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    DRI uncovers another clandestine drug manufacturing unit in Maharashtra
    Delhi HC gives Kejriwal 4 weeks to respond to ED pleas against acquittal in two cases
    Pesticide residues found in 58 food samples tested in Kerala, says Minister Siddique
    DGFT Removes Physical Duty Payment Challans for Export Obligation Discharge Certificate Applications under Advance Authorisation and Export Promotion ...
    TRAI directs use of 1601-series for service, transactional calls by utilities, logistics cos
    Nagaland tax revenue rises to Rs 1,597 crore in FY'26
    India's Russian crude imports hit record for second straight month
    Stolen phone of 88-year-old leads Delhi Police to bust interstate cyber-fraud syndicate; 9 held
    Rupee falls 11 paise to close at 95.28 against US dollar on firm crude oil prices
    Loan Utsav 2026: Bajaj Finance Personal Loan Now Comes with an Exclusive Reward Bundle for Eligible Customers
    Freedom to Spend Smarter: AU Small Finance Bank Credit Cards Bring Rewards, EMI Flexibility and Lounge Access to India''s Biggest Shopping Month
    Rupee falls 8 paise to 95.25 against US dollar in early trade
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    Government signs strategic MoUs with key industry leaders and ecosystems to strengthen support to StartUps
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    Competition Commission of India (CCI) hosts BRICS Heads of Competition Authorities 2026 meeting
    ICoAS fraternity reaffirms commitment to cost optimisation for Atmanirbhar Bharat on ICoAS day 2026
    Govt to introduce bill in Lok Sabha to broaden NCDC's mandate for co-operative sector growth
    AAP govt indulged in large-scale financial irregularities, caused losses to exchequer: Delhi minister
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    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.
    August 10, 2026
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    Pesticide residue concerns drive organic farming, school agriculture initiatives, infrastructure financing and climate-resilience support for farmers.
    Food-safety concerns arising from pesticide residues and toxic substances are to be addressed through organic vegetable farming, household cultivation and the Kathir school-farming initiative. Kathir provides for institutional farming, teacher and committee support, markets, student training and clubs, with possible academic weightage for agricultural participation. Agricultural infrastructure financing supports post-harvest management, value addition, processing, packing, marketing and exports. Additional measures include banking support, agricultural technology adoption, women-farmer support and schemes addressing climate-related floods and drought.
    August 10, 2026
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    Digital EODC processing removes physical duty challans through authenticated payment verification for export authorisation closure.
    Export Obligation Discharge Certificate processing under the Advance Authorisation and Export Promotion Capital Goods schemes no longer requires physical duty-payment challans for voluntary customs-duty payments made on or after 1 August 2026. Authenticated licence-wise payment information is electronically transmitted from Customs/ICEGATE to DGFT systems and mapped to the relevant authorisation. Exporters can verify payment details on the customer portal, while Regional Authorities use corresponding back-office records, replacing manual submission and verification for authorisation closure.
    August 10, 2026
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    Trusted service-call numbering requires verified utilities and logistics entities to use dedicated numbers exclusively for transactional and service communications.
    The 1601-series is introduced for verified utilities, courier and logistics entities making service and transactional voice calls. Numbers must be allocated directly to eligible entities, not intermediaries or aggregators, following verification by telecom service providers and an undertaking of exclusive use. Promotional voice calls are prohibited on this series and remain associated with the 140-series. The framework separates these calls from the 1600-series reserved for regulated financial-sector and government-to-citizen communications, supporting consumer recognition of legitimate calls and reducing impersonation risks.
    August 10, 2026
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    GST revenue collection drives tax growth while data scrutiny, taxpayer verification, and compliance capacity remain key administrative priorities.
    GST constituted the principal component of tax revenue for the 2025-26 fiscal year. Tax administration faces staff shortages, information-technology upgrade needs, and increased workloads from taxpayer registrations and return filings. Compliance oversight requires GST data scrutiny, risk assessment, identification of unregistered taxpayers, tax-evasion detection, and field verification of high-risk taxpayers. Long-term revenue planning sets progressively higher collection targets through 2063.
    August 10, 2026
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    Russian crude imports reshape India's refining trade as processed petroleum products reach sanctioning jurisdictions despite import restrictions.
