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    Andhra records 21 per cent growth in net GST collections till July
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    Gross GST mop-up grows 15.4 pc to over Rs 2.11 lakh cr in July on higher imports, sales
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    August 1, 2026
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    GST compliance enforcement through AI analytics supported sustained net GST collection growth despite rate rationalisation reforms and reduced compliance costs.
    GST revenue mobilisation in Andhra Pradesh showed year-on-year growth in net GST and total commercial tax collections through July 2026, despite rate-rationalisation reforms. Revenue growth was attributed to AI-based scrutiny and analytics, machine-learning risk scoring, AI-driven IGST reversals, UPI-based enforcement analytics, data sharing, predictive analytics, registration verification, and Aadhaar-integrated expansion of the professional-tax base. These measures were stated to strengthen compliance, curb wrongful input tax credit claims, broaden taxpayer coverage, and improve revenue mobilisation.
    August 1, 2026
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    Economic-offences fraud chargesheets address alleged fictitious loans, forged insurance surrender papers, and diversion of bank and policy funds.
    Economic-offences chargesheets were filed in separate alleged bank and insurance fraud matters. The bank investigation alleged fictitious loan sanctions and overdrafts beyond delegated authority, involving cheating, forgery, use of forged documents and criminal conspiracy. The insurance investigation alleged that duplicate policy records and forged surrender documents were used to open a fraudulent account in a policyholder's name and divert policy proceeds. Records, witness statements, documentary evidence and forensic examination were cited in support of the allegations.
    August 1, 2026
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    PM Vishwakarma Scheme implementation expands artisan enrolment, skills, credit, e-commerce access and export facilitation while addressing documentation barriers.
    PM Vishwakarma Scheme implementation in Delhi facilitated artisan enrolment, application processing, skill training, toolkit distribution, loan access, e-commerce onboarding and export-related support. Awareness workshops and tele-calling campaigns were used to promote participation and follow up on benefits. Key implementation challenges concerned outreach to informal clusters, digital literacy, delays in Aadhaar and IEC documentation, and additional support for Divyang artisans. Planned action includes expanding workshops, scaling e-commerce onboarding, strengthening export facilitation and coordination with implementing agencies.
    August 1, 2026
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    Goods and Services Tax collections rise on domestic consumption and imports, while elevated import revenue prompts assessment of underlying drivers.
    Goods and Services Tax collections for July increased over the corresponding prior-year period, supported by domestic sales and imports. Gross receipts included Central GST, State GST and Integrated GST, with net GST revenue calculated after adjusting refunds. For the April-July period, gross and net collections also increased. Commentary linked domestic GST growth to consumption, formalisation and industrial activity, while identifying elevated import GST collections as an area requiring assessment of import composition, currency effects and volumes.
    August 1, 2026
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    GST revenue collections show provisional gross, refund and net revenue trends, with State-wise settlement and domestic collection data.
    GST revenue collections for July 2026 are reported provisionally through gross domestic and import revenue, domestic and export-related refunds, and net GST revenue after refunds. The data also sets out SGST collections and the SGST share of IGST settled to States and Union Territories, both monthly and cumulatively. State-wise domestic GST growth excludes GST on imported goods, while jurisdiction-wise data allocates collections between central and State formations and identifies CGST, SGST and IGST components.
    August 1, 2026
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    Bilateral trade cooperation expands through a Joint Trade Committee covering investment, critical minerals, healthcare, digital technologies and market access.
    Bilateral trade and investment cooperation between India and Rwanda is to be advanced through a structured Joint Trade Committee mechanism for reviewing commerce, diversifying trade, promoting investment, facilitating business engagement and addressing market-access and logistical issues. Priority cooperation includes critical minerals, pharmaceuticals and healthcare, agriculture and agro-processing, standards harmonisation, digital public infrastructure, fintech, cybersecurity, green mobility and renewable energy. Investment focal points will support engagement, while capacity-building assistance and close monitoring of the Agreed Minutes are intended to support time-bound implementation.
    August 1, 2026
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    GST collection growth in West Bengal continued year-on-year in July but remained below the national growth trend.
    West Bengal's July GST collection increased year-on-year and over the preceding month, marking a second consecutive month of annual growth. Official data also indicated that the State's annual growth rate was below the national trend, while gross domestic GST revenue excluding imports and overall gross GST collections including import-related taxes rose nationally during July.
    August 1, 2026
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    GST collection growth reflects higher revenue mobilisation from domestic transactions and imports, with refunds adjusted in net revenue.
    Goods and Services Tax collections increased in July, driven by higher revenue from domestic transactions and imports. The gross collection comprised Central GST, State GST and Integrated GST components. Refunds also increased during the month, and net GST revenue was determined after adjustment of refund outflows from gross tax receipts.
    August 1, 2026
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    Concessional foreign-exchange swaps encourage bank deposits and foreign borrowings to strengthen balance-of-payments resilience and foreign-exchange liquidity.
    The Reserve Bank of India introduced a concessional foreign-exchange swap facility to encourage foreign-currency inflows, strengthen the balance of payments and support foreign-exchange liquidity. The facility applies to fresh Foreign Currency Non-Resident (Bank) deposits, Overseas Foreign Currency Borrowings and External Commercial Borrowings. Foreign Currency Non-Resident (Bank) deposits constitute the principal source of inflows mobilised under the arrangement. The facility is available for specified time-bound periods, with a later availability period for Overseas Foreign Currency Borrowings and External Commercial Borrowings.
    August 1, 2026
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    Unauthorised pledge of listed-company land triggered securities-market bars for disclosure failures and misuse of management authority.
    Unauthorised pledge of ZEEL's Hyderabad land as security for loans obtained by promoter-linked entities was treated as a related-party transaction lacking prior audit committee approval. ZEEL failed to disclose the land's deployment in its financial statements. Its Chairman Emeritus was stated to have transferred title deeds by falsely representing management approval and to have concealed the transaction's nature. Securities-market prohibitions and monetary penalties were imposed with immediate effect.
    August 1, 2026
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    Trade and sustainable development policy integrates carbon regulation, sustainability standards and domestic frameworks to strengthen trade competitiveness and preparedness.
    Trade and Sustainable Development policy was examined in relation to international trade disciplines, sustainability regulation and India's trade strategy. Discussions considered carbon markets, carbon pricing, carbon border adjustment measures, sustainability standards and regulatory cooperation, and their implications for trade and industrial competitiveness. Domestic mechanisms, including the Carbon Credit Trading Scheme, Indian Carbon Market, Extended Producer Responsibility framework, and accreditation and conformity assessment systems, were considered for strengthening preparedness for emerging sustainability-related trade disciplines.
    August 1, 2026
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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.
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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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    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.
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    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.
    July 31, 2026
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    Excise duty increases on cigarettes pressured profitability, while calibrated pricing and FMCG growth supported market resilience.
    Excise duty increases on cigarettes affected consolidated profitability, prompting calibrated pricing and portfolio measures to protect market share and limit migration to illicit trade. The cigarette portfolio was re-architected across price points through value-accretive offerings and staggered pricing actions. Non-cigarette FMCG growth was supported by demand for packaged foods, dairy and personal-care products. Input-cost inflation was mitigated through inventory cover, commodity hedging and price-volume rebalancing amid crude-price volatility, supply-chain disruption and imported inflation concerns.

