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    Over 36,000 firms shut operations in Maharashtra in 5 yrs; Oppn claims graft, govt interference
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August 12, 2026
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Corporate closure data highlights worker-claim treatment through insolvency adjudication and liquidation priority, while affected-worker information remains unmaintained.
Corporate closure data recorded 36,211 private companies in Maharashtra as liquidated, dissolved or struck off during the preceding five financial years. Central information is not maintained on workers affected by closures or special rehabilitation packages. In corporate insolvency resolution, employee and worker claims are adjudicated under orders of the adjudicating authority. In winding-up or liquidation, the liquidator deals with pending wages and other admissible statutory dues, subject to available funds and the statutory order of priority.
August 12, 2026
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August 12, 2026
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Land acquisition funding and regulatory approvals advance satellite-city development, tax relief, identity enrolment, employment verification, and jail reform.
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August 11, 2026
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Money-laundering investigation into alleged liquor-sale proceeds led to arrest and custodial questioning amid contested political allegations.
Money-laundering investigation concerning an alleged liquor scam led to the Enforcement Directorate's arrest of Ramgopal Agrawal and seven days' custodial remand under the Prevention of Money Laundering Act. The agency alleged his connection with proceeds of crime, non-attendance despite multiple summonses, and evasiveness during questioning. Allegations concern purported control of the state excise department, illegal liquor sales, and sharing of commissions. The Congress has denied the allegations and described the investigation as politically motivated.
August 11, 2026
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GST inquiry closure bribery allegations prompted anti-corruption proceedings against a Sales Tax officer under corruption law.
Alleged bribery in GST inquiry closure led to the arrest of a Sales Tax Assistant Commissioner after a scrap trader complained of a demand for illegal gratification to close an inquiry initiated through a GST show-cause notice. Anti-corruption officials reportedly verified the allegation through intermediaries, during which the officer allegedly agreed to accept payment for closing the matter. A criminal case was registered under the Prevention of Corruption Act, with further investigation ongoing.
August 11, 2026
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Direct tax collection growth reflected stronger non-corporate taxes and securities transaction tax receipts alongside slower refund issuances.
Net direct tax collections increased by 23 per cent to over Rs 8.11 lakh crore through August 10, driven by higher non-corporate tax collections and slower refund growth. Gross direct tax collections grew by 19.75 per cent to about Rs 9.55 lakh crore. Net corporate tax collections rose about 20 per cent, net non-corporate tax collections rose 23 per cent, and Securities Transaction Tax collections increased 51 per cent. Refund issuances grew by 3.8 per cent year-on-year.
August 11, 2026
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Vicarious liability in cheque dishonour cases cannot attach to trust associates without statutory status or transaction-specific involvement.
Vicarious criminal liability for cheque dishonour under section 141 of the Negotiable Instruments Act does not extend to a trust, because a trust is not a juristic person. A person cannot be summoned merely for alleged active involvement in a trust where the person was neither drawer nor signatory of the cheques, trustee, office-bearer, authorised account operator, guarantor, or executor of transaction documents.
August 11, 2026
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Cross-border payment integration through CBDCs and fast payment systems remains under BRICS discussion to reduce transfer costs.
Cross-border payment integration is under discussion through potential linkages between central bank digital currencies and fast payment systems, including UPI-type platforms. These approaches seek faster and less costly trade and remittance transfers, particularly retail payments, but remain at a discussion stage. Rupee internationalisation is also being pursued through central-bank memorandums of understanding for bilateral trade settlement in local currencies, with existing arrangements covering Indonesia, Maldives, Mauritius and the UAE.
August 11, 2026
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GeM uses AI/ML analytics to detect order splitting, suspicious bidding, abnormal pricing, repeated participation and potential buyer-seller collusion. Flagged cases are placed before buyer organisations for review and action, while suspected cartels are assessed through digital-footprint, pricing and bid-timing indicators. Its Incident Management framework addresses false documents, fraud, collusive behaviour and other misconduct through administrative measures, including suspension. Anti-competitive conduct and cartel formation are Severe/Grave deviations, with proven cases attracting suspension for up to 365 days.
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Direct tax collections show stronger corporate, non-corporate and securities transaction tax receipts, alongside increased refunds during the fiscal period.
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Mobile food testing laboratory accreditation expands quality-assured testing access and supports coordinated food-safety surveillance and regulatory efficiency.
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Immediate FIR registration for every missing person is mandatory, with missing children treated as suspected kidnapping or abduction cases.
Immediate FIR registration is required whenever information is received that any person is missing, irrespective of age or gender, without preliminary inquiry. Missing-person FIRs must include relevant provisions concerning kidnapping and trafficking. A missing child must be treated from the outset as a suspected case of kidnapping or abduction. States and Union Territories may face contempt action for non-compliance. Traced children should ordinarily be restored to their families within 24 hours unless trafficking or exploitation by the family is suspected.
August 11, 2026
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Money-laundering investigation targets alleged chit-fund collections, investor-fund diversion, concealed deposits, and irregular land transactions.
Money-laundering investigation into an alleged multi-state chit-fund scheme involved searches at premises linked to Wellfare Buildings and Estates Pvt Ltd and its directors, seizure of cash, vehicles, property-related records and digital devices, and freezing of bank accounts. The alleged scheme concerns unauthorised public-fund collection through land-allotment schemes, followed by closure of operations. Allegations include diversion of investor funds, manipulation of financial statements to conceal deposits, and irregular land transactions intended to suppress actual consideration and evade statutory obligations.

