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    BJP demands Vijayan’s resignation from Keralam LoP post over ED findings in CMRL case
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    August 20, 2026
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    Money-laundering allegations over payments without services raise concerns about overseas transfers, identity-linked communications, and mineral smuggling.
    Money-laundering allegations concern claimed payments by Cochin Minerals and Rutile Ltd. to Exalogic Solutions Pvt. Ltd., a company promoted by Veena T., without corresponding services. Searches reportedly yielded handwritten material referring to fund transfers to Dubai and digital material relating to a SIM card obtained in another person's name. Further allegations included overseas fund movement, hawala transfers, and possible thorium or monazite smuggling, all presented as allegations requiring examination.
    August 20, 2026
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    Exchange stabilisation support aims to strengthen foreign-exchange resilience, reduce rollover dependence and restore access to longer-term market financing.
    Pakistan has sought a proposed Exchange Stabilisation Support Facility to reinforce foreign-exchange stability and signal currency resilience to international capital markets. The strategy seeks to reduce reliance on short-term bilateral loans, deposits and rollovers by moving towards market-based financing with longer repayment periods. Improving sovereign creditworthiness through engagement with credit-rating agencies is intended to facilitate international market access, lower borrowing costs and enable longer-maturity debt raising.
    August 20, 2026
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    Elephant ivory trade prohibition supports enforcement against wildlife trafficking, seizure of carved ivory articles, and further investigation.
    Illicit trade in elephant ivory and articles manufactured from it is prohibited under the Wildlife (Protection) Act, 1972, supporting India's CITES obligations. Enforcement action against a wildlife-trafficking syndicate resulted in the interception of four persons and seizure of 54 carved ivory artefacts. The seized articles and apprehended persons were transferred to the State Forest Department for further investigation. The action forms part of continuing measures against unlawful trade in wildlife derivatives and biodiversity threats.
    August 20, 2026
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    Trade deficit pressures persist as energy-import costs and currency weakness offset record automobile and electronics export growth.
    Japan recorded its highest July import and export values since comparable statistics began, but continued to experience a trade deficit as rising energy costs increased import expenditure. Higher crude oil prices and disruption to Middle East supply routes affected an economy reliant on imported oil, while a weak yen raised the cost of fuel, food and raw materials. Strong automobile, semiconductor and electronics exports benefited from currency weakness, which also increased the yen value of overseas earnings.
    August 19, 2026
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    Forged health-scheme cards allegedly enabled ineligible treatment and misuse of public healthcare funds through false beneficiary details.
    Alleged misuse of Ayushman health-scheme cards involved collecting identity and ration-card details by promising free treatment, then creating forged beneficiary cards with false particulars. The alleged scheme enabled treatment for ineligible persons and purported claims of government health-scheme funds. Police arrested five persons, recovered purported forged identity and beneficiary cards, and are investigating possible involvement of hospital and medical-office personnel, the scale of card forgery, and alleged diversion of public funds.
    August 19, 2026
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    MSME competitiveness requires affordable credit, technology adoption, formalisation, sustainable trade and stronger export-market access for inclusive growth.
    MSME development is identified as central to employment generation, exports, entrepreneurship, economic resilience and self-reliance. Key priorities include affordable credit, technology upgradation, supply-chain integration, market access, brand-building and reduced red tape. Formalisation of micro industries is emphasised to expand institutional credit access, while sustainable trade is promoted through green technologies and renewable energy. Export competitiveness is to be strengthened through regional production capabilities and the "One District, One Export Hub" initiative.
    August 19, 2026
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    Supply-side inflation risks support a policy pause pending evidence of broad-based, persistent price pressures and de-anchored expectations.
    Monetary policy calibration remained on hold because food and fuel inflation had not yet produced broad-based or persistent price pressures. The policy pause was supported by limited pass-through of supply-side shocks, contained core inflation and no clear demand-driven overheating. Recalibration depends on incoming evidence of persistent inflation, entrenched supply-side pressures, de-anchored expectations and the evolving growth-inflation dynamic. Geopolitical disruption, volatile oil prices, monsoon conditions and El Nin o-related agricultural risks remain material inflation risks.
    August 19, 2026
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    Examination irregularities investigation examines alleged answer-sheet cheating, managed centres and suspected solver-gang involvement by a biometric operator.
    Alleged examination irregularities involved suspected cheating through the receipt of an answer sheet by an examinee from personnel of a private firm conducting the examination. Police arrested a biometric operator following an investigation into his alleged involvement. His prior work with biometric firms and manpower supply agencies was examined in connection with clues concerning allegedly managed examination centres and a suspected solver gang.
    August 19, 2026
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    Trade restrictions on Iran halt commercial and financial exchanges as regional security threats disrupt maritime commerce and re-export access.
    UAE trade restrictions on Iran halted all trade, commercial exchanges and financial transactions until further notice following reported ballistic-missile incidents and regional security escalation. The UAE assessed the missiles as directed at maritime traffic, while Iran denied launching them. The suspension disrupts the UAE's role as a major trade and re-export gateway for Iran and may increase Iran's economic isolation. Continuing threats to shipping through the Strait of Hormuz also create economic risk for the UAE's regional business, finance and tourism position.
    August 19, 2026
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    Inflation persistence and expectations guide continued rate hold amid supply shocks and uncertainty over broader price pressures.
