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    India-UK trade pact takes effect as Modi says deal will deepen economic ties and boost exports
    Cabinet approves two multitracking projects covering Four Districts across Odisha and Jharkhand, increasing the existing network of Indian Railways by...
    Cabinet approves National Investment Policy for Urea-2026 for Atmanirbhar Bharat (NIPU-2026)
    Cabinet approves development of 6 lane Greenfield Elevated Corridor & Ramps/Loops & Foot Over Bridge between National Highway-19 and Varanasi Ring Roa...
    Cabinet approves development of 6/4 lane Elevated Corridor along Varuna River Bank & its Ramps/Loops in Uttar Pradesh on Hybrid Annuity Model at total...
    Bajaj Finance Launches Loan Fest with Exclusive Rewards on Personal Loan Disbursal
    China's GDP growth slows sharply in second quarter, misses target
    Cabinet approves Rs 62,500 crore for Mobile Phone Manufacturing Scheme
    Cabinet okays new National Investment Policy to create 10 mn tons of fresh urea capacity
    India-UK trade pact 'new gold standard' of trade deals: UK High Commissioner Cameron
    World shares are mixed, oil prices climb as Iran threatens to block Middle East energy exports
    Raktsey Karpo, Halman apricots spearhead Ladakh's biggest export drive; LG pitches processing unit
    UK-India trade agreement significant milestone: Vice president
    Commerce Minister Piyush Goyal must clarify: Cong slams govt on US bill for 100-pc tariffs on India
    Tehran threatens to halt all Mideast energy exports after US reimposes its blockade on Iran
    RBI invites public comments on the draft “Reserve Bank of India (Acquisition and Holding of Shares or Voting Rights) Amendment Directions, 2026”
    PROVISIONAL ESTIMATES OF WHOLESALE PRICE INDEX, OUTPUT PRODUCER PRICE INDEX, AND TRIAL INPUT PRODUCER PRICE INDEX FOR THE MONTH OF JUNE 2026, AND FINA...
    PM hails operationalisation of India-UK CETA; says it will give fresh momentum to farmers, MSMEs
    India-UK trade pact comes into force
    Rayzon Solar Achieves NABL Accreditation for Its R&D Laboratory, Elevating Standards in Solar Manufacturing Excellence
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    July 15, 2026
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    India-UK trade liberalisation expands tariff preferences, services access and skilled professional mobility while preserving protections for sensitive domestic sectors.
    The India-United Kingdom Comprehensive Economic and Trade Agreement establishes preferential tariff treatment for goods and expands cooperation in services, digital trade, government procurement, investment and professional mobility. India retains protections for sensitive sectors through phased tariff reductions and quota-based access, while duties on British automobiles and alcoholic beverages are reduced in stages. The accompanying social-security convention exempts eligible Indian professionals temporarily assigned to the United Kingdom from simultaneous contributions in both jurisdictions, supporting skilled-worker mobility and reducing employment-related costs.
    July 15, 2026
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    Railway capacity augmentation strengthens multimodal connectivity, freight movement, operational reliability and lower-emission transport across Odisha and Jharkhand.
    Railway capacity augmentation is approved through doubling of the Paradeep-Haridaspur route and construction of a fourth line on the Rajkharsawan-Dangoaposi route. The projects aim to reduce congestion, improve railway operational efficiency and reliability, and strengthen integrated multimodal connectivity. Enhanced capacity is intended to support freight transport of coal, iron ore, dolomite, limestone and gypsum, improve regional and tourist connectivity, promote logistics efficiency, and reduce oil imports and carbon emissions.
    July 15, 2026
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    Urea investment policy promotes gas-based domestic manufacturing through transparent cost treatment, return-on-equity parameters, and foreign-exchange risk mitigation.
    NIPU-2026 provides a framework for investment in new gas-based urea manufacturing units to increase indigenous production and reduce reliance on imported urea. It separates fixed and variable costs for transparency, provides a prescribed return-on-equity band, and mitigates foreign-exchange exposure through conversion of fixed costs into Indian rupees after four years at prevailing exchange rates. The policy supports self-sufficiency through additional domestic urea manufacturing capacity.
