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    Union Minister of Commerce & Industry, Shri Piyush Goyal Meets European Industry Leaders in Brussels to Deepen India–EU Industrial and Technology Co...
    India-UK CETA and Agreement on Social Security Enter into Force
    PERIODIC LABOUR FORCE SURVEY (PLFS) MONTHLY BULLETIN - June, 2026
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    India logs USD 2.8 bn current account surplus in April-May: RBI data
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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
    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)
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    July 16, 2026
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    India-EU industrial and technology cooperation advances through trade facilitation, resilient supply chains, digital innovation and expanded market access.
    India-EU industrial and technology cooperation was advanced through engagements addressing industrial collaboration, technology partnerships, bilateral trade opportunities and business-to-business cooperation. Discussions covered trade facilitation, investment flows, supply-chain resilience, digital innovation, competitiveness and regulatory challenges. The interactions emphasised industry-led growth, greater market access for Indian enterprises and innovation-driven partnerships under the Trade and Technology Council framework.
    July 16, 2026
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    Preferential India-UK trade framework introduces broad zero-duty export access, self-certified origin documentation, and social-security contribution relief for temporary professionals.
    India-United Kingdom CETA entered into force with preferential tariff treatment, including zero-duty access in the United Kingdom for nearly 99 per cent of India's exports. The Agreement covers goods, services and cooperation in customs, digital trade, financial services, telecommunications, intellectual property and professional services. The associated Agreement on Social Security exempts Indian professionals on temporary United Kingdom assignments from double social-security contributions for up to five years. Rules of Origin certification was operationalised through self-certified Certificates of Origin issued on the eCoO 2.0 platform.
    July 16, 2026
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    Labour market indicators showed stable overall participation, employment and unemployment, with marginal urban improvement and softer rural unemployment.
    Monthly labour-market estimates for persons aged 15 years and above, compiled under the Current Weekly Status approach, show stable overall labour-force participation, worker population ratio and unemployment rate in June 2026. Urban labour-force participation and worker population ratio improved marginally, while rural participation and employment remained stable. Female labour-force participation was broadly stable month-on-month. Rural unemployment eased slightly, urban unemployment rose marginally from the preceding month, and urban unemployment declined on a year-on-year basis.
    July 16, 2026
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    Competition clearance governs full acquisition of a data-centre provider alongside co-investor economic interests in the transaction.
    Competition approval concerns Opal Bidco Pte. Ltd.'s acquisition of the entire shareholding in STT GDC Pte. Ltd., a data-centre provider. The transaction also provides for specified co-investors to acquire economic interests in STT GDC on a see-through basis. STT GDC operates in India through an indirect subsidiary and is among multiple data-centre participants active in India.
    July 16, 2026
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    Windfall tax on petroleum exports revises diesel and aviation fuel levies while reducing the petrol export levy.
    Special Additional Excise Duty on petroleum-product exports was revised from 16 July 2026, increasing the levy on diesel and aviation turbine fuel exports while reducing it on petrol exports. Duty rates on petrol and diesel cleared for domestic consumption remained unchanged. The windfall tax framework seeks to support domestic fuel availability and discourage exporters from benefiting from differences between domestic and global fuel prices during elevated crude-oil prices.
    July 15, 2026
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    Duty-free market access under the India-UK trade pact expands exports while preserving safeguards for procurement and policy space.
    The India-UK Comprehensive Economic and Trade Agreement provides duty-free access for nearly 99 per cent of Indian exports and includes reciprocal government-procurement access subject to safeguards. India retains MSME preferences, limits covered procurement to selected central entities, excludes strategic sectors, and applies minimum contract thresholds. The agreement preserves compulsory licensing and permits withdrawal of certain concessions if a future UK carbon tax adversely affects Indian exports. Its gender, SME, environment, and labour chapters contain no dispute-settlement provisions.
    July 15, 2026
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    India-UK trade agreement expands duty-free market access and tariff reductions for exports, services, manufacturing and small enterprises.
    India-UK Comprehensive Economic and Trade Agreement (CETA) is stated to provide duty-free access in the UK market for 99 per cent of Indian products and to reduce or eliminate UK import tariffs across key product categories. It is expected to support Karnataka exports in manufacturing, agricultural produce, processed food, electronics, aerospace and medical devices, with certain tariff reductions phased out over time. Mode 1 services provisions are identified as beneficial to Bengaluru's IT industry, while awareness programmes and investment roadshows are proposed to help exporters and attract investment.
    July 15, 2026
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    Foreign investment screening cooperation advances investment flows alongside trade, technology, supply-chain resilience and prospective investment-protection commitments.
