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August 12, 2026
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Corporate closure data highlights worker-claim treatment through insolvency adjudication and liquidation priority, while affected-worker information remains unmaintained.
Corporate closure data recorded 36,211 private companies in Maharashtra as liquidated, dissolved or struck off during the preceding five financial years. Central information is not maintained on workers affected by closures or special rehabilitation packages. In corporate insolvency resolution, employee and worker claims are adjudicated under orders of the adjudicating authority. In winding-up or liquidation, the liquidator deals with pending wages and other admissible statutory dues, subject to available funds and the statutory order of priority.
August 12, 2026
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Compressed biogas development converts organic waste into cleaner fuel, rural income and reduced dependence on imported fossil fuels.
CBG development is presented as a route for converting agricultural and organic waste into biomethane, bio-fertiliser and briquettes while reducing fossil-fuel imports, crop-residue burning and waste-management burdens. NexGen Energia's asset-light land-partner model uses landowner-provided sites while the company designs, installs and operates plants, including gas upgrading and offtake logistics. Anaerobic digestion and alternative gas-purification technologies support use of agricultural residue, food waste, manure and distillery effluent. Expansion is linked to the GOBARdhan National Circular Bioenergy Scheme, despite capital, feedstock-aggregation and commissioning constraints.
August 12, 2026
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Bilateral trade cooperation advances through investment focal points, services and health working groups, and planned preferential trade agreement negotiations.
India-Namibia economic cooperation is being progressed through agreed follow-up mechanisms focused on value addition, investment facilitation and sectoral collaboration. Investment focal points have been designated, and a Services Working Group is to prepare a work plan for the Joint Trade Committee. Priority areas include health and pharmaceuticals, critical-mineral processing, gems and jewellery, digital payments, FinTech, railways, renewable energy and green hydrogen. Terms of Reference for the India-SACU preferential trade agreement were finalised, with negotiations to begin after signature and conclude within one year.
August 12, 2026
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AI governance in banking requires explainability, board accountability, rigorous testing, vendor controls and meaningful human oversight for customer-facing decisions.
AI adoption in banking should be governed through a principles-based and proportionate framework that aligns innovation with financial stability, customer protection and accountability. Banks should maintain inventories of AI systems, adopt board-approved governance policies, ensure explainability for material lending and fraud decisions, conduct periodic red-teaming and stress testing, and preserve meaningful human oversight. Key risks include opacity, bias, vendor concentration, third-party dependence, data misuse, cyber vulnerability and loss of institutional accountability. Vendor arrangements require audit and explanation rights and credible exit plans.
August 11, 2026
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Land acquisition funding and regulatory approvals advance satellite-city development, tax relief, identity enrolment, employment verification, and jail reform.
Assam Cabinet approvals include first-phase funding for land acquisition and development of the Aerotropolis Satellite City Project and a lease deed for a hotel supporting the Jagiroad semiconductor ecosystem. Measures also provide Aadhaar enrolment relaxation for Moran and Matak communities, zero agricultural tax up to the prescribed net-income threshold, OBC Non-Creamy Layer certificates, and trainee and graduate-assistance funding. Government jobs will be provisionally held pending police verification, with automatic confirmation where no report is submitted within six months. Jail rules will be amended to promote non-discrimination, sanitation, security and fair work allocation.
August 11, 2026
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Money-laundering investigation into alleged liquor-sale proceeds led to arrest and custodial questioning amid contested political allegations.
Money-laundering investigation concerning an alleged liquor scam led to the Enforcement Directorate's arrest of Ramgopal Agrawal and seven days' custodial remand under the Prevention of Money Laundering Act. The agency alleged his connection with proceeds of crime, non-attendance despite multiple summonses, and evasiveness during questioning. Allegations concern purported control of the state excise department, illegal liquor sales, and sharing of commissions. The Congress has denied the allegations and described the investigation as politically motivated.
August 11, 2026
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GST inquiry closure bribery allegations prompted anti-corruption proceedings against a Sales Tax officer under corruption law.
Alleged bribery in GST inquiry closure led to the arrest of a Sales Tax Assistant Commissioner after a scrap trader complained of a demand for illegal gratification to close an inquiry initiated through a GST show-cause notice. Anti-corruption officials reportedly verified the allegation through intermediaries, during which the officer allegedly agreed to accept payment for closing the matter. A criminal case was registered under the Prevention of Corruption Act, with further investigation ongoing.
August 11, 2026
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Direct tax collection growth reflected stronger non-corporate taxes and securities transaction tax receipts alongside slower refund issuances.
Net direct tax collections increased by 23 per cent to over Rs 8.11 lakh crore through August 10, driven by higher non-corporate tax collections and slower refund growth. Gross direct tax collections grew by 19.75 per cent to about Rs 9.55 lakh crore. Net corporate tax collections rose about 20 per cent, net non-corporate tax collections rose 23 per cent, and Securities Transaction Tax collections increased 51 per cent. Refund issuances grew by 3.8 per cent year-on-year.
August 11, 2026
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Vicarious liability in cheque dishonour cases cannot attach to trust associates without statutory status or transaction-specific involvement.
Vicarious criminal liability for cheque dishonour under section 141 of the Negotiable Instruments Act does not extend to a trust, because a trust is not a juristic person. A person cannot be summoned merely for alleged active involvement in a trust where the person was neither drawer nor signatory of the cheques, trustee, office-bearer, authorised account operator, guarantor, or executor of transaction documents.
August 11, 2026
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Cross-border payment integration through CBDCs and fast payment systems remains under BRICS discussion to reduce transfer costs.
Cross-border payment integration is under discussion through potential linkages between central bank digital currencies and fast payment systems, including UPI-type platforms. These approaches seek faster and less costly trade and remittance transfers, particularly retail payments, but remain at a discussion stage. Rupee internationalisation is also being pursued through central-bank memorandums of understanding for bilateral trade settlement in local currencies, with existing arrangements covering Indonesia, Maldives, Mauritius and the UAE.
August 11, 2026
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Integrated infrastructure planning under PM GatiShakti coordinates project evaluation, multimodal connectivity, geospatial data use, and decentralized implementation.
PM GatiShakti National Master Plan provides an integrated, data-driven infrastructure planning framework using geospatial data, satellite imagery and API integration. Project approval, implementation and funding remain with the respective Central Ministries, Departments and States or Union Territories under their own plans and budgetary provisions; the framework sets no separate budgetary allocation or quantified targets. The Network Planning Group evaluates critical Central Government projects at the planning stage for multimodality, synchronisation, last-mile connectivity, comprehensive local development and coordinated decision-making.
August 11, 2026
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MSME procurement through GeM has expanded alongside analytics-driven controls against suspicious bidding, collusion, and vendor misconduct.
GeM uses AI/ML analytics to detect order splitting, suspicious bidding, abnormal pricing, repeated participation and potential buyer-seller collusion. Flagged cases are placed before buyer organisations for review and action, while suspected cartels are assessed through digital-footprint, pricing and bid-timing indicators. Its Incident Management framework addresses false documents, fraud, collusive behaviour and other misconduct through administrative measures, including suspension. Anti-competitive conduct and cartel formation are Severe/Grave deviations, with proven cases attracting suspension for up to 365 days.
August 11, 2026
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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
Show AI Summary
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.

