GST compliance enforcement through AI analytics supported sustained net GST collection growth despite rate rationalisation reforms and reduced compliance costs. GST revenue mobilisation in Andhra Pradesh showed year-on-year growth in net GST and total commercial tax collections through July 2026, despite rate-rationalisation reforms. Revenue growth was attributed to AI-based scrutiny and analytics, machine-learning risk scoring, AI-driven IGST reversals, UPI-based enforcement analytics, data sharing, predictive analytics, registration verification, and Aadhaar-integrated expansion of the professional-tax base. These measures were stated to strengthen compliance, curb wrongful input tax credit claims, broaden taxpayer coverage, and improve revenue mobilisation.
Economic-offences fraud chargesheets address alleged fictitious loans, forged insurance surrender papers, and diversion of bank and policy funds. Economic-offences chargesheets were filed in separate alleged bank and insurance fraud matters. The bank investigation alleged fictitious loan sanctions and overdrafts beyond delegated authority, involving cheating, forgery, use of forged documents and criminal conspiracy. The insurance investigation alleged that duplicate policy records and forged surrender documents were used to open a fraudulent account in a policyholder's name and divert policy proceeds. Records, witness statements, documentary evidence and forensic examination were cited in support of the allegations.
PM Vishwakarma Scheme implementation expands artisan enrolment, skills, credit, e-commerce access and export facilitation while addressing documentation barriers. PM Vishwakarma Scheme implementation in Delhi facilitated artisan enrolment, application processing, skill training, toolkit distribution, loan access, e-commerce onboarding and export-related support. Awareness workshops and tele-calling campaigns were used to promote participation and follow up on benefits. Key implementation challenges concerned outreach to informal clusters, digital literacy, delays in Aadhaar and IEC documentation, and additional support for Divyang artisans. Planned action includes expanding workshops, scaling e-commerce onboarding, strengthening export facilitation and coordination with implementing agencies.
Goods and Services Tax collections rise on domestic consumption and imports, while elevated import revenue prompts assessment of underlying drivers. Goods and Services Tax collections for July increased over the corresponding prior-year period, supported by domestic sales and imports. Gross receipts included Central GST, State GST and Integrated GST, with net GST revenue calculated after adjusting refunds. For the April-July period, gross and net collections also increased. Commentary linked domestic GST growth to consumption, formalisation and industrial activity, while identifying elevated import GST collections as an area requiring assessment of import composition, currency effects and volumes.
GST revenue collections show provisional gross, refund and net revenue trends, with State-wise settlement and domestic collection data. GST revenue collections for July 2026 are reported provisionally through gross domestic and import revenue, domestic and export-related refunds, and net GST revenue after refunds. The data also sets out SGST collections and the SGST share of IGST settled to States and Union Territories, both monthly and cumulatively. State-wise domestic GST growth excludes GST on imported goods, while jurisdiction-wise data allocates collections between central and State formations and identifies CGST, SGST and IGST components.
Bilateral trade cooperation expands through a Joint Trade Committee covering investment, critical minerals, healthcare, digital technologies and market access. Bilateral trade and investment cooperation between India and Rwanda is to be advanced through a structured Joint Trade Committee mechanism for reviewing commerce, diversifying trade, promoting investment, facilitating business engagement and addressing market-access and logistical issues. Priority cooperation includes critical minerals, pharmaceuticals and healthcare, agriculture and agro-processing, standards harmonisation, digital public infrastructure, fintech, cybersecurity, green mobility and renewable energy. Investment focal points will support engagement, while capacity-building assistance and close monitoring of the Agreed Minutes are intended to support time-bound implementation.
GST collection growth in West Bengal continued year-on-year in July but remained below the national growth trend. West Bengal's July GST collection increased year-on-year and over the preceding month, marking a second consecutive month of annual growth. Official data also indicated that the State's annual growth rate was below the national trend, while gross domestic GST revenue excluding imports and overall gross GST collections including import-related taxes rose nationally during July.
GST collection growth reflects higher revenue mobilisation from domestic transactions and imports, with refunds adjusted in net revenue. Goods and Services Tax collections increased in July, driven by higher revenue from domestic transactions and imports. The gross collection comprised Central GST, State GST and Integrated GST components. Refunds also increased during the month, and net GST revenue was determined after adjustment of refund outflows from gross tax receipts.
