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    Over 36,000 firms shut operations in Maharashtra in 5 yrs; Oppn claims graft, govt interference
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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
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AI governance in banking requires explainability, board accountability, rigorous testing, vendor controls and meaningful human oversight for customer-facing decisions.
AI adoption in banking should be governed through a principles-based and proportionate framework that aligns innovation with financial stability, customer protection and accountability. Banks should maintain inventories of AI systems, adopt board-approved governance policies, ensure explainability for material lending and fraud decisions, conduct periodic red-teaming and stress testing, and preserve meaningful human oversight. Key risks include opacity, bias, vendor concentration, third-party dependence, data misuse, cyber vulnerability and loss of institutional accountability. Vendor arrangements require audit and explanation rights and credible exit plans.
August 11, 2026
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Land acquisition funding and regulatory approvals advance satellite-city development, tax relief, identity enrolment, employment verification, and jail reform.
Assam Cabinet approvals include first-phase funding for land acquisition and development of the Aerotropolis Satellite City Project and a lease deed for a hotel supporting the Jagiroad semiconductor ecosystem. Measures also provide Aadhaar enrolment relaxation for Moran and Matak communities, zero agricultural tax up to the prescribed net-income threshold, OBC Non-Creamy Layer certificates, and trainee and graduate-assistance funding. Government jobs will be provisionally held pending police verification, with automatic confirmation where no report is submitted within six months. Jail rules will be amended to promote non-discrimination, sanitation, security and fair work allocation.
August 11, 2026
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Money-laundering investigation into alleged liquor-sale proceeds led to arrest and custodial questioning amid contested political allegations.
Money-laundering investigation concerning an alleged liquor scam led to the Enforcement Directorate's arrest of Ramgopal Agrawal and seven days' custodial remand under the Prevention of Money Laundering Act. The agency alleged his connection with proceeds of crime, non-attendance despite multiple summonses, and evasiveness during questioning. Allegations concern purported control of the state excise department, illegal liquor sales, and sharing of commissions. The Congress has denied the allegations and described the investigation as politically motivated.
August 11, 2026
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GST inquiry closure bribery allegations prompted anti-corruption proceedings against a Sales Tax officer under corruption law.
Alleged bribery in GST inquiry closure led to the arrest of a Sales Tax Assistant Commissioner after a scrap trader complained of a demand for illegal gratification to close an inquiry initiated through a GST show-cause notice. Anti-corruption officials reportedly verified the allegation through intermediaries, during which the officer allegedly agreed to accept payment for closing the matter. A criminal case was registered under the Prevention of Corruption Act, with further investigation ongoing.
August 11, 2026
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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
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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
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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
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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
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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
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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
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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
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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.

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PMLA / Black Money

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July 14, 2025

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New Delhi, Jul 14 (PTI) Following are the top stories at 9.24 pm: NATION DEL55 AVI-2NDLD AIRINDIA-CRASH-CEO

Air India CEO says crash probe raises more questions, premature to jump to any conclusion New Delhi: The preliminary report into the crash of Air India flight AI171 last month has raised more questions, the airline's CEO said as he defended the fitness of pilots and aircraft saying no mechanical or maintenance issues have been flagged in the report.

DEL99 ED-2NDLD VADRA

ED questions Robert Vadra for 5 hours in Sanjay Bhandari-linked PMLA case New Delhi: Robert Vadra, the businessman husband of Congress MP Priyanka Gandhi Vadra, was on Monday questioned for about five hours by the Enforcement Directorate (ED) in a money laundering case linked to UK-based arms consultant Sanjay Bhandari and some others, official sources said.

DEL67 SPACE-LD AXIOM

Shubhanshu Shukla sets off on return journey to earth as Dragon undocks from ISS New Delhi: Astronaut Shubhanshu Shukla and three others of the commercial Axiom-4 mission on Monday embarked on a journey back to Earth as their Dragon Grace spacecraft undocked from the International Space Station - their home for the last 18 days.

CAL14 OD-STUDENT-LD HEALTH

FM College student condition critical, but stable; father appeals to all to pray for her recovery Bhubaneswar: The condition of the 20-year-old college student who set herself on fire for allegedly being denied justice over "sexual harassment" by a teacher, remained critical for the third consecutive day on Monday, hospital sources here said.

DEL41 JK-2ND LD MARTYRS-OMAR

Omar Abdullah scales graveyard gates to offer tributes to martyrs Srinagar: A defiant Jammu and Kashmir Chief Minister Omar Abdullah on Monday scaled the gates of the Naqshband Sahib graveyard to pay tribute to 22 people killed by the Dogra army in 1931 and alleged that efforts were made to “manhandle” him and his colleagues.

DEL93 PB-SESSION-LD SACRILEGE

Anti-sacrilege bill introduced in Punjab Assembly, proposes punishment up to life imprisonment, Rs 10 lakh fine Chandigarh: The AAP government on Monday introduced in the Punjab Assembly an anti-sacrilege bill, proposing punishment up to life imprisonment for sacrilegious acts against religious scriptures.

