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    DRI uncovers another clandestine drug manufacturing unit in Maharashtra
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    DGFT Removes Physical Duty Payment Challans for Export Obligation Discharge Certificate Applications under Advance Authorisation and Export Promotion ...
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    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
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    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
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    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
    Show AI Summary
    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
    Show AI Summary
    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.
    August 10, 2026
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    Startup ecosystem support expands through digital payments, cloud access, AI innovation, investment readiness, governance support and global market programmes.
    DPIIT has entered into strategic MoUs to support DPIIT-recognised startups through payment infrastructure, entrepreneurship development, cloud technology, mobility innovation, investment readiness and global-market access. Eligible startups may receive payment and cloud support, technical training, mentorship, startup formalisation assistance, market and investor connections, AI and mobility enablement, and programmes addressing governance, financial readiness, compliance and international expansion. The collaborations promote innovation across digital payments, clean energy, artificial intelligence, climate technology, advanced manufacturing, mobility and automotive technology.
    August 10, 2026
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    UPI transaction charges remain unavailable for consumers and person-to-person payments, while limited threshold-based merchant MDR may be considered.
    Proposed amendment of section 10A of the Payment and Settlement Systems Act, 2007 is intended to support UPI sustainability, technological advancement and resilience. Consumer payments and person-to-person transactions are to remain free. Any future merchant discount rate would apply only to limited merchant transactions above a threshold, at a nominal rate, while most merchant transactions remain free. The framework supports investment in cybersecurity, fraud prevention and infrastructure, alongside a self-sustaining and inclusive digital-payment ecosystem.
    August 10, 2026
    Show AI Summary
    Fair competition cooperation in renewable energy markets advances knowledge-sharing and evidence-based enforcement across interconnected digital and energy markets.
    BRICS competition authorities adopted a Joint Statement strengthening cooperation to promote fair competition, including in renewable energy markets. Cooperation focuses on dialogue, knowledge-sharing and consideration of cross-border competition challenges in digital markets, emerging technologies and the energy transition. Competition enforcement is to remain principled and evidence-based, supporting efficiency, consumer welfare, innovation and merit-based competition. A collaborative renewable-energy competition study identified evolving market dynamics and areas for future cooperation.
    August 10, 2026
    Show AI Summary
    Cost optimisation in public finance strengthens investment decisions, risk allocation, indigenous manufacturing and value-driven government expenditure through specialised financial expertise.
    ICoAS cost optimisation supports public financial management through prudent resource utilisation, financial oversight and improved cost management across government. Its role includes supporting indigenous manufacturing, better investment decisions, efficient public expenditure and maximum value for public spending. With greater private-sector participation and Public-Private Partnerships, ICoAS officers are expected to promote cost efficiency, appropriate risk allocation and sound project structuring. Capacity building emphasises integrity, financial modelling, data visualisation, analytical frameworks and artificial intelligence for improved public-finance management.
    August 9, 2026
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    Co-operative development financing would expand through direct assistance, share-capital participation and wider operational powers for sectoral support.
    National Cooperative Development Corporation (Amendment) Bill, 2026 proposes to broaden the Corporation's mandate to promote co-operative development. It would permit direct loans and grants to co-operative societies and other entities engaged in co-operative development, where funds are used for co-operative purposes. With Central Government approval, the Corporation could participate in the share capital of such entities. The proposals also expand the meaning of foodstuffs, remove geographical restrictions for industrial-goods assistance, and provide additional functional powers.
    August 9, 2026
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    GST compliance failures and electricity subsidy controls raise allegations of financial irregularities and potential losses to the public exchequer.
    Allegations based on a Comptroller and Auditor General report identified purported GST compliance failures involving outstanding tax liabilities, e-way bills generated after cancellation of GST registrations, limited bill scrutiny, non-compliance, and turnover mismatches. The allegations also concerned electricity subsidies extended to consumers with prolonged zero bills or apparent non-residence, presenting these issues as possible financial irregularities and losses to the public exchequer.
    August 9, 2026
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    Money-laundering prosecution complaints allege fund diversion through shell entities, credit-facility evergreening, layered transactions and fictitious project expenditure.
    Money-laundering prosecution complaints allege that funds from toll-road projects and credit facilities were diverted through group companies, contractors, shell entities and conduit accounts. In the toll-road matter, allegedly sham or back-dated subcontracting arrangements and subsequent documentation were used to portray transfers as genuine project expenditure. In the credit-facilities matter, fresh facilities were allegedly used to repay, rotate and evergreen earlier liabilities rather than for sanctioned end-use, with funds layered and presented as legitimate business expenditure or receipts. Attached assets are sought to be confiscated as alleged proceeds of crime.

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      US and Israel look to Africa for resettling Palestinians uprooted from Gaza

      March 14, 2025

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      Jerusalem, Mar 14 (AP) The US and Israel have reached out to officials of three East African governments to discuss using their territories as potential destinations for resettling Palestinians uprooted from the Gaza Strip under President Donald Trump's proposed postwar plan, American and Israeli officials say.

      The contacts with Sudan, Somalia and the breakaway region of Somalia known as Somaliland reflect the determination by the US and Israel to press ahead with a plan that has been widely condemned and raised serious legal and moral issues. Because all three places are poor, and in some cases wracked by violence, the proposal also casts doubt on Trump's stated goal of resettling Gaza's Palestinians in a “beautiful area.” Officials from Sudan said they have rejected overtures from the US, while officials from Somalia and Somaliland told The Associated Press that they were not aware of any contacts.

