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    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
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    Gross and Net GST revenue collections for the month of July, 2026
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    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
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    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.
    August 1, 2026
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    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.

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      Women who are left behind: Another side of Assam floods

      May 11, 2025

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      Dhemaji (Assam), May 11 (PTI) "Will our house still be standing when we return some day? What about the land?" Lakhisekhi Bara's ears ring with these questions from her husband every day. Questions to which she has no answer.

      Bara (52) moved to Assam's Dhemaji from a neighbouring district with her daughter-in-law when the 2023 floods rendered them homeless while the men of the family migrated to Chennai to work as construction labourers.

      The two women are among several to have been left behind in the district by the men in their families who moved to other states due to climate-induced income loss.

      "We used to work the farmland but agriculture has become unpredictable while daily wage work is not regularly available. It was not possible to run the household with this income. As a result, my husband and our son moved to Chennai two years ago. We moved to Dhemaji because other women from our extended family live here and we can be there for each other in times of need," she tells PTI.

      "Whenever my husband calls, he wonders if our land will be safe to resume agriculture some day. What if it is completely washed away? That is our only asset," she says.

      Among the country's 250 most backward districts, Dhemaji is severely flood-prone. Official estimates suggest more than 23 lakh people in 28 districts of Assam in India's northeast have been affected by floods.

      The unpredictable Brahmaputra river -- originating in the Tibetan Plateau and flowing through Arunachal Pradesh and Assam before emptying into the Bay of Bengal -- shapes the state's flood landscape.

      During a visit to Bara's village, this PTI correspondent could barely spot a working-age man. Most of the men still left in the village were either senior citizens or children.

      Roopa Baruah (32) lives in a 'chang ghar' -- a temporary home built on bamboo stilts -- with her two children, aged four and six, while their pucca house built under the Pradhan Mantri Awas Yojna lies abandoned.

      Her husband works in a Bengaluru rubber factory and hasn't been back for two years.

      "The pucca house is located in a far-flung spot in the village. If it gets submerged, I cannot rush out on my own with the children. So I live in a 'chang ghar' here with other women nearby. Sometimes, if my children are ill, it is easier to get help here," she tells PTI.

      "My husband sends money. He asks if we will be able to live together in our house some day. The children miss their father but what can we do when there are no income sources here? If we also migrate, it will be expensive and our house here may be gone forever," she says.

      The majority of Dhemaji's residents live in 'chang ghars', with their livestock kept below. During floods, however, the animals have to be accommodated inside to save them from being washed away.

      When living at home becomes perilous, they move away from the embankment and return after the waters recede.

      A working-age man, Bokul moved back to Dhemaji four months ago after losing an arm in a factory accident in Kerala. He now lives with the women of the family.

      "Most of the men have left the village to make a living in other states. It is mostly the elderly or those with disabilities, like me, who live here since we cannot go out to earn. I help my wife and my brother's wife, who lives here with her three-year-old son. Nobody wants to migrate but there is no choice," the 26-year-old says.

      Rebuilding homes, collecting firewood, fishing, stitching and weaving for pittances, besides helping children and livestock adjust to a new place as floods render them homeless every year are among the changing roles women in the district perform due to the migration of men that has increased their vulnerability and workload.

      Indian Institute of Technology (IIT), Guwahati, researchers studying the climate-induced migration from the district believe Dhemaji serves as a compelling case due to its extreme vulnerability to environmental changes, particularly flooding.

      The study is being funded by the Indian Institute for Human Settlements and Population Council.

      According to IIT, Guwahati, professor Anamika Baruah, who is leading the study, recurrent floods lead to displacement, erosion, prolonged waterlogging and the destruction of livelihood -- especially agriculture, the district's economic backbone.

      "Climate change further intensifies these challenges, increasing the frequency and the severity of floods, resulting in both seasonal and permanent displacement. Beyond the environmental impact, the socio-economic consequences in Dhemaji are substantial," she says.

      Debarchana Biswas, a postdoctoral scholar at IIT, Guwahati, says most workers from Assam, particularly districts such as Dhemaji, are not happy migrating to other parts of the country despite recognising its economic benefits.

      "For many, migration is seen as a positive step toward improving their financial situation but, deep down, leaving behind their families, homes and familiar surroundings is emotionally challenging. Migration, while providing better wages, comes with the emotional and logistical burden of maintaining two households," she says, citing the study.

      "This dual responsibility is financially and emotionally draining. Moreover, during emergencies, their inability to quickly return home exacerbates their sense of helplessness," she says.

      The 2021 Climate Vulnerability Index ranked Assam as India's most climate-vulnerable state. The expansive Brahmaputra and Barak river basins, Assam's fast-dwindling green cover and northeast India's overall geoecological fragility are a few reasons behind the vulnerability.

      Improved plans and programmes are being implemented for disaster risk reduction in hazard-prone areas compared to previous years, says environmental scientist Partha Jyoti Das.

      He says, "High-vulnerability groups like women, the elderly and marginalised communities should get more attention in disaster risk reduction policies. Although we have many policies and programmes on paper to address such concerns, the vulnerable people somehow do not get the desired benefit of such interventions to the expected extent -- indicating execution deficit and lack of monitoring of government projects and welfare schemes." Das, who heads the Water, Climate and Hazard division at Aranyak -- a research organisation -- notes outwards migration of youngsters from rural areas is usually considered a useful strategy to cope with the negative impact of climate-induced hazards. The remittances they send back is also crucial for survival and sustenance of their families in a hazard-prone environment.

      "However, labour out-migration also has some negative impacts. We have seen wives and girls bearing more burden of family responsibilities such as looking after parents, in-laws and children. The women must also take care of family vocations such as farming, livestock rearing and other such means of income generation," he adds.

      Luit Goswami, executive director at Rural Volunteers Centre -- a non-profit working in the region -- says Dhemaji is extremely vulnerable to climate change due to its proximity to the confluence of the Brahmaputra and many of its tributaries.

      "However, like most developing regions, climate change issues have received less importance here and efforts are more focused on recovery than creation of adaptive capacity," he says.

      "The forced displacement due to climate extremes leads to distress migration, which has largely been accepted as an adaptation strategy by the families and the communities affected," he adds.

      The responsibilities of women seem to be soaring they ensure the rights of children such as survival (food and nutrition, health care), development (education) and protection (early marriage, child labour, child-trafficking, drug abuse), he says. "All these lead to physical and mental health deterioration." PTI GJS GJS SZM SZM

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