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    July 27, 2026
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    July 27, 2026
    InCred Asset Management has Crossed ₹1,000 Crore in investments in listed healthcare companies, becoming one of India''s largest dedicated Healthcare PMS provider
    Show AI Summary
    Healthcare portfolio management services disclose equity strategy performance, benchmark methodology, fee treatment and the absence of regulatory performance verification.
    InCred Healthcare Portfolio is identified as an investment approach/product under an Equity Strategy pursuant to a SEBI circular. Its disclosed performance is benchmarked against the BSE 500 TRI, calculated using the Time Weighted Rate of Return method prescribed by SEBI, and stated to be net of fees and expenses. Returns for shorter horizons are described as absolute returns. The performance information is expressly stated not to have been verified by SEBI, and SEBI has not certified its accuracy or adequacy.
    July 27, 2026
    OmniCard Launches India's First Flexi Benefits Basket on UPI — Employee Benefits Beyond Just Meals
    Show AI Summary
    UPI-enabled flexi benefits wallets support employee-selected tax-efficient allowances with category controls, compliance monitoring and employer reporting.
    A UPI-enabled flexi benefits wallet is described as allowing employees to allocate employer-provided allowances among eligible categories and make payments through the relevant wallet at UPI-accepting merchants. Tax-efficient treatment is stated to depend on the prescribed conditions applicable to each benefit category. Merchant-category-code controls are intended to restrict expenditure to eligible purposes, while centralised allocation, transaction visibility and reporting support employer compliance. The arrangement is stated to operate through a Reserve Bank of India licensed prepaid payment instrument framework.
    July 27, 2026
    Final US Section 301 Measures on Forced Labour: India Placed in Lower Tariff Tier at 10%
    Show AI Summary
    Section 301 forced-labour measures place Indian imports in a lower tariff tier while preserving specified product exclusions.
    Section 301 forced-labour import measures impose an additional ad valorem duty on imports from India, with India placed in a lower additional-tariff tier than initially proposed. Specified exports that attract no additional duties, and goods already subject to Section 232 measures, remain outside the Section 301 additional duty. A substantial portion of Indian exports is therefore excluded, while the remaining exports are subject to the additional duty. The textile-specific mechanism has not yet been operationalised, and engagement continues in relation to that mechanism and bilateral trade agreement negotiations.
    July 27, 2026
    Department of Commerce Reviews Flue-Cured Virginia (FCV) Tobacco Market Situation in Andhra Pradesh
    Show AI Summary
    FCV tobacco market stability remains under review through coordinated measures to protect growers and maintain transparent auction operations.
    FCV tobacco market stability was reviewed with emphasis on protecting growers' interests and considering long-term measures for the sector. The delegation inspected Tobacco Board auction operations, interacted with growers on prevailing market conditions, and noted the transparent and orderly conduct of auctions. The Government is monitoring developments and examining appropriate measures with the State Government, Tobacco Board and stakeholders to safeguard FCV tobacco farmers' interests.
    July 27, 2026
    Ministry of Corporate Affairs’ ‘Corporate Mitra Scheme’ Awareness Webinar Successfully Organized by IICA Shillong for the youth and enterprises of Arunachal Pradesh
    Show AI Summary
    Corporate Mitra Scheme supports MSMEs through accredited professionals delivering affordable compliance, financial, taxation, accounting and governance assistance.
    The Corporate Mitra Scheme seeks to strengthen MSMEs by connecting them with accredited para-professionals providing affordable compliance and business-support services. Corporate Mitras are envisaged to assist with regulatory compliance, finance, taxation, accounting and governance, allowing enterprises to focus on growth. The scheme also trains young graduates in industry-relevant skills and creates employment opportunities. IICA Shillong serves as the nodal agency for coordination, stakeholder liaison, promotion and awareness in the North Eastern Region.
    July 26, 2026
    FM Sitharaman directs Income Tax dept to work for benefit of common people
    Show AI Summary
    Tax administration must deliver timely lawful service, protect public assets, and uphold integrity in tax collection.
    Tax administration should assist common citizens by handling matters within departmental authority without unnecessary delay, while remaining within applicable rules. Government departments should protect public land from illegal occupation and expedite lawful land transfers, permissions, construction arrangements and procurement for departmental premises and accommodation. Integrity is the essential principle for officials performing tax-collection functions.
    July 26, 2026
    Crime Branch chargesheets 10 accused in separate fraud & forgery cases in Jammu
    Show AI Summary
    Investment fraud and forged residence certificates prompted chargesheets over alleged misappropriation, fabricated revenue records, land purchases and employment access.
    Criminal chargesheets concerned alleged investment fraud through false promises of high returns and alleged misappropriation of investor funds, involving a company stated to be unregistered with SEBI, RBI and the relevant Registrar of Companies. A separate chargesheet concerned alleged conspiracy to procure permanent resident certificates using forged revenue records, with the certificates allegedly used for land purchases and government employment. Forensic examination reportedly found that the relevant revenue documents were not genuine according to official records.
    July 25, 2026
    ED chargesheets 3 founders of Gameskraft under PMLA
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    Money-laundering proceedings concerning online real-money rummy operations include a prosecution complaint against Gameskraft Technologies, RummyTime Technologies, founder-directors and associated persons. The allegations concern proceeds of crime said to arise from cheating users through rummy applications and from an addictive environment encouraging repeated wagering. The proceedings also involve provisional attachment, seizure and freezing of financial holdings, equity interests and immovable properties alleged to be connected with suspected proceeds of crime. The founder-directors' arrests were declared invalid by the Karnataka High Court, while the investigating agency proposes to challenge that order.
