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    Over 36,000 firms shut operations in Maharashtra in 5 yrs; Oppn claims graft, govt interference
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August 12, 2026
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Corporate closure data highlights worker-claim treatment through insolvency adjudication and liquidation priority, while affected-worker information remains unmaintained.
Corporate closure data recorded 36,211 private companies in Maharashtra as liquidated, dissolved or struck off during the preceding five financial years. Central information is not maintained on workers affected by closures or special rehabilitation packages. In corporate insolvency resolution, employee and worker claims are adjudicated under orders of the adjudicating authority. In winding-up or liquidation, the liquidator deals with pending wages and other admissible statutory dues, subject to available funds and the statutory order of priority.
August 12, 2026
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Compressed biogas development converts organic waste into cleaner fuel, rural income and reduced dependence on imported fossil fuels.
CBG development is presented as a route for converting agricultural and organic waste into biomethane, bio-fertiliser and briquettes while reducing fossil-fuel imports, crop-residue burning and waste-management burdens. NexGen Energia's asset-light land-partner model uses landowner-provided sites while the company designs, installs and operates plants, including gas upgrading and offtake logistics. Anaerobic digestion and alternative gas-purification technologies support use of agricultural residue, food waste, manure and distillery effluent. Expansion is linked to the GOBARdhan National Circular Bioenergy Scheme, despite capital, feedstock-aggregation and commissioning constraints.
August 12, 2026
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Bilateral trade cooperation advances through investment focal points, services and health working groups, and planned preferential trade agreement negotiations.
India-Namibia economic cooperation is being progressed through agreed follow-up mechanisms focused on value addition, investment facilitation and sectoral collaboration. Investment focal points have been designated, and a Services Working Group is to prepare a work plan for the Joint Trade Committee. Priority areas include health and pharmaceuticals, critical-mineral processing, gems and jewellery, digital payments, FinTech, railways, renewable energy and green hydrogen. Terms of Reference for the India-SACU preferential trade agreement were finalised, with negotiations to begin after signature and conclude within one year.
August 12, 2026
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AI governance in banking requires explainability, board accountability, rigorous testing, vendor controls and meaningful human oversight for customer-facing decisions.
AI adoption in banking should be governed through a principles-based and proportionate framework that aligns innovation with financial stability, customer protection and accountability. Banks should maintain inventories of AI systems, adopt board-approved governance policies, ensure explainability for material lending and fraud decisions, conduct periodic red-teaming and stress testing, and preserve meaningful human oversight. Key risks include opacity, bias, vendor concentration, third-party dependence, data misuse, cyber vulnerability and loss of institutional accountability. Vendor arrangements require audit and explanation rights and credible exit plans.
August 11, 2026
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Land acquisition funding and regulatory approvals advance satellite-city development, tax relief, identity enrolment, employment verification, and jail reform.
Assam Cabinet approvals include first-phase funding for land acquisition and development of the Aerotropolis Satellite City Project and a lease deed for a hotel supporting the Jagiroad semiconductor ecosystem. Measures also provide Aadhaar enrolment relaxation for Moran and Matak communities, zero agricultural tax up to the prescribed net-income threshold, OBC Non-Creamy Layer certificates, and trainee and graduate-assistance funding. Government jobs will be provisionally held pending police verification, with automatic confirmation where no report is submitted within six months. Jail rules will be amended to promote non-discrimination, sanitation, security and fair work allocation.
August 11, 2026
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Money-laundering investigation into alleged liquor-sale proceeds led to arrest and custodial questioning amid contested political allegations.
Money-laundering investigation concerning an alleged liquor scam led to the Enforcement Directorate's arrest of Ramgopal Agrawal and seven days' custodial remand under the Prevention of Money Laundering Act. The agency alleged his connection with proceeds of crime, non-attendance despite multiple summonses, and evasiveness during questioning. Allegations concern purported control of the state excise department, illegal liquor sales, and sharing of commissions. The Congress has denied the allegations and described the investigation as politically motivated.
