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August 11, 2026
Show AI Summary
GST inquiry closure bribery allegations prompted anti-corruption proceedings against a Sales Tax officer under corruption law.
Alleged bribery in GST inquiry closure led to the arrest of a Sales Tax Assistant Commissioner after a scrap trader complained of a demand for illegal gratification to close an inquiry initiated through a GST show-cause notice. Anti-corruption officials reportedly verified the allegation through intermediaries, during which the officer allegedly agreed to accept payment for closing the matter. A criminal case was registered under the Prevention of Corruption Act, with further investigation ongoing.
August 11, 2026
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Direct tax collection growth reflected stronger non-corporate taxes and securities transaction tax receipts alongside slower refund issuances.
Net direct tax collections increased by 23 per cent to over Rs 8.11 lakh crore through August 10, driven by higher non-corporate tax collections and slower refund growth. Gross direct tax collections grew by 19.75 per cent to about Rs 9.55 lakh crore. Net corporate tax collections rose about 20 per cent, net non-corporate tax collections rose 23 per cent, and Securities Transaction Tax collections increased 51 per cent. Refund issuances grew by 3.8 per cent year-on-year.
August 11, 2026
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Vicarious liability in cheque dishonour cases cannot attach to trust associates without statutory status or transaction-specific involvement.
Vicarious criminal liability for cheque dishonour under section 141 of the Negotiable Instruments Act does not extend to a trust, because a trust is not a juristic person. A person cannot be summoned merely for alleged active involvement in a trust where the person was neither drawer nor signatory of the cheques, trustee, office-bearer, authorised account operator, guarantor, or executor of transaction documents.
August 11, 2026
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Cross-border payment integration through CBDCs and fast payment systems remains under BRICS discussion to reduce transfer costs.
Cross-border payment integration is under discussion through potential linkages between central bank digital currencies and fast payment systems, including UPI-type platforms. These approaches seek faster and less costly trade and remittance transfers, particularly retail payments, but remain at a discussion stage. Rupee internationalisation is also being pursued through central-bank memorandums of understanding for bilateral trade settlement in local currencies, with existing arrangements covering Indonesia, Maldives, Mauritius and the UAE.
August 11, 2026
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Integrated infrastructure planning under PM GatiShakti coordinates project evaluation, multimodal connectivity, geospatial data use, and decentralized implementation.
PM GatiShakti National Master Plan provides an integrated, data-driven infrastructure planning framework using geospatial data, satellite imagery and API integration. Project approval, implementation and funding remain with the respective Central Ministries, Departments and States or Union Territories under their own plans and budgetary provisions; the framework sets no separate budgetary allocation or quantified targets. The Network Planning Group evaluates critical Central Government projects at the planning stage for multimodality, synchronisation, last-mile connectivity, comprehensive local development and coordinated decision-making.
August 11, 2026
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MSME procurement through GeM has expanded alongside analytics-driven controls against suspicious bidding, collusion, and vendor misconduct.
GeM uses AI/ML analytics to detect order splitting, suspicious bidding, abnormal pricing, repeated participation and potential buyer-seller collusion. Flagged cases are placed before buyer organisations for review and action, while suspected cartels are assessed through digital-footprint, pricing and bid-timing indicators. Its Incident Management framework addresses false documents, fraud, collusive behaviour and other misconduct through administrative measures, including suspension. Anti-competitive conduct and cartel formation are Severe/Grave deviations, with proven cases attracting suspension for up to 365 days.
August 11, 2026
Show AI Summary
Direct tax collections show stronger corporate, non-corporate and securities transaction tax receipts, alongside increased refunds during the fiscal period.
Net direct tax collections grew by 23.09 per cent to over Rs 8.11 lakh crore up to August 10 of the current fiscal year, while gross direct tax collections increased by 19.75 per cent to about Rs 9.55 lakh crore. Corporate tax, non-corporate tax including personal income tax, and Securities Transaction Tax receipts recorded growth. Refunds issued between April 1 and August 10 also rose over the corresponding earlier period. Direct tax collections are budgeted at Rs 26.97 lakh crore for the fiscal year.
August 11, 2026
Show AI Summary
Mobile food testing laboratory accreditation expands quality-assured testing access and supports coordinated food-safety surveillance and regulatory efficiency.
NABL has launched an Accreditation Scheme for Mobile Food Testing Laboratories under the Integrated Assessment Programme. The framework enables mobile laboratories to provide reliable, quality-assured and internationally benchmarked food-testing services closer to communities, extending accredited testing beyond conventional laboratory settings. It is intended to strengthen food-safety surveillance, improve access to quality testing, support faster regulatory intervention and enhance consumer confidence. Coordinated assessments, regulatory harmonisation and mutual recognition are also intended to reduce duplication and improve regulatory efficiency while maintaining quality and compliance standards.
August 11, 2026
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Digital public procurement will expand AI-led price intelligence, marketplace integrity, inclusive access, credit linkages and sustainable purchasing.
Government e-Marketplace is advancing an AI-enabled public procurement ecosystem focused on efficiency, transparency, competition, price intelligence and marketplace integrity. Priorities include last-mile access through Suvidha Kendras, integration of public entities, credit linkages, sustainable procurement and university outreach. A nationwide five-digit Helpdesk short code, 14550, mapped to existing infrastructure, is intended to maintain service continuity and improve access to support and official communications. The platform seeks to provide enterprises with a more accessible and predictable procurement market and buyers with a data-driven procurement experience.
August 11, 2026
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Expedited flood insurance claims require insurers and partners to simplify documentation and provide immediate service to affected policyholders.
Expedited insurance-claim handling for flood-affected policyholders in Assam is being pursued through simplified documentation, prompt settlement and immediate service response. PolicyBazaar is coordinating with insurer partners to reduce processing delays. The Insurance Regulatory and Development Authority of India has directed insurers, including life insurers and standalone health insurers, to mobilise resources for immediate assistance, alongside governmental efforts for expeditious and hassle-free claim disposal.
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.
Money-laundering investigation under the Prevention of Money Laundering Act concerns an alleged liquor scam in Chhattisgarh. A former state political party treasurer has been arrested for alleged involvement and is to be produced before a local court for a request for custodial interrogation. The alleged scheme is stated to have involved control of the state excise department by a criminal syndicate, with multiple accused named in six chargesheets.
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.
Immediate FIR registration is required whenever information is received that any person is missing, irrespective of age or gender, without preliminary inquiry. Missing-person FIRs must include relevant provisions concerning kidnapping and trafficking. A missing child must be treated from the outset as a suspected case of kidnapping or abduction. States and Union Territories may face contempt action for non-compliance. Traced children should ordinarily be restored to their families within 24 hours unless trafficking or exploitation by the family is suspected.
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.
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Customs, DGFT & SEZ

