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    PLI Schemes Attract Over ₹2.40 Lakh Crore Investment, Generate More Than 14.15 Lakh Jobs
    SC issues notice on Venugopal Dhoot's plea against order upholding separate insolvency for VIL, VOVL
    Russian Technology Leaders Visit AVPL Drone City to Foster Industrial Collaboration
    India’s 8th Trade Policy Review at WTO Scheduled on 21 and 23 July 2026
    India Becomes a Party to the WTO Agreement on Fisheries Subsidies by Depositing its Instrument of Acceptance
    FIRST PRESS RELEASE OF INDEX OF CORE INDUSTRIES OF NEW SERIES WITH BASE YEAR 2022-23
    Central Bureau of Narcotics (CBN) India thwarts illegal trafficking of 12 crore Tramadol Hydrochloride, a.k.a. “fighter drug” tablets under “Ope...
    Trump imposes 50 per cent tariffs on Canadian goods, citing disputes over autos, alcohol and cheese
    Rupee falls 6 paise to close 96.36 against US dollar
    India gets USD 20.72 bn forex inflows under swap facility since Jun: RBI
    J'khand aiming to increase GI-tagged products to 25, Atthe Mutton among those in pipeline: official
    Sensex declines by 443 pts on heavy selling in HDFC Bank, Axis Bank
    Strengthening Customer Grievance Redress: The Role of the Internal Ombudsman - Keynote address by Shri Swaminathan J, Deputy Governor at the Internal ...
    Nearly 55.49 Crore Users Onboarded on UPI as in June 2026
    Government and RBI Strengthen Fintech Ecosystem with Enhanced Regulatory Frameworks & Consumer Protection Actions
    SC gives Parsvnath Developers one week to deposit dues to homebuyers, warns next step is jail
    Rupee fell 14 paise to close 96.44 against US dollar
    SC to direct CBSE to implement Orissa HC verdict on APAAR consent forms across country
    APEDA Facilitates First Export of 24 MT Frozen French Fries from Uttarakhand to Iraq
    Fourth Edition of National Conference on Responsible Business Conduct (NCRBC) 2026 Concludes in New Delhi
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    July 21, 2026
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    Production Linked Incentive Schemes strengthen domestic manufacturing through investment support, export growth, employment generation, monitoring and eligibility reforms.
    Production Linked Incentive Schemes for 14 sectors promote domestic manufacturing, investment, exports, employment and global competitiveness. Overall coordination and monitoring rests with the Department for Promotion of Industry and Internal Trade, while sector-specific implementation is undertaken by the relevant ministries and departments. Implementation is periodically reviewed, with scheme modifications, rationalised guidelines, relaxation of specified eligibility conditions, project monitoring, stakeholder consultation and inter-ministerial issue resolution used to improve uptake and strengthen domestic manufacturing ecosystems.
    July 21, 2026
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    Separate corporate insolvency processes remain contested over foreign asset treatment, specialised resolution needs, and creditors' commercial decision-making.
    Separate corporate insolvency resolution processes for VIL and VOVL are disputed following reversal of an earlier consolidation direction. Independent processes were preferred because the entities operate in distinct sectors and may require specialised resolution, while creditors' choice was treated as commercial wisdom not ordinarily open to tribunal interference. The dispute also concerns whether foreign oil and gas assets should be treated as VIL assets, against the background of VIL's conversion from co-obligor to corporate guarantor to ring-fence those assets from domestic business liabilities.
    July 21, 2026
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    Drone technology collaboration promotes joint manufacturing, technology transfer, rural entrepreneurship and global market access through an integrated industrial ecosystem.
    India-Russia industrial collaboration in drone technology is proposed through engagement on technology transfer, joint manufacturing, research collaboration, investment, exports and global market access. Drone City is presented as an integrated ecosystem covering manufacturing, research and development, testing, certification support, skill development, incubation, warehousing, startup acceleration and international technology partnerships. Its expansion and panchayat-level entrepreneurship programme are expected to create rural drone enterprises and employment in manufacturing, component production, quality control, maintenance, logistics and technical support.
    July 21, 2026
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    WTO trade policy review will assess India's trade measures, transparency framework, reforms, and responses to member questions.
    India's eighth Trade Policy Review under the World Trade Organization framework examines its trade policies and developments during the 2021-2025 review period. The process uses a Government Report and a Secretariat Report and provides a comprehensive peer examination of border and behind-the-border trade measures to promote transparency, predictability and understanding. The review addresses trade agreements, Goods and Services Tax rationalisation, digital trade-facilitation measures, and Member questions on digitisation, MSMEs, women's economic participation, Viksit Bharat and the Atmanirbhar Bharat Abhiyan.
    July 21, 2026
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    Fisheries subsidy disciplines promote sustainable marine resource use while excluding aquaculture and inland fisheries from their scope.
    The WTO Agreement on Fisheries Subsidies disciplines subsidies concerning marine wild-capture fishing and fishing-related activities at sea. It prohibits subsidies linked to illegal, unreported and unregulated fishing and fishing of overfished stocks, promoting conservation and sustainable use of marine resources. Aquaculture and inland fisheries remain outside its scope. India's fisheries management framework is identified as supporting implementation while preserving policy space and safeguarding the interests of traditional and small-scale fishers.
