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    Net direct tax collection grows 23 pc to Rs 8.11 lakh cr so far this fiscal
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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
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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.
August 11, 2026
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Rupee exchange-rate pressure intensified as crude oil, regional uncertainty and weaker equities constrained the local currency in early trade.
Foreign-exchange market conditions placed the rupee under pressure against the US dollar amid West Asia uncertainty, higher crude oil prices, and weaker domestic equity markets. Foreign institutional investor inflows and Reserve Bank of India intervention supported the rupee and limited further depreciation. Reported dollar sales through state-run banks helped contain downside pressure despite rising Brent crude prices and uncertainty concerning the Strait of Hormuz.
August 10, 2026
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GST refund facilitation expands provisional input tax credit refunds and removes the minimum threshold for export-related IGST refunds.
Punjab's GST amendments facilitate voluntary compliance and reduce procedural burdens by allowing a 90 per cent provisional input tax credit refund in inverted duty structure cases and removing the minimum threshold for IGST refunds on exported goods. Additional measures cap annual fee increases by private unaided educational institutions, establish digital open universities for technology-enabled higher education, protect trees and green cover, and address common infrastructure, panchayati raj, and contractual engagement of outsourced State personnel.
August 10, 2026
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Video-conference statements for an approver application were declined, requiring the accused's statement to be recorded before consideration.
Special CBI Court rejected an accused's request to record her statement through video conferencing in a bank-fraud prosecution. The accused had sought to become an approver, and her statement was required to be recorded before consideration of that application. She and her husband had previously become approvers in a related money-laundering matter involving alleged fraudulent Letters of Undertaking.
August 10, 2026
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Fuel price transparency highlights allegations over excise duty, consumer retail costs, and profit disclosures by state-run oil marketing companies.
Fuel pricing, central excise duty and profits of state-run oil marketing companies are examined through allegations that retail fuel prices and tax policy imposed excessive costs on consumers while generating substantial company profits. The criticism contrasts high crude-price periods with lower retail prices and lower excise duty against a later period in which reduced crude prices were allegedly not passed through to consumers. Profit-margin disclosure is also raised as a transparency issue, with parliamentary information described as covering oil prices, global crude prices and company profits.
August 10, 2026
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Discharge in money-laundering proceedings turns on whether pre-charge material sufficiently establishes the alleged offence.
Discharge in a money-laundering prosecution was sought before a special PMLA court concerning alleged siphoning and laundering of loans advanced to Jet Airways by Canara Bank. The prosecution was directed to respond, subject to the applicant not seeking adjournment. Discharge is available after filing of a chargesheet and before framing of charges where the material before the court is insufficient to establish the alleged offence. The proceedings arise from a CBI FIR concerning alleged bank fraud involving Jet Airways and associated persons.
August 10, 2026
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High-speed rail indigenisation and infrastructure performance monitoring require skills development, comparative planning, measurable station assessments and freight-terminal dashboards.
Parliamentary oversight calls for accelerated indigenisation of high-speed rail components, capacity-building through international expertise, and comparative study of successful high-speed rail systems for future corridors. Redeveloped stations should be assessed through measurable indicators concerning passenger use, accessibility, cleanliness, commercial occupancy, maintenance and feedback, with completed-project practices documented and shared. Operational cargo terminals and cargo-related facilities should be monitored through a digital dashboard covering utilisation, rake performance, mechanisation, connectivity, safety compliance and customer satisfaction.
August 10, 2026
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MSME and export promotion framework expands finance, technology, infrastructure, sustainability and global-market support for enterprise growth.
Haryana Progressive MSME and Export Promotion Policy 2026 creates a five-year framework for MSME growth through financial incentives, institutional support, industrial infrastructure, technology adoption and export facilitation. Identified thrust-sector enterprises may receive capital and interest subsidies, stamp duty reimbursement, employment assistance, insurance support, and incentives for automation, artificial intelligence, testing and research. Proposed venture capital and credit guarantee funds seek to improve institutional and collateral-free finance. Export support covers international certifications, credit, insurance, freight, e-commerce, trade fairs, documentation, compliance and buyer connections, alongside sustainability and inclusive entrepreneurship measures.
August 10, 2026
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Employee data exposure alerts trigger review of alleged password spraying and MFA fatigue, with customer and operational systems unaffected.
