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    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
    HIGHLIGHTS
    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
    PM Modi, UK PM Burnham commit to harnessing full potential of mega trade deal
    ITC Q1 profit declines 15.6 pc to Rs 4,508.79 cr; non-cigarette FMCG posts robust growth
    Punjab extends deadline of one-time scheme for settling tax dues of pre-GST period till Sept 30
    PM Modi speaks to UK counterpart Burnham
    Bank credit to industry records robust growth of 19.2 pc in June: RBI data
    Delhi protesters' fingerprints collected from stones for identification via Aadhaar: BJP minister
    Cabinet approves Rs 84,084-cr offshore exploration scheme; govt to fund up to Rs 650 cr per well
    India's forex reserves jump USD 6.12 bn to USD 682.35 bn
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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.
    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.
    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.
    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.
    July 31, 2026
    Show AI Summary
    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.
    July 31, 2026
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    Biometric identification of protesters through alleged fingerprint-Aadhaar linkage was described alongside criminal-background profiling and database creation.
    Biometric identification of protesters through fingerprints recovered from alleged stone-pelting evidence was publicly described as a proposed investigative method. A minister stated that fingerprints allegedly found on stones would be linked with Aadhaar numbers to identify participants and examine their prior records. The account also referred to analysis and categorisation of detained protesters' criminal backgrounds, creation of a separate database, and proposed action against participants described as anti-social elements or persons with criminal records.
    July 31, 2026
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    Offshore hydrocarbon exploration support funds high-risk deepwater drilling, shared infrastructure and data acquisition to strengthen domestic energy production.
    The National Offshore Exploration Scheme provides public support for deepwater and ultra-deepwater oil and gas exploration, including seismic and offshore data acquisition, exploratory drilling in frontier basins, and common production and evacuation infrastructure. It addresses the high cost and geological uncertainty of offshore drilling and includes technology adoption, digital programme management, capacity building and collaboration measures. The scheme seeks to expand domestic hydrocarbon discoveries and production, attract investment across the exploration and production value chain, and reduce reliance on imported oil and gas.
    July 31, 2026
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    Foreign exchange reserves increased as foreign currency assets and gold holdings rose, alongside measures to attract forex inflows.
    India's foreign exchange reserves increased during the reporting week, principally because foreign currency assets and gold reserves rose. Foreign currency assets, expressed in United States dollar terms, include valuation effects from movements in currencies such as the euro, pound and yen. Special Drawing Rights and the reserve position with the International Monetary Fund declined. Measures including the FCNR(B) measure were reported as efforts to attract foreign-exchange inflows following rupee pressure and dollar-sales intervention.

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      Building India's Multifaceted Future: The Oikoshreem Group and Saubhagya Vardhan's Vision for Sustainable Growth

      January 12, 2026

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      Lucknow — In an era where diversified business models are reshaping India's entrepreneurial landscape, few visionaries demonstrate the breadth and depth of innovation seen in the Oikoshreem Group. Spearheaded by Dr. Saubhagya Vardhan, this multifaceted conglomerate has established itself as a formidable force across real estate, renewable energy, healthcare, financial services, infrastructure, and information technology sectors.​ The Architect Behind the Vision Dr. Saubhagya Vardhan's journey to becoming one of India's youngest and most accomplished entrepreneurs is marked by global exposure and strategic foresight. Having completed his higher education in the United States and the United Kingdom, including credentials from prestigious institutions like London Business School and the University of California, Berkeley, Vardhan returned to India with a mission to revolutionize multiple industries simultaneously.​ His professional background spans roles with renowned organizations and diverse sectors, equipping him with the expertise necessary to challenge conventional business paradigms. This global perspective informs a leadership philosophy centered on uplifting others and ensuring that impact outlives individual presence—an approach that permeates all Oikoshreem Group ventures.