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    Punjab Assembly passes nine key bills
    Mumbai court denies nod to Nirav Modi's sister to record her statement via video link in PNB case
    'Organised loot' of Rs 2.86 lakh crore from people's pockets: Surjewala accuses govt
    Naresh Goyal seeks discharge from money laundering case; court asks prosecution to reply to plea
    Parliamentary panel seeks details on Railways’ efforts to boost domestic bullet train capabilities
    Haryana CM Saini launches MSME and Export Promotion Policy 2026
    TCS receives employee data leak alerts; says no impact to customer info
    APEDA Facilitates First-Ever Export of Mustard Honey by Dergang FPO from Tripura to Dubai
    Parliament passes The Bankers' Books Evidence Bill, 2026
    DRI uncovers another clandestine drug manufacturing unit in Maharashtra
    Delhi HC gives Kejriwal 4 weeks to respond to ED pleas against acquittal in two cases
    Pesticide residues found in 58 food samples tested in Kerala, says Minister Siddique
    DGFT Removes Physical Duty Payment Challans for Export Obligation Discharge Certificate Applications under Advance Authorisation and Export Promotion ...
    TRAI directs use of 1601-series for service, transactional calls by utilities, logistics cos
    Nagaland tax revenue rises to Rs 1,597 crore in FY'26
    India's Russian crude imports hit record for second straight month
    Stolen phone of 88-year-old leads Delhi Police to bust interstate cyber-fraud syndicate; 9 held
    Rupee falls 11 paise to close at 95.28 against US dollar on firm crude oil prices
    Loan Utsav 2026: Bajaj Finance Personal Loan Now Comes with an Exclusive Reward Bundle for Eligible Customers
    Freedom to Spend Smarter: AU Small Finance Bank Credit Cards Bring Rewards, EMI Flexibility and Lounge Access to India''s Biggest Shopping Month
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    August 10, 2026
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    High-speed rail indigenisation and infrastructure performance monitoring require skills development, comparative planning, measurable station assessments and freight-terminal dashboards.
    Parliamentary oversight calls for accelerated indigenisation of high-speed rail components, capacity-building through international expertise, and comparative study of successful high-speed rail systems for future corridors. Redeveloped stations should be assessed through measurable indicators concerning passenger use, accessibility, cleanliness, commercial occupancy, maintenance and feedback, with completed-project practices documented and shared. Operational cargo terminals and cargo-related facilities should be monitored through a digital dashboard covering utilisation, rake performance, mechanisation, connectivity, safety compliance and customer satisfaction.
    August 10, 2026
    Show AI Summary
    MSME and export promotion framework expands finance, technology, infrastructure, sustainability and global-market support for enterprise growth.
    Haryana Progressive MSME and Export Promotion Policy 2026 creates a five-year framework for MSME growth through financial incentives, institutional support, industrial infrastructure, technology adoption and export facilitation. Identified thrust-sector enterprises may receive capital and interest subsidies, stamp duty reimbursement, employment assistance, insurance support, and incentives for automation, artificial intelligence, testing and research. Proposed venture capital and credit guarantee funds seek to improve institutional and collateral-free finance. Export support covers international certifications, credit, insurance, freight, e-commerce, trade fairs, documentation, compliance and buyer connections, alongside sustainability and inclusive entrepreneurship measures.
    August 10, 2026
    Show AI Summary
    Employee data exposure alerts trigger review of alleged password spraying and MFA fatigue, with customer and operational systems unaffected.
    Employee data exposure alerts prompted TCS to review allegations concerning limited basic employee information that appears to be more than four years old. No indication exists that customer data, customer systems, or operational systems have been affected. The alleged vectors involve password spraying and multi-factor authentication fatigue. TCS states that safeguards against these techniques have been in place for more than two years, its controls remain effective, and monitoring and further assessment will continue.
    August 10, 2026
    Show AI Summary
    Mustard honey export demonstrates FPO-led aggregation, quality-focused production and industry collaboration for international agricultural market access.
    Mustard honey export from Tripura to Dubai marks the first international shipment by Dergang Farmer Producer Organisation, supported through export-oriented aggregation and market linkage initiatives. The export creates overseas market access for local beekeepers and farmers, diversifies the honey value chain, and encourages quality-focused production. Industry collaboration supported bee production and an export-oriented supply chain, while capacity building, quality assurance, value addition and market linkages can strengthen agricultural exports and farmer participation in international markets.
    August 10, 2026
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    Digital banking evidence gains recognition through a modernised framework for physical and electronic records, with privacy and security safeguards.
    The Bankers' Books Evidence Bill, 2026, modernises the evidentiary framework for bankers' books by permitting banking records to be produced in physical or electronic form in legal proceedings. It recognises electronic, digital and virtual records and enables the Central Government to extend the regime to other regulated financial entities, supporting a uniform financial-sector evidentiary framework. The framework seeks secure and transparent use of banking records while safeguarding customer privacy, confidentiality and data security.
    August 10, 2026
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    Illicit opioid medicine exports exposed through concealed cargo, clandestine manufacturing, repacking, and attempted transnational trafficking to Nigeria.
    Illicit manufacture and attempted export of controlled opioid medicines were detected in a network producing, concealing, storing and exporting Tramadol Hydrochloride tablets to Nigeria. A consignment declared as Pregabalin capsules contained concealed Tramadol Hydrochloride and Tapentadol tablets. Investigation identified clandestine manufacture, repacking and preparation for export, with searches yielding tablet-compression machinery and raw materials. Tramadol is a psychotropic substance under the Narcotic Drugs and Psychotropic Substances Act, while Tapentadol is regulated under the Drugs and Cosmetics Act and its rules.
    August 10, 2026
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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.
    August 10, 2026
    Show AI Summary
    Cyber-fraud through stolen phones allegedly used mule accounts, banking credentials and coordinated technical operations to divert victims' funds.
    Investigation into unauthorised withdrawals after theft of a mobile phone uncovered an alleged interstate cyber-fraud network using stolen devices, linked banking credentials and mule bank accounts. The scheme allegedly involved phone theft, supply of accounts and banking instruments, and a technical operation that accessed victims' accounts and routed funds for withdrawal or transfer. Digital surveillance, transaction mapping, seized devices, victim data and transaction records are being examined to identify linked complaints and the extent of funds allegedly diverted.
    August 10, 2026
    Show AI Summary
    Rupee depreciation reflected stronger dollar, elevated crude prices and geopolitical uncertainty, while portfolio inflows and equity gains provided support.
    The rupee depreciated against the US dollar amid a stronger dollar, higher global crude oil prices and uncertainty surrounding West Asia-related negotiations. Concerns over crude oil's potential impact on the trade deficit weighed on the currency, while positive domestic equity markets and foreign portfolio investment inflows provided support. Market caution remained focused on forthcoming US inflation data, dollar-index movements and Brent crude prices. Foreign-exchange reserves increased during the reported period.
    August 10, 2026
    Show AI Summary
    Collateral-free personal loans offer extended repayment flexibility, conditional reward benefits, and online application subject to eligibility and disbursal requirements.
    Loan Utsav 2026 provides eligible Bajaj Finance Personal Loan applicants an exclusive reward bundle where the loan is successfully disbursed during the campaign period. The collateral-free facility supports personal expenses, offers repayment tenures from 12 to 108 months, and may enable lower monthly EMI obligations through a longer selected tenure. Interest rates depend on eligibility, credit assessment, financial profile and lending criteria. Online applications require personal and financial details and required documents, with disbursal for eligible applicants possible after verification and approval.
    August 10, 2026
    Show AI Summary
    Credit card payment flexibility supports seasonal shopping and travel through eligible EMIs, rewards, tracking tools and conditional merchant benefits.
    Credit-card spending features include conversion of eligible purchases into EMIs, selected no-cost EMI options, reward points, cashback, merchant discounts and payment flexibility. Travel-related benefits may include domestic airport lounge access, travel-booking discounts, fuel-surcharge waiver and anniversary-linked rewards. The AU 0101 application enables transaction tracking, balance and interest-rate monitoring, EMI conversion and bill-payment management. Features and offers are subject to change, customer eligibility, internal policies and partner-merchant terms.

