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    Strict action to be taken against ministers, MLAs involved in corruption: Bihar CM
    Himachal's first-ever export shipment of cherries and plums reaches Oman
    Govt fast-tracks disinvestment process to shore up revenues, garners 31 pc of budget aim in Q1 FY27
    Standard Chartered processes real time remittance payments to India within seconds
    ESDS Software Solution Launches Swaraj Cloud: India’s AI-Autonomous Architect Cloud Platform
    Department of Commerce, Ministry of AYUSH and AYUSHEXCIL Convene Government Industry Brainstorming Session
    MPEDA Concludes Second National Skill Olympiad on Seafood Value Addition at Seafood Expo Bharat 2026
    FAQs on Mandatory Capture of Ship-to Field and Voluntary Closure of E-Way Bill, 2026
    Gross and Net GST revenue collections for the month of June, 2026
    Advisory on Revision of Timeline for Amendment of Aggregate Annual Turnover (AATO), 2026
    ‘Methyl Isocyanate of Law’: SC quashes verdict based on AI-generated precedents
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    CCI approves acquisition of 100% shareholding of Royal Challengers Sports Pvt Ltd. by a consortium comprising Big Banyan Holdings, Bolt IPL Holdings, ...
    CCI approves acquisition of certain shares in Krazybee Services and Finnovation Tech Solutions Private Ltd. by Mars Equity Dragon Fund VCC
    CCI approves proposed combination involving acquisition of shareholding of seven SPVs by Anantam Highways Trust (InvIT) and issuance of the units of I...
    CCI approves the proposed combination involving acquisition of certain shareholding in Nippon Life India AIF Management Limited by DWS Group GmbH & Co...
    Andhra clocks 16 per cent growth in tax revenue at nearly Rs 5,000 cr in June 2026
    EU issues new steel, e-commerce regulations to reduce trade imbalance with China
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July 2, 2026
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Anti-corruption enforcement strengthens vigilance courts, district police stations and witness support under transparency, technology and trust.
Strict anti-corruption enforcement will be applied against ministers, MLAs and officials found involved in corruption, with a zero-tolerance approach and action by vigilance and economic offences agencies. The state will strengthen corruption control through Transparency, Technology and Trust, establish Special Vigilance Courts, Vigilance Police Stations and Vigilance Outposts, provide transport allowance to witnesses, and promote anti-corruption awareness in schools.
July 2, 2026
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Export quality standards support Himachal Pradesh's first cherry and plum shipment reaching Oman, widening horticulture market access.
Himachal Pradesh's first export consignment of fresh cherries and plums has reached Oman, marking an initial international market entry for the state's horticulture produce. APEDA's regional office ensured compliance with international quality, grading, packaging and phytosanitary standards, while coordinating farmers, farmer producer organisations, cooperatives, exporters, HPMC, state departments and logistics partners. The development is presented as a step toward better returns for farmers and wider market access for horticulturists.
July 2, 2026
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Disinvestment and asset monetisation accelerate as the government boosts non-tax revenues and advances major divestment plans.
The government has accelerated disinvestment and asset monetisation to augment non-tax revenues amid fiscal pressure, raising about 31 per cent of its full-year target in the first quarter through offer for sale transactions and Infrastructure Investment Trust-based monetisation. It plans to strengthen the divestment pipeline further, with Life Insurance Corporation and IDBI Bank identified as major prospective transactions under the miscellaneous capital receipts framework.
July 2, 2026
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Cross-border remittance payments gain near real-time speed as Swift's retail framework enables faster, more transparent transfers to India.
Cross-border remittance payments to India are being processed through Swift's new retail payments framework with near real-time credit, end-to-end transparency, upfront cost certainty and no hidden foreign exchange deductions. Standard Chartered announced that it processed the first transaction under the scheme, completing the payment end-to-end in 37 seconds and demonstrating that participating banks can send money to India through Swift rails with settlement speed approaching domestic payment systems.
July 2, 2026
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Data sovereignty drives the launch of a sovereign cloud platform with built-in compliance, Indian jurisdiction and automated deployment.
Swaraj Cloud is launched as an AI-autonomous sovereign cloud platform built and operated entirely in India, with servers, storage, networks and workload processing designed to remain under Indian ownership and Indian legal jurisdiction. It is presented as addressing data sovereignty and residency obligations under the DPDP Act, MeitY cloud requirements and RBI cloud guidelines by embedding sovereignty at the infrastructure level. The platform also includes a Prompt-to-Production Solution Generator, compliance mapping, Indian Rupee billing, automated deployment and a broad stack of cloud, AI, security and compliance services.
