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    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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    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
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    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
    Show AI Summary
    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
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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
    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
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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.

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      Dr. Rasha Kelej of Merck Foundation Meets Nigeria First Lady at the Merck Foundation Africa Asia Luminary 2025

      December 5, 2025

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      Mumbai, Maharashtra, India & Abuja, Nigeria – Business Wire India Merck Foundation, the philanthropic arm of Merck KGaA Germany, recently conducted the 12th Edition, “Merck Foundation Africa Asia Luminary”, in partnership with the Government of The Gambia. The conference was co-chaired by H.E. Mrs. FATOUMATTA BAH-BARROW, The First Lady of Gambia & Ambassador of Merck Foundation More Than a Mother and Dr. Rasha Kelej, CEO of Merck Foundation & President of More Than a Mother. The First Lady of Nigeria, H.E. Senator OLUREMI TINUBU, CON, along with The First Ladies of Burundi, Central Africa, Liberia, São Tomé and Príncipe, and Senegal joined as the Guests of Honor and Keynote Speakers. Dr. Rasha Kelej said, “I was delighted to meet my dear sister, H.E. Senator OLUREMI TINUBU, CON, First Lady of the Federal Republic of Nigeria & Ambassador of ‘Merck Foundation More Than a Mother’, at our 12th Africa Asia Luminary 2025. We discussed our joint programs to build and advance healthcare capacity by providing scholarships for local Nigerian doctors. I am proud to share that till now we have provided 82 scholarships for local Nigerian healthcare providers in many critical and underserved specialties like Fertility, Embryology, Sexual and Reproductive Care, Women’s Health, Oncology, Diabetes, Endocrinology, Preventative Cardiovascular, Cardiology and Obesity & Weight Management, Acute Medicine, Respiratory Care, Dermatology, Rheumatology, Critical Care, Psychiatry, Care for Older Person and Pain Management. Together, we will continue to work closely to transform future of patient care in Nigeria.” H.E. Senator OLUREMI TINUBU, CON, First Lady of the Federal Republic of Nigeria & Ambassador of ‘Merck Foundation More Than a Mother’ emphasized, “I deeply value our meaningful partnership with Merck Foundation and also appreciate all their programs. I am particularly excited about Educating Linda Program through which we will be providing annual scholarships to 71 of our top-performing but underprivileged schoolgirls in secondary school until their graduation. I firmly believe in empowering girls through education, as it plays a crucial role in building stronger and healthier nations, this is one of the key objectives of my office’s strategy. Moreover, I am happy to share that Merck Foundation has provided 82 scholarships for our healthcare providers, in many critical specialties.” Watch the Video of The First Lady of Nigeria & Ambassador of Merck Foundation More Than a Mother during Day 2 of Merck Foundation Africa Asia Luminary 2025 here: https://youtu.be/YqsSQSS85_I Watch the video of Merck Foundation CEO, Senator, Dr. Rasha Kelej receiving H.E. Senator OLUREMI TINUBU, CON, First Lady of the Federal Republic of Nigeria & Ambassador of ‘Merck Foundation More Than a Mother’: https://youtu.be/hU-0Ym6vVis On Day 1 of the conference, the Plenary Session of the Merck Foundation Africa Asia Luminary 2025 took place, featuring keynote speeches of First Ladies of Africa. Moreover, a high-level ministerial panel discussion was also held with African Ministers to discuss the Merck Foundation African Research Summit MARS strategy to build scientific research capacity and empower women in STEM with special focus on scientific research. On Day 2 of the conference, Merck Foundation First Ladies Initiative-MFFLI committee meeting was conducted between The First Ladies of Africa and Merck Foundation Chairman and CEO, where the African First Ladies shared the impact report of Merck Foundation programs in their respective countries, and future strategy was discussed. Watch the video of MFFLI committee meeting: https://youtu.be/sc2XFyU3s10 Together with Nigeria First Lady, Merck Foundation has provided 82 scholarships for local doctors in Nigeria in many critical and underserved specialties. Summary of 82 scholarships: • 14 Scholarships have been provided for Fertility, Embryology and one year diploma and two-year master's degree in Sexual and Reproductive Care, Women’s Health and Family Medicine. These scholarships are very critical for enhancing women’s health in general, and reproductive health in particular. • 39 scholarships are being provided one year diploma and two-year master's degree of Diabetes, Endocrinology, Preventative Cardiovascular, Cardiology and Obesity & Weight Management, under the Merck Foundation Nationwide Diabetes Blue Points Program. Upon completing the course, these doctors can establish diabetes or hypertension clinics within their respective health centers or hospitals, which will enable them to provide essential care, helping to prevent and manage these conditions within their own