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    DRI seizes around 18 Kg Amphetamine and MDMA in two operations as it intensifies crackdown on synthetic drugs; Four persons arrested
    India–Chile CEPA Negotiations Advance; Commerce Secretary Shri Rajesh Agrawal Meets Chilean Vice-Minister Paula Estévez Weinstein
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August 31, 2026
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Synthetic-drug trafficking enforcement targets rail-borne amphetamine and MDMA consignments through baggage interceptions, seizures, follow-up delivery operations, and arrests.
Synthetic-drug trafficking enforcement involved two intelligence-led railway-station operations targeting amphetamine and MDMA transportation and receipt. Baggage intercepted at Bengaluru contained a crystalline substance preliminarily indicating amphetamine, while a separate Pune interception recovered substances purported to be amphetamine and MDMA tablets. The contraband and related packing material were seized under the Narcotic Drugs and Psychotropic Substances Act, 1985. Follow-up delivery action identified alleged receivers, and the carriers and alleged receivers were arrested under that statutory framework.
August 31, 2026
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India-Chile CEPA negotiations seek a balanced framework to expand trade, investment, technology cooperation and resilient supply chains.
India-Chile CEPA negotiations are being advanced toward conclusion by the end of the year through a balanced and commercially meaningful framework. The proposed partnership is intended to strengthen bilateral economic ties, expand trade and investment, and create equitable opportunities for businesses and people in both countries. Cooperation is envisaged in technology, talent and resilient supply chains, alongside enhanced engagement in healthcare, pharmaceuticals, energy, minerals, agriculture, machinery and engineering.
August 30, 2026
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Sugar price controls face persistent retail and wholesale price firmness despite duty-free imports, stockholding restrictions, and export prohibition.
Sugar retail and wholesale prices remained elevated despite measures intended to curb price increases, including duty-free imports of raw sugar, tighter stockholding norms for bulk users and dealers, and a prohibition on sugar exports. Ex-mill rates declined following the permitted duty-free imports, although customary margins continued between ex-mill, wholesale, and retail prices. Projected sugar production is lower than earlier estimates, while annual domestic demand remains substantial.
August 30, 2026
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Aadhaar OTP verification expands online vehicle and licensing services, reducing physical visits and curbing intermediary exploitation.
Aadhaar-based OTP verification will be extended to additional vehicle- and driving-licence-related services through the Vahan and Sarathi portals. The digital arrangement is intended to reduce physical visits to transport offices, prevent intermediary exploitation arising from delayed processing, and enable applications to be processed on a first-come, first-served basis. Physical attendance will remain necessary for vehicle inspections, identification of legal heirs, personal hearings, and authentication where Aadhaar OTP verification fails.
August 30, 2026
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Related-party creditor voting in personal insolvency turned on whether the debtor held majority ownership or direct board control.
Dissenting lenders challenged the admission and voting rights of five creditors alleged to be family-linked associate or related entities, contending that their voting share enabled approval of a personal insolvency repayment plan. They alleged invalid post-moratorium guarantee invocations, undisclosed liabilities, inadequate claim scrutiny and incorrect voting-share computation. The third member rejected the voting-rights challenge, treating associate status as requiring the debtor's personal majority shareholding or direct board control, and accepted the repayment plan.
August 30, 2026
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Examination continuity and candidate fairness require re-examination where power failures prevent completion, alongside review of infrastructure accountability.
NEET-PG 2026 examination continuity was disrupted for candidates at two Jaipur centres because of internal power-supply failures attributable to the technological partner and examination-conducting agency. A re-examination has been scheduled for the affected candidates, with the venue and revised admit cards to be communicated separately. Action against the entities responsible for ensuring adequate examination infrastructure is under consideration.
August 30, 2026
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Women's monthly assistance eligibility restricts benefits to qualifying households and channels payments through deposits or restricted digital wallets.
Delhi Lakshmi Yojana provides monthly financial assistance to eligible women through recurring deposits and restricted Central Bank Digital Currency wallets. Recurring deposits are locked until July 31, 2029, subject to possible review of the maturity period after two years from launch. Eligibility requires a qualifying woman to be the eldest female family member, meet income, residence and voter-registration requirements, and satisfy household restrictions. Income-tax payers, GST filers, government employees, higher-electricity-consuming households and four-wheeler-owning households are excluded.
August 30, 2026
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Gasoline trade amid refinery disruptions relies on sanctioned fleets and dark ship-to-ship transfers, alongside continuing fuel export restrictions.
Russian refinery disruption has increased gasoline imports and made India a significant supplier of gasoline to Russia. Indian supplies were principally linked to the Vadinar refinery, and increased Indian purchases of Russian crude may mean exported gasoline was produced from Russian crude. Russia has retained a gasoline export ban while domestic production remains disrupted. India-origin cargoes imported during August were carried on sanctioned fleets and involved dark ship-to-ship transfers, including transfers conducted with automatic identification system signals switched off.
August 30, 2026
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Digital arrest fraud: judicial responses seek a distinct offence while preserving due process and proportionality in economic-crime enforcement.
Suo motu consideration of digital-arrest fraud reflects a proactive judicial response to video-call scams involving impersonation of police, judicial officials or bureaucrats. The Union and the States have been directed to assess the problem, with a call for a distinct offence carrying proportionate penalties. Economic-crime enforcement remains subject to safeguards requiring written grounds of arrest and preventing pre-trial detention from becoming punishment. Due process, proportionality and the presumption of innocence remain central constraints.
August 29, 2026
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Natural justice in licensing enforcement requires meaningful hearing and reasoned orders before cancellation or suspension of regulated operations.
Natural justice in regulatory licensing enforcement requires a meaningful hearing, proper legal analysis, and a reasoned decision before licence cancellation or suspension. Maharashtra FDA withdrew cancellation of drug-sale licences after criticism of the procedure adopted. Food-safety enforcement against restaurants was also reconsidered where the premises were substantially compliant, despite licences being issued to one entity and operations being conducted by another. A fresh notice, hearing on the contractual arrangement, and reasoned order were required before further licensing action.
August 29, 2026
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Food-safety licensing compliance supports reopening while contractual operation requires notice, hearing, and a reasoned regulatory decision.
