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    July 22, 2026
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    Bail parity in liquor-scam proceedings sustained where principal accused had bail; adverse investigative remarks were removed.
    Bail in the alleged liquor-scam proceedings was sustained on the basis of parity, the applicant's comparatively lesser alleged role, prolonged custody, and the documentary nature of the investigation. The evidentiary value of statements, financial records and digital material was regarded as an issue for trial rather than conclusive assessment at the bail stage. Adverse observations against the state economic-offence investigation were expunged.
    July 22, 2026
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    Generic medicine import tariffs are designed to encourage domestic pharmaceutical manufacturing while preserving policy for patented, branded and innovative drugs.
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    July 22, 2026
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    Oil-driven inflation pressures may prompt higher interest rates, despite equity gains led by artificial-intelligence and semiconductor shares.
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    July 22, 2026
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    Foreign exchange market volatility pressures the rupee as oil-linked geopolitical risks boost safe-haven dollar demand and prompt market monitoring.
    Foreign exchange market movement saw the rupee depreciate against the US dollar amid higher crude oil prices, geopolitical tensions affecting oil-shipment security, and safe-haven demand for the dollar. RBI measures intended to attract overseas deposits were reported to support market confidence through foreign-currency inflows. Dealers were monitoring possible RBI participation through state-owned banks to moderate currency volatility while permitting gradual exchange-rate adjustment and preventing disorderly market movements.
    July 22, 2026
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    Rules-based multilateral trade engagement guides India's policy review, highlighting digital reforms, trade facilitation and clarification of market measures.
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    July 22, 2026
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    Financial inclusion expands universal banking, social insurance, pensions and collateral-free credit for underserved households and entrepreneurs.
    Financial inclusion is pursued through universal banking under Pradhan Mantri Jan Dhan Yojana, social-security coverage through life, accident and pension schemes, and credit access for underserved borrowers. Pradhan Mantri Mudra Yojana provides collateral-free institutional finance to micro and small business units for income-generating activities. The Stand-Up India Scheme supports Scheduled Caste, Scheduled Tribe and women entrepreneurs through loans for greenfield projects in manufacturing, trading, services and agriculture-allied activities.
    July 21, 2026
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    Foreign exchange contravention liability requires evidence that the person was responsible for the overseas transfer in question.
    Foreign exchange transfer for the 2009 South Africa cricket tournament was examined under the Foreign Exchange Management Act after funds were moved to an overseas entity without prior Reserve Bank approval. The appellate tribunal set aside the penalty imposed on Lalit Modi, finding no material establishing that he was in charge of the relevant affairs or personally responsible for the alleged contravention. Liability for a foreign-exchange contravention must rest on evidence connecting the person proceeded against with responsibility for the impugned transaction.
    July 21, 2026
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    Rural infrastructure financing under RIDF supports irrigation, roads, water supply, cooperative digitisation, producer organisations and climate-resilient livelihoods.
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    July 21, 2026
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    Supreme Court proceedings address juvenile adult trials, insolvency, electoral representation, environmental funds and foreign-exchange complaint requirements.
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    July 21, 2026
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    Digital lending safeguards require verified app associations, responsible recovery, data privacy, grievance redressal and reporting channels against illegal loan apps.
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    July 21, 2026
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    Authorised Dealer Category-II remittances expand to specified trade and family-maintenance payments under the revised FEMA framework.
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    Foreign investment regulation: Draft rules propose simpler, principle-based compliance and clearer separation of procedural requirements from investment policy.
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    July 21, 2026
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    Free trade agreements and e-commerce export reforms expand preferential market access, address non-tariff barriers, and support small exporters.
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    Production Linked Incentive Schemes strengthen domestic manufacturing through investment support, export growth, employment generation, monitoring and eligibility reforms.
    Production Linked Incentive Schemes for 14 sectors promote domestic manufacturing, investment, exports, employment and global competitiveness. Overall coordination and monitoring rests with the Department for Promotion of Industry and Internal Trade, while sector-specific implementation is undertaken by the relevant ministries and departments. Implementation is periodically reviewed, with scheme modifications, rationalised guidelines, relaxation of specified eligibility conditions, project monitoring, stakeholder consultation and inter-ministerial issue resolution used to improve uptake and strengthen domestic manufacturing ecosystems.
    July 21, 2026
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    Separate corporate insolvency processes remain contested over foreign asset treatment, specialised resolution needs, and creditors' commercial decision-making.
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    July 21, 2026
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    Drone technology collaboration promotes joint manufacturing, technology transfer, rural entrepreneurship and global market access through an integrated industrial ecosystem.
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    July 21, 2026
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    WTO trade policy review will assess India's trade measures, transparency framework, reforms, and responses to member questions.
    India's eighth Trade Policy Review under the World Trade Organization framework examines its trade policies and developments during the 2021-2025 review period. The process uses a Government Report and a Secretariat Report and provides a comprehensive peer examination of border and behind-the-border trade measures to promote transparency, predictability and understanding. The review addresses trade agreements, Goods and Services Tax rationalisation, digital trade-facilitation measures, and Member questions on digitisation, MSMEs, women's economic participation, Viksit Bharat and the Atmanirbhar Bharat Abhiyan.
    July 21, 2026
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    Fisheries subsidy disciplines promote sustainable marine resource use while excluding aquaculture and inland fisheries from their scope.
    The WTO Agreement on Fisheries Subsidies disciplines subsidies concerning marine wild-capture fishing and fishing-related activities at sea. It prohibits subsidies linked to illegal, unreported and unregulated fishing and fishing of overfished stocks, promoting conservation and sustainable use of marine resources. Aquaculture and inland fisheries remain outside its scope. India's fisheries management framework is identified as supporting implementation while preserving policy space and safeguarding the interests of traditional and small-scale fishers.
    July 21, 2026
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    Revised Index of Core Industries adopts a new base year, adds iron ore, and revises sector measurement methodology.
    The revised Index of Core Industries series adopts 2022-23 as its base year, replaces the former series and expands coverage to nine industries by including iron ore. Steel is measured using gross production data, while only raw coal is retained to avoid double counting. Weights are derived from the corresponding Index of Industrial Production series and normalised to 100. A geometric-mean linking methodology connects the former and revised series. June 2026 provisional estimates show overall year-on-year ICI growth, led principally by iron ore and electricity.

