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    August 11, 2026
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    Money laundering investigation in alleged liquor scam leads to arrest and proposed custodial-remand proceedings under anti-money-laundering law.
    Money laundering investigation concerning an alleged liquor scam in Chhattisgarh led to the arrest of Congress leader Ramgopal Agrawal under the Prevention of Money Laundering Act. Custodial remand is to be sought for interrogation. The allegations concern an alleged syndicate that purportedly controlled the state excise department, enabled illegal liquor sales and distributed resulting commissions. Chargesheets name political figures, excise officials and officials associated with the Chief Minister's Office.
    August 11, 2026
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    Money-laundering investigation into an alleged liquor scam leads to arrest and proposed custodial interrogation under the prevention law.
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    August 11, 2026
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    Immediate FIR registration for every missing person is mandatory, with missing children treated as suspected kidnapping or abduction cases.
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    August 11, 2026
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    Money-laundering investigation targets alleged chit-fund collections, investor-fund diversion, concealed deposits, and irregular land transactions.
    Money-laundering investigation into an alleged multi-state chit-fund scheme involved searches at premises linked to Wellfare Buildings and Estates Pvt Ltd and its directors, seizure of cash, vehicles, property-related records and digital devices, and freezing of bank accounts. The alleged scheme concerns unauthorised public-fund collection through land-allotment schemes, followed by closure of operations. Allegations include diversion of investor funds, manipulation of financial statements to conceal deposits, and irregular land transactions intended to suppress actual consideration and evade statutory obligations.
    August 11, 2026
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    Rupee exchange-rate pressure intensified as crude oil, regional uncertainty and weaker equities constrained the local currency in early trade.
    Foreign-exchange market conditions placed the rupee under pressure against the US dollar amid West Asia uncertainty, higher crude oil prices, and weaker domestic equity markets. Foreign institutional investor inflows and Reserve Bank of India intervention supported the rupee and limited further depreciation. Reported dollar sales through state-run banks helped contain downside pressure despite rising Brent crude prices and uncertainty concerning the Strait of Hormuz.
    August 10, 2026
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    GST refund facilitation expands provisional input tax credit refunds and removes the minimum threshold for export-related IGST refunds.
    Punjab's GST amendments facilitate voluntary compliance and reduce procedural burdens by allowing a 90 per cent provisional input tax credit refund in inverted duty structure cases and removing the minimum threshold for IGST refunds on exported goods. Additional measures cap annual fee increases by private unaided educational institutions, establish digital open universities for technology-enabled higher education, protect trees and green cover, and address common infrastructure, panchayati raj, and contractual engagement of outsourced State personnel.
    August 10, 2026
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    Video-conference statements for an approver application were declined, requiring the accused's statement to be recorded before consideration.
    Special CBI Court rejected an accused's request to record her statement through video conferencing in a bank-fraud prosecution. The accused had sought to become an approver, and her statement was required to be recorded before consideration of that application. She and her husband had previously become approvers in a related money-laundering matter involving alleged fraudulent Letters of Undertaking.
    August 10, 2026
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    Fuel price transparency highlights allegations over excise duty, consumer retail costs, and profit disclosures by state-run oil marketing companies.
    Fuel pricing, central excise duty and profits of state-run oil marketing companies are examined through allegations that retail fuel prices and tax policy imposed excessive costs on consumers while generating substantial company profits. The criticism contrasts high crude-price periods with lower retail prices and lower excise duty against a later period in which reduced crude prices were allegedly not passed through to consumers. Profit-margin disclosure is also raised as a transparency issue, with parliamentary information described as covering oil prices, global crude prices and company profits.
    August 10, 2026
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    Discharge in money-laundering proceedings turns on whether pre-charge material sufficiently establishes the alleged offence.
    Discharge in a money-laundering prosecution was sought before a special PMLA court concerning alleged siphoning and laundering of loans advanced to Jet Airways by Canara Bank. The prosecution was directed to respond, subject to the applicant not seeking adjournment. Discharge is available after filing of a chargesheet and before framing of charges where the material before the court is insufficient to establish the alleged offence. The proceedings arise from a CBI FIR concerning alleged bank fraud involving Jet Airways and associated persons.
    August 10, 2026
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    High-speed rail indigenisation and infrastructure performance monitoring require skills development, comparative planning, measurable station assessments and freight-terminal dashboards.
    Parliamentary oversight calls for accelerated indigenisation of high-speed rail components, capacity-building through international expertise, and comparative study of successful high-speed rail systems for future corridors. Redeveloped stations should be assessed through measurable indicators concerning passenger use, accessibility, cleanliness, commercial occupancy, maintenance and feedback, with completed-project practices documented and shared. Operational cargo terminals and cargo-related facilities should be monitored through a digital dashboard covering utilisation, rake performance, mechanisation, connectivity, safety compliance and customer satisfaction.
    August 10, 2026
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    MSME and export promotion framework expands finance, technology, infrastructure, sustainability and global-market support for enterprise growth.
