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    CBN dismantles inter-state counterfeit drug network in Bihar under Operation Vajra; mastermind arrested
    DRI seizes quantities of gold; drugs, e-cigarettes and other contraband in pan-India Ops; 20 persons, including 5 foreign nationals, arrested
    Union Government releases tax devolution of ₹1,09,019 crore to State Governments, as one advance instalment to accelerate their capital and deve...
    Raymond Lifestyle Limited Delivered a stable Q1 FY27 Performance
    Rupee rises 31 paise to 95.12 against US dollar in early trade
    Customs seizes 8 kg gold worth over Rs 11 cr at Kerala airports in one week
    Drill, Baby, Drill: India to fund Rs 650 cr per well for 60 deepsea wells to break its oil import habit
    Punjab GST revenue rises 20 pc to Rs 10,447 crore in April-July: Cheema
    India-China trade through Shipli La resumes after six years
    Odisha's export can reach USD 50 billion by FY 2029-30: Study
    Andhra records 21 per cent growth in net GST collections till July
    J&K crime branch chargesheets accused in separate bank, insurance fraud cases
    MCD-facilitated PM Vishwakarma Scheme enrols over 41,000 artisans in Delhi
    Gross GST mop-up grows 15.4 pc to over Rs 2.11 lakh cr in July on higher imports, sales
    Gross and Net GST revenue collections for the month of July, 2026
    India and Rwanda Hold First Joint Trade Committee Meeting to Deepen Bilateral Trade and Investment Cooperation
    West Bengal GST collection rises 2 pc in July to Rs 5,564 crore
    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
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    August 3, 2026
    Show AI Summary
    Counterfeit drug enforcement targets illicit manufacture, storage and trafficking networks, with coordinated seizures and referral of non-narcotic stock.
    Counterfeit-drug enforcement under Operation Vajra addressed an inter-state network involved in the illicit manufacture, storage and distribution of narcotic drugs, psychotropic substances and spurious pharmaceutical products. Searches of unregistered godowns recovered narcotic products, unauthorisedly manufactured Buprenorphine injection ampoules, and counterfeit non-NDPS medicines. A farmhouse-based illicit manufacturing facility was dismantled, with machinery, chemicals and related materials seized under the NDPS Act, 1985.
    August 3, 2026
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    Anti-smuggling enforcement targets concealed gold, narcotics, protected products, prohibited e-cigarettes and restricted imports through coordinated intelligence operations.
    Intelligence-led anti-smuggling operations resulted in seizures of foreign-origin gold, narcotic drugs, hydroponic weed, protected wildlife and forest products, prohibited electronic cigarettes, and restricted poppy seeds and areca nuts. The operations identified concealment through fabricated baggage cavities, false cargo declarations, misdeclaration of origin, forged documentation, and concealment in transport vehicles. Poppy seeds are restricted under the Foreign Trade Policy and may be imported only subject to conditions concerning legally cultivated produce from designated countries and registration of import contracts with the Narcotics Commissioner.
    August 3, 2026
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    Tax devolution advance instalment strengthens State finances for accelerated capital and developmental expenditure through distribution of Union tax proceeds.
    Tax devolution was released to State Governments as an additional advance instalment alongside the normal monthly devolution schedule. The fiscal transfer shares net proceeds of Union taxes and duties with States, with the stated purpose of strengthening State finances and supporting accelerated capital and developmental expenditure. The release includes a State-wise distribution of tax-devolution proceeds.
    August 3, 2026
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    Financial performance reporting highlights revenue and EBITDA growth, garmenting recovery, retail optimisation, ESG commitments, and forward-looking risk disclosures.
    Financial performance reflects growth in total income and EBITDA, with improved margin, reduced net working-capital days, and a net-cash position. Branded textiles and high-value cotton shirting reported lower revenue due to the prior-year base effect, while branded apparel grew but faced lower margin from channel mix. Garmenting improved through order-book execution, tariff rationalisation, and new global clients. ESG priorities include female representation, waste-management initiatives, renewable energy, emissions reduction, and workplace safety. Forward-looking statements remain subject to regulatory, political, economic, and technological risks.
    August 3, 2026
