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    Final US Section 301 Measures on Forced Labour: India Placed in Lower Tariff Tier at 10%
    Department of Commerce Reviews Flue-Cured Virginia (FCV) Tobacco Market Situation in Andhra Pradesh
    Ministry of Corporate Affairs’ ‘Corporate Mitra Scheme’ Awareness Webinar Successfully Organized by IICA Shillong for the youth and enterprises ...
    FM Sitharaman directs Income Tax dept to work for benefit of common people
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    Ratnaveer Precision Engineering Reports 20% Revenue Growth and 21% PAT Growth in Q1 FY27
    India placed in lower tariff tier at 10 pc under US Section 301 measures on forced labour: Govt
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    Trump says US will investigate EU trade practices, claiming bloc unfairly fined tech giants
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    Sri Lanka welcomes US tariff reduction
    DPIIT's One District One Product Initiative Promotes 1,244 Unique Products Across 773 Districts
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    July 27, 2026
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    Section 301 forced-labour measures place Indian imports in a lower tariff tier while preserving specified product exclusions.
    Section 301 forced-labour import measures impose an additional ad valorem duty on imports from India, with India placed in a lower additional-tariff tier than initially proposed. Specified exports that attract no additional duties, and goods already subject to Section 232 measures, remain outside the Section 301 additional duty. A substantial portion of Indian exports is therefore excluded, while the remaining exports are subject to the additional duty. The textile-specific mechanism has not yet been operationalised, and engagement continues in relation to that mechanism and bilateral trade agreement negotiations.
    July 27, 2026
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    FCV tobacco market stability remains under review through coordinated measures to protect growers and maintain transparent auction operations.
    FCV tobacco market stability was reviewed with emphasis on protecting growers' interests and considering long-term measures for the sector. The delegation inspected Tobacco Board auction operations, interacted with growers on prevailing market conditions, and noted the transparent and orderly conduct of auctions. The Government is monitoring developments and examining appropriate measures with the State Government, Tobacco Board and stakeholders to safeguard FCV tobacco farmers' interests.
    July 27, 2026
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    Corporate Mitra Scheme supports MSMEs through accredited professionals delivering affordable compliance, financial, taxation, accounting and governance assistance.
    The Corporate Mitra Scheme seeks to strengthen MSMEs by connecting them with accredited para-professionals providing affordable compliance and business-support services. Corporate Mitras are envisaged to assist with regulatory compliance, finance, taxation, accounting and governance, allowing enterprises to focus on growth. The scheme also trains young graduates in industry-relevant skills and creates employment opportunities. IICA Shillong serves as the nodal agency for coordination, stakeholder liaison, promotion and awareness in the North Eastern Region.
    July 26, 2026
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    Tax administration must deliver timely lawful service, protect public assets, and uphold integrity in tax collection.
    Tax administration should assist common citizens by handling matters within departmental authority without unnecessary delay, while remaining within applicable rules. Government departments should protect public land from illegal occupation and expedite lawful land transfers, permissions, construction arrangements and procurement for departmental premises and accommodation. Integrity is the essential principle for officials performing tax-collection functions.
    July 26, 2026
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    Investment fraud and forged residence certificates prompted chargesheets over alleged misappropriation, fabricated revenue records, land purchases and employment access.
    Criminal chargesheets concerned alleged investment fraud through false promises of high returns and alleged misappropriation of investor funds, involving a company stated to be unregistered with SEBI, RBI and the relevant Registrar of Companies. A separate chargesheet concerned alleged conspiracy to procure permanent resident certificates using forged revenue records, with the certificates allegedly used for land purchases and government employment. Forensic examination reportedly found that the relevant revenue documents were not genuine according to official records.
    July 25, 2026
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    Money-laundering allegations in online rummy gaming prompt prosecution proceedings and asset attachment over suspected cheating of users.
    Money-laundering proceedings concerning online real-money rummy operations include a prosecution complaint against Gameskraft Technologies, RummyTime Technologies, founder-directors and associated persons. The allegations concern proceeds of crime said to arise from cheating users through rummy applications and from an addictive environment encouraging repeated wagering. The proceedings also involve provisional attachment, seizure and freezing of financial holdings, equity interests and immovable properties alleged to be connected with suspected proceeds of crime. The founder-directors' arrests were declared invalid by the Karnataka High Court, while the investigating agency proposes to challenge that order.
