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    L-G Manoj Sinha reviews donation management systems at J-K's Vaishno Devi shrine
    Bandhan Bank launches EPFO-integrated PF payment service for businesses
    ESDS Launches Swaraj Nandi and Swaraj Hansa, Two Sovereign Enterprise Security Platforms Built Entirely in India
    ED raids in Bengal, 3 other states in illegal Bangladeshis, Rohingyas infiltration case
    ED raids in 4 states in illegal Bangladeshis, Rohingyas infiltration case
    TCS opens AI-focused Gemini experience centre in Kolkata
    I-T dept raises Cost Inflation Index to 384 for FY27
    Union Minister of Commerce & Industry, Shri Piyush Goyal Meets European Industry Leaders in Brussels to Deepen India–EU Industrial and Technology Co...
    India-UK CETA and Agreement on Social Security Enter into Force
    PERIODIC LABOUR FORCE SURVEY (PLFS) MONTHLY BULLETIN - June, 2026
    CCI approves acquisition by Opal Bidco Pte. Ltd. of 100% shareholding in STT GDC Pte. Ltd.
    Govt hikes windfall tax on diesel, ATF; cuts levy on petrol exports
    Goods worth USD 140 mn exported on first day of India-UK trade pact coming into effect
    CETA: Export consignment flagged from Bengaluru to UK
    India-EU TTC meet: Goyal says work program on FDI screening concluded
    India logs USD 2.8 bn current account surplus in April-May: RBI data
    Cong leader Baghel alleges BJP links to Mahadev betting app after Ebix Group chairman's arrest
    ED attaches Rs 158-crore assets of Delhi hospital in PMLA probe
    Mahadev app case: Chhattisgarh court sends Ebix chairman Vikas Garg to 10-day ED custody
    Bengal seeks to leverage India-UK CETA, eyes export boost for labour-intensive sectors
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    July 16, 2026
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    Donation management safeguards require transparent accounting, secure precious-metal handling, audits and adherence to prescribed banking and statutory norms.
    Donation-management governance at the Vaishno Devi shrine was reviewed with emphasis on transparency, accountability and compliance with standard operating procedures. The review covered collection, counting, accounting, custody and utilisation of offerings, supported by verification procedures, surveillance, banking safeguards and periodic audits. Security protocols also govern the handling, storage, transportation, processing and refining of precious-metal offerings. The review took place amid a pending complaint alleging irregularities in silver offerings, with complete records sought regarding action taken.
    July 16, 2026
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    EPFO-integrated provident fund payments streamline statutory compliance through digital banking, with real-time confirmations and instant challan downloads for businesses.
    EPFO-integrated provident fund payment service enables business customers to initiate statutory PF payments through the EPFO portal and complete transactions using the bank's internet banking platform. Real-time transaction confirmations and instant challan downloads support faster processing, cash-flow management and timely compliance with EPFO payment requirements.
    July 16, 2026
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    Privileged access governance and explainable security monitoring support auditable, sovereign enterprise cybersecurity across private and air-gapped deployments.
    Swaraj Nandi provides privileged-access management through credential vaulting, automated rotation, Zero-Trust approvals, multi-factor authentication, session recording and audit reporting. Swaraj Hansa provides AI-assisted security information and event management by collecting, correlating and triaging security signals with explainable alerts and human-owned decisions. Both platforms support on-premise, private-cloud and relevant air-gapped deployment models, and their compliance architecture is mapped to the RBI IT Framework, SEBI CSCRF, DPDP Act, PCI-DSS, ISO 27001 and NIST CSF.
    July 16, 2026
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    Money-laundering investigation targets alleged foreign-funded network facilitating illegal infiltration, forged identity documents and economic rehabilitation of immigrants.
    A money-laundering investigation examined an alleged syndicate facilitating illegal infiltration, forged Indian identity documents and settlement of Bangladeshi nationals and Rohingyas. Investigators alleged that public charitable trusts receiving foreign contributions channelled funds through multiple bank accounts, mule accounts and layered transactions to support economic rehabilitation through cash assistance, employment and income-generating arrangements. Searches were conducted under the Prevention of Money Laundering Act.
    July 16, 2026
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    Money-laundering investigation examines alleged foreign-funded networks supporting illegal infiltration, forged documents, and economic settlement of migrants.
