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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
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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.
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.
July 31, 2026
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Digital marketplace access for women's self-help group products expands e-commerce opportunities while panchayat-level citizen services are strengthened.
Digital marketplace access for women's self-help group products is proposed through a memorandum of understanding between CSC eStore and the Jharkhand State Livelihood Promotion Society. Products marketed under the 'Palash' and 'Adiva' brands are intended to be offered through an e-commerce network to widen market access, support rural women's income and entrepreneurship, and strengthen the rural economy. Digital panchayat services are also being expanded through Common Service Centres, including banking, e-governance and Aadhaar-related services.
July 31, 2026
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Agricultural export facilitation expands market access for late-season mangoes through farmer aggregation and direct global market linkages.
Agricultural export facilitation enabled an air shipment of late-season Neelam and Totapuri mangoes to an international market, expanding market access and extending the mango export season. Direct sourcing through a Farmer Producer Company supported organised aggregation, quality produce, and export-oriented supply chains. Direct procurement and export market linkages enabled participating farmers to realise higher returns than conventional market channels while promoting horticultural export diversification.
July 31, 2026
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Cross-border digital payment integration enables real-time Favara transfers from Maldives mobile banking applications to UPI-enabled accounts in India.
Cross-border digital payment integration between Favara and UPI enables individuals in the Maldives to make real-time person-to-person transfers to UPI-enabled bank accounts in India through mobile banking applications. Transfers are initiated in Maldivian Rufiyaa and credited in Indian Rupees. The initial service is available through participating Maldivian banks. Permitted remittances include family-maintenance transfers under foreign inward and outward remittance categories, and gift-related transfers under foreign outward remittance. Future phases are intended to introduce QR-based merchant payments and other digital payment services.
July 31, 2026
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Procedural Fair Hearing in competition inquiries requires notice when the Commission departs from investigative findings before imposing action.
Competition law procedure requires the Competition Commission to notify and hear an opposite party when departing from the Director General's findings. The penalty order concerning alleged abuse of dominance in viscose staple fibre supply was set aside because Grasim Industries was not given an opportunity to respond to the Commission's disagreement with the investigative findings. The matter was remanded for fresh, time-bound consideration without a finding on the merits.

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ISTITUTO MARANGONI MUMBAI PRESENTS ITS 2026 STUDENT SHOWCASE — ‘ASTITVA’

July 23, 2026

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Mumbai, July, 2026: On Saturday evening, 18th July 2026, Istituto Marangoni Mumbai, the renowned Italian fashion and design school, unveiled 'Astitva’, its annual student showcase featuring the work of its second-year Fashion Design students. More than a fashion presentation, the showcase brought together deeply personal narratives expressed through contemporary fashion, celebrating the journeys, experiences and perspectives that shape each designer's creative voice.

Derived from the Sanskrit word meaning identity or existence, ‘Astitva’ invited audiences to reflect on the many influences that define who we are. Through nine distinctive collections, students explored themes ranging from memory and family to resilience, grief, heritage and transformation, demonstrating how fashion can become a powerful medium for personal storytelling.

Inspired by Mumbai — a city where cultures, traditions and aspirations coexist — the showcase reflected the dialogue between heritage and modernity, intimacy and ambition. This year’s runway installation echoed that spirit, juxtaposing raw industrial materials with reflective surfaces and sculptural lighting to create an immersive environment where fashion, architecture and emotion converged.

“With Astitva, our students have demonstrated that great design begins with authenticity,” said Mr. Tarun Pandey, COO — Istituto Marangoni, Mumbai. “This year's showcase is a celebration of identity, not as something fixed, but as something continually shaped by memory, culture, lived experience and transformation. Each collection reflects a deeply personal journey while speaking to universal ideas of belonging, resilience and self-discovery. At Istituto Marangoni Mumbai, we encourage our students to look inward before they look outward, because the strongest creative voices are those rooted in individuality. As they graduate into an increasingly global fashion landscape, Astitva is a testament to their ability to translate personal narratives into contemporary design with confidence, purpose and originality” he added.

