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    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
    Punjab GST revenue rises 20 pc to Rs 10,447 crore in April-July: Cheema
    India-China trade through Shipli La resumes after six years
    Odisha's export can reach USD 50 billion by FY 2029-30: Study
    Andhra records 21 per cent growth in net GST collections till July
    J&K crime branch chargesheets accused in separate bank, insurance fraud cases
    MCD-facilitated PM Vishwakarma Scheme enrols over 41,000 artisans in Delhi
    Gross GST mop-up grows 15.4 pc to over Rs 2.11 lakh cr in July on higher imports, sales
    Gross and Net GST revenue collections for the month of July, 2026
    India and Rwanda Hold First Joint Trade Committee Meeting to Deepen Bilateral Trade and Investment Cooperation
    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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    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
    Show AI Summary
    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
    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
    Show AI Summary
    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.

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      Dick Cheney, one of the most powerful, polarising vice presidents in US history, dies at 84

      November 4, 2025

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      Washington, Nov 4 (AP) Dick Cheney, the hard-charging conservative who became one of the most powerful and polarising vice presidents in US history and a leading advocate for the invasion of Iraq, has died at age 84.

      Cheney died on Monday night due to complications of pneumonia and cardiac and vascular disease, his family said in a statement.

      “For decades, Dick Cheney served our nation, including as White House Chief of Staff, Wyoming's Congressman, Secretary of Defence, and Vice President of the United States," the statement said. Dick Cheney was a great and good man who taught his children and grandchildren to love our country, and to live lives of courage, honour, love, kindness, and fly fishing. We are grateful beyond measure for all Dick Cheney did for our country. And we are blessed beyond measure to have loved and been loved by this noble giant of a man.” The quietly forceful Cheney served father and son presidents, leading the armed forces as defence chief during the Persian Gulf War under President George H.W. Bush before returning to public life as vice president under Bush's son George W. Bush.

      Cheney was, in effect, the chief operating officer of the younger Bush's presidency. He had a hand, often a commanding one, in implementing decisions most important to the president and some of surpassing interest to himself — all while living with decades of heart disease and, post-administration, a heart transplant. Cheney consistently defended the extraordinary tools of surveillance, detention and inquisition employed in response to the terrorist attacks of Sept. 11, 2001.

      Years after leaving office, he became a target of President Donald Trump, especially after his daughter Liz Cheney became the leading Republican critic and examiner of Trump's desperate attempts to stay in power after his election defeat and his actions in the Jan. 6, 2021, riot at the Capitol.

      “In our nation's 246-year history, there has never been an individual who was a greater threat to our republic than Donald Trump,” Cheney said in a television ad for his daughter. “He tried to steal the last election using lies and violence to keep himself in power after the voters had rejected him. He is a coward.” In a twist the Democrats of his era could never have imagined, Dick Cheney said last year he was voting for their candidate, Kamala Harris, for president against Trump.

      A survivor of five heart attacks, Cheney long thought he was living on borrowed time and declared in 2013 he now awoke each morning "with a smile on my face, thankful for the gift of another day,” an odd image for a figure who always seemed to be manning the ramparts.

      His vice presidency was defined by the age of terrorism. Cheney disclosed that he had had the wireless function of his defibrillator turned off years earlier out of fear that terrorists would remotely send his heart a fatal shock.

      In his time in office, the vice presidency was merely a ceremonial afterthought. Instead, Cheney made it a network of back channels from which to influence policy on Iraq, terrorism, presidential powers, energy and other cornerstones of a conservative agenda.

      Fixed with a seemingly permanent half-smile -- detractors called it a smirk -- Cheney joked about his outsize reputation as a stealthy manipulator.

      "Am I the evil genius in the corner that nobody ever sees come out of his hole?" he asked. "It's a nice way to operate, actually." A hard-liner on Iraq who was increasingly isolated as other hawks left government, Cheney proved wrong on point after point in the Iraq War, without ever losing the conviction that he was essentially right.

      He alleged links between the 2001 attacks against the United States and prewar Iraq that didn't exist. He said US troops would be welcomed as liberators; they weren't.

      He declared the Iraqi insurgency in its last throes in May 2005, back when 1,661 US service members had been killed, not even half the toll by war's end.

      For admirers, he kept the faith in a shaky time, resolute even as the nation turned against the war and the leaders waging it.

      But well into Bush's second term, Cheney's clout waned, checked by courts or shifting political realities.

      Courts ruled against efforts he championed to broaden presidential authority and accord special harsh treatment to suspected terrorists. His hawkish positions on Iran and North Korea were not fully embraced by Bush.

