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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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      President Donald Trump pushes ahead with his maximalist immigration campaign in face of LA protests

      June 10, 2025

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      Washington, Jun 10 (AP) Donald Trump made no secret of his willingness to exert a maximalist approach to enforcing immigration laws and keeping order as he campaigned to return to the White House. The fulfillment of that pledge is now on full display in Los Angeles.

      The president has put hundreds of National Guard troops on the streets to quell protests over his administration's immigration raids, a deployment that state and city officials say has only inflamed tensions. Trump called up the California National Guard over the objections of Democratic Governor Gavin Newsom — the first time in 60 years a president has done so — and is deploying active-duty troops to support the guard.

      By overriding Newsom, Trump is already going beyond what he did to respond to Black Lives Matter protests in 2020, when he warned he could send troops to contain demonstrations that turned violent if governors in the states did not act to do so themselves. Trump said in September of that year that he "can't call in the National Guard unless we're requested by a governor" and that "we have to go by the laws." But now, the past and current president is moving swiftly, with little internal restraint to test the bounds of his executive authority in order to deliver on his promise of mass deportations. What remains to be seen is whether Americans will stand by him once it's operationalised nationwide, as Trump looks to secure billions from Congress to dramatically expand the country's detention and deportation operations.

      For now, Trump is betting that they will.

      "If we didn't do the job, that place would be burning down," Trump told reporters Monday, speaking about California. "I feel we had no choice. ... I don't want to see what happened so many times in this country." A crisis of Trump's own making The protests began to unfold on Friday as federal authorities arrested immigrants in several locations throughout the sprawling city, including in the fashion district of Los Angeles and at a Home Depot. The anger over the administration's actions quickly spread, with protests in Chicago and Boston as demonstrations in the southern California city also continued on Monday.

      But Trump and other administration officials remained unbowed, capitalising on the images of burning cars, graffiti and Mexican flags — which, while not dominant, started to become the defining images of the unrest — to bolster their law-and-order cause.

      Leaders in the country's most populous state were similarly defiant.

      California officials moved on Monday to sue the Trump administration, with the state's attorney general, Rob Bonta, arguing that the deployment of troops "trampled" on the state's sovereignty and pushing for a restraining order. The initial deployment of 300 National Guard troops was expected to quickly expand to the full 2,000 that were authorised by Trump.

      The state's senior Democratic senator, Alex Padilla, said in an interview that "this is absolutely a crisis of Trump's own making." "There are a lot of people who are passionate about speaking up for fundamental rights and respecting due process, but the deployment of National Guard only serves to escalate tensions and the situation," Padilla told The Associated Press. "It's exactly what Donald Trump wanted to do." Padilla slammed the deployment as "counterproductive" and said the Los Angeles Sheriff's Department was not advised ahead of the federalisation of the National Guard. His office has also pushed the Pentagon for a justification on the deployment, and "as far as we're told, the Department of Defense isn't sure what the mission is here," Padilla added.

      Candidate Trump previewed immigration strategy during campaign Much of this was predictable.

      During his 2024 presidential campaign, Trump pledged to conduct the largest domestic deportation operation in American history to expel millions of immigrants in the country without legal status. He often praised President Dwight D Eisenhower's military-style immigration raids, and the candidate and his advisers suggested they would have broad power to deploy troops domestically to enact Trump's far-reaching immigration and public safety goals.

      Trump's speedy deployment in California of troops against those whom the president has alluded to as "insurrectionists" on social media is a sharp contrast to his decision to issue no order or formal request for National Guard troops during the insurrection at the US Capitol on January 6, 2021, despite his repeated and false assertions that he had made such an offer.

      Trump is now surrounded by officials who have no interest in constraining his power. In 2020, Trump's then-Pentagon chief publicly rebuked Trump's threat to send in troops using the Insurrection Act, an 1807 law that empowers the president to use the military within the US and against American citizens.

      Current Defence Secretary Pete Hegseth signalled support on his personal X account for deploying troops to California, writing, "The National Guard, and Marines if need be, stand with ICE," referring to the US Immigration and Customs Enforcement agency.

      The Defence Department said on Monday it is deploying about 700 active-duty Marines to Los Angeles to support National Guard troops already on the ground to respond to the protests.

      White House responds to an incompetent' governor Protesters over the weekend blocked off a major freeway and burned self-driving cars as police responded with tear gas, rubber bullets and flash-bang grenades in clashes that encompassed several downtown blocks in Los Angeles and led to several dozen arrests. Much of the city saw no violence.

      But the protests prompted Trump to issue the directive Saturday mobilising the California National Guard over Newsom's objections. The president and his top immigration aides accused the governor of mismanaging the protests, with border czar Tom Homan asserting in a Fox News interview on Monday that Newsom stoked anti-ICE sentiments and waited two days to declare unlawful assembly in the city.

      Trump told Newsom in a phone call on Friday evening to get the situation in Los Angeles under control, a White House official said. It was only when the administration felt Newsom was not restoring order in the city — and after Trump watched the situation escalate for 24 hours and White House officials saw imagery of federal law enforcement officers with lacerations and other injuries — that the president moved to deploy the Guard, according to the official, who was granted anonymity to discuss private deliberations.

      "He's an incompetent governor," Trump said on Monday. "Look at the job he's doing in California. He's destroying one of our great states." Local law enforcement officials said Los Angeles police responded as quickly as they could once the protests erupted, and Newsom repeatedly asserted that state and city authorities had the situation under control.

      "Los Angeles is no stranger to demonstrations and protests and rallies and marches," Padilla said. "Local law enforcement knows how to handle this and has a rapport with the community and community leaders to be able to allow for that." The aggressive moves prompted blowback from some of Trump's erstwhile allies. Ileana Garcia, a Florida state senator who in 2016 founded the group Latinas for Trump and was hired to direct Latino outreach, called the recent escalation "unacceptable and inhumane." "I understand the importance of deporting criminal aliens, but what we are witnessing are arbitrary measures to hunt down people who are complying with their immigration hearings — in many cases, with credible fear of persecution claims — all driven by a Miller-like desire to satisfy a self-fabricated deportation goal," said Garcia, referring to Stephen Miller, a White House deputy chief of staff and key architect of Trump's immigration crackdown.

      The tactics could be just a preview to what more could come from the Trump administration and the Republican-controlled Congress. GOP lawmakers are working to pass a massive tax-and-border package that includes billions to hire thousands of new officers for Border Patrol and for ICE. The goal, under the Trump-backed plan, is to remove 1 million immigrants without status annually and house 100,000 people in immigration detention centres. (AP) RUK RUK

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