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    Odisha's export can reach USD 50 billion by FY 2029-30: Study
    Andhra records 21 per cent growth in net GST collections till July
    J&K crime branch chargesheets accused in separate bank, insurance fraud cases
    MCD-facilitated PM Vishwakarma Scheme enrols over 41,000 artisans in Delhi
    Gross GST mop-up grows 15.4 pc to over Rs 2.11 lakh cr in July on higher imports, sales
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    RBI says USD 40.82 bn mobilised under forex swap facility till Jul 31
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    August 1, 2026
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    Export growth projections outline pathways for Odisha to expand merchandise trade through export diversification, MSME support and financing initiatives.
    Export growth projections for Odisha set out base, optimistic and ambitious scenarios through FY 2029-30, based respectively on historical growth, envisaged national export growth, and a larger share of national exports. Odisha's export basket remains concentrated in metals and minerals, led by aluminium products, with China as the principal export destination. Odisha Vision 2047 identifies exports, including MSME contributions, as an economic transformation driver, while export-financing and risk-mitigation initiatives aim to address financing gaps for exporters and MSMEs.
    August 1, 2026
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    GST compliance enforcement through AI analytics supported sustained net GST collection growth despite rate rationalisation reforms and reduced compliance costs.
    GST revenue mobilisation in Andhra Pradesh showed year-on-year growth in net GST and total commercial tax collections through July 2026, despite rate-rationalisation reforms. Revenue growth was attributed to AI-based scrutiny and analytics, machine-learning risk scoring, AI-driven IGST reversals, UPI-based enforcement analytics, data sharing, predictive analytics, registration verification, and Aadhaar-integrated expansion of the professional-tax base. These measures were stated to strengthen compliance, curb wrongful input tax credit claims, broaden taxpayer coverage, and improve revenue mobilisation.
    August 1, 2026
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    Economic-offences fraud chargesheets address alleged fictitious loans, forged insurance surrender papers, and diversion of bank and policy funds.
    Economic-offences chargesheets were filed in separate alleged bank and insurance fraud matters. The bank investigation alleged fictitious loan sanctions and overdrafts beyond delegated authority, involving cheating, forgery, use of forged documents and criminal conspiracy. The insurance investigation alleged that duplicate policy records and forged surrender documents were used to open a fraudulent account in a policyholder's name and divert policy proceeds. Records, witness statements, documentary evidence and forensic examination were cited in support of the allegations.
    August 1, 2026
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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
    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
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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.

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      2nd Sustainable Agriculture Summit 2025 Calls for Green Growth to Power India's Economic Future

      August 12, 2025

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      New Delhi, Delhi, India (NewsVoir) As India sets its sights on becoming the world’s largest economy by 2047, Union Minister of State for Social Justice & Empowerment Ramdas Athawale asserted that the nation’s growth story must be rooted in the progress of its farmers and the adoption of sustainable agriculture. Speaking at a national conference in Delhi on sustainable agriculture, he said that keeping farmers at the centre of economic transformation will be essential for realising the vision of Viksit Bharat as envisioned by Prime Minister Narendra Modi.

      The 2nd Sustainable Agriculture Summit & Awards 2025 organized by Sustainability Matters and IndiAgri, and supported by Indian Railway Finance Corporation, Godrej Agrovet, IPL Biologicals, Small Industries Development Bank of India (SIDBI), and Hindustan Urvarak & Rasayan Limited (HURL), brought together an influential cross-section of stakeholders, progressive farmers, industry leaders, scientists, development practitioners and senior bureaucrats from across the country.

      “A strong agricultural base will ensure that India’s economic growth is inclusive and resilient,” Athawale said, adding that initiatives which integrate environmental sustainability with farmer welfare will be critical for India’s long-term prosperity.

      Setting the tone for the deliberations, Dr Jayadev Sarangi, IAS (Retd), Former Secretary, Government of Delhi and Government of Goa, noted that agriculture today is not just about food security but about economic strategy. “Every investment we make in sustainable agriculture translates into greater national stability and global competitiveness,” he observed.

