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    All Indian exports of dual-use items comply with international obligations: MEA
    PM Modi to inaugurate Bhogapuram Airport in Andhra on Aug 1
    HIGHLIGHTS
    Closely monitoring: India on US bill seeking up to 100 % tariffs on purchasers of Russian oil
    Delhi HC seeks ED stand on Nayan Raheja's plea against money laundering case
    Rupee appreciates 7 paise to close at 95.43 against US dollar
    PM Modi, UK PM Burnham commit to harnessing full potential of mega trade deal
    ITC Q1 profit declines 15.6 pc to Rs 4,508.79 cr; non-cigarette FMCG posts robust growth
    Punjab extends deadline of one-time scheme for settling tax dues of pre-GST period till Sept 30
    PM Modi speaks to UK counterpart Burnham
    Bank credit to industry records robust growth of 19.2 pc in June: RBI data
    Delhi protesters' fingerprints collected from stones for identification via Aadhaar: BJP minister
    Cabinet approves Rs 84,084-cr offshore exploration scheme; govt to fund up to Rs 650 cr per well
    India's forex reserves jump USD 6.12 bn to USD 682.35 bn
    Jharkhand signs pact with CSC eStore to make SHG products made by women available online
    APEDA Facilitates First-Ever Air Shipment of Karnataka's Neelam and Totapuri Mangoes to the Maldives
    Favara-UPI Cross-Border Payment Corridor Goes Live Between Maldives and India
    SC upholds NCLAT order setting aside CCI's Rs 301.6-cr penalty on Grasim Industries
    China's factory activity unexpectedly slips into contraction in July
    PM Modi to inaugurate Bhogapuram Airport on Aug 1 in Andhra Pradesh
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    July 31, 2026
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    Strategic trade controls require dual-use exports to comply with national law and international obligations amid arms-transfer allegations.
    Strategic trade controls governing dual-use exports require Indian exports of dual-use items and technologies to comply with national law and India's international obligations. The stated framework applies to exports to various countries. In response to allegations concerning supplies to Israel, the position notes calls for an arms embargo covering direct or indirect transfers of arms and military material, including weapons, ammunition, parts and components, without determining the underlying allegations.
    July 31, 2026
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    Greenfield airport development under a public-private partnership advances licensed international passenger, cargo, logistics, and sustainable infrastructure.
    A greenfield international airport is being developed under a Public-Private Partnership and Design, Build, Finance, Operate and Transfer framework, with airport, aviation-hub, education and supporting infrastructure components. The airport has obtained an aerodrome licence and required safety, fire and environmental clearances. Passenger, airfield and terminal systems are designed for domestic and international operations. A cargo terminal with cold-chain facilities and integration with port, industrial-corridor and logistics networks are intended to strengthen exports and air-cargo logistics. Recycled-water use and LEED Platinum development standards form part of its environmental measures.
    July 31, 2026
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    Regulatory and legal developments cover trade measures, legislative action, offshore exploration support, court directions and platform algorithm scrutiny.
    The compilation reports proposed United States tariff measures concerning purchasers of Russian oil and gas, India-United Kingdom trade engagement, extension of farmer-support measures, and approval of offshore exploration support. It also covers passage of the Registration of Births and Deaths (Amendment) Bill, 2026, a privilege-motion notice, a criminal sentencing, and directions to appoint a nodal officer for families affected by the Russia-Ukraine war. Regulatory items include industrial credit data and examination of social-media algorithms, bias and public-order implications.
    July 31, 2026
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    Russian oil purchases may trigger proposed targeted tariffs, with periodic reassessment based on countries' purchasing behaviour.
    Proposed United States measures would authorise sanctions against Russia and persons supporting its war in Ukraine, while permitting targeted tariffs on imports from countries purchasing substantial volumes of Russian oil or gas or facilitating sanctions evasion. The framework identifies major purchasers and shadow-fleet facilitators for possible additional tariffs and provides for periodic reassessment and tariff adjustments based on purchasing behaviour. India stated that its energy-security policy rests on national priorities and diversified energy sources.
    July 31, 2026
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    Money-laundering proceedings face challenge over absent predicate offence, alleged lack of criminal intent, and treatment of related FIRs.
    Money-laundering proceedings linked to alleged diversion of homebuyer funds are challenged on the ground that no scheduled offence or criminal intent is attributable to the petitioner. The petitioner relies on his asserted exoneration in two predicate FIRs, where charge sheets did not name him, and settlement of the remaining FIR. Notice was issued for a response and status report, and the petitioner undertook to cooperate with the investigation.
