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    Trane Technologies Reports Strong Second Quarter Results; Raises Full-Year Revenue and EPS Guidance
    CBN dismantles inter-state counterfeit drug network in Bihar under Operation Vajra; mastermind arrested
    DRI seizes quantities of gold; drugs, e-cigarettes and other contraband in pan-India Ops; 20 persons, including 5 foreign nationals, arrested
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    West Bengal GST collection rises 2 pc in July to Rs 5,564 crore
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    August 3, 2026
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    Forward-looking financial disclosure raises revenue and earnings guidance while describing non-GAAP measures, capital allocation, and material business risks.
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    August 3, 2026
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    Counterfeit drug enforcement targets illicit manufacture, storage and trafficking networks, with coordinated seizures and referral of non-narcotic stock.
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    August 3, 2026
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    Anti-smuggling enforcement targets concealed gold, narcotics, protected products, prohibited e-cigarettes and restricted imports through coordinated intelligence operations.
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    August 3, 2026
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    Tax devolution advance instalment strengthens State finances for accelerated capital and developmental expenditure through distribution of Union tax proceeds.
    Tax devolution was released to State Governments as an additional advance instalment alongside the normal monthly devolution schedule. The fiscal transfer shares net proceeds of Union taxes and duties with States, with the stated purpose of strengthening State finances and supporting accelerated capital and developmental expenditure. The release includes a State-wise distribution of tax-devolution proceeds.
    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.
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    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.
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    Offshore exploration funding supports deepwater drilling, shared infrastructure and seismic data to strengthen domestic hydrocarbon production potential.
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    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.
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    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.
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    Economic-offences fraud chargesheets address alleged fictitious loans, forged insurance surrender papers, and diversion of bank and policy funds.
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    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.
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    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.

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      Video on SC site, chronology of events contradict DFS claim that no cash found from judge's house

      March 23, 2025

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      New Delhi, Mar 23 (PTI) The Delhi High Court's inquiry report and a video uploaded on the Supreme Court website have cast doubt on the Delhi Fire Services' claim that fire fighters found no cash while dousing flames at the official residence of Justice Yashwant Varma, a Delhi High Court judge, on March 14.

      The video, shared by Police Commissioner Sanjay Arora with Delhi High Court Chief Justice Devendra Kumar Upadhyaya, was uploaded on the apex court's website as part of the 25-page report on Saturday night.

      The video, which has since gone viral on social media, shows Delhi Fire Services (DFS) fire fighters dousing the flames on articles that apparently included half-burnt Indian currency notes.

      DFS chief Atul Garg had, on March 21, told PTI that fire fighters did not find any cash from Justice Varma's residence during a fire incident on March 14.

      "Soon after dousing the flames, we informed police about the fire incident. Thereafter, a team of fire department personnel left the spot. Our fire fighters did not find any cash during the fire-fighting operation," he had told PTI and two electronic news channels on March 21.

      The discrepancies in the two accounts are glaring.

      The DFS chief had also said that the control room received a call about the blaze at Justice Varma's Lutyens' Delhi residence at 11:35 pm on March 14 and two fire tenders were rushed to the spot.

      The inquiry report of the Delhi High Court chief justice, however, apparently contradicts this as well.

      The report of Justice Upadhyaya says the Delhi police chief told him on March 16 that Justice Varma's personal secretary called the police control room first to inform about the fire incident at the residence of the judge and that the DFS was not informed separately.

      "It has also been informed that the fire service was not informed separately, though once PCR was contacted, the information relating to fire was automatically sent to the Delhi Fire Services," Justice Upadhyay has said in his preliminary report submitted to Chief Justice of India (CJI) Sanjiv Khanna.

      On Friday, the Supreme Court took note of the allegations against Justice Varma, from whose residence a large stash of cash was allegedly discovered during the fire incident. It also reportedly called for his transfer to the Allahabad High Court.

      CJI Khanna formed a three-member committee on Saturday to conduct an in-house inquiry against Justice Varma and directed that no judicial work be assigned to him. The inquiry was ordered after the report of Justice Upadhyaya was submitted to the CJI.

      The inquiry committee consists of Justices Sheel Nagu, Chief Justice of the Punjab and Haryana High Court, G S Sandhawalia, Chief Justice of the High Court of Himachal Pradesh, and Karnataka High Court judge Anu Sivaraman.

      The purported discovery of the half-burnt cash happened after a fire broke out at Justice Varma's residence at around 11:35 pm on the night of Holi on March 14.

      In a statement on Friday, the top court said the Delhi High Court CJ had initiated an in-house inquiry against Justice Varma and separately, there was a proposal to transfer the judge to the Allahabad High Court.

      "There is misinformation and rumours are being spread with regard to the incident at the residence of Justice Yashwant Varma," the statement said.

      Upon receiving the information, the apex court said Justice Upadhyaya "commenced the in-house enquiry procedure, collecting evidence and information".

      Justice Upadhyaya was stated to have commenced the enquiry prior to a meeting of the apex court collegium on March 20.

      The top court had said the proposal to transfer Justice Varma was examined by the apex court collegium comprising the CJI and the four seniormost judges on March 20 and thereafter, letters were shot off to the consultee judges of the top court and the chief justices of the high courts concerned, besides Justice Varma.

      "Responses received will be examined and, thereupon, the collegium will pass a resolution," the court had said.

      Justice Varma has strongly denounced the allegations in the currency-discovery row and said no cash was ever placed in the storeroom of his residence either by him or any of his family members.

      In his response submitted to the Delhi High Court CJ, Justice Varma has said the allegations of cash discovery from his residence clearly appear to be a "conspiracy to frame and malign him".

      Justice Varma was enrolled as an advocate on August 8, 1992. He was appointed as an additional judge of the Allahabad High Court on October 13, 2014.

      He took oath as a permanent judge of the Allahabad High Court on February 1, 2016, before being appointed as a judge of the Delhi High Court on October 11, 2021.

      He currently heads a division bench dealing with cases of sales tax, the Goods and Services Tax (GST), company appeals and other appeals on the original side.

      The top court has an in-house inquiry mechanism in place to deal with allegations against judges of the constitutional courts. PTI MNL SJK RC

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