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MRAI's 12th IMRC and Union Budget 2025 Set the Course for India's Sustainable Recycling Leadership

February 22, 2025

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Mumbai, Maharashtra, India (NewsVoir) The 12th International Material Recycling Conference (IMRC), held from January 28 to 30, 2025, at the Novotel Jaipur Convention Centre, emerged as a critical forum for industry leaders, policymakers, and global stakeholders to address the challenges and opportunities in India’s recycling sector. Organized by the Material Recycling Association of India (MRAI), the event strengthened India’s dedication to a circular economy and sustainable resource management.

A Call for Pro-Planet Living Setting an inspiring tone for the event, Sanjay Mehta, President of MRAI, aligned the conference with Hon. Prime Minister Shri Narendra Modi’s Mission LiFE. He emphasized, “LiFE is about becoming ‘Pro-Planet People.’ Changing the world begins with changing ourselves. Recycling, when done thoughtfully, can reduce the strain on nature. We must start at home, in offices, and in factories by practicing proper segregation.” Reflecting on the conference’s impact, Amar Singh, Secretary General of MRAI, added, “Transformative ideas and actionable insights have emerged here. Our resolve for sustainable resource management has grown stronger.” Government’s Support for Recycling Industry Growth Speaking at the conference, Naresh Pal Gangwar, Additional Secretary, MoEFCC, outlined the government’s roadmap for sustainability and resource efficiency, stating, “Achieving India’s vision of becoming a developed nation by 2040 requires manifold growth in GDP, increased consumption, and efficient management of material resources.” Supporting this view, Vinod Kumar Tripathi, Joint Secretary, Ministry of Steel, reaffirmed the need to improve the recycling ecosystem. He stated, “By strengthening our recycling infrastructure, supporting education and awareness campaigns, and encouraging industries to adopt circular economic principles, we can build a thriving, sustainable future for all.” Industry Leaders and Global Perspectives The conference featured key insights from global experts: • Major General K. Narayanan, Program Director, Niti Aayog, highlighted the role of innovation and collaboration in maximizing India’s recycling potential.

• Dr. Soumya Gurjar, Hon. Mayor of Jaipur, stressed the need for greater participation of women entrepreneurs in the recycling sector and praised Prof. Bineesha P., Advisor at MRAI, for her contributions.

• Robin Wiener, President of ReMA, lauded MRAI’s advocacy efforts, while Arnaud Brunet, Director General of BIR, and Susie Burrage OBE, President of BIR, shared perspectives on the challenges posed by evolving EU regulations on shipping.

‘Recycling India’ – A National Initiative Dhawal Shah, Senior Vice President of MRAI, called for a national campaign—'Recycling India'—to raise awareness and open doors to new opportunities in the sector. “Our vision is to see India emerge as a global leader in sustainable resource management,” he stated.

Zain Nathani, Vice President of MRAI, reinforced the industry’s role in India’s carbon emission and steel production goals, advocating for greater support of the Vehicle Scrappage Policy and the promotion of recyclable materials.

