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April 16, 2026
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Sexual harassment and forcible conversion allegations lead to police custody, investigation, and victim identity protection warnings.
Two accused in a case concerning alleged sexual harassment and forcible religious conversion at a TCS unit in Nashik were remanded in police custody for further investigation. The accused were booked under Bharatiya Nyaya Sanhita provisions relating to outraging a woman's modesty, sexual harassment, and acts intended to insult a woman's modesty.
April 16, 2026
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Money laundering probe over alleged loan diversion and shell companies leads to ED custody for former executives.
Former senior executives of Reliance Anil Ambani Group were sent to five days' ED custody in a money laundering investigation arising from alleged bank loan fraud involving Reliance Home Finance Limited and Reliance Commercial Finance Ltd. The Enforcement Directorate alleged that loan funds were diverted to shell companies controlled by the group and that digital evidence, including emails, indicated the role of the arrested accused in siphoning and diverting funds. The order referred to emails and other digital material as showing participation by both accused in funding decisions and movement of loan proceeds.
April 16, 2026
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Fraud classification of bank accounts challenged over forensic audit validity, RBI guidelines, and show cause notices.
Banks' proceedings to classify bank accounts as fraud were challenged on the basis that the underlying forensic audit was allegedly defective, the audit firm lacked qualification, and the banks' notices were said to violate mandatory RBI guidelines. The dispute concerned interim protection granted by a single judge against present and future action by the banks, followed by the division bench setting aside that protection. The Supreme Court declined to interfere with the division bench order, clarified that its observations would not affect the pending suit, and requested expeditious disposal of the challenge to the show cause notices.
April 16, 2026
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Special Economic Zone reforms support semiconductor manufacturing, with Dholera notified for India's first chip fabrication plant.
Government has notified a Special Economic Zone to be established by M/s. Tata Semiconductor Manufacturing Private Limited at Dholera, Gujarat, exclusively for electronic hardware and software, including IT/ITES. The project is described as India's first chip fabrication plant and is set over 66.166 hectares with projected employment of 21,000 persons. The SEZ is intended to support semiconductor and electronics manufacturing through enabling infrastructure and a dedicated approval mechanism designed to streamline operations and logistics. The notification forms part of wider SEZ reforms that reduced land requirements, relaxed encumbrance norms, included free-of-cost supplies in Net Foreign Exchange calculations, and permitted domestic sales in the Domestic Tariff Area on payment of applicable duties.
April 16, 2026
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Apricot export expansion boosts Ladakh farmers through international market access, value addition and reduced post-harvest losses.
Ladakh Administration signed an MoU with Lulu Retail, through APEDA and the Ministry of Food Processing Industries, to export at least 1,000 tonnes of Ladakhi apricots this season. The exporter will procure, pluck, sort, process, package, transport and market the produce in international markets while preserving the identity of Ladakh-origin apricots. The initiative is aimed at reducing post-harvest losses, improving value addition and providing farmers better pricing and direct market access.
April 16, 2026
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Asia growth outlook stays resilient as the IMF warns an energy shock may fuel inflation and tighten policy space.
Asia is projected to remain the main driver of global growth, with India and China contributing about 70 per cent of regional expansion. Growth in the region, after reaching about 5 per cent in 2025 despite US tariffs and trade uncertainty, is expected to moderate in 2026 and 2027. The IMF warned that the Gulf crisis energy shock could raise inflation, weaken external balances, tighten financial conditions and narrow policy space, requiring agile monetary policy.
April 16, 2026
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Sustainable in-house glass bottling solutions support premium hospitality operations through training, hygiene compliance and plastic reduction.