The collections showcased at Astitva reflected the culmination of each student's creative evolution at Istituto Marangoni Mumbai, nine emerging designers unveiled three looks each, translating deeply personal narratives into distinctive contemporary fashion expressions. Rooted in themes of identity, belonging and transformation, the showcase celebrated not only technical excellence and creative innovation, but also the emergence of a new generation of designers ready to contribute to the global fashion conversation.

The students who showcased their collections at ‘Astitva’ were [in alphabetical order]: 1. Anshika Yadav [Ecdysis]: The collection explores transformation through the symbolic journey of a bird, tracing five stages—origin, expectation, conflict, struggle and liberation. As the bird evolves from nest to flight, it becomes a metaphor for human growth, resilience and the pursuit of self-definition.

2. Anushka Puranik [Anchors of Immanence]: The collection explores how family remains as anchor despite physical distance. Inspired by the balance between isolation and support, it translates their presence into life-sustaining elements of nature. Structured silhouettes and layered forms reflect a deeply personal journey of finding strength, stability and belonging, even from afar.

3. Diya Gupta [Unfinished Rooms]: Inspired by the designer’s childhood room, Unfinished Rooms explores how the spaces we grow up in continue to shape us. Though the room remains unchanged, she has evolved within it. The collection reflects a journey of quiet growth, self-discovery and becoming—where unfinished is not incomplete, but a state of continual transformation.

4. Drishti Bachwani [Alexithymia]: Inspired by the psychological condition that makes it difficult to identify and express emotions. It reflects her experience of carrying countless thoughts and feelings that rarely find words. Through this collection, the designer explores the disconnect between what she feels and what she shows—a deeply personal expression of everything I've kept inside.

5. Natalia Kumar [Inheritance Adorned]: Inspired by Indian jewellery and precious gemstones, Inheritance Adorned traces the evolution of adornment through five acts—from innocence to quiet radiance. Rooted in the bridal world, each ensemble explores how ornament transforms into an expression of identity, memory and personal evolution.

6. Paarvi Khullar [Learning to Breathe Again]: The collection draws from the designer’s journey through anxiety, self-doubt and emotional loss over the past two years. Inspired by the feeling of holding everything in, it traces a gradual path towards healing, vulnerability and self-acceptance.

7. Pallavi Singh [REVIVE]: Inspired by the resilience of Kutch after the 2001 Bhuj earthquake, REVIVE celebrates the revival of Bhujodi weaving, Ajrakh block printing and Kumaoni hand-knitting. Reimagined through contemporary winter wear, the collection honours India's living craft traditions and the communities whose determination continues to preserve them.

8. Tarini Kakar [La Révolution]: Inspired by the phrase, “From dust you are and to dust you shall return,” La Révolution explores transformation as a continuous cycle of creation, rupture, renewal and transcendence. Through evolving forms and textures, the collection celebrates impermanence, not as loss, but as an essential passage towards resilience, beauty and becoming.

9. Vanya Gupta [Fleeting Grief]: The collection explores the lasting impact of losing her mother to cancer at sixteen. Through light, fluid silhouettes and a muted palette, it traces a journey from grief to acceptance, transforming a deeply personal experience into a story of resilience, healing and becoming.

Talking about this year's showcase, Kristian Steinberg, Director of Education — Istituto Marangoni Mumbai, said, "At Istituto Marangoni Mumbai, we encourage our students to embrace their own stories and cultural identities as the foundation of their creative practice. ‘Astitva’ reflects that philosophy beautifully, with each collection demonstrating how personal experiences can be transformed into contemporary fashion that is both locally rooted and globally relevant." Pallavi Singh was awarded Istituto Marangoni Mumbai’s ‘The Designer of the Year 2026’ for her ‘REVIVE’ collection that she showcased at the event.

Additionally, this year for the first time, Istituto Marangoni Mumbai conferred Anushka Puranik with the ‘The Sustainability Award 2026’ for her collection, ‘Anchors of Immanence’, which explores the enduring value of craftsmanship, conscious creation, heirloom design, and mindful luxury.

The excellent reputation enjoyed by the school lies in the distinctive elements that have marked its identity since its foundation; first of all, the enhancement and promotion of ‘Made in Italy’ values, combined with a strong international vocation, and expressed through an educational system of proven quality and effectiveness, which makes use of the contribution of, and the established collaboration with, the most prominent fashion companies of the world.

