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    Punjab extends deadline of one-time scheme for settling tax dues of pre-GST period till Sept 30
    PM Modi speaks to UK counterpart Burnham
    Bank credit to industry records robust growth of 19.2 pc in June: RBI data
    Delhi protesters' fingerprints collected from stones for identification via Aadhaar: BJP minister
    Cabinet approves Rs 84,084-cr offshore exploration scheme; govt to fund up to Rs 650 cr per well
    India's forex reserves jump USD 6.12 bn to USD 682.35 bn
    Jharkhand signs pact with CSC eStore to make SHG products made by women available online
    APEDA Facilitates First-Ever Air Shipment of Karnataka's Neelam and Totapuri Mangoes to the Maldives
    Favara-UPI Cross-Border Payment Corridor Goes Live Between Maldives and India
    SC upholds NCLAT order setting aside CCI's Rs 301.6-cr penalty on Grasim Industries
    China's factory activity unexpectedly slips into contraction in July
    PM Modi to inaugurate Bhogapuram Airport on Aug 1 in Andhra Pradesh
    Rupee rises 20 paise to 95.30 against US dollar in early trade
    APEDA Facilitates First-Ever Sea Shipment of Value-Added Flavoured Makhana from Bihar to Canada
    Indian envoy meets Chinese commerce ministry official; Calls for enhanced market access
    ED attaches Rs 94 crore in foreign bank account in fraud case against Delhi-based rice firm
    Ensure uniform deposit rates across all branches: RBI tells banks
    PM takes stock of geo-political situation, safety of seafarers, supply chain constraints
    Delhi govt to provide property Aadhaar cards; bring Land Records Bill: CM Rekha Gupta
    CCS discusses global security situation, supply chain constraints
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    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.
    July 31, 2026
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    Bilateral trade agreement implementation supports expanded trade, investment and strategic cooperation through technology, security, clean energy and community links.
    The India-UK Comprehensive Economic and Trade Agreement was identified as a framework for expanding bilateral trade and investment opportunities following its operationalisation. The two governments proposed closer cooperation to use the agreement for shared prosperity, while advancing their comprehensive strategic partnership through technology, innovation, defence, security, clean energy, education and people-to-people links.
    July 31, 2026
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    Sectoral bank credit growth reflects broad-based expansion across industry, services, agriculture and personal loans, with slower credit-card growth.
    Sectoral bank credit growth accelerated across non-food lending, agriculture, industry, services and personal loans. Industrial credit expanded across micro and small, medium and large enterprises, with strong lending to infrastructure, engineering, food processing, textiles, construction, metals, petroleum-related products and chemical products. Services lending was supported by non-banking financial companies, commercial real estate and trade. Vehicle and housing loans maintained double-digit growth, while credit-card outstanding growth decelerated.
    July 31, 2026
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    Biometric identification of protesters through alleged fingerprint-Aadhaar linkage was described alongside criminal-background profiling and database creation.
    Biometric identification of protesters through fingerprints recovered from alleged stone-pelting evidence was publicly described as a proposed investigative method. A minister stated that fingerprints allegedly found on stones would be linked with Aadhaar numbers to identify participants and examine their prior records. The account also referred to analysis and categorisation of detained protesters' criminal backgrounds, creation of a separate database, and proposed action against participants described as anti-social elements or persons with criminal records.
    July 31, 2026
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    Offshore hydrocarbon exploration support funds high-risk deepwater drilling, shared infrastructure and data acquisition to strengthen domestic energy production.
    The National Offshore Exploration Scheme provides public support for deepwater and ultra-deepwater oil and gas exploration, including seismic and offshore data acquisition, exploratory drilling in frontier basins, and common production and evacuation infrastructure. It addresses the high cost and geological uncertainty of offshore drilling and includes technology adoption, digital programme management, capacity building and collaboration measures. The scheme seeks to expand domestic hydrocarbon discoveries and production, attract investment across the exploration and production value chain, and reduce reliance on imported oil and gas.
    July 31, 2026
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    Foreign exchange reserves increased as foreign currency assets and gold holdings rose, alongside measures to attract forex inflows.
