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July 5, 2026
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Emergency natural gas supply curbs withdrawn as LNG shipments through the Strait of Hormuz resume after ceasefire.
Withdrawal of emergency natural gas supply restrictions followed the normalisation of LNG shipments through the Strait of Hormuz after a ceasefire and the resumption of maritime traffic. The Ministry of Petroleum and Natural Gas amended the Natural Gas (Supply Regulation) Order, 2026 by omitting key operational provisions of the March emergency framework, which had been issued under the Essential Commodities Act in response to disruption of West Asia LNG supplies and supplier force majeure declarations. The omitted provisions had authorised government direction and diversion of domestic gas, imported LNG and regasified LNG to priority consumers and had overridden existing gas sale agreements and related commercial contracts.
July 5, 2026
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Murder investigation centres on a Snapchat message allegedly showing prior knowledge that the planned wedding would not happen.
Police investigating the alleged murder of Ketan Agarwal said they found a Snapchat message purportedly sent by Siya Goyal in May stating that her marriage to Agarwal would not take place, while also asking for an Aadhaar card copy for wedding ticket bookings. Investigators said the message is being verified, and the friend who received it may be questioned to determine whether she had any prior knowledge of a conspiracy to eliminate Agarwal.
July 4, 2026
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Murder investigation centers on a Snapchat message suggesting the planned marriage was not to happen and may show prior conspiracy.
Police investigation in the alleged murder of a Pune realtor has reportedly brought to light a Snapchat message said to have been sent by the accused, indicating that her scheduled marriage would not take place while also referring to travel arrangements for the wedding. The message is being examined for authenticity, and investigators are questioning a friend to determine whether she had any prior knowledge of a possible conspiracy to eliminate the victim.
July 4, 2026
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Free trade negotiations face market access hurdles as India advances talks with Canada, Israel and the EU framework.
Negotiations for the proposed India-Peru free trade agreement remain stalled because of concerns over market access in sensitive products, especially duty concessions on gold. Talks with Canada are progressing under the Comprehensive Economic Partnership Agreement framework, with officials aiming to conclude the pact within the next six months or so. Negotiations with Israel are continuing more slowly because of the West Asia crisis, while the India-EU Trade and Technology Council is being used as a complementary mechanism to support implementation of the concluded trade pact.
July 4, 2026
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GST collection growth in Assam reflects stronger compliance, leakages control and digital tax administration.
Assam reported a 15 per cent increase in GST collection in June, with receipts rising to Rs 1,437 crore from Rs 1,255 crore. The growth was attributed to improved compliance, leakages control, stronger digital tax administration and a wider tax base. GST collections for the April to June quarter were also higher, at Rs 4,467 crore against Rs 3,026 crore in the corresponding period of the previous year.
July 4, 2026
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Energy security through diversified sourcing, expanded refining capacity and LPG supply measures helped shield consumers from crisis impacts.
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July 4, 2026
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Future-ready higher education expands as new programmes focus on AI integration, industry relevance and multidisciplinary skills.
Chandigarh University Uttar Pradesh has introduced 17 new academic programmes from the 2026 academic session across engineering, management, computer applications, liberal arts, sciences, hospitality, aviation and law. The programmes include undergraduate and postgraduate courses in aerospace engineering, robotics and automation, AI and machine learning, data science, psychology, microbiology, biotechnology and an LL.M. with specialisations in constitutional law, business law, criminal law and human rights. The expansion is intended to align higher education with industry needs, AI integration, practical exposure and future-ready skills.
July 4, 2026
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Retail expansion and customs duty pressure shape jewellery retailer's strong quarterly update and margin outlook.
Jewellery retailer reported retail expansion through new showroom openings, with further store additions planned and a stronger shift toward the franchise model. The update also recorded substantial year-on-year growth in standalone revenue, retail revenue and same-store sales, supported by festive demand across company-owned, franchise and branded showroom formats. The company said performance continued despite elevated gold prices and a customs duty increase, but cautioned that discounting and duty pressure would affect margins.
July 4, 2026
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Pharmaceutical exports and Chinese investment seen as key to strengthening India-China trade ties and broader economic relations.
Greater market access for Indian pharmaceuticals in China and expanded Chinese investment in India were identified as measures that could strengthen the broader bilateral relationship. India's envoy said India seeks higher exports to China in sectors where it has a competitive advantage, particularly pharmaceuticals, and urged that Chinese partners open their market to high-quality generic medicines exported by India to other countries. He also said trade and commerce remain central to India-China ties, and that a more balanced commercial relationship would benefit both sides.
July 4, 2026
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Stake transfer approval dispute over Vizhinjam port raises disclosure, concession compliance, and public interest concerns.
SEBI and stock exchange intervention was sought over a proposed 49 per cent stake transfer in the Vizhinjam port project, on the allegation that it breached the concession agreement. The objection was that prior state approval was required for any transfer of ownership or of more than 25 per cent shareholding, and that the transaction proceeded without such approval. The matter was also linked to disclosure obligations under the SEBI listing regulations and concerns about public interest, national security, and possible monopolistic effects.
July 4, 2026
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Export promotion strategy stresses Centre-State coordination, MSME support, quality infrastructure and district-level export hubs.
Export promotion strategy centres on coordinated Centre-State action, wider use of the BHAVYA Industrial Parks Scheme, State export committees, regular consultations and monthly reviews of district export performance. The approach links exports with land and labour reforms, improved regulatory coordination and alignment of State incentives with Central programmes to strengthen export competitiveness and MSME participation. Support for exporters includes the Export Promotion Mission, quality infrastructure, trade remedies, import substitution, overseas exhibitions and cross-border e-commerce.
July 4, 2026
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July 3, 2026
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July 3, 2026
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July 3, 2026
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July 3, 2026
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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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