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    Rajya Sabha passes bill to tackle payment delays faced by MSMEs amid Opposition protests
    MPC's 3-day meeting begins amid expectations of status quo on interest rates
    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
    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
    Customs seizes 8 kg gold worth over Rs 11 cr at Kerala airports in one week
    Drill, Baby, Drill: India to fund Rs 650 cr per well for 60 deepsea wells to break its oil import habit
    Punjab GST revenue rises 20 pc to Rs 10,447 crore in April-July: Cheema
    India-China trade through Shipli La resumes after six years
    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
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    August 3, 2026
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    MSME delayed-payment reforms strengthen award recovery, faster dispute adjudication, invoice discounting, and interim supplier payment protection.
    MSME delayed-payment reforms seek faster adjudication, strengthened recovery and improved liquidity for enterprise suppliers. Courts may direct payment of at least half of an awarded amount where a setting-aside application remains pending beyond six months. Mediated settlements and arbitral awards may be recovered as arrears of land revenue and recognised as legally enforceable debts under the insolvency framework. The measures also provide graded penalties, voluntary digital registration, invoice settlement through the Trade Receivables Discounting System, and additional Facilitation Councils.
    August 3, 2026
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    Monetary policy rate setting remains cautious as inflation, liquidity, growth and global uncertainty shape the policy stance.
    Monetary policy rate setting is expected to remain cautious amid global uncertainty, rising inflation risks and steady domestic growth. The inflation outlook is affected by energy-price pass-through, higher input costs, and seasonal and monsoon-related food-price pressures. Policy decisions are expected to remain data-dependent, guided primarily by domestic inflation, liquidity conditions and economic growth. A cautious or neutral stance is identified as preferable while external risks and inflation developments persist.
    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.
    Financial performance reporting identifies increased bookings, revenue growth, continuing earnings, and backlog, with segment-level operating and margin measures. The release addresses cash flow, capital allocation through dividends, acquisitions and share repurchases, and increased full-year revenue and earnings guidance. Forward-looking statements concerning financial performance, operations, demand, liquidity and capital deployment are subject to identified risks and uncertainties. Non-GAAP measures are presented as supplemental to GAAP measures, with definitions and reconciliations stated to be available in accompanying materials.
    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
    Show AI Summary
    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
    Show AI Summary
    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.

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      Customs & Trade

      HIGHLIGHTS

      April 1, 2025

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      New Delhi, Apr 1 (PTI) Following are the top stories at 6.50 pm: NATION DEL56 ADITYANATH LD INTERVIEW

      Politics not my full-time job, says Yogi Adityanath; asks Muslims to learn religious discipline from Hindus Lucknow:Yogi Adityanath, the no-nonsense ascetic chief minister of Uttar Pradesh who wears anti-wokeism on his sleeve, has a clear message for Muslims: you will get a fair share of the state's development but don't expect special concessions just because you are a minority. By Vijay Joshi

      DEL44 ADITYANATH- LD INTERVIEW POLITICS (RPT)

      Adityanath dismisses reports of differences with BJP's central leaders; says he a Yogi at heart Lucknow: Politics is not a full-time occupation for him and he remains a Yogi at heart, Uttar Pradesh Chief Minister Yogi Adityanath has said, parrying a query about a section of people seeing him as the future prime minister of India.

      BOM14 GJ-FIRE-3RDLD FACTORY

      18 killed, 5 injured after blast, blaze at firecracker godown in Gujarat's Banaskantha Palanpur: Eighteen persons were killed and five others injured after a blast at a firecracker warehouse led to a blaze and collapse of the building in Gujarat's Banaskantha district on Tuesday, officials said.

      DEL65 PAR-2NDLD WAQF BILL

      Lok Sabha set to take up Waqf bill for consideration on Wednesday New Delhi: The Lok Sabha will take up the contentious Waqf (Amendment) Bill for discussion and passage on Wednesday, setting the stage for a showdown between a government determined to push it through and an opposition united in condemning the proposed law as unconstitutional.

