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    Andhra records 21 per cent growth in net GST collections till July
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August 1, 2026
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GST compliance enforcement through AI analytics supported sustained net GST collection growth despite rate rationalisation reforms and reduced compliance costs.
GST revenue mobilisation in Andhra Pradesh showed year-on-year growth in net GST and total commercial tax collections through July 2026, despite rate-rationalisation reforms. Revenue growth was attributed to AI-based scrutiny and analytics, machine-learning risk scoring, AI-driven IGST reversals, UPI-based enforcement analytics, data sharing, predictive analytics, registration verification, and Aadhaar-integrated expansion of the professional-tax base. These measures were stated to strengthen compliance, curb wrongful input tax credit claims, broaden taxpayer coverage, and improve revenue mobilisation.
August 1, 2026
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Economic-offences fraud chargesheets address alleged fictitious loans, forged insurance surrender papers, and diversion of bank and policy funds.
Economic-offences chargesheets were filed in separate alleged bank and insurance fraud matters. The bank investigation alleged fictitious loan sanctions and overdrafts beyond delegated authority, involving cheating, forgery, use of forged documents and criminal conspiracy. The insurance investigation alleged that duplicate policy records and forged surrender documents were used to open a fraudulent account in a policyholder's name and divert policy proceeds. Records, witness statements, documentary evidence and forensic examination were cited in support of the allegations.
August 1, 2026
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PM Vishwakarma Scheme implementation expands artisan enrolment, skills, credit, e-commerce access and export facilitation while addressing documentation barriers.
PM Vishwakarma Scheme implementation in Delhi facilitated artisan enrolment, application processing, skill training, toolkit distribution, loan access, e-commerce onboarding and export-related support. Awareness workshops and tele-calling campaigns were used to promote participation and follow up on benefits. Key implementation challenges concerned outreach to informal clusters, digital literacy, delays in Aadhaar and IEC documentation, and additional support for Divyang artisans. Planned action includes expanding workshops, scaling e-commerce onboarding, strengthening export facilitation and coordination with implementing agencies.
August 1, 2026
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Goods and Services Tax collections rise on domestic consumption and imports, while elevated import revenue prompts assessment of underlying drivers.
Goods and Services Tax collections for July increased over the corresponding prior-year period, supported by domestic sales and imports. Gross receipts included Central GST, State GST and Integrated GST, with net GST revenue calculated after adjusting refunds. For the April-July period, gross and net collections also increased. Commentary linked domestic GST growth to consumption, formalisation and industrial activity, while identifying elevated import GST collections as an area requiring assessment of import composition, currency effects and volumes.
August 1, 2026
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GST revenue collections show provisional gross, refund and net revenue trends, with State-wise settlement and domestic collection data.
GST revenue collections for July 2026 are reported provisionally through gross domestic and import revenue, domestic and export-related refunds, and net GST revenue after refunds. The data also sets out SGST collections and the SGST share of IGST settled to States and Union Territories, both monthly and cumulatively. State-wise domestic GST growth excludes GST on imported goods, while jurisdiction-wise data allocates collections between central and State formations and identifies CGST, SGST and IGST components.
August 1, 2026
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Bilateral trade cooperation expands through a Joint Trade Committee covering investment, critical minerals, healthcare, digital technologies and market access.
Bilateral trade and investment cooperation between India and Rwanda is to be advanced through a structured Joint Trade Committee mechanism for reviewing commerce, diversifying trade, promoting investment, facilitating business engagement and addressing market-access and logistical issues. Priority cooperation includes critical minerals, pharmaceuticals and healthcare, agriculture and agro-processing, standards harmonisation, digital public infrastructure, fintech, cybersecurity, green mobility and renewable energy. Investment focal points will support engagement, while capacity-building assistance and close monitoring of the Agreed Minutes are intended to support time-bound implementation.
August 1, 2026
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GST collection growth in West Bengal continued year-on-year in July but remained below the national growth trend.
West Bengal's July GST collection increased year-on-year and over the preceding month, marking a second consecutive month of annual growth. Official data also indicated that the State's annual growth rate was below the national trend, while gross domestic GST revenue excluding imports and overall gross GST collections including import-related taxes rose nationally during July.
August 1, 2026
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GST collection growth reflects higher revenue mobilisation from domestic transactions and imports, with refunds adjusted in net revenue.
Goods and Services Tax collections increased in July, driven by higher revenue from domestic transactions and imports. The gross collection comprised Central GST, State GST and Integrated GST components. Refunds also increased during the month, and net GST revenue was determined after adjustment of refund outflows from gross tax receipts.
August 1, 2026
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Concessional foreign-exchange swaps encourage bank deposits and foreign borrowings to strengthen balance-of-payments resilience and foreign-exchange liquidity.
The Reserve Bank of India introduced a concessional foreign-exchange swap facility to encourage foreign-currency inflows, strengthen the balance of payments and support foreign-exchange liquidity. The facility applies to fresh Foreign Currency Non-Resident (Bank) deposits, Overseas Foreign Currency Borrowings and External Commercial Borrowings. Foreign Currency Non-Resident (Bank) deposits constitute the principal source of inflows mobilised under the arrangement. The facility is available for specified time-bound periods, with a later availability period for Overseas Foreign Currency Borrowings and External Commercial Borrowings.
August 1, 2026
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Unauthorised pledge of listed-company land triggered securities-market bars for disclosure failures and misuse of management authority.
