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    J&K crime branch chargesheets accused in separate bank, insurance fraud cases
    MCD-facilitated PM Vishwakarma Scheme enrols over 41,000 artisans in Delhi
    Gross GST mop-up grows 15.4 pc to over Rs 2.11 lakh cr in July on higher imports, sales
    Gross and Net GST revenue collections for the month of July, 2026
    India and Rwanda Hold First Joint Trade Committee Meeting to Deepen Bilateral Trade and Investment Cooperation
    West Bengal GST collection rises 2 pc in July to Rs 5,564 crore
    Gross GST collection kitty swells 15.4 pc to over Rs 2.11 lakh cr in July
    RBI says USD 40.82 bn mobilised under forex swap facility till Jul 31
    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
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    August 1, 2026
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    Economic-offences fraud chargesheets address alleged fictitious loans, forged insurance surrender papers, and diversion of bank and policy funds.
    Economic-offences chargesheets were filed in separate alleged bank and insurance fraud matters. The bank investigation alleged fictitious loan sanctions and overdrafts beyond delegated authority, involving cheating, forgery, use of forged documents and criminal conspiracy. The insurance investigation alleged that duplicate policy records and forged surrender documents were used to open a fraudulent account in a policyholder's name and divert policy proceeds. Records, witness statements, documentary evidence and forensic examination were cited in support of the allegations.
    August 1, 2026
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    PM Vishwakarma Scheme implementation expands artisan enrolment, skills, credit, e-commerce access and export facilitation while addressing documentation barriers.
    PM Vishwakarma Scheme implementation in Delhi facilitated artisan enrolment, application processing, skill training, toolkit distribution, loan access, e-commerce onboarding and export-related support. Awareness workshops and tele-calling campaigns were used to promote participation and follow up on benefits. Key implementation challenges concerned outreach to informal clusters, digital literacy, delays in Aadhaar and IEC documentation, and additional support for Divyang artisans. Planned action includes expanding workshops, scaling e-commerce onboarding, strengthening export facilitation and coordination with implementing agencies.
    August 1, 2026
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    Goods and Services Tax collections rise on domestic consumption and imports, while elevated import revenue prompts assessment of underlying drivers.
    Goods and Services Tax collections for July increased over the corresponding prior-year period, supported by domestic sales and imports. Gross receipts included Central GST, State GST and Integrated GST, with net GST revenue calculated after adjusting refunds. For the April-July period, gross and net collections also increased. Commentary linked domestic GST growth to consumption, formalisation and industrial activity, while identifying elevated import GST collections as an area requiring assessment of import composition, currency effects and volumes.
    August 1, 2026
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    GST revenue collections show provisional gross, refund and net revenue trends, with State-wise settlement and domestic collection data.
    GST revenue collections for July 2026 are reported provisionally through gross domestic and import revenue, domestic and export-related refunds, and net GST revenue after refunds. The data also sets out SGST collections and the SGST share of IGST settled to States and Union Territories, both monthly and cumulatively. State-wise domestic GST growth excludes GST on imported goods, while jurisdiction-wise data allocates collections between central and State formations and identifies CGST, SGST and IGST components.
    August 1, 2026
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    Bilateral trade cooperation expands through a Joint Trade Committee covering investment, critical minerals, healthcare, digital technologies and market access.
    Bilateral trade and investment cooperation between India and Rwanda is to be advanced through a structured Joint Trade Committee mechanism for reviewing commerce, diversifying trade, promoting investment, facilitating business engagement and addressing market-access and logistical issues. Priority cooperation includes critical minerals, pharmaceuticals and healthcare, agriculture and agro-processing, standards harmonisation, digital public infrastructure, fintech, cybersecurity, green mobility and renewable energy. Investment focal points will support engagement, while capacity-building assistance and close monitoring of the Agreed Minutes are intended to support time-bound implementation.
    August 1, 2026
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    GST collection growth in West Bengal continued year-on-year in July but remained below the national growth trend.
    West Bengal's July GST collection increased year-on-year and over the preceding month, marking a second consecutive month of annual growth. Official data also indicated that the State's annual growth rate was below the national trend, while gross domestic GST revenue excluding imports and overall gross GST collections including import-related taxes rose nationally during July.
    August 1, 2026
    Show AI Summary
    GST collection growth reflects higher revenue mobilisation from domestic transactions and imports, with refunds adjusted in net revenue.
    Goods and Services Tax collections increased in July, driven by higher revenue from domestic transactions and imports. The gross collection comprised Central GST, State GST and Integrated GST components. Refunds also increased during the month, and net GST revenue was determined after adjustment of refund outflows from gross tax receipts.
    August 1, 2026
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    Concessional foreign-exchange swaps encourage bank deposits and foreign borrowings to strengthen balance-of-payments resilience and foreign-exchange liquidity.
    The Reserve Bank of India introduced a concessional foreign-exchange swap facility to encourage foreign-currency inflows, strengthen the balance of payments and support foreign-exchange liquidity. The facility applies to fresh Foreign Currency Non-Resident (Bank) deposits, Overseas Foreign Currency Borrowings and External Commercial Borrowings. Foreign Currency Non-Resident (Bank) deposits constitute the principal source of inflows mobilised under the arrangement. The facility is available for specified time-bound periods, with a later availability period for Overseas Foreign Currency Borrowings and External Commercial Borrowings.
