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    'Tax evasion' case: Anil Ambani gets interim protection from coercive action under Black Money Act
    India’s Pharmaceutical Sector Reflects Commitment to Affordable Healthcare and Global Well-Being: Union Minister of Commerce and Industry Shri Piyus...
    Department of Commerce organizes Regional Outreach Programme and Press Interaction in Pharmexcil’s Regional Office, Mumbai
    India's exports hit all-time high of $863 bn in FY 25-26: Commerce ministry official
    J&K Bank inks pact to offer banking services to govt's contractual employees
    Karnataka at forefront of IT services, textile and petroleum products export: Official
    Strict timelines, independent audits: ED receives online feedback on improving functioning
    Rupee rises 20 paise to close at 95.41 against US dollar
    India eyes more FDI, speed up divestment, asset monetisation as economy faces external risks
    Officials say West Asia crisis hit April tea export; Tea Board eyes matching last year's shipment
    Bandhan Bank partners with Centrum Finserve to launch integrated '3-in-1' account
    Home Loan Interest Rate Updates 2026: Key Factors Influencing Housing Loan Costs this Year
    Extension of timeline for implementation of mandatory "Ship To GSTIN" and Voluntary Closure of E-Way Bill functionalities
    Maharashtra cabinet clears administrative restructuring; 10 new departments to be added
    India's exports rising steadily due to policy push, reforms: Official
    Market snaps two-day losing streak; Sensex gains 400 pts on strong global cues
    Know Before You Pledge: Bajaj Finance's Gold Loan Calculator Gives Borrowers a Real Number
    ED summons sons of K'taka Cong MLA in crypto-linked money laundering case
    Gold regains Rs 1.6 lakh/10g level as weak US dollar lifts sentiment
    Nepal govt restricts imports of mangoes from India
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    June 10, 2026
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    Black Money Act challenge secures interim protection against prosecution and penalty in foreign asset non-disclosure dispute.
    Interim protection from coercive action, including prosecution and penalty, was granted in a writ petition challenging the constitutional validity of provisions of the Black Money Act. The petitioner disputed the Act's retrospective application to earlier assessment years and the notice alleging wilful non-disclosure of foreign bank accounts, foreign assets, and beneficial interests in overseas entities, while the appeal process was allowed to continue.
    June 10, 2026
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    Affordable pharmaceuticals and regulatory cooperation shape India's strategy for export growth, innovation and global healthcare partnerships.
    India's pharmaceutical sector is being positioned as a driver of affordable healthcare, global supply reliability and innovation-led growth, with emphasis on quality standards, manufacturing capability and wider access to medicines. Policy and industry priorities highlighted include expansion of pharmaceutical exports, market diversification, regulatory excellence and stronger international cooperation. The communication also announces iPHEX 2026 and the Global Drug Regulatory Conclave 2026 as platforms for showcasing Indian pharmaceutical capabilities and for engagement among regulators, policymakers, industry leaders and foreign missions.
    June 10, 2026
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    Pharmaceutical export strategy advances through digital trade facilitation, biopharma growth and value-led manufacturing priorities.
    India's pharmaceutical export and manufacturing strategy was highlighted through a regional outreach programme focused on reforms, export capability and competitiveness. The discussion emphasised the sector's movement from volume-led exports to value-led exports, supported by digital export facilitation measures, compliance and market access initiatives, trade agreements and collaboration with industry. Future priorities included biopharmaceutical manufacturing, research and development, global capability centres and greater self-reliance in key inputs and high-value pharmaceutical products.
    June 9, 2026
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    Export growth and trade agreements drive record Indian shipments, with duty-free access and wider market opportunities.
    India's exports were reported to have reached record levels, with total exports rising to USD 863 billion in FY 2025-26. The export base was said to have diversified through growth in merchandise, services and non-petroleum exports. Landmark trade agreements were described as providing duty-free or tariff-concession access across major markets, while Punjab and Haryana were highlighted for export opportunities in textiles, engineering, agriculture, food processing, pharmaceuticals and chemicals.
    June 9, 2026
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    Banking and insurance benefits extended to contractual and daily-rated workers through a structured government agreement.
    A memorandum of understanding was signed to extend a structured package of banking, insurance and credit-related benefits to daily-rated workers, contractual employees and other casual workers of the government of Jammu and Kashmir. Eligible beneficiaries will receive zero-balance accounts, free debit cards, digital banking facilities, concessional remittance services, specially designed credit products, and group personal accidental insurance with disability-related cover.
