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    Union Minister of Commerce and Industry Shri Piyush Goyal Calls for Fair Trading Practices and Taking ‘Make in India’ from Local to Global
    Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman delivers keynote address at Seminar on “Role of the New Development Bank in M...
    Delhi HC halts processing of IT-returns of Supreme Court, high court judges
    Over 36,000 firms shut operations in Maharashtra in 5 yrs; Oppn claims graft, govt interference
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    National Accreditation Board for Testing and Calibration Laboratories Launches India’s First Accreditation Scheme for Mobile Food Testing Laboratori...
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    August 12, 2026
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    Fair trading practices and circular production are promoted to strengthen Make in India and expand global market participation.
    Trade and industrial policy messaging encourages businesses to digitise operations, adopt good manufacturing practices, follow fair trading practices, and promote recycling, reuse and a circular economy. Nine free trade agreements are identified as creating preferential market-access opportunities for Indian industry and businesses. MSMEs, entrepreneurs, farmers, fishermen, workers and the services sector are encouraged to expand Indian products and services globally, improve competitiveness through scale, and strengthen the quality, design and brand value associated with Make in India.
    August 12, 2026
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    Private capital mobilisation requires credible long-term frameworks, risk-sharing mechanisms, and multilateral partnerships to strengthen infrastructure investment.
    Private capital mobilisation in infrastructure and development finance depends on credible long-term frameworks, investor confidence, project bankability, and balanced risk allocation. Public capital is intended to catalyse rather than replace private investment. Key financing mechanisms include Viability Gap Funding, the Hybrid Annuity Model, credit enhancement, and Infrastructure Investment Trusts. Long-term investment visibility and coordinated connectivity are supported through the National Infrastructure Pipeline and PM Gati Shakti framework, alongside investment measures for freight, rail, waterways, and coastal cargo.
    August 12, 2026
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    Judicial allowance exemptions under the new tax regime remain disputed, with return processing and resulting demands kept in abeyance.
    Tax treatment of specified judicial allowances under the new income-tax regime is disputed. Statutory service-condition provisions are asserted to exclude allowances, including official residence, conveyance, sumptuary allowance and leave travel concession, from income computation and to override the Income-tax Act. Pending consideration, affected judges may show these amounts as receipts not in the nature of income, and their returns are not to be processed further. Any resulting demand remains in abeyance, while refundable amounts are withheld subject to the pending proceedings.
    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
    Show AI Summary
    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
    Show AI Summary
    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
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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.

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      Stormy Monsoon session of Parliament ends amid Oppn's SIR protests; PM Modi takes a swipe at Cong leadership's 'insecurity'

      August 21, 2025

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      New Delhi, Aug 21 (PTI) The month-long Monsoon session of Parliament ended on Thursday after it witnessed almost daily disruptions and noisy protests by the Opposition in both Houses over the ongoing Special Intensive Revision (SIR) of electoral rolls in poll-bound Bihar.

      As the government termed the session as "fruitful and successful" since all its planned legislative business were transacted before the Lok Sabha and the Rajya Sabha were adjourned sine die, Prime Minister Narendra Modi expressed disappointment at the absence of normal proceedings and said bright and young MPs of the Congress do not get to participate in discussions due to the "insecurity" of its leadership.

      Sources said Modi made these remarks at the customary informal meeting of leaders from different parties in Lok Sabha Speaker Om Birla's office after the House adjournment. Opposition leaders kept away from the get-together.

      The sources said Modi did not name Rahul Gandhi while targeting the Congress leadership but his remarks were apparently aimed at the Leader of Opposition in the Lok Sabha, who is leading his party's agitation against the Election Commission's drive to revise electoral rolls in Bihar.

      As the frequent disruptions overshadowed legislative business, the Lok Sabha secretariat said the House lost over 84 hours to forced adjournments, the highest in the 18th Lok Sabha constituted in June last year after the general elections.

      Despite repeated disruptions, adjournments and walkouts, the government managed to introduce 14 Bills and secure passage of 12 key legislations, including the Promotion and Regulation of Online Gaming Bill, 2025, the Mines and Minerals (Development and Regulation) Amendment Bill, 2025, and the National Sports Governance Bill, 2025. The new Income Tax Bill was also cleared by the Lok Sabha and returned by the Rajya Sabha.

