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August 29, 2026
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Securities market fraud involving fictitious transactions triggered market bans, disgorgement, fund restoration, and governance restrictions.
SEBI imposed securities-market restrictions, disgorgement directions and monetary penalties in relation to alleged accounting fraud involving fictitious sales, purchases, circular transactions and fraudulent ledger entries. The alleged inflation of financial results facilitated migration to the NSE main board and was followed by fraudulent preferential allotments, a bonus issue and a rights issue. Rights issue proceeds were found to have been diverted, requiring restoration with applicable interest. The company and its managing director received seven-year market prohibitions, with additional governance restrictions applying to the managing director.
August 28, 2026
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Insolvency debt settlements: political criticism alleges severe creditor haircuts favour influential corporate borrowers over ordinary debtors.
CPI(M) criticised approval of a repayment plan involving Zee Group founder Subhash Chandra, asserting that repayment of Rs 6.5 crore against creditor claims of Rs 22,006.57 crore undermines fairness in insolvency debt settlement. It alleged severe creditor haircuts and bias favouring influential corporate borrowers. The party linked the settlement to an alleged pattern of large borrowers resolving liabilities at steep discounts, shifting the burden to taxpayers and small depositors while smaller borrowers face coercive recovery measures.
August 28, 2026
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Corporate governance requires company secretaries to promote ethical practices, transparency, responsibility and institutional accountability across economic ecosystems.
Good corporate governance is central to development and depends on responsible governance, ethical practices, transparency, institutional accountability and professional excellence. Company Secretaries have an expanding role in strengthening governance practices through professional expertise. Professional institutions should promote governance standards, support institutional excellence, and evolve their practices in response to changing requirements. Their wider contribution lies in fostering a culture of ethical entrepreneurship, responsibility, transparency and sound governance.
August 28, 2026
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Proceeds-of-crime tracing prompts freezing of deposits linked to structured disposal of foreign property in a bank-loan fraud investigation.
Money-laundering investigation into alleged bank-loan fraud involving DHFL has resulted in the freezing of bank deposits held by Al Jalore Trading FZE under the Prevention of Money Laundering Act. A United Kingdom property was allegedly disposed of through a purported loan arrangement that created an encumbrance to settle an Indian liability. Sale proceeds were credited to Al Jalore Trading FZE's Indian bank account rather than to the registered owner, indicating alleged dissipation of proceeds of crime through a structured foreign-property transaction.
August 28, 2026
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Defence export authorisation reform streamlines consultations, expands unified licences, and facilitates eligible exporters' access to international markets.
Open General Export Licence arrangements permit eligible exporters to self-generate authorisations for multiple consignments of specified defence items without obtaining separate authorisation for each consignment. Three existing licence procedures are consolidated into a unified framework. Licence validity is extended to three years, and territorial coverage is expanded to all countries other than negative or sensitive nations and destinations subject to United Nations Security Council sanctions or arms embargoes. Eligible companies with long-term foreign original equipment manufacturer agreements may obtain licences aligned with the underlying contract, subject to prescribed conditions.
August 28, 2026
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IPO approval enables Jio Platforms to issue fresh equity shares, with proceeds earmarked for subsidiary debt repayment and corporate purposes.
SEBI's final observations enable Jio Platforms Ltd to proceed with an initial public offering comprising up to 27 crore newly issued equity shares. The transaction is structured as a fresh issue of shares. Offer proceeds are primarily allocated towards repayment or prepayment of outstanding borrowings of Reliance Jio Infocomm Ltd, Jio Platforms' material subsidiary, with the balance designated for general corporate purposes.
August 28, 2026
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Gold price volatility intensified as dollar strength, profit-booking, and customs-duty-cut reports pressured domestic bullion markets.
Domestic bullion prices declined for a third consecutive session as a stronger US dollar and sustained profit-booking after a recent rally weakened gold and silver. Gold fell sharply in the national capital and silver also declined in domestic trading, with the three-day movement reflecting ongoing price volatility in the bullion market. International spot gold remained marginally lower while investors awaited policy-related remarks concerning inflation and elevated yields.
August 28, 2026
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Direct benefit transfer strengthens welfare delivery through Jan Dhan accounts, digital payments, reduced intermediaries, and expanded financial inclusion.
Direct Benefit Transfer has transferred welfare benefits directly to beneficiaries, largely through Jan Dhan accounts, reducing intermediaries and supporting transparent delivery. The Pradhan Mantri Jan Dhan Yojana provides unbanked adults basic accounts without minimum-balance or maintenance-charge requirements, along with RuPay debit cards, accident insurance coverage, and emergency overdraft access. Banking outlets, digital-payment infrastructure, and Bank Mitras extend formal financial services to women, rural and semi-urban communities, strengthening financial inclusion and participation in the formal economy.
August 28, 2026
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Foreign exchange reserves reached a record level, supported by increases in foreign currency assets and gold holdings.
India's foreign exchange reserves increased by USD 12.422 billion to an all-time high of USD 729.328 billion for the week ended 21 August. Foreign currency assets and gold reserves recorded the principal increases, while special drawing rights and the reserve position with the IMF also rose. Foreign currency asset valuation reflects movements in non-US currencies held in the reserves. FCNR(B) and concessional swap arrangements were introduced to attract additional foreign-exchange inflows.
August 28, 2026
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IPO regulatory approval enables Jio Platforms to advance preparations for its proposed fresh equity share public offering.
Jio Platforms Ltd. has obtained Sebi's final observations for its proposed initial public offering. This key regulatory stage enables further preparations for the public issue, subject to applicable regulatory requirements. The proposed offering comprises up to 27 crore fresh equity shares and is expected to account for approximately 2.9 per cent of the company's post-issue equity base.
August 28, 2026
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Financial inclusion through basic bank accounts expands banking access with no-balance accounts, debit cards, and emergency overdraft support.
Pradhan Mantri Jan Dhan Yojana enables unbanked adults to open basic bank accounts without minimum-balance or maintenance-charge requirements. Accounts include a free RuPay debit card with accident insurance coverage and eligibility for an overdraft facility during emergencies. The scheme promotes digital transactions, financial security and participation in the formal economy, while extending banking access to rural and semi-urban communities and increasing women's financial inclusion.
August 28, 2026
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Flexible personal loan repayment enables eligible borrowers to select longer tenures, subject to eligibility, terms, verification, and repayment capacity.
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August 28, 2026
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Digital arrest money laundering investigation tracks cyber-fraud proceeds through layered bank accounts, cash withdrawals, and foreign-exchange conversion.
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August 28, 2026
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Foreign exchange intervention and lower crude prices supported rupee appreciation despite a stronger dollar and foreign institutional investor outflows.
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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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August 27, 2026
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Regulatory review of fraud allegations requires timely consideration of representations while merits and standing remain undecided.
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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.

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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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