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    Net direct tax collection grows 23 pc to Rs 8.11 lakh cr so far this fiscal
    National Accreditation Board for Testing and Calibration Laboratories Launches India’s First Accreditation Scheme for Mobile Food Testing Laboratori...
    Commerce and Industry Minister Shri Piyush Goyal awards top buyers and sellers on GEM platform at the 10th Anniversary celebrations of GEM
    PolicyBazaar working with partners to fast-track Assam flood insurance claims
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    Parliament passes The Bankers' Books Evidence Bill, 2026
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August 11, 2026
Show AI Summary
Direct tax collections show stronger corporate, non-corporate and securities transaction tax receipts, alongside increased refunds during the fiscal period.
Net direct tax collections grew by 23.09 per cent to over Rs 8.11 lakh crore up to August 10 of the current fiscal year, while gross direct tax collections increased by 19.75 per cent to about Rs 9.55 lakh crore. Corporate tax, non-corporate tax including personal income tax, and Securities Transaction Tax receipts recorded growth. Refunds issued between April 1 and August 10 also rose over the corresponding earlier period. Direct tax collections are budgeted at Rs 26.97 lakh crore for the fiscal year.
August 11, 2026
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Mobile food testing laboratory accreditation expands quality-assured testing access and supports coordinated food-safety surveillance and regulatory efficiency.
NABL has launched an Accreditation Scheme for Mobile Food Testing Laboratories under the Integrated Assessment Programme. The framework enables mobile laboratories to provide reliable, quality-assured and internationally benchmarked food-testing services closer to communities, extending accredited testing beyond conventional laboratory settings. It is intended to strengthen food-safety surveillance, improve access to quality testing, support faster regulatory intervention and enhance consumer confidence. Coordinated assessments, regulatory harmonisation and mutual recognition are also intended to reduce duplication and improve regulatory efficiency while maintaining quality and compliance standards.
August 11, 2026
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Digital public procurement will expand AI-led price intelligence, marketplace integrity, inclusive access, credit linkages and sustainable purchasing.
Government e-Marketplace is advancing an AI-enabled public procurement ecosystem focused on efficiency, transparency, competition, price intelligence and marketplace integrity. Priorities include last-mile access through Suvidha Kendras, integration of public entities, credit linkages, sustainable procurement and university outreach. A nationwide five-digit Helpdesk short code, 14550, mapped to existing infrastructure, is intended to maintain service continuity and improve access to support and official communications. The platform seeks to provide enterprises with a more accessible and predictable procurement market and buyers with a data-driven procurement experience.
August 11, 2026
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Expedited flood insurance claims require insurers and partners to simplify documentation and provide immediate service to affected policyholders.
Expedited insurance-claim handling for flood-affected policyholders in Assam is being pursued through simplified documentation, prompt settlement and immediate service response. PolicyBazaar is coordinating with insurer partners to reduce processing delays. The Insurance Regulatory and Development Authority of India has directed insurers, including life insurers and standalone health insurers, to mobilise resources for immediate assistance, alongside governmental efforts for expeditious and hassle-free claim disposal.
August 11, 2026
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Money laundering investigation in alleged liquor scam leads to arrest and proposed custodial-remand proceedings under anti-money-laundering law.
Money laundering investigation concerning an alleged liquor scam in Chhattisgarh led to the arrest of Congress leader Ramgopal Agrawal under the Prevention of Money Laundering Act. Custodial remand is to be sought for interrogation. The allegations concern an alleged syndicate that purportedly controlled the state excise department, enabled illegal liquor sales and distributed resulting commissions. Chargesheets name political figures, excise officials and officials associated with the Chief Minister's Office.
August 11, 2026
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Money-laundering investigation into an alleged liquor scam leads to arrest and proposed custodial interrogation under the prevention law.
Money-laundering investigation under the Prevention of Money Laundering Act concerns an alleged liquor scam in Chhattisgarh. A former state political party treasurer has been arrested for alleged involvement and is to be produced before a local court for a request for custodial interrogation. The alleged scheme is stated to have involved control of the state excise department by a criminal syndicate, with multiple accused named in six chargesheets.
August 11, 2026
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Immediate FIR registration for every missing person is mandatory, with missing children treated as suspected kidnapping or abduction cases.
Immediate FIR registration is required whenever information is received that any person is missing, irrespective of age or gender, without preliminary inquiry. Missing-person FIRs must include relevant provisions concerning kidnapping and trafficking. A missing child must be treated from the outset as a suspected case of kidnapping or abduction. States and Union Territories may face contempt action for non-compliance. Traced children should ordinarily be restored to their families within 24 hours unless trafficking or exploitation by the family is suspected.
August 11, 2026
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Money-laundering investigation targets alleged chit-fund collections, investor-fund diversion, concealed deposits, and irregular land transactions.
Money-laundering investigation into an alleged multi-state chit-fund scheme involved searches at premises linked to Wellfare Buildings and Estates Pvt Ltd and its directors, seizure of cash, vehicles, property-related records and digital devices, and freezing of bank accounts. The alleged scheme concerns unauthorised public-fund collection through land-allotment schemes, followed by closure of operations. Allegations include diversion of investor funds, manipulation of financial statements to conceal deposits, and irregular land transactions intended to suppress actual consideration and evade statutory obligations.
August 11, 2026
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Rupee exchange-rate pressure intensified as crude oil, regional uncertainty and weaker equities constrained the local currency in early trade.
Foreign-exchange market conditions placed the rupee under pressure against the US dollar amid West Asia uncertainty, higher crude oil prices, and weaker domestic equity markets. Foreign institutional investor inflows and Reserve Bank of India intervention supported the rupee and limited further depreciation. Reported dollar sales through state-run banks helped contain downside pressure despite rising Brent crude prices and uncertainty concerning the Strait of Hormuz.
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
Show AI Summary
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
Show AI Summary
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
Show AI Summary
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
Show AI Summary
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
Show AI Summary
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.