July 2, 2026
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Global competitiveness of the AYUSH sector gains focus through quality assurance, branding, exports and international collaboration.
Government-industry stakeholders reviewed strategies to strengthen the global competitiveness of the AYUSH sector through innovation, quality assurance, branding, exports and international collaboration. The discussions covered export facilitation, scientific validation, WHO-GMP compliance, the Ayush Quality Mark, regulatory and market access challenges, and the need to expand global recognition for Indian AYUSH products and services. The session emphasised capacity building, international outreach, and alignment of Indian standards with international benchmarks.
July 2, 2026
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Seafood value addition skills gain focus as MPEDA promotes training, quality assurance and export-oriented processing excellence.
MPEDA organised the second National Skill Olympiad on seafood value addition at Seafood Expo Bharat 2026 to promote export-oriented seafood processing skills. The initiative followed 50 training programmes across the east and west coasts, where more than 2,500 workers and professionals were trained in preparing products demanded in international markets. Finalists were assessed on technical skill, hygiene, precision, presentation and product quality, alongside live demonstrations and tasting sessions of value-added seafood products.
July 2, 2026
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Mandatory Ship-to GSTIN and voluntary e-Way Bill closure reshape GST compliance, API validations, and delivery recording from August 2026.
Mandatory capture of Ship-to GSTIN is introduced for Bill-to/Ship-to and combination transactions in e-Way Bill and related e-invoice flows from 1 August 2026, with URP permitted where GSTIN is unavailable. The Ship-to GSTIN is captured only in the backend for verification and audit purposes and is not printed or shared through taxpayer-facing APIs. A voluntary e-Way Bill closure facility is also introduced, allowing closure after delivery by the supplier, recipient, transporter, driver or authorised person, through portal or API, with post-closure actions continuing during the initial stabilisation period.
July 2, 2026
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GST revenue collections show higher gross and net inflows, with domestic growth, import gains, and refund adjustments detailed.
Gross and net GST revenue collections for June 2026 were reported with a breakup of domestic revenue, import revenue, refunds, and net revenue. Gross GST revenue rose on a monthly and yearly basis, driven by higher domestic collections and stronger import-side IGST collections, while refunds were separately shown for domestic supplies and export-related refunds through ICEGATE. Net GST revenue was also presented after deducting refunds, and the figures were noted as provisional and subject to finalisation.
July 2, 2026
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Aggregate Annual Turnover amendment window revised on the GST Portal for FY 2025-26 with officer review timelines updated.
Aggregate Annual Turnover (AATO) functionality on the GST Portal is being upgraded to enable automatic updation of AATO as subsequent returns are filed after the amendment window. For FY 2025-26, taxpayers may submit AATO amendment applications from 1 July to 31 July 2026, and jurisdictional Tax Officers will review amended details from 1 August to 15 August 2026. The revised arrangement is intended to improve consistency, accuracy, and uniformity in AATO reporting.
July 2, 2026
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AI-generated precedents and judicial integrity: Supreme Court warns against hallucinated citations and demands human oversight in adjudication.
The Supreme Court stressed zero tolerance against citing, producing, or relying on fake, non-existent, or hallucinated precedents generated through artificial intelligence, and held that such material contaminates adjudication and undermines the sanctity of judicial decision-making. It said counsel commit misconduct by citing unverified AI-generated judgments, and that a judge's reliance on hallucinated material is an equally serious lapse. The Court also called for accountability measures and human oversight in the legitimate use of AI as an aid to adjudication.
July 2, 2026
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Money laundering probe over alleged CMRL-Exalogic transactions expands under PMLA amid payments without services and loan defaults.
Enforcement Directorate questioned the executive director of Cochin Minerals and Rutile Ltd. in a money laundering probe concerning alleged financial transactions between the company and Exalogic Solutions Pvt Ltd. The investigation concerns allegations that CMRL made payments without receiving corresponding services, and that related loan transactions were defaulted, forming the basis for examination of possible proceeds of crime under the Prevention of Money Laundering Act. The case was registered on the basis of a prosecution complaint filed by the Serious Fraud Investigation Office.
July 2, 2026
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Aadhaar update drive for students continues as education department says benefits and admissions will not be