    June 9, 2026
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    Free trade agreements and trade digitisation drive India's export growth, with Karnataka leading in IT services exports.
    India's export sector has shown broad-based growth, with services exports rising strongly and helping offset the trade deficit. Karnataka has emerged as a leading state in IT services exports and has also performed well in textiles and petroleum products. The expansion of Free Trade Agreements, duty reductions in several sectors, and trade digitisation measures have been highlighted as key factors supporting export growth and the wider goal of Viksit Bharat 2047.
    June 9, 2026
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    Investigative timelines and independent audits were among key suggestions to improve Enforcement Directorate functioning and public trust.
    Public feedback on improving the functioning of the Enforcement Directorate highlighted the need for strict timelines for investigations, independent audits, oversight mechanisms, and stronger accountability systems to improve transparency and public trust. Suggestions also included secure whistleblower protections, AI and Big Data analytics, a digital case and complaint-tracking portal, stronger inter-agency coordination, fast-track courts for economic offences, specialised recruitment, and regular training and technology upgradation.
    June 9, 2026
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    Rupee appreciation against the US dollar reflects softer crude prices, weaker dollar strength and easing geopolitical tensions.
    The rupee appreciated against the US dollar on account of softer Brent crude prices, a weaker dollar index, easing West Asia tensions, positive domestic market sentiment and reported support from possible Reserve Bank intervention. Market participants said the currency remained sensitive to geopolitical developments, US economic data, crude price movements and foreign inflows, with near-term trading expected within a defined range.
    June 9, 2026
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    Foreign investment and capital market reforms drive continued push for disinvestment, asset monetisation and GST process changes.
    Government plans to continue reforms aimed at boosting foreign investment, accelerating disinvestment and asset monetisation, and deepening capital markets as part of its effort to preserve growth momentum amid external risks. Financial-sector measures are being pursued to attract long-term foreign capital and strengthen market accessibility, including steps to improve foreign portfolio investor participation in Government securities through tax exemptions, expansion of securities under the Fully Accessible Route, and streamlined investment norms. The next GST Council meeting is expected to consider process reforms, while inclusion of petrol and diesel under GST would depend on proposals being brought forward by states.
    June 9, 2026
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    Tea export slowdown amid West Asia tensions prompts market diversification, quality checks, and support measures for domestic industry.
    India's tea exports slowed in recent months because of West Asia tensions and disruption in key overseas markets, though overall earnings stayed resilient due to higher value addition, packaging, processing, and firmer auction prices. The Tea Board is promoting diversification into newer destinations such as China and African countries, while also proposing support for Darjeeling replanting and tightening import quality checks through 100 per cent inspection of tea entering India.
    June 9, 2026
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    Integrated 3-in-1 account combines banking, demat and trading services through a paperless single platform.
    Banking, demat and trading services are being combined through an integrated 3-in-1 account launched in partnership with a financial services company. Customers can open and operate the linked accounts through a paperless process using branch and digital channels on a single platform. The platform also provides access to equities, IPOs, derivatives, ETFs and indices, together with chart-based execution, algorithmic strategies and margin leverage.
    June 9, 2026
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    Home loan interest rates hinge on repo rate, credit score, and tenure, making EMI planning essential before borrowing.
    Home loan interest rates in 2026 are influenced by monetary policy, inflation, liquidity, and the borrower's financial profile, including CIBIL Score, income stability, loan amount, and property profile. External benchmark-linked floating-rate loans transmit RBI policy changes more directly, while EMI calculators help borrowers compare rate, tenure, and repayment cost before applying. The article also highlights part-prepayments, balance transfer options, and basic eligibility and document requirements for a home loan.
    June 9, 2026
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    Mandatory Ship To GSTIN capture and e-way bill closure functionality get extended implementation timeline for system readiness.
