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August 22, 2026
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Money-laundering and benami asset allegations prompt enforcement proceedings, while the accused officer's brother calls the action selective targeting.
Enforcement proceedings under the Prevention of Money Laundering Act concern allegations that suspended police officer Vijay Choudhary managed numerous assets through benami transactions and engaged in money laundering. An Anti-Corruption Bureau FIR had already been registered in relation to the allegations. Surinder Choudhary characterised the action as selective targeting but maintained that investigating agencies and the judiciary should address and decide matters concerning his family.
August 22, 2026
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Specialised dispute resolution requires technical expertise, timely proceedings, mediation support, and human oversight to safeguard natural justice.
Specialised, timely and effective dispute-resolution mechanisms are necessary for technically complex disputes in telecom, broadcasting, airport tariffs and cyber sectors. Technology may assist legal reasoning but cannot replace judicial reasoning, requiring verification, professional responsibility and meaningful human oversight. Effective specialised adjudication should combine domain expertise with judicial discipline, respond to technical complexity, and protect natural justice, transparency and reasoned decision-making. Mediation and other consensual mechanisms can support dispute resolution.
August 22, 2026
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Form 15CB certification faces scrutiny where inadequate verification allegedly enables foreign remittances through shell companies and false certificates.
Alleged misuse of Form 15CB certification has resulted in criminal proceedings concerning certificates issued for foreign remittances without verification of underlying documents. Form 15CB requires certification of applicable taxability and tax-deduction particulars for specified remittances to non-residents before processing by an authorised dealer. The allegations concern certificates that potentially enabled cross-border transfers through shell or non-existent companies, involving cheating, false certification, false evidence and common intention.
August 22, 2026
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Beginner stock market investing requires regulated accounts, risk-aware financial planning, diversification and informed company assessment before purchasing securities.
Beginner stock market investing requires a bank account, a trading or broking account with a SEBI-registered broker, and a Demat account for electronic holding of securities. Investments involve risk of loss and should align with financial goals, time horizon and loss-bearing capacity. Investors should understand primary and secondary markets, distinguish long-term investing from short-term trading, assess companies before purchase, diversify holdings, consider charges, maintain records and avoid borrowed-money investing, rumours and momentum-driven decisions.
August 22, 2026
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Capacity-based tobacco taxation targets undeclared packing machinery used for clandestine production and clearance without indirect tax payment.
Clandestine manufacture and clearance of pan masala, scented jarda and tobacco products without registration or payment of GST, HSNS Cess and central excise duty was detected through an intelligence-led search. Undeclared Form-Fill-Seal packing machines, workers, finished goods, raw materials, transport vehicles, packing materials and records indicated unaccounted production and clearance. Capacity-based monthly HSNS Cess for pan masala is computed according to the number, type and capacity of installed packing machines, while a corresponding capacity-based central excise levy applies to chewing tobacco, jarda and gutkha.
August 22, 2026
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Trade exhibition connects Korean exporters with Indian buyers through sector-specific consultations and certification guidance for market entry.
KoINDEX 2026 is a business-to-business trade exhibition bringing Korean manufacturers and exporters together with buyers in India and South Asia. It focuses on beauty and personal-care products, processed and functional foods, and construction, building and safety products. Commercial engagement includes pre-matched export consultations with project owners, contractors, distributors, wholesalers, e-commerce platforms and food distribution businesses. A seminar addresses Bureau of Indian Standards certification and market-entry requirements for Korean products entering the Indian market.
August 22, 2026
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Independent PMLA proceedings require separate anticipatory bail assessment; predicate-offence protection alone cannot establish pre-arrest protection.
Protection in a predicate-offence FIR does not automatically extend to independent PMLA proceedings. Anticipatory bail in a money-laundering investigation must be assessed under the applicable PMLA condition and on the material connecting the applicant to alleged proceeds of crime. Relevant considerations include the financial trail, recorded statements, bank-account analysis, compliance with summonses, cooperation with inquiry, and the need for personal participation in evidence collection and confrontation with documentary and digital material.
August 22, 2026
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Financial accessibility for Divyangjans requires compliance standards, practical implementation measures and stronger institutional capacity across financial services.
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August 22, 2026
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Audit quality enhancement for small and medium auditors emphasises technology, global standards, inspection insights and stronger financial reporting.
