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    Assam Cabinet okays funds for land acquisition for Guwahati satellite city
    ED arrests Chhattisgarh Congress leader in liquor 'scam' case; sent to 7 days' custody
    Sales Tax Assistant Commissioner arrested for demanding bribe of Rs 8 lakh
    Net direct tax kitty grows 23 pc to Rs 8.11 lakh cr on slower refunds, higher non-corp taxes
    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
    ED arrests Chhattisgarh Congress leader in liquor 'scam' case
    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
    Rupee falls 8 paise to 95.38 against US dollar in early trade
    Punjab Assembly passes nine key bills
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    August 11, 2026
    Show AI Summary
    Land acquisition funding and regulatory approvals advance satellite-city development, tax relief, identity enrolment, employment verification, and jail reform.
    Assam Cabinet approvals include first-phase funding for land acquisition and development of the Aerotropolis Satellite City Project and a lease deed for a hotel supporting the Jagiroad semiconductor ecosystem. Measures also provide Aadhaar enrolment relaxation for Moran and Matak communities, zero agricultural tax up to the prescribed net-income threshold, OBC Non-Creamy Layer certificates, and trainee and graduate-assistance funding. Government jobs will be provisionally held pending police verification, with automatic confirmation where no report is submitted within six months. Jail rules will be amended to promote non-discrimination, sanitation, security and fair work allocation.
    August 11, 2026
    Show AI Summary
    Money-laundering investigation into alleged liquor-sale proceeds led to arrest and custodial questioning amid contested political allegations.
    Money-laundering investigation concerning an alleged liquor scam led to the Enforcement Directorate's arrest of Ramgopal Agrawal and seven days' custodial remand under the Prevention of Money Laundering Act. The agency alleged his connection with proceeds of crime, non-attendance despite multiple summonses, and evasiveness during questioning. Allegations concern purported control of the state excise department, illegal liquor sales, and sharing of commissions. The Congress has denied the allegations and described the investigation as politically motivated.
    August 11, 2026
    Show AI Summary
    GST inquiry closure bribery allegations prompted anti-corruption proceedings against a Sales Tax officer under corruption law.
    Alleged bribery in GST inquiry closure led to the arrest of a Sales Tax Assistant Commissioner after a scrap trader complained of a demand for illegal gratification to close an inquiry initiated through a GST show-cause notice. Anti-corruption officials reportedly verified the allegation through intermediaries, during which the officer allegedly agreed to accept payment for closing the matter. A criminal case was registered under the Prevention of Corruption Act, with further investigation ongoing.
    August 11, 2026
    Show AI Summary
    Direct tax collection growth reflected stronger non-corporate taxes and securities transaction tax receipts alongside slower refund issuances.
    Net direct tax collections increased by 23 per cent to over Rs 8.11 lakh crore through August 10, driven by higher non-corporate tax collections and slower refund growth. Gross direct tax collections grew by 19.75 per cent to about Rs 9.55 lakh crore. Net corporate tax collections rose about 20 per cent, net non-corporate tax collections rose 23 per cent, and Securities Transaction Tax collections increased 51 per cent. Refund issuances grew by 3.8 per cent year-on-year.
    August 11, 2026
    Show AI Summary
    Vicarious liability in cheque dishonour cases cannot attach to trust associates without statutory status or transaction-specific involvement.
    Vicarious criminal liability for cheque dishonour under section 141 of the Negotiable Instruments Act does not extend to a trust, because a trust is not a juristic person. A person cannot be summoned merely for alleged active involvement in a trust where the person was neither drawer nor signatory of the cheques, trustee, office-bearer, authorised account operator, guarantor, or executor of transaction documents.
    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
    Show AI Summary
    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.

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      Second Edition of the Startup Mahakumbh begins on a Visionary note for Innovation, Growth, and the Future of India's Start-ups

      April 4, 2025

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      Shri Piyush Goyal at the inaugural ceremony of Startup Mahakumbh with other dignitaries New Delhi, April 04 2025: The second edition of Startup Mahakumbh began at the Bharat Mandapam, in New Delhi today, marking an important milestone of India's entrepreneurial journey. The event is led by FICCI, ASSOCHAM, NASSCOM, TiE, IVCA and Bootstrap Foundation, and supported by GeM, SIDBI, ECGC, DPIIT and MeitY. This landmark event is set to shape the future of India’s startup ecosystem under the theme, ‘Startup India @ 2047: Unfolding the Bharat Story.’ The inaugural function of three-day event was graced by Hon’ble Shri Piyush Goyal, Union Minister for Commerce and Industry. It was also attended by dignitaries such as Shri, Rajesh Kumar Singh, Defence Secretary, Shri, Harsha Vardhan Agarwal, President of Federation of Indian Chambers of Commerce and Industry (FICCI), Shri Navin Kumar Singh, Director General, National Critical Information Infrastructure Protection Centre (NCIIPC). The NCIIPC AI Challenge, a groundbreaking initiative to drive AI-led innovations in safeguarding India's critical digital infrastructure was also launched.

      The opening plenary was hosted in the august presence of Shri Jitin Prasada, Hon’ble Union Minister of State for Ministry of Commerce & Industry and Ministry of Electronics & Information Technology, who also delivered a special speech. The event was inaugurated with the ceremonial lighting of the lamp by dignitaries who are the chief architects of India’s startup movement and have played a critical role in shaping India’s journey in the startup landscape.

      The session saw the presence of esteemed guests - Shri Amardeep Singh, Secretary, DPIIT, Shri Manoj Mittal, Chairman & Managing Director, SIDBI, Shri Satya Narayan Meena, ACEO & CFO GeM, Shri Sristiraj Ambastha, Chairman, ECGC Limited, along with other luminaries, Startup Mahakumbh organizing committee members and industry leaders.

