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    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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    Closely monitoring: India on US bill seeking up to 100 % tariffs on purchasers of Russian oil
    Delhi HC seeks ED stand on Nayan Raheja's plea against money laundering case
    Rupee appreciates 7 paise to close at 95.43 against US dollar
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    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.
    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.
    July 31, 2026
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    Russian oil purchases may trigger proposed targeted tariffs, with periodic reassessment based on countries' purchasing behaviour.
    Proposed United States measures would authorise sanctions against Russia and persons supporting its war in Ukraine, while permitting targeted tariffs on imports from countries purchasing substantial volumes of Russian oil or gas or facilitating sanctions evasion. The framework identifies major purchasers and shadow-fleet facilitators for possible additional tariffs and provides for periodic reassessment and tariff adjustments based on purchasing behaviour. India stated that its energy-security policy rests on national priorities and diversified energy sources.
    July 31, 2026
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    Money-laundering proceedings face challenge over absent predicate offence, alleged lack of criminal intent, and treatment of related FIRs.
    Money-laundering proceedings linked to alleged diversion of homebuyer funds are challenged on the ground that no scheduled offence or criminal intent is attributable to the petitioner. The petitioner relies on his asserted exoneration in two predicate FIRs, where charge sheets did not name him, and settlement of the remaining FIR. Notice was issued for a response and status report, and the petitioner undertook to cooperate with the investigation.
    July 31, 2026
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    Rupee appreciation reflected foreign capital inflows and central bank support, tempered by crude prices and geopolitical tensions.
    Rupee appreciation against the US dollar was linked to sustained foreign capital inflows and Reserve Bank support through dollar selling. Higher crude oil prices, a stronger US dollar and geopolitical tensions in West Asia constrained further gains. A slightly positive near-term rupee bias was associated with softer dollar conditions, dovish US monetary expectations, favourable global markets and improved foreign inflows, while geopolitical risks remained relevant. Domestic equity indices rose, foreign-exchange reserves increased, and fiscal-deficit data showed the central government's position against its full-year target.

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      Poland once threw its doors open to millions of Ukrainian refugees, but mood shifted

      May 11, 2025

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      Warsaw, May 11 (AP) In the early months of 2022, as Russia's full-scale invasion of Ukraine began, millions of Ukrainians — mostly women and children — fled to Poland, where they were met with an extraordinary outpouring of sympathy. Ukrainian flags appeared in windows. Polish volunteers rushed to the border with food, diapers, SIM cards. Some opened their homes to complete strangers.

      In the face of calamity, Poland became not just a logistical lifeline for Ukraine, but a paragon of human solidarity.

      Three years later, Poland remains one of Ukraine's staunchest allies — a hub for Western arms deliveries and a vocal defender of Kyiv's interests. But at home, the tone toward Ukrainians has shifted.

      Nearly a million Ukrainian refugees remain in Poland, with roughly 2 million Ukrainian citizens overall in the nation of 38 million people. Many of them arrived before the war as economic migrants.

      As Poland heads into a presidential election on May 18, with a second round expected June 1, the growing fatigue with helping Ukrainians has become so noticeable that some of the candidates have judged that they can win more votes by vowing less help for Ukrainians.

      “The mood of Polish society has changed towards Ukrainian war refugees,” said Piotr Dlugosz, a professor of sociology at the Jagiellonian University in Krakow who has carried out research on the views toward Ukrainians across central Europe.

      He cited a survey by the Public Opinion Research Centre in Warsaw that showed support for helping Ukrainians falling from 94% at the start of Russia's full-scale invasion in February 2022 to 57% in December 2024.

      “Many other studies confirm the change in mood,” he said. “At the same time, it should be remembered that helping refugees after the outbreak of the war was a natural moral reflex, that one should help a neighbour in need. All the more so because Poles remember the crimes committed by Russians against Poles during and after two world wars.” Candidates adjust to anti-Ukrainian sentiment Among those to transform the shift in mood into campaign politics is conservative candidate Karol Nawrocki, a historian and head of the Institute of National Remembrance who is the Law and Justice party's chosen candidate and one of the frontrunners.

