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    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
    PM Modi, UK PM Burnham commit to harnessing full potential of mega trade deal
    ITC Q1 profit declines 15.6 pc to Rs 4,508.79 cr; non-cigarette FMCG posts robust growth
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    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
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    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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.
    July 31, 2026
    Show AI Summary
    India-UK trade agreement enables duty-free access and bilateral cooperation on investment, technology, and strategic partnership.
    The India-UK Comprehensive Economic and Trade Agreement provides zero-duty market access in the UK for nearly 99 per cent of India's exports and is intended to expand bilateral trade and investment opportunities. The governments committed to maximise its benefits through the Comprehensive Strategic Partnership, including cooperation on technology, innovation, security, clean energy, education and people-to-people links. Advanced technology collaboration, including artificial intelligence, is also contemplated.
    July 31, 2026
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    Excise duty increases on cigarettes pressured profitability, while calibrated pricing and FMCG growth supported market resilience.
    Excise duty increases on cigarettes affected consolidated profitability, prompting calibrated pricing and portfolio measures to protect market share and limit migration to illicit trade. The cigarette portfolio was re-architected across price points through value-accretive offerings and staggered pricing actions. Non-cigarette FMCG growth was supported by demand for packaged foods, dairy and personal-care products. Input-cost inflation was mitigated through inventory cover, commodity hedging and price-volume rebalancing amid crude-price volatility, supply-chain disruption and imported inflation concerns.

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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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