Export order for sustainable in-house glass bottled water solutions was secured by PBP EcoAqua from a Kenyan hospitality group for premium hotel operations. The arrangement includes automated glass bottling and water treatment systems, together with installation, technical training, operational familiarisation and dispatch planning. The project emphasises hygiene compliance, operational efficiency and sustainability performance benchmarks, and is intended to reduce dependence on single-use plastic bottles through reusable glass packaging and safe, premium drinking water services.
April 16, 2026
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Bribery and corruption under the Prevention of Corruption Act in a tax refund processing case
A senior Income Tax department employee was prosecuted in a bribery matter for allegedly demanding money to process a TDS refund arising from acquisition-related compensation. The case was tried as a corruption prosecution under the Prevention of Corruption Act, with the anti-corruption agency brought in after the complainant approached it. Trial evidence included examination of ten witnesses.
April 16, 2026
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China's first-quarter GDP growth reflects stronger supply, improved demand and resilience despite external geopolitical and trade pressures.
China's economy recorded five per cent growth in the first quarter, with GDP reaching 33.4 trillion yuan and growth accelerating from the previous quarter despite external fallout from the US-Israel war and wider geopolitical and trade uncertainties. The National Bureau of Statistics described the opening of the 15th Five-Year Plan period as a strong start, noting improved production and supply, firmer market demand, generally stable employment, moderately higher prices and continued progress in high-quality development.
April 16, 2026
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AML/CFT cooperation expands as FIU-India and pension regulator deepen information sharing, training, risk monitoring, and compliance oversight.
Financial Intelligence Unit-India and the Pension Fund Regulatory and Development Authority entered into a Memorandum of Understanding to strengthen coordination for combating money laundering and financial crimes through enhanced information sharing, joint outreach and training, and closer supervisory cooperation. The arrangement is directed towards improving AML/CFT capabilities among entities regulated by the pension regulator and aligning cooperation with applicable international standards, including exchange of information through Egmont Principles with foreign FIUs. It also provides for quarterly meetings, nodal officers, assessment of ML/TF risks, red flag indicators, and monitoring of compliance with PMLA, the PML Rules, and PFRDA guidelines.
April 16, 2026
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Money laundering coordination through FIU-IND and SEBI MoU strengthens intelligence sharing, AML/CFT training, and compliance monitoring.
Financial Intelligence Unit-India and the Securities and Exchange Board of India entered into a Memorandum of Understanding to strengthen coordination in the prevention of money laundering and financial crimes. The arrangement provides for sharing of relevant intelligence and information, reporting procedures under the PML Rules, exchange with foreign FIUs, outreach and training on AML/CFT capabilities, periodic meetings, risk assessment, red flag indicators, and supervision of compliance with obligations under the PMLA, PML Rules, and SEBI guidelines.
April 16, 2026
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Digital insurance servicing expands as LIC launches customer and intermediary apps for paperless policy management and sales support.
LIC launched the MyLIC customer app and Super Sales Saathi intermediary app as part of its digital transformation initiative. MyLIC consolidates policy servicing, claims support, payments, documentation, and customer engagement, while also enabling portfolio management, premium payment, policy updates, online revival of lapsed policies, paperless loans, online purchase of policies, and paperless e-KYC. Super Sales Saathi provides digital sales tools, policy status tracking, automated follow-ups, customer communication, AI-driven nudges, sales kits, and performance dashboards.
April 16, 2026
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Naval blockade enforcement against Iranian ports creates maritime uncertainty, inspection risks, and exceptions for humanitarian shipments.
US naval blockade of Iranian coastal areas and ports has been fully implemented, extending beyond the Strait of Hormuz into the Gulf of Oman and the Arabian Sea. It applies to vessels entering or leaving Iranian ports and coastal areas, while non-Iran-bound vessels retain freedom of navigation. Humanitarian shipments including food and medical supplies essential for civilian survival are permitted subject to inspection, and neutral ships may pass but remain liable to inspection. The blockade has created uncertainty because enforcement may occur after vessels clear the strait, and AIS manipulation further complicates maritime monitoring.