Students in Maharashtra with non-updated Aadhaar records are being covered under an ongoing school-level registration and authentication drive, and the education department has stated that no student is to be deprived of government scheme benefits or educational opportunities because of pending Aadhaar updates. The minister said that around 5.5 lakh students up to 18 years of age had pending Aadhaar updates as of May 2026, but denied that this was affecting school admissions, scholarships, DBT access, examination forms or bank account linking.
July 2, 2026
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Competition approval for consortium acquisition of Royal Challengers Sports and its cricket franchise operations
The Competition Commission of India approved the acquisition of 100% shareholding of Royal Challengers Sports Private Limited by a consortium comprising Big Banyan Holdings, Bolt IPL Holdings, Times Internet, Times Cricket, ICQ Opportunities, Asia Investment Topco II and other investors. The combination involved collective acquisition by the identified acquirers, including newly incorporated investment and sports-related vehicles, and the target's business consists of owning and operating the Royal Challengers Bengaluru franchise and related professional cricket teams.
July 2, 2026
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Competition Commission approval for share acquisition in Krazybee Services and Finnovation Tech Solutions by Mars Equity Dragon Fund VCC.
The Competition Commission of India approved the acquisition of certain shares in Krazybee Services Limited and Finnovation Tech Solutions Private Limited by Mars Equity Dragon Fund VCC. The proposed combination concerns Krazybee, a non-deposit taking non-banking financial institution and middle layer Investment and Credit Company, and Finnovation, the technology company that operates the KreditBee app and provides loan sourcing and payment-service access, including Unified Payments Interface facilities.
July 2, 2026
Show AI Summary
Competition approval for infrastructure investment trust acquisition and unit issuance in highway project vehicles.
Competition approval was granted for a proposed combination involving the acquisition of shareholding in seven special purpose vehicles by Anantam Highways Trust, an infrastructure investment trust, together with the issuance of units of the trust to Build India Infrastructure Fund, Dilip Buildcon Limited and DBL Infraventures Private Limited. The transaction covered the SPVs connected with highway and expressway projects, and the parties were described by reference to their roles in infrastructure investment, engineering and construction, and related project development activities.
July 2, 2026
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Competition law approval for acquisition of shareholding in an alternative asset management company by a global asset manager.
Competition law approval was granted for a proposed combination involving the acquisition of certain shareholding in Nippon Life India AIF Management Limited by DWS Group GmbH & Co. KGaA. The target is engaged in alternative asset management and acts as an investment manager and/or sponsor to SEBI-registered alternative investment funds, and is also registered as a co-investment portfolio manager.
July 1, 2026
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Tax revenue growth and AI-driven enforcement strengthen revenue mobilisation, with net GST and IGST settlements rising sharply.
State tax revenue recorded strong year-on-year growth in June 2026, with total collections rising to nearly Rs 5,000 crore and net GST increasing to Rs 3,144 crore. Commercial taxes for the first quarter of FY27 also increased substantially compared with the corresponding period of the previous year, led by growth in net GST and VAT on petroleum products. The revenue performance was attributed to improved tax compliance, stronger enforcement, enhanced revenue monitoring and broader economic activity.
July 1, 2026
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E-commerce customs duty and steel import quotas mark the EU's push to curb unfair competition and protect industry.
The European Union introduced new trade measures to address the surge in low-value e-commerce imports and protect domestic industry from unfair competition. The package removes the de minimis customs duty exemption for parcels valued below 150 euros and imposes a new 3 euro customs duty on small packages, while also introducing new steel import rules with tariff-free quotas, a 50 per cent out-of-quota duty, and enhanced traceability requirements for the melt and pour stage of production.
July 1, 2026
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GST compliance and tax administration drive Punjab's higher revenue collections, faster refunds, and stronger anti-evasion enforcement.
Punjab's GST revenue showed a substantial rise in the April-June quarter of FY 2026-27, with gross GST and SGST collections reflecting improved compliance, sustained economic activity and stronger tax administration. Timely GST refunds were issued to genuine businesses, while action against tax evasion included penalty recoveries, proceedings against bogus taxpayers for fake invoicing and fraudulent registrations, recovery of long-pending VAT dues through property auction proceedings, and an increase in VAT/CST collections.