    July 21, 2026
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    Revised Index of Core Industries adopts a new base year, adds iron ore, and revises sector measurement methodology.
    The revised Index of Core Industries series adopts 2022-23 as its base year, replaces the former series and expands coverage to nine industries by including iron ore. Steel is measured using gross production data, while only raw coal is retained to avoid double counting. Weights are derived from the corresponding Index of Industrial Production series and normalised to 100. A geometric-mean linking methodology connects the former and revised series. June 2026 provisional estimates show overall year-on-year ICI growth, led principally by iron ore and electricity.
    July 21, 2026
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    Risk-based export controls exposed alleged pharmaceutical diversion, prompting NDPS enforcement against transnational illicit opioid trafficking networks.
    Risk-based export controls and intelligence-led enforcement under the NDPS Act, 1985 addressed an alleged attempt to divert an export consignment of high-strength Tramadol Hydrochloride tablets into illicit international channels. Enquiries with the International Narcotics Control Board and competent authorities indicated that the declared destination had been misrepresented. The action involved seizure of the consignment and arrests of persons alleged to be connected with the export arrangement and conspiracy. The operation emphasises risk-based profiling, export-control scrutiny, intelligence sharing, and international coordination against pharmaceutical diversion and transnational drug trafficking.
    July 21, 2026
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    Trade tariffs on Canadian goods target alleged discrimination against American automobiles, alcohol and dairy products under trade law.
    United States trade action imposes tariffs on most Canadian goods, citing alleged discriminatory treatment of American automobiles, alcoholic beverages and dairy products. The measures apply to goods previously protected under the United States-Mexico-Canada Agreement, subject to exclusions for energy products, potash, fish and critical minerals. The stated grounds include Canadian retaliatory tariffs, restrictions on American alcohol sales, treatment of dairy imports, and tariffs on certain United States motor vehicles outside preferential trade treatment.
    July 20, 2026
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    Foreign exchange market movement saw rupee depreciation amid geopolitical risk, higher crude prices, stronger dollar conditions and equity outflows.
    Foreign exchange market movement saw the rupee depreciate by 6 paise to close at 96.36 against the US dollar, amid global risk aversion, higher crude oil prices, escalating US-Iran tensions and rising US Treasury yields. Market commentary indicated that anticipated Reserve Bank of India intervention could limit further downside. The report also noted a stronger dollar index, domestic equity-market declines, foreign institutional equity outflows, and an increase in India's foreign exchange reserves.
    July 20, 2026
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    Concessional foreign-exchange swaps incentivise fresh FCNR(B) deposits and foreign borrowings to strengthen balance-of-payments liquidity.
    The concessional foreign-exchange swap facility incentivises fresh FCNR(B) deposits, overseas foreign-currency borrowings and external commercial borrowings to strengthen the balance of payments and support foreign-exchange liquidity. Its availability is time-limited, with FCNR(B) deposits eligible until September 2026 and OFCB and ECB inflows eligible until December 2026. Reported inflows were primarily mobilised through FCNR(B) deposits.
    July 20, 2026
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    Geographical indication recognition protects traditional product identity while supporting rural entrepreneurship, quality maintenance, digital access and artisan market opportunities.
    Geographical Indication recognition is being pursued for additional traditional products from Jharkhand to protect product identity and expand protected regional products. GI recognition supports cultural heritage, rural entrepreneurship and market access for artisans and primary producers. Post-registration measures emphasise product-quality maintenance and digital e-commerce access, alongside skill development, marketing initiatives, rural haats and support for non-farm sectors.
    July 20, 2026
    Show AI Summary
    Banking sector earnings concerns and geopolitical tensions pressured benchmark equities, while broader markets and selected defensive sectors gained.
    Indian benchmark equity indices declined following heavy selling in major private-sector banking shares amid concerns over weaker net interest margins and quarterly earnings. Banking and financial sector indices were the principal laggards. Renewed United States-Iran tensions, crude-oil concerns, global market weakness and reported foreign institutional investor equity sales added to investor caution. Broader domestic market indices nevertheless closed higher, with selected defensive and infrastructure-linked sectors recording gains.
    July 20, 2026
    Show AI Summary
    Internal Ombudsman independence strengthens fair customer grievance resolution, prevents escalation, and drives institutional learning from recurring complaint patterns.
    Internal Ombudsmen should independently review qualifying customer grievances to ensure fair, reasonable and timely internal resolution rather than mechanically affirming earlier decisions. Regulated entities should prevent eligible complaints from bypassing Internal Ombudsman review and should assess redress by the quality, transparency and fairness of outcomes, not merely complaint closure. Complaint patterns should be used for root cause analysis and institutional improvements, with Boards and senior management empowering Internal Ombudsmen and treating complaint trends as early-warning information. Technology may support analytics and faster processes but cannot replace judgment, empathy and impartiality.
