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    Union Government releases tax devolution of ₹1,09,019 crore to State Governments, as one advance instalment to accelerate their capital and deve...
    Raymond Lifestyle Limited Delivered a stable Q1 FY27 Performance
    Rupee rises 31 paise to 95.12 against US dollar in early trade
    Customs seizes 8 kg gold worth over Rs 11 cr at Kerala airports in one week
    Drill, Baby, Drill: India to fund Rs 650 cr per well for 60 deepsea wells to break its oil import habit
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    India-China trade through Shipli La resumes after six years
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    India and Rwanda Hold First Joint Trade Committee Meeting to Deepen Bilateral Trade and Investment Cooperation
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    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
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    August 3, 2026
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    Tax devolution advance instalment strengthens State finances for accelerated capital and developmental expenditure through distribution of Union tax proceeds.
    Tax devolution was released to State Governments as an additional advance instalment alongside the normal monthly devolution schedule. The fiscal transfer shares net proceeds of Union taxes and duties with States, with the stated purpose of strengthening State finances and supporting accelerated capital and developmental expenditure. The release includes a State-wise distribution of tax-devolution proceeds.
    August 3, 2026
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    Financial performance reporting highlights revenue and EBITDA growth, garmenting recovery, retail optimisation, ESG commitments, and forward-looking risk disclosures.
    Financial performance reflects growth in total income and EBITDA, with improved margin, reduced net working-capital days, and a net-cash position. Branded textiles and high-value cotton shirting reported lower revenue due to the prior-year base effect, while branded apparel grew but faced lower margin from channel mix. Garmenting improved through order-book execution, tariff rationalisation, and new global clients. ESG priorities include female representation, waste-management initiatives, renewable energy, emissions reduction, and workplace safety. Forward-looking statements remain subject to regulatory, political, economic, and technological risks.
    August 3, 2026
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    Foreign exchange market support strengthens the rupee as lower crude prices, portfolio inflows and reserve growth improve sentiment.
    Foreign exchange market conditions supported an early appreciation of the rupee against the US dollar, attributed to lower global crude oil prices, a weaker dollar, sustained foreign portfolio inflows, higher foreign exchange reserves, and Reserve Bank of India presence in the foreign exchange market. Domestic equity market gains and net foreign institutional equity purchases were also identified as supporting factors.
    August 2, 2026
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    Gold smuggling detection targets sophisticated concealment methods through strengthened passenger profiling, intelligence gathering and coordinated investigations into organised networks.
    Gold smuggling detection at Kerala airports led to multiple seizures, registration of cases and arrests in alleged smuggling attempts. Organised networks reportedly use gold in paste or compound forms concealed in clothing, body cavities, aircraft seats and other unconventional locations. Enforcement measures include strengthened passenger profiling, intelligence gathering and inter-agency coordination, while investigations continue to identify associated syndicates and financiers.
    August 2, 2026
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    Offshore exploration funding supports deepwater drilling, shared infrastructure and seismic data to strengthen domestic hydrocarbon production potential.
    The Samudra Manthan National Offshore Exploration Scheme provides direct budgetary support for high-risk deepwater and ultra-deepwater exploratory drilling, subject to cost-sharing and per-well limits. Support is available to eligible operators holding or securing exploration acreage. The scheme also funds offshore data acquisition and shared subsea, receipt and processing infrastructure through a Common Hub Infrastructure model. It is intended to promote risk exploration, improve commercialisation of offshore discoveries and strengthen domestic hydrocarbon production potential within the existing exploration and licensing framework.
    August 1, 2026
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    GST compliance enforcement combines taxpayer refunds, analytics-based fraud detection, cancellation of fake registrations, and recovery of outstanding VAT arrears.
    Punjab attributed increased GST collections to voluntary compliance, intelligence-based enforcement and technology-driven tax administration, while facilitating compliant taxpayers through timely GST refunds. Data analytics, risk profiling and field verification were used to identify tax evasion, bogus billing, fake input tax credit networks and misuse of the GST registration framework. Measures included penalties, cancellation of fraudulent registrations and recovery of long-pending VAT arrears through attachment and auction of defaulters' properties.
    August 1, 2026
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    Cross-border barter trade resumes through Shipki La, subject to permitted goods, time limits, and import-export compliance requirements.
    Cross-border barter trade through Shipki La between India and Tibet resumed after a six-year interruption. Traders may exchange specified goods under a barter arrangement and must return within 72 hours. Traders are required to comply strictly with import-export regulations prescribed by the Union Ministry of Commerce, emphasising transparency and regulatory compliance. Expansion of permitted goods may be pursued through prescribed governmental and external-affairs channels.
