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    India-China trade through Shipli La resumes after six years
    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
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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.
    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
    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
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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.

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      SHIVIK LABS: TRIDENT, A Step Toward Self-Improving AI Systems Built on Reasoning

      December 24, 2025

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      TRIDENT Tree-of-Thoughts Noida (Uttar Pradesh) [India], December 24: Shivik Labs, an emerging leader in foundational AI research, announced the release of its latest research paper introducing TRIDENT (Thought-based Reasoning and Improvement through Deep Exploration of Neuronal Trees), a paradigm-shifting framework designed to break the "static intelligence" plateau of modern Large Language Models. The research demonstrates that AI models can achieve significant leaps in reasoning and problem-solving through autonomous self-improvement—completely bypassing the traditional requirements for human-annotated data, handcrafted reasoning traces, or expensive additional pretraining cycles. The End of Static Intelligence: TRIDENT's +14.14% Leap on GPQA Most large language models today improve primarily through scale—more data, larger parameter counts, or additional fine-tuning—rather than through improvements in their reasoning process itself. Their reasoning behaviour is effectively static: they produce answers in a single forward pass or by sampling multiple candidates, but they do not evaluate the quality of the intermediate reasoning paths they explore. As a result, models fail to learn which reasoning trajectories were effective, which were inefficient or misleading, and why a particular solution ultimately succeeded. TRIDENT is built to address this gap. Instead of treating reasoning as a static sequence of tokens, TRIDENT treats it as a structured search problem. They have open sourced the framework along with a model using the framework on Qwen3-4B, where the Shivik Labs team demonstrated that the TRIDENT framework could drive a performance surge from 28.28% to 42.42% on the GPQA (Graduate-Level Google-Proof Q&A) benchmark. This +14.14 percentage point gain is particularly notable because it was achieved without fine tuning it with more data. "Self-Correction Loops" — The model audits its own reasoning paths, identifying logical inconsistencies and refining its internal decision-making process autonomously. "The industry has been obsessed with scaling—more data, more parameters, more compute. TRIDENT proves that the next frontier isn't just bigger models, but smarter algorithmic improvements over the current increment in model sizes. We've built a system that doesn't just predict the next word; it understands how to navigate complex logic, identify its own errors, and learn from them autonomously." — Shivansh Puri, Co-Founder and Head of Research & Engineering, Shivik Labs A First-Principles Architecture: How TRIDENT Works TRIDENT moves beyond linear "Chain-of-Thought" reasoning. It treats reasoning as a multi-dimensional search, exploring various logical branches and depth simultaneously. This allows the system to evaluate the validity of different paths in real-time and select the most robust solution without human intervention. Core Innovations 1.Tree-of-Thoughts (ToT) Reasoning Policy TRIDENT moves beyond linear Chain-of-Thought reasoning by exploring multiple reasoning paths simultaneously. By structuring reasoning as a tree rather than a single sequence, the framework enables richer exploration of solution strategies and avoids early commitment to suboptimal reasoning paths. 2. GNN-Guided Reasoning Path Evaluation To guide Tree-of-Thoughts exploration efficiently, TRIDENT employs a Graph Neural Network to evaluate intermediate reasoning states. The GNN assigns promise scores to partial reasoning paths, enabling early pruning of unproductive branches and focusing computation on the most promising reasoning trajectories. 3. Self-Generative Reasoning Loop (SGRL) TRIDENT introduces an autonomous training loop in which the model generates its own reasoning traces, evaluates both final answers and intermediate reasoning using verifiable rewards, and improves without relying on human-authored chains of thought or preference data. All learning occurs during training, resulting in a standard deployable language model at inference time. Together, these components allow TRIDENT to improve reasoning through better exploration, evaluation, and learning—without increasing model size or requiring human supervision. Comprehensive Benchmark Results TRIDENT v5 demonstrates consistent improvement across multiple reasoning benchmarks: Benchmark Baseline (Qwen3-4B) TRIDENT v5 GPQA (0-shot) 28.28% 42.42% (+14.14pp) GSM8K (5-shot) 74.14% 86.58% (+12.44pp) MMLU (5-shot) 47.70% 72.61% (+24.91pp) Winogrande (0-shot) 59.60% 67.08% (+7.48pp) ARC-C (25-shot) 54.00% 59.00% (+5.00pp) TruthfulQA (0-shot) 54.90% 54.70% (-0.20pp) From Theory to the Field: The Shivik Labs Mission Shivik Labs is not a traditional academic laboratory. It functions as a deep-tech engineering unit focused on "functional intelligence." The TRIDENT framework is currently being stress-tested within Shivik, the company's flagship platform for construction execution and control. “Every powerful technology shapes who holds control. For years, we used systems where that control lived somewhere else. That was acceptable when we were learning, but not anymore. By working on real-world problems, we are rebuilding the ability to create intelligence here. Our conviction is simple: India should stand among those who define AI, not those who depend on it.” — Abhisek Khandelwal, Founder of Shivik Labs Khandelwal emphasizes that India's unique scale and logistical complexity serve as the ultimate proving ground. "Systems that can reason and operate effectively here are, by design, more resilient than those built in sanitized, lab-only environments." Research Paper: https://www.shivik.in/shivik-labs/trident Research Repository: https://huggingface.co/shiviktech/Trident What's Next for Shivik Labs? The publication of this paper marks only the beginning for Shivik Labs. The team is currently focused on working towards building indigenous reasoning AI model with the target of releasing it by early next year. They have already built the architecture and prototype and are now moving towards production ready model. They are aiming for releasing a small 2B model early next year (Q1-2026) with a target of building the world's most efficient & powerful model by the end of 2026 To accelerate the adoption of this framework, Shivik Labs is launching Collaborative Pilot Programs specifically for organizations facing "reasoning-heavy" challenges—such as complex logistics, forensic diagnosis, or strategic forecasting—where traditional AI currently falls short. This initiative is paired with a deep commitment to transparency and the democratization of innovation. Shivik Labs is making the TRIDENT research paper and key model artifacts publicly available on Hugging Face, inviting the global AI community of researchers, engineers, and industry leaders to explore the architecture and contribute to the future of autonomous, self-improving intelligence. About Shivik Labs Shivik Labs is a deep-tech research and engineering unit dedicated to building foundational intelligence architectures. Focused on the intersection of reasoning-centric models, Graph Neural Networks, and hardware-software integration, Shivik Labs develops autonomous systems that operate reliably in the real world. The Labs is powered by a high-octane group of researchers where 90% of the team is under the age of 25. This young, agile unit is unburdened by legacy AI paradigms, allowing them to move faster and think differently about the future of self-improving intelligence. Media Contact Shivik Labs Email: [email protected] Website: www.shivik.in Paper Authors Shivansh Puri, Abhisek Khandelwal, Vedant Joshi, Akash Yadav Shivik Labs (Disclaimer: The above press release comes to you under an arrangement with PNN and PTI takes no editorial responsibility for the same.). PTI

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