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    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
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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
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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
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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
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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.
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.

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Customs, DGFT & SEZ

Bharat Mobility Global Expo 2025 witnesses an overwhelming response

January 20, 2025

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Over 90 launches done on the first two days at Bharat Mandapam

The second day of Bharat Mobility Global Expo 2025 witnessed the launch of 56 new products from 22 different brands at Bharat Mandapam, Pragati Maidan, New Delhi and 5 launches at Yashobhoomi, Dwarka. Various advanced vehicles, cutting-edge mobility solutions, and the latest components were showcased ranging from super bikes, cars, to buses and even ambulances.

On the second day at Bharat Mandapam, VinFast Auto India announced the launch of its first two electric vehicles for the Indian market, the all-electric Premium SUVs, the VF 7 and VF 6.

BMW India launched the all-new MINI Cooper S John Cooper Works Pack at an ex-showroom price of Rs. 55,90,000 and BMW X3 at an ex-showroom price of Rs. 75,80,000 – Rs. 77,80,000. Additionally, BMW Motorrad India launched two new bikes in the Indian market, the new BMW S 1000 RR and the BMW R 1300 GS Adventure. The S 1000 RR super sport bike will be available in India at an introductory ex-showroom price starting from Rs. 21,10,000. While the R 1300 GS Adventure (Base) introductory ex-showroom price will start from Rs. 22,95,000.

JSW MG Motor India showcased 9 advanced models, launching MG Majestor. The showcased products include Hybrid Electric Vehicles (HEVs), Plug-in Hybrid Electric Vehicles (PHEVs), Battery Electric Vehicles (BEVs), and Internal Combustion Engine (ICE). Highlights included the IM5 sedan, IM6 electric SUV, MG HS PHEV, and MG7 Trophy Edition, showcasing cutting-edge technology and sustainable mobility​.

Eka Mobility showcased India’s largest ever range of electric commercial vehicles, which includes over 11 distinct platforms spanning electric buses, trucks, and small commercial vehicles (SCVs). Launching the brand new EKA- Connect for the Indian market. Their bus portfolio included EKA COACH, EKA 12M, EKA 9M, EKA LF (Low Floor), and EKA 9M. Electric Trucks include EKA 55T and EKA 7T, while EKA 3.5T, 2.5T, 1.5T, EKA 3W CARGO, EKA 6S, and EKA 3S were unveiled under their SCV Range.

BYD India launched BYD SEALION 7 Pure Performance eSUV at the Bharat Mobility Global Expo 2025. Additionally, BYD India also showcased the BYD SEALION 6, BYD Super Plug-in Hybrid EV with DM-i technology, and the stunning Yangwang U8.

JBM Electric Vehicles launched 4 all-new electric buses on the second day of the Auto Expo 2025, ranging from luxury coach, and medical mobile unit to electric tarmac coach, among others. Highlights of the launch were Galaxy; electric luxury coach, Xpress; an intercity bus, e-MediLife; Low Floor Electric Medical Mobile Unit, and e-SkyLife; 9-meter electric tarmac coach.

Montra Electric (TI Clean Mobility) launched ‘EVIATOR’ (e SCV) and Super Cargo (e 3-Wheeler) in the presence of the entire leadership team of the brand.

Hyundai Motor Company launched 2 concept models of advanced electric three-wheeler and micro four-wheeler on the second day. Along with exploring contributions to the last-mile mobility market in India together with TVS Motor Company Ltd. (TVS Motor).

Pinnacle Industries launched its next-generation ambulance range at the Bharat Mobility Global Expo 2025. The new range includes three cutting-edge ambulance models: AD-Gen Ultra, AD-Gen Ambulance, and Neonatal Ambulance.

Numeros Motors today launched its multipurpose and reliable e-scooter ‘Diplos Max’ at an introductory ex-showroom price (Bangalore) of Rs. 1,09,999, including the PM e-drive scheme. Alongside, the company unveiled another unique platform which will be India’s first Bike-Scooter Crossover.

India’s first solar electric car ‘Eva’ was launched today by Vayve Mobility, at an introductory price of Rs 3.25 lakh (ex-showroom). The solar electric car will be available in three different options: 9 kilowatt-hour (Whr), 12 kWhr and 18 k Whr with prices ranging between Rs 3.25 lakh (ex-showroom) and Rs 5.99 lakh (ex-showroom).

SML Isuzu launched the Hiroi.EV while presenting 4 other products including AASAI MX, Premium Hiroi Bus, ATS-125 Multi stretcher ambulance, and the Samrat XT Plus Tipper.

Cummins Group in India (“Cummins”) announced the launch of its next-generation HELM™ (Higher Efficiency, Lower emissions, Multiple fuels) engine platforms, with the high-performance L10 engine, along with, an advanced Hydrogen Fuel Delivery System (FDS) with Type IV on-vehicle storage vessels and the innovative B6.7N natural gas engine.

