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    Naresh Goyal seeks discharge from money laundering case; court asks prosecution to reply to plea
    Parliamentary panel seeks details on Railways’ efforts to boost domestic bullet train capabilities
    Haryana CM Saini launches MSME and Export Promotion Policy 2026
    TCS receives employee data leak alerts; says no impact to customer info
    APEDA Facilitates First-Ever Export of Mustard Honey by Dergang FPO from Tripura to Dubai
    Parliament passes The Bankers' Books Evidence Bill, 2026
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    Loan Utsav 2026: Bajaj Finance Personal Loan Now Comes with an Exclusive Reward Bundle for Eligible Customers
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    Rupee falls 8 paise to 95.25 against US dollar in early trade
    APEDA Facilitates First-Ever Export of GI-tagged Mithila Makhana by Sea Route from Bihar to Australia
    Government signs strategic MoUs with key industry leaders and ecosystems to strengthen support to StartUps
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    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.
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    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.
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    Cyber-fraud through stolen phones allegedly used mule accounts, banking credentials and coordinated technical operations to divert victims' funds.
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    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.
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    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.
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      Pope Leo XIV lays out vision of papacy, identifies AI as main challenge for humanity

      May 11, 2025

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      Vatican City, May 10 (AP) Pope Leo XIV laid out the vision of his papacy Saturday, identifying artificial intelligence as one of the most critical matters facing humanity and vowing to continue with some of the core priorities of Pope Francis.

      But in a sign he was making the papacy very much his own, Leo made his first outing since his election, travelling to a sanctuary south of Rome that is dedicated to the Madonna and is of particular significance to his Augustinian order and his namesake, Pope Leo XIII.

      Townspeople of Genazzano gathered in the square outside the main church housing the Madre del Buon Consiglio (Mother of Good Counsel) sanctuary as Leo arrived and greeted them. The sanctuary, which is managed by Augustinian friars, has been a place of pilgrimage since the 15th century and the previous Pope Leo elevated it to a minor basilica and expanded the adjacent convent in the early 1900s.

      After praying in the church, Leo greeted the townspeople and told them they had both a gift and a responsibility in having the Madonna in their midst. He offered a blessing and then got back into the passenger seat of the car, a black Volkswagen. En route back to the Vatican, he stopped to pray at Francis' tomb at St. Mary Major Basilica.

      The after-lunch outing came after Leo presided over his first formal audience, with the cardinals who elected him pope. In it Leo repeatedly cited Francis and the Argentine pope's own 2013 mission statement, making clear a commitment to making the Catholic Church more inclusive and attentive to the faithful and a church that looks out for the "least and rejected.” Leo, the first American pope, told the cardinals that he was fully committed to the reforms of the Second Vatican Council, the 1960s meetings that modernized the church. He identified AI as one of the main issues facing humanity, saying it poses challenges to defending human dignity, justice and labour.

      Some signs about the future emerge The Vatican, meanwhile, provided hints of its own about the Leo pontificate: It revealed Saturday that Leo would retain the motto and coat of arms that he had as bishop of Chiclayo, Peru that emphasize unity in the church.

      The motto, “In Illo uno unum,” was pronounced by St. Augustine in a sermon to explain that “although we Christians are many, in the one Christ we are one.” The emblem is that of the Augustinian order: a pierced flaming heart and a book, representing the Scriptures.

      The Vatican also provided details about the pectoral cross that Leo is wearing: It was a gift from the Augustinian order when he was made a cardinal in 2023. It contains relics of St. Augustine and his mother, St. Monica, who was crucial in his conversion to Christianity.

      St. Augustine of Hippo is one of the theological and devotional giants of early Christianity. The Augustinian order, formed in the 13th century as a community of “mendicant” friars, is dedicated to poverty, service and evangelization.

      Identifying with Pope Francis Leo referred to AI in explaining the choice of his name: His namesake, Pope Leo XIII, was pope from 1878 to 1903 and laid the foundation for modern Catholic social thought. He did so most famously with his 1891 encyclical Rerum Novarum, which addressed workers' rights and capitalism at the dawn of the industrial age.

      The late pope criticised both laissez-faire capitalism and state-centric socialism, giving shape to a distinctly Catholic vein of economic teaching.

      In his remarks Saturday, Leo said he identified with his predecessor.

      “In our own day, the church offers everyone the treasury of its social teaching in response to another industrial revolution and to developments in the field of artificial intelligence that pose new challenges for the defense of human dignity, justice and labor,” he said.

      Toward the end of his pontificate, Francis became increasingly vocal about the threats to humanity posed by AI and called for an international treaty to regulate it.

      Francis in many ways saw the Chicago-born Augustinian missionary Robert Prevost as something of an heir apparent: He moved him to take over a small Peruvian diocese in 2014, where Prevost later became bishop and head of the Peruvian bishops conference, and then called him to Rome to take over one of the most important Vatican offices vetting bishop nominations in 2023.

      In the speech, delivered in Italian in the Vatican's synod hall — not the Apostolic Palace — Leo made repeated references to Francis and the mourning over his death. He held up Francis' 2013 mission statement, “The Joy of the Gospel,” as something of his own marching orders.

      He cited Francis' insistence on the missionary nature of the church and the need to make its leadership more collegial. He cited the need to pay attention to what the faithful say “especially in its most authentic and inclusive forms, especially popular piety.” Again, referring to Francis' 2013 mission statement, Leo cited the need for the church to express “loving care for the least and rejected” and engage in courageous dialogue with the contemporary world.

      A quick conclave Greeted by a standing ovation, Leo read from his prepared text, only looking up occasionally. Even when he first appeared to the world on Thursday night, Leo read from a prepared, handwritten text in Italian that he must have drafted sometime before his historic election or the hour or so after. He seemed most comfortable speaking off-the-cuff in the few words he pronounced in Spanish.

      Prevost was elected the 267th pontiff on Thursday on the fourth ballot of the conclave, an exceptionally fast outcome given this was the largest and most geographically diverse conclave in history and not all cardinals knew one another before arriving in Rome.

      Madagascar Cardinal Désiré Tsarahazana told reporters on Saturday that on the final ballot, Prevost had received “more” than 100 of the 133 votes. That suggests an extraordinary margin, well beyond the two-thirds, or 89 votes, necessary to be elected.

      A comment from a contender Cardinal Pietro Parolin, the Vatican secretary of state who had been considered one of the top contenders to be pope, offered his congratulations on Saturday in a letter published in his hometown paper, Il Giornale di Vicenza.

      Parolin praised Leo's grasp of today's problems, recalling his first words from the loggia when he spoke of the need for a peace that is "disarmed and disarming." Parolin said he had appreciated Prevost's leadership in Chiclayo, saying he helped handle a particularly thorny problem — with no details — and grew to appreciate his governance more closely at the Vatican handling the bishops' office.

      Specifically, Parolin praised Leo's understanding of people and situations, his “calmness in argumentation, balance in proposing solutions, respect, care and love for everyone.” (AP) GSP

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