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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
    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
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    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.
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    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.
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    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.
    July 31, 2026
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    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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    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.
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    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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    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.
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    July 31, 2026
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    One-Time Settlement Scheme offers final pre-GST tax dispute resolution relief before stricter recovery action against defaulters begins.
    The One-Time Settlement Scheme 2025 for pre-GST tax dues has been extended until September 30. Eligible taxpayers may resolve pending legacy tax disputes with full waiver of interest and penalties and slab-wise relief in principal tax. After the deadline, recovery action may be intensified under applicable tax laws and the Punjab Land Revenue Act, including property attachment, auction and freezing of bank accounts. The department also supports amicable settlement of tax disputes through the SAMADHAN initiative.
    July 31, 2026
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    Bilateral trade agreement implementation supports expanded trade, investment and strategic cooperation through technology, security, clean energy and community links.
    The India-UK Comprehensive Economic and Trade Agreement was identified as a framework for expanding bilateral trade and investment opportunities following its operationalisation. The two governments proposed closer cooperation to use the agreement for shared prosperity, while advancing their comprehensive strategic partnership through technology, innovation, defence, security, clean energy, education and people-to-people links.
    July 31, 2026
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    Sectoral bank credit growth reflects broad-based expansion across industry, services, agriculture and personal loans, with slower credit-card growth.
    Sectoral bank credit growth accelerated across non-food lending, agriculture, industry, services and personal loans. Industrial credit expanded across micro and small, medium and large enterprises, with strong lending to infrastructure, engineering, food processing, textiles, construction, metals, petroleum-related products and chemical products. Services lending was supported by non-banking financial companies, commercial real estate and trade. Vehicle and housing loans maintained double-digit growth, while credit-card outstanding growth decelerated.

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      Chandigarh University Wins 11 Gold Medals; Lifts Overall AIU Inter-University Championship 2025-26

      January 10, 2026

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      Chandigarh University wins 16 Medals: Clinches championship trophy in Freestyle and Greco-Roman category Chandigarh, India (NewsVoir) Chandigarh University once again stamped its authority on Indian university sports by delivering a historic double triumph at the All-India Inter-University Wrestling Greco-Roman and Freestyle Championship 2025–26, clinching the Overall Championship titles in both Greco-Roman and Freestyle categories by winning a total of 16 medals including 11 Gold (6 in Greco Roman and 5 in Freestyle), 3 Silver (Freestyle) and 2 Bronze medals (1 each in both categories) in both categories.

      In Greco-Roman wrestling, Chandigarh University emerged as the undisputed champion finishing first overall, followed by Lovely Professional University in second place and Kurukshetra University in third. In Greco Roman, CU clinched the top spot with a total of 7 medals including 6 Gold 1 Bronze medal, Lovely Professional University (LPU) secured 2nd place with total 5 medals including 2 Gold and 3 Bronze medals and Kurukshetra University with total 3 medals including 1 Gold and 2 Bronze medals to secure 3rd place in the Greco Roman category.

      In GR category, CU grapplers clinched gold medals in six weight categories including commanding victories by Kapil Dalal (60 kg), Saurabh (67 kg), Umesh (82 kg), Prince (87 kg) and Hardeep (130 kg), many of them registering emphatic, one-sided wins that showcased superior strength, technique and tactical brilliance of these grapplers.

      Chandigarh University’s dominance continued in Freestyle wrestling, where the varsity again finished first overall ahead of MDU Rohtak and Lovely Professional University. Standout performances included gold medal wins by Tushar (61 kg), Deepanshu (65 kg) and Paras (79 kg) with several bouts decided by large margins reflecting the aggressive yet composed approach of CU wrestlers on the mat. With total 9 medals including 5 Gold, 3 Silver and 1 Bronze, CU secured 1st place in Freestyle category and MDU Rohtak, Haryana with total 3 medals including 1 silver and 2 Bronze medals to secure 2nd place and Lovely Professional University with total 3 medals including 2 Silver and 1 Bronze medals had to suffice with 3rd place in the same category.

      The prestigious five-day national championship held from January 5 to 9 under the aegis of the Association of Indian Universities (AIU) was hosted by the Chandigarh University and witnessed electrifying bouts amid biting winter conditions. The national wrestling championship saw participation from over 200 universities across the country with more than 2700 wrestlers competing in over 2000 bouts across 20 weight categories in Greco-Roman and Freestyle wrestling. Against this fiercely competitive contests, Chandigarh University grapplers delivered power-packed and disciplined performances, underlining the university’s growing stature as a powerhouse of university sports in India.

      Highlighting individual brilliance, Hardeep clinched gold in the Greco-Roman 130 kg category with an overwhelming 8–0 victory over Nitin of PU Gujarat, while Tushar dominated Kapil of JMAU Kota by 11–0 in the freestyle 61 kg final.

      In a final bout, Nishant from Gondwana University Maharashtra defeated Sourabh from LPU Punjab by 7-5 points to clinch Gold in 74 kg weight category.

