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    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
    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
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    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
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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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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.

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      VISION & IMAGE SHANGHAI 2025 Open in July.

      July 2, 2025

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      Driving New Momentum in Imaging Industry through Integration and Collaboration SHANGHAI, July 2, 2025 /PRNewswire/ -- The VISION & IMAGE SHANGHAI 2025 will be held at the Shanghai New International Expo Center from July 17 to 19 (Thursday to Saturday), 2025.

      With the theme of "Imaging Innovation • Integrated Collaboration", the exhibition attracts approximately 350 exhibitors and brands from 11 countries and regions including Mainland China, the United States, Russia, Japan, Germany, Spain, Italy, Vietnam, Malaysia, Ukraine, South Korea, and the Hong Kong Special Administrative Region, establishing itself as a professional exhibition with extensive influence in the imaging industry. Among them, the "PHOTO & IMAGING SHANGHAI 2025", co-hosted by the Council for the Promotion of International Trade Shanghai, Shanghai Photographers Association, and Shanghai International Exhibition Management Co.,Ltd, has been awarded the title of Shanghai Excellent Exhibition for two consecutive years, becoming an annual must-visit event for photographers! Full-chain Presentation from Imaging Capture to Post-production, with Brands Gathering to Meet Diverse Commercial Shooting Scenarios Relying on the era opportunity of "technological innovation and ecological renewal", the VISION & IMAGE SHANGHAI 2025 brings together its subsidiary exhibitions, including the "PHOTO & IMAGING SHANGHAI 2025", "Video Equipment & Technology Show 2025", "Shanghai International Photo Printing & Art Framing Expo 2025", and "Maternity & Children's Portrait Photography Fair 2025". It also collaborates with the "China Wedding Expo 2025" and the "2025 SHANGHAI BRIDAL FASHION SHOWROOM" to achieve multi-exhibition linkage and resource integration.

      The exhibition comprehensively displays new trends, products, and technologies covering "cameras, lenses & filters, photography accessories, film lighting, audio-video equipment, AI technology, digital software, online delivery, imaging output, imaging materials, post-production, framing & mounting, theme sample photos, photo albums & frames, background props, consulting & training, marketing services", etc. It caters to needs from the new tracks of "short videos + live streaming" and "short dramas + short films", and from wedding photography and children's photography to cultural tourism photography, destination weddings, dual-image wedding photography, and graduation season campus photography markets, promoting new forms of cross-border integration between "imaging+" and multiple fields such as commerce, culture, and tourism! The exhibition occupies Halls E1-E5, gathering domestic and international brand exhibitors, including Fujifilm, Canon, Nikon, Godox, Lishuai, Pgytech, Zhiyun, Meking, Yongnuo, Lexar, Meike, Moma, Neewer, Shimoda, TENBA, SYNCO, Boya, Saramonic, VSGO, NiceFoto, Exascend, Hikvision Storage, Kase, Epson, Fantac, Lucky, Pixel Cake, Baidu Netdisk, MeituYunxiu, DNP, Uni-colour, STARNETeVidec, Tuling, Wang Jun, Yonghe, Xinchangcheng, Alice, Huiyi, Shanwen, Dawang Jiahe, Yingke, Wang Bin, Baojing, Xuxin, 13th District Master Portrait, Su Zhen Sample Photos, Piya Imaging, KD Photography Props, Honggu Xiaoai, Yingzhihui & Yingsuyun, Shengyuhongyang, Sunan Film & TV•KABABA, Weishiguang, etc., reshaping industrial advantages! Sustained Expansion of Photography Industry Market Scale, Demonstrating Vigorous Development Momentum According to relevant data statistics, in 2024, the global digital camera shipment volume reached 8.49 million units, an increase of 10%, among which the shipment volume of mirrorless cameras (also known as micro single cameras), which have dominated the market, was 5.61 million units, an increase of 16.1%. The camera shipment volume in the Chinese market reached 1.9481 million units, with sales reaching 229.923 billion yen (11.384 billion RMB), among which the sales volume of mirrorless cameras reached 1.6364 million units, a year-on-year increase of 36.4%, making China the world's largest mirrorless camera market.