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      Customs, DGFT & SEZ

      India-UK CETA and Agreement on Social Security Enter into Force

      July 16, 2026

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      India–UK CETA Provides Zero-Duty Access for Nearly 99% of India’s Exports

      Over 50 Export Consignments Flagged Off From Over 20 Ports, Airports, ICDs, SEZs and Factories Across India Under the Preferential Tariff Regime

      Over USD 140 Million Worth of Export Consignments Flagged Off on Day One

      The Day Marks a Defining Milestone in India–UK relations: Union Minister of Commerce and Industry Shri Piyush Goyal

      India–UK CETA to Drive Trade in Goods and Services Between Two Complementary Economies: Commerce Secretary

      India–UK CETA a Historic Milestone: British High Commissioner

      First Certificates of Origin Under India–UK CETA Issued Through the eCoO 2.0 Platform on a Self-Certification Basis

      The India–United Kingdom Comprehensive Economic and Trade Agreement (CETA), along with the Agreement on Social Security, also known as the Double Contribution Convention (DCC), formally entered into force today, marking a major milestone in the economic partnership between the two countries.

      A formal inauguration event to mark the entry into force of CETA was held at Vanijya Bhawan, New Delhi. The function was attended by Her Excellency Ms. Lindy Cameron, British High Commissioner to India, Commerce Secretary Shri Rajesh Agrawal, Director General of Foreign Trade, representatives of Industry Export Promotion Councils, industry associations and several exporters.

