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    ED arrests ex-Andhra minister K Nageswara Rao in liquor transport 'scam'
    Orris Infrastructure MD Amit Gupta arrested in cheating case
    In a knot: Surat weaving units take voluntary two-day holiday as yarn prices shoot up
    Canada will impose retaliatory tariffs on US goods beginning Sept 8 as trade negotiations collapse
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    Stock Market for Beginners: How to Start Investing Without Feeling Overwhelmed
    CGST Zone detects clandestine pan masala, tobacco unit, detects tax evasion of Rs 160 cr
    Korea Industry Expo (KoINDEX) 2026 Opens at Yashobhoomi on 27 August
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August 23, 2026
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Money-laundering investigation into alleged liquor transport irregularities results in arrests connected with claimed loss to the government exchequer.
Money-laundering proceedings concerning alleged financial irregularities in liquor transport led to the arrest of former Andhra Pradesh minister Karumuri Nageswara Rao under the Prevention of Money Laundering Act. The inquiry concerns alleged wrongful loss to the government exchequer arising from liquor-transport operations. Investigative measures included raids and the arrest of Rao's son, along with arrests of a former state beverages corporation managing director and the person described as the principal accused.
August 23, 2026
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Alleged LLP record forgery raises cheating, breach of trust and conspiracy concerns over unauthorised partnership interest changes.
Alleged forgery, cheating, criminal breach of trust and conspiracy concern purported unauthorised changes to LLP statutory records filed with the Registrar of Companies. The allegations include use of false documents to remove a nominated partner, substitute another person as partner and transfer a partner's interest in the LLP. The matter also draws attention to separate land-collaboration allegations and delayed possession claims by homebuyers in a halted housing project.
August 23, 2026
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Voluntary production curtailment addresses polyester yarn cost volatility as weaving units seek customs-duty relief on inputs.
Voluntary production curtailment by weaving units is being adopted in response to increased polyester yarn and related input costs. Units may reduce shifts or observe periodic holidays according to individual commercial feasibility to limit yarn consumption until prices and fabric-market conditions stabilise. Industry representatives allege that yarn-price increases exceed corresponding input-cost movements and seek examination of possible artificial pricing, along with customs-duty relief on yarn and relevant inputs.
August 22, 2026
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Retaliatory tariffs escalate trade restrictions as historic tariff authority enables duties without prior investigation or a prescribed duration.
Retaliatory tariffs are set to escalate bilateral trade restrictions after the United States imposed tariffs of up to 50 per cent on specified Canadian imports. Canada proposes dollar-for-dollar countermeasures covering sectors including steel, dairy, appliances, agricultural equipment, pulp and paper and electronics. Section 338 of the Tariff Act of 1930 is invoked as the legal basis for the United States measures, permitting presidential import duties up to 50 per cent without a prior investigation or prescribed maximum duration. Escalation creates uncertainty for supply chains and renewal of the United States-Mexico-Canada Agreement.
August 22, 2026
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Reciprocal tariffs reshape Canada-United States trade relations, increasing supply-chain risks and accelerating Canadian trade diversification beyond its primary export market.
Canada-United States trade relations are described as entering a confrontational phase after tariff negotiations collapsed. The United States imposed tariffs on specified Canadian goods, while Canada committed to reciprocal import taxes and suspended negotiations. The dispute marks a retreat from preferential market access and continental integration. Canada's export dependence on the United States may limit retaliation and increase risks to output, employment, investment and integrated supply chains. Trade diversification, non-United States investment and expanded Pacific export infrastructure are identified as responses to a potentially enduring protectionist bilateral relationship.
August 22, 2026
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Retaliatory tariffs on United States goods will target key sectors after trade negotiations failed and reciprocal tariff relief was unavailable.
Retaliatory tariffs on United States goods will take effect from 8 September in response to United States tariffs on Canadian products and unsuccessful negotiations. The dollar-for-dollar measures will cover steel, dairy, appliances, agricultural equipment, pulp and paper, and electronics, with product-specific details to follow. Canada had been willing to remove certain retaliatory tariffs if corresponding United States tariffs were substantially reduced, but considered the final demands unacceptable.
August 22, 2026
