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    Punjab Assembly passes nine key bills
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    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.
    Employee data exposure alerts prompted TCS to review allegations concerning limited basic employee information that appears to be more than four years old. No indication exists that customer data, customer systems, or operational systems have been affected. The alleged vectors involve password spraying and multi-factor authentication fatigue. TCS states that safeguards against these techniques have been in place for more than two years, its controls remain effective, and monitoring and further assessment will continue.
    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.
    Food-safety concerns arising from pesticide residues and toxic substances are to be addressed through organic vegetable farming, household cultivation and the Kathir school-farming initiative. Kathir provides for institutional farming, teacher and committee support, markets, student training and clubs, with possible academic weightage for agricultural participation. Agricultural infrastructure financing supports post-harvest management, value addition, processing, packing, marketing and exports. Additional measures include banking support, agricultural technology adoption, women-farmer support and schemes addressing climate-related floods and drought.
    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.
    August 10, 2026
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    Russian crude imports reshape India's refining trade as processed petroleum products reach sanctioning jurisdictions despite import restrictions.
    Indian imports of Russian crude oil reached a second consecutive monthly record in July 2026, with Russian crude forming the dominant share of India's Russian fossil-fuel purchases and more than half of total crude imports. Higher receipts through smaller terminals offset reduced volumes at Paradip. Indian refineries processing Russian crude also exported refined petroleum products to sanctioning jurisdictions, including the European Union, Australia and the United States, despite the European Union prohibition on imports of oil products made from Russian crude.
    August 10, 2026
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    Cyber-fraud through stolen phones allegedly used mule accounts, banking credentials and coordinated technical operations to divert victims' funds.
    Investigation into unauthorised withdrawals after theft of a mobile phone uncovered an alleged interstate cyber-fraud network using stolen devices, linked banking credentials and mule bank accounts. The scheme allegedly involved phone theft, supply of accounts and banking instruments, and a technical operation that accessed victims' accounts and routed funds for withdrawal or transfer. Digital surveillance, transaction mapping, seized devices, victim data and transaction records are being examined to identify linked complaints and the extent of funds allegedly diverted.
    August 10, 2026
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    Rupee depreciation reflected stronger dollar, elevated crude prices and geopolitical uncertainty, while portfolio inflows and equity gains provided support.
    The rupee depreciated against the US dollar amid a stronger dollar, higher global crude oil prices and uncertainty surrounding West Asia-related negotiations. Concerns over crude oil's potential impact on the trade deficit weighed on the currency, while positive domestic equity markets and foreign portfolio investment inflows provided support. Market caution remained focused on forthcoming US inflation data, dollar-index movements and Brent crude prices. Foreign-exchange reserves increased during the reported period.
    August 10, 2026
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    Collateral-free personal loans offer extended repayment flexibility, conditional reward benefits, and online application subject to eligibility and disbursal requirements.
    Loan Utsav 2026 provides eligible Bajaj Finance Personal Loan applicants an exclusive reward bundle where the loan is successfully disbursed during the campaign period. The collateral-free facility supports personal expenses, offers repayment tenures from 12 to 108 months, and may enable lower monthly EMI obligations through a longer selected tenure. Interest rates depend on eligibility, credit assessment, financial profile and lending criteria. Online applications require personal and financial details and required documents, with disbursal for eligible applicants possible after verification and approval.
    August 10, 2026
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    Credit card payment flexibility supports seasonal shopping and travel through eligible EMIs, rewards, tracking tools and conditional merchant benefits.
    Credit-card spending features include conversion of eligible purchases into EMIs, selected no-cost EMI options, reward points, cashback, merchant discounts and payment flexibility. Travel-related benefits may include domestic airport lounge access, travel-booking discounts, fuel-surcharge waiver and anniversary-linked rewards. The AU 0101 application enables transaction tracking, balance and interest-rate monitoring, EMI conversion and bill-payment management. Features and offers are subject to change, customer eligibility, internal policies and partner-merchant terms.

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      Customs, DGFT & SEZ

      Launch of Shrimp Price Information over SMS and mKRISHI – Mobile App for aquaculture operations ,providing digitally enables services on demand to the aqua farmers in the country - Developed by MPEDA under the digital India programme. Also online MPEDA registraion portal for exporters and MPEDA Portal – www.mpeda.gov.in launched.