    Indian imports of Russian crude oil reached a second consecutive monthly record in July 2026, with Russian crude forming the dominant share of India's Russian fossil-fuel purchases and more than half of total crude imports. Higher receipts through smaller terminals offset reduced volumes at Paradip. Indian refineries processing Russian crude also exported refined petroleum products to sanctioning jurisdictions, including the European Union, Australia and the United States, despite the European Union prohibition on imports of oil products made from Russian crude.
    August 10, 2026
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    Cyber-fraud through stolen phones allegedly used mule accounts, banking credentials and coordinated technical operations to divert victims' funds.
    Investigation into unauthorised withdrawals after theft of a mobile phone uncovered an alleged interstate cyber-fraud network using stolen devices, linked banking credentials and mule bank accounts. The scheme allegedly involved phone theft, supply of accounts and banking instruments, and a technical operation that accessed victims' accounts and routed funds for withdrawal or transfer. Digital surveillance, transaction mapping, seized devices, victim data and transaction records are being examined to identify linked complaints and the extent of funds allegedly diverted.
    August 10, 2026
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    Rupee depreciation reflected stronger dollar, elevated crude prices and geopolitical uncertainty, while portfolio inflows and equity gains provided support.
    The rupee depreciated against the US dollar amid a stronger dollar, higher global crude oil prices and uncertainty surrounding West Asia-related negotiations. Concerns over crude oil's potential impact on the trade deficit weighed on the currency, while positive domestic equity markets and foreign portfolio investment inflows provided support. Market caution remained focused on forthcoming US inflation data, dollar-index movements and Brent crude prices. Foreign-exchange reserves increased during the reported period.
    August 10, 2026
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    Collateral-free personal loans offer extended repayment flexibility, conditional reward benefits, and online application subject to eligibility and disbursal requirements.
    Loan Utsav 2026 provides eligible Bajaj Finance Personal Loan applicants an exclusive reward bundle where the loan is successfully disbursed during the campaign period. The collateral-free facility supports personal expenses, offers repayment tenures from 12 to 108 months, and may enable lower monthly EMI obligations through a longer selected tenure. Interest rates depend on eligibility, credit assessment, financial profile and lending criteria. Online applications require personal and financial details and required documents, with disbursal for eligible applicants possible after verification and approval.
    August 10, 2026
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    Credit card payment flexibility supports seasonal shopping and travel through eligible EMIs, rewards, tracking tools and conditional merchant benefits.
    Credit-card spending features include conversion of eligible purchases into EMIs, selected no-cost EMI options, reward points, cashback, merchant discounts and payment flexibility. Travel-related benefits may include domestic airport lounge access, travel-booking discounts, fuel-surcharge waiver and anniversary-linked rewards. The AU 0101 application enables transaction tracking, balance and interest-rate monitoring, EMI conversion and bill-payment management. Features and offers are subject to change, customer eligibility, internal policies and partner-merchant terms.
    August 10, 2026
    Show AI Summary
    Foreign-exchange market conditions weakened the rupee as stronger dollar and crude prices offset support from reserve growth and inflows.
    Foreign-exchange market conditions saw the rupee weaken against the US dollar in early trading, influenced by a stronger dollar and higher global crude oil prices. Foreign institutional equity inflows and increased foreign-exchange reserves moderated pressure on the rupee. Market attention remained focused on developments in West Asia and the Reserve Bank of India, alongside movements in the dollar index, crude oil prices and domestic equity markets.
    August 10, 2026
    Show AI Summary
    GI-tagged Mithila Makhana export facilitation expands sea-route market access while supporting quality compliance and farmer-linked value chains.
    Export facilitation for GI-tagged Mithila Makhana enabled the first commercial sea-route shipment from Bihar to Australia. APEDA, in association with the Bihar agriculture department, supported market access, coordination, capacity building and stakeholder engagement. The export model is intended to improve farmer price realisation, require adherence to global quality standards, and strengthen growers, processors and exporters. A separate HS Code for Makhana has taken effect under the Finance Bill, 2025, supporting product-specific trade classification.
    August 10, 2026
    Show AI Summary
    Startup ecosystem support expands through digital payments, cloud access, AI innovation, investment readiness, governance support and global market programmes.