August 11, 2026
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GST inquiry closure bribery allegations prompted anti-corruption proceedings against a Sales Tax officer under corruption law.
Alleged bribery in GST inquiry closure led to the arrest of a Sales Tax Assistant Commissioner after a scrap trader complained of a demand for illegal gratification to close an inquiry initiated through a GST show-cause notice. Anti-corruption officials reportedly verified the allegation through intermediaries, during which the officer allegedly agreed to accept payment for closing the matter. A criminal case was registered under the Prevention of Corruption Act, with further investigation ongoing.
August 11, 2026
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Direct tax collection growth reflected stronger non-corporate taxes and securities transaction tax receipts alongside slower refund issuances.
Net direct tax collections increased by 23 per cent to over Rs 8.11 lakh crore through August 10, driven by higher non-corporate tax collections and slower refund growth. Gross direct tax collections grew by 19.75 per cent to about Rs 9.55 lakh crore. Net corporate tax collections rose about 20 per cent, net non-corporate tax collections rose 23 per cent, and Securities Transaction Tax collections increased 51 per cent. Refund issuances grew by 3.8 per cent year-on-year.
August 11, 2026
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Vicarious liability in cheque dishonour cases cannot attach to trust associates without statutory status or transaction-specific involvement.
Vicarious criminal liability for cheque dishonour under section 141 of the Negotiable Instruments Act does not extend to a trust, because a trust is not a juristic person. A person cannot be summoned merely for alleged active involvement in a trust where the person was neither drawer nor signatory of the cheques, trustee, office-bearer, authorised account operator, guarantor, or executor of transaction documents.
August 11, 2026
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Cross-border payment integration through CBDCs and fast payment systems remains under BRICS discussion to reduce transfer costs.
Cross-border payment integration is under discussion through potential linkages between central bank digital currencies and fast payment systems, including UPI-type platforms. These approaches seek faster and less costly trade and remittance transfers, particularly retail payments, but remain at a discussion stage. Rupee internationalisation is also being pursued through central-bank memorandums of understanding for bilateral trade settlement in local currencies, with existing arrangements covering Indonesia, Maldives, Mauritius and the UAE.
August 11, 2026
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Integrated infrastructure planning under PM GatiShakti coordinates project evaluation, multimodal connectivity, geospatial data use, and decentralized implementation.
PM GatiShakti National Master Plan provides an integrated, data-driven infrastructure planning framework using geospatial data, satellite imagery and API integration. Project approval, implementation and funding remain with the respective Central Ministries, Departments and States or Union Territories under their own plans and budgetary provisions; the framework sets no separate budgetary allocation or quantified targets. The Network Planning Group evaluates critical Central Government projects at the planning stage for multimodality, synchronisation, last-mile connectivity, comprehensive local development and coordinated decision-making.
August 11, 2026
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MSME procurement through GeM has expanded alongside analytics-driven controls against suspicious bidding, collusion, and vendor misconduct.
GeM uses AI/ML analytics to detect order splitting, suspicious bidding, abnormal pricing, repeated participation and potential buyer-seller collusion. Flagged cases are placed before buyer organisations for review and action, while suspected cartels are assessed through digital-footprint, pricing and bid-timing indicators. Its Incident Management framework addresses false documents, fraud, collusive behaviour and other misconduct through administrative measures, including suspension. Anti-competitive conduct and cartel formation are Severe/Grave deviations, with proven cases attracting suspension for up to 365 days.
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
Show AI Summary
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
Show AI Summary
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.