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Customs, DGFT & SEZ

Bharat Mobility Global Expo 2025 witnesses an overwhelming response

January 20, 2025

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Over 90 launches done on the first two days at Bharat Mandapam

The second day of Bharat Mobility Global Expo 2025 witnessed the launch of 56 new products from 22 different brands at Bharat Mandapam, Pragati Maidan, New Delhi and 5 launches at Yashobhoomi, Dwarka. Various advanced vehicles, cutting-edge mobility solutions, and the latest components were showcased ranging from super bikes, cars, to buses and even ambulances.

On the second day at Bharat Mandapam, VinFast Auto India announced the launch of its first two electric vehicles for the Indian market, the all-electric Premium SUVs, the VF 7 and VF 6.

BMW India launched the all-new MINI Cooper S John Cooper Works Pack at an ex-showroom price of Rs. 55,90,000 and BMW X3 at an ex-showroom price of Rs. 75,80,000 – Rs. 77,80,000. Additionally, BMW Motorrad India launched two new bikes in the Indian market, the new BMW S 1000 RR and the BMW R 1300 GS Adventure. The S 1000 RR super sport bike will be available in India at an introductory ex-showroom price starting from Rs. 21,10,000. While the R 1300 GS Adventure (Base) introductory ex-showroom price will start from Rs. 22,95,000.

JSW MG Motor India showcased 9 advanced models, launching MG Majestor. The showcased products include Hybrid Electric Vehicles (HEVs), Plug-in Hybrid Electric Vehicles (PHEVs), Battery Electric Vehicles (BEVs), and Internal Combustion Engine (ICE). Highlights included the IM5 sedan, IM6 electric SUV, MG HS PHEV, and MG7 Trophy Edition, showcasing cutting-edge technology and sustainable mobility​.