    August 1, 2026
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    Unauthorised pledge of listed-company land triggered securities-market bars for disclosure failures and misuse of management authority.
    Unauthorised pledge of ZEEL's Hyderabad land as security for loans obtained by promoter-linked entities was treated as a related-party transaction lacking prior audit committee approval. ZEEL failed to disclose the land's deployment in its financial statements. Its Chairman Emeritus was stated to have transferred title deeds by falsely representing management approval and to have concealed the transaction's nature. Securities-market prohibitions and monetary penalties were imposed with immediate effect.
    August 1, 2026
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    Trade and sustainable development policy integrates carbon regulation, sustainability standards and domestic frameworks to strengthen trade competitiveness and preparedness.
    Trade and Sustainable Development policy was examined in relation to international trade disciplines, sustainability regulation and India's trade strategy. Discussions considered carbon markets, carbon pricing, carbon border adjustment measures, sustainability standards and regulatory cooperation, and their implications for trade and industrial competitiveness. Domestic mechanisms, including the Carbon Credit Trading Scheme, Indian Carbon Market, Extended Producer Responsibility framework, and accreditation and conformity assessment systems, were considered for strengthening preparedness for emerging sustainability-related trade disciplines.
    August 1, 2026
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    Digital public procurement engagement begins with stakeholder events promoting transparent, efficient and inclusive marketplace governance.
    Government e-Marketplace launched ten-day celebrations preceding its tenth Foundation Day, including a commemorative logo, stakeholder events and recognition of employees, buyers and sellers. The programme begins a year-long nationwide outreach initiative bringing together buyers, sellers, policymakers, industry representatives and ecosystem partners through events, dialogues and collaborative platforms. Its stated focus is technology-enabled, transparent, efficient and inclusive public procurement.
    July 31, 2026
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    Strategic trade controls require dual-use exports to comply with national law and international obligations amid arms-transfer allegations.
    Strategic trade controls governing dual-use exports require Indian exports of dual-use items and technologies to comply with national law and India's international obligations. The stated framework applies to exports to various countries. In response to allegations concerning supplies to Israel, the position notes calls for an arms embargo covering direct or indirect transfers of arms and military material, including weapons, ammunition, parts and components, without determining the underlying allegations.
    July 31, 2026
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    Money-laundering proceedings face challenge over absent predicate offence, alleged lack of criminal intent, and treatment of related FIRs.
    Money-laundering proceedings linked to alleged diversion of homebuyer funds are challenged on the ground that no scheduled offence or criminal intent is attributable to the petitioner. The petitioner relies on his asserted exoneration in two predicate FIRs, where charge sheets did not name him, and settlement of the remaining FIR. Notice was issued for a response and status report, and the petitioner undertook to cooperate with the investigation.
    July 31, 2026
    Show AI Summary
    Rupee appreciation reflected foreign capital inflows and central bank support, tempered by crude prices and geopolitical tensions.
    Rupee appreciation against the US dollar was linked to sustained foreign capital inflows and Reserve Bank support through dollar selling. Higher crude oil prices, a stronger US dollar and geopolitical tensions in West Asia constrained further gains. A slightly positive near-term rupee bias was associated with softer dollar conditions, dovish US monetary expectations, favourable global markets and improved foreign inflows, while geopolitical risks remained relevant. Domestic equity indices rose, foreign-exchange reserves increased, and fiscal-deficit data showed the central government's position against its full-year target.
    July 31, 2026
    Show AI Summary
    India-UK trade agreement enables duty-free access and bilateral cooperation on investment, technology, and strategic partnership.
    The India-UK Comprehensive Economic and Trade Agreement provides zero-duty market access in the UK for nearly 99 per cent of India's exports and is intended to expand bilateral trade and investment opportunities. The governments committed to maximise its benefits through the Comprehensive Strategic Partnership, including cooperation on technology, innovation, security, clean energy, education and people-to-people links. Advanced technology collaboration, including artificial intelligence, is also contemplated.
    July 31, 2026
    Show AI Summary
    Excise duty increases on cigarettes pressured profitability, while calibrated pricing and FMCG growth supported market resilience.
    Excise duty increases on cigarettes affected consolidated profitability, prompting calibrated pricing and portfolio measures to protect market share and limit migration to illicit trade. The cigarette portfolio was re-architected across price points through value-accretive offerings and staggered pricing actions. Non-cigarette FMCG growth was supported by demand for packaged foods, dairy and personal-care products. Input-cost inflation was mitigated through inventory cover, commodity hedging and price-volume rebalancing amid crude-price volatility, supply-chain disruption and imported inflation concerns.
    July 31, 2026
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    One-Time Settlement Scheme offers final pre-GST tax dispute resolution relief before stricter recovery action against defaulters begins.
    The One-Time Settlement Scheme 2025 for pre-GST tax dues has been extended until September 30. Eligible taxpayers may resolve pending legacy tax disputes with full waiver of interest and penalties and slab-wise relief in principal tax. After the deadline, recovery action may be intensified under applicable tax laws and the Punjab Land Revenue Act, including property attachment, auction and freezing of bank accounts. The department also supports amicable settlement of tax disputes through the SAMADHAN initiative.

