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    ED arrests ex-Andhra minister K Nageswara Rao in liquor transport 'scam'
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August 23, 2026
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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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Customs, DGFT & SEZ

Intervention by Commerce & Industry Minister Shri PiyushGoyalat the G-33 Ministerial Meeting at the 12th WTO Ministerial Conference held in Geneva

June 13, 2022

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Thank you very much Chairperson. Ministers, Excellencies, Distinguished delegates, Ladies and Gentlemen. I would like to thank Indonesia for organising the G-33 meeting at the very start of the MC-12 giving us an opportunity to renew our solidarity. It is clear that the two items primarily on the agenda this time will look upon a solution to public stockholding, and the special safeguard mechanism that many of the earlier speakers before me have spoken about.

At the outset, I would like to say that it would have been better if the Director General was also present to hear the concerns of the developing world and I feel it is unfortunate that in her brief comments she referred to a decision that has been made not once, not twice but thrice, as a mere iteration and I would urge the Chair to convey if it is agreed by all my friends here, that it was not a declaration but a decision that was made in 2013, again in 2015 and then again in 2018 that we are sitting down here to discuss.

India has had an experience to transit a food deficit nation to a largely self sufficient food nation. In our state support in the form of subsidies and other Government interventions played a very important role to achieve this sufficiency. We are fighting for all the developing countries including the LDCs collectively based on our own journey, our own experience.

Let us look at the story so far. It starts from the Uruguay round where to my mind,  after 8 years of negotiations right up till 1994 when the Marrakesh agreement was finally decided and led to the establishment of the WTO. Agriculture got a raw deal- imbalanced outcomes and those who were distorting markets by granting import subsidies secured to continue to grant export subsidies under the Agreement on Agriculture (AOA). At that time many of us, rather most of us being less developed or least developing countries were not giving out subsidies, so therefore since we were not giving subsidies in the base period, we lost our right to grant significant subsidies in the future. Further, the rules of agreement largely suited the developed countries socio-economic architecture, higher entitlement of subsidies for the developed world were institutionalised and the very formula for calculation of market price support was quite flawed and frozen at that point of time. 

Developing countries including the LDCs are always at the receiving end, we are made to compromise, sometimes debate multiple times on the same subject and also times where there's already been agreed is reopened leading to backsliding of earlier mandates, and I will explain what I mean by that. In the Ministerial Conference of 11th December 2013, it was decided and I repeatedly decided that the members agree to put in place an interim mechanism, to negotiate on an agreement for a permanent solution for adoption by the 11th Ministerial Conference. The process had been fixed and we agreed on this, in lieu of the agreement on trade facilitation which the developed world was very keen to adopt.

I am reading out from this declaration, I believe it was an important element in para 8 of work program, there is a para 8 which says and I quote “Members agree to establish a work program to be undertaken in the committee on agriculture to pursue this issue with the aim of making recommendations for a permanent solution, para 9 says “Members commit to the work program with the aim of concluding it no later than the 11th Ministerial Conference” and para 10 “The general council shall report to the 10th Ministerial Conference… the progress made on the work program.”  I am reminding you this because what is sought to be done at this conference, the Ministerial Conference 13 is to rewrite that same script.

On 28th November 2014, the General Council has reiterated the decision of 27th November 2014 on public stockholding security purposes and then it states recognising the importance of public stockholding of food security purposes for developing countries, besides that again it was a decision until a permanent solution is agreed and adopted … in pursuance of public stockholding programmes in security proposies, it was decided and what we call peace clause till the permanent solution is finalised will continue.  Again they had said if a permanent solution is not approved and adopted in the 11th Ministerial conference the mechanism referred to in para 1 shall continue to be in place until a permanent solution is agreed and adopted and for which again they say, the negotiations  for the permanent solution on the issue of public stockholding for food security purposes shall be pursued on priority, this is 2014. Also, they said the negotiation on this subject shall be held in the committee on Agriculture in a special session in dedicated session and accelerated time period, distinct from the agricultural negotiations under the Doha Development Agenda.

Again, while reporting in 2015 to the Ministerial Conference in tenth session,  they took note of progress made so far and decided that they reaffirm the General council decision of 2014 members shall engage constructively to negotiate and make all concerted efforts to agree and adopt developments made. Why I am saying all this is what is the logic of saying that there will be a fresh work program and that there will be a ministerial declaration in MC12. It is already out there, it is already an ongoing process. Is it a point to restart the negotiations from scratch and bringing it at par with all the different subjects which are at different stages of negotiations as sought to be finalised today, is it being done to try and fish us out on an agreement in fisheries by offering a work program. I still think we all need to reflect on what was decided should be pursued and included this time or whether it should once again be agreed for a work program and taking us back to square one, eight years or nine years after the initial agreement. 

Friends, India and all of us in this G33 group of members have long been calling for accessible and effective Special Safeguard Mechanism (SSM) in order to address the destabilizing and crippling effects of import surges and downward price movement largely due to huge subsidies by the developed members. They already have an aggregate measure of support entitlement which is quite large since there was already huge subsidies which were kept at a standstill many years almost 5 years ago. This is so, more particularly in the wake of volatility of the prices observed post pandemic an outcome remains for many members an important element of the agricultural package.

Similarly, you will agree with me that the Agreement on Agriculture which is already riddled with deep imbalances favour the developed countries which have created the rules against many developing countries and that is quite evident from what is happening in the world’s part.

It is important that as a first step of agricultural reform the historical asymmetries  and imbalances must be corrected in order to ensure a rule based fair and equitable order. We must level the playing field and give our farmers a chance to provide security to our people. We must continue to preserve the existing S&DT for the developing countries which will help our struggling farmers particularly those who are keeping out the subsistence living. The flexibilities provided under the development clauses under Article 6.2 of the Agreement on Agriculture should not be touched in the name of domestic support reform. 

In conclusion, let me stress that all of us must work collectively to retain the cohesion of this coalition and strengthen it further by reaching out to other like minded countries, secure their support for a fair, balanced and development centric outcome, which must include the permanent solution to public stockholding and the Special Safeguard Mechanism (SSM). 

Thank you for your attention, Ladies and Gentlemen and Chair. But, I wanted to bring back the entire historical perspective so that each one of us back to our leadership and takes a more stronger to be able to achieve the decided outcomes.

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