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    SC sets aside show cause notice to Tata Steel over input tax credit availed during FY19-23
    HC flags fraudulent use of Aadhaar by infiltrators to get Indian citizenship; calls for action
    IVCA Welcomes Consultative Approach on Draft FEMA NDI Rules
    India to be among top 5 Nestle markets in coming years, a major export hub : Global CEO
    Build Credit Awareness with a Free Credit Score Check from Bajaj Finance
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    The US and Canada could pull back from an all-out trade war. It's not clear that they will
    Indian Community in Japan Playing Key Role in Strengthening India-Japan Ties: Commerce and Industry Minister Shri Piyush Goyal
    Union Minister of Commerce and Industry Shri Piyush Goyal Chairs India-Japan Industry Roundtable on Semiconductors and Artificial Intelligence in Toky...
    National Traders’ Welfare Board Holds 100th VC Meeting to Strengthen Engagement with Traders Across the Country
    CCI approves acquisition of 100% share capital of Tao Digital Solutions by Cyient Ltd
    CCI approves acquisition of 100% stake in Kestrel Coal Group Pty Ltd. by Yancoal Australia from certain sellers
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    Goyal promises BIS certification relief for high-tech sector firms
    IICA Conducts inaugural session of 11th Batch of its Certified CSR Professional Programme
    Net Profit of Regional Rural Banks (RRBs) Rises to Record ₹10,176 Crore, Total Business Cross ₹13.5 Lakh Crore in FY 2025-26
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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
Show AI Summary
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.
August 26, 2026
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Reciprocal trade tariffs intensify as negotiations confront market access, cultural protections, industrial safeguards, and sovereignty concerns.
US-Canada tariff escalation involves reciprocal import duties following failed negotiations over market access and trade in dairy, alcoholic beverages, automobiles, steel, aluminium and softwood lumber. United States tariff action relies on a rarely used trade-law power permitting duties against countries considered to discriminate against American businesses, without a prior investigation or stated time limit. Negotiations also raised concerns about protection of major industries, cultural protections and Canada's freedom to conclude trade agreements with other countries.
August 26, 2026
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Diaspora engagement supports skilled mobility, investment links, remittances, and citizen welfare while encouraging compliance with local laws.
Indian diaspora engagement in Japan supports bilateral goodwill, business links, investment opportunities and people-to-people ties. Skilled Indian professionals are encouraged to understand local requirements, learn Japanese language and culture, and pursue opportunities in healthcare, trades, engineering, artificial intelligence, accountancy and maritime work. Diaspora members are also encouraged to maintain connections with India, contribute through digital education and knowledge-sharing, and comply with local laws and regulations. Remittances and government support for citizens' welfare, safety and crisis assistance abroad are recognised as important aspects of diaspora engagement.
August 26, 2026
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Semiconductor and AI cooperation advances through industry engagement, investment facilitation, and accelerated economic partnership review.
India-Japan cooperation in semiconductors and artificial intelligence is being strengthened through industry engagement, investment facilitation, technology partnerships and an economic-security-oriented framework. India's semiconductor strategy covers chip design, machinery and materials, fabrication, ATMP/OSAT, research, and talent development, supported by Semicon India initiatives. Bilateral engagement also seeks to address industry concerns, expand manufacturing and innovation partnerships, and accelerate review of the Comprehensive Economic Partnership Agreement to reflect emerging economic opportunities.
August 26, 2026
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Virtual trader engagement platform strengthens weekly grievance feedback, policy information sharing, and institutional dialogue between government and trading communities.
The Virtual Conference Interaction Meetings provide a weekly, accessible forum for retail traders to engage with the Government, receive information on relevant schemes, policies and reforms, and submit grievances and suggestions. The platform enables recurring concerns to be identified and communicated to concerned Ministries and Departments for consideration and redressal. It seeks to strengthen institutionalised dialogue, feedback, transparency, trust and cooperation between the Government and the trader community.
August 26, 2026
Show AI Summary
Competition clearance for full acquisition permits Cyient to acquire Tao Digital Solutions, a global digital transformation and technology services provider.
Competition Commission of India approved Cyient Limited's acquisition of 100% of Tao Digital Solutions Inc.'s share capital from its existing shareholders. The full share capital acquisition transfers complete ownership of Tao Digital Solutions to Cyient. Tao Digital Solutions provides global digital transformation and technology services, including product engineering, managed services, cybersecurity, payments, digitization and AI, cloud services, and data services, and operates in India through its wholly owned subsidiary, Tao Digital India Private Limited.
August 26, 2026
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Competition clearance for full coal-sector acquisition addresses limited Indian market links through metallurgical and thermal coal sales.
