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    ITC Q1 profit declines 15.6 pc to Rs 4,508.79 cr; non-cigarette FMCG posts robust growth
    Punjab extends deadline of one-time scheme for settling tax dues of pre-GST period till Sept 30
    PM Modi speaks to UK counterpart Burnham
    Bank credit to industry records robust growth of 19.2 pc in June: RBI data
    Delhi protesters' fingerprints collected from stones for identification via Aadhaar: BJP minister
    Cabinet approves Rs 84,084-cr offshore exploration scheme; govt to fund up to Rs 650 cr per well
    India's forex reserves jump USD 6.12 bn to USD 682.35 bn
    Jharkhand signs pact with CSC eStore to make SHG products made by women available online
    APEDA Facilitates First-Ever Air Shipment of Karnataka's Neelam and Totapuri Mangoes to the Maldives
    Favara-UPI Cross-Border Payment Corridor Goes Live Between Maldives and India
    SC upholds NCLAT order setting aside CCI's Rs 301.6-cr penalty on Grasim Industries
    China's factory activity unexpectedly slips into contraction in July
    PM Modi to inaugurate Bhogapuram Airport on Aug 1 in Andhra Pradesh
    Rupee rises 20 paise to 95.30 against US dollar in early trade
    APEDA Facilitates First-Ever Sea Shipment of Value-Added Flavoured Makhana from Bihar to Canada
    Indian envoy meets Chinese commerce ministry official; Calls for enhanced market access
    ED attaches Rs 94 crore in foreign bank account in fraud case against Delhi-based rice firm
    Ensure uniform deposit rates across all branches: RBI tells banks
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July 31, 2026
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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.
July 31, 2026
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One-Time Settlement Scheme offers final pre-GST tax dispute resolution relief before stricter recovery action against defaulters begins.
The One-Time Settlement Scheme 2025 for pre-GST tax dues has been extended until September 30. Eligible taxpayers may resolve pending legacy tax disputes with full waiver of interest and penalties and slab-wise relief in principal tax. After the deadline, recovery action may be intensified under applicable tax laws and the Punjab Land Revenue Act, including property attachment, auction and freezing of bank accounts. The department also supports amicable settlement of tax disputes through the SAMADHAN initiative.
July 31, 2026
Show AI Summary
Bilateral trade agreement implementation supports expanded trade, investment and strategic cooperation through technology, security, clean energy and community links.
The India-UK Comprehensive Economic and Trade Agreement was identified as a framework for expanding bilateral trade and investment opportunities following its operationalisation. The two governments proposed closer cooperation to use the agreement for shared prosperity, while advancing their comprehensive strategic partnership through technology, innovation, defence, security, clean energy, education and people-to-people links.
July 31, 2026
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Sectoral bank credit growth reflects broad-based expansion across industry, services, agriculture and personal loans, with slower credit-card growth.
Sectoral bank credit growth accelerated across non-food lending, agriculture, industry, services and personal loans. Industrial credit expanded across micro and small, medium and large enterprises, with strong lending to infrastructure, engineering, food processing, textiles, construction, metals, petroleum-related products and chemical products. Services lending was supported by non-banking financial companies, commercial real estate and trade. Vehicle and housing loans maintained double-digit growth, while credit-card outstanding growth decelerated.
July 31, 2026
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Biometric identification of protesters through alleged fingerprint-Aadhaar linkage was described alongside criminal-background profiling and database creation.
Biometric identification of protesters through fingerprints recovered from alleged stone-pelting evidence was publicly described as a proposed investigative method. A minister stated that fingerprints allegedly found on stones would be linked with Aadhaar numbers to identify participants and examine their prior records. The account also referred to analysis and categorisation of detained protesters' criminal backgrounds, creation of a separate database, and proposed action against participants described as anti-social elements or persons with criminal records.
July 31, 2026
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Offshore hydrocarbon exploration support funds high-risk deepwater drilling, shared infrastructure and data acquisition to strengthen domestic energy production.
