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    EU-ASEAN Business Council Calls for stronger action on Illicit Trade, highlights India''s Strategic role
    Union Minister of Commerce & Industry Shri Piyush Goyal Announces Task Force to Support Toy Sector, Targets 5% Global Market Share by 2032.
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    FM Sitharaman directs Income Tax dept to work for benefit of common people
    Crime Branch chargesheets 10 accused in separate fraud & forgery cases in Jammu
    ED chargesheets 3 founders of Gameskraft under PMLA
    IDFC FIRST Bank Q1FY27 Results: Highest Ever PAT of ₹1,075 Crore, Up 132.4% YoY
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    July 28, 2026
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    Illicit trade prevention requires coordinated intelligence sharing, risk-based shipment controls and public-private cooperation to protect supply-chain integrity.
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    July 28, 2026
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    Toy-sector competitiveness is advanced through a task force and playbook focused on manufacturing, innovation, quality compliance and exports.
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    July 28, 2026
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    Examination-paper leakage allegations prompt arrest over arranging teacher recruitment candidates' access to leaked questions before the competitive examination.
    Alleged examination-paper leakage in the Public Service Commission teacher recruitment examination is under investigation by the state Economic Offences Unit. A doctor was arrested in connection with allegations that he participated in a conspiracy to leak the examination paper and arrange candidates' selection for payment. Investigators alleged that he arranged candidates who were taken to a hotel shortly before the examination and given access to the leaked question paper.
    July 28, 2026
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    Fee-only investment advisory integrates household goals, insurance and mutual fund execution through personalised, incentive-independent financial planning.
    NYVO's fee-only platform integrates investments, goals, insurance and cash flows into a personalised household financial plan. Users may connect existing mutual fund holdings, assess their alignment with financial goals and execute mutual fund transactions on the platform. Recommendations are based on an in-house asset-allocation model and mutual fund rating engine, while the flat-fee structure and absence of product-linked remuneration are intended to preserve independence from sales incentives. The platform uses read-only access under the RBI Account Aggregator framework.
    July 27, 2026
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    Solar wafer and ingot manufacturing expansion in Odisha advances subject to environmental, water and other regulatory approvals.
    A solar wafer and ingot plant is proposed on acquired special economic zone land in Odisha, subject to arrangements for environmental clearances, water and other approvals. Work is expected to commence in October, with operations targeted for January 2028. The facility is intended to support solar manufacturing capacity and may address export opportunities arising from European renewable-energy market access for non-Chinese supply chains.
    July 27, 2026
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    Homebuyer enforcement measures require developer compliance with deposit, project completion, and disclosure of pending cases.
    Homebuyer enforcement proceedings required the developer and its directors to disclose the status of pending purchaser cases and complete outstanding work in the booked dwelling unit by the specified deadline. Earlier directions required deposit of the recoverable amount with annual interest and warned of coercive consequences for non-compliance. Protective measures included freezing bank accounts, issuing bailable warrants, and preventing creation of third-party rights or transfer of possession. Insolvency proceedings were stated not to impede enforcement of directions concerning the homebuyers' claims.
    July 27, 2026
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    RBI direction compliance prompted internal disciplinary action over deposit mobilisation and marketing-expenditure payments, with the matter referred to RBI.
    HDFC Bank's board addressed potential divergence from applicable RBI Directions concerning deposits mobilised from the Maharashtra State Road Development Corporation and related marketing-expenditure payments. Based on recommendations of a Special Disciplinary Committee of Independent Directors, it treated the conduct as business overreach rather than mala fide conduct, personal enrichment, or improper motive. Monetary penalties and warning letters were issued to relevant employees, and the board directed communication of the matter to the Reserve Bank of India.
    July 27, 2026
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    Precious-metal market pricing rebounds as easing inflation concerns, global bullion strength and lower yields support gold and silver.
    Precious-metal prices rebounded in the domestic market, supported by stronger global bullion trends, lower crude-oil prices, easing inflation concerns, a weaker US dollar and lower Treasury bond yields. Domestic gold gains were limited by rupee appreciation. Further bullion-price movement was linked to geopolitical developments, inflation and GDP data, US economic indicators, and monetary-policy decisions by major central banks.
    July 27, 2026
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    Consumer financing eligibility supports instalment purchases of washing machines through partner stores, requiring in-person application and approval.
    Consumer financing for Panasonic washing-machine purchases is available through Bajaj Finance partner stores under an Easy EMI Loan or Insta EMI Card, subject to eligibility and available credit limits. Repayment is offered through instalments over specified tenures, with zero down payment available on select models. Buyers must be physically present at a partner store to apply. The process includes comparing models, verifying pre-approved eligibility through mobile-number and OTP verification, evaluating the product in store, selecting an EMI plan, and completing the transaction after approval.
    July 27, 2026
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    MBA campus placements across industry-linked management programmes report recruitment activity spanning finance, analytics, technology, supply chain, healthcare and marketing roles.
    Chandigarh University reports MBA placement activity during 2025 and 2026 across banking, information technology, financial technology, healthcare, retail, analytics, consumer goods and automobile sectors. It describes placements in flagship, applied finance and analytics, and industry-collaborated MBA programmes, including marketing, human resources, operations, supply chain, business analytics, digital marketing, financial technology, data science and healthcare management. The release identifies industry collaborations and participating recruiters, and is issued under a PRNewswire arrangement with PTI disclaiming editorial responsibility.
    July 27, 2026
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    General Counsel leadership now integrates commercial decisions, regulatory risk, legal-team design, and technology adoption within corporate management.
    Corporate legal departments are evolving from compliance-focused functions into strategic business partners. The General Counsel's role encompasses commercial decision-making, regulatory and reputational risk, acquisitions, market entry, contracts, disputes, crisis management and technology adoption. Increased regulatory complexity and the growth of legal capability centres require proactive legal functions with appropriately structured teams, processes, workflow allocation, and use of technology and artificial intelligence.
    July 27, 2026
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    Healthcare portfolio management services disclose equity strategy performance, benchmark methodology, fee treatment and the absence of regulatory performance verification.
    InCred Healthcare Portfolio is identified as an investment approach/product under an Equity Strategy pursuant to a SEBI circular. Its disclosed performance is benchmarked against the BSE 500 TRI, calculated using the Time Weighted Rate of Return method prescribed by SEBI, and stated to be net of fees and expenses. Returns for shorter horizons are described as absolute returns. The performance information is expressly stated not to have been verified by SEBI, and SEBI has not certified its accuracy or adequacy.
    July 27, 2026
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    UPI-enabled flexi benefits wallets support employee-selected tax-efficient allowances with category controls, compliance monitoring and employer reporting.
    A UPI-enabled flexi benefits wallet is described as allowing employees to allocate employer-provided allowances among eligible categories and make payments through the relevant wallet at UPI-accepting merchants. Tax-efficient treatment is stated to depend on the prescribed conditions applicable to each benefit category. Merchant-category-code controls are intended to restrict expenditure to eligible purposes, while centralised allocation, transaction visibility and reporting support employer compliance. The arrangement is stated to operate through a Reserve Bank of India licensed prepaid payment instrument framework.
    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.