Merchandise Exports registering double digit growth for the month of May and June (12.4% and 10.22% respectively) and 7.33% for July, 2014

September 10, 2014

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Positive Trade Balance for Service Exports

Timelines for completion of activities relating to SEZs developers and units - prescribed and implemented

Procedural simplification measures initiated in DGFT

Nirmala Sitharaman addresses media persons at PIB National Media Centre

Background  

  • The year 2013-14 was in many ways a year full of challenges and opportunities. A series of international events including the impact of Euro Zone Crisis and the global slowdown had a major impact on our economy and exports.
  • While the global environment still remains challenging, policy action in India has been repositioned so as to better tackle the negative impact of external shocks.
  • The growth momentum and export competitiveness has picked up as government has instilled greater confidence among businesses. The improved outlook and pro-active policy environment will help boost exports and bring India on the trajectory of greater economic growth.
  • During year 2013-14, total value of exports was US $ 465.90 billion with Merchandise and Services Exports comprising of US$ 314.40 billion and US $ 151.5 billion respectively.  The target for total exports for year 2014-15, is US $ 500 billion with Merchandise and Services Exports expected to be US $ 340 billion and US $ 160 billion respectively.
  • As per the current rankings, India is the 19th largest exporter (with a share of 1.7%) and 12th largest importer (with a share of 2.5%) of merchandise trade in the world. In Commercial Services, India is the 6th largest exporter (with a share of 3.3%) and 7th largest importer (with a share of 2.9%).
  •  India’s share in world trade (Merchandise and Services) has increased from 1.77% in 2008 to 2.27% in 2013. Our goal is to raise this to 3.5% by 2018-19.

Key initiatives taken are:

1. Foreign Trade Policy (FTP)

The New Foreign Trade Policy (FTP) (2014-19) is on the anvil, which would include strategy, goals, road maps and time frame for increasing exports. This would be comprehensive and composite, focussing on: products which are winners and potential winners, targeted global engagements, branding and packaging measures etc.

2. Trade Promotion and Reforms  

  • Reduction in transaction costs through initiatives for simplification of documents and procedures

Re-alignment, redrafting and synchronisation of paragraphs in all Chapters of FTP/HBP to bring in more clarity, rationalize the number in Schemes (Chapter-3) and to ensure that provisions are placed in an orderly manner.  Number of columns in Application forms for various schemes is being reduced to the minimum.