​ A 360-Degree Business Ecosystem The Oikoshreem Group operates as a comprehensive business conglomerate encompassing multiple divisions, each addressing critical gaps in India's economy.​ Oikoshreem Infratech Private Limited stands as the flagship entity, transforming infrastructure and real estate through technology-driven solutions and diversified project execution. Recognizing that India's real estate market is largely unorganized, with a market size estimated in the tens of billions of dollars and a shortage of professional, tech-enabled distributors, Infratech positions itself as a comprehensive real estate and infrastructure solution provider using modern systems and robust logistics at scale.​ Beyond residential and commercial real estate, Oikoshreem Infratech has significantly expanded its portfolio into critical government infrastructure projects. The company actively undertakes highway construction, mining-related works, and large-scale earthwork and compaction services, demonstrating its capability to execute complex public sector and infrastructure development initiatives. This diversification underscores the organization’s technical expertise and elevates it from a real estate-focused company to a comprehensive infrastructure solutions provider. The company has brought together thousands of channel partners, associates, and a large on-ground sales and execution force, reflecting the scale at which it now operates across multiple business verticals. These networks enable Oikoshreem to reach diverse customer segments while maintaining operational depth in project delivery.​ Oikoshreem Realtors Private Limited focuses on premium real estate development, management, and advisory services. The division emphasizes quality control and client service excellence, offering residential, commercial, industrial, and hospitality real estate solutions aligned with evolving customer expectations and urban growth patterns.​ Oikoshreem Solar exemplifies the group's commitment to renewable energy and sustainability. As an EPC (Engineering, Procurement, and Construction) solution provider, it contributes to India's national solar mission by deploying rooftop and ground-mounted solar systems and related clean energy solutions, aligning the group with the country's long-term green energy transition.​ Oikoshreem Healthcare Private Limited extends the group's reach into medical services and consulting, offering healthcare-oriented solutions designed to improve accessibility and quality of care through structured, professional services.​ Oikoshreem Infotech Private Limited leverages the digital revolution through application development, web development, digital marketing, bulk messaging, and integrated IT solutions. This division serves as the technological backbone of the group, supporting both internal innovation and external clients’ digital transformation journeys.​ Oikoshreem Financial Solutions Private Limited operates as a specialized financial services arm, providing lending, financing, and related financial products, with an eye on helping individuals and businesses access structured financial solutions in a rapidly formalizing economy.​ Beyond commercial ventures, Oikoshreem Trust underscores the group's social responsibility mandate, addressing complex development challenges through community-centric initiatives focused on empowerment, inclusion, and long-term societal upliftment.​ Redefining Real Estate and Infrastructure Across Multiple Sectors One of Vardhan's most significant contributions has been addressing India's affordable housing crisis while simultaneously building robust infrastructure capabilities. Independent assessments indicate that economically weaker sections and low-income groups account for a very large share of the country's total housing shortage, highlighting the need for innovative delivery mechanisms and inclusive products.​ Oikoshreem Infratech’s response goes beyond conventional real estate models. The company offers tailor-made, cost-conscious housing and land solutions in emerging and tier-2 markets, recognizing that urban and semi-urban regions require localized strategies and thoughtful product design. By treating land and regulatory constraints as design challenges rather than barriers, the organization has enabled thousands of families from middle-income and economically weaker segments to move closer to home ownership and secure asset creation. The company’s expansion into government infrastructure projects—including highway construction, mining-linked works, and large-scale earthwork and compaction—further reflects its commitment to nation-building. These projects demand precision engineering, sophisticated project management, and adherence to stringent public-sector specifications, showcasing Oikoshreem Infratech’s capability to contribute directly to India’s infrastructure growth story. Coal Mining: A High-Growth Opportunity for Oikoshreem India’s coal mining sector has entered a phase of record expansion, creating a significant opportunity landscape for infrastructure-oriented players like the Oikoshreem Group. India’s coal production crossed the one billion tonne milestone in FY 2024–25, with cumulative output reaching around 1,047–1,065 million tonnes and registering annual growth of nearly 5 percent, while production from captive and commercial coal mines has grown at an even faster pace—above 25 percent in recent years.