "unlawfully".

      FGN21 US-CHINA-TARIFF

      China now faces up to 245% retaliatory tariff: White House Washington: China now faces tariffs up to 245 per cent on imports to the United States due to its retaliatory actions, the White House has said, as the trade war escalated between the world's two largest economies.

      FGN22 CHINA-TRADE-2NDLD NEGOTIATOR

      China appoints new international trade representative after Trump’s call to resolve tariff deadlock Beijing: China on Wednesday appointed a new top international negotiator after US President Donald Trump said the ball is in Beijing’s court to work out a deal to end the tariff deadlock even as he increased tariffs on Chinese exports to a whopping 245 per cent. By K J M Varma

      FES29 PAK-BALOCH-PROTESTS

      Pakistan: Baloch political party ends weeks-long sit-in Islamabad: An ethnic Baloch political party in Pakistan on Wednesday ended its 20-day-long sit-in in Balochistan province against the arrest of local activists, including their leader Mahrang Baloch. By Sajjad Hussain

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