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    CGST Zone detects clandestine pan masala, tobacco unit, detects tax evasion of Rs 160 cr
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August 24, 2026
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Free trade agreement strategy expands preferential market access and supports India's integration into global value chains and investment partnerships.
India's free trade agreement strategy seeks to expand preferential market access and integrate the country into global value chains as a trusted trading partner. Negotiations with additional country groups and individual nations are intended to extend agreement coverage to a substantial share of global trade. Investment opportunities are identified in data centres, manufacturing and artificial intelligence, alongside an objective of developing more balanced trade relations between India and Japan.
August 24, 2026
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Foreign exchange market conditions supported rupee appreciation, but crude prices, importer demand and geopolitical sanctions concerns limited gains.
Foreign exchange market conditions supported a modest early appreciation of the rupee against the US dollar due to relative dollar softness. The gain was limited by elevated crude oil prices, importer demand for dollars, and caution over anticipated sanctions affecting Iranian oil trade, banking networks and shipping routes. Currency markets remained sensitive to geopolitical uncertainty and possible wider trade effects.
August 23, 2026
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Undeclared gold importation led to customs interception, seizure, arrest and continuing investigation after concealment inside passenger clothing.
Customs enforcement against undeclared gold importation involved interception of a passenger arriving from Sharjah at Ahmedabad airport following passenger profiling. A gold chain concealed inside clothing was recovered after it was not declared for customs purposes. The chain was seized and the passenger was arrested under the Customs Act, 1962, before being released on bail, with further investigation continuing.
August 23, 2026
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Digital arrest cyber fraud used impersonation, forged notices and coercive video calls to obtain transfers through mule accounts.
Digital arrest cyber fraud allegedly used impersonation of law-enforcement and central banking officials, fabricated notices, threats of arrest and continuous video communications to coerce a retired railway employee into disclosing financial details and transferring funds for purported verification. The alleged proceeds were routed through mule and shell accounts. Banking records, KYC details, digital evidence and transaction trails allegedly connected a recipient account with suspicious transactions and multiple cyber-fraud cases; part of the cheated amount was recovered or refunded.
August 23, 2026
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Political targeting allegations challenge money-laundering enforcement actions, searches, questioning, and public disclosures in the CMRL investigation.
CPI(M) alleges that enforcement action under the Prevention of Money Laundering Act in the CMRL matter is politically motivated targeting of Pinarayi Vijayan, family members and party associates. It contends that searches, questioning and public communications during the investigation were used to create suspicion without incriminating evidence, and characterises references to hawala as a new investigative narrative. The party also alleges selective anti-money-laundering enforcement against opposition leaders and states that the company will address the CMRL-related matter.
August 23, 2026
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Money-laundering investigation into alleged liquor transport irregularities results in arrests connected with claimed loss to the government exchequer.
Money-laundering proceedings concerning alleged financial irregularities in liquor transport led to the arrest of former Andhra Pradesh minister Karumuri Nageswara Rao under the Prevention of Money Laundering Act. The inquiry concerns alleged wrongful loss to the government exchequer arising from liquor-transport operations. Investigative measures included raids and the arrest of Rao's son, along with arrests of a former state beverages corporation managing director and the person described as the principal accused.
August 23, 2026
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Alleged LLP record forgery raises cheating, breach of trust and conspiracy concerns over unauthorised partnership interest changes.
Alleged forgery, cheating, criminal breach of trust and conspiracy concern purported unauthorised changes to LLP statutory records filed with the Registrar of Companies. The allegations include use of false documents to remove a nominated partner, substitute another person as partner and transfer a partner's interest in the LLP. The matter also draws attention to separate land-collaboration allegations and delayed possession claims by homebuyers in a halted housing project.
August 23, 2026
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Voluntary production curtailment addresses polyester yarn cost volatility as weaving units seek customs-duty relief on inputs.
Voluntary production curtailment by weaving units is being adopted in response to increased polyester yarn and related input costs. Units may reduce shifts or observe periodic holidays according to individual commercial feasibility to limit yarn consumption until prices and fabric-market conditions stabilise. Industry representatives allege that yarn-price increases exceed corresponding input-cost movements and seek examination of possible artificial pricing, along with customs-duty relief on yarn and relevant inputs.
August 22, 2026
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Retaliatory tariffs escalate trade restrictions as historic tariff authority enables duties without prior investigation or a prescribed duration.
Retaliatory tariffs are set to escalate bilateral trade restrictions after the United States imposed tariffs of up to 50 per cent on specified Canadian imports. Canada proposes dollar-for-dollar countermeasures covering sectors including steel, dairy, appliances, agricultural equipment, pulp and paper and electronics. Section 338 of the Tariff Act of 1930 is invoked as the legal basis for the United States measures, permitting presidential import duties up to 50 per cent without a prior investigation or prescribed maximum duration. Escalation creates uncertainty for supply chains and renewal of the United States-Mexico-Canada Agreement.
August 22, 2026
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Reciprocal tariffs reshape Canada-United States trade relations, increasing supply-chain risks and accelerating Canadian trade diversification beyond its primary export market.
Canada-United States trade relations are described as entering a confrontational phase after tariff negotiations collapsed. The United States imposed tariffs on specified Canadian goods, while Canada committed to reciprocal import taxes and suspended negotiations. The dispute marks a retreat from preferential market access and continental integration. Canada's export dependence on the United States may limit retaliation and increase risks to output, employment, investment and integrated supply chains. Trade diversification, non-United States investment and expanded Pacific export infrastructure are identified as responses to a potentially enduring protectionist bilateral relationship.
August 22, 2026