    July 15, 2026
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    Greenfield elevated corridor development strengthens multimodal connectivity, urban decongestion, road safety and pilgrimage access through the Hybrid Annuity Model.
    Development of a six-lane greenfield elevated connector corridor between National Highway-19 and the Varanasi Ring Road has been approved under the National Highways (Original) programme through the Hybrid Annuity Model. The access-controlled corridor includes elevated road infrastructure, bridges, loops, ramps, link roads and service roads, and is intended to divert through traffic from congested urban roads. Aligned with the PM Gati Shakti National Master Plan, it integrates road, rail, air and inland-water connectivity while improving access to logistics, religious, educational and cultural destinations.
    July 15, 2026
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    Hybrid annuity corridor development advances urban decongestion, multimodal connectivity, safer travel and efficient passenger and freight movement.
    A predominantly elevated 6/4-lane link and connector corridor along the Varuna River Bank has been approved under the Hybrid Annuity Model. Comprising carriageways, flyovers, loops, ramps and service roads, it will connect NH-31 with the Varanasi Ring Road under the Varanasi Decongestion Plan. The corridor is intended to reduce congestion and travel time, improve safety and freight movement, and strengthen access to transport, economic, social and logistics nodes through multimodal integration.
    July 15, 2026
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    Personal loan disbursal incentives provide eligible borrowers reward bundles, subject to eligibility conditions, verification, assessment and applicable terms.
    Personal loan disbursal incentive campaign offers eligible borrowers an entertainment and lifestyle voucher bundle upon successful disbursal during the specified promotional period. Reward availability is conditional on customer eligibility and applicable terms and conditions. The collateral-free, digitally processed credit facility involves eligibility-based approval, review of loan terms, KYC and bank-account verification, and application assessment before disbursal.
    July 15, 2026
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    Domestic-demand weakness slows China's economic growth despite export support from artificial-intelligence technology and electric-vehicle demand.
    China's economic growth slowed in the second quarter amid weak domestic demand, property-market weakness, subdued consumer confidence and higher energy costs. Export demand, especially for artificial-intelligence technology and electric vehicles, supported foreign trade and industrial production, but underscored reliance on overseas demand. Property investment and new-home prices continued to decline, while youth unemployment remained elevated. Further support measures focused on new infrastructure could be considered as investment growth weakens and systemic risks require management.
    July 15, 2026
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    Mobile phone manufacturing incentives link eligible sales, domestic sourcing, design and research support to indigenous brands and expanded production.
    The Mobile Phone Manufacturing Scheme establishes a five-year incentive-linked framework for manufacturing mobile phones in India. It provides differentiated incentive support on eligible sales, additional support for domestic sourcing of key components and sub-assemblies, and a further incentive for product design and research and development aimed at building Indian brands. The scheme seeks to expand domestic production and exports, promote technological sovereignty, create patents, support employment, and strengthen domestic value capture in mobile-phone manufacturing.
    July 15, 2026
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    Domestic urea investment policy supports new natural gas-based capacity through subsidy-cost separation, assured returns, and foreign-exchange risk mitigation.
    National Investment Policy 2026 establishes an investment framework to add domestic natural gas-based urea production capacity and reduce import reliance. Extending the New Investment Policy 2012, it provides for separation of fixed and variable costs for subsidy calculation, assured returns for urea plant companies, and foreign-exchange risk mitigation to support investment in new domestic urea manufacturing capacity.
    July 15, 2026
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    India-UK free trade agreement expands zero-duty export access and reduces duties on specified United Kingdom goods.
    The India-UK Comprehensive Economic and Trade Agreement entered into force with zero-duty market access for nearly all Indian exports to the United Kingdom. It is expected to support sectors including textiles, leather, gems and jewellery, engineering goods, marine products, chemicals and processed foods. A bilateral social security agreement has also become operational. The arrangement reduces Indian import duties on specified United Kingdom goods, including Scotch whisky and premium UK-built cars.