    The implementation timeline for two E-Way Bill system functionalities has been extended to allow taxpayers and other ecosystem participants additional time for system readiness. The mandatory capture of Ship To GSTIN in Bill-To/Ship-To transactions and the Voluntary Closure of E-Way Bill functionality will now be implemented from 1 August 2026. Stakeholders are advised to complete the necessary system changes, testing and operational preparedness before the revised implementation date.
    June 9, 2026
    Show AI Summary
    Administrative restructuring and GST alignment reshape state governance, education approvals, and industrial borrowing powers.
    Administrative restructuring increased the number of state departments from 33 to 43, with 13 ministerial departments to be reorganised and sub-divisions converted into independent departments. No new posts will be created; functions and responsibilities will be redistributed to improve efficiency and speed up decision-making. Amendments were also approved to streamline approvals under the Maharashtra Public Universities Act, align the state GST law with the Central GST Act, and enhance MIDC's borrowing powers for industrial development activities.
    June 9, 2026
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    Textile export growth gains momentum through policy support, trade reforms and stronger global competitiveness in apparel markets.
    India's export growth in textiles and apparel has been supported by government policy measures, improved digital infrastructure, stronger logistics and trade reforms. The sectoral framework includes the 5F vision, the Production Linked Incentive scheme, PM MITRA parks, Mega Textile Parks, the National Technical Textiles Mission, export promotion measures, Free Trade Agreements and the Export Promotion Mission, described as strengthening the textile value chain and improving global competitiveness.
    June 9, 2026
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    Banking stocks drive market recovery as global cues improve and RBI liquidity measures lift sentiment.
    Indian equity markets recovered after two sessions of losses, led by strong buying in banking and financial stocks. The advance was supported by firmer global markets, easing geopolitical tensions, softer crude prices, and improved risk appetite, while foreign fund outflows limited gains. PSU banks and related financial stocks outperformed on expectations that recent RBI liquidity initiatives would improve banking system liquidity and reduce funding costs.
    June 9, 2026
    Show AI Summary
    Gold loan calculator uses RBI-aligned valuation and loan-to-value limits to estimate borrowing before pledge.
    Gold loan borrowing is presented as a process simplified by a loan calculator that estimates eligible credit before gold is pledged. The amount is calculated from the weight and purity of the gold and an RBI-aligned valuation method based on the lower of the previous day's closing price or the 30-day average closing price published by IBJA or a SEBI-regulated commodity exchange. The article also states that the eligible amount is determined by applying the RBI-prescribed loan-to-value ratio of up to 85%.
    June 9, 2026
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    Crypto-linked money laundering probe under the Prevention of Money Laundering Act leads to summons for statement recording.
    Enforcement Directorate action in a crypto currency-linked money laundering investigation under the Prevention of Money Laundering Act involves summons issued to two sons of a Karnataka Congress MLA for recording statements in connection with alleged proceeds arising from hacking of national and international websites, theft of bitcoins, and sale of stolen virtual digital assets through crypto platforms. The matter is stated to originate from Karnataka Police FIRs and chargesheets in a 2017 case, and the brothers had earlier been questioned by the Karnataka Police special investigation team in the same investigation.
    June 9, 2026
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    Gold prices rebound on a weaker dollar and easing geopolitical tensions as markets watch US inflation signals.
    Gold prices in the domestic bullion market rebounded and moved back above the Rs 1.60 lakh per 10-gram level, supported by a weaker US dollar, lower crude oil prices, easing Treasury bond yields and improved investor sentiment. Market participants attributed the recovery to renewed interest in precious metals even though global gold prices were slightly lower.
    June 9, 2026
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    Import restriction on mangoes raises quarantine concerns, supports local farmers, but may trigger shortages and price increases.
    Import restriction on mangoes from India has been imposed because of alleged excessive pesticide content and the absence of quarantine facilities in border areas, particularly in Madhesh province. The restriction has increased the availability of locally grown mangoes and supported local farmers, but traders warn that Nepal's seasonal production may be insufficient to meet year-round demand. They have called for stronger quarantine and quality-testing systems instead of a complete ban, citing possible shortages, higher prices and effects on mango-based industries.