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Power tariff revision faces political opposition over increased consumer electricity costs and conflict with prior free-electricity commitments.
Power tariff regulation in Jammu and Kashmir and Ladakh has been revised through approval of an average tariff increase, effective from 1 September 2026. Political representatives have opposed the increase on the ground that it adds to consumer hardship amid unemployment, inflation, and sectoral difficulties. The criticism also contrasts the revised tariff with prior commitments concerning free domestic electricity and gas.
August 22, 2026
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Recruitment examination integrity prompted enforcement scrutiny and proposed disciplinary inquiry, while an officer's absence was attributed to family emergency.
Reported absence of an IAS officer was attributed to a family medical emergency and a pending leave request, rather than enforcement searches concerning an alleged recruitment-examination scam. The officer denied any connection with those searches and expressed willingness to face an inquiry. Enforcement searches at the Karnataka Public Service Commission concerned a money-laundering investigation into alleged recruitment irregularities. The State Cabinet decided to advise suspension of the commission chairperson and initiation of an inquiry after an earlier suspension was set aside for lacking the Cabinet's aid and advice.
August 22, 2026
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Money-laundering and benami asset allegations prompt enforcement proceedings, while the accused officer's brother calls the action selective targeting.
Enforcement proceedings under the Prevention of Money Laundering Act concern allegations that suspended police officer Vijay Choudhary managed numerous assets through benami transactions and engaged in money laundering. An Anti-Corruption Bureau FIR had already been registered in relation to the allegations. Surinder Choudhary characterised the action as selective targeting but maintained that investigating agencies and the judiciary should address and decide matters concerning his family.
August 22, 2026
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Specialised dispute resolution requires technical expertise, timely proceedings, mediation support, and human oversight to safeguard natural justice.
Specialised, timely and effective dispute-resolution mechanisms are necessary for technically complex disputes in telecom, broadcasting, airport tariffs and cyber sectors. Technology may assist legal reasoning but cannot replace judicial reasoning, requiring verification, professional responsibility and meaningful human oversight. Effective specialised adjudication should combine domain expertise with judicial discipline, respond to technical complexity, and protect natural justice, transparency and reasoned decision-making. Mediation and other consensual mechanisms can support dispute resolution.
August 22, 2026
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Form 15CB certification faces scrutiny where inadequate verification allegedly enables foreign remittances through shell companies and false certificates.
Alleged misuse of Form 15CB certification has resulted in criminal proceedings concerning certificates issued for foreign remittances without verification of underlying documents. Form 15CB requires certification of applicable taxability and tax-deduction particulars for specified remittances to non-residents before processing by an authorised dealer. The allegations concern certificates that potentially enabled cross-border transfers through shell or non-existent companies, involving cheating, false certification, false evidence and common intention.
August 22, 2026
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Beginner stock market investing requires regulated accounts, risk-aware financial planning, diversification and informed company assessment before purchasing securities.
Beginner stock market investing requires a bank account, a trading or broking account with a SEBI-registered broker, and a Demat account for electronic holding of securities. Investments involve risk of loss and should align with financial goals, time horizon and loss-bearing capacity. Investors should understand primary and secondary markets, distinguish long-term investing from short-term trading, assess companies before purchase, diversify holdings, consider charges, maintain records and avoid borrowed-money investing, rumours and momentum-driven decisions.
August 22, 2026
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Capacity-based tobacco taxation targets undeclared packing machinery used for clandestine production and clearance without indirect tax payment.
Clandestine manufacture and clearance of pan masala, scented jarda and tobacco products without registration or payment of GST, HSNS Cess and central excise duty was detected through an intelligence-led search. Undeclared Form-Fill-Seal packing machines, workers, finished goods, raw materials, transport vehicles, packing materials and records indicated unaccounted production and clearance. Capacity-based monthly HSNS Cess for pan masala is computed according to the number, type and capacity of installed packing machines, while a corresponding capacity-based central excise levy applies to chewing tobacco, jarda and gutkha.
