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    Net direct tax collection grows 23 pc to Rs 8.11 lakh cr so far this fiscal
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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
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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.
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.
August 11, 2026
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Rupee exchange-rate pressure intensified as crude oil, regional uncertainty and weaker equities constrained the local currency in early trade.
Foreign-exchange market conditions placed the rupee under pressure against the US dollar amid West Asia uncertainty, higher crude oil prices, and weaker domestic equity markets. Foreign institutional investor inflows and Reserve Bank of India intervention supported the rupee and limited further depreciation. Reported dollar sales through state-run banks helped contain downside pressure despite rising Brent crude prices and uncertainty concerning the Strait of Hormuz.
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
Show AI Summary
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
Show AI Summary
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
Show AI Summary
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
Show AI Summary
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.

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Customs & Trade

Trump wraps up UK state visit with gratitude for his hosts while largely sidestepping tough issues

September 19, 2025

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Aylesbury (UK), Sep 18 (AP) President Donald Trump said Thursday that he was “tremendously thankful” for the pageantry and splendour lavished on him during his second state visit to the United Kingdom as he wrapped up a trip that largely sidestepped major public disagreements over difficult trade and geopolitical issues.

The mutual warmth, along with Trump's abundance of kind words bestowed on the host country, suggested that an all-out charm offensive by the royal family and British Prime Minister Keir Starmer had its desired effect, even though there was a notable lack of progress on some key matters.

Trump and Starmer signed what both sides hailed as a historic agreement on science and technology, and they held a roundtable with global business leaders where they suggested the deal could mean significant job gains. Among the topics tackled mostly in private talks between Trump and Starmer were the wars in Ukraine and Gaza and US tariff rates on steel imported from Britain.

"The bond between our countries is like no other anywhere in the world,” Trump said at a news conference at Chequers, a 16th-century manor house northwest of London that serves as a rural retreat for British leaders. The US and UK, the American president said, have “done more good for the planet than any other nation in history”.

Joining in the bonhomie, Starmer said "time and time again, it is British and American men and women, side by side, changing the path of history and turning it towards our values, towards freedom, democracy and the rule of law.” The mutual admiration followed King Charles III and Queen Camilla's feting of Trump and first lady Melania Trump at Windsor Castle on Wednesday with all the pomp the monarchy can muster, including the biggest military honour guard ever assembled for a state visit.

Trump called the king and queen “two fantastic people" and said he was" “tremendously thankful” and “grateful beyond words" for the hospitality.

Even high-profile points of dissent, such as Britain's impending move to recognize a Palestinian state, stayed cordial. “I have a disagreement with the prime minister on that score,” Trump said, adding that "it's one of our few disagreement, actually.” When Trump was asked about his lack of progress in brokering a deal to end Moscow's war in Ukraine and he acknowledged that Russian President Vladimir Putin has ”let me down," Starmer escalated the flattery a notch. The prime minister said he and Trump had discussed how to "decisively increase the pressure on Putin” and that Trump had “led the way here.” There was disagreement, too, over immigration policy.

Trump urged Britain to take a harder line and insisted he had made clear to Starmer that when too many people enter illegally, it “destroys countries from within." Still, when Starmer sharply criticised Hamas, Trump reached over from his podium and slapped the prime minister on the back in support.

At an earlier signing ceremony for the agreement meant to promote tech investment, Starmer referred to the Republican president as “my friend, our friend” and spoke of “leaders who respect each other and leaders who genuinely like each other.” The Trumps' final day in Britain began by bidding farewell to the king and queen at Windsor Castle and flying by helicopter to Chequers for more spectacle: a ceremonial honor guard with bagpipers, in a nod to Trump's Scottish heritage, and a parachute demonstration. He also was shown the archive of wartime leader Winston Churchill, who coined the term “special relationship” for the bond between the allies.

It's something Trump's British hosts have stressed repeatedly, almost 250 years after that relationship endured a rocky start in 1776.

To coincide with the visit, Britain said US companies had pledged 150 billion pounds ($204 billion) in investment in the UK, including 90 billion pounds ($122 billion) from investment firm Blackstone in the next decade. Investment will also flow the other way, including almost $30 billion by pharmaceutical firm GSK in the US.

UK officials say the deal will bring thousands of jobs and billions in investment in artificial intelligence, quantum computing and nuclear energy. It includes a UK arm of Stargate, a Trump-backed AI infrastructure project led by OpenAI, and a host of AI data centres around the UK American companies are announcing 31 billion pounds ($42 billion) in investment in the UK's AI sector, including $30 billion from Microsoft for products including Britain's largest supercomputer.

British officials said they have not agreed to scrap a digital services tax or water down internet regulation to get the deal, some details of which have yet to be announced.

There was less movement on tariffs.

In May, Starmer and Trump said they had agreed to reduce US tariffs on Britain's key auto and aerospace industries. Talks on lowering duties on steel and aluminum to zero from their current level of 25% have stalled even with a promise four months ago of a settlement within weeks.

The British government has grown increasingly critical of Israel's conduct in Gaza and the suffering of Palestinian civilians. Starmer said the situation was “a humanitarian catastrophe” as he acknowledged a divide with the president on recognising a Palestinian state.

While the prime minister has played a major part in European efforts to shore up US support for Ukraine, Trump's visit offered few major advancements, Trump has expressed frustration with Putin, but has not made good on threats to impose new sanctions on Russia. The king, in his state banquet speech Wednesday night, offered Trump a gentle nudge, noting “as tyranny once again threatens Europe, we and our allies stand together in support of Ukraine, to deter aggression and secure peace”.

It seemed like questions about Jeffrey Epstein would dog Trump throughout the trip, especially given that his visit began days after Starmer fired Britain's ambassador to the US, Peter Mandelson, over the envoy's past friendship with the convicted sex offender, who authorities say killed himself in 2019.

But Trump largely avoided the issue. Police did arrest four people over a stunt that saw an image of Trump and Jeffrey Epstein projected on a tower at Windsor Castle.

Asked about Mandelson during the news conference, Trump said only that he did not know the former ambassador, despite photographs showing the pair together in the Oval Office. (AP) SCY SCY

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