Competition approval covers Yancoal Australia Limited's acquisition of 100% equity interest and warrants in Kestrel Coal Group Pty Ltd. The target holds an 80% interest in the Kestrel Joint Venture, which operates a Queensland coal mine producing principally metallurgical coal and a smaller volume of thermal coal. Neither the acquirer nor the target has a physical presence in India. Their Indian nexus is limited to coal exports and the joint venture's sales of metallurgical coal into India.
August 25, 2026
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Customs classification of unassembled vehicle imports requires fresh hearing after reserved tax challenge was released without verdict.
The dispute concerns customs classification of imported unassembled vehicle parts. Customs authorities allege that parts imported in separate shipments should have been declared as completely knocked down (CKD) units, attracting the higher duty applicable to CKD imports, rather than as individual components subject to lower duty. The manufacturer contests the resulting customs demand. Proceedings have been released for fresh hearing before the regular indirect-tax writ bench, with status quo maintained for four weeks.
August 25, 2026
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Retaliatory tariffs on imported goods escalate trade measures, targeting key sectors while maintaining support for affected domestic businesses.
Canada has imposed retaliatory tariffs on United States-origin industrial and consumer goods following increased United States tariffs on Canadian goods. Effective 8 September, the measures apply at rates of 15%, 25% and 50% across more than 700 products, including steel, aluminium, appliances, dairy products, seafood, furniture, clothing, pulp and paper, and electronics. Existing countertariffs on automobiles remain in force. The measures seek to protect domestic businesses and reduce imports, supported by assistance for affected workers and businesses amid risks to integrated cross-border supply chains.
August 25, 2026
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Foreign-exchange market intervention and lower crude prices supported rupee appreciation, while USD/INR remained range-bound amid shifting dollar conditions.
Foreign-exchange market conditions supported rupee appreciation against the US dollar, driven by stronger domestic equity markets, a weaker US dollar and lower crude oil prices. The USD/INR pair remained broadly range-bound, with oil-price movements and Reserve Bank intervention identified as key near-term influences. The special USD-INR foreign-exchange swap facility for FCNR(B) deposits, overseas foreign-currency borrowings and external commercial borrowings mobilised substantial foreign-exchange inflows.
August 25, 2026
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Section 301 tariffs may have lower impact where major exports remain outside their scope amid resilient domestic demand.
Economic resilience is attributed to buoyant domestic demand, increased manufacturing and services activity, improving liquidity conditions, credit growth, investment activity and rebounding foreign capital inflows. Recovery in the southwest monsoon improved kharif sowing and reservoir storage, partly mitigating agricultural-sector risks. US Section 301 tariffs are expected to have a comparatively lower effect because major Indian exports to the United States, including smartphones, petroleum products and pharmaceuticals, remain outside their scope. Foreign direct investment improved with higher gross inflows, while outward foreign direct investment continued to decline.
August 25, 2026
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BIS certification exemptions may be structured for high-tech manufacturers to ensure timely equipment imports and support domestic manufacturing operations.
Mandatory Bureau of Indian Standards (BIS) certification requirements for equipment and components used by high-technology manufacturers may be addressed through a proposed exemption framework. Possible exemptions may be structured at the company, industry, product, project or bulk level to support timely availability of imported equipment, goods and services for manufacturing operations. The approach is directed at high-technology industries generally, particularly semiconductor and artificial intelligence sectors, while addressing delays associated with mandatory certification and complex procedures for specialised imported parts and equipment.
August 25, 2026
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Corporate social responsibility should prioritise measurable community outcomes, transparency, capable implementing agencies, and strategic integration with sustainability objectives.
Corporate social responsibility should prioritise measurable community outcomes rather than expenditure alone. Effective CSR depends on community-responsive design, capable implementing agencies, rigorous monitoring, social audits, and transparent use of technology and data. Public sector enterprises may use thematic priorities, convergence with government programmes, and institutional collaboration to replace isolated interventions with strategic CSR. CSR capacity building encompasses legal and regulatory frameworks, governance, project planning, impact assessment, reporting, ESG and the Social Stock Exchange.
August 25, 2026
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Regional rural bank performance highlights improved profitability, asset quality, priority-sector lending, financial inclusion, and digital banking expansion.
Regional Rural Banks achieved prescribed priority-sector lending targets and sub-targets, expanded financial inclusion through new Pradhan Mantri Jan Dhan Yojana accounts, and recorded improvement in profitability, asset quality, and credit-deposit ratio. Digital banking adoption is to be accelerated to improve operational efficiency, customer experience, and banking access in rural and remote areas. Sponsor Banks are expected to strengthen information-technology infrastructure and support increased area-specific credit flows and innovative lending.

