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August 12, 2026
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Identity document forgery allegations prompt investigation into fraudulent Aadhaar updates and falsified government and educational certificates.
Alleged forgery and misuse of identity-related records are under investigation following operations at Aadhaar centres. Seized materials reportedly include forged birth, educational, residence, caste and citizenship certificates, records bearing forged signatures and seals, and equipment used for Aadhaar updates. Four persons were arrested in two operations for allegedly preparing forged records and using them to update Aadhaar cards. Cases have been registered under relevant provisions of the Bharatiya Nyay Sanhita, with investigation continuing into the extent of the alleged network.
August 12, 2026
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Holding-company governance succession follows leadership departure, requiring transition planning amid unresolved strategy, capital allocation, board representation and listing questions.
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August 12, 2026
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Interest-rate regulation for loans and advances proposes harmonised fixed and floating loan-pricing principles across regulated entities.
Interest-rate regulation for loans and advances is proposed to be harmonised across all regulated entities through a principles-based framework for fixed-rate and floating-rate loans. The framework would be calibrated to each entity's nature, complexity and scale, while supporting monetary policy transmission, credit-risk-based pricing, and fair, non-discriminatory borrower treatment. It addresses divergent commercial-bank practices in determining the marginal cost of funds-based lending rate and its components, alongside limited regulatory coverage of fixed-rate loans. Separate final directions are intended for each category of regulated entity after consideration of feedback.
August 12, 2026
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Elevated crude oil prices and Tata leadership transition drove broad equity market selling amid inflation concerns.
Indian equity markets declined amid elevated crude oil prices, inflation concerns and broad risk-off selling. Tata Group shares, particularly TCS, came under pressure after N. Chandrasekaran announced that he would not seek reappointment as Tata Sons Chairman when his current term ends. Crude oil prices approaching the USD 90-per-barrel level affected investor confidence because of potential inflationary effects, while uncertainty over United States-Iran negotiations and Strait of Hormuz shipping disruptions added to global energy market concerns.
August 12, 2026
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Trade sovereignty and energy security underpin calls to resist tariff pressure and protect sensitive sectors in bilateral negotiations.
Trade sovereignty and energy security are advanced as grounds for resisting tariff pressure linked to Indian purchases of Russian crude. Bilateral trade negotiations should proceed through equality, reciprocity and mutual respect without compromising agriculture, dairy, energy security or strategic autonomy. Concerns are also raised over removal of e-commerce inventory restrictions for foreign direct investment and over proposed Merchant Discount Rate charges on UPI transactions. Withdrawal of the inventory measure and opposition to payment-provider charges are urged, alongside possible restrictions on United States technology and social-media companies and consumer boycotts of American goods and services.
August 12, 2026
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Fair trading practices and circular production are promoted to strengthen Make in India and expand global market participation.
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August 12, 2026
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Private capital mobilisation requires credible long-term frameworks, risk-sharing mechanisms, and multilateral partnerships to strengthen infrastructure investment.
Private capital mobilisation in infrastructure and development finance depends on credible long-term frameworks, investor confidence, project bankability, and balanced risk allocation. Public capital is intended to catalyse rather than replace private investment. Key financing mechanisms include Viability Gap Funding, the Hybrid Annuity Model, credit enhancement, and Infrastructure Investment Trusts. Long-term investment visibility and coordinated connectivity are supported through the National Infrastructure Pipeline and PM Gati Shakti framework, alongside investment measures for freight, rail, waterways, and coastal cargo.
August 12, 2026
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August 12, 2026
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August 12, 2026
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August 12, 2026
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August 11, 2026
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August 11, 2026
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GST inquiry closure bribery allegations prompted anti-corruption proceedings against a Sales Tax officer under corruption law.
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August 11, 2026
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Vicarious liability in cheque dishonour cases cannot attach to trust associates without statutory status or transaction-specific involvement.
Vicarious criminal liability for cheque dishonour under section 141 of the Negotiable Instruments Act does not extend to a trust, because a trust is not a juristic person. A person cannot be summoned merely for alleged active involvement in a trust where the person was neither drawer nor signatory of the cheques, trustee, office-bearer, authorised account operator, guarantor, or executor of transaction documents.
August 11, 2026
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Cross-border payment integration through CBDCs and fast payment systems remains under BRICS discussion to reduce transfer costs.
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August 11, 2026
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August 11, 2026
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Customs & Trade

India should not be dumping rice into US market; will take care of it: President Trump

December 9, 2025

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New York/Washington, Dec 9 (PTI) US President Donald Trump has said that India should not be "dumping" rice into the United States market and he will "take care" of it, while stressing that tariffs will solve the "problem" easily.