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Centre to organize the FIRST EVER Startup India Innovation Week from 10th -16th of January 2022.

January 10, 2022

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Centre to organize the FIRST EVER Startup India Innovation Week from 10th -16th of January 2022.

Event to bring together country's key startups, entrepreneurs, investors, incubators, funding entities, banks, policymakers etc under one platform to celebrate entrepreneurship and promote innovation

"Startup India Innovation Week"

designed to showcase the spread and depth of entrepreneurship across India.

The Department for Promotion of Industry and Internal Trade (DPIIT) is organizing the first-ever Startup India Innovation Week from 10th -16th of January 2022.  This virtual week-long innovation celebration aims to commemorate the 75th year of India’s independence ‘Azadi Ka Amrit Mahotsav’ and is designed to showcase the spread and depth of entrepreneurship across India.

Interestingly, in the startup world, 2021 has been recognised as the 'year of unicorns,' with 40+ unicorns added in the year.

 India is emerging as a global innovation hub, boasting the world's third-largest startup ecosystem. DPIIT has recognised more than 61,000 startups as on date. Our startups representing 55 industries, spread across 633 districts with at least one startup from every State and UT of the country have created over 6 lakh jobs since 2016. 45% of the startups are from Tier-2 and Tier-3 cities and 45% of them are represented by women entrepreneurs. Startups have the potential to accelerate India's integration into global value chains and create global impact.

This startup and innovation festival's primary goal is to bring together the country's key startups, entrepreneurs, investors, incubators, funding entities, banks, policymakers, and other national/international stakeholders to celebrate entrepreneurship and promote innovation. Furthermore, to exchange knowledge on nurturing startup ecosystems; to develop entrepreneurial ecosystem capacities; to mobilise global and domestic capital for startup investments; to encourage and inspire the youth for innovation and entrepreneurship; to provide market access opportunities to startups; and to showcase high-quality, high-technology, and frugal innovations from India.

With participation of States/UTs and various departments of Government of India, the week-long programme will address key aspects of the startup ecosystem through interactive sessions, workshops, and presentations based on themes such as Academia & Mentorship Support to Startups, Incubation and Acceleration Support to Startups, Market Access through Corporates & Government to Startups, and Funding & International Avenues to Go Global. In addition, based on the identified themes, there will be various parallel activities such as Experience Booths, Pitching or Reverse Pitching Sessions, and Innovation Showcases.

The link to the registration for the event is https://www.startupindiainnovationweek.in

Highlights of the week-long celebration are:

  • Hon’ble Prime Minister’s interaction with startups
  •  Result Declaration of National Startup Awards 2021
  • Launch of Doordarshan Startup Champions 2.0 show
  • Roundtable with Global Investors and domestic funds
  • Launch of Open Network for Digital Commerce Digital Strategy
  • Participation by Ministry of Education, Niti Aayog, Office of PSA, DBT, DST, MeitY, Ministry of Defence and Ministry of Social Justice and Empowerment, among other departments, in various sessions.
  • Launch of ‘Fisheries Startup Grand Challenge’ by Department of Fisheries
  • Pitching sessions and corporate connect programs for startups from across the country.

