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June 29, 2026
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Criminal conspiracy allegations arise from an attack on ED officers during a search operation and related bail opposition.
The Enforcement Directorate alleged that the attack on its officers and damage to vehicles after a search at a former Chief Minister's residence formed part of a criminal conspiracy linked to the top leadership of the CPI(M). It said the unlawful protest and violent assault occurred in the presence of senior party leaders, whose provocative language allegedly instigated supporters to escalate the demonstration into physical violence. The agency treated the episode as interference with the rule of law and filed its objection in opposition to a bail plea in the case arising from the incident.
June 29, 2026
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Export controls on dual-use goods tighten as China targets Japanese entities over alleged remilitarisation.
China imposed new export controls on 40 Japanese entities, placing 20 on a control list that prohibits exports of China-made dual-use items and 20 more on a watch list subject to licensing, risk assessment and written assurances. The controls target entities said to be contributing to Japan's remilitarisation and apply to goods that may be used for both civilian and military purposes.
June 29, 2026
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AI governance certification under ISO/IEC 42001:2023 establishes audited controls for lifecycle risk, accountability, and deployment practices.
Certification under ISO/IEC 42001:2023 requires an independent external audit and establishes auditable requirements for AI governance across the full lifecycle, including risk management, accountability structures, data practices, deployment controls, and incident response. The standard cannot be self-attested and is described as addressing enterprise, procurement, and vendor-risk expectations for AI systems used in regulated environments. The certified scope covers the organisation's AI practice for production-grade systems, extending its independently audited governance framework to AI operations.
June 29, 2026
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Free Trade Agreement drives deeper UK-India cooperation across investment, innovation, services and future industries.
The UK-India Free Trade Agreement was presented as a major milestone in India's trade strategy and as the most comprehensive agreement India has entered into so far, with implementation expected to begin in July. The Agreement was described as a platform for deeper bilateral cooperation across goods, services, investment, innovation and future industries, and as part of a broader reset in UK-India relations aimed at reducing barriers and strengthening long-term economic engagement. The Forum emphasised the Agreement as the basis for a new phase of investment, innovation and strategic partnership.
June 29, 2026
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Money laundering probe over alleged CMRL-Exalogic transactions and suspected proceeds of crime under prevention law.
Enforcement Directorate questioned the Joint Managing Director of CMRL in a money laundering probe concerning alleged financial transactions between CMRL and Exalogic Solutions Pvt Ltd, with allegations of payment without services and loans extended despite delayed repayment. The case proceeds under the Prevention of Money Laundering Act on the basis of a prosecution complaint filed by the Serious Fraud Investigation Office, following findings of the Income Tax Department and prior scrutiny of CMRL after a raid reportedly detected suspected irregularities.
June 29, 2026
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Rupee appreciation supported by easing crude prices, stronger foreign inflows, and rising forex reserves despite firm dollar pressure.
The rupee appreciated in early trade on support from easing crude oil prices and improving foreign inflows, even as a firm US dollar and subdued risk appetite weighed on sentiment. India's foreign exchange reserves increased in the latest reported week, indicating a rebuilding of the Reserve Bank's buffer after earlier dollar sales. The broader market backdrop included a steady dollar index, higher Brent crude, domestic equity weakness, and net foreign institutional investment into equities.
June 27, 2026
