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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
    Show AI Summary
    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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      Leading Indian Academic Dr.C. Raj Kumar and Parliamentarian Dr. Abhishek M. Singhvi Address Members of Japanese Parliament at the Diet

      June 26, 2025

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      Tokyo, 26 June 2025: Professor (Dr.) C. Raj Kumar, Founding Vice Chancellor of O.P. Jindal Global University (JGU), addressed members of the Japanese Parliament at the National Diet of Japan during a high-level policy dialogue aimed at strengthening India–Japan strategic cooperation. This prestigious event, hosted by the Japanese Parliamentary Committee for World Federation, was themed: “India and Japan: Partners in Democracy, Drivers of Innovation, and Architects of a Sustainable Future.” In his address to the Japanese Parliamentarians, Professor (Dr.) C. Raj Kumar underscored the growing significance of inter-parliamentary dialogue and academic partnerships in tackling shared global challenges. “We are witnessing a historic moment where universities and parliaments must work together to shape the future of democracy and development,” said Professor Kumar. “India and Japan can lead the way—not only through economic cooperation, but by investing in people, knowledge, and institutions that advance peace, justice, and sustainability.” Professor Kumar further stated: “JGU’s presence in Japan’s Parliament is a symbol of the power of education to bridge cultures and build alliances. We believe that meaningful diplomacy must also be academic, intellectual, and people-centric.” The highlight of the session was an address by Dr. Abhishek M. Singhvi, Senior Advocate of the Supreme Court of India and Member of Parliament (Rajya Sabha), who spoke eloquently about the shared democratic values of India and Japan and their potential to influence the global discourse. Dr. Singhvi called for deeper collaboration between India and Japan in areas such as technology, education, climate resilience, and global governance, while stressing the need for a peaceful, inclusive, and sustainable Indo-Pacific vision. “India and Japan are not just allies of circumstance—we are civilizational partners in democracy, innovation, and global responsibility,” said Dr. Singhvi. “As two of Asia’s strongest democracies, our task is to jointly lead by example—through pluralism, through peace, and through principled partnerships for the planet.” The event brought together more than 35 senior members of the Japanese legislature and government officials.

      Mr. Seishiro Eto, Former (17th) President of the Japanese Parliamentary Committee for World Federation (Acting President in the absence of Chairman Fukushiro Nukaga), inaugurated the dialogue and extended a warm welcome to the distinguished Indian guests.

      H.E. Mr. Sibi George, Ambassador of India to Japan, was invited to the interaction and conveyed his deep appreciation to the members of the Japanese Parliament, the Government of Japan, and the Indian delegation from O.P. Jindal Global University led by Professor (Dr.) C. Raj Kumar for advancing meaningful bilateral cooperation in higher education and research.

      Hon’ble Shingo Miyamoto, Director-General, Ministry of Foreign Affairs, South Asia Department, expressed his optimism for the fast-growing relations between Japan and India across multiple domains, particularly in the sphere of higher education and institutional collaboration.

      Hon’ble Kuniko Inoguchi, Member of the House of Councillors, Former Minister of Gender Equality, and Professor at Sophia University, warmly welcomed the Indian delegation. She highlighted her longstanding engagement with India and expressed her enthusiasm for seeing a greater presence of Indian students and Indian knowledge traditions in Japan.

      Hon’ble Dr. Sukehiro Hasegawa, a respected parliamentary expert and former UN official, welcomed stronger India–Japan exchanges, stating that “Japan needs Indian creativity and imagination to invigorate its global policies, and for the two countries to become strong global leaders together.” The event saw participation from a broad spectrum of Japanese political parties and parliamentary experts, underscoring the deep, cross-party interest in strengthening Indo-Japanese ties.

      Distinguished participants included at the National Diet of Japan: Liberal Democratic Party: • Hon’ble Masahiko Shibayama, Member of the House of Representatives, Acting Secretary-General, Former Minister of Education, Culture, Sports, Science and Technology • Hon’ble Kuniko Inoguchi, Member of the House of Councillors, Co-Vice Chairperson, Former Minister of Gender Equality • Hon’ble Fukushiro Nukaga, Member of the House of Representatives, President, Japanese Parliamentary Committee for World Federation; Former Minister of Finance; Former Director-General of the Japan Defence Agency • Hon’ble Rintaro Ishibashi, Member of the House of Representatives • Hon’ble Yohei Onishi, Member of the House of Representatives • Hon’ble Masaaki Koike, Member of the House of Representatives • Hon’ble Jun Tsushima, Member of the House of Representatives • Hon’ble Hirofumi Takinami, Member of the House of Councillors Constitutional Democratic Party of Japan • Hon’ble Yuki Baba, Member of the House of Representatives • Hon’ble Motoko Mizuno, Member of the House of Councillors • Hon’ble Mamoru Umetani, Member of the House of Representatives • Hon’ble Hiroki Saito, Member of the House of Representatives • Hon’ble Shinji Sugimura, Member of the House of Representatives • Hon’ble Sekio Masuda, Member of the House of Representatives • Hon’ble Daiki Michishita, Member of the House of Representatives • Hon’ble Issei Yamagishi, Member of the House of Representatives • Hon’ble Hiroshi Kasa, Member of the House of Representatives • Hon’ble Ayaka Shiomura, Member of the House of Councillors Democratic Party For the People • Hon’ble Kiichiro Hatoyama, Member of the House of Representatives (Son of Former Prime Minister Hon’ble Yukio Hatoyama) Japan Innovation Party • Hon’ble Kenta Aoshima, Member of the House of Councillors Japanese Communist Party • Hon’ble Tetsuya Shiokawa, Member of the House of Representatives NHK Party • Hon’ble Satoshi Hamada, Member of the House of Councillors Sanseitō • Hon’ble Yuko Kitano, Member of the House of Representatives Independent • Hon’ble Makiko Dogome, Member of the House of Councillors Government of Japan • Hon’ble Shingo Miyamoto, Director-General, Ministry of Foreign Affairs, South Asia Department Collaborating Organization WFM Youth Forum • Hon’ble Koji Mitamura, Chairperson • Hon’ble Kohei Mitamura, President, Mitamura Group (Fukuhō Bank Founding Family, Owner of Bunky Corporation entrusted by MEXT, and the Koshinomiyako Media Network) Parliamentary Experts • Hon’ble Dr. Sukehiro Hasegawa, Former Special Representative of the UN Secretary-General • Hon’ble Masakuni Tanimoto, International Committee Chairman of WFM-Japan; Under Secretary-General, Japanese Parliamentary Committee for World Federation This parliamentary engagement marked Professor Raj Kumar’s second consecutive address at the National Diet of Japan, following his 2024 lecture on “The Role of India and Japan in Global Governance.” His return this year reaffirms O.P. Jindal Global University’s steadfast commitment to academic diplomacy and its growing leadership in strengthening India–Japan relations through education.

      The interaction at the National Diet was a powerful testament to the shared democratic values, strategic convergence, and mutual aspirations of India and Japan. It highlighted the indispensable role of education, research, and intellectual exchange in crafting a resilient, innovative, and peaceful future for both nations and the broader Indo-Pacific region.

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

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