The National Offshore Exploration Scheme provides public support for deepwater and ultra-deepwater oil and gas exploration, including seismic and offshore data acquisition, exploratory drilling in frontier basins, and common production and evacuation infrastructure. It addresses the high cost and geological uncertainty of offshore drilling and includes technology adoption, digital programme management, capacity building and collaboration measures. The scheme seeks to expand domestic hydrocarbon discoveries and production, attract investment across the exploration and production value chain, and reduce reliance on imported oil and gas.
July 31, 2026
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Foreign exchange reserves increased as foreign currency assets and gold holdings rose, alongside measures to attract forex inflows.
India's foreign exchange reserves increased during the reporting week, principally because foreign currency assets and gold reserves rose. Foreign currency assets, expressed in United States dollar terms, include valuation effects from movements in currencies such as the euro, pound and yen. Special Drawing Rights and the reserve position with the International Monetary Fund declined. Measures including the FCNR(B) measure were reported as efforts to attract foreign-exchange inflows following rupee pressure and dollar-sales intervention.
July 31, 2026
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Digital marketplace access for women's self-help group products expands e-commerce opportunities while panchayat-level citizen services are strengthened.
Digital marketplace access for women's self-help group products is proposed through a memorandum of understanding between CSC eStore and the Jharkhand State Livelihood Promotion Society. Products marketed under the 'Palash' and 'Adiva' brands are intended to be offered through an e-commerce network to widen market access, support rural women's income and entrepreneurship, and strengthen the rural economy. Digital panchayat services are also being expanded through Common Service Centres, including banking, e-governance and Aadhaar-related services.
July 31, 2026
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Agricultural export facilitation expands market access for late-season mangoes through farmer aggregation and direct global market linkages.
Agricultural export facilitation enabled an air shipment of late-season Neelam and Totapuri mangoes to an international market, expanding market access and extending the mango export season. Direct sourcing through a Farmer Producer Company supported organised aggregation, quality produce, and export-oriented supply chains. Direct procurement and export market linkages enabled participating farmers to realise higher returns than conventional market channels while promoting horticultural export diversification.
July 31, 2026
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Cross-border digital payment integration enables real-time Favara transfers from Maldives mobile banking applications to UPI-enabled accounts in India.
Cross-border digital payment integration between Favara and UPI enables individuals in the Maldives to make real-time person-to-person transfers to UPI-enabled bank accounts in India through mobile banking applications. Transfers are initiated in Maldivian Rufiyaa and credited in Indian Rupees. The initial service is available through participating Maldivian banks. Permitted remittances include family-maintenance transfers under foreign inward and outward remittance categories, and gift-related transfers under foreign outward remittance. Future phases are intended to introduce QR-based merchant payments and other digital payment services.
July 31, 2026
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Procedural Fair Hearing in competition inquiries requires notice when the Commission departs from investigative findings before imposing action.
Competition law procedure requires the Competition Commission to notify and hear an opposite party when departing from the Director General's findings. The penalty order concerning alleged abuse of dominance in viscose staple fibre supply was set aside because Grasim Industries was not given an opportunity to respond to the Commission's disagreement with the investigative findings. The matter was remanded for fresh, time-bound consideration without a finding on the merits.
July 31, 2026
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Manufacturing contraction highlights weak domestic demand, property-sector pressure and continued reliance on technology-related exports for economic growth.
Manufacturing activity in China contracted in July, as the official purchasing managers' index fell below the expansion threshold and new orders and production declined. Weak domestic demand, lower building activity and possible typhoon-related disruptions contributed to the slowdown. Consumer spending, investment and property-sector weakness continue to affect confidence, while technology-related exports support growth. Policy commitments include strengthening domestic consumption amid continued reliance on exports.
July 31, 2026
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Public-private partnership airport development strengthens aviation, cargo logistics, export infrastructure and sustainable connectivity through an integrated international airport project.
The Bhogapuram airport project is being implemented under a Public-Private Partnership through the Design, Build, Finance, Operate and Transfer framework. It has obtained required aerodrome, safety, fire and environmental clearances and includes infrastructure for domestic and international aviation, passenger processing and airport security. Cargo and cold-chain facilities are intended to support exports and logistics integration, while recycled-water use and LEED Platinum standards form part of the project's sustainability features.
