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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
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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
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    August 1, 2026
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    Excise duty increases on cigarettes pressured profitability, while calibrated pricing and FMCG growth supported market resilience.
    Excise duty increases on cigarettes affected consolidated profitability, prompting calibrated pricing and portfolio measures to protect market share and limit migration to illicit trade. The cigarette portfolio was re-architected across price points through value-accretive offerings and staggered pricing actions. Non-cigarette FMCG growth was supported by demand for packaged foods, dairy and personal-care products. Input-cost inflation was mitigated through inventory cover, commodity hedging and price-volume rebalancing amid crude-price volatility, supply-chain disruption and imported inflation concerns.
    July 31, 2026
    Show AI Summary
    One-Time Settlement Scheme offers final pre-GST tax dispute resolution relief before stricter recovery action against defaulters begins.
    The One-Time Settlement Scheme 2025 for pre-GST tax dues has been extended until September 30. Eligible taxpayers may resolve pending legacy tax disputes with full waiver of interest and penalties and slab-wise relief in principal tax. After the deadline, recovery action may be intensified under applicable tax laws and the Punjab Land Revenue Act, including property attachment, auction and freezing of bank accounts. The department also supports amicable settlement of tax disputes through the SAMADHAN initiative.
    July 31, 2026
    Show AI Summary
    Bilateral trade agreement implementation supports expanded trade, investment and strategic cooperation through technology, security, clean energy and community links.
    The India-UK Comprehensive Economic and Trade Agreement was identified as a framework for expanding bilateral trade and investment opportunities following its operationalisation. The two governments proposed closer cooperation to use the agreement for shared prosperity, while advancing their comprehensive strategic partnership through technology, innovation, defence, security, clean energy, education and people-to-people links.
    July 31, 2026
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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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      Flipkart Minutes Turns The Big Billion Days into India''s Fastest Shopping Festival with 10-minute Doorstep Delivery Starting at Midnight

      September 19, 2025

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      Bengaluru, Karnataka, India (NewsVoir) • Flipkart Minutes will bring The Big Billion Days 2025’s biggest deals to customers' doorsteps in 10 minutes across 19 cities and 3,000 pincodes • Early access and rewards for Flipkart Plus and Black members to enhance the festive experience • Unbeatable offers across grocery, mobiles, electronics, fruits & vegetables, beauty, personal care, and more • Access to fresh fruits and vegetables starting at Rs 9, delivering quality fresh produce to customers’ doorsteps • Regional festive selection with over 900 categories available at the best value • Homegrown lifestyle brands like Farmley, GOBOULT, boAt, Himalaya, Beardo, BellaVita, Ajmal, and premium global brands like Faces Canada, Lakme, Maybelline New York, Nivea and many more • Indulge your festive cravings with up to 50% off on gourmet favourites from brands like Akshayakalpa, 24 Mantra, Dairy Craft, Sleepy Owl, Organic India, Epigamia, and the likes • Get the best deals on Olive Oil, Coffee & Tea, Pulses & Millets with up to 50% off • From lipsticks at Rs 49 and up to 80% off on deodorants, perfumes, and soaps, to the festive hampers from D2C brands like Anand Sweets and Cadbury, among others • Some of the leading gourmet brands like Habanero, Samyang, WickedGud, Barilla, Monin syrups, Ceylon teas, and Raw Pressery juices, among several others will be available As Flipkart, India’s homegrown e-commerce marketplace, gears up for the 12th edition of its flagship shopping festival, The Big Billion Days 2025 (TBBD), Flipkart Minutes, its quick commerce offering, is set to enhance customer experience through 10-minute deliveries starting at midnight. With Flipkart Minutes, TBBD is ready to become the fastest shopping festival with millions of products, best deals, and convenience delivered across markets in just minutes. Through its presence across 19 cities and 3,000 pin codes, Flipkart Minutes will offer customers access to all TBBD great deals and offers across a broad range of categories, including mobiles, electronics, daily essentials, beauty, personal care, grocery, and many more.

      The Big Billion Days sale on Flipkart Minutes will go live with an unmatched festive assortment, operational 24 hours across cities for the entire duration of the event. Customers can look forward to blockbuster deals on the latest products and must-haves, all delivered in just 10 minutes. Tier 2+ markets such as Ambala, Guwahati, Jaipur, Lucknow, Kanpur, and Patna continue to be major growth drivers of festive adoption on Flipkart Minutes.

