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    August 26, 2026
    HIGHLIGHTS
    August 26, 2026
    SIDBI organizes a conclave of the Heads of Regional Rural Banks (RRBs) on expanding SIDBI-RRB MSME Co-Lending arrangement
    August 26, 2026
    SC sets aside show cause notice to Tata Steel over input tax credit availed during FY19-23
    August 26, 2026
    HC flags fraudulent use of Aadhaar by infiltrators to get Indian citizenship; calls for action
    August 26, 2026
    IVCA Welcomes Consultative Approach on Draft FEMA NDI Rules
    August 26, 2026
    India to be among top 5 Nestle markets in coming years, a major export hub : Global CEO
    August 26, 2026
    Build Credit Awareness with a Free Credit Score Check from Bajaj Finance
    August 26, 2026
    CARD91 Introduces Five-Point Credit Lifecycle Consistency Framework for Credit Line on UPI
    August 26, 2026
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    August 26, 2026
    The US and Canada could pull back from an all-out trade war. It's not clear that they will
    August 26, 2026
    Indian Community in Japan Playing Key Role in Strengthening India-Japan Ties: Commerce and Industry Minister Shri Piyush Goyal
    August 26, 2026
    Union Minister of Commerce and Industry Shri Piyush Goyal Chairs India-Japan Industry Roundtable on Semiconductors and Artificial Intelligence in Toky...
    August 26, 2026
    National Traders’ Welfare Board Holds 100th VC Meeting to Strengthen Engagement with Traders Across the Country
    August 26, 2026
    CCI approves acquisition of 100% share capital of Tao Digital Solutions by Cyient Ltd
    August 26, 2026
    CCI approves acquisition of 100% stake in Kestrel Coal Group Pty Ltd. by Yancoal Australia from certain sellers
    August 25, 2026
    HC bench releases Skoda Volkswagen USD 1.4 billion tax case sans verdict; matter to be heard afresh
    August 25, 2026
    Canada strikes back at US with retaliatory tariffs as trade war escalates
    August 25, 2026
    Rupee rises 26 paise to close at 95.44 against US dollar
    August 25, 2026
    Economy shows resilience to global headwinds with buoyant domestic demand: RBI bulletin
    August 25, 2026
    Goyal promises BIS certification relief for high-tech sector firms
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August 26, 2026
HIGHLIGHTS
Show AI Summary
Alternative dispute resolution enabled settlement of long-pending disputes, alongside reporting on court administration and regulatory compliance concerns.
Legal developments include resolution of long-pending tenancy, commercial and property disputes through a special Lok Adalat mechanism, including a digitally signed international settlement. Other matters concern a challenge to a riot-related murder conviction, allegations of administrative irregularities and selective case listing, fast-track court pendency, cancellation of a recruitment process following suspected examination malpractice, fraudulent identity documents used to claim citizenship, medical-qualification standards, and opposition to uranium exploration and mining.
August 26, 2026
SIDBI organizes a conclave of the Heads of Regional Rural Banks (RRBs) on expanding SIDBI-RRB MSME Co-Lending arrangement
Show AI Summary
MSME co-lending supports digital paperless credit delivery through rural banks for underserved rural and semi-urban enterprises.
SIDBI-RRB MSME co-lending arrangement is proposed for expansion to increase credit access for micro, small and medium enterprises in rural and semi-urban areas. The arrangement combines SIDBI's understanding of MSME credit requirements with Regional Rural Banks' local reach. SIDBI's Co-Lending Origination Platform provides an end-to-end digital credit process intended to enable faster, paperless loan processing, in-principle sanction communication, documentation and direct account disbursement without branch visits.
August 26, 2026
SC sets aside show cause notice to Tata Steel over input tax credit availed during FY19-23
Show AI Summary
Input tax credit mismatch alone cannot support fraud-based GST demand without an assessing officer's recorded satisfaction of fraud or suppression.
Section 74 GST demand proceedings require the assessing officer's independent satisfaction of fraud, wilful misstatement or suppression of facts. An input tax credit mismatch or alleged short payment alone cannot establish these conditions. Unsupported assertions of suppression for invoking extended limitation are insufficient, and audit objections cannot replace the assessing officer's satisfaction. A show cause-cum-demand notice lacking factual allegations of a deliberate device to evade tax or avail excess input tax credit is vulnerable.
August 26, 2026
HC flags fraudulent use of Aadhaar by infiltrators to get Indian citizenship; calls for action
