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    Union Minister of Commerce and Industry Shri Piyush Goyal Calls for Fair Trading Practices and Taking ‘Make in India’ from Local to Global
    Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman delivers keynote address at Seminar on “Role of the New Development Bank in M...
    Delhi HC halts processing of IT-returns of Supreme Court, high court judges
    Over 36,000 firms shut operations in Maharashtra in 5 yrs; Oppn claims graft, govt interference
    Powering India's Energy Freedom
    Fourth Session of the India-Namibia Joint Trade Committee held in New Delhi
    Winning in the AI Era: The New Playbook for Indian Banks - Inaugural Address by Shri Sanjay Malhotra, Governor, Reserve Bank of India at the FIBAC 202...
    Assam Cabinet okays funds for land acquisition for Guwahati satellite city
    ED arrests Chhattisgarh Congress leader in liquor 'scam' case; sent to 7 days' custody
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    PM GatiShakti National Master Plan Enables Integrated and Coordinated Infrastructure Planning
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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
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    August 12, 2026
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    Fair trading practices and circular production are promoted to strengthen Make in India and expand global market participation.
    Trade and industrial policy messaging encourages businesses to digitise operations, adopt good manufacturing practices, follow fair trading practices, and promote recycling, reuse and a circular economy. Nine free trade agreements are identified as creating preferential market-access opportunities for Indian industry and businesses. MSMEs, entrepreneurs, farmers, fishermen, workers and the services sector are encouraged to expand Indian products and services globally, improve competitiveness through scale, and strengthen the quality, design and brand value associated with Make in India.
    August 12, 2026
    Show AI Summary
    Private capital mobilisation requires credible long-term frameworks, risk-sharing mechanisms, and multilateral partnerships to strengthen infrastructure investment.
    Private capital mobilisation in infrastructure and development finance depends on credible long-term frameworks, investor confidence, project bankability, and balanced risk allocation. Public capital is intended to catalyse rather than replace private investment. Key financing mechanisms include Viability Gap Funding, the Hybrid Annuity Model, credit enhancement, and Infrastructure Investment Trusts. Long-term investment visibility and coordinated connectivity are supported through the National Infrastructure Pipeline and PM Gati Shakti framework, alongside investment measures for freight, rail, waterways, and coastal cargo.
    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
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    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
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    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
    Show AI Summary
    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
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    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
    Show AI Summary
    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
    Show AI Summary
    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.

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      AI-powered trade, innovation deepen China-ASEAN ties

      June 3, 2025

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      NANNING, China, June 3, 2025 /Xinhua-AsiaNet/ -- Vietnamese truckers, armed with AI-enabled gadgets that provide real-time navigation and safety tips, deftly maneuvered their way into China through Friendship Pass in Guangxi Zhuang Autonomous Region.

      Meanwhile, several kilometers away at a buzzing e-commerce industrial park, Southeast Asian live streamers passionately engaged with their viewers, churning out a barrage of speech data for a specialized ASEAN (Association of Southeast Asian Nations) language corpus to improve AI translation models.

      As China and ASEAN continue to deepen their trade ties, the rapid evolution of AI has opened new applications, further boosting economic engagement and reshaping industries across the region.

      ENHANCING CROSS-BORDER TRADE As China's largest land port with ASEAN, Friendship Pass has seen its customs clearance and other port operations being swiftly transformed by AI.

      At a distribution center in Guangxi Pingxiang Comprehensive Bonded Area, a network of wall-mounted AI cameras carefully scans every piece of cargo on deck -- identifying any signs of discrepancies and flagging potential risks in real time.

      The integration of new technology has greatly reduced the need for human intervention, enhancing accuracy and efficiency.

      "In the past, each inspection post needed to be manned by a staffer," said Liang Baoming, head of the smart port project at Friendship Pass. "Now, thanks to this powerful equipment, one worker can oversee a task that used to require an entire shift of people." Throughout this region, the application of AI is revolutionizing the transport and logistics industries.

      In the command center of Guangxi Beitou IT Innovation Technology Investment Group CO., Ltd., located at a sprawling commercial hub in Guangxi's capital city of Nanning, a state-of-the-art risk management platform was actively monitoring real-time interactions between the support staff and a fleet of truckers ferrying goods between China and Vietnam.

      "Our AI-enhanced platform analyzes drivers' facial expressions to spot signs of fatigue and send out real-time safety alerts," said Li Heng, deputy head of the company's technology institute. "Since its launch last June, the system has provided over 5,000 trucks and 10,000 drivers on the road with essential services such as satellite navigation, safe driving tips and emergency responses." The innovation is part of a broader effort to incorporate AI into Guangxi's trade framework, aiming to optimize logistics and increase connectivity with ASEAN economies.

      So far, Beitou has made huge strides in developing a suite of products tailored for ASEAN markets, catering to the region's growing needs in integrated transport, water management, industrial finance and other emerging sectors.

      Among these forward-looking solutions, products like air-ground inspection drones and a digital certificate platform have been meticulously crafted -- to meet the region's urgent demand for more efficient logistics and more secure cross-border services.

