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    Protection in predicate offence doesn't automatically extend to PMLA case: Delhi HC
    DFS Concludes Two-Day Workshop on Enhancing Accessibility of Financial Services for Divyangjans
    National Financial Reporting Authority (NFRA) conducts sixth outreach programmes with focus on small and medium auditors under the theme “Creating a...
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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.
Accessibility of financial services for Divyangjans was examined through a workshop focused on public sector banks, insurance companies, regulators and public financial institutions. Discussions covered accessibility standards, compliance requirements, legal provisions, practical implementation challenges and institutional best practices under the Sugamya Bharat initiative. Participants considered operational measures to strengthen institutional capacity, inclusivity and equitable access to financial services.
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.
India-Finland circular economy cooperation is being developed through business, technology, investment and commercial partnerships supporting resource-efficient and sustainable growth. Discussions focused on competitive and resilient value chains based on circularity, traceability, resource efficiency and sustainable business practices. Circular economy principles extend beyond waste management into product design, value chains, resource use, skills development and new business models. The India-EU free trade agreement remains subject to legal review and formal ratification and is not yet in force.
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.
Bid rigging in tyre procurement was established where Rekha Agencies and SS Marketing exchanged commercially sensitive price-bid information before submitting bids for the Himachal Pradesh Tender 2013. The concerted conduct contravened the prohibition on anti-competitive agreements and bid rigging. Monetary penalties and cease-and-desist directions were imposed on both enterprises. An official of Rekha Agencies was also penalised for liability arising from the contravention, while proceedings against the official of SS Marketing stood abated following his death.
August 22, 2026
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Import tariffs on Canadian products trigger potential retaliatory levies after bilateral negotiations fail to reach agreement.
Import tariffs on Canadian products are set to be imposed by the United States at a 50% rate after bilateral negotiations did not produce an agreement. The measures cover products including hockey sticks and tongue depressors and affect a limited share of Canada's annual exports to the United States. Canada has indicated possible retaliatory levies, intensifying the bilateral trade dispute.
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.
Foreign Trade Policy amendments facilitate export invoicing and receipt of payments in Indian rupees. For exports to countries outside the Asian Clearing Union, export contracts and invoices may be denominated in Indian rupees or any foreign currency. The earlier general requirement that export earnings be received in a freely convertible currency is thereby eased, while applicable rules continue to vary according to destination.
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.
Foreign direct investment may use the automatic route where non-controlling beneficial ownership from a land-bordering country in the investor entity does not exceed 10%, subject to sectoral caps, entry routes and other applicable conditions. The beneficial ownership test applies at the investor-entity level. Eligible investors need not obtain separate prior Government approval after reporting relevant information to the Government. The framework replaces the earlier approval requirement applicable even to minimal beneficial ownership from land-bordering countries.
August 21, 2026
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Climate-resilient urban water security modernises Chennai's supply and sanitation systems through ring-main infrastructure, digital monitoring, and safer sewer operations.
Chennai Climate-Resilient Water Security and Sewerage Project modernises and expands water supply and sanitation infrastructure through a loan arrangement between the Government of India and the Asian Development Bank. Measures include new pipelines, upgraded pumping stations, performance-based utility operations, and a comprehensive ring-main system to improve water-pressure balance, distribution efficiency, reliability and climate resilience. Digital monitoring and advanced blockage-detection technology are intended to improve operational decisions, customer responsiveness and worker safety while eliminating hazardous manual sewer inspections.
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.
August 21, 2026
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Cross-border insolvency enforcement constrains asset recovery as Evergrande liquidation, founder asset confiscation, and audit-related claims continue.
Evergrande's insolvency process involves liquidation proceedings for its mainland property-development unit and its Hong Kong-listed holding company. Cross-border recovery is constrained by separate Hong Kong and mainland China legal systems, particularly because most operational assets are located in mainland China. Liquidators are pursuing asset-tracing and recovery measures against the founder and connected persons, as well as claims concerning pre-collapse audits. Investigations identified revenue overstatement through manipulated financial data. Creditor recoveries are expected to be limited due to substantial liabilities and constraints on asset realisation.
August 21, 2026
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Foreign exchange reserves rose through higher currency assets and gold holdings amid measures to attract external forex inflows.
India's foreign exchange reserves increased during the reporting week, led by higher foreign currency assets and gold reserves. Foreign currency assets include the dollar-value effects of movements in non-US currencies held as reserves. Special drawing rights declined marginally, while the reserve position with the International Monetary Fund increased marginally. Concessional swap arrangements formed part of measures to attract foreign-exchange inflows, while earlier reserve movements were linked to rupee pressure and dollar-sale intervention in the foreign-exchange market.
