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    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
    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
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    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
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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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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.

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      Indian Startup’s Patented Tech Promises Cancer Detection in Just One Breath

      November 1, 2025

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      Indian deep-tech startup Accubits Invent Pvt Ltd has secured a patent for its revolutionary breath-based VOC sensor, marking a major leap forward in global healthcare innovation. The technology is capable of detecting diseases like cancer, tuberculosis, and metabolic disorders within minutes — positions India at the forefront of non-invasive medical diagnostics.

      Accubits Invent’s patented sensor technology, VolTrac, represents a major breakthrough in non-invasive disease screening. The device analyzes Volatile Organic Compounds (VOCs) emitted through human breath and sweat — biological markers that reflect specific metabolic changes in the body. Every disease produces a distinct VOC signature, and VolTrac sensors can identify these molecular patterns in under 90 seconds, achieving a lab verified accuracy rate of 98.5%. They have made the disease screening device using their proprietary sensors.

      Founded by Dr. Nidhin Sreekumar, a chemical engineer, Accubits Invent originated from research on how plants communicate through VOCs, later translating this understanding to human biochemistry. Operating from the Bio360 Life Sciences Park in Thiruvananthapuram, the company integrates biotechnology, artificial intelligence, and material science to create robust diagnostic platforms.

      “VolTrac works just like a breath analyser — but instead of alcohol, it detects disease” said Dr. Nidhin Sreekumar, Co-founder and Managing Director of Accubits Invent. “By enabling early, non-invasive screening, we can save millions of lives and significantly reduce healthcare costs.” The scope of VolTrac extends across multiple domains of healthcare: • Early disease screening for conditions such as cancers, diabetes, liver disorders, neurodegenerative disorders and respiratory infections.

      • Point-of-care screening in rural or low-resource settings where traditional lab infrastructure is unavailable.

      • Continuous health monitoring for high-risk populations and post-treatment recovery assessment.

      • Public health surveillance, enabling rapid detection of outbreaks through aggregated VOC pattern analysis.

      VolTrac can be deployed in clinics, airports, schools, and telemedicine networks, making advanced screening accessible at scale.

      “India has immense potential in deep-tech research. Our mission is to harness technology for the betterment of humanity,” said Dr. Aswathy, Co-founder and expert in microbiology and formulation science.

      The story of Invent begins with a spark of curiosity inspired by Google’s 2019 April Fool’s “Google Tulip” video, which humorously suggested that plants could communicate. Instead of laughing, the team at Accubits Invent wondered if this could be made real — and began developing sensors to detect the volatile organic compounds (VOCs) that plants emit when under stress. Overcoming the limits of existing technology, they created an ultra-sensitive chemi-resistive sensor capable of detecting VOCs at parts-per-trillion levels, a breakthrough that led to a 2024 patent. This innovation evolved from monitoring plant health to revolutionizing human diagnostics and environmental safety.

      Accubits Invent has also developed DeTecX, a rapid air-quality and hygiene monitoring system tailored for hospitals and high-traffic public spaces. DeTecX detects airborne pathogens and microbial contamination within 15 seconds, issuing real-time color-coded alerts—green for safe, yellow for caution, and red for high contamination risk. This technology is designed to tackle Hospital-Acquired Infections (HAIs), which affect millions globally and often go underreported.

      “Our goal is to make healthcare environments safer,” said Karthik Chandran, Head of Operations. “DeTecX continuously monitors air quality and hygiene to prevent infections before they spread.” The scope of DeTecX also extends across multiple domains: • Agriculture & Precision Farming- DeTecX enables early detection of plant stress, pest or disease onset, and real-time assessment of ripening, perishability, and freshness to enhance crop management and post-harvest quality.

      • Industrial & Transportation Applications- DeTecX also enables vehicle cabin air-hygiene monitoring, industrial emissions tracking, and process safety assurance, with IoT connectivity for centralized monitoring, predictive maintenance, and regulatory compliance.

      Both VolTrac and DeTecX contribute to a broader vision of preventive, data-driven, and accessible healthcare. The devices offer: • Cost reduction: Eliminating expensive laboratory procedures and enabling faster turnaround.

      • Early intervention: Identifying diseases in asymptomatic or early stages, significantly improving outcomes.

      • Epidemiological value: Creating VOC-based datasets that can inform national disease surveillance and AI-driven predictive health models.

      • Sustainability: Minimizing biomedical waste through non-invasive screening.

      With its patent granted in 2024, Accubits Invent is now preparing for clinical trials and regulatory certification, targeting commercial rollout shortly. Both products are being developed to be affordably priced and scalable, ensuring deployment across hospitals, schools, community health centers, and rural outreach programs.

      With sufficient data points and unique sensor arrays, an universal olfactory system could be made, which could potentially become a physical AI system, capable of predicting any potential health issues even before any symptoms arise. This is our long term vision at Invent.

      “We’re proud to see an Indian innovation poised to transform global health diagnostics, This is Make in India — for the world” added Dr. Nidhin.

      About Accubits Invent Pvt Ltd Founded in 2020, Accubits Invent Pvt Ltd is an Indian deep-tech research company specializing in VOC-based sensing technologies, biotechnology, and AI-driven diagnostics. Operating from Bio360 Life Sciences Park, Thiruvananthapuram, the company’s mission is to pioneer affordable and scalable health technologies that bridge the gap between scientific discovery and everyday healthcare.

      (Disclaimer: The above press release comes to you under an arrangement with NRDPL and PTI takes no editorial responsibility for the same.). PTI PWR

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