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    Delhi court sets aside summon order in cheque bounce case
    BRICS grouping discussing linking CBDCs, fast payment systems: RBI Guv Malhotra
    PM GatiShakti National Master Plan Enables Integrated and Coordinated Infrastructure Planning
    GeM Strengthens Participation of MSMEs, Startups, Women Entrepreneurs and SHGs
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    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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    Register FIR in cases of missing persons immediately, irrespective of age or gender: SC
    ED freezes 182 bank accounts, seizes Rs 1 cr cash in connection to Rs 2k crore chit-fund scam
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    Parliamentary panel seeks details on Railways’ efforts to boost domestic bullet train capabilities
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    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.
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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.

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      BRICS Plus meets in Rio amid global shifts and internal fractures

      July 5, 2025

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      Rio de Janeiro, Jul5 (360info) On July 6-7, leaders of the BRICS countries – Brazil, Russia, India, China and South Africa – will meet in Rio de Janeiro, Brazil, a quarter of a century after the inception of the acronym.  Russia’s President Vladimir Putin and China’s President Xi Jinping will be absent, with their countries being represented by Foreign Minister Sergei Lavrov and Premier Li Qiang respectively.  The absence of Putin and Xi is likely to put the spotlight firmly on India’s Prime Minister Narendra Modi and Brazil’s President Luiz Inacio da Silva, popularly known as Lula.

      India is experiencing a unique moment as the fastest-growing of the G20 economies. Membership in BRICS lends strategic flexibility to this Global South powerhouse that can be considered “friends with everybody”, cooperating with Russia on selected issues while remaining a member of the Quad alliance with the United States.  The leaders’ summit also offers a platform for Modi’s aspirations of global leadership, just a couple of months after the uncertain outcomes of the latest round of military clashes with Pakistan.

      As the host nation, Brazil will enjoy a temporary respite from its ongoing political turbulence between supporters of Lula and former president Jair Bolsonaro. For a while, controversies over the slow preparations for the forthcoming COP30 meeting will be set aside.

      The BRICS summit marks the latest attempt by the Lula administration to assert its perspective on global affairs, after Brazilian efforts brought no tangible results in Venezuela, Ukraine, or Gaza.

      BRICS has been expanding rapidly, and now has a truly global footprint. Egypt, Ethiopia, Iran and the United Arab Emirates joined in 2024. Indonesia, the largest and most populous country in Southeast Asia, joined in 2025.  Now called the BRICS+ group, the ten-nation community has been accompanied since 2024 by a ten-nation group of partner states that include Belarus, Bolivia, Cuba, Kazakhstan, Malaysia, Nigeria, Thailand, Uganda, Uzbekistan and Vietnam. An 11th country, Saudi Arabia, is listed as a member on the BRICS Brazil 2025 website, but its membership status remains unclear.

      The grouping has come a very long way from its beginnings as a portfolio category for global financial investments.

      In November 2001, a Goldman Sachs report authored by economist Jim O’Neill proposed that the economic future of the 21st century belonged to emerging economies – Brazil, Russia, India, and China. This evolved into a political movement, as the leaders of those emerging countries began meeting on the sidelines of the United Nations General Assembly to discuss the global economic situation.

      By 2008, the commodity boom was nearing its end, and a global financial crisis was triggered by massive defaults in the US real estate market.

      Suddenly, the “BRIC” countries became engines of global economic recovery and growth. They also voiced strong criticism of international financial institutions – especially the Bretton Woods institutions, the International Monetary Fund and World Bank – for their collective failure to prevent or adequately respond to the 2008 crisis.

      In June 2009, BRICS leaders met for the first time in an official capacity in Yekaterinburg, Russia. The institutionalisation of the BRICS group was followed by the expansion of its membership. South Africa joined in 2011. The expansion has picked up pace in the past couple of years.

      Challenges of diversity The diverse membership of the BRICS+ group presents a challenge in identifying common goals in a fragmented world.