April 15, 2026
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Centre of Excellence advances artificial intelligence, cybersecurity and digital skills through new training and innovation initiatives.
A state-of-the-art Centre of Excellence was inaugurated at Maharana Pratap Institute of Technology in Eastern Uttar Pradesh with support from TCS Foundation. The centre is intended to serve technological and educational needs in the region and is positioned as a platform for youth, farmers and women across Eastern Uttar Pradesh and adjoining areas. It will focus on artificial intelligence, machine learning, data science, cybersecurity, space technology and 3D printing.
April 15, 2026
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Forgery of identity and immigration documents alleged in illegal stay case involving fake Aadhaar and border-entry violations.
Forgery of identity and immigration documents alleged in the context of illegal stay in India. A Bangladesh-origin woman was apprehended during a verification drive after police found that she was allegedly residing in India using a fake Aadhaar card and other forged or suspect identity documents, including a Bangladesh identity card and a photocopy of a citizenship certificate. Investigators stated that she had entered India illegally with the assistance of an acquaintance and had prepared forged documents to conceal her identity.
April 15, 2026
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Money laundering probe over alleged bank loan fraud and shell companies leads to arrests of former Reliance Group executives.
Enforcement Directorate action under the Prevention of Money Laundering Act in an alleged bank loan fraud investigation involving former senior executives of Anil Ambani-led Reliance Group companies. The case concerns alleged diversion of bank funds through Reliance Home Finance Ltd. and Reliance Commercial Finance Ltd. using shell or dummy entities, with the money laundering probe stated to stem from FIRs lodged by the Central Bureau of Investigation.
April 15, 2026
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Anti-conversion concerns and harassment allegations spur calls for nationwide protests and stricter laws.
Calls were made for nationwide protests over allegations of sexual harassment and forced religious conversion at a company office in Nashik. The allegations involved eight female employees, while a Special Investigation Team was said to have been constituted to examine the complaints. The company stated that it has a zero-tolerance policy toward harassment or coercion and that employees allegedly involved had been suspended. Broader demands were also raised for stringent anti-conversion laws at state and national levels.
April 15, 2026
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Electronics import dependence deepens as imports rise sharply and exports remain far below import levels.
Electronics imports crossed the USD 100 billion mark in 2025-26, rising to USD 116.17 billion from USD 98.65 billion in the preceding fiscal year. Electronics exports also increased to USD 48.0 billion, supported by smartphone shipments, but remained well below imports. The trade pattern was noted as indicating continued dependence on imported semiconductors, components and electronic equipment despite the manufacturing push.
April 15, 2026
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Trade uncertainty and Middle East disruption weigh on exports as imports fall and the trade deficit narrows.
Goods exports declined in March because of trade uncertainty and geopolitical tensions, with shipments to West Asia and the Middle East contracting sharply. Imports also fell, led by lower crude oil and gold shipments, narrowing the trade deficit to a nine-month low. For the full fiscal year, exports reached an all-time high, imports rose, and the trade deficit widened. Services exports stayed robust, while China emerged as India's largest trading partner.
April 15, 2026
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China becomes India's largest trading partner as bilateral trade expands and the trade deficit widens sharply.
China emerged as India's largest trading partner in 2025-26, displacing the US after four consecutive years of US leadership. Bilateral trade with China rose to USD 151.1 billion, driven by higher exports and imports, and India's trade deficit with China widened to USD 112.16 billion. Trade with the US remained significant, but export growth was modest and imports increased more sharply, reducing India's trade surplus.

