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    Raymond Lifestyle Limited Delivered a stable Q1 FY27 Performance
    Rupee rises 31 paise to 95.12 against US dollar in early trade
    Customs seizes 8 kg gold worth over Rs 11 cr at Kerala airports in one week
    Drill, Baby, Drill: India to fund Rs 650 cr per well for 60 deepsea wells to break its oil import habit
    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
    Department of Commerce Holds Workshop on Trade and Sustainable Development Policy Landscape
    GeM Launches 10-Day Celebrations Ahead of 10th Foundation Day, Unveils Commemorative Logo
    All Indian exports of dual-use items comply with international obligations: MEA
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    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
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    Goods and Services Tax collections rise on domestic consumption and imports, while elevated import revenue prompts assessment of underlying drivers.
    Goods and Services Tax collections for July increased over the corresponding prior-year period, supported by domestic sales and imports. Gross receipts included Central GST, State GST and Integrated GST, with net GST revenue calculated after adjusting refunds. For the April-July period, gross and net collections also increased. Commentary linked domestic GST growth to consumption, formalisation and industrial activity, while identifying elevated import GST collections as an area requiring assessment of import composition, currency effects and volumes.
    August 1, 2026
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    GST revenue collections show provisional gross, refund and net revenue trends, with State-wise settlement and domestic collection data.
    GST revenue collections for July 2026 are reported provisionally through gross domestic and import revenue, domestic and export-related refunds, and net GST revenue after refunds. The data also sets out SGST collections and the SGST share of IGST settled to States and Union Territories, both monthly and cumulatively. State-wise domestic GST growth excludes GST on imported goods, while jurisdiction-wise data allocates collections between central and State formations and identifies CGST, SGST and IGST components.
    August 1, 2026
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    Bilateral trade cooperation expands through a Joint Trade Committee covering investment, critical minerals, healthcare, digital technologies and market access.
    Bilateral trade and investment cooperation between India and Rwanda is to be advanced through a structured Joint Trade Committee mechanism for reviewing commerce, diversifying trade, promoting investment, facilitating business engagement and addressing market-access and logistical issues. Priority cooperation includes critical minerals, pharmaceuticals and healthcare, agriculture and agro-processing, standards harmonisation, digital public infrastructure, fintech, cybersecurity, green mobility and renewable energy. Investment focal points will support engagement, while capacity-building assistance and close monitoring of the Agreed Minutes are intended to support time-bound implementation.
    August 1, 2026
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    GST collection growth in West Bengal continued year-on-year in July but remained below the national growth trend.
    West Bengal's July GST collection increased year-on-year and over the preceding month, marking a second consecutive month of annual growth. Official data also indicated that the State's annual growth rate was below the national trend, while gross domestic GST revenue excluding imports and overall gross GST collections including import-related taxes rose nationally during July.
    August 1, 2026
    Show AI Summary
    GST collection growth reflects higher revenue mobilisation from domestic transactions and imports, with refunds adjusted in net revenue.
    Goods and Services Tax collections increased in July, driven by higher revenue from domestic transactions and imports. The gross collection comprised Central GST, State GST and Integrated GST components. Refunds also increased during the month, and net GST revenue was determined after adjustment of refund outflows from gross tax receipts.
    August 1, 2026
    Show AI Summary
    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
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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.

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      Syria's Druze seek place in changing nation, navigating pressures from government, Israel

      March 10, 2025

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      Jaramana (Syria), Mar 10 (AP) Syria's Druze minority has a long history of cutting their own path to survive among the country's powerhouses. They are now trying again to navigate a new, uncertain Syria since the fall of longtime autocrat Bashar Assad.

      Members of the small religious sect find themselves caught between two forces that many of them distrust: the new, Islamist-led government in Damascus and Syria's hostile neighbor, Israel, which has used the plight of the Druze as a pretext to intervene in the country.

      Syria's many religious and ethnic communities are worried over their place in the new system.

      The transitional government has promised to include them, but has so far kept authority in the hands of the Islamist former insurgents who toppled Assad in December -- Hayat Tahrir al-Sham, or HTS. That and HTS's past affiliation with Sunni Muslim extremist al-Qaida, has minorities suspicious.

      The most explosive hostilities have been with the Alawite religious minority, to which Assad's family belongs. Heavy clashes erupted this week between armed Assad loyalists and government forces, killing at least 70, in the coastal regions that are the Alawites' heartland.

      In contrast, the Druze -- largely centered in southern Syria -- have kept up quiet contacts with the government. Still, tensions have broken out.

      Last week in Jaramana, a suburb of Damascus with a large Druze population, unknown gunmen killed a member of the government's security forces, which responded with a wave of arrests in the district.