    July 20, 2026
    Show AI Summary
    UPI security framework mandates advanced controls, alongside risk-based limits and authentication safeguards to strengthen payment ecosystem resilience.
    Unified Payments Interface is an NPCI-operated payment system authorised under the Payment and Settlement Systems Act, 2007. Cross-border UPI arrangements facilitate person-to-person remittances and person-to-merchant payments through partner institutions in multiple countries. Security measures include risk-based transaction limits, safeguards against unauthorised mobile-number changes and misuse of SMS-based authentication, and enhanced application-security requirements. The Comprehensive UPI Information Security Framework 2025 and Mobile Application Security Framework mandate advanced controls to strengthen UPI ecosystem safety and resilience.
    July 20, 2026
    Show AI Summary
    Fintech consumer protection strengthens payment security, data safeguards, innovation testing, fraud monitoring, cybercrime reporting, and public awareness mechanisms.
    Fintech regulation and consumer protection are being strengthened through self-regulatory standards, digital payment security controls, personal-data safeguards, regulatory sandbox testing, and cyber-fraud reporting mechanisms. The FinTech self-regulatory organisation framework promotes ethical conduct, market integrity, dispute resolution, transparency, and accountability. Banks must maintain minimum security controls for payment channels, supported by AI and machine-learning fraud monitoring for UPI transactions. Citizens may report cyber incidents and illegal loan apps through designated reporting channels, alongside awareness initiatives on fraud prevention and risk mitigation.
    July 20, 2026
    Show AI Summary
    Homebuyer order enforcement requires developer to deposit recoverable dues with interest, with imprisonment warned for continued non-compliance.
    Final homebuyer compensation and possession-related directions were enforced by requiring the developer and its officials to deposit the entire recoverable amount with annual interest in the court registry within one week. Existing asset freezes were to continue, and continued non-compliance could lead to imprisonment. The purchasers had obtained final regulatory compensation directions, but execution proceedings, notices and warrants had not resulted in payment or possession. Third-party rights and transfer of possession were restrained pending compliance.
    July 20, 2026
    Show AI Summary
    Foreign-exchange market pressure weakened the rupee as crude prices, geopolitical risk and dollar strength increased, with intervention offering support.
    Foreign-exchange market movement saw the rupee depreciate against the US dollar amid global risk aversion, higher crude oil prices, geopolitical tensions, and rising US Treasury yields. Reserve Bank of India intervention was identified as a potential support mechanism capable of limiting downside pressure. Higher dollar-index levels, domestic equity-market movements, foreign institutional equity outflows, and an increase in India's foreign-exchange reserves were also noted as relevant market conditions.
    July 20, 2026
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    Parental consent in APAAR enrolment requires a genuine opt-out option and compliance with personal data protection safeguards.
    APAAR consent procedures were questioned because a scheme described as voluntary may effectively require Aadhaar enrolment and condition educational access on an academic identifier. The Orissa High Court direction required the model consent form to give parents an express option to refuse consent or opt out before enrolment. Concerns included informed parental consent, withdrawal of consent, long-term storage of children's educational records and privacy protections. Educational circulars remain subject to the Digital Personal Data Protection Act, and any data-processing framework must comply with applicable consent requirements.
    July 20, 2026
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    Agricultural export facilitation supports frozen potato product market access through trade promotion and state logistics assistance for exporters.
    Agricultural export facilitation supported the first export of frozen French fries from Uttarakhand to Iraq, promoting value-added agricultural exports and processed food market access. APEDA assisted the exporter through international trade exhibitions for buyer engagement and market outreach. Logistics costs affecting landlocked-state exports are being addressed through work on a State Agri Export Policy, including transport assistance provisions to improve competitiveness, strengthen export infrastructure and support participation in export-oriented agricultural supply chains.
    July 20, 2026
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    Responsible business conduct requires credible ESG disclosures, sector-specific reporting, supply-chain due diligence and inclusive MSME participation for sustainable development.
    Responsible business conduct and ESG integration were presented as constitutional and legal obligations connected with environmental protection, social equity, human dignity and sustainable development. ESG was discussed as extending beyond compliance to support resilience, risk management and sustainable innovation. Key priorities included credible, comparable and reliable disclosures; sector-specific reporting responsive to materiality and data gaps; responsible value-chain due diligence; MSME capacity-building; technology-enabled traceability; credible assurance; and rigorous, comparable environmental metrics. Capacity-building, policy research and partnerships were identified as important to advancing inclusive ESG adoption.

