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    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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    Cabinet approves two multitracking projects covering Four Districts across Odisha and Jharkhand, increasing the existing network of Indian Railways by...
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    China's GDP growth slows sharply in second quarter, misses target
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    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
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    July 15, 2026
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    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.
    July 15, 2026
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    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
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    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
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    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
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    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
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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.
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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.
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    Personal loan disbursal incentives provide eligible borrowers reward bundles, subject to eligibility conditions, verification, assessment and applicable terms.
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    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
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    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.

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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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