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    Final US Section 301 Measures on Forced Labour: India Placed in Lower Tariff Tier at 10%
    Department of Commerce Reviews Flue-Cured Virginia (FCV) Tobacco Market Situation in Andhra Pradesh
    Ministry of Corporate Affairs’ ‘Corporate Mitra Scheme’ Awareness Webinar Successfully Organized by IICA Shillong for the youth and enterprises ...
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    Crime Branch chargesheets 10 accused in separate fraud & forgery cases in Jammu
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    India placed in lower tariff tier at 10 pc under US Section 301 measures on forced labour: Govt
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    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
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    July 27, 2026
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    Section 301 forced-labour measures place Indian imports in a lower tariff tier while preserving specified product exclusions.
    Section 301 forced-labour import measures impose an additional ad valorem duty on imports from India, with India placed in a lower additional-tariff tier than initially proposed. Specified exports that attract no additional duties, and goods already subject to Section 232 measures, remain outside the Section 301 additional duty. A substantial portion of Indian exports is therefore excluded, while the remaining exports are subject to the additional duty. The textile-specific mechanism has not yet been operationalised, and engagement continues in relation to that mechanism and bilateral trade agreement negotiations.
    July 27, 2026
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    FCV tobacco market stability remains under review through coordinated measures to protect growers and maintain transparent auction operations.
    FCV tobacco market stability was reviewed with emphasis on protecting growers' interests and considering long-term measures for the sector. The delegation inspected Tobacco Board auction operations, interacted with growers on prevailing market conditions, and noted the transparent and orderly conduct of auctions. The Government is monitoring developments and examining appropriate measures with the State Government, Tobacco Board and stakeholders to safeguard FCV tobacco farmers' interests.
    July 27, 2026
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    Corporate Mitra Scheme supports MSMEs through accredited professionals delivering affordable compliance, financial, taxation, accounting and governance assistance.
    The Corporate Mitra Scheme seeks to strengthen MSMEs by connecting them with accredited para-professionals providing affordable compliance and business-support services. Corporate Mitras are envisaged to assist with regulatory compliance, finance, taxation, accounting and governance, allowing enterprises to focus on growth. The scheme also trains young graduates in industry-relevant skills and creates employment opportunities. IICA Shillong serves as the nodal agency for coordination, stakeholder liaison, promotion and awareness in the North Eastern Region.
    July 26, 2026
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    Tax administration must deliver timely lawful service, protect public assets, and uphold integrity in tax collection.
    Tax administration should assist common citizens by handling matters within departmental authority without unnecessary delay, while remaining within applicable rules. Government departments should protect public land from illegal occupation and expedite lawful land transfers, permissions, construction arrangements and procurement for departmental premises and accommodation. Integrity is the essential principle for officials performing tax-collection functions.
    July 26, 2026
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    Investment fraud and forged residence certificates prompted chargesheets over alleged misappropriation, fabricated revenue records, land purchases and employment access.
    Criminal chargesheets concerned alleged investment fraud through false promises of high returns and alleged misappropriation of investor funds, involving a company stated to be unregistered with SEBI, RBI and the relevant Registrar of Companies. A separate chargesheet concerned alleged conspiracy to procure permanent resident certificates using forged revenue records, with the certificates allegedly used for land purchases and government employment. Forensic examination reportedly found that the relevant revenue documents were not genuine according to official records.
    July 25, 2026
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    Money-laundering allegations in online rummy gaming prompt prosecution proceedings and asset attachment over suspected cheating of users.
    Money-laundering proceedings concerning online real-money rummy operations include a prosecution complaint against Gameskraft Technologies, RummyTime Technologies, founder-directors and associated persons. The allegations concern proceeds of crime said to arise from cheating users through rummy applications and from an addictive environment encouraging repeated wagering. The proceedings also involve provisional attachment, seizure and freezing of financial holdings, equity interests and immovable properties alleged to be connected with suspected proceeds of crime. The founder-directors' arrests were declared invalid by the Karnataka High Court, while the investigating agency proposes to challenge that order.
    July 25, 2026
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    Banking financial performance reflected loan and deposit growth, improved asset quality, stronger margins and prudent contingency provisioning.
    Quarterly financial performance reflected growth in customer business, loans and deposits, expansion in lending portfolios, an improved CASA ratio and lower cost of funds. Asset quality improved through reductions in gross and net non-performing assets, while profitability indicators improved in relation to net interest margin, cost efficiency, provisions, net profit and return on assets. The bank received credit-guarantee claims for its microfinance portfolio and created a contingency provision for macroeconomic and geopolitical uncertainty. Capital adequacy and common equity tier-one ratios were also reported.
    July 25, 2026
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    Forced-labour import tariffs place Indian goods under an additional duty while exemptions preserve access for specified exports.
    A 10 per cent Section 301 additional import duty applies to specified Indian goods over and above ordinary most-favoured-nation duty, following a forced-labour-related investigation. Generic pharmaceuticals, smartphones, other specified products, and goods already subject to Section 232 sectoral duties remain outside the additional levy. The textile-specific mechanism has not yet been operationalised for India, while tariff-rate quota concessions using US-origin cotton and fibre were announced for certain other economies. India continues engagement on a bilateral trade agreement and tariff access for garments using American inputs.
    July 25, 2026
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    Copper Clad Laminate expansion advances through policy and rights-issue approvals, supporting domestic electronics manufacturing and strategic growth initiatives.
    The company reported progress on a proposed Copper Clad Laminate manufacturing project, including in-principle approval under the Gujarat Electronics Policy and substantial project completion. The facility is intended to support domestic electronics manufacturing and reduce import dependence. It also reported upgraded credit ratings, enhanced rated bank facilities, and stock-exchange in-principle approvals for a proposed rights issue supporting expansion and strategic growth initiatives.
    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.