    India's foreign exchange reserves increased during the reporting week, principally because foreign currency assets and gold reserves rose. Foreign currency assets, expressed in United States dollar terms, include valuation effects from movements in currencies such as the euro, pound and yen. Special Drawing Rights and the reserve position with the International Monetary Fund declined. Measures including the FCNR(B) measure were reported as efforts to attract foreign-exchange inflows following rupee pressure and dollar-sales intervention.
    July 31, 2026
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    Digital marketplace access for women's self-help group products expands e-commerce opportunities while panchayat-level citizen services are strengthened.
    Digital marketplace access for women's self-help group products is proposed through a memorandum of understanding between CSC eStore and the Jharkhand State Livelihood Promotion Society. Products marketed under the 'Palash' and 'Adiva' brands are intended to be offered through an e-commerce network to widen market access, support rural women's income and entrepreneurship, and strengthen the rural economy. Digital panchayat services are also being expanded through Common Service Centres, including banking, e-governance and Aadhaar-related services.
    July 31, 2026
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    Agricultural export facilitation expands market access for late-season mangoes through farmer aggregation and direct global market linkages.
    Agricultural export facilitation enabled an air shipment of late-season Neelam and Totapuri mangoes to an international market, expanding market access and extending the mango export season. Direct sourcing through a Farmer Producer Company supported organised aggregation, quality produce, and export-oriented supply chains. Direct procurement and export market linkages enabled participating farmers to realise higher returns than conventional market channels while promoting horticultural export diversification.
    July 31, 2026
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    Cross-border digital payment integration enables real-time Favara transfers from Maldives mobile banking applications to UPI-enabled accounts in India.
    Cross-border digital payment integration between Favara and UPI enables individuals in the Maldives to make real-time person-to-person transfers to UPI-enabled bank accounts in India through mobile banking applications. Transfers are initiated in Maldivian Rufiyaa and credited in Indian Rupees. The initial service is available through participating Maldivian banks. Permitted remittances include family-maintenance transfers under foreign inward and outward remittance categories, and gift-related transfers under foreign outward remittance. Future phases are intended to introduce QR-based merchant payments and other digital payment services.
    July 31, 2026
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    Procedural Fair Hearing in competition inquiries requires notice when the Commission departs from investigative findings before imposing action.
    Competition law procedure requires the Competition Commission to notify and hear an opposite party when departing from the Director General's findings. The penalty order concerning alleged abuse of dominance in viscose staple fibre supply was set aside because Grasim Industries was not given an opportunity to respond to the Commission's disagreement with the investigative findings. The matter was remanded for fresh, time-bound consideration without a finding on the merits.
    July 31, 2026
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    Manufacturing contraction highlights weak domestic demand, property-sector pressure and continued reliance on technology-related exports for economic growth.
    Manufacturing activity in China contracted in July, as the official purchasing managers' index fell below the expansion threshold and new orders and production declined. Weak domestic demand, lower building activity and possible typhoon-related disruptions contributed to the slowdown. Consumer spending, investment and property-sector weakness continue to affect confidence, while technology-related exports support growth. Policy commitments include strengthening domestic consumption amid continued reliance on exports.
    July 31, 2026
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    Public-private partnership airport development strengthens aviation, cargo logistics, export infrastructure and sustainable connectivity through an integrated international airport project.
    The Bhogapuram airport project is being implemented under a Public-Private Partnership through the Design, Build, Finance, Operate and Transfer framework. It has obtained required aerodrome, safety, fire and environmental clearances and includes infrastructure for domestic and international aviation, passenger processing and airport security. Cargo and cold-chain facilities are intended to support exports and logistics integration, while recycled-water use and LEED Platinum standards form part of the project's sustainability features.
    July 31, 2026
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    Rupee appreciation against the US dollar continued as foreign inflows and lower crude prices supported domestic currency markets.
    Rupee appreciation against the US dollar continued in early trading, supported by foreign capital inflows and lower global crude oil prices. A stronger US dollar constrained further appreciation, while expectations of continued Reserve Bank of India intervention were cited as supporting the rupee. Declining Brent crude prices, gains in domestic equity indices and net foreign institutional investment in equities were also identified as relevant market factors.
