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    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
    Gross GST collection kitty swells 15.4 pc to over Rs 2.11 lakh cr in July
    RBI says USD 40.82 bn mobilised under forex swap facility till Jul 31
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    Closely monitoring: India on US bill seeking up to 100 % tariffs on purchasers of Russian oil
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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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    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
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    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
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    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
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    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.
    July 31, 2026
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    Greenfield airport development under a public-private partnership advances licensed international passenger, cargo, logistics, and sustainable infrastructure.
    A greenfield international airport is being developed under a Public-Private Partnership and Design, Build, Finance, Operate and Transfer framework, with airport, aviation-hub, education and supporting infrastructure components. The airport has obtained an aerodrome licence and required safety, fire and environmental clearances. Passenger, airfield and terminal systems are designed for domestic and international operations. A cargo terminal with cold-chain facilities and integration with port, industrial-corridor and logistics networks are intended to strengthen exports and air-cargo logistics. Recycled-water use and LEED Platinum development standards form part of its environmental measures.
    July 31, 2026
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    Regulatory and legal developments cover trade measures, legislative action, offshore exploration support, court directions and platform algorithm scrutiny.
    The compilation reports proposed United States tariff measures concerning purchasers of Russian oil and gas, India-United Kingdom trade engagement, extension of farmer-support measures, and approval of offshore exploration support. It also covers passage of the Registration of Births and Deaths (Amendment) Bill, 2026, a privilege-motion notice, a criminal sentencing, and directions to appoint a nodal officer for families affected by the Russia-Ukraine war. Regulatory items include industrial credit data and examination of social-media algorithms, bias and public-order implications.
    July 31, 2026
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    Russian oil purchases may trigger proposed targeted tariffs, with periodic reassessment based on countries' purchasing behaviour.
    Proposed United States measures would authorise sanctions against Russia and persons supporting its war in Ukraine, while permitting targeted tariffs on imports from countries purchasing substantial volumes of Russian oil or gas or facilitating sanctions evasion. The framework identifies major purchasers and shadow-fleet facilitators for possible additional tariffs and provides for periodic reassessment and tariff adjustments based on purchasing behaviour. India stated that its energy-security policy rests on national priorities and diversified energy sources.
    July 31, 2026
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    Money-laundering proceedings face challenge over absent predicate offence, alleged lack of criminal intent, and treatment of related FIRs.
    Money-laundering proceedings linked to alleged diversion of homebuyer funds are challenged on the ground that no scheduled offence or criminal intent is attributable to the petitioner. The petitioner relies on his asserted exoneration in two predicate FIRs, where charge sheets did not name him, and settlement of the remaining FIR. Notice was issued for a response and status report, and the petitioner undertook to cooperate with the investigation.
    July 31, 2026
    Show AI Summary
    Rupee appreciation reflected foreign capital inflows and central bank support, tempered by crude prices and geopolitical tensions.
    Rupee appreciation against the US dollar was linked to sustained foreign capital inflows and Reserve Bank support through dollar selling. Higher crude oil prices, a stronger US dollar and geopolitical tensions in West Asia constrained further gains. A slightly positive near-term rupee bias was associated with softer dollar conditions, dovish US monetary expectations, favourable global markets and improved foreign inflows, while geopolitical risks remained relevant. Domestic equity indices rose, foreign-exchange reserves increased, and fiscal-deficit data showed the central government's position against its full-year target.
    July 31, 2026
    Show AI Summary
    India-UK trade agreement enables duty-free access and bilateral cooperation on investment, technology, and strategic partnership.
    The India-UK Comprehensive Economic and Trade Agreement provides zero-duty market access in the UK for nearly 99 per cent of India's exports and is intended to expand bilateral trade and investment opportunities. The governments committed to maximise its benefits through the Comprehensive Strategic Partnership, including cooperation on technology, innovation, security, clean energy, education and people-to-people links. Advanced technology collaboration, including artificial intelligence, is also contemplated.
    July 31, 2026
    Show AI Summary
    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
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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.