    A money-laundering investigation concerns an alleged network facilitating illegal entry and settlement of Bangladeshi and Rohingya nationals. The alleged scheme involved forged identity and travel documents, charitable trusts receiving overseas contributions, and diversion of funds through bank accounts, mule accounts and layered transactions. Suspected fund use included settlement support, documentation, employment, cash assistance and income-generating assets. Searches examined the alleged infiltration, documentation and financial-support network.
    July 16, 2026
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    Agentic AI innovation centre enables consumer businesses to co-create, test and scale enterprise AI solutions across operational functions.
    TCS launched a Gemini Experience Centre in Kolkata with Google Cloud to enable consumer businesses to co-create, test and scale AI-led solutions. The centre showcases agentic AI applications for store operations, supply-chain management, omni-channel retail and customer service, serving retail, consumer packaged goods, travel, tourism and hospitality enterprises. The initiative uses Gemini Enterprise-based industry- and context-aware AI agents and seeks to accelerate agentic AI adoption and support movement from AI pilots to enterprise-scale deployment.
    July 16, 2026
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    Cost Inflation Index enables inflation-adjusted long-term capital gains calculations through indexed acquisition cost for eligible capital asset transfers.
    The Cost Inflation Index for financial year 2026-27 is 384 for computing inflation-adjusted long-term capital gains on transfers of capital assets, including immovable property, securities and jewellery. It is used to determine indexed cost of acquisition by adjusting purchase cost for inflation. Long-term classification generally requires holding exceeding 36 months, with stated periods of 24 months for immovable property and unlisted shares and 12 months for listed securities.
    July 16, 2026
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    India-EU industrial and technology cooperation advances through trade facilitation, resilient supply chains, digital innovation and expanded market access.
    India-EU industrial and technology cooperation was advanced through engagements addressing industrial collaboration, technology partnerships, bilateral trade opportunities and business-to-business cooperation. Discussions covered trade facilitation, investment flows, supply-chain resilience, digital innovation, competitiveness and regulatory challenges. The interactions emphasised industry-led growth, greater market access for Indian enterprises and innovation-driven partnerships under the Trade and Technology Council framework.
    July 16, 2026
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    Preferential India-UK trade framework introduces broad zero-duty export access, self-certified origin documentation, and social-security contribution relief for temporary professionals.
    India-United Kingdom CETA entered into force with preferential tariff treatment, including zero-duty access in the United Kingdom for nearly 99 per cent of India's exports. The Agreement covers goods, services and cooperation in customs, digital trade, financial services, telecommunications, intellectual property and professional services. The associated Agreement on Social Security exempts Indian professionals on temporary United Kingdom assignments from double social-security contributions for up to five years. Rules of Origin certification was operationalised through self-certified Certificates of Origin issued on the eCoO 2.0 platform.
    July 16, 2026
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    Labour market indicators showed stable overall participation, employment and unemployment, with marginal urban improvement and softer rural unemployment.
    Monthly labour-market estimates for persons aged 15 years and above, compiled under the Current Weekly Status approach, show stable overall labour-force participation, worker population ratio and unemployment rate in June 2026. Urban labour-force participation and worker population ratio improved marginally, while rural participation and employment remained stable. Female labour-force participation was broadly stable month-on-month. Rural unemployment eased slightly, urban unemployment rose marginally from the preceding month, and urban unemployment declined on a year-on-year basis.
    July 16, 2026
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    Competition clearance governs full acquisition of a data-centre provider alongside co-investor economic interests in the transaction.
    Competition approval concerns Opal Bidco Pte. Ltd.'s acquisition of the entire shareholding in STT GDC Pte. Ltd., a data-centre provider. The transaction also provides for specified co-investors to acquire economic interests in STT GDC on a see-through basis. STT GDC operates in India through an indirect subsidiary and is among multiple data-centre participants active in India.
    July 16, 2026
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    Windfall tax on petroleum exports revises diesel and aviation fuel levies while reducing the petrol export levy.
    Special Additional Excise Duty on petroleum-product exports was revised from 16 July 2026, increasing the levy on diesel and aviation turbine fuel exports while reducing it on petrol exports. Duty rates on petrol and diesel cleared for domestic consumption remained unchanged. The windfall tax framework seeks to support domestic fuel availability and discourage exporters from benefiting from differences between domestic and global fuel prices during elevated crude-oil prices.
    July 15, 2026
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    Duty-free market access under the India-UK trade pact expands exports while preserving safeguards for procurement and policy space.