      Speaking on the occasion, Hon’ble Shri Piyush Goyal, Union Minister for Commerce and Industry, said “Just as the Prayagraj Mahakumbh showcased India's spiritual and cultural grandeur to the world, inspiring our youth to take pride in our heritage, India's startup revolution is shaping the nation's economic future. Realising the vision set by our Hon’ble Prime Minister, India's startup ecosystem has grown from fewer than 500 startups in 2016 to over 1.6 lakh today, rewriting the rules of economic progress. With strong policy support, funding initiatives, and an indomitable entrepreneurial spirit, we are building a nation of job creators and innovation leaders. To achieve Viksit Bharat 2047, we must think big, be ambitious, and push beyond conventional boundaries. We need to explore the unknown, take bold risks, and lead India to global dominance in technology and innovation. As we work towards the vision of ‘Jai Jawan, Jai Kisan, Jai Vigyan, and Jai Anusandhan,’ Startup Mahakumbh stands as a testament to India's commitment to fostering entrepreneurship, research, and technological advancement on a global scale.” Shri Jitin Prasada, Honourable Union Minister of State for Ministry of Commerce & Industry and Ministry of Electronics & Information Technology commended the support of all stakeholders in making Startup Mahakumbh a success. He said, “It is not only the government and the stakeholders who are sitting on the dias, but each one who is attending the event, who will and has contributed to the growth story of ensuring India does become the developed nation of Bharat by 2047. Our government is agile that listens legislates and brings policy changes. Now we want the start-up experts, innovators and industry to collaborate for a better, stronger and a more vibrant India, so that we can fulfil our commitment to the people of India by making their lives better and changing it for the good.” Talking about the event, Shri Amardeep Singh Bhatia, Secretary, DPIIT, said, "I am very excited to see the heartening response we have received for the second edition of the Startup Mahakumbh, a very strong force for the Indian startup industry. He added, “Under the Startup India initiative from DPIIT, we have executed various groundbreaking projects and undertaken recurring models to propel the Indian Startup Ecosystem. Today, there are more than 1,60,000 certificates issued for Startup Recognition by DPIIT, creating 18 lakh+ jobs. The journey continues with many progressive policies, initiatives, and programs strengthening India’s position as a global innovation hub.” Shri Sanjiv, Joint Secretary, DPIIT, shared his views on the event, “Startup Mahakumbh is not just a platform—it is a movement that showcases India's innovation potential and paves the way for a stronger, more self-reliant startup ecosystem. The way the startup community, investors, policymakers, and industry leaders have come together to make this event a success is truly commendable. The overwhelming response to this edition of Startup Mahakumbh is a testament to India's thriving entrepreneurial spirit.” The opening day featured sectoral pavilions that focused on AI, Deeptech & Cybersecurity, HealthTech & BioTech, AgriTech, Energy & Climate Tech, Incubators & Accelerators, D2C, FinTech, Gaming & Sports, B2B & Precision Manufacturing, Defence & Space Tech and Mobility. Each pavilion will host sector-based exhibitions, conference sessions, master classes, pitching opportunities, roundtables, etc., to facilitate global exposure and opportunities for startups.

      The D2C segment held one of the key highlights of the inaugural day. It saw the launch of Good Bug’s new product - an Advanced Metabolic System, a natural GLP-1 science offering a sustainable and science-backed solution to weight loss in the presence of Keshav Biyani, Co-founder of The Good Bug, Prabhu Karthikeyan, Co-founder of The Good Bug, and actress Sameera Reddy. The pavilion also saw an interesting Q&A session with Shri Sanjiv Joint Secretary, DPIIT moderated by Archana Jahagirdar, Founder & Managing Partner, Rukam Capital wherein he spoke about initiatives, such as MAARG and BHASKAR, and revealed that they have now committed to INR 91,000 crores in fund of funds, up from last year's INR 10,000 crores.

      Additionally, one of the key features of the day was the report launch by NASSCOM, spearheaded by Achyuta Ghosh, Senior Director and Head- Insights, who delved deeper into the way forward for the industry. Alongside this, the Startup MahaRathi Challenge hosted early to growth-stage startups who pitched their innovative ideas in front of a respected panel of investors and mentors. The room was charged with excitement, as startups battled for funds and mentorship resources.

      Attendees engaged in panel sessions, masterclasses, and fireside chats, learning from industry experts.

      The day ended with a mesmerising performance by Bollywood singer Shalmali Kholgade.

      As curtains drew on the fast-paced first day of Startup Mahakumbh, the intensity and vibrancy of entrepreneurs, investors, and industry captains hinted at greater discourses, collaboration, and innovations in the following days. With more interactive sessions, high-stakes presentations, and policy discussions scheduled, Day 2 is set to further turbocharge the momentum, with a push towards significant impact for the future of Indian entrepreneurship.

      About Startup Mahakumbh Startup Mahakumbh is a first-of-its-kind event bringing together the entire startup ecosystem of India including startups, investors, incubators and accelerators, and industry leaders from several sectors. led by FICCI, ASSOCHAM, NASSCOM, TiE, IVCA and Bootstrap Foundation, and supported by GeM, SIDBI, ECGC, DPIIT and MeitY.

      The second edition of Startup Mahakumbh is set to make a grand return in 2025, building on the tremendous success of its inaugural edition. The flagship startup event was an extraordinary success, attracting over 50,000 business visitors engaging with 3000 exhibitors including finest startups, soonicorns, and unicorns, from 26+ states and 50+ countries. It also hosted 1000+ incubators and accelerators and 1000+ leading angel investors, VCs, and family offices.

      (Disclaimer: The above press release comes to you under an arrangement with NRDPL and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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