Concessional foreign-exchange swaps encourage bank deposits and foreign borrowings to strengthen balance-of-payments resilience and foreign-exchange liquidity. The Reserve Bank of India introduced a concessional foreign-exchange swap facility to encourage foreign-currency inflows, strengthen the balance of payments and support foreign-exchange liquidity. The facility applies to fresh Foreign Currency Non-Resident (Bank) deposits, Overseas Foreign Currency Borrowings and External Commercial Borrowings. Foreign Currency Non-Resident (Bank) deposits constitute the principal source of inflows mobilised under the arrangement. The facility is available for specified time-bound periods, with a later availability period for Overseas Foreign Currency Borrowings and External Commercial Borrowings.
Unauthorised pledge of listed-company land triggered securities-market bars for disclosure failures and misuse of management authority. Unauthorised pledge of ZEEL's Hyderabad land as security for loans obtained by promoter-linked entities was treated as a related-party transaction lacking prior audit committee approval. ZEEL failed to disclose the land's deployment in its financial statements. Its Chairman Emeritus was stated to have transferred title deeds by falsely representing management approval and to have concealed the transaction's nature. Securities-market prohibitions and monetary penalties were imposed with immediate effect.
Trade and sustainable development policy integrates carbon regulation, sustainability standards and domestic frameworks to strengthen trade competitiveness and preparedness. Trade and Sustainable Development policy was examined in relation to international trade disciplines, sustainability regulation and India's trade strategy. Discussions considered carbon markets, carbon pricing, carbon border adjustment measures, sustainability standards and regulatory cooperation, and their implications for trade and industrial competitiveness. Domestic mechanisms, including the Carbon Credit Trading Scheme, Indian Carbon Market, Extended Producer Responsibility framework, and accreditation and conformity assessment systems, were considered for strengthening preparedness for emerging sustainability-related trade disciplines.
Digital public procurement engagement begins with stakeholder events promoting transparent, efficient and inclusive marketplace governance. Government e-Marketplace launched ten-day celebrations preceding its tenth Foundation Day, including a commemorative logo, stakeholder events and recognition of employees, buyers and sellers. The programme begins a year-long nationwide outreach initiative bringing together buyers, sellers, policymakers, industry representatives and ecosystem partners through events, dialogues and collaborative platforms. Its stated focus is technology-enabled, transparent, efficient and inclusive public procurement.
Strategic trade controls require dual-use exports to comply with national law and international obligations amid arms-transfer allegations. Strategic trade controls governing dual-use exports require Indian exports of dual-use items and technologies to comply with national law and India's international obligations. The stated framework applies to exports to various countries. In response to allegations concerning supplies to Israel, the position notes calls for an arms embargo covering direct or indirect transfers of arms and military material, including weapons, ammunition, parts and components, without determining the underlying allegations.
Greenfield airport development under a public-private partnership advances licensed international passenger, cargo, logistics, and sustainable infrastructure. A greenfield international airport is being developed under a Public-Private Partnership and Design, Build, Finance, Operate and Transfer framework, with airport, aviation-hub, education and supporting infrastructure components. The airport has obtained an aerodrome licence and required safety, fire and environmental clearances. Passenger, airfield and terminal systems are designed for domestic and international operations. A cargo terminal with cold-chain facilities and integration with port, industrial-corridor and logistics networks are intended to strengthen exports and air-cargo logistics. Recycled-water use and LEED Platinum development standards form part of its environmental measures.
Regulatory and legal developments cover trade measures, legislative action, offshore exploration support, court directions and platform algorithm scrutiny. The compilation reports proposed United States tariff measures concerning purchasers of Russian oil and gas, India-United Kingdom trade engagement, extension of farmer-support measures, and approval of offshore exploration support. It also covers passage of the Registration of Births and Deaths (Amendment) Bill, 2026, a privilege-motion notice, a criminal sentencing, and directions to appoint a nodal officer for families affected by the Russia-Ukraine war. Regulatory items include industrial credit data and examination of social-media algorithms, bias and public-order implications.
Russian oil purchases may trigger proposed targeted tariffs, with periodic reassessment based on countries' purchasing behaviour. Proposed United States measures would authorise sanctions against Russia and persons supporting its war in Ukraine, while permitting targeted tariffs on imports from countries purchasing substantial volumes of Russian oil or gas or facilitating sanctions evasion. The framework identifies major purchasers and shadow-fleet facilitators for possible additional tariffs and provides for periodic reassessment and tariff adjustments based on purchasing behaviour. India stated that its energy-security policy rests on national priorities and diversified energy sources.
