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August 13, 2026
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Bribery allegations in GST enforcement prompted arrest after alleged payment demand to avoid a tax-liability notice.
Bribery allegations involving GST enforcement led to the arrest of a CGST Superintendent after a complaint alleged that payment was demanded from a private company to avoid issuance of a tax-liability demand notice and to close the matter. A trap operation resulted in the public servant being apprehended while allegedly accepting part of the demanded bribe, and the amount accepted was recovered. Searches were undertaken, and investigation remained ongoing.
August 13, 2026
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August 13, 2026
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August 13, 2026
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August 13, 2026
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Investment banking registration enables regulated cross-border offerings, listings, debt transactions and capital-market advisory through GIFT City.
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August 13, 2026
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Merchandise export growth was driven by petroleum, electronics, engineering and marine goods, while rising imports widened the trade deficit.
India's merchandise exports increased in July, while imports also rose and widened the trade deficit. Export growth was attributed to higher overseas shipments of petroleum products, electronics, engineering goods and marine goods. Exports and imports both recorded growth during the April-July fiscal period, and exports to West Asian countries increased in July.
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August 13, 2026
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Accredited Investor certification facilitates eligible investors' access to alternative investment products, lower thresholds and applicable regulatory flexibilities.
SEBI's Accredited Investor framework enables eligible investors and entities to obtain certification that may allow lower minimum investment thresholds for Portfolio Management Services, Alternative Investment Funds and other alternative investment products, along with applicable regulatory flexibilities. PMS Bazaar and NSDL Database Management Limited's Accreditation Agency facilitate end-to-end applications, subject to required documentation and prescribed payment. Assistance is available to individual investors and eligible clients of investment providers without additional platform, service or processing charges, while prescribed certification fees remain payable.
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Manufacturing performance is assessed under the revised National Accounts Statistics series using 2022-23 as the base year. Manufacturing's share of total Gross Value Added at current prices remained broadly stable through 2025-26, and Manufacturing GVA at constant prices achieved a compounded annual growth rate of 10.88% from 2022-23 to 2025-26. Production Linked Incentive schemes, logistics and industrial-corridor measures, semiconductor initiatives, and MSME support seek to strengthen domestic manufacturing, diversify supply chains, reduce import dependence, and improve resilience.
August 13, 2026
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Electronic inspection and certified copies expand digital access to judicial records while supporting efficient case management and reduced delays.
NCLT has launched e-Inspection and e-Certified Copy Services for faster and more convenient access to judicial records and certified copies by advocates, litigants and other stakeholders. The services support a technology-enabled Registry framework and transparent, efficient justice delivery. Pendency monitoring, workload redistribution, Special Benches, maximisation of court time, and registration and listing guidelines are intended to improve case management, optimise limited judicial resources and reduce avoidable delays.
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CBDC-based food subsidy transfers enable eligible beneficiaries to use Digital Rupee wallet credits for traceable foodgrain purchases.
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Identity document forgery allegations prompt investigation into fraudulent Aadhaar updates and falsified government and educational certificates.
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August 12, 2026
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Interest-rate regulation for loans and advances proposes harmonised fixed and floating loan-pricing principles across regulated entities.
Interest-rate regulation for loans and advances is proposed to be harmonised across all regulated entities through a principles-based framework for fixed-rate and floating-rate loans. The framework would be calibrated to each entity's nature, complexity and scale, while supporting monetary policy transmission, credit-risk-based pricing, and fair, non-discriminatory borrower treatment. It addresses divergent commercial-bank practices in determining the marginal cost of funds-based lending rate and its components, alongside limited regulatory coverage of fixed-rate loans. Separate final directions are intended for each category of regulated entity after consideration of feedback.
August 12, 2026
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August 12, 2026
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Trade sovereignty and energy security underpin calls to resist tariff pressure and protect sensitive sectors in bilateral negotiations.
Trade sovereignty and energy security are advanced as grounds for resisting tariff pressure linked to Indian purchases of Russian crude. Bilateral trade negotiations should proceed through equality, reciprocity and mutual respect without compromising agriculture, dairy, energy security or strategic autonomy. Concerns are also raised over removal of e-commerce inventory restrictions for foreign direct investment and over proposed Merchant Discount Rate charges on UPI transactions. Withdrawal of the inventory measure and opposition to payment-provider charges are urged, alongside possible restrictions on United States technology and social-media companies and consumer boycotts of American goods and services.

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Speech of the Union Finance Minister Shri Pranab Mukherjee Delivered on 70th Death Anniversary of Late Rabindranath Tagore ‘Remembering Rabindranath Tagore’ At National Museum Auditorium, New Delhi, On 8 August 2011: 1700-1745 Hrs.