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Customs & Trade

Bharat Buildcon 2026 Generates Rs. 400 Plus Crore Business, Emerges as India's Largest Global Platform for Building Materials Industry

June 22, 2026

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Four-Day Mega Expo at Yashobhoomi Attracts 40,000+ Visitors from Across the Globe; Participants from 30+ Countries and 100+ Indian Cities Drive Business, Partnerships and Global Expansion New Delhi [India], June 22: Bharat Buildcon 2026, India's premier exhibition for the building materials, construction and infrastructure sectors, concluded on a high note at Yashobhoomi, New Delhi, reaffirming India's position as a global manufacturing and sourcing hub. The four-day event witnessed participation from more than 40,000 visitors, delegates and buyers from around the world, creating unprecedented business opportunities for Indian manufacturers and suppliers.

With participants representing over 30 countries and more than 100 cities across India, Bharat Buildcon 2026 successfully delivered on its vision of becoming the country's "One Nation, One Expo" platform for the building materials ecosystem. The exhibition facilitated business transactions worth over ₹400 crore during the event and generated more than 8,000 high-potential business leads, many of which are expected to translate into substantial commercial partnerships in the coming months.

Bringing together manufacturers, exporters, architects, builders, developers, contractors, distributors, retailers and global buyers under one roof, Bharat Buildcon 2026 created a unique marketplace that connected Indian businesses with domestic and international opportunities. The event showcased India's manufacturing capabilities across ceramics, sanitaryware, tiles, natural stone, laminates, paints, hardware, construction materials and allied sectors.

A major highlight of this edition was the strong international participation, which provided Indian companies—particularly MSMEs and emerging manufacturers—with direct access to global markets. The expo enabled Indian brands to engage with buyers, distributors and sourcing partners from multiple countries, helping them explore export opportunities and strengthen their international footprint.

Speaking on the success of the event, Mr. Vishal Acharya, Director, Bharat Buildcon, said, "The success of Bharat Buildcon 2026 goes far beyond the business generated during the exhibition. One of the most significant achievements of this edition was bringing together industry leaders, government departments and global buyers on a single platform. The active participation of key institutions and departments such as the Central Public Works Department (CPWD), Government e-Marketplace (GeM), Department of Commerce, Ministry of Housing and Urban Affairs, and various MSME stakeholders created meaningful opportunities for collaboration, knowledge exchange and business growth. Through a series of interactions and discussions, Indian manufacturers gained valuable insights into government procurement programmes, export promotion initiatives, quality standards and market access opportunities. The strong presence of international buyers and delegates further reinforced the growing global acceptance of Make in India products. Bharat Buildcon has showcased how industry-government collaboration can help Indian manufacturers scale globally, strengthen exports and contribute to India's vision of becoming a leading manufacturing and export hub for the world." Sharing his views, Mr. Jitendra Kathiriya, Director, Bharat Buildcon, said, "The response from participants across India has been phenomenal. Companies from more than 100 cities participated and utilized this platform to connect with global buyers and business partners. Bharat Buildcon has successfully provided national players with an international platform, enabling them to showcase their products, expand their networks and secure meaningful business opportunities during the four-day event." Highlighting the industry's growth prospects, Mr. Nilesh Jetpariya, Chairman, CAPEXIL, said, "In today's competitive global marketplace, industry requires strong business platforms that can connect manufacturers directly with buyers. Generating business worth more than ₹400 crore in just four days is a remarkable achievement. Events like Bharat Buildcon help Indian industries expand globally, enhance exports, strengthen brand visibility and unlock maximum business potential for manufacturers across sectors." Commenting on the overall success and future roadmap, Mr. Vijay Aghara, Director, Bharat Buildcon, said, "The response received from exhibitors, buyers and visitors has exceeded expectations. While the event has already facilitated substantial business transactions, more than 8,000 qualified leads generated during the exhibition are expected to convert into significant business opportunities in the future. We are committed to making the next edition even bigger, introducing new initiatives, expanding international participation and creating greater value for the entire industry ecosystem." The success of Bharat Buildcon 2026 underscores the growing importance of integrated trade exhibitions in accelerating industrial growth, promoting exports and strengthening India's position in global supply chains. By bringing together stakeholders from across the value chain on a single platform, the exhibition has demonstrated how collaborative industry initiatives can drive economic growth, facilitate innovation and create new business opportunities.

As India continues to emerge as a preferred manufacturing destination, Bharat Buildcon is playing a pivotal role in connecting domestic enterprises with global markets, fostering industry partnerships and supporting the vision of making India a leading force in the international building materials and construction sector.

Powered By • JSW Diamond Sponsors • Solorex Tiles • Rafttaar.ai • Shree Cement • Bangur Cement • KICH India Gold Sponsors • Jindal Steel • Pidilite • Coverstone Ceramic • HUMBEE Associate Sponsors • Kajaria • Century Ply • Jaguar • Action TESA Security Partner • Harrison Locks For More Details Matik Meman PRarambh Public Relations [email protected] (Disclaimer: The above press release comes to you under an arrangement with PNN and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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