Show AI Summary
Fraudulent Aadhaar procurement exposes identity-verification gaps and prompts disclosure, expedited investigation, deportation, and statutory review measures.
Fraudulent procurement of Aadhaar and other identity documents by foreign nationals who infiltrate borders may undermine identity verification, immigration control and national security. Coordinated action is required to trace and deport such persons, prevent re-entry, strengthen document verification, and complete investigations without delay. Amendments to the Aadhaar Act are to be considered to assist investigating agencies, while a dedicated procedure is required to address border infiltration and human trafficking. Aadhaar enrolment records are to be supplied to police, followed by timely deportation proceedings.
August 26, 2026
IVCA Welcomes Consultative Approach on Draft FEMA NDI Rules
Show AI Summary
Foreign investment liberalisation proposals receive industry support, subject to preserving AIF treatment, grandfathering, and prospective application.
Proposed foreign-investment liberalisation, including treatment of stakes below 10 per cent and a greater role for market forces in valuation, is welcomed. Preservation of the existing treatment of Alternative Investment Funds under the IOCC framework is emphasised, together with grandfathering of transactions and funds undertaken under the current regulatory position. Newly introduced requirements should operate prospectively to support a simpler, predictable and investment-friendly foreign-investment framework.
August 26, 2026
India to be among top 5 Nestle markets in coming years, a major export hub : Global CEO
Show AI Summary
India market expansion guides Nestle 's volume-led growth, export-hub development and long-term investment without compromising product quality.
Nestle 's India strategy focuses on volume-led growth, wider consumer reach, portfolio development, efficiency improvements and sustained long-term investment. Growth is intended to combine increased household penetration with pricing, premiumisation, affordability and value offerings. India is also intended to develop further as a production and export hub for global markets, supported by manufacturing capacity and expanding overseas supplies. Product quality and consumer interests remain constraints on the pace of expansion.
August 26, 2026
Build Credit Awareness with a Free Credit Score Check from Bajaj Finance
Show AI Summary
Credit awareness through regular score and report review supports responsible borrowing, error detection, and informed credit management.
Free online access to the Credit Pulse Report is available through the Bajaj Finance website. Users verify their registered mobile number through OTP authentication, provide identifying particulars including PAN and date of birth, and then view the available credit score. The report may be reviewed and downloaded to examine repayment history, active credit accounts, recent enquiries and other recorded credit information. Periodic review can help identify unfamiliar accounts, inaccurate repayment records, overdue amounts, unupdated information and changes in credit utilisation.
August 26, 2026
CARD91 Introduces Five-Point Credit Lifecycle Consistency Framework for Credit Line on UPI
Show AI Summary
Credit lifecycle consistency requires facility-specific treatment so UPI-linked credit records, repayments and customer obligations remain aligned.
CARD91's Credit Lifecycle Consistency Framework calls for facility-specific treatment of Credit Line on UPI transactions and continuing credit events. Credit limits, outstanding balances, repayments, refunds, reversals and EMI conversions should be accurately connected to the relevant customer account and applied according to the underlying facility's terms. Bank policy, customer consent, transaction controls and portfolio actions should remain aligned. Customer-facing applications, statements and alerts should consistently reflect available credit, outstanding obligations and repayment schedules, while disputes and manual corrections follow documented, reviewable processes.
August 26, 2026
RBI's Proposed Shift from Revolving Credit to Term Loans: SwiffyLabs Lending Platform Already Supports the New Construct
Show AI Summary
Non-revolving credit lines require term-loan structures supporting multiple drawdowns without replenishing sanctioned limits for NBFC lending products.
Proposed restrictions on revolving credit facilities for most NBFCs would generally require credit products to operate as term loans, rather than facilities in which principal repayment automatically restores the available borrowing limit. Compliance may require technology capable of managing multiple drawdowns within an approved sanction, separate repayment schedules, amortisation and servicing workflows, while preventing repaid principal from replenishing the sanctioned limit.