Food-safety licence suspension of five eateries was reconsidered after a fresh inspection recorded 88 per cent compliance. The suspension had continued because a third-party operator ran the eateries while licences remained in the association's name, despite no identified legal prohibition. The Food and Drug Administration proposed a fresh notice, hearing, and reasoned order on the contractual arrangement, while current compliance permitted services to resume.
August 29, 2026
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Market access and regulatory cooperation advance agricultural, pharmaceutical, digital, and trade integration priorities across the bilateral economic partnership.
India-Argentina cooperation focused on expanding bilateral trade, reducing non-tariff barriers, facilitating investment, and strengthening market access. Sanitary and phytosanitary discussions progressed for Indian agricultural products, while pharmaceutical engagement covered regulatory upgrading and reduced entry barriers. Mining and lithium-sector engagement, digital services, space technology, telecommunications, artificial intelligence and digital infrastructure were identified as priority areas. The India-MERCOSUR Preferential Trade Agreement, Terms of Reference and digital certificates of origin were considered mechanisms for trade facilitation and economic integration. Business discussions addressed commercial partnerships across agriculture, minerals, energy, pharmaceuticals, healthcare, banking and telecommunications.
August 29, 2026
Show AI Summary
Shared digital infrastructure for professional services aims to expand technology access, interoperability, capability development and secure adoption across firms.
MCA and IICA are developing a government-backed digital public good ecosystem for domestic professional services, particularly small and medium practices. The framework proposes curated technology access, learning and capability development, and knowledge and practice infrastructure. It is intended to improve access to technology and professional knowledge while complementing existing institutional and market-based systems. Consultations address interoperability, common standards, cybersecurity, affordable access, implementation, change management, openness, competition and technology adoption suited to differing levels of digital readiness.
August 29, 2026
Show AI Summary
Methamphetamine trafficking enforcement targets concealed cross-border transport, with seizures, vehicle confiscation, arrests and stringent penalties under narcotics law.
Methamphetamine trafficking enforcement under the Narcotic Drugs and Psychotropic Substances Act, 1985 involved intelligence-led seizures of tablets in Assam and Mizoram, along with the vehicles allegedly used for transportation and arrests of two vehicle occupants. Field testing indicated the presence of amphetamine. The tablets were concealed in fabricated cavities within a truck and car, with preliminary investigation indicating alleged cross-border smuggling into Mizoram. Methamphetamine is a notified psychotropic substance, and illicit manufacture, possession, transportation and trafficking attract stringent penal consequences.
August 29, 2026
Show AI Summary
IPO disclosure integrity triggers one-year market access bar for issuer and promoter-directors over fabricated quotation and misleading financial disclosures.
SEBI restrained Trafiksol ITS Technologies Ltd. and its promoter-directors from accessing or dealing in the securities market for one year and imposed monetary penalties over irregularities in its SME IPO. The action concerned overstated financial disclosures, inadequate disclosure of issue expenditure and a potential merchant-banker conflict, and proposed use of IPO proceeds based on a fabricated software-vendor quotation. The listing was deferred and IPO proceeds were placed in an interest-bearing escrow account. One promoter was directly involved in procuring the quotation, while the other failed to exercise due diligence.
August 29, 2026
Show AI Summary
Securities market fraud involving fictitious transactions triggered market bans, disgorgement, fund restoration, and governance restrictions.
SEBI imposed securities-market restrictions, disgorgement directions and monetary penalties in relation to alleged accounting fraud involving fictitious sales, purchases, circular transactions and fraudulent ledger entries. The alleged inflation of financial results facilitated migration to the NSE main board and was followed by fraudulent preferential allotments, a bonus issue and a rights issue. Rights issue proceeds were found to have been diverted, requiring restoration with applicable interest. The company and its managing director received seven-year market prohibitions, with additional governance restrictions applying to the managing director.
August 28, 2026
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Insolvency debt settlements: political criticism alleges severe creditor haircuts favour influential corporate borrowers over ordinary debtors.
CPI(M) criticised approval of a repayment plan involving Zee Group founder Subhash Chandra, asserting that repayment of Rs 6.5 crore against creditor claims of Rs 22,006.57 crore undermines fairness in insolvency debt settlement. It alleged severe creditor haircuts and bias favouring influential corporate borrowers. The party linked the settlement to an alleged pattern of large borrowers resolving liabilities at steep discounts, shifting the burden to taxpayers and small depositors while smaller borrowers face coercive recovery measures.
August 28, 2026
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Corporate governance requires company secretaries to promote ethical practices, transparency, responsibility and institutional accountability across economic ecosystems.
Good corporate governance is central to development and depends on responsible governance, ethical practices, transparency, institutional accountability and professional excellence. Company Secretaries have an expanding role in strengthening governance practices through professional expertise. Professional institutions should promote governance standards, support institutional excellence, and evolve their practices in response to changing requirements. Their wider contribution lies in fostering a culture of ethical entrepreneurship, responsibility, transparency and sound governance.
August 28, 2026
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Proceeds-of-crime tracing prompts freezing of deposits linked to structured disposal of foreign property in a bank-loan fraud investigation.
Money-laundering investigation into alleged bank-loan fraud involving DHFL has resulted in the freezing of bank deposits held by Al Jalore Trading FZE under the Prevention of Money Laundering Act. A United Kingdom property was allegedly disposed of through a purported loan arrangement that created an encumbrance to settle an Indian liability. Sale proceeds were credited to Al Jalore Trading FZE's Indian bank account rather than to the registered owner, indicating alleged dissipation of proceeds of crime through a structured foreign-property transaction.
August 28, 2026
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Defence export authorisation reform streamlines consultations, expands unified licences, and facilitates eligible exporters' access to international markets.
Open General Export Licence arrangements permit eligible exporters to self-generate authorisations for multiple consignments of specified defence items without obtaining separate authorisation for each consignment. Three existing licence procedures are consolidated into a unified framework. Licence validity is extended to three years, and territorial coverage is expanded to all countries other than negative or sensitive nations and destinations subject to United Nations Security Council sanctions or arms embargoes. Eligible companies with long-term foreign original equipment manufacturer agreements may obtain licences aligned with the underlying contract, subject to prescribed conditions.