Unauthorised pledge of ZEEL's Hyderabad land as security for loans obtained by promoter-linked entities was treated as a related-party transaction lacking prior audit committee approval. ZEEL failed to disclose the land's deployment in its financial statements. Its Chairman Emeritus was stated to have transferred title deeds by falsely representing management approval and to have concealed the transaction's nature. Securities-market prohibitions and monetary penalties were imposed with immediate effect.
August 1, 2026
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Trade and sustainable development policy integrates carbon regulation, sustainability standards and domestic frameworks to strengthen trade competitiveness and preparedness.
Trade and Sustainable Development policy was examined in relation to international trade disciplines, sustainability regulation and India's trade strategy. Discussions considered carbon markets, carbon pricing, carbon border adjustment measures, sustainability standards and regulatory cooperation, and their implications for trade and industrial competitiveness. Domestic mechanisms, including the Carbon Credit Trading Scheme, Indian Carbon Market, Extended Producer Responsibility framework, and accreditation and conformity assessment systems, were considered for strengthening preparedness for emerging sustainability-related trade disciplines.
August 1, 2026
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Digital public procurement engagement begins with stakeholder events promoting transparent, efficient and inclusive marketplace governance.
Government e-Marketplace launched ten-day celebrations preceding its tenth Foundation Day, including a commemorative logo, stakeholder events and recognition of employees, buyers and sellers. The programme begins a year-long nationwide outreach initiative bringing together buyers, sellers, policymakers, industry representatives and ecosystem partners through events, dialogues and collaborative platforms. Its stated focus is technology-enabled, transparent, efficient and inclusive public procurement.
July 31, 2026
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Strategic trade controls require dual-use exports to comply with national law and international obligations amid arms-transfer allegations.
Strategic trade controls governing dual-use exports require Indian exports of dual-use items and technologies to comply with national law and India's international obligations. The stated framework applies to exports to various countries. In response to allegations concerning supplies to Israel, the position notes calls for an arms embargo covering direct or indirect transfers of arms and military material, including weapons, ammunition, parts and components, without determining the underlying allegations.
July 31, 2026
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Greenfield airport development under a public-private partnership advances licensed international passenger, cargo, logistics, and sustainable infrastructure.
A greenfield international airport is being developed under a Public-Private Partnership and Design, Build, Finance, Operate and Transfer framework, with airport, aviation-hub, education and supporting infrastructure components. The airport has obtained an aerodrome licence and required safety, fire and environmental clearances. Passenger, airfield and terminal systems are designed for domestic and international operations. A cargo terminal with cold-chain facilities and integration with port, industrial-corridor and logistics networks are intended to strengthen exports and air-cargo logistics. Recycled-water use and LEED Platinum development standards form part of its environmental measures.
July 31, 2026
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Regulatory and legal developments cover trade measures, legislative action, offshore exploration support, court directions and platform algorithm scrutiny.
The compilation reports proposed United States tariff measures concerning purchasers of Russian oil and gas, India-United Kingdom trade engagement, extension of farmer-support measures, and approval of offshore exploration support. It also covers passage of the Registration of Births and Deaths (Amendment) Bill, 2026, a privilege-motion notice, a criminal sentencing, and directions to appoint a nodal officer for families affected by the Russia-Ukraine war. Regulatory items include industrial credit data and examination of social-media algorithms, bias and public-order implications.
July 31, 2026
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Russian oil purchases may trigger proposed targeted tariffs, with periodic reassessment based on countries' purchasing behaviour.
Proposed United States measures would authorise sanctions against Russia and persons supporting its war in Ukraine, while permitting targeted tariffs on imports from countries purchasing substantial volumes of Russian oil or gas or facilitating sanctions evasion. The framework identifies major purchasers and shadow-fleet facilitators for possible additional tariffs and provides for periodic reassessment and tariff adjustments based on purchasing behaviour. India stated that its energy-security policy rests on national priorities and diversified energy sources.
July 31, 2026
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Money-laundering proceedings face challenge over absent predicate offence, alleged lack of criminal intent, and treatment of related FIRs.
Money-laundering proceedings linked to alleged diversion of homebuyer funds are challenged on the ground that no scheduled offence or criminal intent is attributable to the petitioner. The petitioner relies on his asserted exoneration in two predicate FIRs, where charge sheets did not name him, and settlement of the remaining FIR. Notice was issued for a response and status report, and the petitioner undertook to cooperate with the investigation.
July 31, 2026
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Rupee appreciation reflected foreign capital inflows and central bank support, tempered by crude prices and geopolitical tensions.
Rupee appreciation against the US dollar was linked to sustained foreign capital inflows and Reserve Bank support through dollar selling. Higher crude oil prices, a stronger US dollar and geopolitical tensions in West Asia constrained further gains. A slightly positive near-term rupee bias was associated with softer dollar conditions, dovish US monetary expectations, favourable global markets and improved foreign inflows, while geopolitical risks remained relevant. Domestic equity indices rose, foreign-exchange reserves increased, and fiscal-deficit data showed the central government's position against its full-year target.
July 31, 2026
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India-UK trade agreement enables duty-free access and bilateral cooperation on investment, technology, and strategic partnership.
The India-UK Comprehensive Economic and Trade Agreement provides zero-duty market access in the UK for nearly 99 per cent of India's exports and is intended to expand bilateral trade and investment opportunities. The governments committed to maximise its benefits through the Comprehensive Strategic Partnership, including cooperation on technology, innovation, security, clean energy, education and people-to-people links. Advanced technology collaboration, including artificial intelligence, is also contemplated.
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.