    July 25, 2026
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    Banking financial performance reflected loan and deposit growth, improved asset quality, stronger margins and prudent contingency provisioning.
    Quarterly financial performance reflected growth in customer business, loans and deposits, expansion in lending portfolios, an improved CASA ratio and lower cost of funds. Asset quality improved through reductions in gross and net non-performing assets, while profitability indicators improved in relation to net interest margin, cost efficiency, provisions, net profit and return on assets. The bank received credit-guarantee claims for its microfinance portfolio and created a contingency provision for macroeconomic and geopolitical uncertainty. Capital adequacy and common equity tier-one ratios were also reported.
    July 25, 2026
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    Forced-labour import tariffs place Indian goods under an additional duty while exemptions preserve access for specified exports.
    A 10 per cent Section 301 additional import duty applies to specified Indian goods over and above ordinary most-favoured-nation duty, following a forced-labour-related investigation. Generic pharmaceuticals, smartphones, other specified products, and goods already subject to Section 232 sectoral duties remain outside the additional levy. The textile-specific mechanism has not yet been operationalised for India, while tariff-rate quota concessions using US-origin cotton and fibre were announced for certain other economies. India continues engagement on a bilateral trade agreement and tariff access for garments using American inputs.
    July 25, 2026
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    Copper Clad Laminate expansion advances through policy and rights-issue approvals, supporting domestic electronics manufacturing and strategic growth initiatives.
    The company reported progress on a proposed Copper Clad Laminate manufacturing project, including in-principle approval under the Gujarat Electronics Policy and substantial project completion. The facility is intended to support domestic electronics manufacturing and reduce import dependence. It also reported upgraded credit ratings, enhanced rated bank facilities, and stock-exchange in-principle approvals for a proposed rights issue supporting expansion and strategic growth initiatives.
    July 25, 2026
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    US forced-labour tariffs place India in a lower tier while preserving exclusions for specified imports and Section 232 products.
    US Section 301 forced-labour measures impose an additional 10 per cent tariff on imports from India, with India placed in a lower tariff tier than initially proposed. Generic pharmaceuticals, smartphones and certain specified products outside additional duties remain excluded, as do products already covered by Section 232 measures, including steel, aluminium and auto parts. The textile-specific mechanism has not yet been established or operationalised, and engagement continues in connection with bilateral trade agreement negotiations.
    July 25, 2026
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    Money-laundering investigation examines alleged fictitious expenses, circular vendor payments, and consultancy payments without services or deliverables.
    A money-laundering investigation alleges misappropriation through fictitious expense entries, unsupported vouchers, and inflated vendor invoices used to withdraw funds in cash. The Enforcement Directorate further alleges that payments described as software or IT consultancy expenses were made to Exalogic Solutions Pvt Ltd and Veena T without services or deliverables. The report cites statements concerning the alleged sham payments, Exalogic's dependence on company funds, and subsequent transfers from its account. The PMLA case is based on a prosecution complaint concerning suspected financial irregularities.
    July 25, 2026
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    Tax certainty and taxpayer-centric administration drive simplified compliance, reduced litigation, digital service delivery, and stronger voluntary tax compliance.
    Tax administration reform under the Income-tax Act, 2025, rules and forms is directed toward a simpler, transparent and taxpayer-centric system. Key priorities include reducing compliance costs and litigation through tax certainty, faster return processing, refunds, grievance redressal, voluntary compliance and timely appeal disposal. Digital initiatives, including PAN 2.0, ITBA 2.0, IEC 3.0, Kar Saathi and SAKSHAM NUDGE, are intended to simplify compliance and improve taxpayer experience. Capacity building in technology, international taxation, transfer pricing, digital assets and cybersecurity supports this reform agenda.
    July 24, 2026
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    Trade Practice Investigation: Tech-company antitrust fines prompt proposed tariffs and trade sanctions under federal trade law mechanisms.
    A formal investigation into alleged unfair trade practices has been announced in response to European regulatory fines imposed on major United States technology companies. The stated concern is that digital antitrust penalties are unfairly directed at United States businesses, with possible tariffs on European Union imports indicated. The proposed response is linked to Section 301 of the Trade Act of 1974, permitting import taxes and other sanctions against unjustifiable, unreasonable or discriminatory trade practices.
    July 24, 2026
