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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
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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
    Show AI Summary
    Trade and sustainable development policy integrates carbon regulation, sustainability standards and domestic frameworks to strengthen trade competitiveness and preparedness.
    Trade and Sustainable Development policy was examined in relation to international trade disciplines, sustainability regulation and India's trade strategy. Discussions considered carbon markets, carbon pricing, carbon border adjustment measures, sustainability standards and regulatory cooperation, and their implications for trade and industrial competitiveness. Domestic mechanisms, including the Carbon Credit Trading Scheme, Indian Carbon Market, Extended Producer Responsibility framework, and accreditation and conformity assessment systems, were considered for strengthening preparedness for emerging sustainability-related trade disciplines.
    August 1, 2026
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    Digital public procurement engagement begins with stakeholder events promoting transparent, efficient and inclusive marketplace governance.
    Government e-Marketplace launched ten-day celebrations preceding its tenth Foundation Day, including a commemorative logo, stakeholder events and recognition of employees, buyers and sellers. The programme begins a year-long nationwide outreach initiative bringing together buyers, sellers, policymakers, industry representatives and ecosystem partners through events, dialogues and collaborative platforms. Its stated focus is technology-enabled, transparent, efficient and inclusive public procurement.
    July 31, 2026
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    Strategic trade controls require dual-use exports to comply with national law and international obligations amid arms-transfer allegations.
    Strategic trade controls governing dual-use exports require Indian exports of dual-use items and technologies to comply with national law and India's international obligations. The stated framework applies to exports to various countries. In response to allegations concerning supplies to Israel, the position notes calls for an arms embargo covering direct or indirect transfers of arms and military material, including weapons, ammunition, parts and components, without determining the underlying allegations.
    July 31, 2026
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    Greenfield airport development under a public-private partnership advances licensed international passenger, cargo, logistics, and sustainable infrastructure.
    A greenfield international airport is being developed under a Public-Private Partnership and Design, Build, Finance, Operate and Transfer framework, with airport, aviation-hub, education and supporting infrastructure components. The airport has obtained an aerodrome licence and required safety, fire and environmental clearances. Passenger, airfield and terminal systems are designed for domestic and international operations. A cargo terminal with cold-chain facilities and integration with port, industrial-corridor and logistics networks are intended to strengthen exports and air-cargo logistics. Recycled-water use and LEED Platinum development standards form part of its environmental measures.
    July 31, 2026
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    Regulatory and legal developments cover trade measures, legislative action, offshore exploration support, court directions and platform algorithm scrutiny.
    The compilation reports proposed United States tariff measures concerning purchasers of Russian oil and gas, India-United Kingdom trade engagement, extension of farmer-support measures, and approval of offshore exploration support. It also covers passage of the Registration of Births and Deaths (Amendment) Bill, 2026, a privilege-motion notice, a criminal sentencing, and directions to appoint a nodal officer for families affected by the Russia-Ukraine war. Regulatory items include industrial credit data and examination of social-media algorithms, bias and public-order implications.
    July 31, 2026
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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.

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      Conservative Kast's victory in Chile suggests a hard-right, pro-Trump surge across Latin America

      December 16, 2025

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      Santiago, Dec 16 (AP) Chile has become the latest country in Latin America to veer toward the right, electing a deeply conservative veteran politician who has long attracted comparisons to Donald Trump.

      The president-elect, Jose Antonio Kast, has expressed nostalgia for the 17-year military dictatorship of the late Gen Augusto Pinochet, opposed the legalisation of same-sex marriage and advocated in recent years for a constitutional ban on abortion.

      Those stances, which some say sabotaged Kast's previous presidential bids in the increasingly liberal country, didn't seem to matter in Sunday's election.

      Instead, Kast, 59, won a landslide victory by tapping into a deep well of resentment at the status quo in a country whiplashed by an unprecedented rise in organised crime and disappointed by the failure of President Gabriel Boric to live up to his grand promises of change.

      A dramatic turn from two decades ago ----------------------------------------- Experts say this reflects the pervasive anti-incumbent mood that has gripped South America and, significantly, boosted the radical right at time when Trump is seeking to influence the region's political future.

      It's a dramatic turn from only two decades ago, when the commodities boom brought the so-called “pink tide” of left-wing leaders like the late socialist icon Hugo Chavez who whipped up voters by railing against US imperialism and vowing to redistribute government revenues.

      “The last decade, it's been rough,” said Steven Levitsky, a Harvard political scientist. “And the people who get blamed for stagnant economies, rising crime -- or, rising perceptions of crime at least -- and not insignificant corruption are those who've been in power, and that's the left.” A continental shift ------------------- Across South America this year alone, voters strengthened the mandates given to anarcho-capitalist President Javier Milei in Argentina and iron-fisted President Daniel Noboa in Ecuador, rather than return their countries to the left-wing traditions that held sway previously.

