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    Rajasthan Cabinet approves Revenue Intelligence and Economic Offences Directorate, industrial park policy
    Rajasthan cabinet approves bills to allow people with more than two children to contest local body elections
    Andhra milk contamination case: No urea traces detected in suspected milk, says Health dept
    Trai backs sale of all available spectrum; proposes lower entry barriers, 35 pc cap
    Bengal SIR: SC allows deployment of judicial officers from Jharkhand, Odisha for claim verification
    SP's support base declining, should pay attention to its affairs: BJP
    Will comply with NCLAT's directions to extend privacy guidelines to advertising-related data: WhatsApp to SC
    Why SEBI Registered Investment Advisory Is Becoming a Non-Negotiable for Smart Investors
    'Don't share OTP, Aadhaar, bank details': PM Modi's tips on combating digital fraud
    SC to hear Meta-WhatsApp privacy policy case on Monday
    Cheating case: Delhi court refuses bail to businessman Satya Prakash Bagla
    When Investor Safety Meets Street Culture: NSDL Activation Draws Attention in Delhi
    Indian-origin lettings boss who wanted to run for London Mayor guilty of fraud
    KIAASA Retail Limited's Initial Public Offering to open on Monday, February 23, 2026, price band set at Rs 121 – Rs 127 per Equity Share
    IICA Renews MoU with NALSAR University of Law to Strengthen Academic Collaboration and Capacity Building
    IICA Constitutes High-Level Advisory Group on Ease of Doing Business under the Chairmanship of DG & CEO
    Kerala grants temporary pay relief to 20,000 teachers after SC K-TET ruling
    Delhi govt mandates online application for ration cards, Aadhaar details of all family members
    Cong cites OCCRP report to allege use of benami funds to amass large stakes in Adani Group
    Aakash undertakes in SC to secure 25.7 pc Byju's shares in rights dispute
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February 25, 2026
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Revenue Intelligence and Economic Offences Directorate expands remit to investigate economic crimes and tax evasion.
The government replaces the State Revenue Intelligence Directorate with a Revenue Intelligence and Economic Offences Directorate empowered to investigate real estate fraud, banking and insurance financial crimes, NBFC and securities offences, multi-level marketing scams, fake insolvency cases, fraudulent recruitment and admission documents, illegal encroachments, stamp and registration irregularities, shell companies and cooperative scams, and to integrate inputs from tax and other revenue departments to check revenue leakages and curb tax evasion.
February 25, 2026
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Two-child disqualification removed for local body elections, while discriminatory disease-based bar deleted and a new economic offences directorate established.
The cabinet introduced amendment bills to remove the statutory bar on persons with more than two children contesting local body elections and approved deleting "leprosy" as a disqualifying disease in municipal election law, while replacing the State Revenue Intelligence Directorate with a Revenue Intelligence and Economic Offences Directorate to investigate and prevent financial crimes, real estate fraud, shell companies, forged documents, illegal encroachments and revenue leakages, and coordinating inputs from tax and sectoral departments.
February 24, 2026
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Product contamination probe: forensic and food safety testing underway after suspected coolant leak linked to renal harm.
No urea traces were detected in milk linked to deaths and hospitalisations; ethylene glycol contamination and a suspected coolant leak from a freezer are under investigation. Recognised food safety, veterinary and forensic laboratories have received milk, product and environmental samples for phased testing; results will determine whether adulteration or accidental contamination occurred. The implicated dairy unit was sealed, the vendor detained, extensive household screening and blood testing conducted, and law enforcement indicated criminal proceedings will follow based on forensic and post mortem findings.
February 24, 2026
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Spectrum auction policy recommends selling all available bands, reclaiming insolvent holders' airwaves, and easing entry to boost competition.
Trai recommends auctioning all available IMT spectrum and reclaiming airwaves from providers in insolvency, lowers networth entry thresholds for new entrants while retaining 2024 eligibility conditions, and proposes a uniform spectrum cap to protect competition without forcing operators to surrender existing holdings. It prescribes auction modalities, standard 20 year charge periods (with special 600 MHz incentives including extended validity, a payment moratorium and delayed rollout), excludes the upper 6 GHz band pending trials, and introduces a coverage for discount scheme with mandatory tower sharing and periodic spectrum revaluation.
February 24, 2026
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Deployment of judicial officers to expedite electoral roll claim verification, with document-based verification and supplementary enlistment permitted.
The Court authorised deployment of West Bengal civil judges and requisition of similarly ranked judicial officers from Jharkhand and Odisha to verify claims and objections in the SIR exercise, required minimum experience for deployed civil judges, and made the Election Commission responsible for travel, honorarium and related expenses. Judicial officers must verify documents specified in SIR notifications and judicial orders permitting Aadhaar and Class X certificates; all documents submitted on or before the cut-off date will be considered. Electoral Registration Officers and Assistant Electoral Registration Officers must satisfy judicial officers regarding document authenticity. The EC may publish the final roll and issue supplementary lists, with the Court invoking Article 142 to enlist voters in supplementary rolls.
February 24, 2026
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Political criticism: BJP says opposition's remark reflects organisational decline, urging focus on party affairs and governance.
BJP leadership dismissed an SP chief's remark about potential legislative manoeuvring as reflecting opposition frustration and political bankruptcy, stressing that the SP's support base is declining amid nepotism and infighting while the BJP emphasises discipline and governance priorities.
February 23, 2026
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Privacy guidelines extended to advertising data; companies to comply and furnish compliance report following tribunal directions.
Extension of privacy and consent safeguards to advertising-related user data is required, with Meta and WhatsApp indicating they will implement NCLAT directions to apply CCI standards to data collection and sharing for advertising. Stay applications were dismissed without prejudice and a compliance report was ordered. The CCI will examine the companies' affidavit on privacy policy and file a response, while its cross-appeal challenges the tribunal's modification permitting advertising-related data-sharing; a monetary penalty previously imposed by the CCI was retained by the tribunal.
February 23, 2026
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SEBI registered advisory: protects investors through fiduciary duty, transparency, suitability and grievance mechanisms.
Unregulated investment advice creates significant investor risk due to lack of accountability and remedies. SEBI registration imposes qualification, recordkeeping, communication limits, and a duty to act in clients' best interests. Registered advisers must provide transparent fee and risk disclosures, assess client suitability, document recommendations to create an audit trail, and operate within formal grievance redressal frameworks, while promoting investor education and disciplined long-term planning.
February 22, 2026
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Digital fraud prevention: protect accounts by not sharing OTP or Aadhaar and using authorised re KYC channels.