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From Vision to Victory: Celebrating India's Most Impactful Achievers Unveiled by Kiteskraft Productions LLP

August 19, 2025

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CHANDIGARH, India, Aug. 18, 2025 /PRNewswire/ -- India's growth story is being shaped by visionary leaders whose strategic foresight and transformative leadership are redefining the nation's future. From Vision to Victory: Celebrating India's Most Impactful Achievers, an initiative by Kiteskraft Productions LLP, pays tribute to these trailblazers, innovators, and changemakers who are revolutionizing industries and driving profound societal change. Through bold ideas, unwavering commitment, and impactful contributions, they are not only empowering communities but also laying the groundwork for a more inclusive, dynamic, and progressive India. Dr. Akhilesh Patel: Dr. Akhilesh Patel, MBBS, MS (Surgery), FIAGES, EFIAGES, is a renowned surgeon and Director of National Hospital, Rewa (M.P.). A pioneer in cancer, laparoscopic, and GI surgeries, he has transformed healthcare access in the Vindhya region by introducing advanced procedures like laparoscopic hemicolectomy for colon cancer and complex oncological surgeries. Under his leadership, National Hospital evolved into an 80-bed multispecialty center with modern ICUs, modular OTs, and a dedicated cancer care unit. Honored with accolades like the Asian Excellence Award and Icons of India, Dr. Patel champions affordable cancer care and rural outreach. Through initiatives like Vindhya Cancer Care, awareness camps, and free treatment drives, he continues his mission to deliver 'metro-level healthcare to smaller cities.' Ms. Indu Verma: Indu Verma is a seasoned finance professional with over 20 years of distinguished experience in the hospitality industry. Currently serving as the Area Director of Finance at Grand Hyatt Gurgaon, she played an instrumental role in the hotel's pre-opening phase in 2022, setting up efficient financial systems and robust risk controls. Her career spans leadership roles across top hospitality brands such as Hyatt, Marriott, Hilton, The Leela, Oberoi, and IHG. Indu is known for her strategic thinking, financial acumen, and people-first leadership style, driving profitability, operational efficiency, and long-term growth. Her core strengths include budgeting, forecasting, compliance, taxation, auditing, and process improvement. Recognized as one of the Global 200 Power Leaders in Finance (2023), Indu exemplifies integrity, excellence, and accountability in every aspect of her leadership. Dr. Ramya Devarajan: Dr. Ramya Devarajan has been honored as the 'Indian Iconic Woman of the Year 2025' for her exceptional impact across education, performing arts, science, and social service. A passionate educator and Primary HOD at Hithashaala Public School, Bangalore, she empowers learners through inclusive and joyful classrooms. A cancer survivor turned motivational speaker, her journey is one of remarkable resilience. With a strong scientific background in pharmaceutical research and national-level presentations, she integrates inquiry-driven pedagogy into education. As a trained Bharatanatyam and Kathak dancer, and founder of Kalodaya Dance Institute, she uses art for healing and social change. Honored with multiple awards and honorary doctorates, Dr. Ramya continues to inspire through mentorship, writing, and advocacy—living her philosophy: "Let your scars be your syllabus—teach the world with what you've survived." Mr. Mohan & Jaya Georg Antony : Thanith Investments: A Visionary Force Reshaping Tomorrow Founded by Mohan (Annamalai University) and Jaya Georg Antony (Panimalar Engineering College), Thanith Investments is a purpose-driven enterprise redefining industry standards through strategic innovation. With a diversified presence across Real Estate, Education, Construction, IT Solutions, Manpower Consultancy, and Digital Marketing, Thanith fosters sustainable growth and impact. From MG Promoters crafting inspired living spaces, to Rafzon Institute of Education shaping future-ready minds, and RKR Designer & Developers delivering excellence in construction—each venture reflects quality and vision. Indydaze IT Solutions empowers businesses with cutting-edge tech, while Rafzon Business Solutions bridges talent and opportunity. Their digital marketing arm elevates brands through compelling storytelling. What sets Thanith apart? Strong leadership, innovation at its core, and a growth philosophy that empowers every client, partner, and investor to thrive. Dr. Mithun Deshpande: Dr. Mithun Deshpande, Jt. Secretary and Administrator of C.T.E. Society's International Public School, Chikkodi, Karnataka, is a trailblazer in transforming rural education in India. With a Doctorate in Literature from South