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    CBN dismantles inter-state counterfeit drug network in Bihar under Operation Vajra; mastermind arrested
    DRI seizes quantities of gold; drugs, e-cigarettes and other contraband in pan-India Ops; 20 persons, including 5 foreign nationals, arrested
    Union Government releases tax devolution of ₹1,09,019 crore to State Governments, as one advance instalment to accelerate their capital and deve...
    Raymond Lifestyle Limited Delivered a stable Q1 FY27 Performance
    Rupee rises 31 paise to 95.12 against US dollar in early trade
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    Punjab GST revenue rises 20 pc to Rs 10,447 crore in April-July: Cheema
    India-China trade through Shipli La resumes after six years
    Odisha's export can reach USD 50 billion by FY 2029-30: Study
    Andhra records 21 per cent growth in net GST collections till July
    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
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    August 3, 2026
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    Counterfeit drug enforcement targets illicit manufacture, storage and trafficking networks, with coordinated seizures and referral of non-narcotic stock.
    Counterfeit-drug enforcement under Operation Vajra addressed an inter-state network involved in the illicit manufacture, storage and distribution of narcotic drugs, psychotropic substances and spurious pharmaceutical products. Searches of unregistered godowns recovered narcotic products, unauthorisedly manufactured Buprenorphine injection ampoules, and counterfeit non-NDPS medicines. A farmhouse-based illicit manufacturing facility was dismantled, with machinery, chemicals and related materials seized under the NDPS Act, 1985.
    August 3, 2026
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    Anti-smuggling enforcement targets concealed gold, narcotics, protected products, prohibited e-cigarettes and restricted imports through coordinated intelligence operations.
    Intelligence-led anti-smuggling operations resulted in seizures of foreign-origin gold, narcotic drugs, hydroponic weed, protected wildlife and forest products, prohibited electronic cigarettes, and restricted poppy seeds and areca nuts. The operations identified concealment through fabricated baggage cavities, false cargo declarations, misdeclaration of origin, forged documentation, and concealment in transport vehicles. Poppy seeds are restricted under the Foreign Trade Policy and may be imported only subject to conditions concerning legally cultivated produce from designated countries and registration of import contracts with the Narcotics Commissioner.
    August 3, 2026
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    Tax devolution advance instalment strengthens State finances for accelerated capital and developmental expenditure through distribution of Union tax proceeds.
    Tax devolution was released to State Governments as an additional advance instalment alongside the normal monthly devolution schedule. The fiscal transfer shares net proceeds of Union taxes and duties with States, with the stated purpose of strengthening State finances and supporting accelerated capital and developmental expenditure. The release includes a State-wise distribution of tax-devolution proceeds.
    August 3, 2026
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    Financial performance reporting highlights revenue and EBITDA growth, garmenting recovery, retail optimisation, ESG commitments, and forward-looking risk disclosures.
    Financial performance reflects growth in total income and EBITDA, with improved margin, reduced net working-capital days, and a net-cash position. Branded textiles and high-value cotton shirting reported lower revenue due to the prior-year base effect, while branded apparel grew but faced lower margin from channel mix. Garmenting improved through order-book execution, tariff rationalisation, and new global clients. ESG priorities include female representation, waste-management initiatives, renewable energy, emissions reduction, and workplace safety. Forward-looking statements remain subject to regulatory, political, economic, and technological risks.
    August 3, 2026
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    Foreign exchange market support strengthens the rupee as lower crude prices, portfolio inflows and reserve growth improve sentiment.
    Foreign exchange market conditions supported an early appreciation of the rupee against the US dollar, attributed to lower global crude oil prices, a weaker dollar, sustained foreign portfolio inflows, higher foreign exchange reserves, and Reserve Bank of India presence in the foreign exchange market. Domestic equity market gains and net foreign institutional equity purchases were also identified as supporting factors.
    August 2, 2026
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    Gold smuggling detection targets sophisticated concealment methods through strengthened passenger profiling, intelligence gathering and coordinated investigations into organised networks.
    Gold smuggling detection at Kerala airports led to multiple seizures, registration of cases and arrests in alleged smuggling attempts. Organised networks reportedly use gold in paste or compound forms concealed in clothing, body cavities, aircraft seats and other unconventional locations. Enforcement measures include strengthened passenger profiling, intelligence gathering and inter-agency coordination, while investigations continue to identify associated syndicates and financiers.
    August 2, 2026
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    Offshore exploration funding supports deepwater drilling, shared infrastructure and seismic data to strengthen domestic hydrocarbon production potential.
    The Samudra Manthan National Offshore Exploration Scheme provides direct budgetary support for high-risk deepwater and ultra-deepwater exploratory drilling, subject to cost-sharing and per-well limits. Support is available to eligible operators holding or securing exploration acreage. The scheme also funds offshore data acquisition and shared subsea, receipt and processing infrastructure through a Common Hub Infrastructure model. It is intended to promote risk exploration, improve commercialisation of offshore discoveries and strengthen domestic hydrocarbon production potential within the existing exploration and licensing framework.
    August 1, 2026
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    GST compliance enforcement combines taxpayer refunds, analytics-based fraud detection, cancellation of fake registrations, and recovery of outstanding VAT arrears.
    Punjab attributed increased GST collections to voluntary compliance, intelligence-based enforcement and technology-driven tax administration, while facilitating compliant taxpayers through timely GST refunds. Data analytics, risk profiling and field verification were used to identify tax evasion, bogus billing, fake input tax credit networks and misuse of the GST registration framework. Measures included penalties, cancellation of fraudulent registrations and recovery of long-pending VAT arrears through attachment and auction of defaulters' properties.
    August 1, 2026
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    Cross-border barter trade resumes through Shipki La, subject to permitted goods, time limits, and import-export compliance requirements.
    Cross-border barter trade through Shipki La between India and Tibet resumed after a six-year interruption. Traders may exchange specified goods under a barter arrangement and must return within 72 hours. Traders are required to comply strictly with import-export regulations prescribed by the Union Ministry of Commerce, emphasising transparency and regulatory compliance. Expansion of permitted goods may be pursued through prescribed governmental and external-affairs channels.
    August 1, 2026
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    Export growth projections outline pathways for Odisha to expand merchandise trade through export diversification, MSME support and financing initiatives.
    Export growth projections for Odisha set out base, optimistic and ambitious scenarios through FY 2029-30, based respectively on historical growth, envisaged national export growth, and a larger share of national exports. Odisha's export basket remains concentrated in metals and minerals, led by aluminium products, with China as the principal export destination. Odisha Vision 2047 identifies exports, including MSME contributions, as an economic transformation driver, while export-financing and risk-mitigation initiatives aim to address financing gaps for exporters and MSMEs.
    August 1, 2026
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    GST compliance enforcement through AI analytics supported sustained net GST collection growth despite rate rationalisation reforms and reduced compliance costs.
    GST revenue mobilisation in Andhra Pradesh showed year-on-year growth in net GST and total commercial tax collections through July 2026, despite rate-rationalisation reforms. Revenue growth was attributed to AI-based scrutiny and analytics, machine-learning risk scoring, AI-driven IGST reversals, UPI-based enforcement analytics, data sharing, predictive analytics, registration verification, and Aadhaar-integrated expansion of the professional-tax base. These measures were stated to strengthen compliance, curb wrongful input tax credit claims, broaden taxpayer coverage, and improve revenue mobilisation.
    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
    Show AI Summary
    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
    Show AI Summary
    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.

