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    ED can't add old FIR to Enforcement Case Information Report to sustain PMLA proceedings: Delhi HC
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August 21, 2026
Show AI Summary
Predicate-offence dependency limits retrospective addition of old FIRs to preserve money-laundering proceedings after the original scheduled offence is closed.
Predicate-offence dependency under the Prevention of Money Laundering Act requires an ECIR to rest on a subsisting scheduled offence. Closure of the FIR forming its basis through an accepted cancellation report prevents continuation of money-laundering proceedings unless that closure is overturned. A previously registered FIR cannot be belatedly added merely to preserve an existing ECIR and coercive powers. Where statutory requirements are met, an independently registered ECIR may be required. Expansion of an ECIR cannot rest solely on tenuous factual links between successive disputes.
August 21, 2026
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Indian rupee export invoicing rules now permit overseas contracts and invoices in rupees or foreign currency for eligible destinations.
Foreign Trade Policy provisions were amended to facilitate invoicing of overseas exports and receipt of export payments in Indian rupees. For exports to countries outside the Asian Clearing Union, export contracts and invoices may be denominated in Indian rupees or any foreign currency, replacing the earlier general requirement that export earnings be received in a freely convertible currency. The applicable requirements vary according to the destination country.
August 21, 2026
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Dealer inventory financing supports working-capital flexibility, vehicle inventory management and electric-vehicle network expansion for authorised dealers.
Dealer inventory financing is to be provided by Federal Bank to VinFast India's authorised dealer network under a memorandum of understanding. The tailored financing is intended to improve dealers' working-capital flexibility, support maintenance of vehicle inventory, strengthen operational capability, and enable timely response to demand as the electric-vehicle distribution network expands.
August 21, 2026
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Sugar supply pressures drive festive-season price increases as imports, stockholding limits and ethanol diversion shape market conditions.
Sugar prices in Bengal have risen sharply ahead of the festive season, with higher prices also affecting jaggery and other sugar-derived products. Supply constraints, mill stock releases, lower production in Brazil, ethanol diversion and possible hoarding have been identified as contributing factors. Raw-sugar imports have been permitted to augment availability, while stockholding restrictions limit inventories of specified bulk consumers. Lower projected closing stocks and possible future production effects from El Nino may sustain pressure on sugar availability and increase costs for sweetmeat producers.
August 21, 2026
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Foreign currency inflows and FCNR(B) deposits supported rupee sentiment, while oil prices and geopolitical risks constrained currency strength.
The rupee strengthened marginally against the US dollar as the dollar index softened, but elevated crude oil prices, geopolitical uncertainty, reduced foreign participation and net foreign equity outflows constrained currency sentiment. RBI measures to attract foreign currency inflows, including FCNR(B) deposits, were expected to generate substantial inflows, although these had not produced meaningful rupee strength. Energy-market disruption and restrictions on fuel exports through the Strait of Hormuz added to external-sector pressures.
August 21, 2026
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Sovereign security production priorities emphasise compliance, modernisation, employee innovation and operational excellence across currency, passport and coinage manufacturing.
SPMCIL performs a sovereign production mandate covering secure currency, coinage, passports and other products of national importance through its mints, currency presses, security presses and paper mill. Modernisation, compliance, transparency, efficiency, productivity, quality and corporate governance support the fulfilment of sovereign requirements. Individual employees and units were recognised for performance in productivity, environment and safety, energy conservation, knowledge and development, vigilance, and official-language implementation.
August 20, 2026
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Customs enforcement against suspected gold smuggling leads to baggage seizure and apprehension of the alleged intended receiver.
Customs officers intercepted an arriving passenger at the green channel on intelligence inputs and examined baggage after X-ray screening indicated suspicious images. The examination recovered two oval capsules containing gold paste concealed in the baggage. Interrogation indicated that an alleged receiver was waiting outside the airport to collect the suspected smuggled gold. Customs officers apprehended the alleged receiver, and further investigation remains underway.