DEL78 LD-KANWAR (R)

UP CM reviews preparations, Delhi CM warns against disturbing Kanwar Yatra as people throng temples New Delhi: The Kanwar Yatra got into high gear on the first Monday of the Hindu month of Shravan with Uttar Pradesh Chief Minister Yogi Adityanath reviewing preparations and his Delhi counterpart Rekha Gupta saying her government would ensure “secure” passage for the Shiv devotees. Reports also came in of an eatery allegedly being vandalised in Muzaffarnagar by a group of kanwariyas.

DEL101 AVI-AIRINDIA-CRASH-REPORT-IPG

AI171 crew deserves fact-driven investigation, not conjecture, says AI pilots body Mumbai: Indian Pilots Guild, an association of Air India pilots, on Monday slammed the preliminary report on Boeing 787-8 plane crash on June 12, saying that the crew of AI171 deserves a thorough, "fact-driven investigation" and not conjecture or sensationalism.

BOM26 MH-PLANE CRASH-REPORT-CHATURVEDI (R)

Shiv Sena (UBT) MP Chaturvedi questions handling of AAIB report Mumbai: Shiv Sena (UBT) MP Priyanka Chaturvedi on Monday wrote to Civil Aviation Minister K Rammohan Naidu, questioning how “sensitive findings” on the Air India plane crash in Ahmedabad were “leaked” to international media before an official disclosure in India.

MDS20 KA-GADKARI-BRIDGE-2ND LD INAUGURATION

Union Minister Nitin Gadkari inaugurates Sigandur bridge, CM Siddaramaiah boycotts event Shivamogga/Bengaluru: Union Minister for Road Transport and Highways Nitin Gadkari on Monday inaugurated India's second-longest cable-stayed Sigandur bridge in Shivamogga. The event was boycotted by Karnataka Chief Minister Siddaramaiah and his cabinet colleagues, who claimed that they were not consulted.

BUSINESS DEL91 AVI-DGCA-LD BOEING PLANES

DGCA asks airlines to check fuel switch locking system in Boeing 787, 737 planes Mumbai: Aviation watchdog DGCA on Monday directed airlines to inspect the fuel switch locking system in their Boeing 787 and 737 planes, two days after AAIB's preliminary report said fuel switches were cut off before the Air India plane crash that killed 260 people last month.

LEGAL LGD28 SC-FREEDOM-LD SPEECH

'Citizens must know value of freedom of speech, expression': SC mulls framing guidelines New Delhi: The Supreme Court on Monday said citizens must know the value of the right of freedom of speech and expression, and exercise self restraint as it mulled guidelines to regulate offensive social media posts.

LGD39 SC-RECORDED CONVERSATIONS-LD SPOUSES

Secret recording of conversations of spouses can be used in matrimonial cases: SC New Delhi: The Supreme Court on Monday held "secretly" recorded conversations of spouses to be evidence in matrimonial disputes, including divorce proceedings.

LGD14 SC-LD KERALA NURSE-YEMEN

Indian nurse on death row in Yemen: Nothing much government can do, Centre tells SC New Delhi: The Centre on Monday informed the Supreme Court that the government could do "nothing much" in the case of an Indian nurse facing execution on July 16 for murder in Yemen.

LGD31 DL-LD COURT-HERALD

National Herald case: Court to pronounce order on ED chargesheet cognisance on Jul 29 New Delhi: A Delhi court on Monday reserved its order on taking cognisance of the chargesheet filed by the Enforcement Directorate in the National Herald case.

LGD15 SC-LD SIMI-BAN

SC junks plea against extension of ban on SIMI New Delhi: The Supreme Court on Monday dismissed a plea challenging an order confirming the five-year extension of the ban imposed on the Students Islamic Movement of India (SIMI).

FOREIGN FGN68 SINOINDIA-JAISHANKAR-4THLD-WANG Need to address de-escalation; competition should not turn into conflict: EAM Jaishankar in Beijing Beijing/New Delhi: India and China should build on "good progress" in normalising the bilateral ties to address border-related issues including de-escalation, and it is essential to avoid "restrictive trade measures and roadblocks", External Affairs Minister S Jaishankar said on Monday during talks with his Chinese counterpart Wang Yi.

FGN60 UK-AIRINDIA-CRASH

UK families ‘troubled’ by ‘very serious questions’ raised by Air India plane crash report London: The families of the British victims of the London-bound Air India plane crash are “troubled and concerned” following the release of a preliminary report and will be seeking answers to the “very serious questions” raised, the UK law firm advising over 20 of the families said on Monday.

FGN25 RUSSIA-INDIAN-WORKFORCE

Russia to import 1 million skilled workforce from India Moscow: Russia will import up to 1 million workforce by the end of this year to address labour shortage in the country's highly industrialised areas, a business leader said.

PTI OZ OZ

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