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    Punjab offers immense opportunities in Textile sector; CM urges entrepreneurs to invest
    Mahadev betting app PMLA case: ED arrests Ebix chairman Vikas Garg
    Direct taxes grow 16 pc to Rs 6.51 lakh crore so far on faster corporate tax mop-up
    Gurugram realty 'fraud': SC transfers money-laundering case involving Amit Katyal to Delhi
    Import of goods produced through use of forced labour prohibited: Govt
    CID chief Supratim Sarkar shifted in major police rejig; Jayraman moved to Economic Offences wing
    A Swadeshi Blueprint for a Rs.3000 Trillion Bharat: The BGIF Story
    International-level market to be set up near Vadhvan Port to boost farm exports: Minister
    India, China trade rises to USD 91.72 bn in first 6-month, trade deficit widens to USD 67.1 bn
    HIGHLIGHTS
    First Round of India–Maldives Free Trade Agreement Negotiations Concludes Successfully
    Explore Touristhub Holidays LLP Honoured by Saina Nehwal at Business Excellence India Awards 2026
    Rupee falls 62 paise to close at 96.30 against US dollar
    Union Minister of Commerce and Industry Shri Piyush Goyal Begins Spain Visit with High-Level Engagements to Deepen India–Spain Economic Partnership
    Direct tax mop-up grows 16 pc to over Rs 6.51 lakh cr so far in FY27
    IC Electricals Secures INR 4.89 Crore Export Order from US Customer Through Subsidiary Safe Coils India; Export Order Book Surpasses INR 17.20 Crore
    UP RERA to facilitate GST refund for homebuyers, warns builders against excess levy
    India, UK trade pact to come into force from July 15: An Explainer
    WPI inflation rises to 9.87 pc in June; minerals, food items see price spike
    SC adjourns suo motu case on NCLT vacancies, infrastructure; says appointments process underway
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    July 14, 2026
    Show AI Summary
    Textile investment opportunities: Punjab promotes integrated value chains, single-window approvals, infrastructure, and export-focused industrial growth.
    Punjab's industrial policy aims to attract textile investment, expand employment and exports, and provide an industry-friendly environment through time-bound approvals, single-window and single-pen systems, and reduced bureaucratic obstacles. Punjab is promoted as having a complete textile value chain covering cotton cultivation, spinning, yarn, fabrics, knitting, processing, garments, manufacturing and exports. Its investment ecosystem is described as offering power tariffs, land facilities, transparent approvals, infrastructure and the Right to Business Act, while industry participation is encouraged to strengthen innovation, exports and inclusive economic growth.
    July 14, 2026
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    Betting proceeds laundering allegations link layered transactions and asset acquisitions to the Mahadev online betting syndicate investigation
    The Enforcement Directorate arrested Ebix Group chairman Vikas Garg under the Prevention of Money Laundering Act in an investigation concerning alleged laundering of proceeds from Mahadev Online Book and Skyexchange betting operations. The agency alleges that betting proceeds were routed through hawala entries, shell entities and layered transactions into entities owned or controlled by Garg, and used to acquire shares, securities and other assets. It further alleges that Garg acquired a controlling stake in EbixCash using such funds. The investigation concerns a franchise-based betting syndicate operating through multiple online platforms.
    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.
    July 14, 2026
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    PMLA territorial jurisdiction in homebuyer fraud permits concurrent forum competence where alleged proceeds were acquired and concealed across locations
    Money-laundering proceedings arising from alleged cheating of homebuyers in a Gurugram real-estate project were transferred to the Special PMLA Court at Saket, Delhi, with prosecution continuing from its existing stage. The jurisdictional issue involved alleged acquisition of proceeds of crime at Gurugram and concealment of attached proceeds in Delhi, creating simultaneous jurisdiction for the PMLA courts at both locations. The underlying allegations include collection of funds before project licensing, fraudulent bookings, diversion of project funds, undervalued land transfers during insolvency, and diversion of public-sector bank loans.
    July 14, 2026
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    Forced-labour import ban strengthens trade controls, with DGFT inquiry procedures and government power to restrict identified goods.
    The Foreign Trade Policy, 2023 prohibits the import of goods produced or manufactured, wholly or partly, through forced labour. The central government may prohibit specific goods where an inquiry or other relevant evidence indicates forced-labour production. The Directorate General of Foreign Trade will conduct inquiries under the procedure prescribed in the Handbook of Procedures, 2023. Forced labour is defined by reference to the ILO Forced Labour Convention, 1930, as work or service exacted under threat of penalty without voluntary offer by the person concerned.
    July 14, 2026
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    Police leadership reshuffle strengthens economic-offences investigations and reallocates senior officers across intelligence, security, and district policing
