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    Net direct tax kitty grows 23 pc to Rs 8.11 lakh cr on slower refunds, higher non-corp taxes
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    PM GatiShakti National Master Plan Enables Integrated and Coordinated Infrastructure Planning
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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
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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
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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.
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.

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FM: Inclusive growth is high on the priorities of the present Government; Government will take adequate measures to ensure social security for children, women and senior citizens of the country

January 13, 2016

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The Union Finance Minister Shri Arun Jaitley said that the inclusive growth is high on the priorities of the present Government and the Government will take adequate measures to ensure social security for the children, women and senior citizens of the country. The Finance Minister was making the Opening Remarks during his Pre -Budget Consultative Meeting with the representatives of different Social Sector Groups here .

Various suggestions were made by the representatives of the different Social Sector Groups during the aforesaid meeting. Some of the major suggestions made during the meeting include increase in old age pension from ₹ 200 to ₹ 500, increase in pension for widows, inclusion of grandparents as a separate entity under Rashtriya Swasthaya Bima Yojana (RSBY). Other suggestions include higher allocation for Integrated Child Protection Schemes, need to recruit trained and qualified teachers to meet the requirements of Right to Education (RTE) Act2009, need to increase allocation for training of School Management Committee members and strengthen community mobilization.Other suggestions include increased budgetary allocation in secondary education and universalize education for children upto 18 years of age and improving financial transparency in Sarv Siksha Abhiyan (SSA) and thereby improving the implementation of RTE Act across the country.

Other suggestions included insurance to farmers as a major initiative to address the distress in agriculture sector and for achieving higher agriculture growth, adequate provisioning towards a comprehensive and universal crop insurance scheme, extending crop insurance to all farmers for all crops and considering lower units as a unit of insurance with 100% insurance premium to be borne by the Government. Other suggestions in this regard include provisioning of higher credit and other input subsidies to small and marginal farmers, tenant farmers and farmers with oral lease, increase budgetary allocation for National Mission for Sustainable Agriculture under Krishi Unnati Yojana and for strengthening the institutional mechanism for better utilization of available funds under Rashtriya Krishi Vikas Yojana.

Other suggestions included creation of National Social Security Board with sufficient budgetary allocation for providing social security to the workers of unorganized sector as well as provision of interest subvention for economically weaker sections and low income group sections for taking benefit under Pradhan Mantri Awas Yojana. Other suggestions included adequacy of budgetary resources for social sector, enhancing budget transparency at the district and sub-district level among others.

Suggestions were also made to address violence against women by making adequate budgetary outlays in the forthcoming Union Budget for implementation of Protection of Women from Domestic Violence Act, 2005, assistance for construction of shelter homes for single woman/destitutes and widows, utilization of ‘Nirbhaya Fund’ to institute substantive interventions for sector like health, urban development, public transport, education and other sectors that have a bearing on the safety of women. In order to meet the nutritional needs of women and girls, it was suggested to make higher allocations for Indira Gandhi Matritva Sahyog Yojana, review and scaling-up of Rajiv Gandhi Scheme for Empowerment of Adolescent Girls, higher allocation for ICDS Scheme and strengthening ‘Gender Responsive Budgeting’ among others.

Other suggestions included adequate allocation for the flagship schemes for children in the forthcoming Union Budget, timely disbursal, utilization and proper monitoring mechanism be placed in position to achieve desired outcomes. Children related legislation and commitments should be adequately resourced among others. Some suggestions were made regarding special planned focus for welfare of child labourers, street children, child domestic workers, children in conflict with law, anti-human trafficking initiatives and to stop child abuse in institutional and non-institutional set ups. At present there is an allocation of 0.06% on child protection in the budget which needs to be raised in the forthcoming budget. Some suggestions were made regarding special budget allocation for implementation of New Juvenile Justice Act as it will require setting-up separate children homes with skilled staff in all States/UTs for reformation of juveniles engaged in heinous crimes and higher budget allocation for protection of girl child. Other suggestions include higher allocation on health education and social protection of women at par with other developed countries, need for significant increase in spending for health from 1.3% to 5% of GDP as recommended by WHO, allocation of funds for Navjaat Shishu Suraksha Karyakram and ASHA Module 6 & 7 for all frontline health workers and higher allocation for Mid Day Meal Scheme among others.

Along with the Finance Minister Shri Arun Jaitley, the Pre Budget Consultative Meeting with the representatives of Social Sector Groups was also attended among others by Shri Jayant Sinha, Minister of State for Finance, Shri Shaktikanta Das, Secretary, DEA, Dr. Hasmukh Adhia, Revenue Secretary, Ms. Anjuly Chib Duggal, Secretary, Financial Services, Shri Shankar Aggarwal, Secretary, Labour and Employment, Dr. Arvind Subramanian, Chief Economic Adviser (CEA), Among the representatives of the various Social Sector Groups included Shri Amitabh Behar, National Foundation of India, Shri Sreedhar Ramamoorthy, Mines Minerals and People, Ms Deepa Sinha, Right to Food Campaign, Shri Subrat Das, Centre for Budget and Governance Accountability, Shri Ashok Bharti, Natoinal Confederation of Dalit Organisation, Shri Ambarish Rai, Right to Education Forum, Ms Sonali Khan, Breakthrough, Ms Meenu Venkateswaram, Pravah, Shri Ravi Duggal, Jan Swasthya Abhiyan, Shri Thomas Chandy, Save the Children, Shri Sandeep Chachra, Actionaid, Shri Pradeep S Mehta, CUTS, Ms Avani Kapur, Centre for Policy Research, Ms Rukmini Banerjee, Pratham, Ms Mirai Chatterjee, Self Employed Women’s Association, Ms Nandini Verma, Campaign for Tobacco Free Kids, Shri Mathew Cherian, Helpage, Ms Bhavna Mukhopadhyay,Voluntary Health Association of India and Shri Neereaj Jain, Wateraid among others.

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