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    DRI seizes around 740 kg cannabis and charas in operations across country as it intensifies crackdown on illegal cannabis trafficking; 13 persons arre...
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September 9, 2026
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Illicit cannabis trafficking enforcement targets concealed consignments across road, rail and air routes, using seizures and arrests under narcotics law.
Directorate of Revenue Intelligence operations targeting illicit narcotic drug trafficking resulted in the seizure of around 740 kg of cannabis, high-grade hydroponic cannabis and charas, and the arrest of 13 persons under the NDPS Act, 1985. Road-based interceptions involved drugs concealed in trucks and cars, including loading areas, floor cavities and secret compartments. Rail and air-route interdictions addressed passenger-based trafficking, including charas concealed on train passengers and high-potency cannabis carried by passengers arriving on international flights.
September 9, 2026
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Portfolio management services introduce credit-focused strategies with custody, valuation, disclosure and risk safeguards for eligible investors.
Yubi PoleStar is a SEBI-registered portfolio management service offering credit-focused strategies for income, liquidity, long-term wealth creation and bespoke multi-asset portfolios. Investment selection and monitoring use a six-gate credit architecture, weighted credit-risk assessment, investment committee oversight, independent valuation and segregated client custody. SEBI registration does not guarantee performance or returns. Investments involve market, credit and liquidity risks, including loss of principal, and are subject to the disclosure document, prescribed minimum investment requirement and applicable accredited-investor relaxations.
September 9, 2026
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Advance licensing sugar refiners redirect export-oriented refined sugar to domestic sales to increase supply and restrain prices.
Advance licensing scheme sugar refiners are required to divert refined white sugar, produced from imported raw sugar ordinarily intended for export, to the domestic market to augment supplies. Domestic sugar-price management also includes duty-free sugar imports, tighter stockholding limits for bulk users and dealers, and restrictions on sugar exports. These measures operate against revised production estimates, projected domestic demand, available stocks, and concern over price increases by sugar mills.
September 9, 2026
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Zero-coating TitaniumSteel cookware uses NanoFusion surface engineering to deliver naturally non-stick, high-heat, metal-utensil-compatible cooking performance.
SuperPan introduces TitaniumSteel, a titanium-and-stainless-steel material engineered through a patent-pending NanoFusion process for uncoated, naturally non-stick cookware. Titanium is permanently fused with stainless steel, and microscopic surface texturing is designed to retain a thin oil film without a synthetic non-stick layer. The five-ply construction is described as supporting durability, high-heat cooking, metal-utensil use and food release without PTFE, PFAS or other synthetic coatings.
September 9, 2026
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State-funded welfare schemes do not alone establish exclusionary conduct when fare benefits influence passenger choice and private operator revenues.
State-funded free travel for eligible passengers on specified public transport services does not ordinarily attract competition-law scrutiny merely because private operators lose passengers or revenue. Passenger preference arising from a fare concession, where the State bears the cost, does not by itself establish abuse of dominance, denial of market access, or unfair or discriminatory conditions. Differential commercial impact must be accompanied by independent exclusionary or unfair market conduct to constitute a competition-law contravention.
September 9, 2026
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Energy security cooperation broadens across fuels, nuclear power, critical minerals, electrification, and alternative logistics amid market disruption.
Energy security cooperation between Russia and China covers oil, gas, coal, nuclear power, renewable generation, battery storage, electricity grids, critical minerals, transport electrification and alternative logistics. Supply-chain resilience is linked to diversified fuel supplies, strategic oil reserves, mineral access and reduced dependence on vulnerable transport corridors. Alternative routes are presented as reducing delivery times and logistics costs, while bilateral settlements in national currencies support the wider economic relationship amid trade disruption, currency volatility and energy-market uncertainty.
September 9, 2026
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Digital savings account opening through video KYC enables remote onboarding, immediate transactions, and paperless customer service.
