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August 27, 2026
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Personal insolvency repayment plans may be approved despite minimal creditor recovery when requisite voting support and comparative valuation support them.
Personal insolvency repayment plan approval was granted under the Insolvency and Bankruptcy Code, 2016, despite objections that creditor recoveries were negligible and the proposed payment uncertain. The plan received 80.81 per cent voting support, while dissenting creditors held less than 20 per cent voting share. Valuation showed that the debtor's personal estate was materially below the offered amount, and rejection could result in bankruptcy and lower recovery. Assessment of settlement adequacy was treated as a matter of creditor commercial wisdom.
August 27, 2026
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Prison escape security lapses prompt coordinated tracing measures, transport monitoring, inter-state alerts, and a detailed custodial-security inquiry.
Prison escape and custodial-security lapses arose after a detainee escaped from Aluva Sub Jail, allegedly by using an under-construction structure within the premises to cross the compound wall. Following his later appearance at a police station seeking return of his Aadhaar card, search measures included a lookout circular, information sharing with police stations, railway-security coordination, and alerting police in Assam. A detailed inquiry has been initiated into the prison-security deficiencies enabling the escape.
August 27, 2026
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Women's savings account selection depends on practical benefits, charges, eligibility, and banking needs rather than the account label.
Women's Savings Accounts may provide standard banking facilities together with additional services or benefits for eligible women. Their suitability depends on practical use of digital banking, transfers, payments, alerts, debit-card facilities, accessibility, security features, charges, and minimum-balance conditions. Since regular Savings Accounts may offer comparable facilities, the additional benefits should be assessed against associated costs and conditions. Selection should be based on comparison of eligibility, facilities, balance requirements, benefits, customer support, and authentication safeguards rather than the account's women-focused label alone.
August 27, 2026
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Retirement annuity selection prioritises payout structure, taxation, insurer strength and flexibility over brand comparison for informed retirement decisions.
Retirement planning may combine market-linked accumulation during working years, deferred annuities that lock future guaranteed income, and immediate annuities that convert retirement savings into regular payments. Annuity choice depends on whether the priority is higher income, continuation for a surviving spouse, or return of capital on death. Product comparison should consider market-linked growth versus income certainty, taxation of annuity income at applicable slab rates, insurer strength, and flexibility in deferment, payout frequency and policy loans.
August 27, 2026
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Foreign exchange inflows through deposit and borrowing measures provided near-term rupee support amid lower crude prices.
Reserve Bank special measures relating to FCNR(B) deposits, Overseas Foreign Currency Borrowings and External Commercial Borrowings were identified as attracting foreign-exchange inflows and providing near-term support to the rupee. The Reserve Bank became a net dollar buyer in June after two months of sales to support the rupee. The FCNR(B) window remained open until August 31, while the market outlook anticipated broader rupee depreciation over subsequent weeks.
August 27, 2026
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Preferential trade agreement exploration advances bilateral market access, pharmaceutical cooperation, investment partnerships, and diversified trade.
India-Morocco economic cooperation is expanded through the seventh Joint Commission framework, targeting deeper and more diversified trade, investment, industrial collaboration and market access across goods and services. An India-Morocco Joint Working Group is to examine bilateral trade opportunities and the feasibility of a preferential trade agreement, including tariff and non-tariff barriers, improved market access and trade facilitation. Cooperation also addresses pharmaceutical market authorisation and approval timelines, food safety, sustainable agriculture, renewable energy, artificial intelligence, healthcare, and phosphates and fertilisers.
August 26, 2026
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Hybrid cyber fraud exploits stolen smartphones and intercepted verification codes to compromise digital banking and payment accounts.
Hybrid cyber fraud combines physical smartphone theft with digital financial exploitation. Offenders obtain screen-lock credentials, steal devices and use control of the active SIM card to intercept verification codes and reset UPI and digital banking credentials. Preventive measures include withholding PINs, passwords and OTPs; avoiding storage of financial and identity records on phones; and immediately blocking the SIM card and freezing digital banking and UPI services after a theft.
August 26, 2026
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CEPA review aims to expand bilateral trade engagement, address export barriers, and support regulatory registrations for exporters.
India and Japan are considering a review of the Comprehensive Economic Partnership Agreement to make the bilateral trade framework more contemporary and expand its scope, scale and commercial opportunities. The review is linked to balanced trade and to identifying export barriers arising from procedural requirements, language issues and time involved in market access. Regulatory compliance assistance may support product registrations required for overseas markets, including costly chemical registrations and pharmaceutical registrations.
August 26, 2026
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Personal loan reward eligibility depends on successful campaign-period disbursal, alongside review of borrowing costs and repayment capacity.
Loan Utsav 2026 provides a limited-period reward bundle to eligible customers whose personal loan is successfully disbursed during the campaign period, subject to applicable terms and conditions. Personal loans are collateral-free and available subject to eligibility, customer profile, documentation and applicable loan terms. Applicants may choose a loan amount and repayment tenure based on their requirements. Extended tenures can reduce monthly EMI obligations but may increase total interest payable. Customers should review interest rates, EMI, processing charges, other loan costs and repayment capacity before accepting a loan offer.
August 26, 2026
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Deep-tech investment cooperation advances through capital corridors, innovation bridges, manufacturing integration and startup pitching platforms for cross-border growth.
India-Japan startup cooperation is proposed to advance through a deep-tech capital corridor, a two-way innovation bridge, manufacturing and technology integration, and joint startup pitching platforms. Collaboration is directed towards patient capital, early-stage research, deep-tech commercialisation, technology validation, precision manufacturing, investment and market access. The partnership also emphasises MSME integration with startups and global supply chains, co-investment mechanisms, plug-and-play infrastructure, and institutional links among universities, research institutions, incubators and industry.
