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    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
    Kolkata flags off first jewellery exports to UK under CETA
    UK-India trade pact comes into force; Envoy Cameron hails it as 'gold standard'
    RBI issues draft ‘Guidance on Regulatory Expectations for Data Governance’
    Govt unveils Rs 1.9 lakh cr semiconductor, mobile manufacturing push
    India-UK trade pact takes effect as Modi says deal will deepen economic ties and boost exports
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    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
    Show AI Summary
    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
    Show AI Summary
    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
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    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
    Show AI Summary
    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
    Show AI Summary
    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.
    July 15, 2026
    Show AI Summary
    Zero-duty market access under CETA enables Indian jewellery exporters to enter overseas markets without import tariffs.
    Zero-duty access under the India-UK Comprehensive Economic and Trade Agreement enables eligible Indian gem and jewellery exports to enter the United Kingdom market without UK import tariffs. The agreement is expected to improve market access and support value-added manufacturing, employment, skill development, and the participation of artisans, micro, small and medium enterprises, and exporters in West Bengal's gem and jewellery sector.
    July 15, 2026
    Show AI Summary
    UK-India trade agreement introduces wider market access, tariff reductions and social security arrangements to support bilateral commerce.
    The UK-India Comprehensive Economic and Trade Agreement has entered into force, providing expanded market access, tariff reduction and trade facilitation. India receives zero-duty access for nearly all exports to the UK, while UK products entering India receive duty-free or reduced-tariff treatment. The framework covers goods including textiles, leather, engineering products, food, cosmetics, alcoholic beverages and premium cars. A bilateral social security agreement has also been operationalised to support wider commercial engagement.
    July 15, 2026
    Show AI Summary
    Data governance expectations propose stronger lifecycle controls, quality standards, accountability and third-party data-sharing safeguards for regulated financial entities.
    Draft regulatory guidance on data governance proposes expectations for regulated financial entities to maintain data that is accurate, consistent, secure and fit for purpose. The framework addresses data-governance arrangements, defined roles, data architecture, metadata and data lineage, data quality, and third-party data-sharing arrangements. It applies to specified banking entities, financial institutions, non-banking financial companies, asset reconstruction companies and credit information companies, and invites stakeholder feedback on the proposed framework.
    July 15, 2026
    Show AI Summary
    Semiconductor and mobile manufacturing incentives support domestic production, component sourcing, design investment, exports and resilient electronics supply chains.
    Semicon 2.0 and the Mobile Phone Manufacturing Scheme provide manufacturing support to expand domestic electronics production, exports and local value addition. Semicon 2.0 covers chip design, equipment and materials, fabrication, advanced packaging and testing, research, and talent development, while supporting semiconductor intellectual property and critical-component manufacturing. The mobile-phone scheme provides production-linked incentives linked to eligible sales, with additional support for domestic component sourcing and Indian investment in product design and research. The measures seek to reduce import dependence and strengthen domestic critical-technology capabilities.
    July 15, 2026
    Show AI Summary
    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.

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      Definitive mechanism needed to bring back all fugitives to face Indian laws: Amit Shah

      October 16, 2025

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      New Delhi, Oct 16 (PTI) Union Home Minister Amit Shah on Thursday said a "ruthless approach" must be adopted to bring every fugitive before the Indian justice system in a time-bound manner.

      He also underlined that India cannot be truly secure until those residing abroad and harming the country's economy, sovereignty, and security begin to fear the Indian laws.

      Addressing a conference on 'Extradition of Fugitives - Challenges and Strategies' organised by the CBI here, Shah asked all the states to set up at least one prison cell of international standards to blunt the claims of poor standards of Indian jails often made by fugitives in foreign courts to counter their extradition proceedings.

      The home minister also suggested developing a coordination mechanism between the passport issuance process and the law enforcement agencies, so that when the process of issuing a Red Corner Notice begins against any offender, their passport can be red-flagged.

      "It is not a difficult thing to do with the present technologies. When a red notice is issued, the passport should be cancelled to block the fugitive's international travel. If we can build this provision into the system, it will help bring the fugitives back," Shah said.

      Several fugitives like Vijay Mallya, Nirav Modi and Mehul Choksi have raised the issue of poor conditions of Indian prisons to counter their extradition cases in foreign courts.

      India has 338 extradition requests pending with various countries.

      Earlier, CBI Director Praveen Sood said in his welcome address that India issued a record 199 Interpol notices in 2025, which is more than double compared to 2024, when 96 Interpol notices were issued -- 52 red and 44 blue. As many 189 notices were issued in the first nine months of 2025, including 79 red notices and 110 blue notices, Sood said.

