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    CBN seizes 66.80 lakh psychotropic tablets in major inter-state pharmaceutical diversion case under Operation Vajra 2.0; one arrested
    DRI seizes around 18 Kg Amphetamine and MDMA in two operations as it intensifies crackdown on synthetic drugs; Four persons arrested
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August 31, 2026
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Psychotropic medicine diversion faces NDPS enforcement where controlled tablets allegedly travel without statutory documentation and traceability details.
Enforcement action under the Narcotic Drugs and Psychotropic Substances Act, 1985 addressed alleged inter-State diversion of psychotropic medicines transported without statutory documentation. A truck carrying Alprazolam, Tramadol, Nitrazepam and Clonazepam tablets was intercepted; the medicines and vehicle were seized and one suspect was arrested. Preliminary examination indicated erasure of identifying batch and date details and transport of region-restricted medicines without invoices, bilty or e-way bills. Investigation concerns the manufacturing, supply and distribution network involved.
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
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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
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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
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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
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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.

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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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