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    Delhi court sets aside summon order in cheque bounce case
    BRICS grouping discussing linking CBDCs, fast payment systems: RBI Guv Malhotra
    PM GatiShakti National Master Plan Enables Integrated and Coordinated Infrastructure Planning
    GeM Strengthens Participation of MSMEs, Startups, Women Entrepreneurs and SHGs
    Net direct tax collection grows 23 pc to Rs 8.11 lakh cr so far this fiscal
    National Accreditation Board for Testing and Calibration Laboratories Launches India’s First Accreditation Scheme for Mobile Food Testing Laboratori...
    Commerce and Industry Minister Shri Piyush Goyal awards top buyers and sellers on GEM platform at the 10th Anniversary celebrations of GEM
    PolicyBazaar working with partners to fast-track Assam flood insurance claims
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    ED arrests Chhattisgarh Congress leader in liquor scam case
    Register FIR in cases of missing persons immediately, irrespective of age or gender: SC
    ED freezes 182 bank accounts, seizes Rs 1 cr cash in connection to Rs 2k crore chit-fund scam
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    Parliamentary panel seeks details on Railways’ efforts to boost domestic bullet train capabilities
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    August 11, 2026
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    Money-laundering investigation targets alleged chit-fund collections, investor-fund diversion, concealed deposits, and irregular land transactions.
    Money-laundering investigation into an alleged multi-state chit-fund scheme involved searches at premises linked to Wellfare Buildings and Estates Pvt Ltd and its directors, seizure of cash, vehicles, property-related records and digital devices, and freezing of bank accounts. The alleged scheme concerns unauthorised public-fund collection through land-allotment schemes, followed by closure of operations. Allegations include diversion of investor funds, manipulation of financial statements to conceal deposits, and irregular land transactions intended to suppress actual consideration and evade statutory obligations.
    August 11, 2026
    Show AI Summary
    Rupee exchange-rate pressure intensified as crude oil, regional uncertainty and weaker equities constrained the local currency in early trade.
    Foreign-exchange market conditions placed the rupee under pressure against the US dollar amid West Asia uncertainty, higher crude oil prices, and weaker domestic equity markets. Foreign institutional investor inflows and Reserve Bank of India intervention supported the rupee and limited further depreciation. Reported dollar sales through state-run banks helped contain downside pressure despite rising Brent crude prices and uncertainty concerning the Strait of Hormuz.
    August 10, 2026
    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
    Show AI Summary
    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
    Show AI Summary
    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.

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      Customs & Trade

      Donald Trump is reviving fortunes of governments and leaders that talk tough against him

      March 11, 2025

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      Toronto, Mar 11 (AP) Canada's governing Liberal Party appeared poised for a historic election defeat this year. Then Donald Trump declared economic war and threatened to annex the entire country as a 51st state. Now the Canadian Liberals and their new prime minister could come out on top.

      Then there's Mexican President Claudia Sheinbaum, facing a groundswell of visible support at home for her approach to Trump's tariff threats. There's Volodymyr Zelenskyy, who visited the White House last month and was knocked on his heels, then went back to Europe to receive what many offered as a hero's welcome. Even Emmanuel Macron's comeback in French polls might be linked, some say, to his taking a more robust approach with the new U.S. president during recent weeks.

      Saying the United States will always do what's best for the United States first, Trump has shaken up decades of international order. In weeks, he has sent leaders of other nations scrambling to shore up their own economies, partnerships and defenses against a Russia threat — and solidify their own polls at home, too.

      “Trump is like a flaming freight train that is igniting everything in its path,” said Kory Teneycke, a conservative Canadian campaign director. “It's not just a big thing. It's almost the only thing that is moving the electorate right now.” Everyone, it seems, is responding to Trump. But nearly two months after his blizzard of executive orders, threats and trade wars, some leaders are steadying their messages with defiance and plans — not that they will necessarily change the Trump administration's approach to it all.

      Scrambling and dread in EuropeFor great swaths of the European continent, Trump's reversal of three years of support for Ukraine after Russia's invasion was received as an existential matter. Trump's false claim that Zelenskyy started the war — and the American president's thrashing of Zelenskyy in the Oval Office Feb. 28 — undermined 80 years of cooperation with Europe on the understanding that the U.S. would help protect those nations from the Russian threat after World War II. Trump also limited Ukraine's access to intelligence and weaponry.

      The confrontation laid bare the limits of a full-court press by America's allies aimed at reshaping Trump's determination to end Russia's invasion even if the terms are not to Ukraine's liking. And a lot of Europe didn't like it much.

