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    SC gives Parsvnath Developers one week to deposit dues to homebuyers, warns next step is jail
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    July 20, 2026
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    Homebuyer order enforcement requires developer to deposit recoverable dues with interest, with imprisonment warned for continued non-compliance.
    Final homebuyer compensation and possession-related directions were enforced by requiring the developer and its officials to deposit the entire recoverable amount with annual interest in the court registry within one week. Existing asset freezes were to continue, and continued non-compliance could lead to imprisonment. The purchasers had obtained final regulatory compensation directions, but execution proceedings, notices and warrants had not resulted in payment or possession. Third-party rights and transfer of possession were restrained pending compliance.
    July 20, 2026
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    Foreign-exchange market pressure weakened the rupee as crude prices, geopolitical risk and dollar strength increased, with intervention offering support.
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    July 20, 2026
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    Parental consent in APAAR enrolment requires a genuine opt-out option and compliance with personal data protection safeguards.
    APAAR consent procedures were questioned because a scheme described as voluntary may effectively require Aadhaar enrolment and condition educational access on an academic identifier. The Orissa High Court direction required the model consent form to give parents an express option to refuse consent or opt out before enrolment. Concerns included informed parental consent, withdrawal of consent, long-term storage of children's educational records and privacy protections. Educational circulars remain subject to the Digital Personal Data Protection Act, and any data-processing framework must comply with applicable consent requirements.
    July 20, 2026
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    Agricultural export facilitation supports frozen potato product market access through trade promotion and state logistics assistance for exporters.
    Agricultural export facilitation supported the first export of frozen French fries from Uttarakhand to Iraq, promoting value-added agricultural exports and processed food market access. APEDA assisted the exporter through international trade exhibitions for buyer engagement and market outreach. Logistics costs affecting landlocked-state exports are being addressed through work on a State Agri Export Policy, including transport assistance provisions to improve competitiveness, strengthen export infrastructure and support participation in export-oriented agricultural supply chains.
    July 20, 2026
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    Responsible business conduct requires credible ESG disclosures, sector-specific reporting, supply-chain due diligence and inclusive MSME participation for sustainable development.
    Responsible business conduct and ESG integration were presented as constitutional and legal obligations connected with environmental protection, social equity, human dignity and sustainable development. ESG was discussed as extending beyond compliance to support resilience, risk management and sustainable innovation. Key priorities included credible, comparable and reliable disclosures; sector-specific reporting responsive to materiality and data gaps; responsible value-chain due diligence; MSME capacity-building; technology-enabled traceability; credible assurance; and rigorous, comparable environmental metrics. Capacity-building, policy research and partnerships were identified as important to advancing inclusive ESG adoption.
    July 20, 2026
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    Intelligence-led anti-smuggling enforcement disrupts narcotics, illicit tobacco and cross-border arms trafficking through coordinated seizures and arrests.
    Intelligence-led operations addressed narcotics smuggling, illicit tobacco trade and cross-border arms trafficking. Methamphetamine allegedly smuggled from Myanmar and pseudoephedrine intended for illegal export were seized, with arrests made under the NDPS Act, 1985. An import container falsely declared as carrying plastic storage boxes contained smuggled foreign-made cigarettes. Drone-dropped parcels containing Pakistan-made pistols were recovered near the international border and handed to jurisdictional police for action under the Arms Act, 1959.
    July 20, 2026
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    Precious-metals smuggling enforcement targets concealed gold transport, illicit sale proceeds and airport insider facilitation networks.
    Organised precious-metals smuggling was targeted through intelligence-led operations involving seizures of foreign-origin gold, silver and cash believed to represent sale proceeds, with arrests of persons allegedly connected with possession, transport and facilitation of smuggled goods. The operations addressed concealment in luggage-frame rods, undergarments and specially fabricated vehicle cavities, and included alleged airport-staff assistance in clandestinely removing smuggled gold during passenger transit.
    July 20, 2026
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    India-EU economic cooperation advances through FTA implementation, investment facilitation, digital partnerships, manufacturing collaboration and market-access discussions across Europe.
    India advanced economic engagement with European partners through discussions on trade, investment, technology cooperation, manufacturing, digital infrastructure and market access. The engagements emphasised early signing and implementation of the India-EU Free Trade Agreement, investment protection, geographical indications, regulatory cooperation and professional mobility. Cooperation initiatives included digital payments interoperability, artificial intelligence, advanced manufacturing, clean energy, cybersecurity, fintech, telecom, research and supply-chain resilience. European businesses were encouraged to establish India as a manufacturing, innovation and export hub, including through opportunities for MSMEs, startups and future-oriented sectors.