      DEL50 ADITYANATH-INTERVIEW MAHAKUMBH

      Opposition wanted a repeat of hundreds of deaths in past Kumbh tragedies: Adityanath Lucknow:Uttar Pradesh Chief Minister Yogi Adityanath has said that the Opposition "wanted a repeat of hundreds of deaths in past Kumbh tragedies" but his government's arrangements and public cooperation ensured every victim received immediate medical care during the January stampede.

      DEL29 ADITYANATH-INTERVIEW-MUSLIMS (RPT)

      Roads for traffic not namaz; others should learn discipline from Hindus: Adityanath Lucknow: Uttar Pradesh Chief Minister Yogi Adityanath has defended his administration's warning to Muslims against offering namaz on streets, saying roads are meant for the movement of traffic. By Vijay Joshi

      DEL75 CONG-WAQF BILL-LD WHIP

      Waqf bill: Cong issues whip to its LS MPs for next 3 days New Delhi:Ahead of the government bringing the Waqf bill amendments, the Congress on Tuesday issued a whip to all its MPs in the Lok Sabha, ensuring their presence in the House for the next three days, sources said.

      DEL66 PM-LD-CHILE

      India, Chile agree to begin negotiations for trade pact New Delhi: India and Chile on Tuesday announced starting negotiations on a comprehensive economic partnership pact as Prime Minister Narendra Modi and Chilean President Gabriel Boric Font held wide-ranging talks focusing on boosting the ties in areas of trade, defence, critical minerals and health.

      DEL73 DEF-INDIA-EXPORTS

      India's defence exports surge to record Rs 23,622 crore in 2024-25: Rajnath New Delhi: India's defence exports have surged to a record high of Rs 23,622 crore (approx. USD 2.76 billion) in 2024-25 registering a 12.04 per cent growth over the previous fiscal, Defence Minister Rajnath Singh said on Tuesday.

      DEL72 BANGLADESH-YUNUS-REAX

      'Shameful', 'provocative': Yunus's comments draw sharp reactions from political leaders New Delhi: The recent comments made by Bangladesh Chief Adviser Muhammad Yunus on India's northeastern states drew sharp reactions from political leaders across party lines on Tuesday, dubbing his remarks as "shameful" and "provocative".

      DEL64 DEF-ARMY-COMMANDERS

      Top Army commanders begin 4-day deliberations New Delhi: Top commanders of the Indian Army on Tuesday began deliberations on national security challenges along the borders with China and Pakistan besides ways to boost the force's overall combat capability in the backdrop of the evolving regional security situation.

      MDS10 KL-EMPURAAN-CERTIFICATE

      Shots linking storyline to Godhra riots in 'L2: Empuraan' to go after cuts Thiruvananthapuram: The Mohanlal-starrer ‘L2: Empuraan’ will hit the screens with 'voluntary modifications' suggested by its makers by Wednesday, deleting many scenes which directly link the storyline to the Godhra riots.

      DEL58 DL-CAG-POLLUTION

      CAG report tabled in Assembly flags lapses in Delhi's pollution control measures New Delhi: Delhi's worsening air pollution has been exacerbated by lapses in its pollution control mechanisms, including irregularities in the issuance of PUC certificates, unreliable air quality monitoring systems, and poor enforcement of pollution control measures, according to a CAG report tabled in the Assembly on Tuesday.

      MES6 TL-GERMAN-WOMAN-LD RAPE

      German woman alleges 'rape' by car driver in Hyderabad, one held Hyderabad: A 22-year-old German national was allegedly sexually assaulted by a car driver here who offered her and her friend a ride to explore the city, police said on Tuesday.

      BUSINESS DEL60 BIZ-LD-STOCKS

      Stock markets tumble ahead of US 'Liberation Day'; Sensex tanks 1,390 pts Mumbai: Stock markets went into a tailspin on Tuesday with benchmark Sensex plunging by 1,390 points due to selling in IT and private banking shares amid heightened uncertainty ahead of the anticipated rollout of US reciprocal tariffs on April 2 --termed as 'Liberation Day' by President Donald Trump.