      Law and Justice, still in government in 2022, led the humanitarian response to the crisis along with President Andrzej Duda, a conservative backed by the party who travelled to Kyiv during the war.

      As Nawrocki seeks to succeed Duda, he is showing ambivalence toward Ukrainians, stressing the need to defend Polish interests above all else.

      Duda and Law and Justice have long admired Donald Trump, and Nawrocki — who was welcomed at the White House by Trump on May 1 — has at times used language that echoes the American president's.

      “Ukraine does not treat us as a partner. It behaves in an indecent and ungrateful way in many respects,” Nawrocki said in January.

      After Ukrainian President Volodymyr Zelenskyy's tense visit to the Oval Office in February, Nawrocki declared the Ukrainian leader needed to “rethink” his behaviour toward allies.

      Last month Nawrocki vowed that if he wins, he will introduce legislation that would prioritise Polish citizens over Ukrainians when there are waits for medical services or schools.

      “Polish citizens must have priority,” Nawrocki said in a campaign video. “Poland first. Poles first.” Further to the right, candidate Slawomir Mentzen and his Confederation party have gone beyond that. He has blamed Ukrainians for overburdened schools, inflated housing prices, and accused them of taking advantage of Polish generosity.

      At an April 30 rally of a far-right candidate, Grzegorz Braun, his supporters climbed up to a balcony on city hall in Biala Podlaska and pulled down a Ukrainian flag that had been hanging there since February 2022 as an expression of solidarity.

      The political centre is adjusting too.

      Rafal Trzaskowski, the liberal-minded mayor of Warsaw from Prime Minister Donald Tusk's centrist party who welcomed Ukrainians to his city in 2022, proposed in January that only Ukrainian refugees who “work, live and pay taxes” in Poland be granted access to the popular “800+” child benefit — 800 zlotys ($210) per month per child.

      The requirements were already tightened recently, and some refugee advocates described it as a concession to far-right narratives.

      Ukrainians say they're helping Poland, too Ukrainian Ambassador to Poland Vasyl Bodnar disputes claims that Ukrainians are taking more than they give. About 35,000 receive support without working, he said, but what they receive is only a fraction of what Ukrainians contribute in taxes. He noted that some 70,000 Ukrainian-run businesses now operate in Poland.

      “Ukrainians are helping the Polish economy to develop,” he told The Associated Press.

      Malgorzata Bonikowska, president of the Centre for International Relations, said that it is normal for tensions to emerge when large numbers of people from different cultures suddenly live and work side-by-side. And Poles, she added, often find Ukrainians pushy or entitled, and that rubs them the wrong way. “But there is still very stable support for helping Ukraine. We truly believe Ukrainians are Europeans, they are like our brothers.” Rafal Pankowski, a sociologist who heads Never Again, a group that fights xenophobia, has tracked anti-Ukrainian sentiment from the start of the full-scale war. At first, the far right was very isolated in its anti-Ukrainian opinions, he said.

      “What is happening this year is harvest time for all those anti-Ukrainian propagandists, and now it goes beyond the far right," he said.

      Kateryna, a 33-year-old Ukrainian who has lived in Poland for years, has seen the change up close. In 2022, strangers often greeted her with sympathetic looks and with the words “Slava Ukraini” (Glory to Ukraine).

      But then last fall, a man on a tram cursed her for reading a Ukrainian book. This spring, outside a social security office, another man shoved her and screamed, “No one wants you here.” Such incidents remain rare — Poles and Ukrainians co-existing on friendly terms is still the norm. But she feels such incidents were unthinkable three years ago.

      She asked that her last name not be used because she works as a manager in a company that would require to have clearance to be identified publicly.

      Her parents remain in Ukraine, and her brother serves in the army. Like many in the region, she believes Ukrainian resistance is keeping Poland safe by holding the Russians at bay.

      Tensions now, she worries, only serve Moscow. “We must stick together,” she said. (AP) SCY SCY

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