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    India to work with BRICS partners to expand opportunities for women-led enterprises in global trade: Union Minister of Commerce and Industry Shri Piyu...
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September 10, 2026
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Women-led trade development promotes BRICS cooperation on finance, market access, digital documentation and predictable cross-border business rules.
BRICS cooperation is directed at improving women-led enterprises' access to credit, markets and predictable trade rules. Proposed measures include an invoice-discounting platform responsive to women exporters, a Women's Advancement Fund, a common trade platform, and greater participation in exhibitions, buyer-seller meetings and sector-specific delegations. Electronic trade documents and cross-border online services are envisaged alongside respect for domestic laws. Businesses are encouraged to identify procedural barriers and propose solutions to reduce documentation and improve ease of doing business.
September 10, 2026
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Wildlife trafficking enforcement targets protected species trade through coordinated seizures, arrests, and transfer for action under wildlife protection law.
Intelligence-led enforcement against illegal wildlife trafficking involved six coordinated operations, seizures of protected wildlife and derivatives, and arrests. The operations addressed alleged poaching, possession, transportation, sale and trafficking of leopard pelts, live Indian star tortoises, live tokay geckos, pangolin scales and tiger bones under the Wildlife (Protection) Act, 1972. Recovered articles, apprehended persons and relevant vehicles were transferred to Forest Department officers for investigation and further action.
September 10, 2026
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Import bans on Canadian goods expand trade restrictions to alcohol, whey, molasses and large-engine motorcycles while tariff coverage is revised.
United States import bans on specified Canadian goods are set to apply from September 29, prohibiting most alcoholic beverages, identified whey products, certain molasses products, and motorcycles and mopeds with larger engines. The tariff schedule also removes cement, toilet paper, bedsheets and fishing rods from tariff coverage while adding key products such as steel and aluminium. The measures form part of escalating bilateral trade restrictions and may contribute to reduced consumer choice, supply-chain disruption and retaliatory measures.
September 9, 2026
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Women-led international trade participation requires accessible credit, market access, predictable rules and digital trade platforms across BRICS economies.
Women entrepreneurs and women-led enterprises were identified as requiring improved access to credit, buyers and markets, and predictable business rules for international trade. BRICS cooperation was envisaged through voluntary principles for assessing small exporters, a common international-trade platform, and electronic trade documentation. Financial intermediaries, banks and export-import banks were encouraged to consider trade invoices in lending decisions, while an invoice discounting platform and Women's Advancement Fund were proposed to support women exporters.
September 9, 2026
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Nuclear safeguards noncompliance triggers Security Council referral, escalating oversight of undeclared uranium traces and restricted inspection access.
IAEA Board of Governors referral of Iran to the UN Security Council follows noncompliance with nuclear nonproliferation safeguards arising from failure to cooperate with an investigation into uranium traces at undeclared sites. Iran is called upon to remedy safeguards noncompliance and enable assurances on the non-diversion of nuclear material. Restricted access to affected nuclear sites has also prevented verification of Iran's enriched uranium stockpile. Security Council consideration may permit sanctions or asset freezes, subject to veto power.
September 9, 2026
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Merchandise export growth amid global uncertainty signals strengthening trade performance and expanded trade potential with BRICS partners.
Merchandise export growth is estimated at about 15 per cent for April-August of the fiscal year despite global uncertainty and softening international trade. Potential exists for expanded trade in goods and services between India and BRICS economies. Official August export and import data are scheduled for formal release by the commerce ministry, while both exports and imports recorded growth during April-July.
September 9, 2026
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Money laundering cognizance follows allegations of criminal proceeds being routed through benami accounts and portrayed as legitimate property.
Cognizance of a prosecution complaint for money laundering was taken against the principal accused and co-accused, with summonses issued. The material prima facie indicated generation of proceeds of crime through alleged fraudulent conduct and their projection as untainted property. The alleged mechanism involved benami accounts, use of devotees' identity documents without consent, and routing of funds through bank accounts, a cooperative credit society and family members' accounts. Co-accused were alleged to have aided and abetted the laundering activities.