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Opposition slams Budget as bundle of empty promises, ruling party MPs say it has vision for developed India

February 11, 2025

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New Delhi, Feb 11 (PTI) Opposition MPs in Rajya Sabha on Tuesday slammed the Union Budget as a bundle of empty promises that fails to address pressing issues like unemployment, inflation and farmer distress, while the members of the ruling BJP-led alliance lauded it as a significant step in the development path towards achieving the goal of 'Viksit Bharat'.

Participating in the debate on the Budget, BJP leaders highlighted India's economic growth despite the adverse impact of the COVID pandemic, efforts being made for the development of various sectors of the economy including infrastructure, and reforms like the income tax exemption up to Rs 12 lakh, which they claimed would boost consumption and growth.

On the other hand, opposition MPs accused the government of failing to deliver on its much-touted 'Sabka Saath, Sabka Vikas' slogan by sidelining welfare schemes for minorities, neglecting the agricultural sector, and overlooking the concerns of farmers, Scheduled Castes and Scheduled Tribes.

They also criticised the Goods and Services Tax (GST) regime and the stagnant budget for Mahatma Gandhi National Rural Employment Guarantee (MGNREG) scheme despite high demand.

BJP leader RPN Singh said, "In the last ten years, the Modi government has made our economy bigger than Britain which ruled us." He slammed the opposition saying they can't appreciate even the good decisions of the government.

"The exemption up to Rs 12 lakh on income tax, was it a bad decision? They will not speak about it even as the whole of India is lauding it," he said.

"The economy is progressing fast, it seems the opposition has forgotten COVID has impacted the whole world's economy, and India is now the fastest-growing economy," he said.