Digital savings account opening through video KYC enables remote onboarding without a branch visit, physical paperwork, or printed forms. Individuals holding valid Aadhaar and PAN may submit basic particulars, complete a live video interaction, upload identity documents digitally, select account preferences, and activate the account for transactions. Video Banking also provides live assistance for KYC completion, account queries, and service requests. Savings deposits earn daily balance-based interest paid monthly, with tiered rates, while a digital calculator estimates prospective interest earnings using current rate slabs.
September 9, 2026
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AI-enabled credit assessment uses alternative financial data to support inclusive lending, compliance, fraud controls, and customer servicing.
Agentic AI-enabled credit assessment uses alternative financial and commercial data to support formal credit access, including rural payment records, UPI transactions, GST data, trade data and banking data. Lending functions include automated assessment, AI-assisted underwriting, data intelligence and document processing. AI applications also support fraud and anti-money-laundering investigations, data-protection compliance, insurance operations, customer servicing and collections actions subject to compliance and policy guardrails.
September 9, 2026
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Supply-chain interoperability and flexibility can convert logistics infrastructure into strategic resilience amid changing trade routes and demand.
Supply-chain flexibility, interoperable data systems and strategic use of logistics infrastructure are central to the next phase of logistics development. Flexible warehousing can help businesses adjust capacity to changing demand and inventory needs, while specialised third-party logistics providers may add sector-specific value. Digital integration is necessary before artificial intelligence can effectively support forecasting, visibility and route planning. Geopolitical disruption also increases the importance of inventory optionality, rerouting capacity, Special Economic Zones and Free Trade Warehousing Zones.
September 9, 2026
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Reciprocal trade restrictions bar dairy, alcohol, motorcycles, and procurement access after retaliatory import tariffs escalate bilateral dispute.
United States trade measures prohibit Canadian dairy products, most alcoholic beverages and motorcycles, and exclude Canadian products from large, long-term government contracts until full and fair reciprocity is available for American products. Canada has imposed retaliatory tariffs on hundreds of American goods, maintaining that countermeasures are necessary where Canadian businesses face United States tariffs. The dispute has prompted Canada to pursue domestic investment, infrastructure development and trade diversification, including exploration of closer European Union cooperation.
September 9, 2026
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Government procurement reciprocity excludes Canadian products from long-term contracts as retaliatory tariffs intensify the bilateral trade dispute.
Government procurement reciprocity has been invoked to make Canadian products ineligible for large, long-term United States government contracts until "full and fair reciprocity" is afforded to American products. Canada has imposed retaliatory tariffs on hundreds of American products to prevent tariff-free entry of those goods while Canadian businesses remain subject to United States tariffs. Canada also identifies trade diversification, domestic investment, infrastructure development and deeper European Union cooperation as measures to reduce economic dependence and preserve policy autonomy.
September 8, 2026
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Strategic equity investment in AI video technology supports expanded enterprise automation, personalised communication, and startup innovation collaboration.
Bajaj Finance acquired a 5% equity stake in TrueFan AI through Finserv Intelligence, an applied research and innovation initiative supporting scalable technology enterprises. The investment follows existing use of TrueFan AI's platform for personalised customer engagement and dealer enablement. The parties intend to expand collaboration in personalised marketing, high-volume video generation, live-avatar assistance, multilingual communication, learning and development, and digital onboarding. The partnership combines equity participation with development of technological capabilities and long-term strategic value.
September 8, 2026
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Corporate share transaction validity was sustained after allegations of altered control and financial impropriety were rejected in prolonged proceedings.
The National Company Law Appellate Tribunal set aside the Tribunal's decision after considering historical corporate records and contemporaneous material, rejecting allegations of financial impropriety concerning the private placement and share transfers. It upheld the relevant corporate decisions and transactions. The Supreme Court declined to interfere with the appellate determination, concluding the prolonged challenge brought by Bhagwati Developers Private Limited.
