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    Rajya Sabha passes bill to tackle payment delays faced by MSMEs amid Opposition protests
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    CBN dismantles inter-state counterfeit drug network in Bihar under Operation Vajra; mastermind arrested
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August 3, 2026
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MSME delayed-payment reforms strengthen award recovery, faster dispute adjudication, invoice discounting, and interim supplier payment protection.
MSME delayed-payment reforms seek faster adjudication, strengthened recovery and improved liquidity for enterprise suppliers. Courts may direct payment of at least half of an awarded amount where a setting-aside application remains pending beyond six months. Mediated settlements and arbitral awards may be recovered as arrears of land revenue and recognised as legally enforceable debts under the insolvency framework. The measures also provide graded penalties, voluntary digital registration, invoice settlement through the Trade Receivables Discounting System, and additional Facilitation Councils.
August 3, 2026
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Monetary policy rate setting remains cautious as inflation, liquidity, growth and global uncertainty shape the policy stance.
Monetary policy rate setting is expected to remain cautious amid global uncertainty, rising inflation risks and steady domestic growth. The inflation outlook is affected by energy-price pass-through, higher input costs, and seasonal and monsoon-related food-price pressures. Policy decisions are expected to remain data-dependent, guided primarily by domestic inflation, liquidity conditions and economic growth. A cautious or neutral stance is identified as preferable while external risks and inflation developments persist.
August 3, 2026
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Forward-looking financial disclosure raises revenue and earnings guidance while describing non-GAAP measures, capital allocation, and material business risks.
Financial performance reporting identifies increased bookings, revenue growth, continuing earnings, and backlog, with segment-level operating and margin measures. The release addresses cash flow, capital allocation through dividends, acquisitions and share repurchases, and increased full-year revenue and earnings guidance. Forward-looking statements concerning financial performance, operations, demand, liquidity and capital deployment are subject to identified risks and uncertainties. Non-GAAP measures are presented as supplemental to GAAP measures, with definitions and reconciliations stated to be available in accompanying materials.
August 3, 2026
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Counterfeit drug enforcement targets illicit manufacture, storage and trafficking networks, with coordinated seizures and referral of non-narcotic stock.
Counterfeit-drug enforcement under Operation Vajra addressed an inter-state network involved in the illicit manufacture, storage and distribution of narcotic drugs, psychotropic substances and spurious pharmaceutical products. Searches of unregistered godowns recovered narcotic products, unauthorisedly manufactured Buprenorphine injection ampoules, and counterfeit non-NDPS medicines. A farmhouse-based illicit manufacturing facility was dismantled, with machinery, chemicals and related materials seized under the NDPS Act, 1985.
August 3, 2026
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Anti-smuggling enforcement targets concealed gold, narcotics, protected products, prohibited e-cigarettes and restricted imports through coordinated intelligence operations.
Intelligence-led anti-smuggling operations resulted in seizures of foreign-origin gold, narcotic drugs, hydroponic weed, protected wildlife and forest products, prohibited electronic cigarettes, and restricted poppy seeds and areca nuts. The operations identified concealment through fabricated baggage cavities, false cargo declarations, misdeclaration of origin, forged documentation, and concealment in transport vehicles. Poppy seeds are restricted under the Foreign Trade Policy and may be imported only subject to conditions concerning legally cultivated produce from designated countries and registration of import contracts with the Narcotics Commissioner.
August 3, 2026
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Tax devolution advance instalment strengthens State finances for accelerated capital and developmental expenditure through distribution of Union tax proceeds.
Tax devolution was released to State Governments as an additional advance instalment alongside the normal monthly devolution schedule. The fiscal transfer shares net proceeds of Union taxes and duties with States, with the stated purpose of strengthening State finances and supporting accelerated capital and developmental expenditure. The release includes a State-wise distribution of tax-devolution proceeds.
August 3, 2026
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Financial performance reporting highlights revenue and EBITDA growth, garmenting recovery, retail optimisation, ESG commitments, and forward-looking risk disclosures.
Financial performance reflects growth in total income and EBITDA, with improved margin, reduced net working-capital days, and a net-cash position. Branded textiles and high-value cotton shirting reported lower revenue due to the prior-year base effect, while branded apparel grew but faced lower margin from channel mix. Garmenting improved through order-book execution, tariff rationalisation, and new global clients. ESG priorities include female representation, waste-management initiatives, renewable energy, emissions reduction, and workplace safety. Forward-looking statements remain subject to regulatory, political, economic, and technological risks.
