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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
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    Closely monitoring: India on US bill seeking up to 100 % tariffs on purchasers of Russian oil
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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
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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
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Digital public procurement engagement begins with stakeholder events promoting transparent, efficient and inclusive marketplace governance.
Government e-Marketplace launched ten-day celebrations preceding its tenth Foundation Day, including a commemorative logo, stakeholder events and recognition of employees, buyers and sellers. The programme begins a year-long nationwide outreach initiative bringing together buyers, sellers, policymakers, industry representatives and ecosystem partners through events, dialogues and collaborative platforms. Its stated focus is technology-enabled, transparent, efficient and inclusive public procurement.
July 31, 2026
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Strategic trade controls require dual-use exports to comply with national law and international obligations amid arms-transfer allegations.
Strategic trade controls governing dual-use exports require Indian exports of dual-use items and technologies to comply with national law and India's international obligations. The stated framework applies to exports to various countries. In response to allegations concerning supplies to Israel, the position notes calls for an arms embargo covering direct or indirect transfers of arms and military material, including weapons, ammunition, parts and components, without determining the underlying allegations.
July 31, 2026
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Greenfield airport development under a public-private partnership advances licensed international passenger, cargo, logistics, and sustainable infrastructure.
A greenfield international airport is being developed under a Public-Private Partnership and Design, Build, Finance, Operate and Transfer framework, with airport, aviation-hub, education and supporting infrastructure components. The airport has obtained an aerodrome licence and required safety, fire and environmental clearances. Passenger, airfield and terminal systems are designed for domestic and international operations. A cargo terminal with cold-chain facilities and integration with port, industrial-corridor and logistics networks are intended to strengthen exports and air-cargo logistics. Recycled-water use and LEED Platinum development standards form part of its environmental measures.
July 31, 2026
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Regulatory and legal developments cover trade measures, legislative action, offshore exploration support, court directions and platform algorithm scrutiny.
The compilation reports proposed United States tariff measures concerning purchasers of Russian oil and gas, India-United Kingdom trade engagement, extension of farmer-support measures, and approval of offshore exploration support. It also covers passage of the Registration of Births and Deaths (Amendment) Bill, 2026, a privilege-motion notice, a criminal sentencing, and directions to appoint a nodal officer for families affected by the Russia-Ukraine war. Regulatory items include industrial credit data and examination of social-media algorithms, bias and public-order implications.
July 31, 2026
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Russian oil purchases may trigger proposed targeted tariffs, with periodic reassessment based on countries' purchasing behaviour.
Proposed United States measures would authorise sanctions against Russia and persons supporting its war in Ukraine, while permitting targeted tariffs on imports from countries purchasing substantial volumes of Russian oil or gas or facilitating sanctions evasion. The framework identifies major purchasers and shadow-fleet facilitators for possible additional tariffs and provides for periodic reassessment and tariff adjustments based on purchasing behaviour. India stated that its energy-security policy rests on national priorities and diversified energy sources.
July 31, 2026
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Money-laundering proceedings face challenge over absent predicate offence, alleged lack of criminal intent, and treatment of related FIRs.
Money-laundering proceedings linked to alleged diversion of homebuyer funds are challenged on the ground that no scheduled offence or criminal intent is attributable to the petitioner. The petitioner relies on his asserted exoneration in two predicate FIRs, where charge sheets did not name him, and settlement of the remaining FIR. Notice was issued for a response and status report, and the petitioner undertook to cooperate with the investigation.
July 31, 2026
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Rupee appreciation reflected foreign capital inflows and central bank support, tempered by crude prices and geopolitical tensions.
Rupee appreciation against the US dollar was linked to sustained foreign capital inflows and Reserve Bank support through dollar selling. Higher crude oil prices, a stronger US dollar and geopolitical tensions in West Asia constrained further gains. A slightly positive near-term rupee bias was associated with softer dollar conditions, dovish US monetary expectations, favourable global markets and improved foreign inflows, while geopolitical risks remained relevant. Domestic equity indices rose, foreign-exchange reserves increased, and fiscal-deficit data showed the central government's position against its full-year target.
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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PMLA / Black Money

HIGHLIGHTS

July 14, 2025

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New Delhi, Jul 14 (PTI) Following are the top stories at 9.24 pm: NATION DEL55 AVI-2NDLD AIRINDIA-CRASH-CEO

Air India CEO says crash probe raises more questions, premature to jump to any conclusion New Delhi: The preliminary report into the crash of Air India flight AI171 last month has raised more questions, the airline's CEO said as he defended the fitness of pilots and aircraft saying no mechanical or maintenance issues have been flagged in the report.

DEL99 ED-2NDLD VADRA

ED questions Robert Vadra for 5 hours in Sanjay Bhandari-linked PMLA case New Delhi: Robert Vadra, the businessman husband of Congress MP Priyanka Gandhi Vadra, was on Monday questioned for about five hours by the Enforcement Directorate (ED) in a money laundering case linked to UK-based arms consultant Sanjay Bhandari and some others, official sources said.

DEL67 SPACE-LD AXIOM

Shubhanshu Shukla sets off on return journey to earth as Dragon undocks from ISS New Delhi: Astronaut Shubhanshu Shukla and three others of the commercial Axiom-4 mission on Monday embarked on a journey back to Earth as their Dragon Grace spacecraft undocked from the International Space Station - their home for the last 18 days.

CAL14 OD-STUDENT-LD HEALTH

FM College student condition critical, but stable; father appeals to all to pray for her recovery Bhubaneswar: The condition of the 20-year-old college student who set herself on fire for allegedly being denied justice over "sexual harassment" by a teacher, remained critical for the third consecutive day on Monday, hospital sources here said.