    Haryana Progressive MSME and Export Promotion Policy 2026 creates a five-year framework for MSME growth through financial incentives, institutional support, industrial infrastructure, technology adoption and export facilitation. Identified thrust-sector enterprises may receive capital and interest subsidies, stamp duty reimbursement, employment assistance, insurance support, and incentives for automation, artificial intelligence, testing and research. Proposed venture capital and credit guarantee funds seek to improve institutional and collateral-free finance. Export support covers international certifications, credit, insurance, freight, e-commerce, trade fairs, documentation, compliance and buyer connections, alongside sustainability and inclusive entrepreneurship measures.
    August 10, 2026
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    Employee data exposure alerts trigger review of alleged password spraying and MFA fatigue, with customer and operational systems unaffected.
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    August 10, 2026
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    Mustard honey export demonstrates FPO-led aggregation, quality-focused production and industry collaboration for international agricultural market access.
    Mustard honey export from Tripura to Dubai marks the first international shipment by Dergang Farmer Producer Organisation, supported through export-oriented aggregation and market linkage initiatives. The export creates overseas market access for local beekeepers and farmers, diversifies the honey value chain, and encourages quality-focused production. Industry collaboration supported bee production and an export-oriented supply chain, while capacity building, quality assurance, value addition and market linkages can strengthen agricultural exports and farmer participation in international markets.
    August 10, 2026
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    Digital banking evidence gains recognition through a modernised framework for physical and electronic records, with privacy and security safeguards.
    The Bankers' Books Evidence Bill, 2026, modernises the evidentiary framework for bankers' books by permitting banking records to be produced in physical or electronic form in legal proceedings. It recognises electronic, digital and virtual records and enables the Central Government to extend the regime to other regulated financial entities, supporting a uniform financial-sector evidentiary framework. The framework seeks secure and transparent use of banking records while safeguarding customer privacy, confidentiality and data security.
    August 10, 2026
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    Illicit opioid medicine exports exposed through concealed cargo, clandestine manufacturing, repacking, and attempted transnational trafficking to Nigeria.
    Illicit manufacture and attempted export of controlled opioid medicines were detected in a network producing, concealing, storing and exporting Tramadol Hydrochloride tablets to Nigeria. A consignment declared as Pregabalin capsules contained concealed Tramadol Hydrochloride and Tapentadol tablets. Investigation identified clandestine manufacture, repacking and preparation for export, with searches yielding tablet-compression machinery and raw materials. Tramadol is a psychotropic substance under the Narcotic Drugs and Psychotropic Substances Act, while Tapentadol is regulated under the Drugs and Cosmetics Act and its rules.
    August 10, 2026
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    Summons compliance under anti-money-laundering law faces appellate scrutiny after acquittal over unproven email service allegations.
    Delhi High Court required Arvind Kejriwal to reply to Enforcement Directorate petitions challenging his acquittal in proceedings concerning alleged non-compliance with summonses. The trial court found that the agency had not proved intentional disobedience, service of summons through email, or lawful issuance of electronic summons under the Prevention of Money Laundering Act. The appellate challenge concerns proof of service, validity of electronic summons, and intentional non-compliance.
    August 10, 2026
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    Pesticide residue concerns drive organic farming, school agriculture initiatives, infrastructure financing and climate-resilience support for farmers.
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    August 10, 2026
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    Digital EODC processing removes physical duty challans through authenticated payment verification for export authorisation closure.
    Export Obligation Discharge Certificate processing under the Advance Authorisation and Export Promotion Capital Goods schemes no longer requires physical duty-payment challans for voluntary customs-duty payments made on or after 1 August 2026. Authenticated licence-wise payment information is electronically transmitted from Customs/ICEGATE to DGFT systems and mapped to the relevant authorisation. Exporters can verify payment details on the customer portal, while Regional Authorities use corresponding back-office records, replacing manual submission and verification for authorisation closure.
    August 10, 2026
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    Trusted service-call numbering requires verified utilities and logistics entities to use dedicated numbers exclusively for transactional and service communications.
    The 1601-series is introduced for verified utilities, courier and logistics entities making service and transactional voice calls. Numbers must be allocated directly to eligible entities, not intermediaries or aggregators, following verification by telecom service providers and an undertaking of exclusive use. Promotional voice calls are prohibited on this series and remain associated with the 140-series. The framework separates these calls from the 1600-series reserved for regulated financial-sector and government-to-citizen communications, supporting consumer recognition of legitimate calls and reducing impersonation risks.
    August 10, 2026
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    GST revenue collection drives tax growth while data scrutiny, taxpayer verification, and compliance capacity remain key administrative priorities.
    GST constituted the principal component of tax revenue for the 2025-26 fiscal year. Tax administration faces staff shortages, information-technology upgrade needs, and increased workloads from taxpayer registrations and return filings. Compliance oversight requires GST data scrutiny, risk assessment, identification of unregistered taxpayers, tax-evasion detection, and field verification of high-risk taxpayers. Long-term revenue planning sets progressively higher collection targets through 2063.

