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    Rajya Sabha passes bill to tackle payment delays faced by MSMEs amid Opposition protests
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    Trane Technologies Reports Strong Second Quarter Results; Raises Full-Year Revenue and EPS Guidance
    CBN dismantles inter-state counterfeit drug network in Bihar under Operation Vajra; mastermind arrested
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    August 3, 2026
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    MSME delayed-payment reforms strengthen award recovery, faster dispute adjudication, invoice discounting, and interim supplier payment protection.
    MSME delayed-payment reforms seek faster adjudication, strengthened recovery and improved liquidity for enterprise suppliers. Courts may direct payment of at least half of an awarded amount where a setting-aside application remains pending beyond six months. Mediated settlements and arbitral awards may be recovered as arrears of land revenue and recognised as legally enforceable debts under the insolvency framework. The measures also provide graded penalties, voluntary digital registration, invoice settlement through the Trade Receivables Discounting System, and additional Facilitation Councils.
    August 3, 2026
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    Monetary policy rate setting remains cautious as inflation, liquidity, growth and global uncertainty shape the policy stance.
    Monetary policy rate setting is expected to remain cautious amid global uncertainty, rising inflation risks and steady domestic growth. The inflation outlook is affected by energy-price pass-through, higher input costs, and seasonal and monsoon-related food-price pressures. Policy decisions are expected to remain data-dependent, guided primarily by domestic inflation, liquidity conditions and economic growth. A cautious or neutral stance is identified as preferable while external risks and inflation developments persist.
    August 3, 2026
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    Forward-looking financial disclosure raises revenue and earnings guidance while describing non-GAAP measures, capital allocation, and material business risks.
    Financial performance reporting identifies increased bookings, revenue growth, continuing earnings, and backlog, with segment-level operating and margin measures. The release addresses cash flow, capital allocation through dividends, acquisitions and share repurchases, and increased full-year revenue and earnings guidance. Forward-looking statements concerning financial performance, operations, demand, liquidity and capital deployment are subject to identified risks and uncertainties. Non-GAAP measures are presented as supplemental to GAAP measures, with definitions and reconciliations stated to be available in accompanying materials.
    August 3, 2026
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    Counterfeit drug enforcement targets illicit manufacture, storage and trafficking networks, with coordinated seizures and referral of non-narcotic stock.
    Counterfeit-drug enforcement under Operation Vajra addressed an inter-state network involved in the illicit manufacture, storage and distribution of narcotic drugs, psychotropic substances and spurious pharmaceutical products. Searches of unregistered godowns recovered narcotic products, unauthorisedly manufactured Buprenorphine injection ampoules, and counterfeit non-NDPS medicines. A farmhouse-based illicit manufacturing facility was dismantled, with machinery, chemicals and related materials seized under the NDPS Act, 1985.
    August 3, 2026
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    Anti-smuggling enforcement targets concealed gold, narcotics, protected products, prohibited e-cigarettes and restricted imports through coordinated intelligence operations.
    Intelligence-led anti-smuggling operations resulted in seizures of foreign-origin gold, narcotic drugs, hydroponic weed, protected wildlife and forest products, prohibited electronic cigarettes, and restricted poppy seeds and areca nuts. The operations identified concealment through fabricated baggage cavities, false cargo declarations, misdeclaration of origin, forged documentation, and concealment in transport vehicles. Poppy seeds are restricted under the Foreign Trade Policy and may be imported only subject to conditions concerning legally cultivated produce from designated countries and registration of import contracts with the Narcotics Commissioner.
    August 3, 2026
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    Tax devolution advance instalment strengthens State finances for accelerated capital and developmental expenditure through distribution of Union tax proceeds.
    Tax devolution was released to State Governments as an additional advance instalment alongside the normal monthly devolution schedule. The fiscal transfer shares net proceeds of Union taxes and duties with States, with the stated purpose of strengthening State finances and supporting accelerated capital and developmental expenditure. The release includes a State-wise distribution of tax-devolution proceeds.
    August 3, 2026
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    Financial performance reporting highlights revenue and EBITDA growth, garmenting recovery, retail optimisation, ESG commitments, and forward-looking risk disclosures.
    Financial performance reflects growth in total income and EBITDA, with improved margin, reduced net working-capital days, and a net-cash position. Branded textiles and high-value cotton shirting reported lower revenue due to the prior-year base effect, while branded apparel grew but faced lower margin from channel mix. Garmenting improved through order-book execution, tariff rationalisation, and new global clients. ESG priorities include female representation, waste-management initiatives, renewable energy, emissions reduction, and workplace safety. Forward-looking statements remain subject to regulatory, political, economic, and technological risks.
    August 3, 2026
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    Foreign exchange market support strengthens the rupee as lower crude prices, portfolio inflows and reserve growth improve sentiment.
    Foreign exchange market conditions supported an early appreciation of the rupee against the US dollar, attributed to lower global crude oil prices, a weaker dollar, sustained foreign portfolio inflows, higher foreign exchange reserves, and Reserve Bank of India presence in the foreign exchange market. Domestic equity market gains and net foreign institutional equity purchases were also identified as supporting factors.
    August 2, 2026
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    Gold smuggling detection targets sophisticated concealment methods through strengthened passenger profiling, intelligence gathering and coordinated investigations into organised networks.
    Gold smuggling detection at Kerala airports led to multiple seizures, registration of cases and arrests in alleged smuggling attempts. Organised networks reportedly use gold in paste or compound forms concealed in clothing, body cavities, aircraft seats and other unconventional locations. Enforcement measures include strengthened passenger profiling, intelligence gathering and inter-agency coordination, while investigations continue to identify associated syndicates and financiers.
    August 2, 2026
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    Offshore exploration funding supports deepwater drilling, shared infrastructure and seismic data to strengthen domestic hydrocarbon production potential.
    The Samudra Manthan National Offshore Exploration Scheme provides direct budgetary support for high-risk deepwater and ultra-deepwater exploratory drilling, subject to cost-sharing and per-well limits. Support is available to eligible operators holding or securing exploration acreage. The scheme also funds offshore data acquisition and shared subsea, receipt and processing infrastructure through a Common Hub Infrastructure model. It is intended to promote risk exploration, improve commercialisation of offshore discoveries and strengthen domestic hydrocarbon production potential within the existing exploration and licensing framework.
    August 1, 2026
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    GST compliance enforcement combines taxpayer refunds, analytics-based fraud detection, cancellation of fake registrations, and recovery of outstanding VAT arrears.
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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.

