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    InCred Asset Management has Crossed ₹1,000 Crore in investments in listed healthcare companies, becoming one of India''s largest dedicated Healthcar...
    OmniCard Launches India's First Flexi Benefits Basket on UPI — Employee Benefits Beyond Just Meals
    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
    Crime Branch chargesheets 10 accused in separate fraud & forgery cases in Jammu
    ED chargesheets 3 founders of Gameskraft under PMLA
    IDFC FIRST Bank Q1FY27 Results: Highest Ever PAT of ₹1,075 Crore, Up 132.4% YoY
    India placed in lower 10 pc US tariff bracket; reaffirms commitment to BTA
    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
    ED report says CMRL ex-MD cited Veena’s ties to then Kerala CM for payments
    Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman outlines 5Rs of responsive tax governance; Calls for greater tax certainty and ...
    Trump says US will investigate EU trade practices, claiming bloc unfairly fined tech giants
    World shares are mixed and oil prices fall, markets in Asia skid in sell-off of AI-related shares
    Sitharaman ask I-T officials to go after tax evaders, ensure convenience for honest taxpayers
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    Rupee recovers 20 paise to settle at 96.53 against US dollar
    Sri Lanka welcomes US tariff reduction
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    July 27, 2026
    Show AI Summary
    Healthcare portfolio management services disclose equity strategy performance, benchmark methodology, fee treatment and the absence of regulatory performance verification.
    InCred Healthcare Portfolio is identified as an investment approach/product under an Equity Strategy pursuant to a SEBI circular. Its disclosed performance is benchmarked against the BSE 500 TRI, calculated using the Time Weighted Rate of Return method prescribed by SEBI, and stated to be net of fees and expenses. Returns for shorter horizons are described as absolute returns. The performance information is expressly stated not to have been verified by SEBI, and SEBI has not certified its accuracy or adequacy.
    July 27, 2026
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    UPI-enabled flexi benefits wallets support employee-selected tax-efficient allowances with category controls, compliance monitoring and employer reporting.
    A UPI-enabled flexi benefits wallet is described as allowing employees to allocate employer-provided allowances among eligible categories and make payments through the relevant wallet at UPI-accepting merchants. Tax-efficient treatment is stated to depend on the prescribed conditions applicable to each benefit category. Merchant-category-code controls are intended to restrict expenditure to eligible purposes, while centralised allocation, transaction visibility and reporting support employer compliance. The arrangement is stated to operate through a Reserve Bank of India licensed prepaid payment instrument framework.
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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.

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      Winter Session concludes as key legislations replacing MGNREGA, pvt participation in nuclear sector passed

      December 19, 2025

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      New Delhi, Dec 19 (PTI) The short Winter Session of Parliament concluded on Friday as both houses were adjourned sine die after the passage of some key legislations, including the one replacing the 20-year-old scheme MGNREGA and others to allow the opening up of civil nuclear sector for private sector and 100 per cent FDI in Insurance.

      Both the houses witnessed heated exchanges between the opposition and treasury benches during discussions on key legislations and debates.

      While Lok Sabha saw 111 per cent productivity during the 19-day-long session having 15 sittings, Rajya Sabha saw 121 per cent productivity.

      The total sitting hours during the Winter Session that began on December 1 was 92 hours and 25 minutes.

      While the government termed the session as "very productive", the Congress said the session "started with the insult of Rabindranath Tagore and ended with the insult of Mahatma Gandhi".

      Speaker Om Birla adjourned Lok Sabha sine die (for indefinite period) within minutes after the house met for the day. In his brief valedictory address, he lauded the high productivity of the house saying members sat till late hours to discuss crucial legislation.

      As Birla read out his statement, some members were heard raising "Mahatma Gandhi ki jai" slogans. Prime Minister Narendra Modi was present in the house when the proceedings were adjourned.

      Rajya Sabha Chairman C P Radhakrishnan also adjourned the upper house sine die, after the laying of papers and after reading his statement on the house functioning.

      The 269th Session of Rajya Sabha marked the first stint of Radhakrishnan presiding over the House after assuming office.

      The Chairman strongly disapproved of disruptions by Opposition members during the passage of the rural employment guarantee bill (G RAM G), terming the conduct "unbecoming of Members of Parliament", and urged them to introspect and refrain from such behaviour in future.