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Electronics manufacturing expansion drives Amber Group's localisation and import substitution strategy through large Uttar Pradesh investments.
Amber Group is expanding its manufacturing footprint in Uttar Pradesh through large-scale investments in electronics, consumer durables and allied component production. The proposed projects at YEIDA include a high-density interconnect printed circuit board and semiconductor substrate manufacturing unit through a 70:30 joint venture, together with an expanded air-conditioner and components complex, with funding to be executed in phases through internal accruals, debt, equity and foreign direct investment from Korea. The expansion is positioned as a backward-integration and localisation strategy, supported under the Centre's Electronics Component Manufacturing Scheme and incentives from the Uttar Pradesh government.
June 27, 2026
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Horticulture export expansion opens overseas market access for Himachal Pradesh stone fruits through air cargo shipment to Oman.
First export consignment of cherries and plums was flagged off from Chandigarh to Oman by air cargo, marking an initial international market entry for Himachal Pradesh's stone fruits. The initiative was undertaken through collaboration between the Himachal Pradesh Horticultural Produce Marketing and Processing Corporation and the Agricultural and Processed Food Products Export Development Authority to support grading, packing, quality testing and related export arrangements for farmers.
June 27, 2026
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Money laundering and disproportionate assets: attached hotels and flats linked to alleged proceeds routed through companies.
Provisional attachment of four hotels in Guwahati and two residential flats in Mumbai, valued at about Rs 53.28 crore, was made under the Prevention of Money Laundering Act in a money laundering case linked to alleged disproportionate assets against a retired IPS officer from Assam. The Enforcement Directorate stated that the officer and his wife were found to have assets worth about Rs 79 crore against disclosed income and expenditure of Rs 7.23 crore and Rs 9.04 crore respectively, and that the proceeds were routed through three companies, including Ishan Commercial.
June 27, 2026
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Manufacturing expansion and electronics growth drive Amber Group's near-term revenue target and major Uttar Pradesh investments.
Amber Group expects to reach the USD 2 billion revenue level in the near term, supported by growth in consumer durables, electronics, railway and defence businesses. It is investing about Rs 6,785 crore in manufacturing projects at YEIDA, including a joint venture unit for HDI printed circuit boards, flexible printed circuit boards and semiconductor substrates, and an expanded air-conditioner and components complex. The projects aim at backward integration, localisation, domestic supply and eventual exports.
June 27, 2026
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UK-India FTA leadership recognised as awards celebrate trade, finance, education and social impact across the bilateral partnership.
The UK-India Awards 2026 recognised individuals and institutions for contributions to the UK-India corridor and the broader bilateral partnership, including trade, finance, consulting, lifesciences, education, social impact and sports. The UK-India FTA negotiating teams and Piyush Goyal received the Exceptional Leadership in Elevating UK-India Ties award for advancing the historic UK-India Free Trade Agreement, while other honourees were recognised for sustained contributions to specific areas of the relationship.
June 27, 2026
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Digital governance and land allotment enforcement drive Uttar Pradesh's push for online services, investment promotion, and project monitoring.
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June 27, 2026
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Energy-efficient Atomberg ceiling fans combine BLDC technology with EMI purchase options and smart-home convenience features.
Energy-efficient Atomberg ceiling fans are presented with BLDC motor technology and features such as remote control, timer functions, boost mode, app connectivity, voice control and integrated lighting. Purchase is promoted through Bajaj Finance partner stores and an Easy EMI Loan structure, subject to pre-approved eligibility, store availability and selected repayment tenure. The release also states that Bajaj Finance Limited is an RBI-registered deposit-taking NBFC engaged in lending and acceptance of deposits.
