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    July 14, 2026
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    Corporate tax growth strengthens direct tax collections, reflecting resilient profitability, advance tax payments, and improving compliance
    Net direct tax collections rose by 16.40 per cent to over Rs 6.51 lakh crore up to July 13, driven mainly by a 22 per cent increase in net corporate tax collections. Net non-corporate tax collections also increased, while Securities Transaction Tax collections grew by 48 per cent. Gross direct tax collections rose by 16.11 per cent, and refunds increased by 14.57 per cent. The collection trend was associated with resilient corporate profitability, stronger corporate advance tax payments, continued compliance and increasing formalisation.
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    July 14, 2026
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    Explore Touristhub Holidays LLP received recognition as a leading travel agency for memorable holiday experiences. The recognition highlighted its personalized holiday planning, customer satisfaction, itinerary innovation, and contribution to India's travel and tourism sector. The company provides leisure holidays, corporate travel management, MICE services, educational tours, group departures, honeymoon packages, pilgrimage tours, and customized travel experiences. Its service approach emphasizes tailored itineraries, quality hospitality, safety, seamless execution, competitive pricing, reliable support, and assistance throughout the journey.
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    July 14, 2026
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    Excess GST collection requires promoter refund or direct GST claims by eligible homebuyers after credit-note deadlines expire
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    Wholesale inflation rises as mineral, food, fuel and non-food prices intensify, complicating RBI's inflation-management mandate.
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    July 14, 2026
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    NCLT vacancies and infrastructure gaps remain under review as delays in insolvency resolution plans raise IBC efficiency concerns
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    July 14, 2026
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    July 14, 2026
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    Wildlife trafficking enforcement targets ivory, endangered species, and transnational smuggling through coordinated operations and CITES-based protections
    Intelligence-led operations targeted organised wildlife trafficking involving endangered and protected fauna, ivory, and other wildlife products. More than 440 protected or endangered animals, approximately 15 kg of ivory articles and elephant ivory, and products including pangolin scales, leopard pelt, seahorse-based articles, and Red Sanders were seized, while 33 persons were arrested or apprehended. Elephant ivory recoveries were referred to the Forest Department for action under the Wildlife (Protection) Act, 1972. The Indian elephant is protected under Schedule I, trade in elephants and derivatives is prohibited, commercial ivory trade is restricted under CITES obligations, and ivory imports and exports are prohibited under the Foreign Trade Policy.

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      Customs & Trade

      Air India operates first flight from Varanasi under Hub and Spoke model

      June 25, 2026

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      Varanasi, Jun 25 (PTI) Air India on Thursday operated the first flight from Varanasi under the Hub and Spoke model, which seeks to provide seamless connectivity between smaller cities and overseas destinations, with Prime Minister Narendra Modi saying the initiative will bring India's regions closer to global opportunities.

      After inaugurating the first flight, Civil Aviation Minister K Rammohan Naidu said such services will commence from six more cities in six weeks.

      The model that seeks to make India a global aviation hub will enable seamless connectivity between Tier-II and Tier-III airports with international destinations.

      Passengers arriving from smaller cities will be routed through major hub airports such as Delhi for onward international connections.

      The inaugural 'Easy Connect' flight AI1111 departed from Varanasi at 9.30 am and landed at Delhi at around 10.50 am, and further passengers would be connected to nine international destinations, including Dubai, Colombo, Jeddah and Phuket.

      In a message on Thursday, Modi said the Hub and Spoke international flights model would reduce travel time for passengers, as well as bring regions of India closer to global opportunities.

      Modi said better international connectivity creates new opportunities for trade, tourism, investment, education and business.

      "It enables people from smaller cities to access global destinations through a single, integrated journey while also supporting the movement of goods and services. This will contribute to regional development and strengthen India's economic growth," he said in the message.

      The message was read out by Civil Aviation Secretary Samir Kumar Sinha at the inaugural ceremony for the first flight.

      According to the prime minister, the initiative will reduce travel time for passengers, make better use of existing infrastructure, improve aircraft utilisation and help ease congestion at major airports.

      "Most importantly, it will bring more regions of India closer to global opportunities," he said.

      Varanasi, from where the operations under the model are starting, is also the Lok Sabha constituency represented by Modi.

      Over the next few months, Air India said it aims to start such flights from Ahmedabad, Amritsar, Chennai, Goa, Guwahati, Hyderabad, Kochi, Mumbai, Patna, Vadodara and Visakhapatnam.

      Naidu said IndiGo would also be starting flights under the Hub and Spoke model.

      At the inaugural ceremony, Air India CEO and MD Campbell Wilson said 'Easy Connect' flights would be extended to Amritsar, Ahmedabad, Kochi, Goa, Hyderabad, Chennai and other cities in the coming months.

      'Easy Connect' flights will enable travellers from cities beyond major hubs to drop baggage and complete immigration at the origin airport and travel seamlessly to overseas destinations.

      Civil Aviation Secretary Samir Kumar Sinha said the Hub and Spoke model would benefit Tier II and Tier III cities as well as help create more job opportunities and attract investments.

      "Nearly 25 million passengers travel long-haul to and from India annually, of which close to 20 million are connecting travellers and around 85 per cent (approximately 17 million) of whom currently transit through overseas hubs rather than Indian airports," Air India said in a release.

      At present, nearly 35 per cent of international passengers travelling from India transit through foreign hubs such as Dubai, London and Singapore.

      With the Hub and Spoke model, the government looks to reverse the trend by developing global aviation hubs like Delhi, Mumbai, Bangalore, Hyderabad, Kolkata and Chennai.

      At the spoke airport, passengers will be issued two separate boarding passes, clearly marked with 'D' (Domestic) and 'I' (International) indicators.

      Customs and immigration formalities for outbound passengers will be completed at the first point of exit from the country, which will be the spoke airport, and passengers on such outbound journeys will not have access to customs declaration facilities during transit.

      For inbound passengers, customs and immigration processes will take place at the final point of entry into the country, which will again be the spoke airport.

      The baggage for both inbound and outbound international passengers will be transferred seamlessly through airside operations at the hub airport, eliminating the need for passenger intervention.

      India is one of the world's fastest-growing domestic civil aviation markets. PTI RAM MR

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