    August 1, 2026
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    Export growth projections outline pathways for Odisha to expand merchandise trade through export diversification, MSME support and financing initiatives.
    Export growth projections for Odisha set out base, optimistic and ambitious scenarios through FY 2029-30, based respectively on historical growth, envisaged national export growth, and a larger share of national exports. Odisha's export basket remains concentrated in metals and minerals, led by aluminium products, with China as the principal export destination. Odisha Vision 2047 identifies exports, including MSME contributions, as an economic transformation driver, while export-financing and risk-mitigation initiatives aim to address financing gaps for exporters and MSMEs.
    August 1, 2026
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    GST compliance enforcement through AI analytics supported sustained net GST collection growth despite rate rationalisation reforms and reduced compliance costs.
    GST revenue mobilisation in Andhra Pradesh showed year-on-year growth in net GST and total commercial tax collections through July 2026, despite rate-rationalisation reforms. Revenue growth was attributed to AI-based scrutiny and analytics, machine-learning risk scoring, AI-driven IGST reversals, UPI-based enforcement analytics, data sharing, predictive analytics, registration verification, and Aadhaar-integrated expansion of the professional-tax base. These measures were stated to strengthen compliance, curb wrongful input tax credit claims, broaden taxpayer coverage, and improve revenue mobilisation.
    August 1, 2026
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    Economic-offences fraud chargesheets address alleged fictitious loans, forged insurance surrender papers, and diversion of bank and policy funds.
    Economic-offences chargesheets were filed in separate alleged bank and insurance fraud matters. The bank investigation alleged fictitious loan sanctions and overdrafts beyond delegated authority, involving cheating, forgery, use of forged documents and criminal conspiracy. The insurance investigation alleged that duplicate policy records and forged surrender documents were used to open a fraudulent account in a policyholder's name and divert policy proceeds. Records, witness statements, documentary evidence and forensic examination were cited in support of the allegations.
    August 1, 2026
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    PM Vishwakarma Scheme implementation expands artisan enrolment, skills, credit, e-commerce access and export facilitation while addressing documentation barriers.
    PM Vishwakarma Scheme implementation in Delhi facilitated artisan enrolment, application processing, skill training, toolkit distribution, loan access, e-commerce onboarding and export-related support. Awareness workshops and tele-calling campaigns were used to promote participation and follow up on benefits. Key implementation challenges concerned outreach to informal clusters, digital literacy, delays in Aadhaar and IEC documentation, and additional support for Divyang artisans. Planned action includes expanding workshops, scaling e-commerce onboarding, strengthening export facilitation and coordination with implementing agencies.
    August 1, 2026
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    Goods and Services Tax collections rise on domestic consumption and imports, while elevated import revenue prompts assessment of underlying drivers.
    Goods and Services Tax collections for July increased over the corresponding prior-year period, supported by domestic sales and imports. Gross receipts included Central GST, State GST and Integrated GST, with net GST revenue calculated after adjusting refunds. For the April-July period, gross and net collections also increased. Commentary linked domestic GST growth to consumption, formalisation and industrial activity, while identifying elevated import GST collections as an area requiring assessment of import composition, currency effects and volumes.
    August 1, 2026
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    GST revenue collections show provisional gross, refund and net revenue trends, with State-wise settlement and domestic collection data.
    GST revenue collections for July 2026 are reported provisionally through gross domestic and import revenue, domestic and export-related refunds, and net GST revenue after refunds. The data also sets out SGST collections and the SGST share of IGST settled to States and Union Territories, both monthly and cumulatively. State-wise domestic GST growth excludes GST on imported goods, while jurisdiction-wise data allocates collections between central and State formations and identifies CGST, SGST and IGST components.
    August 1, 2026
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    Bilateral trade cooperation expands through a Joint Trade Committee covering investment, critical minerals, healthcare, digital technologies and market access.
    Bilateral trade and investment cooperation between India and Rwanda is to be advanced through a structured Joint Trade Committee mechanism for reviewing commerce, diversifying trade, promoting investment, facilitating business engagement and addressing market-access and logistical issues. Priority cooperation includes critical minerals, pharmaceuticals and healthcare, agriculture and agro-processing, standards harmonisation, digital public infrastructure, fintech, cybersecurity, green mobility and renewable energy. Investment focal points will support engagement, while capacity-building assistance and close monitoring of the Agreed Minutes are intended to support time-bound implementation.
    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.

