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    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
    All Indian exports of dual-use items comply with international obligations: MEA
    PM Modi to inaugurate Bhogapuram Airport in Andhra on Aug 1
    HIGHLIGHTS
    Closely monitoring: India on US bill seeking up to 100 % tariffs on purchasers of Russian oil
    Delhi HC seeks ED stand on Nayan Raheja's plea against money laundering case
    Rupee appreciates 7 paise to close at 95.43 against US dollar
    PM Modi, UK PM Burnham commit to harnessing full potential of mega trade deal
    ITC Q1 profit declines 15.6 pc to Rs 4,508.79 cr; non-cigarette FMCG posts robust growth
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    August 1, 2026
    Show AI Summary
    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
    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
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    Concessional foreign-exchange swaps encourage bank deposits and foreign borrowings to strengthen balance-of-payments resilience and foreign-exchange liquidity.
    The Reserve Bank of India introduced a concessional foreign-exchange swap facility to encourage foreign-currency inflows, strengthen the balance of payments and support foreign-exchange liquidity. The facility applies to fresh Foreign Currency Non-Resident (Bank) deposits, Overseas Foreign Currency Borrowings and External Commercial Borrowings. Foreign Currency Non-Resident (Bank) deposits constitute the principal source of inflows mobilised under the arrangement. The facility is available for specified time-bound periods, with a later availability period for Overseas Foreign Currency Borrowings and External Commercial Borrowings.
    August 1, 2026
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    Unauthorised pledge of listed-company land triggered securities-market bars for disclosure failures and misuse of management authority.
    Unauthorised pledge of ZEEL's Hyderabad land as security for loans obtained by promoter-linked entities was treated as a related-party transaction lacking prior audit committee approval. ZEEL failed to disclose the land's deployment in its financial statements. Its Chairman Emeritus was stated to have transferred title deeds by falsely representing management approval and to have concealed the transaction's nature. Securities-market prohibitions and monetary penalties were imposed with immediate effect.
    August 1, 2026
    Show AI Summary
    Trade and sustainable development policy integrates carbon regulation, sustainability standards and domestic frameworks to strengthen trade competitiveness and preparedness.
    Trade and Sustainable Development policy was examined in relation to international trade disciplines, sustainability regulation and India's trade strategy. Discussions considered carbon markets, carbon pricing, carbon border adjustment measures, sustainability standards and regulatory cooperation, and their implications for trade and industrial competitiveness. Domestic mechanisms, including the Carbon Credit Trading Scheme, Indian Carbon Market, Extended Producer Responsibility framework, and accreditation and conformity assessment systems, were considered for strengthening preparedness for emerging sustainability-related trade disciplines.
    August 1, 2026
    Show AI Summary
    Digital public procurement engagement begins with stakeholder events promoting transparent, efficient and inclusive marketplace governance.
    Government e-Marketplace launched ten-day celebrations preceding its tenth Foundation Day, including a commemorative logo, stakeholder events and recognition of employees, buyers and sellers. The programme begins a year-long nationwide outreach initiative bringing together buyers, sellers, policymakers, industry representatives and ecosystem partners through events, dialogues and collaborative platforms. Its stated focus is technology-enabled, transparent, efficient and inclusive public procurement.
    July 31, 2026
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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.

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      HIGHLIGHTS

      August 2, 2025

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      New Delhi, Aug 2 (PTI) Following are the top stories at 5.13 pm: NATION DEL44 PM-2NDLD VARANASI

      In Varanasi, PM Modi dedicates success of Operation Sindoor to Mahadev, slams Opposition Varanasi: Prime Minister Narendra Modi on Saturday invoked Lord Shiva's 'Rudra roop' (fierce form) to describe India's resolute action against terrorism, saying Operation Sindoor showcased the country's strength to the world and delivered a clear message that anyone who dares attack India will not be spared, not even in 'Pataal Lok'.

      DEL45 RAHUL-LD JAITLEY

      Rahul alleges Arun Jaitley threatened him on farm laws, BJP rubbishes charge as 'fake news' New Delhi: Congress leader Rahul Gandhi on Saturday claimed that former finance minister Arun Jaitley had threatened him to not speak against the farm laws else he would face action, a charge rubbished by the BJP as "fake news" and asked him to stick to facts instead.

      DEL35 UP-PM-SWADESHI

      PM Modi urges people to embrace 'swadeshi' spirit amid 'global economic uncertainty' Varanasi: Prime Minister Narendra Modi on Saturday called on citizens to adopt the spirit of "swadeshi" and support locally-made products, stressing that true service to the nation lies in promoting indigenous goods, especially amid "global economic uncertainties".

      DEL36 RAHUL-ELECTIONS

      Election system 'already dead' in country; 2024 LS poll was 'rigged': Rahul Gandhi New Delhi: Congress MP Rahul Gandhi on Saturday stepped up his attack on the Election Commission, alleging that the polling system in the country is "already dead" and the 2024 Lok Sabha election was "rigged".