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      Finance Minister Shri P.Chidambaram Releases a Commemorative Coin of Rs. 20 and a Circulation Coin of Rs.5 to Mark the Culmination of the 125th Birth Anniversary of Maulana Abul Kalam Azad; Maulana Abul Kalam Azad was an Indian and A Muslim; a Nationalist, Patriot and Totally Secular :FM

      November 12, 2013

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      The Union Finance Minister Shri P.Chidambaram released a Commemorative Coin of Rs. 20 and a circulation coin of Rs.5 to mark the culmination of the 125th Birth Anniversary of Maulana Abul Kalam Azad at a function held here today. Shri K. Rehman, Union Minister for Minority Affairs, Shri Wazahatt Habibullah, Chairman, National Commission for Minorities, Dr Arvind Mayaram, Secretary, Department of Economic Affairs, Ministry of Finance, Members of Parliament and other senior officers of the Ministry of Finance were present on the occasion among others..

      This year marks culmination of 125th Birth Anniversary of Maulana Abul Kalam Azad. Maulana Azad was one of India’s most prominent freedom fighters, who espoused the cause of an undivided India. He opposed the ‘two nation theory’ of Muslim League and was a leading proponent of Hindu-Muslim unity. He was India’s first Minister of Education. He was posthumously awarded country’s highest civilian award, the Bharat Ratna in 1992.

      Following is the Text of the Speech of the Union Finance Minister Shri P. Chidambaram made on this occasion:

      “Today we mark the 125th birth anniversary of Maulana Abul Kalam Azad. The Government of India and, in particular, the Ministry of Finance are honoured to be able to bring out two commemorative coins on this occasion.

      The history of the freedom struggle is also the story of many great men and women. Among the tallest of those men and women was Maulana Abul Kalam Azad. It is widely acknowledged that he, as the first Minister of Education, laid the foundation of the modern education system. The institutions that he founded bear testimony to his vision and his farsightedness. Among them were the first Indian Institute of Technology, University Grants Commission, Indian Council for Cultural Relations, Sahitya Academy, Lalit Kala Academy, Sangeet Natak Academy and Council of Scientific and Industrial Research.

