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    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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    India and Rwanda Hold First Joint Trade Committee Meeting to Deepen Bilateral Trade and Investment Cooperation
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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
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    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
    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.
    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
    Show AI Summary
    Greenfield airport development under a public-private partnership advances licensed international passenger, cargo, logistics, and sustainable infrastructure.
    A greenfield international airport is being developed under a Public-Private Partnership and Design, Build, Finance, Operate and Transfer framework, with airport, aviation-hub, education and supporting infrastructure components. The airport has obtained an aerodrome licence and required safety, fire and environmental clearances. Passenger, airfield and terminal systems are designed for domestic and international operations. A cargo terminal with cold-chain facilities and integration with port, industrial-corridor and logistics networks are intended to strengthen exports and air-cargo logistics. Recycled-water use and LEED Platinum development standards form part of its environmental measures.
    July 31, 2026
    Show AI Summary
    Regulatory and legal developments cover trade measures, legislative action, offshore exploration support, court directions and platform algorithm scrutiny.
    The compilation reports proposed United States tariff measures concerning purchasers of Russian oil and gas, India-United Kingdom trade engagement, extension of farmer-support measures, and approval of offshore exploration support. It also covers passage of the Registration of Births and Deaths (Amendment) Bill, 2026, a privilege-motion notice, a criminal sentencing, and directions to appoint a nodal officer for families affected by the Russia-Ukraine war. Regulatory items include industrial credit data and examination of social-media algorithms, bias and public-order implications.
    July 31, 2026
    Show AI Summary
    Russian oil purchases may trigger proposed targeted tariffs, with periodic reassessment based on countries' purchasing behaviour.
    Proposed United States measures would authorise sanctions against Russia and persons supporting its war in Ukraine, while permitting targeted tariffs on imports from countries purchasing substantial volumes of Russian oil or gas or facilitating sanctions evasion. The framework identifies major purchasers and shadow-fleet facilitators for possible additional tariffs and provides for periodic reassessment and tariff adjustments based on purchasing behaviour. India stated that its energy-security policy rests on national priorities and diversified energy sources.
    July 31, 2026
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    Money-laundering proceedings face challenge over absent predicate offence, alleged lack of criminal intent, and treatment of related FIRs.
    Money-laundering proceedings linked to alleged diversion of homebuyer funds are challenged on the ground that no scheduled offence or criminal intent is attributable to the petitioner. The petitioner relies on his asserted exoneration in two predicate FIRs, where charge sheets did not name him, and settlement of the remaining FIR. Notice was issued for a response and status report, and the petitioner undertook to cooperate with the investigation.
    July 31, 2026
    Show AI Summary
    Rupee appreciation reflected foreign capital inflows and central bank support, tempered by crude prices and geopolitical tensions.
    Rupee appreciation against the US dollar was linked to sustained foreign capital inflows and Reserve Bank support through dollar selling. Higher crude oil prices, a stronger US dollar and geopolitical tensions in West Asia constrained further gains. A slightly positive near-term rupee bias was associated with softer dollar conditions, dovish US monetary expectations, favourable global markets and improved foreign inflows, while geopolitical risks remained relevant. Domestic equity indices rose, foreign-exchange reserves increased, and fiscal-deficit data showed the central government's position against its full-year target.
    July 31, 2026
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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.
    July 31, 2026
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    Excise duty increases on cigarettes pressured profitability, while calibrated pricing and FMCG growth supported market resilience.
    Excise duty increases on cigarettes affected consolidated profitability, prompting calibrated pricing and portfolio measures to protect market share and limit migration to illicit trade. The cigarette portfolio was re-architected across price points through value-accretive offerings and staggered pricing actions. Non-cigarette FMCG growth was supported by demand for packaged foods, dairy and personal-care products. Input-cost inflation was mitigated through inventory cover, commodity hedging and price-volume rebalancing amid crude-price volatility, supply-chain disruption and imported inflation concerns.
    July 31, 2026
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    One-Time Settlement Scheme offers final pre-GST tax dispute resolution relief before stricter recovery action against defaulters begins.
    The One-Time Settlement Scheme 2025 for pre-GST tax dues has been extended until September 30. Eligible taxpayers may resolve pending legacy tax disputes with full waiver of interest and penalties and slab-wise relief in principal tax. After the deadline, recovery action may be intensified under applicable tax laws and the Punjab Land Revenue Act, including property attachment, auction and freezing of bank accounts. The department also supports amicable settlement of tax disputes through the SAMADHAN initiative.

