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August 10, 2026
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GST refund facilitation expands provisional input tax credit refunds and removes the minimum threshold for export-related IGST refunds.
Punjab's GST amendments facilitate voluntary compliance and reduce procedural burdens by allowing a 90 per cent provisional input tax credit refund in inverted duty structure cases and removing the minimum threshold for IGST refunds on exported goods. Additional measures cap annual fee increases by private unaided educational institutions, establish digital open universities for technology-enabled higher education, protect trees and green cover, and address common infrastructure, panchayati raj, and contractual engagement of outsourced State personnel.
August 10, 2026
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Video-conference statements for an approver application were declined, requiring the accused's statement to be recorded before consideration.
Special CBI Court rejected an accused's request to record her statement through video conferencing in a bank-fraud prosecution. The accused had sought to become an approver, and her statement was required to be recorded before consideration of that application. She and her husband had previously become approvers in a related money-laundering matter involving alleged fraudulent Letters of Undertaking.
August 10, 2026
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Fuel price transparency highlights allegations over excise duty, consumer retail costs, and profit disclosures by state-run oil marketing companies.
Fuel pricing, central excise duty and profits of state-run oil marketing companies are examined through allegations that retail fuel prices and tax policy imposed excessive costs on consumers while generating substantial company profits. The criticism contrasts high crude-price periods with lower retail prices and lower excise duty against a later period in which reduced crude prices were allegedly not passed through to consumers. Profit-margin disclosure is also raised as a transparency issue, with parliamentary information described as covering oil prices, global crude prices and company profits.
August 10, 2026
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Discharge in money-laundering proceedings turns on whether pre-charge material sufficiently establishes the alleged offence.
Discharge in a money-laundering prosecution was sought before a special PMLA court concerning alleged siphoning and laundering of loans advanced to Jet Airways by Canara Bank. The prosecution was directed to respond, subject to the applicant not seeking adjournment. Discharge is available after filing of a chargesheet and before framing of charges where the material before the court is insufficient to establish the alleged offence. The proceedings arise from a CBI FIR concerning alleged bank fraud involving Jet Airways and associated persons.
August 10, 2026
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High-speed rail indigenisation and infrastructure performance monitoring require skills development, comparative planning, measurable station assessments and freight-terminal dashboards.
Parliamentary oversight calls for accelerated indigenisation of high-speed rail components, capacity-building through international expertise, and comparative study of successful high-speed rail systems for future corridors. Redeveloped stations should be assessed through measurable indicators concerning passenger use, accessibility, cleanliness, commercial occupancy, maintenance and feedback, with completed-project practices documented and shared. Operational cargo terminals and cargo-related facilities should be monitored through a digital dashboard covering utilisation, rake performance, mechanisation, connectivity, safety compliance and customer satisfaction.
August 10, 2026
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MSME and export promotion framework expands finance, technology, infrastructure, sustainability and global-market support for enterprise growth.
Haryana Progressive MSME and Export Promotion Policy 2026 creates a five-year framework for MSME growth through financial incentives, institutional support, industrial infrastructure, technology adoption and export facilitation. Identified thrust-sector enterprises may receive capital and interest subsidies, stamp duty reimbursement, employment assistance, insurance support, and incentives for automation, artificial intelligence, testing and research. Proposed venture capital and credit guarantee funds seek to improve institutional and collateral-free finance. Export support covers international certifications, credit, insurance, freight, e-commerce, trade fairs, documentation, compliance and buyer connections, alongside sustainability and inclusive entrepreneurship measures.
August 10, 2026
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Employee data exposure alerts trigger review of alleged password spraying and MFA fatigue, with customer and operational systems unaffected.
