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August 28, 2026
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Cyber fraud impersonating enforcement officials coerced a senior citizen into bank and cryptocurrency transfers through terror-funding threats.
Cyber fraudsters allegedly impersonated public officials and threatened a senior citizen with implication in money laundering, terror funding and cybercrime. Using WhatsApp video calls and purported official notices, they allegedly induced the victim to transfer funds to multiple bank accounts and a cryptocurrency wallet on the pretext of proving innocence. The victim reportedly liquidated fixed deposits and mutual fund investments before identifying the deception and reporting it through the cybercrime helpline. A cyber police case was registered for further investigation.
August 28, 2026
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Rupee depreciation against US dollar reflects foreign investor outflows and crude supply disruptions, moderated by weaker dollar and oil prices.
Foreign institutional investor outflows and disruptions in global crude oil supplies placed downward pressure on the rupee against the US dollar. A weaker dollar index and lower Brent crude prices moderated the decline. Market commentary anticipated a narrow trading range, with expected Reserve Bank of India protection at the upper end and oil importer, month-end, and importer demand supporting the lower end. Participants also monitored the US Federal Reserve Chair's Jackson Hole speech.
August 27, 2026
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Emergency flood response measures coordinate rescues, suspend cross-border transport, and address risks to public safety.
Severe flash floods in Nepal and along the Nepal-Tibet border prompted cross-border rescue coordination for missing and stranded persons, warnings of continued downstream flood risk, and international relief support. Preventive public-safety measures included temporary suspension of an Indo-Nepal bus service. Separate developments included disruption of public services during an employee strike, investigation of an aircraft crash, market measures affecting sugar and onion prices, and proposed trade engagement for greater market access for basmati rice and processed food exports.
August 27, 2026
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Regulatory review of fraud allegations requires timely consideration of representations while merits and standing remain undecided.
SEBI must consider and decide, within two weeks, representations alleging fraud by an Indian logistics company and its subsidiary. The allegations concern systematic over-invoicing of freight charges and forged documentation, with a parallel criminal investigation based on an FIR registered by the Delhi Police Economic Offences Wing. No determination has been made on the merits of the allegations or the complainant's standing to approach SEBI. The allegations and criminal proceedings were disclosed in IPO offer documents.
August 27, 2026
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Personal insolvency repayment plans test creditor voting thresholds, valuation safeguards, and limits on commercial review under insolvency law.
Personal insolvency resolution under the Insolvency and Bankruptcy Code involved approval of a repayment plan providing for payment of Rs 6.25 crore to creditors and Rs 25 lakh towards process costs against admitted creditor claims of about Rs 22,006.57 crore. Objections by dissenting creditors were rejected because they held less than 20 per cent of voting share, while the plan received 80.81 per cent support. Valuation indicated that the personal estate was worth less than the amount offered, and the tribunal declined to replace creditor commercial wisdom or assess settlement adequacy.
August 27, 2026
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Sovereign credit rating stability reflects policy continuity, infrastructure investment, external strength, and fiscal consolidation pressures.
India's sovereign credit rating retained a BBB stable outlook, supported by strong growth, an external balance sheet, stable institutions, policy predictability, and infrastructure investment. Public investment and consumer demand are expected to sustain growth and assist fiscal consolidation. Constraints include weak fiscal performance, elevated government debt and interest burdens, and low per-capita income. Long-term rating support depends on financing infrastructure investment without materially widening the current-account deficit and on reducing the fiscal deficit through stable fiscal and monetary policies.
August 27, 2026
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Sugar import liberalisation and stockholding limits seek to moderate retail prices amid constrained domestic supply and restricted exports.
Sugar price-control measures combine duty-free raw sugar imports, stockholding limits for dealers and bulk consumers, and an export prohibition to address elevated retail prices and curb hoarding. Domestic supply remains constrained by reduced sugarcane output, prior exports and diversion of sugar to ethanol. Net production is estimated below projected domestic demand, while closing stocks are expected to remain limited. Import access, inventory restrictions and export controls therefore operate as market-stabilisation mechanisms.
August 27, 2026
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Money-laundering investigation into alleged homebuyer fraud led to searches and freezing of assets linked to realty promoters.
Money-laundering proceedings were initiated under the Prevention of Money Laundering Act on the basis of police FIRs alleging fraudulent inducement and non-delivery of residential plots. Searches at premises linked to real estate promoters resulted in the seizure or freezing of luxury vehicles, jewellery, bank accounts and securities. The investigation alleges that substantial upfront payments for residential plots were received, but a significant portion of promised plots remained undelivered, and certain plots were allegedly sold to third parties without consent.
August 27, 2026
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Commercial card governance enables configurable credit, approvals, virtual cards and controlled supplier payments across enterprise payment workflows.
SpendFlow combines commercial card program configuration, credit management, virtual cards, spend controls, approvals, supplier payments, billing and accounting in one architecture. It supports centrally governed rules with approved corporate-level variations, enterprise hierarchy management, and virtual cards linked to entities, employees, accounts or credit facilities. Multi-tier approvals and virtual-card supplier payments support controlled business payment functions, while core banking and ERP connectivity links card activity with banking and enterprise financial workflows.
August 27, 2026
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Basmati rice market access may be pursued through trade agreement review, subject to import limits and safety standards.
Market access for Indian basmati rice may be pursued through review of the Comprehensive Economic Partnership Agreement, as rice remains a sensitive sector subject to import quantity limits and duties beyond permitted quantities. Processed food exports offer further opportunities where exporters comply with Japanese quality and safety standards. Bilateral cooperation also covers investment, supply chains, technology partnerships and capital flows supporting infrastructure, manufacturing and semiconductor ecosystems.
August 27, 2026