      July 9, 2015

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      Smt. Nirmala Sitharaman, Minister of State for Commerce & Industry today launched a slew of e-Governance initiatives of MPEDA under the Digital India Programme.  Developed by MPEDA, two of these programmes, namely, Shrimp Price Information over SMS by a missed call, and mKRISHI – Mobile App for aquaculture operations have been developed for mobile phone, providing digitally enables services on demand to the aqua farmers in the country. 

      Two additional e-Governance initiatives were launched aimed at providing Single window solution to exporters and other stakeholders through two new websites (Portals), namely (i) Online MPEDA Registration portal for Exporters, and (ii) MPEDA Portal – www.mpeda.gov.in.   

      The Minister also held an online conference with farmers from Machilipatnam, Andhra Pradesh relating to SMS service and the Mobile App.  She also talked to farmers from Valsaad, Gujarat regarding jhinga farms. Farmers expressed happiness at the launch of these e-Governance initiatives and expressed the view that these initiatives will help them with readily available information.   

      The details regarding the e-Governance initiatives is as below:- 

      (1)  Shrimp price Information over SMS by a missed call

      India mainly produces L.Vannamei (LV) and Black Tiger (BT) shrimp in aqua farms in all maritime states.  In 2014-15 about 3.53 lakh tonnes of Vannamei shrimp and 71,400 MT of BT shrimp was produced.  MPEDA is providing price related market information of Vannamei shrimp and BT shrimp to farmers over SMS on a missed call to a predetermined number. On receipt of the missed call, information on price of Vannamei shrimp and BT shrimp for different grades in major markets like Japan, USA and EU are provided by SMS.

      Farmers can dial +918590100800 for getting price information on Vannamei shrimp and call  +918590200800 for getting price information on BT shrimp. The prices (indicative C&F price in Indian Rupee) are obtained from INFOFISH (an Inter governmental organization of FAO) published data.

      The price information to farmers will provide them the current market trends enabling them to make an informed decision on harvest of their produce. The service is provided free of cost to farmers.  The information can be obtained by farmers all over India. MPEDA hopes that this information power about shrimp prices will empower the farmers to get better price realization.

      (2 ) mKRISHI – Mobile App for Aquaculture Operations

      This is pilot project presently operated in Gujarat and will be extended all over India in 3 months.  Aquaculture of shrimp is a complex set of activities wherein huge amount of data is to be captured, analyzed and decisions are to be taken on a dynamic basis.  Currently farmers are keeping the records in manual form on a sheet of paper which may not provide them with on growth and trend of the aquaculture operations. 

      This App will provide an easy tool for book keeping, advisory services and weather informations.  It is an Android mobile application which has been developed by MPEDA and TCS Innovation Lab, Mumbai (as part of its CSR initiative). 

      Farmer will require an android mobile handset (post 2013 models) with a data/GPRS connection (2G, 3G or WiFi).  The Farmer has to enter the basic information regarding his farming activities.  The farmer gets expert guidance for all operations thereafter making his operations both economical and profitable.  The reports can be seen in the graphical format. An option to view the trends or reports in the computer is also provided to give seamless data entry and visualization.

      The mobile App is expected to revolutionalize the way the farm activities are carried out.  The App being used in a large scale can provide the trend of aquaculture activities across the country.  It will also help in resolving to farmer’s issues quickly on a more personalized approach.

      (3)  Online MPEDA Registration portal for Exporters

      Registration of an exporter with MPEDA is a mandatory requirement under MPEDA Act, 1972.  Presently the registration process is being done manually.  The exporters are required to submit a physical application in the prescribed format along with certain mandatory documents.

      In the new system developed by NIC, exporters are expected to fill in their application form online with their log in ID also pay the fee online for which a payment gateway has been used. The mandatory documents are to be scanned and uploaded online by the applicant which will be verified by the registering authority. After due process the Certificate of registration will be generated.

      The stakeholders, mainly the exporters, will be benefitted by reduction of processes, time delay, transparency, status updation.  The objective of the new system is to facilitate ease of doing business and thereby provide the enabling environment for exporters to export more seafood from India.  

      (4)  MPEDA Portal - www.mpeda.gov.in

      In order to provide extensive information in public domain on various aspects of marine products sector, MPEDA has revamped its website into a portal and renamed the existing URL www.mpeda.com as www.mpeda.gov.in  

      The website has both static and dynamic pages on MPEDA, Exports, Production of Capture Fisheries, Culture Fisheries, Ornamental Fish, Services for Exporter, Farmer, Fishermen etc, Trade and Quality Control.

      Marine products of India are going to get a fillip in the international markets with the exhaustive information about it in the new website.  It will provide links to all important sites on fish & fishery products and export & marketing.

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