  • Digitization of various processes

(i) Procedural simplification and on-line inter-ministerial consultation

In order to simplify the various procedures, it has been proposed to do inter-ministerial consultations online where exporters can file their applications on the DGFT website.  This will reduce the transaction cost and transaction time and also bring transparency in the system.

(ii) Discontinuation of printing of all authorisation and EODC – Moving towards paperless work

DGFT has proposed not to issue any authorisations in physical form and would like to issue authorisations under duty exemption, EPCG Schemes and scrips in an electronic form.  This will make a paperless transaction a reality.  We are working with CBEC to take this initiative forward.

  • Specific measures to facilitate the entry of new entrepreneurs and manufacturers in global trade by providing them the required training

Capacity Building of new entrepreneurs to become exporters:

       As part of the capacity building of new entrepreneurs `You tube’ channel of DGFT had been launched recently in respect of the following activities:

Action already completed

(a)    How to obtain an IEC number

(b)    How to view/print e-BRC

Action proposed to be taken

(a)   Online Training Programme for new entrepreneurs.

(b)  How to apply for Certificate of Origin- Non-preferential/preferential

(c)    How to file Shipping Bill for exports

(d)  How to apply for RCMC

(e)  How to file Bill of Entry for imports

(f)    How to pay fee/Duty by e-challan

(g)  How to file Application for Authorisation under Chapter 3, 4 and 5 of FTP.

  • Better (Electronic Data Interface) EDI connectivity in the ports etc. 

Exports: In 2013-14(P), 65.2% of the total value of trade is through EDI, 34.4% is through Non-EDI and 0.42% is through Manual as compared to 58.2% through EDI, 30.09% through Non-EDI and 11.7% through Manual in 2009-10. 

Imports: In 2013-14(P), 72.41% of the total value of trade is through EDI, 27.3% is through Non-EDI and 0.26% is through Manual as compared to 65.8% through EDI, 12.5% through Non-EDI and 21.8% through Manual in 2009-10 

3. India’s Strong Stand in the WTO

India has taken a leadership role to:

  • Rectify the imbalance in the Bali package implementation process and prevent the development being subverted again. Stand taken by India includes reiteration of the position that India is committed to all the Bali Decisions including Trade facilitation. However, for a balanced Bali outcome, WTO must deliver on the other Bali Decisions, including the Decision on public stockholding for food security purposes in a time bound manner.
  • Ensure a permanent solution on public stockholding for food security to correct a longstanding injustice in WTO rules. India also offered suggestions on the procedure to be followed in order to ensure time bound delivery of an outcome on public stockholding for food security. India also made a case for adopting a similar approach on all the elements of the Bali package including the LDC issues.

4. Extensive review of Special Economic Zones for re-energizing manufacturing-led exports. Governance reforms in SEZs e.g.

  • Prescription of time limits for disposal of various activities related to SEZ Developers/Units
  • Digitization of procedures
  • Standardization of procedures, harmonization of rules, formats and fees etc.
  • Decisions on modification of MAT & DDT and the dual use of infrastructure in non-processing areas, these proposals are in active consideration
  • Other issues such as those relating to Service Tax, extending the tax holiday for the pharmaceutical industry and extension of Customs ICEGATE system to the SEZ framework, are being actively pursued  

5. Mainstreaming of States in trade

  • Government of India has requested the State Governments to develop an Export Strategy. This suggestion of Government of India to mainstream States has been welcomed by them
  • Several suggestions communicated by Commerce Secretary to Chief Secretaries of States e.g. on infrastructure needs, human resource requirements, instituting export awards etc.
  • State Governments advised to appoint an Export Commissioner for coordination of all export-related activities.
  • CIM has written to the Chief Ministers of the States suggesting that they oversee the task of mainstreaming their States 

6. Plantations

  • An insurance based scheme being evolved for stabilization of prices of four plantation crops (Tea, Coffee, Rubber and Spices).
  • A National Policy for rubber sector being formulated
  • A special agency, namely the ‘Saffron Production & Export Development Agency’ (SPEDA) to be set up for development, production and marketing of saffron with headquarters in Jammu & Kashmir.
  • Additional measures for promotion of export of orthodox and packaged tea and GI branding of tea are likely to be announced in the Foreign Trade Policy. Subsidy-based support under the XII Plan will be redesigned to achieve the goal of enhancing production as well as exports.
  • Policy measures will be taken to improve quality of grown/manufactured tea. Steps will be taken to fix, within an early time frame, MRLs for chemicals authorized for use in tea cultivation in light of the CODEX standards.
  •  An exercise of resetting the goals and functions of Commodity Boards and making them more citizen-centric will be taken up.
  • Branding campaigns planned for promotion of export of specific sectors such as services, pharmaceuticals, plantation commodities, engineering, and commodities/services in which India has historical strengths such as handicrafts, yoga etc.
  • Indian Institute of Packaging to be strengthened to emerge as a technology hub/centre for setting packaging standards of export oriented products in line with international trends/norms and improving/controlling quality of export packages. 