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      As Trump returns to White House, his family circle has different look

      January 18, 2025

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      Washington, Jan 18 (AP) When Donald Trump returns to the White House on Monday, his family circle will look a little different than it did when he first arrived eight years ago.

      His youngest son, Barron, was in fifth grade back then. He's now a college freshman who towers over his 6-foot-plus dad.

      Granddaughter Kai, who was 9 in 2017, is now an aspiring social media influencer and impressive golfer. Grandson Joseph, who posed in Trump's lap with a Lego model of the White House last time, is 11 now.

      The most prominent relatives in Trump's political sphere, daughter Ivanka and her husband Jared, are in Florida this time around after working in his first administration.

      Family members can provide presidents with a ready source of moral and sounding-board support, companionship and even relief from the world's problems.

      Not to mention creating headaches for the president at times, too.

      "Family can do things that other people can't, and they can be trusted in a way that other people also can't," Tevi Troy, a former George W. Bush administration official and author of several books about the presidency, said.

      "Everyone needs someone they can talk to late at night when you let your hair down, so to speak." The president-elect has five children -- three of whom are married -- from his marriages to Ivana Trump, Marla Maples and current wife Melania Trump.

      He has 10 grandkids, with an 11th on the way.

      Here's a look at Trump's family circle, then and now: Melania Trump THEN: She spent the opening months of Trump's term at the family's Manhattan penthouse so that 11-year-old Barron wouldn't have to switch schools in the middle of the year.

      After moving to the White House, she travelled around the United States and to other countries, alone and with Trump, partly to promote her "Be Best" children's initiative while fiercely guarding her privacy.

      NOW: She avoided active campaigning during Trump's 2024 run, limiting her public appearances to key moments, such as the campaign's launch, the Republican National Convention and election night.

      She released a self-titled memoir late last year and will be the subject of a documentary distributed by Amazon Prime Video that is expected to be released later this year.

      While some doubt that Trump's 54-year-old wife will spend much time at the White House, she said on Fox News' "Fox and Friends" that she has already packed and picked out the furniture she wants to take to the executive mansion.

      His children: Donald Trump Jr THEN: Trump's eldest son, now 46, campaigned for his father in 2016 and 2020.

      NOW: Trump Jr's influence has grown to the point that he lobbied his father to choose close friend JD Vance for vice-president. He also pushed for former Democratic Rep Tulsi Gabbard and Robert F Kennedy Jr, the president-elect's picks for director of national intelligence and health and human services, respectively.

      Trump Jr helps run the family real-estate business and is an honourary chairman of Trump's transition. He has a podcast and has said his role is to prevent "bad actors" from getting into the administration.

      He recently flew on his father's airplane to Greenland; the president-elect has expressed a desire to take control of the mineral-rich Danish territory.

      Trump Jr has five children -- or "smurfs", as he sometimes refers to them -- with his former wife Vanessa Trump. They are Kai Madison, 17, Donald John III, 15, Tristan Milos, 13, Spencer Frederick, 12, and Chloe Sophia Trump, 10.

      Ivanka Trump THEN: Ivanka, 43, campaigned for her father in 2016 and moved her family from New York City to Washington to work in the White House as a senior advisor. She was on the campaign trail in 2020, too, but she and her family moved to Florida and retreated from the spotlight after his loss.

      NOW: As Trump geared up for the 2024 run, Ivanka announced that she loved and supported him but was getting out of politics to focus on her husband and their three kids. She did, however, join her father and other family members on election night and when he rang the bell at the New York Stock Exchange in early December after Time magazine named him "Person of the Year".

      She told "The Skinny Confidential" podcast that this time around she just wanted to "show up for him as a daughter" and be there to watch a movie or a sports game.

      Ivanka and her husband have three children: Arabella Rose, 13, Joseph Frederick, 11, and Theodore James Kushner, 8.

      Eric Trump THEN: The 40-year-old helped run the family business and participated in his father's campaigns.