    July 15, 2026
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    Middle East energy export disruption risks raise oil prices and unsettle global equity markets amid renewed conflict.
    Middle East energy-export disruption risks increased following renewed conflict and a threatened halt to regional oil and gas exports amid a blockade of Iranian ports. Concerns over the security of shipping through the Strait of Hormuz contributed to higher oil prices and reduced Gulf traffic flows, reflecting the potential for wider interruption of energy transportation. Global equity markets showed mixed movements as investors assessed escalating conflict, oil-supply disruption, inflation data and corporate earnings.
    July 15, 2026
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    Apricot export facilitation enables overseas market access through exporter-managed supply chains, cold-chain transport, and proposed local processing capacity.
    Apricot export facilitation for Ladakh's indigenous Raktsey Karpo and Halman varieties is being implemented through an agreement under which exporters manage harvesting, sorting, grading, packing, transportation and marketing. Administrative measures include transport monitoring, expedited transit arrangements and cold-chain support for perishable produce. A proposed apricot processing unit is intended to improve value addition, address short shelf life and support smoother exports while reducing post-harvest losses.
    July 15, 2026
    Show AI Summary
    India-UK trade agreement expands market access, tariff reductions, services trade and professional mobility across identified commercial sectors.
    The India-UK Comprehensive Economic and Trade Agreement entered into force as a free trade arrangement intended to expand bilateral market access and promote movement of goods and services. It provides for tariff reductions and supports trade, services and professional mobility. The agreement is expected to create opportunities for businesses, entrepreneurs, farmers, manufacturers, MSMEs and skilled workers, including in textiles, leather, gems and jewellery, engineering goods, marine products, chemicals and processed foods.
    July 15, 2026
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    Punitive tariffs for Russian oil purchases could make trade duties a geopolitical mechanism targeting India and other countries.
    Proposed United States tariff legislation would impose punitive tariffs on India and other specified countries for purchasing oil from Russia. Certain European countries purchasing Russian gas would be exempted on the stated basis that their purchases are limited and that they are reducing dependence on Russia. If enacted, the measure would expressly authorise tariffs as a geopolitical mechanism directed at countries considered to be financing another nation's war effort.
    July 15, 2026
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    Strait of Hormuz transit rights remain contested as blockade measures, toll disputes, and hostilities threaten regional energy exports.
    Maritime access through the Strait of Hormuz is disputed following the reimposition of a naval blockade, retaliatory threats affecting regional energy exports, and attacks on shipping routes. An interim arrangement had provided for toll-free transit during a limited negotiating period but left the later regulatory position unresolved. One side asserts a right to regulate traffic and potentially levy transit charges, while the opposing position maintains that passage should remain open without tolls. Continuing hostilities and stalled negotiations threaten navigational access and energy trade flows.
    July 15, 2026
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    Major banking shareholding acquisitions: draft directions propose simplified approval for subsequent investments by institutional fund categories.
    Draft directions propose a simplified approval process for subsequent acquisitions of major shareholding or voting rights in banking companies by mutual funds, insurance companies and pension funds. The proposals cover commercial banks, small finance banks, payments banks and local area banks. Regulated entities, the public and other stakeholders may provide feedback through the Reserve Bank's online consultation facility or by email within the stated consultation period.
    July 15, 2026
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    Wholesale and producer price indices report rising June inflation, revisions to April estimates, and manufacturing input-price movements.
    Provisional June 2026 and final April 2026 estimates are reported for the Wholesale Price Index, Output Producer Price Index, and trial Input Producer Price Index under the base year 2022-23. Wholesale inflation increased year-on-year, driven principally by mineral oils, food articles, basic metals, and chemicals and chemical products. April WPI and Output PPI estimates were revised upward, while the April trial Input PPI was revised downward. The release also provides group-wise monthly and cumulative index data, weighted response rates for WPI estimates, and provisional and final data classifications.