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Retaliatory tariffs on United States goods will target key sectors after trade negotiations failed and reciprocal tariff relief was unavailable.
Retaliatory tariffs on United States goods will take effect from 8 September in response to United States tariffs on Canadian products and unsuccessful negotiations. The dollar-for-dollar measures will cover steel, dairy, appliances, agricultural equipment, pulp and paper, and electronics, with product-specific details to follow. Canada had been willing to remove certain retaliatory tariffs if corresponding United States tariffs were substantially reduced, but considered the final demands unacceptable.
August 22, 2026
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Power tariff revision faces political opposition over increased consumer electricity costs and conflict with prior free-electricity commitments.
Power tariff regulation in Jammu and Kashmir and Ladakh has been revised through approval of an average tariff increase, effective from 1 September 2026. Political representatives have opposed the increase on the ground that it adds to consumer hardship amid unemployment, inflation, and sectoral difficulties. The criticism also contrasts the revised tariff with prior commitments concerning free domestic electricity and gas.
August 22, 2026
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Recruitment examination integrity prompted enforcement scrutiny and proposed disciplinary inquiry, while an officer's absence was attributed to family emergency.
Reported absence of an IAS officer was attributed to a family medical emergency and a pending leave request, rather than enforcement searches concerning an alleged recruitment-examination scam. The officer denied any connection with those searches and expressed willingness to face an inquiry. Enforcement searches at the Karnataka Public Service Commission concerned a money-laundering investigation into alleged recruitment irregularities. The State Cabinet decided to advise suspension of the commission chairperson and initiation of an inquiry after an earlier suspension was set aside for lacking the Cabinet's aid and advice.
August 22, 2026
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Money-laundering and benami asset allegations prompt enforcement proceedings, while the accused officer's brother calls the action selective targeting.
Enforcement proceedings under the Prevention of Money Laundering Act concern allegations that suspended police officer Vijay Choudhary managed numerous assets through benami transactions and engaged in money laundering. An Anti-Corruption Bureau FIR had already been registered in relation to the allegations. Surinder Choudhary characterised the action as selective targeting but maintained that investigating agencies and the judiciary should address and decide matters concerning his family.
August 22, 2026
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Specialised dispute resolution requires technical expertise, timely proceedings, mediation support, and human oversight to safeguard natural justice.
Specialised, timely and effective dispute-resolution mechanisms are necessary for technically complex disputes in telecom, broadcasting, airport tariffs and cyber sectors. Technology may assist legal reasoning but cannot replace judicial reasoning, requiring verification, professional responsibility and meaningful human oversight. Effective specialised adjudication should combine domain expertise with judicial discipline, respond to technical complexity, and protect natural justice, transparency and reasoned decision-making. Mediation and other consensual mechanisms can support dispute resolution.
August 22, 2026
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Form 15CB certification faces scrutiny where inadequate verification allegedly enables foreign remittances through shell companies and false certificates.
Alleged misuse of Form 15CB certification has resulted in criminal proceedings concerning certificates issued for foreign remittances without verification of underlying documents. Form 15CB requires certification of applicable taxability and tax-deduction particulars for specified remittances to non-residents before processing by an authorised dealer. The allegations concern certificates that potentially enabled cross-border transfers through shell or non-existent companies, involving cheating, false certification, false evidence and common intention.
August 22, 2026
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Beginner stock market investing requires regulated accounts, risk-aware financial planning, diversification and informed company assessment before purchasing securities.
Beginner stock market investing requires a bank account, a trading or broking account with a SEBI-registered broker, and a Demat account for electronic holding of securities. Investments involve risk of loss and should align with financial goals, time horizon and loss-bearing capacity. Investors should understand primary and secondary markets, distinguish long-term investing from short-term trading, assess companies before purchase, diversify holdings, consider charges, maintain records and avoid borrowed-money investing, rumours and momentum-driven decisions.
August 22, 2026
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Capacity-based tobacco taxation targets undeclared packing machinery used for clandestine production and clearance without indirect tax payment.
Clandestine manufacture and clearance of pan masala, scented jarda and tobacco products without registration or payment of GST, HSNS Cess and central excise duty was detected through an intelligence-led search. Undeclared Form-Fill-Seal packing machines, workers, finished goods, raw materials, transport vehicles, packing materials and records indicated unaccounted production and clearance. Capacity-based monthly HSNS Cess for pan masala is computed according to the number, type and capacity of installed packing machines, while a corresponding capacity-based central excise levy applies to chewing tobacco, jarda and gutkha.
August 22, 2026
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Trade exhibition connects Korean exporters with Indian buyers through sector-specific consultations and certification guidance for market entry.
KoINDEX 2026 is a business-to-business trade exhibition bringing Korean manufacturers and exporters together with buyers in India and South Asia. It focuses on beauty and personal-care products, processed and functional foods, and construction, building and safety products. Commercial engagement includes pre-matched export consultations with project owners, contractors, distributors, wholesalers, e-commerce platforms and food distribution businesses. A seminar addresses Bureau of Indian Standards certification and market-entry requirements for Korean products entering the Indian market.
August 22, 2026
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Independent PMLA proceedings require separate anticipatory bail assessment; predicate-offence protection alone cannot establish pre-arrest protection.
Protection in a predicate-offence FIR does not automatically extend to independent PMLA proceedings. Anticipatory bail in a money-laundering investigation must be assessed under the applicable PMLA condition and on the material connecting the applicant to alleged proceeds of crime. Relevant considerations include the financial trail, recorded statements, bank-account analysis, compliance with summonses, cooperation with inquiry, and the need for personal participation in evidence collection and confrontation with documentary and digital material.