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      Trump's Russian rapprochement, Mars musings, DOGE dividends, and is gold gone—it's Week 5

      February 23, 2025

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      Washington, Feb 23 (AP) President Donald Trump's fifth week in office included a dramatic shift in US policy toward Russia, firing the country's senior military officer, sitting for a chummy interview alongside bureaucracy-buster Elon Musk and seeking greater authority over independent regulatory agencies.

      Trump also said “inflation is back,” but said his short time back in the White House meant he had "nothing to do” with prices remaining high. That deflection can only work for so long, unless the economic outlook changes. Consumer sentiment suggests that isn't happening.

      A look at where things stand after the first month of Trump's second term: Russian policy shift Trump dispatched top foreign policy advisers to Saudi Arabia for direct talks with Russian officials that were aimed at ending Moscow's war against Ukraine.

      Those meetings did not include Ukrainian or European officials, a matter that has increased tensions between Ukrainian President Volodymyr Zelenskyy and Trump.

      For much of the time since Russia invaded in February 2022, the US, under the Democratic Biden administration, held to the basic tenet of “nothing about Ukraine without Ukraine.” The new Republican administration has dispensed with that notion as Trump has accelerated his push to find an endgame to the war.

      Zelenskyy said Trump was living in a Russian-made “disinformation space.” Trump called Zelenskyy a “dictator” and falsely suggested that Ukraine started the war, though on Friday he acknowledged that Moscow had attacked its neighbour.

      Trump has said he hopes to meet Russian President Vladimir Putin soon — preparations are underway, a Kremlin official said Saturday — and has said the war has cost too many, in lives lost and US money spent equipping Ukraine.

