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    GeM Launches 10-Day Celebrations Ahead of 10th Foundation Day, Unveils Commemorative Logo
    All Indian exports of dual-use items comply with international obligations: MEA
    PM Modi to inaugurate Bhogapuram Airport in Andhra on Aug 1
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    Closely monitoring: India on US bill seeking up to 100 % tariffs on purchasers of Russian oil
    Delhi HC seeks ED stand on Nayan Raheja's plea against money laundering case
    Rupee appreciates 7 paise to close at 95.43 against US dollar
    PM Modi, UK PM Burnham commit to harnessing full potential of mega trade deal
    ITC Q1 profit declines 15.6 pc to Rs 4,508.79 cr; non-cigarette FMCG posts robust growth
    Punjab extends deadline of one-time scheme for settling tax dues of pre-GST period till Sept 30
    PM Modi speaks to UK counterpart Burnham
    Bank credit to industry records robust growth of 19.2 pc in June: RBI data
    Delhi protesters' fingerprints collected from stones for identification via Aadhaar: BJP minister
    Cabinet approves Rs 84,084-cr offshore exploration scheme; govt to fund up to Rs 650 cr per well
    India's forex reserves jump USD 6.12 bn to USD 682.35 bn
    Jharkhand signs pact with CSC eStore to make SHG products made by women available online
    APEDA Facilitates First-Ever Air Shipment of Karnataka's Neelam and Totapuri Mangoes to the Maldives
    Favara-UPI Cross-Border Payment Corridor Goes Live Between Maldives and India
    SC upholds NCLAT order setting aside CCI's Rs 301.6-cr penalty on Grasim Industries
    China's factory activity unexpectedly slips into contraction in July
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    August 1, 2026
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    Digital public procurement engagement begins with stakeholder events promoting transparent, efficient and inclusive marketplace governance.
    Government e-Marketplace launched ten-day celebrations preceding its tenth Foundation Day, including a commemorative logo, stakeholder events and recognition of employees, buyers and sellers. The programme begins a year-long nationwide outreach initiative bringing together buyers, sellers, policymakers, industry representatives and ecosystem partners through events, dialogues and collaborative platforms. Its stated focus is technology-enabled, transparent, efficient and inclusive public procurement.
    July 31, 2026
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    Strategic trade controls require dual-use exports to comply with national law and international obligations amid arms-transfer allegations.
    Strategic trade controls governing dual-use exports require Indian exports of dual-use items and technologies to comply with national law and India's international obligations. The stated framework applies to exports to various countries. In response to allegations concerning supplies to Israel, the position notes calls for an arms embargo covering direct or indirect transfers of arms and military material, including weapons, ammunition, parts and components, without determining the underlying allegations.
    July 31, 2026
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    Greenfield airport development under a public-private partnership advances licensed international passenger, cargo, logistics, and sustainable infrastructure.
    A greenfield international airport is being developed under a Public-Private Partnership and Design, Build, Finance, Operate and Transfer framework, with airport, aviation-hub, education and supporting infrastructure components. The airport has obtained an aerodrome licence and required safety, fire and environmental clearances. Passenger, airfield and terminal systems are designed for domestic and international operations. A cargo terminal with cold-chain facilities and integration with port, industrial-corridor and logistics networks are intended to strengthen exports and air-cargo logistics. Recycled-water use and LEED Platinum development standards form part of its environmental measures.
    July 31, 2026
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    Regulatory and legal developments cover trade measures, legislative action, offshore exploration support, court directions and platform algorithm scrutiny.
    The compilation reports proposed United States tariff measures concerning purchasers of Russian oil and gas, India-United Kingdom trade engagement, extension of farmer-support measures, and approval of offshore exploration support. It also covers passage of the Registration of Births and Deaths (Amendment) Bill, 2026, a privilege-motion notice, a criminal sentencing, and directions to appoint a nodal officer for families affected by the Russia-Ukraine war. Regulatory items include industrial credit data and examination of social-media algorithms, bias and public-order implications.
    July 31, 2026
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    Russian oil purchases may trigger proposed targeted tariffs, with periodic reassessment based on countries' purchasing behaviour.
    Proposed United States measures would authorise sanctions against Russia and persons supporting its war in Ukraine, while permitting targeted tariffs on imports from countries purchasing substantial volumes of Russian oil or gas or facilitating sanctions evasion. The framework identifies major purchasers and shadow-fleet facilitators for possible additional tariffs and provides for periodic reassessment and tariff adjustments based on purchasing behaviour. India stated that its energy-security policy rests on national priorities and diversified energy sources.
    July 31, 2026
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    Money-laundering proceedings face challenge over absent predicate offence, alleged lack of criminal intent, and treatment of related FIRs.
    Money-laundering proceedings linked to alleged diversion of homebuyer funds are challenged on the ground that no scheduled offence or criminal intent is attributable to the petitioner. The petitioner relies on his asserted exoneration in two predicate FIRs, where charge sheets did not name him, and settlement of the remaining FIR. Notice was issued for a response and status report, and the petitioner undertook to cooperate with the investigation.
    July 31, 2026
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    Rupee appreciation reflected foreign capital inflows and central bank support, tempered by crude prices and geopolitical tensions.
    Rupee appreciation against the US dollar was linked to sustained foreign capital inflows and Reserve Bank support through dollar selling. Higher crude oil prices, a stronger US dollar and geopolitical tensions in West Asia constrained further gains. A slightly positive near-term rupee bias was associated with softer dollar conditions, dovish US monetary expectations, favourable global markets and improved foreign inflows, while geopolitical risks remained relevant. Domestic equity indices rose, foreign-exchange reserves increased, and fiscal-deficit data showed the central government's position against its full-year target.
    July 31, 2026
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    India-UK trade agreement enables duty-free access and bilateral cooperation on investment, technology, and strategic partnership.
    The India-UK Comprehensive Economic and Trade Agreement provides zero-duty market access in the UK for nearly 99 per cent of India's exports and is intended to expand bilateral trade and investment opportunities. The governments committed to maximise its benefits through the Comprehensive Strategic Partnership, including cooperation on technology, innovation, security, clean energy, education and people-to-people links. Advanced technology collaboration, including artificial intelligence, is also contemplated.