      In the division of diplomatic labour, intense negotiations among BRICS members are not matched by common policies on the global stage, which are largely reserved for criticism of existing international arrangements. This posture fuels the call for “updating” current institutions in order to enhance their legitimacy.  BRICS members often unite in their opposition to what they perceive as an unfair global order that operates to their detriment. The group advocates for new patterns of power diffusion to justify institutional reform, especially in times of crisis.

      These features place BRICS at a crossroads that will shape its global footprint.

      On the one hand, the BRICS group functions as an institutional vehicle for South–South cooperation, largely bypassing norms associated with the liberal international order.  Among members and partner states are countries that have faced Western sanctions for extended periods, such as Russia, Iran, and Cuba. Despite the imposition of severe economic sanctions on Moscow following the Russian invasion of Ukraine, and their enforcement through multilateral institutions, BRICS provided a conduit for continued trade in Russian oil.

      This departure from Western norms reinforces one of BRICS’ founding traits – a grouping of non-Western powers that offer acute criticism of the representativeness and efficiency of international institutions, while seeking a level playing field.

      On the other hand, BRICS makes little headway in terms of collective action. The group speaks in normative terms, calling for transformation, but lacks a formal mechanism for collective decision-making.

      Its defence of multilateralism, sovereignty, and the rule of law exists alongside controversial foreign policy positions such as its neutral stance on Russia’s annexation of Crimea in 2014.  Normative innovations, such as Brazil’s “Responsibility While Protecting” doctrine launched in 2011, were not endorsed or coordinated with other BRICS members. Internal dynamics limit public demands for global institutional reform.  Although BRICS members share similar criticisms of international financial institutions, their dissatisfaction diverges significantly when it comes to the United Nations system.

      Russia and China have paid only lip service to reforming the UN Security Council, acting jointly to maintain the status quo by watering down various reform proposals sponsored by Brazil, India, and South Africa.

      Divisions within the group contrast “traditional” powers (Russia and China, permanent members of the UN Security Council) with “emerging” ones (India, Brazil, and South Africa).  Little progress has been made in reforming multilateral institutions to better include emerging powers since BRICS’ inception.

      These power splits are compounded by differences in regime type. India, Brazil, and South Africa present themselves as democracies of the Global South, in contrast to the autocratic regimes of Putin’s Russia and the Chinese Communist Party.  BRICS thus constitutes an uneasy mix of countries that critique the Western-led order while having risen to prominence by engaging with it.

      By accommodating the diverse circumstances of its members, BRICS plays an important role in fostering South–South ties. However, this breadth also limits the group’s effectiveness in a polarised global order.  Two recent shortcomings highlight its limited political leverage. In June 2025, the group’s response to Israeli and US bombing of Iran (a BRICS+ member) was confined to rhetoric. Moreover, the preparatory meeting of foreign ministers in Rio failed to produce a joint declaration.

      Normative ambivalence, combined with limited collective action, has turned BRICS into a pragmatic club.

      Since the 2008 financial crisis, the group has shied away from major political controversies, from combating ISIS to the ongoing conflicts in Ukraine and Gaza. As political statements remained vague and reformist ambitions were sidelined, BRICS-related institutions proliferated alongside its growing membership – from the New Development Bank established in 2015 to the proposed guarantee fund to boost investment in member states.

      Behind the scenes, the BRICS summit will serve a multitude of purposes for its expanding membership. Several of its members have previously made calls for a “new multilateralism”, a “multipolar world order”, and the renewal of international institutions.  This time, the Global South’s democracies have an opportunity to shape new narratives. Apart from inclusive and sustainable global governance, Brazil set the 2025 summit’s agenda to focus on climate change, artificial intelligence and global health – issues underestimated in previous editions.  The BRICS group may, once again, reclaim a vanguardist position, providing Global South standpoints on these pressing global challenges. (360info.org) NPK NPK

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