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      News and Press Release

      Provisional Results of Annual Survey of Industries 2010-2011

      December 31, 2012

      Contents
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      Press Information Bureau

      Government of India

      Ministry of Statistics & Programme Implementation

      31-December-2012 12:06 IST

      Provisional results of Annual Survey of Industries (ASI) 2010-11, conducted by Central Statistics Office and National Sample Survey Office under the Ministry of Statistics and Programme Implementation have been released. The survey provides information on factories registered under Factories Act, 1948 and Bidi and Cigar establishments registered under the Bidi and Cigar Workers (Conditions of Employment) Act, 1966. Field work for the survey was carried out during 2011-12 throughout the country with a reference period coinciding with the fiscal year 2010-2011. Total sample size for the survey was 61,573 which represented about 27% of the total population and was drawn adopting stratified circular systematic sampling procedure. The highlights of the provisional results are as follows:

      Principal Aggregates – All India

      Annexure-I presents the estimates for principal characteristics for all industries taken together at all-India level for 2010-11 with comparative estimates for the preceding five years.

      Industry-wise and state-wise performances of few characteristics are given below:

      Number of factories

      Total number of estimated factories1 is 2,11,660, which is 33.22% higher than that of the last year. Among the industries, highest number of factories is observed in ‘Food products’, which accounts for about 16.1% of the total factories in all industries followed by ‘Other non-metallic mineral products’ (11%) and ‘Textiles’ (8.8%). Among the states, highest number of factories is observed in Tamil Nadu (17.4%), followed by Maharashtra (13.2%), Andhra Pradesh (12.4%), Gujarat (10.1%) and Uttar Pradesh (6.5%).

      Fixed Capital

      At all India level, fixed capital in current prices has grown by 19% as against 28% in the last year. In constant prices (2004-05), the growth remains 12.5% in 2010-2011 as against 25% in the previous year. Highest fixed capital is observed in the ‘Basic Metal’ industry (21.7%), followed by ‘Coke and Refined Petroleum Products’ (9.6%). At state level, Gujarat has the highest fixed capital share (17%), followed by Maharashtra (14.5%), Andhra Pradesh (10%), Tamil Nadu (9.2%) and Odisha (7.1%).

