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    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
    Union Government releases tax devolution of ₹1,09,019 crore to State Governments, as one advance instalment to accelerate their capital and deve...
    Raymond Lifestyle Limited Delivered a stable Q1 FY27 Performance
    Rupee rises 31 paise to 95.12 against US dollar in early trade
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    India-China trade through Shipli La resumes after six years
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    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
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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.
    Counterfeit-drug enforcement under Operation Vajra addressed an inter-state network involved in the illicit manufacture, storage and distribution of narcotic drugs, psychotropic substances and spurious pharmaceutical products. Searches of unregistered godowns recovered narcotic products, unauthorisedly manufactured Buprenorphine injection ampoules, and counterfeit non-NDPS medicines. A farmhouse-based illicit manufacturing facility was dismantled, with machinery, chemicals and related materials seized under the NDPS Act, 1985.
    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.
    Intelligence-led anti-smuggling operations resulted in seizures of foreign-origin gold, narcotic drugs, hydroponic weed, protected wildlife and forest products, prohibited electronic cigarettes, and restricted poppy seeds and areca nuts. The operations identified concealment through fabricated baggage cavities, false cargo declarations, misdeclaration of origin, forged documentation, and concealment in transport vehicles. Poppy seeds are restricted under the Foreign Trade Policy and may be imported only subject to conditions concerning legally cultivated produce from designated countries and registration of import contracts with the Narcotics Commissioner.
    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.
    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
    Show AI Summary
    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.

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      New US airstrike campaign targeting Yemen's Houthi rebels more intense than last, AP review finds

      March 27, 2025

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      Dubai, Mar 27 (AP) A new American airstrike campaign against Yemen's Houthi rebels appears more intense and more extensive, as the US moves from solely targeting launch sites to firing at ranking personnel as well as dropping bombs in city neighbourhoods, an Associated Press review of the operation shows.

      The pattern under US President Donald Trump reflects a departure from the Biden administration, which limited its strikes as Arab allies tried to reach a separate peace with the group. It comes after the Iran-backed Houthis threatened to resume attacking “any Israeli vessel” over the country's refusal to allow aid into the Gaza Strip.

      The Houthi attacks and the response to them have drawn new scrutiny in Washington after security officials in Trump's administration shared plans for the first round of strikes on the rebels in a group chat that included a journalist. But bombing alone may not be enough to stop the Houthis, whose earlier barrage of missile fire toward the US Navy represented the most intense combat it had seen since World War II.

      “Folks that say, 'We'll go in there and take out everyone with the last name Houthi and we'll win.' The Houthi leadership has been taken out in history in the past, and they are resilient," retired US Navy Vice Adm. Kevin Donegan said. “They came back and they grew stronger. So this isn't something that is a one-and-done.” Meanwhile, concerns are growing over civilians being caught in the middle of the campaign. While the US military has not acknowledged any civilian casualties since the strikes began over a week ago, activists fear strikes may have killed noncombatants already in territory tightly controlled by the Houthis.

      “Just because you can't see civilian harm doesn't mean it's not happening,” warned Emily Tripp, the director of the UK-based group Airwars, which studies Western airstrike campaigns.

      A new, intense US airstrike campaign shakes Yemen The Trump campaign began March 15. American warships fired cruise missiles while fighter jets flying off of the USS Harry S. Truman aircraft carrier dropped bombs on Houthi-controlled areas of Yemen, a nation on the southern edge of the Arabian Peninsula that is the Arab world's poorest.

      “No terrorist force will stop American commercial and naval vessels from freely sailing the Waterways of the World,” Trump said in a social media post announcing the campaign, days after his administration reimposed a “foreign terrorist organisation” designation on the Houthis.

      So far, the Houthis say the airstrikes have killed 57 people.

      That's just over half the 106 people the Houthis' secretive leader, Abdul Malik al-Houthi, claimed the US and UK killed during all of 2024. He provided no breakdown of combatants versus noncombatants. Houthi fighters often aren't in uniform.

      Al-Houthi said the two countries launched over 930 strikes last year. The US-based Armed Conflict Location & Event Data Project, known as ACLED, has recorded 305 strikes. The discrepancy between the figures could not be immediately reconciled, though the Houthis could be counting individual pieces of ordnance launched, rather than a single event with multiple bombs used, as ACLED does. The rebels also have exaggerated details in the past.

      Between March 15 to March 21, ACLED reported 56 events. The campaign also has seen the highest number of events in a week since the American bombing campaign began on Yemen during the Israel-Hamas war.

      Trump administration officials have touted the differences between their strikes and those carried out under President Joe Biden.