Employee data exposure alerts prompted TCS to review allegations concerning limited basic employee information that appears to be more than four years old. No indication exists that customer data, customer systems, or operational systems have been affected. The alleged vectors involve password spraying and multi-factor authentication fatigue. TCS states that safeguards against these techniques have been in place for more than two years, its controls remain effective, and monitoring and further assessment will continue.
August 10, 2026
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Mustard honey export demonstrates FPO-led aggregation, quality-focused production and industry collaboration for international agricultural market access.
Mustard honey export from Tripura to Dubai marks the first international shipment by Dergang Farmer Producer Organisation, supported through export-oriented aggregation and market linkage initiatives. The export creates overseas market access for local beekeepers and farmers, diversifies the honey value chain, and encourages quality-focused production. Industry collaboration supported bee production and an export-oriented supply chain, while capacity building, quality assurance, value addition and market linkages can strengthen agricultural exports and farmer participation in international markets.
August 10, 2026
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Digital banking evidence gains recognition through a modernised framework for physical and electronic records, with privacy and security safeguards.
The Bankers' Books Evidence Bill, 2026, modernises the evidentiary framework for bankers' books by permitting banking records to be produced in physical or electronic form in legal proceedings. It recognises electronic, digital and virtual records and enables the Central Government to extend the regime to other regulated financial entities, supporting a uniform financial-sector evidentiary framework. The framework seeks secure and transparent use of banking records while safeguarding customer privacy, confidentiality and data security.
August 10, 2026
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Illicit opioid medicine exports exposed through concealed cargo, clandestine manufacturing, repacking, and attempted transnational trafficking to Nigeria.
Illicit manufacture and attempted export of controlled opioid medicines were detected in a network producing, concealing, storing and exporting Tramadol Hydrochloride tablets to Nigeria. A consignment declared as Pregabalin capsules contained concealed Tramadol Hydrochloride and Tapentadol tablets. Investigation identified clandestine manufacture, repacking and preparation for export, with searches yielding tablet-compression machinery and raw materials. Tramadol is a psychotropic substance under the Narcotic Drugs and Psychotropic Substances Act, while Tapentadol is regulated under the Drugs and Cosmetics Act and its rules.
August 10, 2026
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Summons compliance under anti-money-laundering law faces appellate scrutiny after acquittal over unproven email service allegations.
Delhi High Court required Arvind Kejriwal to reply to Enforcement Directorate petitions challenging his acquittal in proceedings concerning alleged non-compliance with summonses. The trial court found that the agency had not proved intentional disobedience, service of summons through email, or lawful issuance of electronic summons under the Prevention of Money Laundering Act. The appellate challenge concerns proof of service, validity of electronic summons, and intentional non-compliance.
August 10, 2026
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Pesticide residue concerns drive organic farming, school agriculture initiatives, infrastructure financing and climate-resilience support for farmers.
Food-safety concerns arising from pesticide residues and toxic substances are to be addressed through organic vegetable farming, household cultivation and the Kathir school-farming initiative. Kathir provides for institutional farming, teacher and committee support, markets, student training and clubs, with possible academic weightage for agricultural participation. Agricultural infrastructure financing supports post-harvest management, value addition, processing, packing, marketing and exports. Additional measures include banking support, agricultural technology adoption, women-farmer support and schemes addressing climate-related floods and drought.
August 10, 2026
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Digital EODC processing removes physical duty challans through authenticated payment verification for export authorisation closure.
Export Obligation Discharge Certificate processing under the Advance Authorisation and Export Promotion Capital Goods schemes no longer requires physical duty-payment challans for voluntary customs-duty payments made on or after 1 August 2026. Authenticated licence-wise payment information is electronically transmitted from Customs/ICEGATE to DGFT systems and mapped to the relevant authorisation. Exporters can verify payment details on the customer portal, while Regional Authorities use corresponding back-office records, replacing manual submission and verification for authorisation closure.
August 10, 2026
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Trusted service-call numbering requires verified utilities and logistics entities to use dedicated numbers exclusively for transactional and service communications.