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      Five Governors Grace Convocation 2025 in a Singular Honour for O.P. Jindal Global University

      August 1, 2025

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      Sonipat, 1 August 2025: In an unprecedented honour for O.P. Jindal Global University (JGU), five Governors of the States of India participated in the 14th Annual Convocation 2025 held during 29-30 July 2025. The presence of these outstanding personalities, each of them a constitutional authority and representative of a different state or Union Territory, elevated the occasion as JGU celebrated the spirit of federalism which is embedded in the Constitution of India and which sustains our democracy.

      The 14th Convocation Ceremony of JGU witnessed the graduation of over 4,400 students across all 12 Schools and Institutes of our university. This took place in the presence of several distinguished leaders who graced the ceremony.

      They were: Hon’ble Governors: • Shri Vinai Kumar Saxena, Hon’ble Lieutenant Governor of Delhi • Dr. Hari Babu Kambhampati, Hon’ble Governor of Odisha • Shri Arif Mohammed Khan, Hon’ble Governor of Bihar • Shri Justice (Retd.) S. Abdul Nazeer, Hon’ble Governor of Andhra Pradesh • Shri Shiv Pratap Shukla, Hon’ble Governor of Himachal Pradesh Leaders & Luminaries: • Hon’ble Ms. Justice Gita Mittal, Chairperson, Broadcasting Content Complaints Council (BCCC) & Former Chief Justice, High Court of Jammu & Kashmir • Mrs. Ravneet Kaur, Chairperson, Competition Commission of India • Mr. R. Venkataramani, Attorney General for India • Dr. Wilima Wadhwa, Director, ASER Centre, Pratham Education Foundation • H.E. Ms. Ina Krisnamurthi, Ambassador Extraordinary and Plenipotentiary of Indonesia to the Republic of India • H.E. Mr. Rasmus Abildgaard Kristensen, Ambassador of Denmark to the Republic of India & Non-Resident Ambassador (Designate) to Nepal, Sri Lanka, Bhutan, and the Maldives The Chancellor of O.P. Jindal Global University, Mr. Naveen Jindal, whose philanthropy led to the establishment of JGU in 2009 said, “To have five Governors preside over our Convocation is a moment of national recognition for JGU’s journey, values, and aspirations. I extend my sincere gratitude to the Chief Guests and the Guests of Honour for being a part of this important occasion. Your presence and participation at our Convocation is a testimony to your commitment to the cause of higher education.” Chancellor Mr. Jindal reminded the graduating students that they were in an era with unprecedented access to technology, AI and global changes with the world being reshaped and evolving constantly. “Your journey and your ambitions should be extraordinary,” In his address, he added, “Degrees and qualifications open doors, but it is your integrity, compassion and cooperation that will determine how far you go in life. Education is not just a tool for personal growth, it is the foundation on which a nation’s prosperity can be built. We live in a world of increased visibility but the quietest acts of leadership have the most impact.” Professor (Dr.) C. Raj Kumar, the Founding Vice Chancellor of JGU said in his address at the Convocation, “At JGU, we are conscious that our institution-building activities contribute to addressing broader national challenges. In this endeavour, the principles of academic freedom and pursuit of institutional excellence have underpinned our efforts. Our institutional strategy and policies have evolved to enable JGU students and scholars to undertake research that is interdisciplinary, wide-ranging in scope, impactful, and covering issues of national and global concern. JGU has grown into an institution with over 16,000 students across 12 Schools, that brings faculty from 51 countries of the world, students from over 75 countries, and has collaborated with over 550+ leading institutions from 80+ countries to bring international experiences to the Indian higher education system. JGU's pedagogical approach as well as research and capacity building institutes lay focus on promoting interdisciplinarity through cross-listed elective courses, interdisciplinary educational background and experience, and curricula that encourage collaborative thinking and learning.” The Governors who attended the two-day long Convocation ceremonies were clear and unambiguous in their vision of higher education, its impact and the responsibilities of young and upcoming leaders graduating from JGU. Shri Vinai Kumar Saxena, Hon’ble Lieutenant Governor of Delhi stressed how the Delhi-NCR region has emerged as the intellectual capital of India with world renowned universities and higher educational institutes, including JGU, in the area.