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Capital allocation discipline governs consideration of further Air India funding alongside business strategy, cash flow and investment requirements.
Further capital investment in Air India will be evaluated by Singapore Airlines' board through a disciplined capital-allocation process. Assessment will consider the group's capital requirements, Air India's business strategy, operating cash flow, investment needs for aircraft and products, and multi-hub investments intended to support long-term growth and returns. As a significant minority shareholder, Singapore Airlines supports Air India's transformation programme with Tata Sons, but no commitment to provide additional capital is indicated.
August 27, 2026
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Semiconductor investment cooperation anchors expanded India-Japan industrial partnerships across technology, manufacturing, clean energy, infrastructure, and financial services.
Semiconductor and artificial-intelligence cooperation centres on a six-pillar semiconductor strategy encompassing chip design, semiconductor machinery and materials, fabrication, ATMP/OSAT, research and development, and talent development. Japanese participation is sought across semiconductor materials and equipment, power semiconductors, electronics, AI, logistics and related advanced technologies. Development of semiconductor clusters is linked to reliable power, ultra-pure water, skilled manpower and social infrastructure.
August 27, 2026
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Financial inclusion through basic bank accounts enables direct welfare transfers, digital payments, insurance access and credit for excluded households.
PMJDY provides unbanked adults with basic bank accounts without minimum-balance or maintenance-charge requirements, free RuPay debit cards with accident insurance cover, and eligible overdraft support. Through the JAM framework, PMJDY accounts enable direct transfer of welfare benefits using bank accounts, Aadhaar-based biometric verification and mobile connectivity, reducing intermediary involvement and delays. The scheme emphasises rural, semi-urban, marginalised and women account holders while supporting access to insurance, pensions, savings, digital payments and credit, including MUDRA loans.
August 27, 2026
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Contract food services expansion strengthens Rassense's nationwide institutional operations through new academic partnerships and technology-led service delivery.
Rassense Pvt Ltd reports crossing a workforce of more than 5,000 employees and projects revenue exceeding INR 600 crore. Its contract food services operations serve educational institutions, corporate campuses, healthcare facilities and industrial locations. New operations at IIM Jammu, IIM Bangalore and IIT Guwahati strengthen its nationwide institutional presence. Expansion is supported by academic institution partnerships, local workforce development, operational excellence, and technology-led capabilities in food production, food waste reduction and supply-chain management.
August 27, 2026
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Cyber fraud awareness promotes safe digital banking by teaching customers to verify communications, protect credentials, and report suspicious transactions.
Cyber-fraud awareness and digital banking safety were promoted through community sessions addressing phishing, impersonation, OTP and UPI fraud, QR-code scams, digital-arrest fraud, and fraudulent customer-care calls. Participants were guided to identify authentic banking communications, avoid sharing confidential credentials, verify callers and links before acting, and promptly report suspected unauthorised transactions. Customer vigilance, financial literacy, and institutional security measures were emphasised as complementary safeguards against digital financial fraud.
August 27, 2026
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Personal insolvency repayment plans may be approved despite minimal creditor recovery when requisite voting support and comparative valuation support them.
Personal insolvency repayment plan approval was granted under the Insolvency and Bankruptcy Code, 2016, despite objections that creditor recoveries were negligible and the proposed payment uncertain. The plan received 80.81 per cent voting support, while dissenting creditors held less than 20 per cent voting share. Valuation showed that the debtor's personal estate was materially below the offered amount, and rejection could result in bankruptcy and lower recovery. Assessment of settlement adequacy was treated as a matter of creditor commercial wisdom.
August 27, 2026
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Prison escape security lapses prompt coordinated tracing measures, transport monitoring, inter-state alerts, and a detailed custodial-security inquiry.
Prison escape and custodial-security lapses arose after a detainee escaped from Aluva Sub Jail, allegedly by using an under-construction structure within the premises to cross the compound wall. Following his later appearance at a police station seeking return of his Aadhaar card, search measures included a lookout circular, information sharing with police stations, railway-security coordination, and alerting police in Assam. A detailed inquiry has been initiated into the prison-security deficiencies enabling the escape.
August 27, 2026
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Women's savings account selection depends on practical benefits, charges, eligibility, and banking needs rather than the account label.
Women's Savings Accounts may provide standard banking facilities together with additional services or benefits for eligible women. Their suitability depends on practical use of digital banking, transfers, payments, alerts, debit-card facilities, accessibility, security features, charges, and minimum-balance conditions. Since regular Savings Accounts may offer comparable facilities, the additional benefits should be assessed against associated costs and conditions. Selection should be based on comparison of eligibility, facilities, balance requirements, benefits, customer support, and authentication safeguards rather than the account's women-focused label alone.
August 27, 2026
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Retirement annuity selection prioritises payout structure, taxation, insurer strength and flexibility over brand comparison for informed retirement decisions.
Retirement planning may combine market-linked accumulation during working years, deferred annuities that lock future guaranteed income, and immediate annuities that convert retirement savings into regular payments. Annuity choice depends on whether the priority is higher income, continuation for a surviving spouse, or return of capital on death. Product comparison should consider market-linked growth versus income certainty, taxation of annuity income at applicable slab rates, insurer strength, and flexibility in deferment, payout frequency and policy loans.
August 27, 2026
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Foreign exchange inflows through deposit and borrowing measures provided near-term rupee support amid lower crude prices.
Reserve Bank special measures relating to FCNR(B) deposits, Overseas Foreign Currency Borrowings and External Commercial Borrowings were identified as attracting foreign-exchange inflows and providing near-term support to the rupee. The Reserve Bank became a net dollar buyer in June after two months of sales to support the rupee. The FCNR(B) window remained open until August 31, while the market outlook anticipated broader rupee depreciation over subsequent weeks.

