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    Trade war between Canada, US deepens rupture in what had been close and durable alliance
    Canada will impose retaliatory tariffs on US good beginning Sept 8
    J-K parties oppose hike in power tarrif
    IAS officer Gangwar not ‘missing’, away in UP over father’s health: Karnataka minister
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    August 22, 2026
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    Retaliatory tariffs on United States goods will target key sectors after trade negotiations failed and reciprocal tariff relief was unavailable.
    Retaliatory tariffs on United States goods will take effect from 8 September in response to United States tariffs on Canadian products and unsuccessful negotiations. The dollar-for-dollar measures will cover steel, dairy, appliances, agricultural equipment, pulp and paper, and electronics, with product-specific details to follow. Canada had been willing to remove certain retaliatory tariffs if corresponding United States tariffs were substantially reduced, but considered the final demands unacceptable.
    August 22, 2026
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    Power tariff revision faces political opposition over increased consumer electricity costs and conflict with prior free-electricity commitments.
    Power tariff regulation in Jammu and Kashmir and Ladakh has been revised through approval of an average tariff increase, effective from 1 September 2026. Political representatives have opposed the increase on the ground that it adds to consumer hardship amid unemployment, inflation, and sectoral difficulties. The criticism also contrasts the revised tariff with prior commitments concerning free domestic electricity and gas.
    August 22, 2026
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    Recruitment examination integrity prompted enforcement scrutiny and proposed disciplinary inquiry, while an officer's absence was attributed to family emergency.
    Reported absence of an IAS officer was attributed to a family medical emergency and a pending leave request, rather than enforcement searches concerning an alleged recruitment-examination scam. The officer denied any connection with those searches and expressed willingness to face an inquiry. Enforcement searches at the Karnataka Public Service Commission concerned a money-laundering investigation into alleged recruitment irregularities. The State Cabinet decided to advise suspension of the commission chairperson and initiation of an inquiry after an earlier suspension was set aside for lacking the Cabinet's aid and advice.
    August 22, 2026
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    Money-laundering and benami asset allegations prompt enforcement proceedings, while the accused officer's brother calls the action selective targeting.
    Enforcement proceedings under the Prevention of Money Laundering Act concern allegations that suspended police officer Vijay Choudhary managed numerous assets through benami transactions and engaged in money laundering. An Anti-Corruption Bureau FIR had already been registered in relation to the allegations. Surinder Choudhary characterised the action as selective targeting but maintained that investigating agencies and the judiciary should address and decide matters concerning his family.
    August 22, 2026
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    Specialised dispute resolution requires technical expertise, timely proceedings, mediation support, and human oversight to safeguard natural justice.
    Specialised, timely and effective dispute-resolution mechanisms are necessary for technically complex disputes in telecom, broadcasting, airport tariffs and cyber sectors. Technology may assist legal reasoning but cannot replace judicial reasoning, requiring verification, professional responsibility and meaningful human oversight. Effective specialised adjudication should combine domain expertise with judicial discipline, respond to technical complexity, and protect natural justice, transparency and reasoned decision-making. Mediation and other consensual mechanisms can support dispute resolution.
    August 22, 2026
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    Form 15CB certification faces scrutiny where inadequate verification allegedly enables foreign remittances through shell companies and false certificates.
    Alleged misuse of Form 15CB certification has resulted in criminal proceedings concerning certificates issued for foreign remittances without verification of underlying documents. Form 15CB requires certification of applicable taxability and tax-deduction particulars for specified remittances to non-residents before processing by an authorised dealer. The allegations concern certificates that potentially enabled cross-border transfers through shell or non-existent companies, involving cheating, false certification, false evidence and common intention.
    August 22, 2026