      In Bolivia, October saw the election of right-wing President Rodrigo Paz end nearly two decades of socialist rule.

      In Peru in recent weeks, demand for a ruthless approach to organized crime has caused political chaos and empowered the country's right-wing politicians ahead of the 2026 presidential election.

      Last week, partial results in Honduras' paralysed presidential vote showed a conservative former mayor endorsed by Trump and his right-wing sportscaster rival deadlocked in a stunning rebuke of the incumbent left-wing government.

      Chile's turn at the polls ------------------------ Then, on Sunday, voters traumatised by insecurity, angry about uncontrolled migration and frustrated with a dispiriting economy chose Kast over Jeannette Jara, his communist rival from the centre-left governing coalition who failed to persuade them that she was something other than the continuity candidate.

      Experts say the new Latin American hard right underscores Trump's influence.

      Speaking to reporters in Washington, Trump praised Kast on Monday as “a very good person,” adding, “I look forward to pay(ing) my respects to him.” Like Milei and Brazil's ex-President Jair Bolsonaro, Kast has been a fixture on the global speaking circuit of the Conservative Political Action Conference, decrying socialism, lambasting “gender ideology” and vowing the mass deportations of immigrants.

      “The far right is not a majority anywhere, it's usually 25-30 per cent of electorates, but it's punching above its weight because it has a real ideological project,” said Levitsky. “They've got political momentum right now, and that clearly helped in Chile.” At Kast's victory rally Sunday in Santiago, Chile's capital, supporters waved American flags, sported red “Make Chile great again” caps and raised banners emblazoned with Milei's 2023 campaign slogan, “The force of change.” A moment of reflection for the left ------------------------------------- Just four years ago, deep-rooted social discontent and popular mistrust of the political elite helped bring a new crop of left-wing leaders to office.

      In Chile, President Boric, a firebrand former student protest leader, came to power on the back of social unrest over inequality that presented a rare opportunity for his government to transform the market-led economy.

      But within months, a series of legislative defeats, a corruption scandal and an unprecedented wave of organised crime derailed his ambitions. His approval ratings dropped from 50 per cent to less than 30 per cent — and never recovered.

      In Colombia, progressive President Gustavo Petro was elected on plans to help the poor and achieve what he called “total peace” with the nation's many armed groups. Now, with just months to go until presidential elections that could swing the country back toward the right, Petro's most ambitious reforms are stuck in Congress. The militias haven't put down their guns.

      Mexico stands out as an exception to the regional trend. President Claudia Sheinbaum, who was ushered into office last year by ex-President Andres Manuel Lopez Obrador, has enjoyed soaring approval thanks to the association with her hugely popular mentor and measured handling of a volatile relationship with Trump.

      But while Milei and other regional conservative leaders hailed Kast's win as another milestone in their ideological movement's continental sweep, Sheinbaum on Monday urged fellow left-wing leaders to learn from defeat.

      “This is a moment of reflection,” she said. “We have to analyse what happened in Chile.” Kast speaks to Chile's reality ------------------------------ Kast has praised the crime-fighting tactics of El Salvador's Nayib Bukele, touring his 40,000-capacity mega prison last year. His vows to cut a staggering USD 6 billion from the budget in just 18 months have drawn comparisons to Milei's chainsaw methods.

      But in stark contrast to his ideological allies, Kast promoted himself as a moderate in this election runoff against Jara, whose lifelong membership in Chile's hard-line Communist Party led many voters to view her as a radical despite her vows of fiscal restraint.

      “He's not who I wanted, but at the end of the day, he's the least bad option,” said Carol Mesa, 54, who backed the right-wing establishment candidate, Evelyn Matthei, eliminated in the first round of voting last month. “I couldn't vote for a communist.” Despite his budget-slashing ambitions, Kast promised not to touch social benefits. He defended the free-market institutions that have guided Chile's economy over 35 years of democracy. And the devout Catholic and father of nine managed to avoid all talk of moral conservatism.

      “The main issues are crime and immigration, and that's why the majority of the middle class geared up to vote against continuity and in favour of Kast,” said Kenneth Bunker, a Chilean political analyst. “They saw him as somebody that can deliver results that are much needed.” In his first act as president-elect, Kast tried to narrow Chile's divisions and calm the fears of his critics, promising to “be the president of all Chileans.” “They say we are not good at agreements," he said. “We are going to surprise them.” (AP) MPL MPL MPL

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