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Individual Health Insurers Seek Largest Premium Hikes in Over Five Years

August 11, 2025

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New Delhi [India], August 11: Indian consumers are witnessing significant changes in the individual health insurance and private medical insurance landscape. Over the last few months, many policyholders have reported steep rises in their health insurance premiums. According to official filings and market reports, individual health insurers are now seeking their largest premium hikes in over five years. This trend affects millions of families and individuals who rely on these products for financial security during medical emergencies. Factors leading to premium hikes Several reasons have led individual health insurers to revise rates. During the COVID-19 pandemic, insurance companies faced a sharp surge in claims related to hospitalisation and treatments under private medical insurance policies. In FY22-23, claims ratios for health insurers crossed 90%, up from averages of 60-70% in previous years. This means that for every Rs. 100 collected as premium, insurers paid Rs. 90 as claims, squeezing their profits.

Rising medical costs are another key factor. According to the National Health Authority, medical inflation in India averaged 14% in 2022-23, one of the highest in Asia. Treatments, diagnostics, and even standard procedures in private hospitals have become expensive. Insurers adjust premiums upwards to keep pace with these higher payouts.

India’s Insurance Regulatory and Development Authority (IRDAI) reports that insurers have also enhanced coverage with new features such as coverage for mental health, modern treatments like robotic surgery, and day-care procedures. While these are valuable to policyholders, they increase claim outgo, adding pressure on premiums.

Regulatory permission for premium increases Health insurers cannot increase premiums arbitrarily. They must file premium revision applications with the IRDAI, which closely examines the justification. In early 2024, at least 14 leading private and public sector insurers, including HDFC Ergo, ICICI Lombard, Star Health, and National Insurance, filed for hikes ranging from 15% to 35%, according to industry estimates and filings reviewed by Mint.

For most individual health insurance and private medical insurance products, this is the sharpest rise since FY18, when premiums saw 10-14% increases. Major insurers argue that cumulative inflation and elevated claims from 2020 to 2023 require a correction in rates to maintain product viability.

Which policies and consumers are affected the most Impact on individual health insurance policyholders The premium hikes have the greatest impact on individual health insurance customers. These are people who buy policies directly, rather than as part of an employer scheme or family floater.

For example, a standard Rs. 5 lakh health cover from a leading private insurer, which was priced at Rs. 8,000 for a 30-year-old in 2019, will now cost between Rs. 10,000 and Rs. 11,000, after the approved hike. For senior citizens or those with pre-existing ailments, increases are even sharper, sometimes up to 25-30%.

