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    RBI invites comments on the Draft “Reserve Bank of India (Interest Rates on Loans and Advances) Directions, 2026”
    Sensex falls 188 pts amid elevated crude oil prices; Tata Group stocks decline after N Chandra's exit
    SJM urges govt to stand firm against US tariff pressure, calls for boycott of American products
    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
    Sales Tax Assistant Commissioner arrested for demanding bribe of Rs 8 lakh
    Net direct tax kitty grows 23 pc to Rs 8.11 lakh cr on slower refunds, higher non-corp taxes
    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
    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...
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    August 12, 2026
    Show AI Summary
    Interest-rate regulation for loans and advances proposes harmonised fixed and floating loan-pricing principles across regulated entities.
    Interest-rate regulation for loans and advances is proposed to be harmonised across all regulated entities through a principles-based framework for fixed-rate and floating-rate loans. The framework would be calibrated to each entity's nature, complexity and scale, while supporting monetary policy transmission, credit-risk-based pricing, and fair, non-discriminatory borrower treatment. It addresses divergent commercial-bank practices in determining the marginal cost of funds-based lending rate and its components, alongside limited regulatory coverage of fixed-rate loans. Separate final directions are intended for each category of regulated entity after consideration of feedback.
    August 12, 2026
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    Elevated crude oil prices and Tata leadership transition drove broad equity market selling amid inflation concerns.
    Indian equity markets declined amid elevated crude oil prices, inflation concerns and broad risk-off selling. Tata Group shares, particularly TCS, came under pressure after N. Chandrasekaran announced that he would not seek reappointment as Tata Sons Chairman when his current term ends. Crude oil prices approaching the USD 90-per-barrel level affected investor confidence because of potential inflationary effects, while uncertainty over United States-Iran negotiations and Strait of Hormuz shipping disruptions added to global energy market concerns.
    August 12, 2026
    Show AI Summary
    Trade sovereignty and energy security underpin calls to resist tariff pressure and protect sensitive sectors in bilateral negotiations.
    Trade sovereignty and energy security are advanced as grounds for resisting tariff pressure linked to Indian purchases of Russian crude. Bilateral trade negotiations should proceed through equality, reciprocity and mutual respect without compromising agriculture, dairy, energy security or strategic autonomy. Concerns are also raised over removal of e-commerce inventory restrictions for foreign direct investment and over proposed Merchant Discount Rate charges on UPI transactions. Withdrawal of the inventory measure and opposition to payment-provider charges are urged, alongside possible restrictions on United States technology and social-media companies and consumer boycotts of American goods and services.
    August 12, 2026
    Show AI Summary
    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
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    Bilateral trade cooperation advances through investment focal points, services and health working groups, and planned preferential trade agreement negotiations.
    India-Namibia economic cooperation is being progressed through agreed follow-up mechanisms focused on value addition, investment facilitation and sectoral collaboration. Investment focal points have been designated, and a Services Working Group is to prepare a work plan for the Joint Trade Committee. Priority areas include health and pharmaceuticals, critical-mineral processing, gems and jewellery, digital payments, FinTech, railways, renewable energy and green hydrogen. Terms of Reference for the India-SACU preferential trade agreement were finalised, with negotiations to begin after signature and conclude within one year.
    August 12, 2026
    Show AI Summary
    AI governance in banking requires explainability, board accountability, rigorous testing, vendor controls and meaningful human oversight for customer-facing decisions.
    AI adoption in banking should be governed through a principles-based and proportionate framework that aligns innovation with financial stability, customer protection and accountability. Banks should maintain inventories of AI systems, adopt board-approved governance policies, ensure explainability for material lending and fraud decisions, conduct periodic red-teaming and stress testing, and preserve meaningful human oversight. Key risks include opacity, bias, vendor concentration, third-party dependence, data misuse, cyber vulnerability and loss of institutional accountability. Vendor arrangements require audit and explanation rights and credible exit plans.
    August 11, 2026
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    Land acquisition funding and regulatory approvals advance satellite-city development, tax relief, identity enrolment, employment verification, and jail reform.
    Assam Cabinet approvals include first-phase funding for land acquisition and development of the Aerotropolis Satellite City Project and a lease deed for a hotel supporting the Jagiroad semiconductor ecosystem. Measures also provide Aadhaar enrolment relaxation for Moran and Matak communities, zero agricultural tax up to the prescribed net-income threshold, OBC Non-Creamy Layer certificates, and trainee and graduate-assistance funding. Government jobs will be provisionally held pending police verification, with automatic confirmation where no report is submitted within six months. Jail rules will be amended to promote non-discrimination, sanitation, security and fair work allocation.
    August 11, 2026
    Show AI Summary
    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
    Show AI Summary
    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.

