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    PM Modi, UK PM Burnham commit to harnessing full potential of mega trade deal
    ITC Q1 profit declines 15.6 pc to Rs 4,508.79 cr; non-cigarette FMCG posts robust growth
    Punjab extends deadline of one-time scheme for settling tax dues of pre-GST period till Sept 30
    PM Modi speaks to UK counterpart Burnham
    Bank credit to industry records robust growth of 19.2 pc in June: RBI data
    Delhi protesters' fingerprints collected from stones for identification via Aadhaar: BJP minister
    Cabinet approves Rs 84,084-cr offshore exploration scheme; govt to fund up to Rs 650 cr per well
    India's forex reserves jump USD 6.12 bn to USD 682.35 bn
    Jharkhand signs pact with CSC eStore to make SHG products made by women available online
    APEDA Facilitates First-Ever Air Shipment of Karnataka's Neelam and Totapuri Mangoes to the Maldives
    Favara-UPI Cross-Border Payment Corridor Goes Live Between Maldives and India
    SC upholds NCLAT order setting aside CCI's Rs 301.6-cr penalty on Grasim Industries
    China's factory activity unexpectedly slips into contraction in July
    PM Modi to inaugurate Bhogapuram Airport on Aug 1 in Andhra Pradesh
    Rupee rises 20 paise to 95.30 against US dollar in early trade
    APEDA Facilitates First-Ever Sea Shipment of Value-Added Flavoured Makhana from Bihar to Canada
    Indian envoy meets Chinese commerce ministry official; Calls for enhanced market access
    ED attaches Rs 94 crore in foreign bank account in fraud case against Delhi-based rice firm
    Ensure uniform deposit rates across all branches: RBI tells banks
    PM takes stock of geo-political situation, safety of seafarers, supply chain constraints
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    July 31, 2026
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    India-UK trade agreement enables duty-free access and bilateral cooperation on investment, technology, and strategic partnership.
    The India-UK Comprehensive Economic and Trade Agreement provides zero-duty market access in the UK for nearly 99 per cent of India's exports and is intended to expand bilateral trade and investment opportunities. The governments committed to maximise its benefits through the Comprehensive Strategic Partnership, including cooperation on technology, innovation, security, clean energy, education and people-to-people links. Advanced technology collaboration, including artificial intelligence, is also contemplated.
    July 31, 2026
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    Excise duty increases on cigarettes pressured profitability, while calibrated pricing and FMCG growth supported market resilience.
    Excise duty increases on cigarettes affected consolidated profitability, prompting calibrated pricing and portfolio measures to protect market share and limit migration to illicit trade. The cigarette portfolio was re-architected across price points through value-accretive offerings and staggered pricing actions. Non-cigarette FMCG growth was supported by demand for packaged foods, dairy and personal-care products. Input-cost inflation was mitigated through inventory cover, commodity hedging and price-volume rebalancing amid crude-price volatility, supply-chain disruption and imported inflation concerns.
    July 31, 2026
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    One-Time Settlement Scheme offers final pre-GST tax dispute resolution relief before stricter recovery action against defaulters begins.
    The One-Time Settlement Scheme 2025 for pre-GST tax dues has been extended until September 30. Eligible taxpayers may resolve pending legacy tax disputes with full waiver of interest and penalties and slab-wise relief in principal tax. After the deadline, recovery action may be intensified under applicable tax laws and the Punjab Land Revenue Act, including property attachment, auction and freezing of bank accounts. The department also supports amicable settlement of tax disputes through the SAMADHAN initiative.
    July 31, 2026
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    Bilateral trade agreement implementation supports expanded trade, investment and strategic cooperation through technology, security, clean energy and community links.
    The India-UK Comprehensive Economic and Trade Agreement was identified as a framework for expanding bilateral trade and investment opportunities following its operationalisation. The two governments proposed closer cooperation to use the agreement for shared prosperity, while advancing their comprehensive strategic partnership through technology, innovation, defence, security, clean energy, education and people-to-people links.
    July 31, 2026
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    Sectoral bank credit growth reflects broad-based expansion across industry, services, agriculture and personal loans, with slower credit-card growth.
    Sectoral bank credit growth accelerated across non-food lending, agriculture, industry, services and personal loans. Industrial credit expanded across micro and small, medium and large enterprises, with strong lending to infrastructure, engineering, food processing, textiles, construction, metals, petroleum-related products and chemical products. Services lending was supported by non-banking financial companies, commercial real estate and trade. Vehicle and housing loans maintained double-digit growth, while credit-card outstanding growth decelerated.
