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    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
    World shares are mixed and oil prices fall, markets in Asia skid in sell-off of AI-related shares
    Sitharaman ask I-T officials to go after tax evaders, ensure convenience for honest taxpayers
    HIGHLIGHTS
    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
    Glomo Secures Visa's Principal Membership, Becomes India's First Non-Bank Acquirer to Join the Network
    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
    Rupee recovers 18 paise to settle at 96.55 against US dollar
    Infosys: AI Revenues at 8.2% in Q1; Resilient Operating Margin of 21.1%
    Shares skid in Asia in sell-off of AI-related shares as Brent oil trades near $100 per barrel
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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.
    A money-laundering investigation alleges misappropriation through fictitious expense entries, unsupported vouchers, and inflated vendor invoices used to withdraw funds in cash. The Enforcement Directorate further alleges that payments described as software or IT consultancy expenses were made to Exalogic Solutions Pvt Ltd and Veena T without services or deliverables. The report cites statements concerning the alleged sham payments, Exalogic's dependence on company funds, and subsequent transfers from its account. The PMLA case is based on a prosecution complaint concerning suspected financial irregularities.
    July 25, 2026
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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.
    July 24, 2026
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    Trade Practice Investigation: Tech-company antitrust fines prompt proposed tariffs and trade sanctions under federal trade law mechanisms.
    A formal investigation into alleged unfair trade practices has been announced in response to European regulatory fines imposed on major United States technology companies. The stated concern is that digital antitrust penalties are unfairly directed at United States businesses, with possible tariffs on European Union imports indicated. The proposed response is linked to Section 301 of the Trade Act of 1974, permitting import taxes and other sanctions against unjustifiable, unreasonable or discriminatory trade practices.
    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.
    Fresh tariffs on imports, rising energy prices and Middle East conflict are identified as concurrent pressures on global financial markets. The tariff measures apply to nearly all imports into the United States and are paid by importing companies, which typically pass the additional costs to consumers. Higher energy costs and tariffs may increase inflationary pressure, reduce household discretionary spending and affect corporate profitability, while influencing monetary-policy expectations. Investors also questioned whether substantial artificial-intelligence investment can support technology-sector valuations.
    July 24, 2026
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    Responsive tax governance promotes taxpayer convenience, correction of bona fide errors, tax certainty, prompt refunds and prevention of avoidable litigation.
    Responsive tax governance requires convenience for honest taxpayers, correction of bona fide errors and firm consequences for deliberate tax evasion. The Income Tax Act, 2025 is intended to simplify the legal framework, reduce uncertainty and lower compliance costs, supported by stronger electronic filing infrastructure and prompt refund processing. Tax certainty should promote voluntary compliance and shift the focus from litigation management to litigation prevention through consistent guidance, simplified procedures, technology, standardised processes, effective grievance resolution and reduction of recurring taxpayer difficulties.
    July 24, 2026
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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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    Foreign exchange market stabilisation supported rupee recovery as investor outflows, geopolitical tensions and elevated crude prices maintained currency pressure.
    Foreign exchange market conditions saw the rupee recover against the US dollar amid reports of Reserve Bank of India intervention and dollar sales by public-sector banks to limit further depreciation. Foreign institutional investor outflows, weak domestic equity sentiment, geopolitical tensions, and elevated crude oil prices continued to pressure the currency. A decline in crude prices, diplomatic engagement, and central-bank intervention were identified as potential stabilising factors.
    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.
    July 24, 2026
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    One District One Product strengthens district product branding, market access, food-processing support and export-oriented value chains.
