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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
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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.

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      Percept Live and A.R. Rahman Set to Create History with the Global Premiere of 'The Wonderment Tour' at DY Patil Stadium

      May 3, 2025

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      Mumbai, Maharashtra, India (NewsVoir) Percept Live, the creators of Asia’s largest Electronic Dance Music Festival ‘Sunburn’, is poised to create history yet again. In an extraordinary collaboration with legendary music maestro A.R. Rahman, Percept Live is all set to unveil the global premiere of The Wonderment Tour - a spectacular, one-of-a-kind live concert experience set to light up DY Patil Stadium, Navi Mumbai on May 3, 2025 and expected to cross an attendance of 50,000 fans.

      Marking the beginning of an ambitious international tour, The Wonderment Tour promises an unforgettable multi-sensory journey featuring Rahman’s grandest production yet. Audiences can look forward to a magnificent showcase of sound, visuals, and technology, where music, storytelling, and movement unite in an ethereal celebration of art.

      Joining A.R. Rahman on this extraordinary stage will be an electrifying lineup of India's finest vocal talents, including Sukhwinder Singh, Jonita Gandhi, Mohit Chauhan, and a host of surprise guest artists yet to be announced.

      Choreographed by the legendary Shiamak Davar, the show promises a breath-taking visual narrative that sets a new benchmark in live entertainment. Featuring a stunning array of intricately crafted costumes and statement accessories to match the precision movement and compelling storytelling, every detail is designed to captivate. Davar’s visionary touch blends tradition with innovation, transforming Rahman’s iconic compositions into a dazzling sensory spectacle of rhythm, colour, fashion, and motion.

      The event is presented as part of the upcoming Waves Summit - a premier global event hosted by the Government of India. The Wonderment Tour is co-produced by Percept Live, Fairgame Entertainment, and Jo Entertainment, and promises to redefine the concert experience in India. With stunning visual storytelling, cutting-edge immersive technologies, and a carefully curated setlist blending Rahman's most iconic classics with fresh, innovative reinterpretations, the concert will transport audiences into a surreal world where nostalgia meets the future.

      In an unprecedented move, the event has attracted one of the most powerful line-ups of sponsors ever seen at a live event in India, featuring brands such as JSW, Adani, Bajaj Allianz, Rampur, Kingfisher, Tata Motors, Panchshil Realty, HSBC, boAt, Vedica, RRP Electricals, and Maharashtra Tourism.

      The Wonderment Tour is poised to redefine the very scale of live entertainment in India, with an anticipated attendance exceeding 50,000 fervent fans – a record-shattering feat that marks the largest-ever stadium audience for an Indian artist in the history of India. This landmark moment not only celebrates the genius of A.R. Rahman, but also elevates India’s stature on the global stage of live music experiences with an Indian artist.

      Despite the intense Mumbai heat wave on May 3rd, ‘The Wonderment Tour’ is a testament to Percept Live’s unwavering commitment to audience comfort, safety, and well-being. With fans traveling from every corner of India, spanning generations and geographies, meticulous, future-forward planning has been implemented to ensure a seamless and elevated experience for all. From free water stations, to a thoughtfully curated F&B experience featuring nutritionally balanced options designed to keep guests refreshed and energized throughout the evening, every detail has been designed to help guests stay cool, energized, and immersed in the magic of the evening.

      Operational logistics have been executed with great precision by Percept Live. From the moment guests arrive, best-in-class global SOPs have been deployed, spanning ample parking facilities, seamless entry management, crowd flow, multi-layered safety and security protocols, spotless restroom availability, and fully equipped medical facilities to ensure prompt assistance in case of emergencies. Every aspect has been engineered to accommodate the movement and care of 50,000 attendees with assiduousness.

      The grandeur extends to the superlative production as well. A staggering 12,000 sq. ft. LED canvas will transform the stage into a living, breathing work of art, offering an anamorphic visual marvel that will bring Rahman’s sonic world to life. World-class sound engineers have reimagined the auditory experience with cutting-edge technology, crafting a state-of-the-art audio experience tailored to the vast open-air setting. Every note, beat, and nuance will be preserved with absolute clarity, ensuring that no part of the music is lost to the outdoor environs.