August 26, 2026
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Sugar price-control measures combine raw-sugar imports, stockholding limits and export restrictions to curb retail price pressures.
Sugar price-control measures combine authorised raw-sugar imports, stockholding limits for dealers and bulk consumers, and an existing export prohibition to address elevated domestic prices. Imports are permitted within the specified period, while stockholding restrictions seek to curb speculation and hoarding. Retail prices continued to rise despite lower ex-mill prices, and the regulatory approach focuses on augmenting supply, limiting stock accumulation, and preventing export-related pressure on domestic availability.
August 26, 2026
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Alternative dispute resolution enabled settlement of long-pending disputes, alongside reporting on court administration and regulatory compliance concerns.
Legal developments include resolution of long-pending tenancy, commercial and property disputes through a special Lok Adalat mechanism, including a digitally signed international settlement. Other matters concern a challenge to a riot-related murder conviction, allegations of administrative irregularities and selective case listing, fast-track court pendency, cancellation of a recruitment process following suspected examination malpractice, fraudulent identity documents used to claim citizenship, medical-qualification standards, and opposition to uranium exploration and mining.
August 26, 2026
Show AI Summary
MSME co-lending supports digital paperless credit delivery through rural banks for underserved rural and semi-urban enterprises.
SIDBI-RRB MSME co-lending arrangement is proposed for expansion to increase credit access for micro, small and medium enterprises in rural and semi-urban areas. The arrangement combines SIDBI's understanding of MSME credit requirements with Regional Rural Banks' local reach. SIDBI's Co-Lending Origination Platform provides an end-to-end digital credit process intended to enable faster, paperless loan processing, in-principle sanction communication, documentation and direct account disbursement without branch visits.
August 26, 2026
Show AI Summary
Input tax credit mismatch alone cannot support fraud-based GST demand without an assessing officer's recorded satisfaction of fraud or suppression.
Section 74 GST demand proceedings require the assessing officer's independent satisfaction of fraud, wilful misstatement or suppression of facts. An input tax credit mismatch or alleged short payment alone cannot establish these conditions. Unsupported assertions of suppression for invoking extended limitation are insufficient, and audit objections cannot replace the assessing officer's satisfaction. A show cause-cum-demand notice lacking factual allegations of a deliberate device to evade tax or avail excess input tax credit is vulnerable.
August 26, 2026
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Fraudulent Aadhaar procurement exposes identity-verification gaps and prompts disclosure, expedited investigation, deportation, and statutory review measures.
Fraudulent procurement of Aadhaar and other identity documents by foreign nationals who infiltrate borders may undermine identity verification, immigration control and national security. Coordinated action is required to trace and deport such persons, prevent re-entry, strengthen document verification, and complete investigations without delay. Amendments to the Aadhaar Act are to be considered to assist investigating agencies, while a dedicated procedure is required to address border infiltration and human trafficking. Aadhaar enrolment records are to be supplied to police, followed by timely deportation proceedings.
August 26, 2026
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Foreign investment liberalisation proposals receive industry support, subject to preserving AIF treatment, grandfathering, and prospective application.
Proposed foreign-investment liberalisation, including treatment of stakes below 10 per cent and a greater role for market forces in valuation, is welcomed. Preservation of the existing treatment of Alternative Investment Funds under the IOCC framework is emphasised, together with grandfathering of transactions and funds undertaken under the current regulatory position. Newly introduced requirements should operate prospectively to support a simpler, predictable and investment-friendly foreign-investment framework.
August 26, 2026
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India market expansion guides Nestle 's volume-led growth, export-hub development and long-term investment without compromising product quality.
Nestle 's India strategy focuses on volume-led growth, wider consumer reach, portfolio development, efficiency improvements and sustained long-term investment. Growth is intended to combine increased household penetration with pricing, premiumisation, affordability and value offerings. India is also intended to develop further as a production and export hub for global markets, supported by manufacturing capacity and expanding overseas supplies. Product quality and consumer interests remain constraints on the pace of expansion.
August 26, 2026
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Credit awareness through regular score and report review supports responsible borrowing, error detection, and informed credit management.
Free online access to the Credit Pulse Report is available through the Bajaj Finance website. Users verify their registered mobile number through OTP authentication, provide identifying particulars including PAN and date of birth, and then view the available credit score. The report may be reviewed and downloaded to examine repayment history, active credit accounts, recent enquiries and other recorded credit information. Periodic review can help identify unfamiliar accounts, inaccurate repayment records, overdue amounts, unupdated information and changes in credit utilisation.
August 26, 2026
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Credit lifecycle consistency requires facility-specific treatment so UPI-linked credit records, repayments and customer obligations remain aligned.
CARD91's Credit Lifecycle Consistency Framework calls for facility-specific treatment of Credit Line on UPI transactions and continuing credit events. Credit limits, outstanding balances, repayments, refunds, reversals and EMI conversions should be accurately connected to the relevant customer account and applied according to the underlying facility's terms. Bank policy, customer consent, transaction controls and portfolio actions should remain aligned. Customer-facing applications, statements and alerts should consistently reflect available credit, outstanding obligations and repayment schedules, while disputes and manual corrections follow documented, reviewable processes.
August 26, 2026
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Non-revolving credit lines require term-loan structures supporting multiple drawdowns without replenishing sanctioned limits for NBFC lending products.
Proposed restrictions on revolving credit facilities for most NBFCs would generally require credit products to operate as term loans, rather than facilities in which principal repayment automatically restores the available borrowing limit. Compliance may require technology capable of managing multiple drawdowns within an approved sanction, separate repayment schedules, amortisation and servicing workflows, while preventing repaid principal from replenishing the sanctioned limit.

