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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
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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.

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      Violent attacks on Tesla dealerships spike as Musk takes prominent role in Trump White House

      March 19, 2025

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      Seattle, Mar 19 (AP) Cybertrucks set ablaze. Bullets and Molotov cocktails aimed at Tesla showrooms.

      Attacks on property carrying the logo of Elon Musk's electric-car company are cropping up across the US and overseas. While no injuries have been reported, Tesla showrooms, vehicle lots, charging stations and privately owned cars have been targeted.

      In Canada, Tesla was removed from an international auto show over safety concerns.

      There has been a clear uptick in Tesla attacks since President Donald Trump took office and empowered Musk to oversee a new Department of Government Efficiency (DOGE) that is slashing government spending.

      Experts on domestic extremism say it's impossible to know yet if the spate of incidents will balloon into a long-term pattern.

      In Trump's first term, his properties in New York City, Washington and elsewhere became a natural place for protest. In the early days of his second term, Tesla is filling that role.

      “Tesla is an easy target,” said Randy Blazak, a sociologist who studies political violence. “They're rolling down our streets. They have dealerships in our neighbourhoods.” Musk critics have organised dozens of peaceful demonstrations at Tesla dealerships and factories across North America and Europe. Some Tesla owners, including a US senator who feuded with Musk, have vowed to sell their vehicles.

      But the attacks are keeping law enforcement busy.

      Prosecutors in Colorado charged a woman last month in connection with a string of attacks on Tesla dealerships, including Molotov cocktails thrown at vehicles and the words “Nazi cars” spray-painted on a building.

      And federal agents in South Carolina last week arrested a man they say set fire to Tesla charging stations near Charleston. An agent from the Bureau of Alcohol, Tobacco, Firearms and Explosives wrote in an affidavit that authorities found writings critical of the government and DOGE in his bedroom and wallet.

      “The statement made mention of sending a message based on these beliefs,” the agent wrote.

      A number of the most prominent incidents have been reported in left-leaning cities in the Pacific Northwest, like Portland, Oregon, and Seattle, where anti-Trump and anti-Musk sentiment runs high.

      An Oregon man is facing charges after allegedly throwing several Molotov cocktails at a Tesla store in Salem, then returning another day and shooting out windows.

      In the Portland suburb of Tigard, more than a dozen bullets were fired at a Tesla showroom last week, damaging vehicles and windows, the second time in a week that the store was targeted.

      Four Cybertrucks were set on fire in a Tesla lot in Seattle earlier this month. On Friday, witnesses reported a man poured gasoline on an unoccupied Tesla Model S and started a fire on a Seattle street.

      In Las Vegas, several Tesla vehicles were set ablaze early Tuesday outside a Tesla service centre where the word “resist” was also painted in red across the building's front doors. Authorities said at least one person threw Molotov cocktails — crude bombs filled with gasoline or another flammable liquid — and fired several rounds from a weapon into the vehicles.

      “Was this terrorism? Was it something else? It certainly has some of the hallmarks that we might think — the writing on the wall, potential political agenda, an act of violence,” Spencer Evans, the special agent in charge of the Las Vegas FBI office, said at a news conference. “None of those factors are lost on us.” Tesla becomes a target for the left Tesla was once the darling of the left. Helped to viability by a USD 465 million federal loan during the Obama administration, the company popularised electric vehicles and proved, despite their early reputation, that they didn't have to be small, stodgy, underpowered and limited in range.

      More recently, though, Musk has allied himself with the right. He bought the social network Twitter, renamed it X and erased restrictions that had infuriated conservatives. He spent an estimated USD 250 million to boost Trump's 2024 Republican campaign, becoming by far his biggest benefactor.

      Musk continues to run Tesla — as well as X and the rocket manufacturer SpaceX — while also serving as Trump's adviser.

      Tesla stock doubled in value in the weeks after Trump's election but has since shed all those gains.

      Trump gave a boost to the company when he turned the White House driveway into an electric vehicle showroom. The president promoted the vehicles and said he would purchase an USD 80,000 Model S, eschewing his fierce past criticism of electric vehicles.

      Tesla did not respond to a request for comment. Musk briefly addressed the vandalism Monday during an appearance on Sen Ted Cruz's podcast, saying “at least some of it is organised and paid for” by “left-wing organisations in America, funded by left-wing billionaires, essentially.” “This level of violence is insane and deeply wrong,” Musk wrote Tuesday on X, sharing a video of burning Teslas in Las Vegas. “Tesla just makes electric cars and has done nothing to deserve these evil attacks.” The progressive group Indivisible, which published a guide for supporters to organise “Musk Or Us” protests around the country, said in a statement that all of its guidance is publicly available and “it explicitly encourages peaceful protest and condemns any acts of violence or vandalism.” Some Tesla owners have resorted to cheeky bumper stickers to distance themselves from their vehicle's new stigma and perhaps deter would-be vandals. They say things like “I bought this before we knew Elon was crazy” or “I just wanted an electric car. Sorry guys.” Prices for used Cybertrucks, Tesla's most distinctive product, have dropped nearly 8 per cent since Trump took office, according to CarGurus, which aggregates used car vehicle listings. The market as a whole remained steady over the period.

      The White House vows a crackdown The White House has thrown its weight behind Musk, the highest-profile member of Trump's administration and a key donor to committees promoting Trump's political interests.

      Trump has said Tesla vandalism amounts to “domestic terror,” and Trump has threatened retribution, warning that those who target the company are “going to go through hell.” Attorney General Pam Bondi said she'd opened an investigation “to see how is this being funded, who is behind this.” “If you're going to touch a Tesla, go to a dealership, do anything, you better watch out because we're coming after you,” Bondi said Friday on Fox Business Network. In a statement Tuesday, she vowed to “continue investigations that impose severe consequences,” including for “those operating behind the scenes to coordinate and fund these crimes.” Colin Clarke, a senior research fellow at the Soufan Centre, said left-wing political violence tends to target property rather than people. He views the rise of neo-Nazi groups as a bigger security threat at this point.

      “It's not the type of act that I would prioritise,” Clarke said. “Not right now compared to all the other threats that are out there.” Theresa Ramsdell is the president of the Tesla Owners of Washington state, a club for Tesla enthusiasts, and she and her husband own three of them.

      “Hate on Elon and Trump all you want — that's fine and dandy, it's your choice,” she said. “It doesn't justify ruining somebody's property, vandalising it, destroying it, setting it on fire. There's other ways to get your voice heard that's more effective.” Someone recently slapped a “No Elon” sticker on the tailgate of her Cybertruck, but she said she doesn't intend to stop driving her Teslas. Other club members have taken a similar view, she said.

      “I love my car. It's the safest car,” Ramsdell said. “I'm not going to let somebody else judge me for the car I drive.” (AP) NPK NPK

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