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    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
    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
    GeM Launches 10-Day Celebrations Ahead of 10th Foundation Day, Unveils Commemorative Logo
    All Indian exports of dual-use items comply with international obligations: MEA
    PM Modi to inaugurate Bhogapuram Airport in Andhra on Aug 1
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    Closely monitoring: India on US bill seeking up to 100 % tariffs on purchasers of Russian oil
    Delhi HC seeks ED stand on Nayan Raheja's plea against money laundering case
    Rupee appreciates 7 paise to close at 95.43 against US dollar
    PM Modi, UK PM Burnham commit to harnessing full potential of mega trade deal
    ITC Q1 profit declines 15.6 pc to Rs 4,508.79 cr; non-cigarette FMCG posts robust growth
    Punjab extends deadline of one-time scheme for settling tax dues of pre-GST period till Sept 30
    PM Modi speaks to UK counterpart Burnham
    Bank credit to industry records robust growth of 19.2 pc in June: RBI data
    Delhi protesters' fingerprints collected from stones for identification via Aadhaar: BJP minister
    Cabinet approves Rs 84,084-cr offshore exploration scheme; govt to fund up to Rs 650 cr per well
    India's forex reserves jump USD 6.12 bn to USD 682.35 bn
    Jharkhand signs pact with CSC eStore to make SHG products made by women available online
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    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
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    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.
    July 31, 2026
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    Foreign exchange reserves increased as foreign currency assets and gold holdings rose, alongside measures to attract forex inflows.
    India's foreign exchange reserves increased during the reporting week, principally because foreign currency assets and gold reserves rose. Foreign currency assets, expressed in United States dollar terms, include valuation effects from movements in currencies such as the euro, pound and yen. Special Drawing Rights and the reserve position with the International Monetary Fund declined. Measures including the FCNR(B) measure were reported as efforts to attract foreign-exchange inflows following rupee pressure and dollar-sales intervention.
    July 31, 2026
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    Digital marketplace access for women's self-help group products expands e-commerce opportunities while panchayat-level citizen services are strengthened.
    Digital marketplace access for women's self-help group products is proposed through a memorandum of understanding between CSC eStore and the Jharkhand State Livelihood Promotion Society. Products marketed under the 'Palash' and 'Adiva' brands are intended to be offered through an e-commerce network to widen market access, support rural women's income and entrepreneurship, and strengthen the rural economy. Digital panchayat services are also being expanded through Common Service Centres, including banking, e-governance and Aadhaar-related services.

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      From Compliance to Culture: The Urgent Need for Electrical Safety in India's Manufacturing Industry

      January 20, 2025

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      Between 2017 and 2020, accidents in India's factories led to an average of three deaths and 11 injuries every day. Even more troubling, electrical accidents account for nearly 13 electrocution fatalities daily, the highest in any country in the world. The Central Electricity Authority (CEA) data further reveals that almost 40% of workplace fatalities are caused by electrical issues, a matter of grave concern.

      Having said that, India's manufacturing sector is growing rapidly with an expected expansion of 5% in 2024 and an increase in its share to 25% of the national economy by 2025. Employment in the sector is also on the rise, increasing by 7.5% in 2022-23 alone. However, as manufacturing surges, it is putting more and more workers at risk. If India is to achieve its vision of becoming a global manufacturing hub, electrical safety must become front and centre.

      Embracing Safety as a Foundational Element Recognising this, Polycab, India’s largest manufacturer of wires and cables, in partnership with CNBC-TV18, has launched Infra Safety: Powering India's Electrical Future, a series of conclaves to address the urgent need for electrical safety in the country. After holding the first conclave of this pioneering initiative in Mumbai in December 2024, Polycab presented the second Infra Safety Conclave in Chennai on January 7, 2025.