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PMLA / Black Money

20 years of RTI: Congress tears into Modi govt for 'systematically killing' Act, 'hollowing out' democracy

October 12, 2025

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New Delhi, Oct 12 (PTI) The Congress on Sunday accused the Modi government of "systematically killing" and "weakening" the Right to Information Act, which was brought by its UPA government two decades ago with an aim to bring in transparency and accountability in governance.

On the 20th anniversary of Right to Information (RTI) Act, the Congress alleged that for the BJP, RTI means "Right to Intimidate", and claimed that the ruling dispensation also made the Central Information Commission a "toothless" body with its top post as well as the posts of seven information commissioners lying vacant for a longtime.

"For the BJP, RTI means Right to Intimidate," AICC general secretary (communications), Jairam Ramesh, said at a press conference on the 20th anniversary of the Act, which was introduced on October 12, 2005.

Congress president Mallikarjun Kharge also accused the Modi government of "systematically corriding" the RTI Act and "hollowing out" democracy and citizen's rights.

In a post on X, Kharge said that 20 years ago, the Congress-led UPA government ushered in a new era of transparency and accountability, and the RTI was the first of its several "transformative rights-based legislations".

"In the last 11 years, the Modi government has systematically corroded the RTI Act, thereby hollowing out democracy and citizen's right," Kharge said in his post.