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      From Buenos Aires to Rome: Key dates in life of Pope Francis

      April 21, 2025

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      Vatican City, Apr 21 (AP) Key events in the life of Jorge Mario Bergoglio, who became Pope Francis and died on Monday: December 17, 1936: Jorge Mario Bergoglio is born in Buenos Aires, Argentina, the eldest of five children to Mario Jose Bergoglio, an accountant from Italy, and Regina María Sívori, the daughter of Italian immigrants.

      December 13, 1969: Ordained a priest with the Jesuit religious order, which he would lead as Argentina provincial superior during the country's murderous dictatorship that began in the 1970s.

      May 20, 1992: Named auxiliary bishop of Buenos Aires and in 1998 succeeds Cardinal Antonio Quarracino as archbishop of the Argentine capital.

      February 21, 2001: Elevated to cardinal by St. John Paul II.

      May 2007: Helps draft the final document of the fifth meeting of the Latin American bishops conference in Aparecida, Brazil, synthesising what would eventually become his concerns as pope for the poor, Indigenous peoples and the environment and the need for a missionary church.

      March 13, 2013: Elected 266th pope, the first from the Americas, the first Jesuit and the first to take the name of Francis, after St. Francis of Assisi.

      April 13, 2013: Creates a kitchen cabinet of eight cardinals from around the globe to help him govern the church and reorganize its bureaucracy.

      May 12, 2013: Canonizes the “Martyrs of Otranto”, 813 Italians slain in 1480 for defying demands by Turkish invaders to convert to Islam. With one ceremony, Francis nearly doubled the 480 saints made by St. John Paul II over his quarter-century pontificate, which at the time was more than all his predecessors combined for 500 years.

      July 8, 2013: Makes first trip outside Rome to the Sicilian island of Lampedusa to meet with newly arrived migrants and denounces the “globalisation of indifference” shown to would-be refugees.