    July 31, 2026
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    Biometric identification of protesters through alleged fingerprint-Aadhaar linkage was described alongside criminal-background profiling and database creation.
    Biometric identification of protesters through fingerprints recovered from alleged stone-pelting evidence was publicly described as a proposed investigative method. A minister stated that fingerprints allegedly found on stones would be linked with Aadhaar numbers to identify participants and examine their prior records. The account also referred to analysis and categorisation of detained protesters' criminal backgrounds, creation of a separate database, and proposed action against participants described as anti-social elements or persons with criminal records.
    July 31, 2026
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    Offshore hydrocarbon exploration support funds high-risk deepwater drilling, shared infrastructure and data acquisition to strengthen domestic energy production.
    The National Offshore Exploration Scheme provides public support for deepwater and ultra-deepwater oil and gas exploration, including seismic and offshore data acquisition, exploratory drilling in frontier basins, and common production and evacuation infrastructure. It addresses the high cost and geological uncertainty of offshore drilling and includes technology adoption, digital programme management, capacity building and collaboration measures. The scheme seeks to expand domestic hydrocarbon discoveries and production, attract investment across the exploration and production value chain, and reduce reliance on imported oil and gas.
    July 31, 2026
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    Foreign exchange reserves increased as foreign currency assets and gold holdings rose, alongside measures to attract forex inflows.
    India's foreign exchange reserves increased during the reporting week, principally because foreign currency assets and gold reserves rose. Foreign currency assets, expressed in United States dollar terms, include valuation effects from movements in currencies such as the euro, pound and yen. Special Drawing Rights and the reserve position with the International Monetary Fund declined. Measures including the FCNR(B) measure were reported as efforts to attract foreign-exchange inflows following rupee pressure and dollar-sales intervention.
    July 31, 2026
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    Digital marketplace access for women's self-help group products expands e-commerce opportunities while panchayat-level citizen services are strengthened.
    Digital marketplace access for women's self-help group products is proposed through a memorandum of understanding between CSC eStore and the Jharkhand State Livelihood Promotion Society. Products marketed under the 'Palash' and 'Adiva' brands are intended to be offered through an e-commerce network to widen market access, support rural women's income and entrepreneurship, and strengthen the rural economy. Digital panchayat services are also being expanded through Common Service Centres, including banking, e-governance and Aadhaar-related services.
    July 31, 2026
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    Agricultural export facilitation expands market access for late-season mangoes through farmer aggregation and direct global market linkages.
    Agricultural export facilitation enabled an air shipment of late-season Neelam and Totapuri mangoes to an international market, expanding market access and extending the mango export season. Direct sourcing through a Farmer Producer Company supported organised aggregation, quality produce, and export-oriented supply chains. Direct procurement and export market linkages enabled participating farmers to realise higher returns than conventional market channels while promoting horticultural export diversification.
    July 31, 2026
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    Cross-border digital payment integration enables real-time Favara transfers from Maldives mobile banking applications to UPI-enabled accounts in India.
    Cross-border digital payment integration between Favara and UPI enables individuals in the Maldives to make real-time person-to-person transfers to UPI-enabled bank accounts in India through mobile banking applications. Transfers are initiated in Maldivian Rufiyaa and credited in Indian Rupees. The initial service is available through participating Maldivian banks. Permitted remittances include family-maintenance transfers under foreign inward and outward remittance categories, and gift-related transfers under foreign outward remittance. Future phases are intended to introduce QR-based merchant payments and other digital payment services.
    July 31, 2026
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    Procedural Fair Hearing in competition inquiries requires notice when the Commission departs from investigative findings before imposing action.
    Competition law procedure requires the Competition Commission to notify and hear an opposite party when departing from the Director General's findings. The penalty order concerning alleged abuse of dominance in viscose staple fibre supply was set aside because Grasim Industries was not given an opportunity to respond to the Commission's disagreement with the investigative findings. The matter was remanded for fresh, time-bound consideration without a finding on the merits.
    July 31, 2026
    Show AI Summary
    Manufacturing contraction highlights weak domestic demand, property-sector pressure and continued reliance on technology-related exports for economic growth.
