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    August 29, 2026
    After HC rap, FDA withdraws licence cancellation and suspension orders against Cipla, MCA eateries
    August 29, 2026
    HC slams FDA for ‘pedantic’ view, clears reopening of 5 eateries at MCA premises
    August 29, 2026
    Commerce Secretary Shri Rajesh Agrawal Leads 4th India–Argentina JTC Meeting; Both Sides Reaffirm Commitment to Deepen Strategic and Economic Partne...
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    MCA convenes ‘Tech for Professionals’ Workshop on Building India’s Digital Infrastructure for Professional Services
    August 29, 2026
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    August 29, 2026
    Sebi bars Trafiksol ITS, its promoters from securities market for 1 year; slaps Rs 1.05 cr fine
    August 29, 2026
    Sebi bars Debock Industries, its MD Mukesh Singh for 7 years; slaps penalty
    August 28, 2026
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    August 28, 2026
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    August 28, 2026
    PM Jan Dhan Yojana has had unparalleled impact, transformative outcomes: PM Modi
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    August 28, 2026
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August 29, 2026
After HC rap, FDA withdraws licence cancellation and suspension orders against Cipla, MCA eateries
Show AI Summary
Natural justice in licensing enforcement requires meaningful hearing and reasoned orders before cancellation or suspension of regulated operations.
Natural justice in regulatory licensing enforcement requires a meaningful hearing, proper legal analysis, and a reasoned decision before licence cancellation or suspension. Maharashtra FDA withdrew cancellation of drug-sale licences after criticism of the procedure adopted. Food-safety enforcement against restaurants was also reconsidered where the premises were substantially compliant, despite licences being issued to one entity and operations being conducted by another. A fresh notice, hearing on the contractual arrangement, and reasoned order were required before further licensing action.
August 29, 2026
HC slams FDA for ‘pedantic’ view, clears reopening of 5 eateries at MCA premises
Show AI Summary
Food-safety licensing compliance supports reopening while contractual operation requires notice, hearing, and a reasoned regulatory decision.
Food-safety licence suspension of five eateries was reconsidered after a fresh inspection recorded 88 per cent compliance. The suspension had continued because a third-party operator ran the eateries while licences remained in the association's name, despite no identified legal prohibition. The Food and Drug Administration proposed a fresh notice, hearing, and reasoned order on the contractual arrangement, while current compliance permitted services to resume.
August 29, 2026
Commerce Secretary Shri Rajesh Agrawal Leads 4th India–Argentina JTC Meeting; Both Sides Reaffirm Commitment to Deepen Strategic and Economic Partnership
Show AI Summary
Market access and regulatory cooperation advance agricultural, pharmaceutical, digital, and trade integration priorities across the bilateral economic partnership.
India-Argentina cooperation focused on expanding bilateral trade, reducing non-tariff barriers, facilitating investment, and strengthening market access. Sanitary and phytosanitary discussions progressed for Indian agricultural products, while pharmaceutical engagement covered regulatory upgrading and reduced entry barriers. Mining and lithium-sector engagement, digital services, space technology, telecommunications, artificial intelligence and digital infrastructure were identified as priority areas. The India-MERCOSUR Preferential Trade Agreement, Terms of Reference and digital certificates of origin were considered mechanisms for trade facilitation and economic integration. Business discussions addressed commercial partnerships across agriculture, minerals, energy, pharmaceuticals, healthcare, banking and telecommunications.
August 29, 2026
MCA convenes ‘Tech for Professionals’ Workshop on Building India’s Digital Infrastructure for Professional Services
Show AI Summary
Shared digital infrastructure for professional services aims to expand technology access, interoperability, capability development and secure adoption across firms.
MCA and IICA are developing a government-backed digital public good ecosystem for domestic professional services, particularly small and medium practices. The framework proposes curated technology access, learning and capability development, and knowledge and practice infrastructure. It is intended to improve access to technology and professional knowledge while complementing existing institutional and market-based systems. Consultations address interoperability, common standards, cybersecurity, affordable access, implementation, change management, openness, competition and technology adoption suited to differing levels of digital readiness.
August 29, 2026
DRI seizes 76 kg methamphetamine tablets in two operations along North-Eastern frontier
Show AI Summary
Methamphetamine trafficking enforcement targets concealed cross-border transport, with seizures, vehicle confiscation, arrests and stringent penalties under narcotics law.
Methamphetamine trafficking enforcement under the Narcotic Drugs and Psychotropic Substances Act, 1985 involved intelligence-led seizures of tablets in Assam and Mizoram, along with the vehicles allegedly used for transportation and arrests of two vehicle occupants. Field testing indicated the presence of amphetamine. The tablets were concealed in fabricated cavities within a truck and car, with preliminary investigation indicating alleged cross-border smuggling into Mizoram. Methamphetamine is a notified psychotropic substance, and illicit manufacture, possession, transportation and trafficking attract stringent penal consequences.
August 29, 2026
Sebi bars Trafiksol ITS, its promoters from securities market for 1 year; slaps Rs 1.05 cr fine
Show AI Summary
IPO disclosure integrity triggers one-year market access bar for issuer and promoter-directors over fabricated quotation and misleading financial disclosures.
