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    August 4, 2026
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    August 4, 2026
    AU Small Finance Bank Savings Accounts: Competitive Interest Rates, Zero-Balance Digital Account Opening and 24x7 Mobile Banking
    Show AI Summary
    Savings account access expands through video KYC, mobile banking, no-minimum-balance options, monthly interest payments and deposit insurance coverage.
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    August 4, 2026
    Rupee opens on flat note, rises 3 paise to 95.34 against US dollar in early trade
    Show AI Summary
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    August 4, 2026
    Meeting of Heads of National Statistical Offices of BRICS Countries “Quality Statistics as Driver of Change”
    Show AI Summary
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    Quality statistics are advanced through modernised national statistical systems, administrative data, digital public infrastructure, and stronger data-governance and privacy standards. Cooperation among national statistical offices is intended to address data gaps through knowledge sharing, methodological harmonisation and statistical innovation. Discussions also emphasised digital dissemination, transformational statistical reforms, and the use of administrative data for timely, cost-effective and granular official statistics, supported by harmonised metadata, interoperable systems and institutional collaboration.
    August 4, 2026
    Modernization of National Sample Surveys through adoption of digital platforms such as Computer Assisted Personal Interview (CAPI) integrated with e- sigma platform incorporating in-built validation checks, AI-enabled chatbot, and multilingual interfaces
    Show AI Summary
    Digital statistical modernisation strengthens survey quality, macroeconomic indicators, international standards alignment and infrastructure performance monitoring through standardised data systems.
    National statistical modernisation uses digital survey platforms with validation checks, AI-enabled support and multilingual interfaces, alongside short-duration surveys and administrative data to improve sampling and timely official statistics. Reforms include base revisions for Gross Domestic Product, Consumer Price Index and Index of Industrial Production; adoption of metadata, quality-assessment and classification standards; and alignment with international statistical principles and methodologies. Sustainable development indicators and infrastructure monitoring are supported through a national indicator framework, PAIMANA and a standardised performance dashboard.
    August 3, 2026
    Govt hikes windfall gains tax on petrol, diesel, ATF exports
    Show AI Summary
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    August 3, 2026
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    Show AI Summary
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    August 3, 2026
    Yellow.ai, a Global Leader in Enterprise Agentic AI, to Go Public via $550 Million Merger with Bluerock Acquisition Corp.
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    August 3, 2026
    Shri Piyush Goyal Invites Indian and Uzbek Businesses to Co-invest and Co-manufacture; Calls for Doubling Bilateral Trade at India-Uzbekistan Business Forum
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    August 3, 2026
    India achieves near-universal banking coverage, with 99.92% of inhabited villages now served by a banking outlet
    Show AI Summary
    Banking inclusion expands rural access while digital credit systems and payment security controls address service delivery and cyber fraud.
    Banking inclusion is pursued by providing banking outlets within a five-kilometre radius of inhabited villages, with branch expansion permitted subject to rural-coverage requirements and continuing assessment of uncovered areas. Agricultural credit delivery uses digital loan, beneficiary-verification, processing and claim-settlement systems. Digital payment security measures require minimum controls for payment channels and include fraud-intelligence sharing, artificial-intelligence-based identification of money-mule activity, digital lending-app analysis, cyber-incident reporting, public awareness campaigns and electronic-banking training.
    August 3, 2026
    Rupee rises for 6th day, gains 12 paise to 95.31 against US dollar as crude drops
    Show AI Summary
    Foreign exchange market movement strengthened the rupee as lower crude prices, investment inflows and improved risk sentiment provided support.
    Foreign exchange market movement saw the rupee strengthen for a sixth consecutive trading session against the US dollar, supported by declining global crude oil prices, a softer dollar, foreign institutional investment inflows and gains in domestic equity markets. Improved global risk sentiment followed the decision to defer planned US military strikes against Iran and allow diplomatic engagement. Renewed geopolitical tensions were identified as a factor that could limit further appreciation.
    August 3, 2026
    ACE Software Posts Earnings Turnaround; Standalone Profit Before Tax Up 43% YoY
    Show AI Summary
    Quarterly financial performance reflects revenue growth, improved standalone profitability, and continued investment in AI-led digital technology platforms.
    Quarterly financial performance reported revenue growth in standalone and consolidated operations, higher standalone profit before tax, and a return to consolidated profitability. The company continues to invest in an AI-led, intellectual-property-driven digital technology strategy through enterprise software, SaaS platforms, digital commerce, cloud, data and AI solutions. Its priorities include scalable platforms, proprietary technology assets, recurring-revenue offerings, partnerships and selective acquisitions. Complete financial results, notes to accounts and regulatory disclosures are available through exchange filings and the company website.
    August 3, 2026
    Rajya Sabha passes bill to tackle payment delays faced by MSMEs amid Opposition protests
    Show AI Summary
    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
    MPC's 3-day meeting begins amid expectations of status quo on interest rates
    Show AI Summary
    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
    Trane Technologies Reports Strong Second Quarter Results; Raises Full-Year Revenue and EPS Guidance
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    August 3, 2026
    CBN dismantles inter-state counterfeit drug network in Bihar under Operation Vajra; mastermind arrested
    Show AI Summary
    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
    DRI seizes quantities of gold; drugs, e-cigarettes and other contraband in pan-India Ops; 20 persons, including 5 foreign nationals, arrested
    Show AI Summary
    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
    Union Government releases tax devolution of ₹1,09,019 crore to State Governments, as one advance instalment to accelerate their capital and developmental expenditure
    Show AI Summary
    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
    Raymond Lifestyle Limited Delivered a stable Q1 FY27 Performance
    Show AI Summary
    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
    Rupee rises 31 paise to 95.12 against US dollar in early trade
    Show AI Summary
    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.

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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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