      Under Trump's plan, Gaza's more than 2 million people would be permanently sent elsewhere. He has proposed the US would take ownership of the territory, oversee a lengthy cleanup process and develop it as a real estate project.

      The idea of a mass transfer of Palestinians was once considered a fantasy of Israel's ultranationalist fringe. But since Trump presented the idea at a White House meeting last month, Israeli Prime Minister Benjamin Netanyahu has hailed it as a “ bold vision.” Palestinians in Gaza have rejected the proposal and dismiss Israeli claims that the departures would be voluntary. Arab nations have expressed vehement opposition and offered an alternative reconstruction plan that would leave the Palestinians in place. Rights groups have said forcing or pressuring the Palestinians to leave could be a potential war crime.

      Still, the White House says Trump “stands by his vision.” Speaking on condition of anonymity to discuss a secret diplomatic initiative, US and Israeli officials confirmed the contacts with Somalia and Somaliland, while the Americans confirmed Sudan as well. They said it was unclear how much progress the efforts made or at what level the discussions took place.

      Separate outreach from the US and Israel to the three potential destinations began last month, days after Trump floated the Gaza plan alongside Netanyahu, according to the US officials, who said that Israel was taking the lead in the discussions.

      Israel and the US have a variety of incentives — financial, diplomatic and security — to offer these potential partners. It is a formula that Trump used five years ago when he brokered the Abraham Accords — a series of mutually beneficial diplomatic accords between Israel and four Arab countries.

      The White House declined to comment on the outreach efforts.

      The offices of Netanyahu and Ron Dermer, the Israeli Cabinet minister and Netanyahu confidant who has been leading Israel's postwar planning, also had no comment.

      But Finance Minister Bezalel Smotrich, a longtime advocate of what he calls “voluntary” emigration of Palestinians, said this week that Israel is working to identify countries to take in Palestinians. He also said Israel is preparing a “very large emigration department” within its Defense Ministry.

      Here is a closer look at the places the officials say have been approached.

      Sudan The North African country was among the four Abraham Accord nations that agreed to normalize diplomatic relations with Israel in 2020.

      As part of the deal, the US removed Sudan from its list of state supporters of terrorism, a move that gave the country access to international loans and global legitimacy. But relations with Israel never took off as Sudan plunged into civil war between government forces and the RSF paramilitary group.

      The conflict has been marked by atrocities, including ethnically motivated killing and rape, according to the UN and rights groups. The International Criminal Court is investigating alleged war crimes and crimes against humanity, and then-President Joe Biden's administration in January said the RSF and its proxies were committing genocide.

      The US and Israel would be hard-pressed to persuade Palestinians to leave Gaza, particularly to such a troubled country. But they could offer incentives to the Khartoum government, including debt relief, weapons, technology and diplomatic support.

      Two Sudanese officials, speaking on condition of anonymity to discuss a sensitive diplomatic matter, confirmed that the Trump administration has approached the military-led government about accepting Palestinians.

      One of them said the contacts began even before Trump's inauguration with offers of military assistance against the RSF, assistance with postwar reconstruction and other incentives.

      Both officials said the Sudanese government rejected the idea. “This suggestion was immediately rebuffed,” said one official. ”No one opened this matter again.” Military chief Gen. Abdel-Fattah Burhan told an Arab leaders' summit last week in Cairo that his country “categorically rejects" any plan that aims to transfer "the brotherly Palestinians from their land under whatever justification or name.” Somaliland Somaliland, a territory of over 3 million people in the Horn of Africa, seceded from Somalia over 30 years ago, but it is not internationally recognised as an independent state. Somalia considers Somaliland part of its territory.

      Somaliland's new president, Abdirahman Mohamed Abdullahi, has made international recognition a priority.

      An American official involved in the efforts confirmed that the US was “having a quiet conversation with Somaliland about a range of areas where they can be helpful to the US in exchange for recognition.” The possibility of US recognition could provide an incentive for Abdullahi to back away from the territory's solidarity with the Palestinians.

      The United Arab Emirates, another Abraham Accord country that has developed strong ties with Israel, once had a military base in Somaliland and maintains commercial interests there, including a port. The territory's strategic location, in the Gulf of Aden waterway near Yemen, home to the Houthi rebel group, could also make it a valuable ally.

      Over the years, Somaliland has been lauded for its relatively stable political environment, contrasting sharply with Somalia's ongoing struggles amid deadly attacks by al-Qaida-linked militant group al-Shabab. Since 1991, Somaliland has maintained its own government, currency and security structures. Still, it has one of the lowest income levels in the world.

      An official in Somaliland, speaking on condition of anonymity because he was not authorized to talk to the media, said his government has not been approached and is not in talks about taking in Palestinians.

      Somalia Somalia has been a vocal supporter of the Palestinians, often hosting peaceful protests on its streets in support of them. The country joined the recent Arab summit that rejected Trump's plan and seems like an unlikely destination for Palestinians, even if they did agree to move.

      Sambu Chepkorir, a lawyer and conflict researcher in Nairobi, Kenya, said it is difficult to understand why Somalia would want to host Palestinians given the country's strong support for Palestinian self-rule.

      “The realignments keep changing, and so maybe there is a hidden agenda in why Somalia,” Chepkorir said.

      A Somali official, speaking on condition of anonymity because he was not authorized to talk to the media, said the country had not been approached about taking in Palestinians from Gaza and there had been no discussions about it. (AP) AMS

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