September 9, 2026
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Comparable GST tax base governs revenue growth calculations, excluding discontinued compensation cess from year-on-year comparisons across different levy structures.
GST revenue growth must be calculated on a comparable tax base using the same levies for both periods. CBIC treats year-on-year growth based on Central GST, State GST and Integrated GST as the appropriate comparison and considers the inclusion of compensation cess from a different levy structure misleading. Compensation cess was discontinued except for tobacco and related products from 22 September 2025, with the remaining tobacco-related cess removed from 1 February 2026. Revenue tables separately display cess, while growth calculations use the corresponding GST tax base.
September 9, 2026
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Aadhaar-registration mismatch resolution permits manual vehicle service applications after identity verification and registration record correction where needed.
Aadhaar-registration certificate mismatches affecting vehicle-related services may be resolved through manual acceptance and processing of applications after verification of identity documents. Where the owner's name or address differs, officials may examine Aadhaar, voter identity card, PAN card or passport, correct the registration certificate, and process vehicle transfers or no-objection certificate applications. Owners may alternatively update Aadhaar details where required by the online system. Relevant documents must be scanned and preserved before subsequent processing.
September 9, 2026
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Money-laundering investigation: searches, seizures and account freezing followed allegations of dubious transactions, bitcoin purchases and inflated newspaper circulation.
Prevention of Money Laundering Act proceedings concerned allegations of dubious account transactions by a newspaper publisher and entities linked to its director. Investigative scrutiny alleged substantial cash deposits, closure of accounts after cash deposits, bitcoin purchases from purportedly tainted sources without identifiable business rationale, and inflation of claimed newspaper circulation to obtain higher advertisement revenue. Searches led to seizure of documents and digital devices, while the publishing company's bank accounts were frozen.
September 9, 2026
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Industrial export promotion supports participation in international trade fair through collective displays, partner meetings, logistics assistance, and market-entry services.
INNOPROM.India International Industrial Trade Fair in New Delhi is scheduled to facilitate trade, technology engagement and commercial cooperation between Moscow-based industrial enterprises and Indian customers. A Moscow collective stand will feature high-technology products and solutions, while participating companies will engage potential customers. Export-support arrangements include funding for exhibit transport and meetings with foreign partners. Wider support includes information, financial, insurance and logistics assistance, as well as digital access to expert advice, analytics, marketplace promotion assistance and online training.
September 9, 2026
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Bitcoin transactions from allegedly tainted sources trigger scrutiny over unexplained business rationale and suspected money laundering.
Enforcement action under the Prevention of Money Laundering Act involved searches of premises linked to a publishing company, associated entities, directors and a promoter, with bank accounts frozen. Account scrutiny allegedly identified cash deposits, closed accounts and Bitcoin purchases from tainted sources without identifiable business rationale. The investigation also alleged inflation of newspaper circulation figures to misrepresent readership and obtain higher advertising revenue, in connection with an FIR alleging communal disharmony and dubious account transactions.
September 9, 2026
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Bilateral trade and investment cooperation advances through market-access dialogue, business linkages, and a time-bound trade agreement review.
India and Thailand discussed expansion of bilateral trade and investment, stronger business-to-business linkages, trade-promotion activities, and wider market opportunities for enterprises. Progress in reviewing the ASEAN-India Trade in Goods Agreement was considered, with emphasis on time-bound engagement through the India-Thailand Joint Trade Committee. The discussions supported a balanced and mutually beneficial framework for greater market access, resolution of market-access issues, and stronger regional and global supply-chain linkages.
September 9, 2026
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Money-laundering investigation scrutiny: alleged disguised consultancy payments prompted calls for an anti-corruption FIR against political figures.