    DPIIT has entered into strategic MoUs to support DPIIT-recognised startups through payment infrastructure, entrepreneurship development, cloud technology, mobility innovation, investment readiness and global-market access. Eligible startups may receive payment and cloud support, technical training, mentorship, startup formalisation assistance, market and investor connections, AI and mobility enablement, and programmes addressing governance, financial readiness, compliance and international expansion. The collaborations promote innovation across digital payments, clean energy, artificial intelligence, climate technology, advanced manufacturing, mobility and automotive technology.
    August 10, 2026
    Show AI Summary
    UPI transaction charges remain unavailable for consumers and person-to-person payments, while limited threshold-based merchant MDR may be considered.
    Proposed amendment of section 10A of the Payment and Settlement Systems Act, 2007 is intended to support UPI sustainability, technological advancement and resilience. Consumer payments and person-to-person transactions are to remain free. Any future merchant discount rate would apply only to limited merchant transactions above a threshold, at a nominal rate, while most merchant transactions remain free. The framework supports investment in cybersecurity, fraud prevention and infrastructure, alongside a self-sustaining and inclusive digital-payment ecosystem.
    August 10, 2026
    Show AI Summary
    Fair competition cooperation in renewable energy markets advances knowledge-sharing and evidence-based enforcement across interconnected digital and energy markets.
    BRICS competition authorities adopted a Joint Statement strengthening cooperation to promote fair competition, including in renewable energy markets. Cooperation focuses on dialogue, knowledge-sharing and consideration of cross-border competition challenges in digital markets, emerging technologies and the energy transition. Competition enforcement is to remain principled and evidence-based, supporting efficiency, consumer welfare, innovation and merit-based competition. A collaborative renewable-energy competition study identified evolving market dynamics and areas for future cooperation.
    August 10, 2026
    Show AI Summary
    Cost optimisation in public finance strengthens investment decisions, risk allocation, indigenous manufacturing and value-driven government expenditure through specialised financial expertise.
    ICoAS cost optimisation supports public financial management through prudent resource utilisation, financial oversight and improved cost management across government. Its role includes supporting indigenous manufacturing, better investment decisions, efficient public expenditure and maximum value for public spending. With greater private-sector participation and Public-Private Partnerships, ICoAS officers are expected to promote cost efficiency, appropriate risk allocation and sound project structuring. Capacity building emphasises integrity, financial modelling, data visualisation, analytical frameworks and artificial intelligence for improved public-finance management.
    August 9, 2026
    Show AI Summary
    Co-operative development financing would expand through direct assistance, share-capital participation and wider operational powers for sectoral support.
    National Cooperative Development Corporation (Amendment) Bill, 2026 proposes to broaden the Corporation's mandate to promote co-operative development. It would permit direct loans and grants to co-operative societies and other entities engaged in co-operative development, where funds are used for co-operative purposes. With Central Government approval, the Corporation could participate in the share capital of such entities. The proposals also expand the meaning of foodstuffs, remove geographical restrictions for industrial-goods assistance, and provide additional functional powers.
    August 9, 2026
    Show AI Summary
    GST compliance failures and electricity subsidy controls raise allegations of financial irregularities and potential losses to the public exchequer.
    Allegations based on a Comptroller and Auditor General report identified purported GST compliance failures involving outstanding tax liabilities, e-way bills generated after cancellation of GST registrations, limited bill scrutiny, non-compliance, and turnover mismatches. The allegations also concerned electricity subsidies extended to consumers with prolonged zero bills or apparent non-residence, presenting these issues as possible financial irregularities and losses to the public exchequer.
    August 9, 2026
    Show AI Summary
    Money-laundering prosecution complaints allege fund diversion through shell entities, credit-facility evergreening, layered transactions and fictitious project expenditure.
    Money-laundering prosecution complaints allege that funds from toll-road projects and credit facilities were diverted through group companies, contractors, shell entities and conduit accounts. In the toll-road matter, allegedly sham or back-dated subcontracting arrangements and subsequent documentation were used to portray transfers as genuine project expenditure. In the credit-facilities matter, fresh facilities were allegedly used to repay, rotate and evergreen earlier liabilities rather than for sanctioned end-use, with funds layered and presented as legitimate business expenditure or receipts. Attached assets are sought to be confiscated as alleged proceeds of crime.

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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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