The 1601-series is introduced for verified utilities, courier and logistics entities making service and transactional voice calls. Numbers must be allocated directly to eligible entities, not intermediaries or aggregators, following verification by telecom service providers and an undertaking of exclusive use. Promotional voice calls are prohibited on this series and remain associated with the 140-series. The framework separates these calls from the 1600-series reserved for regulated financial-sector and government-to-citizen communications, supporting consumer recognition of legitimate calls and reducing impersonation risks.
August 10, 2026
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GST revenue collection drives tax growth while data scrutiny, taxpayer verification, and compliance capacity remain key administrative priorities.
GST constituted the principal component of tax revenue for the 2025-26 fiscal year. Tax administration faces staff shortages, information-technology upgrade needs, and increased workloads from taxpayer registrations and return filings. Compliance oversight requires GST data scrutiny, risk assessment, identification of unregistered taxpayers, tax-evasion detection, and field verification of high-risk taxpayers. Long-term revenue planning sets progressively higher collection targets through 2063.
August 10, 2026
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Russian crude imports reshape India's refining trade as processed petroleum products reach sanctioning jurisdictions despite import restrictions.
Indian imports of Russian crude oil reached a second consecutive monthly record in July 2026, with Russian crude forming the dominant share of India's Russian fossil-fuel purchases and more than half of total crude imports. Higher receipts through smaller terminals offset reduced volumes at Paradip. Indian refineries processing Russian crude also exported refined petroleum products to sanctioning jurisdictions, including the European Union, Australia and the United States, despite the European Union prohibition on imports of oil products made from Russian crude.
August 10, 2026
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Cyber-fraud through stolen phones allegedly used mule accounts, banking credentials and coordinated technical operations to divert victims' funds.
Investigation into unauthorised withdrawals after theft of a mobile phone uncovered an alleged interstate cyber-fraud network using stolen devices, linked banking credentials and mule bank accounts. The scheme allegedly involved phone theft, supply of accounts and banking instruments, and a technical operation that accessed victims' accounts and routed funds for withdrawal or transfer. Digital surveillance, transaction mapping, seized devices, victim data and transaction records are being examined to identify linked complaints and the extent of funds allegedly diverted.
August 10, 2026
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Rupee depreciation reflected stronger dollar, elevated crude prices and geopolitical uncertainty, while portfolio inflows and equity gains provided support.
The rupee depreciated against the US dollar amid a stronger dollar, higher global crude oil prices and uncertainty surrounding West Asia-related negotiations. Concerns over crude oil's potential impact on the trade deficit weighed on the currency, while positive domestic equity markets and foreign portfolio investment inflows provided support. Market caution remained focused on forthcoming US inflation data, dollar-index movements and Brent crude prices. Foreign-exchange reserves increased during the reported period.
August 10, 2026
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Collateral-free personal loans offer extended repayment flexibility, conditional reward benefits, and online application subject to eligibility and disbursal requirements.
Loan Utsav 2026 provides eligible Bajaj Finance Personal Loan applicants an exclusive reward bundle where the loan is successfully disbursed during the campaign period. The collateral-free facility supports personal expenses, offers repayment tenures from 12 to 108 months, and may enable lower monthly EMI obligations through a longer selected tenure. Interest rates depend on eligibility, credit assessment, financial profile and lending criteria. Online applications require personal and financial details and required documents, with disbursal for eligible applicants possible after verification and approval.
August 10, 2026
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Credit card payment flexibility supports seasonal shopping and travel through eligible EMIs, rewards, tracking tools and conditional merchant benefits.
Credit-card spending features include conversion of eligible purchases into EMIs, selected no-cost EMI options, reward points, cashback, merchant discounts and payment flexibility. Travel-related benefits may include domestic airport lounge access, travel-booking discounts, fuel-surcharge waiver and anniversary-linked rewards. The AU 0101 application enables transaction tracking, balance and interest-rate monitoring, EMI conversion and bill-payment management. Features and offers are subject to change, customer eligibility, internal policies and partner-merchant terms.