      July 30, 2013: Declares “Who am I to judge?” when asked about a gay priest during a news conference, signalling a more welcoming stance toward LGBTQ+ community.

      November 26, 2013: Issues mission statement for his papacy in Evangelii Gaudium, (“The Joy of the Gospel”), denouncing the world financial system that excludes the poor and declaring the Eucharist is “not a prize for the perfect but a powerful medicine and nourishment for the weak”.

      May 25, 2014: Makes an unscheduled stop to pray at wall separating Israel from West Bank town of Bethlehem, in a show of support for the Palestinian cause.

      June 8, 2014: Hosts Israeli and Palestinian presidents for peace prayers in the Vatican gardens.

      March 20, 2015: Accepts the resignation of the “rights and privileges” of Scottish Cardinal Keith O'Brien after adult men accuse him of sexual misconduct.

      June 18, 2015: Issues his environmental manifesto “Laudato Si” (“Praised Be”), calling for a cultural revolution to correct the “structurally perverse” global economic system that exploits the poor and has turned Earth into “an immense pile of filth".

      July 10, 2015: Apologises in Bolivia for the sins and crimes of the Catholic Church against Indigenous peoples during the colonial-era conquest of the Americas.

      September 8, 2015: Overhauls the annulment process to make it faster, cheaper and simpler so divorced Catholics can remarry in the church.

      September 24, 2015: Challenges Congress to rediscover America's ideals by acting on climate change, immigration and poverty reduction in the first speech by a pope at the US Capitol.

      November 29, 2015: Inaugurates the Jubilee of Mercy by opening the Holy Door of the cathedral in Bangui, Central African Republic, rather than at the Vatican.

      Febrruary 12, 2016: Meets Russian Orthodox Patriarch Kirill during a stopover in Havana and declares “We are brothers,” in first such meeting between a pope and patriarch in over 1,000 years.

      February 18, 2016: Prays for dead migrants at the US-Mexico border, later says then-presidential candidate Donald Trump is “not a Christian” for wanting to build a border wall.

      April 8, 2016: Opens the way to letting divorced and civilly remarried Catholics receive Communion in a footnote to the document “Amoris Laetitia” (“The Joy of Love”).

      April 16, 2016: Visits a refugee camp in Lesbos, Greece, and brings 12 Syrian Muslims to Rome aboard his papal plane in an appeal for solidarity toward migrants.

      September 19, 2016: Is questioned in a letter by four conservative cardinals seeking clarification of his opening to divorced and remarried Catholics.

      December 1, 2017: Declares at a meeting in Bangladesh with Myanmar Rohingya refugees that, “The presence of God today is also called Rohingya.” January 19, 2018: Accuses sex abuse victims of slander during a visit to Chile, further undermining Catholic Church's credibility. Subsequently orders a Vatican investigation into Chile's abuse crisis.

      April 12, 2018: Admits to “grave errors” in judgment in Chile's sex abuse scandal. Later summons Chilean bishops to Rome to secure their resignations and invites abuse victims to Vatican to apologize.

      August 3, 2018: Declares capital punishment “inadmissible” under all circumstances in a change to official church teaching.

      July 28, 2018: Accepts the resignation of Cardinal Theodore McCarrick from the College of Cardinals, orders him to penance and prayer pending an investigation into allegations of sexual misconduct with minors and adults.

      August 26, 2018: Retired Vatican ambassador Archbishop Carlo Maria Vigano publishes bombshell accusation claiming US and Vatican officials for two decades covered up McCarrick's sexual misconduct, demands Francis resign.

      September 22, 2018: Vatican and China sign landmark agreement over bishop nominations.

      October 14, 2018: Canonizes slain Salvadoran Archbishop Óscar Romero after his saint-making process was held up for decades by conservative cardinals.

      February 4, 2019: Signs the “Human Fraternity” document with the imam of Al Azhar, establishing collaborative relations between Catholics and Muslims.

      February 16, 2019: Defrocks McCarrick after Vatican investigation finds he sexually abused minors and adults.

      February 21, 2019: Opens first Vatican summit on child protection, warns bishops the faithful demand action, not just condemnation of clergy sexual abuse.