      Leaders immediately backed up the Ukrainian president on social media. Visual confirmation came the next day, when British Prime Minister Keir Starmer enveloped Zelenskyy in a hug in front of 10 Downing Street for all to see. It was a visual hint at what one historian suggests could happen: “Oddly enough, NATO might become kind of a anti-Trump alliance,” said Robert Bothwell, a professor of Canadian history and international relations at the University of Toronto. “He's doing a good job of creating that.” That could happen reasonably quickly; some European leaders are already understanding that Trump is setting them adrift to face Russia alone.

      For years, Trump had complained that NATO allies weren't contributing enough to Europe's defense. Macron, too, had pushed for a stronger, more sovereign Europe since his own election in 2017, and has since insisted that the EU step up and start acting as a strategic world power. And within moments of his Feb. 23 election as Germany's likely next chancellor, Friedrich Merz, declared that his “absolute priority” will be for Europe to “really achieve independence from the U.S.” Germany, Europe's biggest economy, is expected under its likely coalition government to loosen restrictions on borrowing money for defense spending. Meanwhile last week, the EU's 27 member nations signed off on a plan to loosen budget restrictions so that willing EU countries can increase their military spending. But for all that, Europe's leaders were sidelined from talks in Jeddah, Saudi Arabia, Tuesday to end the war.

      Canada's conservatives struggleCanada's federal Conservatives and their leader Pierre Poilievre were heading for a massive victory in Canada's federal election this year — until, Teneycke says, Trump's near-daily trade and annexation threats derailed them.

      “It's the kiss of death to have JD Vance say something nice about you or have Elon Musk tweet out support for you. Every time Musk says something nice about Pierre Poilievre he goes down a point or two,” he said. “Stop helping. You are not helping.” Teneycke was the campaign director for Doug Ford's recent Progressive Conservative party win in the Canadian province of Ontario. Ford's government just won big by having Ford stand up strong for Canada against Trump.

      Trump's trade war and his talk of making Canada the 51st U.S. state have infuriated Canadians, who are booing the American anthem at NHL and NBA games. Some are canceling trips south of the border, and many are avoiding buying American goods when they can. The surge in Canadian nationalism has bolstered the Liberal Party's chances federally in a parliamentary election expected within days or weeks, and Liberal showings have been improving in opinion polls.

      The change in the polls is dramatic. In mid-January a poll by Nanos, the Liberals trailed the opposition Conservatives and Poilievre 47% to 20%. This week the latest poll has the Liberals within 2 points. And that was before the party chose former central banker Mark Carney to replace Justin Trudeau.

      “They are coming right back from the dead,” Bothwell said. “I am amazed. And it is all Trump.” Bothwell says Trump's appeal is merely to American nationalism — what he calls a type of it “that is offensive to all foreigners.” He says Canadians are rallying around the flag as if it's wartime.

      “If somebody comes up and kicks sand in your face and then spits in your eye, you don't like it,” Bothwell said. “It's a response to provocation. And a very serious provocation." Mexico has a less confrontational approachIn Mexico, a jubilant Sheinbaum celebrated with fellow citizens at a huge rally Sunday after many American tariffs were delayed, Although she appears strong now, it is not clear whether the 62-year-old president's political support would weaken if the Mexican economy deteriorates because of tensions with the United States. “The president will overcome everything,” said Mariana Rivera, a 40-year-old social activist who held up a massive Mexican flag as high as her arms allowed.

      While her predecessor and populist ally managed an amicable relationship with Trump in his last term, some questioned if Sheinbaum would be able to strike up the same dynamic. But with approval above 80% and a steady peso, even Sheinbaum's critics have admitted that the leader has been able to navigate the chaotic waters with expertise.

      “She's a leader that has chosen a very rational, reasonable strategy, a strategy that focuses on cooperation … at the same time that Trudeau has come at with very conflictive language,” said Palmira Tapia, a political analyst in Mexico.

      Sheinbaum has repeatedly said she would manage relations with Trump with a “cool head," especially when it comes to Trump's promise of 25% tariffs, something economic forecasters said would sink Mexico's economy into a recession.

      To appease Trump, Sheinbaum has directed 10,000 troops to the U.S.-Mexico border, stepped up crackdowns on fentanyl and sent 29 cartel bosses to face justice in the U.S. While Canada and China immediately responded to last week's tariffs by reciprocating, Sheinbaum bided her time. After Trump said he would delay the tariffs, she turned a planned march into a “festival.” Where will the ripples end? Trump is already so unpopular in Canada that hockey great Wayne Gretzky, a friend of Trump's who has not spoken up for Canada, has become a pariah in his home country.

      “This is Wayne Gretzky — the best-known and best-regarded Canadian in my life time. Since the early 80's this guy has been Canadian like a beaver and maple syrup,” Teneycke said. “He's absolutely iconic, and he would be booed if he took center ice at any NHL game in Canada right now over the Trump thing. It's flabbergasting.” (AP) AS AS

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