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    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
    Jharkhand signs pact with CSC eStore to make SHG products made by women available online
    APEDA Facilitates First-Ever Air Shipment of Karnataka's Neelam and Totapuri Mangoes to the Maldives
    Favara-UPI Cross-Border Payment Corridor Goes Live Between Maldives and India
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    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.
    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.
    July 31, 2026
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    Agricultural export facilitation expands market access for late-season mangoes through farmer aggregation and direct global market linkages.
    Agricultural export facilitation enabled an air shipment of late-season Neelam and Totapuri mangoes to an international market, expanding market access and extending the mango export season. Direct sourcing through a Farmer Producer Company supported organised aggregation, quality produce, and export-oriented supply chains. Direct procurement and export market linkages enabled participating farmers to realise higher returns than conventional market channels while promoting horticultural export diversification.
    July 31, 2026
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    Cross-border digital payment integration enables real-time Favara transfers from Maldives mobile banking applications to UPI-enabled accounts in India.
    Cross-border digital payment integration between Favara and UPI enables individuals in the Maldives to make real-time person-to-person transfers to UPI-enabled bank accounts in India through mobile banking applications. Transfers are initiated in Maldivian Rufiyaa and credited in Indian Rupees. The initial service is available through participating Maldivian banks. Permitted remittances include family-maintenance transfers under foreign inward and outward remittance categories, and gift-related transfers under foreign outward remittance. Future phases are intended to introduce QR-based merchant payments and other digital payment services.

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      Israeli troops press forward into Gaza City as more Palestinians flee and death toll passes 65,000

      September 18, 2025

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      Jerusalem, Sep 17 (AP) Israeli troops and tanks pushed deeper into Gaza City on Wednesday as more people fled the devastated area, and strikes cut off phone and internet services, making it harder for Palestinians to summon ambulances during the military's new offensive.

      Meanwhile, the Palestinian death toll in the Israel-Hamas war surpassed 65,000, local health officials said.

      The Israeli military said air force and artillery units have struck the city more than 150 times in the last few days, ahead of ground troops moving in. The strikes toppled high-rise towers in areas with densely populated tent camps. Israel claims the towers were being used by Hamas to watch troops.

      Regulators said the severed phone and internet services hindered the ability of Palestinians to call for help, coordinate evacuations or share details of the offensive that began Monday and aims to take full control of the city.

      Overnight strikes killed at least 16 people, including women and children, hospital officials reported. The death count in Gaza climbed to 65,062, according to Gaza's Health Ministry, which is part of the Hamas-run government. Another 1,65,697 Palestinians have been wounded since the October 7, 2023, attack by Hamas that triggered the war.

      The ministry does not say how many of the dead were civilians or militants. Its figures are seen as a reliable estimate by the UN and many independent experts.

      Israeli bombardment has destroyed vast areas of Gaza, displaced around 90 per cent of the population and caused a catastrophic humanitarian crisis, with experts saying Gaza City is experiencing famine.

      Palestinians streamed out of the city — some by car, others on foot. Israel opened another corridor south of Gaza City for two days beginning Wednesday to allow more people to evacuate.

      Israeli forces have carried out multiple large-scale raids into Gaza City over the course of the war, only to see militants regroup later. This time, Israel has pledged to take control of the entire city.

      More than half of the Palestinians killed in overnight Israeli strikes were in Gaza City, including a child and his mother who died in the Shati refugee camp, according to officials from Shifa Hospital, which received the casualties.

      In central Gaza, Al-Awda Hospital said an Israeli strike hit a house in the urban Nuseirat refugee camp, killing three, including a pregnant woman. Two parents and their child were also killed when a strike hit their tent in the Muwasi area west of the city of Khan Younis, said officials from Nasser Hospital, where the bodies were brought.

      In a statement, the Israeli military said it took steps to mitigate harm to civilians and that it would continue to operate against “terrorist organisations” in Gaza.