      DEL23 BIZ-MOODY'S-INDIA GROWTH

      India's growth to be highest amongst advanced, emerging G20 nations: Moody's New Delhi: Moody's Ratings on Tuesday said India's growth at 6.5 per cent this fiscal will remain the highest amongst the advanced and emerging G-20 countries, supported by tax measures and continued monetary easing, and the country will continue to attract capital and withstand any cross-border outflow.

      LEGAL LGD28 SC-LD DEMOLITION

      Inhuman, illegal demolition in Prayagraj shocks our conscience: SC New Delhi: Calling the demolition of residential homes in Prayagraj "inhuman and illegal", the Supreme Court on Tuesday ordered the city development authority to pay Rs 10 lakh compensation to each aggrieved house owner within six weeks.

      LGD27 PB-COURT-3RDLD PASTOR

      'Heinous offence': Controversial 'Yeshu Yeshu prophet' Bajinder Singh gets life term in 2018 rape case Chandigarh: A Mohali court on Tuesday sentenced self-styled preacher Bajinder Singh to life imprisonment in a 2018 rape case, observing that Singh committed a heinous offence by misusing his position as a preacher.

      LGD31 DL-COURT-LD KAPIL MISHRA

      2020 Delhi riots: Court asks Delhi Police to file FIR against BJP's Kapil New Delhi: In a major setback to Delhi law minister Kapil Mishra, a court on Tuesday ordered an FIR to probe his alleged role in the 2020 riots in the national capital.

      LGD30 DL-HC-OCI-RIGHTS

      Rights of OCI cardholder can't be curtailed arbitrarily: Delhi HC New Delhi: Rights of an overseas citizen of India holding a valid OCI card cannot be curtailed arbitrarily, the Delhi High Court has said while ruling that the deportation and blacklisting of an OCI card holder, involved in alleged unauthorised missionary activities in Nagaland and other northeastern states, did not follow the statutory process.

      LGD26 SC-LD ALLAHBADIA

      Podcaster Ranveer Allahbadia in undertaking to SC says will maintain decency in shows New Delhi: Podcaster Ranveer Allahbadia on Tuesday filed an undertaking in the Supreme Court saying he would maintain decency in his "The Ranveer Show".

      FOREIGN FGN65 US-INDIA-TRUMP-TARIFFS

      India will be dropping its tariffs very substantially: Trump New York/Washington: US President Donald Trump said India will be “dropping its tariffs very substantially” as he readies to announce reciprocal tariffs on countries on April 2. By Yoshita Singh

      FGN64 INDIA-CHINA-2NDLD ANNIVERSARY

      Xi Jinping calls for 'elephant-dragon tango' on 75th anniversary of India, China ties Beijing: In a message marking 75th anniversary of their bilateral relations, Chinese President Xi Jinping on Tuesday stressed on partnership between India and China for “mutual achievement” and the need to do the “dragon-elephant tango” to serve their fundamental interests. By K J M Varma

      FGN63 NEPAL-ADITYANATH

      Nepal's envoy to India meets Yogi Adityanath amid pro-monarchy protests Kathmandu: Nepal's Ambassador to India Shankar Sharma has met Uttar Pradesh Chief Minister Yogi Adityanath to discuss Nepal-India relations amid protests demanding the reinstatement of the monarchy in the Himalayan nation.

      FGN62 US-COURT-PANNUN-DOVAL

      US court rejects Khalistani separatist Pannun's claim that complaint served on NSA Doval during Washington visit New York: A US court has said that no complaint was delivered to National Security Advisor Ajit Doval during his visit to Washington in February, dismissing a claim by Khalistani separatist Gurpatwant Singh Pannun that court documents, including a summons, had been served on the top Indian official. By Yoshita Singh

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