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    CCI imposes penalty on HP India and its certain resellers for indulging in anti-competitive practices in supply of Supplies products
    CCI imposes penalty on HP India and its certain resellers for indulging in anti-competitive practices in supply of personal system products
    China's exports surge 27% from year earlier as AI boom drives strong demand
    ED attaches over Rs 50 cr in assets in crypto 'fraud' case
    Framework deal is ready, to be signed at right time: Comm Secy on India-US trade pact
    US citizen found guilty of helping export tech to Iran in violation of sanctions
    SC upholds SEBI action against Kotak AMC, says compliance with securities regulations mandatory
    Rupee falls 30 paise to close at 95.68 against US dollar
    'Coal scam': Delhi court dismisses ED case against ex-MP Vijay Darda, son Devendra, others
    Court rejects bail plea of Jammu-based editor accused of impersonating PMO officer, cheating people
    TMC's Mamata Banerjee faction moves HC seeking permission to operate bank accounts frozen by ED
    ED conducts raids in 'work-from-home scam' case
    21 pc YoY rise in engineering exports in June shows sector''s resilience amid global challenges: EEPC
    NABARD key partner in rural infra development: Rajasthan chief secretary
    Retail inflation rises to 4.38 pc in Jun, surpasses RBI's median target level
    Coal scam: Delhi court dismisses ED case against ex-MP Vijay Darda, son Devendra Darda, others
    India's exports rise 15.5 pc in Jun, trade deficit widens to five-month high
    FM calls for enhanced NRI outreach to sustain foreign currency mobilisation momentum
    Framework deal is ready, to be signed at right time: Official on India-US trade pact
    The cumulative exports (merchandise & services) during April-June 2026-27 is estimated at US$ 232.73 Billion, as compared to US$ 208.98 Billion in Apr...
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    July 14, 2026
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    Reseller cover bids and coordinated supplies sales treated as cartelisation, with penalties and cease-and-desist directions imposed
    The Competition Commission of India addressed cartelisation in the sale and supply of toner, cartridges and other consumables used with print hardware products. Sixteen Tier-2 resellers were identified as having sought and submitted support or cover bids, contrary to Sections 3(3)(d) read with Section 3(1) of the Competition Act, 2002. HP India was identified as playing a central role in the arrangement. Monetary penalties were imposed on HP India, the resellers and relevant officials under Section 48, together with directions to cease and desist from the anti-competitive conduct.
    July 14, 2026
    Show AI Summary
    Bid-price coordination and tender-participation manipulation in personal system products attract competition-law penalties and cease-and-desist directions.
    HP India and five resellers were found to have engaged in cartelisation in the sale and supply of personal system products. The conduct included dictating bid prices and manipulating reseller participation in GeM tenders by withholding authorisation. The conduct was treated as contravening Sections 3(3)(d) read with Section 3(1) of the Competition Act, 2002. The resellers were found to have acted in collusion with HP India, while officials were treated as liable under Section 48. Penalties and cease-and-desist directions were imposed under the Act.
    July 14, 2026
    Show AI Summary
    Export Growth Driven by AI Demand as Technology Products, Semiconductors, and Electric Vehicles Lift China's June Trade Performance
    China's exports increased sharply in June, driven by strong external demand associated with the expansion of artificial intelligence. Exports of electric vehicles, semiconductors, and related technology products expanded significantly, while imports also recorded substantial year-on-year growth. Strong export manufacturing helped offset weakness in domestic demand.
    July 13, 2026
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    Cryptocurrency investment fraud allegations trigger PMLA provisional attachment of bank deposits, flats, and commercial shops linked to diverted funds.
    The Enforcement Directorate reported a money-laundering investigation into an alleged cryptocurrency fraud involving ATC Coin. It alleged that investors were induced to contribute funds through assurances of high and assured returns, and that the collections were deposited with Jewria Services Club India before being diverted through accounts of the accused and associated entities. Under the Prevention of Money Laundering Act, bank deposits and Mumbai properties comprising residential flats and commercial shops were provisionally attached.
    July 13, 2026
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    Preferential market access anchors India-US trade negotiations as tariff investigations and bilateral commitments remain under discussion
    India and the United States are progressing negotiations on a framework deal and a bilateral trade agreement focused on preferential market access and comparative tariff advantages. India is engaging with the USTR on Section 301 investigations concerning forced labour and excess industrial capacity. The forced-labour investigation has proposed an additional tariff on imports from India, but the measure remains unfinalised. India has urged resolution through bilateral negotiations rather than unilateral measures. The excess-capacity investigation remains pending, and the eventual trade agreement is expected to address relevant aspects of the bilateral trade relationship, including tariff treatment, market access, and investigation-related issues.
    July 13, 2026
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    Export-control sanctions prohibit routing electronic components to Iran through intermediaries, with conspiracy liability turning on knowledge and assistance.