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      Corp. Laws / SEBI / IBC

      HIGHLIGHTS

      July 5, 2025

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      New Delhi, Jul 5 (PTI) Following are the top stories at 9:20 pm: NATION DEL38 UP-LD CEC

      Every party had complained of inaccuracies in voters' list, revision necessary under law: CEC Firozabad: With opposition parties voicing concern on the special intensive revision of electoral rolls in poll-bound Bihar, Chief Election Commissioner Gyanesh Kumar said on Saturday that almost every political party had complained about the voters' list being inaccurate and stressed it was necessary to update it before elections under the law.

      DEL41 INDIA-WB-INEQUALITY

      India becomes fourth 'most equal' country globally New Delhi: Inequality in India has come down significantly between 2011-12 and 2022-23, making it the fourth-most equal country globally, according to a World Bank report.

      DEL37 SIBAL-VARMA-LD IMPEACHMENT

      SC's in-house probe report in Justice Varma case has no constitutional relevance: Sibal New Delhi: Rajya Sabha MP Kapil Sibal on Saturday said the Supreme Court's in-house inquiry report in Allahabad High Court Judge Yashwant Varma's case has "no constitutional relevance" as an investigation can only take place under the Judges Inquiry Act.

      DEL34 ED-2NDLD BHANDARI

      UK-based arms consultant Sanjay Bhandari declared fugitive economic offender New Delhi: A Delhi court on Saturday declared UK-based arms consultant Sanjay Bhandari a fugitive economic offender on a plea from the Enforcement Directorate (ED), an order that will allow the agency to confiscate all his assets that are worth crores of rupees.

      DEL29 ED-NEHAL MODI-2NDLD ARREST

      PNB-fraud case: Nirav Modi's brother held in US following extradition requests from ED, CBI New Delhi: US authorities have arrested fugitive diamantaire Nirav Modi's younger brother, Nehal Modi, following extradition requests from the Enforcement Directorate (ED) and the Central Bureau of Investigation (CBI), officials said on Saturday.

      MDS15 KA-TRADE-2ND LD GOYAL

      We negotiate from position of strength, not under deadlines: Goyal on US trade deal after Cong jab Bengaluru: With the Congress mocking the BJP-led NDA government over the proposed trade deal with the US, Union Minister Piyush Goyal on Saturday said India negotiates from a position of strength and not under deadlines.

      DEL33 HEALTH-KERALA-NIPAH

      Govt mulling sending Central team to Kerala over fresh Nipah cases New Delhi: The Union Health Ministry is considering deploying the National Joint Outbreak Response Team (NJORT) to Kerala to assist the government in implementing public health measures, following the detection of two Nipah virus cases, sources said on Saturday.

      DES30 DL-SHOPPING COMPLEX-FIRE-DEATH

      UPSC aspirant sends final message to brother seeking help before dying in Karol Bagh mall fire New Delhi: "Bhaiya ab saans phool raha. Kuch karo...(Brother I am short of breath now. Do something)," that was the last message Kumar Dhirender Pratap managed to sent his elder brother -- a desperate cry for help from inside a smoke-filled elevator. By Varsha Sagi

      BOM38 MH-INVESTOR-3RDLD OFFICE

      Challenge to Raj on Marathi row: Investor apologises after office attack; 5 MNS supporters arrested Mumbai: Five Maharashtra Navnirman Sena supporters were arrested on Saturday for the attack on investor Sushil Kedia's office in Worli here over the latter's social media post about not learning Marathi and his "kya karna hai bol" dare to Raj Thackeray.

      BOM30 MP-HC-SAIF-PROPERTIES

      Setback to Saif, kin over Rs 15,000 cr ancestral property as HC orders retrial of ownership rights Jabalpur: In a setback to actor Saif Ali Khan and his family, who inherited Rs 15,000 crore properties owned by Bhopal's erstwhile rulers, the Madhya Pradesh High Court has set aside the trial court's verdict given over two decades ago, and ordered a retrial in the case.

