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    Sales Tax Assistant Commissioner arrested for demanding bribe of Rs 8 lakh
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    BRICS grouping discussing linking CBDCs, fast payment systems: RBI Guv Malhotra
    PM GatiShakti National Master Plan Enables Integrated and Coordinated Infrastructure Planning
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    Net direct tax collection grows 23 pc to Rs 8.11 lakh cr so far this fiscal
    National Accreditation Board for Testing and Calibration Laboratories Launches India’s First Accreditation Scheme for Mobile Food Testing Laboratori...
    Commerce and Industry Minister Shri Piyush Goyal awards top buyers and sellers on GEM platform at the 10th Anniversary celebrations of GEM
    PolicyBazaar working with partners to fast-track Assam flood insurance claims
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    Register FIR in cases of missing persons immediately, irrespective of age or gender: SC
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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.
    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.
    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.
    Cross-border payment integration is under discussion through potential linkages between central bank digital currencies and fast payment systems, including UPI-type platforms. These approaches seek faster and less costly trade and remittance transfers, particularly retail payments, but remain at a discussion stage. Rupee internationalisation is also being pursued through central-bank memorandums of understanding for bilateral trade settlement in local currencies, with existing arrangements covering Indonesia, Maldives, Mauritius and the UAE.
    August 11, 2026
    Show AI Summary
    Integrated infrastructure planning under PM GatiShakti coordinates project evaluation, multimodal connectivity, geospatial data use, and decentralized implementation.
    PM GatiShakti National Master Plan provides an integrated, data-driven infrastructure planning framework using geospatial data, satellite imagery and API integration. Project approval, implementation and funding remain with the respective Central Ministries, Departments and States or Union Territories under their own plans and budgetary provisions; the framework sets no separate budgetary allocation or quantified targets. The Network Planning Group evaluates critical Central Government projects at the planning stage for multimodality, synchronisation, last-mile connectivity, comprehensive local development and coordinated decision-making.
    August 11, 2026
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    MSME procurement through GeM has expanded alongside analytics-driven controls against suspicious bidding, collusion, and vendor misconduct.
    GeM uses AI/ML analytics to detect order splitting, suspicious bidding, abnormal pricing, repeated participation and potential buyer-seller collusion. Flagged cases are placed before buyer organisations for review and action, while suspected cartels are assessed through digital-footprint, pricing and bid-timing indicators. Its Incident Management framework addresses false documents, fraud, collusive behaviour and other misconduct through administrative measures, including suspension. Anti-competitive conduct and cartel formation are Severe/Grave deviations, with proven cases attracting suspension for up to 365 days.
    August 11, 2026
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    Direct tax collections show stronger corporate, non-corporate and securities transaction tax receipts, alongside increased refunds during the fiscal period.
    Net direct tax collections grew by 23.09 per cent to over Rs 8.11 lakh crore up to August 10 of the current fiscal year, while gross direct tax collections increased by 19.75 per cent to about Rs 9.55 lakh crore. Corporate tax, non-corporate tax including personal income tax, and Securities Transaction Tax receipts recorded growth. Refunds issued between April 1 and August 10 also rose over the corresponding earlier period. Direct tax collections are budgeted at Rs 26.97 lakh crore for the fiscal year.
    August 11, 2026
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    Mobile food testing laboratory accreditation expands quality-assured testing access and supports coordinated food-safety surveillance and regulatory efficiency.
    NABL has launched an Accreditation Scheme for Mobile Food Testing Laboratories under the Integrated Assessment Programme. The framework enables mobile laboratories to provide reliable, quality-assured and internationally benchmarked food-testing services closer to communities, extending accredited testing beyond conventional laboratory settings. It is intended to strengthen food-safety surveillance, improve access to quality testing, support faster regulatory intervention and enhance consumer confidence. Coordinated assessments, regulatory harmonisation and mutual recognition are also intended to reduce duplication and improve regulatory efficiency while maintaining quality and compliance standards.
    August 11, 2026
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    Digital public procurement will expand AI-led price intelligence, marketplace integrity, inclusive access, credit linkages and sustainable purchasing.
    Government e-Marketplace is advancing an AI-enabled public procurement ecosystem focused on efficiency, transparency, competition, price intelligence and marketplace integrity. Priorities include last-mile access through Suvidha Kendras, integration of public entities, credit linkages, sustainable procurement and university outreach. A nationwide five-digit Helpdesk short code, 14550, mapped to existing infrastructure, is intended to maintain service continuity and improve access to support and official communications. The platform seeks to provide enterprises with a more accessible and predictable procurement market and buyers with a data-driven procurement experience.
    August 11, 2026
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    Expedited flood insurance claims require insurers and partners to simplify documentation and provide immediate service to affected policyholders.