Individuals must not share OTP, Aadhaar numbers, or bank account details and should change passwords regularly. KYC and re KYC are security measures that must be undertaken only via bank branches, official apps, or authorised platforms because criminals use fake calls, SMS and links to compromise accounts.
February 22, 2026
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Data privacy: Appeals on platform data sharing penalty and consent safeguards to be heard, with government party added.
Appeals challenge a CCI penalty and limits on platform data sharing under privacy and competition law; an appellate tribunal removed a ban on advertising related data sharing but retained the penalty. The dispute centers on consent standards, protection of dependent or unaware users, and whether platform data aggregation creates market dominance. Procedural issues include interim directions, inclusion of the technology ministry as a party, and a cross appeal by the regulator against the tribunal's narrowing of remedies.
February 21, 2026
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Criminal breach of trust: bail denied due to complex fund diversion, risk of evidence tampering and undisclosed antecedents.
Refusal of bail rested on prima facie findings that the NBFC owner-director engaged in calculated, layered diversion of investor funds amounting to criminal breach of trust; investigation remained at a nascent stage with a complex money trail requiring forensic analysis and a real risk of evidence tampering, compounded by the applicant's non-disclosure of prior criminal antecedents and insufficient medical justification.
February 20, 2026
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Investor verification: public SEBI Check awareness activation promotes verification-first behaviour to reduce fraud and strengthen investor protection.
SEBI Check is a verification mechanism to confirm whether market entities are registered with the regulator, aimed at reducing impersonation and unregistered advisory fraud by promoting verification before investing. NSDL has advanced this objective through behavioural investor education-digital content, transit-led campaigns, and on-ground activations-culminating in a flash mob at Priya High Street that reinforced the green triangle thumbs-up symbol as a trust marker and used public-space storytelling to drive symbol recall and verification-first behaviour.
February 19, 2026
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Fraud in anticipation of winding-up: director diverted company funds after loss of control, now facing criminal and confiscation proceedings.
A director was convicted of fraud in anticipation of winding-up after transferring the company's bank funds to his personal account following appointment of a Law of Property Act receiver and the transfer of the company's assets and sole share to that Receiver. The jury rejected his claimed belief in entitlement to the funds. The Insolvency Service is pursuing confiscation under proceeds legislation, and the director remains disqualified with an indefinite suspension of bankruptcy discharge for noncooperation with the Official Receiver.
February 19, 2026
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Initial public offering announces book built issue with retail/institutional allocation and offshore sale under Regulation S.
The company is making an initial public offering via a book building process with a disclosed price band, specified bid period and minimum lot requirements; the fresh issue proceeds will fund store expansion and general corporate purposes. Allocation among investor categories is set between qualified institutional buyers, non institutional bidders and retail individual bidders. The RHP has been filed with the RoC and is available on regulator, exchange and company websites; the shares are not registered under the U.S. Securities Act and will be offered offshore under Regulation S, with SEBI and exchange disclaimers noted.
February 19, 2026
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Memorandum of Understanding renewal strengthens academic collaboration, joint research, faculty exchanges and capacity building between institutions.
Memorandum of Understanding renewal establishes a five-year institutional framework for academic collaboration between IICA and NALSAR, formalising faculty and student exchanges, joint research and publications, expert advisory services, and the organisation of workshops, seminars and conferences; it consolidates a two-year residential LL.M. programme in Insolvency and Bankruptcy Laws combining academic instruction and industry exposure.
February 19, 2026
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Ease of Doing Business reforms to rationalise e-forms and streamline corporate compliance through digital governance and consultations.
A high-level Advisory Group on Ease of Doing Business will recommend measures to rationalise e-forms and simplify corporate compliance under the Companies Act by reducing duplicative filings through consolidation, automation and event-based processing, develop an Integrated Form Blueprint and a phased implementation roadmap, conduct stakeholder consultations and impact assessments, and propose draft amendments to support a modern, transparent, technology-driven corporate regulatory framework; the School of Business Environment, IICA, will serve as Secretariat and a research MoU with the Ministry will produce evidence-based recommendations.
February 18, 2026
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Teacher eligibility requirement: temporary pay preserved for affected teachers pending K-TET compliance within the prescribed compliance period.
Following the court's removal of a pre-existing exemption, the State will grant temporary pay-scale approval to teachers appointed before the ruling's effective date provided they clear K-TET within the prescribed compliance period; equivalent qualifications are accepted and promotions will be considered after legal advice. The State will also re-fix posts to include students with Aadhaar EIDs or pending corrections to remedy staff losses caused by Aadhaar data discrepancies.
February 18, 2026
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Aadhaar linkage: Delhi mandates household Aadhaar for online ration card applications, with verification and eligibility checks.
Delhi mandates online applications via the e-district portal for new ration cards with Aadhaar numbers for all family members and supporting residence and income documentation. Food supply officers will scrutinise and verify applications, forwarding eligible cases to assistant commissioners and a district-level committee which applies Delhi Food Security Rules, 2026 and the SOP, enforces exclusion criteria, prioritises needy applicants, maintains a waiting list, and routes appeals to the Public Grievance Commission as State Food Commission.
February 18, 2026
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Benami funds allegations prompt call for parliamentary probe amid claimed regulatory inaction and governance failures.
Allegations assert the use of benami funds by close associates to amass significant stakes in a corporate conglomerate through intermediaries and trading firms, accompanied by claims of over-invoicing, cross-border transfers, and an alleged bribery scheme to secure contracts; these claims form the basis for demands for a parliamentary inquiry into corporate ownership concealment and associated governance failures amid perceived regulatory and enforcement inaction.
February 17, 2026
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Secured shareholding: Byju's stake in Aakash to remain secured pending NCLAT disposal; TLPL allowed to subscribe.
Aakash undertook in the Supreme Court that Byju's shareholding in Aakash shall remain secured until disposal of the interlocutory application before the NCLAT; the Court recorded that undertaking and gave Byju's parent a limited period to subscribe to the second tranche of the rights issue. The dispute arises from TLPL's challenge to the rights issue amid TLPL's insolvency proceedings, and the NCLAT has permitted TLPL to apply for shares up to its original entitlement while restraining Aakash from taking matters requiring a special resolution until the dispute is adjudicated.