    July 31, 2026
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    Excise duty increases on cigarettes pressured profitability, while calibrated pricing and FMCG growth supported market resilience.
    Excise duty increases on cigarettes affected consolidated profitability, prompting calibrated pricing and portfolio measures to protect market share and limit migration to illicit trade. The cigarette portfolio was re-architected across price points through value-accretive offerings and staggered pricing actions. Non-cigarette FMCG growth was supported by demand for packaged foods, dairy and personal-care products. Input-cost inflation was mitigated through inventory cover, commodity hedging and price-volume rebalancing amid crude-price volatility, supply-chain disruption and imported inflation concerns.
    July 31, 2026
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    One-Time Settlement Scheme offers final pre-GST tax dispute resolution relief before stricter recovery action against defaulters begins.
    The One-Time Settlement Scheme 2025 for pre-GST tax dues has been extended until September 30. Eligible taxpayers may resolve pending legacy tax disputes with full waiver of interest and penalties and slab-wise relief in principal tax. After the deadline, recovery action may be intensified under applicable tax laws and the Punjab Land Revenue Act, including property attachment, auction and freezing of bank accounts. The department also supports amicable settlement of tax disputes through the SAMADHAN initiative.
    July 31, 2026
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    Bilateral trade agreement implementation supports expanded trade, investment and strategic cooperation through technology, security, clean energy and community links.
    The India-UK Comprehensive Economic and Trade Agreement was identified as a framework for expanding bilateral trade and investment opportunities following its operationalisation. The two governments proposed closer cooperation to use the agreement for shared prosperity, while advancing their comprehensive strategic partnership through technology, innovation, defence, security, clean energy, education and people-to-people links.
    July 31, 2026
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    Sectoral bank credit growth reflects broad-based expansion across industry, services, agriculture and personal loans, with slower credit-card growth.
    Sectoral bank credit growth accelerated across non-food lending, agriculture, industry, services and personal loans. Industrial credit expanded across micro and small, medium and large enterprises, with strong lending to infrastructure, engineering, food processing, textiles, construction, metals, petroleum-related products and chemical products. Services lending was supported by non-banking financial companies, commercial real estate and trade. Vehicle and housing loans maintained double-digit growth, while credit-card outstanding growth decelerated.
    July 31, 2026
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    Foreign exchange reserves increased as foreign currency assets and gold holdings rose, alongside measures to attract forex inflows.
    India's foreign exchange reserves increased during the reporting week, principally because foreign currency assets and gold reserves rose. Foreign currency assets, expressed in United States dollar terms, include valuation effects from movements in currencies such as the euro, pound and yen. Special Drawing Rights and the reserve position with the International Monetary Fund declined. Measures including the FCNR(B) measure were reported as efforts to attract foreign-exchange inflows following rupee pressure and dollar-sales intervention.
    July 31, 2026
    Show AI Summary
    Digital marketplace access for women's self-help group products expands e-commerce opportunities while panchayat-level citizen services are strengthened.
    Digital marketplace access for women's self-help group products is proposed through a memorandum of understanding between CSC eStore and the Jharkhand State Livelihood Promotion Society. Products marketed under the 'Palash' and 'Adiva' brands are intended to be offered through an e-commerce network to widen market access, support rural women's income and entrepreneurship, and strengthen the rural economy. Digital panchayat services are also being expanded through Common Service Centres, including banking, e-governance and Aadhaar-related services.
    July 31, 2026
    Show AI Summary
    Agricultural export facilitation expands market access for late-season mangoes through farmer aggregation and direct global market linkages.
    Agricultural export facilitation enabled an air shipment of late-season Neelam and Totapuri mangoes to an international market, expanding market access and extending the mango export season. Direct sourcing through a Farmer Producer Company supported organised aggregation, quality produce, and export-oriented supply chains. Direct procurement and export market linkages enabled participating farmers to realise higher returns than conventional market channels while promoting horticultural export diversification.
    July 31, 2026
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    Cross-border digital payment integration enables real-time Favara transfers from Maldives mobile banking applications to UPI-enabled accounts in India.
    Cross-border digital payment integration between Favara and UPI enables individuals in the Maldives to make real-time person-to-person transfers to UPI-enabled bank accounts in India through mobile banking applications. Transfers are initiated in Maldivian Rufiyaa and credited in Indian Rupees. The initial service is available through participating Maldivian banks. Permitted remittances include family-maintenance transfers under foreign inward and outward remittance categories, and gift-related transfers under foreign outward remittance. Future phases are intended to introduce QR-based merchant payments and other digital payment services.
    July 31, 2026
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    Procedural Fair Hearing in competition inquiries requires notice when the Commission departs from investigative findings before imposing action.
    Competition law procedure requires the Competition Commission to notify and hear an opposite party when departing from the Director General's findings. The penalty order concerning alleged abuse of dominance in viscose staple fibre supply was set aside because Grasim Industries was not given an opportunity to respond to the Commission's disagreement with the investigative findings. The matter was remanded for fresh, time-bound consideration without a finding on the merits.
    July 31, 2026
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    Manufacturing contraction highlights weak domestic demand, property-sector pressure and continued reliance on technology-related exports for economic growth.
    Manufacturing activity in China contracted in July, as the official purchasing managers' index fell below the expansion threshold and new orders and production declined. Weak domestic demand, lower building activity and possible typhoon-related disruptions contributed to the slowdown. Consumer spending, investment and property-sector weakness continue to affect confidence, while technology-related exports support growth. Policy commitments include strengthening domestic consumption amid continued reliance on exports.

