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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.
August 10, 2026
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Pesticide residue concerns drive organic farming, school agriculture initiatives, infrastructure financing and climate-resilience support for farmers.
Food-safety concerns arising from pesticide residues and toxic substances are to be addressed through organic vegetable farming, household cultivation and the Kathir school-farming initiative. Kathir provides for institutional farming, teacher and committee support, markets, student training and clubs, with possible academic weightage for agricultural participation. Agricultural infrastructure financing supports post-harvest management, value addition, processing, packing, marketing and exports. Additional measures include banking support, agricultural technology adoption, women-farmer support and schemes addressing climate-related floods and drought.
August 10, 2026
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Digital EODC processing removes physical duty challans through authenticated payment verification for export authorisation closure.
Export Obligation Discharge Certificate processing under the Advance Authorisation and Export Promotion Capital Goods schemes no longer requires physical duty-payment challans for voluntary customs-duty payments made on or after 1 August 2026. Authenticated licence-wise payment information is electronically transmitted from Customs/ICEGATE to DGFT systems and mapped to the relevant authorisation. Exporters can verify payment details on the customer portal, while Regional Authorities use corresponding back-office records, replacing manual submission and verification for authorisation closure.
August 10, 2026
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Trusted service-call numbering requires verified utilities and logistics entities to use dedicated numbers exclusively for transactional and service communications.
The 1601-series is introduced for verified utilities, courier and logistics entities making service and transactional voice calls. Numbers must be allocated directly to eligible entities, not intermediaries or aggregators, following verification by telecom service providers and an undertaking of exclusive use. Promotional voice calls are prohibited on this series and remain associated with the 140-series. The framework separates these calls from the 1600-series reserved for regulated financial-sector and government-to-citizen communications, supporting consumer recognition of legitimate calls and reducing impersonation risks.
August 10, 2026
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GST revenue collection drives tax growth while data scrutiny, taxpayer verification, and compliance capacity remain key administrative priorities.
GST constituted the principal component of tax revenue for the 2025-26 fiscal year. Tax administration faces staff shortages, information-technology upgrade needs, and increased workloads from taxpayer registrations and return filings. Compliance oversight requires GST data scrutiny, risk assessment, identification of unregistered taxpayers, tax-evasion detection, and field verification of high-risk taxpayers. Long-term revenue planning sets progressively higher collection targets through 2063.
August 10, 2026
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Russian crude imports reshape India's refining trade as processed petroleum products reach sanctioning jurisdictions despite import restrictions.
Indian imports of Russian crude oil reached a second consecutive monthly record in July 2026, with Russian crude forming the dominant share of India's Russian fossil-fuel purchases and more than half of total crude imports. Higher receipts through smaller terminals offset reduced volumes at Paradip. Indian refineries processing Russian crude also exported refined petroleum products to sanctioning jurisdictions, including the European Union, Australia and the United States, despite the European Union prohibition on imports of oil products made from Russian crude.
August 10, 2026
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Cyber-fraud through stolen phones allegedly used mule accounts, banking credentials and coordinated technical operations to divert victims' funds.
Investigation into unauthorised withdrawals after theft of a mobile phone uncovered an alleged interstate cyber-fraud network using stolen devices, linked banking credentials and mule bank accounts. The scheme allegedly involved phone theft, supply of accounts and banking instruments, and a technical operation that accessed victims' accounts and routed funds for withdrawal or transfer. Digital surveillance, transaction mapping, seized devices, victim data and transaction records are being examined to identify linked complaints and the extent of funds allegedly diverted.
August 10, 2026
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Rupee depreciation reflected stronger dollar, elevated crude prices and geopolitical uncertainty, while portfolio inflows and equity gains provided support.
The rupee depreciated against the US dollar amid a stronger dollar, higher global crude oil prices and uncertainty surrounding West Asia-related negotiations. Concerns over crude oil's potential impact on the trade deficit weighed on the currency, while positive domestic equity markets and foreign portfolio investment inflows provided support. Market caution remained focused on forthcoming US inflation data, dollar-index movements and Brent crude prices. Foreign-exchange reserves increased during the reported period.
August 10, 2026
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Collateral-free personal loans offer extended repayment flexibility, conditional reward benefits, and online application subject to eligibility and disbursal requirements.
Loan Utsav 2026 provides eligible Bajaj Finance Personal Loan applicants an exclusive reward bundle where the loan is successfully disbursed during the campaign period. The collateral-free facility supports personal expenses, offers repayment tenures from 12 to 108 months, and may enable lower monthly EMI obligations through a longer selected tenure. Interest rates depend on eligibility, credit assessment, financial profile and lending criteria. Online applications require personal and financial details and required documents, with disbursal for eligible applicants possible after verification and approval.
August 10, 2026
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Credit card payment flexibility supports seasonal shopping and travel through eligible EMIs, rewards, tracking tools and conditional merchant benefits.
Credit-card spending features include conversion of eligible purchases into EMIs, selected no-cost EMI options, reward points, cashback, merchant discounts and payment flexibility. Travel-related benefits may include domestic airport lounge access, travel-booking discounts, fuel-surcharge waiver and anniversary-linked rewards. The AU 0101 application enables transaction tracking, balance and interest-rate monitoring, EMI conversion and bill-payment management. Features and offers are subject to change, customer eligibility, internal policies and partner-merchant terms.