    July 31, 2026
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    Rupee appreciation reflected foreign capital inflows and central bank support, tempered by crude prices and geopolitical tensions.
    Rupee appreciation against the US dollar was linked to sustained foreign capital inflows and Reserve Bank support through dollar selling. Higher crude oil prices, a stronger US dollar and geopolitical tensions in West Asia constrained further gains. A slightly positive near-term rupee bias was associated with softer dollar conditions, dovish US monetary expectations, favourable global markets and improved foreign inflows, while geopolitical risks remained relevant. Domestic equity indices rose, foreign-exchange reserves increased, and fiscal-deficit data showed the central government's position against its full-year target.
    July 31, 2026
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    India-UK trade agreement enables duty-free access and bilateral cooperation on investment, technology, and strategic partnership.
    The India-UK Comprehensive Economic and Trade Agreement provides zero-duty market access in the UK for nearly 99 per cent of India's exports and is intended to expand bilateral trade and investment opportunities. The governments committed to maximise its benefits through the Comprehensive Strategic Partnership, including cooperation on technology, innovation, security, clean energy, education and people-to-people links. Advanced technology collaboration, including artificial intelligence, is also contemplated.
    July 31, 2026
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    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
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    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
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    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
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    Sectoral bank credit growth reflects broad-based expansion across industry, services, agriculture and personal loans, with slower credit-card growth.
    Sectoral bank credit growth accelerated across non-food lending, agriculture, industry, services and personal loans. Industrial credit expanded across micro and small, medium and large enterprises, with strong lending to infrastructure, engineering, food processing, textiles, construction, metals, petroleum-related products and chemical products. Services lending was supported by non-banking financial companies, commercial real estate and trade. Vehicle and housing loans maintained double-digit growth, while credit-card outstanding growth decelerated.
    July 31, 2026
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    Biometric identification of protesters through alleged fingerprint-Aadhaar linkage was described alongside criminal-background profiling and database creation.
    Biometric identification of protesters through fingerprints recovered from alleged stone-pelting evidence was publicly described as a proposed investigative method. A minister stated that fingerprints allegedly found on stones would be linked with Aadhaar numbers to identify participants and examine their prior records. The account also referred to analysis and categorisation of detained protesters' criminal backgrounds, creation of a separate database, and proposed action against participants described as anti-social elements or persons with criminal records.
    July 31, 2026
    Show AI Summary
    Offshore hydrocarbon exploration support funds high-risk deepwater drilling, shared infrastructure and data acquisition to strengthen domestic energy production.
    The National Offshore Exploration Scheme provides public support for deepwater and ultra-deepwater oil and gas exploration, including seismic and offshore data acquisition, exploratory drilling in frontier basins, and common production and evacuation infrastructure. It addresses the high cost and geological uncertainty of offshore drilling and includes technology adoption, digital programme management, capacity building and collaboration measures. The scheme seeks to expand domestic hydrocarbon discoveries and production, attract investment across the exploration and production value chain, and reduce reliance on imported oil and gas.
    July 31, 2026
    Show AI Summary
    Foreign exchange reserves increased as foreign currency assets and gold holdings rose, alongside measures to attract forex inflows.
    India's foreign exchange reserves increased during the reporting week, principally because foreign currency assets and gold reserves rose. Foreign currency assets, expressed in United States dollar terms, include valuation effects from movements in currencies such as the euro, pound and yen. Special Drawing Rights and the reserve position with the International Monetary Fund declined. Measures including the FCNR(B) measure were reported as efforts to attract foreign-exchange inflows following rupee pressure and dollar-sales intervention.
    July 31, 2026
    Show AI Summary
    Digital marketplace access for women's self-help group products expands e-commerce opportunities while panchayat-level citizen services are strengthened.
    Digital marketplace access for women's self-help group products is proposed through a memorandum of understanding between CSC eStore and the Jharkhand State Livelihood Promotion Society. Products marketed under the 'Palash' and 'Adiva' brands are intended to be offered through an e-commerce network to widen market access, support rural women's income and entrepreneurship, and strengthen the rural economy. Digital panchayat services are also being expanded through Common Service Centres, including banking, e-governance and Aadhaar-related services.
    July 31, 2026
    Show AI Summary
    Agricultural export facilitation expands market access for late-season mangoes through farmer aggregation and direct global market linkages.