      The discussions focused on manufacturing safety with experts from diverse sectors sharing their valuable insights. They included Gopa Kumar S, President of the National Federation of Engineers for Electrical Safety, A Thanapal, Assistant District Officer, Tamil Nadu Fire and Rescue service, and R. Balakrishnan, VP & Head, MEP design, L&T. The manufacturing sector was represented by Srivats Ram, Managing Director, Wheels India and Chairman, CII, Tamil Nadu, and RA Krishnakumar, COO, Chettinad Cement Corporation. They were joined by Polycab’s Executive Director Nikhil Jaisinghani and Executive President & Chief Business Officer Bhushan Sawhney.

      The panelists emphasized the importance of safety standards, system audits, and reliable electrical infrastructure. The conclave also highlighted innovations such as IoT and advanced cabling solutions as the drivers of an electrically safer and more sustainable manufacturing future for India.

      Prioritizing Electrical Safety Electrical safety in manufacturing must be seen as a strategic priority, not just an afterthought, stated the panelists. While initiatives such as Make in India 2.0 and Aatmanirbhar Bharat have laid the foundation for industrial growth and advancement, it is imperative for India’s manufacturing sector to turn its focus on the critical role that electrical safety will play in this progress.

      Harish Bhardwaj, National Head, Industry Vertical, Polycab, highlighted the severity of electrical accidents in the country. He noted: "The statistics are clear. Electrical accidents claim more than 5,000 lives annually. And productivity losses from disruptive power can pull down revenues by 5-10%. These are not mere numbers; they represent the human and economic cost of safety lapses." The path to a safer, more sustainable manufacturing future requires collective effort, however. This requires collaboration between the government, industry leaders, safety experts and companies, and is essential to drive change and create a culture of safety in the country’s workforce.

      Infra-Safety: A Critical Imperative in Nation’s Progress Story Pointing to India's growing attractiveness as a global manufacturing sector, which will be pivotal for the country's growth trajectory, Mr Bhardwaj noted: "Foreign direct investments in the country have grown substantially by about 69% over the last decade. Along with this, there is also a huge need for infrastructure growth, and the government has been investing significantly in this space." At the same time, India’s manufacturing scale-up requires a matching scale-up in safety with the embrace of modern safety standards. "India is a great place to set up manufacturing," said Srivats Ram, Managing Director of Wheels India and Chairman, CII, Tamil Nadu. "But as we grow and become more competitive, it is essential to instil a safety culture in manufacturing to ensure we grow safely." While India's competitive advantage lies in its large pool of skilled talent, by embedding safety and skill development into manufacturing practices, the country can build a safer, more efficient industry for long-term success.

      From Reactive to Proactive The conclave explored critical aspects of electrical safety in the Indian manufacturing sector, emphasizing the sector's preparedness to meet global safety standards, the challenges faced by manufacturers, and how these challenges could be turned into opportunities for growth and global competitiveness.

      Chettinad Cement’s R A Krishnakumar highlighted a positive change in the sector’s approach to electrical safety. "Earlier, we had a reactive approach to safety, but we have become more proactive today," he noted.

      While acknowledging this trend, R. Balakrishnan, VP & Head of MEP Design, L&T pointed out the challenges faced by MSMEs with cost constraints and the lack of skilled manpower acting as significant barriers. "The speed at which we adopt and practice safety measures will determine our global standing. However, for MSMEs, limited resources and awareness often hinder progress," he said.

      Regulation and compliance The Ministry of Heavy Industries' upcoming regulation, effective August 2025, aims to standardize Indian practices with global norms. While this regulation will cover over 50,000 types of machinery, smaller manufacturers may face challenges with compliance costs and timelines.

      Placing the need for robust safety audits and regulations in the context of the country’s emergence as an export hub, Gopa Kumar S., President of the National Federation of Engineers for Electrical Safety, pointed out: "When it comes to exports, a strong audit team often evaluates manufacturing facilities to ensure compliance with international requirements.”. Hence, the panelists urged the government to introduce subsidies and rewards for factories with exemplary safety records.

