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    Union Minister of Commerce and Industry Shri Piyush Goyal Calls for Fair Trading Practices and Taking ‘Make in India’ from Local to Global
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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.
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    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.
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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.
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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.
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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.
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    Direct tax collections show stronger corporate, non-corporate and securities transaction tax receipts, alongside increased refunds during the fiscal period.
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    Mobile food testing laboratory accreditation expands quality-assured testing access and supports coordinated food-safety surveillance and regulatory efficiency.
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    Digital public procurement will expand AI-led price intelligence, marketplace integrity, inclusive access, credit linkages and sustainable purchasing.
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    Expedited flood insurance claims require insurers and partners to simplify documentation and provide immediate service to affected policyholders.
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    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.

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      Pope Leo XIV's visit highlights Christian resilience in Lebanon despite regional turmoil

      December 1, 2025

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      Beirut, Dec 1 (AP) Over the past few decades, hundreds of thousands of Christians have left parts of the Middle East for good, driven by wars and the rise of Muslim extremists.

      In Lebanon, it has been different. Despite the many crises that have battered the small nation, Christians continue to enjoy religious freedom and significant political influence.

      Pope Leo XIV's visit to Lebanon over the weekend is a recognition of the importance of Lebanon's religious pluralism and a message to Christians not to abandon the region.

      In Iraq, large numbers of Christians fled after the US-led invasion in 2003 and the rise of the Islamic State group that followed. A decade later, in 2014, IS declared a caliphate in large parts of Iraq and Syria leading to an exodus by Christians as well as followers of other religions.

      IS blew up churches in areas they once controlled in Syria and Iraq and confiscated many Christians' property.

      A recent church bombing in Damascus this year made some Christians who stayed in Syria consider leaving. Many Christians in Syria have been concerned about the direction of the country's new government under interim President Ahmad al-Sharaa, former leader of the Islamist insurgent group Hayat Tahrir al-Sham.

      In Lebanon, despite others emigrating, many Christians who remain cling to their ancestral homeland and refuse to leave.

      The country's sectarian power-sharing system is prone to deadlock and has been criticised by reformists who want a secular state, but it has also ensured that minorities are not marginalised.

      “More than half the advantage comes from Lebanon's political system when it comes to Christians,” said Catholic priest Monsignor Abdo Abou Kassm who is the director of the Catholic Centre for Information.

      “There is a democratic system where people can express their opinions freely without getting killed, oppressed or sent to exile,” said Abou Kassm. “You can live freely with dignity in Lebanon.” Synthia Khoury, 25, a business graduate from Syria who joined a delegation heading to Lebanon to see the Pope, said that after the takeover of power in her country by an Islamist-led government last year, Christians in the war-torn country were worried that they would not be able to practice their religious freely, although so far this has not turned out to be the case.

      “We know that the conditions of Christians in Lebanon are somewhat better than ours, but we also know that they passed through many wars,” Khoury said adding that despite the hardships Lebanese Christians had faced, “they did not leave and stayed in their country and preserved their customs and traditions, and this is beautiful.” Deeply rooted since the early days of the faith, Christians in present-day Lebanon have survived wars and genocide over the past two millennia.

      For many years, Christian monastic communities lived in caves in the rugged mountains to protect their faith and avoid persecution. Since the establishment of the State of Greater Lebanon in 1920 following World War I, Christians have played an instrumental role in shaping the country's politics and economy.

      Today, Christians make up around a third of Lebanon's 5 million people, giving the small nation on the eastern coast of the Mediterranean the largest percentage of Christians in the Middle East.

      Lebanon is home to 18 different religious sects, of which more than half are Christians. Maronite Catholics are the largest Christian group, followed by the Greek Orthodox.

      Christians have a presence in most parts of Lebanon, from the south in villages bordering Israel to areas along Syria's border in the north and east as well as the coast. Mount Lebanon, which remains the Christian heartland, is mentioned frequently in the Bible.

      Since Lebanon gained independence from France in 1943, a power sharing agreement has been in place in which the president is a Maronite, the parliament speaker is a Shiite Muslim and the prime minister is a Sunni Muslim.

      This makes Lebanon the only Arab country with a Christian head of state.

      “People can practice religion wherever they are, but the Lebanese identity is something that is sacred for us too,” says Christian legislator Camille Dory Chamoun, who heads the National Liberal Party. His late grandfather, Camille Chamoun, was the president of Lebanon in the 1950s.

      He is allied with the Christian Lebanese Forces Party that has 19 seats in the 128-member legislature.

      “Our Lebanese identity is as important as our Christian identity,” said Chamoun.

      Other senior posts held by Maronites are the army command as well as the head of the central bank. The deputy parliament speaker and deputy prime minister are posts allocated to the Greek Orthodox.

      The command of two of the country's four security agencies are also given to Christians, with a Maronite general heading the Army Intelligence while a Greek Orthodox heads State Security.

      Toward the end of the 1975-90 civil war in Lebanon that largely pitted Christians against Muslims, an agreement to end the war was reached in the Saudi city of Taif. Since then, seats in parliament and Cabinet have been equally divided between Christians and Muslims.

      Charles Hayek, a historian and researcher, says that the ties between Lebanon and the Vatican are old and deep, adding that there is a tradition that states that St Peter, the first Pope, established churches in Beirut, Byblos, Batroun and Tripoli, along Lebanon's coast.

      Hayek added that two men of Phoenician origin from what is now the port city of Tyre in south Lebanon were elected popes in Rome in the 8th century.

      "You have also unbroken correspondence especially between the Maronite Church, the local Catholic Church and the papacy since 1215,” Hayek said.

      Despite the civil war and sectarian strife in Lebanon, Muslims and Christians peacefully coexist today and followers of both religions accept one another as partners.

      “Christians in Lebanon and the east are a main part of the region,” says Khaldoun Oreimet, a Sunni Muslim cleric who heads the Islamic Centre for Studies and Information.

      “Christians are not (only) a community but an integral part of this land,” Oreimet said.

      The pope's visit to Lebanon comes a year after a US-brokered ceasefire ended the Israel-Hezbollah war that killed about 4,000 people and caused destruction worth billions of dollars.

      Despite the ceasefire, the country still faces almost daily Israeli airstrikes, including one in Beirut on Nov 23 that killed five members of the militant Hezbollah group and wounded 28 others.

      Many Christian politicians criticised Hezbollah for starting the war a day after the Hamas-led attack on southern Israel on Oct 7, 2023. The Iran-backed group had said for years that its weapons were only intended to defend Lebanon.

      Many Christians in Lebanon, including the head of the Maronite Church, Cardinal Bechara Rai, have called for Lebanon to be a neutral state, rather than an arena where regional and world powers settle their accounts.

      “God willing, Lebanon will begin to feel safer in the days ahead,” Chamoun said. “The most important thing is to stop these conflicts that are extremely harmful.” “We have seen their consequences, and we have seen that we are paying a very high price for other people's wars on our land,” he added. (AP) SCY SCY

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