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    ED freezes assets worth Rs 33 crore after raids against Gurugram realty group
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August 27, 2026
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Money-laundering investigation into alleged homebuyer fraud led to searches and freezing of assets linked to realty promoters.
Money-laundering proceedings were initiated under the Prevention of Money Laundering Act on the basis of police FIRs alleging fraudulent inducement and non-delivery of residential plots. Searches at premises linked to real estate promoters resulted in the seizure or freezing of luxury vehicles, jewellery, bank accounts and securities. The investigation alleges that substantial upfront payments for residential plots were received, but a significant portion of promised plots remained undelivered, and certain plots were allegedly sold to third parties without consent.
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August 27, 2026
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Basmati rice market access may be pursued through trade agreement review, subject to import limits and safety standards.
Market access for Indian basmati rice may be pursued through review of the Comprehensive Economic Partnership Agreement, as rice remains a sensitive sector subject to import quantity limits and duties beyond permitted quantities. Processed food exports offer further opportunities where exporters comply with Japanese quality and safety standards. Bilateral cooperation also covers investment, supply chains, technology partnerships and capital flows supporting infrastructure, manufacturing and semiconductor ecosystems.
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August 27, 2026
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Semiconductor investment cooperation anchors expanded India-Japan industrial partnerships across technology, manufacturing, clean energy, infrastructure, and financial services.
Semiconductor and artificial-intelligence cooperation centres on a six-pillar semiconductor strategy encompassing chip design, semiconductor machinery and materials, fabrication, ATMP/OSAT, research and development, and talent development. Japanese participation is sought across semiconductor materials and equipment, power semiconductors, electronics, AI, logistics and related advanced technologies. Development of semiconductor clusters is linked to reliable power, ultra-pure water, skilled manpower and social infrastructure.
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Financial inclusion through basic bank accounts enables direct welfare transfers, digital payments, insurance access and credit for excluded households.
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August 27, 2026
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August 27, 2026
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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.
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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.
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Preferential trade agreement exploration advances bilateral market access, pharmaceutical cooperation, investment partnerships, and diversified trade.
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August 26, 2026
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Hybrid cyber fraud exploits stolen smartphones and intercepted verification codes to compromise digital banking and payment accounts.
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CEPA review aims to expand bilateral trade engagement, address export barriers, and support regulatory registrations for exporters.
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August 26, 2026
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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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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.

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Customs & Trade

China's pressure on Japan is a familiar tactic that could last for some time

November 26, 2025

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Beijing, Nov 26 (AP) Just days after China issued an advisory against travelling to Japan, the cancellations started.

About 3,000 Chinese visit Rie Takeda's tearoom in an alley in Tokyo's historic Asakusa district every year. Some 200 have already cancelled bookings for her tea ceremony class, as far ahead as January.

"I just hope the Chinese tourists return by Chinese New Year," she said, referring to the major holiday period in February. Past experience suggests it may take longer than that.

China's government is turning to a well-used playbook to express its displeasure with Japan for refusing to retract a statement by its new prime minister on the hot-button issue of Taiwan.

As with its tariffs on Australian wines in 2020, and restrictions on Philippine banana imports in 2012, Beijing is using its economic clout to pressure Tokyo while also hurling a torrent of invective at its government. The only question is how far China will go and how long the measures will last.

"China's countermeasures are all kept secret and will be rolled out one by one," said Liu Jiangyong, an international relations professor at Tsinghua University in Beijing. "Everything is possible, because this involves the core of the nation's core interests." Disputes can drag on for more than a year China was angered by a statement of Japan's Prime Minister Sanae Takaichi earlier this month that its military could get involved if China were to take action against Taiwan, the self-governing island that Beijing says must come under its rule.

Japan is trying to keep the feud from escalating but has shown no sign of backing down. That dovetails with how some other governments have reacted to China's pressure: Stick to their positions and endure the pain, allowing the disputes to fester for a year or more.

"The diplomatic challenge for both sides is that they have their own domestic audiences and so they don't want to be perceived as backing down," said Sheila A Smith, a senior fellow at the Council on Foreign Relations and author of "Intimate Rivals," a book on Japan-China relations.

With several countries, the disputes persisted until a political change brought in a new leader unencumbered by the baggage of past statements.

Australia's trade with China has gradually returned to normal since Prime Minister Anthony Albanese's election in 2022 — the last step was the reopening of the lobster market. Canada is the latest country to start repairing relations under the new prime minister, Mark Carney.

The travel advisory starts to bite It's not the first time Japan has faced China's economic wrath. In 2012, protesters attacked Japanese businesses in China and boycotted their goods after a dispute erupted over a group of uninhabited islands that both countries claim. Group tours to Japan were cancelled.

Based on what happened then, when Chinese visitors fell by one-fourth, Nomura Research Institute economist Takahide Kiuchi has estimated the current travel advisory could cost Japan 1.8 trillion yen (USD 11.5 billion), knocking 0.3 percentage points off its already low annual economic growth.

Many group tours have been cancelled again, hitting businesses that rely on them. Gamagori Hotel in central Japan's Aichi prefecture said it had lost more than 2,000 guests. Nichu Syomu, a Japan-based tour company focusing on Chinese tourists, said 300 bookings have been cancelled, describing the loss as comparable to 2012.

China had been on track this year to displace South Korea and return to its pre-pandemic position as the top source of tourists to Japan. More than 8 million Chinese visited in the first 10 months of this year, or 23 per cent of the total, according to the Japan National Tourism Organization.

"It's a shame," Nichu Syomu tour operator Nana Enomoto said, noting Chinese tourism was just recovering.

Some Chinese tourists cancel. Others don't Kyren Zhu, who had never been to Japan, agonised over the decision. Her parents warned her against going. In the end, the accountant cancelled a trip with a friend to see the fall foliage. Her friend went ahead and told her nothing unusual had happened.

"If I'd known, I probably would have just gone," she said. "But it's hard to say. The situation is really beyond our control." Beijing resident Livia Du, who opened a ski lodge last year in northern Japan, received two cancellations — but they were quickly filled by other Chinese.

One customer told her that since China had taken a clear stance, he had to align with it. Another works at a government-owned company and said that staff had been instructed not to visit Japan in the near term.

Guests appear to be in wait-and-see mode, said Du, who quit her job and invested more than 2 million yuan (USD 280,000) with her husband to build the lodge in Hokkaido. She was worried the situation could get worse.

China warns it may take further steps The pressure appeared to extend into other sectors last week. The Chinese release of two Japanese movies was suddenly postponed — the comedy "Cells at Work!" and the animated feature "Crayon Shin-chan the Movie: Super Hot! The Spicy Kasukabe Dancers." A comedy festival in Shanghai cancelled shows by a Japanese entertainment company, while a book publishing editor said her boss had told her to suspend a project to import a Japanese comic book.

The prospects for seafood exports to China remained unclear, even after Tokyo denied news reports that Beijing had said it was reversing its decision to end a 2-year-old ban on Japanese seafood. (AP) VN VN

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