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    Beginner stock market investing requires regulated accounts, risk-aware financial planning, diversification and informed company assessment before purchasing securities.
    Beginner stock market investing requires a bank account, a trading or broking account with a SEBI-registered broker, and a Demat account for electronic holding of securities. Investments involve risk of loss and should align with financial goals, time horizon and loss-bearing capacity. Investors should understand primary and secondary markets, distinguish long-term investing from short-term trading, assess companies before purchase, diversify holdings, consider charges, maintain records and avoid borrowed-money investing, rumours and momentum-driven decisions.
    August 22, 2026
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    Capacity-based tobacco taxation targets undeclared packing machinery used for clandestine production and clearance without indirect tax payment.
    Clandestine manufacture and clearance of pan masala, scented jarda and tobacco products without registration or payment of GST, HSNS Cess and central excise duty was detected through an intelligence-led search. Undeclared Form-Fill-Seal packing machines, workers, finished goods, raw materials, transport vehicles, packing materials and records indicated unaccounted production and clearance. Capacity-based monthly HSNS Cess for pan masala is computed according to the number, type and capacity of installed packing machines, while a corresponding capacity-based central excise levy applies to chewing tobacco, jarda and gutkha.
    August 22, 2026
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    Trade exhibition connects Korean exporters with Indian buyers through sector-specific consultations and certification guidance for market entry.
    KoINDEX 2026 is a business-to-business trade exhibition bringing Korean manufacturers and exporters together with buyers in India and South Asia. It focuses on beauty and personal-care products, processed and functional foods, and construction, building and safety products. Commercial engagement includes pre-matched export consultations with project owners, contractors, distributors, wholesalers, e-commerce platforms and food distribution businesses. A seminar addresses Bureau of Indian Standards certification and market-entry requirements for Korean products entering the Indian market.
    August 22, 2026
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    Independent PMLA proceedings require separate anticipatory bail assessment; predicate-offence protection alone cannot establish pre-arrest protection.
    Protection in a predicate-offence FIR does not automatically extend to independent PMLA proceedings. Anticipatory bail in a money-laundering investigation must be assessed under the applicable PMLA condition and on the material connecting the applicant to alleged proceeds of crime. Relevant considerations include the financial trail, recorded statements, bank-account analysis, compliance with summonses, cooperation with inquiry, and the need for personal participation in evidence collection and confrontation with documentary and digital material.
    August 22, 2026
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    Financial accessibility for Divyangjans requires compliance standards, practical implementation measures and stronger institutional capacity across financial services.
    Accessibility of financial services for Divyangjans was examined through a workshop focused on public sector banks, insurance companies, regulators and public financial institutions. Discussions covered accessibility standards, compliance requirements, legal provisions, practical implementation challenges and institutional best practices under the Sugamya Bharat initiative. Participants considered operational measures to strengthen institutional capacity, inclusivity and equitable access to financial services.
    August 22, 2026
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    Audit quality enhancement for small and medium auditors emphasises technology, global standards, inspection insights and stronger financial reporting.
    Audit quality and financial reporting reliability were the focus of NFRA's outreach programme for small and medium audit firms. The programme promoted professional capacity-building, alignment with contemporary global standards, adoption of appropriate audit technology, and the public-interest role of the accountancy profession. Technical sessions covered audit strategy documentation, risks of material misstatement, and practical lessons from audit-firm oversight to support improved day-to-day audit practice and high-quality financial reporting.
    August 22, 2026
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    Cartelisation by agro-input dealer associations attracted monetary sanctions, cease-and-desist directions, and mandatory competition-compliance training for responsible officials.