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    Foreign exchange market support strengthens the rupee as lower crude prices, portfolio inflows and reserve growth improve sentiment.
    Foreign exchange market conditions supported an early appreciation of the rupee against the US dollar, attributed to lower global crude oil prices, a weaker dollar, sustained foreign portfolio inflows, higher foreign exchange reserves, and Reserve Bank of India presence in the foreign exchange market. Domestic equity market gains and net foreign institutional equity purchases were also identified as supporting factors.
    August 2, 2026
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    Gold smuggling detection targets sophisticated concealment methods through strengthened passenger profiling, intelligence gathering and coordinated investigations into organised networks.
    Gold smuggling detection at Kerala airports led to multiple seizures, registration of cases and arrests in alleged smuggling attempts. Organised networks reportedly use gold in paste or compound forms concealed in clothing, body cavities, aircraft seats and other unconventional locations. Enforcement measures include strengthened passenger profiling, intelligence gathering and inter-agency coordination, while investigations continue to identify associated syndicates and financiers.
    August 2, 2026
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    Offshore exploration funding supports deepwater drilling, shared infrastructure and seismic data to strengthen domestic hydrocarbon production potential.
    The Samudra Manthan National Offshore Exploration Scheme provides direct budgetary support for high-risk deepwater and ultra-deepwater exploratory drilling, subject to cost-sharing and per-well limits. Support is available to eligible operators holding or securing exploration acreage. The scheme also funds offshore data acquisition and shared subsea, receipt and processing infrastructure through a Common Hub Infrastructure model. It is intended to promote risk exploration, improve commercialisation of offshore discoveries and strengthen domestic hydrocarbon production potential within the existing exploration and licensing framework.
    August 1, 2026
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    GST compliance enforcement combines taxpayer refunds, analytics-based fraud detection, cancellation of fake registrations, and recovery of outstanding VAT arrears.
    Punjab attributed increased GST collections to voluntary compliance, intelligence-based enforcement and technology-driven tax administration, while facilitating compliant taxpayers through timely GST refunds. Data analytics, risk profiling and field verification were used to identify tax evasion, bogus billing, fake input tax credit networks and misuse of the GST registration framework. Measures included penalties, cancellation of fraudulent registrations and recovery of long-pending VAT arrears through attachment and auction of defaulters' properties.
    August 1, 2026
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    Cross-border barter trade resumes through Shipki La, subject to permitted goods, time limits, and import-export compliance requirements.
    Cross-border barter trade through Shipki La between India and Tibet resumed after a six-year interruption. Traders may exchange specified goods under a barter arrangement and must return within 72 hours. Traders are required to comply strictly with import-export regulations prescribed by the Union Ministry of Commerce, emphasising transparency and regulatory compliance. Expansion of permitted goods may be pursued through prescribed governmental and external-affairs channels.
    August 1, 2026
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    Export growth projections outline pathways for Odisha to expand merchandise trade through export diversification, MSME support and financing initiatives.
    Export growth projections for Odisha set out base, optimistic and ambitious scenarios through FY 2029-30, based respectively on historical growth, envisaged national export growth, and a larger share of national exports. Odisha's export basket remains concentrated in metals and minerals, led by aluminium products, with China as the principal export destination. Odisha Vision 2047 identifies exports, including MSME contributions, as an economic transformation driver, while export-financing and risk-mitigation initiatives aim to address financing gaps for exporters and MSMEs.
    August 1, 2026
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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
    Show AI Summary
    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
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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
    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
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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.