The Enforcement Directorate sought an anti-corruption FIR against Pinarayi Vijayan, Veena T, P. A. Mohamed Riyas and others on material gathered during a money-laundering investigation. It alleged that Cochin Minerals and Rutile Ltd made fraudulent payments to Exalogic Solutions, Veena's now-defunct company, under the guise of IT consultancy services. Vijayan criticised the investigation as politically motivated and as an attempt to target the cooperative sector.
September 9, 2026
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Evidentiary scrutiny of conflicting trading data governs review of alleged misleading buyback announcements and fraudulent trading practices.
Evidentiary scrutiny of conflicting historical trading data is required in the challenge to regulatory penalties arising from an alleged misleading open-market share buyback announcement. The Securities Appellate Tribunal must examine the discrepancy between the investigation report and exchange-furnished trading data, determine which data accurately reflects the trading position, and record specific findings on identified discrepancies. The allegations concern inadequate buy orders despite available sell orders, failure to utilise the prescribed minimum buyback size, and fraudulent conduct under unfair trade practices and buyback requirements.
September 9, 2026
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International crude oil price volatility increases fuel retailer under-recoveries, import costs, inflation pressures, and constraints on domestic rate transmission.
Elevated international crude prices, combined with unchanged retail petrol and diesel rates, have produced negative marketing margins for state-owned fuel retailers and under-recoveries on domestic LPG. India's reliance on imported crude increases exposure to a higher import bill, trade-balance pressure and currency weakness. Sustained crude-cost increases may feed into domestic inflation through fuel, transport and energy costs, while also raising input costs for oil-sensitive industries and constraining monetary easing if inflation broadens.
September 9, 2026
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Multi-lender digital lending platform centralises borrower onboarding, disclosures and lender selection while maintaining transparent credit offer comparisons.
Pye is a multi-lender digital lending platform that matches retail borrowers with regulated lending partners according to credit need, loan type and timeline. It centralises know-your-customer compliance, documentation and disclosures, avoiding repeated borrower processes across applications. Available offers are to be displayed neutrally, with pricing, terms and annual percentage rate disclosed before a borrower proceeds. Borrower data is shared only with lenders selected for an application, while the platform is intended to make credit access available through broader digital-service channels.
September 9, 2026
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Fintech-enabled financial inclusion advances through digital payments, MSME credit access, responsible innovation, and trust-centred financial safeguards.
Fintech expands financial inclusion through digital payment and banking infrastructure, enabling customers to transact, save and borrow through accessible channels. It improves efficiency through faster account opening and payment settlement, lower transaction costs, AI-driven fraud detection and real-time supervision. Cash-flow-based lending, account aggregators and the Unified Lending Interface support collateral-light formal credit for micro, small and medium enterprises. Regulatory engagement supports self-regulation, digital public infrastructure and responsible innovation while safeguarding trust, safety, inclusion, fairness and efficiency.
September 9, 2026
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Virtual asset AML/CFT compliance requires registration, reporting and record keeping, with non-compliant providers facing access takedown notices.
Virtual Digital Assets Service Providers operating in India, whether offshore or onshore, must register with FIU-IND as reporting entities when undertaking specified virtual-asset activities. Their obligations are activity-based and include registration, reporting, record-keeping and other requirements under the PMLA and rules made under it. Notices under the PMLA were issued to fifteen providers for non-compliance, accompanied by notices seeking takedown of their applications and URLs from public access.
September 9, 2026
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Startup and skills mission expands entrepreneurship training, formal employment pathways, export facilitation, and government-service advancement opportunities.
The Chief Minister Startup and NIPUN Mission promotes youth employment, skill development, entrepreneurship, innovation and technology-based industries through entrepreneurship centres, technology laboratories, industry excellence centres and a job engine aligned with industry requirements. The Export Promotion Policy strengthens export infrastructure, market access, trade facilitation and value-added agricultural and industrial exports. The maximum age limit for eligible government and allied personnel applying for other government services or higher posts has also been increased.

