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    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
    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
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    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
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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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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.

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      Gen Z Heroes: India’s Most Inspiring Young Activist, Writer and Innovator of 2025

      November 14, 2025

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      This Children’s Day, meet India’s most inspiring Gen Z changemakers - Manya Harsha, the eco-warrior; Manikya Sanghi, the mindful author; and Archit Patil, the teen innovator saving mothers’ lives.They truly represent the unstoppable spirit of India’s youth who are using their passion and purpose to build a better tomorrow. Their stories remind us that the future belongs to those who dare to dream big, act fearlessly, and inspire others along the way. MANYA HARSHA - The Gen Z Climate Warrior Turning Waste into Wonders At just 15, Manya Harsha from Bengaluru stands tall as one of India’s most inspiring Gen Z EcoHeroes, proving that age is no barrier to changing the world. Her innovative projects have redefined sustainability and inspired thousands of young minds to act for the planet.

      Manya is the visionary behind Grandma’s Green Weave, an initiative that transforms discarded sarees and bedspreads into beautiful, reusable eco-bags. By upcycling over 2,200 sarees and 230 bedspreads into 28,000 sustainable bags, she not only prevented more than 1.2 tons of textile waste but also empowered local tailors honoring her late grandmother’s eco-conscious spirit. Through her workshops, she has influenced over 25,000 participants, spreading climate awareness and sustainable living practices.

      During the lockdown, Manya turned adversity into innovation with her breakthrough DIY Vegetable Peel Paper. Using onion skins, corn husks, and pea pods, she created vibrant handmade paper that replaces tree-based paper, saving countless trees. Her creativity extended further when she began turning festival waste into paper and packaging wrappers into school stationery like eco-friendly brown-paper pens and seed pencils.

      Through her Back-to-School Workshops, Manya teaches children to make seed pencils and plantable stationery, ensuring sustainability begins at the school desk. As an author of nine nature-themed books and editor of the Sunshine Fortnightly environmental magazine, she continues to promote climate literacy and youth climate action.

      Guided by Swami Vivekananda’s words - “Youth are the pulse of the planet”, Manya Harsha embodies the voice of a generation determined to heal the Earth. Her message is clear and urgent: “The Earth is not for sale. We are the generation that will restore it.” MANIKYA SANGHI - 17 Year Old Bestselling Author, Polymath, and Meditation Practitioner At just 17, Manikya Sanghi is more than a best-selling teenage author—he is an internationally award winning polymath, philatelist, philanthropist and a visionary creator building a literary universe that blends epic fiction, life-skills education, and wisdom gained through meditation. Through his acclaimed Chronicles of Tierra series, award-winning novels, and over 21 books including innovative comics like City Without Water, Manikya’s storytelling goes beyond entertainment to empower and inspire readers of all ages.

      A dedicated meditation practitioner since early childhood, Manikya published his first book at just five and began conceiving Chronicles of Tierra during an advanced meditation session soon after his ninth birthday in 2017. What began as vivid stories in his mind evolved into Wizard (of Sansanadia)—the first novel of the saga—followed by Resurrection, Awakening, and more. His books are available globally across platforms including Pothi, Scholastic, Amazon, Flipkart, and Google Books.

      Manikya credits his creativity, focus, and academic excellence to the daily practice of Sidhshakti Meditations under the guidance of his honourable mentor, and world renowned Spiritual Scientist Sri Maa Sidh Sidhshakti Ji. Allowed on the basis of his solid inner progress at age nine, to advanced practices like Bright Future Meditation and Astral Travel Meditation, he believes these techniques have been the foundation of his clarity in life.

      Meditation, he says, is the silent force behind his transformation from a gifted child author into a polymath and conscious creator. It fuels his purpose—to use storytelling as a medium for upliftment, compassion, and self-realization.

      Through story telling and his other endeavours, Manikya proves that with the right guidance, positive lifestyle, and inner discipline, children can truly unfold their highest potential—and inspire the world through their actions rooted in awareness. You can follow him on Instagram @manikya.official ARCHIT PATIL - The Teen Innovator Revolutionizing Maternal Healthcare with His Life-Saving PPH Cup Archit Patil is a Gen Z hero whose empathy and ingenuity have translated into a life saving medical device for new mothers. Growing up with doctor parents who worked as a gynaecologist and an anaesthesiologist, Archit often accompanied them to the hospital and witnessed both surgical triumphs and the devastation of maternal deaths. That early exposure sparked his curiosity about postpartum haemorrhage and the glaring lack of a reliable method to measure blood loss during childbirth. Motivated to solve this critical gap, he conceived and developed the PPH cup, a device designed to provide precise, real time measurement of post delivery blood loss and to enable timely clinical intervention.

      The idea originated in grade six while working on a science project when he studied menstrual cups and repurposed a spare cup into a prototype using a metal mold. He refined the design with feedback from obstetricians in his parents’ network and subjected the device to safety and toxicity testing at the Indian Drugs Research Laboratory in Pune in March 2020. Made from medical grade silicone, the cup features two ports, one for attaching a blood collection bag and another for suction to remove clots, allowing clinicians to prevent atonic postpartum haemorrhage by maintaining an unobstructed drainage system. The device is reusable after autoclaving and has been adopted by more than fifty hospitals across India, where it is credited with saving mothers’ lives.

      Archit’s work earned him the Pradhan Mantri Rashtriya Bal Puraskar in 2021. He epitomises Gen Z leadership by combining compassion with technical creativity, by tackling a real world healthcare challenge, and by creating an affordable, scalable solution that protects lives.

      As we celebrate these Gen Z Heroes of India, it’s clear that the future is already taking shape in the minds and actions of our youngest changemakers. From eco-warrior Manya Harsha leading a sustainability revolution, to bestselling teenage author Manikya Sanghi inspiring readers through mindful storytelling, and teen innovator Archit Patil transforming healthcare with his life-saving PPH Cup, these young visionaries are redefining what it means to create, lead, and care in the 21st century. Their journeys remind us that India’s youth are not just the leaders of tomorrow. They are the innovators, activists, and creators shaping today. As the world watches this new wave of Gen Z innovation and compassion, one thing is certain: these young icons are building a brighter, greener, and more conscious future for all.

      (Note: This Children’s Day, 2025 The Update India and its partner platforms proudly recognise these extraordinary Gen Z achievers who have been selected after a careful evaluation of their authentic impact, social contribution, innovation, consistency of work, and the positive influence they create among young Indians. Manya Harsha, Manikya Sanghi, and Archit Patil were chosen because their contributions are not symbolic but deeply transformational. Each of them has demonstrated measurable change in their respective fields through dedication, originality, and a genuine desire to serve society. Whether it is sustainability, literature, personal development, or life-saving healthcare innovation, these young leaders embody the values that define India’s future. Their journeys prove that when passion meets purpose, age becomes irrelevant and the youth of India can lead the world with empathy, brilliance, and unstoppable determination.) (Disclaimer: The above press release comes to you under an arrangement with NRDPL and PTI takes no editorial responsibility for the same.). PTI PWR

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