DEL41 JK-2ND LD MARTYRS-OMAR

Omar Abdullah scales graveyard gates to offer tributes to martyrs Srinagar: A defiant Jammu and Kashmir Chief Minister Omar Abdullah on Monday scaled the gates of the Naqshband Sahib graveyard to pay tribute to 22 people killed by the Dogra army in 1931 and alleged that efforts were made to “manhandle” him and his colleagues.

DEL93 PB-SESSION-LD SACRILEGE

Anti-sacrilege bill introduced in Punjab Assembly, proposes punishment up to life imprisonment, Rs 10 lakh fine Chandigarh: The AAP government on Monday introduced in the Punjab Assembly an anti-sacrilege bill, proposing punishment up to life imprisonment for sacrilegious acts against religious scriptures.

DEL78 LD-KANWAR (R)

UP CM reviews preparations, Delhi CM warns against disturbing Kanwar Yatra as people throng temples New Delhi: The Kanwar Yatra got into high gear on the first Monday of the Hindu month of Shravan with Uttar Pradesh Chief Minister Yogi Adityanath reviewing preparations and his Delhi counterpart Rekha Gupta saying her government would ensure “secure” passage for the Shiv devotees. Reports also came in of an eatery allegedly being vandalised in Muzaffarnagar by a group of kanwariyas.

DEL101 AVI-AIRINDIA-CRASH-REPORT-IPG

AI171 crew deserves fact-driven investigation, not conjecture, says AI pilots body Mumbai: Indian Pilots Guild, an association of Air India pilots, on Monday slammed the preliminary report on Boeing 787-8 plane crash on June 12, saying that the crew of AI171 deserves a thorough, "fact-driven investigation" and not conjecture or sensationalism.

BOM26 MH-PLANE CRASH-REPORT-CHATURVEDI (R)

Shiv Sena (UBT) MP Chaturvedi questions handling of AAIB report Mumbai: Shiv Sena (UBT) MP Priyanka Chaturvedi on Monday wrote to Civil Aviation Minister K Rammohan Naidu, questioning how “sensitive findings” on the Air India plane crash in Ahmedabad were “leaked” to international media before an official disclosure in India.

MDS20 KA-GADKARI-BRIDGE-2ND LD INAUGURATION

Union Minister Nitin Gadkari inaugurates Sigandur bridge, CM Siddaramaiah boycotts event Shivamogga/Bengaluru: Union Minister for Road Transport and Highways Nitin Gadkari on Monday inaugurated India's second-longest cable-stayed Sigandur bridge in Shivamogga. The event was boycotted by Karnataka Chief Minister Siddaramaiah and his cabinet colleagues, who claimed that they were not consulted.

BUSINESS DEL91 AVI-DGCA-LD BOEING PLANES

DGCA asks airlines to check fuel switch locking system in Boeing 787, 737 planes Mumbai: Aviation watchdog DGCA on Monday directed airlines to inspect the fuel switch locking system in their Boeing 787 and 737 planes, two days after AAIB's preliminary report said fuel switches were cut off before the Air India plane crash that killed 260 people last month.

LEGAL LGD28 SC-FREEDOM-LD SPEECH

'Citizens must know value of freedom of speech, expression': SC mulls framing guidelines New Delhi: The Supreme Court on Monday said citizens must know the value of the right of freedom of speech and expression, and exercise self restraint as it mulled guidelines to regulate offensive social media posts.

LGD39 SC-RECORDED CONVERSATIONS-LD SPOUSES

Secret recording of conversations of spouses can be used in matrimonial cases: SC New Delhi: The Supreme Court on Monday held "secretly" recorded conversations of spouses to be evidence in matrimonial disputes, including divorce proceedings.

LGD14 SC-LD KERALA NURSE-YEMEN

Indian nurse on death row in Yemen: Nothing much government can do, Centre tells SC New Delhi: The Centre on Monday informed the Supreme Court that the government could do "nothing much" in the case of an Indian nurse facing execution on July 16 for murder in Yemen.

LGD31 DL-LD COURT-HERALD

National Herald case: Court to pronounce order on ED chargesheet cognisance on Jul 29 New Delhi: A Delhi court on Monday reserved its order on taking cognisance of the chargesheet filed by the Enforcement Directorate in the National Herald case.

LGD15 SC-LD SIMI-BAN

SC junks plea against extension of ban on SIMI New Delhi: The Supreme Court on Monday dismissed a plea challenging an order confirming the five-year extension of the ban imposed on the Students Islamic Movement of India (SIMI).

FOREIGN FGN68 SINOINDIA-JAISHANKAR-4THLD-WANG Need to address de-escalation; competition should not turn into conflict: EAM Jaishankar in Beijing Beijing/New Delhi: India and China should build on "good progress" in normalising the bilateral ties to address border-related issues including de-escalation, and it is essential to avoid "restrictive trade measures and roadblocks", External Affairs Minister S Jaishankar said on Monday during talks with his Chinese counterpart Wang Yi.

FGN60 UK-AIRINDIA-CRASH

UK families ‘troubled’ by ‘very serious questions’ raised by Air India plane crash report London: The families of the British victims of the London-bound Air India plane crash are “troubled and concerned” following the release of a preliminary report and will be seeking answers to the “very serious questions” raised, the UK law firm advising over 20 of the families said on Monday.

FGN25 RUSSIA-INDIAN-WORKFORCE

Russia to import 1 million skilled workforce from India Moscow: Russia will import up to 1 million workforce by the end of this year to address labour shortage in the country's highly industrialised areas, a business leader said.

PTI OZ OZ

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