August 21, 2026
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Incremental tariff recovery aligns airport user charges with completed infrastructure, preventing passengers from funding non-operational capital projects prematurely.
User development fees and airport tariffs for Bengaluru International Airport have been revised for the April 2026 to March 2031 control period. The incremental Average Revenue Requirement framework excludes costs of identified high-value capital projects from tariffs until the relevant assets are completed, commissioned and available for users. Incremental tariff recovery may begin only upon operational availability, aligning charges with infrastructure use, reducing premature recovery risk for passengers and airlines, and encouraging timely completion of major capital works.
August 21, 2026
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Customer experience analytics enables banks to convert real-time feedback into operational improvements across high-value customer journeys.
Customer experience analytics is used in banking to transform customer data and real-time feedback into operational improvements across key customer journeys. Operational teams retain responsibility for strategy and execution, supported by in-house analytics and technology platforms for multi-channel journey mapping, journey analytics and prioritisation of high-value customer segments. AI-driven customer experience management tools capture customer signals, analyse journey performance and operationalise actionable insights across teams.
August 21, 2026
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Predicate-offence dependency limits retrospective addition of old FIRs to preserve money-laundering proceedings after the original scheduled offence is closed.
Predicate-offence dependency under the Prevention of Money Laundering Act requires an ECIR to rest on a subsisting scheduled offence. Closure of the FIR forming its basis through an accepted cancellation report prevents continuation of money-laundering proceedings unless that closure is overturned. A previously registered FIR cannot be belatedly added merely to preserve an existing ECIR and coercive powers. Where statutory requirements are met, an independently registered ECIR may be required. Expansion of an ECIR cannot rest solely on tenuous factual links between successive disputes.
August 21, 2026
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Indian rupee export invoicing rules now permit overseas contracts and invoices in rupees or foreign currency for eligible destinations.
Foreign Trade Policy provisions were amended to facilitate invoicing of overseas exports and receipt of export payments in Indian rupees. For exports to countries outside the Asian Clearing Union, export contracts and invoices may be denominated in Indian rupees or any foreign currency, replacing the earlier general requirement that export earnings be received in a freely convertible currency. The applicable requirements vary according to the destination country.

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Independence Day Home Loan Offers: Bajaj Finserv Offers Special Interest Rates for New Borrowers

August 13, 2025

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This Independence Day, celebrate the freedom and pride of owning your dream home by applying for a Bajaj Housing Finance home loan and avail special interest rates! Pune (Maharashtra) [India], August 13: Becoming a homeowner is one of life’s major milestones. Owning a property signals true independence, offering a sense of security, stability, and control over one’s finances and living space. For most Indians, homeownership symbolises the ultimate dream, fostering a sense of pride and fulfilment. As the nation prepares to celebrate freedom and fresh beginnings this Independence Day, Bajaj Housing Finance is offering special interest rates on housing loans for new borrowers, helping them achieve this lifelong aspiration. Bajaj Housing Finance, a subsidiary of Bajaj Finance Limited, brings the trust and reputation of one of India’s leading NBFCs to every housing loan it sanctions. Under the limited-period offer, eligible first-time borrowers can avail interest rates starting from 7.35%* p.a., making EMIs lighter and homeownership more attainable this season. The Bajaj Housing Finance home loan amount can go up to Rs. 15 crore*, with tenures of up to 32 years and EMIs as low as Rs. 677 per lakh*, depending on eligibility. Quick approvals and loan disbursal While applying for a home loan, applicants prioritise lenders that approve loan applications quickly and disburse loans without involving tedious paperwork. Bajaj Housing Finance guarantees quick loan approval times. Once the application is approved and documents are verified, disbursal typically happens within 48 hours*, helping prospective homebuyers move quickly on time-sensitive property decisions. The entire process is transparent and hassle-free as it is completely digital, and applicants can track their loan details and related documents through the customer portal. Key features of Bajaj Housing Finance home loans • Special interest rates: This Independence Day, new borrowers can avail interest rates as low as 7.35%* p.a., significantly reducing their EMI burden. • High loan amounts: Borrowers can avail housing loans up to Rs. 15 crore*, depending on eligibility and property type. • Long tenures: Applicants can choose a tenure that makes repayment convenient, as these housing loans come with tenures of up to 32 years. • Fast disbursal: Post approval and document verification, loans are typically disbursed within 