August 3, 2026
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Foreign exchange market support strengthens the rupee as lower crude prices, portfolio inflows and reserve growth improve sentiment.
Foreign exchange market conditions supported an early appreciation of the rupee against the US dollar, attributed to lower global crude oil prices, a weaker dollar, sustained foreign portfolio inflows, higher foreign exchange reserves, and Reserve Bank of India presence in the foreign exchange market. Domestic equity market gains and net foreign institutional equity purchases were also identified as supporting factors.
August 2, 2026
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Gold smuggling detection targets sophisticated concealment methods through strengthened passenger profiling, intelligence gathering and coordinated investigations into organised networks.
Gold smuggling detection at Kerala airports led to multiple seizures, registration of cases and arrests in alleged smuggling attempts. Organised networks reportedly use gold in paste or compound forms concealed in clothing, body cavities, aircraft seats and other unconventional locations. Enforcement measures include strengthened passenger profiling, intelligence gathering and inter-agency coordination, while investigations continue to identify associated syndicates and financiers.
August 2, 2026
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Offshore exploration funding supports deepwater drilling, shared infrastructure and seismic data to strengthen domestic hydrocarbon production potential.
The Samudra Manthan National Offshore Exploration Scheme provides direct budgetary support for high-risk deepwater and ultra-deepwater exploratory drilling, subject to cost-sharing and per-well limits. Support is available to eligible operators holding or securing exploration acreage. The scheme also funds offshore data acquisition and shared subsea, receipt and processing infrastructure through a Common Hub Infrastructure model. It is intended to promote risk exploration, improve commercialisation of offshore discoveries and strengthen domestic hydrocarbon production potential within the existing exploration and licensing framework.
August 1, 2026
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GST compliance enforcement combines taxpayer refunds, analytics-based fraud detection, cancellation of fake registrations, and recovery of outstanding VAT arrears.
Punjab attributed increased GST collections to voluntary compliance, intelligence-based enforcement and technology-driven tax administration, while facilitating compliant taxpayers through timely GST refunds. Data analytics, risk profiling and field verification were used to identify tax evasion, bogus billing, fake input tax credit networks and misuse of the GST registration framework. Measures included penalties, cancellation of fraudulent registrations and recovery of long-pending VAT arrears through attachment and auction of defaulters' properties.
August 1, 2026
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Cross-border barter trade resumes through Shipki La, subject to permitted goods, time limits, and import-export compliance requirements.
Cross-border barter trade through Shipki La between India and Tibet resumed after a six-year interruption. Traders may exchange specified goods under a barter arrangement and must return within 72 hours. Traders are required to comply strictly with import-export regulations prescribed by the Union Ministry of Commerce, emphasising transparency and regulatory compliance. Expansion of permitted goods may be pursued through prescribed governmental and external-affairs channels.
August 1, 2026
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Export growth projections outline pathways for Odisha to expand merchandise trade through export diversification, MSME support and financing initiatives.
Export growth projections for Odisha set out base, optimistic and ambitious scenarios through FY 2029-30, based respectively on historical growth, envisaged national export growth, and a larger share of national exports. Odisha's export basket remains concentrated in metals and minerals, led by aluminium products, with China as the principal export destination. Odisha Vision 2047 identifies exports, including MSME contributions, as an economic transformation driver, while export-financing and risk-mitigation initiatives aim to address financing gaps for exporters and MSMEs.
August 1, 2026
Show AI Summary
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.
August 1, 2026
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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.
August 1, 2026
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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.
August 1, 2026
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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.
August 1, 2026
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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.
August 1, 2026
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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.
August 1, 2026
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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.

