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    July 31, 2026
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    Money-laundering proceedings face challenge over absent predicate offence, alleged lack of criminal intent, and treatment of related FIRs.
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    July 31, 2026
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    Rupee appreciation reflected foreign capital inflows and central bank support, tempered by crude prices and geopolitical tensions.
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    July 31, 2026
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    India-UK trade agreement enables duty-free access and bilateral cooperation on investment, technology, and strategic partnership.
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    Excise duty increases on cigarettes pressured profitability, while calibrated pricing and FMCG growth supported market resilience.
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    One-Time Settlement Scheme offers final pre-GST tax dispute resolution relief before stricter recovery action against defaulters begins.
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    Bilateral trade agreement implementation supports expanded trade, investment and strategic cooperation through technology, security, clean energy and community links.
    The India-UK Comprehensive Economic and Trade Agreement was identified as a framework for expanding bilateral trade and investment opportunities following its operationalisation. The two governments proposed closer cooperation to use the agreement for shared prosperity, while advancing their comprehensive strategic partnership through technology, innovation, defence, security, clean energy, education and people-to-people links.
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    Sectoral bank credit growth reflects broad-based expansion across industry, services, agriculture and personal loans, with slower credit-card growth.
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    Biometric identification of protesters through alleged fingerprint-Aadhaar linkage was described alongside criminal-background profiling and database creation.
    Biometric identification of protesters through fingerprints recovered from alleged stone-pelting evidence was publicly described as a proposed investigative method. A minister stated that fingerprints allegedly found on stones would be linked with Aadhaar numbers to identify participants and examine their prior records. The account also referred to analysis and categorisation of detained protesters' criminal backgrounds, creation of a separate database, and proposed action against participants described as anti-social elements or persons with criminal records.
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    Offshore hydrocarbon exploration support funds high-risk deepwater drilling, shared infrastructure and data acquisition to strengthen domestic energy production.
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    India's foreign exchange reserves increased during the reporting week, principally because foreign currency assets and gold reserves rose. Foreign currency assets, expressed in United States dollar terms, include valuation effects from movements in currencies such as the euro, pound and yen. Special Drawing Rights and the reserve position with the International Monetary Fund declined. Measures including the FCNR(B) measure were reported as efforts to attract foreign-exchange inflows following rupee pressure and dollar-sales intervention.
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    Digital marketplace access for women's self-help group products expands e-commerce opportunities while panchayat-level citizen services are strengthened.
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    Agricultural export facilitation expands market access for late-season mangoes through farmer aggregation and direct global market linkages.
    Agricultural export facilitation enabled an air shipment of late-season Neelam and Totapuri mangoes to an international market, expanding market access and extending the mango export season. Direct sourcing through a Farmer Producer Company supported organised aggregation, quality produce, and export-oriented supply chains. Direct procurement and export market linkages enabled participating farmers to realise higher returns than conventional market channels while promoting horticultural export diversification.
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    Cross-border digital payment integration enables real-time Favara transfers from Maldives mobile banking applications to UPI-enabled accounts in India.
    Cross-border digital payment integration between Favara and UPI enables individuals in the Maldives to make real-time person-to-person transfers to UPI-enabled bank accounts in India through mobile banking applications. Transfers are initiated in Maldivian Rufiyaa and credited in Indian Rupees. The initial service is available through participating Maldivian banks. Permitted remittances include family-maintenance transfers under foreign inward and outward remittance categories, and gift-related transfers under foreign outward remittance. Future phases are intended to introduce QR-based merchant payments and other digital payment services.
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    Value-added Makhana exports expand international market access, support quality compliance, and improve farmer returns through processing and branding.
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    Money laundering asset attachment targets overseas bank deposits linked to alleged loan fraud and fugitive economic offenders.
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      Allegations of multiple murders in Dharmasthala 'baseless', says Dharmadhikari Veerendra Heggade

      August 19, 2025

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      Bengaluru, Aug 19 (PTI) Veerendra Heggade, Dharmadhikari of Dharmasthala Manjunatha Swamy Temple, has dismissed allegations regarding the Soujanya case and claims of multiple murders, rapes and burials across Dharmasthala over a period of two decades as "baseless and false" and welcomed the SIT probe to bring the truth to light.

