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    September 14, 2026
    Retail, wholesale inflation rise in August amid elevated energy prices, costlier food items
    September 14, 2026
    BJP attacks Cong over 'irregularities' in 2016 Uttarakhand exam
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September 14, 2026
Retail, wholesale inflation rise in August amid elevated energy prices, costlier food items
Show AI Summary
Inflation-targeting framework guides policy-rate decisions as elevated food, energy and wholesale costs increase risks to consumer prices.
The inflation-targeting framework requires Consumer Price Index-based inflation to be maintained at 4 per cent, subject to a margin of 2 per cent on either side. The Monetary Policy Committee takes retail inflation into account when determining the policy repo rate. Wholesale price inflation rose with higher food, manufactured-item, fuel and power inflation, while elevated energy, food and input costs may transmit producer-level pressures to retail prices.
September 14, 2026
BJP attacks Cong over 'irregularities' in 2016 Uttarakhand exam
Show AI Summary
Money-laundering investigation into recruitment examination irregularities proceeds from police and vigilance FIRs concerning selection of panchayat development officers.
Alleged irregularities in the 2016 recruitment examination for Gram Panchayat Vikas Adhikari posts in Uttarakhand are under money-laundering investigation under the Prevention of Money Laundering Act. The case arises from four police and vigilance FIRs concerning the examination conducted by the state service selection commission. Enforcement action included a search of the premises of a personal assistant to a former Chief Minister and seizure of cash and valuables.
September 14, 2026
Delhi HC dismisses Vimal Elachi makers’ plea against show cause notice to celebrity actors
Show AI Summary
Territorial jurisdiction requires material cause-of-action facts, not incidental business connections, in challenges to advertising regulatory notices.
Territorial jurisdiction in challenges to regulatory show-cause notices requires a substantial and material connection between the dispute and the forum. A company's registered office, payment arrangements, campaign management, or engagement of brand ambassadors do not confer jurisdiction when they have no direct bearing on the validity of notices issued elsewhere. Incidental or background facts cannot be presented as a cause of action. Forum conveniens favours the forum most closely connected with the regulator, the notice recipients, the alleged activity and the asserted statutory violations.
September 14, 2026
Postal network can be used more for govt programmes, citizen outreach: Jitendra Singh
Show AI Summary
Postal network public-service delivery expands last-mile banking, pension and citizen services while employee matters undergo administrative examination.
Postal network-based public-service delivery is being expanded beyond traditional mail carriage to support government programmes, citizen outreach and last-mile access. Doorstep banking, India Post Payments Bank, Aadhaar-related facilities, PAN services, Passport Seva services, digital pension services and Digital Life Certificates are intended to bring financial and essential services closer to citizens, including villages and households. Employee organisations' service, recognition, representation and pension-related concerns are subject to examination through the appropriate administrative process under applicable rules and legal and financial considerations.
September 14, 2026
Retail inflation rises to 4.82 pc in Aug on higher food prices
Show AI Summary
Inflation-targeting framework faces pressure as food-driven retail and wholesale price increases inform upcoming monetary policy decisions.
Consumer Price Index-based retail inflation rose to 4.82 per cent in August, exceeding the Reserve Bank's median target and reflecting higher food prices. Wholesale price inflation also increased, led by higher food, manufactured-item, and fuel-and-power inflation. The inflation-targeting framework requires the Reserve Bank to maintain Consumer Price Index-based inflation at 4 per cent, subject to a tolerance margin of 2 percentage points on either side. Consumer price inflation is a material consideration for monetary policy rate decisions.
September 14, 2026
DRI seizes more than 362 MT Pakistan-origin dry dates under ‘Operation Deep Manifest’
Show AI Summary
Import prohibition enforcement targets Pakistan-origin dry dates routed through third countries using transshipment and false origin declarations.
India's prohibition on direct or indirect import or transit of goods originating in or exported from Pakistan applies to goods routed through third countries. DRI seized dry dates declared as UAE-origin after preliminary investigation indicated shipment from Karachi to Jebel Ali, transfer into different containers, and onward movement to India. Enforcement under Operation Deep Manifest targets evasion through misdeclaration of origin, transshipment and manipulation of import documentation.
September 14, 2026
Bajaj Finance Explains How Gold Loan Interest Rates, Tenure and Online Calculators Work Together
Show AI Summary
Gold loan valuation and repayment planning depend on applicable interest, tenure, LTV limits, and final physical gold assessment.
Gold loan borrowing is subject to the applicable interest rate, repayment tenure, gold valuation, Loan-to-Value limits and borrower eligibility. An online calculator can estimate interest repayment using the proposed loan amount, rate and tenure, while a gold rate calculator may estimate the potential loan amount. Final eligibility and loan amount require physical assessment of pledged gold, including purity, eligible weight, applicable LTV limits and valuation methodology. Calculator results are indicative, and applicable charges and repayment terms should be checked before applying.
September 14, 2026
