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    Delhi HC halts processing of IT-returns of Supreme Court, high court judges
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August 12, 2026
Show AI Summary
Judicial allowance exemptions under the new tax regime remain disputed, with return processing and resulting demands kept in abeyance.
Tax treatment of specified judicial allowances under the new income-tax regime is disputed. Statutory service-condition provisions are asserted to exclude allowances, including official residence, conveyance, sumptuary allowance and leave travel concession, from income computation and to override the Income-tax Act. Pending consideration, affected judges may show these amounts as receipts not in the nature of income, and their returns are not to be processed further. Any resulting demand remains in abeyance, while refundable amounts are withheld subject to the pending proceedings.
August 12, 2026
Show AI Summary
Corporate closure data highlights worker-claim treatment through insolvency adjudication and liquidation priority, while affected-worker information remains unmaintained.
Corporate closure data recorded 36,211 private companies in Maharashtra as liquidated, dissolved or struck off during the preceding five financial years. Central information is not maintained on workers affected by closures or special rehabilitation packages. In corporate insolvency resolution, employee and worker claims are adjudicated under orders of the adjudicating authority. In winding-up or liquidation, the liquidator deals with pending wages and other admissible statutory dues, subject to available funds and the statutory order of priority.
August 12, 2026
Show AI Summary
Compressed biogas development converts organic waste into cleaner fuel, rural income and reduced dependence on imported fossil fuels.
CBG development is presented as a route for converting agricultural and organic waste into biomethane, bio-fertiliser and briquettes while reducing fossil-fuel imports, crop-residue burning and waste-management burdens. NexGen Energia's asset-light land-partner model uses landowner-provided sites while the company designs, installs and operates plants, including gas upgrading and offtake logistics. Anaerobic digestion and alternative gas-purification technologies support use of agricultural residue, food waste, manure and distillery effluent. Expansion is linked to the GOBARdhan National Circular Bioenergy Scheme, despite capital, feedstock-aggregation and commissioning constraints.
August 12, 2026
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Bilateral trade cooperation advances through investment focal points, services and health working groups, and planned preferential trade agreement negotiations.
India-Namibia economic cooperation is being progressed through agreed follow-up mechanisms focused on value addition, investment facilitation and sectoral collaboration. Investment focal points have been designated, and a Services Working Group is to prepare a work plan for the Joint Trade Committee. Priority areas include health and pharmaceuticals, critical-mineral processing, gems and jewellery, digital payments, FinTech, railways, renewable energy and green hydrogen. Terms of Reference for the India-SACU preferential trade agreement were finalised, with negotiations to begin after signature and conclude within one year.
August 12, 2026
Show AI Summary
AI governance in banking requires explainability, board accountability, rigorous testing, vendor controls and meaningful human oversight for customer-facing decisions.
AI adoption in banking should be governed through a principles-based and proportionate framework that aligns innovation with financial stability, customer protection and accountability. Banks should maintain inventories of AI systems, adopt board-approved governance policies, ensure explainability for material lending and fraud decisions, conduct periodic red-teaming and stress testing, and preserve meaningful human oversight. Key risks include opacity, bias, vendor concentration, third-party dependence, data misuse, cyber vulnerability and loss of institutional accountability. Vendor arrangements require audit and explanation rights and credible exit plans.
August 11, 2026
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Land acquisition funding and regulatory approvals advance satellite-city development, tax relief, identity enrolment, employment verification, and jail reform.
Assam Cabinet approvals include first-phase funding for land acquisition and development of the Aerotropolis Satellite City Project and a lease deed for a hotel supporting the Jagiroad semiconductor ecosystem. Measures also provide Aadhaar enrolment relaxation for Moran and Matak communities, zero agricultural tax up to the prescribed net-income threshold, OBC Non-Creamy Layer certificates, and trainee and graduate-assistance funding. Government jobs will be provisionally held pending police verification, with automatic confirmation where no report is submitted within six months. Jail rules will be amended to promote non-discrimination, sanitation, security and fair work allocation.
August 11, 2026
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Money-laundering investigation into alleged liquor-sale proceeds led to arrest and custodial questioning amid contested political allegations.
Money-laundering investigation concerning an alleged liquor scam led to the Enforcement Directorate's arrest of Ramgopal Agrawal and seven days' custodial remand under the Prevention of Money Laundering Act. The agency alleged his connection with proceeds of crime, non-attendance despite multiple summonses, and evasiveness during questioning. Allegations concern purported control of the state excise department, illegal liquor sales, and sharing of commissions. The Congress has denied the allegations and described the investigation as politically motivated.
August 11, 2026
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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
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Vicarious liability in cheque dishonour cases cannot attach to trust associates without statutory status or transaction-specific involvement.
