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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
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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
    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
    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.

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      The dowry trap: Noida's Nikki Bhati only the latest in an endless list

      August 27, 2025

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      New Delhi, Aug 26 (PTI) The spectre of dowry has returned to the national centrestage with the horrific death of 26-year-old Nikki Bhati, highlighting once again the age-old trap of patriarchal control, societal norms and weak law enforcement that millions of women are caught in.

      Every day, somewhere in the country, 20 women die because their families have been unable to satisfy dowry demands, according to the National Crime Records Bureau (NCRB). Nikki Bhati was one of them, a statistic and so much more than that.

      Nikki was allegedly set ablaze in Greater Noida’s Sirsa village on August 21, purported videos of her assault by her husband and then of her in flames shaking the collective conscience. Her family - which got Nikki and her sister married to two brothers - said they gifted her in-laws a Scorpio, a motorcycle and gold during the wedding in 2016. But there was no satiating the demand and they were later presented with a fresh demand of Rs 36 lakh and a luxury car.

      "I recently attended a wedding in Noida and it was horrifying. I saw luxury cars -- Fortuners, Mercedes -- being openly gifted as dowry. Politicians were there, celebrating. I couldn’t tolerate witnessing such glorification of dowry and left,” women’s rights activist Yogita Bhayana told PTI.

      "Even in Nikki's case, I was on a channel where her father was also a panellist. Despite what they’re facing now, during the debate he repeatedly emphasised that he had given a top-model SUV to his son-in-law. This only shows how normalised dowry is, even among those grieving," she said.

      That Nikki, who ran a beauty salon with her sister and had a presence on social media, reached out to her family for help, a panchayat had to sit to deliberate the issue more than once and she was still sent back only underscores how interwoven the custom of dowry is in societal fabric.

      Dowry not only persists but remains rampant in many parts of India, where, instead of being condemned, it is often glorified by both the groom’s and bride’s families, Bhayana pointed out.

      And horrifying though her death is, Nikki, who got married when she was just 17, is not the only one.

      Dowry, outlawed in India since 1961, continues to be the grim societal reality where the bride's family is expected to gift cash, clothes and jewellery to the groom's family. And if they don’t, harassment, torture and death, often by burning, is the grim escalating trajectory for many women.

      The investigation into Nikki’s death throws up new evidence each day, indicating a possible shift from the initial findings that she was set on fire by her husband Vipin and his family. All the accused -- husband Vipin Bhati, mother-in-law Daya, father-in-law Satveer Bhati, brother-in-law Rohit Bhati - are under arrest.

      Was she killed or did she kill herself? It matters little. The fact is that she was one more victim of dowry and relentless harassment that lasted nine years, pushing her to a gruesome, untimely death.

      A day after Nikki's death in a village on the outskirts of India’s national capital, Sanju Bishnoi, a school teacher, allegedly set herself and her daughter on fire in Jodhpur, Rajasthan, so tormented by dowry demands that she sat her three-year-old down on her lap, poured inflammable liquid over them and lit up.

      The child died instantly while Sanju succumbed to her injuries the following day during treatment.

      "Despite women now holding high-paying jobs, they are still treated as dependents, with dowry fulfilling a need to satisfy male ego. When this control feels threatened, it can escalate to abuse and even violence, often carried out with little regard for consequences," explained Dr Shweta Sharma, founder of Mansa Global Foundation for Mental Health.

      Digging deeper, the psychologist explained that dowry has evolved into a tool for "reinforcing patriarchal control" and a symbol of the girl being a liability with her parents expected to fulfill the so called obligation.

      A study by Jeffrey Weaver of University of Southern California and Gaurav Chiplunkar of University of Virginia that examined more than 74,000 marriages in India between 1930 and 1999 found that 90 per cent involved dowry. Besides, payments between 1950 and 1999 amounted to a staggering quarter of a trillion dollars.

      Bhayana added that male entitlement coupled with the conditioning that asks women to “endure and stay silent” leads to the practice being perpetuated.

      She stressed that the victims’ parents should not be completely absolved of blame "We often portray parents of victims solely as victims themselves, but sometimes, they also enable these situations. Nikki, too, must have expressed distress multiple times. Still, the parents sent her back -- fearing society's judgment, choosing image over her safety. And we all know this wasn’t the first time she was beaten... Her death wasn’t an isolated crime. It was systemic," she added.

      Bhayana called for social change, strict enforcement of laws and meaningful awareness campaigns rather than self-glorifying government posters.

      Dowry and the expectation of it is not confined to any one bracket. It cuts across castes and classes, not just pan India but all pervasive.

      The stories are endless, some which make big news, others that barely make it to the papers and those that are never reported.

      In Khargone, Madhya Pradesh, a 23-year-old married six months ago was reportedly hospitalised with burn injuries. She alleged that her husband branded her with a heated knife over dowry demands. Police has registered a case.

      And the question is - will this woman, whose case made it to a few paras in a newspaper, ever get justice.

      Addressing the “low conviction rate” in dowry cases, lawyer Seema Kushwaha said dowry demands have evolved over time, with the groom's families often claiming that the items given were mere “gifts, not demands" and using this as a legal defense to dismiss allegations.

      "This common tactic significantly weakens the woman's case in court," said the Supreme Court lawyer, adding that the spread of narratives emphasizing the few cases of women misusing Section 498A of the Indian Penal Code -- the stringent anti-dowry law -- undermines the cases of the larger group of genuine victims.

      Section 498A was introduced in 1983 after a spate of dowry deaths in Delhi and elsewhere in the country.

      Kushwaha emphasised the urgent need to nip the problem in the bud, asking why acts like "a husband slapping his wife or in-laws blaming her family for trivial matters soon after marriage" often do not lead to an FIR.

      "Courts often interpret cruelty based on societal norms rather than strictly following codified law. They require medical reports or visible bruises to confirm cruelty, which unfairly disadvantages victims of mental and emotional abuse that leaves no physical marks," she said.

      According to the National Crime Records Bureau (NCRB), 35,493 brides were killed in India between 2017 and 2022 -- averaging nearly 20 deaths a day -- over dowry demands, sometimes occurring even years after the wedding. PTI MG MIN MIN MIN

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