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    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
    HIGHLIGHTS
    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
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    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
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    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.

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      Blenders Pride Fashion Tour Redefines AT-LEISURE With 'Play En-Vogue' Concept in Guwahati

      March 28, 2025

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      The Tour culminates its iconic journey, bringing ‘The One and Only’ world to Guwahati, with three visionary designers Nitin Bal Chauhan, Abhishek Patni of NoughtOne, and Pawan Sachdeva, rappers KR$NA & K A R M A, and showstopper Ishan Khatter.

      Guwahati, Assam, India – Business Wire India Blenders Pride Fashion Tour wrapped up this edition with an unforgettable showcase in Guwahati, transforming the city into a playground of high fashion with its innovative "Play En-Vogue" concept. The event reimagined AT-LEISURE with a refined edge against the stunning backdrop of Guwahati’s vibrant and scenic Greenwood Resort, featuring bold, experimental collections from designers Nitin Bal Chauhan, Abhishek Patni of NoughtOne, and Pawan Sachdeva, with the charismatic Ishaan Khatter as the showstopper.

      In collaboration with the Fashion Design Council of India (FDCI), Blenders Pride Fashion Tour redefined India’s fashion landscape with groundbreaking showcases. This synergy peaked in Guwahati, setting new benchmarks and cementing the tour’s status as an industry trendsetter.

      The designers revolutionized AT-LEISURE through experimental silhouettes, vivid colors, and statement pieces featuring oversized fits, asymmetrical cuts, and bold graphics, offering a fresh take on sophisticated comfort.

      • NoughtOne by Abhishek Paatni’s ‘Racer 01’ collection merged streetwear with rockstar chic, redefining fashion’s rhythm through bold, nostalgic pieces inspired by music’s influence.

      • Pawan Sachdeva’s collection The Dis-Aligned disrupted traditional fashion with controlled chaos, blending premium materials and techniques.

      • Nitin Bal Chauhan’s CHAMUNDA collection reimagined medieval armor for the streets, blending tradition and modernity, with hand-painted artworks adding an innovative touch to this resilient collection.

      What truly set this showcase apart was its unconventional runway presentation. Showstopper Ishaan Khatter dazzled in Pawan Sachdeva's design, while KRSNA and KARMA delivered electrifying performances in Abhishek Paatni - NoughtOne's and Nitin Bal's creations, respectively, elevating the event to new heights.

      Kartik Mohindra, Chief Marketing Officer and Head of Global Business Development at Pernod Ricard India said, “With Guwahati, we concluded the most iconic edition of Blenders Pride Fashion Tour yet. Throughout each city, we had reimagined creative boundaries through groundbreaking fashion showcases featuring visionary designers and showstoppers. However, our 'Play En-Vogue' finale in Guwahati represented the pinnacle of our vision, where fashion, art, and spontaneity converged in unexpected ways. As this edition came to an end, every experience had highlighted fashion's dynamic evolution, solidifying ‘The One and Only’ platform as the ultimate convergence of innovation and iconicity like never before.” Designer Nitin Bal Chauhan, sharing his thoughts on the show said, “Blenders Pride Fashion Tour proved to be a powerful platform for storytelling through fashion. With 'Play En-Vogue,' we challenged conventional norms by blending high fashion with artistic elements. This showcase provided an opportunity to push boundaries, and seeing the audience embrace this bold experimentation was truly exhilarating.” Designer Abhishek Patni, Founder of NoughtOne, expressed, “At NoughtOne, we had always believed in redefining contemporary fashion by merging streetwear influences with high-end aesthetics. Blenders Pride Fashion Tour provided the perfect platform to bring our vision of cutting-edge, bold, and unconventional AT-LEISURE to life, creating an experience that was as dynamic as the designs themselves.” Designer Pawan Sachdeva, reflected on the show, stating, “I was honored to be a part of Blenders Pride Fashion Tour's final stop in Guwahati. My collection was inspired by the carefree spirit of AT-LEISURE, and I had a blast creating pieces that were both stylish and comfortable. I was thrilled that the audience enjoyed the show! ” Showstopper Ishaan Khatter said, “Fashion is about confidence, expression, and making a statement. Walking for Blenders Pride Fashion Tour’s Guwahati showcase was incredible—every element of the show was a celebration of bold, fearless style, and I’m thrilled to have been a part of it.” Rapper KR$NA expressed, “Blenders Pride Fashion Tour wasn’t just a fashion event—it was a dynamic celebration of music, music, energy, and self-expression. Performing in Guwahati, where creativity had flowed in every aspect, felt absolutely surreal. The energy of the crowd and the synergy between fashion and music made it truly unforgettable.” Rapper K A R M A said, “Being a part of Blenders Pride Fashion Tour's grand culmination in Guwahati was a truly electrifying experience, where we got to amplify the vibe of the night through our beats and lyrics. It was an honor to have performed on such a prestigious platform that celebrates innovation in every form.” "As curator for Blenders Pride Fashion Tour, it was exciting to witness how it took shape as ‘The One and Only’ platform of iconic and en vogue experiences. Every concept presented a distinct interpretation of fashion, glamour, and creativity, crafting an immersive ecosystem that invited you into the extraordinary world of Blenders Pride,” says Ashish Soni.

      Sunil Sethi, Chairman, FDCI expressed, “FDCI was thrilled with its collaboration with Blenders Pride Fashion Tour, bringing together the two powerhouses of fashion, which amplified our commitment to shaping its future. We created an impressive new edition that caught the ever-evolving pulse of global fashion and fascinated audiences nationwide." To View the Image, Click on the Link Below: Blenders Pride Fashion Tour brings its iconic journey, ‘The One and Only’ world to Guwahati, with Nitin Bal Chauhan, Abhishek Paatni & Pawan Sachdeva, KR$NA & K A R M A, and Ishan Khatter (Disclaimer: The above press release comes to you under an arrangement with Business Wire India and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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