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    Raymond Lifestyle Limited Delivered a stable Q1 FY27 Performance
    Rupee rises 31 paise to 95.12 against US dollar in early trade
    Customs seizes 8 kg gold worth over Rs 11 cr at Kerala airports in one week
    Drill, Baby, Drill: India to fund Rs 650 cr per well for 60 deepsea wells to break its oil import habit
    Punjab GST revenue rises 20 pc to Rs 10,447 crore in April-July: Cheema
    India-China trade through Shipli La resumes after six years
    Odisha's export can reach USD 50 billion by FY 2029-30: Study
    Andhra records 21 per cent growth in net GST collections till July
    J&K crime branch chargesheets accused in separate bank, insurance fraud cases
    MCD-facilitated PM Vishwakarma Scheme enrols over 41,000 artisans in Delhi
    Gross GST mop-up grows 15.4 pc to over Rs 2.11 lakh cr in July on higher imports, sales
    Gross and Net GST revenue collections for the month of July, 2026
    India and Rwanda Hold First Joint Trade Committee Meeting to Deepen Bilateral Trade and Investment Cooperation
    West Bengal GST collection rises 2 pc in July to Rs 5,564 crore
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    RBI says USD 40.82 bn mobilised under forex swap facility till Jul 31
    Sebi bars ZEEL for 2 months, Subhash Chandra, Punit Goenka for 1 year in Hyderabad land pledge case
    Department of Commerce Holds Workshop on Trade and Sustainable Development Policy Landscape
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    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
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    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
    Show AI Summary
    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.
    August 1, 2026
    Show AI Summary
    GST collection growth reflects higher revenue mobilisation from domestic transactions and imports, with refunds adjusted in net revenue.
    Goods and Services Tax collections increased in July, driven by higher revenue from domestic transactions and imports. The gross collection comprised Central GST, State GST and Integrated GST components. Refunds also increased during the month, and net GST revenue was determined after adjustment of refund outflows from gross tax receipts.
    August 1, 2026
    Show AI Summary
    Concessional foreign-exchange swaps encourage bank deposits and foreign borrowings to strengthen balance-of-payments resilience and foreign-exchange liquidity.
    The Reserve Bank of India introduced a concessional foreign-exchange swap facility to encourage foreign-currency inflows, strengthen the balance of payments and support foreign-exchange liquidity. The facility applies to fresh Foreign Currency Non-Resident (Bank) deposits, Overseas Foreign Currency Borrowings and External Commercial Borrowings. Foreign Currency Non-Resident (Bank) deposits constitute the principal source of inflows mobilised under the arrangement. The facility is available for specified time-bound periods, with a later availability period for Overseas Foreign Currency Borrowings and External Commercial Borrowings.
    August 1, 2026
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    Unauthorised pledge of listed-company land triggered securities-market bars for disclosure failures and misuse of management authority.
    Unauthorised pledge of ZEEL's Hyderabad land as security for loans obtained by promoter-linked entities was treated as a related-party transaction lacking prior audit committee approval. ZEEL failed to disclose the land's deployment in its financial statements. Its Chairman Emeritus was stated to have transferred title deeds by falsely representing management approval and to have concealed the transaction's nature. Securities-market prohibitions and monetary penalties were imposed with immediate effect.
    August 1, 2026
    Show AI Summary
    Trade and sustainable development policy integrates carbon regulation, sustainability standards and domestic frameworks to strengthen trade competitiveness and preparedness.
    Trade and Sustainable Development policy was examined in relation to international trade disciplines, sustainability regulation and India's trade strategy. Discussions considered carbon markets, carbon pricing, carbon border adjustment measures, sustainability standards and regulatory cooperation, and their implications for trade and industrial competitiveness. Domestic mechanisms, including the Carbon Credit Trading Scheme, Indian Carbon Market, Extended Producer Responsibility framework, and accreditation and conformity assessment systems, were considered for strengthening preparedness for emerging sustainability-related trade disciplines.
    August 1, 2026
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    Digital public procurement engagement begins with stakeholder events promoting transparent, efficient and inclusive marketplace governance.
    Government e-Marketplace launched ten-day celebrations preceding its tenth Foundation Day, including a commemorative logo, stakeholder events and recognition of employees, buyers and sellers. The programme begins a year-long nationwide outreach initiative bringing together buyers, sellers, policymakers, industry representatives and ecosystem partners through events, dialogues and collaborative platforms. Its stated focus is technology-enabled, transparent, efficient and inclusive public procurement.
    July 31, 2026
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    Strategic trade controls require dual-use exports to comply with national law and international obligations amid arms-transfer allegations.
    Strategic trade controls governing dual-use exports require Indian exports of dual-use items and technologies to comply with national law and India's international obligations. The stated framework applies to exports to various countries. In response to allegations concerning supplies to Israel, the position notes calls for an arms embargo covering direct or indirect transfers of arms and military material, including weapons, ammunition, parts and components, without determining the underlying allegations.

