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    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...
    Commerce and Industry Minister Shri Piyush Goyal awards top buyers and sellers on GEM platform at the 10th Anniversary celebrations of GEM
    PolicyBazaar working with partners to fast-track Assam flood insurance claims
    ED arrests Chhattisgarh Congress leader in liquor 'scam' case
    ED arrests Chhattisgarh Congress leader in liquor scam case
    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
    Rupee falls 8 paise to 95.38 against US dollar in early trade
    Punjab Assembly passes nine key bills
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    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
    Show AI Summary
    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
    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
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    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
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    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
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    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
    Show AI Summary
    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.

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      Corp. Laws / SEBI / IBC

      HIGHLIGHTS

      July 8, 2025

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      New Delhi, Jul 8 (PTI) Following are the top stories at 9.13 pm: NATION DEL54 STRIKE-UNIONS

      Trade unions, farmer bodies to go on general strike on Wed; may disrupt banking, other services New Delhi: Banking, postal and other services are likely to face disruption on Wednesday as more than 25 crore workers affiliated with central and sectoral trade unions have announced to go on strike across the country to protest against new labour codes and privatisation, and press for demands such as minimum wage of Rs 26,000 and old pension scheme, according to union leaders.

      DEL41 INDIA-EQUALITY-BJP

      India more equal now than under UPA rule: BJP New Delhi: The BJP asserted on Tuesday that inequality in the country has declined significantly under the Modi government compared to the rule of Congress-led UPA, as it cited the World Bank report which stated that the country has reached fourth position globally in equality with a Gini Index score of 25.2.

      BOM48 MH-MNS-LDALL PROTEST

      High drama in protest march over Marathi cause as MNS workers detained, Sena minister heckled Thane: High drama unfolded in Mira Bhayandar area near Mumbai on Tuesday as hundreds took part in a protest march led by the MNS and other groups to defend the Marathi 'asmita' (pride) amid rising political heat following the attack on a shopkeeper for refusal to speak Marathi.

      DEL39 ENV-OVERAGE VEHICLES-FUEL BAN

      Overage vehicle fuel ban in Delhi to be put on hold until Nov 1: CAQM sources New Delhi: The Centre's panel on air quality in Delhi-NCR on Tuesday decided to put on hold the implementation of the fuel ban on end-of-life (EOL) or overage vehicles in the national capital until November 1, sources said.

      DEL43 BJP-WB-GANGRAPE-REPORT

      Kolkata law student's gang-rape: BJP fact-finding team recommends probe by central agency New Delhi: A BJP fact-finding team has recommended a probe by a central agency into the gang rape of a law student in Kolkata, claiming the state police's way of handling the case raises suspicion of attempts being made to save the culprits.

      DEL42 PAR PANEL 2ND LD AVIATION SAFETY

      Parliamentary panel meeting: DGCA assures of mechanism to curb airfare surge; MPs flag aviation safety New Delhi: Aviation regulator DGCA said on Tuesday it will put in place a mechanism to curb whopping surge in air ticket prices, recently witnessed during the Maha Kumbh and post-Pahalgam terror attack, as the issue coupled with concerns over air safety after the Ahmedabad plane crash dominated proceedings at a parliamentary panel meeting.

      DEL30 CONG-SEBI-JANE STREET

      Cong questions govt, SEBI for inaction in checking outflow of Jane Street's 'illegal profits' New Delhi: The Congress on Tuesday questioned market regulator SEBI and the government for failing to protect the interest of small investors and check outflow of "illegal profits" made by US algorithm trading firm Jane Street through stock market manipulation.

      DES78 PB-BUSINESSMAN-ENCOUNTER

      Businessman murder: Two suspects killed in encounter in Abohar Abohar: Two persons allegedly involved in the murder of businessmen Sanjay Verma here were shot dead on Tuesday in Panj Peer Tibba area during an exchange of fire with a police team that had gone to the site to seize weapons and other evidence of the crime, a senior police official said.

      MDS14 TN-TRAIN-3RD LD ACCIDENT

      Three school students killed in van-train collision in TN; Railway gatekeeper arrested Cuddalore (Tamil Nadu): Three school students were killed in this district on Tuesday when the van they were travelling in collided with a passenger train, even as different versions of the tragic incident surfaced.

      DEL44 DEF-ROCKET

      India successfully tests anti-submarine rocket system New Delhi: India has tested an extended range anti-submarine rocket system that is expected to significantly enhance the Indian Navy's fire power.

      DEL32 BIZ-IPHONE-INDIA

      Chinese techies return not to impact iPhone 17 production, Apple's ramp-up plan intact: sources New Delhi: The return of Chinese technology professionals from an Apple vendor's facility will have no impact on the production of the upcoming iPhone 17, sources aware of the development said on Tuesday. By Prasoon Srivastava

      DEL29 MOE-SURVEY-MATHS

      Only 53 pc of students in Class 6 know tables up to 10: Education ministry survey New Delhi: Only 55 per cent of Class 3 students can arrange numbers up to 99 in ascending or descending order while only 53 per cent of them in Class 6 know tables up to 10, a Ministry of Education (MoE) survey has found.

      DES45 DL-ROADS-ENCROACHMENT-REMOVAL

      Delhi authorities clear encroachments from 1,034 km stretch of roads, footpaths; reclaim public space New Delhi: Delhi authorities have cleared 1,034.37 kilometres of roads, service lanes and footpaths of encroachments in the first five months this year, significantly reclaiming public space across the city. By Siddhanta Mishra

      BUSINESS DEL46 BIZ-X ACCOUNT-GOVT

      Govt denies making any fresh demand for blockage of global wire agency's X account New Delhi: The government on Tuesday said it has not made any fresh requests to block access to certain X accounts in the country and that it had proactively got blockage of a prominent international wire agency lifted.

      LEGAL LGD7 SC-BIHAR-ELECTORAL ROLLS PLEA

      Plea in SC seeks electoral roll revision before every poll in country New Delhi: A plea in the Supreme Court has sought Special Intensive Revision (SIR) of electoral rolls, particularly before parliamentary, state assembly and local body elections in the country.

      LGD13 LAWYERS STRIKE

      Shifting of digital courts: Karkardooma lawyers end hunger strike New Delhi: Lawyers protesting the shifting of digital courts from Karkardooma to Rouse Avenue courts on Tuesday ended their hunger strike.

      LGD12 DL-COURT-NATIONAL HERALD

      National Herald case: ED opposes arguments of accused persons New Delhi: The Enforcement Directorate (ED) on Tuesday opposed the contention of the accused persons who concluded their arguments in the National Herald case.

      LGD11 DL-HC-RIOTS

      2020 Delhi riots: How long can accused be kept in jail? Delhi HC asks New Delhi: The Delhi High Court on Tuesday asked Delhi Police for how long could the accused persons be kept in jail after highlighting the passage of five years and arguments on charge still not being concluded in the terror case related to February 2020 riots.

      LGD8 RJ-HC-ASARAM

      Rajasthan HC extends convict Asaram's interim bail in 2013 rape case Jodhpur: The Rajasthan High Court on Tuesday extended the interim bail granted to self-styled godman Asaram, who is serving life term for raping a minor disciple at his gurukul.

      LGD10 DL-HC-CALL INTERCEPTION

      Delhi HC rejects plea for destroying transcripts of calls, texts intercepted by CBI New Delhi: The Delhi High Court has rejected an accused's plea for destroying transcripts of calls and messages allegedly illegally intercepted by CBI, underlining corruption's "pervasive impact" on country's economy.

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