Audit quality and financial reporting reliability were the focus of NFRA's outreach programme for small and medium audit firms. The programme promoted professional capacity-building, alignment with contemporary global standards, adoption of appropriate audit technology, and the public-interest role of the accountancy profession. Technical sessions covered audit strategy documentation, risks of material misstatement, and practical lessons from audit-firm oversight to support improved day-to-day audit practice and high-quality financial reporting.
August 22, 2026
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Cartelisation by agro-input dealer associations attracted monetary sanctions, cease-and-desist directions, and mandatory competition-compliance training for responsible officials.
Cartelisation by the two agro-input dealer associations and named individuals contravened Section 3(3)(b) read with Section 3(1) of the Competition Act, 2002. Monetary sanctions were imposed, and association office-bearers were held liable under Section 48. The parties and liable officials were directed to cease and desist from future anti-competitive conduct and to organise competition-compliance training to promote awareness and compliance within the associations.
August 22, 2026
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Circular economy partnerships promote resilient value chains, resource efficiency and sustainable growth alongside evolving India-EU trade integration.
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August 22, 2026
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Bid rigging through pre-bid exchange of sensitive price information attracted penalties and cease-and-desist directions in tyre procurement.
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August 22, 2026
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Import tariffs on Canadian products trigger potential retaliatory levies after bilateral negotiations fail to reach agreement.
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August 21, 2026
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Rupee exchange-rate movement reflected geopolitical tensions, crude oil conditions and market intervention, while export payment rules expanded rupee invoicing.
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August 21, 2026
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Non-controlling land-bordering country ownership permits eligible foreign investment through the automatic route, subject to sectoral conditions and reporting.
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August 21, 2026
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August 21, 2026
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Capacity-based taxation targets undeclared pouch-packing machinery used for clandestine pan masala and tobacco production and untaxed clearances.
Capacity-based taxation of pan masala and specified tobacco products is determined by the number, type and capacity of installed pouch-packing machines. Searches at interconnected manufacturing and trading premises detected unregistered operations using undeclared machinery for clandestine manufacture and clearance of pan masala, scented jarda and gutkha without payment of GST, HSNS cess and central excise duty. Finished goods, raw materials, packing materials and machinery were seized. The manufacturing firm's proprietor was prima facie identified as managing the operation and was arrested under the applicable cess and central excise laws.
August 21, 2026
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Technology risk oversight requires Urban Co-operative Banks to retain accountability while building shared and role-specific capabilities.
Urban Co-operative Banks must strengthen digital and risk-management capabilities as technology dependence exposes them to cyber threats, fraud, service-provider failures and common-platform vulnerabilities. Outsourcing critical systems does not transfer the bank's responsibility for oversight, safeguards and continuity. Boards and senior management must retain sufficient knowledge to supervise external providers effectively. Mission SAKSHAM supports role-specific, continuous capability building through physical and online learning, while collective infrastructure and shared expertise can supplement individual institutional capacity.
August 21, 2026
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Foreign exchange market modernisation prioritises delegated decisions, customer transparency, digital workflows, local-currency settlement and accountable risk management.
Foreign exchange market modernisation advances a facilitative, principles-based framework based on delegated decision-making by Authorised Dealers, risk-based reporting, and customer-centric service standards. Authorised Dealers must apply clear internal policies, avoid unnecessary documentation, disclose charges, timelines and grievance mechanisms, and ensure consistent treatment of comparable transactions. Local-currency settlement requires viable trade corridors, competitive hedging, correspondent relationships and robust AML/CFT controls. Digital workflows, electronic trading and reporting infrastructure should improve transparency and resilience, while automated tools remain subject to explainability, review and data-protection safeguards.
August 21, 2026
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Sugar price containment measures restrict stockholding, permit duty-free imports, and strengthen inventory verification to deter hoarding.
Sugar price containment measures include stock limits for dealers, consumption-based inventory restrictions for bulk consumers, duty-free raw sugar imports, and physical verification of mill stocks to prevent hoarding and artificial scarcity. Price increases are attributed to lower domestic output, festive demand, crop damage, tighter global supplies, and speculation rather than sugar diversion for ethanol. Earlier crushing is advised to improve seasonal availability, while the ethanol programme supports management of sugar surpluses, mill liquidity, and timely sugarcane payments.