Money-laundering proceedings face challenge over absent predicate offence, alleged lack of criminal intent, and treatment of related FIRs. Money-laundering proceedings linked to alleged diversion of homebuyer funds are challenged on the ground that no scheduled offence or criminal intent is attributable to the petitioner. The petitioner relies on his asserted exoneration in two predicate FIRs, where charge sheets did not name him, and settlement of the remaining FIR. Notice was issued for a response and status report, and the petitioner undertook to cooperate with the investigation.
Rupee appreciation reflected foreign capital inflows and central bank support, tempered by crude prices and geopolitical tensions. Rupee appreciation against the US dollar was linked to sustained foreign capital inflows and Reserve Bank support through dollar selling. Higher crude oil prices, a stronger US dollar and geopolitical tensions in West Asia constrained further gains. A slightly positive near-term rupee bias was associated with softer dollar conditions, dovish US monetary expectations, favourable global markets and improved foreign inflows, while geopolitical risks remained relevant. Domestic equity indices rose, foreign-exchange reserves increased, and fiscal-deficit data showed the central government's position against its full-year target.
India-UK trade agreement enables duty-free access and bilateral cooperation on investment, technology, and strategic partnership. The India-UK Comprehensive Economic and Trade Agreement provides zero-duty market access in the UK for nearly 99 per cent of India's exports and is intended to expand bilateral trade and investment opportunities. The governments committed to maximise its benefits through the Comprehensive Strategic Partnership, including cooperation on technology, innovation, security, clean energy, education and people-to-people links. Advanced technology collaboration, including artificial intelligence, is also contemplated.
Excise duty increases on cigarettes pressured profitability, while calibrated pricing and FMCG growth supported market resilience. Excise duty increases on cigarettes affected consolidated profitability, prompting calibrated pricing and portfolio measures to protect market share and limit migration to illicit trade. The cigarette portfolio was re-architected across price points through value-accretive offerings and staggered pricing actions. Non-cigarette FMCG growth was supported by demand for packaged foods, dairy and personal-care products. Input-cost inflation was mitigated through inventory cover, commodity hedging and price-volume rebalancing amid crude-price volatility, supply-chain disruption and imported inflation concerns.
The Prime Minister, Dr. Manmohan Singh has inaugurated the four year long celebrations of Swami Vivekananda's 150th birth anniversary in New Delhi today. Following is the text of the PM's speech on the occasion:
"I am honoured to be present here today on this very happy occasion of the inauguration of the four year long celebration of 150th Birth Anniversary of Swami Vivekananda.
It was on a September day in 1893 that a young man from India, dressed in the traditional saffron robes of a Hindu monk, addressed the Parliament of Religions in Chicago. It was the first time he had gone abroad and it was the first time he was speaking in public. Yet his first few words beginning with his greetings to the 'sisters and brothers of America' electrified the audience and brought forth an applause that lasted for over two minutes.
Swami Vivekananda's Chicago address is a proud moment in India's history and it heralded the arrival of one of India's greatest spiritual leaders on the world stage.
Swami Vivekanandaji dedicated his life to the service of his motherland and to the spiritual awakening of Indian people. He worked to instill pride in his countrymen in their cultural heritage. He tried to build a national consciousness that was modern, rational and universal.
It is a deep honour for me to be able to offer my homage to this great noble son of India, who by his words and his work inspired millions of people in our country as well as in foreign lands.
Swami Vivekananda's dress was that of a sanyasi; his calling was that of a religious leader and profound spiritual thinker. But he was not an ordinary man and his intellect and vitality would not allow him to be confined to a life of renunciation. Swami Vivekananda was always engaged with the people and he worked for their well-being and for their betterment. He travelled the length and breadth of the country and sought to enrich Indian religious thought by emphasizing the importance of work and commitment to the people in his teachings.
Vivekananda tried to spread his ideas by speaking directly to the people, especially to the youth. He believed that the absence of self-respect was at the root of India's weakness. He exhorted the people to inculcate self-respect. He wanted every Indian to be proud of being an Indian and being capable of saying that every Indian is my brother or sister. His message broke through the shackles of caste and creed and spoke of a language of universal brotherhood.