India is Asking the Wrong Question About Protein: PAN India White Paper Calls for Rethinking Protein in Plant-based Diets
Show AI Summary
Plant-based protein adequacy depends on varied, calorie-adequate eating patterns, with supplements reserved for defined dietary gaps.
Plant-based protein adequacy depends on the overall eating pattern, including dietary diversity, calorie sufficiency, digestibility, meal composition, and individual life-stage and health needs, rather than protein grams or individual-food labels. Protein-quality scores and high-protein claims do not by themselves establish nutritional quality. Focused assessment is needed for persons at greater risk of inadequate intake, including children, pregnant or breastfeeding women, older adults, and persons with restricted intake or illness. Supplements should be used selectively only where food cannot meet a defined dietary gap.
September 14, 2026
From Ten-Minute Delivery to Proof-led Delivery: What Pan-India Organic Grocery Actually Requires
Show AI Summary
Organic grocery traceability supports pan-India delivery through certified sourcing, batch testing, and customer access to product laboratory reports.
Organic grocery delivery is positioned as requiring a proof-led supply chain rather than a speed-driven quick-commerce model. Delivery convenience is intended to operate without displacing verification processes supporting organic-product claims. Batch-level laboratory testing for banned chemical and pesticide residues forms a pre-sale control within the supply chain, while QR-code access to product laboratory reports is intended to give customers traceable evidence of testing. The model combines app-based doorstep delivery with certified sourcing, manufacturing controls, residue testing and consumer-facing verification.
September 13, 2026
West Bengal tourist missing near Kupwara LoC amid fake Aadhaar probe
Show AI Summary
Identity verification concerns arose after a tourist disappeared near the border, triggering missing-person search and phone tracking.
Identity verification concerns arose after a tourist went missing from Teetwal near the Line of Control. His Aadhaar card was allegedly found to be fake after he left it and other belongings at a guest house. Local authorities registered a missing-person report and initiated a search. Cellphone tracking indicated that his phone was active elsewhere along the Jammu-Srinagar highway.
September 13, 2026
From machines to brands, Indians should control lab-grown diamond ecosystem, says Amit Shah
Show AI Summary
Lab-grown diamond ecosystem policy promotes domestic control, global branding, and incentives for rough diamond trading.
Lab-grown diamond sector development is directed toward Indian control of the full value chain, including machinery, production, jewellery, brands and overseas retail. Central and state-level policy support is contemplated to expand domestic capacity, exports and global market participation. Rough diamond trading companies operating in special notified zones are stated to receive a 15-year income-tax exemption, supporting the objective of establishing India as a rough diamond trading hub. Infrastructure, jewellery parks, stamp-duty waivers, affordable electricity, connectivity and free trade agreements are identified as supporting measures.
September 13, 2026
Eliminating non-tariff barriers, smooth payment mechanism key to boosting BRICS trade: EEPC India
Show AI Summary
Non-tariff barrier elimination and efficient national-currency payments are identified as central measures for expanding BRICS engineering trade.
BRICS trade facilitation is proposed through elimination of non-tariff barriers, adoption of mutually agreed standards, and efficient payment mechanisms in individual national currencies. EEPC India advocates a common agreement among BRICS members to simplify regulatory procedures and move discussions on non-tariff measures towards implementation. Reducing such barriers is presented as capable of increasing BRICS participation in cross-border trade and supporting engineering exports.
September 13, 2026
7 years on, insurer ordered to pay Rs 8.06 cr to Swiss firm subsidiary in fire claim dispute
Show AI Summary
Technical repudiation of fire insurance claims is unsustainable where assessed loss and compliance evidence remain undisputed.
Technical repudiation of a fire insurance claim was treated as legally unsustainable where the insurer had assessed the fire loss, did not dispute its occurrence or quantum, and relied only on alleged procedural non-compliance. Email records and virtual conferences showed repeated efforts by the insured to provide requested material. In the absence of substantive disagreement regarding the assessed fire loss or fraudulent intent, rejection solely for procedural shortcomings was characterised as an unfair trade practice and a deficiency in service.
September 13, 2026
Delhi HC to pass order on Monday on Vimal Elaichi makers’ plea seeking to quash show-cause notices against actors
Show AI Summary
Territorial jurisdiction over surrogate advertising notices is contested where regulatory directions target brand ambassadors rather than the advertiser.
Territorial jurisdiction over show-cause notices alleging surrogate advertising of Vimal Pan Masala through Vimal Elaichi endorsements is contested before the Delhi High Court. PB Agro LLP maintains that directions to provide documentation, stop the campaign and remove digital promotional material were issued only to brand ambassadors, without hearing the company. It disputes the state regulator's jurisdiction and asserts that Vimal Elaichi is distinct from pan masala. The Centre and the Central Consumer Protection Authority contend that the Bombay High Court has territorial jurisdiction.
September 12, 2026
BRICS adopts landmark declaration as PM Modi calls to replace 'pyramid of privilege' in global governance
Show AI Summary
Global governance reform prioritises representation, responsiveness and rule-making while addressing trade restrictions, conflict, terrorism and seafarer protection.