    Monetary policy calibration remains contingent on clearer evidence that supply-side price shocks are becoming persistent, broad-based inflationary pressures. The policy rate was maintained unchanged amid uncertainty from higher energy costs, supply-chain disruption, an erratic monsoon and food, fuel and input-price risks. Policy tightening may be required if inflation becomes generalised, expectations become de-anchored, or inflation persists. A wait-and-watch approach was preferred pending clearer realised inflation, forecasts, weather effects and global conditions.
    August 19, 2026
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    Online credit card applications streamline comparison, eligibility screening and e-KYC, while approval remains subject to issuing-bank criteria.
    Online credit card applications through the JioFinance app combine card comparison, eligibility checks, electronic verification, application submission and status tracking. Eligibility screening may occur without affecting the applicant's credit score, but approval remains subject to the issuing bank's criteria and internal policies. Aadhaar-based e-KYC or other accepted electronic verification may be used where applicable. Applicants should provide accurate Aadhaar, PAN and mobile details. Eligible approved applicants may receive a virtual card before physical-card delivery, subject to applicable terms and conditions.
    August 19, 2026
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    Comprehensive strategic partnership drives ministerial and business engagements on investment, market access, technology collaboration, skills and agri-food trade.
    India-Singapore economic engagement is being advanced through ministerial and business roundtables under the Comprehensive Strategic Partnership. A multidisciplinary business delegation is undertaking business-to-business, government-to-business and institutional engagements focused on partnerships, investment, market access, technology collaboration and talent development. Agricultural trade cooperation includes promotion of Indian agri-food exports through a retail initiative. The engagement seeks to strengthen trade, investment, digitalisation, advanced manufacturing, skills development, green-economy cooperation and people-to-people ties.
    August 19, 2026
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    International senior notes issuance diversifies the bank's funding sources and expands access to global debt capital markets.
    IDFC FIRST Bank accessed international debt capital markets through its IFSC Banking Unit at GIFT City by issuing inaugural fixed-rate senior notes with a three-year tenor, due in 2029. The notes were offered to investors outside the United States under the Regulation S format. The issuance followed an investment-grade long-term issuer credit rating with a stable outlook, diversifies the bank's funding sources, and creates an avenue for access to global capital markets in support of long-term growth.
    August 19, 2026
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    Closing auction session safeguards market transparency through pooled order matching, backed by immediate action against manipulation and stronger monitoring.
    Closing auction session (CAS) improves transparency and reduces manipulation in end-of-trading price formation by pooling buy and sell orders during a designated closing window for auction-style matching. Manipulation intended to undermine CAS is subject to prompt and stringent action, supported by enhanced monitoring. Responsible use of artificial intelligence and machine learning requires tiered accountability and governance, including kill-switch, human-in-the-loop and data controls. Regulated entities remain responsible for privacy, security and integrity of investor data used by every AI tool they deploy.
    August 19, 2026
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    Foreign exchange market movement shows rupee pressure from elevated crude prices, moderated by reserves, intervention and FCNR(B) inflows.
    Foreign exchange market movement saw the rupee depreciate marginally against the US dollar amid higher global crude oil prices, heightened West Asia tensions, a stronger dollar environment and weaker domestic equity markets. Central-bank intervention and foreign fund inflows provided support. Adequate foreign-exchange reserves and stronger-than-expected FCNR(B) scheme inflows were identified as factors limiting the scope for sharp depreciation.
    August 19, 2026
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    AI reliability engineering expands through an enterprise hub supporting AI assurance, agentic engineering, observability and trusted AI deployment.
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    August 19, 2026
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    Money laundering investigation examines alleged diversion of government contract funds and their use in creating trust and university assets.
    Money-laundering investigation under the Prevention of Money Laundering Act led to searches of premises associated with the Maulana Mohammad Ali Jauhar Trust, its university, linked companies, promoters and a chartered accountant. The inquiry concerns alleged diversion of government contract funds through private contractors and their alleged subsequent use, including for creating assets of the Trust and university. Separate planning-law issues concern allegations that most university buildings were constructed without approved plans.
    August 19, 2026
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    Foreign exchange market conditions supported marginal rupee strength despite crude oil pressures, regional tensions and oil-company dollar demand.
    Foreign exchange market conditions reflected a marginal strengthening of the rupee against the US dollar in early trading, supported by reported Reserve Bank of India intervention, a softer dollar index and foreign institutional equity inflows. Higher global crude oil prices, West Asia tensions and oil-company demand for dollars continued to exert pressure, resulting in a range-bound trading environment.
    August 19, 2026
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    Competition approval for Tata Steel's share acquisition restructures ownership of logistics joint venture following an existing partner's exit.
    Competition approval has been granted for Tata Steel Ltd.'s acquisition of IQ Martrade Holding Und Management GmbH's entire 23% equity shareholding in TM International Logistics Ltd., resulting in IQ Martrade's exit. Following completion, Tata Steel and NYK (Europe) B.V. will hold 74% and 26% equity shareholding, respectively. TM International Logistics primarily serves Tata Steel's logistics and cargo transportation requirements through railway cargo transportation, port operations and cargo handling, freight forwarding, and value-added logistics services.
    August 19, 2026
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    Competition approval enables increased insurtech shareholding through a rights issue, crossing the prescribed ownership threshold in insurance businesses.
    Competition approval has been granted for General Atlantic Singapore ACK Pte. Ltd. to acquire additional shareholding in Acko Technology & Services Private Limited through the target's rights issue, resulting in the acquirer crossing the 25% shareholding threshold on a fully diluted basis. The target is an Indian insurtech company with subsidiaries conducting licensed general and life insurance businesses, while another subsidiary awaits a corporate agency licence for insurance-policy distribution.

