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    Delhi HC halts processing of IT-returns of Supreme Court, high court judges
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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
    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
    Show AI Summary
    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
    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.

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      Diwali Sale 2025: Branded Watches on Sale in India

      October 11, 2025

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      This Diwali 2025, gift timeless luxury. Explore Sylvi’s branded watches on sale—Iconic, Urbane, Timegrapher, Rig One O One, Velvetine, Bella, Timeora, Riva & Dazell. Diwali is not only about the use of diyas and sweets. It is that magic time of the year when the streets are open until late at night, children carry sparklers in their hands, and families finally stop their hectic life to have a seat together. There is exchange of gifts, laughter is heard across the house and the closeness of togetherness makes it all even better.

      This truly is khushiyon ki ghadi — the moment of happiness we all wait for. And what could be better than marking it with a gift that stays, a gift that reminds your loved ones of these joyful times long after the festival lights have dimmed? Most of us usually turn to sweets or gift hampers. They’re nice, but let’s be honest — they don’t last. A watch, though, is different. It doesn’t get finished in a week or pushed to the back of a shelf. It stays. You wear it every day, and it quietly reminds you of the person who gave it.

      This year, Sylvi is making that feeling even better. With the Diwali Sale 2025, our watches come with festive privilege prices — 14%, 16%, and even 18% off depending on the collection. Proudly designed in India, every piece combines reliability with style, so your gift isn’t just for the festival but for years to come.

      Take your pick: the strong, bold Iconic Collection for men or the soft elegance of the Velvetine Collection for women. Each one feels different, each one has its own story. And this Diwali, you can make one of them part of yours.

      Why Watches are the best Diwali gift A Symbol of Hope: A watch marks growth, progress, and new beginnings - the essence of Diwali itself A memorable gift: Long after the Diyas have gone out, a timepiece keeps ticking, reminding loved ones of your bond.

      Personal Yet Universal: Whether for students, professionals, athletes, men, women, or any profession, a watch fits every personality.

      Luxury that you can trust: Sylvi offers Premium watches with value for money price, and we are a proudly Made in India brand that offers made in India watches that match global standards.

      When you gift someone Sylvi watches, you are not just giving a product, but you are gifting time, memories, and love, which are forever.

      Sylvi Diwali 2025 Sale: Branded Watches on Offer Every Sylvi collection tells a different story, which is why they make such meaningful Diwali gifts. Some are bold, some refined, and each reflects a unique personality.

      Iconic Collection The Iconic Collection is a perfect fit with men who like to combine tradition with being practical. The watches have dark black dials, analog-digital movements, stainless steel backs, and leather-soft-straps. The round case has a vintage appeal to it but the details add a new twist to it making it a reliable solution both at a party and in everyday life.

      Urbane Collection The Urbane Collection takes a slightly different route. The squircle case is unique, the straps come in stainless steel with silver or rosegold tones, and the dial options range from blue to green to black. Urbane is the kind of watch you can wear to the office during the day and keep on for Diwali get-togethers in the evening. It’s versatile without trying too hard.

      Timegrapher Collection The Timegrapher Collection is for men who like their watches to do more. With working chronographs, black-and-rose gold cases, and sturdy build quality, these watches have presence. They’re accurate, water-resistant, and designed to feel at home both in meetings and festive celebrations.

      Rig One O One WT Max Collection The Rig One O One WT Max Collection blends old and new. You still get the elegance of a round analog dial, but it’s paired with a digital display. Add in a stainless steel back and a comfortable silicone strap, and you have a watch that’s tough, modern, and made for someone who enjoys technology as much as tradition.

      Other Sylvi Collections at a Glance Beyond these six, Sylvi also has a wide variety of collections that make wonderful Diwali gifts. Starboard is sporty and adventurous, built for people who love energy. Blade is one of the slimmest watches, perfect for minimalists. Elegadoom is bold and striking, while Majestic carries strong colors and designs for powerful personalities. Elegare offers clean and versatile styles, and Professional Edge is crafted for working professionals who want both form and function.