Godawari Electric Motors Pvt. Ltd. unveiled new additions to its product portfolio at the Bharat Mobility Global Show 2025. The company unveiled the Eblu Feo Z, Eblu Feo DX, and launched the Eblu Rozee ECO. The Eblu Rozee ECO is priced at INR 2,95,999/- (ex-showroom). To improve customer convenience, the company also announced the release of the EbluCare app. An innovative smartphone app called EbluCare has been designed to managing electric vehicles (EVs) easier.

Sarla Aviation unveiled its first-ever product and India’s first flying taxi- Shunya on the second day.

Motovolt Mobility unveiled a range of electric vehicles. The lineup includes the Hyper One, India’s first digital pedal motorbike, and the HUM NYC, a multi-utility speed pedelec tailored for demanding last-mile delivery needs. The versatile M7 and its sporty variant, M7 Rally, cater to both logistics and personal commuting, while the innovative CLIP, a portable e-bike conversion kit, enables seamless e-mobility for existing bicycles.

Olectra Green Tech Limited unveiled a 12-meter Blade Battery Platform, a 9-meter City Bus, 12-meter Coach Bus, and Blade Battery Chassis. These products are underpinned by cutting-edge technology and inclusive design.

Omega Seiki Pvt. Ltd. launched the M1KA 1.0 electric truck, priced at INR 6,99,000, at the Bharat Mobility 2025 exhibition. The company also unveiled the upcoming M1KA 3.0 model and presented the upgraded 2025 Stream City, a next-generation electric passenger vehicle.

On the first day of ‘The Components Show’, the exhibitors launched over 5 products and unveiled over 7 automotive solutions.

Amongst the launches, ICON Autocraft Private Limited introduced three cutting-edge automotive solutions: Truck Master, an advanced wheel alignment system for trucks and buses; SX 119 Pro Duo LNL, the ultimate tyre changer; and Advanced Driver Assistance Systems (ADAS) for cars.

Supreme launched advanced automotive audio products, including the: Morel Supremo Special Edition, a flagship speaker system featuring underhung voice coils and copper sleeves to reduce harmonic distortion, Morel New Active DSP Integration Solution, a compact amplifier that ensures seamless integration with OEM systems and Onkyo Range of Wiring Accessories for high-fidelity audio setups.

ASK Automotive showcased a range of cutting-edge products and technological advancements, including the launch of the AISIN ASK Product Range. AISIN ASK India Private Limited, a joint venture of ASK Automotive Limited, introduced innovative passenger car products for the Independent Aftermarket sector, marking ASK Automotive's debut in the 4-wheeler passenger car market across India, Nepal, Sri Lanka, and Bangladesh.

ZF announced the India launch of its next-generation digital fleet management platform, SCALAR which offers cutting-edge features to optimise the operations of commercial fleets, enhancing efficiency, safety, and sustainability for both passenger and cargo transport. They also showcased their X-by-Wire for the first time in India, enabling greater vehicle customization and enhanced safety features.

Bharat Mobility Global Expo 2025 is set to be a landmark event uniting the entire Indian automotive and mobility ecosystem under one roof. Scheduled from January 17th to 22nd, 2025, across three premier venues—Bharat Mandapam in New Delhi, Yashobhoomi in Dwarka, and India Expo Mart in Greater Noida. The inauguration at Bharat Mandapam, New Delhi, was done by Hon’ble PM Shri Narendra Modi. The expo is spanning over 200,000 square meters, featuring 1,500+ exhibitors and attracting over 500,000 visitors. Organized by EEPC in collaboration with leading industry associations such as SIAM, ACMA, ICEMA, ATMA, IESA, NASSCOM, ISA, MRAI, and CII, the event brings together key players from sectors including automotive manufacturing, e-mobility, construction equipment, battery technology, urban mobility, and software innovation, offering a comprehensive showcase of India's mobility value chain. Distinguished by its nine concurrent shows, 20+ conferences, and exclusive pavilions on sustainability, decarbonization, and technology, Bharat Mobility highlights cutting-edge advancements while fostering collaborations. Visitors can register free of charge through dedicated mobile apps, making the event a must-attend for industry professionals and enthusiasts alike.

EEPC India, established in 1955, is the premier trade and investment promotion organization for the Indian engineering sector, sponsored by the Ministry of Commerce & Industry, Government of India. Over its 69-year history, EEPC has played a pivotal role in driving India’s engineering exports, growing from a modest $10 million in 1955 to USD 109.32 billion in FY 2023-24. It is recognized as a model Export Promotion Council (EPC) by the Union Ministry of Commerce and Industry. With a membership base of approximately 9,500, predominantly MSMEs, EEPC India facilitates global business integration through activities like Buyer-Seller Meets (BSMs), Reverse BSMs, and participation in international exhibitions. Flagship events such as the International Engineering Sourcing Show (IESS) and the Indian Engineering Exhibition (INDEE) showcase India’s engineering capabilities globally. Committed to advancing industry standards, EEPC India supports technology upgrades, engages with policymakers, and provides insights through reports and studies, including the Export Strategy Paper 2023, outlining a roadmap to achieve USD 300 billion in engineering exports by 2030.

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