      In recent years, AI has played an increasingly important role in fostering deeper trade ties and cultural exchanges.

      This year, an AI translation model for ASEAN languages developed by Guangxi Daring Technology Co., Ltd. is set to widen access to cutting-edge language technologies for potentially under-represented languages in the region.

      "Unlike generic models, this system is fine-tuned for languages like Vietnamese, delivering faster, more accurate translations with lower computational demands," said Wen Jiakai, general manager of the company. "And our focus on ASEAN languages helps ensure a high accuracy rate and linguistic consistency." POWERING REGIONAL INNOVATION The Publicity Department of Guangxi Zhuang Autonomous Region introduced that since the beginning of 2025, China has doubled down on its pledge to build a collaborative future with ASEAN countries in the field of AI, with a host of projects and application scenarios having successively advanced toward rapid deployment.

      In February this year, Guangxi and Laos held a signing ceremony in the Laotian capital of Vientiane, formally establishing the China-Laos AI Innovation Cooperation Center.

      Notably, this groundbreaking initiative marked the first AI-focused innovation platform ever created between China and an ASEAN country, with the primary objective of systematically bolstering Laos's technology foundation for its diverse industries to thrive in the digital age.

      To date, Guangxi and Laos have inked over 10 Letters of Intent, eyeing an enhanced partnership concerning the development of AI and cross-border data sharing.

      In April, Beitou partnered with MY E.G. Services Berhad (MYEG), Malaysia's premier digital services company, to develop the China-Malaysia AI Innovation Center, delving even deeper into areas such as blockchain and robotics.

      Lai Shuiping, chairman of Beitou, highlighted the vast, but largely untapped potential for cooperation between China and ASEAN countries in AI.

      According to Lai, the first project under this initiative will introduce a mutual recognition system for digital identity in both China and Malaysia, with Guangxi set to serve as the initial pilot region.

      Once implemented, the system will empower Malaysian citizens to utilize "MyDigital ID" for seamless access to financial services and tourist attractions, while allowing Chinese citizens to navigate Malaysia with equal ease, paving the way for smoother business transactions and personal interactions.

      This March also marked the official launch of Wuxiang Cloud Valley AI Intelligent Computing Industrial Park in Nanning, as this region continued to step up its efforts in terms of comprehensive AI development, encompassing AI computing power, service platforms, algorithm innovation, and cloud and data security.

      The industrial park has also forged a partnership with local authorities to invest in the building of powerful training clusters and the advancement of research and development (R&D) of customized AI models.

      In addition, this project is expected to generate leasing services for AI computing power designed for ASEAN industries, promoting cross-regional flow and shared use of core AI resources -- including computing power, technologies and talents.

      According to Dong Weijun, the head of the industrial park, efforts are being made to accelerate the deployment of ASEAN-facing AI large models across various sectors, such as agriculture, apparel, consumer electronics, toys and cosmetics, thus nurturing vibrant industry clusters.

      "By cultivating a robust AI industry ecosystem, this initiative will position Guangxi as a new highland of AI innovation tailored for the ASEAN market," he said.

      GUANGXI AS AI HUB FOR ASEAN In a bid to transform itself into a regional center for innovation, Guangxi has spearheaded the development of a cross-border industrial ecosystem by leveraging world-leading R&D from top-tier cities like Beijing, Shanghai, Guangzhou and Shenzhen, integrating these advancements locally before putting them in practice across ASEAN.

      Nanning has also put the building of the China-ASEAN AI Innovation Cooperation Center in motion -- harnessing the power of AI to invigorate a wide array of industries.

      Some prominent global and domestic enterprises have flocked to the city and set up regional operations to explore collaboration opportunities, with partnerships and joint ventures having gradually taken shape in promising fields such as model training, data annotation and AI applications in education and cultural tourism.

      Launched earlier this year, the construction site of the AI Innovation Center at Nanning International Science and Technology Industrial City has become a hive of activity, featuring the frenetic pace of overhead cranes and engineering vehicles in constant motion.

      This project, spanning over 70 square kilometers, marks a significant milestone in China-Singapore industrial cooperation, and focuses on a pivotal trio in terms of bilateral cooperation -- AI, new energy applications and new health technologies.

      To underpin this ambitious vision, Nanning has rolled out an initial policy package aimed at driving the high-quality development of the project, according to an official document.

      This package comprises 22 initiatives spread across seven key areas, including fostering industrial clusters, promoting open data governance, supporting model development and deepening cooperation with ASEAN nations.

      Officials from Guangxi's Department of Industry and Information Technology have revealed that the region has outlined a big picture vision to construct a network of AI industrial parks and cutting-edge manufacturing clusters. The goal is to achieve a production output of AI-related industries that surpasses 100 billion yuan (13.9 billion U.S. dollars) by 2027, thereby initially establishing Guangxi as a leading AI hub for the ASEAN region.

      Source: The Publicity Department of Guangxi Zhuang Autonomous Region (Disclaimer: The above press release comes to you under an arrangement with Asianet and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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