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Customs, DGFT & SEZ

Lokpal Bill government’s top priority,will be introduced in Lok Sabha in first three days: Session begins on Aug.1

July 29, 2011

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Press Information Bureau
Government of India
Ministry of Parliamentary Affairs

29-July-2011 14:35 IST

Lokpal Bill government’s top priority,will be introduced in Lok Sabha in first three days: Session begins on Aug.1

The Union Parliamentary Affairs Minister Shri P K Bansal has said that The Lokpal Bill 2011 will be introduced in Lok Sabha by Aug.3. Speaking to the Media at the Parliament house the Minister said that the government has prepared a comprehensive Lokpal bill for the consideration and passing by both houses of Parliament.

The Monsoon Session, 2011 of Parliament (8th Session of Fifteenth Lok Sabha and the 223rd Session of the Rajya Sabha) is scheduled to commence on Monday, the 1st of August, 2011 and subject to exigencies of Government Business, the Session will conclude on Thursday, the 8th of September, 2011. The Session will provide 26 sittings spread over a period of 39 days.   

The Session will mainly be devoted to essential Government legislative and other business, including financial business relating to Supplementary Demands for Grants for the year 2011-12 in respect of Railway and General Budgets.

To finalise the Government Business for the Monsoon Session, 2011, Minister of Parliamentary Affairs and Water Resources took a meeting with the Secretaries/Senior Officers of the various Ministries/Departments on Monday, the 25th of July, 2011.  The Ministers of State in the Ministry of Parliamentary Affairs co-chaired the meeting. During the meeting, 71 items (2 Bills for Introduction, Consideration and Passing, 35 Bills for Consideration and Passing, 32 Bills for Introduction and 2 Financial Business) were identified for being taken up during the Monsoon Session. This includes two Bills in replacement of two Ordinances. A list of Bills identified to be taken up during the 8th  Session of  Fifteenth  Lok Sabha and the 223rd Session of Rajya Sabha is as under:-

I – Bills for Introduction, Consideration and Passing

1.

The Indian Medical Council (Amendment) Bill, 2011 – To replace an Ordinance

2.

The Indian Institute of Information Technology, Design and Manufacturing, Kancheepuram Bill, 2011– To replace an Ordinance

II – Bills for Consideration and Passing

1

The Seeds Bill, 2004.

2.

The Constitution (One Hundred and Eleventh Amendment) Bill, 2009.

3.

The Pesticides Management Bill, 2008.

4.

The Company Secretaries (Amendment) Bill, 2010.

5.

The Chartered Accountants (Amendment) Bill, 2010.

6.

The Cost and Works Accountants (Amendment) Bill, 2010.

7.

The National Commission for Heritage Sites Bill, 2009.

8.

The State Bank of India (Subsidiary Banks Laws) Amendment Bill, 2009.

9.

The Coinage Bill, 2011, as passed by Lok Sabha

10

The Jawaharlal Institute of Post Graduate Medical Education and Research, Pudducherry (Amendment) Bill, 2010.

11.

The Transplantation of Human Organs (Amendment) Bill, 2009.

12

The National Institute of Mental Health and Neurosciences, Bangalore, Bill, 2010.

13.

The New Delhi Municipal Council (Amendment) Bill, 2010.

14.

The Orissa (Alteration of Name) Bill, 2011 (as returned by Rajya Sabha with amendments)

15.

The Constitution (One Hundred Thirteenth  Amendment) Bill, 2011 (as returned by Rajya Sabha with amendments)

16.

The Central Educational Institutions (Reservation in Admission) Amendment Bill, 2010.

17.

The Educational Tribunals Bill, 2010.(as passed by Lok Sabha)

18.

The Institute of Technology (Amendment) Bill, 2011. (as passed by Lok Sabha)

19.