When Mahatma Gandhi visited Belur Math on Swami Vivekananda's birthday in 1921, he said, "I have gone through his works very thoroughly, and after having gone through them, the love that I had for my country became a thousand-fold."
What Gandhiji said captures the great importance of spreading Swami Vivekananda's ideas and ideals among the youth in our country today. He personified the eternal energy of the youth and their restless quest for truth. It is entirely fitting that the Government of India has declared 12th January, the birthday of Swami Vivekananda, as National Youth Day. We must work to rekindle the eternal message of this great patriot and son of India.
To carry forward his ideas, Swami Vivekananda established the Ramakrishna Mission, an organization that would be devoted to spreading the message of his spiritual master, Ramakrishna Paramhansa, while working for the welfare of the people. It is a tribute to his vision that the Ramakrishna Mission continues to earn enormous goodwill among the people a hundred years after its establishment. The monastic order has 172 branches across the globe, of which 128 are in India. The Ramakrishna Mission is widely recognized for its commendable work in the areas of value based education, culture, health, women's empowerment, youth and tribal welfare and relief and rehabilitation.
I fervently hope that Swami Vivekananda's 150th birth anniversary will be an occasion to expand the activities and good work being done by the Ramakrishna Mission. I can assure the Mission of our government's full support and co-operation in the fulfillment of the noble mission.
The Government of India has set up a National Committee, under the chairmanship of the Prime Minister, to guide the conduct of the commemorations of the 150th Birth Anniversary of Swami Vivekananda in a befitting manner.
During its first meeting last year, a number of constructive suggestions were made for events and activities to popularize the teachings of Swami Vivekananda during this anniversary year. These suggestions include the publication of his complete works, international conferences and seminars on his teachings, establishing chairs in universities, annual lectures, encouraging research in inter-faith dialogue and involving states and local organizations in commemorating Swami Vivekananda's travels in India. I expect that these ideas would soon be translated in to concrete plans of action which could be ready for implementation by the year 2013.
The Government of India has already approved a film on Swami Vivekananda by the Public Service Broadcasting Trust.
We should make special efforts to commemorate Swami Vivekananda's Address in Chicago. I understand that there is a plaque placed at the spot in the Art Institute of Chicago where the historic address was delivered and that the City of Chicago has also named the stretch of the Avenue on which the Art Institute of Chicago is located as the Swami Vivekananda way. We are working on a suitable commemorative event in Chicago.
Swami Vivekananda had very definite and enlightened views on education. He conceived of education as the primary means of rebuilding Indian society. He once said:
'The education which does not help the common mass of people to equip themselves for the struggle for life, which does not bring out strength of character, a spirit of philanthropy, and the courage of a lion - is it worth the name? Real education is that which enables one to stand on one's own legs.'
Our government has approved in principle a grant of Rs. 100 crores for a "Value Education Project" of the Ramakrishna Mission. I sincerely hope that the project will help to inculcate in our children a moral compass and a value system that provides a bulwark against the tide of commercialism and consumerism that is sweeping our societies.
I wish to end by returning to the life and message of Swami Vivekananda. He was born when India was under colonial subjugation but was never overcome with either despondency or cynicism. He confronted reality and worked tirelessly to change it. He said:
'To succeed, you must have tremendous perseverance, tremendous will. "I will drink the ocean," says the persevering soul, "at my will mountains will crumble up." Have that sort of energy, that sort of will, work hard, and you will reach the goal.'
Swami Vivekananda believed in the people of India. We need to rededicate ourselves to that belief and to his mission of building a self-confident India where each citizen has the right to his or her own self-respect, dignity and well being. With these words I once again express my great happiness for being present on this very auspicious occasion."
National Committee to guide commemorations, promote value education and institutionalize Vivekananda's social and cultural initiatives.
The Government of India has established a National Committee, chaired by the Prime Minister, to guide four years of commemorative activities for Swami Vivekananda, translating suggestions-publication of his works, international conferences, university chairs, annual lectures, research in inter faith dialogue, state and local involvement, and a commemorative event in Chicago-into implementable plans; government approval in principle extends to a Value Education Project of the Ramakrishna Mission and to a film project, with an express assurance of support and cooperation to expand the Mission's welfare, education, health and outreach programmes.
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