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Customs, DGFT & SEZ

Government Boosts Turmeric Exports Through SPICED Scheme

August 12, 2025

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Spices Board Drives Global Turmeric Reach with Quality and Market Linkage Programs

Government of India through Spices Board is implementing the scheme “Sustainability in Spice Sector through Progressive, Innovative and Collaborative Interventions for Export Development (SPICED)” under which various programs are undertaken to promote the export of spices including turmeric. These inter-alia include implementation of food safety and quality assurance mechanisms / certifications, postharvest quality upgradation, support for processing and value addition, organizing training 2 programme for stakeholders of turmeric aimed at quality improvement and entrepreneurship development; quality evaluation of export consignments of turmeric through quality evaluation laboratories to ensure compliance with quality specifications of importing countries and organization of Buyer Seller meets (domestic and international) to establish direct market linkage between farmers/farmer groups, exporters/processors and international buyers.

Further, in order to harness the potential of turmeric and turmeric products, the “National Turmeric Board” was constituted vide notification dated 04.10.2023 with the following objectives:-

i. Promote new product development and value addition in turmeric;

ii. Promote awareness and consumption of turmeric and turmeric products in international markets;

iii. Facilitate market research in potential international markets for development of value- added turmeric products;

iv. Facilitate creation and improvement of infrastructure and logistics for exports of turmeric and turmeric products;

v. Encourage building of resilient and sustainable supply chains for turmeric and turmeric products by strengthening forward and backward linkages;

vi. Promote compliance with quality and safety standards across the supply chain of turmeric;

vii. Promote capacity building and skill development of turmeric growers for value addition activities;

viii. Strengthen documentation of traditional knowledge related to use of turmeric and its applications;

ix. Encourage studies, clinical trials and research on medicinal, health and wellness enhancing properties of turmeric; and

x. Any other objective as may be determined by the Central Government for promotion and development of the turmeric sector.

The details of India’s contribution in the world exports of turmeric since 2020 is provided in Annexure-I.

The volume of turmeric exports from India since 2020 is provided in Annexure -II.

The details of revenue generated from exports of turmeric, state-wise from FY 2020- 21 to FY 2024-25 is provided in Annexure-III.

The top five importers of Indian turmeric since 2020 are Bangladesh, UAE, USA, Malaysia and Morocco. The volume of turmeric exported to them for the period from 2020- 21 to 2024-25 is provided in Annexure-IV.

This information was given by the Minister of State for Ministry of Commerce & Industry, Shri Jitin Prasada, in a written reply in the Lok Sabha today.

Annexure-I

Annexure referred to in reply to Part (a) of Lok Sabha Unstarred Question No. 3848 for answer on 12.08.2025

INDIA’S CONTRIBUTION IN THE WORLD EXPORTS OF TURMERIC (VALUE IN MILLION US$)

YEAR

 INDIA

WORLD

INDIA'S SHARE

2020

232.38

349.58

66%

2021

225.54

367.70

61%

2022

214.82

373.24

58%

2023

212.69

342.67

62%

2024

333.25

502.74

66%

Source: Spices Board

Annexure-II

Annexure referred to in reply to Part (a) of Lok Sabha Unstarred Question No. 3848 for answer on 12.08.2025

EXPORT OF TURMERIC FROM INDIA

Year QTY

Year QTY (MT)

2020-21

183,868

2021-22

152,758

2022-23

170,085

2023-24

162,019

2024-25

176,325

Source: Spices Board

Annexure-III

Annexure referred to in reply to Part (b) of Lok Sabha Unstarred Question No. 3848 for answer on 12.08.2025

STATE WISE EXPORT OF TURMERIC ( THROUGH MAJOR PORTS IN THE STATE)

 

2020-21

2021-22

2022-23

2023-24

2024-25

State

Value (Mln $)

Value (Mln $)

Value (Mln $)

Value (Mln $)

Value (Mln $)

MAHARASHTRA

78.21

92.41

93.96

92.23

155.35

WEST BENGAL

40.10

26.24

32.36

39.50

48.54

KERALA

34.32

30.62

31.01

35.07

46.77

GUJARAT

17.56

16.48

17.95

20.06

37.16

TAMIL NADU

21.84

23.23

19.90

26.53

34.29

KARNATAKA

27.19

8.57

3.42

2.43

5.68

RAJASTHAN

1.86

2.01

1.66

2.44

3.53

TELANGANA

2.57

1.13

1.56

1.74

2.64

ANDHRA PRADESH

2.31

0.51

1.16

1.96

2.19

BIHAR

2.55

2.72

1.52

1.76

2.13

MADHYA PRADESH

1.39

1.65

1.22

1.15

1.34

UTTAR PRADESH

1.20

0.92

0.56

0.82

0.92

DELHI

0.53

0.46

0.37

0.44

0.63

HARYANA

0.64

0.76

0.66

0.29

0.17

TOTAL

232.41

205.87

207.45

226.58

341.54

Source: Spices Board

Annexure-IV

Annexure referred to in reply to Part (c) of Lok Sabha Unstarred Question No. 3848 for answer on 12.08.2025

YEAR WISE EXPORTS OF TURMERIC TO TOP FIVE IMPORTERS OF INDIAN TURMERIC

 

2020-21

2021-22

2022-23

2023-24

2024-25

Country

Qty

Qty

Qty

Qty

Qty

BANGLADESH

51308.20

25256.46

34523.90

37577.13

34073.12

U.A.E

13795.79

22500.41

18980.25

17316.11

25135.96

U.S.A

10693.83

8266.66

7009.43

8602.79

8536.35

MALAYSIA

7987.70

8058.84

6829.46

8465.90

8825.86

MOROCCO

8906.01

9505.43

10663.63

7826.43

9390.32

Source: Spices Board

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