    July 25, 2026
    IDFC FIRST Bank Q1FY27 Results: Highest Ever PAT of ₹1,075 Crore, Up 132.4% YoY
    Show AI Summary
    Banking financial performance reflected loan and deposit growth, improved asset quality, stronger margins and prudent contingency provisioning.
    Quarterly financial performance reflected growth in customer business, loans and deposits, expansion in lending portfolios, an improved CASA ratio and lower cost of funds. Asset quality improved through reductions in gross and net non-performing assets, while profitability indicators improved in relation to net interest margin, cost efficiency, provisions, net profit and return on assets. The bank received credit-guarantee claims for its microfinance portfolio and created a contingency provision for macroeconomic and geopolitical uncertainty. Capital adequacy and common equity tier-one ratios were also reported.
    July 25, 2026
    India placed in lower 10 pc US tariff bracket; reaffirms commitment to BTA
    Show AI Summary
    Forced-labour import tariffs place Indian goods under an additional duty while exemptions preserve access for specified exports.
    A 10 per cent Section 301 additional import duty applies to specified Indian goods over and above ordinary most-favoured-nation duty, following a forced-labour-related investigation. Generic pharmaceuticals, smartphones, other specified products, and goods already subject to Section 232 sectoral duties remain outside the additional levy. The textile-specific mechanism has not yet been operationalised for India, while tariff-rate quota concessions using US-origin cotton and fibre were announced for certain other economies. India continues engagement on a bilateral trade agreement and tariff access for garments using American inputs.
    July 25, 2026
    Ratnaveer Precision Engineering Reports 20% Revenue Growth and 21% PAT Growth in Q1 FY27
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    The company reported progress on a proposed Copper Clad Laminate manufacturing project, including in-principle approval under the Gujarat Electronics Policy and substantial project completion. The facility is intended to support domestic electronics manufacturing and reduce import dependence. It also reported upgraded credit ratings, enhanced rated bank facilities, and stock-exchange in-principle approvals for a proposed rights issue supporting expansion and strategic growth initiatives.
    July 25, 2026
    India placed in lower tariff tier at 10 pc under US Section 301 measures on forced labour: Govt
    Show AI Summary
    US forced-labour tariffs place India in a lower tier while preserving exclusions for specified imports and Section 232 products.
    US Section 301 forced-labour measures impose an additional 10 per cent tariff on imports from India, with India placed in a lower tariff tier than initially proposed. Generic pharmaceuticals, smartphones and certain specified products outside additional duties remain excluded, as do products already covered by Section 232 measures, including steel, aluminium and auto parts. The textile-specific mechanism has not yet been established or operationalised, and engagement continues in connection with bilateral trade agreement negotiations.
    July 25, 2026
    ED report says CMRL ex-MD cited Veena’s ties to then Kerala CM for payments
    Show AI Summary
    Money-laundering investigation examines alleged fictitious expenses, circular vendor payments, and consultancy payments without services or deliverables.
    A money-laundering investigation alleges misappropriation through fictitious expense entries, unsupported vouchers, and inflated vendor invoices used to withdraw funds in cash. The Enforcement Directorate further alleges that payments described as software or IT consultancy expenses were made to Exalogic Solutions Pvt Ltd and Veena T without services or deliverables. The report cites statements concerning the alleged sham payments, Exalogic's dependence on company funds, and subsequent transfers from its account. The PMLA case is based on a prosecution complaint concerning suspected financial irregularities.
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    July 24, 2026
    Trump says US will investigate EU trade practices, claiming bloc unfairly fined tech giants
    Show AI Summary
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    A formal investigation into alleged unfair trade practices has been announced in response to European regulatory fines imposed on major United States technology companies. The stated concern is that digital antitrust penalties are unfairly directed at United States businesses, with possible tariffs on European Union imports indicated. The proposed response is linked to Section 301 of the Trade Act of 1974, permitting import taxes and other sanctions against unjustifiable, unreasonable or discriminatory trade practices.
    July 24, 2026
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    July 24, 2026
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    July 24, 2026
    HIGHLIGHTS
    Show AI Summary
    Examination integrity safeguards prompt monitoring, enforcement action and proposed stricter penalties for paper leaks and institutional failures.
    Examination integrity measures include reported termination of agency officials, contemplated legal and criminal action, proposed stricter punishment for paper leaks, and Supreme Court monitoring of preventive steps. The Supreme Court also prohibited unauthorised posting or uploading of audio-video court proceedings on social media and digital platforms without prior administrative permission. The updates further address taxpayer facilitation alongside firm action against evasion, trade measures connected with forced-labour concerns, and potential legal action concerning university communications to students.
    July 24, 2026
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    July 24, 2026
    Sri Lanka welcomes US tariff reduction
    Show AI Summary
    Forced-labour import prohibition enabled lower tariff treatment for Sri Lankan goods, supporting export competitiveness and responsible trade practices.
    Tariff treatment for Sri Lankan goods entering the United States was reduced after Sri Lanka prohibited imports of goods produced using forced labour. The prohibition placed Sri Lanka within the lower tariff category under the stated US framework. The reduction is described as supporting exporter competitiveness while reflecting commitments to fair trade, responsible business practices, internationally accepted labour standards, and sustainable economic reforms.