Group insurance plans see slower increases Corporates and organisations that buy group or employee policies have bargaining power and larger risk pools. Hence, while group policies also see some price increase, these are usually lower than those for individual retail buyers. However, experts warn that persistent medical inflation will eventually influence group premiums as well.

How premium hikes affect affordability and healthcare access Increased out-of-pocket expenses With higher premiums, policyholders, especially from the middle class and self-employed segments, are forced to rethink medical cover. Some may reduce the sum insured, opt for policies with co-payment, or even drop coverage altogether. A study by the Insurance Brokers Association of India in early 2024 observed that up to 18% of individual health insurance policyholders considered downgrading or cancelling their policies following the hike announcements.

Financial strain on families and vulnerable groups Health costs are among the largest unpredictable expenses for Indian families. A sudden increase in annual premiums by Rs. 2,000 to Rs. 5,000 can strain household budgets and lead to delayed renewals or lapses in cover. Senior citizens, who have higher medical needs, are particularly affected as they already pay the highest premiums in the market. This reduces access to private medical insurance, forcing dependence on limited and often overburdened public healthcare services.

IRDAI’s role and regulatory responses Ensuring consumer protection and industry viability The IRDAI is responsible for balancing the financial health of insurance companies with the well-being of policyholders. The regulator has sought detailed actuarial data and justifications for each premium increase. In numerous cases, IRDAI has moderated or staggered the hikes, asking insurers to spread out increases over two to three years to prevent sudden financial shock.

Product standardisation and transparency IRDAI has also introduced guidelines to improve transparency in product features and pricing. Insurers must now clearly state the reason for premium increases in their policy renewal notices and offer comparison charts with other available products, helping consumers make informed decisions.

To promote access, IRDAI encourages the launch of standardised products such as Arogya Sanjeevani and Saral Suraksha Bima, which provide basic cover at affordable rates. While these may not have all the bells and whistles of private medical insurance plans, they ensure minimum protection for a larger population base.

Expert tips to manage rising individual health insurance costs Shop and compare policies every renewal cycle With premium hikes, loyalty to one insurer is no longer the best option. IRDAI’s guidelines now allow portability, making it easy for consumers to switch between insurers while retaining continuity benefits. Always compare features and pricing on official platforms such as the IRDAI website or trusted aggregators before renewing your individual health insurance.

Consider top-ups and super top-ups Instead of buying an expensive comprehensive plan, you can take a base cover and add a super top-up plan for higher coverage at a lower overall premium. For example, taking a Rs. 5 lakh base cover with a Rs. 20 lakh super top-up may cost less than buying a single Rs. 25 lakh policy. Many experts recommend this approach for middle-income families and self-employed professionals who need higher protection but want to keep annual outgo manageable.

Opt for higher deductibles and co-payments If you are healthy and financially secure, choosing a higher deductible or voluntary co-pay option reduces your annual premium. However, this means you will pay a fixed amount from your pocket in the event of a claim. Carefully evaluate your risk appetite and medical history before choosing this route.

Use wellness benefits and claim-free discounts Most individual health insurers now offer wellness programmes, discounts for claim-free years, or incentives for maintaining a healthy lifestyle. Actively use these features to reduce your premiums for private medical insurance. Simple steps like routine health check-ups, regular exercise, and non-smoking can have a tangible financial benefit.

How to avoid policy lapses after premium hikes Plan for timely renewal Irrespective of premium increases, always renew your policy before the due date. Lapsed individual health insurance policies may result in a loss of waiting period benefits and continuity for pre-existing diseases. Many insurers offer a grace period of 15 to 30 days, but cover for claims is not available during lapses.

Seek expert or a financial advisor help If you are unsure about the impact of premium hikes, consult a trusted insurance advisor or financial planner. They can analyse your current needs, suggest suitable individual health insurance products, and guide you on combining covers or switching options without losing protection.

Conclusion: Proposed premium hikes in individual health insurance and private medical insurance represent the most substantial increases in over five years for Indian policyholders. While driven by rising healthcare costs, greater claim payouts, and market competition, they create affordability challenges for middle-class families and vulnerable groups.

To navigate this evolving landscape, consumers should regularly compare policies, use top-ups creatively, and leverage IRDAI's consumer protection initiatives. Reviewing your health coverage priorities, seeking expert advice, and staying aware of regulatory updates will help manage the impact of premium increases without sacrificing protection.

(Disclaimer: The above press release comes to you under an arrangement with PNN and PTI takes no editorial responsibility for the same.). PTI PWR

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