SEBI restrained Trafiksol ITS Technologies Ltd. and its promoter-directors from accessing or dealing in the securities market for one year and imposed monetary penalties over irregularities in its SME IPO. The action concerned overstated financial disclosures, inadequate disclosure of issue expenditure and a potential merchant-banker conflict, and proposed use of IPO proceeds based on a fabricated software-vendor quotation. The listing was deferred and IPO proceeds were placed in an interest-bearing escrow account. One promoter was directly involved in procuring the quotation, while the other failed to exercise due diligence.
August 29, 2026
Sebi bars Debock Industries, its MD Mukesh Singh for 7 years; slaps penalty
Show AI Summary
Securities market fraud involving fictitious transactions triggered market bans, disgorgement, fund restoration, and governance restrictions.
SEBI imposed securities-market restrictions, disgorgement directions and monetary penalties in relation to alleged accounting fraud involving fictitious sales, purchases, circular transactions and fraudulent ledger entries. The alleged inflation of financial results facilitated migration to the NSE main board and was followed by fraudulent preferential allotments, a bonus issue and a rights issue. Rights issue proceeds were found to have been diverted, requiring restoration with applicable interest. The company and its managing director received seven-year market prohibitions, with additional governance restrictions applying to the managing director.
August 28, 2026
CPI(M) hits out at NCLT over Subhash Chandra's Rs 6.5-Cr repayment plan against Rs 22,006-Cr claims
Show AI Summary
Insolvency debt settlements: political criticism alleges severe creditor haircuts favour influential corporate borrowers over ordinary debtors.
CPI(M) criticised approval of a repayment plan involving Zee Group founder Subhash Chandra, asserting that repayment of Rs 6.5 crore against creditor claims of Rs 22,006.57 crore undermines fairness in insolvency debt settlement. It alleged severe creditor haircuts and bias favouring influential corporate borrowers. The party linked the settlement to an alleged pattern of large borrowers resolving liabilities at steep discounts, shifting the burden to taxpayers and small depositors while smaller borrowers face coercive recovery measures.
August 28, 2026
Good corporate governance central to India's development: Jitendra Singh
Show AI Summary
Corporate governance requires company secretaries to promote ethical practices, transparency, responsibility and institutional accountability across economic ecosystems.
Good corporate governance is central to development and depends on responsible governance, ethical practices, transparency, institutional accountability and professional excellence. Company Secretaries have an expanding role in strengthening governance practices through professional expertise. Professional institutions should promote governance standards, support institutional excellence, and evolve their practices in response to changing requirements. Their wider contribution lies in fostering a culture of ethical entrepreneurship, responsibility, transparency and sound governance.
August 28, 2026
DHFL case: ED freezes bank deposits worth Rs 51.75 crore
Show AI Summary
Proceeds-of-crime tracing prompts freezing of deposits linked to structured disposal of foreign property in a bank-loan fraud investigation.
Money-laundering investigation into alleged bank-loan fraud involving DHFL has resulted in the freezing of bank deposits held by Al Jalore Trading FZE under the Prevention of Money Laundering Act. A United Kingdom property was allegedly disposed of through a purported loan arrangement that created an encumbrance to settle an Indian liability. Sale proceeds were credited to Al Jalore Trading FZE's Indian bank account rather than to the registered owner, indicating alleged dissipation of proceeds of crime through a structured foreign-property transaction.
August 28, 2026
Comprehensive set of reforms undertaken to simplify defence export SOP: MoD
Show AI Summary
Defence export authorisation reform streamlines consultations, expands unified licences, and facilitates eligible exporters' access to international markets.
Open General Export Licence arrangements permit eligible exporters to self-generate authorisations for multiple consignments of specified defence items without obtaining separate authorisation for each consignment. Three existing licence procedures are consolidated into a unified framework. Licence validity is extended to three years, and territorial coverage is expanded to all countries other than negative or sensitive nations and destinations subject to United Nations Security Council sanctions or arms embargoes. Eligible companies with long-term foreign original equipment manufacturer agreements may obtain licences aligned with the underlying contract, subject to prescribed conditions.
August 28, 2026
Jio Platforms gets Sebi nod for $3.8-bn IPO, set to be India's biggest
Show AI Summary
IPO approval enables Jio Platforms to issue fresh equity shares, with proceeds earmarked for subsidiary debt repayment and corporate purposes.
SEBI's final observations enable Jio Platforms Ltd to proceed with an initial public offering comprising up to 27 crore newly issued equity shares. The transaction is structured as a fresh issue of shares. Offer proceeds are primarily allocated towards repayment or prepayment of outstanding borrowings of Reliance Jio Infocomm Ltd, Jio Platforms' material subsidiary, with the balance designated for general corporate purposes.
August 28, 2026
Gold declines for 3rd day, prices tumble Rs 3,300 as US dollar gains strength
Show AI Summary
Gold price volatility intensified as dollar strength, profit-booking, and customs-duty-cut reports pressured domestic bullion markets.