    July 15, 2026
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    India-UK trade agreement operationalisation expands market access, tariff reductions, skilled mobility and social security support for enterprises and professionals.
    The India-United Kingdom Comprehensive Economic and Trade Agreement is intended to facilitate greater two-way movement of goods and services through tariff reductions and stronger access to the UK market for farmers, entrepreneurs, MSMEs and other sectors. Together with the Agreement on Social Security, it is described as promoting cooperation in technology, professional services and innovation, supporting mobility for skilled Indian talent, and assisting Indian professionals temporarily working in the UK.
    July 15, 2026
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    Zero-duty market access under the India-UK trade pact expands opportunities for domestic goods, enterprises, professionals and skilled mobility.
    The India-UK Comprehensive Economic and Trade Agreement has been operationalised, enabling a range of domestic goods to enter the UK market at zero customs duty and expanding market access for Indian farmers, entrepreneurs and micro, small and medium enterprises. A social security agreement has also entered into force to support Indian professionals temporarily working in the UK, improve enterprise competitiveness, and complement cooperation in technology, professional services, innovation and skilled-worker mobility.
    July 15, 2026
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    Accredited photovoltaic module testing strengthens reliability validation, safety qualification, and in-house product development under internationally recognised laboratory quality standards.
    NABL accreditation under ISO/IEC 17025:2017 recognises a photovoltaic module laboratory's technical competence to conduct testing through accepted procedures, calibrated equipment, qualified personnel and quality-management controls. Its scope includes module design and safety qualification, degradation testing and high-temperature operating-condition assessment. Environmental, electrical and mechanical evaluations-including thermal cycling, damp heat, humidity freeze, UV exposure, mechanical loads, leakage current, insulation and power testing-support design verification, reliability analysis, manufacturing consistency and product development.

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      India Emerges as a Strong Growth Driver in Hong Kong's MICE Tourism

      September 17, 2025

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      Hong Kong Tourism Board introduced new and exclusive group experiences set to impress, India market being one of the fastest-growing markets with heightened demand for incentive group travel Hong Kong (NewsVoir) Hong Kong’s Meetings, Incentives, Conventions and Exhibitions (MICE) sector is experiencing a robust recovery, welcoming 1.42 million overnight MICE visitors in 2024 - a 10% increase from 2023 and reaching 80% of pre-pandemic levels. India has emerged as a strong driver. In 2024, Indian arrivals surged more than 70% overall compared to 2023, with HKTB aiming to double arrivals to surpass pre-Covid levels. Building on this momentum and heightened demand from India market, the Hong Kong Tourism Board (HKTB) has concluded two high-impact familiarization (FAM) tours to position Hong Kong as the premier MICE destination for the Indian market, showcasing the city’s state-of-the-art infrastructure, incentive experiences, and large-scale new attractions. “These initiatives reaffirm Hong Kong’s position as Asia’s leading business events hub,” said Puneet Kumar, Director - South Asia, Hong Kong Tourism Board. “India is among top 5 source markets for incentive group travel and one of the fastest-growing MICE markets for Hong Kong. We have registered a robust demand from Indian corporates to stage events and a strong pipeline of business from strategic travel partners emphasises Hong Kong’s strong appeal and India’s immense potential. With Hong Kong’s world-class infrastructure, unique to Hong Kong experiences, exciting cruise itineraries and over 200 mega events annually, the city is fully equipped to host everything from large-scale incentive programmes to bespoke corporate events. India remains a vital growth market, and we look forward to deepening our engagement with its MICE sector.” The Next Stop: Hong Kong – Corporate Buyers Familiarization Tour held from 8 to 11 June 2025, welcomed senior representatives from 8 of India’s leading corporations. Their testimonials highlighted Hong Kong’s rich culture, warm hospitality, and its distinctive mix