      Dr. Hari Babu Kambhampati, Hon’ble Governor of Odisha said, “India today stands at a defining moment. We are making rapid strides in science, technology, infrastructure, health, and education. Yet, our strength lies not only in material progress but also in our moral foundation of truth, compassion and tolerance. O.P. Jindal Global University has lived up to these values. It has nurtured professionals who are equipped not just with knowledge and ambition, but also with wisdom and empathy.” Shri Arif Mohammed Khan, Hon’ble Governor of Bihar emphasised the deep-rooted values of Indian culture, particularly respect for parents and teachers, the ideal of public service, and the inherent divinity of every human being. He said, “Public service is an act of worship. It promotes inner growth and that is sufficient recompense of the selfless worker. We need to understand why Indian tradition values public service and why our culture has stressed on it.” Shri Justice (Retd.) S. Abdul Nazeer, Hon’ble Governor of Andhra Pradesh said, “Education is not merely a pathway to employment; it is a foundation for nation-building. The Convocation is not the end of your academic journey, but the beginning of a new chapter one in which you are called to demonstrate your abilities and contribute meaningfully to society. The education imparted here is deeply grounded in Indian values, driven by a pursuit of academic excellence and a steadfast commitment to innovation.” Shri Shiv Pratap Shukla, Hon’ble Governor of Himachal Pradesh said that the Convocation marks the end of formal education but the beginning of a student’s professional journey. “Today, I also congratulate the families of the graduating students for their effort and hard work. This is a celebration of the power of education which has the capacity to transform lives,” he said.

      The Guests of Honour which included diplomats, senior legal personalities and public servants were all praise for the achievements of O.P. Jindal Global University and the rankings it has achieved in the short duration since it was set up.

      Hon’ble Ms. Justice Gita Mittal, Chairperson, Broadcasting Content Complaints Council (BCCC) & Former Chief Justice, High Court of Jammu & Kashmir said that global collaborations of JGU are truly impressive. “To broaden the understanding of its students, JGU has significantly advanced its pedagogy. It allows students to engage with leading academics and gain valuable insights. JGU has become a forerunner in a system of education which is rooted locally and globally engaged.” Mr. R. Venkataramani, Attorney General for India said, “A university, even in its modern form, is a gurukul which sows the seeds of values and noble thoughts that guide us in countless ways.” Mrs. Ravneet Kaur, Chairperson, Competition Commission of India added, “As scholars, entrepreneurs, lawyers, policy thinkers, journalists, and public leaders, each one of you carries the values of this university. Our country aspires to become Viksit Bharat by the year 2047 where each of you will play a vital role in shaping the transformation of the Indian economy.” Dr. Wilima Wadhwa, Director, ASER Centre, Pratham Education Foundation, addressing the new graduates, said, “Three qualities will serve you well. Take responsibility for the world you inherit. Be adaptable, to innovate and grow. And give back, not just because you should, but because you can." H.E. Ms. Ina Krisnamurthi, Ambassador Extraordinary and Plenipotentiary of Indonesia to India said, “O.P. Jindal Global University has become a beacon. The achievements in global rankings, interdisciplinary education, and societal impact speak volumes of its vision. To the Class of 2025, who have persevered through academic rigor and even a global pandemic, I say: you now carry not only degrees, but the confidence and responsibility to shape the world.” H.E. Mr. Rasmus Abildgaard Kristensen, Ambassador of Denmark to the Republic of India & Non-Resident Ambassador (Designate) to Nepal, Sri Lanka, Bhutan, and the Maldives said, “I want to highlight the strong ties between Denmark and India built on shared values of democracy, sustainability, and innovation. We’ve worked closely on green technology and clean energy to address global challenges. together. Many talented Indians now study and work in Denmark, enriching our society as we hope JGU’s new agreement with the University of Copenhagen will create more opportunities for exchange.” Professor Dabiru Sridhar Patnaik, Registrar of the O.P. Jindal Global University proposed a vote of thanks. Professor (Dr.) Upasana Mahanta, Dean, Admissions and Outreach and Professor Karan Latayan, Controller of Examinations introduced the Chief Guest and the Guest of Honour to those present at the Convocation.

      (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

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