    West Bengal reorganised its police leadership by transferring 28 IPS officers and five WBPS officers across investigative, intelligence, telecommunications, correctional, traffic, cyber and district-policing assignments. N R Babu became head of the Criminal Investigation Department while retaining additional charge of prisons, and Supratim Sarkar moved from the CID to Telecommunications. K Jayraman was appointed Director of the Directorate of Economic Offences in the context of the government's stated focus on alleged financial irregularities. Other changes included new leadership for the Special Task Force, Intelligence Branch, Bidhannagar Police, the Narayani Battalion and several districts, including revised postings in Baruipur following serious criminal incidents.
    July 14, 2026
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    Industrial collaboration platform combines policy advocacy, regulatory guidance and cross-border manufacturing partnerships to advance India's global industrial ambitions
    BGIF is presented as a Swadeshi-oriented industrial collaboration and policy platform connecting businesses, policymakers, investors, technocrats and innovators. Its functions include policy advocacy, regulatory guidance, sector-specific insights, investment access, fundraising support, deal structuring and business expansion. The forum operates through domestic chapters and an international network, and reports engaging in freight-related policy advocacy, participating in pre-Budget consultations, and facilitating a memorandum of understanding between an Indian manufacturer and an overseas partner for manufacturing cooperation and technology exchange. Its roadmap includes further chapters, international partnerships, industry conclaves and policy dialogues.
    July 14, 2026
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    Integrated agricultural trade hub near Vadhvan Port aims to strengthen exports through cold chains, logistics, and transparent trading
    Maharashtra has approved an international-standard agricultural market at Dapchari in Palghar district near the upcoming Vadhvan Port. Developed by the Maharashtra State Agricultural Marketing Board, the project will combine an international market, a market of national importance and Agricultural Produce Market Committees. Planned infrastructure includes wholesale and import-export facilities, cold chains, grading and packaging units, multimodal logistics, warehouses, testing laboratories, container terminals, railway siding, e-auctions and an export facilitation centre. The project aims to support transparent trading, post-harvest value addition, reduced losses and improved agricultural exports.
    July 14, 2026
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    Bilateral trade expansion with China coincides with a widening deficit, as India seeks greater market access and investment
    Bilateral trade between India and China increased in the first half of 2026, while the trade imbalance widened in China's favour. Chinese exports included electronics, telecommunications equipment, semiconductors, batteries, machinery, computers, chemicals, plastics and polymers. Indian exports included minerals, refined fuels, chemicals, electronics, agricultural and marine products, metals, gems, jewellery and pharmaceuticals. India continues to seek improved Chinese market access for information technology, pharmaceutical and agricultural products, alongside greater Chinese investment in India. Discussions also focus on expanding the range of traded goods and applying consumer-protection mechanisms while enabling increased Indian exports.
    July 14, 2026
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    Language-policy challenges and religious-practice arrangements highlight legal developments alongside deportation reform and criminal investigation measures.
    The Supreme Court sought responses on challenges to the CBSE three-language requirement for Class 9 students and directed that Muslims be provided a separate open space adjacent to the disputed Bhojshala site for Friday prayers. A special NIA court issued a non-bailable warrant against Hafiz Saeed in connection with an investigation into the Pahalgam terror attack. The United Kingdom initiated a legislative change intended to remove an obstacle to deporting a grooming-gang leader to Pakistan.
    July 14, 2026
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    India-Maldives FTA negotiations advance market access, investment facilitation and broader economic cooperation through eight technical sessions
    The first round of India-Maldives Free Trade Agreement negotiations concluded after virtual, text-based discussions across eight technical sessions and eight policy areas. The parties made substantive progress and reached broad convergence on several issues. The proposed FTA is intended to enhance market access, facilitate investment, promote economic cooperation and support sustainable economic growth. Both sides are pursuing a broad-based, balanced and comprehensive agreement guided by fairness and reciprocity, while also seeking deeper cooperation in tourism, startups, digital payments, MSMEs and trade.
    July 14, 2026
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    Business excellence recognition highlights Explore Touristhub Holidays LLP's personalized travel planning, service quality, and customer-focused holiday experiences.
    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.
    July 14, 2026
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    Rupee depreciation reflects crude oil pressures, geopolitical uncertainty, safe-haven dollar demand, widening trade deficit, and rising inflation
    The rupee depreciated against the US dollar amid higher crude oil prices, renewed geopolitical concerns and increased demand for safe-haven dollar assets. Rising crude prices increased India's dollar-denominated import burden and contributed to foreign exchange outflows and pressure on the domestic currency. India's exports increased year-on-year in June, but the trade deficit widened as imports, particularly crude oil imports, rose. Wholesale price inflation also increased, while net direct tax collections recorded year-on-year growth, primarily reflecting higher corporate tax collections.
