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    Customs seizes 8 kg gold worth over Rs 11 cr at Kerala airports in one week
    Drill, Baby, Drill: India to fund Rs 650 cr per well for 60 deepsea wells to break its oil import habit
    Punjab GST revenue rises 20 pc to Rs 10,447 crore in April-July: Cheema
    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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    August 2, 2026
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    Gold smuggling detection targets sophisticated concealment methods through strengthened passenger profiling, intelligence gathering and coordinated investigations into organised networks.
    Gold smuggling detection at Kerala airports led to multiple seizures, registration of cases and arrests in alleged smuggling attempts. Organised networks reportedly use gold in paste or compound forms concealed in clothing, body cavities, aircraft seats and other unconventional locations. Enforcement measures include strengthened passenger profiling, intelligence gathering and inter-agency coordination, while investigations continue to identify associated syndicates and financiers.
    August 2, 2026
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    Offshore exploration funding supports deepwater drilling, shared infrastructure and seismic data to strengthen domestic hydrocarbon production potential.
    The Samudra Manthan National Offshore Exploration Scheme provides direct budgetary support for high-risk deepwater and ultra-deepwater exploratory drilling, subject to cost-sharing and per-well limits. Support is available to eligible operators holding or securing exploration acreage. The scheme also funds offshore data acquisition and shared subsea, receipt and processing infrastructure through a Common Hub Infrastructure model. It is intended to promote risk exploration, improve commercialisation of offshore discoveries and strengthen domestic hydrocarbon production potential within the existing exploration and licensing framework.
    August 1, 2026
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    GST compliance enforcement combines taxpayer refunds, analytics-based fraud detection, cancellation of fake registrations, and recovery of outstanding VAT arrears.
    Punjab attributed increased GST collections to voluntary compliance, intelligence-based enforcement and technology-driven tax administration, while facilitating compliant taxpayers through timely GST refunds. Data analytics, risk profiling and field verification were used to identify tax evasion, bogus billing, fake input tax credit networks and misuse of the GST registration framework. Measures included penalties, cancellation of fraudulent registrations and recovery of long-pending VAT arrears through attachment and auction of defaulters' properties.
    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
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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.

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      India Watch Weekend 2026 Delivers Another Successful Showcase of Global Watchmaking