Key Day wise highlights of the week long celebration are:

Day 1 (10th January)

The week-long event will be launched on Day 1, 10th January 2022 by Hon’ble Minister of Commerce & Industry, Shri Piyush Goyal in presence of Hon’ble Ministers of State for Commerce & Industry Shri Som Prakash and Smt. Anupriya Patel. Other eminent speakers during the inaugural session will include

  • Shri Anurag Jain, Secretary, Department for Promotion of Industry and Internal Trade
  • Shri Sanjeev Bikhchandani, Founder & Executive Vice Chairman, Info Edge India Ltd
  • Shri Abhiraj Singh Bhal, Co-Founder & CEO, Urban Company.

Day 1 will also host a Panel Discussion on “Transforming Businesses Through Co-Creation" with speakers like

  • Dr. Rajesh S. Gokhale, Secretary, Department of Biotechnology
  • Shri Ajay Kumar, Secretary, Department of Defence Production
  • Shri Kris Gopalakrishnan, Chairman, Axilor Ventures
  • Shri Aditya Natraj, CEO, Piramal Foundation
  • Shri Sanjeev Kapoor, Celebrity Chef, Entrepreneur & Television Personality
  • Smt. Shobana Kamineni, Executive Vice Chairperson, Apollo Hospitals.

Sessions by Ministry of Social Justice and Empowerment and Open Network for Digital Commerce will also be organised on Day 1.

Day 2 (11th January) 

Day 2 will be coordinated by All India Council for Technical Education (AICTE) and cover sessions on innovation, human values and sustainability and highlight innovation practices in higher education institutes. The Inaugural Ceremony of Day 2 will host addresses from esteemed stakeholders such as

  • Smt. Anita Karwal, Secretary, Department of School Education & Literacy
  • Shri K. Sanjay Murthy, Secretary, Department of Higher Education
  • Dr. Abhay Jere, Chief Innovation Officer, Innovation Cell, Ministry of Education, Government of India.

Keynote addresses will be shared by Shri Sridhar Vembu, Founder, ZOHO Corporation as well as Shri Gautam, Founder, FarEye Pvt. Ltd.

Several panel discussions will be undertaken on “Innovation, Human Values, and Sustainability” and “Best Innovation & Startup Practices in Higher Education Institutions”. Panel discussions will host eminent speakers such as

  • Shri Harshit Rathore, Co-Founder & CEO, Naccarc Robotics
  • Shri Vikash Mittersain, Founder & Managing Director, Nazara Technologies
  • Shri Shrikant Badve, Managing Director, Badve Industries
  • Prof. Abhay Karandikar, Director, IIT Kanpur
  • Prof. AB Pandit, Vice Chancellor, ICT Mumbai.

Moreover, moderators of the sessions will include key stakeholders in the innovation landscape such as Prof. Anil D Sahasrabudhe, Chairman, AICTE and Dr. K. Radhakrishnan, Ex-Chairman, ISRO.

Day 3 (12th January)

Day 3 of this week-long event will also be coordinated by All India Council for Technical Education (AICTE) and cover sessions on academia and mentorship support for the startups and student entrepreneurs.  This day will witness keynote address from eminent speakers such as

  • Prof. K VijayRaghavan, Principal Scientific Adviser, Government of India
  • Shri. Ankit Agarwal, Founder & CEO, Phool.co
  • Smt. Arundhati Bhattacharya, Chairperson & CEO, Salesforce.

Several panel discussions will also be conducted on Day 3 on interesting topics such as “Grey Hair Not Mandatory to Build Great Enterprises” and “Schools, Innovation, Games and Curriculum”. Day 3 will also mark the closing of the two-day AICTE programme with a concluding ceremony. The closing will be in presence of eminent dignitaries such as

  • Dr. Rajkumar Ranjan Singh, Hon’ble Minister of State for Education
  • Dr. Subhas Sarkar, Hon’ble Minister of State for Education
  • Smt. Annapurna Devi, Hon’ble Minister of State for Education
  • Prof. Rajive Kumar, Member Secretary, AICTE
  • Prof. M. P. Poonia, Vice Chairman, AICTE
  • Dr. Abhay Jere, CIO, MIC.