August 22, 2026
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Trade exhibition connects Korean exporters with Indian buyers through sector-specific consultations and certification guidance for market entry.
KoINDEX 2026 is a business-to-business trade exhibition bringing Korean manufacturers and exporters together with buyers in India and South Asia. It focuses on beauty and personal-care products, processed and functional foods, and construction, building and safety products. Commercial engagement includes pre-matched export consultations with project owners, contractors, distributors, wholesalers, e-commerce platforms and food distribution businesses. A seminar addresses Bureau of Indian Standards certification and market-entry requirements for Korean products entering the Indian market.
August 22, 2026
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Independent PMLA proceedings require separate anticipatory bail assessment; predicate-offence protection alone cannot establish pre-arrest protection.
Protection in a predicate-offence FIR does not automatically extend to independent PMLA proceedings. Anticipatory bail in a money-laundering investigation must be assessed under the applicable PMLA condition and on the material connecting the applicant to alleged proceeds of crime. Relevant considerations include the financial trail, recorded statements, bank-account analysis, compliance with summonses, cooperation with inquiry, and the need for personal participation in evidence collection and confrontation with documentary and digital material.
August 22, 2026
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Financial accessibility for Divyangjans requires compliance standards, practical implementation measures and stronger institutional capacity across financial services.
Accessibility of financial services for Divyangjans was examined through a workshop focused on public sector banks, insurance companies, regulators and public financial institutions. Discussions covered accessibility standards, compliance requirements, legal provisions, practical implementation challenges and institutional best practices under the Sugamya Bharat initiative. Participants considered operational measures to strengthen institutional capacity, inclusivity and equitable access to financial services.
August 22, 2026
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Audit quality enhancement for small and medium auditors emphasises technology, global standards, inspection insights and stronger financial reporting.
Audit quality and financial reporting reliability were the focus of NFRA's outreach programme for small and medium audit firms. The programme promoted professional capacity-building, alignment with contemporary global standards, adoption of appropriate audit technology, and the public-interest role of the accountancy profession. Technical sessions covered audit strategy documentation, risks of material misstatement, and practical lessons from audit-firm oversight to support improved day-to-day audit practice and high-quality financial reporting.
August 22, 2026
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Cartelisation by agro-input dealer associations attracted monetary sanctions, cease-and-desist directions, and mandatory competition-compliance training for responsible officials.
Cartelisation by the two agro-input dealer associations and named individuals contravened Section 3(3)(b) read with Section 3(1) of the Competition Act, 2002. Monetary sanctions were imposed, and association office-bearers were held liable under Section 48. The parties and liable officials were directed to cease and desist from future anti-competitive conduct and to organise competition-compliance training to promote awareness and compliance within the associations.
August 22, 2026
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Circular economy partnerships promote resilient value chains, resource efficiency and sustainable growth alongside evolving India-EU trade integration.
India-Finland circular economy cooperation is being developed through business, technology, investment and commercial partnerships supporting resource-efficient and sustainable growth. Discussions focused on competitive and resilient value chains based on circularity, traceability, resource efficiency and sustainable business practices. Circular economy principles extend beyond waste management into product design, value chains, resource use, skills development and new business models. The India-EU free trade agreement remains subject to legal review and formal ratification and is not yet in force.
August 22, 2026
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Bid rigging through pre-bid exchange of sensitive price information attracted penalties and cease-and-desist directions in tyre procurement.
Bid rigging in tyre procurement was established where Rekha Agencies and SS Marketing exchanged commercially sensitive price-bid information before submitting bids for the Himachal Pradesh Tender 2013. The concerted conduct contravened the prohibition on anti-competitive agreements and bid rigging. Monetary penalties and cease-and-desist directions were imposed on both enterprises. An official of Rekha Agencies was also penalised for liability arising from the contravention, while proceedings against the official of SS Marketing stood abated following his death.