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      'Insult to women, unacceptable': Oppn slams govt over women journalists' absence from Afghan FM presser

      October 11, 2025

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      New Delhi, Oct 11 (PTI) The opposition on Saturday termed the absence of female journalists from a press conference of visiting Afghan Foreign Minister Amir Khan Muttaqi “unacceptable” and “an insult to women”, and asked Prime Minister Narendra Modi to clarify his position on the matter.

      Congress general secretary Priyanka Gandhi Vadra said if the prime minister's recognition of women's rights isn't just convenient posturing from one election to the other, how has this "insult to some of India's most competent women been allowed in our country".

      The Congress said it was shocking and unacceptable that the government of India agreed to the "ban on female journalists" at the presser in Delhi.

      In a post on X, Congress general secretary in-charge communications, Jairam Ramesh, said, "(Tali)ban on female journalists in India. Shocking and unacceptable that the Govt of India agreed to it -- and that too in New Delhi on the eve of the International Day of the Girl Child." Priyanka Gandhi asked Modi to clarify his position on the absence of women journalists from Muttaqi's press conference, and described the incident as an "insult to some of India's most competent women".

      "Prime Minister @narendramodi ji, please clarify your position on the removal of female journalists from the press conference of the representative of the Taliban on his visit to India," she said on X.

      "If your recognition of women's rights isn't just convenient posturing from one election to the other, how has this insult to some of India's most competent women been allowed in our country, a country whose women are its backbone and its pride," Priyanka Gandhi said.

      The press conference addressed by Muttaqi on Friday saw participation restricted to a handful of reporters, while women journalists were conspicuous by their absence.

      Muttaqi held the interaction at the Afghan embassy in New Delhi, hours after holding wide-ranging talks with External Affairs Minister S Jaishankar.

      It is learnt that the decision on inviting journalists to the media interaction was taken by Taliban officials accompanying the foreign minister.

      People familiar with the matter said the Indian side suggested to the Afghan side that women journalists should be part of the invitees for the event.

      In a post on X, former home minister and senior Congress leader P Chidambaram said, "I am shocked that women journalists were excluded from the press conference addressed by Mr Amir Khan Muttaqi of Afghanistan." "In my personal view, the men journalists should have walked out when they found that their women colleagues were excluded (or not invited)," Chidambaram said.

      Trinamool Congress MP Mahua Moitra also slammed the government on the issue.

      "The government has dishonoured every single Indian woman by allowing the Taliban minister to exclude women journalists from his presser. Shameful bunch of spineless hypocrites," she said on X.

      Another Trinamool MP, Sagarika Ghose, claimed the Narendra Modi government again "reveals its failure to evolve a foreign policy in which engagement is separated from endorsement".

      "Women journalists being excluded from the #Taliban press conference in Delhi is UNACCEPTABLE and HATEFUL. This is not oh-so-smart 'geostrategic diplomacy', it is a surrender by the weak, failed Narendra Modi coalition government," she said on X.

      RJD MP Manoj Kumar Jha said that by not allowing women journalists to attend the press conference of the Taliban foreign minister, India has compromised its own moral and diplomatic standing.

      "This is not just a procedural lapse but a symbolic surrender of India's long-cherished commitment to equality, freedom of the press, and gender justice.

      "For a country that has prided itself on being the world's largest democracy and a champion of women's participation in every sphere, this incident is deeply disappointing and politically short-sighted," Jha said in a post on X.

      "It sends out the wrong message to Indian women and the global community that convenience has triumphed over conviction. Jai Hind," he added.

      Shiv Sena (UBT) MP Priyanka Chaturvedi said in an X post, "No women journalists invited for the presser (because of Taliban beliefs). The Bamiyan Buddhas (destroyed by Taliban) were the backdrop at the presser.

      "The messaging of the 'Emirates of Afghanistan' as recognised as of yesterday by the Indian government. Truly ironic," she said.

      Congress spokesperson Supriya Shrinate asked why did the Modi government agree to this "men-only" "Talibani diktat".

      "How weak are you @DrSJaishankar and @narendramodi," Shrinate asked.

      The Congress on its official X handle said women journalists were barred from Taliban Foreign Minister Muttaqi's press conference on Indian soil.

      "This is not just about one event. It reflects the utter disregard for women's dignity that has become normal under the Modi government. When the world looks to India, a democracy built on equality, what message are we sending by allowing such discrimination to take place here? "We demand answers from the Modi government. How can they let anyone disrespect women on our soil? Or is this the government's own vision for women's silence, exclusion, and submission?" "How weak are you, @DrSJaishankar and @narendramodi, that you cannot even defend the basic dignity of Indian women in your own country," the party asked.

      Congress MP Karti Chidambaram said, "I understand the geopolitical compulsions that force us to engage with the Taliban, but to accede to their discriminatory and plain primitive mores is outright ridiculous, it's very disappointing to note the conduct of the @MEAIndia and @DrSJaishankar in excluding women journalists from the press briefing of the Taliban Minister." The Taliban regime in Kabul has faced severe criticism from various countries as well as global bodies like the United Nations for restricting the rights of women in Afghanistan.

      On Friday, Muttaqi side-stepped a direct question on the plight of women in Afghanistan, but said every country has its own customs, laws and principles, and there should be respect for them.

      He claimed that the overall situation in Afghanistan has improved significantly since the Taliban came to power in August 2021.

      Muttaqi pointed out that some 200 to 400 people died in Afghanistan every day before the Taliban started ruling the country.

      "In these four years, there have been no such losses. Laws are in force and every one has their rights. Those who are engaging in propaganda are making a mistake," Muttaqi said.

      "Every country has its own customs, laws and principles, and works according to those. It is not correct that people are not given their rights. If people were not happy with the system and the laws, why has peace returned," he asked. PTI ASK ARI ARI

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