The Architects (Amendment) Bill, 2010.

20.

The National Institute of Technology (Amendment) Bill, 2010

21.

The Copyright (Amendment) Bill, 2010.

22.

 The Right of Children to Free and Compulsory Education (Amendment) Bill, 2010.

23.

 The National Council for Teacher Education (Amendment) Bill, 2010.

24.

The Prasar Bharati (Broadcasting Corporation of India) Amendment Bill, 2010.

25.

The Constitution (One Hundred and Fourteenth Amendment) Bill, 2010.

26.

The Constitution (One Hundred and Eighth Amendment) Bill, 2010. (as passed by Rajya Sabha)

27.

The Commercial Division of High Courts Bill, 2009. (as passed by Lok Sabha)

28.

The Constitution (One Hundred and Tenth Amendment) Bill, 2009.

29

The Constitution (One Hundred and Twelfth Amendment) Bill, 2009.

30.

The Petroleum and Minerals Pipelines (Acquisition of Right to User in Land) Amendment Bill, 2010.

31.

The Railway Property (Unlawful Possession) Amendment Bill, 2008.

32.

The Academy of Scientific and Innovative Research Bill, 2010.

33.

The Juvenile Justice (Care and Protection of Children) Amendment Bill, 2010.

34,

The Chemical Wepons Convention (Amendment) Bill, 2010.

35.

The Motor Vehicles (Amendment) Bill, 2007.

 III – Bills for Introduction

1.     

The Lokpal Bill, 2011.

2.     

The National Food Security Bill, 2011.

3.     

The Narcotic Drugs and Psychotropic Substances (Amendment) Bill, 2011.

4.     

The Prevention of Money Laundering (Amendment) Bill, 2011

5.     

The Benami Transactions (Prohibition) Bill, 2011

6.     

The Constitution (Scheduled Tribes) Order (Amendment) Bill, 2011.

7.     

The Indecent Representation of Women (Prohibition)   Amendment Bill, 2011

8.     

The Agriculture Bio-Security Bill, 2011.

9.     

The Nuclear Regulatory Authority Bill, 2011

10.                        

The Biotechnology Regulatory Authority of India Bill, 2011.

11.                        

The Regional Centre for Biotechnology Bill, 2011.

12.                        

The Electronic Service Delivery Bill, 2011.

13.                        

The Warehousing Corporation (Amendment) Bill, 2011.

14.                        

The Companies (Amendment) Bill, 2011.

15.                        

The Wildlife (Protection) Amendment Bill, 2011.

16.                        

The Indian Stamp (Amendment) Bill, 2011

17.                        

The National Commission for Human Resources for Health Bill, 2011

18.                        

The Customs Law (Amendment and Validation) Bill, 2011

19.                        

The Boarder Security Force (Amendment) Bill, 2011

20.                        

The National Academic Depository (Amendment) Bill, 2011.

21.                        

The National Council for Higher Education and Research Bill, 2011

22.                        

The Universities for Innovation Bill, 2011

23.                        

The Press and Registration of Books and Publications Bill, 2010

24.                        

The Inter State Migrant Workmen [Regulation of Employment & Conditions of Service] (Amendment) Bill, 2011.

25.                        

The Administrator’s General (Amendment) Bill, 2011

26.                        

The Mines and Minerals (Development and Regulation) Bill, 2011.

27.                        

The Emigration Management Bill, 2011

28.                        

The Damodar Valley Corporation (Amendment) Bill, 2011

29.                        

The Passengers Security Bill, 2011

30.                        

The Rajiv Gandhi National Institute of Youth Development Bill, 2011

31.                        

The National Sports Development Bill, 2011

32.                        

Bill relating to Land Acquisition, Rehabilitation and Resettlement.

IV – Financial Business

 

 

1.

Discussion and Voting on First Supplementary Demands for Grants (General) for the year 2011-2012.

2

Discussion and Voting on Supplementary Demands for Grants (Railways) for 2011-12.

*****

DK

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