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    Punjab extends deadline of one-time scheme for settling tax dues of pre-GST period till Sept 30
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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
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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.
July 30, 2026
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Supply-chain resilience amid maritime conflict drives measures to protect energy imports, fertiliser supplies, seafarers and overseas citizens.
Supply-chain continuity was reviewed in response to conflicts affecting maritime routes through the Strait of Hormuz, the Black Sea, the Red Sea and the Gulf of Aden. The concerns included disruptions to imports of petroleum, natural gas, fertilisers and other essential goods, risks to ships and seafarers, and the safety of Indian citizens in conflict areas. Measures were considered to maintain uninterrupted imports, protect economic interests and address constraints affecting critical energy and trade corridors.

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Centre to organize the FIRST EVER Startup India Innovation Week from 10th -16th of January 2022.

January 10, 2022

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Centre to organize the FIRST EVER Startup India Innovation Week from 10th -16th of January 2022.

Event to bring together country's key startups, entrepreneurs, investors, incubators, funding entities, banks, policymakers etc under one platform to celebrate entrepreneurship and promote innovation

"Startup India Innovation Week"

designed to showcase the spread and depth of entrepreneurship across India.

The Department for Promotion of Industry and Internal Trade (DPIIT) is organizing the first-ever Startup India Innovation Week from 10th -16th of January 2022.  This virtual week-long innovation celebration aims to commemorate the 75th year of India’s independence ‘Azadi Ka Amrit Mahotsav’ and is designed to showcase the spread and depth of entrepreneurship across India.

Interestingly, in the startup world, 2021 has been recognised as the 'year of unicorns,' with 40+ unicorns added in the year.

 India is emerging as a global innovation hub, boasting the world's third-largest startup ecosystem. DPIIT has recognised more than 61,000 startups as on date. Our startups representing 55 industries, spread across 633 districts with at least one startup from every State and UT of the country have created over 6 lakh jobs since 2016. 45% of the startups are from Tier-2 and Tier-3 cities and 45% of them are represented by women entrepreneurs. Startups have the potential to accelerate India's integration into global value chains and create global impact.

This startup and innovation festival's primary goal is to bring together the country's key startups, entrepreneurs, investors, incubators, funding entities, banks, policymakers, and other national/international stakeholders to celebrate entrepreneurship and promote innovation. Furthermore, to exchange knowledge on nurturing startup ecosystems; to develop entrepreneurial ecosystem capacities; to mobilise global and domestic capital for startup investments; to encourage and inspire the youth for innovation and entrepreneurship; to provide market access opportunities to startups; and to showcase high-quality, high-technology, and frugal innovations from India.

With participation of States/UTs and various departments of Government of India, the week-long programme will address key aspects of the startup ecosystem through interactive sessions, workshops, and presentations based on themes such as Academia & Mentorship Support to Startups, Incubation and Acceleration Support to Startups, Market Access through Corporates & Government to Startups, and Funding & International Avenues to Go Global. In addition, based on the identified themes, there will be various parallel activities such as Experience Booths, Pitching or Reverse Pitching Sessions, and Innovation Showcases.

The link to the registration for the event is https://www.startupindiainnovationweek.in

Highlights of the week-long celebration are:

  • Hon’ble Prime Minister’s interaction with startups
  •  Result Declaration of National Startup Awards 2021
  • Launch of Doordarshan Startup Champions 2.0 show
  • Roundtable with Global Investors and domestic funds
  • Launch of Open Network for Digital Commerce Digital Strategy
  • Participation by Ministry of Education, Niti Aayog, Office of PSA, DBT, DST, MeitY, Ministry of Defence and Ministry of Social Justice and Empowerment, among other departments, in various sessions.
  • Launch of ‘Fisheries Startup Grand Challenge’ by Department of Fisheries
  • Pitching sessions and corporate connect programs for startups from across the country.