Trump held a roundtable in the White House on Monday with representatives of the farming and agriculture sector as well as key members of his cabinet, including Treasury Secretary Scott Bessent and Agriculture Secretary Brooke Rollins.

He announced USD 12 billion in federal aid for farmers.

Meryl Kennedy, who runs her family's agribusiness Kennedy Rice Mill in Louisiana, told Trump that rice producers in the southern part of the country are "really struggling' and that other nations are "dumping" rice into the US.

When asked by Trump which countries are dumping rice into America, Kennedy, sitting next to the President, replied, "India, and Thailand; even China into Puerto Rico. Puerto Rico used to be one of the largest markets for US rice. We haven't shipped rice into Puerto Rico in years." Kennedy said that this has been happening for years and did not start during the Trump administration. "But unfortunately, we're seeing it in a much bigger way now," she said.

She said that tariffs imposed by the Trump administration are working, “but we need to double down”, to which Trump said, "You want more, I understand".

Trump then turned to Bessent and said, “India, tell me about India. Why is India allowed to do that? They have to pay tariffs. Do they have an exemption on rice?” "No sir, we're still working on their trade deal," Bessent replied.

Trump then said, "But they shouldn’t be dumping. I mean, I heard that. I heard that from others. They can’t do that." Kennedy then told Trump there's a World Trade Organisation case against India.

Trump asked Kennedy to give him the names of the countries dumping rice into the US and instructed Bessent to note down the names. "India. Who else?" Trump said.

"India, Thailand, China into Puerto Rico, not into the continental US, but into Puerto Rico. Those are the main culprits," Kennedy said, adding that American farmers can feed the US as well as nations around the world, but "we need fair trade, not free trade".

Trump said this will be “so easy to settle”.

"It's solved so quickly with tariffs to these countries that are illegally shipping. It's solved. Your problem is solved in one day. That's why we have to win the Supreme Court case," he said, adding that this problem will be solved in “one day”.

Lower courts in the US have ruled that Trump's use of emergency powers to impose tariffs on nations around the world is illegal, and the case will now be decided by the Supreme Court.

"It's so unfair. They go out of business. They put everyone out of business," Trump said.

Trump said that America lost half of its car industry and chip industry because these products were being manufactured in other countries, and previous administrations did not impose tariffs on these imports into the US.

"It's the same thing with rice. It'll be good, will get it solved very quickly. We just need the countries. Just give us the names of the countries. Tariffs, again. It solves the problem in two minutes," the president said.

Kennedy then said that they have "bought" the largest brands at retail, too, so they have an incentive to subsidise their products. When Trump asked, "Who did that?" she said, "Indians".

"We'll take care of it. It’s so easy," Trump said.

India is the largest producer of rice -- 150 million tonnes -- and has a 28 per cent share of the global market. It is also the top exporter, with a 30.3 per cent share of global exports in 2024–2025, Indian Rice Exporters Federation (IREF) data shows.

According to information on the website of the India Brand Equity Foundation (IBEF), India exported about 2.34 lakh tonnes of rice to the US in the 2024 fiscal, less than 5 per cent of its total global basmati rice exports of 52.4 lakh tonnes.

West Asia remains the dominant destination for Indian rice, it said.

Among the rice varieties that India exports globally, 'Sona Masoori' is preferred in markets such as the US and Australia.

Trump has imposed a 50 per cent tariff on India, the highest in the world, including 25 per cent for Delhi's purchases of Russian oil.

Indian Rice Exporters Federation National President Prem Garg had termed the 25 per cent reciprocal tariff as a temporary "hurdle" for rice shipments and had stated that India still retains a pricing advantage over competitors like Vietnam and Pakistan.

"This tariff is a temporary hurdle, not a long-term roadblock. With strategic planning, diversification, and flexibility, Indian rice exporters can protect and even expand their presence in the US market," Garg had said earlier this year. PTI YAS NSD NSD

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