September 8, 2026
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PMLA information-sharing enables a police FIR request over alleged bribery, sham consultancy payments, and suspected fund routing.
Enforcement Directorate used PMLA information-sharing powers to seek a police FIR over alleged bribery, sham consultancy payments, and laundering of funds linked to CMRL and Exalogic Solutions. The allegations concern purported payments for IT consultancy services, use of Exalogic Solutions as a corporate vehicle for routing payments, and alleged transfers of funds to Dubai. The investigation also draws on allegations of fictitious corporate expenditure that generated cash for unlawful payments.
September 8, 2026
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PMLA information-sharing in alleged consultancy payments enables police FIR registration and potential money-laundering proceedings thereafter.
Section 66(2) of the Prevention of Money Laundering Act permits the Enforcement Directorate to share criminal-investigation findings with law-enforcement agencies for registration of a fresh FIR or complaint. A police case registered on that information can form the basis for a PMLA case. In the reported investigation, FIR registration was sought on evidence gathered during the PMLA probe and searches concerning alleged consultancy payments.
September 8, 2026
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Governance and risk oversight gain focus as strategic advisers support institutional-grade alternative credit operations for MSMEs.
Strategic Advisory Board appointments add Mr. Rajaram and Mr. Bala Swaminathan to UpTik's advisory leadership for its invoice discounting and alternative credit operations. Their respective experience in structured finance, regulatory compliance, banking operations, treasury and institutional finance is intended to strengthen governance, risk oversight, compliance, credit-management frameworks and institutional partnerships. The appointments support expansion of transparent and responsible alternative credit access for MSMEs.
September 8, 2026
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Homebuyer claims and delayed possession require a comprehensive proposal, while frozen accounts remain unavailable for insolvency operations.
Proceedings concerning delayed real-estate projects require a fresh comprehensive proposal addressing possession, refunds, delayed-possession compensation, and enforcement-related claims of all homebuyers across the developer's group entities. An inadequate proposal may lead to appointment of a High-Powered Committee to assume relevant responsibilities. Frozen bank accounts remain under restraint, and a request by the Insolvency Resolution Professional to operate an account for company affairs was not entertained. The proceedings also raise concerns over enforcement of real-estate regulatory directions and protection of homebuyers facing prolonged delays.
September 8, 2026
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Crude oil price volatility heightens India's import, inflation and fuel-retailer margin pressures amid West Asia supply disruptions.
Elevated crude prices arising from West Asia supply and maritime-transit risks increase India's oil import costs and may pressure the trade balance and currency. Higher international crude prices can feed into domestic inflation through fuel, transport and energy costs, depending on domestic price pass-through and the duration of the increase. Retail fuel-price restraint may compress fuel-retailer margins and increase LPG under-recoveries. Refiners, distributors, airlines, petrochemical businesses and other energy-intensive sectors also face higher costs, particularly where crude, LPG and naphtha supplies depend on regional transit flows.
September 8, 2026
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Alternative investment fund private placements require eligible investors and governing offering documents, with market-risk and no-advice disclosures.
Alternative Investment Fund units are not offered through public solicitation. Subscriptions, purchases or dealings in units may occur only by private placement to eligible investors and on the terms of the relevant private placement memorandum and constitutive documents. The material is not investment advice or a recommendation concerning securities or companies. Securities-market investments carry market risk, and past performance does not assure future results. Category III fund management is also associated with investment-process assessment, risk governance and institutional infrastructure.
September 8, 2026
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PMLA information-sharing mechanism triggers requested corruption FIR based on alleged consultancy payments and suspected proceeds of crime.
The requested police case concerns allegations that CMRL made fraudulent payments to Exalogic Solutions, a now-defunct company, by representing them as consideration for IT consultancy services. The investigation also alleged generation of proceeds of crime by CMRL management and persons connected with the recipient company. Searches reportedly resulted in seizure of handwritten notes containing details of certain fund transfers to Dubai.

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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