    Cartelisation by the two agro-input dealer associations and named individuals contravened Section 3(3)(b) read with Section 3(1) of the Competition Act, 2002. Monetary sanctions were imposed, and association office-bearers were held liable under Section 48. The parties and liable officials were directed to cease and desist from future anti-competitive conduct and to organise competition-compliance training to promote awareness and compliance within the associations.
    August 22, 2026
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    Circular economy partnerships promote resilient value chains, resource efficiency and sustainable growth alongside evolving India-EU trade integration.
    India-Finland circular economy cooperation is being developed through business, technology, investment and commercial partnerships supporting resource-efficient and sustainable growth. Discussions focused on competitive and resilient value chains based on circularity, traceability, resource efficiency and sustainable business practices. Circular economy principles extend beyond waste management into product design, value chains, resource use, skills development and new business models. The India-EU free trade agreement remains subject to legal review and formal ratification and is not yet in force.
    August 22, 2026
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    Bid rigging through pre-bid exchange of sensitive price information attracted penalties and cease-and-desist directions in tyre procurement.
    Bid rigging in tyre procurement was established where Rekha Agencies and SS Marketing exchanged commercially sensitive price-bid information before submitting bids for the Himachal Pradesh Tender 2013. The concerted conduct contravened the prohibition on anti-competitive agreements and bid rigging. Monetary penalties and cease-and-desist directions were imposed on both enterprises. An official of Rekha Agencies was also penalised for liability arising from the contravention, while proceedings against the official of SS Marketing stood abated following his death.
    August 22, 2026
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    Import tariffs on Canadian products trigger potential retaliatory levies after bilateral negotiations fail to reach agreement.
    Import tariffs on Canadian products are set to be imposed by the United States at a 50% rate after bilateral negotiations did not produce an agreement. The measures cover products including hockey sticks and tongue depressors and affect a limited share of Canada's annual exports to the United States. Canada has indicated possible retaliatory levies, intensifying the bilateral trade dispute.
    August 21, 2026
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    Rupee exchange-rate movement reflected geopolitical tensions, crude oil conditions and market intervention, while export payment rules expanded rupee invoicing.
    Foreign Trade Policy amendments facilitate export invoicing and receipt of payments in Indian rupees. For exports to countries outside the Asian Clearing Union, export contracts and invoices may be denominated in Indian rupees or any foreign currency. The earlier general requirement that export earnings be received in a freely convertible currency is thereby eased, while applicable rules continue to vary according to destination.
    August 21, 2026
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    Non-controlling land-bordering country ownership permits eligible foreign investment through the automatic route, subject to sectoral conditions and reporting.
    Foreign direct investment may use the automatic route where non-controlling beneficial ownership from a land-bordering country in the investor entity does not exceed 10%, subject to sectoral caps, entry routes and other applicable conditions. The beneficial ownership test applies at the investor-entity level. Eligible investors need not obtain separate prior Government approval after reporting relevant information to the Government. The framework replaces the earlier approval requirement applicable even to minimal beneficial ownership from land-bordering countries.
    August 21, 2026
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    Climate-resilient urban water security modernises Chennai's supply and sanitation systems through ring-main infrastructure, digital monitoring, and safer sewer operations.
    Chennai Climate-Resilient Water Security and Sewerage Project modernises and expands water supply and sanitation infrastructure through a loan arrangement between the Government of India and the Asian Development Bank. Measures include new pipelines, upgraded pumping stations, performance-based utility operations, and a comprehensive ring-main system to improve water-pressure balance, distribution efficiency, reliability and climate resilience. Digital monitoring and advanced blockage-detection technology are intended to improve operational decisions, customer responsiveness and worker safety while eliminating hazardous manual sewer inspections.