    The India-UK Comprehensive Economic and Trade Agreement provides duty-free access for nearly 99 per cent of Indian exports and includes reciprocal government-procurement access subject to safeguards. India retains MSME preferences, limits covered procurement to selected central entities, excludes strategic sectors, and applies minimum contract thresholds. The agreement preserves compulsory licensing and permits withdrawal of certain concessions if a future UK carbon tax adversely affects Indian exports. Its gender, SME, environment, and labour chapters contain no dispute-settlement provisions.
    July 15, 2026
    Show AI Summary
    India-UK trade agreement expands duty-free market access and tariff reductions for exports, services, manufacturing and small enterprises.
    India-UK Comprehensive Economic and Trade Agreement (CETA) is stated to provide duty-free access in the UK market for 99 per cent of Indian products and to reduce or eliminate UK import tariffs across key product categories. It is expected to support Karnataka exports in manufacturing, agricultural produce, processed food, electronics, aerospace and medical devices, with certain tariff reductions phased out over time. Mode 1 services provisions are identified as beneficial to Bengaluru's IT industry, while awareness programmes and investment roadshows are proposed to help exporters and attract investment.
    July 15, 2026
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    Foreign investment screening cooperation advances investment flows alongside trade, technology, supply-chain resilience and prospective investment-protection commitments.
    India and the European Union concluded a work programme on foreign direct investment screening, exchanging best practices to facilitate investment flows. Trade and Technology Council cooperation addresses market access, standards harmonisation, supply-chain requirements, deep-tech innovation and critical dependencies. The parties also discussed free trade agreement ratification, World Trade Organization reform, and prospective investment-protection and geographical-indications agreements. The Council provides an institutional mechanism for cooperation on trade, trusted technology and economic security.
    July 15, 2026
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    Balance of payments reporting shows a current account surplus despite a wider trade deficit and portfolio investment outflows.
    Balance of payments data for April-May 2026 records a current account surplus, supported by increased net services receipts, higher inward remittances and a marginal reduction in net income outgo. The merchandise trade deficit widened as imports rose more than exports. The overall balance of payments moved into deficit, while net foreign direct investment increased and net foreign portfolio investment recorded a larger net outflow.
    July 15, 2026
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    Online betting money laundering investigation examines alleged proxy accounts, simulated salary payments, cross-border routing, and custodial investigation of the money trail.
    Money-laundering allegations concerning an online betting syndicate involve purported routing of betting proceeds through fictitious or proxy bank accounts, simulated salary payments, share-capital investments, and foreign institutional channels. An Ebix Group chairman was arrested in connection with the alleged money trail and remanded for investigation. The investigating agency states that prosecution complaints have been filed and that separate state economic-offence and central investigations address connected cases. Political-link allegations were denied, and the stated laundering assertions remain under investigation.
    July 15, 2026
    Show AI Summary
    Money laundering asset attachment addresses alleged fund diversion through false invoices, inflated construction costs, shell entities and accommodation entries.
    Provisional attachment under the Prevention of Money Laundering Act was undertaken in an alleged financial-fraud investigation involving a hospital company. The allegations concern diversion of company funds through purportedly false medical-implant invoices and inflated hospital-construction costs routed through a related company. Accommodation-entry operators and shell entities were allegedly used to conceal the origin of illicit funds. The proceeding arose from a Serious Fraud Investigation Office chargesheet against the hospital promoters.
    July 15, 2026
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    Money-laundering investigation into online betting proceeds leads to custodial remand amid allegations of layered fund routing.
    A special PMLA court remanded Ebix Group chairman Vikas Garg to Enforcement Directorate custody in an investigation into alleged money laundering linked to online betting operations. The agency alleged that betting proceeds were routed through accommodation entries, shell entities and layered transactions into entities owned or controlled by Garg, and were used to acquire shares, securities and other assets. It also alleged dissipation or encumbrance of Ebix shares and an attempt to mortgage or sell property treated as proceeds of crime.
    July 15, 2026
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    India-UK CETA tariff elimination strengthens export prospects for labour-intensive leather, jute, jewellery and agricultural products in British markets.
    India-UK CETA tariff concessions are expected to improve West Bengal's export competitiveness in the United Kingdom. Duty-free access applies to tea, mangoes and betel leaves, while import duties on jewellery have been removed. Labour-intensive leather, jute, and gems and jewellery sectors are identified as principal beneficiaries, with tariff removal also improving seafood export prospects. Further competitiveness measures are proposed to help exporters use the agreement's trade opportunities.

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      News and Press Release

      Provisional Results of Annual Survey of Industries 2010-2011

      December 31, 2012

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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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