Domestic bullion prices declined for a third consecutive session as a stronger US dollar and sustained profit-booking after a recent rally weakened gold and silver. Gold fell sharply in the national capital and silver also declined in domestic trading, with the three-day movement reflecting ongoing price volatility in the bullion market. International spot gold remained marginally lower while investors awaited policy-related remarks concerning inflation and elevated yields.
August 28, 2026
Rs 53 lakh cr transferred to govt beneficiaries through DBT, mostly to Jan Dhan accounts in 12 years
Show AI Summary
Direct benefit transfer strengthens welfare delivery through Jan Dhan accounts, digital payments, reduced intermediaries, and expanded financial inclusion.
Direct Benefit Transfer has transferred welfare benefits directly to beneficiaries, largely through Jan Dhan accounts, reducing intermediaries and supporting transparent delivery. The Pradhan Mantri Jan Dhan Yojana provides unbanked adults basic accounts without minimum-balance or maintenance-charge requirements, along with RuPay debit cards, accident insurance coverage, and emergency overdraft access. Banking outlets, digital-payment infrastructure, and Bank Mitras extend formal financial services to women, rural and semi-urban communities, strengthening financial inclusion and participation in the formal economy.
August 28, 2026
Forex kitty jumps USD 12.42 bn to all-time high of USD 729.3 bn
Show AI Summary
Foreign exchange reserves reached a record level, supported by increases in foreign currency assets and gold holdings.
India's foreign exchange reserves increased by USD 12.422 billion to an all-time high of USD 729.328 billion for the week ended 21 August. Foreign currency assets and gold reserves recorded the principal increases, while special drawing rights and the reserve position with the IMF also rose. Foreign currency asset valuation reflects movements in non-US currencies held in the reserves. FCNR(B) and concessional swap arrangements were introduced to attract additional foreign-exchange inflows.
August 28, 2026
Jio Platforms gets Sebi nod to launch IPO
Show AI Summary
IPO regulatory approval enables Jio Platforms to advance preparations for its proposed fresh equity share public offering.
Jio Platforms Ltd. has obtained Sebi's final observations for its proposed initial public offering. This key regulatory stage enables further preparations for the public issue, subject to applicable regulatory requirements. The proposed offering comprises up to 27 crore fresh equity shares and is expected to account for approximately 2.9 per cent of the company's post-issue equity base.
August 28, 2026
PM Jan Dhan Yojana has had unparalleled impact, transformative outcomes: PM Modi
Show AI Summary
Financial inclusion through basic bank accounts expands banking access with no-balance accounts, debit cards, and emergency overdraft support.
Pradhan Mantri Jan Dhan Yojana enables unbanked adults to open basic bank accounts without minimum-balance or maintenance-charge requirements. Accounts include a free RuPay debit card with accident insurance coverage and eligibility for an overdraft facility during emergencies. The scheme promotes digital transactions, financial security and participation in the formal economy, while extending banking access to rural and semi-urban communities and increasing women's financial inclusion.
August 28, 2026
Bajaj Finance Personal Loan Offers Flexible Repayment Options with Loan Utsav 2026 Benefits
Show AI Summary
Flexible personal loan repayment enables eligible borrowers to select longer tenures, subject to eligibility, terms, verification, and repayment capacity.
Bajaj Finance personal loans offer eligible customers collateral-free borrowing with flexible repayment tenures of 12 to 108 months, subject to eligibility, applicable terms, verification and documentation. A longer tenure may reduce monthly EMIs by spreading repayment over more months, but can increase total interest payable. Borrowers should compare the interest rate, tenure, EMI, processing charges and other costs, while considering their income, existing commitments and repayment capacity. Loan Utsav 2026 provides limited-period rewards for eligible customers whose loans are successfully disbursed during the campaign period, subject to applicable terms.
August 28, 2026
ED arrests 3 more people in pan-India digital arrest case
Show AI Summary
Digital arrest money laundering investigation tracks cyber-fraud proceeds through layered bank accounts, cash withdrawals, and foreign-exchange conversion.
Arrests under the Prevention of Money Laundering Act form part of an investigation into alleged digital arrest cyber fraud and laundering of fraud proceeds. Funds were reportedly routed through numerous bank accounts, withdrawn in cash, and converted into foreign currency through licensed money changers. The financial trail is linked to commodity trading, travel and foreign-exchange entities allegedly connected with cyber-fraud complaints and first information reports. The inquiry also identified alleged shell or dummy companies using proxy directors to conceal control and facilitate fund movement.
August 28, 2026
Rupee rises 6 paise to settle at 95.39 against US dollar
Show AI Summary
Foreign exchange intervention and lower crude prices supported rupee appreciation despite a stronger dollar and foreign institutional investor outflows.
Foreign exchange market conditions supported a six-paise appreciation of the rupee against the US dollar at the close of trading. Lower global crude oil prices and Reserve Bank of India intervention to limit significant rupee depreciation contributed to the movement. A marginal strengthening of the US dollar and foreign institutional investor equity outflows continued to exert pressure, while FCNR(B) scheme inflows supported the currency.

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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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