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      Govt highlights tax reforms, investor confidence as Modi completes 12 years as PM

      June 10, 2026

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      New Delhi, Jun 10 (PTI) From tax reforms to digital push, and ease of doing business to moving towards becoming the fastest-growing economy, the government on Wednesday highlighted the achievements during the 12 years of Narendra Modi as India's longest-serving elected prime minister.

      Modi surpassed Jawaharlal Nehru's record of 4,398 days as an elected prime minister.

      A booklet released by the Centre on the occasion said the reduction in income tax burden over the past 12 years reflects the government's vision of 'Ramrajya', adding reforms like GST, faceless tax, and Digital India have helped build trust in the public system that will support India in becoming a USD 5-trillion economy.

      Increased taxpayer confidence has enabled greater investment in roads, hospitals, infrastructure, and other initiatives aimed at strengthening India's future.

      India's growth story has transitioned from 'Fragile Five' to 'Fastest Growing Economy'. In 2013, India was ranked among the world’s five most vulnerable economies; however, decisive reforms completely turned the tide, it said.

      "Today, India stands proudly as the world’s fastest-growing major economy. Behind this monumental transformation lies a series of decisive reforms." The government successfully brought inflation under control, implemented GST, thus unifying the entire nation into a single market, and carried out banking reforms, which led to a reduction in non-performing assets (NPAs).

      "Twelve years of reforms have become twelve years of trust. Whether it is GST, faceless tax, or Digital India, every step has made citizens feel that they too are nation-builders. India is moving towards a 5-trillion-dollar economy. This is not just a figure, it is the flight of every Indian's dream," the booklet said.

      Highlighting the achievements of the government's digital push, an official document released on Wednesday said the cost of 1 GB of data plunged by 97 per cent to around Rs 8-10 from Rs 269 in 2014, which led to an increase in internet usage in rural areas and opened a new world of opportunities for the people.

      In the last 12 years, the country has seen about a fourfold surge in internet users to 103 crore up to December 2025 from around 25 crore subscribers in 2014. Meanwhile, broadband connections have jumped about 17 times to nearly 100 crore from 6 crore during the same period.

      A booklet titled 'Public Service is the Resolve' highlighted the initiatives taken by the government in the last 12 years for farmers' welfare.

      The Modi government has increased the annual budget for the agriculture ministry by fivefold in the last 12 years to Rs 1.4 lakh crore for the current fiscal as part of its efforts to boost the farm sector and enhance farmers' income.

      The Centre has distributed a whopping Rs 4.3 lakh crore to farmers under PM-KISAN. Under the scheme, launched in February 2019, the government provides Rs 6,000 to eligible farmers annually in three equal instalments.

      Industry leaders lauded the government's reforms and policies, and said the nation has emerged as an influential global voice under Modi's transformative leadership.

      They highlighted the government's emphasis on improving ease of doing business, saying that it has benefited from the enabling environment marked by increased investor confidence and that India Inc stands firmly with the prime minister in realising the Vision of Viksit Bharat by 2047.

      Confederation of Indian Industry President R Mukundan said the growing confidence in India's capabilities is reflected in its resilience, ambition, and continued progress towards becoming a leading global economic powerhouse.

      "As India moves towards its vision of Viksit Bharat 2047, industry remains committed to working closely with the government to accelerate investment, strengthen competitiveness, create quality employment, and ensure that growth remains inclusive, sustainable, and future-ready," he added.

      Ficci President Anant Goenka said, "Congratulations to Prime Minister Narendra Modi on completing this landmark chapter in India's democratic journey. The past twelve years have been characterised by the steady consolidation of India's economic fundamentals".

      "Landmark reforms, enhanced ease of doing business, record infrastructure investments, expanding trade partnerships, stronger financial institutions and the rise of globally competitive manufacturing ecosystems have altered the trajectory of the Indian economy." PTI JD RSN PRS MJH HVA VHI VHI BAL BAL

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