​ Coal still contributes well over half of India’s total energy supply and powers more than 70 percent of electricity generation, even as renewable energy capacity accelerates. With policy reforms opening up commercial coal mining to the private sector and a strong pipeline of new blocks, there is rising demand for specialized partners in overburden removal, mine development, haul roads, and associated civil and earthwork activities. For Oikoshreem Infratech—already engaged in mining-related works and large earthwork compaction—this evolving coal ecosystem represents a natural growth avenue where its engineering capabilities, equipment ecosystem, and project management expertise can be leveraged to secure long-duration contracts, diversify revenue, and contribute directly to India’s energy security and Atmanirbhar Bharat objectives.​ Inclusive Growth and Employment Generation The Oikoshreem Group’s approach to business goes beyond profit maximization, embracing an inclusive employment model that opens opportunities to a wide cross-section of society. Through its real estate, infrastructure, and services ecosystem, the group actively engages retired professionals, homemakers, and unemployed youth, recognizing that construction and real estate are among India’s largest employment generators and can be powerful vehicles for upward mobility.​ In addition, the group emphasizes social initiatives such as women-focused benefits and customer protection measures. Campaigns that promote property ownership among women, coupled with value-added offerings like health insurance linked to product sales, reflect a deliberate commitment to equitable access and long-term customer well-being rather than transactional engagement alone. Technology as a Differentiator Across its verticals, the Oikoshreem Group treats technology as a strategic asset rather than a cost center. Digital platforms, analytics, and automation are integrated into sales, customer engagement, project monitoring, and service delivery, enabling the group to provide more transparent, efficient, and scalable solutions to clients across income segments. This philosophy spans its real estate consulting, digital marketing, IT services, renewable energy monitoring, and infrastructure project management systems. By embedding technology into both front-end and back-end operations, the group enhances customer experience, improves operational control, and positions itself competitively in markets that are rapidly formalizing and digitizing. This tech-forward approach also allows Oikoshreem to adapt quickly to shifts in consumer behavior and regulatory frameworks.​ Navigating Market Evolution The group’s diversified portfolio reflects a deep understanding of macro trends shaping India’s growth story. In real estate, shifts in work patterns, post-pandemic preferences for owned and larger homes, and rising aspirations in tier-2 and tier-3 cities are redefining demand, and Oikoshreem’s presence across land aggregation, distribution, and development provides resilience in this evolving environment.​ Simultaneously, India’s infrastructure push, renewable energy targets, and financial inclusion agenda open multiple growth corridors. The group’s combined capabilities in infrastructure execution, solar EPC, IT services, and financial solutions ensure that it is well positioned to participate in this next phase of India’s transformation, from roads and mining sites to rooftops and digital platforms.​ The Broader Impact What distinguishes the Oikoshreem Group under Saubhagya Vardhan’s leadership is the seamless integration of commercial success with social purpose. The organization demonstrates that sustainable business models can generate shareholder returns while advancing community development, employment, and access to essential services. As India continues its economic expansion and rapid urbanization, enterprises like Oikoshreem—combining global best practices with local insights, technology with human capital, and growth with responsibility—are poised to become defining examples of 21st-century Indian entrepreneurship. Dr. Saubhagya Vardhan’s journey from studying global markets to building a diversified conglomerate that addresses challenges from affordable housing and infrastructure to clean energy and financial access showcases the potential of a new generation of Indian business leaders. In doing so, the Oikoshreem Group contributes not only to enterprise value, but also to the foundational infrastructure and services required for inclusive, sustainable national development. https://oikoshreemgroup.com/ https://saubhagyavardhan.com/ https://youtu.be/jqwiSjy7QiM?si=ZH25mMq8YzHDONdV (Disclaimer: The above press release comes to you under an arrangement with NRDPL and PTI takes no editorial responsibility for the same.). PTI

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