      Employment and Emoluments

      Employment in terms of total persons engaged has increased by 7.8% at all India, over the previous year, whereas the emolument (compensation) to employees has increased by 24.8% in current prices and 18.1% in real terms. Among all industries, ‘Food products’ generated the highest employment (12.2%), followed by ‘Textiles’ (11.5%) , ‘Basic metals’ (8%), ‘Other non-metallic mineral products’ (7.3%) and ‘Wearing apparel’ (6.9%). Performance of top ten states in terms of employment, along with their percentage share in all India employment figure is given below: 

      States (% share in empl.)

      Tamil-Nadu (15.4%)

      Maharashtra (13.4%)

      Andhra-Pradesh (10.3%)

      Gujarat (10.1%)

      Uttar-Pradesh (6.4%)

      Karnataka (6.2%)

      West Bengal (5%)

      Punjab (4.8%)

      Haryana (4.3%)

      Rajasthan (3.4%)

      Rank in terms of employment

      1

      2

      3

      4

      5

      6

      7

      8

      9

      10

      In terms of emoluments or compensation to employees, ‘Basic Metal’ has the highest share (11.2%) followed by ‘Machinery and equipments’ (8.3%), ‘Motor vehicles, trailers and semi-trailers’ (8%), ‘Food products’ (7.7%) and ‘Textiles’ (7.6%). Among the states, top five positions in term of compensation have been occupied by Maharashtra (19.2%), Tamil Nadu (13.1%), Gujarat (10.6%), Andhra Pradesh (7.7%) and Karnataka (7.2%).

      Gross Value Added (GVA)

      The gross value added has grown by 19.5% in current prices and 13.1% in constant (2004-05) prices. The corresponding growth in GVA in 2009-10 over 2008-09 was 14.1% and 11.6% respectively. By type of industry, the first three positions in terms of gross value addition have been occupied by ‘Basic Metals’ (12.2%), ‘Coke and Refined Petroleum Products’ (10.6%) and ‘Chemicals and chemical products’ (8.9%) respectively. Performance of top ten states in terms of GVA, along with their percentage share in all India GVA is given below:

      States (% share in GVA)

      Maharashtra (20.5%)

      Gujarat (13.2%)

      Tamil Nadu (10.3%)

      Andhra Pradesh (8.4)

      Uttar Pradesh (6.2%)

      Karnataka (5.9%)

      Uttarakhand (3.9%)

      Haryana (3.6%)

      West Bengal (3)

      Punjab (2.8%)

      Rank in terms of GVA

      1

      2

      3

      4

      5

      6

      7

      8

      9

      10

      Structural Ratios and Technical Coefficients

      A few structural ratios and technical coefficients derived from the macro level estimates of principal characteristics for the current and the preceding four years have been given in Annexure-II.

      The survey results revealed that in 2010-11, a factory with an average investment of Rs. 760 Lakhs in fixed capital have provided gainful employment to 60 persons, produced goods and services at ex-factory prices worth Rs. 2,214 Lakhs and contributed by way of net value added by manufacture Rs. 337 Lakhs to the national income. However, taking an employee as a unit of measurement, the survey revealed that an employee in the organized manufacturing sector during 2010-11 has, on an average, worked with a fixed capital stock of Rs.12,64,382, gave an output of Rs. 36,84,377 and contributed to the national income by way of net value added by manufacture Rs. 5,60,409. The corresponding averages in the preceding year were, respectively, Rs. 1,14,66,904, Rs. 31,65,721 and Rs. 4,02,779.

      The capital output ratio which is a measure of the capital required to produce one unit of net output (net value added) has decreased marginally from 2.28 in 2009-10 to 2.26 in 2010-11. The capital required to produce one unit of gross output has also marginally decreased from 0.36 in 2009-10 to 0.34 in 2010-11. Level of efficiency (ratio of net value added to gross output) has, however, slightly decreased from 0.16 to 0.15. While the average number of employee working per factory has decreased from 74 in 2009-10 to 60 in 2010-11, average emoluments per employee has, however, increased from Rs. 1,24,666 to Rs. 1,44,251 in current prices during the same period.

      1Prior to ASI 2010-11, although the samples were drawn from domain of units with the statuses ‘open’, ‘closed’ and ‘non-operative’; separate procedure was followed for estimating the “number of factories” and “number of factories in operation”. While the units with the status code ‘1’ (i.e., open) only were considered as surveyed cases for estimating the “number of factories in operation”, the units with the status codes ‘1’ and ‘2’ (i.e., open and closed respectively) were considered as surveyed cases for estimating the “number of factories”, and accordingly the multipliers (weights) were calculated. Now, all the units with codes ‘1’, ‘2’ and ‘3’, that is, all units with ‘open’, ‘closed’ and ‘NOP’ statuses are similarly placed and are considered as surveyed cases for estimating the “number of factories” and multipliers (weights) were calculated accordingly. After deriving the estimates mentioned above, all the rates and ratios are derived for per “number of factories”. The earlier method, if followed, will result in 8% growth in the number of units during 2010-11compared to 2009-10.

      Click here to see Annexures.

      ****

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