August 20, 2026
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Provincial alcohol sales restrictions remain subject to economic impact assessment under proposed bilateral trade agreement negotiations.
Provincial control over alcohol distribution remains distinct from federal trade-making authority. Quebec retains authority over whether United States alcohol is offered through its government-controlled liquor distribution system, despite lacking a veto over a bilateral trade agreement. Federal requests to restore United States alcohol to retail shelves cannot compel provincial action. Proposed trade commitments also concern restrictions on United States agricultural products and Canada's dairy import regime, which applies lower tariffs within designated import volumes and higher duties beyond those volumes.
August 20, 2026
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Electoral-roll verification found no reported cases of specified foreign nationals receiving identity-linked benefits or voter registration.
Electoral-roll special intensive revision recorded no reported cases of Pakistani, Bangladeshi or Iranian nationals obtaining Aadhaar cards, ration cards, other government benefits, or voter registration. Illegal immigrants are identified through police monitoring, intelligence measures, specialised operations and a Special Task Force. Overstayers are recorded through the District Police Module and Foreigners Identification Portal and produced before Foreigners Regional Registration Officer authorities. Persons found to be residing illegally are reported to the concerned central divisions, proceeded against through registered cases, retained pending case disposal and exit permits, and subjected to deportation steps.
August 20, 2026
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Raw sugar tariff-rate quota permits duty-free imports while bulk consumers face consumption-based sugar stockholding limits.
Raw sugar imports are permitted duty-free under a tariff rate quota until 31 October 2026, with online allocation to eligible millers and refiners having functional refining capacity. Applicants must provide a refining-capacity declaration and supporting Consent to Operate; preference applies to importers undertaking timely completion of imports, while non-utilisation or failure to surrender allocations constitutes non-compliance. Bulk sugar consumers meeting the prescribed consumption threshold are subject to a stock cap of 15 days' consumption from 1 September to 30 November 2026.
August 20, 2026
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Duty-free raw sugar imports under tariff rate quota seek to improve domestic supply and contain rising sugar prices.
Duty-free import of 10 lakh metric tonnes of raw sugar is permitted under a tariff rate quota until 31 October 2026. The import-policy measure seeks to increase domestic raw-sugar availability and restrain rising local prices amid reduced opening stocks. Price-containment measures also include a stockholding limit for bulk consumers using more than 10 tonnes of sugar monthly, restricting holdings to 15 days' consumption.
August 20, 2026
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Reservation policy implementation is strengthened through capacity building, uniform institutional practices, welfare measures, and improved financial accessibility for Divyangjans.
Reservation policy implementation across Public Sector Banks, Public Sector Insurance Companies, sectoral regulators and Public Financial Institutions is being strengthened through a capacity-building workshop. The programme seeks uniform and effective application of Government reservation policies and related welfare measures. Senior human-resource functionaries and Chief Liaison Officers considered practical implementation issues, actionable measures for consistency, and operational concerns. It also focuses on improving accessibility of financial services for Divyangjans.
August 20, 2026
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Startup ecosystem support expands through digital infrastructure, mentorship, market linkages and specialised assistance for energy and climate-tech innovation.
DPIIT's collaborations with PhonePe and Shell India create support mechanisms for DPIIT-recognised startups through technology access, digital infrastructure, mentorship, market opportunities and industry networks. PhonePe will provide transaction credits, access to the Indus AppStore, onboarding support, brand visibility, and training on fintech, sales, go-to-market strategy and business scaling. Shell India will assist energy and climate-tech startups through mentorship, strategic guidance, investor and incubator connections, participation opportunities, and knowledge-sharing materials on innovation and best practices.
August 20, 2026
Show AI Summary
India-Singapore economic cooperation advances through trade, investment, technology and business linkages, including agriculture, fintech and sustainable infrastructure collaboration.