    The One District One Product initiative supports district-identified products through branding, market access, exhibitions, capacity building and Government e-Marketplace onboarding. States and Union Territories select products and may leverage Central and State schemes, as no district-specific allocation is made. PM Ekta Malls and the PMFME Scheme support sales, food-processing projects, common infrastructure, branding, packaging, quality standardisation and food-safety compliance. Districts as Export Hubs promotes export-potential products through export committees, action plans and value-chain coordination.
    July 24, 2026
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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.
    July 24, 2026
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    Free trade agreement negotiations advance as India and Israel address market access, origin rules, customs facilitation and economic cooperation.
    India and Israel completed the second round of negotiations for a proposed Free Trade Agreement under the Terms of Reference signed in November 2025. Technical discussions covered trade in goods and services, rules of origin, sanitary and phytosanitary measures, technical barriers to trade, intellectual property rights, customs procedures, trade facilitation and economic cooperation. Both sides sought to narrow gaps, identify areas of convergence and work towards early conclusion of a balanced, comprehensive and mutually beneficial agreement.
    July 24, 2026
    Show AI Summary
    Direct card acquiring enables cross-border merchants to manage payment processing, settlement, risk monitoring and disputes without intermediary acquirers.
    Visa Principal Membership enables Glomo to operate as a direct non-bank acquirer for Visa-powered merchant card payments through GIFT IFSC. It allows direct management of merchant acquisition, processing, settlement, transaction approval optimisation, fraud and risk monitoring, and dispute and chargeback handling without intermediary acquirers. The arrangement is intended to accelerate onboarding and processing, enhance control over risk policies and merchant experience, and support cross-border acceptance and settlement, including management of multiple currencies, banking systems and regulatory requirements.
    July 24, 2026
    Show AI Summary
    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.
    Affordable Boult earbuds are described as offering extended battery life, fast charging, dynamic drivers, low-latency gaming modes, Environmental Noise Cancellation, Bluetooth connectivity, and selected active noise-cancellation features. Models are compared by audio, calling, gaming, and charging specifications. Purchases through partner stores may be financed through an Easy EMI Loan or Insta EMI Card, subject to in-store application and approval, with instalment tenures and possible zero-down-payment offers on selected models.
    July 24, 2026
    Show AI Summary
    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.
    July 24, 2026
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    Foreign-exchange market intervention supported rupee stabilisation amid investor outflows, weak equities, geopolitical tensions and elevated crude oil prices.
    Foreign-exchange market conditions supported a rupee recovery against the US dollar following reported Reserve Bank of India intervention and dollar sales by public-sector banks. Pressure on the currency persisted due to foreign institutional investor outflows, weak domestic equity sentiment, geopolitical tensions and elevated crude oil prices. Lower crude prices, a weaker dollar index and further central bank intervention were identified as potential stabilising influences.
    July 24, 2026
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    Forward-looking statements receive safe-harbor qualification amid reported IFRS performance, AI-led transformation initiatives, and revised revenue-growth guidance.
    Infosys reported first-quarter IFRS financial performance, including revenue growth, operating margin, earnings per share, free cash flow, and large-deal contract value, while revising revenue-growth guidance and retaining operating-margin guidance. The release describes AI-led enterprise transformation, cloud modernization, digital banking, financial-crime operations, and technology services engagements. Forward-looking statements are subject to safe-harbor protection and may differ materially because of business, talent, economic, technological, regulatory, cybersecurity, litigation, investigation, and tariff-related risks.
    July 24, 2026
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    Forced-labour import enforcement drives new tariffs as expiring stopgap levies and market uncertainty heighten trade-compliance concerns.
    Import tariffs were announced on goods from trading partners said not to have fully enforced prohibitions on products made with forced labour. The measures apply to imports from 60 trading partners representing most United States imports and were introduced as existing stopgap levies approached expiry, following a Supreme Court setback affecting other tariff measures. The announcement occurred amid market uncertainty linked to energy-route disruptions, rising crude-oil prices, inflation concerns, and scrutiny of artificial-intelligence investment spending.

