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    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
    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
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    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.
    July 31, 2026
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    One-Time Settlement Scheme offers final pre-GST tax dispute resolution relief before stricter recovery action against defaulters begins.
    The One-Time Settlement Scheme 2025 for pre-GST tax dues has been extended until September 30. Eligible taxpayers may resolve pending legacy tax disputes with full waiver of interest and penalties and slab-wise relief in principal tax. After the deadline, recovery action may be intensified under applicable tax laws and the Punjab Land Revenue Act, including property attachment, auction and freezing of bank accounts. The department also supports amicable settlement of tax disputes through the SAMADHAN initiative.
    July 31, 2026
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    Bilateral trade agreement implementation supports expanded trade, investment and strategic cooperation through technology, security, clean energy and community links.
    The India-UK Comprehensive Economic and Trade Agreement was identified as a framework for expanding bilateral trade and investment opportunities following its operationalisation. The two governments proposed closer cooperation to use the agreement for shared prosperity, while advancing their comprehensive strategic partnership through technology, innovation, defence, security, clean energy, education and people-to-people links.
    July 31, 2026
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    Sectoral bank credit growth reflects broad-based expansion across industry, services, agriculture and personal loans, with slower credit-card growth.
    Sectoral bank credit growth accelerated across non-food lending, agriculture, industry, services and personal loans. Industrial credit expanded across micro and small, medium and large enterprises, with strong lending to infrastructure, engineering, food processing, textiles, construction, metals, petroleum-related products and chemical products. Services lending was supported by non-banking financial companies, commercial real estate and trade. Vehicle and housing loans maintained double-digit growth, while credit-card outstanding growth decelerated.
    July 31, 2026
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    Biometric identification of protesters through alleged fingerprint-Aadhaar linkage was described alongside criminal-background profiling and database creation.
    Biometric identification of protesters through fingerprints recovered from alleged stone-pelting evidence was publicly described as a proposed investigative method. A minister stated that fingerprints allegedly found on stones would be linked with Aadhaar numbers to identify participants and examine their prior records. The account also referred to analysis and categorisation of detained protesters' criminal backgrounds, creation of a separate database, and proposed action against participants described as anti-social elements or persons with criminal records.
    July 31, 2026
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    Offshore hydrocarbon exploration support funds high-risk deepwater drilling, shared infrastructure and data acquisition to strengthen domestic energy production.
    The National Offshore Exploration Scheme provides public support for deepwater and ultra-deepwater oil and gas exploration, including seismic and offshore data acquisition, exploratory drilling in frontier basins, and common production and evacuation infrastructure. It addresses the high cost and geological uncertainty of offshore drilling and includes technology adoption, digital programme management, capacity building and collaboration measures. The scheme seeks to expand domestic hydrocarbon discoveries and production, attract investment across the exploration and production value chain, and reduce reliance on imported oil and gas.
    July 31, 2026
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    Foreign exchange reserves increased as foreign currency assets and gold holdings rose, alongside measures to attract forex inflows.
    India's foreign exchange reserves increased during the reporting week, principally because foreign currency assets and gold reserves rose. Foreign currency assets, expressed in United States dollar terms, include valuation effects from movements in currencies such as the euro, pound and yen. Special Drawing Rights and the reserve position with the International Monetary Fund declined. Measures including the FCNR(B) measure were reported as efforts to attract foreign-exchange inflows following rupee pressure and dollar-sales intervention.

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      TANAKA to Showcase Advanced Semiconductor Materials in its Inaugural Participation at SEMICON India 2025