    July 14, 2026
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    Bilateral economic cooperation expands through trade, investment, innovation, industrial partnerships and technology collaboration across priority sectors
    India and Spain pursued deeper economic cooperation through discussions on trade, investment, innovation and industrial partnerships. Priority areas included renewable energy, green hydrogen, advanced manufacturing, digital technologies, infrastructure, clean energy, mobility, tourism, automotive, railways and smart infrastructure. The discussions addressed market access, resilient supply chains, technology partnerships, investment flows and business linkages. The India-Spain Business Forum examined opportunities in manufacturing, infrastructure, renewable energy, digital technologies, the digital economy and innovation, while the Fast Track Mechanism was discussed as a means of facilitating new investments and strengthening business confidence.
    July 14, 2026
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    Direct tax collections rise as corporate and non-corporate tax receipts grow, alongside increased refunds during the fiscal year
    Net direct tax collection increased by 16.40 per cent to over Rs 6.51 lakh crore up to July 13 of the fiscal year. Net corporate tax collection rose by 22 per cent, while net non-corporate tax collection, covering individuals, Hindu undivided families and firms, increased by about 12 per cent. Refunds of Rs 1.22 lakh crore were issued, and gross direct tax collection increased by 16.11 per cent to over Rs 7.73 lakh crore.
    July 14, 2026
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    Export Order Through Subsidiary Expands Railway Equipment Business and Increases Unexecuted International Order Book Beyond Prior Executions
    IC Electricals received a USD 510,000 export purchase order from a United States customer through its subsidiary, Safe Coils India Private Limited. The order increases its unexecuted export order book to USD 1.8 million, representing growth of more than 300% compared with export orders executed during financial year 2025-26. The company manufactures railway electrical and electronic equipment and undertakes turnkey railway electrification projects, including design, supply, erection, testing, and commissioning of 25 kV AC overhead equipment and traction substations. Its forward-looking growth statements remain subject to governmental, economic, political, operational, and technological risks.
    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
    Registered real estate promoters must collect GST from homebuyers only at notified rates and refund any excess collection or issue a credit note where legally permissible. If a project is cancelled, an agreement terminated, or an allotment revoked after the statutory credit-note period expires, an eligible unregistered allottee may seek a direct GST refund by obtaining temporary registration through a PAN and filing Form GST RFD-01 with proof of tax payment, supporting documents, and a promoter-issued certificate. Claims must be filed within two years and remain subject to GST verification.
    July 14, 2026
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    India-UK trade pact expands preferential market access, with phased automobile tariffs, procurement rights, origin rules and intellectual-property safeguards
    The India-UK Comprehensive Economic and Trade Agreement provides duty-free or reduced-duty access for nearly 99% of Indian exports to the UK and phased tariff reductions for specified UK goods entering India. Automobile concessions are subject to quotas and differentiated treatment for conventional, electric, hybrid and hydrogen vehicles. Alcoholic-beverage concessions depend on phased tariff reductions and minimum import prices, while specified products remain excluded. The agreement covers government procurement, stronger intellectual-property enforcement while preserving compulsory licensing, temporary social-security contribution relief for transferred employees, and rules of origin requiring specified production, processing or value addition for preferential tariffs.
    July 14, 2026
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    Wholesale inflation rises as mineral, food, fuel and non-food prices intensify, complicating RBI's inflation-management mandate.
    Wholesale Price Index inflation increased to 9.87 per cent in June 2026, driven by mineral oils, food articles, basic metals, and chemicals. Fuel and power inflation remained elevated, while food and non-food article prices also rose. Retail inflation increased to 4.38 per cent. The Reserve Bank of India primarily considers CPI inflation for monetary policy and is mandated to maintain headline inflation at 4 per cent, with a tolerance range of 2 per cent on either side. Its inflation projection was raised due to higher input costs and the transmission of global energy prices to retail fuel prices.
    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
    Delays in appointing judicial and technical members to the National Company Law Tribunal, inadequate infrastructure, and concerns over its disposal rate are being considered in suo motu proceedings. The hearing was deferred after the appointment process was reported to be underway. The proceedings followed concerns regarding persistent delays in approving insolvency resolution plans under the Insolvency and Bankruptcy Code, including applications pending before the NCLT for periods ranging from weeks to several years.