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Customs & Trade

Top 10 Trailblazers Empowering the Next Generation

May 14, 2025

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Unveiled by Kiteskraft Productions LLP CHANDIGARH, India, May 14, 2025 /PRNewswire/ -- India's journey toward a brighter future is led by visionary minds who inspire change, drive innovation, and redefine leadership. Presented by Kiteskraft Productions LLP, Top 10 Trailblazers Empowering the Next Generation celebrates outstanding individuals who are transforming industries and igniting progress. These exceptional leaders and changemakers are not only shaping the present but also building a powerful legacy for generations to come through their dedication, innovation, and unwavering pursuit of excellence Er. Sudhir Kumar Sahu: Mastermind Behind Hirakud and Market Wisdom Er. Sudhir Kumar Sahu, Additional Chief Engineer of the Hirakud Dam Circle in Odisha, brings over 30 years of engineering excellence to one of India's most vital hydro-infrastructure projects—the Hirakud Dam, the world's longest earthen dam. A B.Tech in Civil Engineering from CET, OUAT Bhubaneswar, and a Master's in Structural Engineering, he has led with innovation and integrity since joining the Water Resources Department in 1994.

Beyond engineering, Er. Sahu is a prolific author with 22 books covering mythology and stock market education. Titles like The Kernel of Stock Market Investing and Iron Condor & Reverse Iron Condor have reached readers across 13 countries, simplifying complex trading strategies.

A member of 15+ esteemed institutions, he has received the Rashtriya Gaurav Samman, Kalinga Gaurav Samman, and the Global Apex Award. His blend of technical mastery and financial literacy makes him a rare visionary. Through water and wisdom, he continues to inspire future generations of engineers and investors.

Dr. Mohammed Zoheb Hossain : Transforming Education and Society Dr. Mohammed Zoheb Hossain, a dynamic entrepreneur from Kolkata, is known for his ambition and innovative approach to business. With a strong desire to serve society, he has made remarkable contributions to education and social welfare.

As the founder of Kidderpore Child's World School, he transformed a small kindergarten into a thriving institution with over 1,200 students. His entrepreneurial journey began after earning a PGDBA in 2009, when he became the school's full-time secretary and played a key role in its expansion. Additionally, he established Bismillah Enterprise and Pinnacle Suppliers, showcasing his business acumen.

Dr. Hossain emphasizes social responsibility, quality education, and community engagement. His efforts have earned him numerous awards for contributions to education and social service. A dedicated philanthropist, he supports causes like healthcare, literacy, and disaster relief.

Committed to innovation and adaptability, Dr. Hossain ensures his institutions stay ahead in technology and teaching methods. A respected community leader, he continues to empower individuals and drive positive change in society.

Santhosh Kumar Madhavan: A Visionary in Sustainable Wellness Santhosh Kumar Madhavan is the Managing Director of Raws-N-Greens Healthcare Pvt. Ltd., a Coimbatore-based company specializing in organic, herbal, and natural wellness products. With over two decades of expertise in sales, promotions, and rural marketing, he combines business acumen with a passion for sustainable living. Armed with an MBA in Marketing, he has served as a Strategic Business Consultant for renowned organizations like HLL Life Care Ltd., SHELL Foundation, and Enterprise Works/VITA, where he pioneered alternative distribution models to enable cost-effective last-mile delivery.

Under his leadership, Raws-N-Greens has earned global certifications including ORGANIC, ISO 9001, ISO 22000, ISO 14000, C-GMP, and HACCP, reflecting a strong commitment to quality and international standards. His work goes beyond business—he has empowered over 2,000 women entrepreneurs and championed public health initiatives in underserved communities. With a deep-rooted commitment to innovation, sustainability, and community development, he continues to redefine the future of wellness in India and beyond.