      To probe these allegations, Karnataka government has constituted a Special Investigation Team (SIT), which eventually carried out excavations at several locations to see if human remains exist there.

      Soujanya (17), a second-year Pre-University student of the Sri Dharmasthala Manjunatheshwara College who was allegedly raped and murder on October 9, 2012. Protests are being organised now seeking justice for the girl.

      In an exclusive interview to PTI, Heggade said, "These issues are baseless and false, and I was really hurt by these accusations. The way things are projected in social media is morally wrong." Reacting to Home Minister G Parameshwara's statement in the Assembly that the SIT would get to the bottom of the issue, Heggade said, "We welcomed the SIT the same day. It's good that the state has formed it and once and for all the truth should come out. It's not good that allegations are made and they remain that way." He appealed for speedy investigation.

      "We want the investigations to conclude at the earliest and the issue be resolved. All our books and we in particular are open. The SIT has to thoroughly investigate and the guilty be punished," Heggade said.

      He alleged that an "organised campaign" targeting Dharmasthala and its trust has been carried out for over 14 years.

      "Irked by the good work being done by us, some elements carry out false campaigns but we are unperturbed," he said.

      Referring to recent videos of a masked man claiming to have buried bodies in Dharmasthala, he said, "This is impossible. There is a popular belief that if one dies in Dharmasthala, they will get salvation. Whenever there is a death, we used to inform the panchayat and they do due diligence and bury the body." The Dharmadhikari expressed concern that social media had polluted young minds. "They want the youth to turn away from the faith," Heggade rued.

      "We are shocked and surprised the way things were depicted. Social media is a very powerful medium and many of our well-wishers say that we have not used social media to publicise our good work. The work carried out in society is our duty, it's a commitment and service. We have reached all the villages and touched 55 lakh families through various social works." Responding to renewed calls for justice in the Soujanya murder case, Heggade said, "When we came to know that such a thing has happened we informed the government the same day. Allegations on our families are baseless. Our family members who they alleged were abroad for education and we have produced documents. These are vicious campaigns." He pointed out that even CBI investigations had been conducted earlier. "Yes. We have ecooperated and we welcomed all kinds of investigation," Heggade said.

      Rejecting allegations of property misuse, Heggade said there is no such thing as our property. The family owns very little property and all the properties are owned by the trust with documents.

      There is documentary evidence of the acquisitions of properties, he added.

      According to the Dharmadhikari (the custodian of the temple) the trust is managed by family members in a transparent manner.

      "We are four brothers and one brother takes care of education in Bangalore, the other brother takes care of the temple here along with social work and I have a sister whose husband is a vice chancellor of the SDM University in Dharwad. All educational institutions are in the name of trust," he stated.

      Responding to questions about a Jain family managing a Hindu temple, Heggade said, "I don't think there is truth in this allegation. There are many temples which are run by Jains as all the rituals are followed." He also dismissed suggestions that the controversy had taken a political turn.

      "No I don't think so. Congress leaders have also come here and so do the JDS leaders. Some people want to defame the temple and all parties have come in support of the temple," Heggade said.

      He welcomed Deputy Chief Minister D K Shivakumar's statement about a conspiracy to defame Dharmasthala.

      Regarding Chief Minister Siddaramaiah's assertion that anything wrong would be investigated and guilty is punished, Heggade said it was a natural statement and it is a good thing that he has said.

      If temple authorities or anyone else have done wrong, they will be punished. It is an unbiased statement, he underlined.

      Reiterating that faith in Dharmasthala remains unaffected, Heggade said, "We carry out the puja, rituals as usual and there is no change in the crowd or customs," he added.

      Heggade expressed satisfaction with the pace of inquiry. "The Home minister has made a statement. I believe an interim report is given and soon the final report will be out," he opined.

      "The smear campaign will end as allegations are turning out to be false, and people have come forward now in large numbers in support of the temple," he said.

      "We know from our sources as to who are behind these conspiracies but we don't have proof, as such we can't make any comments, it's for the SIT to prove as they are investigating," he asserted. PTI GMS ADB

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