    July 19, 2026
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    Russian oil purchase tariffs would target major buyers and sanctions-evasion facilitators, with specified energy, nuclear and cooperation exemptions.
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    July 18, 2026
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    Corporate governance and asset quality improvements accompany stronger banking profitability amid continuing leadership reappointment considerations.
    Banking-sector performance reporting records higher profitability, improved asset quality and lower provisions for bad loans, although operating profit declined and capital adequacy moderated. Corporate governance developments include appointment of a part-time chairman following the former chairman's resignation and concerns about internal practices. The chairman's prior financial-services role was associated with actions against shell companies and ponzi schemes targeting black-money structures. Reappointment of the managing director and chief executive officer remains subject to committee consideration.
    July 18, 2026
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    Covid business loan fraud involved inflated turnover, duplicate applications, personal diversion, and criminal sentencing with recovery action.
    Covid business loan fraud involved false Bounce Back Loan applications based on inflated turnover, duplicate claims, and false declarations that funds would be used solely for business purposes. The loan proceeds were diverted to personal accounts for personal debts, personal finance, stocks and shares, and transfers between company accounts. The borrower pleaded guilty to fraud offences, received a custodial sentence, and faces recovery proceedings for the fraudulently obtained funds under the Proceeds of Crime Act 2002.
    July 18, 2026
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    Onion export infrastructure: growers seek a Nashik export hub, dedicated terminal and logistics link to global markets.
    Onion growers seek development of Nashik as a National Onion Export Hub linked to the proposed agricultural market near Vadhvan port. The proposed framework includes an onion export terminal, grading, sorting, packing, quality testing and customs-clearance facilities, and rail, container and cold-chain logistics. Additional requests include a stable national onion export policy, support for processing industries, direct farmer producer organisation participation in exports, an export promotion cell, and a training, research and export-guidance centre.
    July 18, 2026
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    EXIM operations at Vizhinjam will establish an international cargo gateway while retaining open-access common-user port services.
    Full export-import (EXIM) operations at Vizhinjam International Seaport are scheduled to commence from August 18, transitioning the port from a transshipment hub into an international cargo gateway. The launch is intended to reduce logistics costs, improve supply-chain efficiency, enhance export competitiveness, and support investment and employment. The port will continue as an open-access, common-user facility serving shipping companies on an equal basis.
    July 18, 2026
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    India-Finland technology cooperation expands across digital infrastructure, sustainable manufacturing, research partnerships, investment, and emerging industrial technologies.
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    July 18, 2026
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    Alternative oil export routes aim to reduce Iraq's reliance on the Strait of Hormuz through pipeline investment and regional transit.
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    Consolidated fraud investigation requires specialised inquiry where an investor complaint forms part of an alleged shell-company network.
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    July 17, 2026
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    E-commerce export promotion supports Madhya Pradesh businesses through global marketplace access, exporter readiness, and a cross-border export roadmap.
    A memorandum of understanding supports Madhya Pradesh businesses, including MSMEs, entrepreneurs, direct-to-consumer brands, manufacturers, weavers, artisans and producers, in accessing international customers through the Amazon Global Selling programme. The collaboration will improve e-commerce export awareness, exporter readiness and knowledge sharing, while developing a state export roadmap with policy and infrastructure recommendations. It will also identify interventions relating to logistics, access to finance, payment reconciliation and regulatory enablers for cross-border exports.
    July 17, 2026
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    Russian oil purchase tariffs and tighter visa oversight reshape trade exposure and immigration compliance for foreign nationals.
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    July 17, 2026
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    Clean slate doctrine extinguishes uncrystallised operational claims and pending proceedings once an approved insolvency resolution plan becomes binding.
    The clean slate doctrine under the Insolvency and Bankruptcy Code is described as abating or extinguishing pending civil suits and arbitration involving pre-insolvency operational claims that had not crystallised into determinable and quantifiable amounts before resolution-plan approval. Claims must be submitted to and determined by the resolution professional, and only crystallised claims incorporated in the approved plan remain payable under its prescribed treatment. Once final, the creditor list and approved plan bind all stakeholders.

