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    August 23, 2026
    ED arrests ex-Andhra minister K Nageswara Rao in liquor transport 'scam'
    August 23, 2026
    Orris Infrastructure MD Amit Gupta arrested in cheating case
    August 23, 2026
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    August 22, 2026
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    August 22, 2026
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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.
August 22, 2026
Stock Market for Beginners: How to Start Investing Without Feeling Overwhelmed
Show AI Summary
Beginner stock market investing requires regulated accounts, risk-aware financial planning, diversification and informed company assessment before purchasing securities.
Beginner stock market investing requires a bank account, a trading or broking account with a SEBI-registered broker, and a Demat account for electronic holding of securities. Investments involve risk of loss and should align with financial goals, time horizon and loss-bearing capacity. Investors should understand primary and secondary markets, distinguish long-term investing from short-term trading, assess companies before purchase, diversify holdings, consider charges, maintain records and avoid borrowed-money investing, rumours and momentum-driven decisions.
August 22, 2026
CGST Zone detects clandestine pan masala, tobacco unit, detects tax evasion of Rs 160 cr
Show AI Summary
Capacity-based tobacco taxation targets undeclared packing machinery used for clandestine production and clearance without indirect tax payment.
Clandestine manufacture and clearance of pan masala, scented jarda and tobacco products without registration or payment of GST, HSNS Cess and central excise duty was detected through an intelligence-led search. Undeclared Form-Fill-Seal packing machines, workers, finished goods, raw materials, transport vehicles, packing materials and records indicated unaccounted production and clearance. Capacity-based monthly HSNS Cess for pan masala is computed according to the number, type and capacity of installed packing machines, while a corresponding capacity-based central excise levy applies to chewing tobacco, jarda and gutkha.
August 22, 2026
Korea Industry Expo (KoINDEX) 2026 Opens at Yashobhoomi on 27 August
Show AI Summary
Trade exhibition connects Korean exporters with Indian buyers through sector-specific consultations and certification guidance for market entry.
KoINDEX 2026 is a business-to-business trade exhibition bringing Korean manufacturers and exporters together with buyers in India and South Asia. It focuses on beauty and personal-care products, processed and functional foods, and construction, building and safety products. Commercial engagement includes pre-matched export consultations with project owners, contractors, distributors, wholesalers, e-commerce platforms and food distribution businesses. A seminar addresses Bureau of Indian Standards certification and market-entry requirements for Korean products entering the Indian market.
August 22, 2026
Protection in predicate offence doesn't automatically extend to PMLA case: Delhi HC
Show AI Summary
Independent PMLA proceedings require separate anticipatory bail assessment; predicate-offence protection alone cannot establish pre-arrest protection.
Protection in a predicate-offence FIR does not automatically extend to independent PMLA proceedings. Anticipatory bail in a money-laundering investigation must be assessed under the applicable PMLA condition and on the material connecting the applicant to alleged proceeds of crime. Relevant considerations include the financial trail, recorded statements, bank-account analysis, compliance with summonses, cooperation with inquiry, and the need for personal participation in evidence collection and confrontation with documentary and digital material.
August 22, 2026
DFS Concludes Two-Day Workshop on Enhancing Accessibility of Financial Services for Divyangjans
Show AI Summary
Financial accessibility for Divyangjans requires compliance standards, practical implementation measures and stronger institutional capacity across financial services.
Accessibility of financial services for Divyangjans was examined through a workshop focused on public sector banks, insurance companies, regulators and public financial institutions. Discussions covered accessibility standards, compliance requirements, legal provisions, practical implementation challenges and institutional best practices under the Sugamya Bharat initiative. Participants considered operational measures to strengthen institutional capacity, inclusivity and equitable access to financial services.
August 22, 2026
National Financial Reporting Authority (NFRA) conducts sixth outreach programmes with focus on small and medium auditors under the theme “Creating a Better Financial Reporting Ecosystem” in Ahmedabad
Show AI Summary
Audit quality enhancement for small and medium auditors emphasises technology, global standards, inspection insights and stronger financial reporting.
Audit quality and financial reporting reliability were the focus of NFRA's outreach programme for small and medium audit firms. The programme promoted professional capacity-building, alignment with contemporary global standards, adoption of appropriate audit technology, and the public-interest role of the accountancy profession. Technical sessions covered audit strategy documentation, risks of material misstatement, and practical lessons from audit-firm oversight to support improved day-to-day audit practice and high-quality financial reporting.
August 22, 2026
CCI imposes monetary and non-monetary sanctions on Agro Input Dealers Association, Agro Input Welfare Association for indulging in anti-competitive conduct
Show AI Summary
Cartelisation by agro-input dealer associations attracted monetary sanctions, cease-and-desist directions, and mandatory competition-compliance training for responsible officials.
Cartelisation by the two agro-input dealer associations and named individuals contravened Section 3(3)(b) read with Section 3(1) of the Competition Act, 2002. Monetary sanctions were imposed, and association office-bearers were held liable under Section 48. The parties and liable officials were directed to cease and desist from future anti-competitive conduct and to organise competition-compliance training to promote awareness and compliance within the associations.
August 22, 2026
India-Finland cooperation takes centre stage at circular economy forum
Show AI Summary
Circular economy partnerships promote resilient value chains, resource efficiency and sustainable growth alongside evolving India-EU trade integration.
India-Finland circular economy cooperation is being developed through business, technology, investment and commercial partnerships supporting resource-efficient and sustainable growth. Discussions focused on competitive and resilient value chains based on circularity, traceability, resource efficiency and sustainable business practices. Circular economy principles extend beyond waste management into product design, value chains, resource use, skills development and new business models. The India-EU free trade agreement remains subject to legal review and formal ratification and is not yet in force.
August 22, 2026
CCI imposes penalty on Rekha Agencies and SS Marketing for indulging in anti-competitive conduct in respect of Himachal Pradesh Tender 2013 for the procurement of tyres
Show AI Summary
Bid rigging through pre-bid exchange of sensitive price information attracted penalties and cease-and-desist directions in tyre procurement.
Bid rigging in tyre procurement was established where Rekha Agencies and SS Marketing exchanged commercially sensitive price-bid information before submitting bids for the Himachal Pradesh Tender 2013. The concerted conduct contravened the prohibition on anti-competitive agreements and bid rigging. Monetary penalties and cease-and-desist directions were imposed on both enterprises. An official of Rekha Agencies was also penalised for liability arising from the contravention, while proceedings against the official of SS Marketing stood abated following his death.

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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.

Topics

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