Employee data exposure alerts prompted TCS to review allegations concerning limited basic employee information that appears to be more than four years old. No indication exists that customer data, customer systems, or operational systems have been affected. The alleged vectors involve password spraying and multi-factor authentication fatigue. TCS states that safeguards against these techniques have been in place for more than two years, its controls remain effective, and monitoring and further assessment will continue.
August 10, 2026
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Mustard honey export demonstrates FPO-led aggregation, quality-focused production and industry collaboration for international agricultural market access.
Mustard honey export from Tripura to Dubai marks the first international shipment by Dergang Farmer Producer Organisation, supported through export-oriented aggregation and market linkage initiatives. The export creates overseas market access for local beekeepers and farmers, diversifies the honey value chain, and encourages quality-focused production. Industry collaboration supported bee production and an export-oriented supply chain, while capacity building, quality assurance, value addition and market linkages can strengthen agricultural exports and farmer participation in international markets.
August 10, 2026
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Digital banking evidence gains recognition through a modernised framework for physical and electronic records, with privacy and security safeguards.
The Bankers' Books Evidence Bill, 2026, modernises the evidentiary framework for bankers' books by permitting banking records to be produced in physical or electronic form in legal proceedings. It recognises electronic, digital and virtual records and enables the Central Government to extend the regime to other regulated financial entities, supporting a uniform financial-sector evidentiary framework. The framework seeks secure and transparent use of banking records while safeguarding customer privacy, confidentiality and data security.
August 10, 2026
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Illicit opioid medicine exports exposed through concealed cargo, clandestine manufacturing, repacking, and attempted transnational trafficking to Nigeria.
Illicit manufacture and attempted export of controlled opioid medicines were detected in a network producing, concealing, storing and exporting Tramadol Hydrochloride tablets to Nigeria. A consignment declared as Pregabalin capsules contained concealed Tramadol Hydrochloride and Tapentadol tablets. Investigation identified clandestine manufacture, repacking and preparation for export, with searches yielding tablet-compression machinery and raw materials. Tramadol is a psychotropic substance under the Narcotic Drugs and Psychotropic Substances Act, while Tapentadol is regulated under the Drugs and Cosmetics Act and its rules.
August 10, 2026
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Summons compliance under anti-money-laundering law faces appellate scrutiny after acquittal over unproven email service allegations.
Delhi High Court required Arvind Kejriwal to reply to Enforcement Directorate petitions challenging his acquittal in proceedings concerning alleged non-compliance with summonses. The trial court found that the agency had not proved intentional disobedience, service of summons through email, or lawful issuance of electronic summons under the Prevention of Money Laundering Act. The appellate challenge concerns proof of service, validity of electronic summons, and intentional non-compliance.

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IIM Calcutta launches Advanced Programme in Smart Manufacturing Leadership to drive India's Industry 4.0 revolution

August 13, 2025

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This programme is offered in partnership with VCNow Executive Education - a brand owned by Unified Collaboration Services LLP. KOLKATA, India, Aug. 13, 2025 /PRNewswire/ -- As India advances towards its goal of becoming a USD 5 trillion economy, the government is focused on enhancing the manufacturing sector, particularly through smart and digital manufacturing initiatives. With the 'Make in India' initiative having gained momentum, the National Policy on Electronics and the Production Linked Incentive (PLI) Scheme are further underlining the government's dedication to establishing India as a prominent global manufacturing hub. According to a report by OmniScience Capital, India's manufacturing sector is expected to play a pivotal role in driving economic growth, contributing 20% to the country's GDP by 2035 and presenting a potential market opportunity worth USD 3 trillion. To meet the demand for visionary leaders in this field, IIM Calcutta is launching the Advanced Programme in Smart Manufacturing Leadership (APSML) in collaboration with VCNow Executive Education, a brand owned by Unified Collaboration Services LLP. This unique eight-month programme targets senior professionals, plant heads, CXOs, operations leaders and entrepreneurs who aspire to implement smart and digital manufacturing strategies, utilizing Industry 4.0 technologies to achieve operational excellence and enhance competitiveness. "At IIM Calcutta, we are committed to developing future-ready leaders. The APSML programme is a strategic step towards empowering professionals to lead India's smart manufacturing revolution with vision, innovation, and