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    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
    Jharkhand signs pact with CSC eStore to make SHG products made by women available online
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    August 1, 2026
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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.
    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
    Show AI Summary
    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.
    July 31, 2026
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    Digital marketplace access for women's self-help group products expands e-commerce opportunities while panchayat-level citizen services are strengthened.
    Digital marketplace access for women's self-help group products is proposed through a memorandum of understanding between CSC eStore and the Jharkhand State Livelihood Promotion Society. Products marketed under the 'Palash' and 'Adiva' brands are intended to be offered through an e-commerce network to widen market access, support rural women's income and entrepreneurship, and strengthen the rural economy. Digital panchayat services are also being expanded through Common Service Centres, including banking, e-governance and Aadhaar-related services.

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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

      PTI SKY SKY SKY

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