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    Raymond Lifestyle Limited Delivered a stable Q1 FY27 Performance
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    Customs seizes 8 kg gold worth over Rs 11 cr at Kerala airports in one week
    Drill, Baby, Drill: India to fund Rs 650 cr per well for 60 deepsea wells to break its oil import habit
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    India and Rwanda Hold First Joint Trade Committee Meeting to Deepen Bilateral Trade and Investment Cooperation
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    RBI says USD 40.82 bn mobilised under forex swap facility till Jul 31
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    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.
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    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.
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    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.
    Punjab attributed increased GST collections to voluntary compliance, intelligence-based enforcement and technology-driven tax administration, while facilitating compliant taxpayers through timely GST refunds. Data analytics, risk profiling and field verification were used to identify tax evasion, bogus billing, fake input tax credit networks and misuse of the GST registration framework. Measures included penalties, cancellation of fraudulent registrations and recovery of long-pending VAT arrears through attachment and auction of defaulters' properties.
    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.
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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.
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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.
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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.
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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.

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      'Vote chori in BJP's DNA': Rahul vows to remove 'Modi-RSS' govt

      December 14, 2025

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      New Delhi, Dec 14 (PTI) Alleging that "vote chori" was in the BJP's DNA, Congress leader Rahul Gandhi on Sunday said his party stood with 'satya' (truth) and vowed to remove the "Narendra Modi-RSS government" from power.

      Addressing the party's 'Vote Chor Gaddi Chhod' rally at the Ramlila Maidan here, he launched a scathing attack on the Election Commission and mentioned the names of Chief Election Commissioner Gyanesh Kumar, and Election Commissioners Sukhbir Singh Sandhu and Vivek Joshi to allege that they were working for the BJP.

      "We will stand with 'satya' (truth) and will remove the Narendra Modi-RSS government from power. They have 'satta' (power), and they indulge in 'vote chori'," the Leader of Opposition in the Lok Sabha said.

      Claiming that truth is in the DNA of those following the Congress ideology, he alleged that there is untruth and "vote chori" in the DNA of the BJP-RSS.

      "You should not fear, in the end we will remove Narenda Modi, Amit Shah and the RSS government from power by following the path of truth," he said.

      Asserting that it may take time, but truth will ultimately win, the former Congress chief said, "We'll work with truth and non-violence to defeat Modi and (Amit) Shah." Rahul Gandhi was accompanied by Congress chief Mallikarjun Kharge and Congress Parliamentary Party chairperson Sonia Gandhi at the Ramlila ground, where party workers in large numbers gathered to protest against "vote chori".

      The party has collected around six crore signatures against alleged vote theft from every corner of the country, and will be presenting the same to the President of India.

      Later, in a post on X, Rahul Gandhi said, "Theft is in the BJP's DNA." "Money theft - land theft - institution theft - rights theft - employment theft - Mandate theft - government theft - election theft - vote theft. Theft from the people is the ladder to power for the BJP," he said.

      Referring to recent speech of RSS chief Mohan Bhagwat in Andaman and Nicobar Islands, Rahul Gandhi said that "Mohan Bhagwat says the world does not see truth but power, and whoever has power is regarded".

      "Vishwa satya ko nahi, shakti ko dekhta hai, jiske pas shakti hai, usko manta hai...bhale mann se nahi, par manta jaroor hai (The world does not acknowledge only truth; it also acknowledges strength. It may not accept the strength from the heart, but it does accept it)," Bhagwat had said on Saturday.

      Gandhi said, "Our ideology, our country's ideology and our Hindu religion and other religions say that truth is most important, but Mohan Bhagwat says truth has no significance, only power is important." "This fight is between 'satya' and 'asatya'," he said.

      Gandhi also claimed that the BJP transferred Rs 10,000 during Bihar elections, but the poll authority did not take any action against them. "In this fight between truth and untruth, the Election Commission is working with the BJP government," he claimed.

      "(Prime Minister) Narendra Modi brought a new law to give immunity to EC... We are telling you clearly that this law is to protect you and we will change this law retroactively and take strict action against you," Gandhi said.

      The Congress leader claimed that people from Uttar Pradesh and even Brazilian women voted in Haryana polls.

      He said the EC did not answer even a single question posed to them about Haryana and other elections which were "stolen" by the BJP.

      "Look at Narendra Modi's face, and you'll realize that his confidence has run out. They know that their 'vote theft' has been caught. You all must have seen that Amit Shah's hand was trembling in the (Parliament) House. Amit Shah is brave only as long as he holds power. The day power is gone, his bravery will also vanish on that very day," he said.

      Alleging that the BJP government works for two-three crony capitalists, he said these signatures have been collected from across the country and at every corner, there is a slogan 'vote chor, gaddi chhod'.

      "We showed how votes were added and deleted, but the EC never replied to us. It may take time, but the truth shall win in India... Mahatma Gandhi has shown the path of truth and we will move on that path.

      "Nafrat se nahin, hinsa se nahin, satya aur ahinsa ke saath (Not with hatred, not with violence, but with truth and non-violence), we will defeat Narendra Modi and Amit Shah," Gandhi claimed.

      "This vote chori is not just theft of votes, it is an attack on Ambedkar's Constitution, which says one vote for every individual... They run their government through 'vote chori'," he alleged.

      He also claimed that they ruined small businesses, implemented wrong GST, and problems like unemployment and pollution are there due to "vote theft".

      "Had they not been indulging in vote chori, you would have removed them from government in 5 minutes. This is the truth," he said.

      "Like truth is in your DNA, there is untruth and vote chori in their DNA," Gandhi told the gathering amid applause. PTI ASK/SKC SKC KVK KVK

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