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      PM Modi takes '3 MPs of family' jibe at Gandhis, tears into AAP in LS speech

      February 4, 2025

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      New Delhi, Feb 4 (PTI) Prime Minister Narendra Modi on Tuesday excoriated Congress leader Rahul Gandhi saying those speaking of "declaring a war on the Indian State" can appreciate neither Constitution nor national unity as he launched a spirited counter-offensive in Lok Sabha against the Opposition.

      With Rahul Gandhi leading the Congress' attempts to corner the ruling alliance for its alleged neglect of the interests of the weaker sections of society, the prime minister asked to the cheers from treasury benches if at any point of time three members of a Scheduled Castes or Scheduled Tribes family have served as MPs together.

      Replying to the two-day discussion on the Motion of Thanks to the President's Address, he said, "I want to pose a very important question to the countrymen," and then added after raising the issue, "The answer to my question will show the huge gap between the words and action of some people. The gap is like between the earth and sky, day and night." The prime minister's point was clearly aimed at the Gandhi family as their three members, Sonia Gandhi, Rahul and Priyanka, are currently parliamentarians.

      He also accused Rahul Gandhi of openly speaking the language of urban naxals and said it is the country's misfortune.

      "Those who declare a war on the Indian state can understand neither the Constitution nor the country's unity," he said.

      Gandhi had said during the inauguration of his party's new headquarters last month that the Congress is fighting the Indian state, as he accused the government of using its machinery to target the opposition.