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      Upholding constitutional ethos hallmark of CJI Sanjiv Khanna tenure

      May 13, 2025

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      New Delhi, May 13 (PTI) Chief Justice of India (CJI) Sanjiv Khanna on Tuesday concluded a brief yet eventful six-month long tenure, leaving an indelible mark on the judicial landscape with decisions that upheld secularism and battled corruption in public employment.

      Some say he lived up to the expectations and the legacy of his illustrious uncle Justice H R Khanna, who had penned his lone dissent in the ADM Jabalpur case during the Emergency.

      Justice Khanna, also as a maverick, took some unprecedented decisions.

      Some of his directives had the Supreme Court judges disclose their assets whereas the row over the discovery of cash from a sitting judge's official residence paved way for inquiry. His other unheard of decision to open to public collegium records on judge's appointments took everyone by surprise.

      A few days before he demitted office, Justice Khanna brought to an end the political debates that ensued after BJP MP Nishikant Dubey held the CJI responsible for "civil wars" in the country.

      In a befitting reply, the CJI said the Constitution was most supreme.

      While the BJP lawmaker was spared of contempt action, CJI Khanna schooled the lawmaker, who was accused of scandalising and lowering the SC's authority.

      "It is the Constitution that is higher than all of us. It is the Constitution which imposes limits and restrictions on the powers vested in the three organs. The power of judicial review is conferred by the Constitution on the judiciary," he said.

      CJI Khanna, who took oath as the 51st CJI on November 11, 2024, when faced with legal challenges and political headwinds rose to defend constitutional values.

      He delivered a landmark verdict just after becoming the CJI and trashed the pleas challenging the 1976 amendment to the Constitution adding terms "socialist", "secular" and "integrity" to the preamble, observing Parliament's amending power extended to Preamble too.

      He said terms like "socialist" and "secular" were "integral to the Preamble making the "prayers particularly questionable".

      Upholding the policy of zero tolerance towards corruption in public employment, a bench he led annulled appointments of over 25,000 teachers and non-teaching staff in West Bengal schools over irregularities in the selection process.

