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    'Organised loot' of Rs 2.86 lakh crore from people's pockets: Surjewala accuses govt
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    Parliamentary panel seeks details on Railways’ efforts to boost domestic bullet train capabilities
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    Rupee falls 8 paise to 95.25 against US dollar in early trade
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    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
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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
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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
    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
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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.
    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
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    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
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    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
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    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.
    August 10, 2026
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    Foreign-exchange market conditions weakened the rupee as stronger dollar and crude prices offset support from reserve growth and inflows.
    Foreign-exchange market conditions saw the rupee weaken against the US dollar in early trading, influenced by a stronger dollar and higher global crude oil prices. Foreign institutional equity inflows and increased foreign-exchange reserves moderated pressure on the rupee. Market attention remained focused on developments in West Asia and the Reserve Bank of India, alongside movements in the dollar index, crude oil prices and domestic equity markets.
    August 10, 2026
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    GI-tagged Mithila Makhana export facilitation expands sea-route market access while supporting quality compliance and farmer-linked value chains.
    Export facilitation for GI-tagged Mithila Makhana enabled the first commercial sea-route shipment from Bihar to Australia. APEDA, in association with the Bihar agriculture department, supported market access, coordination, capacity building and stakeholder engagement. The export model is intended to improve farmer price realisation, require adherence to global quality standards, and strengthen growers, processors and exporters. A separate HS Code for Makhana has taken effect under the Finance Bill, 2025, supporting product-specific trade classification.

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      Trump hits 'pause' on US aid to Ukraine after Oval dustup, pressuring Zelenskyy on Russia talks

      March 4, 2025

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      Washington, Mar 4 (AP) President Donald Trump has directed a “pause” to US assistance to Ukraine after a disastrous Oval Office meeting as he seeks to pressure Ukrainian President Volodymyr Zelenskyy to engage in peace talks with Russia.

      A White House official on Monday said Trump is focused on reaching a peace deal to end the more than three-year war sparked by Russia's all-out invasion of Ukraine, and wants Zelenskyy “committed” to that goal. The official added that the US was “pausing and reviewing” its aid to "ensure that it is contributing to a solution.” The official spoke on the condition of anonymity to discuss the assistance.

      The moment comes some five years after Trump held up congressionally authorised assistance to Ukraine in 2019 as he sought to pressure Zelenskyy to launch investigations into Joe Biden, then a Democratic presidential candidate. The moment led to Trump's first impeachment.

      Trump in the leadup to his 2024 election win vowed to quickly end the war in Ukraine. He's expressed increasing frustration with Zelenskyy over the war, while simultaneously expressing confidence that Russian President Vladimir Putin can be trusted to keep the peace if a truce in the conflict is reached.

      Trump earlier on Monday slammed Zelenskyy for suggesting that the end of Russia's war against Ukraine likely "is still very, very far away".

      The comments come as prominent Trump allies escalate pressure on Zelenskyy to dramatically change his approach to the US president, who has made quickly ending the war a top priority, or step aside.

      The long complicated relationship between the leaders has reached a nadir following the disastrous White House meeting in which Trump and Vice President JD Vance excoriated Zelenskyy for not being sufficiently thankful for US support for Ukraine since Putin ordered the February 2022 invasion.

      “This is the worst statement that could have been made by Zelenskyy, and America will not put up with it for much longer!” Trump said in a post on his Truth Social platform about the comments Zelenskyy made late Sunday while speaking to reporters in London.

      Trump at an event at the White House later on Monday referred to Zelenskyy's reported comments, and asserted the Ukrainian leader “better not be right about that”.

      “If somebody doesn't want to make a deal, I think that person won't be around very long,” Trump added. "That person will not be listened to very long.” Trump took issue with Zelenskyy suggesting it would take time to come to an agreement to end the war. The Ukrainian leader also tried to offer a positive take on the US-Ukraine relationship in the aftermath of last week's White House meeting.

      Asked by a reporter about the outlines of a new European initiative to end Russia's war, Zelenskyy said: “We are talking about the first steps today, and, therefore, until they are on paper, I would not like to talk about them in great detail.” “An agreement to end the war is still very, very far away, and no one has started all these steps yet," he added.

      But Trump was only further irritated by Zelenskyy's suggesting it will take time for the conflict to come to a close.

      “It is what I was saying, this guy doesn't want there to be Peace as long as he has America's backing and, Europe, in the meeting they had with Zelenskyy, stated flatly that they cannot do the job without the US — Probably not a great statement to have been made in terms of a show of strength against Russia,” Trump added in his post. “What are they thinking?” Zelenskyy took to social media soon after Trump's latest criticism. He did not directly refer to Trump's comments, but underscored that it “is very important that we try to make our diplomacy really substantive to end this war the soonest possible.” “We need real peace and Ukrainians want it most because the war ruins our cities and towns,” Zelenskyy added. “We lose our people. We need to stop the war and to guarantee security.” Trump's national security adviser said Zelenskyy's posture during Friday's Oval Office talks “put up in the air” whether he's someone the US administration will be able to deal with going forward.

      “Is he ready, personally, politically, to move his country towards an end to the fighting?” Mike Waltz said on Fox News' "America's Newsroom" earlier Monday. "And can he and will he make the compromises necessary?” Waltz added another layer of doubt about U.S. support as other high-profile Trump allies have suggested that the relationship between Trump and Zelenskyy is becoming untenable.

      House Speaker Mike Johnson said Sunday that Zelenskyy “needs to come to his senses and come back to the table in gratitude or someone else needs to lead the country” for Ukraine to continue pursuing a peace deal negotiated by the United States.

      Senator Lindsey Graham, a Trump ally who has been a vociferous supporter of Ukraine, said soon after the Oval Office meeting that Zelenskyy “either needs to resign and send somebody over that we can do business with, or he needs to change.” Angela Stent, a former national intelligence officer for Russia and Eurasia at the National Intelligence Council, said Putin is likely in no rush to end the war amid the fissures between Trump and Zelenskyy and Europe and the US about the way ahead.

      “He is not interested in ending the war,” said Stent, a senior fellow at the Brookings Institution in Washington. “He thinks Russia is winning.... And he thinks that as time goes on, the West will be more fractured.” Trump administration and Ukrainian officials had been expected to sign off on a deal during Zelenskyy's visit last week that would have given the US access to Ukraine's critical minerals in part to pay back more than $180 billion in aid the US has sent Kyiv since the start of the war. The White House has also billed such a pact as a way to tighten US-Ukrainian relations in the long term.

      The signing was scrapped after the leaders' Oval Office talks went off the rails and White House officials asked Zelenskyy and the Ukrainian delegation to leave.

      Trump on Monday, however, suggested he hasn't given up on the economic pact, calling it “a great deal”. He added that he expected to speak to the deal during his Tuesday address before a joint session of Congress.

      Representative Brian Fitzpatrick, a Pennsylvania Republican who co-chairs the Congressional Ukraine Caucus, spoke with Zelenskyy's chief of staff, Andriy Yermak, on Monday about getting the mineral rights deal back on track.

      Fitzpatrick after the lengthy call predicted the “deal will be signed in short order”. (AP) SCY SCY

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