      January 28, 2026

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      Mumbai welcomed collectors, brands, and global watch leaders as India Watch Weekend confirmed its position as a key international horological rendezvous. Mumbai, Maharashtra, India – Business Wire India Collectors, enthusiasts, industry leaders, and members of the international watch community gathered in Mumbai in January 2026 for the second edition of India Watch Weekend, India’s largest horological event. Hosted at the Four Seasons Mumbai, the event marked a significant evolution from its inaugural year, bringing together heritage maisons and independent watchmakers under one roof in an expanded, immersive format. Building on the momentum of its debut edition, India Watch Weekend 2026 welcomed 18 brands, over 1000+ unique visitors, and featured over 25 curated experiences across two days dedicated to fine watchmaking, education, and community. The event attracted attendees from across India as well as international guests and delegates from Qatar, China, the United Arab Emirates, Yemen, the United Kingdom, Singapore, Finland, Japan, France, Colombia, Australia, South Korea, Turkey, and more, underscoring India’s growing influence within the global watch landscape. A Curated Line-Up Bridging Heritage and Independence Participating brands this year included A. Lange & Söhne, Jaeger-LeCoultre, Panerai, Roger Dubuis, Baume & Mercier, Grand Seiko, DOXA, Titan, Moritz Grossmann, Tutima, EPOS, Laine Watches, MING, GENUS, Adra Labs, Nalla Neram, Charles Oudin, and FutureGrail. A notable milestone for the 2026 edition was the official presence of the Fondation de la Haute Horlogerie (FHH), marking its first participation at India Watch Weekend and reinforcing the event’s growing international stature. For the first time, leading international maisons shared the stage with cutting-edge independents and Indian creators, offering a rare and well-balanced panorama of contemporary horology. Guests registered for sessions and experiences via the official India Watch Weekend platform, with curated access designed to encourage meaningful interaction between collectors, brands, and watchmakers. “More Than a Showcase” “India Watch Weekend 2026 exceeded everything we had hoped for. The energy, enthusiasm, and sense of community over the weekend truly reaffirm why we started this platform. Seeing collectors, brands, and enthusiasts come together so seamlessly was incredibly rewarding, and we’re deeply grateful to everyone who made it such a success”, Karishma Karer, Co-Founder, India Watch Weekend.” The weekend opened with a private preview of A. Lange & Söhne timepieces alongside their watchmaker’s workshop, followed by a dense program of brand presentations, panel discussions, live watchmaking demonstrations, and collector-focused conversations. Over the course of the weekend, attendees were invited to engage deeply with both technical and creative aspects of watchmaking, from movement architecture and finishing to independent brand philosophy and market evolution. Alongside this, Chambers of Titan took the guests on a nostalgic trip through the brand's history and unique timepieces on display. To add to this visual and educational journey, live music accompanied the Chambers, instantly resonating with the esteemed guests. Conversations, Craft, and Community The programme brought together thought-provoking conversations, hands-on craftsmanship, and a strong sense of community. Highlights included panel discussions such as Do Watches Make You Money?, When Luxury Grows, Does Desire Shrink?, Are Women Rewriting the Rules of Power in Luxury?, and Taste vs Opportunity: Does Money Buy Taste—or Just Access? Speakers included Rohan Sachdev (EY India Consulting Leader & EY Africa–India Managed Services Leader), Jan Edöcs (CEO, DOXA), Pascal Ravessoud (Vice President, FHH), Claire Berthet (President, Charles Oudin), Niladri Mazumder (President & COO, SWI), and Ranjani Krishnaswamy. Chief Marketing Officer. Titan Company Limited, Praneeth Rajsingh (CEO, MING), Ali Nael (CEO, FutureGrail), among others. Beyond the panels, hands-on demonstrations offered guests an intimate look at the mechanics and artistry of watchmaking, Sake tasting by Grand Seiko, where collectors gathered to experience the Japanese heritage of the brand, and a high-powered foosball challenge by DOXA - with the winning team taking back a DOXA timepiece home! In contrast, collector roundtables encouraged open dialogue between seasoned connoisseurs and emerging enthusiasts—underscoring the event’s commitment to education, access, and exchange. Mumbai as a Global Horological Destination Set against the backdrop of Mumbai — one of Asia’s most dynamic cultural and commercial capitals — India Watch Weekend unfolded at a moment when India’s role in global watchmaking continues to accelerate. The city’s energy, diversity, and increasingly sophisticated collector base provided a fitting stage for an event designed to connect local passion with international expertise. Beyond the exhibition spaces, India Watch Weekend offered attendees the opportunity to network, exchange perspectives, and build lasting relationships in a relaxed yet highly curated environment. Looking Ahead India Watch Weekend 2026 successfully demonstrated that India is no longer a peripheral market, but an active and influential participant in the global watch conversation. By bringing together prestigious maisons, independent creators, collectors, and institutions in a single, thoughtfully curated setting, the event reaffirmed its mission to foster long-term growth, education, and collaboration within the Indian watch community. “This edition of India Watch Weekend was a powerful reflection of how far the Indian watch community has come. The conversations, the craftsmanship on display, and the camaraderie throughout the weekend made it unforgettable. We thank all our exhibitors and partners and look forward to building on this momentum in the years ahead.”, Punit Mehta, Co-Founder, India Watch Weekend. About India Watch Weekend India Watch Weekend (IWW) is India's landmark luxury watch event celebrating the culture, craftsmanship, and community of fine watchmaking. Founded by industry veterans Karishma Karer and Punit Mehta, IWW brings together collectors, enthusiasts, brands, retailers, and media on a comprehensive platform that honors Indian watch culture while connecting it with the global horological community. More than a traditional exhibition, IWW embodies three core pillars: Collect (immersive exhibitions and masterclasses), Connect (dialogue between enthusiasts and watchmakers), and Celebrate (honoring the craft and joy of watchmaking). The inaugural 2025 edition attracted over 450 attendees from across India and internationally, establishing IWW as an annual fixture on the global watch calendar. IWW positions India as an influential hub in the global watch ecosystem - a place where sophistication, knowledge, and passion receive the recognition they deserve, and where the international watch community actively engages rather than merely markets. For more information, visit www.theindiawatchweekend.comhttps://www.instagram.com/india_watch_weekend/?hl=e To View the Image, Click on the Link Below: L-R : Punit Mehta, Co-Founder, India Watch Weekend, Karishma Karer, Co-Founder, India Watch Weekend, Amit Sinha, COO, Richemont India.

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

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