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      Investment of Rs 50,000 crore in 5 years for inland waterways announced at IWDC meet

      January 10, 2025

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      Guwahati, Jan 10 (PTI) The Inland Waterways Development Council (IWDC), the apex body for policy deliberation on inland waterways network in the country, on Friday, announced investments of more than Rs 50,000 crore over the next five years.

      The announcements to boost infrastructure along national waterways (NWs) were made at the second meeting of IWDC, organised by the Inland Waterways Authority of India (IWAI), at Kaziranga, a statement said.

      It includes a series of new initiatives across 21 Inland Waterways, worth more than Rs 1,400 crore.

      Presided by Union Minister of Ports, Shipping and Waterways Sarbananda Sonowal, the meeting mooted a major policy initiative in the form of Riverine Community Development Scheme to improve the socio-economic well-being of coastal communities by developing infrastructure, promotion of trade and tourism, providing skill enrichment training and upgrading traditional knowledge of river of the communities.

      Speaking on the occasion, Sonowal said, "We are attempting at rejuvenating the support system of inland waterways so that we decongest railways and roadways, and at the same time, provide a viable, economic, sustainable and efficient mode of transportation for both passengers and cargo operators." "At IWDC, we levelled up solutions to tide over challenges to unlock the opportunities for economic development. In this regard, we have aimed at launching 1,000 Green vessels," he said.

      Highlighting the focus of IWDC on employment generation and skill training, the Union minister said, "Major projects of upgrade in Inland Waterways Transport (IWT) have been conceived at the meeting. The government is planning to develop shipbuilding and ship repair facilities across all the NWs. This will reduce logistics costs, boost the ancillary industries, and encourage inclusion of riparian communities through employment opportunities." Highlighting the growth of inland waterways in the country, Sonowal said that from April to November 2024, NWs have recorded a growth of almost 7 per cent as compared to last year.

      Significant growth has been made in the last one decade in river cruise tourism and river cruise vessels have increased from three in 2013-14 to 25 in 2023-24, he added.

      "Through strategic regional projects and agreements with neighbouring countries such as Bangladesh, Nepal, Bhutan, Myanmar and others, we are facilitating regional trade and seamless transport connectivity in South Asia," he maintained.

      In a boost to IWT in Andhra Pradesh, the Union minister announced the setting up of six floating steel jetties on river Godavari (NW 4) at Gandipochamma Temple, Pochavaram, Perantapalli Village.

      A feasibility study on river Penna (NW 79) was also announced along with the DPR of NW 4 to get additional inputs for development, he said.

      For Assam, he announced the setting up of a Regional Centre of Excellence (RcoE) in Dibrugarh, which will incubate an ecosystem to train and develop manpower for the IWT sector.

      He also announced the design, construction, supply, testing and commissioning of 12 vessels while one survey vessel for river Barak (NW16), among other initiatives for the state.

      Sonowal announced ten community jetties on river Mandovi (NW 68), river Cumberjua (NW27) and river Zuari (NW111), and three additional jetties on river Sal (NW88) and river Chapora (NW25) for Goa.

      "Proposals for fairway maintenance in NW 68, NW 27 and NW71 have been approved. VTMS are also to be set up on all NWs of Goa," he added.

      Sonowal also launched two Quick Pontoon Opening Mechanism (QPOM), which will be deployed in Uttar Pradesh and Bihar.

      He announced the setting up of two jetties on river Yamuna (NW110) in Delhi and seven jetties on river Jhelum (NW49) for cruise tourism and urban transportation in Jammu and Kashmir.

      Sonowal also announced the operationalisation of river Chenab (NW 26) and river Ravi (NW84) for tourism.

      In Ladakh, two jetties and one green vessel are being set up on river Indus (NW46), he said.

      "These have been made possible as a result of increase in investments in national waterways since 2014. Legislative reforms such as the enactment of National Waterways Act 2016 and Inland Vessels Act 2021 have streamlined the safe and smooth movement of the vessels across the country," Sonowal maintained.

      The meeting was attended by Assam CM Himanta Biswa Sarma, MoS for Ports, Shipping and Waterways Shantanu Thakur, the Ports Minister of Goa and the Transport ministers of Assam, Manipur, Jammu and Kashmir, Mizoram and Arunachal Pradesh, among others. PTI SSG SSG RG

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