      CAL35 JH-MINE-2LD COLLAPSE

      4 dead, 4 injured after portion of coal mine collapses in Jharkhand Ramgarh: Four people were killed and four others injured after part of an abandoned coal mine collapsed during "illegal" mining in Jharkhand's Ramgarh district in the early hours of Saturday, an official said.

      CAL33 BH-BUSINESSMAN-4THLD SHOT

      Prominent businessman shot dead in Patna, 7 years after son gunned down Patna: Prominent Bihar-based businessman Gopal Khemka was shot dead outside his residence in Patna by a bike-borne assailant, seven years after miscreants had gunned down his son in Hajipur, police said on Saturday.

      CAL31 BH-LD LALU

      Lalu re-elected RJD president at 78, says survey underway for identifying candidates for Bihar polls Patna: Lalu Prasad was re-elected national president of the RJD, a party he founded by splitting the Janata Dal, on Saturday.

      CAL30 WB-GANGRAPE-PROBE

      Kolkata gangrape: Accused drank alcohol in law college guard room for hours after crime, say police Kolkata: Monojit Mishra, prime accused in the gangrape of a student at South Calcutta Law College, along with his accomplices spent considerable time drinking liquor inside the institute’s guard room after committing the crime on June 25, before heading out for the night, an investigating officer said on Saturday.

      CAL26 BH-TEJASHWI

      RJD’s Tejashwi vows to ‘confront’ NDA over voter roll revisions in Bihar Patna: RJD leader Tejashwi Yadav on Saturday vowed to "confront" the ruling NDA in Bihar, alleging a "conspiracy" to deprive the poor of their right to vote in the upcoming Assembly elections.

      CAL21 OD-MALI-ABDUCTION-LD WORKER

      Patnaik seeks Jaishankar's help for safe return of 'abducted' Odisha youth from Mali Bhubaneswar/Berhampur: BJD chief Naveen Patnaik on Saturday sought the personal intervention of External Affairs Minister S. Jaishankar for the early and safe release of an Odisha resident allegedly abducted by militants in the West African country of Mali.

      BUSINESS DEL40 BIZ-SEBI-LD-PANDEY

      Market manipulation is not going to be tolerated: Sebi Chairman Pandey Mumbai: Capital markets regulator Sebi chairman Tuhin Kanta Pandey on Saturday made it clear that market manipulation is not going to be tolerated.

      LEGAL LGD7 DL-COURT-LD NATIONAL HERALD

      National Herald case: AICC attempted to revive AJL, Cheema tells court New Delhi: Senior advocate R S Cheema, representing Congress leader Rahul Gandhi, on Saturday argued that the AICC was not trying to sell the assets of Associated Journals Limited (AJL) but rather attempting to save the institution which was part of the freedom movement.

      LGD10 NCR-COURT-RAPE-KIDNAPPING

      Man sentenced to 20 years rigourous imprisonment for raping minor in 2022 Gurugram: A court here sentenced a man to 20 years of rigorous imprisonment for raping and kidnapping a 14-year-old girl in 2022, police said on Saturday.

      LGD9 UP-COURT-MOSQUE-TEMPLE

      Budaun's temple-mosque case: UP court reserves decision till July 17 on maintainability of suit Budaun (UP): A court here has reserved its decision until July 17 on whether a lower court has the jurisdiction to hear the Neelkanth Mahadev temple and Shamsi Jama Masjid case.

      FOREIGN FGN32 PM-ARGENTINA-MEMORIAL

      PM lays wreath at San Martin Memorial in Argentina Buenos Aires: Prime Minister Modi on Saturday laid a wreath here at the memorial of General Jose de San Martin, regarded as a national hero in Argentina.

      FGN26 MALDIVES-INDIA-TRADE

      India, Maldives hold talks to deepen trade and investment ties Male: India and the Maldives discussed ways to explore new opportunities for economic cooperation and trade enhancement, state-run media said on Saturday.

      FGN21 PAK-INDIA-TRADE

      Despite brief military conflict, India-Pak trade persisted in May Islamabad: Despite a brief military conflict and the continued closure of borders, trade between Pakistan and India persisted in May, primarily through a third country. By Sajjad Hussain

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