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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
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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
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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
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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
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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
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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
Show AI Summary
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.
August 10, 2026
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Pesticide residue concerns drive organic farming, school agriculture initiatives, infrastructure financing and climate-resilience support for farmers.
Food-safety concerns arising from pesticide residues and toxic substances are to be addressed through organic vegetable farming, household cultivation and the Kathir school-farming initiative. Kathir provides for institutional farming, teacher and committee support, markets, student training and clubs, with possible academic weightage for agricultural participation. Agricultural infrastructure financing supports post-harvest management, value addition, processing, packing, marketing and exports. Additional measures include banking support, agricultural technology adoption, women-farmer support and schemes addressing climate-related floods and drought.
August 10, 2026
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Digital EODC processing removes physical duty challans through authenticated payment verification for export authorisation closure.
Export Obligation Discharge Certificate processing under the Advance Authorisation and Export Promotion Capital Goods schemes no longer requires physical duty-payment challans for voluntary customs-duty payments made on or after 1 August 2026. Authenticated licence-wise payment information is electronically transmitted from Customs/ICEGATE to DGFT systems and mapped to the relevant authorisation. Exporters can verify payment details on the customer portal, while Regional Authorities use corresponding back-office records, replacing manual submission and verification for authorisation closure.
August 10, 2026
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Trusted service-call numbering requires verified utilities and logistics entities to use dedicated numbers exclusively for transactional and service communications.
The 1601-series is introduced for verified utilities, courier and logistics entities making service and transactional voice calls. Numbers must be allocated directly to eligible entities, not intermediaries or aggregators, following verification by telecom service providers and an undertaking of exclusive use. Promotional voice calls are prohibited on this series and remain associated with the 140-series. The framework separates these calls from the 1600-series reserved for regulated financial-sector and government-to-citizen communications, supporting consumer recognition of legitimate calls and reducing impersonation risks.
August 10, 2026
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GST revenue collection drives tax growth while data scrutiny, taxpayer verification, and compliance capacity remain key administrative priorities.
GST constituted the principal component of tax revenue for the 2025-26 fiscal year. Tax administration faces staff shortages, information-technology upgrade needs, and increased workloads from taxpayer registrations and return filings. Compliance oversight requires GST data scrutiny, risk assessment, identification of unregistered taxpayers, tax-evasion detection, and field verification of high-risk taxpayers. Long-term revenue planning sets progressively higher collection targets through 2063.
August 10, 2026
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Russian crude imports reshape India's refining trade as processed petroleum products reach sanctioning jurisdictions despite import restrictions.
Indian imports of Russian crude oil reached a second consecutive monthly record in July 2026, with Russian crude forming the dominant share of India's Russian fossil-fuel purchases and more than half of total crude imports. Higher receipts through smaller terminals offset reduced volumes at Paradip. Indian refineries processing Russian crude also exported refined petroleum products to sanctioning jurisdictions, including the European Union, Australia and the United States, despite the European Union prohibition on imports of oil products made from Russian crude.

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8 FDI Proposals Amounting to Rs. 100 Crore Approved

June 26, 2012

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Press Information Bureau

Government of India

Ministry of Finance

26-June-2012 14:43 IST

Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting held on June 1, 2012, Government has approved 08 Proposals of Foreign Direct Investment amounting to Rs. 100.01 crore approximately.

In addition, one proposal viz., M/s Shriram Financial Ventures (Chennai) Pvt. Ltd., amounting to Rs. 2000 crore, has been recommended for consideration of Cabinet Committee on Economic Affairs.

Details of Proposals considered in the Foreign Investment Promotion Board (FIPB) Meeting held on 01.06.2012

Following 08 (Eight) proposals have been approved.

Sl. No.

Name of the applicant

Particulars of the proposal

FDI/NRI inflows

(Rs. In crore)

ECONOMIC AFFAIRS

1

M/s K-Tron Asia Pte. Ltd., Mumbai

To set up an LLP to carry out the business of wholesale selling and marketing of process equipment products and parts.

0.01

FINANCIAL SERVICES

2

M/s Zooropa Foods Private Limited, Haryana

Induction of foreign equity to carry out the business of investing company.

100.00

MINES

3

M/s Sesa Goa Limited, Goa

Transfer of shares by way of share swap to carry out the business of exploring, mining, winning, importing, and exporting of earth and ores of all types.

Nil

INDUSTRIAL POLICY & PROMOTION

4

M/s EHL Eastern Holdings Ltd., Mauritius

Transfer of shares from NR to NR.  The Indian company is engaged in Stock Exchange Business.

No inflow

5

M/s APF II India Investments Pvt. Ltd.

Clarificatory amendment in clause 4 of the FC approval to reflect the level Foreign equity participation.

Nil

6

M/s JT International (I) Pvt. Ltd.

Post facto approval for increase in the foreign equity and either repatriation of amount received from NR investor in anticipation of raising their equity stake with FIPB approval which did not materialise.

Nil

ECONOMIC AFFAIRS

7

M/s Techno Relief Overseas (India) Pvt. Ltd.

Ex-post-facto approval for NRI investment in the company engaged in the business of trading (export and domestic wholesale) in relief materials.

Nil

FINANCIAL SERVCIES

8

M/s Gajraj Commercial Pvt. Ltd., West Bengal

Request for deletion of compounding condition as the company had ceased to act as NBFC before the expiry of the prescribed capitalization period.