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      How Trump could answer Palestinian question

      January 13, 2025

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      Sydney, Jan 13 (360info) The re-election of Donald Trump as the next US President was greeted in the Middle East with a mixture of rapture and dread, especially among Palestinians.

      While it is impossible to know exactly how a second Trump Presidency will act toward the Palestinian people and their demands for statehood, his first Presidency provides a guide to what they might expect.

      Like all his predecessors, in his first term, President Trump’s dealings with Israelis and Palestinians were overwhelmingly influenced by domestic political pressures, which meant unwavering support for Israel. However, true to the nature of his norm-breaking first term, Trump often dismissed long-held diplomatic norms in search of a resolution to the Palestinian/Israeli conflict.

      By doing so, his Administration sought to remove any obstacles to “peace” between Palestinians and Israelis – a “peace” that would paradoxically see the end of any hope for a Palestinian state.

      In 2017, the US announced that its embassy in Israel would relocate from Tel Aviv to West Jerusalem. While Israelis celebrated this news, it ran against diplomatic conventions concerning the status of Jerusalem, which had been in operation since 1967.

      Jerusalem divided The 1948 War of Independence divided Jerusalem, with East Jerusalem controlled by Jordan and West Jerusalem by Israel. When Israel captured East Jerusalem in 1967, it was hugely symbolic because it meant that for the first time in almost two millennia, Jews controlled all the ideologically, religiously, politically, and culturally significant city of Jerusalem.

      Nevertheless, the international community refused to accept Israel’s occupation nor its subsequent annexation of East Jerusalem in 1980, declaring that the negotiations concerning the two-state solution would decide the fate of Jerusalem. Consequently, most states have their embassies in Tel Aviv. Palestinians and Israelis interpreted the Trump administration’s decision as US recognition of Israeli sovereignty of all Jerusalem.

      Second, in November 2019, the Trump administration declared that Israeli settlements in the West Bank and East Jerusalem were consistent with international law. Israel began building settlements in the West Bank and East Jerusalem soon after their victory in the 1967 War.

      Settlements expanding According to Peace Now, in 2023, approximately 465,000 Israeli settlers were living in the West Bank, located in over 350 settlements and outposts. There were also an additional 230,000 Israelis living in settlements in East Jerusalem.

      The administration’s decision mirrored the long-held Israeli legal argument that the settlements are not illegal because the international community never deemed Jordan’s occupation of the West Bank and East Jerusalem as legal. As these territories were not part of Jordan’s sovereign territory, they could not be “occupied” by Israel, meaning it could settle the land as it wished.

      Nevertheless, this position ran contrary to Article 49 of the Fourth Geneva Convention, which states that: “the Occupying power shall not deport or transfer parts of its civilian population into the territory it occupied.” Consequently, the international community, including the United Nations, the International Criminal Court (ICC), and the International Court of Justice (ICJ), has consistently deemed Israeli settlements as illegal and as impediments to any peace agreement between Palestinians and Israelis.

      However, the administration’s rationale for its decision was that declaring the settlements illegal only restrains and impedes the negotiation process and, thus, any progress towards a successful resolution of the Palestinian/Israeli conflict.