August 26, 2026
The US and Canada could pull back from an all-out trade war. It's not clear that they will
Show AI Summary
Reciprocal trade tariffs intensify as negotiations confront market access, cultural protections, industrial safeguards, and sovereignty concerns.
US-Canada tariff escalation involves reciprocal import duties following failed negotiations over market access and trade in dairy, alcoholic beverages, automobiles, steel, aluminium and softwood lumber. United States tariff action relies on a rarely used trade-law power permitting duties against countries considered to discriminate against American businesses, without a prior investigation or stated time limit. Negotiations also raised concerns about protection of major industries, cultural protections and Canada's freedom to conclude trade agreements with other countries.
August 26, 2026
Indian Community in Japan Playing Key Role in Strengthening India-Japan Ties: Commerce and Industry Minister Shri Piyush Goyal
Show AI Summary
Diaspora engagement supports skilled mobility, investment links, remittances, and citizen welfare while encouraging compliance with local laws.
Indian diaspora engagement in Japan supports bilateral goodwill, business links, investment opportunities and people-to-people ties. Skilled Indian professionals are encouraged to understand local requirements, learn Japanese language and culture, and pursue opportunities in healthcare, trades, engineering, artificial intelligence, accountancy and maritime work. Diaspora members are also encouraged to maintain connections with India, contribute through digital education and knowledge-sharing, and comply with local laws and regulations. Remittances and government support for citizens' welfare, safety and crisis assistance abroad are recognised as important aspects of diaspora engagement.
August 26, 2026
Union Minister of Commerce and Industry Shri Piyush Goyal Chairs India-Japan Industry Roundtable on Semiconductors and Artificial Intelligence in Tokyo
Show AI Summary
Semiconductor and AI cooperation advances through industry engagement, investment facilitation, and accelerated economic partnership review.
India-Japan cooperation in semiconductors and artificial intelligence is being strengthened through industry engagement, investment facilitation, technology partnerships and an economic-security-oriented framework. India's semiconductor strategy covers chip design, machinery and materials, fabrication, ATMP/OSAT, research, and talent development, supported by Semicon India initiatives. Bilateral engagement also seeks to address industry concerns, expand manufacturing and innovation partnerships, and accelerate review of the Comprehensive Economic Partnership Agreement to reflect emerging economic opportunities.
August 26, 2026
National Traders’ Welfare Board Holds 100th VC Meeting to Strengthen Engagement with Traders Across the Country
Show AI Summary
Virtual trader engagement platform strengthens weekly grievance feedback, policy information sharing, and institutional dialogue between government and trading communities.
The Virtual Conference Interaction Meetings provide a weekly, accessible forum for retail traders to engage with the Government, receive information on relevant schemes, policies and reforms, and submit grievances and suggestions. The platform enables recurring concerns to be identified and communicated to concerned Ministries and Departments for consideration and redressal. It seeks to strengthen institutionalised dialogue, feedback, transparency, trust and cooperation between the Government and the trader community.
August 26, 2026
CCI approves acquisition of 100% share capital of Tao Digital Solutions by Cyient Ltd
Show AI Summary
Competition clearance for full acquisition permits Cyient to acquire Tao Digital Solutions, a global digital transformation and technology services provider.
Competition Commission of India approved Cyient Limited's acquisition of 100% of Tao Digital Solutions Inc.'s share capital from its existing shareholders. The full share capital acquisition transfers complete ownership of Tao Digital Solutions to Cyient. Tao Digital Solutions provides global digital transformation and technology services, including product engineering, managed services, cybersecurity, payments, digitization and AI, cloud services, and data services, and operates in India through its wholly owned subsidiary, Tao Digital India Private Limited.
August 26, 2026
CCI approves acquisition of 100% stake in Kestrel Coal Group Pty Ltd. by Yancoal Australia from certain sellers
Show AI Summary