Vicarious criminal liability for cheque dishonour under section 141 of the Negotiable Instruments Act does not extend to a trust, because a trust is not a juristic person. A person cannot be summoned merely for alleged active involvement in a trust where the person was neither drawer nor signatory of the cheques, trustee, office-bearer, authorised account operator, guarantor, or executor of transaction documents.
August 11, 2026
Show AI Summary
Cross-border payment integration through CBDCs and fast payment systems remains under BRICS discussion to reduce transfer costs.
Cross-border payment integration is under discussion through potential linkages between central bank digital currencies and fast payment systems, including UPI-type platforms. These approaches seek faster and less costly trade and remittance transfers, particularly retail payments, but remain at a discussion stage. Rupee internationalisation is also being pursued through central-bank memorandums of understanding for bilateral trade settlement in local currencies, with existing arrangements covering Indonesia, Maldives, Mauritius and the UAE.
August 11, 2026
Show AI Summary
Integrated infrastructure planning under PM GatiShakti coordinates project evaluation, multimodal connectivity, geospatial data use, and decentralized implementation.
PM GatiShakti National Master Plan provides an integrated, data-driven infrastructure planning framework using geospatial data, satellite imagery and API integration. Project approval, implementation and funding remain with the respective Central Ministries, Departments and States or Union Territories under their own plans and budgetary provisions; the framework sets no separate budgetary allocation or quantified targets. The Network Planning Group evaluates critical Central Government projects at the planning stage for multimodality, synchronisation, last-mile connectivity, comprehensive local development and coordinated decision-making.
August 11, 2026
Show AI Summary
MSME procurement through GeM has expanded alongside analytics-driven controls against suspicious bidding, collusion, and vendor misconduct.
GeM uses AI/ML analytics to detect order splitting, suspicious bidding, abnormal pricing, repeated participation and potential buyer-seller collusion. Flagged cases are placed before buyer organisations for review and action, while suspected cartels are assessed through digital-footprint, pricing and bid-timing indicators. Its Incident Management framework addresses false documents, fraud, collusive behaviour and other misconduct through administrative measures, including suspension. Anti-competitive conduct and cartel formation are Severe/Grave deviations, with proven cases attracting suspension for up to 365 days.
August 11, 2026
Show AI Summary
Direct tax collections show stronger corporate, non-corporate and securities transaction tax receipts, alongside increased refunds during the fiscal period.
Net direct tax collections grew by 23.09 per cent to over Rs 8.11 lakh crore up to August 10 of the current fiscal year, while gross direct tax collections increased by 19.75 per cent to about Rs 9.55 lakh crore. Corporate tax, non-corporate tax including personal income tax, and Securities Transaction Tax receipts recorded growth. Refunds issued between April 1 and August 10 also rose over the corresponding earlier period. Direct tax collections are budgeted at Rs 26.97 lakh crore for the fiscal year.
August 11, 2026
Show AI Summary
Mobile food testing laboratory accreditation expands quality-assured testing access and supports coordinated food-safety surveillance and regulatory efficiency.
NABL has launched an Accreditation Scheme for Mobile Food Testing Laboratories under the Integrated Assessment Programme. The framework enables mobile laboratories to provide reliable, quality-assured and internationally benchmarked food-testing services closer to communities, extending accredited testing beyond conventional laboratory settings. It is intended to strengthen food-safety surveillance, improve access to quality testing, support faster regulatory intervention and enhance consumer confidence. Coordinated assessments, regulatory harmonisation and mutual recognition are also intended to reduce duplication and improve regulatory efficiency while maintaining quality and compliance standards.
August 11, 2026
Show AI Summary
Digital public procurement will expand AI-led price intelligence, marketplace integrity, inclusive access, credit linkages and sustainable purchasing.
Government e-Marketplace is advancing an AI-enabled public procurement ecosystem focused on efficiency, transparency, competition, price intelligence and marketplace integrity. Priorities include last-mile access through Suvidha Kendras, integration of public entities, credit linkages, sustainable procurement and university outreach. A nationwide five-digit Helpdesk short code, 14550, mapped to existing infrastructure, is intended to maintain service continuity and improve access to support and official communications. The platform seeks to provide enterprises with a more accessible and predictable procurement market and buyers with a data-driven procurement experience.
August 11, 2026
Show AI Summary
Expedited flood insurance claims require insurers and partners to simplify documentation and provide immediate service to affected policyholders.
Expedited insurance-claim handling for flood-affected policyholders in Assam is being pursued through simplified documentation, prompt settlement and immediate service response. PolicyBazaar is coordinating with insurer partners to reduce processing delays. The Insurance Regulatory and Development Authority of India has directed insurers, including life insurers and standalone health insurers, to mobilise resources for immediate assistance, alongside governmental efforts for expeditious and hassle-free claim disposal.
August 11, 2026
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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
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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
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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.

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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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