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      ED searches I-PAC office, its director Pratik Jain's residence in Kolkata; Mamata storms raid sites in high drama

      January 8, 2026

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      Kolkata/New Delhi, Jan 8 (PTI) The ED on Thursday conducted searches at the office of the political consultancy firm I-PAC and the residence of its director Pratik Jain in Kolkata, an action that ignited high drama, with West Bengal chief minister Mamata Banerjee unexpectedly storming into the sites during raids, alleging that the central agency was trying to seize the TMC’s sensitive data ahead of the high-stakes state polls.

      In a strong rebuttal, the ED, which maintained that the searches were part of a money laundering probe into an alleged multi-crore rupee coal pilferage scam, accused Banerjee of obstructing a lawful investigation and claimed that she and the state police forcibly removed "key evidence" during the raids.

      The confrontation, which unfolded at a politically combustible moment, added sharp electoral overtones ahead of the elections to the 294-member West Bengal Assembly, to be held in less than three months, as both the Trinamool Congress and the BJP were locked in an aggressive battle for narrative control.

      The standoff also soon took a legal turn, with the ED moving the Calcutta High Court, seeking permission to file a petition, alleging interference in its investigation. The I-PAC also approached the HC, opposing the searches and questioning its legality.

      According to the ED, the I-PAC's office in Salt Lake Sector V and Jain's residence on Loudon Street were among about 10 premises, including four in Delhi, that were raided by the federal probe agency in the presence of central paramilitary teams from 7 am. However, Banerjee’s unscheduled appearance at the raid site injected street-level drama, drawing senior police officers, party leaders, and central forces into a tense stand-off that unfolded in full public view.

      Banerjee arrived around noon at the residence of Jain, co-founder and director of Indian Political Action Committee (I-PAC), soon after Kolkata Police Commissioner Manoj Verma reached the spot. She stayed inside for about 20–25 minutes before emerging with a green folder in her hand, accusing ED officials of overreach.

      For the chief minister, the optics of physically confronting the ED, rather than responding through statements alone, appeared to be a calibrated move to send a message of resistance, reinforcing her long-held image as a leader willing to meet institutional pressure head-on ahead of polls.

      "They have raided the residence and offices of our in-charge of the IT cell. They were confiscating my party’s documents and hard disks, which have details about our party candidates for the assembly polls. I have brought those back," Banerjee told reporters, asserting that the materials had no link to any financial probe.