Competition clearance for full coal-sector acquisition addresses limited Indian market links through metallurgical and thermal coal sales.
Competition approval covers Yancoal Australia Limited's acquisition of 100% equity interest and warrants in Kestrel Coal Group Pty Ltd. The target holds an 80% interest in the Kestrel Joint Venture, which operates a Queensland coal mine producing principally metallurgical coal and a smaller volume of thermal coal. Neither the acquirer nor the target has a physical presence in India. Their Indian nexus is limited to coal exports and the joint venture's sales of metallurgical coal into India.
August 25, 2026
HC bench releases Skoda Volkswagen USD 1.4 billion tax case sans verdict; matter to be heard afresh
Show AI Summary
Customs classification of unassembled vehicle imports requires fresh hearing after reserved tax challenge was released without verdict.
The dispute concerns customs classification of imported unassembled vehicle parts. Customs authorities allege that parts imported in separate shipments should have been declared as completely knocked down (CKD) units, attracting the higher duty applicable to CKD imports, rather than as individual components subject to lower duty. The manufacturer contests the resulting customs demand. Proceedings have been released for fresh hearing before the regular indirect-tax writ bench, with status quo maintained for four weeks.
August 25, 2026
Canada strikes back at US with retaliatory tariffs as trade war escalates
Show AI Summary
Retaliatory tariffs on imported goods escalate trade measures, targeting key sectors while maintaining support for affected domestic businesses.
Canada has imposed retaliatory tariffs on United States-origin industrial and consumer goods following increased United States tariffs on Canadian goods. Effective 8 September, the measures apply at rates of 15%, 25% and 50% across more than 700 products, including steel, aluminium, appliances, dairy products, seafood, furniture, clothing, pulp and paper, and electronics. Existing countertariffs on automobiles remain in force. The measures seek to protect domestic businesses and reduce imports, supported by assistance for affected workers and businesses amid risks to integrated cross-border supply chains.
August 25, 2026
Rupee rises 26 paise to close at 95.44 against US dollar
Show AI Summary
Foreign-exchange market intervention and lower crude prices supported rupee appreciation, while USD/INR remained range-bound amid shifting dollar conditions.
Foreign-exchange market conditions supported rupee appreciation against the US dollar, driven by stronger domestic equity markets, a weaker US dollar and lower crude oil prices. The USD/INR pair remained broadly range-bound, with oil-price movements and Reserve Bank intervention identified as key near-term influences. The special USD-INR foreign-exchange swap facility for FCNR(B) deposits, overseas foreign-currency borrowings and external commercial borrowings mobilised substantial foreign-exchange inflows.
August 25, 2026
Economy shows resilience to global headwinds with buoyant domestic demand: RBI bulletin
Show AI Summary
Section 301 tariffs may have lower impact where major exports remain outside their scope amid resilient domestic demand.
Economic resilience is attributed to buoyant domestic demand, increased manufacturing and services activity, improving liquidity conditions, credit growth, investment activity and rebounding foreign capital inflows. Recovery in the southwest monsoon improved kharif sowing and reservoir storage, partly mitigating agricultural-sector risks. US Section 301 tariffs are expected to have a comparatively lower effect because major Indian exports to the United States, including smartphones, petroleum products and pharmaceuticals, remain outside their scope. Foreign direct investment improved with higher gross inflows, while outward foreign direct investment continued to decline.
August 25, 2026
Goyal promises BIS certification relief for high-tech sector firms
Show AI Summary
BIS certification exemptions may be structured for high-tech manufacturers to ensure timely equipment imports and support domestic manufacturing operations.
Mandatory Bureau of Indian Standards (BIS) certification requirements for equipment and components used by high-technology manufacturers may be addressed through a proposed exemption framework. Possible exemptions may be structured at the company, industry, product, project or bulk level to support timely availability of imported equipment, goods and services for manufacturing operations. The approach is directed at high-technology industries generally, particularly semiconductor and artificial intelligence sectors, while addressing delays associated with mandatory certification and complex procedures for specialised imported parts and equipment.