Key Day wise highlights of the week long celebration are:

Day 1 (10th January)

The week-long event will be launched on Day 1, 10th January 2022 by Hon’ble Minister of Commerce & Industry, Shri Piyush Goyal in presence of Hon’ble Ministers of State for Commerce & Industry Shri Som Prakash and Smt. Anupriya Patel. Other eminent speakers during the inaugural session will include

  • Shri Anurag Jain, Secretary, Department for Promotion of Industry and Internal Trade
  • Shri Sanjeev Bikhchandani, Founder & Executive Vice Chairman, Info Edge India Ltd
  • Shri Abhiraj Singh Bhal, Co-Founder & CEO, Urban Company.

Day 1 will also host a Panel Discussion on “Transforming Businesses Through Co-Creation" with speakers like

  • Dr. Rajesh S. Gokhale, Secretary, Department of Biotechnology
  • Shri Ajay Kumar, Secretary, Department of Defence Production
  • Shri Kris Gopalakrishnan, Chairman, Axilor Ventures
  • Shri Aditya Natraj, CEO, Piramal Foundation
  • Shri Sanjeev Kapoor, Celebrity Chef, Entrepreneur & Television Personality
  • Smt. Shobana Kamineni, Executive Vice Chairperson, Apollo Hospitals.

Sessions by Ministry of Social Justice and Empowerment and Open Network for Digital Commerce will also be organised on Day 1.

Day 2 (11th January) 

Day 2 will be coordinated by All India Council for Technical Education (AICTE) and cover sessions on innovation, human values and sustainability and highlight innovation practices in higher education institutes. The Inaugural Ceremony of Day 2 will host addresses from esteemed stakeholders such as

  • Smt. Anita Karwal, Secretary, Department of School Education & Literacy
  • Shri K. Sanjay Murthy, Secretary, Department of Higher Education
  • Dr. Abhay Jere, Chief Innovation Officer, Innovation Cell, Ministry of Education, Government of India.

Keynote addresses will be shared by Shri Sridhar Vembu, Founder, ZOHO Corporation as well as Shri Gautam, Founder, FarEye Pvt. Ltd.

Several panel discussions will be undertaken on “Innovation, Human Values, and Sustainability” and “Best Innovation & Startup Practices in Higher Education Institutions”. Panel discussions will host eminent speakers such as

  • Shri Harshit Rathore, Co-Founder & CEO, Naccarc Robotics
  • Shri Vikash Mittersain, Founder & Managing Director, Nazara Technologies
  • Shri Shrikant Badve, Managing Director, Badve Industries
  • Prof. Abhay Karandikar, Director, IIT Kanpur
  • Prof. AB Pandit, Vice Chancellor, ICT Mumbai.

Moreover, moderators of the sessions will include key stakeholders in the innovation landscape such as Prof. Anil D Sahasrabudhe, Chairman, AICTE and Dr. K. Radhakrishnan, Ex-Chairman, ISRO.

Day 3 (12th January)

Day 3 of this week-long event will also be coordinated by All India Council for Technical Education (AICTE) and cover sessions on academia and mentorship support for the startups and student entrepreneurs.  This day will witness keynote address from eminent speakers such as

  • Prof. K VijayRaghavan, Principal Scientific Adviser, Government of India
  • Shri. Ankit Agarwal, Founder & CEO, Phool.co
  • Smt. Arundhati Bhattacharya, Chairperson & CEO, Salesforce.

Several panel discussions will also be conducted on Day 3 on interesting topics such as “Grey Hair Not Mandatory to Build Great Enterprises” and “Schools, Innovation, Games and Curriculum”. Day 3 will also mark the closing of the two-day AICTE programme with a concluding ceremony. The closing will be in presence of eminent dignitaries such as

  • Dr. Rajkumar Ranjan Singh, Hon’ble Minister of State for Education
  • Dr. Subhas Sarkar, Hon’ble Minister of State for Education
  • Smt. Annapurna Devi, Hon’ble Minister of State for Education
  • Prof. Rajive Kumar, Member Secretary, AICTE
  • Prof. M. P. Poonia, Vice Chairman, AICTE
  • Dr. Abhay Jere, CIO, MIC.