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      La Excellence IAS Academy Celebrates Unprecedented Success with 78+ Rankers in UPSC 2024 , Highest in South India

      April 23, 2025

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      Hyderabad (Telangana) [India], April 22: La Excellence IAS Academy, one of India’s premier coaching institutions for civil services aspirants, has once again proven its excellence with outstanding results in the UPSC 2024 Civil Services Examination. The academy is proud to announce that it has produced over 78+ students with coveted All India Ranks (AIR) in this year’s examination, continuing its legacy of success and academic excellence.

      Founded in 2009 by Dr. Rambabu Paladugu, Mr. Narendranath (IFS), and Dr. Chandra Shekhar (IRS), La Excellence initially started as “Let’s Unite for Excellence (LUFE)” in Delhi before expanding to Hyderabad and then further to Bangalore. Over the years, the academy has consistently helped thousands of aspirants achieve their dream of entering prestigious services like IAS, IFS, IPS, and other central services.

      The academy’s top-performing students for UPSC 2024 have made waves across the country, with several securing top positions, demonstrating the institution's commitment to providing high-quality education and guidance. La Excellence’s carefully structured programs, which include regular mock tests, personalized mentoring, and in-depth subject material, have been crucial in helping students navigate the demanding path to the Indian Administrative Service.

      Dr. Rambabu Paladugu, Chairman of La Excellence IAS Academy, expressed his delight at the academy's remarkable performance. “This achievement is the culmination of relentless effort, discipline, and the dedication of both our students and faculty members. La Excellence stands as a beacon of hope for those pursuing their civil services dreams. We have always focused on providing comprehensive, personalized training, and our success in the UPSC 2024 results reaffirms the effectiveness of our approach,” he said.

      Dr. Paladugu also took a moment to congratulate all the successful candidates, emphasizing that La Excellence's commitment to innovation and quality education will continue to play a vital role in shaping the future of India’s civil services. “We are immensely proud of our students who have successfully cracked the UPSC exams. Their achievements reflect the hard work and passion they’ve shown, and we will continue to provide them with every tool they need for future success,” he added Ram Mohan, the Academic Director of La Excellence IAS Academy, shared his thoughts on the academy’s success in the UPSC 2024 results. “The journey to UPSC success is not easy, but with the right guidance, tools, and mentorship, our students have proved that excellence is achievable. Our faculty works tirelessly to ensure that each student is equipped with not just academic knowledge, but also the strategic mindset needed to succeed. We are proud of our students’ achievements and remain committed to refining our approach to provide even more tailored support for the future aspirants. La Excellence's consistent success is a reflection of our commitment to academic integrity and the relentless pursuit of excellence,” he said.

      Several successful students shared their experiences of their UPSC journey at La Excellence: • Raj Krishna Jha AIR 8: "The Interview Guidance Program (IGP) at La Excellence was a key factor in my success. The personalized mentorship allowed me to pinpoint my strengths and use them effectively during the interview, making all the difference." • Banna Venkatesh AIR 15: "The thorough study material and regular test series offered by La Excellence were essential in keeping me on track throughout my preparation. The academy's continuous support provided the structure I needed for my UPSC journey. The ecosystem La Excellence has built for UPSC preparation is unmatched." • Sravan Kumar Reddy AIR 62: "After several attempts at UPSC, I found the General Studies coaching at La Excellence to be transformative. With Ram Mohan's expert guidance and a focused, personalized approach, I was able to sharpen my skills and significantly improve my performance." A Comprehensive Approach to UPSC Preparation La Excellence offers a range of specialized courses that cater to the unique needs of every aspirant. Among their flagship offerings is the Prelims Cum Mains (PCM) Foundation Course, which integrates both stages of the examination, the Rapid Revision Programs (RRP) for last-minute preparation, and Interview Guidance Programs (IGP) that offer personalized mock interviews and feedback from experienced faculty.

      The academy’s state-of-the-art infrastructure ensures that students have access to an environment conducive to focused study. Spacious classrooms, a 24/7 study hall, well-equipped libraries, and advanced technology make La Excellence a preferred choice for civil services aspirants. Additionally, the Degree + IAS Program integrates academic education with IAS preparation, offering students a well-rounded approach to their education.

      Looking Ahead: Building Future Leaders With its unwavering commitment to quality, La Excellence continues to evolve, ensuring that every student receives not only the academic preparation but also the emotional and psychological support necessary for success in the UPSC examination. The academy's expert faculty, student-centric approach, and innovative programs make it the first choice for students across India who dream of entering the civil services.

      As La Excellence celebrates the 2024 UPSC results, the academy reiterates its commitment to shaping the next generation of civil servants, ready to lead and serve the nation with integrity and dedication.

      La Excellence IAS Academy is a leading institution dedicated to providing high-quality coaching for the Civil Services Examination. With a proven track record of producing top ranks in UPSC, IFS, IPS, and other central services, the academy offers a wide range of programs designed to equip students with the necessary skills and knowledge to excel in the competitive field of civil services.

