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    All Indian exports of dual-use items comply with international obligations: MEA
    PM Modi to inaugurate Bhogapuram Airport in Andhra on Aug 1
    HIGHLIGHTS
    Closely monitoring: India on US bill seeking up to 100 % tariffs on purchasers of Russian oil
    Delhi HC seeks ED stand on Nayan Raheja's plea against money laundering case
    Rupee appreciates 7 paise to close at 95.43 against US dollar
    PM Modi, UK PM Burnham commit to harnessing full potential of mega trade deal
    ITC Q1 profit declines 15.6 pc to Rs 4,508.79 cr; non-cigarette FMCG posts robust growth
    Punjab extends deadline of one-time scheme for settling tax dues of pre-GST period till Sept 30
    PM Modi speaks to UK counterpart Burnham
    Bank credit to industry records robust growth of 19.2 pc in June: RBI data
    Delhi protesters' fingerprints collected from stones for identification via Aadhaar: BJP minister
    Cabinet approves Rs 84,084-cr offshore exploration scheme; govt to fund up to Rs 650 cr per well
    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
    PM Modi to inaugurate Bhogapuram Airport on Aug 1 in Andhra Pradesh
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    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
    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
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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
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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
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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.
    July 31, 2026
    Show AI Summary
    Public-private partnership airport development strengthens aviation, cargo logistics, export infrastructure and sustainable connectivity through an integrated international airport project.
    The Bhogapuram airport project is being implemented under a Public-Private Partnership through the Design, Build, Finance, Operate and Transfer framework. It has obtained required aerodrome, safety, fire and environmental clearances and includes infrastructure for domestic and international aviation, passenger processing and airport security. Cargo and cold-chain facilities are intended to support exports and logistics integration, while recycled-water use and LEED Platinum standards form part of the project's sustainability features.

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      After years of firm support, 10 days upended US approach to Ukraine

      February 22, 2025

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      Kyiv, Feb 22 (AP) As Ukraine approached the three-year mark of Russia's full-scale invasion, the country's hoped-for path to a favourable and lasting peace was upended in a matter of days by the administration of US President Donald Trump.

      Kyiv had benefited from years of staunch support by its allies in the United States and Europe which had provided crucial military and financial support to help defend against Moscow's grinding incursions.

      But when Trump held a lengthy phone call with Russian President Vladimir Putin last week — undoing years of US policy to isolate the Russian leader over his aggression — it was taken as a signal in Kyiv and other European capitals that their alliance to contain Moscow was fraying.

      Here's a timeline of events: Wednesday, Feb 12 On their 90-minute call, Trump and Putin agreed to begin negotiations to end the war, a move that was met with jubilation in Russia but which Ukrainian President Volodymyr Zelenskyy had warned would be “ very dangerous " if Ukraine were excluded from talks.

      Although Trump spoke to Zelenskyy immediately after the Putin call, US Defence Secretary Pete Hegseth said that day that NATO membership for Ukraine, something Kyiv believes would protect the country and Europe from future Russian attacks, was unrealistic. He suggested Ukraine should abandon hopes of winning all its territory back, a perspective that is remarkably close to Moscow's.

      The breakneck speed of Trump's transformation of US policy toward Ukraine and Russia left many war-weary Ukrainians feeling that they were being left out of the conversation on their future, and fearing that a deal forced by Washington and Moscow would result in lost territory and vulnerability to future Russian aggression.

      Friday, Feb 14 European leaders had their first chance to meet with members of the new Trump administration at the Munich Security Conference in Germany, where they hoped to gain clarity on Trump's approach to the war.

      But leaders were stunned as senior US officials including Vice President JD Vance lambasted European nations, gave mixed signals on support for Kyiv and suggested Europe would not be at the table for negotiations on Ukraine.

      During highly anticipated talks between Vance and Zelenskyy in Munich, the Ukrainian leader told Vance that his country needed security guarantees as a precondition for engaging in any talks with Moscow to end the war.

      Zelenskyy also said he'd ordered his ministers not to sign off on a proposed agreement to give the United States access to Ukraine's rare earth minerals, a key part of his talks with Vance. Ukrainian officials said the U.S. proposal did not offer any specific security guarantees in return for access to Ukraine's vast reserves of critical minerals that are used in the aerospace, defense and nuclear industries.