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    Import tariffs and energy costs heighten inflation risks, pressuring consumers, corporate profits and monetary-policy expectations amid market volatility.
    Fresh tariffs on imports, rising energy prices and Middle East conflict are identified as concurrent pressures on global financial markets. The tariff measures apply to nearly all imports into the United States and are paid by importing companies, which typically pass the additional costs to consumers. Higher energy costs and tariffs may increase inflationary pressure, reduce household discretionary spending and affect corporate profitability, while influencing monetary-policy expectations. Investors also questioned whether substantial artificial-intelligence investment can support technology-sector valuations.
    July 24, 2026
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    Responsive tax governance promotes taxpayer convenience, correction of bona fide errors, tax certainty, prompt refunds and prevention of avoidable litigation.
    Responsive tax governance requires convenience for honest taxpayers, correction of bona fide errors and firm consequences for deliberate tax evasion. The Income Tax Act, 2025 is intended to simplify the legal framework, reduce uncertainty and lower compliance costs, supported by stronger electronic filing infrastructure and prompt refund processing. Tax certainty should promote voluntary compliance and shift the focus from litigation management to litigation prevention through consistent guidance, simplified procedures, technology, standardised processes, effective grievance resolution and reduction of recurring taxpayer difficulties.
    July 24, 2026
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    Examination integrity safeguards prompt monitoring, enforcement action and proposed stricter penalties for paper leaks and institutional failures.
    Examination integrity measures include reported termination of agency officials, contemplated legal and criminal action, proposed stricter punishment for paper leaks, and Supreme Court monitoring of preventive steps. The Supreme Court also prohibited unauthorised posting or uploading of audio-video court proceedings on social media and digital platforms without prior administrative permission. The updates further address taxpayer facilitation alongside firm action against evasion, trade measures connected with forced-labour concerns, and potential legal action concerning university communications to students.
    July 24, 2026
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    Foreign exchange market stabilisation supported rupee recovery as investor outflows, geopolitical tensions and elevated crude prices maintained currency pressure.
    Foreign exchange market conditions saw the rupee recover against the US dollar amid reports of Reserve Bank of India intervention and dollar sales by public-sector banks to limit further depreciation. Foreign institutional investor outflows, weak domestic equity sentiment, geopolitical tensions, and elevated crude oil prices continued to pressure the currency. A decline in crude prices, diplomatic engagement, and central-bank intervention were identified as potential stabilising factors.
    July 24, 2026
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    Forced-labour import prohibition enabled lower tariff treatment for Sri Lankan goods, supporting export competitiveness and responsible trade practices.
    Tariff treatment for Sri Lankan goods entering the United States was reduced after Sri Lanka prohibited imports of goods produced using forced labour. The prohibition placed Sri Lanka within the lower tariff category under the stated US framework. The reduction is described as supporting exporter competitiveness while reflecting commitments to fair trade, responsible business practices, internationally accepted labour standards, and sustainable economic reforms.
    July 24, 2026
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    One District One Product strengthens district product branding, market access, food-processing support and export-oriented value chains.
    The One District One Product initiative supports district-identified products through branding, market access, exhibitions, capacity building and Government e-Marketplace onboarding. States and Union Territories select products and may leverage Central and State schemes, as no district-specific allocation is made. PM Ekta Malls and the PMFME Scheme support sales, food-processing projects, common infrastructure, branding, packaging, quality standardisation and food-safety compliance. Districts as Export Hubs promotes export-potential products through export committees, action plans and value-chain coordination.
    July 24, 2026
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    Services export promotion expands market access, professional mobility, qualification recognition and trade outreach for Indian service suppliers.
    Services export promotion combines targeted market and sector strategies, removal of domestic impediments, trade agreements and export-promotion activity. Free Trade Agreements secure market access and national treatment for Indian service suppliers, support transparent and time-bound authorisation processes, and facilitate temporary mobility of skilled professionals. Mutual Recognition Agreement provisions seek recognition of qualifications and licensing requirements. The framework also addresses social-security coordination, student mobility, traditional medicine and double-taxation commitments for IT services. The Services Export Promotion Council supports market development, trade facilitation, capacity building and international outreach.

