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    Gross GST collection kitty swells 15.4 pc to over Rs 2.11 lakh cr in July
    RBI says USD 40.82 bn mobilised under forex swap facility till Jul 31
    Sebi bars ZEEL for 2 months, Subhash Chandra, Punit Goenka for 1 year in Hyderabad land pledge case
    Department of Commerce Holds Workshop on Trade and Sustainable Development Policy Landscape
    GeM Launches 10-Day Celebrations Ahead of 10th Foundation Day, Unveils Commemorative Logo
    All Indian exports of dual-use items comply with international obligations: MEA
    PM Modi to inaugurate Bhogapuram Airport in Andhra on Aug 1
    HIGHLIGHTS
    Closely monitoring: India on US bill seeking up to 100 % tariffs on purchasers of Russian oil
    Delhi HC seeks ED stand on Nayan Raheja's plea against money laundering case
    Rupee appreciates 7 paise to close at 95.43 against US dollar
    PM Modi, UK PM Burnham commit to harnessing full potential of mega trade deal
    ITC Q1 profit declines 15.6 pc to Rs 4,508.79 cr; non-cigarette FMCG posts robust growth
    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
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    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.
    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
    Show AI Summary
    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
    Show AI Summary
    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.

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      PHE Industries Celebrates 25 Glorious Years with the Powerful Expansion of Its Game-Changing Recon Series

      August 25, 2025

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      Faridabad, India | August 2025 PHE Industries Pvt. Ltd., the most trusted name in India when it comes to hydraulic system solutions, celebrates 25 years of innovation, reliability, and unwavering commitment to customer success. PHE started on small beginnings and now serves some of the most essential industries in India. PHE’s journey reflects not just business growth but a deep-rooted mission to power industrial India with cost-effective, precision-driven, and future-ready solutions.

      What began in 2000 as a modest vision by hydraulic expert Mr. Pankaj Srivastava, has today evolved into a national leader making industrial systems reliable, cost-efficient, and future-ready. Today, the company is best known for its industry-leading Recon Series reconditioned hydraulic pumps and motors that offer OEM-grade performance at a fraction of the cost.

      “We don’t just repair machines. We revive entire systems, industries, and confidence,” says Mr. Srivastava. “Our goal from day one has been to provide precision engineering without compromise and our 25-year journey is proof of that commitment.” The Recon Series: Revolutionizing Industrial Hydraulics In a capital-intensive industrial environment where uptime is mission-critical, PHE’s Recon Hydraulic Units have emerged as a preferred choice for cost-effective, high-performance hydraulic solutions.

      Previously viewed as a last-resort solution, reconditioned hydraulic systems are now a strategic advantage and PHE is proudly leading this transformation.

      The Recon Series offers reconditioned pumps and motors that are equal to the specifications of the OEM in specifications; its advantages are far beyond cost savings.

      Key Advantages of PHE’s Recon Units: ●Cost-Effective Performance: Nearly 50–60% more affordable than new imports without compromising on output.

      ●Quick Turnaround: Emergency-fit units help industries avoid prolonged downtime.

      ●Environmentally Conscious: Reconditioning promotes sustainability by extending equipment lifecycle and reducing industrial waste.

      ●Quality Without Compromise: Every unit is rebuilt using genuine components from global brands like Danfoss, Parker, Rexroth, Eaton, Linde, ensuring dependability and long-term durability.

      Engineering Precision You Can Trust Every Recon unit has its second life started by total dismantling and inspection and then it is reassembled with only certified OEM parts. It is handled by well trained technicians of PHE's own hydraulic institute and the units are also thoroughly tested on fully equipped state-of-the-art test benches located at Faridabad and Mumbai.

      To ensure complete transparency, clients also receive detailed test reports and operational videos, ensuring complete transparency and confidence.

      25 Years of Impact Across Critical Industries PHE’s reconditioned units now form the backbone of hydraulic systems across India’s most critical sectors: ● Marine and Port Operations ● Construction & Earthmoving Equipment ● Steel Plants & Manufacturing Units ● Railways, Defence, Oil & Gas The company’s client list includes top organizations like ONGC, DP World, Northern Railways, Sanghvi Movers, and Daryaa Shipping, among others.

      “In sectors where a single hour of downtime can cost lakhs, PHE’s Recon units ensure rapid replacements with reliable results,” says Mr. Srivastava.

      Expansion of Recon for HDD and Port Cranes: A National Milestone This July, PHE proudly expanded its Recon Series to cover Horizontal Directional Drilling (HDD) machines ranging from 30 to 800 tonnes, and heavy-lift port cranes up to 800 tonnes. This move makes PHE the first Indian company to provide OEM-standard reconditioned hydraulic units for such high-tonnage applications at scale.

      “We’re not just filling a gap, we're redefining expectations,” said Mr. Srivastava. “Recon is engineered for heavy-duty reliability without the price tag or waiting period of imports.” This expansion is poised to: ● Cut project delays in India’s infrastructure development ● Reduce dependency on imported equipment ● Support the ‘Make in India’ and Atmanirbhar Bharat visions Powered by Purpose: Training the Next Generation At the heart of PHE’s operational philosophy is the PHE Institute of Hydraulics, an in-house training center dedicated to upskilling technicians and engineers. By offering real-world training, failure diagnostics, and advanced system insights, the institute is building self-reliance and reducing foreign dependency.

      Why the PHE Institute matters: ● Hands-on curriculum based on real scenarios ● Failure analysis and preventive engineering practices ● Producing talent that reduces dependency on foreign expertise “With every engineer we train, we don’t just build skill, we build self-reliance,” adds Mr. Srivastava.

      An Ecosystem Built for Excellence In addition to Recon, PHE Industries has a highly complementary ecosystem that allows end-to-end scope of service delivery: ●PHE Industries Pvt. Ltd.: Parent company that performs hydraulic reconditioning, AMC services, on-site support and the sale of genuine parts.

      ●Suyojan Precision Engineers LLP: A specialized partner focused on hydraulic design and system integration.

      ●PHE Institute of Hydraulics: Training division preparing India’s hydraulic workforce.

      This ecosystem allows PHE to provide end-to-end, scalable, and reliable hydraulic solutions under one brand.

      Setting the Standard with Global Partnerships PHE’s commitment to genuine quality is reflected in its long-standing partnerships with leading global component manufacturers. These include: ●Danfoss ●Linde ●Eaton ●Rexroth ●Parker ●Bondioli & Pavesi This rigorous quality discipline ensures that every PHE-rebuilt unit is built to outlast and outperform a key reason behind its long-term client retention.

      Future-Ready: The Next 25 Years As PHE celebrates its silver jubilee, it also lays out a bold roadmap for the future: ● Pan-India AMC network for uninterrupted hydraulic services ● Expansion into international markets (UAE, Africa) ● Deeper digital presence through Google profiling, podcast appearances, and leadership content ● Strategic partnerships in ports, marine, and defense sectors “India has the potential to lead the world in affordable, high-quality hydraulic reconditioning. PHE is ready to lead that charge,” says Mr Srivastava.

      About PHE Industries Pvt. Ltd.

      Established in 2000, PHE Industries Pvt. Ltd. is India's best hydraulic system solutions and service provider in high performance reconditioning, repairs and maintenance of hydraulic pumps, motors and valves. PHE has 25 years of proven trusted service, a national presence, and has unparalleled ability to deliver on its promise of providing quality products and service. PHE remains the supplier of choice to industries where performance, precision and progress are paramount.

      From reconditioning to readiness, PHE stands for trust, transparency, and transformation.

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

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