      A senior White House official described Zelenskyy's refusal as “short-sighted.” Sunday, Feb 16 On the final day of the conference, French President Emmanuel Macron began rallying European leaders to fortify their support for Ukraine, with his foreign minister announcing an emergency “working meeting” in Paris to assess the continent's next steps.

      Meanwhile, amid concerns that U.S. support for Kyiv was faltering, a group of European countries was quietly working on a plan to send troops into Ukraine to help enforce any future peace settlement with Russia.

      Tuesday, Feb 18 US and Russian officials met for talks in Saudi Arabia's capital, sidestepping Kyiv and its European backers. The two countries agreed to work together to end the war in Ukraine and to improve diplomatic and economic ties, an extraordinary about-face in US foreign policy.

      Yet the three US principals at the meeting in Riyadh — Secretary of State Marco Rubio, national security adviser Mike Waltz and Trump's special Mideast envoy Steve Witkoff — maintained that the four-hour discussion was aimed mainly at assessing Russia's seriousness about wanting a peace deal.

      All three said publicly that no specific proposals had been put on the table, and that it remained to be seen if the Russians were willing to negotiate in good faith.

      They also rejected assertions that either Ukraine or the Europeans were being excluded, noting that although they weren't present in Riyadh, Trump, Vance and Rubio had all spoken with both Zelenskyy and European officials who would be involved if and when peace talks actually start.

      Zelenskyy dismissed the talks, saying they would “yield no results” in the absence of Ukrainian participation. He postponed a plan to visit Riyadh the next day to avoid any linkage of his trip with the U.S.-Russia meeting.

      Trump showed little patience for Kyiv's objections to being sidelined in Riyadh, and ramped up inflammatory rhetoric that caused anger and alarm in Ukraine and seemed to contradict the assurances that Rubio, Waltz and Witkoff had endeavored to provide.

      Speaking from his Mar-a-Lago resort, Trump made the jarring suggestion that Ukraine itself was responsible for starting the war that has cost tens of thousands of Ukrainian lives, and criticized Zelenksyy for Ukraine delaying elections because of the invasion, in accordance with the Ukrainian Constitution.

      Wednesday, Feb 19 Trump's comments, and a Wednesday post on social media that called Zelenskyy a “dictator,” led to Zelenskyy saying that some of the president's claims were “disinformation” that originated in Russia, and that he would like Trump's team “to be more truthful.” Trump, Zelenskyy said, is living in a Russian-made “disinformation space.” As relations between the two leaders eroded, one thing remained on the horizon that some observers thought could serve to lower the temperature on the disagreements between Washington and Kyiv: Trump's special envoy for Ukraine and Russia, Ret. Lt. Gen. Keith Kellogg, arrived in Ukraine's capital by train Wednesday morning for discussions with Zelenskyy and other officials.

      Kellogg has long been Trump's top adviser on defense issues. He was due to speak with Zelenskyy about Trump's efforts to end the war, and the Ukrainian leader had previously said he looked forward to explaining what was happening in Ukraine to Kellogg and accompanying him to see the front line.

      Thursday, Feb 20 A news conference that was set to follow a meeting between Zelenskyy and Kellogg was abruptly cancelled at the request of the U.S. delegation.

      Friday, Feb 21 In a complimentary gesture that stood in stark contrast with the tone of the preceding days, Kellogg wrote on X that he'd had a “long and intense day with the senior leadership of Ukraine.” He said he'd had positive discussions with "the embattled and courageous leader of a nation at war and his talented national security team.” Still, Trump continued to lay into Zelenskyy, grumbling that a visit to Kyiv last week by U.S. Treasury Secretary Scott Bessent was “a wasted trip” after the Ukrainian side declined to agree to a U.S. proposal to procure profits on rare earth minerals.

      At the same time, Waltz, Trump's national security adviser, expressed confidence that Zelenskyy would seal a rare earths deal. "Here's the bottom line. President Zelenskyy is going to sign that deal,” Waltz said.

      Trump, speaking to “The Brian Kilmeade Show” on Fox News radio, also dismissed Zelenskyy's complaints about not being included in the Saudi talks. He voiced certainty that Putin wanted to strike a deal.

      “He doesn't have to make a deal," Trump said of Putin. “Because if he wanted, he would get the whole country.” (AP) NSA NSA

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