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Income Tax

PRESS COMMUNIQUE - The President of India, as advised by the Prime Minister, has directed the allocation of portfolios among the members of the Union Council of Ministers

May 31, 2019

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The President of India, as advised by the Prime Minister, has directed the allocation of portfolios among the following members of the Union Council of Ministers

Shri Narendra Modi

Prime Minister and also in-charge of :

Ministry of Personnel, Public Grievances and Pensions;

Department of Atomic Energy;

Department of Space; and

All important policy issues; and

All other portfolios not allocated to any Minister.

 

Cabinet Ministers

1.

Shri Raj Nath Singh

Minister of Defence.

2.

Shri Amit Shah

Minister of Home Affairs.

3.

Shri Nitin Jairam Gadkari

Minister of Road Transport and Highways; and

Minister of Micro, Small and Medium Enterprises.

4.

Shri D.V. Sadananda Gowda

Minister of Chemicals and Fertilizers.

5.

Smt. Nirmala Sitharaman

Minister of Finance; and

Minister of Corporate Affairs.

6.

Shri Ramvilas Paswan

Minister of Consumer Affairs, Food and Public Distribution.

7.

Shri Narendra Singh Tomar

Minister of Agriculture and Farmers Welfare;

Minister of Rural Development; and

Minister of Panchayati Raj.

8.

Shri Ravi Shankar Prasad

Minister of Law and Justice;

Minister of Communications; and

Minister of Electronics and Information Technology.

9.

Smt. Harsimrat Kaur Badal

Minister of Food Processing Industries.

10.

Shri Thaawar Chand Gehlot

Minister of Social Justice and Empowerment.

11.

Dr. Subrahmanyam Jaishankar

Minister of External Affairs.

12.

Shri Ramesh Pokhriyal ‘Nishank’

Minister of Human Resource Development.

13.

Shri Arjun Munda

Minister of Tribal Affairs.

14.

Smt. Smriti Zubin Irani

Minister of Women and Child Development; and Minister of Textiles.

 

15.

Dr. Harsh Vardhan

Minister of Health and Family Welfare;

Minister of Science and Technology; and

Minister of Earth Sciences.

16.

Shri Prakash Javadekar

Minister of Environment, Forest and Climate Change; and

Minister of Information and Broadcasting.

17.

Shri Piyush Goyal

Minister of Railways; and

Minister of Commerce and Industry.

18.

Shri Dharmendra Pradhan

Minister of Petroleum and Natural Gas; and

Minister of Steel.

19.

Shri Mukhtar Abbas Naqvi

Minister of Minority Affairs.

20.

Shri Pralhad Joshi

Minister of

Parliamentary Affairs;

Minister of Coal; and

Minister of Mines.

21.

Dr. Mahendra Nath Pandey

Minister of Skill Development and Entrepreneurship.

22.

Shri Arvind Ganpat Sawant

Minister of Heavy Industries and Public Enterprise.

23.

Shri Giriraj Singh

Minister of Animal Husbandry, Dairying and Fisheries.

24.

Shri Gajendra Singh Shekhawat

Minister of Jal Shakti.

Ministers of State (Independent Charge)

1.

Shri Santosh Kumar Gangwar

Minister of State (Independent Charge) of the Ministry of Labour and Employment.

2.

Rao Inderjit Singh

Minister of State (Independent Charge) of the Ministry of Statistics and Programme Implementation; and

Minister of State (Independent Charge) of the Ministry of Planning.

3.

Shri Shripad Yesso Naik

Minister of State (Independent Charge) of the Ministry of Ayurveda, Yoga and Naturopathy, Unani, Siddha and Homoeopathy (AYUSH); and

Minister of State in the Ministry of Defence.

4.

Dr. Jitendra Singh

Minister of State (Independent Charge) of the Ministry of Development of North Eastern Region;

Minister of State in the Prime Minister’s Office;

Minister of State in the Ministry of Personnel, Public Grievances and Pensions;

Minister of State in the Department of Atomic Energy; and

Minister of State in the Department of Space.

