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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
    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
    HIGHLIGHTS
    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
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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
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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
    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.
    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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      HIGHLIGHTS

      January 20, 2025

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      New Delhi, Jan 20 (PTI) Following are the top stories at 5 pm: NATION CAL26 WB-COURT-DOCTOR-LD SENTENCE

      Sanjay Roy sentenced to imprisonment till death in rape, murder of RG Kar hospital doctor Kolkata: A Kolkata court sentenced Sanjay Roy to imprisonment till death on Monday after he was convicted of the rape and murder of an on-duty doctor at the state-run RG Kar Medical College and Hospital.

      DEL24 JK-LD ENCOUNTER

      Soldier killed in J-K encounter with terrorists Srinagar: An Indian Army soldier was killed following an overnight encounter with terrorists in Jammu and Kashmir's Sopore area, officials said on Monday.

      DEL19 RAHUL-LETTER-AIIMS

      Gandhi writes to Nadda, Delhi CM over plight of patients camped near AIIMS, seeks urgent steps New Delhi: Congress leader Rahul Gandhi has written to Union Health Minister J P Nadda and Delhi Chief Minister Atishi, flagging the plight of hundreds of patients and their family members huddled on the footpath and subway outside AIIMS here and sought concrete steps to resolve this "humanitarian crisis".

      DEL18 UP-KUMBH-FIRE

      Fire breaks out near Kinnar Akhara camp at Maha Kumbh, doused Mahakumbh Nagar: A fire broke out near the Kinnar Akhara camp in Sector 16 at the Maha Kumbh Mela here on Monday, officials said. There were no casualties in the incident.

      DEL17 JK-DEATHS-TEAM

      Central team visits remote J-K village witnessing mysterious deaths Rajouri/Jammu: A high level inter-ministerial team on Monday visited Badhaal village in Jammu and Kashmir’s Rajouri district to ascertain the cause of death of 17 members of three families under mysterious circumstances, officials said.

      DEL29 KUMBH-LD AKHADAS

      Dip at Sangam, 'yagya', attending to pilgrims: A day inside 'akhadas' at Maha Kumbh Mahakumbh Nagar: Their barely-clad bodies smeared in ash and long hair in deadlocks, seers at the Maha Kumbh begin each day at 4 am with a dip at the holy Sangam and a litany of rituals before proceeding to receive the pilgrims visiting them. By Gunjan Sharma

      DEL16 SPEAKER-CONFERENCE

      LS speaker expresses concern over fewer sittings of legislative bodies Patna: Lok Sabha Speaker Om Birla on Monday expressed concern over the decreasing number of sittings of legislative bodies and urged presiding officers to make efforts to address the issue.

      BOM12 MH-UDDHAV-PAWAR

      Uddhav Thackeray meets Sharad Pawar amid discord in MVA over local polls Mumbai: Shiv Sena (UBT) leader Uddhav Thackeray met NCP (SP) chief Sharad Pawar in Mumbai on Monday amid differences among the opposition Maha Vikas Aghadi combine over contesting the ensuing local body polls in Maharashtra.

      MDS21 TL-US-STUDENT-KILLED

      Telangana student shot dead in US Hyderabad: A 26-year-old student from Telangana was allegedly shot dead in the US by unidentified persons, his family members said here on Monday.

      BUSINESS DEL31 BIZ-LD-STOCKS

      Sensex rallies 454 pts, Nifty ends above 23,300 on gains in banking shares, firm global trends Mumbai: Benchmark Sensex spurted by 454 points and Nifty closed above 23,300 on Monday following gains in banking, financial and power stocks amid firm global trends.

      DEL31 BIZ-LD-STOCKS

      Sensex rallies 454 pts, Nifty ends above 23,300 on gains in banking shares, firm global trends Mumbai: Benchmark Sensex spurted by 454 points and Nifty closed above 23,300 on Monday following gains in banking, financial and power stocks amid firm global trends.

      DEL27 BIZ-RUPEE-CLOSE

      Rupee rises 5 paise to close at 86.55 against US dollar Mumbai: The rupee appreciated 5 paise to close at 86.55 (provisional) against the US dollar on Monday, as an overnight decline in crude oil prices and the US dollar index supported investor sentiments.

      LEGAL LGD22 SC-ROAD SAFETY

      Road safety: SC asks 23 states, 7 UTs to file reports on compliance of legal provisions, rules New Delhi: In a significant order, the Supreme Court on Monday directed 23 states and seven union territories to file compliance reports indicating implementation of the Motor Vehicle law's recent provisions besides rules on electronic monitoring and road safety measures.

      LGD19 SC-CHRISTIAN-BURIAL

      Pained to see son unable to bury father in village move apex court: SC New Delhi: The Supreme Court on Monday said it was pained to see a man move the top court to bury his father as per Christian rites in a Chhattisgarh village after the authorities failed to resolve the issue.

      LGD17 SC-CHOPPER-MICHEL

      AgustaWestland: SC defers bail hearing of British national Christian Michel James to Feb 18 New Delhi: The Supreme Court on Monday deferred to February 18 the bail hearing of alleged middleman Christian Michel James, accused in the Rs 3,600-crore AgustaWestland corruption case.

      LGD15 SC-LD RAHUL

      Remarks against Amit Shah: SC stays proceedings in defamation case against Rahul Gandhi New Delhi: The Supreme Court on Monday stayed trial court proceedings against Congress leader Rahul Gandhi in a criminal defamation case filed against him for alleged defamatory remarks against Union Home Minister Amit Shah.

      FOREIGN FGN31 PAK-GWADAR-AIRPORT

      Pakistan's largest airport starts operations, welcomes first flight Karachi: Pakistan's largest international airport, funded and built by all-weather ally China, in the restive Balochistan province was officially opened on Monday.

      FGN30 UK-STARMER-TRUMP

      UK-US special relationship will flourish under Trump: Keir Starmer London: British Prime Minister Keir Starmer has spoken of the relationship shared by the UK and the US as a “uniquely close bond” which would continue to flourish as Donald Trump is set to be sworn in as the 47th President of the United States of America in Washington DC on Monday.

      FGN29 US-TRUMP-PROFILE

      Trump 2.0: A maverick returns to world centre stage New York: In the weeks between his phenomenal electoral victory and swearing-in as the 47th President of the US, the world got a preview of what a second Donald Trump presidency will entail - both for itself and America. By Yoshita Singh

      FGN26 WEF-INDIA-REPORT

      India at forefront of age defined by tech evolution: WEF report Davos: In an era defined by technological evolution, India stands at the forefront as one of the world's fastest-growing economies and a global hub for startups and digital innovation, the World Economic Forum said on Monday.

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