      "So far, Interpol has published a total of 957 red notices against fugitives. Of these, 231 are related to CBI cases, 130 to NIA, 21 to ED, 12 to NCB cases, and the remaining to various state police forces," he said.

      Sood, however, said one cannot take pride in these figures just yet for two reasons -- first, the number is still relatively low compared to other countries, and second, the real work begins only after the notices are published.

      At the conference, which was also attended by Home Secretary Govind Mohan, Foreign Secretary Vikram Misri, and Director of Intelligence Bureau, Tapan Kumar Deka, Shah said that while maintaining a zero-tolerance policy against corruption, crime and terrorism within the country, "we must also adopt a zero-tolerance approach towards those operating such activities from beyond India's borders".

      "It is our responsibility to bring all such criminals under the purview of Indian laws and to create a robust mechanism for this purpose," he said.

      The home minister said India cannot be truly secure until those residing abroad who harm the country's economy, sovereignty and security begin to fear the Indian justice system.

      Shah said it should be a collective resolve that no matter how cunning a criminal may be, the reach of justice must be even swifter.

      The issue of fugitive criminals is linked to the country's sovereignty, economic stability, law and order, and national security, he said.

      Asserting that after a long time, a structured approach is being developed on this subject, the home minister said that time has come to ensure a system that adopts a "ruthless approach" and brings every fugitive before Indian laws in a time-bound manner.

      Shah said two crucial aspects -- assurance and ecosystem -- are essential to apprehend any fugitive, as he stressed the need to eliminate the assurance in the minds of fugitive criminals that the law cannot reach them.

      He said the ecosystem of legal, financial, and political support must be dismantled, and the institutional nexus created by fugitives abroad eradicated.

      The home minister suggested that with the cooperation of the CBI, every state must establish a unit dedicated to creating a mechanism for bringing back fugitives who committed crimes and fled the state.

      This effort must be accelerated through a "whole of government" approach.

      Shah also asked the agencies to use "to the fullest extent" Sections 355 and 356 of the Bharatiya Nagrik Suraksha Sanhita (BNSS), which provide for 'trial in absentia' that has been included in the law for the first time since India's Independence, allowing trials of fugitives to proceed even in their absence.

      The actionable points emerging from this conference, along with the Bharatpol and 'trial in absentia' provisions, should be integrated to create a mechanism within both state police forces and all Central agencies, with the CBI officially overseeing it, he said.

      Shah also suggested establishing a robust system for sharing the database of fugitives with police forces across the country.

      Besides, a focused group should be formed within the police force in every state to coordinate on narcotics, terrorism, financial and cyber crimes with the CBI, he said.

      Shah asked the Intelligence Bureau (IB) and the CBI to strengthen and accelerate this focus group through the multi-agency centre (MAC).

      Every state police force should quickly set up an expert special cell to ensure effective preparation of extradition cases with guidance from the CBI, Shah said, adding that the central agency should also create a dedicated division to guide these cells.

      Shah said a special campaign should be launched to convert the existing Blue Corner notices into Red Corner notices, for which a dedicated cell should be created in every state.

      A zero-tolerance approach must be adopted not only against corruption, crime and terrorism, but also against criminals operating from outside India, Shah said.

      Efforts must be made to bring all fugitives within the ambit of law and to establish a definite mechanism for this purpose, he added.

      "Whether they are economic offenders, cyber criminals, those involved in terrorist activities or part of organised crime networks, a ruthless approach must be adopted against every fugitive to ensure they are brought before the Indian justice system. The time has come for this," Shah said.

      Senior officials from the Cabinet secretariat, IB, external affairs ministry, CBI, ED, NTRO, FIU, CBDT, NCB, NIA, and Mumbai Police will deliberate on key issues during the conference, ranging from Bharatpol and Interpol products, geo-locating fugitives, bringing them back, strengthening cases in foreign jurisdictions, pursuit of fugitives, and tracking the money trail.

      A session by Helen Malcolm, a well-established extradition advocate from the UK's Crown Prosecution Service, is of special interest, with many high-profile fugitives such as Vijay Mallya, Sanjay Bhandari, Nirav Modi, Vir Karan Awasthy, and Ritika Awasthy presently living in the UK with Indian agencies finding it difficult to seek their repatriation to face the law here.

      The home minister asserted that the Modi government has undertaken foolproof measures to ensure that no offender escapes the wrath of the law.

      "Under the leadership of Prime Minister Narendra Modi, a strong India is moving forward to ensure not only security of its borders, but also strengthening the rule of law," Shah said. PTI ABS ACB SKL ARI ARI

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