Vaibhav Mishra: 100 Plus Academy: Bridging Education and Excellence Founded in 2011 by IIT Kanpur and IIM Lucknow alumni, 100 Plus Academy is a pioneering institution dedicated to enhancing education by focusing on both academic learning and competitive exam readiness. Serving students from Grade 6 to Grade 12, the academy offers comprehensive programs in STEM subjects, mental ability, reasoning, and preparation for exams like IIT-JEE, NEET, and Olympiads.

The academy's approach is personalized and research-driven, ensuring that students develop not only subject knowledge but also critical thinking, creativity, and problem-solving skills. With a team of experienced educators, including IITians and PhDs, the academy tailors learning to each student's unique strengths. Alongside academics, it integrates life skills such as leadership, communication, financial literacy, and mental wellness, fostering well-rounded individuals. Through innovative teaching methods and AI-powered platforms, 100 Plus Academy provides a holistic learning experience. Its consistent success in producing top achievers reflects the institution's commitment to preparing students for both academic success and leadership roles, making it a trusted choice for ambitious families.

Aaditya Sengupta Dhar: The Young Storyteller Who Wants to Change the World Aaditya Sengupta Dhar, a sixteen-year-old from Mumbai, is using storytelling to drive social change. With six published books, including the Amazon bestseller Kaalchakra and The Teen's Guide to Saving the World, Aaditya inspires teens to embrace their cultural heritage and create a positive impact. His past works have addressed urban animal extinction, the potential of underprivileged children, and sustainability, earning him the 2024 Young Achievers Award.

Through his Vedanomics column in BW Businessworld, Aaditya blends ancient Indian wisdom with modern policy solutions. His Spotify podcast, with nearly 200,000 streams, features CXOs discussing compassionate leadership through values like dharma and ahimsa.

Aaditya's HistoByte contest, India's first historical fiction competition for teens, sparked creativity in youth across 23 cities. As a social entrepreneur, he mentors youth from low-income communities to improve communication skills and employability. His Apna Time Aayega anthology, created with Udaan India Foundation, amplifies their voices for social impact.

Sunil Khosla : Sunil Khosla, a dedicated healthcare professional and social worker from Batala, Punjab, has devoted over two decades to serving in the medical and de-addiction fields. With a Diploma in Pharmacy and registration with the Punjab State Pharmacy Council, he began his journey in healthcare in 1995. Over time, his focus shifted toward addiction recovery, where he has become a driving force for change.

In 2020, he founded Disha Neuropsychiatry & De-addiction Clinic, offering structured, compassionate, and personalized recovery programs that integrate medical, therapeutic, and psychological support. Since then, he has been actively working for the eradication of drug abuse in the border belt of Punjab and Jammu & Kashmir, particularly in the R.S. Pura area—just 6 km from the India-Pakistan border.

During the COVID-19 pandemic, Mr. Khosla collaborated with government health authorities to ensure timely treatment and services. He also organized food and medicine drives in endemic-affected areas, conducted blood donation camps, and partnered with the Department of Health and Social Security to treat children with heart conditions. He is currently pursuing his doctoral degree to further enhance his impact.

Dharam Gupta: Royal Rapchee India's First OTT Platform to Secure AED 50 Million Investment Royal Rapchee has made history as India's first OTT platform to secure an AED 50 million investment from Dubai-based investors. Founded by Dharam Gupta, Managing Director of Rapchee Originals Media Pvt. Ltd., the platform champions independent creators and aims to revolutionize the digital entertainment space.

A veteran of Indian television, Dharam Gupta has contributed to popular shows like Saavdhan India, Comedy Circus, and Baalveer, serving as production manager and head of production. In 2017, he launched Water Drop Entertainment & Media Pvt. Ltd., earning recognition for filming Crime Alert episodes internationally—an unprecedented move in Indian crime dramas.

Royal Rapchee offers a diverse platform for web series, short films, music videos, and non-fiction content, focusing on compelling narratives over celebrity appeal. Global outreach is led by Rapchee Marketing Management, based in Dubai and also headed by Gupta. With its creator-first approach and international backing, Royal Rapchee is set to redefine the global OTT landscape.