      Another recurrent theme was the need to foster awareness of the importance of electrical safety. In a fireside chat, Bhushan Sawhney, Executive President & Chief Business Officer, Polycab, succinctly stated: “India needs to bring in a safety culture which is different from having procedures and processes. This means that when people do their daily grind, they think about the safest way to do things. Those who are from the manufacturing sector would have noticed a difference in how they go about things today compared to what they did, say, 10 years ago." Mr Sawhney reiterated the importance of incentivizing safety in the manufacturing sector to boost awareness. “The government should reward industries and factories that prioritize and excel in safety measures. Creating awareness about the importance of safety is equally critical,” he urged. “A Surakshit Bharat can only be achieved when safety starts from the manufacturers,” he added.

      Role of Automation, Cables, and Smart Technologies This requires three-fold action, pointed out A. Thanapal, Gl Fire E, MI Fire E (UK), Assistant District Officer, Tamil Nadu Fire and Rescue Service: "In Tamil Nadu, nearly 814 industries faced fire accidents, of which 502 were because of electric hazards. How can we evade this? Electrical safety is nothing but applying the 3 Es -- Engineering, education and enforcement." India has a long way to go before it meets global manufacturing standards. Challenges like legacy machinery, outdated switchgear and low-quality components persist. However, innovations and technology can play a crucial role in bridging this gap. And the manufacturing sector can swiftly overhaul its safety measures by using IoT-enabled devices and advanced cables and wires to automate and transform its process control, averred Polycab’s representatives. These smart technologies can reduce electrical incidents, improve productivity, and create safer workplaces, aligning India’s factories with international benchmarks and boosting the country's manufacturing reputation.

      Building a Culture of Electrical Safety in Manufacturing While electrical safety is emerging as the foundation for global competitiveness in India’s rapidly advancing manufacturing landscape, every step in creating a robust safety culture requires collective effort — one that must be shaped by rigorous standards, open communication, and forward-thinking innovation.

      According to Venkatesu C, Chairman of Electrical Safety at FSAI, it must all start with the basics of integrity testing. “Integrity tests ensure that not just cables but also the accessories used can withstand adverse conditions,” he explained. This principle forms the groundwork, ensuring that safety begins from the smallest components and is built upward.

      However, safety is not just about the equipment, it’s also about empowering people. At FLSmidth Cement, safety has become a community effort, revealed its Head of Manufacturing, Krishnamoorthy Rathinavel. "We share information in the local language with all workers. Regular weekly meetings with blue-collar workers help. We have safety community meetings every month where we talk about improvements, initiatives and implementing a safety culture.” R. Gobinath from Optimal MEP Consultants pointed to the pivotal role played by MEP experts in bridging technical challenges and practical realities. “Sometimes, consultants must take a firm stand. While codes exist, adapting them for clients ensures better understanding and avoids issues like recurring lithium accidents,” he reflected, highlighting the need to balance adherence and innovation.

      The Infra-Safety Conclave ended with key insights from Nikhil Jaisinghani, Executive Director at Polycab. Talking about electrical catastrophes, he said, "Majority of the deaths in a fire accident take place because of smoke inhalation and the inability to move due to low visibility. We created a product called green-wire, mostly for residential applications. This product gives out white smoke (in layman terms), so you can see and move around. Today it has become the largest selling premium product in the country. But it was not easy. We had to do a lot of awareness campaigns to educate people about it".

      Nikhil also stressed the need to fix challenges early-on when adopting new technologies. This helps avoid safety gaps and ensures steady progress. He also shared how Polycab is closely working with NSDC to skill and educate electricians about best practices when it comes to safety. "Safety is hygiene, not an expectation. It must always be present and non-negotiable in any circumstance." As the Infra Safety campaign demonstrated, in the realm of manufacturing, electrical safety is not a luxury or an afterthought—it is a foundational element that must be integrated into every design, system, and protocol.

      (Disclaimer: The above press release comes to you under an arrangement with NRDPL and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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