June 27, 2026
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Geographical Indication exports gain momentum as Rewa Sundarja Mangoes enter overseas markets through coordinated export facilitation.
APEDA facilitated the first commercial export of GI-tagged Rewa Sundarja Mangoes from Madhya Pradesh to the United Arab Emirates through coordinated work with horticulture authorities, exporters, Farmer Producer Organisations, pack house operators and farmers. The consignment was sourced, graded, sorted, packaged and cleared under export-quality and phytosanitary requirements before shipment, and the initiative is described as strengthening the export potential of GI agricultural products and improving income realisation for growers in the Rewa region.
June 27, 2026
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India-UK CETA expands market access, eases professional mobility, and grants eligible professionals social security exemption.
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Tariff threat over digital services taxes escalates pressure on countries taxing American technology companies abroad.
A threatened tariff response targets countries that impose digital services taxes on United States companies, with the stated aim of deterring foreign taxation of American technology businesses. The measure is described as applying broadly to imports from countries adopting such taxes and as overriding previously negotiated trade arrangements. The text also notes that digital services taxes remain a trade sticking point and that the issue has been examined through United States trade investigations.
June 26, 2026
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Forgery and cheating in farmland sale exposed after identity mismatch and failed fingerprint verification during registration.
Forgery and cheating were alleged in a farmland sale where a person purportedly posed as the recorded owner using a forged Aadhaar card and false identity particulars. Fingerprint verification did not match UIDAI records during registration, but the process was completed with a thumb impression in ink and cheques were handed over. The buyer later discovered the mismatch, contacted the genuine owner, and learnt that the transaction was fraudulent.
June 26, 2026
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Identity document misuse linked to income tax summons raises allegations of fake business transactions and fraud.
Income tax summons issued under Section 131(1A) concerned alleged income and business transactions linked to a Delhi-based firm said to have misused the student's Aadhaar and PAN cards. The student denied any knowledge of the firm or related transactions, stated that neither she nor her family had set up such a business, and said she had responded to the department while also filing a grievance and seeking a police investigation into the alleged fraud.
June 26, 2026
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Tax enforcement and departmental discipline dominate as Karnataka directs stronger anti-evasion checks, coordination, and action against fake invoicing.
Karnataka's Chief Minister directed excise officials to maintain departmental dignity, act cautiously, and avoid conduct that could tarnish the government's image, while warning that transfers to other departments and legal changes may be considered if necessary. He also referred to the AIB system, e-auction of new licences, and instalment-based renewal payments. In the Commercial Taxes department, he stressed strict prevention of tax evasion, border-document checks, coordination with neighbouring states, and action against fake invoices, bogus companies, and false Input Tax Credit claims.
June 26, 2026
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Rainbow trout export drive boosts Uttarakhand's fisheries sector with cold-chain support, gap funding and new overseas market plans.
Uttarakhand's fisheries sector has entered the international seafood market through its first commercial export of rainbow trout to Nepal, supported by state assistance to cooperative societies in Pithoragarh district. The consignment was moved through a cold-chain processing route, and the fisheries department provided gap funding for harvesting, packaging, and transport to facilitate the export. The state is now examining additional export markets in Europe, West Asia and South-East Asia.