    Agricultural export facilitation enabled an air shipment of late-season Neelam and Totapuri mangoes to an international market, expanding market access and extending the mango export season. Direct sourcing through a Farmer Producer Company supported organised aggregation, quality produce, and export-oriented supply chains. Direct procurement and export market linkages enabled participating farmers to realise higher returns than conventional market channels while promoting horticultural export diversification.
    July 31, 2026
    Show AI Summary
    Cross-border digital payment integration enables real-time Favara transfers from Maldives mobile banking applications to UPI-enabled accounts in India.
    Cross-border digital payment integration between Favara and UPI enables individuals in the Maldives to make real-time person-to-person transfers to UPI-enabled bank accounts in India through mobile banking applications. Transfers are initiated in Maldivian Rufiyaa and credited in Indian Rupees. The initial service is available through participating Maldivian banks. Permitted remittances include family-maintenance transfers under foreign inward and outward remittance categories, and gift-related transfers under foreign outward remittance. Future phases are intended to introduce QR-based merchant payments and other digital payment services.
    July 31, 2026
    Show AI Summary
    Procedural Fair Hearing in competition inquiries requires notice when the Commission departs from investigative findings before imposing action.
    Competition law procedure requires the Competition Commission to notify and hear an opposite party when departing from the Director General's findings. The penalty order concerning alleged abuse of dominance in viscose staple fibre supply was set aside because Grasim Industries was not given an opportunity to respond to the Commission's disagreement with the investigative findings. The matter was remanded for fresh, time-bound consideration without a finding on the merits.
    July 31, 2026
    Show AI Summary
    Manufacturing contraction highlights weak domestic demand, property-sector pressure and continued reliance on technology-related exports for economic growth.
    Manufacturing activity in China contracted in July, as the official purchasing managers' index fell below the expansion threshold and new orders and production declined. Weak domestic demand, lower building activity and possible typhoon-related disruptions contributed to the slowdown. Consumer spending, investment and property-sector weakness continue to affect confidence, while technology-related exports support growth. Policy commitments include strengthening domestic consumption amid continued reliance on exports.
    July 31, 2026
    Show AI Summary
    Public-private partnership airport development strengthens aviation, cargo logistics, export infrastructure and sustainable connectivity through an integrated international airport project.
    The Bhogapuram airport project is being implemented under a Public-Private Partnership through the Design, Build, Finance, Operate and Transfer framework. It has obtained required aerodrome, safety, fire and environmental clearances and includes infrastructure for domestic and international aviation, passenger processing and airport security. Cargo and cold-chain facilities are intended to support exports and logistics integration, while recycled-water use and LEED Platinum standards form part of the project's sustainability features.

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      the*spark forum's charcha 2025 charts pathways for resilient livelihoods and collaborative action towards Viksit Bharat @ 2047

      November 19, 2025

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      ~ 2000 stakeholders including 200 speakers across samaaj, sarkar and bazaar convene in New Delhi to shape India's inclusive growth agenda ~ Co-hosted in partnership with 29 co-hosts including Ministry of Social Justice & Empowerment, Atal Innovation Mission (AIM), LinkedIn, Meta, DBS Foundation, Meesho, Mphasis and other sector leaders NEW DELHI, Nov. 19, 2025 /PRNewswire/ -- The sixth edition of charcha 2025 by the*spark forum concluded on Nov 14 at the India Habitat Centre, New Delhi, after three days of dialogue, ideas and partnerships at the intersection of technology, inclusion and livelihoods. India's largest collaborative convening on livelihoods, charcha brought together 2000 leaders and practitioners across government, markets, and civil society across three days to align on how India can build resilient livelihoods and inclusive prosperity for every citizen on the road to Viksit Bharat @ 2047. Expanding on the roadmap to a 'Viksit & Inclusive' India @2047', India's G20 Sherpa and FormerCEO NITI Aayog, Government of India, Shri Amitabh Kant (IAS), stated, "If we want to create an employable population, it is very critical to focus on improving health outcomes and nutrition standards as well. Additionally, if we want to grow at the rate required to transform India into a 30 trillion economy, we need to fire on all cylinders - you need to do services but you also need to do smart urbanisation, which will be a key driver of job creation in India." Adding to this, Dr. Shamika Ravi, Member, Economic Advisor to the Prime Minister, added, " There is a big gap between degree and skill. We have a