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    August 24, 2026
    HSBC INDIA OPENS NEW BRANCH IN NASHIK TO SUPPORT WEALTH EXPANSION
    August 24, 2026
    Commerce and Industry Minister Shri Piyush Goyal Leads A 200-Member Business Delegation to Japan.
    August 24, 2026
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    August 23, 2026
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August 24, 2026
HSBC INDIA OPENS NEW BRANCH IN NASHIK TO SUPPORT WEALTH EXPANSION
Show AI Summary
Branch expansion for wealth and cross-border banking services targets emerging commercial centres and affluent customer segments across India.
HSBC India's branch expansion is directed at extending wealth, international banking, and corporate banking services to affluent, high-net-worth, ultra-high-net-worth, and non-resident Indian customers in emerging commercial centres. The Nashik opening forms part of a broader branch-expansion programme undertaken after Reserve Bank of India approval to establish additional branches in key cities. The programme is intended to expand delivery of banking and financial services, including support for cross-border wealth management, overseas investment by Indian companies, and foreign investment into India.
August 24, 2026
Commerce and Industry Minister Shri Piyush Goyal Leads A 200-Member Business Delegation to Japan.
Show AI Summary
Bilateral trade and investment cooperation advances through business engagement in high-technology manufacturing, clean energy, innovation and industrial collaboration.
India's commerce and industry engagement with Japan is structured around a business delegation visit to deepen bilateral trade, investment, technology and industrial collaboration. Sector-focused discussions cover semiconductors, artificial intelligence, start-ups, automotive manufacturing, steel, electronics, industrial and consumer markets. Business roadshows and investor interactions are directed at presenting opportunities in India's manufacturing, clean-energy and consumer sectors, while advancing cooperation in high-technology manufacturing and next-generation industries.
August 24, 2026
CBN busts inter-state heroin syndicate in ‘Op Black Hawk’; seizes over 18.6 kg crude heroin - Three members of inter-state trafficking network arrested.
Show AI Summary
Inter-state heroin trafficking enforcement uncovered concealed narcotics in transport vehicles, triggering arrests, confiscation, and continuing supply-chain investigations.
Operation Black Hawk targeted an alleged inter-state heroin trafficking network moving crude heroin from the North-East region towards Uttar Pradesh. Intelligence-led vehicle tracking and highway interceptions resulted in the seizure of over 18.6 kg of crude heroin and the arrest of three suspected network members under the Narcotic Drugs and Psychotropic Substances Act, 1985. The narcotics were detected in specially fabricated concealed compartments within a passenger vehicle fuel tank and a heavy commercial vehicle body frame. Both vehicles and the contraband were confiscated, while financial and logistical investigations continue into suppliers and distribution channels.
August 24, 2026
Bank unions threaten nationwide strike on Sep 11 to press for 5-day banking, other demands
Show AI Summary
Five-day banking and uniform performance incentives drive proposed bank union action over unresolved pension and employment demands.
Banking labour relations are affected by proposed nationwide industrial action over five-day banking, performance-linked incentives, and pension-related demands. Five-day banking remains pending despite a bipartite arrangement for extended weekday hours. Unions dispute an incentive scheme that differentiates awards by seniority and individual performance, contending that it departs from bank-level performance linkage and uniformity across cadres. They also allege that implementation during pending conciliation breaches a status quo obligation, while pension revision, uniform dearness allowance, and a pension-scheme switch option remain unresolved.
August 24, 2026
Goyal says India negotiating FTAs with 8-9 more blocs, aims to cover 75 pc of global trade
Show AI Summary
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
Rupee rises 7 paise to 95.64 against US dollar in early trade
Show AI Summary
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
Woman passenger from Sharjah held with undeclared gold chain at Ahmedabad airport
Show AI Summary
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
Delhi: Retired railway employee put under 'digital arrest', duped of Rs 30 lakh; one held
Show AI Summary
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
CPI(M) accuses ED of ‘politically targeting’ Pinarayi Vijayan in CMRL case
Show AI Summary
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
ED arrests ex-Andhra minister K Nageswara Rao in liquor transport 'scam'
Show AI Summary
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
Orris Infrastructure MD Amit Gupta arrested in cheating case
Show AI Summary
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
In a knot: Surat weaving units take voluntary two-day holiday as yarn prices shoot up
Show AI Summary
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
Canada will impose retaliatory tariffs on US goods beginning Sept 8 as trade negotiations collapse
Show AI Summary
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
Trade war between Canada, US deepens rupture in what had been close and durable alliance
Show AI Summary
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
Canada will impose retaliatory tariffs on US good beginning Sept 8
Show AI Summary
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
J-K parties oppose hike in power tarrif
Show AI Summary
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
IAS officer Gangwar not ‘missing’, away in UP over father’s health: Karnataka minister
Show AI Summary
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
J-K Dy CM terms ED case against his brother 'selective targeting'
Show AI Summary
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
T'gana HC CJ calls for timely, expert dispute resolution in telecom, broadcasting, airport sectors
Show AI Summary
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
Latur CA booked for issuing certificates to facilitate remittance of hundreds of crores abroad
Show AI Summary
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.

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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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