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    Sales Tax Assistant Commissioner arrested for demanding bribe of Rs 8 lakh
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    BRICS grouping discussing linking CBDCs, fast payment systems: RBI Guv Malhotra
    PM GatiShakti National Master Plan Enables Integrated and Coordinated Infrastructure Planning
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    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
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    Punjab Assembly passes nine key bills
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    August 11, 2026
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    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
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    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.
    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
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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.

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      25th Edition of Asian Business & Social Forum 2025 and SIT20 Summit

      April 21, 2025

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      New Delhi [India], April 21: AsiaOne Media Group successfully hosted a mega summit namely the 25th Edition of Asian Business & Social Forum 2025 and SIT20 (Saudi Arabia – India – Thailand 20) Conference at the majestic Bharat Mandapam in New Delhi on 16th April 2025, which was attended by eminent personalities from the realm of business, politics, cinema, and arts from all over the globe. The centre of attraction was the participation of diplomats of 20 countries, 2 ministers and distinguished leaders from varied spheres.

      The Forum was graced by the esteemed presence of Prof. S.P. Singh Baghel, Hon'ble Minister of State for Fisheries, Animal Husbandry and Dairying and Panchayati Raj, Government of India, and Shri Puran Chand Nailwal, Hon'ble Minister of State, Uttarakhand Government, and diplomats comprising Ambassadors, Deputy Ambassadors, High Commissioners, and Consuls from the countries of Argentina, Cambodia, Ethiopia, Iceland, Jordan, the Gambia, Kazakhstan, Nepal, Tanzania, Tunisia, Jamaica, Montenegro, Peru, Seychelles, Mongolia, Maldives, Thailand, Uganda, and Zimbabwe. The Forum threw open opportunities to gain valuable insights through some of the significant keynote speeches by prominent personages. It also facilitated networking with renowned leaders from business, social and political spheres.

      The enthralling congratulatory message for AsiaOne by Dr. Ramdas Athawale, Hon’ble Minister of State for Social Justice and Empowerment, Government of India, took the audience by storm. He praised AsiaOne’s efforts in recognising business excellence from all over the globe.

      Throwing open the summit with his welcome speech, Mr. Rajat Raj Shukal, Global Head and Principal Partner, AsiaOne Media Group, said, “Today, it is all about shaping Global business architecture, thus, AsiaOne is being instrumental in bringing together business leaders, diplomats and political leaders from all over the world and through greatest leaders and Asian Business and Social Forum, our endeavour is to bring the people together to this platform of excellence where all these participating brands leaders come together to discuss debate and prepare roadmap for excellence and success leading to sustainable development and eventually march towards a developed India ‘Viksit Bharat’.” Hon’ble Minister Prof. SP Singh Baghel applauded AsiaOne for its endevour to recognize brands and leaders for their exemplary work. He added that good and credible international platforms like AsiaOne become indispensable in this regard. He further asserted that the recognition being given to business brands and leaders through AsiaOne motivates them and also motivates other people such as emerging leaders to move ahead, achieve their goals and contribute to the development of this country.

      Dr. J.C. Chaudhry, Founder and Chairman, Chaudhry Nummero Pvt. Ltd., talked about the importance of spirituality and its impact on business. He was of the view that spirituality is all about self-control and self-devotion and both these qualities are required very much in the world of business. He also showcased the massive ‘Char Dham’ project and invited the audience to visit it at the pious land of Vrindavan.

      Mr. N.B. Naik, Founder and Managing Director of Shares Bazaar and the visionary behind Kisaan Parivar is a dynamic entrepreneur and has been instrumental in transforming the landscape of financial literacy and investment awareness in India. Through Shares Bazaar, he has empowered countless individuals to take control of their financial futures, while Kisaan Parivar reflects his deep-rooted commitment to the upliftment and welfare of India’s farming community. His dual focus on financial inclusion and rural development makes him a true changemaker in both urban and grassroots economies. We were honoured to have his team with us during the event, and everyone applauded his continued dedication to building a more financially informed and socially inclusive India. His popular venture, Where2Invest offers technology-driven alternative investment solutions specializing in identifying market opportunities, targeting premium assets, and riding market trends for long-term wealth creation.

      During the launch of his biography titled ‘Sangharsh, Safalta Se Samarpan Tak,’ Shri Puran Dawar, Chairman, Dawar Group, said, “Struggle always takes a person forward in life.” Dr. Aashish Chaudhry, Chief Orthopedic Surgeoon and Managing Director, Aakash Healthcare Super Speciality Hospital, stressed upon the excellent level of healthcare services, expertise and infrastructure India offers at one fifth to one tenth of the cost incurred in the western countries. “So, let's all together promote healthcare tourism in India and we all need to position India as a global healthcare hub (Vishwa Chikitsalay),” he asserted.

      Mr. Ved Mani Tiwari, CEO of NSDC and Managing Director of NSDC International, said, “we have created NSDC Digital as one platform where the education ecosystem and the skill ecosystem and the employment and entrepreneurship world, they all come together and create opportunities for youth of this country. I will highly recommend that all of you should download that app.” Mr. Alok Kumar, CEO, NSDC International, and Mr. Nitin Kapoor, Vice President, NSDC Academy talked about importance of skilling. They elaborated upon the fact that India supplies skilled manpower to the world and within India too skilling is required with futuristic vision and that is what NSDC is doing through public private partnership through various other joint ventures and collaborations.