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November 7, 2025

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New Delhi, Nov 7 (PTI) Following are the top stories at 9.15 pm: NATION DEL73 MEA-PAK-LD NUCLEAR (7.39 PM)

Clandestine nuclear activities are in keeping with Pak's history: India New Delhi: India on Friday noted US President Donald Trump's comments about Pakistan testing nuclear weapons and said Islamabad's "clandestine" nuclear activities were centred around decades of smuggling, export control violations and secret partnerships.

DEL72 PM-4THLD VANDE MATARAM (7.23 PM)

Key stanzas of 'Vande Mataram' dropped in 1937, divisive mindset still challenge for country: PM New Delhi: In an apparent attack at the Congress, Prime Minister Narendra Modi on Friday said important stanzas of the national song "Vande Mataram" were dropped in 1937 which sowed the seeds of partition and asserted that such a "divisive mindset" is still a challenge for the country.

DEL74 AVI-DELHI AIRPORT-3RDLD ATC GLITCH (7.59 PM)

Delhi airport's air traffic control faces tech issues; over 800 flights face delays New Delhi: Delhi airport, the country's busiest airport, plunged into chaos on Friday as more than 800 domestic as well as international flights were delayed due to technical problems with the air traffic control system, sources said.

DEL71 LD VANDE MATARAM (7.19 PM)

Year-long 'Vande Mataram' celebrations kick off, BJP-Cong spar New Delhi: The year-long commemoration of "Vande Mataram" kickstarted on Friday with various leaders emphasising how this 'maha mantra' of nation building continues to symbolise the emotional consciousness and unity of the country's people even as the BJP and the Congress accused each other of belittling the national song.

DEL80 HASINA-BANGLADESH (8.58 PM)

Yunus not in control, Islamists linked to terror groups spreading hardline ideology: Hasina on Bangladesh situation New Delhi: Bangladesh's interim government chief Muhammad Yunus is not in control of the administration and Islamist factions linked to terrorist groups are allowed to spread a hardline ideology, former prime minister Sheikh Hasina has said.

DEL79 UP-PM-LD VARANASI (8.44 PM)

Modi lands in Varanasi for Vande Bharat trains' inauguration Varanasi: Prime Minister Narendra Modi landed in Varanasi on Friday for a two-day visit, during which he will inaugurate four new Vande Bharat Express trains.

DEL77 EC-BH-REPOLL (8.27 PM)

Phase 1 of Bihar assembly election: No repoll recommended, says EC New Delhi: The Election Commission on Friday said no repoll has been recommended for the over 45,000 polling stations in 121 seats that went to polls in the first phase of the Bihar Assembly election on November 6.

DEL70 DEF-HAL-JET ENGINES

HAL seals mega deal with GE Aerospace for procurement of 97 jet engines New Delhi: The Hindustan Aeronautics Ltd (HAL) on Friday sealed a major deal with GE Aerospace to procure 113 jet engines for its Tejas light combat aircraft programme.

DEL64 BJP-CONG-VANDE MATARAM (6.47 PM)

Congress adopted truncated Vande Mataram in 1937 out of communal agenda: BJP New Delhi: The BJP on Friday slammed the Congress over the adoption of a truncated version of Vande Mataram in 1937 under the presidentship of Jawaharlal Nehru.

BOM34 MH-LD LAND DEAL (8.40PM)

Land deal scrapped, Parth didn't know it was govt property, says Ajit Pawar Mumbai/Pune: Mounting a damage control exercise, Maharashtra deputy Chief Minister Ajit Pawar on Friday claimed that his son Parth was not aware that the land purchased by his firm in Pune belonged to the government, and informed that the Rs 300 crore deal has now been cancelled, even as Congress leader Rahul Gandhi termed the transaction a `theft of land reserved for Dalits'.