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      PM says BJP brought era of 'double savings double income', saved India from Cong’s ‘loot’

      September 27, 2025

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      Jharsuguda (Odisha), Sep 27 (PTI) Prime Minister Narendra Modi on Saturday asserted that the BJP-led government at the Centre ensured “double bachat (saving) and double kamai (income)” for people through its polices and the recent GST rate rationalisation, and saved the nation from the "culture of loot" prevalent during the Congress regime.

      From Odisha's Jharsuguda town, Modi also laid the foundation stones and inaugurated development projects valued at over Rs 50,000 crore across telecommunications, railways, higher education, healthcare, skill development and rural housing sectors.

      "The Congress left no opportunity to loot people. When we got the opportunity to serve, our administration successfully liberated the country from the exploitation of the previous government. Now, a new era of double 'bachat' (saving) and double 'kamai' (income)” has begun. Earlier, people had to pay tax even on income up to Rs 2 lakh. Today, people earning up to Rs 12 lakh annually are exempted from tax,” Modi said while addressing the 'Namo Yuva Samabesh'.

      The Prime Minister said the GST reforms would ensure that people can save more.

      “The reforms in the GST have created a situation where people can save a lot. Instead of paying tax of Rs 25,000 on spending of Rs 1 lakh, now their tax ratio will come down to Rs 5,000, thus saving around Rs 20,000,” Modi said, evoking applause from the gathering.

      The rationalised two-rate GST structure of 5 per cent and 18 per cent, which came into effect on September 22, is expected to reduce the prices of a large number of products and services.

      The PM also alleged that the Congress governments in the states become a "stumbling block" between the people and the Centre's development initiative.

      "Till 2014, the Congress was looting the country. Our government has made income tax free up to Rs 12 lakh. Despite GST rates being reduced, the Congress-ruled Himachal Pradesh government continued to loot the people.

      "When we reduced the GST rates, prices came down across the country, but the Congress does not want to give this relief to the common people. The Himachal Pradesh government imposed a new tax of its own on cement. While the entire nation is benefiting from the recent GST Bachat Utsav, the people of Himachal Pradesh are being deprived of it," Modi alleged.

      He cautioned the people against the alleged loot by the Congress and its allies.

      Noting that Odisha is the land of farmers, and the GST ‘Bachat Utsav’ will benefit them, Modi said, “During the Congress regime, the farmers had to pay Rs 70,000 as tax to purchase a tractor. After GST rationalisation and several other reforms came into effect, a farmer can now save Rs 40,000. Prices of several agricultural equipment items have been reduced by the BJP government," he said.

      The Prime Minister asserted that the BJP-led NDA government at the Centre aims to uplift the poor and marginalised people.

      “Our strong focus is on providing basic facilities to the poor, dalits, backward classes, and the deprived. Today I got the opportunity to hand over the acceptance letters to the Antyodaya Gruha Yojana beneficiaries,” Modi said.

      The PM also distributed sanction orders to 50,000 beneficiaries under the Antyodaya Gruha Yojana, under which pucca houses and financial assistance are given to vulnerable rural families, including persons with disabilities, widows, individuals suffering from terminal illness, and victims of natural calamities.

      Modi thanked the people of Odisha for bringing the BJP to power in the 2024 assembly elections, and said the saffron party government has undertaken a slew of development initiatives.

      He claimed that after battling against poverty for decades, under the BJP rule, prosperity has been achieved.

      “The next decade for Odisha would be a decade of prosperity,” Modi said, adding that the Centre recently allocated two semiconductor units for Odisha, a shipbuilding yard and an economic corridor from Paradip to Jharsuguda.

      Modi said the pace of development in Odisha is now moving in "double speed" under the "double engine" government.

      Emphasising the necessity of making the country ‘Atmanirvar', the Prime Minister said, "It is our resolve that from chip to ship, India must be self-reliant in everything." During the day, he commissioned more than 97,500 4G telecom towers built with BSNL’s ‘swadeshi’ technology at a cost of Rs 37,000 crore and lauded the state-owned firm for its services.

      Modi laid the foundation stone for Rs 11,000 crore infrastructure expansion projects in eight IITs across the country in order to increase 12,000 seats over the next four years.

      He laid the foundation stone for the construction of a rail flyover between Sambalpur City and Sarala at an investment of Rs 273 crore, and for the setting up of a semiconductor and electronic system design and manufacturing (ESDM) park in collaboration with IIT-Bhubaneswar.

      The PM launched the MERITE (Multidisciplinary Education and Research Improvement in Technical Education) scheme, designed to improve quality, equity, research, and innovation in 275 state engineering and polytechnic institutions across the country.

      He flagged off the Amrit Bharat Express connecting Berhampur with Udhna in Gujarat’s Surat district.

      Modi also dedicated to the nation the doubling of the 34-km Koraput–Baiguda rail line and the 82-km Manabar–Koraput–Gorapur section. PTI AAM BBM MNB BDC AAM NN

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