      In his concluding remarks, Speaker Birla lamented the "unparliamentary behaviour" of the members, calling the "planned disruptions" unfortunate and against the dignity of the House.

      The session that started on July 21 had 21 sittings with 37 hours and 7 minutes of effective business, according to the Lok Sabha secretariat.

      Birla said that all parties had decided at the beginning of the session that discussions would be held for 120 hours in this session.

      "The Business Advisory Committee also agreed to this. But due to continuous deadlock and planned disruptions, we could barely work for 37 hours in this session," he underlined.

      In the Rajya Sabha, Deputy Chairman Harivansh lamented that the entire session was marred by repeated disruptions and members could not get an opportunity to raise meaningful issues despite the best efforts of the chair.

      "This not only results in the loss of precious Parliamentary time but deprives us of the opportunity to deliberate on several matters of public importance." He said the House functioned for only 41 hours and 15 minutes.

      "The productivity of this Session stood at a disappointing 38.88 per cent, something that calls for serious introspection." Hardly a day passed when the Question Hour was not disrupted by the opposition members, who raised slogans, thumped tables and displayed placards.

      The three bills providing a legal framework for the removal of prime minister, chief ministers, and ministers on arrest for 30 consecutive days on serious charges were introduced by Home Minister Amit Shah, triggering acrimonious scenes both in the Lok Sabha and the Rajya Saba.

      In the Lower House , tempers flared, copies of the Bills were torn and flung, and members of the ruling and opposition alliances came face-to-face when Shah moved to introduce the bills. The bills were referred to a joint committee of Parliament.

      On Thursday, the Rajya Sabha adopted a motion to nominate 10 members to the Joint Committee of both Houses which will scrutinise the three bills.

      The Upper House adopted a motion to concur with the recommendation of the Lok Sabha in joining the 31-member Joint Committee to look into these bills. A total of 21 members will be from the Lok Sabha.

      The motion to send members to the Joint Committee was adopted with voice vote, amid stiff opposition and protests by the Opposition, which also tore copies of the bills and strongly protested in the Well of the House.

      At the meeting convened by Speaker Birla, Modi singled out the Promotion and Regulation of Online Gaming Bill, which bans all real-money games and was passed by Lok Sabha and Rajya Sabha without discussion due to din, for praise and its wide positive implications due to the adverse impact on society by these online games.

      He said the Monsoon session covered several important bills and regretted that they could not be discussed in Parliament, sources said.

      Asked about the decision of opposition parties to keep away from the meeting, Parliamentary Affairs Minister Kiren Rijiju took a swipe at them saying their leaders might have been too "embarrassed" with their conduct during the session to attend it.

      Rijiju added that Congress functionaries who attend the meeting with the government over the business in Parliament often come to some understanding but cannot implement it. They might be facing pressure, he said, in an apparent swipe at Rahul Gandhi.

      Senior BJP leaders and members of a few other parties, including those from the ruling alliance, attended the meeting.

      Rijiju said it is "rare" for opposition leaders to boycott the meeting hosted by the Speaker over tea after the session concludes.

      He described the Monsoon Session as "fruitful and successful" for the country and the government but "unsuccessful and damaging" for the opposition.

      Rijiju said the government got all its business transacted and the session had a "success rate of 100 per cent", insisting that the treasury benches were forced to pass their bills in din as the opposition refused to pay heed to their request to allow discussion.

      "The government has to discharge its duties to people in the national interest," he said. The opposition cannot prevent the government from working with its protests, he added.

      In a swipe at the opposition parties, especially the Congress, he said their floor leaders and whips at times came to an informal understanding with the government during the session, but could not implement it in the two Houses.

      "They might be under pressure," he said, suggesting that their leadership was determined to obstruct Parliament's proceedings.

      "How will the new MPs of the Congress learn? Their leader does not learn," he said, referring to the need for the members to participate in debates and discussions to grow as a parliamentarian.

      A united opposition protesting the SIR of electoral rolls in Bihar forced repeated adjournments in Parliament throughout the session demanding a discussion on the issue.

      The government ruled it out on the grounds that the administrative work of a constitutional body like the Election Commission cannot be discussed in Parliament.

      The only agenda item that was conducted smoothly was a two-day discussion on Operation Sindoor in both Houses. PTI SKC NAB KR SKC UZM PRS GSN GSN GSN

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