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Customs & Trade

Rajya Sabha adjourned for the day amid protests over electoral rolls revision in Bihar

August 5, 2025

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New Delhi, Aug 5 (PTI) Rajya Sabha proceedings were disrupted again on Tuesday as Opposition MPs continued to press for a discussion on the revision of electoral rolls in Bihar.

The Rajya Sabha was adjourned for the day soon after approving two statutory resolutions.

The Upper House saw its first adjournment around 11.45 am. When the Rajya Sabha met again at 2 pm, Opposition MPs were on their feet demanding a discussion on the Special Intensive Revision (SIR) of the electoral rolls in Bihar.

Amid ruckus, Harivansh, who was in the Chair, took up two statutory resolutions, including one for extending the President's rule in Manipur for another six months, and one of the Finance Ministry to amend the Second Schedule to the Customs Tariff Act, 1975.

As soon as MoS Pankaj Chaudhary tabled the resolution related to the Customs Tariff Act, 1975, Opposition MPs started raising slogans against SIR. Amid din, the Chair put the resolution to vote, and it was approved.

The House then took up a resolution to extend the President's rule in Manipur.

"It's a statutory resolution. All of us, as MPs, have to follow constitutional provisions. These have a time limit within which it has to be disposed, if it is not done, you are aware of the problems it can create," Harivansh said.

