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    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
    All Indian exports of dual-use items comply with international obligations: MEA
    PM Modi to inaugurate Bhogapuram Airport in Andhra on Aug 1
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    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
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    GST revenue collections show provisional gross, refund and net revenue trends, with State-wise settlement and domestic collection data.
    GST revenue collections for July 2026 are reported provisionally through gross domestic and import revenue, domestic and export-related refunds, and net GST revenue after refunds. The data also sets out SGST collections and the SGST share of IGST settled to States and Union Territories, both monthly and cumulatively. State-wise domestic GST growth excludes GST on imported goods, while jurisdiction-wise data allocates collections between central and State formations and identifies CGST, SGST and IGST components.
    August 1, 2026
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    Bilateral trade cooperation expands through a Joint Trade Committee covering investment, critical minerals, healthcare, digital technologies and market access.
    Bilateral trade and investment cooperation between India and Rwanda is to be advanced through a structured Joint Trade Committee mechanism for reviewing commerce, diversifying trade, promoting investment, facilitating business engagement and addressing market-access and logistical issues. Priority cooperation includes critical minerals, pharmaceuticals and healthcare, agriculture and agro-processing, standards harmonisation, digital public infrastructure, fintech, cybersecurity, green mobility and renewable energy. Investment focal points will support engagement, while capacity-building assistance and close monitoring of the Agreed Minutes are intended to support time-bound implementation.
    August 1, 2026
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    GST collection growth in West Bengal continued year-on-year in July but remained below the national growth trend.
    West Bengal's July GST collection increased year-on-year and over the preceding month, marking a second consecutive month of annual growth. Official data also indicated that the State's annual growth rate was below the national trend, while gross domestic GST revenue excluding imports and overall gross GST collections including import-related taxes rose nationally during July.
    August 1, 2026
    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
    Show AI Summary
    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
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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.

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      Plans to celebrate America's 250th anniversary were underway. Then came federal funding cuts

      April 14, 2025

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      Washington, Apr 14 (AP) Community celebrations being planned to commemorate the nation's 250th anniversary next year are at risk of being significantly scaled back or cancelled because of federal funding cuts under President Donald Trump's administration, according to multiple state humanities councils across the country.

      The councils have been working on programming for America250, an initiative marking the milestone anniversary of the signing of the Declaration of Independence in 1776. But the Republican administration's deep cost-cutting effort across the federal government has led the National Endowment for the Humanities to cancel its grants for state humanities councils.

      That has left them with less money for programming to plan for the celebration, ranging from themed K-12 school curriculums to special events at public libraries.

      “I cannot imagine how we're supposed to have a national commemoration that's meaningful for people where they live without the humanities being supported,” said Gabrielle Lyon, executive director of Illinois Humanities, the state's humanities council.

      “What is it going to mean for small towns and rural communities who were expecting the possibility of having grants to do special exhibits, special commemorations, their own programmes, and speakers and performers? All of that is now extremely tenuous. And those are exactly the kinds of things people have been looking forward to." Trying to reshape history The head of Washington state's humanities council said the NEH funding cuts appeared at odds with Trump's focus on the commemorations.

      Earlier this year, the president signed an executive order creating a White House task force to plan a “grand celebration worthy of the momentous occasion of the 250th anniversary of American Independence”.

      “The organisation that's positioned to do that for America is the National Endowment for the Humanities,” said Julie Ziegler, CEO and executive director of Humanities Washington.

      The White House and the NEH did not respond to requests for comment.

      America250, the initiative established by Congress to help orchestrate the commemorations, did not comment for this story.

      The humanities funding cuts come as Trump has targeted cultural establishments from the Smithsonian Institution to the Institute of Museum and Library Services in executive orders.

      The moves are part of his goals to downsize the federal government and end initiatives seen as promoting diversity, equity and inclusion. The order directed at the Smithsonian, for example, said it has “come under the influence of a divisive, race-centred ideology”.

      To comply with the orders, federal agencies have scrubbed images and information designated as DEI material from websites pertaining to certain parts of American history. That ranges from a webpage highlighting baseball trailblazer Jackie Robinson's military service to the National Park Service removing content about Harriet Tubman and the Underground Railroad. Both were restored after a public outcry.

      “I think that what's happening is the administration is trying to shape the history that we're going to tell in a way that's unprecedented,” said James Grossman, executive director of the American Historical Association.

      “The expertise of professional historians is being set aside in favor of a narrow, ideologically driven idea of the American past.” DOGE places 80 per cent of NEH staff on leave State humanities councils across the country have been discussing how to present the myriad histories that make up the US for the 250th commemoration events. But leaders of those councils say the loss of money from the National Endowment for the Humanities means some events are now unlikely to take place.

      The NEH is a federal agency that awards money appropriated by Congress to a variety of recipients, including state humanities councils, museums, universities and historic sites. The money supports educational programmes, research and preservation, among other things.

      This month, the Trump administration's Department of Governmental Efficiency, overseen by billionaire Trump adviser Elon Musk, placed roughly 80 per cent of NEH staff members on administrative leave, according to the Federation of State Humanities Councils.

      The NEH also sent letters to state humanities councils across the country saying their federal grants had been terminated. The halt in funding came during the middle of the fiscal year for thousands of organizations and is causing widespread changes in their programmes, including planning for the 250th anniversary.

      Heartbreaking' budget cuts Georgia Humanities, the state's humanities council, has been planning various events for the 250th anniversary, said president Mary McCartin Wearn.

      They include a statewide “digital book club" in partnership with the state's public library service, a program for speakers to travel across the state to give lectures and presentations, and a Smithsonian Institution program known as Museum on Main Street, which brings travelling exhibits to small towns and rural areas.

      But the council has now lost USD 740,000 in federal funding that had been awarded to it, placing those programmes in jeopardy, said McCartin Wearn, who has been fielding calls and emails from people asking about the status of their programming for the anniversary events.

      “It's really something that is heartbreaking, because it is a moment for reflection about who we are and who we want to be,” she said.

      Adam Davis, executive director of Oregon Humanities, said his state had already run trainings at rural libraries and begun conversations about “freedom, equality, how we remember key events, why we monumentalise or memorialize big things, and how we should do that”.

      “You can celebrate the 250th by having a commercial at the Super Bowl and waving a big flag," Davis said.

      "You could also do things like get community members talking to each other about the core values in the country and what we hope for, and you can build trust and strengthen the fabric of our democracy.” Without the funding, he said, “the scale is going to be quite different”.

      A diminished telling of the nation's history Miranda Restovic, president and executive director of the Louisiana Endowment for the Humanities, said the state's role in the nation's history makes the 250th anniversary “a really wonderful opportunity”.

      However, the funding cuts, which amount to USD 600,000 this fiscal year, put her organisation in “contingency planning mode rather than continuing to think creatively about how we celebrate that important moment for our nation and our history”.

      In a state that has shaped American history, cuisine and culture, the group's plan for the 250th anniversary was to “nudge” people around the state to design programs that would show off the distinct flavours of their communities.

      “We were planning to lean into us as a grant maker and support local initiatives that celebrated the 250th so that people can tell their own story," Restovic said. "We are likely not going to be able to do that.” Brenda Thomson, executive director of Arizona Humanities, said she had been imagining dramatic readings of the Bill of Rights, theatre productions, parades, book readings and festivals as activities that communities would be putting on “with a heightened sense of pride” for the 250th anniversary.

      She said the USD 1 million cut to her organization will mean curtailing those activities in a way that will not allow the telling of the nation's full story. She lamented what would be lost.

      “How do you know what you're doing if you don't know where you came from," she said. (AP) PY PY

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