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    TCS opens AI-focused Gemini experience centre in Kolkata
    I-T dept raises Cost Inflation Index to 384 for FY27
    Union Minister of Commerce & Industry, Shri Piyush Goyal Meets European Industry Leaders in Brussels to Deepen India–EU Industrial and Technology Co...
    India-UK CETA and Agreement on Social Security Enter into Force
    PERIODIC LABOUR FORCE SURVEY (PLFS) MONTHLY BULLETIN - June, 2026
    CCI approves acquisition by Opal Bidco Pte. Ltd. of 100% shareholding in STT GDC Pte. Ltd.
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    Goods worth USD 140 mn exported on first day of India-UK trade pact coming into effect
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July 16, 2026
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Agentic AI innovation centre enables consumer businesses to co-create, test and scale enterprise AI solutions across operational functions.
TCS launched a Gemini Experience Centre in Kolkata with Google Cloud to enable consumer businesses to co-create, test and scale AI-led solutions. The centre showcases agentic AI applications for store operations, supply-chain management, omni-channel retail and customer service, serving retail, consumer packaged goods, travel, tourism and hospitality enterprises. The initiative uses Gemini Enterprise-based industry- and context-aware AI agents and seeks to accelerate agentic AI adoption and support movement from AI pilots to enterprise-scale deployment.
July 16, 2026
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Cost Inflation Index enables inflation-adjusted long-term capital gains calculations through indexed acquisition cost for eligible capital asset transfers.
The Cost Inflation Index for financial year 2026-27 is 384 for computing inflation-adjusted long-term capital gains on transfers of capital assets, including immovable property, securities and jewellery. It is used to determine indexed cost of acquisition by adjusting purchase cost for inflation. Long-term classification generally requires holding exceeding 36 months, with stated periods of 24 months for immovable property and unlisted shares and 12 months for listed securities.
July 16, 2026
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India-EU industrial and technology cooperation advances through trade facilitation, resilient supply chains, digital innovation and expanded market access.
India-EU industrial and technology cooperation was advanced through engagements addressing industrial collaboration, technology partnerships, bilateral trade opportunities and business-to-business cooperation. Discussions covered trade facilitation, investment flows, supply-chain resilience, digital innovation, competitiveness and regulatory challenges. The interactions emphasised industry-led growth, greater market access for Indian enterprises and innovation-driven partnerships under the Trade and Technology Council framework.
July 16, 2026
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Preferential India-UK trade framework introduces broad zero-duty export access, self-certified origin documentation, and social-security contribution relief for temporary professionals.
India-United Kingdom CETA entered into force with preferential tariff treatment, including zero-duty access in the United Kingdom for nearly 99 per cent of India's exports. The Agreement covers goods, services and cooperation in customs, digital trade, financial services, telecommunications, intellectual property and professional services. The associated Agreement on Social Security exempts Indian professionals on temporary United Kingdom assignments from double social-security contributions for up to five years. Rules of Origin certification was operationalised through self-certified Certificates of Origin issued on the eCoO 2.0 platform.
July 16, 2026
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Labour market indicators showed stable overall participation, employment and unemployment, with marginal urban improvement and softer rural unemployment.
Monthly labour-market estimates for persons aged 15 years and above, compiled under the Current Weekly Status approach, show stable overall labour-force participation, worker population ratio and unemployment rate in June 2026. Urban labour-force participation and worker population ratio improved marginally, while rural participation and employment remained stable. Female labour-force participation was broadly stable month-on-month. Rural unemployment eased slightly, urban unemployment rose marginally from the preceding month, and urban unemployment declined on a year-on-year basis.
July 16, 2026
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Competition clearance governs full acquisition of a data-centre provider alongside co-investor economic interests in the transaction.
Competition approval concerns Opal Bidco Pte. Ltd.'s acquisition of the entire shareholding in STT GDC Pte. Ltd., a data-centre provider. The transaction also provides for specified co-investors to acquire economic interests in STT GDC on a see-through basis. STT GDC operates in India through an indirect subsidiary and is among multiple data-centre participants active in India.
July 16, 2026
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Windfall tax on petroleum exports revises diesel and aviation fuel levies while reducing the petrol export levy.