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Corp. Laws, SEBI & IBC

Vacancies in Institutions Serious Fraud Investigation Office (SFIO) as well as Competition Commission of India (CCI)

April 27, 2016

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A Statement showing the position of vacant posts in respect of institutions under Ministry of Corporate Affairs, category-wise and year-wise for the last 3 years i.e. 2013-14, 2014-15 and 2015-16 is given in the Annexure.

The various modes of making recruitment to these posts in respect of institutions under Ministry of Corporate Affairs are given in their Recruitment Rules (RRs). Therefore, there is no proposal for filling vacancies to these posts through National Level Online Examination.

Apart from efforts to filling vacant posts in these institutions as per RRs, the following additional steps are taken to fill up the vacant posts in the institutions of the Ministry.

(i)     Relaxation is given in RRs for a wider choice for selection of suitable officials, whenever deemed necessary.

(ii)    Appointment of consultants and staff on outsourced basis is done.

(iii)    Deploying officers on loan basis from the Ministry.

This was stated by Shri Arun Jaitley, Minister of Corporate Affairs in written reply to a question in the Rajya Sabha yesterday.

ANNEXURE

I.       SERIOUS FRAUD INVESTIGATION OFFICE:

S. NO.

POSTS

SANCTIONED POSTS

Vacancy position as on 31st March of the Financial Year

2013-14

2014-15

2015-16

1.

Director

1

-

-

-

2.

Additional Director/

Joint Director

19*

09

15

11

3.

Deputy Director

8

03

05

03

4.

PPS

1

-

-

-

5.

Senior Assistant Director

29

13

11

12

6.

Senior Prosecutor

5

05

05

05

7.

Assistant Director

30

08

07

08

8.

Prosecutor

5

04

04

03

9.

Office Superintendent

2

02

02

02

10.

Private Secretary

9

07

08

08

11.

Assistant

6

05

05

05

12.

Stenographer Grade-I

16

15

15

15

Total

131

71

77

72

*One post of Additional Director (Cost) was encadered on 27.02.2014.

II.    COMPETITION COMMISSION OF INDIA:

S. NO.

POSTS

SANCTIONED POSTS

Vacancy position as on 31st March of the Financial Year

2013-14

2014-15

2015-16

COMPETITION COMMISSION OF INDIA

1.

Secretary

01

-

-

-

2.

Advisor (FA)

02

02

-

01

3.

Advisor (Law)

03

-

-

01

4.

Advisor (Eco)

03

 

-

-

5.

Director(Law)

05

04

03

03

6.

Director (Eco)

05

03

01

02

7.

Director(FA)

02

01

01

01

8.

Joint Director (Law)

10

05

07

08

9.

Joint Director (Eco)

10

08

09

08

10.

Joint Director (FA)

04

02

02

03

11.