      On social media, the wave of mirrorless and retro cameras has surged. Camera manufacturers such as Fujifilm, Canon, and Nikon have launched "flashback " campaigns, introducing new products that perfectly integrate analog film dials, lightweight bodies, and classic appearance designs, allowing users to start stylish street photography at any time with the camera in their pockets.

      The rigid demand for professional imaging in short video and Vlog content creation has contributed to the camera purchase boom. Therefore, imaging devices that combine movie-level professional high image quality with flexibility, compactness, and diverse video creative expression features have ushered in development opportunities. Whether for film short dramas, live streaming, Vlogs, or 3D VR videos, professional equipment can help create high-quality social network imaging content, enabling video creators to achieve creative freedom.

      In addition, the "silver economy" is also an important driver of camera consumption. Outdoor travel photography and learning photography not only enrich the retirement life of the elderly but also help them maintain active thinking. Overall, cameras have gradually become the "social currency" for young people and the "hobby" for middle-aged and elderly people to enrich their lives, with more and more people picking up cameras to express themselves and enrich their lives.

      Comprehensive Integration of AI into Commercial Imaging: Focusing on the Present and Embracing Changes AI has been fully integrated into the imaging chain. New products from Fujifilm, Canon, and Nikon respectively feature intelligent composition, enhanced scene and subject recognition, in-camera AI retouching, and even AI video functions. Computational photography's "AI super-resolution" and "deblurring" have become practical functions to improve image quality.

      Driven by the demand for personalized "filter ecology", imaging consumers have an increasingly strong demand for color styles. A series of rich cloud LUT libraries and AI-optimized calibrations meet the creative needs of different scenes and emotions, from ins style to the cyberpunk style, generating atmospheric masterpieces with one click.

      In recent years, innovative applications of AI enterprises such as Pixel Cake, MeituYunxiu, Baidu Netdisk, and Tuling in the commercial photography field have significantly improved retouching quality and efficiency, thereby saving labor costs and shortening the time cycle from shooting to delivery.

      Industry Leaders Gathering to Focus on the "New Force" of Campus Imaging in the Yangtze River Delta The VISION & IMAGE SHANGHAI 2025 gives full play to its resource advantages, focuses on the current imaging industry's "hot search keywords", and aims to promote imaging culture, connect market supply and demand, and boost commercial and consumer markets. In addition to displaying a rich and diverse product ecosystem, the exhibition will collaborate with partners to hold a series of activities for discussing industry trends, sharing creative experiences and insights.

      Preview of some concurrent conferences and activities: • Imaging Week•Shanghai: Yangtze River Delta University Youth Photography Joint Exhibition • Imaging Week•Shanghai: Youth Photography Live PK Competition during • "Poetic Rhythm of Mountains and Rivers under the Cloud" Aerial Imaging Works Collection Activity • "Future Vision, Created by Me" V-TECH Video Industry Conference and Campus Video Creation Collection Activity • Cute childlike innocence・Graduation Season and Maternity, Infant & Children Portrait Photography Private Sharing Workshop • Click Time・Studio Scene Blind Box Experience Station • P&I Imaging Industry Lecture • Commercial Breakthrough・Full-chain Forum for Wedding Photography Industry The VISION & IMAGE SHANGHAI 2025 is fully prepared. We look forward to gathering with colleagues at home and abroad in Shanghai to participate in this imaging grand event! Currently, the reservation channel is open.

      Click the link to register immediately: http://yshz.cn/LdqqYP.

      We sincerely invite imaging industry purchasers and enthusiasts to gather at the Shanghai New International Expo Center.

      Exhibition Information VISION & IMAGE SHANGHAI 2025 Time: July 17-19, 2025 (Thursday-Saturday) Venue: Shanghai New International Expo Center (Halls E1-E5) Address: No. 2345 Longyang Road, Pudong New Area (Entrance Hall 1) Transportation: Huamu Road Station, Metro Line 7 Press Contact Shanghai International Exhibition Management Co., Ltd.

      Tel: (86) 21 6279 2828 (Disclaimer: The above press release comes to you under an arrangement with PRNewswire and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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