    US export-control sanctions prohibit the unlawful export of electronic components to Iran through intermediaries or front companies. The reported prosecution concerned allegations that an employee conspired with an Iranian business associate to obtain components for a Tehran-based company whose technology had potential military applications. Prosecutors relied on documents, text messages, photographs, and communications said to show knowledge and assistance, while the defence disputed procurement, the Swiss company's characterization as a front, and proof that components reached Iran. Evidence concerning a specific drone attack was limited to general evidence about the Iranian company and potential military applications.
    July 13, 2026
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    Mandatory securities compliance governs mutual fund redemptions, investor consent, disclosures, due diligence, and trustee responsibilities
    Compliance with securities regulations is presented as mandatory regardless of whether investors ultimately incur losses or receive benefits. Close-ended mutual fund schemes must be redeemed at maturity unless formally rolled over with informed written investor consent and prior disclosure to SEBI. The reported issues also include inadequate due diligence regarding issuers' financial condition, excessive reliance on pledged collateral, delayed disclosures to investors and SEBI, and the trustee company's failure to independently assess regulatory compliance and unitholder interests.
    July 13, 2026
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    Rupee weakness reflects geopolitical risk, crude prices, capital outflows, rising inflation, and widening trade pressures on India
    The Indian rupee weakened against the US dollar amid heightened US-Iran tensions, elevated crude oil prices, a stronger dollar and foreign capital outflows. Pressure on the domestic currency was linked to concerns over India's import bill and risk aversion in global markets, while domestic market recovery and some moderation in crude prices limited the decline. Retail inflation rose above the central bank's four per cent target, and the merchandise trade deficit widened as imports, particularly crude-related imports, increased despite stronger exports.
    July 13, 2026
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    Predicate-offence acquittal removes the foundation for money-laundering proceedings arising from alleged coal-block allocation irregularities
    Money-laundering proceedings under the Prevention of Money Laundering Act depend on the existence of a scheduled offence and identifiable proceeds of crime. Although money laundering is an independent offence, its prosecution cannot survive when the predicate offence forming its foundation has ended in acquittal. The basis for treating property or transactions as proceeds of crime is then removed, making continuation of proceedings for money laundering and company-related liability under the PMLA legally unsustainable. Proceedings may be reopened if the acquittal is later set aside or materially varied.
    July 13, 2026
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    PMLA bail requires satisfaction of twin statutory conditions amid allegations of impersonation, cheating, and suspected money laundering
    The reported bail proceedings concerned the twin conditions under Section 45 of the Prevention of Money Laundering Act: reasonable grounds to believe that the accused was not guilty and assurance that he would not commit an offence while on bail. The prosecution also raised concerns regarding possible evidence tampering, witness intimidation, and repetition of similar conduct. The accused relied on a serious heart ailment and constitutional protection against punitive pre-trial detention, while the reported order noted his medical stability in custody and that the investigation complaint had not yet been filed.
    July 13, 2026
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    Frozen political party accounts raise questions on representative authority, Election Commission recognition, and preventing money laundering during investigation
    Permission to operate three Trinamool Congress bank accounts frozen by the Enforcement Directorate was sought before the Calcutta High Court in connection with a probe into alleged dishonest financial dealings, unlawful collection of money, and routing of suspected funds through specified accounts. The Enforcement Directorate challenged the petition's maintainability, asserting that the filers lacked authority and had not disclosed an ex parte civil court order. The petitioners relied on the party constitution and the Election Commission's jurisdiction over recognition of political parties, while the Enforcement Directorate maintained that releasing the funds would undermine the prevention of money laundering.
    July 13, 2026
    Show AI Summary
    Fake investment and work-from-home scams: laundering through mule accounts, shell entities and crypto wallets prompts asset seizures
    Money laundering investigations under the Prevention of Money Laundering Act concern alleged fake online investment and work-from-home scams involving promises of lucrative returns and commissions. Funds transferred by victims were allegedly layered through mule bank accounts and shell entities, converted into cryptocurrency, and moved through multiple crypto wallets to conceal their origin and ownership. Searches were conducted at multiple locations, with cryptocurrency and cash seized and multiple bank accounts frozen under the PMLA.
    July 13, 2026
    Show AI Summary
    Engineering export growth reflects market diversification, trade agreements, and rising global competitiveness despite persistent international uncertainty