CAL88 BH-POLLS-RAVI KISHAN-TEJ PRATAP (7.22 PM)

Tej Pratap's airport meet with BJP's Ravi Kishan sparks speculations Patna: Janshakti Janata Dal founder Tej Pratap Yadav and BJP MP Ravi Kishan were seen together at the Patna airport on Friday, raising eyebrows amid the assembly elections.

CAL81 BH-POLLS-3RD LD MODI (5.49 PM)

Record turnout shows Bihar's trust in Modi-Nitish track record; Cong finding excuses for defeat: PM Aurangabad/Bhabhua (Bihar): Prime Minister Narendra Modi on Friday asserted that the record turnout in the first phase of Bihar assembly polls was proof that people have reposed their trust in the "track record of Narendra and Nitish".

MDS28 KL-METRO-CM (8.58 PM)

Kerala CM approves phase-I alignment of Thiruvananthapuram Metro Rail project Thiruvananthapuram: Kerala Chief Minister Pinarayi Vijayan has approved the first phase alignment of the Thiruvananthapuram Metro Rail project, the government said on Friday.

MDS25 TN-SIR-CM (7.55 PM)

'SIR must be monitored, vote theft must not be allowed in Tamil Nadu,' says TN CM Chennai: Chief Minister M K Stalin on Friday said the SIR exercise must be monitored and a situation of "vote theft" must not be allowed in Tamil Nadu and that "prevention" must be the duty.

LEGAL LGD53 SC-STRAY DOGS-HIGHWAYS (8.50 PM)

SC directs authorities to ensure removal of stray animals from highways, expressways New Delhi: The Supreme Court on Friday directed removal of all cattle and other stray animals from highways and expressways, stating that their uncontrolled presence poses a serious and avoidable threat, particularly at night and in high-speed zones.

LGD49 UP-COURT-SOMNATH BHARTI (8.25 PM)

Ex-Delhi law minister Somnath Bharti declared 'absconder' by court in 2021 case Rae Bareli (UP): An MP-MLA Court in Rae Bareli has declared former Delhi Law and Justice Minister Somnath Bharti an absconder for failing to appear before it in connection with a 2021 case.

LGD46 SC-RAPE VICTIM-COMPENSATION (7.59 PM)

SC directs trial courts to pass directions for compensating rape victims in appropriate cases New Delhi: The Supreme Court has directed the sessions courts and POCSO courts to pass directions under the law for compensation to victims of rape and sexual assault in appropriate cases.

LGD43 SC-CRICKETER-MAINTENANCE (7.19 PM)

SC issues notice to cricketer Mohammad Shami on wife's plea for higher maintenance New Delhi: The Supreme Court issued a notice to cricketer Mohammad Shami on Friday on a plea filed by his estranged wife, seeking enhancement of the interim maintenance granted to her and their minor daughter.

BUSINESS DEL62 BIZ-FOREX (5.24 PM)

Forex reserves drop USD 5.62 bn to USD 689.73 bn Mumbai: India's forex reserves dropped USD 5.623 billion to USD 689.733 billion for the week ended October 31, the Reserve Bank of India said on Friday.

DEL61 BIZ-GOLD-PRICE (5.24 PM)

Gold falls Rs 100 to Rs 1,24,600/10g; silver trades flat in Delhi markets New Delhi: Gold prices fell Rs 100 to Rs 1,24,600 per 10 grams in the national capital on Friday due to fresh selling by jewellers and stockists, according to the All India Sarafa Association.

FOREIGN FGN67 US-TRUMP-2NDLD INDIA (8.49 PM)

US President Trump says he could travel to India next year New York/Washington: US President Donald Trump said he could travel to India next year, emphasising that Prime Minister Narendra Modi “wants” him to visit while calling him a “great man” and a “friend”. By Yoshita Singh

FGN63 PAK-DEFENCE-COMMANDER (7.20 PM)

Pakistan plans new position of 'Commander of Defence Forces' as part of defence reforms Islamabad: Pakistan plans to create a new position of the "Commander of Defence Forces" (CDF), as part of key defence reforms to ensure greater coordination and unified command among the three services, a media report said on Friday.

PTI AMJ AMJ

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