      In a post on X, Union Minister of Commerce and Industry Shri Piyush Goyal said that the entry into force of the India–UK Comprehensive Economic and Trade Agreement (CETA) and the Agreement on Social Security marks a defining milestone in India–UK relations. Under the leadership of Prime Minister Shri Narendra Modi, the Agreements have come into force, providing zero-duty market access for nearly 99 per cent of India’s exports and covering almost 100 per cent of trade value.

      The Minister noted that the Agreement creates unprecedented opportunities for sectors including textiles, leather, gems and jewellery, engineering goods, marine products, chemicals and processed foods, while benefiting MSMEs, farmers and manufacturers. He further observed that the Agreement opens new opportunities for India’s IT, professional, financial, education and business services sectors and expands mobility for Indian talent.

      Shri Goyal underscored that the Agreement on Social Security strengthens the partnership by exempting Indian professionals on temporary assignments in the United Kingdom from double social security contributions for up to five years, thereby enhancing the global competitiveness of India’s workforce. He also expressed appreciation to his UK counterpart and both negotiating teams for their commitment in bringing the transformational agreement to fruition and reaffirmed the shared commitment of both countries to building a resilient, innovation-driven partnership that promotes growth, investment and shared prosperity.

      Addressing the gathering, Commerce Secretary Shri Rajesh Agrawal described the entry into force of CETA as a pivotal milestone in the deepening India–UK relationship and one of the most significant achievements in the journey of the Department of Commerce. He stated that the Agreement is fully aligned with the vision of Prime Minister Shri Narendra Modi for strengthening the India–UK partnership and acknowledged the leadership of Union Commerce and Industry Minister Shri Piyush Goyal in steering the negotiations to a successful conclusion.

      The Commerce Secretary highlighted the scale and complexity of the negotiations, noting that more than 800 technical sessions were conducted across 14 formal rounds of negotiations before the Agreement was finalised. He commended the negotiating teams on both sides for their sustained efforts over several years in achieving the outcome.

      Shri Agrawal observed that the Agreement is between two major and complementary economies and goes beyond India’s previous free trade agreement precedents in terms of both width and depth of coverage. He stated that while the Agreement creates substantial market access opportunities in goods trade, it also provides significant gains in services trade. Given that services account for more than 50 per cent of India’s GDP and over 70 per cent of the United Kingdom’s GDP, he noted that the commitments and predictability offered through the Agreement would provide a strong impetus to bilateral services trade in the years ahead.

      Emphasising the importance of implementation, Shri Agrawal stated that the real success of the Agreement would be measured by its impact on the lives of people in both countries through the creation of jobs, livelihoods and economic opportunities. He called upon industry stakeholders to convert the opportunities created by the Agreement into tangible outcomes and assured that the Department of Commerce would work closely with Export Promotion Councils and industry clusters across the country to communicate the benefits of the Agreement at the sectoral, product and cluster levels.

      The Commerce Secretary informed that the decision to operationalise the Agreement on 15 July 2026 was taken by the leaders of both countries during their meeting on the sidelines of the G7 Summit in France thirty days earlier. He stated that all pending issues had been resolved within the stipulated timeline and that all requisite notifications had been issued by both sides. Necessary trade facilitation measures, including arrangements relating to Rules of Origin certification and customs preparedness, had also been put in place to ensure that stakeholders could begin availing the benefits of the Agreement from the very first day.

      He noted that more than USD 140 million worth of goods were being exported to the United Kingdom on the first day of implementation under the India–UK CETA. He expressed confidence that sustained utilisation of the Agreement would strengthen India–UK trade and encourage the pursuit of other trade initiatives currently under consideration.