      The war in Gaza began when Hamas-led militants stormed into southern Israel in the 2023 attack, killing around 1,200 people, mostly civilians, and abducting 251 others. Forty-eight hostages remain in Gaza, with fewer than half believed to be alive.

      The Gaza Health Ministry said multiple Israeli strikes hit the Rantisi Hospital for children in Gaza City on Tuesday night. It posted pictures on Facebook showing the damaged roof, water tanks and rubble in a hospital hallway.

      The ministry said the strikes forced half of some 80 patients to flee the facility. About 40 patients, including four children in intensive care and eight premature babies, remained in the hospital with 30 medical workers, the ministry said.

      “This attack has once again shattered the illusion that hospitals or any place in Gaza are safe from Israel's genocide," said Fikr Shalltoot, Gaza director for the aid group Medical Aid for Palestinians.

      The Israeli military said it was looking into the strikes. In the past, it has accused Hamas of building military infrastructure inside civilian areas.

      The military's Arabic-language spokesman, Col. Avichay Adraee, wrote on social media that a new route opened for those heading south for two days starting at noon Wednesday.

      Many Palestinians in the north were cut off from the outside world. The Palestinian Telecommunications Regulatory Authority, based in the occupied West Bank, said Israeli strikes on the main network lines in northern Gaza had cut off internet and telephone services Wednesday morning. The Associated Press tried unsuccessfully to reach many people in Gaza City.

      The Israeli military said it was reviewing the incident and that it does not deliberately target public communication networks.

      An estimated 1 million Palestinians were living in the Gaza City region before warnings to evacuate began ahead of the offensive. The Israeli military estimates 350,000 people have left the city.

      Hamas senior official Ghazi Hamad made his first public appearance Wednesday following the Israeli strike on the militant group in Qatar earlier this month.

      Ghazi Hamad, a member of Hamas' political bureau, appeared in a live interview broadcast by the Qatari channel Al-Jazeera and accused the United States of being a bad mediator and siding with Israel.

      The Hamas negotiating team and consultants were reviewing a US ceasefire proposal when "less than an hour into the meeting, we heard the explosions," Hamad said.

      The strike killed five Hamas members and a local security official and infuriated Arab leaders.

      Also Wednesday, Qatar's Ministry of Foreign Affairs released a statement saying it condemned “in the strongest terms” Israel's ground offensive in Gaza. The ministry wrote on X that the operation marked an “extension of the war of genocide” against the Palestinians.

      A coalition of leading aid groups Wednesday urged the international community to take stronger measures to stop Israel's offensive on Gaza City. The action came a day after a commission of UN experts found Israel was committing genocide in the Palestinian enclave. Israel denies the allegation.

      “What we are witnessing in Gaza is not only an unprecedented humanitarian catastrophe, but what the UN Commission of Inquiry has now concluded is a genocide,” read the statement from the aid groups. “States must use every available political, economic and legal tool at their disposal to intervene. Rhetoric and half measures are not enough. This moment demands decisive action." The message was signed by leaders of over 20 aid organisations operating in Gaza, including the Norwegian Refugee Council, Anera and Save the Children.

      Israel's far-right finance minister said Gaza could be a “real estate bonanza” and that he is discussing with the Trump administration how to share the proceeds.

      Bezalel Smotrich, speaking at an urban-renewal conference in Tel Aviv, said a “business plan” has been submitted to US President Donald Trump.

      “We paid a lot of money for this war, so we need to divide how we make a percentage on the land marketing later in Gaza,” he said.

      “And now, no kidding, we've done the demolition phase, which is always the first phase of urban renewal. Now we need to build. It's much cheaper.” Smotrich, a key ally in Prime Minister Benjamin Netanyahu's governing coalition, wants to continue the war until Hamas is eradicated, relocate much of Gaza's population to other countries through what they refer to as “voluntary emigration” and rebuild Jewish settlements that were dismantled in 2005.

      Trump said in February he envisioned development in Gaza turning the region into the “Riviera of the Middle East.” (AP) SKY SKY

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