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    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
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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
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    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
    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
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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
    Show AI Summary
    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.

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      Vision 2030: Mumbai as Culinary Capital of India launched by AHAR

      January 21, 2025

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      New Delhi [India], January 21: Sukesh Shetty, President AHAR said, AHAR (Association of Hotels and Restaurants) was established in 1979 and comprises 66 associations with over 8,000 members in Mumbai alone. In 2029, AHAR will celebrate its 50th Anniversary. AHAR was established by hotel owners, with a primary focus on solving industry problems and empowering its members. AHAR ensures that its operations are controlled exclusively by its members. Globally, certain cities are renowned for their iconic products. For example, Italy is famous for pizza. Mumbai has achieved fifth place on the global list for its iconic product, Vada Pav. Following Mumbai, Amritsar is celebrated for its Chana Masala. Additionally, India takes pride in the invention of Dal Khichadi, a value-for- money dish that reflects the essence of Indian cuisine.

      AHAR presented 50 Milestones which work has started to enable the Vision 2030 to become a reality . This was presented at the AHAR AGM held at Hotel Grand Hyatt in Mumbai. This was televised on Times Now, a leading English News Channel. These Milestones were taken up with different office bearers of AHAR and we felicitated them for their efforts as AHAR Super Heroes.

      Under the "Mitra Concept," AHAR aims to position Mumbai as the Culinary Capital Of India by 2030. This ambitious vision aligns with the growing global recognition of India’s culinary excellence and the hotel industry’s potential to lead the charge. Mumbai is the financial capital of India and home to a diverse population with migrants from across the country. This diversity has given Mumbai a rich culinary landscape, offering cuisines from all corners of India. To promote tourism, we need to enhance this culinary heritage and develop it into a strong, recognizable brand. There are various types of tourism, and food tourism is one of the most impactful ways to attract visitors. AHAR is a well-structured and highly communicative organization, which enables it to play a significant role in this transformation. We are committed to staying updated and adapting to the needs of the industry to help Mumbai evolve into a premier tourist destination.

      AHAR has initiated a new program in collaboration with RPH College, a catering college. As part of this program, our staff and hotel teams visit the college to train students in basic preparation techniques and the importance of preserving traditional food. Additionally, we are conducting training sessions for our staff, restaurant owners, and managers to develop creative approaches to presenting and promoting traditional Indian cuisine. This initiative aims to not only preserve India’s culinary heritage but also elevate its status on the global stage.

      At the AGM, Senior hoteliers , Ex-office Bearer, President awards nominees felicitated on stage with live audience of thousand plus hotel owner. Senior advisors of AHAR spoke about past, present C future trends in the hotel industry.

      AHAR Hospitality Summit had notable speaker Bhushan Gagrani – Municipal Commissioner of BMC, Ulhas Ingawale – Joint Commissioner, State Food Safety Commission, Sudhakar Shetty Secretary of AHAR, moderated by Santosh Shetty Senior Advisor.

      Bhushan Gagrani's said, "Mumbai is rapidly progressing, and I assure you that within the next 3 to 4 years, all major infrastructure projects will be completed. Projects such as the Coastal Road, metro lines, and the new airport will transform Mumbai into a modern, new age city.

      In technical terms, the government is providing the hardware- the necessary infrastructure. However, to run the program smoothly and make it impactful, we also need powerful software. This software comprises Mumbai’s rich heritage, diverse culture, and exceptional food scene.

      Over the years, significant changes have been made in the food industry, including reforms in licensing and the creation of various forums. Organizations like AHAR are actively supporting the government in these initiatives to streamline and enhance the industry.

      The new generation, often referred to as Gen Z, views dining out as more than just satisfying hunger—it’s about the experience. The food industry, currently valued at $70 billion, has immense potential to contribute to India's GDP. In alignment with Prime Minister Narendra Modi’s vision of achieving a $5 trillion economy, the food industry must play a larger role. This journey of growth and transformation will begin in Mumbai, setting an example for the rest of the country.

      To promote domestic tourism C increased hospitality sector the key is maintaining continuous dialogue with stakeholders to understand how we can facilitate growth and make life more comfortable for businesses and tourists alike. Often, government rules, such as those related to licensing, undergo changes, and these processes can be slow. To address this, consistent communication with stakeholders is essential. In the food industry, for instance, we need ongoing discussions with organizations like the BMC, FDA, and police. Directly engaging with every individual is not always feasible, which is why organizations like AHAR, which understand the industry's challenges, play a crucial role. These dialogues help us identify the actual issues, whether we are over-regulating or facilitating the industry appropriately. Recent improvements, such as the availability of online permissions, more user-friendly compliance processes, and the removal of certain outdated requirements (e.g., permits for permit rooms), have all been possible due to continuous engagement with organizations like AHAR.

      India must take pride in its own food heritage. We should not hesitate to promote the nutritional value and traditional significance of our cuisine. This kind of promotion will help us showcase the true essence of Indian food.

      Additionally, I believe AHAR can play a crucial role in promoting healthy eating among the new generation. With 40% of people being overweight, it’s essential to promote a balanced diet alongside the growth of the food industry. We need to ensure that while we promote the richness of our culinary culture, we also encourage healthy eating habits.

      I am open to dialogue with AHAR on how we can collaborate to promote both the traditional value of food and healthier eating choices.

      Regarding the Lok Sabha elections, our city had a low voter turnout. We were asked to increase voter participation in the assembly elections, and we sought help from AHAR. The AHAR team responded immediately, and as a result, voter turnout increased by 6 to 7%".

      Mr. Ulhas Ingawale Joint Commissioner, State Food Safety Commission said, " There have been significant changes in hygiene practices within the hotel industry, driven by evolving customer expectations. Post-COVID, cleanliness and hygiene have become top priorities. Enhanced cleaning protocols have been implemented across establishments to ensure the highest standards of safety and sanitation. Many restaurants have partnered with global health organizations to participate in certification programs, further emphasizing their commitment to hygiene. Additionally, staff training and dedicated hygiene programs have been introduced to maintain consistent cleanliness and meet customer expectations.

      AHAR plays a significant role in the hotel industry by facilitating FOSTAC training. This training helps restaurant owners understand food safety and compliance requirements. To further enhance this initiative, AHAR could provide online training and resources, particularly for small restaurant owners. Regular refresher workshops and training programs focused on food safety would also be beneficial for small establishments.

      So far, AHAR has conducted 100 FOSTAC training sessions, benefiting 4000 restaurants. All expenses for these sessions have been borne by AHAR members.

      FOSTAC, or Food Safety Training and Certification, is a government initiative aimed at improving food safety. The government has allocated a grant of ₹2 crore to the FDA for training 30,000 food handlers under a 100-day program. AHAR is expected to play an important role in achieving this target and supporting the industry’s growth.

      Currently, the FOSTAC certificate is valid for 2 years. This is due to the constant changes in technology and global food safety trends. To ensure food handlers remain updated with these changes, it’s important for staff to continue their education and stay informed. A certificate validity of 2 years ensures that the person is actively involved in food handling and that they stay current with the latest standards.

      According to global standards, most certifications and licenses are valid for 2 to 3 years. A 5-year validity could create a significant gap, potentially leaving individuals unaware of critical updates. The government is also taking steps to ensure that people are continuously trained and informed.

      FSSAI licenses require on site inspection and documentation, including building layouts and disposal systems, to ensure public health safety. However, we are working on introducing a Tatkal license process for restaurants. This would involve a one-time verification, and once compliance is met, the license will be issued. We are also working to reduce the current 60-day processing period".

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

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