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      Dick Cheney, one of the most powerful, polarising vice presidents in US history, dies at 84

      November 4, 2025

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      Washington, Nov 4 (AP) Dick Cheney, the hard-charging conservative who became one of the most powerful and polarising vice presidents in US history and a leading advocate for the invasion of Iraq, has died at age 84.

      Cheney died on Monday night due to complications of pneumonia and cardiac and vascular disease, his family said in a statement.

      “For decades, Dick Cheney served our nation, including as White House Chief of Staff, Wyoming's Congressman, Secretary of Defence, and Vice President of the United States," the statement said. Dick Cheney was a great and good man who taught his children and grandchildren to love our country, and to live lives of courage, honour, love, kindness, and fly fishing. We are grateful beyond measure for all Dick Cheney did for our country. And we are blessed beyond measure to have loved and been loved by this noble giant of a man.” The quietly forceful Cheney served father and son presidents, leading the armed forces as defence chief during the Persian Gulf War under President George H.W. Bush before returning to public life as vice president under Bush's son George W. Bush.

      Cheney was, in effect, the chief operating officer of the younger Bush's presidency. He had a hand, often a commanding one, in implementing decisions most important to the president and some of surpassing interest to himself — all while living with decades of heart disease and, post-administration, a heart transplant. Cheney consistently defended the extraordinary tools of surveillance, detention and inquisition employed in response to the terrorist attacks of Sept. 11, 2001.

      Years after leaving office, he became a target of President Donald Trump, especially after his daughter Liz Cheney became the leading Republican critic and examiner of Trump's desperate attempts to stay in power after his election defeat and his actions in the Jan. 6, 2021, riot at the Capitol.

      “In our nation's 246-year history, there has never been an individual who was a greater threat to our republic than Donald Trump,” Cheney said in a television ad for his daughter. “He tried to steal the last election using lies and violence to keep himself in power after the voters had rejected him. He is a coward.” In a twist the Democrats of his era could never have imagined, Dick Cheney said last year he was voting for their candidate, Kamala Harris, for president against Trump.

      A survivor of five heart attacks, Cheney long thought he was living on borrowed time and declared in 2013 he now awoke each morning "with a smile on my face, thankful for the gift of another day,” an odd image for a figure who always seemed to be manning the ramparts.

      His vice presidency was defined by the age of terrorism. Cheney disclosed that he had had the wireless function of his defibrillator turned off years earlier out of fear that terrorists would remotely send his heart a fatal shock.

      In his time in office, the vice presidency was merely a ceremonial afterthought. Instead, Cheney made it a network of back channels from which to influence policy on Iraq, terrorism, presidential powers, energy and other cornerstones of a conservative agenda.

      Fixed with a seemingly permanent half-smile -- detractors called it a smirk -- Cheney joked about his outsize reputation as a stealthy manipulator.

      "Am I the evil genius in the corner that nobody ever sees come out of his hole?" he asked. "It's a nice way to operate, actually." A hard-liner on Iraq who was increasingly isolated as other hawks left government, Cheney proved wrong on point after point in the Iraq War, without ever losing the conviction that he was essentially right.

      He alleged links between the 2001 attacks against the United States and prewar Iraq that didn't exist. He said US troops would be welcomed as liberators; they weren't.

      He declared the Iraqi insurgency in its last throes in May 2005, back when 1,661 US service members had been killed, not even half the toll by war's end.

      For admirers, he kept the faith in a shaky time, resolute even as the nation turned against the war and the leaders waging it.

      But well into Bush's second term, Cheney's clout waned, checked by courts or shifting political realities.

      Courts ruled against efforts he championed to broaden presidential authority and accord special harsh treatment to suspected terrorists. His hawkish positions on Iran and North Korea were not fully embraced by Bush.

      Cheney operated much of the time from undisclosed locations in the months after the 2001 attacks, kept apart from Bush to ensure one or the other would survive any follow-up assault on the country's leadership.