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      HIGHLIGHTS

      July 14, 2026

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      New Delhi, Jul 14 (PTI) Following are the top stories at 5 PM NATION DEL9 MEA-INDIA-PALESTINE (11.39 AM)

      India supports UN membership for Palestine: MEA New Delhi: India has backed Palestine's bid for United Nations membership and reaffirmed its support for a two-state solution to the festering conflict between the Palestinian people and Israel.

      DEL8 JK-NIA-SAEED (10.24 AM)

      Jammu: NIA court issues non-bailable warrant against LeT founder Hafiz Saeed Jammu: A special NIA court has issued a non-bailable warrant against Hafiz Saeed, the Pakistan-based chief of the proscribed terror outfit Lashkar-e-Taiba, in connection with a case pertaining to the ongoing probe into the Pahalgam terror attack.

      DEL35 MEA-WASIA-LD VESSELS (4.06 PM)

      1 Indian killed, 10 injured in Iranian attacks on 2 ships in Strait of Hormuz; New Delhi summons Iranian DCM New Delhi: An Indian national was killed and 10 others were injured in Iranian attacks on two oil tankers in the Strait of Hormuz, prompting New Delhi to summon the deputy chief of the Iranian embassy and lodge a strong protest over the strikes.

      DEL39 CONG-PAK-US (4.22 PM)

      Pak influence in West Asia setback to India, question mark on Vishwaguru's style: Congress New Delhi: The Congress on Tuesday said the bonhomie between the US and Pakistan and Islamabad's influence in West Asia is a "severe setback" to India, and poses a question mark on the "self-proclaimed Vishwaguru's" style and substance.

      DEL19 CJP-PROTEST-DAY 25 (1.52 PM)

      CJP protest day 25: Wangchuk in 'immense pain', refuses to end fast without dialogue New Delhi: Activist Sonam Wangchuk has refused to end his indefinite hunger strike despite suffering muscle loss and "immense pain", insisting that the government should initiate dialogue, the Cockroach Janta Party (CJP) said on Tuesday as his fast entered the 17th day and the outfit's agitation completed 25 days.

      CAL23 WB-TASLIMA NASRIN-EVENT (4.22 PM)

      Taslima Nasrin to return to Kolkata after 19 years for anti-fundamentalism event Kolkata: Nearly two decades after she was forced to leave Kolkata amid violent protests over her writings, exiled Bangladeshi author Taslima Nasrin is set to return to the city next month to attend an event, in a politically symbolic moment that the BJP government in West Bengal is projecting as the reversal of what it calls a long-standing capitulation to religious fundamentalism.

      MDS13 TN-HEALTH-PORTAL-CM (2.19)

      CM Vijay launches Nalam TN AI Whatsapp chatbot for OP registration in GH Chennai: In a major thrust towards making healthcare services more accessible, Chief Minister C Joseph Vijay on Tuesday launched Nalam TN - an integrated digital platform - to facilitate quick and remote OP registration and appointments at the government medical facilities across the state.

      LEGAL LGD24 SC-CBSE-LANGUAGE (3.36 PM)

      SC seeks Centre, NCERT's responses on pleas against CBSE's 3-language rule for Class 9 students New Delhi: The Supreme Court on Tuesday sought responses from the Centre, NCERT and the CBSE on two fresh pleas challenging the education board’s policy mandating the study of three languages, including two native Indian languages, for Class 9 students.

      LGD17 SC-LD BHOJSHALA (2.16 PM)

      SC directs separate open space for Muslims adjacent to disputed Bhojshala for Friday prayers New Delhi: The Supreme Court on Tuesday directed that Muslims be provided separate open space adjacent to the disputed Bhojshala site for offering namaz on Fridays between 1 and 3 pm.

      BUSINESS DEL27 BIZ-TAX-COLLECTION (3.19 PM)

      Direct tax mop-up grows 16 pc to over Rs 6.51 lakh cr so far in FY27 New Delhi: Net direct tax collection grew 16.40 per cent to over Rs 6.51 lakh crore till July 13 this fiscal, driven by higher corporate tax mop-up, government data showed on Tuesday.

      DEL38 BIZ-INFLATION-LD WPI (4.13 PM)

      WPI inflation rises to 9.87 pc in June; minerals, food items see price spike New Delhi: Wholesale price inflation rose to 9.87 per cent in June, from 9.68 per cent in May, led by a sharp spike in prices of non-food and food products.

      DEL40 BIZ-SERVICES INDEX (4.48 PM)

      Govt releases maiden services index; 14 sub-sectors record double-digit growth in April New Delhi: The government on Tuesday released the first sub-sectoral trial Index of Services Production, which showed 14 out of the 19 sub-sectors of formal services recorded double-digit growth in April 2026.

      FOREIGN FGN32 UK-GROOMING GANG-DEPORT (3.22 PM)

      UK enacts law change to deport grooming gang leader to Pakistan London: Home Secretary Shabana Mahmood has set a law change in motion in the UK Parliament that will remove the legal hurdle blocking the deportation of a grooming gang ringleader to Pakistan.

      FGN29 CHINA-CPC-LD EXPULSION (1.27 PM)

      China expels senior Communist Party leader in anti-corruption crackdown Beijing: The ruling Communist Party of China (CPC) on Tuesday expelled its former chief of Xinjiang province, Ma Xingrui, from the party and dismissed him from public service for corruption and violating party discipline.

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