of cruise and land offerings, reinforcing its position as a preferred incentive destination. Together, these companies represent significant outbound MICE potential, with annual incentive groups ranging from 400 to over 4,000 participants. Highlights included: 1. Site Visits: Kerry Hotel, Hong Kong and Kowloon Shangri-La, HKIA VIP Lounge 2. East Meets West: 2025 Sun Life Hong Kong International Dragon Boat Races, and a twilight racing experience at the Hong Kong Jockey Club’s Sha Tin Racecourse, 3. Yacht Tourism: Aqua Luna Evening Harbour Cruise and Yacht experience from Tsim Sha Tsui to Discover Bay 4. Exploring signature attractions such as The Peak, Sky Terrace 428 and Peak Tram Experience, Ngong Ping 360 Cable Car experience and a visit to Ngong Ping Village 5. World Class Excitement at Water World Ocean Park, and Hong Kong Disneyland—complete with a tour of the World of Frozen and a VIP viewing of the Momentous nighttime spectacular 6. Team experiences: Interactive workshops, such as a DFS fragrance workshop and a traditional Tai Chi class, that demonstrated the depth of unique yet customisable experiences available for incentive groups. The second leg of the familiarisation tour, All Aboard! Hong Kong MICE - Cruise Familiarization Tour took place from July 16 to July 21, 2025. This segment was specifically designed for top travel intermediaries from 5 key source markets such as Delhi, Mumbai, Bengaluru, Chennai and Hyderabad specialising in meetings and incentive group travel, showcasing Hong Kong’s latest infrastructure, new developments and its growing appeal as a cruise hub. During the tour, delegates had an opportunity to explore landmark venues, including the West Kowloon Cultural District, featuring M+ and the Xiqu Centre. The group experienced the 2-night cruise from Hong Kong aboard the Star Voyager, operated by StarDream Cruises. The cruise programme blended leisure and entertainment with curated experiences, including onboard cocktails, themed dining, high on entertainment production show, a Caribbean pool party, as well as ship tours and presentations that showcased StarDream Cruises’ offerings curated for the India market. Delegates enjoyed an exceptional land experience throughout their stay, which included some of the best hotels operated by Marriott International Hotels and an exciting evening derby racing experience at the Hong Kong Jockey Club Happy Valley Racecourse. They explored signature attractions such as the party tram to navigate the old and new Hong Kong, The Peak tram, witnessed the newest twin pandas at Ocean Park Hong Kong, and enjoyed a VIP viewing of the Momentous nighttime spectacular at Hong Kong Disneyland. These initiatives signal HKTB’s commitment to cultivate the India market by providing destination immersion for clients and trade partners as part of a support system for MICE planners. Discussions during the FAMs detailed the comprehensive incentive schemes, in-town hospitality rewards available for groups from 20 to over 400 delegates. HKTB also showcased its Hong Kong Incentive Playbook, a dedicated program featuring over 100 curated experiences and over 40 team building ideas across arts, culture, nightlife, entertainment and wellness, empowering travel agents to design unique, high on experience. While outlining future priorities, Kumar said, In 2025, MICE visitors from India to Hong Kong recorded a strong double digit year-on-year increase. Between January and August 2025 alone, we welcomed 262,000 Indian visitors across all key segments including MICE. With India emerging as one of Hong Kong’s fastest-growing MICE markets, we aim to further diversify our experiences and offerings to reinforce Hong Kong’s position as the leading MICE destination in the region.” Photo and Video for Media: The Next Stop: Hong Kong - Corporate Buyers Familiarisation Tour (watch video), All Aboard! Hong Kong MICE - Cruise Familiarization Tour (watch video) About Hong Kong Tourism Board (HKTB) The Hong Kong Tourism Board (HKTB) is a government-subvented body tasked to market and promote Hong Kong as a travel destination worldwide and enhance visitors’ experience once they arrive. These include making recommendations to the Government and other relevant bodies on the range and quality of visitor facilities. The HKTB’s missions are to maximise the social and economic contribution made by tourism to the community of Hong Kong and to consolidate Hong Kong’s position as a unique, world-class, and most desired destination. (Disclaimer: The above press release comes to you under an arrangement with Newsvoir and PTI takes no editorial responsibility for the same.). PTI

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