    India's engineering goods exports increased by nearly 21 per cent year-on-year in June, rising to USD 11.48 billion. Cumulative exports during April-June of the 2026-27 fiscal reached an estimated USD 34.14 billion, reflecting 18 per cent growth over the corresponding period of the previous year. The reported export performance was attributed to free trade agreements with key partner countries, diversification of products and markets, and the increasing global competitiveness of Indian engineering products despite continuing global uncertainty.
    July 13, 2026
    Show AI Summary
    Rural infrastructure development through NABARD strengthens farmer support, women's financial inclusion, and climate-resilient agriculture in Rajasthan
    NABARD is presented as a key partner in Rajasthan's rural infrastructure and agricultural development. Its initiatives support small and marginal farmers through Kisan Credit Cards, farmers' clubs and Farmer Producer Organisations, while the Self-Help Group-Bank Linkage Programme promotes financial inclusion among rural women. NABARD also supports climate-change resilience, honours rural development institutions and artisans, and provides grants for projects promoting climate-resilient agriculture.
    July 13, 2026
    Show AI Summary
    Retail inflation rises above target as food and fuel pressures challenge monetary policy outlook ahead of August review
    Retail inflation based on the Consumer Price Index increased to 4.38 per cent in June from 3.93 per cent in May, exceeding the Reserve Bank's median target of 4 per cent. Food inflation rose to 5.32 per cent. The Reserve Bank's framework seeks to maintain CPI inflation at 4 per cent within a tolerance band of 2 per cent on either side. The Reserve Bank retained the benchmark policy rate at its June meeting but raised its inflation forecast for 2026-27, citing higher input costs and global energy price transmission to domestic fuel prices. Economic assessments anticipated further inflationary pressure while generally expecting the policy rate to remain unchanged at the forthcoming review.
    July 13, 2026
    Show AI Summary
    Money laundering proceedings fail when acquittal in the scheduled offence removes the basis for alleging proceeds of crime.
    Money laundering proceedings arising from the Bander coal block allocation were terminated because the underlying predicate offences had already ended in acquittal. The central legal point reported is that, while money laundering under the Prevention of Money Laundering Act is a distinct offence, its survival depends on the continued existence of the scheduled offence and proceeds of crime. Once acquittal in the scheduled offence removed that foundation, the complaint under Section 3 read with Section 70, punishable under Section 4, was dropped and dismissed.
    July 13, 2026
    Show AI Summary
    Trade deficit expansion accompanies export growth as higher crude oil, electronics, machinery and gold imports outpace merchandise export gains.
    June trade data shows export growth alongside a wider merchandise trade deficit because imports increased faster than exports. The higher import bill was driven mainly by crude oil, with electronics, machinery and gold also adding to import pressure. April to June figures reflect the same trend, with cumulative imports outpacing export growth and enlarging the merchandise trade gap. Export strength was reported in sectors such as electronics, iron ore, handicrafts, meat and dairy products, while services trade estimates for June indicate a surplus as services exports exceeded services imports.
    July 13, 2026
    Show AI Summary
    Foreign currency mobilisation gains momentum through FCNR(B) deposits, ECBs and OFCBs, backed by NRI outreach and swap facilities.
    Foreign currency mobilisation under the FEMA / RBI framework is being driven through FCNR(B) deposits, ECBs and OFCBs, with banks directed to strengthen NRI outreach, offer innovative deposit products and sustain mobilisation during the scheme period. Attractive returns on fresh FCNR(B) deposits, supported by suspension of the interest rate ceiling, customised digital outreach, use of International Banking Units at GIFT City, central bank support, and real-time reporting are presented as key implementation mechanisms. The scheme combines a US dollar-rupee swap facility for fresh FCNR(B) deposits with a concessional swap facility for eligible ECBs and OFCBs to support capital inflows and the balance of payments.
    July 13, 2026
    Show AI Summary
    Trade pact negotiations advance as India and the US align a framework deal with wider tariff and market access discussions.
    India-US trade negotiations are advancing through a framework deal and a bilateral trade agreement, with discussions focused on preferential market access and India's effort to obtain comparative tariff advantage over competitor nations. The framework arrangement is stated to be ready for signature at the appropriate stage, while the broader agreement remains under negotiation. India is also engaging with Section 301 investigations on forced labour and excess industrial capacity; proposed additional tariffs affecting multiple economies, including India, have not yet been finalised.
    July 13, 2026
    Show AI Summary
    Foreign trade growth data shows rising exports, higher imports, and a wider trade deficit across merchandise and services segments.
    Combined merchandise and services trade data for June 2026 and April-June 2026-27 records export growth together with stronger import growth and a wider trade deficit. Merchandise exports, non-petroleum exports, and trade excluding petroleum and gems and jewellery all show increases, while services exports and imports are also estimated to have risen. Major merchandise export growth drivers identified for June 2026 include gems and jewellery, engineering goods, organic and inorganic chemicals, electronic goods, and rice. The services figures for June 2026 are expressly stated to be estimates based on the latest available central bank data.

