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    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
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    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
    Show AI Summary
    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
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    GST collection growth reflects higher revenue mobilisation from domestic transactions and imports, with refunds adjusted in net revenue.
    Goods and Services Tax collections increased in July, driven by higher revenue from domestic transactions and imports. The gross collection comprised Central GST, State GST and Integrated GST components. Refunds also increased during the month, and net GST revenue was determined after adjustment of refund outflows from gross tax receipts.
    August 1, 2026
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    Concessional foreign-exchange swaps encourage bank deposits and foreign borrowings to strengthen balance-of-payments resilience and foreign-exchange liquidity.
    The Reserve Bank of India introduced a concessional foreign-exchange swap facility to encourage foreign-currency inflows, strengthen the balance of payments and support foreign-exchange liquidity. The facility applies to fresh Foreign Currency Non-Resident (Bank) deposits, Overseas Foreign Currency Borrowings and External Commercial Borrowings. Foreign Currency Non-Resident (Bank) deposits constitute the principal source of inflows mobilised under the arrangement. The facility is available for specified time-bound periods, with a later availability period for Overseas Foreign Currency Borrowings and External Commercial Borrowings.
    August 1, 2026
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    Unauthorised pledge of listed-company land triggered securities-market bars for disclosure failures and misuse of management authority.
    Unauthorised pledge of ZEEL's Hyderabad land as security for loans obtained by promoter-linked entities was treated as a related-party transaction lacking prior audit committee approval. ZEEL failed to disclose the land's deployment in its financial statements. Its Chairman Emeritus was stated to have transferred title deeds by falsely representing management approval and to have concealed the transaction's nature. Securities-market prohibitions and monetary penalties were imposed with immediate effect.
    August 1, 2026
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
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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
    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
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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.

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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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