5.

Shri Kiren Rijiju

Minister of State (Independent Charge) of the Ministry of Youth Affairs and Sports; and

Minister of State in the Ministry of Minority Affairs.

6.

Shri Prahalad Singh Patel

Minister of State (Independent Charge) of the Ministry of Culture; and

Minister of State (Independent Charge) of the Ministry of Tourism.

7.

Shri Raj Kumar Singh

Minister of State (Independent Charge) of the Ministry of Power;

Minister of State (Independent Charge) of the Ministry of New and Renewable Energy; and

Minister of State in the Ministry of Skill Development and Entrepreneurship.

8.

Shri Hardeep Singh Puri

Minister of State (Independent Charge) of the Ministry of Housing and Urban Affairs;

Minister of State (Independent Charge) of the Ministry of Civil Aviation; and

Minister of State in the Ministry of Commerce and Industry.

9.

Shri Mansukh L. Mandaviya

Minister of State (Independent Charge) of the Ministry of Shipping; and

Minister of State in the Ministry of Chemicals and Fertilizers.

 

Ministers of State

1.

Shri Faggansingh Kulaste

Minister of State in the Ministry of Steel.

2.

Shri Ashwini Kumar Choubey

Minister of State in the Ministry of Health and Family Welfare.

3.

Shri Arjun Ram Meghwal

Minister of State in the Ministry of Parliamentary Affairs; and

Minister of State in the Ministry of Heavy Industries and Public Enterprises.

4.

General (Retd.) V. K. Singh

Minister of State in the Ministry of Road Transport and Highways.

5.

Shri Krishan Pal

Minister of State in the Ministry of Social Justice and Empowerment.

6.

Shri Danve Raosaheb Dadarao

Minister of State in the Ministry of Consumer Affairs, Food and Public Distribution.

7.

Shri G. Kishan Reddy

Minister of State in the Ministry of Home Affairs.

8.

Shri Parshottam Rupala

Minister of State in the Ministry of Agriculture and Farmers Welfare.

9.

Shri Ramdas Athawale

Minister of State in the Ministry of Social Justice and Empowerment.

10.

Sadhvi Niranjan Jyoti

Minister of State in the Ministry of Rural Development.

11.

Shri Babul Supriyo

Minister of State in the Ministry of Environment, Forest and Climate Change.

12.

Shri Sanjeev Kumar Balyan

Minister of State in the Ministry of Animal Husbandry, Dairying and Fisheries.

13.

Shri Dhotre Sanjay Shamrao

Minister of State in the Ministry of Human Resource Development;

Minister of State in the Ministry of Communications; and

Minister of State in the Ministry of Electronics and Information Technology.

14.

Shri Anurag Singh Thakur

Minister of State in the Ministry of Finance; and

Minister of State in the Ministry of Corporate Affairs.

15.

Shri Angadi Suresh Channabasappa

Minister of State in the Ministry of Railways.

16.

Shri Nityanand Rai

Minister of State in the Ministry of Home Affairs.

17.

Shri Rattan Lal Kataria

Minister of State in the Ministry of Jal Shakti; and Minister of State in the Ministry of Social Justice and Empowerment.

18.

Shri V. Muraleedharan

Minister of State in the Ministry of External Affairs; and Minister of State in the Ministry of Parliamentary Affairs.

19.

Smt. Renuka Singh Saruta

Minister of State in the Ministry of Tribal Affairs.

20.

Shri Som Parkash

Minister of State in the Ministry of Commerce and Industry.

21.

Shri Rameswar Teli

Minister of State in the Ministry of Food Processing Industries.

22.

Shri Pratap Chandra Sarangi

Minister of State in the Ministry of Micro, Small and Medium Enterprises; and Minister of State in the Ministry of Animal Husbandry, Dairying and Fisheries.

23.

Shri Kailash Choudhary

Minister of State in the Ministry of Agriculture and Farmers Welfare.

24.

Sushri Debasree Chaudhuri

Minister of State in the Ministry of Women and Child Development.

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