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    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
    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
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    August 3, 2026
    Show AI Summary
    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
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    Goods and Services Tax collections rise on domestic consumption and imports, while elevated import revenue prompts assessment of underlying drivers.
    Goods and Services Tax collections for July increased over the corresponding prior-year period, supported by domestic sales and imports. Gross receipts included Central GST, State GST and Integrated GST, with net GST revenue calculated after adjusting refunds. For the April-July period, gross and net collections also increased. Commentary linked domestic GST growth to consumption, formalisation and industrial activity, while identifying elevated import GST collections as an area requiring assessment of import composition, currency effects and volumes.
    August 1, 2026
    Show AI Summary
    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
    Show AI Summary
    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
    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
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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.

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      Hong Kong Weekender: Neha Dhupia And Angad Bedi’s Ultimate Family-friendly Itinerary

      April 3, 2025

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      Neha Dhupia and Angad Bedi are serving some serious travel inspo from their recent Hong Kong journey.

      “Hong Kong offers something for everyone, from breathtaking sights and cultural experiences to kid-friendly activities. It is also a paradise for foodies and shopaholics, thanks to its diverse culinary and retail scene. The best part? It is visa-free for Indians,” recalls Neha Dhupia from her recent Hong Kong exploration.

      Indoor And Outdoor Adventures For The Little Ones From thrilling tram rides to hands-on noodle making fun, Hong Kong turned into the ultimate playground for the Dhupia-Bedi clan.

      The Peak Tram: For Scenic Rides With A View The family kicked off their Hong Kong escapade with a thrilling ride on the Peak Tram, a must-do experience to witness surreal views of the city.

      One of the world’s oldest funicular railways, this 10-minute journey to Victoria Peak offers a breathtaking visual experience, making Hong Kong’s skyscrapers appear to shrink as you ascend.

      Monopoly Dreams: To Witness The Game Come To Life Monopoly Dreams, the world’s first Monopoly-themed attraction, was a hit with the kids (and yes, the grown-ups too!).

      If you have spent countless hours playing Monopoly, this is your chance to experience it in real life. From walking through streets inspired by the game to a thrilling note shower at the Monopoly Bank, the interactive fun is endless.

      Ding Ding Tram: For A Nostalgic Ride No Hong Kong experience is complete without hopping onto the Ding Ding Tram, a vintage double-decker streetcar. Hopping on the Ding Ding Tram is one of the best ways to soak in the city’s vibrant streets.

      Cup Noodles Museum: For Creative Culinary Fun For a hands-on experience, the family visited the Cup Noodles Museum, where they got all creative with their experiential workshops, customising their noodle cups and granola bowls.

      This is your chance to introduce your kids to Momofuku Ando, the founder of Nissin Foods and inventor of instant ramen.

      A Shopper’s Paradise Hong Kong is a shopper’s paradise, and Neha and Angad made sure to indulge in some retail therapy.

      Citygate Outlets: For Unbeatable Deals At Citygate Outlets, Neha couldn’t resist the incredible deals. With over 150 world-renowned brands offering discounts up to 90%, this outlet mall is a must-visit for bargain hunters.

      Tai O Fishing Village: For A Local Shopping Experience For a more rustic shopping experience, the Tai O Fishing Village, known as the “Venice of Hong Kong” comes recommended.

      The village is known for its unique souvenirs, with shops selling dried seafood, shrimp pastes, and locally made sauces, the perfect picks to bring back home a taste of Hong Kong.

      ​ For a hands-on experience, the family visited the Cup Noodles Museum, where they got all creative with their experiential workshops, customising their noodle cups and granola bowls.

      A Cultural Destination Like No Other Hong Kong isn’t all about glitz and glamour, it also has a cultural side that one can immerse in.

      Tian Tan Buddha and Wisdom Path: For Spiritual Serenity A highlight of Neha and Angad’s trip was visiting Tian Tan Buddha, also known as the Big Buddha, perched atop a lotus on Lantau Island.

      This majestic statue, surrounded by six smaller figures representing the Six Perfections of life, offers both impressive views and a soul-soothing experience. After climbing 258 steps to the Buddha, the family walked the Wisdom Path, where 38 wooden pillars inscribed with the Heart Sutra prayer stand tall.

      A Gastronomic Heaven Hong Kong’s culinary scene is diverse, and the foodie family couldn’t get enough of the delicious revelation.

      Po Lin Monastery: Sacred Feast For The Soul The family relished lunch at Po Lin Monastery, indulging in a vegetarian feast featuring vegetable-packed soup, crispy spring rolls, stir-fried greens, yam fritters, and soothing tea.

      From authentic cultural experiences like rinsing crockery and chopsticks with hot tea at the table to being served the freshest, most flavourful dishes, vegetarian travellers feel right at home here.

      Citygate Outlet: For Quick Bites During their visit to the mall, the family took a quick snack break at Blue Bottle Cafe, savouring avocado toasts bursting with flavour, alongside banana breads, waffles, and hot beverages.

      “People think there are no veggie options in Hong Kong, but honestly, every fine-dine, every kiosk, they all have fantastic vegetarian choices. It is a burst of flavours!” she shares.

      Seafood at SaiKung: For Fresh Feast By The Sea Seafood lovers have plenty to look forward to as well. At Sai Kung, the family enjoyed a lavish seafood feast, right by the sea.

      That fresh catch experience comes live at Sai Kung with a wide variety of seafood to choose from.

      Michelin-Star Meal: For A Luxe Experience Neha and Angad indulged in a world-class fine-dining experience at Petrus, located in the Shangri-La.

      The city boasts an array of Michelin-star restaurants for you to enjoy an exceptional fine-dining experience in Hong Kong.

      A Blissful Getaway Beyond the fun and adventure, Hong Kong also offers tranquil moments for you to unwind.

      Aqua Luna: For A Magical Evening Neha and Angad took a break from their parenting duties and enjoyed a romantic cruise aboard Aqua Luna, a vintage Chinese junk boat.

      Sailing across Victoria Harbour aboard Aqua Luna is one of the best ways to witness the city’s breathtaking beauty at night.

      Sharp Island: To Explore Hong Kong’s Hidden Gem Neha and Angad’s final stop was Sharp Island, located just off the coast of Sai Kung town. A short boat ride got them to this hidden paradise, where sandy shores and clear waters awaited.

      Known as the most convenient Geopark attraction in Hong Kong, Sharp Island offers beautiful beaches, clear waters, a short hiking trail, and volcanic remnants.

      Whether you are hunting for adventures, cultural gems, or luxury experiences, Hong Kong wraps it all into one perfect family holiday. So, this summer, let Hong Kong be your family’s next memorable adventure! Click here to learn more about Hong Kong (Disclaimer: The above press release comes to you under an arrangement with Mediawire and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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