48 hours*. • Home loan balance transfer: Borrowers can shift their existing home loans to Bajaj Housing Finance to potentially lower their monthly EMIs and enjoy better repayment terms. • Top-up loans: Depending on their eligibility, borrowers opting for the home loan balance transfer option can also avail a top-up loan of up to Rs. 1 crore* or more! • Personalised repayment options: Thanks to tailored repayment plans that ease cash flow until possession, borrowers purchasing an under-construction property can start with a lighter EMI schedule in the early months. Why avail a Bajaj Housing Finance home loan? • Predictable to flexible repayments: Borrowers may opt for a dual-rate structure, where the interest rate remains fixed for the first three years and then automatically switches to a floating rate, for stability early on and flexibility later. • Zero prepayment charges: Individual borrowers on floating rates pay zero foreclosure or prepayment charges, allowing them to reduce interest outgo whenever they receive surplus funds. • Wider property choice: With 7,800+ approved projects, Bajaj Housing Finance helps prospective homeowners discover options across cities at competitive terms. • Benchmark-linked transparency: Applicants may choose an external benchmark–linked housing loan (for example, repo-linked), ensuring policy rate changes flow through transparently. • Top-up convenience: Those transferring an existing housing loan can seek a top-up of Rs. 1 crore* or more (basis eligibility) at reduced interest rates. • Online tools and tracking facility: Before applying for a home loan, prospective homebuyers can use online tools like EMI and eligibility calculators that help them better plan their finances. Additionally, once their loan application is approved, they get real-time access to loan details and other loan-related documents through the customer portal. • Doorstep document pick-up and hassle-free application: The Bajaj Housing Finance home loan application process is convenient and hassle-free, as borrowers can apply for the loan digitally. Additionally, they can opt for the doorstep document pick-up service for enhanced convenience. Eligibility criteria for availing a home loan from Bajaj Housing Finance Bajaj Housing Finance considers both salaried and self-employed applicants. To avail of a housing loan, the applicant must: • Be an Indian citizen • Be aged 23 to 67 years at maturity (salaried), or 23 to 70 years at maturity (self-employed) • Have a good CIBIL score (preferably 750 or higher) • Applicants are also required to submit the following documents at the time of application: • KYC documents (such as ID and address proof) • Income proof (such as salary slips or P&L statements) • For self-employed applicants, proof of business • Bank statements for the previous six months • Property documents How to apply for a home loan from Bajaj Housing Finance To avail of the Independence Day home loan offers, applicants can follow these steps and apply for the housing loan: Step 1: Access the application form (https://www.bajajhousingfinance.in/home-loan-application-form). Step 2: Provide the required details (personal and employment information). Step 3: Choose the type of loan you wish to apply for and provide your net monthly income. Step 4: Enter the PIN code and provide the loan amount you wish to avail. Step 5: Click ‘Generate OTP’, enter the one-time password, and select ‘Proceed’. Step 6: Enter your financial details and complete the form. Step 7: Click ‘Submit’. Once your form is submitted, the concerned team will review the application and verify the documents. After the application is approved, the loan amount will be disbursed within 48 hours*. Your trusted lending partner The Independence Day home loan offer from Bajaj Housing Finance gives new borrowers the opportunity to realise their dream of owning a property. Bajaj Housing Finance home loans come with competitive terms, including attractive home loan interest rates starting from just 7.35%* p.a. and long tenures of up to 32 years. As one of the leading lending institutions in the country, Bajaj Housing Finance offers several benefits while making the application process convenient and hassle-free. Applicants are assured of complete transparency, zero hidden charges, and minimal processing fees. *Terms and conditions apply Bajaj Finance Limited Bajaj Finance Ltd. (‘BFL’, ‘Bajaj Finance’, or ‘the Company’), a subsidiary of Bajaj Finserv Ltd., is a deposit taking Non-Banking Financial Company (NBFC-D) registered with the Reserve Bank of India (RBI) and is classified as an NBFC-Investment and Credit Company (NBFC-ICC). BFL is engaged in the business of lending and acceptance of deposits. It has a diversified lending portfolio across retail, SMEs, and commercial customers with significant presence in both urban and rural India. It accepts public and corporate deposits and offers a variety of financial services products to its customers. BFL, a thirty-five-year-old enterprise, has now become a leading player in the NBFC sector in India and on a consolidated basis, it has a franchise of 69.14 million customers. BFL has the highest domestic credit rating of AAA/Stable for long-term borrowing, A1+ for short-term borrowing, and CRISIL AAA/Stable & [ICRA]AAA(Stable) for its FD program. It has a long-term issuer credit rating of BB+/Positive and a short-term rating of B by S&P Global ratings. To know more, visit www.bajajfinserv.in (Disclaimer: The above press release comes to you under an arrangement with PNN and PTI takes no editorial responsibility for the same.). PTI

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