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      Unimoni Brings Foreign Exchange and Travel Solutions Closer with Its Expansive Network

      February 3, 2025

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      300+ Branches and 15,000+ Agent Locations to Meet Customers' Needs KOCHI, India, Feb. 3, 2025 /PRNewswire/ -- Unimoni, a leader in the foreign exchange and travel service industry, is proud to announce the continued expansion of its robust network of 300+ branches and over 15,000 agent locations across India. This wide-reaching presence is designed to bring forex and travel services closer to the public, ensuring that individuals and businesses alike can access essential solutions conveniently, wherever they are across India.

      With 23+ years of expertise in the sector, Unimoni has built a reputation for delivering innovative, reliable, and accessible solutions to all. Unimoni offers a comprehensive range of services that cater to the needs of both personal and corporate clients, including remittances, foreign exchange, bill payments, and other customized financial solutions. Through this extensive network, Unimoni is redefining the way people access forex and travel services and making it easier for customers to manage their financial needs, whether for day-to-day transactions or long-term goals.

      A Deep-rooted Presence Across India Unimoni's vast network spans both urban and rural areas, making it one of the most accessible foreign exchange and travel service providers in the country. The company's 300+ branches are strategically located in key cities and towns, providing easy access to its services. In addition, the 15,000+ agent locations ensure that Unimoni is available in even the most remote regions, bridging the gap between customers and essential financial services.

      Whether it's for making money transfers, exchanging foreign currency, or availing travel solutions, Unimoni's network ensures that customers can easily find a location nearby. This extensive presence is a testament to the company's commitment to accessibility, customer satisfaction, and providing seamless solutions.

      Unimoni's Core Services Unimoni offers a broad spectrum of forex and travel services that are tailored to meet the diverse needs of its customers. Some of the key services include: 1. Send Money Abroad: Unimoni has made international money transfers easy and affordable. With its strong presence, the company enables individuals to send and receive money across borders, securely and efficiently, helping families stay connected no matter where they are located. Unimoni facilitates remittances for various purposes, including: - Visa Fees: Remit payments for visa processing and related documentation to help secure travel plans for employment, education, or leisure.

      - University Fee Payments & Overseas Educational Expenses: Pay tuition fees and other educational expenses for studying abroad with Unimoni, ensuring smooth transitions to international universities.

      - Employment Fees: Transfer payments related to employment, including recruitment fees and expenses for overseas job opportunities.