      To commemorate the entry into force of the Agreement, events were held across the country to flag off the first export consignments under the India–UK CETA preferential tariff regime. During the day, over 50 export consignments valued at more than USD 140 million were flagged off from more than 20 ports, airports, Inland Container Depots (ICDs), Special Economic Zones (SEZs) and factories across India. The consignments covered a wide range of products including electronics, pharmaceuticals and gems and jewellery, and were dispatched from locations including the seaports of Mundra, Nhava Sheva and Chennai, as well as air cargo complexes at Mumbai (Sahar), Kolkata and Hyderabad.

      Speaking on the occasion, Her Excellency Ms. Lindy Cameron, British High Commissioner to India, described the entry into force of the Agreement as a historic milestone and a testament to the elevated UK–India bilateral relationship.

      Highlighting the strength of bilateral ties, she noted that India was the United Kingdom’s eleventh-largest trading partner in 2025, with bilateral trade approaching £48 billion annually. She also observed that the investment relationship between the two countries supports more than 700,000 jobs.

      Ms. Cameron stated that the Agreement provides a framework that will enable businesses in both countries to trade more, invest more, innovate more and grow together. She described it as a decisive step towards a broader, more ambitious and future-focused partnership.

      Referring to its long-term economic impact, she noted that the Agreement is expected to increase bilateral trade by over £25 billion annually over the long term and contribute nearly £5 billion annually to both UK GDP and Indian GDP. She stated that the Agreement would make trade simpler, quicker and more cost-effective for businesses in both countries.

      She further observed that the Agreement would provide Indian businesses duty-free access on around 99 per cent of tariff lines covering nearly all Indian exports to the UK, while UK businesses would benefit from tariff reductions or eliminations on 90 per cent of tariff lines covering 92 per cent of current UK exports to India.

      The High Commissioner highlighted that the Agreement extends beyond goods trade and strengthens cooperation in customs, digital trade, financial services, telecommunications, intellectual property, professional services, transparency and regulation. She noted that the Agreement would create significant opportunities across sectors including advanced manufacturing, food and drink, life sciences, energy, consumer goods, textiles, apparel, engineering goods, marine products and chemicals.

      She also emphasised the benefits for small and medium enterprises and consumers, stating that the Agreement would help SMEs expand their reach while offering consumers greater choice, stronger competition and better value.

      Noting that the Agreement had now moved from negotiation and signature to implementation, Ms. Cameron observed that goods were already moving between the two countries under the new framework and stressed that successful implementation would be critical in ensuring that businesses, workers and consumers realise its full benefits.

      As part of the entry into force of CETA, the first Certificates of Origin under the Agreement were distributed to exporters. The certificates were issued through the eCoO 2.0 platform on a self-certification basis. The digital, self-certified issuance of Certificates of Origin on Day One marks a significant step towards reducing compliance burdens and transaction costs, particularly for MSMEs.

      Representatives of industry associations, Export Promotion Councils and exporters welcomed the entry into force of the Agreement and noted that duty-free access, coupled with simplified certification procedures and business-friendly Rules of Origin, would significantly enhance the competitiveness of Indian products in the UK market.

      Industry representatives expressed confidence that the Agreement would contribute meaningfully to the vision of Viksit Bharat by providing Indian goods with enhanced access to one of the world’s most advanced markets. They noted that the Agreement would place Indian exporters on a level playing field vis-à-vis competitors from other countries and elevate the economic partnership between India and the United Kingdom.

      Industry leaders further highlighted that by boosting labour-intensive sectors, the Agreement would create new opportunities for women entrepreneurs, MSMEs, youth and students, thereby generating quality employment and supporting inclusive growth.

      In Mumbai, the Government of Maharashtra organised a ceremonial inauguration of the India–UK CETA in the presence of Chief Minister of Maharashtra Shri Devendra Fadnavis. To mark the commencement of preferential trade under the Agreement, the Chief Minister of Maharashtra and the Deputy High Commissioner of the United Kingdom ceremonially exchanged cargo placed on trolleys containing curated boxes of products representing bilateral trade between India and the United Kingdom.

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