      August 27, 2025

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      Highlights its diverse product portfolio and advanced technologies, including both precious and base metals, to support the evolving needs of India's semiconductor industry. TANAKA PRECIOUS METAL GROUP Co., Ltd. New Delhi [India], August 26: TANAKA PRECIOUS METAL TECHNOLOGIES Co., Ltd. (Head Office: Chuo-ku, Tokyo; Representative Director & CEO: Koichiro Tanaka), a company engaged in the industrial precious metals business of TANAKA, and TANAKA ELECTRONICS Co., Ltd. (Head Office: Kanzaki-gun, Saga Prefecture; CEO: Toshiya Yamamoto), will exhibit for the first time at SEMICON India 2025 one of the largest international exhibitions in the semiconductor sector, to be held in New Delhi, India, from 2nd to 4th Sept 2025. At the exhibition, we will introduce a comprehensive range of precious metal-based advanced materials and solutions designed for next-generation semiconductors, power devices, and precious metal recycling, supporting the realization of a circular economy. TANAKA Deepens Commitment to India’s Semiconductor Future TANAKA strengthened its presence in India with the establishment of TANAKA Kikinzoku Kogyo (India) Ltd. in Mumbai in 2019, serving as a strategic hub for India, the Middle East, and African markets. Currently, our Mumbai base is our core business, focusing on sales and market research. As India accelerates its semiconductor focus, TANAKA is proud to support this growth with globally trusted precious metal technologies and decades of materials expertise. With a legacy in packaging materials dating back to the 1960s, we are proud to be a leading semiconductor materials company. At SEMICON India 2025, we will showcase our advanced materials—including bonding wires, silver pastes, and precision probe pins—engineered to support the growing demands of India’s advanced packaging and testing ecosystem. As we grow alongside India’s semiconductor ambitions, we plan to extend our support to front-end manufacturing by introducing sputtering targets engineered for high-purity, uniform thin film deposition—critical for consistent device performance. TANAKA provides proprietary recycling technologies and a comprehensive one-stop solution spanning procurement, processing, manufacturing, sales, and recycling. Built on procurement channels, advanced expertise, product development, research capabilities, and a global network cultivated since our founding, we ensure efficient resource recovery and enhance supply chain resilience. Through this integrated approach, TANAKA advances the circular economy and, as a long-term partner, is committed to supporting next-generation semiconductor manufacturing and contributing to the sustainable growth of industry. Main Exhibited Products The main products on display will include silver (Ag) sintering paste for bonding semiconductor chips to lead frames or organic substrates, as well as bonding wires made from gold (Au), copper (Cu), and aluminum (Al) for establishing electrical connections between semiconductor chips and external electrodes. Also, featured will be probe pins used in semiconductor testing equipment, targets and deposition materials for dry film formation processes, and precious metal recovery and refining technologies that contribute to the development of a sustainable society. Bonding wires TANAKA's various bonding wire products We provide bonding wire and ribbons, such as ultra-fine wires (10-38µm) made of gold (Au), silver (Ag), copper (Cu), and aluminum (Al) as connection materials for electrical signals, as well as thick wires (100-500µm) for power devices. These bonding wires feature smooth, clean surfaces and excellent dimensional stability, and are provided as part of an integrated solution that includes our extensive expertise in metal bonding. Silver (Ag) sintering paste TANAKA's conductive die bond adhesive Silver (Ag) sintering paste Conductive die bond adhesive silver (Ag) sintering paste is compatible with silicon (Si) for power device applications, as well as next-generation semiconductors such as silicon carbide (SiC) and gallium nitride (GaN). The product lineup includes a hybrid bonding type that offers both high thermal conductivity and exceptional reliability, along with a sintering type featuring thermal conductivity exceeding 200 W/m·K. Sputtering target TANAKA's sputtering target products We offer a wide range of sputtering target products for hard disk drives, semiconductors, and quartz devices. With over 140 years of expertise in precious metal sourcing and high-purity refining, we ensure stable supply and high performance. Our strengths include advanced purification and alloying, strict compliance in raw material procurement, flexible delivery, and comprehensive technical support. We also actively pursue R&D to meet the evolving needs of our customers. - Probe Pin Materials TANAKA's Probe Pin materials for use in semiconductor testing equipment TANAKA provides high-conductivity, wear-resistant probe pin materials designed for micro-pitch testing, with support for customized specifications. As performance requirements vary by application—ranging from mechanical properties such as hardness and flexibility to electrical properties such as resistivity—we offer a broad lineup of materials including palladium alloys, copper alloys, iridium, and rhodium. In recent years, demand has increased for greater hardness to reduce wear at the plunger tip of Pogopin. While the maximum hardness of palladium alloys available in the market has conventionally been around 560 HV, through our proprietary technology we have successfully developed a new material, “TK-SK,” that achieves a hardness of 640 HV. - Precious metal recycling TANAKA's one-stop service to realize sustainable semiconductor industry TANAKA have developed precious metal recovery and refining services, providing a one-stop recycling solution from collection and refining to remanufacturing, built on a foundation of trust, confidence, and advanced technology. We are committed to the efficient recycling of rare and valuable resources such a precious metal, and TANAKA actively contributes to the realization of a sustainable society. Exhibition Overview – SEMICON India 2025 - Exhibition Name: SEMICON India 2025 - Dates: September 2 (Tue) – 4 (Thu), 2025 | 9:00 AM – 5:00 PM (local time in India) - Venue: Yashobhoomi (IICC), New Delhi, India - Booth Number: 469 - Main Exhibits: Bonding wires, Ag sintering paste, sputtering targets & deposition materials, probe pins, precious metal recycling & refining For more details on TANAKA products for semiconductor industry, please refer to the URLs below: - Semiconductor Fabrication and TANAKA https://tanaka-preciousmetals.com/en/solution/main-product/product07/ About TANAKA ELECTRONICS Co., Ltd., Head office: 2303-15, Yoshida, Yoshinogari-cho, Kanzaki-gun, Saga Established: 1961 CEO: Toshiya Yamamoto Capital: JPY 1,880 million Sales: JPY 29,780,383,000 (FY2024) Employees: 871 (including overseas subsidiaries) (December 31, 2024) Main businesses: Manufacturing of high-purity bonding wires About TANAKA Since its foundation in 1885, TANAKA has built a portfolio of products to support a diversified range of business uses focused on precious metals. TANAKA is a leader in Japan regarding the volume of precious metals it handles. Over many years, TANAKA has manufactured and sold precious metal products for industry and provided precious metals in such forms as jewelry and assets. As precious metals specialists, all Group companies in Japan and worldwide collaborate on manufacturing, sales, and technology development to offer a full range of products and services. With 5,591 employees, the group’s consolidated net sales for the fiscal year ended December 2024 were 846.9 billion yen. TANAKA Industrial Precious Metal Materials Portal https://tanaka-preciousmetals.com Product inquiries TANAKA PRECIOUS METAL TECHNOLOGIES Co., Ltd. https://tanaka-preciousmetals.com/en/inquiries-on-industrial-products/ Press inquiries TANAKA PRECIOUS METAL GROUP Co., Ltd. https://tanaka-preciousmetals.com/en/inquiries-for-media/ (Disclaimer: The above press release comes to you under an arrangement with PNN and PTI takes no editorial responsibility for the same.). PTI

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