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      Users are free to delete it, if they wish: Scindia as privacy row erupts on Sanchar Saathi directive

      December 2, 2025

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      New Delhi, Dec 2 (PTI) As a government order to manufacturers to preload a state-run cybersecurity app, Sanchar Saathi, on all phones kicked up a privacy row, Communications Minister Jyotiraditya Scindia on Tuesday appeared to soften the stance, saying users are free to delete it if they so wish, and that it will remain inactive till they register on it.

      The November 28 order from his ministry directed smartphone makers to pre-install the app on all new devices and push it through updates on older ones. Many opposition leaders and critics saw it as a snooping attempt, as they felt the app could listen to calls and monitor messages.

      Some phone makers, such as Apple, were reportedly opposed to the mandate. Sources said Apple would discuss the issue with the government and work out a middle path, as the order cannot be implemented in its current form.

      Scindia stepped in to diffuse the crisis and denied allegations that it was an app for snooping.

      "If you want to delete it, then delete it," Scindia told reporters outside Parliament.

      "But not everyone in the country knows that this app exists to protect them from fraud and theft." While the November 28 order stated that the makers have to ensure that the functionalities of the app are not "disabled or restricted", it wasn't immediately clear if the app will be embedded in the operating software or is proposed to be a secondary one.

      Tech experts said any app, if embedded in the operating system, cannot be deleted by users. Some secondary apps, while not being visible on the home screen, may continue to run in the background.

      Some experts point out that the Sanchar Saathi app, like most other apps, seeks access to call logs, phone camera, notifications, phone dialer app, and SMS.