7. Process initiated by government (as a result of DOC’s initiative) to enhance export of items from the Defence sector 

  • FDI policy modified – e.g. limit on automatic route enhanced from 26% to 49%
  • Clarity brought in as regards industrial licenses for this sector
  • Fastracking of applications
  • Listing of munitions
  • Creation of HS codes for items in this sector 

8. Forging stronger relationships in our immediate neighborhood

  • India’s trade surplus with SAARC (South Asian Association for Regional Cooperation : India, Bhutan, Pakistan, Sri Lanka, Nepal, Bangladesh and Maldives) countries has doubled, thereby, greater economic integration has been achieved in South Asia. Besides, a line of credit of US $ 1 billion has been offered to Bhutan. During the first quarter of 2014-15, exports to South Asian countries have grown by 39%.
  • As part of our larger vision, a more focused direction would be given to the utilisation of FTAs and to establish new approaches to preferential trading with Latin America, CIS region and Africa
  • Giving effect to a vision of integration in less integrated areas
  • Government will also strategise global trade engagements to conclude trade pacts, where negotiations are in various advance stages, such as with EU, PERU/Columbia, COMESA, RCEP, MERCOSUR, Russia, China, US.

9. Initiatives for Africa

  • 4th India – Africa Trade Ministers’ Meet in New Delhi on 28 November 2014; the recommendations of this Meet will be considered by the Heads of Government during the India – Africa Forum Summit – III on 4 - 5 December 2014.
  • Meeting of the India – Africa Business Council to be held, along with Trade Ministers’ Meet.   
  • India committed to substantially contribute to building African capacities through supporting education and capacity building institutions and in enhancing value addition and processing of raw materials in Africa. The Duty Free Tariff Preference Scheme offered by India has the potential to increase African exports to India.

 10. E-procurement

  • An ambitious programme for e-procurement in States to be supported
  • 23 States are already on board; others will also be taken on board; objective is wider and deeper coverage
  • The target is that over the next 1 year, there will be a shift to e-tendering for all procurement exceeding ₹ 5 lakh  

11. Corporate Social Responsibility (CSR) Initiatives through PSUs under DOC

Even before Hon’ble PM had made the announcement regarding provision of better sanitary facilities in schools on a priority basis, Department of Commerce had issued instructions to its PSUs to take up this issue under CSR. 

12. Service Sector Exports

  • Net trade balance in service sector exports for the month of May and June is US $ 5.89 billion and US $ 5.78 billion respectively.
  • The Services sector has been a major force in driving growth in the Indian economy for more than a decade. Services contribute around 60% to the GDP of the country, 35% to employment, 25% to total trade, around 40% to exports, 20% to imports and account for more than 50% of FDI into the country.

Mainstreaming of Services Exports

  • Focussed action and reforms to increase exports of Business, Professional, Tourism, Health Care and Logistic Services, R&D, Consulting, Printing and Publishing, Telecom, Construction, Educational, Entertainment Services
  • Attempt greater liberalisation of Services in the WTO 

13. Project Exports

  • Focus on Project exports, specially to Africa, West Asia, CIS countries, ASEAN and Cambodia, Laos, Myanmar and Vietnam.  

14. Improving Production Standards and Building Brand India

  • A mandatory standards regime to be  implemented, to protect consumers and also raise the quality of merchandise produced which in turn raises the capacity to export to discerning markets. 
  • This together with promotion of our traditional brands of goods like tea, spices, ayurvedic products and services like, yoga, wellness and health care as valued Indian brands can lead to greater value addition and export realization.
  • The export diversification policy pursued by the Government needs to be accelerated by expanding both the range of products and number of countries. Indian exports should move up the value chain. Export of branded goods needs to be encouraged by promoting individual brands. Manufacturing exports require strong brand promotion. Sectors like Gems and Jewellery, Leather, Textiles, Engineering etc. are striving to carve an exclusive `Brand India` niche for themselves in the world markets. 
  • India Brand Equity Foundation (IBEF) is playing a key role in product perception and production promotion strategies in international markets. IBEF’s primary objective is to promote and create international awareness of the Made in India label in markets overseas and to facilitate the dissemination of knowledge of Indian products and services. Towards this objective, IBEF works closely with stakeholders across government and industry.

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Acts Income Tax