August 9, 2011

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Press Information Bureau

Government of India

Ministry of Finance

08-August-2011 21:01 IST

Speech of the Union Finance Minister Shri Pranab Mukherjee Delivered on 70th Death Anniversary of Late Rabindranath Tagore ‘Remembering Rabindranath Tagore’ At National Museum Auditorium, New Delhi, On 8 August 2011: 1700-1745 Hrs

Honourable Minister of Culture, Kumari Selja,

Chairman, Sangeet Natak Akademi, Shrimati Leela Samson, Secretary, Ministry of Culture,  Jawahar Sircar,

Distinguished guests

This is a sombre moment:  As I stand here,  on the  71st Punya Tithi of Rabindranath Tagore, I can  see the opening shot of Satyajit Ray’s iconic documentary film on the poet which, fifty years ago, received a coveted award at the Locarno film festival in Switzerland. As the carriage in which Rabindranath lay,  wreathed in flowers, crawled  through the  mass of humanity, swirling all around with grief,   the  baritone  voice of Satyajit Ray  came out with the words:

“On the 7th of August, 1941, a man died in Calcutta.  His mortal frame perished in flames, but he left behind a legacy of words and music, of art and thought, that will be cherished for a long time to come.”

These are simple words that reach deep into the life of an extraordinary creator.

2)      It required not much foresight to declare that Tagore’s work would be cherished for long.  At the same time, its truth is evident after the passage of a century and half that separates us from his birth in 1861.  Clearly, Tagore matters, and matters over an even larger field than he had commanded seventy years ago.  In the intervening years, his work has dispersed widely in the country and abroad, wafted by the winds, so to speak.  This process has been hastened  by the freedom from  copyright on his work: Tagore is now totally in the public domain.

3)      He was an activist.  When he found, the colonial education system was destroying the talent, creativity of the people of India,   he established the great institutions of Shantiniketan where all ideas, thoughts, philosophy were allowed to be blown uninterruptedly.  This Ashram school later became a Central University with a distinction of Prime Minister of India as its Chancellor starting from Jawaharlal Nehru today.  The basic motto of the University ‘Yatra visvam bhavatyekanidam’, where the world makes a home in a single nest.

4)      He was a traveler – a real Parivrajaka.  He travelled the continents of Europe, America, Latin America, East and Far East.  Everywhere he discovered the relation between man and man.  To him artificial barriers of border, domicile, and religion cannot separate one human being from other.  He believed in universal brotherhood throughout his life and through his writings, he preached this ideal.  Imperial aggressions, brutal forces, mercantile greed, are not enemies to any individual country or society or religion but it is an aggression on humanity itself.

Therefore, there is no wonder, he writes in ‘Light of Asia’, when Korea suffers from imperial aggression.  When the brutal colonial power exploits and destroys the spirit of African continent, his pain and agony are manifested abundantly.  Simply, he was a universal humanist.

5)      However, a creator lives in the public domain not by legal provision, but because his work finds resonance in the hearts and minds of the public.  So it has been with Rabindranath’s work.  The key to its success with new generations of readers, listeners, and viewers is the usefulness it holds for every section of people. But if thoughts alone were all that Tagore had to offer, he would be just another didactic and a very worthy writer.  But Tagore was not just a visionary or an ideologue.  He was a narrator of the   story of life, and the herald of a better and possible future.

This narrative flowed out of him copiously through various channels – poetry, fiction, music, dance, drama and finally painting – clothed in forms of beauty.  Exhausting the possibilities of one medium, he seems to have reached for another, never stopping in his quest till the last.  It is thus that he bequeathed to us his legacy of word and song.

6)      Music was central to Tagore’s soul, and he sensed through it an order of things beyond the mundane world.  I can do no better than to quote the poet before I close this brief address:

“Deep in the heart of this universe of creation and immanent with it, there is a kind of throbbing of life.  Music conveys to us a feeling of this heart-throb of universal harmony.  Life of Man as a whole forms part of this great symphony . . .  The sun, the moon, the planets and the stars, the trees and herbs – all of them contribute their tune to this great music of the Universe.”

                   7)      The National Committee,  that has been set up under the Prime Minister, with several other noted personalities and experts,  have given their advice.  The National Implementation Committee,  which I have the honour of chairing,  has then laid down precise tasks, projects and programmes,  to commemorate the everlasting genius of Tagore.  I congratulate the Ministry of Culture and other Ministries and  organizations for carrying out this task,  with so much sincerity and in such a grand manner.

8)      As we pay our tribute to this great man, we would do well to remember his was an existence,  that was enhanced by beauty and a harmony that arose from the interplay of all the finest elements and aesthetics,  that the world can bestow on a worthy son.

Thank you.

…..

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