      For Banerjee, the ED action reinforced her long-running campaign charge that central agencies are being deployed to disrupt opposition parties at critical moments of electoral preparation, while for the BJP, the raids offered an opportunity to underline its anti-corruption plank in the state where it is seeking to claw back ground after its 2021 defeat.

      I-PAC, apart from offering political consultancy to the TMC, also manages the party’s IT and media operations, making the search especially sensitive in the run-up to elections.

      Banerjee alleged that ED officials had walked away with hard disks, mobile phones, laptops, candidate lists, and internal strategy documents of the ruling party. “Is it the duty of the ED to collect political party data?” she asked.

      Launching a sharp attack on the BJP leadership, Banerjee described the searches as an act of "political vendetta" and accused Union Home Minister Amit Shah of "misusing" constitutional agencies to intimidate opposition parties.

      "This is not law enforcement. The nasty home minister, the naughty home minister, who cannot protect the country and is taking away all my party documents," she said, later adding that the Prime Minister must "control his home minister".

      In a statement issued from New Delhi, the ED alleged that Banerjee entered Jain’s residence during the raid in a money laundering case linked to alleged coal smuggling and took away "key evidence", including physical documents and electronic devices.

      The agency said she subsequently went to the I-PAC office, from where she, her aides, and the state police "forcibly removed physical documents and electronic evidence".

      Banerjee alleged the raids began around 6 am when no one was present. "They started the search when there was nobody inside. They transferred our data, poll strategies, and information into their system. This is a crime," she said after visiting the office.

      By the time she reached the Sector V office of I-PAC around 1 pm, senior officers of the Bidhannagar Police Commissionerate had cordoned off the area, while central forces sealed the entry and exit points of the multi-storey building housing the I-PAC office.

      Without engaging with paramilitary personnel, Banerjee accessed the building through the basement and took a general lift to the 11th floor, declining a separate VIP lift—an image the party projected as symbolic defiance.

      "They have taken our election strategy, our SIR data, and other details. If the assembly polls pass and we have to draw up election plans afresh, who will be responsible?" she said, alleging that tables in the office had been left empty after documents were taken away.

      Asserting that the TMC is a registered political party that pays income tax regularly, Banerjee said the ED could have sought any legitimate information from the Income Tax Department.

      "The BJP is the biggest party of thieves," she charged, warning that restraint should not be mistaken for weakness.

      She also alleged large-scale deletion of voters’ names from electoral rolls through the Special Intensive Revision (SIR) process.

      "Do they think they can capture the state by deleting voters and raiding the IT cell offices of political parties?" she said, asserting that the Centre could not "bulldoze us using money and muscle power".

      Banerjee remained at the I-PAC office until Jain arrived and resumed work, leaving the premises around 4.14 pm.

      The searches, the ED said, were part of a probe into a 2020 case registered by the CBI against a coal smuggling syndicate allegedly led by Anup Majhi, alias Lala, accused of illegally excavating coal from Eastern Coalfields leasehold areas in and around Asansol in Paschim Bardhaman district.

      According to the ED, a hawala operator linked to the coal smuggling racket facilitated transactions of tens of crores of rupees to Indian PAC Consulting Pvt Ltd, the registered company of I-PAC.

      "IPAC is also one of the entities linked to hawala money," the agency alleged, maintaining that the proceedings were being conducted peacefully and professionally until the chief minister’s arrival.

      "It is clarified that the search is evidence-based and not targeted at any political establishment. No party office has been searched. The search is not linked to any elections," the ED said, adding that the actions of Banerjee and the police amounted to obstruction under the Prevention of Money Laundering Act (PMLA).

      The Indian Political Action Committee (I-PAC) is a political consultancy firm that works with parties and leaders on election strategy, campaign management, data analytics, and digital outreach. Founded by political strategist Prashant Kishor, I-PAC has been working with the TMC since June 2019.

      The BJP seized on the ED’s allegations to counter the TMC’s charge of political vendetta. Leader of Opposition Suvendu Adhikari demanded strong legal action against the chief minister for allegedly interfering with the work of a central investigating agency.

      The BJP’s state unit said attempts to politicise a lawful probe or undermine constitutional authorities weakened public trust in institutions and the rule of law.

      The timing of Thursday’s standoff has also hardened political lines and once again placed central investigative agencies at the centre of a fraught federal contest.

      The episode has revived memories of February 2019, when Banerjee rushed to the same Loudon Street area during a CBI search of then police commissioner Rajeev Kumar’s residence and later staged a dharna in the central Kolkata.

      Banerjee also announced a protest rally on Friday against the searches.

      "Tomorrow I will lead a protest rally from Jadavpur 8B bus stand to Hazra crossing," she said and asked people to participate in the over 5-km long rally. PTI PNT NES AMR SMY RBT PNT PYK PYK

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