      Such investments, speakers pointed out, need a robust financial backbone. India’s agri-credit flow crossed Rs. 20 lakh crore in FY2024, but much of it remains concentrated in short-term crop loans rather than long-term climate-resilient infrastructure.

      Manoj Kumar Dubey, Chairman & Managing Director, Indian Railway Finance Corporation, said “The private and public sectors must work in tandem to unlock capital for green and farmer-centric innovations. Financing climate-smart agriculture is an investment in India’s economic future.” Beyond financing, panellists noted, execution at the grassroots often determines the real impact of policies and programs. District administrations have been central to introducing innovations that not only address climate and resource challenges but also diversify farm incomes in regions dependent on traditional crop cycles.

      Highlighting the role of innovative crop diversification, Ms Deepshikha, IAS, Collector & District Magistrate, Ferozepur, shared her experience from Ferozepur, Punjab. She said the district is boosting farmer welfare by promoting chilli cultivation between paddy and wheat cycles. “This diversification has improved incomes, enhanced soil health, and reduced environmental stress,” she noted. She was among six IAS officers honoured for their district-level sustainable initiatives, alongside Ravi Anand, IAS, Deputy Commissioner-cum-District Magistrate, Jamtara; Pamela Satpathy, IAS, District Collector, Karimnagar; Hari Chandana, IAS, District Collector, Hyderabad and Himanshu Nagpal, IAS, Chief Development Officer, Varanasi; Rajesh Jogpal, IAS, Haryana.

      Such local interventions, speakers observed, work best when complemented by strong market linkages and rural entrepreneurship, enabling farmers to capture more value beyond the farmgate.

      Dr Rajendra Prasad, General Manager & Regional Head, SIDBI, noted that while SIDBI’s primary mandate is to support MSMEs, it also has an important role in encouraging entrepreneurship across industries, including agriculture. “As a financing institution, we are leveraging resources from international, multilateral, and bilateral partners to fund mitigation projects that address climate and sustainability challenges. I invite all institutions working in this space to collaborate with us so that together we can channelise these resources towards achieving the government’s vision for Viksit Krishi. We believe the time for action is now,” he said.

      Dr Vimala Prakash, Head of the Technology Innovation Center at IPL Biologicals Limited, added that science-led innovation is bridging the gap between farm needs and sustainable outcomes. “Biologicals, precision tools, and data-driven practices can transform Indian agriculture into a global benchmark,” she said.

      Siba P Mohanty, Managing Director, Hindustan Urvarak & Rasayan Limited (HURL), stressed on the role of responsible input management and water stewardship in securing the future of Indian agriculture. “Innovations like zero liquid discharge systems, efficient nutrient management, and training in water-smart practices show how environmental responsibility and economic growth can go hand in hand. The future of climate-resilient agriculture lies in blending technology with strong farmer engagement,” he said.

      “This summit is inspired by Prime Minister Narendra Modi’s vision of a Viksit Bharat, where agriculture is not a constraint but a catalyst for sustainable growth,” said Dr Navneet Anand, Executive Director of Sustainability Matters.

      “Under the banner of Krishi 2047, our aim is to document what’s working on the ground and build a platform for dialogue, recognition, and policy linkages that can take these models national,” Anand said.

      The awards ceremony recognised exemplary work across multiple categories, celebrating achievers such as Godrej Agrovet; IPL Biologicals; Hindustan Urvarak & Rasayan Limited (HURL); SeedWorks International Limited; Bihar Agricultural University, Sabour, Bhagalpur; Love Kumar, District Agriculture Officer & District Horticulture Officer, Jamtara; Agricultural Technology Management Agency (ATMA), Bhagalpur; Agri Entrepreneur Growth Foundation; Dhaksha; and the Federation of Seed Industry of India.

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

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