      In his nearly 95-minute speech, Modi reeled out figures to highlight his government's work for the SC, ST and OBC to rebut the Congress' allegations while keeping AAP leader Arvind Kejriwal in the line of fire for his alleged corruption and false promises, a day before the assembly polls are held in Delhi.

      Without raising any tension in the society, his government has worked the welfare of disadvantaged sections while keeping people united, Modi said, asserting that more opportunities have been created for them in every field.

      It has become a fashion for some leaders to talk of castes, he said touching on Gandhi's pet issue of caste census, adding that the MBBS seats available for SC, ST and OBC students have risen from 7,700 to 17,000, from 3,800 to 9,000 and from 14,000 to 32,000 respectively as the number of medical colleges jumped to 780 from 387 under his government.

      He also asserted that his government saved lakhs of crores of rupees since 2014, including over Rs 3 lakh crore by striking off over 10 crore fake beneficiaries of welfare schemes, and used the money for nation-building and not building "sheesh mahal", a jibe at the former Delhi chief minister.

      The BJP has been using the term 'sheesh Mahal', a colloquial Hindi term for an opulent house, to allege a "big scam" in the reconstruction of Kejriwal's official bungalow.

      Modi criticised Sonia Gandhi's "poor thing" comments for President Droupadi Murmu following her address on January 31 as insulting to the "daughter of a poor family" and slammed such mindset.

      A day after Rahul Gandhi targeted the government over its foreign policy, including China's alleged intrusion, Modi sought to make light of his charge saying some people think that they will not look mature unless they touch on the issues of external affairs.

      Such leaders, he said, should read "JFK's Forgotten Crisis", a book with some unflattering description of Jawaharlal Nehru.

      Taking on the Congress over its charge that he has worked to weaken the Constitution, he said referring to the treasury benches, "Those who live the Constitution are sitting here. When 'satta' (government power) is service then nation-building takes place. When satta becomes inheritance, then democracy is finished." His government, Modi said, included the leader of the largest opposition party in selection process for important functionaries even when there was no recognised opposition after the 2014 polls. It has now made a law so that the the Leader of the Opposition becomes a member of the panel to select election commissioners, he added.

      He cited different measures, including incorporating the history of all prime ministers in the PM Museum against the "family's museum" and building the tallest status in India Sardar Vallabhbhai Patel, a prominent Congress leader, to assert his government's commitment to the Constitution and its spirit. Turning to Kejriwal, the leader of Delhi's ruling Aam Aadmi Party, Modi flayed him for corruption, false promises and denying health benefits to the city's residents, especially senior citizens, by not adopting the Centre's health insurance scheme of Ayushman Bharat.

      "Some parties are like 'AAP-da' for the future of the youth," he said in the speech in which he did not directly name either Gandhi or Kejriwal.

      He also said those who walk with a copy of the Constitution in their pockets made Muslim women suffer due to the practice of triple talaq while his government gave them equal rights by abolishing the practice.

      Modi said Murmu's speech has infused new confidence in the goal of building 'Viksit Bharat' and inspired people as he noted that people have given him 14th opportunity to reply to the Motion on a President's Address.

      Over 25 crore people have been lifted out of poverty during his government's 10-year tenure, he said, and took a swipe at former prime minister Rajiv Gandhi for repeatedly speaking of the need for preparing India for the 21st century while doing little to meet its needs of the 20th century. Rahul Gandhi's father was at helm between 1984 and 1989.

      Citing a cartoon of the famous R K Laxman showing a plane depicting 21st century being carried on a cart pushed by people, he said it showed how much disconnected was the then prime minister from the reality.

      Modi invoked his own humble background to assert that when a person, who is connected to the ground, understands the ground reality and lives his life on the ground, spends his life for the poor, then changes follow.

      Over Rs 40 lakh crore was credited to people's bank accounts directly by his government, he added.

      His government has spent a massive amount of money on development and used its resources to boost their savings as well, Modi said. Before his government came to power, those earning only Rs 2 lakh were exempt from Income Tax while the threshhold is now Rs 12 lakh.

      Against the earlier politics of appeasement, his government has worked to ensure that its benefits reach every by following the politics of satisfaction, Modi said and recalled the BJP's big win in Haryana and Maharashtra assembly polls to underscore the popular trust it enjoys.

      Expressing confidence of people's continuing support to the BJP, he said he said he was only in his third term and the masses will give his party many more opportunities to serve them. PTI ASK/KR SKU NAB ZMN

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