Special Additional Excise Duty on petroleum-product exports was revised from 16 July 2026, increasing the levy on diesel and aviation turbine fuel exports while reducing it on petrol exports. Duty rates on petrol and diesel cleared for domestic consumption remained unchanged. The windfall tax framework seeks to support domestic fuel availability and discourage exporters from benefiting from differences between domestic and global fuel prices during elevated crude-oil prices.
July 15, 2026
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Duty-free market access under the India-UK trade pact expands exports while preserving safeguards for procurement and policy space.
The India-UK Comprehensive Economic and Trade Agreement provides duty-free access for nearly 99 per cent of Indian exports and includes reciprocal government-procurement access subject to safeguards. India retains MSME preferences, limits covered procurement to selected central entities, excludes strategic sectors, and applies minimum contract thresholds. The agreement preserves compulsory licensing and permits withdrawal of certain concessions if a future UK carbon tax adversely affects Indian exports. Its gender, SME, environment, and labour chapters contain no dispute-settlement provisions.
July 15, 2026
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India-UK trade agreement expands duty-free market access and tariff reductions for exports, services, manufacturing and small enterprises.
India-UK Comprehensive Economic and Trade Agreement (CETA) is stated to provide duty-free access in the UK market for 99 per cent of Indian products and to reduce or eliminate UK import tariffs across key product categories. It is expected to support Karnataka exports in manufacturing, agricultural produce, processed food, electronics, aerospace and medical devices, with certain tariff reductions phased out over time. Mode 1 services provisions are identified as beneficial to Bengaluru's IT industry, while awareness programmes and investment roadshows are proposed to help exporters and attract investment.
July 15, 2026
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Foreign investment screening cooperation advances investment flows alongside trade, technology, supply-chain resilience and prospective investment-protection commitments.
India and the European Union concluded a work programme on foreign direct investment screening, exchanging best practices to facilitate investment flows. Trade and Technology Council cooperation addresses market access, standards harmonisation, supply-chain requirements, deep-tech innovation and critical dependencies. The parties also discussed free trade agreement ratification, World Trade Organization reform, and prospective investment-protection and geographical-indications agreements. The Council provides an institutional mechanism for cooperation on trade, trusted technology and economic security.
July 15, 2026
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Balance of payments reporting shows a current account surplus despite a wider trade deficit and portfolio investment outflows.
Balance of payments data for April-May 2026 records a current account surplus, supported by increased net services receipts, higher inward remittances and a marginal reduction in net income outgo. The merchandise trade deficit widened as imports rose more than exports. The overall balance of payments moved into deficit, while net foreign direct investment increased and net foreign portfolio investment recorded a larger net outflow.
July 15, 2026
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Online betting money laundering investigation examines alleged proxy accounts, simulated salary payments, cross-border routing, and custodial investigation of the money trail.
Money-laundering allegations concerning an online betting syndicate involve purported routing of betting proceeds through fictitious or proxy bank accounts, simulated salary payments, share-capital investments, and foreign institutional channels. An Ebix Group chairman was arrested in connection with the alleged money trail and remanded for investigation. The investigating agency states that prosecution complaints have been filed and that separate state economic-offence and central investigations address connected cases. Political-link allegations were denied, and the stated laundering assertions remain under investigation.
July 15, 2026
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Money laundering asset attachment addresses alleged fund diversion through false invoices, inflated construction costs, shell entities and accommodation entries.
Provisional attachment under the Prevention of Money Laundering Act was undertaken in an alleged financial-fraud investigation involving a hospital company. The allegations concern diversion of company funds through purportedly false medical-implant invoices and inflated hospital-construction costs routed through a related company. Accommodation-entry operators and shell entities were allegedly used to conceal the origin of illicit funds. The proceeding arose from a Serious Fraud Investigation Office chargesheet against the hospital promoters.
July 15, 2026