July 31, 2026
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Rupee appreciation against the US dollar continued as foreign inflows and lower crude prices supported domestic currency markets.
Rupee appreciation against the US dollar continued in early trading, supported by foreign capital inflows and lower global crude oil prices. A stronger US dollar constrained further appreciation, while expectations of continued Reserve Bank of India intervention were cited as supporting the rupee. Declining Brent crude prices, gains in domestic equity indices and net foreign institutional investment in equities were also identified as relevant market factors.
July 31, 2026
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Value-added Makhana exports expand international market access, support quality compliance, and improve farmer returns through processing and branding.
Agricultural export facilitation supported the first sea shipment of value-added flavoured Makhana from Bihar to Canada. Processed and packaged to international quality and food-safety standards, the export demonstrates the role of processing, value addition and export-oriented manufacturing in expanding overseas market access. The initiative is stated to improve farmer returns through value addition, while capacity building, export infrastructure, quality compliance, market linkages and stakeholder collaboration support the agri-export ecosystem.
July 30, 2026
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Market access for Indian pharmaceuticals remains central to bilateral efforts to promote sustainable trade and economic cooperation.
Enhanced market access for Indian products, particularly pharmaceuticals, was raised in discussions aimed at strengthening bilateral trade and economic ties. The discussions addressed sustainable trade, and the sides agreed to increase mutual cooperation and communication. India continues to seek greater access to China's information technology, pharmaceutical and agricultural sectors, while pursuing increased pharmaceutical exports and Chinese investment. Bilateral trade increased, but India's trade deficit widened, reflecting an ongoing imbalance in trade flows.
July 30, 2026
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Money laundering asset attachment targets overseas bank deposits linked to alleged loan fraud and fugitive economic offenders.
Provisional attachment under the Prevention of Money Laundering Act was reported against Singapore bank deposits held by a company promoter and associated entities in an alleged loan-fraud and money-laundering investigation. The underlying case arises from allegations of fraud, criminal misappropriation, criminal breach of trust and cheating affecting a consortium of lending banks. Service of the attachment order was reported through mutual legal-assistance arrangements, and the promoters had reportedly been declared fugitive economic offenders.
July 30, 2026
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Deposit interest rate uniformity requires equal rates for similar deposits, while allowing risk-based differentiation for bulk deposits.
Banks must apply uniform deposit interest rates across branches and customers for similar deposit amounts accepted on the same date, without discrimination. Rates payable, including for bulk deposits, must strictly follow schedules disclosed in advance on bank websites. Bulk deposit rates must be published each business day at 10:00 am, subject to a short permitted delay. Differentiated bulk-deposit rates may be offered based on applicable differential run-off rates under the Liquidity Coverage Ratio framework.
July 30, 2026
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Supply-chain continuity measures prioritise energy, fertiliser and seafarer protection amid conflict-driven disruptions across critical maritime transit routes.
Supply-chain continuity and energy security measures were reviewed in response to geopolitical conflicts disrupting maritime transit routes and imports. Measures included diversification of LPG procurement, maintenance of petroleum stocks, expansion of PNG, gas-grid, LNG and city-gas infrastructure, and pipeline connectivity approvals. Fertiliser requirements and alternative procurement sources were considered to ensure uninterrupted supply. A unified monitoring mechanism and support arrangements for seafarers, including timely information, emergency assistance and counselling, were directed to protect citizens, economic interests and the Indian diaspora.
July 30, 2026
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Property digital identity framework proposed through comprehensive surveys, floor-level records, and unique cards to improve ownership verification.
The proposed Delhi Land Records Bill, 2026 contemplates a digital land-records framework requiring scientific surveys of every property, comprehensive authenticated digital records and a unique Property Aadhaar Card. The proposed system would cover rural and urban residential, commercial and other properties, including floor-level records for buildings. It is intended to improve ownership verification, property transactions, inheritance, loan access, building-plan approvals and transparency in land records.

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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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