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      HIGHLIGHTS

      July 25, 2025

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      New Delhi, Jul 25 (PTI) Following are the top stories at 5 pm: NATION DEL69 JUSTICE VARMA-LD LOK SABHA

      Lok Sabha to take up motion to remove Justice Varma, motion not admitted in Rajya Sabha New Delhi: Lok Sabha will take up a bipartisan motion to remove Justice Yashwant Varma, who is embroiled in a suspected corruption case, as the opposition-sponsored notice for a similar motion in Rajya Sabha was not admitted.



      PAR9 RS-LD ADJOURN RS adjourned for the day amid Opposition uproar over Bihar voter rolls revision issue New Delhi: The Rajya Sabha proceeding was adjourned for the day shortly after it reassembled at noon on Friday as Opposition parties started raising slogans demanding the withdrawal of the Special Intensive Revision (SIR) of voter rolls in Bihar.

      PAR11 LS-LD ADJOURN

      Lok Sabha adjourned for the day due to persistent Opposition protests over SIR New Delhi: Lok Sabha proceedings were adjourned for the day on Friday as Opposition protests continued over the revision of electoral rolls in Bihar, capping the Monsoon session's first week which has been washed out.

      PAR7 RS-OATH

      Kamal Haasan, 3 others take oath as Rajya Sabha MPs New Delhi: Four newly elected Rajya Sabha MPs from Tamil Nadu, including actor-turned-politician Kamal Haasan on Friday took oath as member of the House.

      DEL60 JUSTICE VARMA-LOK SABHA

      Proceedings to remove Justice Varma to begin in Lok Sabha: Rijiju New Delhi: The motion to remove Justice Yashwant Varma, who is embroiled in a suspected graft case, will be taken up in Lok Sabha, Parliamentary Affairs Minister Kiren Rijiju announced on Friday, stating that it was agreed by all parties to move unitedly in action against alleged corruption in judiciary.

      DEL52 CONG-OBC-RAHUL

      My mistake we couldn't get caste census done earlier; correcting that now: Rahul Gandhi New Delhi: Congress leader Rahul Gandhi on Friday acknowledged that it was his "mistake" and not that of the party that they could not get a caste census conducted earlier, saying he is correcting that now.

      DEL51 LSQ-HEALTH-COVID-VACCINATION

      ICMR study found Covid vaccination didn't raise risk of unexplained sudden deaths among young adults: Nadda New Delhi: An ICMR study has found that Covid vaccination did not increase the risk of unexplained sudden deaths among young adults in India, Union Health Minister J P Nadda told Lok Sabha on Friday.

      DEL55 CONG-OBC-LD KHARGE

      Cong has prepared plan to bring OBCs to forefront, asked CMs to launch schemes: Kharge New Delhi: Congress chief Mallikarjun Kharge on Friday said the party has prepared a plan to bring people from the Other Backward Classes (OBCs) to the forefront and asked all Congress chief ministers to launch new welfare schemes for this section of society.

      DEL28 PAR-LS-DISRUPTIONS

      Lok Sabha to run smoothly from Monday as Birla meets party leaders New Delhi: Lok Sabha Speaker Om Birla on Friday convened a meeting of senior leaders of political parties, where it was decided that the House will function smoothly from Monday onwards, parliamentary sources said.

      DEL57 MIB-LD OTT

      ALTT, ULLU among 25 OTT apps banned for obscene, vulgar content New Delhi: The government has ordered the blocking of websites and apps of 25 OTT platforms, including Ullu, ALTT, and Desiflix, for having obscene, vulgar and in some cases, pornographic content.

      DEL29 MANIPUR-PREZ RULE

      Centre set to extend President's rule in Manipur for another 6 months, resolution to come up in RS New Delhi: The Centre is set to extend President's rule in Manipur for another six months from August 13 and a notice for bringing a statutory resolution on it has been given to the Rajya Sabha, which has been admitted by the chair.

      CAL17 BH-TEJASHWI-LD RABRI DEVI

      JD(U)-BJP 'conspiring' to get Tejashwi 'murdered': Rabri Devi Patna: Former Bihar Chief Minister Rabri Devi on Friday alleged that the ruling JD(U)-BJP combine had hatched a "conspiracy" to "murder" her son Tejashwi Yadav ahead of assembly polls.