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Money-laundering investigation into online betting proceeds leads to custodial remand amid allegations of layered fund routing.
A special PMLA court remanded Ebix Group chairman Vikas Garg to Enforcement Directorate custody in an investigation into alleged money laundering linked to online betting operations. The agency alleged that betting proceeds were routed through accommodation entries, shell entities and layered transactions into entities owned or controlled by Garg, and were used to acquire shares, securities and other assets. It also alleged dissipation or encumbrance of Ebix shares and an attempt to mortgage or sell property treated as proceeds of crime.
July 15, 2026
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India-UK CETA tariff elimination strengthens export prospects for labour-intensive leather, jute, jewellery and agricultural products in British markets.
India-UK CETA tariff concessions are expected to improve West Bengal's export competitiveness in the United Kingdom. Duty-free access applies to tea, mangoes and betel leaves, while import duties on jewellery have been removed. Labour-intensive leather, jute, and gems and jewellery sectors are identified as principal beneficiaries, with tariff removal also improving seafood export prospects. Further competitiveness measures are proposed to help exporters use the agreement's trade opportunities.
July 15, 2026
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Zero-duty market access under CETA enables Indian jewellery exporters to enter overseas markets without import tariffs.
Zero-duty access under the India-UK Comprehensive Economic and Trade Agreement enables eligible Indian gem and jewellery exports to enter the United Kingdom market without UK import tariffs. The agreement is expected to improve market access and support value-added manufacturing, employment, skill development, and the participation of artisans, micro, small and medium enterprises, and exporters in West Bengal's gem and jewellery sector.
July 15, 2026
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UK-India trade agreement introduces wider market access, tariff reductions and social security arrangements to support bilateral commerce.
The UK-India Comprehensive Economic and Trade Agreement has entered into force, providing expanded market access, tariff reduction and trade facilitation. India receives zero-duty access for nearly all exports to the UK, while UK products entering India receive duty-free or reduced-tariff treatment. The framework covers goods including textiles, leather, engineering products, food, cosmetics, alcoholic beverages and premium cars. A bilateral social security agreement has also been operationalised to support wider commercial engagement.
July 15, 2026
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Data governance expectations propose stronger lifecycle controls, quality standards, accountability and third-party data-sharing safeguards for regulated financial entities.
Draft regulatory guidance on data governance proposes expectations for regulated financial entities to maintain data that is accurate, consistent, secure and fit for purpose. The framework addresses data-governance arrangements, defined roles, data architecture, metadata and data lineage, data quality, and third-party data-sharing arrangements. It applies to specified banking entities, financial institutions, non-banking financial companies, asset reconstruction companies and credit information companies, and invites stakeholder feedback on the proposed framework.
July 15, 2026
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Semiconductor and mobile manufacturing incentives support domestic production, component sourcing, design investment, exports and resilient electronics supply chains.
Semicon 2.0 and the Mobile Phone Manufacturing Scheme provide manufacturing support to expand domestic electronics production, exports and local value addition. Semicon 2.0 covers chip design, equipment and materials, fabrication, advanced packaging and testing, research, and talent development, while supporting semiconductor intellectual property and critical-component manufacturing. The mobile-phone scheme provides production-linked incentives linked to eligible sales, with additional support for domestic component sourcing and Indian investment in product design and research. The measures seek to reduce import dependence and strengthen domestic critical-technology capabilities.
July 15, 2026
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India-UK trade liberalisation expands tariff preferences, services access and skilled professional mobility while preserving protections for sensitive domestic sectors.
The India-United Kingdom Comprehensive Economic and Trade Agreement establishes preferential tariff treatment for goods and expands cooperation in services, digital trade, government procurement, investment and professional mobility. India retains protections for sensitive sectors through phased tariff reductions and quota-based access, while duties on British automobiles and alcoholic beverages are reduced in stages. The accompanying social-security convention exempts eligible Indian professionals temporarily assigned to the United Kingdom from simultaneous contributions in both jurisdictions, supporting skilled-worker mobility and reducing employment-related costs.