      NOW: Eric is also an honourary chair of the transition and a close advisor to his father. But he continues to focus more on running the family business.

      In September, he and his brother started a crypto platform called World Liberty Financial, and their father helped launch it in an interview on X.

      Eric and his wife Lara have two children: Eric Luke, 7, and Carolina Dorothy Trump, 5.

      Tiffany Trump THEN: Trump's daughter with second wife Marla Maples was 23 and a recent University of Pennsylvania graduate who kept a low profile when Trump was first elected.

      NOW: She was more present in the 2024 campaign but still largely avoids the spotlight.

      Tiffany, 31, and her husband, Michael Boulos, are expecting their first child this year. Boulos is a businessman who travelled with Trump in the final stretch of the campaign.

      His father Massad Boulos, a Lebanese-American businessman, helped Trump with the influential Arab American community in the swing state of Michigan. Trump has named Massad Boulos to be a senior advisor on Arab and Middle Eastern affairs.

      Barron Trump THEN: At the start of Trump's first term, Barron and his mother stayed at the family's Trump Tower penthouse in Manhattan so he could finish his school year. When they got to Washington, his soccer net appeared in what's known as the first lady's garden.

      NOW: Barron, 18, is a freshman New York University business student. His parents and Trump campaign officials credit him for recommending podcasts popular with young men that the president-elect appeared on during the campaign.

      Barron will have a bedroom in the White House, Melania Trump said on "Fox and Friends".

      "I'm very proud of him, about his knowledge, even about politics and giving an advice to his father," his mother said on the programme.

      "He brought in so many young people. He knows his generation." Other family members in the spotlight: Lara Trump THEN: Trump's daughter-in-law, 42, campaigned for him during all his runs. After Trump lost to Democrat Joe Biden in 2020, she considered running for a US Senate seat from her home state of North Carolina but ultimately decided against it. She became a Fox News commentator.

      NOW: As Trump revved up his 2024 campaign, he installed his daughter-in-law as co-chair of the Republican National Committee, where she was a TV-ready advocate overseeing fundraising, voter outreach and the party's "election integrity" initiative.

      She stepped down from the RNC after the election and removed her name from consideration as a possible successor to Senator Marco Rubio, R-Fla, Trump's choice for secretary of state.

      Lara Trump is passionate about fitness and has her own line of activewear. She has also explored a side venture as a singer and has released some songs. Daughter Carolina is named after her home state.

      Jared Kushner THEN: Kushner, 44, was also a key figure in Trump's 2016 campaign. He joined his wife in the White House as a senior advisor, a role that included working on US policy toward Israel and the broader Middle East.

      NOW: Kushner has stepped out of the political spotlight -- but his father could soon step in. Trump announced after the election that he intends to nominate Charles Kushner, a real-estate developer, to be US ambassador to France.

      The elder Kushner was pardoned by Trump in December 2020 after he pleaded guilty years earlier to tax evasion and making illegal campaign contributions.

      Kai Trump THEN: Kai was in elementary school when her grandfather became president.

      NOW: Donald Trump Jr's 17-year-old granddaughter is an aspiring social media influencer. Her behind-the-scenes video from election night garnered 3.7 million views on YouTube. Other posts related to her grandfather have been watched millions more times on TikTok.

      Kai delivered her first public speech at the Republican convention and is an avid golfer who sometimes plays with her grandfather.

      "If I'm not on his team, he'll try to get inside of my head, and he's always surprised that I don't let him get to me. But I have to remind him, I'm a Trump, too," she said at the convention.

      Arabella Kushner THEN: Ivanka Trump and Jared Kushner's daughter was 6 when her grandfather showed China's Xi Jinping a video of her, in a traditional Chinese dress, belting out Chinese-language songs.

      "It's very good, right? She's very smart," Trump said.

      Xi responded that Arabella was her grandfather's "little angel" and a "messenger of China-US relations".

      NOW: Arabella is 13 and enjoys singing, playing the piano, horseback riding, and Brazilian jiu-jitsu, according to a social media post from her mother. (AP) ARI

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