    India and the European Union concluded a work programme on foreign direct investment screening, exchanging best practices to facilitate investment flows. Trade and Technology Council cooperation addresses market access, standards harmonisation, supply-chain requirements, deep-tech innovation and critical dependencies. The parties also discussed free trade agreement ratification, World Trade Organization reform, and prospective investment-protection and geographical-indications agreements. The Council provides an institutional mechanism for cooperation on trade, trusted technology and economic security.
    July 15, 2026
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    Balance of payments reporting shows a current account surplus despite a wider trade deficit and portfolio investment outflows.
    Balance of payments data for April-May 2026 records a current account surplus, supported by increased net services receipts, higher inward remittances and a marginal reduction in net income outgo. The merchandise trade deficit widened as imports rose more than exports. The overall balance of payments moved into deficit, while net foreign direct investment increased and net foreign portfolio investment recorded a larger net outflow.
    July 15, 2026
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    Online betting money laundering investigation examines alleged proxy accounts, simulated salary payments, cross-border routing, and custodial investigation of the money trail.
    Money-laundering allegations concerning an online betting syndicate involve purported routing of betting proceeds through fictitious or proxy bank accounts, simulated salary payments, share-capital investments, and foreign institutional channels. An Ebix Group chairman was arrested in connection with the alleged money trail and remanded for investigation. The investigating agency states that prosecution complaints have been filed and that separate state economic-offence and central investigations address connected cases. Political-link allegations were denied, and the stated laundering assertions remain under investigation.
    July 15, 2026
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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
    Show AI Summary
    Zero-duty market access under CETA enables Indian jewellery exporters to enter overseas markets without import tariffs.
    Zero-duty access under the India-UK Comprehensive Economic and Trade Agreement enables eligible Indian gem and jewellery exports to enter the United Kingdom market without UK import tariffs. The agreement is expected to improve market access and support value-added manufacturing, employment, skill development, and the participation of artisans, micro, small and medium enterprises, and exporters in West Bengal's gem and jewellery sector.
    July 15, 2026
    Show AI Summary
    UK-India trade agreement introduces wider market access, tariff reductions and social security arrangements to support bilateral commerce.
    The UK-India Comprehensive Economic and Trade Agreement has entered into force, providing expanded market access, tariff reduction and trade facilitation. India receives zero-duty access for nearly all exports to the UK, while UK products entering India receive duty-free or reduced-tariff treatment. The framework covers goods including textiles, leather, engineering products, food, cosmetics, alcoholic beverages and premium cars. A bilateral social security agreement has also been operationalised to support wider commercial engagement.
    July 15, 2026
    Show AI Summary
    Data governance expectations propose stronger lifecycle controls, quality standards, accountability and third-party data-sharing safeguards for regulated financial entities.
    Draft regulatory guidance on data governance proposes expectations for regulated financial entities to maintain data that is accurate, consistent, secure and fit for purpose. The framework addresses data-governance arrangements, defined roles, data architecture, metadata and data lineage, data quality, and third-party data-sharing arrangements. It applies to specified banking entities, financial institutions, non-banking financial companies, asset reconstruction companies and credit information companies, and invites stakeholder feedback on the proposed framework.
    July 15, 2026
    Show AI Summary
    Semiconductor and mobile manufacturing incentives support domestic production, component sourcing, design investment, exports and resilient electronics supply chains.
    Semicon 2.0 and the Mobile Phone Manufacturing Scheme provide manufacturing support to expand domestic electronics production, exports and local value addition. Semicon 2.0 covers chip design, equipment and materials, fabrication, advanced packaging and testing, research, and talent development, while supporting semiconductor intellectual property and critical-component manufacturing. The mobile-phone scheme provides production-linked incentives linked to eligible sales, with additional support for domestic component sourcing and Indian investment in product design and research. The measures seek to reduce import dependence and strengthen domestic critical-technology capabilities.
    July 15, 2026
    Show AI Summary
    India-UK trade liberalisation expands tariff preferences, services access and skilled professional mobility while preserving protections for sensitive domestic sectors.
    The India-United Kingdom Comprehensive Economic and Trade Agreement establishes preferential tariff treatment for goods and expands cooperation in services, digital trade, government procurement, investment and professional mobility. India retains protections for sensitive sectors through phased tariff reductions and quota-based access, while duties on British automobiles and alcoholic beverages are reduced in stages. The accompanying social-security convention exempts eligible Indian professionals temporarily assigned to the United Kingdom from simultaneous contributions in both jurisdictions, supporting skilled-worker mobility and reducing employment-related costs.
    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.