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      Home› news › GST › 2023 › August, 2023 › This
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      GST

      ₹1,65,105 crore gross GST revenue collected for July 2023; records 11% Year-on-Year growth

      August 1, 2023

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      Gross GST collection crosses ₹1.6 lakh crore mark for 5th time since inception of GST

      Revenues from domestic transactions (including import of services) are 15% higher Year-on-Year

      The gross GST revenue collected in the month of July, 2023 is ₹1,65,105 crore of which CGST is ₹29,773 crore, SGST is ₹37,623 crore, IGST is ₹85,930 crore (including ₹ 41,239 crore collected on import of goods) and cess is ₹11,779 crore (including ₹ 840 crore collected on import of goods).

      The government has settled ₹39,785 crore to CGST and ₹33,188 crore to SGST from IGST. The total revenue of Centre and the States in the month of July 2023 after regular settlement is ₹69,558 crore for CGST and ₹70,811 crore for the SGST.

      The revenues for the month of July 2023 are 11% higher than the GST revenues in the same month last year. During the month, the revenues from domestic transactions (including import of services) are 15% higher than the revenues from these sources during the same month last year. It is for the fifth time, the gross GST collection has crossed Rs. 1.60 lakh crore mark.  

      The chart below shows trends in monthly gross GST revenues during the current year. The table-1 shows the state-wise figures of GST collected in each State during the month of July 2023 as compared to July 2022 and table-2 shows the SGST and SGST portion of the IGST received/settled to the States/UTs in July’2023.