      In a humane approach to the legal quagmire, he took note of the state's plea of an adverse impact on schools due to the mass annulment and permitted untainted teachers to continue work till December 31, 2025 with a caveat to complete fresh recruitment in the meantime.

      Some decisions brought much-needed calm in otherwise charged situations, particularly when several subordinate courts directed surveys of religious places in disregard of the Places of Worship Act, 1991.

      In December 2024, a bench he led barred new cases and halted coercive actions related to religious sites, effectively containing situations before they spiralled.

      The CJI heard the challenge to Waqf Amendment Act with his bench's observations and questions underlining the key legal shifts from the erstwhile law.

      The case saw Centre filing of a over 1,000-page counter affidavit to the pleas.

      Following extensive hearings, CJI Khanna later marked the matter to his successor Justice B R Gavai's bench.

      Heading a five-judge Constitution bench, CJI Khanna's bench in a majority verdict held courts can modify arbitral awards under the 1996 law on arbitration and conciliation under certain circumstances.

      The cash discovery row involving Justice Varma grabbed headlines and brickbats in equal measure. The issue brought into focus the topic of judicial corruption, often talked in hushed tones in legal circles.

      With judiciary coming under immense scrutiny, the CJI maintained composure and dealt with the situation in a systematic way.

      He first ordered a preliminary probe by Delhi High Court Chief Justice D K Upadhyaya.

      Later, judicial work was withdrawn from Justice Varma in the Delhi High Court, followed by his transfer to the Allahabad High Court sans judicial work.

      After an in-house inquiry panel indicted the judge, the CJI nudged him to resign and later wrote to President Droupadi Murmu and Prime Minister Narendra Modi as Justice Varma refused to resign.

      The decision to put all the details relating to the initial inquiry in the public domain was unprecedented.

      Administratively, the CJI, after assuming the office, said no to oral submissions for urgent listing and hearing of cases and asked lawyers to either send emails or written letters.

      Not once did he breach the practice by allowing senior lawyers to mention urgent matters and get them listed.

      Another step towards judicial transparency came when the CJI mandated public disclosure of assets of Supreme Court judges and opened the collegium's records for public scrutiny.

      Under his leadership, 21 of 33 judges declared their assets publicly, and the collegium processed over 100 proposals, including two Supreme Court appointments.

      The communal utterances of sitting Allahabad High Court judge Justice Shekhar Yadav didn't go down well with the judiciary. The CJI-led collegium summoned the judge to Delhi and reprimanded him.

      The CJI also authored judgments strengthening protection against arbitrary arrests, particularly under economic laws like the GST Act and Customs Act.

      His ruling in the Radhika Aggarwal case underscored coercion cannot be a basis for tax recovery, offering a critical check on abuse of executive power.

      He also chastised the UP Police for weaponising FIRs in civil disputes, calling it a "complete breakdown of the rule of law".

      Before becoming the CJI, Justice Khanna was part of key decisions such as sanctity of EVMs, abrogation of Article 370 and scrapping of the electoral bonds scheme.

      A third-generation lawyer before being elevated to the Delhi High Court, Justice Khanna focused on reducing pendency and speeding up justice delivery.

      Justice Khanna was born on May 14, 1960, and studied law at the Campus Law Centre, Delhi University, before enrolling as an advocate with the Bar Council of Delhi in 1983.

      As a lawyer, he practised in the district courts at the Tis Hazari complex and subsequently moved his practice to the Delhi High Court.

      He had a long tenure as the senior standing counsel for the Income Tax Department and was appointed the standing counsel (civil) for the National Capital Territory of Delhi in 2004.

      Justice Khanna also appeared and argued several criminal cases at the Delhi High Court as an additional public prosecutor and as an amicus curiae.

      Justice Khanna was also the executive chairman of the National Legal Service Authority.

      His uncle, Justice H R Khanna, during his judgeship, made waves when he resigned in 1976. He had penned a dissenting verdict in the infamous ADM Jabalpur case during the Emergency.

      The majority judgment of a Constitution bench verdict upholding the abrogation of fundamental rights during the Emergency was considered a dark day in the history of the judiciary.

      The senior Khanna declared the move unconstitutional and against the rule of law. He paid the price when the erstwhile government at the Centre superseded him with Justice M H Beg, the next CJI.

      Justice H R Khanna was also part of the landmark verdict propounding the basic structure doctrine in the Kesavananda Bharati case of 1973. PTI SJK AMK AMK AMK

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