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European leaders to join Ukraine's Zelenskyy for meeting with Trump

August 18, 2025

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Kyiv, Ukraine, Aug 17 (AP) European and NATO leaders announced Sunday they will join President Volodymyr Zelenskyy in Washington to present a united front in talks with President Donald Trump on ending Russia's war in Ukraine and firming up U.S. security guarantees now on the negotiating table.

Leaders from Britain, France, Germany, Italy and Finland are rallying around the Ukrainian president after his exclusion from Trump's summit on Friday with Russian President Vladimir Putin. Their pledge to be at Zelenskyy's side at the White House on Monday is an apparent effort to ensure the meeting goes better than the last one in February, when Trump berated Zelenskyy in a heated Oval Office encounter.

“The Europeans are very afraid of the Oval Office scene being repeated and so they want to support Mr. Zelenskyy to the hilt,” said retired French Gen. Dominique Trinquand, a former head of France's military mission at the United Nations.

“It's a power struggle and a position of strength that might work with Trump,” he said.

Putin agreed at his summit in Alaska with Trump that the U.S. and its European allies could offer Ukraine a security guarantee resembling NATO's collective defense mandate as part of an eventual deal to end the 3 1/2-year war, special U.S. envoy Steve Witkoff said in an interview Sunday on CNN's “State of the Union.” It “was the first time we had ever heard the Russians agree to that,” said Witkoff, who called it “game-changing.” Later, French President Emmanuel Macron said the European delegation will ask Trump to back plans they drafted to beef-up Ukraine's armed forces — already Europe's largest outside of Russia — with more training and equipment to secure any peace.

“We need a credible format for the Ukrainian army, that's the first point, and say — we Europeans and Americans — how we'll train them, equip them, and finance this effort in the long-term,” the French leader said.

The European-drafted plans also envision an allied force in Ukraine away from the front lines to reassure Kyiv that peace will hold and to dissuade another Russian invasion, Macron said. He spoke after a nearly two-hour video call Sunday with nations in Europe and further afield — including Canada, Australia and Japan — that are involved in the so-called “coalition of the willing.” The “several thousand men on the ground in Ukraine in the zone of peace” would signal that “our fates are linked,” Macron said.

“This is what we must discuss with the Americans: Who is ready to do what?” Macron said. “Otherwise, I think the Ukrainians simply cannot accept commitments that are theoretical.” European Commission President Ursula von der Leyen said earlier at a news conference in Brussels with Zelenskyy that “we welcome President Trump's willingness to contribute to Article 5-like security guarantees for Ukraine. And the coalition of the willing' -- including the European Union -- is ready to do its share.” Macron said the substance of security guarantees will be more important than whether they are given an Article 5-type label.

“A theoretical article isn't enough, the question is one of substance,” he said. “We must start out by saying that the first of the security guarantees for Ukraine is a strong Ukrainian army.” Along with Von der Leyen and Macron, British Prime Minister Keir Starmer, German Chancellor Friedrich Merz, Italian Premier Giorgia Meloni and Finnish President Alexander Stubb also said they'll will take part in Monday's talks, as will secretary-general of the NATO military alliance, Mark Rutte.

The European leaders' support could help ease concerns in Kyiv and in other European capitals that Ukraine risks being railroaded into a peace deal.

Neil Melvin, director of international security at the London-based Royal United Services Institute, said European leaders are trying to “shape this fast-evolving agenda.” After the Alaska summit, the idea of a ceasefire appears all-but-abandoned, with the narrative shifting toward Putin's agenda of ensuring Ukraine does not join NATO or even the EU.

U.S. Secretary of State Marco Rubio said on NBC's “Meet the Press” on Sunday that a possible ceasefire is “not off the table” but that the best way to end the war would be through a “full peace deal.” Putin has implied that he sees Europe as a hindrance to negotiations. He has also resisted meeting Zelenskyy in person, saying that such a meeting can only take place once the groundwork for a peace deal has been laid.

Speaking to the press after his meeting with Trump, the Russian leader raised the idea that Kyiv and other European capitals could “create obstacles” to derail potential progress with “behind-the-scenes intrigue.” For now, Zelenskyy offers the Europeans the “only way” to get into the discussions about the future of Ukraine and European security, says RUSI's Melvin.

However, the sheer number of European leaders potentially in attendance means the group will have to be “mindful” not to give “contradictory” messages, Melvin said.

“The risk is they look heavy-handed and are ganging up on Trump,” he added. “Trump won't want to be put in a corner.” Although details remain hazy on what Article 5-like security guarantees from the U.S. and Europe would entail for Ukraine, it could mirror NATO membership terms, in which an attack on one member of the alliance is seen as an attack on all.

Zelenskyy continues to stress the importance of both U.S. and European involvement in any negotiations.

“A security guarantee is a strong army. Only Ukraine can provide that. Only Europe can finance this army, and weapons for this army can be provided by our domestic production and European production. But there are certain things that are in short supply and are only available in the United States,” he said at the press conference Sunday alongside Von der Leyen.

Zelenskyy also pushed back against Trump's assertion — which aligned with Putin's preference — that the two sides should negotiate a complete end to the war, rather than first securing a ceasefire. Zelenskyy said a ceasefire would provide breathing room to review Putin's demands.

“It's impossible to do this under the pressure of weapons,” he said. “Putin does not want to stop the killing, but he must do it.” — Leicester reported from Le Pecq, France. Associated Press writers Pan Pylas in London, and Katie Marie Davies in Manchester, England, contributed to this report. (AP) HIG HIG

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