      Maulana Azad made a significant contribution to the recording of history through his book “India Wins Freedom”. History cannot be bent. Historical facts are sacred. I thought the best tribute to Maulana Azad would be to read excerpts from his autobiography that will throw light on a sad chapter of India’s history, namely, the partition of India. These portions would also be a lesson in history to all those who participate in public discourse.

      Maulana Azad writes:

      “A truly pathetic situation had developed as a result of the Congress mistake in giving Finance to the Muslim League. This had led to the deadlock which gave Lord Mountbatten the opportunity of slowly preparing the ground for the partition of India. As he began to give a new turn to the political problem he tried to impress on Congress the inevitability of partition, and sowed the seeds of the idea in the minds of the Congress Members of the Executive Council.

      Lord Mountbatten was extremely intelligent and could read the minds of all his Indian colleagues. The moment he found (Sardar Vallabhai) Patel amenable to his idea, he put out all the charm and power of his personality to win over the Sardar.

      As soon as the Sardar Patel had been convinced, Lord Mountbatten turned his attention to Jawaharlal. Jawaharlal was not at first at all willing and reacted violently against the very idea of partition, but Lord Mountbatten persisted till step by step Jawaharlal’s opposition was worn down. Within a month of Lord Mountbatten’s arrival in India Jawaharlal, the firm opponent of partition had become, if not a supporter, at least acquiescent towards the idea.

      When I became aware that Lord Mountbatten was thinking in terms of dividing India and had persuaded Jawaharlal and Patel, I was deeply distressed. I realised that the country was moving towards a great danger.

      Now that Sardar Patel and even Jawaharlal Nehru had become supporters of partition, Gandhiji remained my only hope.

      Later that day (31 March) Gandhiji met Lord Mountbatten. He saw him again the next day and still again on 2 April. Sardar Patel came to him soon after he returned from his first meeting with Lord Mountbatten and was closeted with him for over two hours. What happened during this meeting I do not know. But when I met Gandhiji again, I received the greatest shock of my life, for I found that he too had changed. He was still not openly in favour of partition but he no longer spoke so vehemently against it. What surprised and shocked me even more was that he began to repeat the arguments which Sardar Patel had already used. For over two hours I pleaded with him but could make no impression on him.

      The details of Lord Mountbatten plan were not yet published, but I guess that it would entail the partition of India. He returned to Delhi on 30 May and on June 2 held discussions with the representatives of the Congress and the Muslim League. On the 3rd of June a White Paper was issued which gave all the details of the plan. The Statement of the British Government will be found in the Appendix and I need only say that my worst fears were realised. The price for freedom was the partitioning of India into two States.

      The publication of this Statement meant the end of all hopes for preserving the unity of India. This was the first time that the Cabinet Mission Plan was discarded and partition accepted officially. In trying to explain why the Labour Government changed its attitude, I came to the painful conclusion that its action was governed more by consideration of British than Indian interests.

      The AICC met on 14 June 1947. I have attended many meetings of the AICC but this was one of the strangest that it was my misfortune to attend. Congress, which had always fought for the unity and independence of India, was now considering an official resolution for the division of the country.

      When the resolution was put to the vote, 29 voted for it and 15 against. Even Gandhiji’s appeal could not persuade more members to vote for the partition of the country!

      The resolution was no doubt passed, but what was the condition of the people’s minds? All hearts were heavy at the idea of partition. Hardly anyone could accept the resolution without mental reservations. Even those who accepted the partition had all their feelings against it.”

      A fair reading of the above account will show that partition was forced upon the country due to the intransigence of Mohammed Ali Jinnah and Lord Mountbatten’s plan to safeguard British interests.

      These excerpts from the book are a measure of the man that was Maulana Abul Kalam Azad. He was an Indian and a Muslim. He was a nationalist, patriot and totally secular. More than anyone else he was able to foresee the consequences of the two-nation theory. He was a passionate advocate, until the very last, of the unity of India. He was able to reflect the true feelings of millions of people both within and outside the Congress party. He had always fought for the unity and independence of India and for love and brotherhood among all communities, particularly between Hindus and Muslims.

      As we remember him today, let us also remember his work, his words, his actions and his legacy.

      I have the honour to release these commemorative coins”.

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