      - NRO and NRE Repatriation: Enable Non-Resident Indians (NRIs) to repatriate funds from their NRO and NRE accounts, ensuring seamless financial transactions.

      - Tour-related Payments: Facilitate remittance for booking travel packages, hotel stays, tours, and other trip-related expenses.

      - Gifts: Send funds as gifts to family members or friends across borders for birthdays, celebrations, or special occasions.

      - Maintenance of Close Relatives: Transfer money to support the well-being of close relatives living in other countries, including financial assistance for living expenses.

      - Migration Expenses: Support individuals with remittances to cover migration-related costs, such as accommodation, travel, and settlement in a new country.

      - Medical Treatment: Remit funds for medical treatments abroad, covering costs for surgeries, hospital stays, or specialized care unavailable locally.

      2. Foreign Exchange: Whether for travel, business, or education purposes, Unimoni provides competitive foreign exchange rates for a range of currencies. The company's foreign exchange services are available through both its branches and agent locations, ensuring convenience and flexibility for customers.

      3. Forex Cards: Customers can avail Unimoni's Forex Travel Cards to experience the ultimate convenience while traveling. This prepaid card allows users to load a single foreign currency or multiple currencies onto a single card. Forex cards are secured by a PIN for safe payments and withdrawals worldwide at ATMs and POS terminals.

      4. Travel & Holidays: Providing a wide range of customized travel packages, holiday services, visa assistance, air ticketing and hotel bookings, ensuring smooth travel experiences for individuals and groups.

      5. Insurance: Unimoni offers a variety of insurance products that cover property, motor, health, and travel, ensuring customers are protected against unforeseen circumstances. These offerings cater to individuals and families, providing peace of mind with reliable coverage.

      6. Overseas Educational Loan: Supporting students in pursuing higher education abroad by providing tailored educational loans with flexible repayment options.

      7. Gold Loan: Offering quick and hassle-free loans against gold, enabling customers to meet urgent financial needs with competitive interest rates.

      Customer-Centric Approach Unimoni has always prioritized customer satisfaction and strives to ensure that its services are available whenever and wherever customers need them. By leveraging its vast network of branches and agents, the company ensures that clients can access foreign exchange and travel services in a manner that fits their lifestyle. Unimoni's customers can rest assured that they are getting the best service possible.

      24x7 Customer Care Additionally, the company's dedicated staff members at every branch and agent location are well-trained and ready to assist clients with their needs. As part of its customer-centric approach, Unimoni provides 24X7 Customer Care Support, ensuring customers receive assistance whenever they need it. Unimoni's newly launched round-the-clock service at its Cochin Airport Branch at Nedumbassery further strengthens its commitment to convenience. This service is designed to meet the needs of travelers and customers who require financial services at any hour.

      Innovation and Future Growth As Unimoni continues to grow, the company is committed to enhancing its offerings and making financial services even more accessible. The expansion of its network of branches and agent locations is just one of the many ways the company is working to meet the evolving needs of its customers. Furthermore, Unimoni is constantly exploring new technologies to streamline its processes and improve service delivery, ensuring that it remains at the forefront of the foreign exchange and travel industry.

      With a focus on innovation and customer satisfaction, Unimoni is well-positioned to continue its growth and solidify its reputation as a trusted provider of foreign exchange and travel services in India. The company's extensive network and diverse range of offerings make it an ideal partner for anyone seeking reliable, efficient, and accessible foreign exchange and travel solutions.

      Unimoni is revolutionizing the landscape by offering comprehensive and easily accessible solutions through its wide network of 300+ branches and 15,000+ agent locations across India. With over two decades of industry expertise, the company is well-equipped to serve the diverse needs of individuals and businesses alike.

      As Unimoni continues to expand its reach and enhance its offerings, it remains committed to its core mission of delivering innovative and accessible services that make a real difference in the lives of its customers. With a focus on accessibility, customer-centricity, and technological innovation, Unimoni Financial Services Ltd. is poised to lead the way in the foreign exchange and travel services industry for years to come.

      For more information about Unimoni and its services, visit the website.

      Contact Details: Pratheep Thavara +91-79947 94526 [email protected] Photo: Embedded Media Logo: Embedded Media (Disclaimer: The above press release comes to you under an arrangement with PRNewswire and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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