      ASIAONE Unifying Global Economies: SIT20 Round Table Conference – Shaping Global Business Architecture With a focus on unifying diverse economies, SIT20 emerged as a landmark inter-business forum, playing an instrumental role in shaping and strengthening the global architecture for business expansion, joint ventures, and cross-border collaborations. At the conference, many diplomats talked about the resources and assets of their countries. They also promoted their countries as tourism and investment destinations and invited the participating delegates to come forward for joint ventures, investments and collaborations. The Ethiopian Ambassador, H.E. Mr. Fesseha Shawel Gebre, Ambassador of Peru, H.E. Mr. Javier Paulinich, High Commissioner of Jamaica, H.E. Mr. Jason Hall, H.E. Prof. Joyce Kakuramatsi Kikafunda, Uganda’s High Commissioner to India, H.E. Mrs. Harisoa Lalatiana Accouche, High Commissioner of Seychelles, H.E. Dr. Janice Darbari, Consul General of Montenegro andAmbassador of Mongolia, H.E. Mr. Ganbold Dambajav talked about the opportunities of collaboration at the conference.

      The 2nd edition of Dr. J. C. Chaudhry Excellence Awards was also organized during the event. The Dr. JC Chaudhry Excellence Award stands as a distinguished accolade, created to celebrate outstanding leaders and organizations across the globe. This prestigious award honours not only their remarkable achievements in field of work but also their profound contributions to societal well-being. Named after Dr. JC Chaudhry, a visionary renowned for his unwavering dedication to excellence and community impact, the award seeks to recognize those who exemplify the harmonious blend of commercial success with social responsibility. By advancing economic growth while fostering positive community development, these leaders embody the true essence of sustainable progress.

      Some of the winning brands and leaders at the forum were: Dr. J. C. Chaudhry, Founder & Chairman Chaudhry Nummero and CHAR DHAM (Jay Kay Trust), Mr. Nanavath Bhupal Naik, Founder & Managing Director of Shares Bazaar & Founder of Kisaan Parivar, Shares Bazaar, My Hub Technologies, Dr. Tapan Singhel, MD & CEO, Bajaj Allianz General Insurance, Dr. Aashish Chaudhry, MD, Aakash Healthcare Super Speciality Hospital, Mr. Munagala Shyam Prasad Garu, Chairman and Managing Director, Tenali Double Horse Group, Mr. Ved Mani Tiwari, CEO – NSDC & MD – NSDC International and National Skill Development Corporation (NSDC), Mr. Harish Kohli, President and Managing Director, Acer India, Rambhajo’s, Mr. Satish Vijaywargi, CEO & Founder - Serene Pharma, Dr. Anju Majeed, Group Executive Chairperson, Sami-Sabinsa Group and Mr. Shaheen Majeed, Global CEO & MD (D. Litt.), Sami Sabinsa Group, Dr. Anton Ravindran, President, Alliance for AI & Humanity (AAIH), Mr. Chetan Singh Hayer, MD, Hayer One Group, Hacker India, Mr. Deepak Thakur, MD & CEO, Mahindra Susten, Dr Sharad Mehra, Regional CEO, Asia and Australia, GUS Global Services (GGS), Mr. Susanta Mohapatra, CEO & CTO, CrudeChem Technology Inc., Mr. Nitin Jain - Chairman & Managing Director and Mr. Hemant Daga - Co-founder & CEO, Neo Wealth & Asset Management, Welspun Living Limited, Dr. Shruti Sharma, CEO, Brindavan Group of Institutions, Mr. Varchasvi Gagal, MD & CEO, Datta Power Infra Private Limited, Mr. Swapnil Agarwal, CEO - Nitya Capital, Mr. Vishal Jain, Pro Chancellor, Vidya University, Case Group, Sanjay Speech Hearing and Rehabilitation Center, Luminous Power Technologies, The Indian Lawyer & Allied Services, Gastro 360, Hylife Group, Finding Roots, FUNDSINDIA PVT WEALTH, Learning Links Foundation, Aspect Global, SBI General Insurance, MyDigi Records, Institute of Rural Management Anand, Cadmech Engineering, Priyadarshani Group of Schools, Kirby Building Systems and structures India, VEN Consulting India, EIILM - Kolkata, Gandour India, Mr. Manish Saxena, Founder & CEO, Meraki Projects India, Masters Logistics Solutions Group, Abdul Samad Al'Qurashi Group, Kesavardhini Products, GLS University, Solis Hygiene Private Limited, Essentia Environments, White Lotus Group, Divine Vision Infratech Pvt. Ltd., Oak & Stone, and others.

      About AsiaOne AsiaOne is a leading international media house and the only business and news magazine with a presence in over 16 countries across Asia, the Middle East, Americas and Africa. AsiaOne has earned its reputation as the "Business Oscars" of the industry. AsiaOne Greatest Brands & Leaders TV series reaches over 38 million viewers across 30 countries and holds a prestigious position in the World Book of Records UK for its significant impact.

      To learn more about the event, research and the greatest brands and leaders, visit www.theworldsgreatestbrands.com, www.theasiasgreatestbrands.com, www.theindiasgreatestbrands.com, www.asiaone.co.in, and www.asiaone.me or write to us at [email protected], [email protected], [email protected], and [email protected].

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

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