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50,000 Students to Participate in Season 2 of the Franklin Templeton National Mutual Fund Olympiad 2026

August 4, 2026

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MUMBAI, India, Aug. 4, 2026 /PRNewswire/ -- FinX, India's leading platform for BFSI learning and certification programmes, has announced the launch of the Franklin Templeton National Mutual Fund Olympiad (FTNMFO) 2026, a nationwide initiative aimed at strengthening financial literacy and investment awareness among students. Undergraduate and postgraduate students across academic disciplines are invited to participate, with the Olympiad expected to engage over 50,000 students from more than 1,000 colleges across India. Groww, India's leading investment platform, has been onboarded as the education partner while the programme is also supported by the BFSI Sector Skill Council of India (BFSI SSC).

India's financial literacy landscape has evolved significantly over the last decade, and the participation from youth has been remarkable. In fact, SEBI's Investor Survey 2025 found that 66% of Gen Zs were aware of at least one market-linked investment product, signalling a growing interest in investing among young Indians. The Olympiad seeks to build on this foundation by helping young learners with a real-world experience to understand, access and engage with investment products such as mutual funds, ETFs, PMS, AIFs and SIFs, enabling them to participate more confidently in India's expanding investment ecosystem.

Speaking on the launch, Avinash Satwalekar, President, Franklin Templeton Asset Management (India) Pvt., said, "The enthusiastic response to the inaugural Franklin Templeton National Mutual Fund Olympiad reaffirmed the growing interest among young Indians to build practical financial knowledge beyond the classroom. At Franklin Templeton, we believe financial literacy is an essential life skill, and initiatives like the Olympiad help equip students with the confidence to make informed financial decisions while improving their understanding of the evolving investment landscape. As we launch Season 2, we look forward to reaching many more students and continuing to promote investment awareness and financial capability across the country." Himanshu Vyapak, MD & CEO, FinX, said, "The Franklin Templeton National Mutual Fund Olympiad has evolved into a unique platform that brings together academia and industry to make financial education more engaging, accessible and relevant for students. The response to the first edition demonstrated a strong appetite among young learners to understand investing and personal finance in a practical manner. With Season 2, we aim to significantly expand our reach, deepen engagement across campuses and continue building a financially aware generation that is better prepared for the opportunities and responsibilities of India's evolving financial ecosystem. This programme is also supported by the BFSI Sector Skill Council of India (BFSI SSC)." Harsh Jain, Co-founder & COO, Groww, said, "Despite all the growth, very few Indians invest in mutual funds today. Most people haven't even taken the first step. What we have realised over the years is that access is no longer the problem - understanding is. The best time to build that understanding is when someone is still a student, before they invest their first rupee. If young people learn how markets and mutual funds actually work early on, they carry those habits for life. That is why as part of our larger commitment to investor education, we are supporting this Olympiad, which takes this learning to college campuses across the country." Building on the success of its inaugural edition, which attracted more than 10,000 students from over 400 colleges, the 2026 edition aims to significantly expand its reach and impact. Within a structured, multi-level competition, participants will be assessed on their understanding of mutual funds, investment fundamentals, financial planning, market concepts and long-term wealth creation. Registrations are now open through the official Olympiad platform, while participating colleges can enrol at no cost.

Through the Olympiad, Franklin Templeton, FinX and Groww seek to strengthen financial literacy among young Indians by bringing together academic institutions and industry expertise.

About Franklin Templeton Franklin Templeton is a global investment management organization with over 75 years of experience helping individual and institutional investors achieve their financial goals. Operating in more than 30 countries with offices across over 80 financial centres, the firm offers expertise across equity, fixed income, alternatives, multi-asset and customized investment solutions. In India, Franklin Templeton has been serving investors for more than 30 years, providing a broad range of mutual fund solutions while remaining committed to investor education, financial literacy and long-term wealth creation. The firm combines global investment capabilities with local market insights to help investors navigate evolving financial markets and pursue their long-term investment objectives.

About FinX FinX is a leading financial education, skilling and employability platform dedicated to developing industry-ready talent for the BFSI sector. Through its career-focused certifications, industry-integrated learning programmes, national competitions and institutional partnerships, FinX equips students and young professionals with practical knowledge across banking, financial markets, wealth management, mutual funds and allied financial services. By bridging the gap between academia and industry, FinX works closely with educational institutions and leading financial organisations to promote financial literacy, enhance employability and build a future-ready workforce for India's evolving financial ecosystem.

About Groww Groww is India's largest investment platform by active users. Founded in 2016, Groww's mission is to make financial services simple, accessible and transparent for every Indian. Through its platform, customers can access a wide range of financial products including stocks, MTF, wealth advisory, mutual funds, ETFs, IPOs, commodities, derivatives, bonds, among others. With a strong focus on user experience, technology and investor education, Groww is helping build greater participation in India's financial markets and empowering individuals to take charge of their financial futures.

About BFSI Sector Skill Council of India Established in 2011 under the National Skill Development Corporation (NSDC), the BFSI Sector Skill Council of India (BFSI SSC) is responsible for skill development in the Banking, Financial Services, and Insurance sector. Working in collaboration with the RBI, IRDAI, SEBI, PFRDA, leading banks, insurance companies and financial institutions, the Council designs industry-led qualifications and certification programs to enhance employability and productivity. BFSI SSC actively supports national skilling initiatives to build a future-ready workforce and strengthen India's financial ecosystem.

(Disclaimer: The above press release comes to you under an arrangement with PRNewswire and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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