Joint Director (IT)

01

01

01

01

12.

Joint Director (F&A)

01

-

-

-

13.

Deputy Director (Law)

18

06

04

05

14.

Deputy Director (Eco)

18

08

05

04

15.

Deputy Director (FA)

10

04

04

04

16.

Deputy Director (CS)

05

03

03

-

17.

Deputy Director (F&A)

01

01

-

-

18.

Deputy Director (IT)

01

-

-

-

19.

Assistant Director (F&A)

02

-

01

-

20.

Assistant Director (CS)

14

01

-

-

21.

Assistant Director (LS)

02

-

-

01

22.

Assistant Director (IT)

03

-

-

-

23.

Senior Principal Private Secretary

01

-

-

-

24.

Principal Private Secretary

06

-

02

-

25.

Private Secretary

03

02

02

01

26.

Office Manager (CS)

20

12

-

06

27.

Office Manager (F&A)

04

02

01

01

28.

Office Manager (LS)

01

01

01

-

OFFICE OF DIRECTOR GENERAL COMPETITION COMMISSION OF INDIA

29.

Director General

01

-

-

-

30.

Additional Director General

04

03

01

-

31.

Joint Director General

08

05

04

03

32.

Deputy Director General

20

18

16

15

33.

Deputy Director General (CS)

01

-

-

01

34.

Assistant Director General (CS)

03

-

-

03

35.

Office Manager (CS)

04

-

-

-

Total

197

92

68

72

III.   COMPETITION APPELLATE TRIBUNAL:

S. NO.

POSTS

SANCTIONED STRENGTH

Vacancy position as on 31st March of the Financial Year

2013-14

2014-15

2015-16

1.

Registrar

1

-

-

-

2.

Deputy Registrar

1

1

1

1

3.

Senior Principal Private Secretary

1

1

1

1

4.

Principal Private Secretary

2

1

1

1

5.

Account Officer

1

1

1

1

6.

Private Secretary

1

1

1

1

7.

Section Officer

1

1

1

1

8.

Court Master

1

1

1

1

9.

Senior Hindi Translator

1

1

1

1

10.

Personal Assistant

4

4

3

3

11.

Assistant

3

1

-

-

12.

Account Assistant

1

1

1

1

13.

Steno. Gr. III

2

2

2

1

14.

Staff Car Driver

1

1

1

2

15.

Multi Tasking Staff (M.T.S)

4

4

4

4

Total

25

21

19

19

IV.       INDIAN INSTITUTE OF CORPORATE AFFAIRS:

S. NO.

POSTS

SANCTIONED STRENGTH

Vacancy position as on 31st March of the Financial Year

2013-14

2014-15

2015-16

1.

Director General & Chief Executive Officer

1

-

-

-

2.

Director

1

-

-

-

3.

Joint Director

2

1

1

1

4.

Deputy Director

3

3

3

3

5.

Professor

5

4

4

4

6.

Associate Professor

5

4

3

2

7.

Private Secretary

1

1

1

1

8.

Personal Assistant

1

1

1

1

9.

Assistant Professor

5

5

1

1

10.

Head of Centre

6

3

2

1

11.

Chief Information Officer

1

1

1

1

12.

Librarian

1

-

-

-

13.

System Administrator

1

-

-

-

14.

Research Analyst

1

1

1

-

15.

Chief Administrative Officer

1

1

1

1

16.

Chief Finance Officer

1

1

1

1

17.

Manager Human Resources

1

-

-

-

18.

Admn. Officer

3

1

2

2

19.

Finance Officer

3

1

1

1

20.

Assistant Manager

2

2

2

2

21.

Assistant

6

6

6

6

Total

51

36

31

28

V.        COMPANY LAW BOARD:

S. NO.

POSTS

SANCTIONED STRENGTH

Vacancy position as on 31st March of the Financial Year

2013-14

2014-15

2015-16

1.

Secretary

1

-

-

-

2.

Under Secretary

1

-

-

-

3.

Bench Officer

8

-

-

-

4.

Senior Private Secretary

9

7

8

8

5.

Section Officer

1

1

-

-

6.

S.T.A.

1

1

1

1

7.

Senior Legal Assistant

4

4

4

4

8.

Personal Assistant

2

1

1

1

9.

Assistant

1

-

-

-

10.

Junior Legal Assistant

3

3

3

3

11.

Upper Division Clerk

1

-

-

-

12.

Steno Grade ‘D’

1

1

1

1

13.

Lower Division Clerk

12

6

7

6

14.

Staff Car Driver

6

-

-

-

15.

Multi Tasking Staff (M.T.S)

15

3

5

6

Total

66

27

30

30

Topics

Acts Income Tax