      "Disruption created during yesterday's sitting by the Opposition Members by shouting slogans, displaying placards, disrupting the Minister replying to the discussion, tearing up papers and throwing them in the well of the House showed conduct unbecoming of Members of Parliament.

      "I earnestly hope that Hon'ble Members would introspect and not repeat such unruly behaviour in future," he said.

      Rajya Sabha sat past midnight on Thursday to pass legislation that replaced the 20-year-old rural employment scheme -- the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGA) -- by boosting the number of guaranteed workdays to 125, up from the current 100 days per household for unskilled manual labour.

      Opposition MPs protested the dropping of the name of Mahatma Gandhi from the new legislation - Guarantee for Employment and Livelihood Mission - Rural (Guarantee for Rozgar and Ajeevika Mission - Rural).

      Parliamentary Affairs Minister Kiren Rijiju said the session was "very productive" as eight bills were passed after debates in both Houses and these legislations will "speed up" the 'Reform Express' flagged off by Narendra Modi government to bring changes in the everyday life of common people.

      "But the opposition's behaviour during the debate in Lok Sabha on Viksit Bharat Guarantee for Rozgar and Ajeevika Mission (Gramin) (VB-G RAM G) Bill was unacceptable. Some of the opposition members even stood atop the desks of the table office and (Lok Sabha) Secretary General. Some Congress members also conveyed that there was no need for a debate on pollution. That is why the issue could not be taken up for discussion," he said.

      Congress general secretary Jairam Ramesh, however, said the session began with the government "insulting" Tagore and ended with the "insult" of Mahatma Gandhi.

      Terming it as a 'pradushan kaleen' session, Ramesh said that his party was absolutely ready to have a discussion on air pollution but the government was "running away" from it.

      During the 15 sittings of the Winter Session, both the houses took up two politically-charged debates -- one on the 150 years of Vande Matram and the other on election reforms.

      Modi initiated a discussion to commemorate the completion of 150 years of the national song. Lok Sabha discussed the subject for 11 hours and 32 minutes, during which 65 members participated.

      Home Minister Amit Shah initiated the discussion on Vande Mataram in Rajya Sabha.

      A debate on air pollution, which was to be initiated by Congress leader Priyanka Gandhi in Lok Sabha, could not take place.

      The opposition had been insisting on a debate on the special intensive revision (SIR) of electoral rolls and protesting everyday, but the government made it clear that the poll panel and its functioning cannot be discussed and agreed to hold a debate on election reforms instead.

      The issue was discussed for approximately 13 hours, with the participation of 63 MPs in the lower house. The opposition, however, focused its attack against the government on SIR, the new law on the appointment of the chief election commissioner and election commissioners, and the "vote chori" issue.

      In all, eight bills were passed during the session that included The Viksit Bharat Guarantee for Rozgar and Ajeevika Mission (Gramin) or VB-G RAM G Bill, assuring 125 days of guaranteed jobs for rural India.

      The legislation was passed amid opposition protests in both houses on Thursday, amid vociferous protests by the opposition which also tore the bill copies nd some papers in both houses.

      The Sustainable Harnessing and Advancement of Nuclear Energy for Transforming India (SHANTI) Bill, which seeks to open the tightly-controlled civil nuclear sector for private participation, was also passed during the session.

      Parliament also cleared a bill to raise foreign direct investment (FDI) in the insurance sector to 100 per cent from the current 74 per cent. It is expected to increase insurance penetration, lower premiums, and boost job creation.

      The Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Bill, 2025, was cleared by the Rajya Sabha with a voice vote, a day after it was passed by the Lok Sabha. Both Lok Sabha and Rajya Sabha also passed a Bill to repeal 65 amendment Acts and six principal laws, which had lost relevance.

      The Manipur Goods and Services Tax (Second Amendment) Bill, 2025; the Central Excise (Amendment) Bill, 2025 and the Health Security se National Security Cess Bill, 2025 were also among the bills that were cleared during the session.

      It also passed the Supplementary Demands for Grants - First Batch, 2025-26.

      However, the Viksit Bharat Shiksha Adhisthan Bill, 2025, seeking to set up a higher education regulator was referred to a joint committee of the two Houses. Another bill on the market securities code was introduced and referred to a department-related standing committee for further examination. PTI KKS ASK GJS SKU NAB ACB ANZ SKC ZMN

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