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      Red Fort blast: Initial probe indicates 'accidental' detonation of explosives

      November 11, 2025

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      New Delhi, Nov 11 (PTI) Findings of the initial probe into the blast near the Red Fort suggest it may have been "accidentally triggered" while a hastily assembled explosive device was being transported, following the busting of an inter-state terror module, officials said on Tuesday.

      Investigators have zeroed in on a Pulwama-based doctor, Umar Nabi, who was driving the car used in the explosion that claimed 12 lives, and had alleged links to the terror module busted with the recovery of explosives mainly from neighbouring Faridabad in Haryana.

      On Tuesday, the Jammu and Kashmir Police took a DNA sample from Nabi's mother to establish the relation.

      "The suspect was likely spooked after the raid in Faridabad which forced him to relocate hastily, increasing the chance of a mishap. The incident appears to have shifted from a suspected suicide attack to an unintended explosion during transport," a senior police officer said.

      However, police are probing all angles, including suicide bomber attack, sources said.

      The officer said that intelligence teams' first assessment suggests the improvised explosive device (IED) was assembled incorrectly, which limited its destructive effect.

      "The bomb was premature and not fully developed, thus limiting the impact. The explosion did not create a crater and no shrapnel or projectiles were found," he added.

      The Red Fort blast on a busy Monday evening came hours after eight people, including three doctors, were arrested and 2,900 kg of explosives seized with the uncovering of a "white collar" terror module involving the Jaish-e-Mohammed and Ansar Ghazwat-ul-Hind and spanning Kashmir, Haryana and Uttar Pradesh.

      Meanwhile, the Delhi Forensic Science Laboratory has collected 40 samples from the blast site, which include mangled remains of the vehicle and human body parts, and these will be analysed for chemical traces. The laboratory has constituted a special team for analysis of samples, sources said.

      The Delhi Police's FIR called the explosion "a bomb blast" as it invoked sections pertaining to conspiracy and punishment for a terror attack under the Unlawful Activities (Prevention) Act, officials said.

      Initially, it was claimed that three people were in the car during the blast. However, it is now clear that only Nabi, who was on the run after the busting of the terror module, was driving the i20 car when the blast took place.

      According to the police's investigation, it has also emerged that Nabi waited in the Sunehri Masjid parking lot for nearly three hours while searching on the internet about updates regarding his associates' arrest in Faridabad. The investigators have managed to establish an 11-hour trail of Nabi's vehicle.

      He proceeded on Chhata Rail Chowk road near the Red Fort, then took a U-turn. The blast took place a few metres before the Red Fort police post, according to officials privy to the probe.

      The car passed through multiple owners before being repurchased by Nabi on October 29. Its pollution under control (PUC) certificate was updated on the same day.

      The multiple ownership of the car creates suspicion that this was part of the well-planned conspiracy.

      The blast probe has been handed over to the National Investigation Agency (NIA), a decision taken after a review meeting chaired by Union Home Minister Amit Shah.

      Among those arrested on Monday were Dr Muzammil Ganaie and Dr Shaheen Sayeed, both connected to the Al-Falah University in Faridabad, from where 360 kg of ammonium nitrate was recovered.

      According to investigators, Shaheen was leading the Jaish-e-Mohammed's women recruitment wing in India. She headed the Jamaat-ul-Mominat, the group's female wing.

      Nabi, whose name has emerged as the main Delhi blast suspect, hailed from Lethpora in south Kashmir's Pulwama district and was allegedly carrying explosives, possibly ammonium nitrate, in the car, they said.

      A Delhi Police team visited the Al-Falah University in Faridabad and detained five to six people for questioning.

      Police sources said the teams are checking CCTV cameras of the university to know more about the activities of the accused in the days leading up to the busting of the module.

      Even as the police probe widened in the matter, an unsettling silence prevailed in the area near the Red Fort as police and FSL teams still remained at work in collecting evidence and remains of bodies from the blast site and its vicinity.

      According to the FIR, the impact of the blast was such that the car was propelled several feet above the ground and the wall and the roof of the police chowki was damaged. Some body parts were even found in the car.

      While no terror organisation has claimed responsibility behind the attack, investigators suspect the involvement of Jaish-e-Mohammed behind it even though they are also probing the involvement of other terror outfits.

      Preliminary findings suggest ammonium nitrate, fuel oil and detonators may have been used in the blast that ripped through the slow moving car near a traffic signal.

      As investigations into the blast and the terror module continue, officials said a man named Tariq from south Kashmir's Pulwama district had given the i20 car to Nabi, and is now under arrest.

      Teams from Delhi Police, NIA and intelligence agencies have fanned out across Delhi and Kashmir. Four people have been detained in the raids in Kashmir. Of the four, two have been shifted for joint interrogation for their role in the Delhi blast as well as the inter-state terror module.

      Several raids were also conducted at multiple locations in Delhi. The national capital has been placed on high alert with strict vigil being maintained at the airport, railway stations and bus terminals.

      Hours before the blast, a social media post, titled 'Is something going on in Delhi?', was shared on Reddit. The user claimed that he noticed an unusually large presence of police and army personnel while crossing the area earlier that day.

      Following the blast, security across the national capital has been intensified.

      All vehicles entering Delhi, whether private or commercial, were being thoroughly checked and verified as part of heightened security measures, officials said.

      An overnight search operation was conducted at hotels and guest houses in Daryaganj and Paharganj areas to trace possible suspects.

      The Red Fort metro station has been closed for commuters and traffic restrictions imposed in the area.

      Of 12 people who died in the blast, seven have been identified till now. One mutilated body was recovered from the mangled remains of the car, officials said. PTI BM SSJ SGV NSM SHB SLB VIT BUN KVK KVK

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