Eka Mobility showcased India’s largest ever range of electric commercial vehicles, which includes over 11 distinct platforms spanning electric buses, trucks, and small commercial vehicles (SCVs). Launching the brand new EKA- Connect for the Indian market. Their bus portfolio included EKA COACH, EKA 12M, EKA 9M, EKA LF (Low Floor), and EKA 9M. Electric Trucks include EKA 55T and EKA 7T, while EKA 3.5T, 2.5T, 1.5T, EKA 3W CARGO, EKA 6S, and EKA 3S were unveiled under their SCV Range.

BYD India launched BYD SEALION 7 Pure Performance eSUV at the Bharat Mobility Global Expo 2025. Additionally, BYD India also showcased the BYD SEALION 6, BYD Super Plug-in Hybrid EV with DM-i technology, and the stunning Yangwang U8.

JBM Electric Vehicles launched 4 all-new electric buses on the second day of the Auto Expo 2025, ranging from luxury coach, and medical mobile unit to electric tarmac coach, among others. Highlights of the launch were Galaxy; electric luxury coach, Xpress; an intercity bus, e-MediLife; Low Floor Electric Medical Mobile Unit, and e-SkyLife; 9-meter electric tarmac coach.

Montra Electric (TI Clean Mobility) launched ‘EVIATOR’ (e SCV) and Super Cargo (e 3-Wheeler) in the presence of the entire leadership team of the brand.

Hyundai Motor Company launched 2 concept models of advanced electric three-wheeler and micro four-wheeler on the second day. Along with exploring contributions to the last-mile mobility market in India together with TVS Motor Company Ltd. (TVS Motor).

Pinnacle Industries launched its next-generation ambulance range at the Bharat Mobility Global Expo 2025. The new range includes three cutting-edge ambulance models: AD-Gen Ultra, AD-Gen Ambulance, and Neonatal Ambulance.

Numeros Motors today launched its multipurpose and reliable e-scooter ‘Diplos Max’ at an introductory ex-showroom price (Bangalore) of Rs. 1,09,999, including the PM e-drive scheme. Alongside, the company unveiled another unique platform which will be India’s first Bike-Scooter Crossover.

India’s first solar electric car ‘Eva’ was launched today by Vayve Mobility, at an introductory price of Rs 3.25 lakh (ex-showroom). The solar electric car will be available in three different options: 9 kilowatt-hour (Whr), 12 kWhr and 18 k Whr with prices ranging between Rs 3.25 lakh (ex-showroom) and Rs 5.99 lakh (ex-showroom).

SML Isuzu launched the Hiroi.EV while presenting 4 other products including AASAI MX, Premium Hiroi Bus, ATS-125 Multi stretcher ambulance, and the Samrat XT Plus Tipper.

Cummins Group in India (“Cummins”) announced the launch of its next-generation HELM™ (Higher Efficiency, Lower emissions, Multiple fuels) engine platforms, with the high-performance L10 engine, along with, an advanced Hydrogen Fuel Delivery System (FDS) with Type IV on-vehicle storage vessels and the innovative B6.7N natural gas engine.

Godawari Electric Motors Pvt. Ltd. unveiled new additions to its product portfolio at the Bharat Mobility Global Show 2025. The company unveiled the Eblu Feo Z, Eblu Feo DX, and launched the Eblu Rozee ECO. The Eblu Rozee ECO is priced at INR 2,95,999/- (ex-showroom). To improve customer convenience, the company also announced the release of the EbluCare app. An innovative smartphone app called EbluCare has been designed to managing electric vehicles (EVs) easier.

Sarla Aviation unveiled its first-ever product and India’s first flying taxi- Shunya on the second day.

Motovolt Mobility unveiled a range of electric vehicles. The lineup includes the Hyper One, India’s first digital pedal motorbike, and the HUM NYC, a multi-utility speed pedelec tailored for demanding last-mile delivery needs. The versatile M7 and its sporty variant, M7 Rally, cater to both logistics and personal commuting, while the innovative CLIP, a portable e-bike conversion kit, enables seamless e-mobility for existing bicycles.

Olectra Green Tech Limited unveiled a 12-meter Blade Battery Platform, a 9-meter City Bus, 12-meter Coach Bus, and Blade Battery Chassis. These products are underpinned by cutting-edge technology and inclusive design.

