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    Senior citizen threatened with terror funding case probe, duped of Rs 7.2 crore
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    UK’s PG Paper welcomes SEBI review of fraud allegations against Indian firm
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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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PMLA / Black Money

HIGHLIGHTS

August 13, 2025

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New Delhi, Aug 13 (PTI) Following are the top stories at 1 pm: NATION DEL16 JK-LD INFILTRATION

Army foils infiltration bid in J-K's Uri; soldier killed Srinagar: A soldier was killed in an exchange of fire as the Army on Wednesday foiled an infiltration bid along the Line of Control (LoC) in Uri sector of Jammu and Kashmir, officials said.

DEL17 AVI-DELHI AIRPORṣT

Restrictions for non-scheduled flights at Delhi airport on Aug 15 New Delhi: Non-scheduled flights will not be permitted to land at or take off from the Delhi airport during specified hours on August 15.

DEL4 RJ-LD ACCIDENT

7 children among 11 killed as pickup van rams into truck in Rajasthan's Dausa Jaipur, Aug 13 (PTI) A pickup van crashed into a parked truck in Rajasthan's Dausa district in the early hours of Wednesday, killing 11 people, including seven children, and injuring eight others, police said.

DEL13 ED-RAINA

Suresh Raina appears before ED in illegal betting app case New Delhi: Former Indian cricketer Suresh Raina appeared before the Enforcement Directorate (ED) here on Wednesday for questioning in an alleged illegal betting app-linked money laundering case, official sources said.

DEL15 ED-HOME BUYERS-SEARCHES

ED raids against UP realty group for Rs 248-cr 'fraud' with home buyers New Delhi/Lucknow: The Enforcement Directorate on Wednesday conducted searches against an Uttar Pradesh-based realty group as part of a money laundering probe against it for allegedly duping investors to the tune of Rs 248 crore, official sources said.

DEL11 ED-KA-MLA-SEARCHES

ED raids Karnataka Cong MLA, others in illegal iron ore export case Bengaluru: The Enforcement Directorate on Wednesday raided premises linked to Karnataka Congress MLA Satish Krishna Sail and some others as part of a money laundering investigation against the legislator in a case related to alleged illegal export of iron ore, official sources said.

DEL21 ENV-FOREST-COAL MINE

109 ha forest to be diverted for West Bengal coal mine; 629 families to be rehabilitated New Delhi: The Centre has given in-principle approval for diversion of 109.459 hectares of protected forest land in West Bengal's Durgapur Forest Division for the Gourangdih ABC Coal Mine, a project which involves the rehabilitation of 629 families, according to official records.

MDS5 TL-ONLINE BETTING-ACTOR

Actress Lakshmi Manchu appears before ED in online betting linked PMLA case Hyderabad: Telugu actress Lakshmi Manchu on Wednesday appeared before the Enforcement Directorate (ED) here for questioning in a money laundering case linked to illegal online betting and gambling by certain platforms.

MDS4 KA-CM-LD BJP

BJP's Siroya seeks probe into ex-minister's claim of vote purchase to help Siddaramaiah win in polls Bengaluru: BJP Rajya Sabha member Lahar Singh Siroya has urged the Election Commission to take note of former Union Minister C M Ibrahim's reported remarks on the alleged purchase of votes during the 2018 Karnataka Assembly elections to help Siddaramaiah win from Badami segment.

MDS3 TN-DMK-MAITREYAN

AIADMK leader, former MP Maitreyan joins DMK Chennai: Former MP V Maitreyan on Wednesday quit the AIADMK and joined the ruling DMK in the presence of Chief Minister MK Stalin.

CAL1 WB-ACTOR-DEATH

Veteran Bengali actor Basanti Chatterjee dies Kolkata: Veteran Bengali actor Basanti Chatterjee breathed her last at her home here on Tuesday night, her family said.

LEGAL LGD5 SC-WRESTLER

SC cancels bail to wrestler Sushil Kumar in Chhatrasal Stadium murder case New Delhi: The Supreme Court on Wednesday cancelled bail to Olympic medallist Sushil Kumar in the murder case of former junior national wrestling champion Sagar Dhankar at the Chhatrasal Stadium in the national capital.

LGD8 SC-DOGS

Plea on stray dogs mentioned in SC, CJI says he 'will look into it' New Delhi: "I will look into it," Chief Justice of India B R Gavai assured on Wednesday when a plea relating to stray dogs was mentioned for urgent hearing in the Supreme Court.

FOREIGN FGN2 UN-UNGA-MODI

PM Modi likely to visit New York for UNGA session next month United Nations: Prime Minister Narendra Modi is likely to address the annual high-level session of the United Nations General Assembly (UNGA) in September, according to a provisional list of speakers issued by the UN here. By Yoshita Singh

FGN3 US-INDIA-PAK

Our relationship with both India and Pakistan is 'good': US New York/Washington: America’s relationship with both India and Pakistan is “good”, the US State Department has said, asserting that the diplomats are "committed to both nations". By Yoshita Singh

FGN10 US-PAK-TERRORISM

US, Pak to deepen bilateral cooperation to tackle leading militant groups Islamabad: Pakistan and the US have agreed to deepen bilateral cooperation to tackle leading militant groups, including the Balochistan Liberation Army (BLA), ISIS-Khorasan, and the Taliban. By Sajjad Hussain

FGN4 US-SIKH-ASSAULT

Elderly Sikh man brutally assaulted in LA, suspect in custody New York: An elderly Sikh man was assaulted in Los Angeles and suffered a skull fracture and potential brain trauma, as authorities announced a suspect has been arrested for the attack.

PTI SHS NB

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