The Congress chief claimed that in 2019, the Modi government "hacked away" at the RTI Act, seized control over the information commissioners' tenure and pay, and converted independent watchdogs into servile functionaries.

"The Digital Personal Data Protection Act, 2023, gutted the RTI's public interest clause, weaponising privacy to shield corruption and stonewall scrutiny," Kharge alleged.

Ramesh said the purpose and intention behind the "revolutionary" law was to bring transparency in the functioning of the government and make it accountable, alleging that there has been a deliberate and continuous effort to weaken it.

The Modi government brought amendments to the Act in 2019 to weaken it and turn the CIC into a "toothless organisation", he alleged.

"The government wants mercy killing of RTI," he claimed, adding that no posts were filled in the CIC to make it a "toothless body".

He also claimed the Modi government brought the Digital Personal Data Protection Act to amend the provisions of the RTI Act to effectively dismantle the RTI.

The CIC is being run by just two members and the posts of chief information commissioner and seven other commissioners in the body are lying vacant for the past two years, Ramesh said.

"The CIC headquarter looks like a ghost house," Ramesh said, referring to the "deep aversion" of the Modi government towards the RTI.

Congress general secretary (organisation), K C Venugopal, said the Right to Information Act, 2005, was a landmark moment in Indian history -- bringing in unprecedented levels of transparency and paving the way for accountability of all public servants, including the prime minister of India.

"Unfortunately, as we mark the 20th anniversary of the RTI Act, we see a deliberate attempt to destroy and undermine this law. Through amendments as well as sheer non-compliance, the Modi government has taken a sledgehammer against the RTI Act.

"By misusing the exemptions clause, and introducing further exemptions via the Digitial Personal Data Protection Act, they have made it impossible to extract meaningful information from the government," Venugopal said on X, reiterating Congress' commitment to protect the RTI Act against such "assaults".

Ramesh said when acts like RTI were being planned, bills were sent to standing committees and the then-Manmohan Singh government agreed to all the amendments suggested by the panels.

But in 2019, the suggestions made by the standing committees -- which included senior BJP leaders Vijay Kumar Malhotra, Kiran Maheshwari, Harin Pathak, Brajesh Pathak (all Lok Sabha MPs then) and Bal Apte and Ram Nath Kovind from the Rajya Sabha -- were not agreed to and removed, the Congress leader said.

Ramesh also listed five reasons behind the Modi government acting against the RTI Act to "weaken" it, claiming them to be significant reasons as they all land at the office of the prime minister directly, which is why the key amendments were brought in.

He said an order by the chief information commissioner to provide information about Prime Minister Narendra Modi's MA degree in "entire political science" under the RTI Act was the first reason, while the second was RTI information proving the prime minister wrong when he claimed that there were crores of fake ration cards in the country.

The information obtained through the RTI Act revealed that Modi's claims were wrong, he said.

The third reason, Ramesh said, was the information revealed through RTI that just four hours prior to the demonetisation announcement by Prime Minister Modi, the Central Board of the Reserve Bank of India concluded that the move will not help curb black money or fake currency.

Citing the fourth reason, Ramesh said that under the RTI Act, somebody sought the list of 20 top willful loan defaulters of the country, and the CIC said the list had been submitted by the then-RBI governor to the Prime Minister's Office (PMO).

The fifth reason, the Congress leader claimed, was the revelation through RTI that no black money had come back from abroad as had been promised by Prime Minister Modi ahead of the 2014 Lok Sabha elections.

The Congress leader also warned that the Digital Personal Data Protection Act, if implemented in its current form, will prove to be the final death knell for the RTI.

Section 44(3) of the Act says no personal information of any individual will be accessible under the RTI Act, he said.

"This provision can be misused to deny important information on the pretext of it being 'personal information'. People holding public offices and public positions cannot hold back information on this pretext," he said.

Ramesh also said that he had written to the information technology minister, seeking an amendment to the Digital Personal Data Protection Act, lest it can become the final death knell for the RTI.

"What is personal about activities conducted in public life," he asked.

The senior Congress leader also claimed that even though he challenged the amendments to the RTI Act on December 17, 2019, in the Supreme Court, the matter is still pending before the apex court. PTI SKC ARI

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