      State-wise growth of GST Revenues during July 2023[1] (Rs. in crore)

      State/UT

      July’22

      July’23

      Growth(%)

      Jammu and Kashmir

      431

      549

      27

      Himachal Pradesh

      746

      917

      23

      Punjab

      1733

      2000

      15

      Chandigarh

      176

      217

      23

      Uttarakhand

      1390

      1607

      16

      Haryana

      6791

      7953

      17

      Delhi

      4327

      5405

      25

      Rajasthan

      3671

      3988

      9

      Uttar Pradesh

      7074

      8802

      24

      Bihar

      1264

      1488

      18

      Sikkim

      249

      314

      26

      Arunachal Pradesh

      65

      74

      13

      Nagaland

      42

      43

      3

      Manipur

      45

      42

      -7

      Mizoram

      27

      39

      47

      Tripura

      63

      78

      23

      Meghalaya

      138

      175

      27

      Assam

      1040

      1183

      14

      West Bengal

      4441

      5128

      15

      Jharkhand

      2514

      2859

      14

      Odisha

      3652

      4245

      16

      Chhattisgarh

      2695

      2805

      4

      Madhya Pradesh

      2966

      3325

      12

      Gujarat

      9183

      9787

      7

      Daman and Diu

      313

      354

      13

      Dadra and Nagar Haveli

      Maharashtra

      22129

      26064

      18

      Karnataka

      9795

      11505

      17

      Goa

      433

      528

      22

      Lakshadweep

      2

      2

      45

      Kerala

      2161

      2381

      10

      Tamil Nadu

      8449

      10022

      19

      Puducherry

      198

      216

      9

      Andaman and Nicobar Islands

      23

      31

      32

      Telangana

      4547

      4849

      7

      Andhra Pradesh

      3409

      3593

      5

      Ladakh

      20

      23

      13

      Other Territory

      216

      226

      4

      Center Jurisdiction

      162

      209

      29

      Grand Total

      106580

      123026

      15

      [1] Does not include GST on import of goods

      Amount of SGST & SGST portion of IGST settled to States/UTs in July’2023 (Rs. in crore)

      State/UT

      SGST collection

      SGST portion of IGST

      Total

      Jammu and Kashmir

      234

      429

      663

      Himachal Pradesh

      233

      285

      518

      Punjab

      727

      1138

      1865

      Chandigarh

      57

      133

      190

      Uttarakhand

      415

      210

      625

      Haryana

      1610

      1256

      2866

      Delhi

      1221

      1606

      2827

      Rajasthan

      1380

      1819

      3199

      Uttar Pradesh

      2751

      3426

      6176

      Bihar

      718

      1469

      2187

      Sikkim

      30

      53

      83

      Arunachal Pradesh

      37

      113

      150

      Nagaland

      18

      70

      88

      Manipur

      23

      58

      80

      Mizoram

      22

      57

      79

      Tripura

      40

      86

      125

      Meghalaya

      50

      99

      149

      Assam

      451

      696

      1146

      West Bengal

      1953

      1531

      3483

      Jharkhand

      721

      330

      1051

      Odisha

      1300

      416

      1716

      Chhattisgarh

      627

      382

      1009

      Madhya Pradesh

      1045

      1581

      2626

      Gujarat

      3293

      1917

      5210

      Dadra and Nagar Haveli and Daman and Diu

      56

      29

      85

      Maharashtra

      7958

      4167

      12124

      Karnataka

      3181

      2650

      5831

      Goa

      173

      146

      320

      Lakshadweep

      2

      13

      14

      Kerala

      1093

      1441

      2534

      Tamil Nadu

      3300

      2119

      5419

      Puducherry

      41

      57

      99

      Andaman and Nicobar Islands

      11

      25

      37

      Telangana

      1623

      1722

      3345

      Andhra Pradesh

      1199

      1556

      2755

      Ladakh

      11

      47

      58

      Other Territory

      19

      55

      75

      Grand Total

      37623

      33188

      70811

       

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