Appreciations: • Show Creative Direction: Kristian Steinberg, Director of Education, Istituto Marangoni, Mumbai.

• Studio: Lianne Trowbridge, Abhishek Gaherwar, Ashay Chaturvedi, Jeetinder Sandhu.

• Style Direction: Kayaan Contractor (assisted by Abhinav & Manu Lodhi).

• Show Director(s): Vahbiz Mehta, Delnaz Daruwala, & Kamal Mehta.

• Founded in 2002, Amal Embroideries creates handcrafted embroideries for leading European couture and luxury fashion houses. Committed to preserving traditional artisanal techniques, the studio also supported this showcase by contributing handcrafted embroidery to selected student looks.

• Salon academy, Daniel Bauer Academy, supported the hair and makeup curation for the fashion showcase.

• Fragrance partner ŚASVA is a modern luxury fragrance house rooted in India and founded in 2022 by Istituto Marangoni alumnus Sriman Subramanian. Drawing on a 70-year family legacy, the brand creates contemporary fragrances inspired by Indian art, culture, landscapes and heritage, reimagined for a global audience.

• The Source by Sula offers fresh, elegant, and delightful wines, globally recognized as among the best Indian wines, representing sustainable winemaking and the purest expression of select Nashik valley vineyards.

Istituto Marangoni: Istituto Marangoni was founded in 1935 as Istituto Artistico dell'Abbigliamento Marangoni in Milan and has over 85 years of experience in shaping fashion, art, and design experts. The institute has educated students from 5 continents over four generations and launched the careers of over 45,000 luxury professionals, including Domenico Dolce, Alessandro Sartori, Paula Cademartori, Gilda Ambrosio, Julie de Libran, and Nicola Brognano. According to a recent Doxa survey, Istituto Marangoni has an impressive employability rate of 91%, demonstrating the high quality of its educational programmes and the career readiness of its graduates.

Istituto Marangoni welcomes around 5,000 students annually from 108 different countries across its schools in Milan, Florence, Paris, London, Mumbai, Shanghai, Dubai, Riyadh, Miami*, and Shenzhen*. The institution has been ranked among the top 100 universities in the world in its disciplines, according to the QS World University Ranking 2025.

* Licensed schools ŚASVA Parfums: Founded in 2022 by Istituto Marangoni alumnus, Sriman Subramanian, ŚASVA is a modern luxury fragrance house rooted in India and created for the world. Drawing on a 70-year family legacy in South Indian architecture and boutique hospitality, the brand crafts contemporary fragrances inspired by India's poetry, art, cinema, landscapes and cultural richness. Reinterpreting India's olfactory heritage through a refined global lens, ŚASVA creates distinctive scents that celebrate craftsmanship, creativity and modern luxury.

Daniel Bauer Academy: The Daniel Bauer Academy is India's largest and most respected makeup and hair training academy. Founded in 2017, the brand operates fully-owned academies across India in Mumbai, Delhi, Kolkata and Bangalore. They specialise in the development and placement of makeup and hair artists from India and Internationally.

Amal Embroideries: Founded in 2002, Amal Embroideries is a design and embroidery studio specialising in the creation of exquisite, handcrafted embroideries for leading European couture and luxury fashion houses. Working closely with internationally renowned fashion brands, architects, interior designers and artists, Amal combines exceptional craftsmanship with creativity, precision and innovation. Rooted in a deep respect for artisanal heritage, the studio is committed to preserving traditional craft through ethical partnerships with its artisans while delivering uncompromising quality and transparency.

The Source by Sula The Source by Sula is an ode to sustainable winemaking, and the purest expression of select vineyards in the Nashik valley. Made with craftmanship in mind, our wines are today considered among the best Indian wines available, locally and internationally. Fresh, elegant and delightful, they have been produced with love and with the upmost respect for the environment.

Press Contact(s): Sqube Brand Relations: Shakeel Sutarwala — [email protected] / +91.98671.50688 Samantha Furtado — [email protected] / +91. 98190.66041 (Disclaimer: The above press release comes to you under an arrangement with NRDPL and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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