      Cheney operated much of the time from undisclosed locations in the months after the 2001 attacks, kept apart from Bush to ensure one or the other would survive any follow-up assault on the country's leadership.

      With Bush out of town on that fateful day, Cheney was a steady presence in the White House, at least until Secret Service agents lifted him off his feet and carried him away, in a scene the vice president later described to comical effect.

      From the beginning, Cheney and Bush struck an odd bargain, unspoken but well understood. Shelving any ambitions he might have had to succeed Bush, Cheney was accorded power comparable in some ways to the presidency itself.

      That bargain largely held up.

      "He is constituted in a way to be the ultimate No. 2 guy," Dave Gribbin, a friend who grew up with Cheney in Casper, Wyoming, and worked with him in Washington, once said. "He is congenitally discreet. He is remarkably loyal." As Cheney put it: "I made the decision when I signed on with the president that the only agenda I would have would be his agenda, that I was not going to be like most vice presidents — and that was angling, trying to figure out how I was going to be elected president when his term was over with.” His penchant for secrecy and backstage manoeuvring had a price. He came to be seen as a thin-skinned Machiavelli orchestrating a bungled response to criticism of the Iraq war. And when he shot a hunting companion in the torso, neck and face with an errant shotgun blast in 2006, he and his coterie were slow to disclose that extraordinary turn of events.

      The vice president called it "one of the worst days of my life.” The victim, his friend Harry Whittington, recovered and quickly forgave him. Comedians were relentless about it for months. Whittington died in 2023.

      When Bush began his presidential quest, he sought help from Cheney, a Washington insider who had retreated to the oil business. Cheney led the team to find a vice presidential candidate.

      Bush decided the best choice was the man picked to help with the choosing.

      Together, the pair faced a protracted 2000 post-election battle before they could claim victory. A series of recounts and court challenges — a tempest that brewed from Florida to the nation's highest court — left the nation in limbo for weeks.

      Cheney took charge of the presidential transition before victory was clear and helped give the administration a smooth launch despite the lost time. In the office, disputes among departments vying for a bigger piece of Bush's constrained budget came to his desk and often were settled there.

      On Capitol Hill, Cheney lobbied for the president's programs in halls he had walked as a deeply conservative member of Congress and the No. 2 Republican House leader.

      Jokes abounded about how Cheney was the real No. 1 in town; Bush didn't seem to mind and cracked a few himself. But such comments became less apt later in Bush's presidency as he clearly came into his own.

      Cheney retired to Jackson Hole, not far from where Liz Cheney, a few years later, bought a home, establishing Wyoming residency before she won his old House seat in 2016. The fates of father and daughter grew closer, too, as the Cheney family became one of Trump's favourite targets.

      Dick Cheney rallied to his daughter's defence in 2022 as she juggled her lead role on the committee investigating Jan. 6 with trying to get reelected in deeply conservative Wyoming.

      Liz Cheney's vote for Trump's impeachment after the insurrection earned her praise from many Democrats and political observers outside Congress. But that praise and her father's support didn't keep her from losing badly in the Republican primary, a dramatic fall after her quick rise to the No. 3 job in the House GOP leadership.

      Politics first lured Dick Cheney to Washington in 1968, when he was a congressional fellow. He became a protege of Rep. Donald Rumsfeld, R-Ill, serving under him in two agencies and in Gerald Ford's White House before he was elevated to chief of staff, the youngest ever, at age 34.

      Cheney held the post for 14 months, then returned to Casper, where he had been raised, and ran for the state's single congressional seat.

      In that first race for the House, Cheney suffered a mild heart attack, prompting him to crack that he was forming a group called "Cardiacs for Cheney." He still managed a decisive victory and went on to win five more terms.

      In 1989, Cheney became defence secretary under the first President Bush and led the Pentagon during the 1990-91 Persian Gulf War that drove Iraq's troops from Kuwait. Between the two Bush administrations, Cheney led Dallas-based Halliburton Corp., a large engineering and construction company for the oil industry.

      Cheney was born in Lincoln, Nebraska, the son of a longtime Agriculture Department worker. Senior class president and football co-captain in Casper, he went to Yale on a full scholarship for a year but left with failing grades.

      He moved back to Wyoming, eventually enrolled at the University of Wyoming and renewed a relationship with high school sweetheart Lynne Anne Vincent, marrying her in 1964. He is survived by his wife, by Liz and by a second daughter, Mary. (AP) SKS SKS

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