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News and Press Release

PLI Schemes attract over ₹2.16 lakh crore investment, drive ₹20.41 lakh crore production and generate 14.39 lakh jobs

March 27, 2026

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Govt of India launched the ‘Make in India’ initiative on 25th September 2014 to facilitate Investment, foster Innovation, build best in class Infrastructure, and make India a hub for manufacturing, design, and innovation. Presently, Make in India 2.0 focuses on 27 sectors including 15 manufacturing sectors, implemented across various Ministries and Departments and State Governments. The list of sectors under Make in India 2.0 is enclosed at Annexure I.

The other major measures taken up under the “Make in India” initiative include Start- up India, National Single Window System, GIS enabled Land Bank, Foreign Direct Investment (FDI) policy reforms, PM Gati Shakti National Master Plan for integrated planning of multimodal infrastructure, Project Monitoring Group to remove bottlenecks in setting up of major infrastructure projects, setting up of industrial parks, interventions to improve ease of doing business, measures for reduction in compliance burden, rationalization of labor laws, introduction of Goods and Services Tax, policy measures to boost domestic manufacturing through public procurement orders and Phased Manufacturing Programme (PMP).

As part of Make in India initiative, the Production Linked Incentive (PLI) schemes have been  implemented  across  14  key  sectors,  namely  Large-Scale  Electronics Manufacturing (LSEM), IT Hardware, Pharmaceuticals, Bulk Drugs, Medical Devices, Automobiles and Auto Components, Advanced Chemistry Cell Batteries, Solar PV modules, Telecom & Networking Products, Food Processing, Textiles, Specialty Steel, White Goods, Drones & Drone Components by incentivizing incremental production and sales,. The PLI schemes have facilitated fresh investments in the identified sectors and supported the expansion of manufacturing capacities.

The PLI schemes have generated investments exceeding ₹2.16 lakh crore as of 31th December 2025. The investments made under the PLI Schemes have led to incremental production and sales of over ₹20.41 lakh crore, as of 31st December, 2025. Further, the Schemes have resulted in an employment generation of over 14.39 lakh (direct and indirect), and 836 applications have been approved across all 14 sectors covered under the PLI framework.

The impact of PLI Schemes has been significant across various sectors in India. The Schemes have contributed substantially towards strengthening domestic manufacturing capacity, enhancing exports, generating employment and reducing the import dependence across multiple strategic sectors. Details of actual investments, increase in production and employment generation during the last three years is enclosed at Annexure II. The state-wise data under PLI is not centrally maintained.

To support the development of Micro Small and Medium Enterprises (MSMEs), the Central Government supplements the efforts of State/UT Governments through various schemes, programmes and policy initiatives. This inter alia includes various schemes and programmes such as:-

  1. Prime Minister's Employment Generation Programme (PMEGP): PMEGP provides margin money subsidy up to 35%, for setting up of new micro enterprises, in the non-farm sector with project cost of Rs. 50 lakh for Manufacturing and Rs. 20 lakh for Service enterprises.

  2. Credit Guarantee Scheme for Micro and Small Enterprises:The scheme is implemented through Credit Guarantee Fund Trust for Micro and Small Enterprises to provide credit guarantee for loans extended to MSEs. The ceiling for guarantee coverage under the scheme is Rs 10 crore.

  3. Self-Reliant India (SRI) Fund: The fund has been set up to infuse Rs. 50,000 crore as equity funding in MSMEs with a provision of Rs. 10,000 crore from the Government of India and Rs. 40,000 crore through Private Equity/Venture Capital Funds. The Budget 2026-27 has also announced a support of Rs 2000 crore to top up the Self-Reliant India Fund set up in 2021 to continue support to micro enterprises and maintain their access to risk capital.

  4. Under the Digital India programme, the Ministry of Electronics and Information Technology (MeitY) offers services on Digital Infrastructure as a Utility, Governance and Services on Demand, Digital Empowerment of Citizens and MSMEs. Digital payments are also done by MSMEs through different platforms.

To attract investments and provide an enabling eco-system for the overall development across states and sectors the Central Government in collaboration with State Governments implements various schemes such as National Industrial Corridor Development Programme, UNNATI for the North-eastern States, New Central Sector Scheme for Jammu and Kashmir, Startup India.

Under the National Industrial Corridor Development Programme (NICDP), various greenfield industrial areas/region/nodes are being developed across India with the objective of creating manufacturing and investment destinations that are globally competitive. Till date about 20 projects under NICDP have been approved. Moreover, Industrial parks are being developed in partnership with state governments and private sector. There are currently 306 plug-and-play industrial parks in India, and an additional 20 plug-and-play industrial parks and smart cities are being developed by the National Industrial Corridor Development Corporation (NICDC).