    July 31, 2026
    Show AI Summary
    Value-added Makhana exports expand international market access, support quality compliance, and improve farmer returns through processing and branding.
    Agricultural export facilitation supported the first sea shipment of value-added flavoured Makhana from Bihar to Canada. Processed and packaged to international quality and food-safety standards, the export demonstrates the role of processing, value addition and export-oriented manufacturing in expanding overseas market access. The initiative is stated to improve farmer returns through value addition, while capacity building, export infrastructure, quality compliance, market linkages and stakeholder collaboration support the agri-export ecosystem.
    July 30, 2026
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    Market access for Indian pharmaceuticals remains central to bilateral efforts to promote sustainable trade and economic cooperation.
    Enhanced market access for Indian products, particularly pharmaceuticals, was raised in discussions aimed at strengthening bilateral trade and economic ties. The discussions addressed sustainable trade, and the sides agreed to increase mutual cooperation and communication. India continues to seek greater access to China's information technology, pharmaceutical and agricultural sectors, while pursuing increased pharmaceutical exports and Chinese investment. Bilateral trade increased, but India's trade deficit widened, reflecting an ongoing imbalance in trade flows.
    July 30, 2026
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    Money laundering asset attachment targets overseas bank deposits linked to alleged loan fraud and fugitive economic offenders.
    Provisional attachment under the Prevention of Money Laundering Act was reported against Singapore bank deposits held by a company promoter and associated entities in an alleged loan-fraud and money-laundering investigation. The underlying case arises from allegations of fraud, criminal misappropriation, criminal breach of trust and cheating affecting a consortium of lending banks. Service of the attachment order was reported through mutual legal-assistance arrangements, and the promoters had reportedly been declared fugitive economic offenders.
    July 30, 2026
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    Deposit interest rate uniformity requires equal rates for similar deposits, while allowing risk-based differentiation for bulk deposits.
    Banks must apply uniform deposit interest rates across branches and customers for similar deposit amounts accepted on the same date, without discrimination. Rates payable, including for bulk deposits, must strictly follow schedules disclosed in advance on bank websites. Bulk deposit rates must be published each business day at 10:00 am, subject to a short permitted delay. Differentiated bulk-deposit rates may be offered based on applicable differential run-off rates under the Liquidity Coverage Ratio framework.
    July 30, 2026
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    Supply-chain continuity measures prioritise energy, fertiliser and seafarer protection amid conflict-driven disruptions across critical maritime transit routes.
    Supply-chain continuity and energy security measures were reviewed in response to geopolitical conflicts disrupting maritime transit routes and imports. Measures included diversification of LPG procurement, maintenance of petroleum stocks, expansion of PNG, gas-grid, LNG and city-gas infrastructure, and pipeline connectivity approvals. Fertiliser requirements and alternative procurement sources were considered to ensure uninterrupted supply. A unified monitoring mechanism and support arrangements for seafarers, including timely information, emergency assistance and counselling, were directed to protect citizens, economic interests and the Indian diaspora.
    July 30, 2026
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    Property digital identity framework proposed through comprehensive surveys, floor-level records, and unique cards to improve ownership verification.
    The proposed Delhi Land Records Bill, 2026 contemplates a digital land-records framework requiring scientific surveys of every property, comprehensive authenticated digital records and a unique Property Aadhaar Card. The proposed system would cover rural and urban residential, commercial and other properties, including floor-level records for buildings. It is intended to improve ownership verification, property transactions, inheritance, loan access, building-plan approvals and transparency in land records.
    July 30, 2026
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    Supply-chain resilience amid maritime conflict drives measures to protect energy imports, fertiliser supplies, seafarers and overseas citizens.
    Supply-chain continuity was reviewed in response to conflicts affecting maritime routes through the Strait of Hormuz, the Black Sea, the Red Sea and the Gulf of Aden. The concerns included disruptions to imports of petroleum, natural gas, fertilisers and other essential goods, risks to ships and seafarers, and the safety of Indian citizens in conflict areas. Measures were considered to maintain uninterrupted imports, protect economic interests and address constraints affecting critical energy and trade corridors.

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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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