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      Vedanta presents Jaigarh Heritage Festival 2025 with Esteemed Sponsors

      December 6, 2025

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      The Manganiyar Seduction New Delhi [India], December 6: The Jaigarh Heritage Festival 2025 returns for its second edition, proudly presented by Vedanta, one of the world’s leading critical minerals, energy transition metals, oil & gas, power and technology conglomerates. Under the guidance of Sawai Padmanabh Singh of Jaipur and produced by Teamwork Arts, the festival showcases Rajasthan’s rich traditions through music, dance, heritage walks, craft workshops, and culinary experiences.

      As the Presenting Partner, Vedanta stands at the forefront of the Festival, with its long-standing commitment to preserving heritage and uplifting communities. The Festival reflects Vedanta’s enduring focus on promoting art, culture, and heritage, alongside empowering communities through sustainable livelihood opportunities. Through its subsidiaries Hindustan Zinc Ltd. and Cairn Oil & Gas, Vedanta has made a significant multi-dimensional contribution to Rajasthan, from driving sustainable growth to enabling economic and community development. Hindustan Zinc Ltd., the world’s largest integrated zinc producer and among the top five global silver producers, is recognised for its operational excellence, innovation, and ESG leadership. Cairn Oil & Gas, India’s largest private oil and gas exploration and production company, contributes over 25% of the nation’s domestic crude oil output.