The UNNATI (Uttar Poorva Transformative Industrialization) Scheme provides support to industries to enhance regional infrastructure, generate employment, and promote resilience and economic growth in the North-eastern States. Under this scheme, incentives like Capital Investment Incentive (CII), Capital Interest Subvention (CIS) and Manufacturing & Services linked incentive (MSLI) are being provided.

For the Industrial Development of Jammu and Kashmir, the Government of India is implementing the New Central Sector Scheme (NCSS), 2021 with a financial outlay of ₹28,400 Crore for encouraging new investments. Incentives like Capital Investment Incentive (CII), Capital Interest Subvention (CIS), Goods & Services Tax Linked Incentive (GSTLI) and Working Capital Interest Subvention (WCIS) are being provided under this scheme.

Further, the Government has approved the Employment Linked Incentive (ELI) Scheme to support employment generation, enhance employability and social security across all sectors, with special focus on manufacturing sector. With an outlay of Rs 99,446 Crore, the ELI Scheme aims to incentivize the creation of more than 3.5 Crore jobs in the country, over a period of 2 years. Out of these, 1.92 Crore beneficiaries will be first timers, entering the workforce.

The Government has been implementing the PM Internship Scheme with an objective to enhance industry-relevant skills, improve job readiness, and foster professional exposure through structured internships in India’s top-performing companies and institutions. In Round I of the Pilot Project, more than 1.81 lakh candidates have applied and the partner companies made over 82,000 internship offers to over 60,000 candidates. In Round II, more than 2.14 lakh candidates have applied and the partner companies made over 83000 internship offers to over 71000 candidates.

The Government has also been taking up various measures for facilitating and promoting investments across sectors through interventions to improve ease of doing business and policy measures to boost domestic manufacturing, which include National Single Window System, GIS enabled Land Bank, Foreign Direct Investment (FDI) policy reforms, PM Gati Shakti National Master Plan for integrated planning of multimodal infrastructure, Project Monitoring Group to remove bottlenecks in setting up of major infrastructure projects.

This information was given by the Minister of State for Ministry of Commerce & Industry, Shri Jitin Prasada, in Rajya Sabha today.

ANNEXURE-I

ANNEXURES REFERRED TO IN REPLY TO PARTS (a) to (c) OF THE RAJYA SABHA UNSTARRED QUESTION NO. 3880 FOR ANSWER ON 27.03.2026

Manufacturing Sectors

  1. Aerospace and Defence

  2. Automotive and Auto Components

  3. Pharmaceuticals and Medical Devices

  4. Bio-Technology

  5. Capital Goods

  6. Textile and Apparels

  7. Chemicals and Petro chemicals

  8. Electronics System Design and Manufacturing (ESDM)

  9. Leather & Footwear

  10. Food Processing

  11. Gems and Jewellery

  12. Shipping

  13. Railways

  14. Construction

  15. New and Renewable Energy

Service Sectors

  1. Information Technology & Information Technology enabled Services (IT & ITeS)

  2. Tourism and Hospitality Services

  3. Medical Value Travel

  4. Transport and Logistics Services

  5. Accounting and Finance Services

  6. Audio Visual Services

  7. Legal Services

  8. Communication Services

  9. Construction and Related Engineering Services

  10. Environmental Services

  11. Financial Services

  12. Education Services

 

ANNEXURE-II

ANNEXURES REFERRED TO IN REPLY TO PARTS (a) to (c) OF THE RAJYA SABHA UNSTARRED QUESTION NO. 3880 FOR ANSWER ON 27.03.2026

Details of actual investments, increased in production and employment generation under PLI Schemes

Details/Year

Upto FY 2022-23

Upto FY 2023-24

Upto FY 2024- 2025

Upto FY 2025-26*

Investments

0.51 lakh crore

1.18 lakh crore

1.76 lakh crore

2.16 lakh crore

Sales/Production

4.50 lakh crore

9.71 lakh crore

16.50 lakh crore

20.41 lakh crore

Employment

3 lakhs

8 lakhs

12 lakhs

14.39 lakhs

*upto 31st December 2025

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Acts Income Tax