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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
    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
    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
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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
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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
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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
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    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.
    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.

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      The Power List: Indian Entrepreneurs Driving Innovation

      March 26, 2025

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      India's startup ecosystem has shown a remarkable transformation in recent years. Today, India boasts the world's third-largest startup ecosystem, with over 1.5 lakh registered startups, and is expected to see consistent annual growth of 12-15%. This incline in India’s position is possible because of aLeaders across the sectors are redefining innovation while also sharing a common goal: to create impactful solutions to disrupt traditional norms. They have started a new page of ‘Entrepreneurial wave’ in the nation's growth story. From technology to healthcare, and sustainability to e-commerce, these entrepreneurs have not only built successful businesses but have also inspired a generation to dream big and aim higher.

      Anant Goel, Co-founder, ⁠Handpickd Anant Goel, the founder of Handpickd, is a serial entrepreneur who has revolutionized the way Indians access high-quality fruits and vegetables. Anant founded Milkbasket, in 2015, which created the first online grocery network to meet consumers' everyday household needs. Post the acquisition of Milkbasket by Reliance at $40M, Anant founded Handpickd, India's first ‘match-making’ platform for personalized fresh produce shopping. Headquartered in Gurugram, Handpicked is a unique platform that operates a zero-inventory model, sourcing directly from farmers to ensure high-quality fruits and vegetables while minimizing waste. With a strong focus on efficiency and sustainability, Handpickd is redefining the fresh produce supply chain in India. His vision and dedication to digital connectivity have transformed the way people experience and procure fresh produce while improving the lives and livelihoods of store owners.

      Deepinder Goyal - Founder of Zomato Deepinder Goyal, Founder, MD and CEO of Zomato, a popular online food delivery and restaurant discovery platform. With a background in mathematics and computing from the Indian Institute of Technology, Delhi, Goyal has led Zomato through significant growth to worth around $2.2 billion USD since its inception in 2008. Under his leadership, the company has become a household name, transforming the food industry through technological innovation, community engagement, and support for food entrepreneurs and businesses. With Zomato's user-friendly mobile app, customers can effortlessly discover restaurants, browse menus, schedule dining, place orders, and track deliveries, all in one place. Deepinder's entrepreneurial spirit and focus on leveraging mobile technology have played a crucial role in reshaping the food delivery and restaurant discovery landscape in India.

      Abinav Varma Kalidindi, Founder and CEO, Ikonz Abinav Varma Kalidindi started Ikonz Studios in 2021 with a focus on AI-driven digital experiences. Abhinav’s Ikonz is the first Indian company that builds hyper-realistic AI avatars and holographic solutions. Working with global personalities and brands, one of its biggest projects is creating the AI-powered digital avatar of Amitabh Bachchan, which was launched in partnership with IDFC FIRST Bank. Abinav, who has a background in technology and finance, has previously built and exited a consumer tech company in the U.S. before founding Ikonz. His focus now is on integrating AI-powered digital assistants into industries like banking, healthcare, education, and entertainment. Ikonz is backed by prominent investors funds that have been backed by Village Global, whose notable LPs include Mark Zuckerberg, Bill Gates, Jeff Bezos among others.

      Deepak Sahni, Founder, Healthians Deepak Sahni, founder of Healthians, started his career as a computer assembler turned digital marketer and went on to build one of India’s largest at-home diagnostic chains. He founded Healthians in 2015 to make preventive healthcare more accessible and affordable for everyone. By combining convenience with quality, Healthians became the first Indian company to ensure high-quality healthcare services to reach people’s doorsteps across India. Sahni continues to push for digital transformation in diagnostics, with AI and technology playing a bigger role in Healthians’ next phase of growth. The company has introduced AI-driven tools like Smart Report and video analysis of health reports, which simplify complex medical data and help users better understand their test results. These features empower individuals to make informed healthcare decisions, bridging the gap between diagnostic insights and actionable steps. Recently, Healthians has secured No. 1 position in Times Health Survey, operating in over 250 cities with a network of 22+ certified labs and a large fleet of trained phlebotomists, reinforcing its mission of making healthcare more accessible and user-friendly. Diagnostic startup Healthians recorded a modest 8% year-on-year growth during the fiscal year ending March 2024.

      Prachi Dharani, Co-founder, PayGlocal Prachi Dharani, Co-founder and CEO of PayGlocal, is a seasoned payments industry professional with over 20 years of experience. She leads PayGlocal in delivering innovative cross-border payment solutions, enabling Indian businesses to grow globally with secure and seamless transactions. Before founding PayGlocal, Prachi held leadership roles at Visa, First Data, and ICICI Bank. Under her leadership, PayGlocal has been a pioneering force in cross-border payments and operates a comprehensive suite of payment services and cutting-edge technology platform for payment processing and transaction risk management, specifically designed to meet the evolving needs of merchants, partners, and banks. PayGlocal has handled more than INR 22 billion worth of transactions till now, enabling over 1,300 merchants across different platforms and supporting payment acceptance from 181 countries. Through a robust transaction security based approach, the firm has thwarted more than INR 1 billion worth of fraud attempts and recorded up to a 20% hike in Payment Success Rates (PSR) for its customers. PayGlocal’s focus on innovation, security, and customer support makes it a leader in the global payments space, driving seamless and secure transactions for businesses worldwide.

      Vineeta Singh - Co-founder & CEO, SUGAR Cosmetics Vineeta Singh, Co-founder and CEO of SUGAR Cosmetics, a fast-growing D2C beauty brand valued at approximately $500 million. Known for its innovative product offerings and cutting-edge marketing strategies, SUGAR has become a go to name among young consumers since its inception in 2015. With a background in electrical engineering from the Indian Institute of Technology, Madras, and an MBA from the Indian Institute of Management, Ahmedabad, Vineeta has steered the brand to success through data-driven insights, social media engagement, and influencer marketing. Under her leadership, SUGAR Cosmetics has redefined beauty standards, offering trendsetting products that cater to diverse customer needs. The brand's tech-savvy approach and commitment to inclusivity have positioned it as a leader in the competitive beauty industry. Vineeta's entrepreneurial vision continues to drive the brand's growth, setting new benchmarks for quality and innovation.

      Kabir Jeet Singh, Founder and CEO, Burger Singh Kabir Jeet Singh, founded one of the largest Indian homegrown QSR brands, Burger Singh, challenging a market long dominated by multinational giants. His foray into the burger business began during his MBA at Birmingham Business School when he worked at a local burger joint. Experimenting with Indian spices to enhance the otherwise bland offerings, he identified a gap in the market. This insight led to the launch of Burger Singh in 2014, blending global fast food with desi flavors. His focus on customizing flavors for different regions and expanding beyond metros has helped the brand find success even in Tier 2 and Tier 3 cities. With 175+ outlets across 75+ Indian cities, Burger Singh continues to compete in a segment that was once thought to be untouchable for homegrown brands.

      Tarun Joshi, Founder and CEO, IGP.com Tarun Joshi’s career started in aerospace engineering and later moved to private equity investing before he entered the e-commerce space. He founded IGP (International Gifts Platform) to solve a key problem, how to make online gifting more personalized and efficient. Under his leadership, IGP has become one of Global largest direct-to-consumer gifting platforms, delivering products to 1,000+ cities in India and 150+ countries worldwide. With services like 30-minute delivery in major cities and same-day delivery across 400+ locations, the company has built a niche in curated and customized gifting. IGP has also expanded its business offline and aims to open 140 dark stores and 22 retail stores in the next 1-2 years.

      (Disclaimer: The above press release comes to you under an arrangement with NRDPL and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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