      CAL9 BH-RAJNATH-OP SINDOOR

      Rajnath flays opposition for raising questions on Operation Sindoor in Parliament Patna: Defence Minister Rajnath Singh on Saturday came down heavily on the Congress-led opposition for “raising questions” about Operation Sindoor “instead of paying tributes to the valour displayed by our armed forces”.

      DEL41 CONSTITUTION-KHARGE

      EC has become PM Modi's 'puppet': Mallikarjun Kharge New Delhi: Amid a row over the special intensive revision of electoral rolls in Bihar, Congress president Mallikarjun Kharge on Saturday alleged that the Election Commission has become a "puppet" of Prime Minister Narendra Modi.

      BOM14 CG-COURT-2NDLD NUNS-BAIL

      Nuns from Kerala walk out of Chhattisgarh jail after getting bail in `trafficking' case Durg: Two nuns from Kerala who were arrested on the charges of human trafficking and forced religious conversion were released from Durg Central Jail in Chhattisgarh after a special court granted them bail on Saturday.

      MDS14 KL-FILM CONCLAVE-2NDLD CM

      Honouring 'The Kerala Story' endorses use of films to spread communal hatred: CM Vijayan Thiruvananthapuram: Kerala Chief Minister Pinarayi Vijayan on Saturday said that awarding national film honours to 'The Kerala Story' can only be seen as an endorsement of attempts to misuse movies to spread communal hatred and urged the cultural and film community to oppose such moves unitedly.

      DEL34 JK-LD ENCOUNTER

      2 terrorists killed in encounter in J-K's Kulgam Srinagar: Two terrorists were killed in an encounter with security forces in Jammu and Kashmir’s Kulgam district on Saturday, officials said.

      DEL37 JK-MHA-PAK-WOMAN

      Pakistani woman deported after Pahalgam attack to get visitor's visa: MHA to J&K HC Jammu: The Ministry of Home Affairs (MHA) has informed the Jammu, Kashmir and Ladakh High Court that it has decided to grant a visitor's visa to Rakshanda Rashid, a Pakistani woman who was deported from Jammu after the Pahalgam terror attack, prompting the court to dismiss her petition seeking nod to return to her family here.

      CAL8 BH-DRAFT ROLLS-TEJASHWI

      Tejashwi claims his name missing in draft electoral rolls; Bihar deputy CM refutes Patna: RJD leader Tejashwi Yadav on Saturday claimed that his name was missing in the “draft electoral rolls” published by the Election Commission as part of the special intensive revision in Bihar, ahead of the assembly polls.

      BOM10 MH-YAVAT VIOLENCE-LD PROBE

      Five FIRs filed over communal violence in Pune's Yavat; more than 500 booked and 17 detained Pune: Police have registered a total of five FIRs against more than 500 persons in connection with the communal violence in Yavat village of Pune district that broke out over an alleged objectionable post on a social messaging platform, officials said on Saturday.

      CAL7 WB-BJP-CAA-BENGALI IDENTITY

      BJP rolls out CAA help desks to blunt Mamata's 'Bengali Asmita' pitch in crucial Matua belt Kolkata: In a push to reclaim the Matua vote and blunt TMC supremo Mamata Banerjee's "Bangali Asmita" pitch, the BJP has launched CAA help desks in parts of West Bengal, facilitating citizenship applications in what is being seen as its most aggressive outreach initiative to woo refugee voters ahead of the 2026 assembly polls. By Pradipta Tapadar

      LEGAL LGD3 SC JUDGE-DISABILITY RIGHTS

      Rights of persons with disabilities: SC judge highlights need to create sensitisation & awareness New Delhi: Supreme Court judge Justice Manmohan on Saturday highlighted the need to create sensitisation and awareness about the rights of persons with disabilities.

      LGD2 SC-EMISSION

      Stakeholders must be on same platform to discuss plan to deal with emissions in power sector: SC New Delhi: The Supreme Court has stressed that all stakeholders must be on the same platform to discuss, formulate and implement the plan to address the issue of carbon emissions arising out of power generation.

      LGD5 JUSTICE CHANDRACHUD-BUNGALOW

      Former Chief Justice of India D Y Chandrachud vacates official residence New Delhi: Former Chief Justice of India D Y Chandrachud has vacated the official residence of the head of the judiciary in the national capital.

      LGD4 UKD-HC-STATUES

      Uttarakhand HC permits relocation of Gandhi, Pant statues in Nainital Nainital: The Uttarakhand High Court has permitted the Nainital district administration to relocate iconic statues of Mahatma Gandhi and Govind Ballabh Pant from their existing locations in the tourist town.

      FOREIGN FGN13 UK-AIR INDIA-CRASH

      Air India crash: UK families await update on DNA-matched remains London: British families, waiting for the remains of relatives aboard the London-bound Air India 171 plane that crashed soon after takeoff from Ahmedabad airport, are expecting confirmation on DNA matches after high-level India-UK government talks, their legal team has said. By Aditi Khanna

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