lot of educated people, degree holders, but the market actually values skill. Most of the industry surveys are telling me that today, the biggest constraint to our growth is not finance, we can raise capital, but the biggest constraint to the growth of existing firms, creation of new jobs, etc. is skilled manpower." Over three days and 50+ hours of live programming, the event featured 200 speakers and 29 co-hosts including Ministry of Social Justice and Empowerment - Government of India, Meta, LinkedIn, Atal Innovation Mission - NITI Aayog, The Gates Foundation, DBS Foundation, British Asian Trust, Mphasis, Meesho, NuSocia, Magic Bus, The Bridgespan Group Magic Bus, Lend a Hand India, The/Nudge Institute and others to explore seven cross-cutting themes: Tech, Data & Impact; Agri & Rural Livelihoods; Policy & Capacity; Skills & Livelihoods; Inclusion, Empowerment & Sustainability; Capital & Philanthropy; and Social Entrepreneurship & SMEs. Highlighting his vision for charcha 2025, Jerold Pereira, Managing Director, the*spark forum, commented, "India's growth is at a stage where scale will come not from silos, but from alignment. At charcha, we are building the connective tissue between government, markets and civil society - an infrastructure of collaboration that can outlast projects and personalities. The most powerful infrastructure we can build today is the one that connects institutions: linking the intent of sarkar, the innovation of bazaar and the insight of samaaj. And charcha serves as this collaborative platform where key stakeholders across India's livelihood development ecosystem come together to share, learn, celebrate and discover scalable pathways to drive meaningful change, aligned with the government's Viksit Bharat by 2047 agenda." Talking on social justice and equitable growth, Mr. Amit Yadav (IAS), Secretary, Department of Social Justice & Empowerment, Government of India, added, "The measure of any society is how it treats its most vulnerable members. India's constitutional vision of justice, equality, liberty and fraternity, continues to guide our mission to build a just, inclusive and equitable society where every individual has equal access to opportunity and a life of dignity." Adding a market perspective, Kumaresh Pattabiraman, Country Manager and Product Head, LinkedIn India, reflected that India's growth will be defined by how well its tier-two and tier-three cities convert energy into opportunity. The promise of Viksit Bharat @ 2047, he noted, depends on building ecosystems that make skills and jobs accessible to every professional, no matter their pin code. Rukmini Banerji, CEO, Pratham Education Foundation, speaking on empowerment, said, "Desh ko badalna bahut badi baat hai, but apne gaon ko badalna is possible (Transforming the nation is a massive goal, but changing our villages is possible). We'll need mechanisms like School management committees, and mothers groups which, if activated, will lead to ownership." Throughout the convening, a powerful narrative emerged around the role of technology in inclusion. Sessions on AI and digital infrastructure examined how these tools can strengthen livelihoods rather than replace them. Leaders from Meta, NASSCOM Foundation and Atal Innovation Mission shared examples of AI-enabled social innovation, digital skilling for rural youth and emerging models of micro- and nano-entrepreneurship that combine technology and human agency. Focusing on gender inclusion and tech, Dr. Kalika Bali, Senior Principal Researcher, Microsoft Research Labs India, stated, "There is going to be disruption because of AI, I agree. But we need to ask which sectors women in India are most employed in, mostly in lower-skill jobs. These are the jobs that will be most affected by AI and high tech. One sector where women cannot be replaced is the care economy, like ASHA workers." Conversations on agriculture and rural livelihoods spotlighted regenerative farming, climate resilience and inclusive value chains as the foundations of a prosperous rural economy. Whether the focus was on gender, technology or sustainability, the message remained consistent: India's path to inclusion will depend on the ability of governments to enable, markets to innovate and civil society to bridge last-mile inequities. Since its inception in 2020, charcha has grown into one of India's foremost platforms for development dialogue, engaging more than a thousand leaders, fifteen thousand stakeholders and reaching over one and a half million people. The 2025 edition deepened this legacy by focusing on livelihoods resilience, technology for inclusion and partnerships that can translate India's demographic potential into equitable economic growth. About the*spark forum the*spark forum is India's leading platform for dialogue and collaboration on livelihoods, curating cross-sector convenings that inspire ideas, partnerships and action toward a poverty-free India. Media Contact Preyashi Roy [email protected] +91-9167368602 Photo: https://mma.prnewswire.com/media/2827092/charcha_2025_event.jpg' alt='Embedded Media' /> Logo: https://mma.prnewswire.com/media/2814151/charcha_by_the_spark_forum_Logo.jpg' alt='Embedded Media' /> (Disclaimer: The above press release comes to you under an arrangement with PRNewswire and PTI takes no editorial responsibility for the same.). PTI

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