      Vedanta’s dedication to community empowerment is reflected in programs such as support for women-led micro-enterprises through Sakhi and Jiji Bai in Rajasthan, the establishment of over 10,000 modern anganwadis via Nand Ghar across 16 states, and sustainable livelihood initiatives that impact millions of lives across India. At the festival, sessions presented by Vedanta include: the Karigar Spotlight on ethnic and embroidery patchwork, Khadtal and Maganiyars performances, and the Uthori Street Play, each offering a platform to showcase local artisans and performers, while reinforcing the company’s support for heritage-linked skill development . The 2025 edition of Jaigarh Heritage Festival proudly welcomes a group of committed sponsors who continue to invest in India's cultural landscape: Vedanta as Presenting Partner, in association with KGK, with Code Silver as the Official Festival Partner. Our Lifestyle Partner is Provogue, and we are grateful to Rajasthan Patrika for their support. We thank StoneX as our Art Partner, and Radio Mirchi and Gaana as our Entertainment Partners.Our Hospitality Partner Nouba, Celebration Partner AB InBev (CoronaSunset) and Pouring Partner Grover Wines add immense value to the festival experience. We also recognise Royal Treasure as our Décor Partner, AU Small Finance Bank as the Outreach Partner, and Bank of Baroda as the Banking Partner.We extend our appreciation to SDMH as the Care Partner, Stage Craft as the Official Set Design Partner, and Airtel as the Internet Partner. We are delighted to have Jaipur Uncharted as the Official Heritage Walk Partner and deeply grateful to Trevi for their support as Festival Patron.

      Speaking about Vedanta’s association with the festival, Priya Agarwal Hebbar, Non-Executive Director, Vedanta Ltd & Chairperson, Hindustan Zinc Ltd, said, "Rajasthan has always been home for Vedanta, and its culture continues to inspire us. We believe that preserving heritage is just as important as building for the future, and the Jaigarh Heritage Festival captures that spirit beautifully. It's a living celebration of craft, music, and storytelling that honours tradition while keeping it vibrantly alive. We are proud to support a platform that connects generations and reminds us that culture isn't what we inherit, it's what we carry forward." Sanjoy K. Roy, Managing Director, Teamwork Arts, added, "The Jaigarh Heritage Festival is a celebration of Rajasthan’s extraordinary artistic legacy, where music, craft, and storytelling come together to create experiences that resonate across generations. We are delighted to partner with Vedanta and our sponsors, whose support empowers artisans and communities, ensuring that our heritage and craft traditions thrive. This year, we continue our commitment to presenting moments that inspire, connect, and leave a lasting impression on every visitor.

      Sanjay Kothari, Trustee- KGK Foundation, remarked, “Art and music have always been more than creative disciplines to me - they are the silent architects of a society’s identity. They shape how we remember our past, how we interpret our present, and how we imagine our future. Jaigarh Heritage Festival resonates deeply with my personal belief that culture must not only be preserved but continuously re-energised with new ideas and new expressions. Through the KGK Foundation, we remain committed to creating platforms that nurture talent, honour heritage, and encourage artistic courage. It is our endeavor to ensure that Jaipur’s cultural landscape continues to evolve with dignity, depth, and a sense of purpose that speaks to generations beyond our own." Nirmala Durlabhji, Director, Code Silver “Code Silver is proud to support the Jaigarh Heritage Festival as the Official Festival Partner. The festival beautifully reflects our philosophy of honouring heritage while embracing contemporary expression. Rooted in Rajasthan’s craft traditions, we are pleased to be part of an initiative that celebrates culture, creativity, and community in such a meaningful way.” Yogendra Durlabhji, Secretary, SD Trust “At SDMH, community wellbeing has always been central to our mission. Supporting the Jaigarh Heritage Festival as the Care Partner reflects our commitment to serving people beyond the hospital walls. Festivals like these strengthen community bonds and celebrate our shared heritage, and we are pleased to contribute to an experience that is culturally vibrant, safe, and welcoming for all.” Speaking about the collaboration with the festival, Pravin Prabhakar, CEO, Provogue India, said, “Heritage is not just to be remembered, but carried forward with pride. Our association with the Jaigarh Heritage Festival allows us to blend Rajasthan’s cultural richness with Provogue’s modern design philosophy. Through this collaboration, we proudly present MYN by Provogue, India’s first customizable luggage platform, infused with the fort’s motifs, artisanal influences, and a contemporary aesthetic. This Limited-Edition collection enables every traveller to carry a piece of heritage in a personal and premium way, reaffirming that style becomes truly timeless when rooted in tradition.” Speaking about the collaboration with the festival, Sushant Pathak, CMO, StoneX said, “We are honoured to participate in the Jaigarh Heritage Festival — a celebration that beautifully embodies the regal heritage of Rajasthan. At StoneX, we have always believed in elevating stone through mastery, storytelling, and provenance. This year, we are presenting five of the rarest stones in the world, each carrying a remarkable narrative of origin, culture, and journey. These stories have been brought to life in an immersive format at the Jaigarh Festival, inviting guests to rediscover stone not as a material, but as a timeless work of art.” The 2025 festival also benefits from the support of Code Silver, Rajasthan Patrika, Radio Mirchi, Royal Treasure, and Airtel, whose participation strengthens the festival’s outreach and ensures that audiences across media, culture, and lifestyle segments can engage with Rajasthan’s heritage. With Vedanta at the forefront and the collective support of its partners, the Jaigarh Heritage Festival 2025 exemplifies how visionary sponsorship can create lasting cultural experiences, promote social development, and celebrate Rajasthan’s living heritage for generations to come.