Ar. Shraboni Gajjar: Designing Spaces with Purpose and Passion Architect Shraboni Gajjar, founder of espacioLINES in Ahmedabad, believes that functionality lies at the heart of great design. Inspired by her father's modest interior design practice, she developed a passion for creating spaces that are both aesthetically refined and purpose-driven. With a strong foundation in thoughtful spatial planning, she launched espacioLINES to craft environments that respond to user needs, context, and collaboration.

Her design approach emphasizes practical elegance—optimizing materials, lighting, and space within budget constraints. Each project becomes a shared emotional journey, shaped by dialogue and intent. Over the years, her style has transitioned from ornate to minimal and meaningful, reflecting growth and clarity.

From fast-paced landscape work in Ayodhya to navigating pandemic-era challenges, Shraboni values hands-on site involvement and adaptability. Outside the studio, she enjoys Zumba, painting, and dreams of building a sanctuary for stray animals. For Shraboni, architecture is more than design—it's a soulful expression that brings joy, resilience, and purpose to life.

Dr. B. Nandha Kumar: Empowering Progress Through Leadership Born on June 25, 1972, in Athigaratty Village, Ooty, Dr. B. Nandha Kumar is a dynamic leader known for professional excellence and social commitment. Inspired by his father, J. Bheeman—a respected headmaster and National Teacher's Awardee—he developed strong values of dedication and integrity early in life.

He holds a B.Sc. in Computer Science from Bharathiar University, a B.Ed. from Annamalai University, an MBA in Marketing and HR from Madras University, and a Ph.D. in Management from Golden State University, USA.

Over three decades, he has excelled across banking, NBFCs, healthcare, and FMCG. Starting at Surya Fire Services, he earned distinction at Muthoot Fincorp Ltd. and HDFC Bank, receiving the HERO HONDA-CD Dawn, Silver Star, Gold Star, and Champions Awards.

In 2022, he became Director of Janaasha Group, leading Janaasha TN Nidhi Ltd. and Janaasha Appliances Pvt. Ltd. His visionary leadership and commitment to financial inclusion have earned him national recognition and multiple honors.

Mr. Manish Kapoor: Driving India's Global Trade Vision Mr. Manish Kapoor is the visionary Founder and CEO of Connecting India, the country's first Factory-to-Buyer (F2B) export platform, empowering Indian manufacturers to connect directly with global buyers. With over 20 years of entrepreneurial experience across Defense, Retail, Hospitality, and International Trade, Mr. Kapoor is known for identifying innovative business solutions.

He began his journey in 2003 with his family business and later took on turnkey projects for brands like Café Coffee Day, Devyani International, Levi's, Puma, and Benetton. In 2015, he launched the restaurant brand Amritsarwala in Amritsar and Hyderabad. By 2017, he ventured into exports, successfully shipping animal by-pass fat to the USA.

Following extensive research in Canada and the USA (2022–2023), he launched Connecting India in 2024 to offer Indian manufacturers global market access, logistics, and export facilitation.

He received the Bharat Business Award 2025 from Ashneer Grover for Excellence in Global Trade and is a core member of BNI JAAGUAR a top-performing WORLD RECORD CHAPTER About Kiteskraft Productions LLP Kiteskraft Productions LLP, established in 2019, is a premier organizer of National and International Conferences and Award ceremonies across sectors like Education, Business, Healthcare, NGOs, and Entertainment. With a mission to recognize excellence, Kiteskraft honors individuals who drive innovation and outcome-based learning. Certified by ISO and MSME, and registered under MCA, it upholds high standards of quality. Recognized by the Scholar's Book of World Records, Kiteskraft fosters industry collaboration through impactful events. With a dedicated team and a vision for excellence, Kiteskraft Productions LLP continues to inspire, empower, and shape a brighter future. Visit www.kiteskraft.com for more.

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

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