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    Naresh Goyal seeks discharge from money laundering case; court asks prosecution to reply to plea
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    TCS receives employee data leak alerts; says no impact to customer info
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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
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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
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
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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.
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.

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Senate approves funding bill hours before shutdown deadline, sending to Trump for signature

March 15, 2025

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Washington, Mar 15 (AP) The Senate passed a six-month spending bill on Friday hours before a government shutdown, overcoming sharp Democratic opposition to the measure and sending it to President Donald Trump to be signed into law.

The essentially party-line vote, 54-46, reflected gnawing Democratic angst over how to confront the Trump administration as its Department of Government Efficiency fires federal workers and dismantles operations. Democrats argued over whether to fight even risking a shutdown and fumed that Republicans drafted a measure that included little of their input, shortchanging health care, housing and other priorities.

But in the end, enough of the Democratic senators decided a government shutdown would be even worse, and backed Senate Democratic leader Chuck Schumer's strategy to allow the bill to come forward.

"A shutdown will allow DOGE to shift into overdrive," Schumer said. "Donald Trump and Elon Musk would be free to destroy vital government services at a much faster rate." Democrats were confronted with two painful options: allowing passage of a bill they believe gives President Trump vast discretion on spending decisions or voting no and letting a funding lapse ensue. All told, 10 Democrats voted to break the party's filibuster. On final passage, two Democrats supported the bill, and one Republican, Sen. Rand Paul of Kentucky, opposed it.

Schumer gave members of his caucus days to vent their frustration about the options before them, but abruptly switched course and made clear on the eve of voting that he would not allow a government shutdown. His move outraged many in the party who want to fight the Trump agenda, but gave senators room to side with Republicans and allow the continuing resolution, often described as a CR, to advance.

Democrats from all corners looked to pressure senators to kill the bill. House members wrote letters, posted on social media and held press conferences in the hours before the vote.

"The American people sent Democrats to Congress to fight against Republican dysfunction and chaos," said a letter from 66 House Democrats to Schumer.

House Democratic leader Hakeem Jeffries and his team dashed back to the Capitol urging senators to block the bill and negotiate a true compromise with Republicans. Speaker Emerita Nancy Pelosi called the bill "unacceptable".

Some Democrats also argued that Republicans would take the blame for a shutdown, given they controlled all the levers of power in Congress and the White House.

"If you refuse to put forward an offer that includes any Democratic input and you do not get Democratic votes, that is on Republicans," said Sen. Patty Murray, the top Democrat on the Senate Appropriations Committee.

In contrast, Schumer picked up one unexpected nod of support -- from Trump himself, who just a day earlier was gearing up to blame Democrats for any shutdown.

"Congratulations to Chuck Schumer for doing the right thing -- Took guts' and courage!" the president posted on his social media account.

Congress has been unable to pass the annual appropriations bills designed to fund the government, so they have resorted to passing short-term extensions instead. The legislation before the Senate is the third such continuing resolution for the current fiscal year, now nearly half over.

The legislation would fund the federal government through the end of September. It would trim non-defence spending by about USD 13 billion from the previous year and increase defence spending by about USD 6 billion, which are marginal changes when talking about a topline spending level of nearly USD 1.7 trillion.

The Republican-led House passed the spending bill on Tuesday and then adjourned. The move left senators with a decision to either take it or leave it. And while Democrats pushed for a vote on a fourth short-term extension, GOP leadership made clear that option was a non-starter.

Senate Majority Leader John Thune, R-SD, and others made the case that any blame for a shutdown would fall squarely on Democrats. And House Speaker Mike Johnson, R-La., said Republicans stood together to get the job done.

"Shamefully, 99 per cent of Democrats in Congress voted to shut down the government -- simply because they seem to hate President Trump more than they love America," Johnson said.

Meanwhile, some House Democrats lashed out at their colleagues across the Capitol after the vote.

"The constituents I represent need Democrats to stand up to this rogue administration," said Rep. Steven Horsford, D-Nev. "What they got from Senate Democrats today was capitulation instead." But Schumer said Trump would seize more power during a shutdown, because it would give the administration the ability to deem whole agencies, programmes and personnel non-essential, furloughing staff with no promise they would ever be rehired.

Democrats were critical of the funding levels in the bill. But they are more worried about the discretion the bill gives the Trump administration on spending decisions. Many Democrats are referring to the measure as a "blank cheque" for Trump.

Spending bills typically come with specific funding directives for key programmes, but hundreds of those directives fall away under the continuing resolution passed by the House. So the administration will have more leeway to decide where the money goes.

For example, a Democratic memo said the bill would allow the administration to steer money away from combating fentanyl and instead use it on mass deportation initiatives.

Several amendments to the bill failed, but one to eliminate funding for DOGE drew support from a Republican, Sen. Lisa Murkowski of Alaska.

The spending bill before the Senate is separate from the GOP effort to extend tax cuts for individuals passed in Trump's first term and to partially pay for them with spending cuts elsewhere in government.

That second package will be developed in the months ahead, but it was clearly part of the political calculus.

"You are looking at a one-two punch, a very bad CR, then a reconciliation bill coming down, which will be the final kick in the teeth for the American people," said Sen. Bernie Sanders, I-Vt.

Sen. Tom Cotton, R-Ark., said the Democratic arguments for voting against the bill were hypocritical because they were essentially calling for shutting down the government to protect the government.

"Democrats are fighting to withhold the paycheques of air traffic controllers, our troops, federal custodial staff," Cotton said. "They cannot be serious." Senators also unanimously approved a separate bill to fix an unexpected provision in the package that would require the District of Columbia to revert to 2024 budget levels, a cut of some USD 1.1 billion, even though the district raises most of its own money. That bill, which now goes to House, would allow spending at 2025 levels. (AP) RC

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