With 2,500 delegates, 400 foreign participants, 200 exhibitors, and representatives from over 50 countries, the 12th IMRC marked a defining moment in India’s sustainable recycling journey.

Government Approves Zero Duty on Non-Ferrous Scrap: A Game-Changer for Recycling In a landmark decision, the Government of India has reduced the basic customs duty on non-ferrous scrap to zero percent, marking a major breakthrough for the recycling industry. The duty exemption applies to key materials such as Lead, Zinc, Copper, Brass, and Lithium-Ion Battery Scrap, providing a boost to India’s circular economy and sustainable manufacturing sector.

MRAI’s Advocacy Paves the Way for Policy Reforms Sanjay Mehta, President of MRAI, expressed his gratitude for the government’s progressive decision, stating, “MRAI has consistently engaged with stakeholders and government bodies to bring about such transformative reforms. The duty-free non-ferrous scrap marks a critical advancement for the recycling industry.” He further noted MRAI’s ongoing efforts to reduce duties on aluminium scrap, aligning India’s policies with global standards.

Union Budget 2025: Boosting India’s Recycling Industry The Union Budget 2025, presented by Smt. Nirmala Sitharaman, Minister of Finance & Corporate Affairs, stressed the importance of exports and imports as key drivers of economic growth. The reduction in non-ferrous scrap duties is a strategic move to enhance manufacturing competitiveness and facilitate access to affordable raw materials. The decision aligns with India’s broader vision of Viksit Bharat, accelerating growth and strengthening the recycling sector as a key contributor to a resource-efficient economy.

Projected Growth and Sustainability Mandates The Indian recycled metal market, which generated USD 28.9 million in 2023, is projected to reach USD 38.0 million by 2030, growing at a CAGR of 4% from 2024 to 2030. The zero-duty policy is expected to lower operational costs and encourage greater recycling activities, reinforcing India’s circular economy.

A significant step toward sustainable manufacturing, the budget introduces zero import duty on non-ferrous metal scrap, including lead, zinc, copper, cobalt powder, lithium-ion battery scrap, and 11 other critical minerals. The measure is set to transform India’s recycling sector, reducing production expenses while strengthening the country’s position in global markets.

Additionally, the government has mandated a minimum of 5% recycled content in all new non-ferrous metal products from FY 2028, with targets set for 10% recycled aluminium, 20% copper, and 25% zinc by FY31. These measures are designed to reduce industrial waste, enhance resource utilization, and support long-term environmental objectives.

MRAI’s Call for Further Reforms In continuation of these efforts, MRAI has urged the government to remove Basic Customs Duty (BCD) on all grades of aluminium scraps, Cupro Nickel & Nickel containing Brass, and Zinc dross scrap under HS code 26201910. With aluminium recycling alone cutting energy consumption by over 95%, such measures would significantly reduce emissions and support India’s environmental objectives. The budget’s provisions are set to accelerate the recycling sector’s expansion.

MRAI’s Continued Engagement with Policymakers Amar Singh, Secretary General of MRAI, highlighted the association’s role in shaping policy, “In aluminium, we have achieved what we set out to do, ensuring that scrap is imported based on its specification. On the policy front, JNARDDC has been authorized as a metal recycling authority by the Ministry of Mines, marking a significant step in policy-driven change.” Tax Reforms and Mission LiFE The Material Recycling Association of India (MRAI) welcomed the tax policy updates of 2024, including the implementation of the Reverse Charge Mechanism (RCM) under GST and the introduction of a 2% Tax Deducted at Source (TDS) on non-ferrous scrap purchases. These reforms enhance compliance, increase transparency, and streamline operations in the recycling sector.

Speaking at MRAI’s 12th IMRC in Jaipur, Naveen Sharma, Vice President of MRAI, urged the government to extend RCM to e-waste and battery waste, covering chapters 83, 84, and 85, which will advance formal sector participation.

Calling attention to the economic potential, Dhawal Shah, Senior Vice President of MRAI, noted, “The Indian non-ferrous metal industry is currently valued at $18 billion and is projected to reach $30 billion in the next five years. Renewable energy, automotive, and packaging sectors offer immense growth potential.” A Collective Step Toward a Greener Future MRAI extends its deep appreciation to the Government of India, under the leadership of Prime Minister Shri Narendra Modi, for supporting the recycling sector. The removal of import duties on non-ferrous scrap marks a watershed moment, positioning India as a leader in sustainable metal recycling. This move, backed by key ministries, is expected to reduce production costs, drive the adoption of recycled materials, and enhance India’s global competitiveness in green manufacturing.

Shri H. D. Kumaraswamy, Minister of Steel; Shri G. Kishan Reddy, Minister of Mines; Smt. Nirmala Sitharaman, Minister of Corporate Affairs; and Shri Piyush Goyal, Minister of Environment, Forest, and Climate Change, have played pivotal roles in defining this progressive policy.

With this pivotal policy move, the nation accelerates its transition toward a cleaner and more sustainable future.

(Disclaimer: The above press release comes to you under an arrangement with Newsvoir and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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