No fresh inflow

The following 08 (Eight) proposals have been deferred: 

Sl.No

Name of the applicant

Particulars of the proposal

1

M/s Mahindra and Mahindra Limited, New Delhi

To set up a new JV to develop, manufacture and provide service support for radar systems and various kinds of defence electronic systems.

2

M/s Man Chung Lim Granites India Pvt. Ltd.

To issue equity shares against foreign remittance made as ‘pre-operative expenses’ for security deposit and import of machinery for raising, purchase and export of Granite stones under 100% EOU scheme.

3

M/s B Braun Singapore Pte Limited, Singapore

Acquisition of shares of the company engaged in the business of life saving intravenous fluids and ophthalmic products.

4

M/s Pfizer Limited, Mumbai

Induction of foreign equity in an operating cum investing company to carry out the business in pharmaceutical sector.

5

M/s Scribble Media & Entertainment Pvt. Ltd., Hyderabad

Induction of foreign equity to carry out the business of publication of evening news publication titled “Post Noon”.

6

M/s High Mark Credit Information Services Pvt. Ltd.

Induction of foreign equity to carry out the business of credit information company.

7

M/s Arch Pharmalabs Limited, Mumbai

Induction of foreign investment in an existing company engaged in the business of manufacture and sale of Active Pharmaceutical Ingredients and contract research and manufacturing services.

8

M/s G4S Secure Solutions (India) Pvt. Ltd., Gurgaon

Ex-post-facto approval for induction of foreign equity to carry out the business of providing security services.

 The following 8 (Eight) proposals have been rejected:

Sl.No

Name of the applicant

Particulars of the proposal

1

M/s A2Z Waste Management Private Limited

Induction of foreign equity by an overseas company which is a WoS of the Indian company to carry out the business of Waste Management.

2

M/s GPX India Private Limited, Maharashtra

To issue equity shares against import of capital goods/ equipment/ machinery.  The company is engaged in the business of setting up of domestic Other Service Provider (OS) (Data Centre) for providing various products and services to its clients/customers.

3

M/s VIL Media Pvt. Ltd., Andhra Pradesh

Induction of foreign equity to carry out the business of up-linking news and current affairs TV channel.

4

M/s GN ReSound India Pvt. Ltd.

Conversion of amount payable to shareholders appearing in its books of accounts as Unsecured Loan into fully paid up equity shares.

5

M/s M and C Rakindo Hospitality Pvt. Ltd., Coimbatore

Ex-post-facto approval to issue and allot partly paid up shares to carry out the business of development, construction ownership, management, sale and/ or lease of hotel projects in India.

6

M/s Fischer Measurement Technologies (India) Pvt. Ltd., Maharashtra

To issue shares for consideration other than inward remittances.

7

M/s Shriprop Housing Pvt. Ltd. and Shriram Properties Ltd., Bangalore

Transfer of shares by the foreign investor before expiry of 3 years from the date of minimum capitalization norms.

8

M/s Spire Advisory Services India Private Limited, Andhra Pradesh

Confirmation regarding fulfillment of minimum capitalization norms - regarding.

The following 03 (Three) proposals have been advised to access automatic route: 

Sl.No

Name of the applicant

Particulars of the proposal

FDI/NRI inflows (Rs. in crore)

1

M/s Estee Commodities Pvt. Ltd., New Delhi

Induction of foreign investment from NRIs and foreign investor in the holding company, which is Indian owned and controlled, to carry out the business of Commodity Broking.

No fresh inflow

2

M/s Flash Forge Fluid Control Pvt. Ltd., Maharashtra

Induction of foreign equity to carry out the manufacturing of pumps, compressors, taps and valves; and manufacture of parts and accessories n.e.c for ships and boats.

1.04

3

M/s Columbia Global Center in India, Mumbai

Ex post facto approval for induction of FDI in a Section 25 (not for profit) company engaged in research and associated scholarly activities.

0.44

The following 02 (Two) proposals have been withdrawn from the Agenda:     

Sl. No

Name of the applicant

1

M/s Ramboll India Private Limited, Hyderabad

2

M/s IHT Publishing (India) Pvt. Ltd., New Delhi

In respect of the following 1 (One) proposal, it is recommended that the applicant may be advised that relaxation of the conditions would not be required in case the applicant provides services relating to import of raw materials by another company.

Sl.No.

Name of the applicant

Particulars of the proposal

FDI/NRI inflows (Rs. in crore)

1

M/s Daewoo International India Pvt. Ltd., New Delhi

Seeking an exemption from 25% of the total turnover of the wholesale venture in Cash & Carry Wholesale Trading/ Wholesale Trading.

8.94

In respect of the following 01 (One) proposal, it is recommended that no post facto approval is required since the company has not engaged in broadcasting and has also deleted reference to broadcasting from MoA.

Sl.No.

Name of the applicant

Particulars of the proposal

FDI/NRI inflows (Rs. in crore)

1

M/s Palred Media and Entertainment Pvt. Ltd., Hyderabad

Post facto approval for induction of foreign equity to carry out the business of film production and distribution of films, cinemas, motion pictures, television entertainment, animation, internet portals, etc.

1.91 (already received) (USD: 39,64,230)

The following 01 (One) proposal has been recommended for the consideration of CCEA, as the investment involved in the proposal is above Rs. 1200.00 crore

Sl. No

Name of the applicant

Particulars of the proposal

FDI/NRI inflows (Rs. In crore)

1

M/s Shriram Financial Ventures (Chennai) Pvt. Ltd.

Induction of foreign equity in an investing company to make downstream investment.

2000.00

 

* * * * *

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