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      PM's Make in India failed; alternative vision must focus on energy, mobility revolution: Rahul

      February 3, 2025

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      New Delhi, Feb 3 (PTI) Claiming that Prime Minister Narendra Modi's 'Make in India' initiative has failed, Leader of the Opposition Rahul Gandhi on Monday presented an alternative vision of greatly enhancing the participation of Dalits, tribals and OBCs, as well as ensuring that the energy and mobility revolution is not given up to the Chinese.

      He, however, conceded that successive governments, be it the Congress-led UPA or the the BJP-led NDA, have not been able to tackle unemployment and give a clear cut answer to the youth on employment.

      Speaking on the Motion of Thanks on the President's address, Gandhi centred his address around on what a presidential address under an INDIA bloc government would look like.

      "When we talk to the US, we wouldn't send our foreign minister to (get) our PM invited to his (US President's) coronation. We will not send our foreign minister 3-4 times (to say) please invite our prime minister... because if we had a robust production system and were working on technologies, the US President would come to India and invite our PM," Gandhi said to protests from the treasury benches with Union minister Kiren Rijiju asking him not to make "unsubstantiated allegations" on India's foreign policy.

      Gandhi's remarks were an apparent reference to External Affairs Minister S Jaishankar travelling to the US ahead of President Donald Trump's inauguration. Jaishankar, later represented India at the inauguration on January 20.