communities. • 3 scholarships have been provided for Oncology Research, Medical Oncology and Pain Management, as part of Merck Foundation Cancer Access Program. • Moreover, 26 scholarships have been provided for Acute Medicine, Respiratory Care, Dermatology, Rheumatology, Critical Care, Dermatology, Infectious Diseases, Psychiatry, and Care for Older Persons. “Merck Foundation has always believed in the importance of building healthcare capacity and has been working for it since 2012. We have so far provided more than 2400 scholarships for healthcare providers from 52 countries in 44 critical and underserved medical specialties. We will continue to provide scholarships of doctors from Nigeria and beyond,” added Dr. Kelej. Merck Foundation also announced the Call for applications for their 8 important awards in partnership with The First Lady of Nigeria for Media, Musicians, Fashion Designers, Filmmakers, students, and new potential talents in these fields. Moreover, in partnership with The First Lady of Nigeria, Merck Foundation is launching their children’s storybooks, “More Than a Mother”, “Educating Linda”, “Jackline’s Rescue”, “Not Who You Are”, “Ride into the Future” and “Sugar free Jude”, “Mark’s Pressure”, and “Ray of Hope”. The storybooks address various social and health issues like breaking infertility stigma, supporting girl education, stopping GBV, diabetes and hypertension awareness. Thousands of copies of the storybooks will be distributed to school children. The 12th Edition of Merck Foundation Africa Asia Luminary was streamed live on the social media handles of Merck Foundation and Dr. Rasha Kelej, CEO of Merck Foundation. @Merck Foundation: Facebook, X, Instagram, and YouTube. @Rasha Kelej: Facebook, X, Instagram, and YouTube. Link to the YouTube live stream of Inaugural Session of Merck Foundation First Ladies High Level Panel: https://www.youtube.com/live/h2_pOgZW9OY?si=u9sRUYz8H5tRC9ca Summarizing Merck Foundation’s initiatives and impact: Merck Foundation is transforming the Patient care landscape and making history together with their partners in Africa, Asia, and beyond, through: • 2400+ Scholarships provided by Merck Foundation for healthcare providers from 52 Countries in 44 critical and underserved medical specialties. Merck Foundation is also creating a culture shift and breaking the silence about a wide range of social and health issues in Africa and underserved communities through: • 3700+ Media Representatives from more than 35 countries trained by Merck Foundation to better raise awareness about different social and health issues. • 8 Different Awards launched annually for best Media coverage, Song, Films, and Fashion. • Around 30 songs to address health and social issues, by local singers across Africa. • 9 Children’s Storybooks in four languages - English, French, Portuguese, and Swahili. • 6 Awareness Animation Films in five languages - English, French, Portuguese, Spanish and Swahili to raise awareness about breaking infertility stigma, supporting girl education and prevention and early detection of Diabetes, Hypertension & Cancer. • Pan African TV Program "Our Africa by Merck Foundation” addressing Social and Health Issues in Africa through “Fashion and ART with Purpose” Community. • 1040+ Scholarships provided annually to high performing but under-privileged African schoolgirls from 18 countries, to help them to complete their studies and empower them to reach their full potential. • 15 Social Media Channels with more than 8.5 Million Followers. Click the link below to Download Merck Foundation App https://www.merck-foundation.com/MF_StoreRedirection Join the conversation on our social media platforms below and let your voice be heard Facebook: Merck Foundation X: @MerckFoundation YouTube: MerckFoundation Instagram: Merck Foundation Threads: Merck Foundation Flickr: Merck Foundation Website: www.merckfoundation.com About Merck Foundation The Merck Foundation, established in 2017, is the philanthropic arm of Merck KGaA Germany, aims to improve the health and wellbeing of people and advance their lives through science and technology. Our efforts are primarily focused on improving access to quality & equitable healthcare solutions in underserved communities, building healthcare & scientific research capacity, empowering girls in education and empowering people in STEM (Science, Technology, Engineering, and Mathematics) with a special focus on women and youth. All Merck Foundation press releases are distributed by e-mail at the same time they become available on the Merck Foundation Website. Please visit www.merck-foundation.com to read more. Follow the social media of Merck Foundation: Facebook, X, Instagram, YouTube, Threads and Flickr. The Merck Foundation is dedicated to improving social and health outcomes for communities in need. While it collaborates with various partners, including governments to achieve its humanitarian goals, the foundation remains strictly neutral in political matters. It does not engage in or support any political activities, elections, or regimes, focusing solely on its mission to elevate humanity and enhance well-being while maintaining a strict non-political stance in all of its endeavors. To View the Image, Click on the Link Below: Merck Foundation CEO Dr Rasha Kelej with Nigeria First Lady, H.E. Senator OLUREMI TINUBU, CON (Disclaimer: The above press release comes to you under an arrangement with Business Wire India and PTI takes no editorial responsibility for the same.). PTI

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