      Israel's Prime Minister Benjamin Netanyahu and military officials weighed in by threatening to send forces to Jaramana to protect the Druze. Druze leaders quickly disavowed the offer. But soon after, someone hung an Israeli flag in Sweida, an overwhelmingly Druze region in southern Syria, prompting residents to quickly tear it down and burn it.

      Many fear another flare-up is only a matter of time.

      Multiple Druze armed militias have existed for years, originally set up to protect their communities against Islamic State group fighters and drug smugglers coming in from the eastern desert. They have been reluctant to set down their arms. Recently a new faction, the Sweida Military Council, proclaimed itself, grouping several smaller Druze militias.

      The result is a cycle of mistrust, where government supporters paint Druze factions as potential separatists or tools of Israel, while government hostility only deepens Druze worries.

      A struggle to unite a divided country On the outskirts of Sweida, a commander in Liwa al-Jabal, a Druze militia, stood on a rooftop and scanned the hills with binoculars. He spoke by walkie-talkie with a militiaman with an assault rifle below. They were watching for any movement by militants or gangs.

      “Our arms are not for expansionist purposes. They're for self-defence and protection,” said the commander, who asked to be identified only by his nickname Abu Ali for security reasons. “We have no enemies except those who attack us.” Abu Ali, who is a metal worker as his day job, said most Druze militiamen would merge with a new Syrian army if it's one that “protects all Syrians rather than crushes them like the previous regime”.

      The Druze religious sect began as a 10th-century offshoot of Ismailism, a branch of Shiite Islam. Over half of the roughly 1 million Druze worldwide live in Syria. Most other Druze live in Lebanon and Israel, including in the Golan Heights, which Israel captured from Syria in the 1967 Mideast War and annexed in 1981.

      In Syria, the Druze take pride in their fierce independence. They were heavily involved in revolts against Ottoman and French colonial rule to establish the modern Syrian state.

      During Syria's civil war that began in 2011, the Druze were split between supporters of Assad and the opposition. The Sweida region stayed quiet for much of the war, though it erupted with anti-government protests in 2023.

      Assad reluctantly gave Druze a degree of autonomy, as they wanted to avoid being involved on the frontlines. The Druze were exempted from conscription into the Syrian army and instead set up local armed factions made of workers and farmers to patrol their areas.

      Druze say they want Syria's new authorities to include them in a political process to create a secular and democratic state.

      “Religion is for God and the state is for all” proclaimed a slogan written on the hood of a vehicle belonging to the Men of Dignity, another Druze militia patrolling the outskirts of Sweida.

      Being inclusive will not hurt him Many Druze quickly rejected Israel's claims to protect the minority. Hundreds took to the streets in Sweida to protest Netanyahu's comments.

      “We are Arabs, whether he or whether the Lord that created him likes it or not. Syria is free,” said Nabih al-Halabi, a 60-year-old resident of Jaramana.

      He and others reject accusations that the Druze want partition from Syria.

      But patience is wearing thin over what many see as arbitrary layoffs of public sector workers, shortage of economic opportunities, and the new authorities' lack of more than token inclusion of Syrians from minority communities. For the first time, a protest took place in Sweida on Thursday against Damascus' new authorities.

      Interim President Ahmad al-Sharaa has promised to create an inclusive system, but the government is made up mostly of his confidantes. The authorities convened a national dialogue conference last week, inviting Syrians from different communities, but many criticised it as rushed and not really inclusive.

      “What we are seeing from the state today, in our opinion, does not achieve the interests of all Syrians,” said retired nurse Nasser Abou-Halam, discussing local politics with other residents in Sweida's public square where near-daily protests took place.

      “It's a one-colour government, with leadership appointed through factions rather than through elections.” Al-Sharaa “has a big opportunity to be accepted just to be Syrian first and not Islamist first. Being inclusive will not hurt him”, said Bassam Barabandi, a former Syrian diplomat currently based in Washington. “On the contrary, it will give him more power.” Economic woes shorten the honeymoon Syria's new leaders have struggled to convince the United States and its allies to lift Assad-era sanctions. Without the lifting of sanctions, it will be impossible for the government to rebuild Syria's battered infrastructure or win over minority communities, analysts say.

      “I'm scared sanctions won't be lifted and Syria won't be given the chance,” said Rayyan Maarouf, who heads the activist media collective Suwayda 24. He has just returned to Sweida after fleeing to Europe over a year ago because of his activism.

      “Syria could go back to a civil war, and it would be worse than before,” he said.

      Outside Sweida, Abu Ali was helping train new volunteers for the militia. Still, he said he hopes to be able to lay down his weapons.

      “There is no difference between the son of Sweida or Jaramana and those of Homs and Lattakia,” he said. “People are tired of war and bloodshed … weapons don't bring modernism.” (AP) PY PY

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