      Around the same time, the Trump administration announced that it would no longer contribute funding to the United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA), the principal UN aid agency for Palestinians.

      What followed was a budget cut of 30%, culminating in profound humanitarian effects on Palestinians, especially for Gazans, who relied heavily on UNRWA’s provision of essential services to survive after Israel placed the Strip under siege following Hamas’s election victory in 2006.

      Again, the administration’s position mirrored that of the Israeli government, which has long criticised UNRWA for allegedly supporting terrorism. Pointedly, Israel’s position is motivated by its belief that UNRWA’s aid undercut its ability to manipulate Hamas’s government in Gaza by determining how much assistance it let into the Strip. UNRWA also reports back to the UN about the dire humanitarian situation in the Occupied Palestinian Territory , highlighting the deprivations and human rights abuses of Israel’s occupation and siege.

      Trump’s “Deal of the Century” In 2020, the Trump Administration published its so-called “Deal of the Century”, intending to resolve the Palestinian/Israeli conflict finally. However, Palestinians rejected the plan outright, incensed by proposals to rescind Jordanian custody of Haram al-Sharif and transfer control to Israel.

      Haram al-Sharif, or the Dome of the Rock mosque, is the third holiest site in Islam. When Jordan signed a peace agreement with Israel in 1994, Israel agreed to recognise Jordan’s custodianship of the Muslim holy sites in Jerusalem, specifically Haram al-Sharif. Rescinding control of Haram al-Sharif to Israel meant it would control all the disputed city.

      Importantly, for Palestinians in any peace agreement with Israel, East Jerusalem would become the capital of the future Palestinian state — without East Jerusalem, there can be no Palestine.

      While things changed marginally under the Biden Administration, the asymmetry between Palestinians and Israelis increased dramatically following the October 7 attacks. Given Trump’s overwhelming support for Israel, there is little indication that Palestinians will be given equitable treatment in his second term.

      How far does Trump’s support for Israel go? During the Presidential campaign, Trump stated on several occasions that he wanted Israel to win the war quickly. On 3 December, Trump posted on social media that Hamas needed to release all remaining hostages before he took office on 20 January 2025. Otherwise, there would be “hell to pay in the Middle East, and for those in charge…”.

      While it is uncertain exactly what this may entail, the incoming Administration would likely support Israel’s efforts to find those hostages, irrespective of what that might involve. The future is equally bleak for the prospects of a Palestinian state, with Israel’s ultra-nationalist Finance Minister, Bezalel Smotrich, issuing a statement soon after Trump’s re-election voicing his hope that the incoming Administration would support Israel’s claim of sovereignty over all the West Bank. Smotrich also oversees the administration of Israel’s occupation of the West Bank and East Jerusalem.

      Soon after issuing the statement, he instructed the Israeli Defence Ministry’s Settlement Directorate and Civil Administration to prepare for annexation. Any such move would sound the death knell for any Palestinian state.

      The only saving grace for Palestinians is that any annexation would almost certainly create a diplomatic storm throughout the Arab world, especially in light of the ICC accusing Netanyahu and his Defence Minister, Yoav Gallant, of war crimes and crimes against humanity due to Israel’s actions in Gaza and the West Bank that have seen more than 45,000 Palestinians killed.

      The last time that the Arab world felt so aggrieved and diplomatically embarrassed was after the 1967 and 1973 Wars. Following the 1967 War, Egypt closed the Suez Canal for eight years, while after the 1973 War, OPEC implemented a 5-month oil embargo on all states that supported Israel, including the US, creating an international energy crisis. A repeat of either or both scenarios would be catastrophic for global trade.

      Whether President Trump would risk such a calamity by supporting Israel’s ultra-nationalist agenda is again uncertain. What is more certain is that the President holds little respect for diplomatic conventions and considers himself a deal-maker, meaning that he could indeed gamble on being able to make the Arab world bend to his diplomatic will without having to compromise too much on US support for Israel. (360info) SCY SCY SCY

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