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Boilers Bill, 2024 introduced in Rajya Sabha

August 8, 2024

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New Bill to replace a century old law

Boilers Bill to improve trust by decriminalising offences

3 out of 7 offences decriminalised, speedy redressal for all non-criminal offences

Obsolete provisions removed to enhance Ease of Doing Business

New Act to prioritise safety of workers

The Boilers Bill, 2024 was introduced in Rajya Sabha today by Union Minister for Commerce and Industry Shri Piyush Goyal. It repeals the Boilers Act, 1923 (5 of 1923).

Earlier, the Cabinet chaired by Prime Minister, Shri Narendra Modi on 2nd August, 2024 had approved repealing of the existing Boilers Act, 1923 and introduction of “Boilers Bill, 2024” in the Parliament. The salient features of the Bill are as under:

It has been drafted as per modern drafting practices to give more clarity to the provisions of the Bill. The similar provisions which are at different places in the Boilers Act,1923 have been grouped together in six chapters for easier reading and understanding of the Act. All the functions/powers of the Central Government, State Governments and Central Boilers Board have been enumerated in detail to avoid any confusion. 

For Ease of Doing Business (EoDB), the Bill will benefit boiler users including those in MSME sector as provisions related to the decriminalisation have been incorporated in the Bill. Out of the seven offences, to ensure safety of boilers and personnel dealing with boilers, in four major offences which may result in loss of life and property, criminal penalties are retained. For other offences, provision is being made for fiscal penalty. Moreover, for all non-criminal offences ‘fine’ has been converted into ‘penalty’ to be levied through executive mechanism instead of courts as existed earlier.

The proposed bill will enhance safety as specific provisions have been made in the Bill to ensure the safety of persons working inside a boiler and that repair of boiler is undertaken by qualified and competent persons.

Background

The Government of India is examining all the pre- constitution Acts from the point of view of their suitability and relevance in the current times.

The Boilers Act, 1923, a pre-constitution Act, deals with the safety of life and property. Hence, it is important to continue with the enactment by reviewing the provisions of the existing Act and introduction of a new Boilers Bill, 2024 in Parliament. 

The Boilers Act, 1923 was comprehensively amended in the year 2007 by the Indian Boilers (Amendment) Act, 2007 wherein inspection and certification by independent third party inspecting authorities was introduced. However, on further examination of the existing Act, a need has been felt for review of the Act and also to incorporate the decriminalised provisions in consonance with the Jan Vishwas (Amendment of Provisions) Act, 2023.

The existing Act has, accordingly, been reviewed wherein redundant /obsolete provisions have been omitted and certain substantive enabling provisions have been made for the rules and regulations which were not earlier provided. Certain new definitions have also been incorporated and few existing definitions have been amended so as to give more clarity to the provisions of the Bill. (details given in enclosed Annexure) 

Annexure

Salient features of the Boilers Bill, 2024

Act has been divided into six chapters and provisions have been rearranged chapter wise. (In existing Act there are no chapters and similar provisions are at different places).

Following redundant/obsolete provisions in the Boilers Act,1923 have been omitted;

Section 1(2): Applicability of Act to the whole of India,

Section 2A: Applicability of Act to feed-pipes, and

Section 2B: Applicability of Act to Economiser.

Following new definitions have been incorporated in the Clause -2 of the Boilers Bill, 2024: 2(k): notification, 2(p): regulations, 2(q): State Government.

Following definitions have been amended in the Clause -2 of the Boilers Bill, 2024 in line with provisions in the Act: 2(d): Boiler component, 2(f): Competent Authority, 2(j): Inspecting Authority.

Decriminalization provisions for the Boilers Act,1923 as contained in the Jan Vishwas (Amendment of Provisions) Bill, have been incorporated in clauses 27, 28, 29, 30, 31, 39 & 42 and two new clauses namely, 35 (Adjudication) & 36 (Appeal) have been incorporated in the Boilers Bill, 2024. Accordingly, for non-criminal offences ‘fine’ has been converted into ‘penalty’ (Clauses: 27, 28, 30(1) and 31).

Following provisions have been incorporated in the Bill for making substantive enabling provisions for the rules and regulations existing in the Act: Clauses, 3(7), 5(8), 10(1)(f), 10(2), 11(2), 12(9), 23(4) & 32(2).

Power of Central Government to make rules (clause 39); Power of Board to make regulations (clause 40) and   Power of State Government to make rules (clause 42) in the Bill have been enumerated in detail, in line with different provisions in the Bill.

Following new provisions have been incorporated in the Bill:
(i) Clause 43 (Power to remove difficulties): For removal of any difficulty in giving effect to the provisions of the Boilers Act, 2024 within a period of three years

(ii) Clause 44 (Repeal and Saving): For saving different rules, regulations, orders etc. under the Boilers Act,1923 till new rules, regulations, orders etc. are notified under the re-enacted Boilers Act, 2024.

Redrafting of different clauses done as per current drafting practices and referencing of different provisions incorporated.

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Acts Income Tax