      “The difference is, these were not kind of pin prick, back and forth, what ultimately proved to be feckless attacks,” Trump's national security adviser, Mike Waltz, told ABC's “This Week” on March 16. “This was an overwhelming response that actually targeted multiple Houthi leaders and took them out.” Waltz has also claimed key members of Houthi leadership, including their "head missileer,” have been killed. The Houthis have not acknowledged any losses in their leadership.

      There are indeed clear differences, said Luca Nevola, the senior analyst for Yemen and the Gulf at ACLED. Under Biden, the focus appeared to be on mobile launchers for missiles and drones, then infrastructure, he said. Trump is targeting urban areas more intensely, judging from the number of strikes on cities so far.

      “It's very likely that somehow the Trump administration is pursuing a decapitation strategy,” Nevola added.

      The Trump administration is also allowing the US military's Central Command, which oversees Mideast operations, to launch offensive strikes at will, rather than having the White House sign off on each attack as under Biden. That will mean more strikes.

      Israel, which has repeatedly been targeted by Houthi missile fire and drones, also launched four rounds of airstrikes in 2024 and another in January.

      Less transparency, growing concerns about civilians being harmed During the Biden administration, Central Command offered details to the public on most strikes conducted during the campaign. Those details often included the target struck and the reason behind it.

      Since the start of the new campaign, however, there's been no similar breakdown.

      Donegan, the retired vice admiral, praised that strategy during a recent call hosted by the Jewish Institute for National Security of America. "You don't tell the enemy what you're going to do, and you don't tell them what you're not going to do.” But that also means the Houthis' description of targets is the only one that's public. They've claimed two attacks targeted an under-construction cancer clinic in the city of Saada, as well as private homes and crowded city neighbourhoods. There's been no effort so far from the US military to either dispute that or offer evidence to support strikes on those targets.

      “It's an extremely complicated information environment in Yemen," Tripp, of Airwars, said. "The Houthis have extensive restrictions on (activists) and operations, media and press.” The US military declined to answer questions regarding possible civilian casualties but said the "Houthis continue to communicate lies and disinformation." “CENTCOM won't provide details on strikes and locations until the operation has concluded, and there is no additional risk to US personnel or assets involved,” it added, using an acronym for Central Command. “At the direction of the president, CENTCOM continues to conduct strikes across multiple Iran-backed Houthi locations every day and night to restore freedom of navigation and restore American deterrence.” Houthi attacks started over the Israel-Hamas war From November 2023 — weeks after the Israel-Hamas war began — until January of this year, the Houthis targeted over 100 merchant vessels with missiles and drones, sinking two and killing four sailors.

      The rebels said the campaign in the Red Sea, the Gulf of Aden and the Bab el-Mandeb Strait connecting the two waterways was carried out in solidarity with Hamas. It stopped with the ceasefire reached in that war in January.

      The attacks greatly raised the Houthis' profile as they faced economic problems and launched a crackdown targeting any dissent and aid workers at home amid Yemen's decadelong stalemated war.

      Since the ceasefire ended, the Houthis have not resumed their attacks on shipping in the vital corridor for cargo and energy shipments moving between Asia and Europe. Still, overall traffic remains sharply reduced.

      A European Union naval force has been patrolling the Red Sea and escorting ships, as well as taking Houthi fire. However, the vast majority of Houthi attacks toward military targets has been pointed at US Navy vessels.

      More US forces move into Mideast as Yemen's future in question The US airstrikes have kept up a daily tempo since beginning March 15. Meanwhile, the USS Carl Vinson and its carrier strike group is to transit into the Middle East.

      That, along with the Truman, will likely give the American military two places to launch aircraft since it hasn't immediately appeared that any strikes came from bases in other Mideast nations — where public sentiment remains strongly with the Palestinians in the Israel-Hamas war.

      The US military also may be bringing additional firepower, as radio transmissions from B-2 stealth bombers and flight-tracking data suggested the US Air Force is moving a number of the aircraft to Diego Garcia in the Indian Ocean.

      But the future of Yemen itself remains in question. The Houthis broadly maintain control over the capital of Sanaa and the country's northwest. Yemen's exiled government is part of a fractious coalition that for now appears unable to wrest any control back from the rebels.

      Meanwhile, Saudi Arabia and the United Arab Emirates, which launched a war 10 years ago against the Houthis, have pushed for peace talks as fighting appears broadly frozen on the ground.

      “The United States can hurt the Houthis, it can weaken them," wrote Gregory D. Johnsen, a Yemen expert at the Arab Gulf States Institute in Washington, “but without effective ground troops — either its own or someone else's — it will not be able to eliminate their capabilities.” (AP) GRS GRS

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