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SC to hear Meta-WhatsApp privacy policy case on Monday

February 22, 2026

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New Delhi, Feb 22 (PTI) The Supreme Court is slated to hear on Monday pleas of Meta and WhatsApp against a Competition Commission of India (CCI) order imposing a penalty of Rs 213.14 crore over their privacy policy.

A bench comprising Chief Justice of India (CJI) Surya Kant and Justices Joymalya Bagchi and Vipul M Pancholi is likely to hear the matter.

On February 3, the bench had made strong observations against Meta Platforms Inc and WhatsApp, saying they could not "play with the right to privacy of citizens in the name of data sharing" and alleged that they were creating a monopoly in the market and committing theft of private information of customers.

Decrying WhatsApp's privacy policy, the bench referred to "silent customers" who were unorganised, digitally dependent and unaware of the implications of data-sharing policies, and asserted, "We will not allow the rights of any citizen of this country to be damaged." WhatsApp is owned by Meta Platforms Inc.

The top court was hearing the appeals of the two tech giants against a CCI order that imposed a penalty of Rs 213.14 crore on them over the privacy policy.

On November 4, 2025, the National Company Law Appellate Tribunal (NCLAT) set aside a section of a CCI order that had banned WhatsApp from sharing data with Meta Platforms Inc for advertising purposes for five years, but retained the Rs 213-crore penalty.

Later, the NCLAT clarified that its order in the WhatsApp matter on privacy and consent safeguards also applies to user data collection and sharing for non-WhatsApp purposes, including non-advertising and advertising.

The top court said that it would pass an interim order on February 9 and ordered that the Ministry of Electronics and Information Technology also be made a party to the appeals of the two companies.

The bench is also seized of a cross-appeal by the CCI, which assailed the NCLAT ruling to the extent that it allowed WhatsApp and Meta to continue sharing users' data for advertising purposes. PTI PKS SKY SKY

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