Global governance reform is pursued through a BRICS roadmap focused on representation, responsiveness and rule-making, with greater participation for the Global South. BRICS also raises concerns about tariffs, non-tariff measures, protectionism, unilateral sanctions and coercive measures that may disrupt trade, supply chains and energy security. The agenda supports dialogue and diplomacy in West Asia, zero tolerance for terrorism, and a Seafarers' Emergency Support Network to coordinate distress alerts, medical aid, family notifications and evacuations.
September 12, 2026
Following are the top foreign stories at 2030 hours
Show AI Summary
Trade sanctions and import duties shape proposed Russia measures and solar import restrictions affecting India and other trading partners.
Trade-related developments include proposed sanctions on Russia coupled with tariffs on its trading partners, including India, and final anti-dumping and countervailing duties on solar-cell and panel imports from India, Indonesia and Laos. The duties are linked to allegations of unfair government subsidies and injury to domestic industry. Cross-border cooperation also concerns repatriation of trafficked orangutans, climate security, trade, infrastructure and resumed passenger air connectivity between Guangzhou and New Delhi.
September 12, 2026
RBI rejects Tata Sons' bid to surrender NBFC licence, setting stage for mandatory listing
Show AI Summary
Upper Layer NBFC Classification Triggers Mandatory Listing After Deregistration Request Is Rejected for a Private Holding Company.
Rejection of the application to surrender Core Investment Company registration reportedly keeps Tata Sons within the NBFC framework as an Upper Layer NBFC. The classification imposes enhanced regulatory obligations, including mandatory stock-exchange listing for privately held entities. Revised norms provide for automatic Upper Layer inclusion where an NBFC meets the prescribed asset threshold. Any listing would entail regular public disclosures and greater scrutiny of finances, investments and capital allocation. Enhanced Upper Layer requirements continue for at least five years after listing, even if qualifying thresholds are later no longer met.
September 12, 2026
BRICS adopts New Delhi Declaration with consensus, skips mentioning US attack on Iran
Show AI Summary
Trade-restrictive actions and unilateral sanctions are opposed as members promote lawful commerce, diplomacy, and counterterrorism cooperation.
Trade policy commitments express concern over trade-restrictive actions inconsistent with WTO rules, including indiscriminate tariffs, unilateral tariff and non-tariff measures, and protectionism presented as environmental action. Unilateral coercive measures, including unilateral economic and secondary sanctions contrary to international law, are condemned for adverse human-rights implications, with a call for their elimination. Counterterrorism cooperation requires zero tolerance, rejection of double standards, accountability for terrorist activity and support, and compliance with international-law obligations.
September 12, 2026
RBI rejects Tatas'€™ bid to surrender NBFC licence, group will have to list on bourses: Sources
Show AI Summary
Upper-layer NBFC listing requirements apply after licence-surrender rejection, making public market listing mandatory for the holding company.
Reported rejection of Tata Sons' application to surrender its NBFC licence leaves it classified as an upper-layer NBFC and subject to mandatory public listing. The deregistration application was reportedly declined because necessary criteria were not met. The upper-layer NBFC framework identifies entities requiring compulsory listing and automatically includes NBFCs with assets above the prescribed threshold.
September 12, 2026
BRICS leaders oppose 'punitive, discriminatory’ carbon border taxes
Show AI Summary
Carbon border adjustment mechanisms are criticised as unilateral, discriminatory trade measures affecting carbon-intensive imports from developing economies.
Carbon border adjustment mechanisms are characterised as unilateral, punitive, discriminatory and protectionist measures inconsistent with international law, with concern that they may undermine developing countries' climate-change adaptation and resilience efforts. Such mechanisms impose additional import duties on carbon-intensive goods according to emissions generated in manufacture and may affect iron and steel, cement, fertiliser and aluminium exports.

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Benami Transactions (Prohibition) Amendment Act, 2016

April 11, 2017

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Government of India

Ministry of Finance

11-April-2017 17:54 IST

The Government has already put in place empowered institutions for efficient implementation of the Benami Transactions (Prohibition) Amendment Act, 2016.

In exercise of powers conferred under sub-section (2) of section 28 read with section 59 of the amended Prohibition of Benami Property Transactions Act, 1988, vide Notification No. SO 3290E, dated 25.10.2016 the Central Government has notified specified Income-tax authorities to act as Initiating Officer, Approving Authority and Administrator in respect of benami transactions. Further, vide Notification No. SO 3288E, dated 25.10.2016, the Adjudicating Authority has been notified.

Since the coming into effect of the amended law from 1 November, 2016, several benami transactions have been identified. Show cause notices for provisional attachment of benami properties have been issued in 140 cases involving properties of the value of about ₹ 200 crore. Out of these, provisional attachment has already been effected in 124 cases. The benami properties attached include deposits in bank accounts and immovable properties.

This was stated by Shri Santosh Kumar Gangwar, Minister of State in the Ministry of Finance in written reply to a question in Rajya Sabha today.

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