      Deepanshu registered a convincing 10–0 win in the 65 kg freestyle category and Paras held his nerve in a thrilling 11–8 contest to secure gold in the 79 kg freestyle final. Several other CU wrestlers impressed with their resilience and tactical maturity, adding to the university’s rich medal haul.

      In another closely contested final bout, Manish from KUK Haryana defeated Nikhil from KN Modi University, Rajasthan by a margin of 9-6 points to win gold medal in Greco Roman 55 kg weight category.

      In a nail-biting final bout, Paras from Chandigarh University defeated Ankit from MSBU Rajasthan by 11-8 points to clinch gold medal in 79 kg freestyle category.

      In a final bout in freestyle 57 kg weight category, Rohit from KUK Haryana defeated Chandigarh University wrestler Rupesh by a margin of 4-1 to win the gold medal and Rupesh won the silver medal.

      In a one-sided contest, Kapil Dalal, a grappler from Chandigarh University defeated Sahil from BMU Haryana by 15-7 points to clinch the gold medal in the 60 kg Greco Roman category. In the Greco-Roman category (82 kg) final bout, Chandigarh University’s Umesh put up a spectacular display of strength and agility to defeat Vijay from GUG University by 12-2 points.

      In a nail-biting final bout, Prince from Chandigarh University defeated Ankit of Chaudhary Ranbir Singh University, Jind by 5-4 points to win gold in 87 kg Greco Roman category. In another final bout, Saurabh from Chandigarh University put on a spectacular show of strength and agility to defeat his opponent Sunil of Desh Bhagat University Punjab by 9-4 points to win gold medal in the 67 kg Greco Roman category.

      Earlier, several power-packed performances were witnessed in the semi-finals on the final day of the championship. In a semi-final bout, Rupesh from Chandigarh University defeated Akash from PU, Patiala by a margin of 6-5 points in 57 kg freestyle category and Rohit from KUK Haryana defeated Jaiveer from Mahatma Gandhi Kashi Vidyapeeth Varanasi by 8-2 points to secure place in the finals in the same category.

      In the semi-final bout, Manish from Kurukshetra University, Haryana defeated Nitin from LPU, Punjab by a margin of 9-3 points in the Greco-Roman 55 kg weight category. In another semi-final, Vikash from PU, Patiala defeated Omkar from SU, Kolhapur by a margin of 7-0 in a one-sided contest in 72 kg Greco-Roman category.

      In another one-sided contest, Mohit from Guru Kashi University Punjab defeated Suraj from KUK, Haryana by a huge margin of 9-0 in Greco-Roman 72 kg weight category. In semi-final bout, Dheeraj from Baba Mastnath University, Rohtak, delivered a remarkable performance, dominating Vinay Gurjar of Chaudhary Devi Lal University, Sirsa, winning the match with a decisive 11-0 margin. In the second semi-final, Sachin from Lovely Professional University, Punjab put on a spectacular show of strength and agility to defeat Atul Lohan of Sant Baba Bhag Singh University, Jalandhar by a thin margin of 9-8 points to advance to the final.

      Elated over the marvelous victory of Chandigarh University, while congratulating the CU grapplers, Deepinder Singh Sandhu, Senior Managing Director, Chandigarh University said, “It indeed is a proud moment for Chandigarh University that our wrestlers have delivered spectacular performances in the All-India Inter-University Wrestling Championship to become the overall champion by winning 11 Gold medals. With this brilliant performance, CU not only successfully hosted one of the largest inter-university wrestling championships in the country but also reinforced its reputation as a breeding ground for national-level sporting talent.” Sandhu added, “Wrestling is not merely a sport but its pride of our nation and an integral part of India’s rich cultural heritage. Chandigarh University remains committed to encouraging young athletes to participate in traditional sports as staying connected to our roots is essential for the nation’s progress and development. The university provides world-class infrastructure and scholarships to its athletes to help them progress from the akhara to the Olympic stage.” “In 2024, Chandigarh University became the country’s first private university to win the prestigious Maulana Abul Kalam Azad (MAKA) Trophy after securing a record 71 medals at the Khelo India University Games. In addition, the university won the Khelo India University Games for two consecutive years in 2024 and 2025. Chandigarh University students have won a total of 610 medals, including 138 national and 87 international medals. CU provides sports scholarships with an annual budget of Rs 6.5 crore and offers free facilities such as special diets, sports kits, travel, coaching, hostel accommodation, and other amenities. A total of 1,183 student-athletes, including 562 women, are currently benefiting from sports scholarships at Chandigarh University,” added Sandhu.

      About Chandigarh University Chandigarh University is a NAAC A+ Grade University and QS World Ranked University. This autonomous educational institution is approved by UGC and is located near Chandigarh in the state of Punjab. It is the youngest university in India and the only private university in Punjab to be honoured with A+ Grade by NAAC (National Assessment and Accreditation Council). CU offers more than 109 UG and PG programs in the field of engineering, management, pharmacy, law, architecture, journalism, animation, hotel management, commerce, and others. It has been awarded as The University with Best Placements by WCRC.

      Website address: www.cuchd.in.

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

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