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      Players and Teams Ruling the Roost in IPL 2025

      May 16, 2025

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      In anticipation of the league restart, Parimatch compiled infographics detailing key statistics and facts regarding the progress of IPL 2025 teams New Delhi, Delhi, India (NewsVoir) We will have a look at who is leading the race for the individual awards this season and which players are having the most impact on the pitch in the ongoing IPL season, benefiting their teams in the longer run: #1 Race for the Playoffs: 7 Teams still in the mix; RCB and GT favorites to finish in Top 2 Chennai Super Kings, Sunrisers Hyderabad, and Rajasthan Royals exited the race to the playoffs quite early, allowing the other seven teams to have a neck-to-neck battle, with Royal Challengers Bengaluru and Gujarat Titans slight favorites to finish in the Top 2.

      GT and RCB have raced ahead of the other sides, pocketing 16 points each as both GT and RCB have won eight matches each and lost on three occasions. The Royal Challengers, led by their new skipper Rajat Patidar, have lost all three home matches on their home ground and have the chance to become the first team to win all seven away matches in the league phase of IPL.

      Punjab Kings is in third place with seven wins, three defeats, and one No Result as rain spoiled their party at the Eden Gardens after the Shreyas Iyer-led side had scored 200+ runs in the first innings.

      Mumbai Indians and Delhi Capitals have 14 and 13 points, respectively and would be fighting it out for the last playoff place when they meet on May 21. Kolkata Knight Riders and Lucknow Super Giants remain outside contenders and can sneak in if they win their remaining matches.

      #2 Orange Cap keeps changing hands almost every day The Orange Cap should be renamed the Orange Baton after analyzing the 2025 season of the cash-rich league as the orange cap has continuously shifted between Nicholas Pooran, Sai Sudharsan, Virat Kohli, and Suryakumar Yadav as the four players have kept their sides in the hunt of the playoffs at the end of first week of May.

      Currently, the first and fifth position in the Orange Cap race are spearated by a mere 10 runs as Suryakumar Yadav, the current holder of the coveted award has 510 runs in 12 innings at an average of 63.75 and a strike rate of 170.56, making him the only player to be in Top 5 lists of highest run-getters and highest strike-rates (minimum 100 runs).