      Noting that India's future is going to be decided by the youth, Gandhi said the country has grown at a fast pace in the past and is now growing at a slower rate, but it has not been able to address the universal problem of unemployment.

      "Neither the UPA government nor today's NDA government has given a clear cut answer to the youth about unemployment," the former Congress chief said.

      He also said 'Make in India' was a good idea, but the prime minister "pretty much failed". PM Modi was present in the House when Gandhi spoke.

      "Manufacturing fell from 15.3 per cent of GDP in 2014 to 12.6 per cent of GDP today i.e. the lowest share of manufacturing in 60 years," he said.

      "I am not even blaming the prime minister because it would not be fair to say that the prime minister did not try. I think the prime minister tried and conceptually 'Make in India' was a good idea but it is pretty clear that he failed," Gandhi said.

      He said the alternative vision must answer how the problem of unemployment will be solved.

      Every government since 1990 has done a decent job on organising consumption but the record of the country in organising production is dismal, Gandhi said. "What we have done is that we have handed over the organisation of production to the Chinese." He said that due to rising unemployment, social tension is on the rise in India.

      Gandhi said that his message to the youth is that a mobility revolution is taking place as "we are moving from the world of the internal combustion engine to the world of the electric motor and we are moving from petrol to batteries".

      "The last time there was a revolution, the computer revolution, the Congress government looked at the revolution and decided that we are going to focus on the development software. We rode the wave of that revolution. Today you can see the results," he said.

      Gandhi said four technologies driving change in mobility are -- electric motors, batteries, optics, application of Aritificial Intelligence (AI).

      "AI on its own is absolutely meaningless, as it operates on top of data. In India, consumption data is owned by the US through companies such as Google, Facebook, and Instagram," he said.

      He said China has a 10-year lead over India in terms of the revolution.

      "Our president's address will say to youngsters, we will choose critical areas in each one of these technologies and we will start to build capabilities in those areas. We would ensure our banking system is not captured by 2-3 companies, our banking system is open, dynamic and accessible to small and medium businesses," he said.

      "Today, we have the Chinese (on our land) but the Prime Minister has denied it, the Army disagreed with the Prime Minister," he said, to strong protests from the treasury benches.

      "The PM has denied that Chinese forces are inside our territory but for some reason our army keeps talking to the Chinese about their entry into our territory and our chief of army staff has said that the Chinese are inside our territory," he said.

      Gandhi claimed the reason China is inside this country is because 'Make in India' has failed and India is refusing to produce. "I am worried that India is going to give up this revolution to the Chinese once again," he said.

      He also said a Congress government have conducted a Caste Census in Telangana, and the findings are shocking.

      Almost 90 percent of Telangana's population is constituted by Dalits, Adivasis, Backward Classes, or minorities, he said, adding that he is sure that the OBC population of this country is at least 50 percent.

      "There are two parallel tracks to focus on: firstly, ensuring the participation of OBCs, Adivasis, and Dalits in the country's governance, institutions, and equal distribution of wealth. Secondly, challenging China and participating in the revolution to emerge victorious," Gandhi said.

      He asserted the President's address was pretty much the same the year before and the year before that, and it was a laundry list of things that the government has done.

      Later, in a post on X, Gandhi shared his address on X and said, "As the world stands on the brink of a technological and economic revolution, India needs a new vision for growth, production, and participation'”one that directly addresses our two biggest challenges: the job crisis and the lack of opportunity for 90% of Indians." "Jobs come from production, which Make In India has failed to revive. But we have an opportunity with the revolution in energy and mobility - with renewable energy, batteries, electric motors and optics, and AI to bring these together. India must master a central role in this revolution, and boost production to give our youth hope for the future," he said.

      "Although China is 10 years ahead, we can catch up - with the right vision.

      An INDIA government would realign education, enlist experts, widely spread finance, and align our trade and foreign policies," he asserted.

      Asserting that production is also the foundation of national security, Gandhi said that in a world where wars are not fought between armies but between industrial systems, our dependence on Chinese imports like motors and batteries puts us at risk.

      Internally, India is fighting against inequality that is increasing social tensions by excluding the 90%, he said.

      "We must conduct a caste census to understand where Dalits, Adivasis, OBCs and minorities stand today; and with the help of AI understand how best to ensure they have a fair share in the nation's wealth and opportunities. It is only these two tracks in parallel - production and participation - which will create a robust growth story for India and a bright future for all our youth," Gandhi said. PTI ASK TIR TIR

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