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    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
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    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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    Closely monitoring: India on US bill seeking up to 100 % tariffs on purchasers of Russian oil
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    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.
    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.

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      Red Fort blast: Initial probe indicates 'accidental' detonation of explosives

      November 11, 2025

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      New Delhi, Nov 11 (PTI) Findings of the initial probe into the blast near the Red Fort suggest it may have been "accidentally triggered" while a hastily assembled explosive device was being transported, following the busting of an inter-state terror module, officials said on Tuesday.

      Investigators have zeroed in on a Pulwama-based doctor, Umar Nabi, who was driving the car used in the explosion that claimed 12 lives, and had alleged links to the terror module busted with the recovery of explosives mainly from neighbouring Faridabad in Haryana.

      On Tuesday, the Jammu and Kashmir Police took a DNA sample from Nabi's mother to establish the relation.

      "The suspect was likely spooked after the raid in Faridabad which forced him to relocate hastily, increasing the chance of a mishap. The incident appears to have shifted from a suspected suicide attack to an unintended explosion during transport," a senior police officer said.

      However, police are probing all angles, including suicide bomber attack, sources said.

      The officer said that intelligence teams' first assessment suggests the improvised explosive device (IED) was assembled incorrectly, which limited its destructive effect.

      "The bomb was premature and not fully developed, thus limiting the impact. The explosion did not create a crater and no shrapnel or projectiles were found," he added.

      The Red Fort blast on a busy Monday evening came hours after eight people, including three doctors, were arrested and 2,900 kg of explosives seized with the uncovering of a "white collar" terror module involving the Jaish-e-Mohammed and Ansar Ghazwat-ul-Hind and spanning Kashmir, Haryana and Uttar Pradesh.

      Meanwhile, the Delhi Forensic Science Laboratory has collected 40 samples from the blast site, which include mangled remains of the vehicle and human body parts, and these will be analysed for chemical traces. The laboratory has constituted a special team for analysis of samples, sources said.

      The Delhi Police's FIR called the explosion "a bomb blast" as it invoked sections pertaining to conspiracy and punishment for a terror attack under the Unlawful Activities (Prevention) Act, officials said.

      Initially, it was claimed that three people were in the car during the blast. However, it is now clear that only Nabi, who was on the run after the busting of the terror module, was driving the i20 car when the blast took place.

      According to the police's investigation, it has also emerged that Nabi waited in the Sunehri Masjid parking lot for nearly three hours while searching on the internet about updates regarding his associates' arrest in Faridabad. The investigators have managed to establish an 11-hour trail of Nabi's vehicle.

      He proceeded on Chhata Rail Chowk road near the Red Fort, then took a U-turn. The blast took place a few metres before the Red Fort police post, according to officials privy to the probe.

      The car passed through multiple owners before being repurchased by Nabi on October 29. Its pollution under control (PUC) certificate was updated on the same day.

      The multiple ownership of the car creates suspicion that this was part of the well-planned conspiracy.

      The blast probe has been handed over to the National Investigation Agency (NIA), a decision taken after a review meeting chaired by Union Home Minister Amit Shah.

      Among those arrested on Monday were Dr Muzammil Ganaie and Dr Shaheen Sayeed, both connected to the Al-Falah University in Faridabad, from where 360 kg of ammonium nitrate was recovered.

      According to investigators, Shaheen was leading the Jaish-e-Mohammed's women recruitment wing in India. She headed the Jamaat-ul-Mominat, the group's female wing.

      Nabi, whose name has emerged as the main Delhi blast suspect, hailed from Lethpora in south Kashmir's Pulwama district and was allegedly carrying explosives, possibly ammonium nitrate, in the car, they said.

      A Delhi Police team visited the Al-Falah University in Faridabad and detained five to six people for questioning.

      Police sources said the teams are checking CCTV cameras of the university to know more about the activities of the accused in the days leading up to the busting of the module.

      Even as the police probe widened in the matter, an unsettling silence prevailed in the area near the Red Fort as police and FSL teams still remained at work in collecting evidence and remains of bodies from the blast site and its vicinity.

      According to the FIR, the impact of the blast was such that the car was propelled several feet above the ground and the wall and the roof of the police chowki was damaged. Some body parts were even found in the car.

      While no terror organisation has claimed responsibility behind the attack, investigators suspect the involvement of Jaish-e-Mohammed behind it even though they are also probing the involvement of other terror outfits.

      Preliminary findings suggest ammonium nitrate, fuel oil and detonators may have been used in the blast that ripped through the slow moving car near a traffic signal.

      As investigations into the blast and the terror module continue, officials said a man named Tariq from south Kashmir's Pulwama district had given the i20 car to Nabi, and is now under arrest.

      Teams from Delhi Police, NIA and intelligence agencies have fanned out across Delhi and Kashmir. Four people have been detained in the raids in Kashmir. Of the four, two have been shifted for joint interrogation for their role in the Delhi blast as well as the inter-state terror module.

      Several raids were also conducted at multiple locations in Delhi. The national capital has been placed on high alert with strict vigil being maintained at the airport, railway stations and bus terminals.

      Hours before the blast, a social media post, titled 'Is something going on in Delhi?', was shared on Reddit. The user claimed that he noticed an unusually large presence of police and army personnel while crossing the area earlier that day.

      Following the blast, security across the national capital has been intensified.

      All vehicles entering Delhi, whether private or commercial, were being thoroughly checked and verified as part of heightened security measures, officials said.

      An overnight search operation was conducted at hotels and guest houses in Daryaganj and Paharganj areas to trace possible suspects.

      The Red Fort metro station has been closed for commuters and traffic restrictions imposed in the area.

      Of 12 people who died in the blast, seven have been identified till now. One mutilated body was recovered from the mangled remains of the car, officials said. PTI BM SSJ SGV NSM SHB SLB VIT BUN KVK KVK

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