      For those who prefer modern simplicity, Specter brings minimal, clean lines. Serene offers soft, graceful looks for women, and Ellore transitions easily from work to evenings out. Timeora is chic yet practical, Riva provides everyday stainless steel elegance, and Dazell is trendy and youthful, making it a smart pick under ₹2000.

      Together, these collections prove that Sylvi has something for everyone — whether it’s a stylish gift for employees, a thoughtful present for a special guest, or a personal timepiece to mark the season of light.

      Festive Price & Deals Snapshot Sylvi offers a unique watch selection reflecting quality and celebration this Diwali Sale 2025.

      Men will appreciate the best-selling Iconic Collection that reinforces our theme of versatility with 14% off. The strap options include leather and fabric, while the watch display is a fun analog-digital display. The Starboard and Urbane Collections also 14% off offer sleek stainless steel straps and an elegant analog watch face, ideal for the modern working man.

      For style, the fashionable Blade Collection of watches, also 14% off, features a minimalist stainless steel look with a classic analog time display. The Timegrapher Collection allows you to recognize elegance like never before with 16% off and leather, silicone, and steel straps in an eye-catching chronograph style.

      Women will also find options that will add sophistication to every wrist. You will find exceptional watches with the Timeora Collection, 16% off, featuring elegant stainless steel straps with a minimal analog watch display. The Riva and Serene Collections offer beautiful timepieces in analog styles, 18% off, with delicate straps created in leather, mesh and stainless steel. The watch sets are a perfect, distinct gifting option for the holiday season.

      Sylvi stands behind each watch, could be Made in India, and designed for those who enjoy luxury, style and meaning.

      Why Choose Sylvi: Made in India, Value Luxury Gifting a Sylvi watch to someone is not only providing a time piece, but it is also a sign of the time when you commemorate something that is proudly Made in India. Each design bears the Indian touch but with the quality that you would have expected of the best international brands. And this is the difference, we demonstrate that luxury may be real and high-quality without a high price tag.

      In Sylvi, we have a simple belief, which is to appreciate luxury. Watches that appear to be high-end, and feel high-end and bring timeless elegance within reach. We are bringing festive light this Diwali with special privilege price of 14%, 16% and 18% on select lines.

      From bold men’s chronographs to graceful women’s designs, Sylvi offers a variety that suits every personality. Over the years, we’ve built a legacy of trust — rooted in craftsmanship, culture, and innovation. That’s why when you gift Sylvi, you’re not just gifting a watch. You’re gifting a story that will live on every wrist.

      Diwali Gifting Guide: Which Watch Fits Whom? Choosing the right watch for your loved ones doesn’t have to feel complicated. Here’s a quick guide to help you find their perfect match: Students & Youth → Urbane, Dazell, Blade Professionals → Iconic, Timegrapher, Timeora Women Elegant → Bella, Velvetine, Riva, and Serene Adventurers → Starboard, Rig One O One WT Max Collectors & Fashionistas → Elegadoom, Specter Expert advice: Present your Sylvi with a personalized card and wrap it in a festive box. It transforms a wonderful gift into one that will be remembered.

      Secure Yours Today – Limited Festive Privilege Prices It is time to celebrate more than lights and sweets this Diwali 2025, and Sylvi is inviting you to do so. Make merry with that which is enduring-- with a present that counts the seconds. Our Sylvi luxury watches are not just accessories since we present exclusive festive deals of 14%, 16% and 18%. They are a status symbol of luxury, pride and love.

      Don’t wait too long. Get yours now and have a Diwali of a lifetime. Since it is light season, the time is of the essence.

      (Disclaimer: The above press release comes to you under an arrangement with NRDPL and PTI takes no editorial responsibility for the same.). PTI PWR

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