"Since the beginning of the session, we have passed only one Bill," he said.

He then called MoS Home Nityanand Rai to move the resolution on Manipur.

"I sincerely hope members will rise to the occasion, use the floor meaningfully and utilise the time... in a manner befitting the gravity of the matter, and fulfil the Constitutional obligation," the Chair said.

TMC MP Sushmita Dev and DMK leader Tiruchi Siva urged the chair to conduct a debate on SIR. Harivansh, however, said anything not related to the resolution being taken up will not go on the record.

Several MPs were on their feet. The Chair then called Subhash Chandra Bose Pilli of YSRCP to speak, after which MPs started raising slogans. TMC MPs were standing next to the YSRCP MP and raising slogans against the SIR exercise.

BJD MP Muzibulla Khan spoke next, and said, "When Manipur law and order situation was bad, Article 356 was imposed. Today, the situation of law and order in Odisha is bad..." "Double-engine government in Manipur failed.... Has the situation improved after so many months of the President's rule or not? Minister should inform us... Centre should take responsibility, removing an elected government and imposing President's rule repeatedly is also not good," he said.

TMC MPs Sushmita Dev then trooped into the Well of the House, after which Marshals were seen entering the House and blocking the entry points to the Well. The Chair appealed to the members to maintain order in the House. However, more MPs trooped to the Well of the House, including TMC members Sagarika Ghose, Ritabrata Banerjee, and Samirul Islam.

Later, MPs from Congress and other parties also trooped to the Well of the House, as they pushed their way through the barricading created by the Marshals.

As Rai spoke while moving the resolution for passing, Opposition MPs were heard raising slogans "Amit Shah jawab do" (Amit Shah give answers).

The resolution was passed through voice. The Chair then adjourned the House for the day.

Earlier, in the morning sitting, Congress and other Opposition parties created uproar in the Rajya Sabha soon after the House met, alleging CISF personnel were deployed in the House last week, an assertion vehemently rejected by both the Chair and the government, who said the personnel belonged to parliamentary security services.

Soon after the listed papers and reports were tabled during the Zero Hour (morning session), Deputy Chairman Harivansh rued that the Leader of the Opposition, Mallikarjun Kharge, had shared a letter written to him with the media.

In the letter on Friday, Kharge stated that CISF personnel were deployed in the House and were preventing Opposition leaders from exercising their democratic rights. Referring to Kharge's letter, Harivansh objected that it was shared with the media, as such communications fall under the privileged category.

The Chair said the presence of personnel from parliamentary security services was nothing new, and they are specially trained to do their job without using force.

Harivansh also pointed out that the House has witnessed repeated disruptions. He asked how raising slogans, entering the Well of the House and disturbing other members can be termed as "democratic right of protest". The Leader of the Opposition and senior Congress leader, Kharge, said he has issued a press note on the letter for the benefit of the members.

Kharge emphasised that the Opposition was protesting in a democratic way and will continue to do so. "CISF is being brought into the House. Are we terrorists?" Kharge asked. Countering Kharge's claim, Harivansh asserted, "They were not from CISF. It was a parliamentary security service".

The Congress leader said the parliamentary security service is well-equipped to provide security to MPs. "But do you want to run the House by bringing in police and military," he said.

Parliamentary Affairs Minister Kiren Rijiju sought a clarification from the Chair on what action needs to be taken against wrong claims being made by the Leader of Opposition (LoP).

"Only marshals can enter the House. That day there were only marshals. LoP is misleading and putting forth wrong facts. When a misleading letter is written or a wrong fact is presented, what action needs to be taken?" Rijiju questioned. The Chair again gave the floor to Kharge, who asked, "Are you (Chair) running the House or Home Minister Amit Shah?".

To this, Harivansh told Kharge that it was a wrong allegation. Leader of the House and Union Minister J P Nadda said he has been in opposition for 40 years, and the Congress party should take tuition from him to become an effective Opposition party. He alleged that certain actions of opposition members cannot be termed as democratic protest, but “anarchy".

Amid uproar, the proceedings were adjourned till 2 pm. Earlier, the Chair rejected 34 adjournment notices under Rule 267 of the House. PTI PRS AO NKD MJH SKC MR MR MR

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