      The move mimics a similar mandate issued by Russia in August, requiring a state-backed messaging app MAX to be pre-installed on all smartphones.

      Denying the Opposition's charges, Scindia asserted that there was no snooping or call monitoring through the app.

      "It is our responsibility to make this app reach everyone. If you want to delete it, then delete it. If you don't want to use it, then don't register it. If you register it, then it will remain active. If you don't register it, then it will remain inactive," he said.

      Minister of State for Communications Chandra Sekhar Pemmasani on Tuesday said that Sanchar Saathi app-related matters have been discussed with all mobile phone players in a working group, except Apple, as it did not participate in it.

      The minister told PTI that the Sanchar Saathi app is like any other app, which can be activated and deleted by consumers, and it is meant to ease reporting of online fraud and trace lost mobile phones, among others.

      An industry source said that Apple will discuss the order on Sanchar Saathi app installation and work out a middle path with the government.

      The company may not be able to implement the order in the current form, according to sources.

      The government maintains that the app is crucial to counter "serious endangerment" to telecom cybersecurity from duplicate or spoofed IMEI numbers, which enable scams and network misuse.

      IMEI or International Mobile Equipment Identity is a 14 to 17-digit number, unique to each handset, which is used to cut off network access for phones reported to have been stolen.

      "Everyone must have the right to privacy to send messages to family and friends without the government looking at everything," Congress General Secretary Priyanka Gandhi Vadra said, criticising the mandate for installing the app.

      As per the direction issued, all mobile phone companies are required to report compliance to the DoT within 120 days.

      Earlier in the day, Congress leaders criticised the order of the DoT to mandatorily install the Sanchar Saathi App in all mobile phones.

      Congress MP Renuka Chowdhury filed an adjournment motion notice in the Rajya Sabha, seeking suspension of business to discuss the government's latest directions on the Sanchar Saathi app.

      Congress General Secretary KC Venugopal had said on Monday that the right to privacy is an intrinsic part of the fundamental right to life and liberty.

      Scindia pointed out that the Opposition is just trying to find an issue out of nowhere and countered the allegation that it was an app for snooping.

      "This is a step towards public participation. In this, people should not object; people should welcome. On the basis of this, when you buy a mobile phone, on the basis of that, whether the IMEI number is fake or genuine, you can recognise it on the basis of the Sanchar Saathi app," the minister said.

      He said there have been more than 1.5 crore downloads of the Sanchar Saathi App. The minister said that to date, approximately 2.75 crore fraudulent mobile connections have been disconnected, and approximately 20 lakh stolen phones have been traced on the basis of public participation through Sanchar Saathi.

      The minister said approximately 7.5 lakh stolen phones have been returned to the user, and approximately 21 lakh phones have been disconnected on the basis of user recognition and reporting.

      He further said that on one side, the power of telecommunications is connecting citizens, and on the other side, there are forces who are misusing its power to commit fraud, steal money and mobile phones. The minister asserted that the app is meant to protect customers.

      "If an app is embedded in the operating system, then it cannot be deleted by users. Some apps that masquerade themselves as system app, even if deleted, can continue to run in the background. The Sanchar Saathi app, like most other apps, seeks user access to call logs, sms, phone camera and notifications. After a clarification from the Union Telecom Minister, we are yet to see any amended order to clarify that the app can be deleted," technology industry expert and Techshots CEO Akhilesh Shukla said.

      CUTS International, Director for Research, Amol Kulkarni, said, despite good intentions, the mandate to pre-install the Sanchar Saathi app on mobile handsets without any prior public consultation raises key concerns regarding expectations from citizens to blindly trust the government without questioning, and the inability of the government to suggest superior privacy-enhancing and choice-respecting alternatives.

      "There is no clarity on what happens if it is realised that Sanchaar Saathi collects more data than necessary, in violation of purpose limitation requirements of the Digital Personal Data Protection Act, many provisions of which are not applicable to the government," Kulkarni said. PTI PRS MBI ANZ CS MBI BAL BAL

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