Day 4 (13th January)

A Global Venture Capital Roundtable will be held and Chaired by Hon’ble Minister of Commerce and Industry. Additionally, the day will cover sessions on Indian Incubator Landscape and Incubator capacity building, Startup Pitching and several workshops on “Funding Avenues, financing support by banks, Govt. market access”. This day will also mark the launch of Fisheries Startup Grand challenge. Key highlights also include experience sharing fireside chat by Shri Deep Kalra, Founder, MakeMyTrip. A knowledge sharing session on best practices by 5 states in market access, incubation, and funding, will also be conducted. Eminent speakers for the day include

  • Shri Parshottam Rupala, Hon’ble Minister of Fisheries, Animal Husbandry & Dairying
  • Dr. Chintan Vaishnav, Mission Director, Atal Innovation Mission
  • Shri Rajan Anandan, Managing Director, Sequoia Capital
  • Shri Sanjeev Kaushik, Senior Vice President, Retail Branch Banking, HDFC
  • Shri Prakash Jaiswal, Vice President, Corporate Banking, HSBC
  • Mr. Srinivas Ramanujam, CEO, Villgro,
  • Shri Yashish Dahiya, CEO, PolicyBazaar.

Day 5 (14th January)   

Day 5 will cover key events such as launch of ONDC Digital Strategy (Open Network for Digital Commerce), panel discussion focussing on women entrepreneurship, startup pitching sessions, workshop on expansion strategies and fireside chats highlighting global market entry strategies and technology commercialization. Eminent speakers across sessions will include

  • Prof. K. Vijay Raghavan, Principal Scientific Advisor, Government of India
  • Shri Amitabh Kant, CEO, NITI Aayog
  • Shri Nandan Nilekani, Non-Executive Chairman, Infosys
  • Smt. Gazal Kalra, Co-Founder Rivigo
  • Smt. Padmaja Ruparel, Co-Founder Indian Angel Network
  • Shri Phalgun Kompalli, Co-Founder, UpGrad
  • Shri Rahul Garg, Founder & CEO, Moglix
  • Shri. Manoj Kohli, Country Head, Softbank and
  • Shri Prashant Tandon, Co-founder & CEO, 1MG.

Day 6 (15th January) 

On this day, Prime Minister Shri Narendra Modi is expected to interact with startups and address Startup India Innovation Week at 10.30 am via video conferencing in closed-door event. For this interaction, 150+ startups have been divided into six working groups based on themes such as “Growing from Roots; Nudging the DNA; From Local to Global; Technology of Future; Building Champions in Manufacturing; and Sustainable Development. The aim of the interaction is to understand how startups can contribute to the national needs by driving innovation in the country and how government can assist them with the same. This day will also include the announcement of winners of National Startup Awards 2021, recognizing outstanding startups and ecosystem enablers that are building scalable enterprises, with high potential of employment generation, wealth creation, and social impact. The event will be graced by Shri Piyush Goyal, Minister of Commerce & Industry, Consumer Affairs & Food & Public Distribution and Textiles. The event will also be graced by other senior dignitaries such as

  • Shri Som Parkash, Hon'ble Minister of State for Commerce & Industry
  • Smt. Anupriya Singh Patel, Hon'ble Minister of State for Commerce & Industry
  • Shri Anurag Jain, Secretary, Department for Promotion of Industry and Internal Trade.

Day 7 (16th January) 

The last day of the week-long celebration will include events such as Corporate Connect for Startups, Panel discussions on the ONDC’s Made in India approach to drive inclusion, innovation & scale in Public Digital infrastructure and Urban Innovation via collaboration between Startups and Smart Cities Mission. Eminent speakers addressing various events on the last day will include

  • Shri Avnish Sabharwal, MD, Accenture Ventures
  • Smt. Sruthi Kannan, Head, CISCO Launchpad
  • Smt. Debjani Ghosh, President, NASSCOM and
  • Shri Suresh Sethi, CEO, Protean eGov.

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