Day 4 (13th January)

A Global Venture Capital Roundtable will be held and Chaired by Hon’ble Minister of Commerce and Industry. Additionally, the day will cover sessions on Indian Incubator Landscape and Incubator capacity building, Startup Pitching and several workshops on “Funding Avenues, financing support by banks, Govt. market access”. This day will also mark the launch of Fisheries Startup Grand challenge. Key highlights also include experience sharing fireside chat by Shri Deep Kalra, Founder, MakeMyTrip. A knowledge sharing session on best practices by 5 states in market access, incubation, and funding, will also be conducted. Eminent speakers for the day include

  • Shri Parshottam Rupala, Hon’ble Minister of Fisheries, Animal Husbandry & Dairying
  • Dr. Chintan Vaishnav, Mission Director, Atal Innovation Mission
  • Shri Rajan Anandan, Managing Director, Sequoia Capital
  • Shri Sanjeev Kaushik, Senior Vice President, Retail Branch Banking, HDFC
  • Shri Prakash Jaiswal, Vice President, Corporate Banking, HSBC
  • Mr. Srinivas Ramanujam, CEO, Villgro,
  • Shri Yashish Dahiya, CEO, PolicyBazaar.

Day 5 (14th January)   

Day 5 will cover key events such as launch of ONDC Digital Strategy (Open Network for Digital Commerce), panel discussion focussing on women entrepreneurship, startup pitching sessions, workshop on expansion strategies and fireside chats highlighting global market entry strategies and technology commercialization. Eminent speakers across sessions will include

  • Prof. K. Vijay Raghavan, Principal Scientific Advisor, Government of India
  • Shri Amitabh Kant, CEO, NITI Aayog
  • Shri Nandan Nilekani, Non-Executive Chairman, Infosys
  • Smt. Gazal Kalra, Co-Founder Rivigo
  • Smt. Padmaja Ruparel, Co-Founder Indian Angel Network
  • Shri Phalgun Kompalli, Co-Founder, UpGrad
  • Shri Rahul Garg, Founder & CEO, Moglix
  • Shri. Manoj Kohli, Country Head, Softbank and
  • Shri Prashant Tandon, Co-founder & CEO, 1MG.

Day 6 (15th January) 

On this day, Prime Minister Shri Narendra Modi is expected to interact with startups and address Startup India Innovation Week at 10.30 am via video conferencing in closed-door event. For this interaction, 150+ startups have been divided into six working groups based on themes such as “Growing from Roots; Nudging the DNA; From Local to Global; Technology of Future; Building Champions in Manufacturing; and Sustainable Development. The aim of the interaction is to understand how startups can contribute to the national needs by driving innovation in the country and how government can assist them with the same. This day will also include the announcement of winners of National Startup Awards 2021, recognizing outstanding startups and ecosystem enablers that are building scalable enterprises, with high potential of employment generation, wealth creation, and social impact. The event will be graced by Shri Piyush Goyal, Minister of Commerce & Industry, Consumer Affairs & Food & Public Distribution and Textiles. The event will also be graced by other senior dignitaries such as

  • Shri Som Parkash, Hon'ble Minister of State for Commerce & Industry
  • Smt. Anupriya Singh Patel, Hon'ble Minister of State for Commerce & Industry
  • Shri Anurag Jain, Secretary, Department for Promotion of Industry and Internal Trade.

Day 7 (16th January) 

The last day of the week-long celebration will include events such as Corporate Connect for Startups, Panel discussions on the ONDC’s Made in India approach to drive inclusion, innovation & scale in Public Digital infrastructure and Urban Innovation via collaboration between Startups and Smart Cities Mission. Eminent speakers addressing various events on the last day will include

  • Shri Avnish Sabharwal, MD, Accenture Ventures
  • Smt. Sruthi Kannan, Head, CISCO Launchpad
  • Smt. Debjani Ghosh, President, NASSCOM and
  • Shri Suresh Sethi, CEO, Protean eGov.

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