Singh said with the income tax slab change, Rs 1 lakh crore will be injected into the economy which will increase consumption.

However, TMC's Saket Gokhale said the government is going to earn more from taxes in this budget "by compensating for the reduction in income taxes through GST and other indirect taxes through which people are going to be extorted".

"Only 2.2 per cent of India's population pays income tax benefits ... 100 per cent of the population pays GST. When you take money through GST, everybody is going to get impacted by that," he said.

He alleged that the Modi government was depriving West Bengal of its rightful dues by withholding payment of over 1.75 lakh crore " because our people don't vote for them".

"Instead of the Licence Raj, today we have the GST Raj. Companies across India live in the dread of the GST inspector, who will find the smallest violation and then extort huge fines," he alleged.

Gohkale said the Indian economy is "crumbling" from the inside and its wall is going to crumble until something serious is done.

Independent Rajya Sabha member Kapil Sibal asked the government to spell out its vision for artificial intelligence considering the impact that it can have on jobs in India, while criticising the lack of an overall vision for the future in Union Budget 2025-26.

"When a new government comes to power naturally people of India expect that government to give us a vision of what it intends to do in the next five years. This government has already had ten years and the delivery mechanism has been both slow and inconsistent," the former Union minister said.

Chandrakant Handore, a Congress MP, demanded steps for the social, economic and educational uplift of backward and poor people to achieve the aim of Viksit Bharat.

“The government should focus on the development of backward and poor people along with the development of the nation,” Handore said.

BJP MP Bhagwat Kishanrao Karad said that the Budget is aimed at implementing the vision of a developed India by 2047.

"PM Modi, in his 11-year tenure, has given a new vision, which is Viksit Bharat Sankalp 2047, to 140 crore Indians," he said.

He said that if one has to study the budget, one should look at budget estimates and budget receipts.

He said that in 2013-14, the budget estimate was 16.65 lakh crore and after 10 years in 2024-25 it became 47.16 lakh crore.

Samajwadi Party MP Javed Ali Khan criticised the slashing of expenditure on schemes meant for the minority groups.

"The Budget or any policy document depicts the government's philosophy. In this Budget of 2025-26, minorities have been totally overlooked. The welfare schemes for minorities, the programmes have been either shut, or allocations have been cut," he said.

"The philosophy of 'Sabka Saath, Sabka Vikas' is definitely not behind it," he said.

Niranjan Bishi of the Biju Janata Dal (BJD) said that the Budget should have announced cuts in the prices of petrol, diesel and LPG, which would have helped bring down inflation.

CPI MP PP Suneer accused the Union government of not giving Kerala its due share.

CPI-M member A A Rahim criticised the Centre's economic policies, saying it has failed to address the real concerns of citizens.

Congress MP Ashok Singh stressed the need for a loan waiver for farmers, adding that a law should to made so that the Minimum Support Price for crops is decided based on the input cost.

BJP MP Arun Singh said that the Modi government has taken several steps for the farmers.

"Our government is dedicated to farmers, that is why in every election farmers vote for us and make us win while the opposition parties lose," he said.

Rajani Patil of Congress termed the Budget as a clear-cut example of the government's misplaced priorities.

"This Budget has neglected the most pressing issues facing our nation such as unemployment, farmer distress and rising cost of living. The lack of attention on these critical areas is a stark reminder of the government's disconnect from the common man, " she said.

She said budgetary allocations for the agri and fertiliser sectors have come down and even the MNREGA scheme remains stagnant despite demand for increases in wages.

NCP-SCP MP Fauzia Khan attacked the government on "rising" unemployment and the cost of living for middle-class households.

She also pointed to the decline in the value of the Indian rupee against the dollar.

Countering the opposition charge, Ajit Madhavrao Gopchade of the BJP noted that the government is working towards making the country a world power.

He said that post-COVID while many economies faltered, India continued on the path of growth.

BJP's Deepak Prakash stated that the Budget has brought happiness to the faces of 140 crore Indians.

He attacked the previous Congress governments for scams and policy paralysis.

NCP MP Praful Patel said that earlier giving 'roti, kapda and makan' was the essence of political and economic discourse, but people are today talking about a confident, self-reliant and developed India.

Referring to the US president’s ‘Make America Great Again’ slogan, Patel said Prime Minister Narendra Modi has been saying since 2014 that India is on a new trajectory with programmes like ‘Make in India’ and ‘Atmanirbhar Bharat’.

“What does it mean? Like America, we are also talking that ‘make India big and proud again’,” Patel said.

He stated that earlier India used to import a lot of goods and products but today "we are exporting a lot of crucial and important products". PTI AO RSN MSS JP SKC RT

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