India-Singapore economic cooperation was advanced through ministerial, business and government-to-business engagements focused on deepening bilateral trade, investment, technology and commercial linkages. Discussions addressed agri-exports, GCC-based commercial parks, fintech and sustainable infrastructure, alongside expanding agricultural market linkages. The engagements reinforced commitment to strengthening trade, investment, technology and business-to-business cooperation.
August 20, 2026
Show AI Summary
Responsible AI banking requires human oversight, explainable customer decisions, fair conduct, resilient systems and inclusive credit access.
Responsible AI in banking must promote inclusion, resilience and customer trust while preserving human judgement, governance accountability and clear responsibility. AI and alternative data may widen access to credit where data is obtained with consent, tested for reliability and bias, and used prudently. Banks must maintain capacity to challenge models, oversee providers, test systems under adverse conditions and intervene when automation fails. Material customer decisions must be explainable, clearly communicated and subject to review by an authorised person. Fair conduct, meaningful disclosure, impartial complaint review and transparent communication remain essential throughout the customer relationship.
August 20, 2026
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Multi-Currency EEFC settlements let exporters retain foreign earnings and choose conversion timing for overseas payment obligations.
Multi-Currency EEFC Account settlements enable exporters and international businesses to receive payment settlements directly into Exchange Earners' Foreign Currency accounts in the original transaction currency without immediate conversion into Indian rupees. Retention of foreign currency earnings permits businesses to choose when conversion is required, reducing repeated foreign-exchange conversion cycles and supporting management of foreign-currency cash flows and overseas obligations.
August 20, 2026
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Power semiconductor foundry expansion targets Indian fabless customers through technology showcasing, process development, and collaboration in the growing semiconductor market.
DB HiTek seeks to expand foundry business with Indian fabless semiconductor companies by showcasing power semiconductor and specialised process technologies. Its commercial focus includes BCD processes for automotive and industrial applications, together with silicon-carbide and gallium-nitride process development and planned volume production. Product-performance evaluations are underway with strategic customers. Customer expansion also covers X-ray, global-shutter, single-photon avalanche diode, specialty CIS, and mixed-signal/RF processes, supported by collaboration with local fabless firms.
August 20, 2026
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Money-laundering allegations over payments without services raise concerns about overseas transfers, identity-linked communications, and mineral smuggling.
Money-laundering allegations concern claimed payments by Cochin Minerals and Rutile Ltd. to Exalogic Solutions Pvt. Ltd., a company promoted by Veena T., without corresponding services. Searches reportedly yielded handwritten material referring to fund transfers to Dubai and digital material relating to a SIM card obtained in another person's name. Further allegations included overseas fund movement, hawala transfers, and possible thorium or monazite smuggling, all presented as allegations requiring examination.
August 20, 2026
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Exchange stabilisation support aims to strengthen foreign-exchange resilience, reduce rollover dependence and restore access to longer-term market financing.
Pakistan has sought a proposed Exchange Stabilisation Support Facility to reinforce foreign-exchange stability and signal currency resilience to international capital markets. The strategy seeks to reduce reliance on short-term bilateral loans, deposits and rollovers by moving towards market-based financing with longer repayment periods. Improving sovereign creditworthiness through engagement with credit-rating agencies is intended to facilitate international market access, lower borrowing costs and enable longer-maturity debt raising.
August 20, 2026
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Elephant ivory trade prohibition supports enforcement against wildlife trafficking, seizure of carved ivory articles, and further investigation.
Illicit trade in elephant ivory and articles manufactured from it is prohibited under the Wildlife (Protection) Act, 1972, supporting India's CITES obligations. Enforcement action against a wildlife-trafficking syndicate resulted in the interception of four persons and seizure of 54 carved ivory artefacts. The seized articles and apprehended persons were transferred to the State Forest Department for further investigation. The action forms part of continuing measures against unlawful trade in wildlife derivatives and biodiversity threats.