    Manufacturing activity in China contracted in July, as the official purchasing managers' index fell below the expansion threshold and new orders and production declined. Weak domestic demand, lower building activity and possible typhoon-related disruptions contributed to the slowdown. Consumer spending, investment and property-sector weakness continue to affect confidence, while technology-related exports support growth. Policy commitments include strengthening domestic consumption amid continued reliance on exports.
    July 31, 2026
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    Public-private partnership airport development strengthens aviation, cargo logistics, export infrastructure and sustainable connectivity through an integrated international airport project.
    The Bhogapuram airport project is being implemented under a Public-Private Partnership through the Design, Build, Finance, Operate and Transfer framework. It has obtained required aerodrome, safety, fire and environmental clearances and includes infrastructure for domestic and international aviation, passenger processing and airport security. Cargo and cold-chain facilities are intended to support exports and logistics integration, while recycled-water use and LEED Platinum standards form part of the project's sustainability features.
    July 31, 2026
    Show AI Summary
    Rupee appreciation against the US dollar continued as foreign inflows and lower crude prices supported domestic currency markets.
    Rupee appreciation against the US dollar continued in early trading, supported by foreign capital inflows and lower global crude oil prices. A stronger US dollar constrained further appreciation, while expectations of continued Reserve Bank of India intervention were cited as supporting the rupee. Declining Brent crude prices, gains in domestic equity indices and net foreign institutional investment in equities were also identified as relevant market factors.
    July 31, 2026
    Show AI Summary
    Value-added Makhana exports expand international market access, support quality compliance, and improve farmer returns through processing and branding.
    Agricultural export facilitation supported the first sea shipment of value-added flavoured Makhana from Bihar to Canada. Processed and packaged to international quality and food-safety standards, the export demonstrates the role of processing, value addition and export-oriented manufacturing in expanding overseas market access. The initiative is stated to improve farmer returns through value addition, while capacity building, export infrastructure, quality compliance, market linkages and stakeholder collaboration support the agri-export ecosystem.
    July 30, 2026
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    Market access for Indian pharmaceuticals remains central to bilateral efforts to promote sustainable trade and economic cooperation.
    Enhanced market access for Indian products, particularly pharmaceuticals, was raised in discussions aimed at strengthening bilateral trade and economic ties. The discussions addressed sustainable trade, and the sides agreed to increase mutual cooperation and communication. India continues to seek greater access to China's information technology, pharmaceutical and agricultural sectors, while pursuing increased pharmaceutical exports and Chinese investment. Bilateral trade increased, but India's trade deficit widened, reflecting an ongoing imbalance in trade flows.
    July 30, 2026
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    Money laundering asset attachment targets overseas bank deposits linked to alleged loan fraud and fugitive economic offenders.
    Provisional attachment under the Prevention of Money Laundering Act was reported against Singapore bank deposits held by a company promoter and associated entities in an alleged loan-fraud and money-laundering investigation. The underlying case arises from allegations of fraud, criminal misappropriation, criminal breach of trust and cheating affecting a consortium of lending banks. Service of the attachment order was reported through mutual legal-assistance arrangements, and the promoters had reportedly been declared fugitive economic offenders.
    July 30, 2026
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    Deposit interest rate uniformity requires equal rates for similar deposits, while allowing risk-based differentiation for bulk deposits.
    Banks must apply uniform deposit interest rates across branches and customers for similar deposit amounts accepted on the same date, without discrimination. Rates payable, including for bulk deposits, must strictly follow schedules disclosed in advance on bank websites. Bulk deposit rates must be published each business day at 10:00 am, subject to a short permitted delay. Differentiated bulk-deposit rates may be offered based on applicable differential run-off rates under the Liquidity Coverage Ratio framework.
    July 30, 2026
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    Supply-chain continuity measures prioritise energy, fertiliser and seafarer protection amid conflict-driven disruptions across critical maritime transit routes.
    Supply-chain continuity and energy security measures were reviewed in response to geopolitical conflicts disrupting maritime transit routes and imports. Measures included diversification of LPG procurement, maintenance of petroleum stocks, expansion of PNG, gas-grid, LNG and city-gas infrastructure, and pipeline connectivity approvals. Fertiliser requirements and alternative procurement sources were considered to ensure uninterrupted supply. A unified monitoring mechanism and support arrangements for seafarers, including timely information, emergency assistance and counselling, were directed to protect citizens, economic interests and the Indian diaspora.

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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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