      For more information about La Excellence IAS Academy’s offerings and admission process, please visit www.laex.in.

      List of All UPSC 2024 Rankers • AIR 8 RAJ KRISHNA JHA • AIR 11 ETTABOYINA SAI SHIVANI • AIR 15 BANNA VENKATESH • AIR 38 ABHISHEK SHARMA • AIR 41 SACHIN BASAVARAJ GUTTUR • AIR 43 AVDHIJA GUPTA • AIR 46 RAVULA JAYASIMHA REDDY • AIR 62 CHINTAKINDI SHRAVAN KUMAR REDDY • AIR 68 SAICHAITANYA JADHAV • AIR 78 ABHISHEK SINGH • AIR 95 DEVIKA PRIYADERSINI • AIR 96 ADITYA ACHARYA • AIR 114 VIVEK GARG • AIR 146 CHALLA PAVAN KALYAN • AIR 154 NELLURU SAI TEJA • AIR 199 SOURABH RAJENDU • AIR 221 BOLLAM UMAMAHESWAR REDDY • AIR 232 POOLA DHANUSH • AIR 233 VIJAYLAKSHMI • AIR 255 POTHARAJU HARI PRASAD • AIR 260 SOURABH KUMAR • AIR 263 PREETHI A C • AIR 279 KANISHAK AGGARWAL • AIR 284 SHIVANSH TRIPATHI • AIR 316 K SRINIVASA KEERTHI REDDY • AIR 332 MANISH SHARMA • AIR 392 JEENU SRI JASWANTH CHANDRA • AIR 394 AKSHITA TRIVEDI • AIR 399 ACHAL ANAND • AIR 400 KRITIKA NOGRAIA • AIR 440 MANTHAN JINDAL • AIR 446 MADHAVI R • AIR 455 POTUPUREDDI BHARGAV • AIR 462 RAHUL C YARANTELI • AIR 523 BHANU PRAKASH J • AIR 529 PANDURANG S KAMBALI • AIR 532 SANDEEP GUPTA • AIR 544 A MADHU • AIR 567 BHARATH C YARAM • AIR 577 BONTHALA SAI VINOD KRISHNA • AIR 579 ANAMIKA PANDEY • AIR 587 KASHISH GUPTA • AIR 602 RITWIK RAI • AIR 605 DESAI DILIPKUMAR KRISHNA • AIR 615 DAYANANDA SAGAR L • AIR 638 ADITYA KESHRI • AIR 663 ANKIT ANAND • AIR 668 UDIT KUMAR SINGH • AIR 671 THAKRE NAMRATA ANIL • AIR 672 DISHA DWIVEDI • AIR 681 DONEPUDI VIJAY BABU • AIR 682 SUMITI • AIR 690 SANJAY SHASHIKANT KOUJALAGI • AIR 695 ARYAMAN YADAV • AIR 696 PRIYANKA RATHORE • AIR 700 M VENKATESH PRASAD SAGAR • AIR 714 VISHAL MAHAR • AIR 736 BHAVIRI SANTOSH KUMAR • AIR 745 SARAVANAKUMAR T • AIR 746 PATEL SHRITESH BHUPENDRA • AIR 769 KIRUTHIKA M • AIR 770 ATLA THARUN TEJA • AIR 779 ANNU GUPTA • AIR 798 SANAGAVARAPU SAI BHARGAVA • AIR 799 THOGARU SURYATEJA • AIR 807 SANKAR PANDIARAJ • AIR 808 ADITI PATEL • AIR 814 GANGADHARI VIKRAM • AIR 831 KULYE SHRUSHTI SURESH • AIR 839 WANGE SAMPADA DHARMARAJ • AIR 871 RAJU NAMDEO WAGH • AIR 918 KARTHIK D • AIR 934 GOKAMALLA ANJANEYULU • AIR 938 BANOTHU SRINIKESH NAIK • AIR 949 RAMTENKI SUDHAKAR • AIR 975 RAVADA SAI MOHINI MANASA • AIR 976 RASHMI G (Disclaimer: The above press release comes to you under an arrangement with PNN and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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