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News and Press Release

Achievements & Initiatives of Ministry of Statistics and Programme Implementation during 2018

December 20, 2018

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The major initiatives undertaken during 2018 to further improve statistical system to meet data requirements in emerging socio-economic scenario of the country included the following:

(i)    During the year steps have been initiated for next revision of base years. The Ministry has released back series estimates for the 2011-12 base on 28.11.2018.

(ii)    Government constituted a Committee for Sub-National Accounts under the Chairmanship of Prof. Ravindra H. Dholakia, ex-IIM, to upgrade existing norms and evolve new ones for computation of economic data at State and District levels for revision of the base year of GDP. The earlier such Committee was set up in the year 1972.

(iii)    The Ministry notified General Guidelines on Quality Assurance for Official Statistics in April, 2018 for voluntary compliance by Government agencies for improving quality of statistical products as per the Generic National Quality Assurance Framework endorsed by the United Nations Statistical Commission.

(iv)    The Ministry notified General Guidelines on Socio-Economic Indices in April, 2018 to help the Government agencies in improving the quality of indices like the CPI, IIP and WPI.

(v)    National Indicator Framework has been developed by Ministry of Statistics and Programme Implementation (MoSPI) for monitoring progress on Sustainable Development Goals (SDGs). The Cabinet, in its meeting held on 24.10.2018, has approved the proposal of MoSPI for constitution of High Level Steering Committee to periodically review, refine and modify the National Indicator Framework.

(vi)    A Memorandum of Understanding (MoU) has been signed between MoSPI and United Nations Resident Coordinator (UNRC) with overall objective to collaborate on issues related to Statistical monitoring of Goals and Targets of SDGs, including the use of new technologies for monitoring, capacity development to track SDG related outcomes.

(vii)    The Ministry has participated in Smart India Hackathon 2018 organised at Hubli for promoting innovation in Official Statistics. The prototype solutions developed by teams of engineering students are being considered for refinements.

(viii)    Government has taken various steps to strengthen statistical systems in North- Eastern Region. During 2018-19 ₹ 12.53 crore has been released in so far for conducting surveys of NSSO. Besides an amount of around 8.27 crore is likely to be released during Jan 2019 by NSSO. The process of opening of two new Regional Offices of NSSO at Aizwal (Mizoram) and Itanagar (Arunachal Pradesh) and upgrading two Sub Regional Offices at Agartala (Tripura) and Imphal (Manipur) in North-East has been initiated.

(ix)    Consistent to the federal spirit, the Ministry has been conducting annual conferences of Central and State statistical organizations in which common statistical issues are discussed and shorted out. 26th Conference of Central State Statistical Organizations was held during 15-16th November, 2018 at Dharamshala, Himachal Pradesh.

(x)    Government has declared 29th June, the birth anniversary of Late Prof. P. C. Mahalanobis, as Statistics Day. A theme is announced on each Statistics Day for focusing attention by statistical agencies for a year. The 12th Statistics Day was celebrated on 29th June, 2018, which was the 125th birth anniversary of Late Prof. Mahalanobis. The theme “Quality Assurance in Official Statistics” was announced on this day. A commemorative coin of ₹ 125 and circulation coin of ₹ 5 denomination were released by Hon’ble Vice President of India.

(xi)    The Round Table Conference on Data for New India was organised in New Delhi during 9-10th July, 2018. The Conference is a precursor to the range of reforms being initiated by MoSPI under the Capacity Development Scheme and World Bank funded reforms. The Conference was attended by both international participants from U.K., Canada, Australia and national participants to discuss the reform agenda for the Indian Statistical System.

(xii)    The Ministry participated in bilateral consultation and technical assistance to National Statistics and Information Authority (NSIA), Afganistan during 6-7th December, 2018.

(xiii)    The Cabinet Committee on Economic Affairs approved continuation of the Capacity Development Scheme for the period 2017-18 to 2019-20 with an outlay of ₹ 2,250 crore. Preparatory activities for undertaking 7th Economic Census, Time Use Survey (TUS), Annual Survey of Service Sector Enterprises (ASSSE), and Annual Survey of Unincorporated Sector Enterprises (ASUSE) are being initiated.

(xiv)    The Ministry is responsible for monitoring of Central Sector Infrastructure Projects costing ₹ 150 crore or more. As on 01.03.2018, a total of such 1417 projects with anticipated cost of ₹ 20.78 lakh crore are being monitored through Online Computerised Monitoring System (OCMS). Of these, 317 are showing time overruns, 362 are showing cost overruns and 124 are showing both time and cost overruns with respect to their original project implementation schedule. The cost overrun with respect to original cost is 19.55% in August 2018. An analysis of Time overrun in the last 4 years shows that the number of project having time overrun with respect to the original schedule has come down from 29.44% in March, 2014 to 22.37% in August, 2018. The details of Central Sector Infrastructure Projects are available in flash report at www.cspm.gov.in/publications.

(xv)    Various workshops were conducted for State DES personals on the use of unit level data of NSS/ASI/EC through IHSN toolkit.

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