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Anand Sharma Flags off IICF 2012 400 Delegates from 16 Countries Converge at the Event to Promote Coffee.

January 19, 2012

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Press Information Bureau

Government of India

Ministry of Commerce & Industry

18-January-2012 20:39 IST

Anand Sharma Flags off IICF 2012 400 Delegates from 16 Countries Converge at the Event to Promote Coffee

The India International Coffee Festival (IICF) 2012, organized by the India Coffee Trust, an industry body in collaboration with the Coffee Board of India to promote coffee consumption in India, was inaugurated by Mr. Anand Sharma, Minister of Commerce, Industry & Textiles, with Mr. Roberio Oliveira Silva, Executive Director of International Coffee Organization (ICO) as the Guest of Honour, here today. The IICF has over 400 participants from the global coffee fraternity converging in Delhi for the prestigious event. Held for the first time in New Delhi, the three day coffee festival, has participation from India and across the world including Australia, United Kingdom, Netherlands, Italy, Germany, United States of America, Nigeria, Kenya, Norway, Sweden, Belgium and the USA to name a few.

Emphasizing that Coffee industry in India remains micro enterprise with an overwhelming majority of small growers, Shri Sharma recalled that keeping in mind that nearly 99% of the coffee growers have land holdings of less than 10 hectares who are vulnerable to the vagaries of price fluctuation and invariably are severely indebted, the Government of India announced a Comprehensive Debt Relief Package of Rs.435 crores covering 1.3 lakh small coffee growers in 2010. Apart from financial restructuring we have been providing technology support for coffee cultivation, development support for improving production and quality, capacity building, packaging and developing the marketing linkages. He stressed the need to increase the acreage of coffee cultivation in India and said that both Industry and the board should look for new areas for propagating coffee. Referring to growing popularity of coffee in India, the minister added “it is important to build on this domestic demand to insulate coffee prices from the global prices volatility. We also need to increase roasting capacity in the country and more and more global players should invest in this area which has tremendous scope.”

Speaking at the event, Shri Jawaid Akhtar, Chairman, Coffee Board of India pointed out that coffee is the second most valuable exported legal commodity on earth after oil. Over 90% of the coffee production takes place in the developing countries while consumption happens mainly in the industrialized economies. Worldwide 25 million small producers are dependent on coffee for their livelihood. Indian coffee farming also predominantly consists of small growers as out of 2.70 lakh growers, 2.67 lakh are small growers. Coffee farming provides livelihood to over 500,000 people and an equal number is employed in the downstream coffee industry. Attributed the rise in domestic coffee consumption in the country to the efforts of each member of the coffee fraternity in India who have worked in tandem to spread coffee drinking across the country, the Chairman said “over the past few years, coffee has transitioned from being a traditional beverage consumed mainly in South India, to a beverage with a national presence, consumed in several forms and retail formats. Between 2003 and 2008, coffee consumption has grown in the non-South regions at 42% annually while it has grown at 3.5% per annum in the Southern States. The Coffee Board is actively involved in the promotion of beverage in non-traditional markets and training to develop entrepreneurs supporting movement up the value chain in roasting, grinding and packaging segments by subsidy support to prospective entrepreneurs and Self Help Groups and collectives among others. The Coffee Board has been nurturing coffee industry for the past seven decades through its various activities like research, extension, export and domestic promotion and allied activities aimed at supporting coffee growers across the country,” he said.

Welcoming the guests at the Inaugural session, Mr Anil Bhandari, Chairman of the Coffee Trust, organizing the this prestigious event with the Coffee Board, recalled, “The Hon’ble Minister, Shri Anand Sharma’s previous support to the industry and hoped that with his help the Government to the industry’s and the India Coffee Trust’s current mission of spreading coffee consumption all over the country will be a signal success. He also thanked the Director ICO, Roberio Oliveira Silva for making it all the way to New Delhi for IICF 2012, thus exhibiting the ICO’s concern and regard for the Indian coffee industry.”

The IICF 2012 is a combination of a conference, exhibition and workshops which will include a session on “Cooking with Coffee,” conducted by noted Chef and Restauranteur, Mark Sayers from Australia. The workshops are aimed at providing its participants and prospective coffee professionals and entrepreneurs an enriching and interactive learning opportunity with a special focus on roasting & grinding, different techniques of brewing, cooking with coffee and has been conducted by specialized and experienced instructors. The Coffee exhibition will have something for everyone, be it a coffee expert, amateur or just a coffee lover.

Mark Sayers, has demonstrated his signature recipes at IICF 2012, expressed happiness over the efforts of the India Coffee Trust to promote Coffee. “India, with its diverse culture, is a place where people are willing to experiment with their food menus. Coffee, as a sipping drink, is also being welcomed as a food ingredient world over and I hope India too welcomes it whole-heartedly.”

Roberio Oliveira Silva, the Executive Director of ICO said, “with growing demand for coffee in emerging markets like India, the ICO is enabling countries to increase production by assisting in deploying better reproduction technologies, market diversification, linkages/integration through partnerships and investments in Research and Development”.

The IICF 2012 Coffee Awards on January 19 will have professionals from the Coffee industry awarded for their excellence by Shri Jyotiraditya Scindia, Honourable Minister of State Commerce & Industry, Government of India. The awards which include the IICF Café awards, IICF Curer, Roaster, Latte Art Championship and the India Barista Championship will recognize the achievements and efforts made by various individuals and organizations in the Coffee sector.

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