      DEL37 RJ-5TH LD SCHOOL COLLAPSE

      Seven children killed, 28 injured in Rajasthan school collapse Jhalawar: A portion of a government school in Rajasthan's Jhalawar district collapsed on Friday just as the students were assembling for morning prayers, killing seven children and leaving 28 injured, some of them critically.

      DEL25 MODI-INDIRA-TENURE

      Modi overtakes Indira Gandhi to become PM with second longest unbroken stint New Delhi: Narendra Modi on Friday overtook Indira Gandhi to become the second longest serving prime minister of India in consecutive terms.

      DEL65 DEF-LD MISSILE

      DRDO test-fires drone-launched missile New Delhi: A drone-launched precision guided missile has been successfully test-fired by the Defence Research and Development Organisation (DRDO) at a test range in Andhra Pradesh.

      DEL59 MOE-IGNOU-VC

      Uma Kanjilal appointed first woman VC of IGNOU, 4 decades after university was set up New Delhi: Uma Kanjilal has been appointed the first woman Vice Chancellor of the Indira Gandhi National Open University (IGNOU), four decades after the university was established, according to education ministry officials.

      DEL50 JK-GAMING APPS-TERROR

      Chat facility in gaming apps now communication tool for terror groups: officials Srinagar: Online war games akin to PUBG requiring chats with partners anonymous or otherwise have emerged as a key communication channel for terror groups and Pakistan’s ISI to convey messages to their recruits in Jammu and Kashmir, officials here said. By Sumir Kaul

      BUSINESS DEL40 BIZ-LD INDOUK-FTA-RBI-GUV

      UK FTA will help India; need more such pacts with other countries: RBI Guv Sanjay Malhotra Mumbai: Reserve Bank Governor Sanjay Malhotra on Friday welcomed the signing of the free trade agreement with the UK, saying it will help multiple sectors of the Indian economy.

      LEGAL LGD18 DL-COURT-RANA

      26/11 Mumbai attack: Court seeks Tihar jail response on Rana's plea for phone call with kin New Delhi: A Delhi court on Friday sought the reply of Tihar jail authority on the plea of 26/11 Mumbai attack accused Tahawwur Hussain Rana seeking a phone call to family members.

      LGD12 SC-FILM-UDAIPUR FILES

      Udaipur Files: SC asks Delhi HC to hear pleas against Centre decision for release of film New Delhi: The Supreme Court on Friday directed the Delhi High Court to hear on July 28 the pleas challenging the Centre's nod to release "Udaipur Files - Kanhaiya Lal Tailor Murder".

      LGD15 SC-HOMELESS PEOPLE

      Rehabilitation of homeless with psychosocial disabilities sensitive issue: SC New Delhi: The Supreme Court on Friday said the rehabilitation of homeless persons suffering from psychosocial disabilities was a sensitive issue and directed the Centre to take it up "very seriously".

      LGD14 DL-HC-SEXUAL ASSAULT

      Mere friendship with girl doesn’t give man right to have sex without consent: Delhi HC New Delhi: The Delhi High Court has said mere friendship with a girl doesn't give a man right to have sex with her without consent and dismissed a man's bail plea accused of sexually assaulting a minor.

      LGD13 CH-HC-SOLDIER

      Soldier deployed in military operation, shot at by fellow soldier can't be denied benefits: HC Chandigarh: The Punjab and Haryana High Court has said a soldier deployed in a military operation being shot at by a fellow soldier cannot be denied benefits applicable to the ones killed in action.

      FOREIGN FGN17 THAI-INDIA-ADVISORY

      Indian mission in Thailand issues travel advisory amidst ongoing unrest Bangkok: The Indian embassy in Thailand on Friday issued an advisory for its nationals in the country, urging them to avoid travelling to seven provinces amid ongoing unrest along the Thailand-Cambodia border.

      FGN15 PM-MALDIVES-ARRIVAL

      PM Modi arrives in Maldives for two-day visit Male: Prime Minister Narendra Modi arrived in the Maldives on Friday on a two-day visit, during which he will attend the archipelago nation's 60th Independence Day celebrations as the chief guest.

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