      “I'm not trying to make Putin nicer or better," Trump said during a Fox News Radio interview. “I'm just telling you the fact that war should have never happened” if Trump had been reelected president in 2020.

      Trump's comments have alarmed European leaders and could make for some awkward moments when French President Emmanuel Macron and British Prime Minister Keir Starmer visit the White House in the week ahead.

      Pentagon shakeup as DOGE remains undaunted In an extraordinary move, Trump fired Air Force Gen. CQ Brown Jr, chairman of the Joint Chiefs of Staff. The dismissal of the history-making fighter pilot and respected officer was part of a push to rid the military of leaders who support diversity and equity in the ranks.

      In an online post announcing the move, the president called Brown, only the second Black general to serve in that post, “a fine gentleman and an outstanding leader.” But his ouster sent shockwaves through the Pentagon and was part of a larger wave of dismissals at the Defense Department.

      Meanwhile, federal firings continued to accumulate as Musk's Department of Government Efficiency team pursued more spending cuts.

      On Saturday, Musk gave hundreds of thousands of federal workers a deadline of Monday at 11:59 pm EST to explain what they accomplished over the past week. In an X post, he said failure to respond to an email going out to employees with that request "will be taken as a resignation.” DOGE had some wins in court and posted a savings tracker meant to show taxpayer money being recovered by cancelled contracts and other cuts.

      The amounts listed were sometimes misattributed or erroneous, however, and the totals often didn't add up.

      Trump nonetheless floated the idea of returning as much as 20 per cent of any savings produced by DOGE to taxpayers. Musk suggested USD 5,000 rebate checks might be in the offing, even though generating that much money might require cuts to big-ticket government items such as Social Security.

      Trump and Musk gushed with mutual admiration during a joint, nationally televised interview. Musk also used an appearance at conference of conservatives to wave around a chainsaw meant highlight his leading role in cost-cutting efforts. Yet the White House suggested in a court filing that Musk wasn't heading DOGE, a notion undercut by Trump himself, who said he had “put a man named Elon Musk in charge.” On Saturday, the president posted on his social media site, “ELON IS DOING A GREAT JOB, BUT I WOULD LIKE TO SEE HIM GET MORE AGGRESSIVE.” Americans aren't feeling great about the economy Trump signed an executive order seeking to give the White House control of independent regulatory agencies created by Congress, including the Securities and Exchange Commission and the Federal Trade Commission.

      He and his aides say the economy is ready to roar. But the public is increasingly pessimistic. Trump's constant tariff threats, mass federal layoffs and broader uncertainty about spending cuts and taxes have spooked many consumers.

      “There's clearly something that's still nagging consumers,” economist Ryan Cummings said in an email. “Whether that's elevated price levels, uncertainty surrounding policy, or consumers projecting their feelings about the direction of the country (and world) onto the economy itself.” It's hard to tell what will pique the president's interest next He's already suggested invading Panama and Greenland, making Canada the 51st state and reinventing Gaza as a “Riviera” resort.

      But there's more.

      Last week, the president ordered his administration to take a closer look at Fort Knox, the United States Bullion Depository, “to make sure the gold is there.” That directive came after Musk posted about the site, which has stored precious metal bullion reserves for the US since 1937, potentially having been emptied of gold.

      Trump also mused about the federal government taking back control of the nation's capital, which would reverse more than 50 years of home rule in the District of Columbia.

      And he renewed his ideas about the US sending humans to Mars, suggesting that task could fall to Musk's rocket company, SpaceX.

      Trump's agenda begins advancing in Congress The president has long advocating for one “big, beautiful bill” allowing Congress to address his budget priorities, from funding for the US-Mexico border to extending tax cuts approved during his first term.

      But there are signs he may be wavering.

      “As long as we get to the same point, you know, two bills,” Trump told Fox News Radio. “I guess you could make the case you could do three. You could do 10.” That came after Senate Republicans made the first tangible progress on Trump's funding goals, advancing a budget blueprint that would provide USD 342 billion for border security and defence. It's an approach that would leave the president's prized tax cuts to be dealt with later.

      House Republicans, however, aren't onboard. Speaker Mike Johnson, R-La., is trying to generate support for a more ambitious plan that would also extend the tax cuts.

      But doing so would increase federal deficits by more than USD 4.5 trillion over the next decade. Trump's desire to add new tax breaks by exempting tips, Social Security benefits and overtime from income taxes only boosts the price tag.

      That's creating a difficult balancing act. Johnson has almost no votes to spare with a narrow 218-215 majority for Republicans in the House. Budget hawks back the more than USD 2 trillion in spending cuts over 10 years that are in the blueprint.

      But lawmakers from more divided congressional districts worry their constituents will be harmed in the tradeoff. First-term Republican Rep. Rob Bresnahan of Pennsylvania posted on X that if a bill is put in front of him that “guts the benefits my neighbours rely on, I will not vote for it.” If the House plan falters, then pressure will build to give Trump an early win and take up the Senate approach. (AP) GRS GRS

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