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    Net direct tax collection grows 23 pc to Rs 8.11 lakh cr so far this fiscal
    National Accreditation Board for Testing and Calibration Laboratories Launches India’s First Accreditation Scheme for Mobile Food Testing Laboratori...
    Commerce and Industry Minister Shri Piyush Goyal awards top buyers and sellers on GEM platform at the 10th Anniversary celebrations of GEM
    PolicyBazaar working with partners to fast-track Assam flood insurance claims
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    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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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.
August 11, 2026
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Money-laundering investigation targets alleged chit-fund collections, investor-fund diversion, concealed deposits, and irregular land transactions.
Money-laundering investigation into an alleged multi-state chit-fund scheme involved searches at premises linked to Wellfare Buildings and Estates Pvt Ltd and its directors, seizure of cash, vehicles, property-related records and digital devices, and freezing of bank accounts. The alleged scheme concerns unauthorised public-fund collection through land-allotment schemes, followed by closure of operations. Allegations include diversion of investor funds, manipulation of financial statements to conceal deposits, and irregular land transactions intended to suppress actual consideration and evade statutory obligations.
August 11, 2026
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Rupee exchange-rate pressure intensified as crude oil, regional uncertainty and weaker equities constrained the local currency in early trade.
Foreign-exchange market conditions placed the rupee under pressure against the US dollar amid West Asia uncertainty, higher crude oil prices, and weaker domestic equity markets. Foreign institutional investor inflows and Reserve Bank of India intervention supported the rupee and limited further depreciation. Reported dollar sales through state-run banks helped contain downside pressure despite rising Brent crude prices and uncertainty concerning the Strait of Hormuz.
August 10, 2026
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GST refund facilitation expands provisional input tax credit refunds and removes the minimum threshold for export-related IGST refunds.
Punjab's GST amendments facilitate voluntary compliance and reduce procedural burdens by allowing a 90 per cent provisional input tax credit refund in inverted duty structure cases and removing the minimum threshold for IGST refunds on exported goods. Additional measures cap annual fee increases by private unaided educational institutions, establish digital open universities for technology-enabled higher education, protect trees and green cover, and address common infrastructure, panchayati raj, and contractual engagement of outsourced State personnel.
August 10, 2026
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Video-conference statements for an approver application were declined, requiring the accused's statement to be recorded before consideration.
Special CBI Court rejected an accused's request to record her statement through video conferencing in a bank-fraud prosecution. The accused had sought to become an approver, and her statement was required to be recorded before consideration of that application. She and her husband had previously become approvers in a related money-laundering matter involving alleged fraudulent Letters of Undertaking.
August 10, 2026
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Fuel price transparency highlights allegations over excise duty, consumer retail costs, and profit disclosures by state-run oil marketing companies.
Fuel pricing, central excise duty and profits of state-run oil marketing companies are examined through allegations that retail fuel prices and tax policy imposed excessive costs on consumers while generating substantial company profits. The criticism contrasts high crude-price periods with lower retail prices and lower excise duty against a later period in which reduced crude prices were allegedly not passed through to consumers. Profit-margin disclosure is also raised as a transparency issue, with parliamentary information described as covering oil prices, global crude prices and company profits.
August 10, 2026
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Discharge in money-laundering proceedings turns on whether pre-charge material sufficiently establishes the alleged offence.
Discharge in a money-laundering prosecution was sought before a special PMLA court concerning alleged siphoning and laundering of loans advanced to Jet Airways by Canara Bank. The prosecution was directed to respond, subject to the applicant not seeking adjournment. Discharge is available after filing of a chargesheet and before framing of charges where the material before the court is insufficient to establish the alleged offence. The proceedings arise from a CBI FIR concerning alleged bank fraud involving Jet Airways and associated persons.
August 10, 2026
Show AI Summary
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
Show AI Summary
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
Show AI Summary
Employee data exposure alerts trigger review of alleged password spraying and MFA fatigue, with customer and operational systems unaffected.
Employee data exposure alerts prompted TCS to review allegations concerning limited basic employee information that appears to be more than four years old. No indication exists that customer data, customer systems, or operational systems have been affected. The alleged vectors involve password spraying and multi-factor authentication fatigue. TCS states that safeguards against these techniques have been in place for more than two years, its controls remain effective, and monitoring and further assessment will continue.
August 10, 2026
Show AI Summary
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.

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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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