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    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
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    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
    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
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    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
    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.
    July 31, 2026
    Show AI Summary
    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
    Show AI Summary
    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.

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      I-Day celebrations: CMs focus on states' achievements, vision; Stalin, Siddaramaiah complain

      August 15, 2025

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      New Delhi, Aug 15 (PTI) The 79th Independence Day was celebrated across the country on Friday with heads of governments recounting the achievements, challenges and plans of the respective states and Union Territories (UTs) as they hoisted the national flag.

      The chief ministers of at least two non-NDA governments -- Karnataka and Tamil Nadu -- aired their grievances against the BJP-led Centre on the day.

      In their speeches, the chief ministers and governors of the states and UTs spoke about the efforts being made to bring law and order under control, and check terrorism, militancy and Naxalism. They also expressed gratitude to the freedom fighters and the armed forces, while recounting development plans.

      Jammu and Kashmir Chief Minister Omar Abdullah delivered a forceful Independence Day speech, criticising the practice of linking terror attacks to the UT's political future and asserted that Pakistan should not be allowed to influence it through terrorism.

      In his first speech since Jammu and Kashmir was downgraded to a UT, he announced a signature campaign would be launched to press the demand for restoration of statehood.

      J-K Lieutenant Governor Manoj Sinha hoisted the national flag at Raj Bhavan in Srinagar and paid tributes to freedom fighters and bravehearts of police, Army and Central Armed Police Forces. He also paid homage to the citizens who lost their lives in the cloudburst in Kishtwar a day ago.

      Karnataka CM Siddaramaiah alleged that the state is facing discrimination in the distribution of resources from the Centre. Delivering his address at the Independence Day celebrations in Bengaluru, he said, "Karnataka is facing discrimination in the distribution of resources from the Centre. There is growing concern that constitutional bodies like the Income Tax Department, Enforcement Directorate, CBI and others are not working to uphold the true values of democracy and cooperative federalism as enshrined in the Constitution." In his Independence Day address at Fort St George in Chennai, Tamil Nadu Chief Minister M K Stalin said while states need additional powers gradually, their rights in key sectors like education are usurped.

      The power distribution between the Centre and states is clearly defined in the Constitution so that the Union and the state governments serve the people together. However, during the past 75 years, due to changes in the political arena, it is regrettable that the role of state governments, as regards their share in power, is on the decline continuously, he alleged.

      "During the past few years, we have seen that the Centre is making several efforts to take away the rights of state governments in several sectors," Stalin said.

      Bihar Chief Minister Nitish Kumar pledged to provide government jobs and other employment opportunities to one crore youth in the state "in the coming years". He was addressing a gathering after unfurling the tricolour at the Gandhi Maidan on Independence Day in Patna. Bihar goes to polls later this year.

      Slamming the previous YSRCP Government for allegedly pushing the state into debts, Andhra Pradesh Chief Minister N Chandrababu Naidu on Friday said the "Super Six" set of poll promises made by the TDP-led NDA in the state was a superhit.

      From Governor Jishnu Dev Varma, Chief Minister Revanth Reddy and other dignitaries to common people, Independence Day was celebrated with patriotism and fervour across Telangana on Friday.

      AIMIM president Asaduddin Owaisi attended Independence Day celebrations at various places in the city, including Yakutpura, Mughalpura, Musheerabad and Madina X Roads.

      The opposition DMK on Friday boycotted the 'At Home' reception hosted by Puducherry Lt Governor K Kailashnathan at Raj Nivas during the 79th Independence Day celebrations here. The reason for the boycott was not immediately known.

      Uttarakhand Chief Minister Pushkar Singh Dhami hoisted the national flag at the Parade Ground in Dehradun to mark the 79th Independence Day. Earlier, he also hoisted the national flag at his official residence and expressed his gratitude to the Indian Army, NDRF, SDRF, ITBP and all the agencies engaged in the challenging rescue operations underway in disaster-ravaged areas of Dharali and Harshil.

      He said Uttarakhand distinguished itself as the first state in Independent India to implement a Uniform Civil Code, the country's toughest anti-copying law, an anti-riot law and a strict land law.

      He said the state cabinet recently approved bringing legislation to amend the state's freedom of religion Act which would make the anti-conversion law even more stringent.

      In the Northeast, Manipur Governor Ajay Kumar Bhalla asserted the overall law and order situation in the state has improved "tremendously" in recent months and it is stable and under control.

      The northeastern state, which is under President's Rule, has made remarkable progress across various sectors from social welfare, infrastructure development to economic empowerment, said Bhalla.

      Assam Chief Minister Himanta Biswa Sarma said the government is on the way to eradicating child marriage from the state by 2026. Hoisting the tricolour in Guwahati, he said there has been a gradual decline of all forms of crimes in recent years.

      The 79th Independence Day was also celebrated in other states and UTs, including Nagaland, Tripura, Meghalaya, Arunachal Pradesh, Haryana and Andaman and Nicobar Islands.

      In her maiden Independence Day speech, Delhi Chief Minister Rekha Gupta pledged to rejuvenate the Yamuna river and provide world-class infrastructure.

      Uttar Pradesh Chief Minister Yogi Adityanath, while hoisting the national flag at the UP Vidhan Sabha in Lucknow, hailed the success of Operation Sindoor. He also paid tributes to Mahatma Gandhi on this occasion and hoisted the national flag at his official residence in Lucknow.

      Asserting that she will continue her battle to uphold the honour of every Indian, West Bengal Chief Minister Mamata Banerjee said Bengal once rose against the atrocities of foreign rulers and will keep fighting against any injustice, adding she was sure that the people would be by her side in this battle.

      Addressing the Independence Day function at the Mahatma Gandhi Marg in Bhubaneswar, Odisha Chief Minister Mohan Charan Majhi said he has given "absolute power" to the police to take action against those involved in crimes against women.

      Rajasthan Chief Minister Bhajanlal Sharma and Madhya Pradesh Chief Minister Mohan Yadav hoisted the national flag in Jodhpur and Bhopal respectively and lauded Operation Sindoor.

      Gujarat Chief Minister Bhupendra Patel announced several new development-centric initiatives, including Regional Vibrant Summits with a focus on towns and villages, and 'Agenda 2035', a roadmap for transforming the state, during the state-level Independence Day function held at Porbandar city, the birthplace of Mahatma Gandhi.

      Goa Chief Minister Pramod Sawant took part in the Independence Day function in Panaji and said his dispensation was committed to regularising native Goans' houses built on government or community lands through various laws. PTI TEAM KSS KSS

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