      With Bush out of town on that fateful day, Cheney was a steady presence in the White House, at least until Secret Service agents lifted him off his feet and carried him away, in a scene the vice president later described to comical effect.

      From the beginning, Cheney and Bush struck an odd bargain, unspoken but well understood. Shelving any ambitions he might have had to succeed Bush, Cheney was accorded power comparable in some ways to the presidency itself.

      That bargain largely held up.

      "He is constituted in a way to be the ultimate No. 2 guy," Dave Gribbin, a friend who grew up with Cheney in Casper, Wyoming, and worked with him in Washington, once said. "He is congenitally discreet. He is remarkably loyal." As Cheney put it: "I made the decision when I signed on with the president that the only agenda I would have would be his agenda, that I was not going to be like most vice presidents — and that was angling, trying to figure out how I was going to be elected president when his term was over with.” His penchant for secrecy and backstage manoeuvring had a price. He came to be seen as a thin-skinned Machiavelli orchestrating a bungled response to criticism of the Iraq war. And when he shot a hunting companion in the torso, neck and face with an errant shotgun blast in 2006, he and his coterie were slow to disclose that extraordinary turn of events.

      The vice president called it "one of the worst days of my life.” The victim, his friend Harry Whittington, recovered and quickly forgave him. Comedians were relentless about it for months. Whittington died in 2023.

      When Bush began his presidential quest, he sought help from Cheney, a Washington insider who had retreated to the oil business. Cheney led the team to find a vice presidential candidate.

      Bush decided the best choice was the man picked to help with the choosing.

      Together, the pair faced a protracted 2000 post-election battle before they could claim victory. A series of recounts and court challenges — a tempest that brewed from Florida to the nation's highest court — left the nation in limbo for weeks.

      Cheney took charge of the presidential transition before victory was clear and helped give the administration a smooth launch despite the lost time. In the office, disputes among departments vying for a bigger piece of Bush's constrained budget came to his desk and often were settled there.

      On Capitol Hill, Cheney lobbied for the president's programs in halls he had walked as a deeply conservative member of Congress and the No. 2 Republican House leader.

      Jokes abounded about how Cheney was the real No. 1 in town; Bush didn't seem to mind and cracked a few himself. But such comments became less apt later in Bush's presidency as he clearly came into his own.

      Cheney retired to Jackson Hole, not far from where Liz Cheney, a few years later, bought a home, establishing Wyoming residency before she won his old House seat in 2016. The fates of father and daughter grew closer, too, as the Cheney family became one of Trump's favourite targets.

      Dick Cheney rallied to his daughter's defence in 2022 as she juggled her lead role on the committee investigating Jan. 6 with trying to get reelected in deeply conservative Wyoming.

      Liz Cheney's vote for Trump's impeachment after the insurrection earned her praise from many Democrats and political observers outside Congress. But that praise and her father's support didn't keep her from losing badly in the Republican primary, a dramatic fall after her quick rise to the No. 3 job in the House GOP leadership.

      Politics first lured Dick Cheney to Washington in 1968, when he was a congressional fellow. He became a protege of Rep. Donald Rumsfeld, R-Ill, serving under him in two agencies and in Gerald Ford's White House before he was elevated to chief of staff, the youngest ever, at age 34.

      Cheney held the post for 14 months, then returned to Casper, where he had been raised, and ran for the state's single congressional seat.

      In that first race for the House, Cheney suffered a mild heart attack, prompting him to crack that he was forming a group called "Cardiacs for Cheney." He still managed a decisive victory and went on to win five more terms.

      In 1989, Cheney became defence secretary under the first President Bush and led the Pentagon during the 1990-91 Persian Gulf War that drove Iraq's troops from Kuwait. Between the two Bush administrations, Cheney led Dallas-based Halliburton Corp., a large engineering and construction company for the oil industry.

      Cheney was born in Lincoln, Nebraska, the son of a longtime Agriculture Department worker. Senior class president and football co-captain in Casper, he went to Yale on a full scholarship for a year but left with failing grades.

      He moved back to Wyoming, eventually enrolled at the University of Wyoming and renewed a relationship with high school sweetheart Lynne Anne Vincent, marrying her in 1964. He is survived by his wife, by Liz and by a second daughter, Mary. (AP) SKS SKS

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