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Customs, DGFT & SEZ

PLI Schemes Attract Over ₹2.40 Lakh Crore Investment, Generate More Than 14.15 Lakh Jobs

July 21, 2026

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PLI Schemes Drive Over ₹15.2 Lakh Crore Exports, Strengthen Manufacturing Across Key Sectors

The Government has launched Production Linked Incentive (PLI) Schemes for 14 key sectors with an approved financial outlay of ₹1.91 lakh crore to enhance India's manufacturing capabilities, attract investments, increase exports, generate employment and improve India's global competitiveness. The Department for Promotion of Industry and Internal Trade (DPIIT) acts as the nodal Department for overall coordination and monitoring of the PLI Schemes, while the respective Administrative Ministries/Departments are responsible for implementation of their respective Schemes.

As on 31.03.2026, under the PLI Schemes, resulted actual investment of over ₹2.40 lakh crore and employment generation of over 14.15 lakh (direct and indirect). The sector-wise details of investments and employment generated are at Annexure-I.

The sectoral impact of the Production Linked Incentive (PLI) Schemes across various sectors is as under:

  • The PLI Schemes have collectively enabled exports of over ₹15.2 lakh crore since their inception, reflecting India's growing integration with global value chains.
  • In the Large Scale Electronics Manufacturing sector, mobile phone production has increased by around 2.4 times since the launch of the Scheme. Mobile phone imports have declined by about 77%, and around 99.2% of mobile phones used in India are now manufactured domestically.
  • The Pharmaceuticals sector has recorded cumulative sales of over ₹3.64 lakh crore under the Scheme. It has also enabled the domestic manufacture of 1,931 pharmaceutical products, including 191 bulk drugs manufactured in India for the first time, thereby strengthening domestic manufacturing capabilities.
  • In the Bulk Drugs sector, manufacturing capacity of about 55,000 MT has been established across 26 critical Active Pharmaceutical Ingredients (APIs), significantly enhancing domestic production capacity and reducing import dependence for products such as Paracetamol, Levofloxacin and Norfloxacin.
  • The PLI Scheme for Manufacturing of Medical Devices has facilitated domestic manufacturing of advanced medical equipment such as CT Scanners, MRI Systems, Cath Labs and Ultrasonography equipment. 22 applicants have commenced operations and 55 unique medical devices have been commissioned.
  • In the Telecom & Networking Products sector, the Scheme has supported the development of indigenous 4G technology and domestic manufacturing capability for 5G telecom equipment, strengthening India's telecom manufacturing ecosystem.
  • The PLI Scheme for White Goods has contributed to a significant expansion in domestic manufacturing. Compressor manufacturing capacity has increased from 1 million units in 2021 to 10 million units in 2025-26, while localisation of key components such as PCBAs and Cross Flow Fans has improved substantially, leading to domestic manufacturing of several critical air-conditioner components.

The cumulative exports reported under the Sectors of PLI Schemes have shown a steady increase over the last three years. The cumulative exports reported as on 31.03.2024 were ₹4 lakh crore, which increased to ₹15.2 lakh crore as on 31.03.2026. The year-wise details are given at Annexure-II.

The implementation of the PLI Schemes is reviewed periodically by the Empowered Group of Secretaries (EGoS), chaired by the Cabinet Secretary, as well as by the respective Administrative Ministries/Departments. Based on stakeholder feedback and implementation experience, modifications have been carried out in certain Schemes, wherever required, to address implementation challenges and facilitate effective implementation.

The Government has undertaken several measures to improve the effectiveness of the PLI Schemes. These include periodic review of Scheme implementation, rationalisation of Scheme guidelines, relaxation of certain eligibility conditions, strengthening of project monitoring mechanisms, regular

stakeholder consultations, and timely resolution of implementation issues in coordination with the concerned Ministries/Departments through the Empowered Group of Secretaries (EGoS). These measures are aimed at improving Scheme uptake, accelerating investments, enhancing production and exports, generating employment and strengthening domestic manufacturing ecosystems.

This information was given by Minister of State for Ministry of Commerce and Industry, Shri Jitin Prasada in a written reply in Lok Sabha today.

***

ANNEXURE-I

Sl.

No.

Sectors

Cumulative Investment till March, 2026

(Rs. In crore)

Cumulative Employment till March, 2026

1

Large Scale Electronics Manufacturing -

[MeitY]

20,580

1,69,249

2

IT Hardware 2.0 - [MeitY]

908

4,859

3

Bulk Drugs - [D/o Pharma]

5,070

5,226

4

Manufacturing of Medical Devices - [D/o Pharma]

1,151

5,268

5

Pharmaceuticals Drugs -

[D/o Pharma]

45,158

1,14,880

6

Telecom & Networking Products - [D/o Telecom]

5,278

33,610

7

Food Products - [MoFPI]

9,207

3,29,200

8

Drones and Drone Components - [M/o Civil Aviation]*

595

2,650

9

White Goods – [DPIIT]

6,409

52,703

10

Automobiles          &       Auto Components – [MHI]

44,326

67,820

11

Advance Chemistry Cell (ACC) Battery– [MHI]

4,570

1,245

12

Textile Products – [M/o Textiles]

8,117

33,427

13

Specialty Steel – [M/o Steel]

23,896

14,138

14

High Efficiency Solar PV Modules (MNRE)

64,873

14,794

 

TOTAL

2,40,138

8,49,069

* Note: Indirect employment generation of 5.66 lakhs have been reported under 3 sectors (LSEM, IT Hardwar & Solar PV Modules).

ANNEXURE-II

Financial Year

Cumulative Exports Reported under PLI Schemes

FY 2023-24

₹4.0 lakh crore

FY 2024-25

₹6.5 lakh crore

FY 2025-26

₹15.2 lakh crore

 

Topics

Acts Income Tax