technological excellence," said Prof. Alok Kumar Rai, Director, IIM Calcutta. "As we continue to push the boundaries of innovation and smart manufacturing, this programme represents a significant commitment to shaping the future of our industry and our nation," said Prof. R Rajesh Babu, Dean of Executive Education at IIM Calcutta. He goes on to add that the programme allows participants to gain a comprehensive understanding of Industry 4.0 and to design and lead digital transformation initiatives that leverage new-age technologies. "This is achieved through the integration of technologies such as IoT, AI, robotics, digital twins, and cloud computing to enhance manufacturing excellence." The programme's curriculum is carefully designed to cover key areas that are highly relevant to the industry. "The programme focuses on data-centric aspects such as data-driven manufacturing, cyber security, data governance, and system modelling, which enables participants with enhanced decision-making tools to improve business performance through optimized production processes, increased responsiveness and efficiency," explained Prof. Partha Priya Datta, Programme Director of APSML. As the industry requires a blend of technical, managerial, and operational skills, the programme also places a strong emphasis on strategic and operational aspects. "Through sustainable strategy, supply chain management, change management, and leadership skills in digital manufacturing, we aim to bring in the aspects of strategy and operational excellence and inculcate these amongst the participants. The programme helps participants to learn how to foster a culture of continuous improvement and drive strategic innovation within their organizations through the adoption of intelligent manufacturing," he pointed out. Prof. Vishal Bansal, Programme Director of APSML, highlights the significance of experiential learning in Industry 4.0, noting that to truly drive innovation, one needs to learn through direct experience. "Our teaching methods include hands-on demonstrations of Industry 4.0 tools, capstone projects, guest lectures from industry leaders, group projects, simulations, and gamified learning, along with case discussions focusing on both Indian and international manufacturing firms," he disclosed. What makes this programme executive-friendly is its seamless online format, made possible through a partnership with VCNow Executive Education, which utilizes state-of-the-art technology. "We are excited to partner with IIM Calcutta in launching this cutting-edge programme, which perfectly aligns with our focus on leveraging smart technology for transformative learning experiences. We look forward to supporting participants to learn and become leaders in their respective domains, providing them with seamless access to IIM Calcutta's world-class knowledge and resources through our technology and student support systems," shared Pulak Pattanayak, Co-Founder and Director of VCNow. The online sessions are held once a week for 3 hours on Saturdays, allowing professionals to balance their work and study commitments easily. Additionally, the programme includes a 4-day campus immersion, providing valuable hands-on experience. IIM Calcutta's Centre of Excellence in Manufacturing has a proven track record of delivering high-quality programmes and the Advanced Programme in Smart Manufacturing Leadership aims to elevate this expertise further. It is designed for professionals with at least 8 years of work experience in manufacturing, operations, supply chain, or related sectors. IIM Calcutta's APSML is a timely and distinctive offering that supports the national mission to transform India into a global manufacturing hub. By equipping professionals with the latest skills and knowledge, this programme is poised to shape the future of India's manufacturing industry. To learn more about the programme and admission process, visit the programme's website https://www.iimcal.ac.in/ldp/advanced-programme-smart-manufacturing-leadership-apsml About IIM Calcutta Established in 1961, Indian Institute of Management Calcutta is India's first national institute for postgraduate management education and a leader in business education in Asia. It is the only Indian B-school with triple accreditation from AACSB, AMBA, and EQUIS. Renowned for its academic rigor, global outlook, and strong industry connections, IIM Calcutta develops ethical, innovative leaders equipped to shape business and society worldwide. About VCNow: VCNow Executive Education is a brand owned by Unified Collaboration Services LLP, founded and run by professionals who pioneered the rollout of large-scale B2B video conferencing (VC) services in India. VCNow is a brand with a leading edge in leveraging video technologies for business and learning. VCNow Executive Education is trusted by India's premier B-Schools, and thousands of working professionals have benefited from its executive education programmes. VCNow currently runs programmes covering a wide range of domains in association with premier institutes including several IIMs and XLRI. Visit to know more about us - https://vcnow.in/go/iimc-apsml-pr. Media Contact Name: Shreyashi Dwivedi Email: [email protected] Photo - https://mma.prnewswire.com/media/2749000/IIM_Calcutta_Campus.jpg' alt='Embedded Media' /> (Disclaimer: The above press release comes to you under an arrangement with PRNewswire and PTI takes no editorial responsibility for the same.). PTI

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