Omega Seiki Pvt. Ltd. launched the M1KA 1.0 electric truck, priced at INR 6,99,000, at the Bharat Mobility 2025 exhibition. The company also unveiled the upcoming M1KA 3.0 model and presented the upgraded 2025 Stream City, a next-generation electric passenger vehicle.

On the first day of ‘The Components Show’, the exhibitors launched over 5 products and unveiled over 7 automotive solutions.

Amongst the launches, ICON Autocraft Private Limited introduced three cutting-edge automotive solutions: Truck Master, an advanced wheel alignment system for trucks and buses; SX 119 Pro Duo LNL, the ultimate tyre changer; and Advanced Driver Assistance Systems (ADAS) for cars.

Supreme launched advanced automotive audio products, including the: Morel Supremo Special Edition, a flagship speaker system featuring underhung voice coils and copper sleeves to reduce harmonic distortion, Morel New Active DSP Integration Solution, a compact amplifier that ensures seamless integration with OEM systems and Onkyo Range of Wiring Accessories for high-fidelity audio setups.

ASK Automotive showcased a range of cutting-edge products and technological advancements, including the launch of the AISIN ASK Product Range. AISIN ASK India Private Limited, a joint venture of ASK Automotive Limited, introduced innovative passenger car products for the Independent Aftermarket sector, marking ASK Automotive's debut in the 4-wheeler passenger car market across India, Nepal, Sri Lanka, and Bangladesh.

ZF announced the India launch of its next-generation digital fleet management platform, SCALAR which offers cutting-edge features to optimise the operations of commercial fleets, enhancing efficiency, safety, and sustainability for both passenger and cargo transport. They also showcased their X-by-Wire for the first time in India, enabling greater vehicle customization and enhanced safety features.

Bharat Mobility Global Expo 2025 is set to be a landmark event uniting the entire Indian automotive and mobility ecosystem under one roof. Scheduled from January 17th to 22nd, 2025, across three premier venues—Bharat Mandapam in New Delhi, Yashobhoomi in Dwarka, and India Expo Mart in Greater Noida. The inauguration at Bharat Mandapam, New Delhi, was done by Hon’ble PM Shri Narendra Modi. The expo is spanning over 200,000 square meters, featuring 1,500+ exhibitors and attracting over 500,000 visitors. Organized by EEPC in collaboration with leading industry associations such as SIAM, ACMA, ICEMA, ATMA, IESA, NASSCOM, ISA, MRAI, and CII, the event brings together key players from sectors including automotive manufacturing, e-mobility, construction equipment, battery technology, urban mobility, and software innovation, offering a comprehensive showcase of India's mobility value chain. Distinguished by its nine concurrent shows, 20+ conferences, and exclusive pavilions on sustainability, decarbonization, and technology, Bharat Mobility highlights cutting-edge advancements while fostering collaborations. Visitors can register free of charge through dedicated mobile apps, making the event a must-attend for industry professionals and enthusiasts alike.

EEPC India, established in 1955, is the premier trade and investment promotion organization for the Indian engineering sector, sponsored by the Ministry of Commerce & Industry, Government of India. Over its 69-year history, EEPC has played a pivotal role in driving India’s engineering exports, growing from a modest $10 million in 1955 to USD 109.32 billion in FY 2023-24. It is recognized as a model Export Promotion Council (EPC) by the Union Ministry of Commerce and Industry. With a membership base of approximately 9,500, predominantly MSMEs, EEPC India facilitates global business integration through activities like Buyer-Seller Meets (BSMs), Reverse BSMs, and participation in international exhibitions. Flagship events such as the International Engineering Sourcing Show (IESS) and the Indian Engineering Exhibition (INDEE) showcase India’s engineering capabilities globally. Committed to advancing industry standards, EEPC India supports technology upgrades, engages with policymakers, and provides insights through reports and studies, including the Export Strategy Paper 2023, outlining a roadmap to achieve USD 300 billion in engineering exports by 2030.

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