      About Teamwork Arts TeamworkArts is a highly versatile production company with roots in the performing arts, social action and the corporate world. For over 30 years, Teamwork Arts has taken India to the world and brought the world to India, presenting the finest of Indian performers, writers, change-makers, and visual artists in the knowledge and arts space in India and abroad. Every year, they produce over 33 festivals in 72 cities and 26 countries in the fields of performing & visual arts and literature. TeamworkArts produces the world’s largest literary gathering: the annual Jaipur Literature Festival (JLF). JLF International now travels to the US, UK, and Europe.

      About Vedanta Vedanta Group is a global leader in critical minerals, transition metals, energy, and technology, with operations spanning India, South Africa, Namibia, Liberia, the UAE, Saudi Arabia, Korea, Taiwan, and Japan. As the world’s largest integrated producer of zinc, the fourth-largest global producer of silver, and one of the top producers of aluminium globally, Vedanta plays a pivotal role in the global supply of essential materials for the energy transition. The Company is also India’s only private oil and gas producer and one of the largest private power producers. A global ESG champion, Vedanta is committed to achieving net-zero emissions by 2050 or sooner. Through its transformative social impact initiatives, the company has improved the lives of millions of people in underserved regions. For more information, please visit www.vedantalimited.com About KGK Foundation KGK Foundation is the CSR and social impact division of the globally renowned KGK Group. Focused on sectors such as education, vocational training, health, women’s empowerment, and cultural development, the Foundation works to uplift underserved communities through long-term, sustainable initiatives. Guided by a legacy of integrity and responsibility, the Foundation partners with institutions and programmes that enrich society.

      About Code Silver Code Silver – A Durlabhji Initiative – is a Jaipur-based luxury silverware and gifting brand that celebrates India’s artisanal mastery through contemporary design. Known for its refined craftsmanship, meticulous detailing, and modern aesthetic, the brand blends heritage artistry with functional elegance. From handcrafted décor and lifestyle collectibles to bespoke corporate and festive hampers, Code Silver carries forward the Durlabhji family’s legacy of excellence and innovation.

      About Provogue Provogue is a leading travel lifestyle brand with a legacy of over 28 years in India’s fashion industry. Built on a strong fashion heritage, the brand brings a style-first approach to travel gear for the new-age, style-conscious traveller. Provogue offers a premium range of luggage, backpacks, and travel accessories that fuse contemporary design with functional durability. With innovation at its core and fashion in its DNA, the brand continues to redefine modern travel inspiring consumers to move with confidence and individuality.

      About StoneX Stonex India is one of the country’s leading destinations for premium natural stone, renowned for its commitment to craftsmanship, quality, and design excellence. With a deep appreciation for materials shaped by the earth, Stonex brings together traditional artistry and cutting-edge technology to create stone surfaces of enduring beauty. From bespoke architectural projects to luxury interiors, the brand is dedicated to elevating India’s design landscape.

      About SDMH Founded in 1971, SantokbaDurlabhji Memorial Hospital (SDMH) is one of Rajasthan’s most trusted multi-specialty healthcare institutions, built on the principles of compassion, service, and ethical medical care. Operated under the SD Trust, the hospital remains committed to accessible, high-quality healthcare, upheld by a longstanding legacy of philanthropy and community service.

      (Disclaimer: The above press release comes to you under an arrangement with PNN and PTI takes no editorial responsibility for the same.). PTI PWR

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