      May 9, 2019: Issues new church law requiring clergy sex abuse to be reported in-house, although not to police; establishes procedures for investigating accused bishops, cardinals and religious superiors.

      October 25, 2019: Apologizes to Amazonian bishops, tribal leaders after conservative activists steal Indigenous statues from Vatican-area church and throw them into Tiber River in show of opposition to the pope.

      November 24, 2019: Declares the use and possession of nuclear weapons “immoral” during a visit to Hiroshima and Nagasaki, Japan.

      December 17, 2019: Abolishes use of “pontifical secret” in clergy sex abuse cases, allowing bishops to share internal documentation about abusers with law enforcement.

      February 12, 2020: Declines to approve ordination of married men as priests after appeals from Amazonian bishops, sidestepping issue in document “Querida Amazonia” (“Beloved Amazon”).

      March 27, 2020: Delivers solitary evening prayer to the world facing the coronavirus pandemic from the promenade of St. Peter's Square.

      October 4, 2020: Issues encyclical “Fratelli Tutti” (“Brothers All,”), arguing the pandemic proves theories of market capitalism failed and a new type of politics is needed to promote human fraternity.

      November 10, 2020: Vatican report into McCarrick finds Vatican, U.S. bishops, cardinals and popes played down or dismissed reports of sexual misconduct but spares Francis.

      March 5-8, 2021: Becomes first pope to visit Iraq, meeting with its top Shiite Muslim cleric.

      July 4, 2021: Undergoes intestinal surgery at Rome's Gemelli hospital, has 33 centimeters (13 inches) of colon removed.

      January 5, 2023: Presides at funeral Mass for Pope Benedict XVI.

      January 24, 2023: Declares in an Associated Press interview that “Being homosexual is not a crime.” March 29, 2023: Is admitted to Rome's Gemelli hospital for respiratory infection; is released April 1.

      June 7, 2023: Undergoes surgery to remove intestinal scar tissue and repair a hernia in the abdominal wall.

      October 4, 2023: Opens a synod on making the church more responsive to ordinary faithful during which women are allowed to vote alongside bishops for the first time.

      November 28, 2023: Cancels visit to Dubai to address UN climate conference and outline a new ecological manifesto “Laudate Deum” ("Praise God") because of a new case of acute bronchitis.

      December 16, 2023: Vatican tribunal convicts Cardinal Angelo Becciu of embezzlement and sentences him to 5½ years in prison in one of several verdicts in a complicated financial trial that aired the city state's dirty laundry and tested its justice system.

      December 19, 2023: Approves blessings for same-sex couples provided they don't resemble marriage, sparking fierce opposition from conservative bishops in Africa, Asia and elsewhere.

      July 5, 2024: Vatican excommunicates leading Francis critic Archbishop Carlo Maria Vigano for schism.

      September 10, 2024: Some 600,000 people, half of East Timor's population, attend Francis' Mass in Dili in what is believed to be the biggest turnout for a papal event in terms of the proportion of the population.

      December 26, 2024: Opens the holy door of Rome's Rebibbia prison, two days after formally inaugurating the 2025 Jubilee.

      January 16, 2025: Appears wearing a sling after a fall that bruised his right arm, just weeks after another apparent fall bruised his chin.

      February 14, 2025: Is hospitalized after a bout of bronchitis worsens and then develops into a complex lung infection and double pneumonia.

      February 28, 2025: His doctors briefly consider suspending treatment after a breathing crisis but decides instead on an aggressive course that risks organ damage.

      March 13, 2025: Marks the 12th anniversary of his election as pope while hospitalised.

      March 23, 2025: Is released from the hospital after 38 days of treatment but looked weak and frail earlier that day when appearing on a balcony to greet the crowd below.

      April 17, 2025: Still recovering from double pneumonia, Francis keeps his Holy Thursday tradition of spending time with the least fortunate, visiting inmates at Rome's Regina Caeli prison.

      Although he says he couldn't perform the ritual of washing the feet of 12 people in a gesture of humility, he adds he wanted to be with them and “do what Jesus did on Holy Thursday”. (AP) PY PY

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