American University, USA, he has led over 1000 impactful sessions aimed at uplifting rural students academically and personally. A recipient of prestigious honors like the Indian Icon Award 2021, the Iconic Leader Award 2024, and recognition from MFA, Government of India, in 2018, Dr. Deshpande is celebrated for his innovative, inclusive, and strategic approach to education. He is also actively involved in Indo–Sri Lanka educational collaborations. With a deep sense of purpose and unwavering commitment, he continues to redefine learning and leadership at the grassroots level. Dr. Nitai Pradhan : Dr. Nitai Pradhan, born on March 30, 1967, in Nagaon, Assam, has dedicated more than 20 years to education and social welfare. As Principal of Good Shepherd's Home English Medium High School since 1989 and Secretary of Nilanchal Unnayan Sanskritika Parishad, he has empowered countless lives through quality education and community initiatives. Under his leadership, the school has consistently achieved 100% pass results. Dr. Pradhan has pioneered projects in women and child welfare, sanitation, skill training, and free computer education. He founded a Short Stay Home for women in Tezpur and collaborated with government agencies for development programs. Honored with multiple awards, including an Honorary D.Litt. in 2025, he remains a beacon of hope and transformation across Assam. Jyotishacharya Ajay Kumar Agarwal : Jyotishacharya Ajay Kumar Agarwal, a Jaipur-based astrologer and Vastu expert, has over 20 years of experience in Vedic astrology. He has analyzed more than 200,000 horoscopes and is highly respected in medical astrology for accurately identifying health issues early, often saving lives. Known for his compassionate nature, he provides personalized remedies like mantras and lifestyle changes that have brought hope to many individuals and families. His guidance has even prevented suicides. He was honored as the 'Most Trusted and Accurate Astrologer of the Year' and featured in the Green Field London Book of World Records. Deeply committed to social service, he believes, 'Service is the highest form of spirituality.' Contact: [email protected] | Instagram: @bhavishyaphalastro8 Sohong Dhar: Bridging Data, AI & Innovation, Sohong Dhar is a distinguished Information Scientist known for his deep expertise in AI, data science, and digital library automation. He holds advanced degrees from prestigious institutions—Jadavpur University, IIT Madras, and Duke University's Pratt School of Engineering. With a keen interest in emerging technologies, he holds patents in swarm robotics and cybersecurity. Currently contributing at Google Brain, Sohong focuses on building resilient, data-driven systems that power real-world solutions. His work has significant impact across sectors such as healthcare, education, and advanced technology. Passionate about transforming analytical insights into innovation, Sohong embodies a rare blend of technical excellence and visionary thinking, making him a leading force in today's data-driven world. Dr. Santosh Rai: Dr. Santosh Rai is a renowned academician, educationist, and motivational speaker whose journey exemplifies a deep commitment to learning and transformation. With a PhD, Doctor of Business Administration, several Master's degrees, and over 20 diplomas, he holds a rare academic portfolio. His efforts have earned him over 40 national and international honors, including the 'Glory of India Award' (London) and 'Global Education Leadership Award' (Nepal), along with world records for the 'Most Degrees Earned in 10 Years' and 'Largest Business Card.' As Director of Professional Career & Computers, Bhilai, he has driven excellence in commerce education. Beyond academics, he empowers youth through seminars and leadership roles in Rotary and Lions Clubs, inspiring thousands across India and abroad through his dedication to education and community upliftment. About Kiteskraft Productions LLP: Kiteskraft Productions LLP, established in 2019, is a premier organizer of National and International Conferences and Award ceremonies across sectors like Education, Business, Healthcare, NGOs, and Entertainment. With a mission to recognize excellence, Kiteskraft honors individuals who drive innovation and outcome-based learning. Certified by ISO and MSME, and registered under MCA, it upholds high standards of quality. Recognized by the Scholar's Book of World Records, Kiteskraft fosters industry collaboration through impactful events. With a dedicated team and a vision for excellence, Kiteskraft Productions LLP continues to inspire, empower, and shape a brighter future. Visit www.kiteskraft.com for more. Photo: https://mma.prnewswire.com/media/2752342/KITESKRAFT_Achievers.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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