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    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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    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
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    Delhi HC seeks ED stand on Nayan Raheja's plea against money laundering case
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    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
    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
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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
    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
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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.
    July 31, 2026
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    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.

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      Cyril Shroff AI Law Centre of Jindal Global Law School Launched in London by Harvard Law Professor

      July 1, 2025

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      London, 1 July 2025: In a landmark event for India’s legal education and global AI governance, the Cyril Shroff Centre for AI, Law & Regulation at Jindal Global Law School (JGLS), O.P. Jindal Global University (JGU), was formally launched at the historic Law Society of England and Wales, London. This is India’s first Centre of Excellence exclusively dedicated to the intersection of artificial intelligence, law, and public policy.

      The lecture was co-hosted by O.P. Jindal Global University, The Law Society of England and Wales, The Cyril Shroff Centre for AI, Law and Regulation, India Business Group, and Jindal Global Law School.

      The Centre has been established through a transformative ₹15 crore endowment by Mr. Cyril Shroff, Managing Partner of Cyril Amarchand Mangaldas, and reflects his visionary commitment to advancing ethical AI regulation and access to justice. Anchored at JGLS—India’s No. 1 ranked law school—the Centre will foster interdisciplinary research, executive education, and international collaborations to shape the future of law and technology in India and beyond.

      The highlight of the evening was the inaugural lecture by Professor David B. Wilkins, Lester Kissel Professor of Law and Vice Dean for Global Initiatives at Harvard Law School, titled “Reimagining Law, Lawyers, and Justice in the Age of Artificial Intelligence.” The lecture was followed by a panel discussion with global experts in AI, law, and regulation.

      Speaking at the launch, Professor (Dr.) C. Raj Kumar, Founding Vice Chancellor of JGU, said: “The launch of the Cyril Shroff Centre for AI, Law & Regulation represents a bold and forward-looking step in the evolution of legal education and technological innovation. At JGU and JGLS, we are committed to ensuring that emerging technologies like AI are harnessed to uphold justice, human dignity, and democratic values. This Centre is not only about research and policy—it is about shaping the future of access to justice in a digital world.” Reflecting on the significance of this institutional moment, Professor Raj Kumar emphasised: “I also want to take this moment to recognize and honour Mr. Cyril Shroff’s extraordinary act of philanthropy and intellectual vision. It is not common to see law firms and their leaders invest so deeply in the public interest, especially in frontier areas like AI. His contribution reflects what all law firms should aspire toward: to play a transformative role in building thought leadership and influencing the public policy architecture of our time. We need more institutions like this—where legal minds work hand-in-hand with scientists, engineers, ethicists, and policymakers to shape the future.” Mr. Cyril Shroff, Managing Partner of Cyril Amarchand Mangaldas whose leadership and generosity made the Centre possible, added: “India is at a crucial inflection point where law and technology must converge to serve the public good. AI can be a powerful equalizer—transforming access to justice, speeding up legal processes, and making governance more efficient. But we must proceed with both innovation and inclusion. Through this Centre, we aim to contribute to global discourse and build frameworks that are thoughtful, ethical, and future-ready.” Speaking about the impact of AI on the legal profession, Mr. Cyril Shroff said: “For lawyers to fully engage with the challenges and opportunities posed by AI, we must embrace interdisciplinary research. Law cannot operate in a silo—our thinking must be informed by technology, data science, behavioural insights, ethics, and more. I am hopeful that this Centre will emerge as a hub of ideas and leadership from the Global South, where normative rule-making and benchmarking should not merely follow—but begin. India has both the capacity and the responsibility to be a thought leader in this space.” Articulating the vision of the Centre, Mr. Cyril Shroff observed: “Jindal Global Law School combines intellectual depth with global ambition—making it the ideal partner for pioneering AI and law research. Its interdisciplinary ethos and strong international networks create fertile ground for innovation. Hosting the Centre here ensures the ideas it generates resonate far beyond India, influencing global regulatory thinking from the Global South.” Mr. Richard Atkins, President of the Law Society of England & Wales, welcomed the gathering and offered spirited opening remarks: “It was a great honour for the Law Society to host this significant event. For over 200 years, the Law Society has served the legal profession in upholding the rule of law and advancing justice. The launch of the Cyril Shroff Centre for AI, Law & Regulation here in London reflects a shared commitment to global legal innovation and collaboration. We are proud to support this important initiative that brings together law, technology, and public service in such a powerful way.” Delivering the keynote lecture, Professor David B. Wilkins of Harvard Law School observed: “Artificial intelligence is not just a tool for lawyers—it is transforming the very architecture of legal systems. Institutions like the Cyril Shroff Centre are essential to ensuring that AI is integrated into the rule of law responsibly, ethically, and equitably. Lawyers must now become architects of technological justice, not just interpreters of legal codes. AI is also reshaping the landscape of the legal profession and the structure of law firms themselves. From client service delivery and dispute resolution to document review and predictive analytics, the profession is undergoing a seismic shift. We must be mindful of how these changes affect not only the economics of law, but also its core values—fairness, accountability, and human judgment. The legal profession must rise to this moment with both courage and conscience.” Congratulating Mr. Cyril Shroff for his leadership in philanthropy and Professor Raj Kumar on his outstanding contributions to global institution building efforts, Professor David Wilkins observed: “Jindal Global Law School is uniquely positioned to lead this global conversation. Its commitment to academic excellence, ethical leadership, and international engagement makes it the natural home for this Centre. There is no better institution in the Global South to shape how AI and law intersect for the public good.” Professor (Dr.) Shailendra Raj Mehta, The O.P. Jindal Distinguished University Professor at JGU, emphasized: “India has a rare opportunity to lead the world in responsible AI governance. To do that, we need serious academic institutions that can produce research, train professionals, and influence global policymaking. The Cyril Shroff Centre will be a beacon of thought leadership, policy insight, and ethical reflection.” The evening featured a dynamic panel discussion moderated by Professor (Dr.) C. Raj Kumar and Mr. Cyril Shroff, and brought together leading global voices from academia, the judiciary, and law firms. The panelists included: • Professor Michael Veale, Associate Professor in Digital Rights and Regulation, University College London • Ms. Verity Egerton-Doyle, Partner, Linklaters LLP, United Kingdom • Professor Chris Reed, Professor of Electronic Commerce Law, Queen Mary University of London • Hon’ble Mr. Justice Michael D. Wilson, Distinguished Professor at JGU and former Justice, Supreme Court of Hawai’i • Mr. Tim Hickman, Partner, White & Case LLP, United Kingdom • Professor (Dr.) Christoph Winter, Director, Institute for Law & AI and Assistant Professor of Law & AI, University of Cambridge The panel explored the evolving regulatory landscape of AI, the implications for privacy and fundamental rights, the ethical challenges for lawyers and policymakers, and the role of India in shaping a human-centred global AI framework.

      The Centre’s mission includes conducting interdisciplinary research, offering executive and professional education programmes, and engaging with international bodies like the OECD, UN, and EU to contribute to globally harmonized regulatory approaches. As India emerges as one of the world’s leading digital economies—with a tech-savvy youth population and increasing global influence—the Centre will play a pivotal role in building institutional capacity for AI law and governance.

      The event also reflected on recent reforms such as India’s historic decision to allow foreign law firms into the domestic legal sector and the anticipated Indo-UK Free Trade Agreement, which will open up new opportunities across law, regulation, and technology.

      (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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