      In the second and third place are Sai Sudharsan and GT skipper Shubman Gill with 509 runs and 508 runs respectively at strike rates of 150+. The GT opening pair have recorded three century partnerships in the ongoing season and has been given a huge helping hand by Jos Buttler, who has scored 500 runs at an average of 71.43 and a strike rate of 163.93 and takes the fifth place on the list.

      RCB stalwart Virat Kohli is in fourth place with 505 runs at a strike rate of 143.46 as the chase-master has played the anchoring role for the Bengaluru-based franchise, scoring seven half-centuries in seven out of eight wins for his beloved franchise.

      #3 Prasidh Krishna takes a slight lead in the Purple Cap Race Unlike the Orange Cap, which shifts hands every second day, Prasidh Krishna has had the Purple Cap for a few days as the Bengaluru-born fast bowler has struck 20 wickets in 11 matches, leading the GT bowling attack in the absence of Kagiso Rabada.

      Noor Ahmad has also raced to 20 wickets in 12 matches after taking 4 wickets in the narrow 2-wicket win against KKR, but the Afghan spinner has only two matches left in the competition, which hurts his chances of bagging the individual accolade.

      Josh Hazlewood is in third place with 18 wickets in 10 matches, and the Australian fast bowler would be hoping to shake off his injury ahead of RCB’s next match. Trent Boult and Varun Chakravarthy have 18 and 17 wickets in 12 matches, respectively, while Arshdeep Singh and Vaibhav Arora have 16 wickets each in 11 matches.

      #4 The tale of two home grounds for three franchises While seven franchises have decided to remain loyal to their home ground and the bustling crowds at their preferred venues, three franchises from the northern and western parts of the country have taken a different route.

      Delhi Capitals started the season by playing two of their home fixtures in Vizag as the city in Andhra Pradesh played host to two of DC’s games. Guwahati has also played host to two matches this season as Rajasthan Royals started out their season in the eastern part of the country in a bid to extend the cricketing action to more states, with local boy Riyan Parag acting as the stand-in skipper for RR during that period.

      Punjab Kings had planned to play three of their matches in Dharamsala and four in Mullanpur, but two of their three fixtures scheduled at the HPCA Stadium in Dharamsala will be played elsewhere due to the ongoing tensions at the India-Pakistan border.

      #5 Sunil Narine leads the way for Most Valuable Player Award The 2024 IPL Most Valuable Player Award winner Sunil Narine once again leads the way in the Most Valuable Player Award race as the KKR all-rounder has 237.5 points courtesy of 215 runs at a strike rate of 168 and 10 wickets while keeping his economy rate at 7.5. Narine has proven to be the complete package as he regularly bowls 4 overs and opens the innings as well.

      Suryakumar takes the second position with 228 points courtesy of 510 runs, which include 51 fours and 26 maximums, while Nicholas Pooran takes the third position with 227 points collected via 34 fours and 34 maximums, helping him cross the 400-run mark.

      Yashasvi Jaiswal and Jos Buttler take the fourth and fifth positions courtesy of their good show with the bat and in the field. Except Sudharsan and Gill, Parag, Ravindra Jadeja, and Prabhsimran Singh complete the Top 10 List of Most Valuable Players in IPL 2025.

      #6 Sai, Priyansh, and Noor to battle it out for the Emerging Player of the Season Award The ongoing IPL season has all been about younger players breaking through the barricades as debutants like 17-year old Ayush Mhatre, Vipraj Nigam, Digvesh Rathi, Priyansh Arya, and 14-year old Vaibhav Suryavanshi have made a mark courtesy of their splendid shows.

      Following in the steps of a long list of uncapped centurions for Punjab Kings, Arya scored a century of 39 balls and has scored 347 runs in 11 matches at a strike rate of 192.77 in total challenging the likes of Sudharsan and Noor for the coveted award.

      While Sai and Noor are not debutants, they are eligible for the award and are the front-runners along with the likes of Harshit Rana and Naman Dhir.

      *All Stats as of 15th May (After the conclusion of KKR vs CSK) (Disclaimer: The above press release comes to you under an arrangement with Newsvoir and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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