      Said Ashwwin Mukundan, Business Head, Percept Live, “Executing a show of this magnitude goes far beyond stage and sound. It’s about understanding the nuances of audience experience, artist comfort, technological precision, and world-class infrastructure. Every detail, from crowd logistics and climate-sensitive planning to immersive content and acoustics, has been meticulously curated to global standards. At Percept Live, we take immense pride in presenting India’s finest talent, like the legendary A.R. Rahman, to the world with the grandeur they deserve. With ‘The Wonderment Tour’, we aren’t just hosting a concert, we are committed to delivering a world-class experience that places Indian artistry confidently on the global stage.” Said Karan Singh, Director, Percept Live, “At Percept Live, we’ve always believed in pushing the boundaries of live entertainment. With decades of experience in conceptualizing and producing some of Asia’s largest live music festivals, like Sunburn, Bollyboom and EPL, we understand the pulse of the audience, the precision required to manage massive infrastructure, and the finesse needed to work with the biggest artists in the world. The fact that a global icon like A.R. Rahman entrusted us with creation of the Wonderment Intellectual Property and the management of its world premiere, is a true testament to the credibility, scale, and creative vision that Percept Live brings to the table. We don’t just organize events … we create landmark experiences that resonate with millions around the world.” And yet, this is only the beginning. The Wonderment Tour serves as the spectacular launchpad for Percept Live's bold new vision - a monumental series of world-class productions that will spotlight the finest Indian and international talent. With a dynamic roadmap that stretches across India, neighboring countries, and overseas destinations, Percept Live is set to usher in a golden era of live entertainment, seamlessly blending cultural richness with cutting-edge innovation. Each upcoming show promises to be a landmark event, a larger-than-life celebration of music, movement, and imagination, destined to captivate audiences across continents.

      Harindra Singh, Chairman and Managing Director, Percept Limited said, “Percept Live is making its comeback in a bold new avatar - one that reflects the evolving aspirations of today’s audiences and the spirit of a self-reliant India. Inspired by Hon’ble Prime Minister Shri Narendra Modi’s visionary call to position India as the global epicentre of art, culture, and creativity, and to fuel the nation’s 'Content Economy,' we are proud to spearhead this movement from the heart of the country’s economic capital. With ‘The Wonderment Tour’, we’re not just hosting a concert - we’re setting a new benchmark in live entertainment with the biggest and best act ever staged in India’s history. Backed by deep research, innovation, and an unwavering passion for the arts, Percept Live is committed to elevating Indian artistry onto the global stage with the scale, ambition, and sophistication it deserves. This is more than a comeback … it’s a renaissance. As we move forward, Percept Live will continue to grow from strength to strength, breaking new ground and delivering iconic world-class, live entertainment experiences that reflect the pride, power, and potential of New India.” As the curtain rises on May 3, 2025, at DY Patil Stadium a night of magic, music, and memories will unfold - a night where history will once again be made by Percept Live. The Wonderment Tour is not just a concert; it is a revolution in live performance, a testament to dreams realized on a colossal scale, and the sheer power of Indian talent. And as Mumbai becomes the epicenter of this extraordinary journey, the world will watch in awe, wonder, and celebration.

      For more information, follow us on: www.instagram.com/perceptlive?utm_source.

      About Percept Live Percept Live, established in the year 2012, is the live entertainment division of Percept Limited. It owns and manages all the Intellectual Properties created in the Live Entertainment, Sports, Fashion, Digital and Media space. Percept has been in the ‘Ideas’ business for the past 41 years and has been instrumental in creating many legendary ‘Intellectual Properties’ in the past for its clients. The creation of a dedicated ‘Intellectual Properties’ business was but a further extension to Percept’s existing knowledge and expertise in the Entertainment, Media and Communications domain with a vision to convert path breaking innovative ideas into Assets in order to create long term value for all its Stakeholders.

      Intellectual Properties owned by Percept Live • Bollyboom – the world’s first and biggest Bollywood Dance Music Festival offering lifestyle entertainment experiences encompassing multi-format Live Music Events, Clubs, Lounges, F&B and Merchandize • EPL (Eat Play Love) – a multi-cultural Festival of Food, Music and Art for the entire family • Windsong – an exclusive outdoor Adventure Music Festival focused on storytelling through the vibrant and diverse platform of Music and Arts • IMS (India Model Search) – India's first and only transparent model search platform that provides equal opportunity to all aspiring fashion models • XCC (Xtreme Combat Championship) – a Fight Night competition showcasing multi-gender fights in various categories, along with a 360-degree entertainment experience including F&B, fashion and music Percept Live is a Percept company. Percept is at an enviable leadership position in the Entertainment, Media and Communications domain with a team of over 150 people and 28 offices across India.

      (Disclaimer: The above press release comes to you under an arrangement with Newsvoir and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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