      Hemant Badri, Senior Vice President, Head of Flipkart Minutes, Supply Chain, Customer Experience & ReCommerce, Flipkart, said, "As consumers prepare to witness the magic of The Big Billion Days 2025, Flipkart Minutes is poised to redefine the experience of India’s biggest shopping festival. Within a year, Minutes has established itself as the fastest-growing quick commerce platform in the country, built on innovation, value, and selection being its core strengths. This festive season, we are bringing everything from blockbuster smartphones and electronics to local sweets and festive hampers to customers’ doorsteps in minutes. Our growing presence ensures that customers everywhere, not just in metros but also across Tier 2 and emerging markets, can access value and deals instantly. What makes this year significant is the opportunity to extend the promise of The Big Billion Days beyond scale and selection, into speed, making it possible for millions of households to celebrate without compromise. Our continued focus is on building a resilient and technology-led ecosystem that combines reliability with reach, shaping the future of quick commerce while reinforcing Flipkart’s commitment to serving diverse customer needs across India." What’s New on Flipkart Minutes This Big Billion Days Sale Early Access & Rewards • 24-hour early access for Flipkart Plus and Black members, offering visibility on blockbuster deals • New reward features such as Boost Up! (multiplying SuperCoin savings up to 10x) and Sale Price Live CoinBack Hour (up to 100% CoinBack in SuperCoins on eligible purchases) Smartphones • iPhone 17 will be available on Flipkart Minutes, alongside top smartphones such as Apple iPhone 16, Samsung Galaxy S24 5G, Motorola Edge 60 Fusion 5G, Apple iPhone 16 Pro, Samsung Galaxy S24 FE 5G, Oppo K13X, Realme P4 5G, Poco F7, Nothing CMF Phone 2 Pro, and Vivo T4x 5G • Real-time smartphone exchange on Flipkart Minutes, making it India’s first hyperlocal platform where customers can trade in their old devices and upgrade to new smartphones instantly during the sale Electronics and Gadgets • Wide array of electronics including Apple AirPods Pro (2nd Gen), boAt Aavante Bar 480, Samsung Fit 3, Redmi Move, Philips Multigroomer Trimmer, Samsung Galaxy Book 4, Fujifilm Instax Mini Film Rolls, Logitech Wireless Mouse, Ambrane MagSafe, Apple chargers, Philips Hair Straightener, and the Apple iPad A16 Beauty, Personal Care & Essentials • Unmatched festive offers such as up to 80% off on deodorants and perfumes, lipsticks from Rs 49, up to 70% off on shampoos and diapers, up to 50% off on whey proteins, sanitary pads from Rs 59, up to 80% off on dry fruits, olive oil, coffee and tea, pulses & millets up to 50% off • Homegrown brands like Himalaya, Beardo, BellaVita, Ajmal, and premium global brands like Faces Canada, Lakme, Maybelline New York, Nivea, among others Swadeshi Brands Celebrating the spirit of Bharat, the platform will feature a wide selection of beloved Swadeshi brands such as Chitale Bandhu, Bedekar, Suhana, Bikaji, Balaji, Chheda’s, Gowardhan, Priyagold, Rajdhani, Sunrise, Ananda, Paras, and more, bringing local flavours and festive favourites closer to customers, in just minutes Festive Gifting Specials • Over 900 categories will be available at best value with festive-only consumer packs from Cadbury, Anand Sweets, Chaknow by Anand, Haldirams, Bikaneri Basket, and DMB, bringing hyperlocal regional and artisanal festive products to consumers for the first time • Access to fresh fruits and vegetables starting at Rs 9, delivering quality fresh produce to customers’ doorsteps • Indulge your festive cravings with up to 50% off on gourmet favourites from brands like Akshayakalpa, 24 Mantra, Dairy Craft, Sleepy Owl, Organic India, Epigamia, and the likes • Assorted fruit boxes and regional festive selections, including sweets, dairy, bakery, and local favourites, bringing authentic festive flavours to doorsteps in minutes Emerging and D2C Brands to look out for • Some of the leading gourmet brands like Habanero, Samyang, WickedGud, Barilla, Monin syrups, Ceylon teas, and Raw Pressery juices, among several others will be available • D2C brand partnerships with Farmley, GOBOULT, boAt, Himalaya, Beardo, Yogabar, Cycle Agarbatti, Mamaearth, BellaVita, Ajmal, Faces Canada, Lakme, Maybelline New York, Nivea, and many more, offering consumers access to emerging and fast-growing brands About Flipkart The Flipkart Group is one of India’s leading digital commerce entities and includes group companies Flipkart, Myntra, Flipkart Wholesale, Cleartrip and super.money.

      Established in 2007, Flipkart has enabled millions of sellers, merchants, and small businesses to participate in India's digital commerce revolution. With a registered user base of more than 500 million, Flipkart's marketplace offers over 150 million products across 80+ categories. Today, there are over 1.4 million sellers on the platform, including Shopsy sellers. With a focus on empowering and delighting every Indian by delivering value through technology and innovation, Flipkart has created thousands of jobs in the ecosystem while empowering generations of entrepreneurs and MSMEs. Flipkart has pioneered services such as Cash on Delivery, No Cost EMI, Easy Returns, and UPI. These customer-centric innovations focus on enhancing digital payment offerings for all customers while making online shopping more accessible and affordable for millions of Indians.

      For more information, please write to [email protected].

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

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