    Expedited insurance-claim handling for flood-affected policyholders in Assam is being pursued through simplified documentation, prompt settlement and immediate service response. PolicyBazaar is coordinating with insurer partners to reduce processing delays. The Insurance Regulatory and Development Authority of India has directed insurers, including life insurers and standalone health insurers, to mobilise resources for immediate assistance, alongside governmental efforts for expeditious and hassle-free claim disposal.
    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.
    August 11, 2026
    Show AI Summary
    Money-laundering investigation into an alleged liquor scam leads to arrest and proposed custodial interrogation under the prevention law.
    Money-laundering investigation under the Prevention of Money Laundering Act concerns an alleged liquor scam in Chhattisgarh. A former state political party treasurer has been arrested for alleged involvement and is to be produced before a local court for a request for custodial interrogation. The alleged scheme is stated to have involved control of the state excise department by a criminal syndicate, with multiple accused named in six chargesheets.
    August 11, 2026
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    Immediate FIR registration for every missing person is mandatory, with missing children treated as suspected kidnapping or abduction cases.
    Immediate FIR registration is required whenever information is received that any person is missing, irrespective of age or gender, without preliminary inquiry. Missing-person FIRs must include relevant provisions concerning kidnapping and trafficking. A missing child must be treated from the outset as a suspected case of kidnapping or abduction. States and Union Territories may face contempt action for non-compliance. Traced children should ordinarily be restored to their families within 24 hours unless trafficking or exploitation by the family is suspected.
    August 11, 2026
    Show AI Summary
    Money-laundering investigation targets alleged chit-fund collections, investor-fund diversion, concealed deposits, and irregular land transactions.
    Money-laundering investigation into an alleged multi-state chit-fund scheme involved searches at premises linked to Wellfare Buildings and Estates Pvt Ltd and its directors, seizure of cash, vehicles, property-related records and digital devices, and freezing of bank accounts. The alleged scheme concerns unauthorised public-fund collection through land-allotment schemes, followed by closure of operations. Allegations include diversion of investor funds, manipulation of financial statements to conceal deposits, and irregular land transactions intended to suppress actual consideration and evade statutory obligations.
    August 11, 2026
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    Rupee exchange-rate pressure intensified as crude oil, regional uncertainty and weaker equities constrained the local currency in early trade.
    Foreign-exchange market conditions placed the rupee under pressure against the US dollar amid West Asia uncertainty, higher crude oil prices, and weaker domestic equity markets. Foreign institutional investor inflows and Reserve Bank of India intervention supported the rupee and limited further depreciation. Reported dollar sales through state-run banks helped contain downside pressure despite rising Brent crude prices and uncertainty concerning the Strait of Hormuz.
    August 10, 2026
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    GST refund facilitation expands provisional input tax credit refunds and removes the minimum threshold for export-related IGST refunds.
    Punjab's GST amendments facilitate voluntary compliance and reduce procedural burdens by allowing a 90 per cent provisional input tax credit refund in inverted duty structure cases and removing the minimum threshold for IGST refunds on exported goods. Additional measures cap annual fee increases by private unaided educational institutions, establish digital open universities for technology-enabled higher education, protect trees and green cover, and address common infrastructure, panchayati raj, and contractual engagement of outsourced State personnel.
    August 10, 2026
    Show AI Summary
    Video-conference statements for an approver application were declined, requiring the accused's statement to be recorded before consideration.
    Special CBI Court rejected an accused's request to record her statement through video conferencing in a bank-fraud prosecution. The accused had sought to become an approver, and her statement was required to be recorded before consideration of that application. She and her husband had previously become approvers in a related money-laundering matter involving alleged fraudulent Letters of Undertaking.
    August 10, 2026
    Show AI Summary
    Fuel price transparency highlights allegations over excise duty, consumer retail costs, and profit disclosures by state-run oil marketing companies.
    Fuel pricing, central excise duty and profits of state-run oil marketing companies are examined through allegations that retail fuel prices and tax policy imposed excessive costs on consumers while generating substantial company profits. The criticism contrasts high crude-price periods with lower retail prices and lower excise duty against a later period in which reduced crude prices were allegedly not passed through to consumers. Profit-margin disclosure is also raised as a transparency issue, with parliamentary information described as covering oil prices, global crude prices and company profits.
    August 10, 2026
    Show AI Summary
    Discharge in money-laundering proceedings turns on whether pre-charge material sufficiently establishes the alleged offence.
    Discharge in a money-laundering prosecution was sought before a special PMLA court concerning alleged siphoning and laundering of loans advanced to Jet Airways by Canara Bank. The prosecution was directed to respond, subject to the applicant not seeking adjournment. Discharge is available after filing of a chargesheet and before framing of charges where the material before the court is insufficient to establish the alleged offence. The proceedings arise from a CBI FIR concerning alleged bank fraud involving Jet Airways and associated persons.
    August 10, 2026
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    High-speed rail indigenisation and infrastructure performance monitoring require skills development, comparative planning, measurable station assessments and freight-terminal dashboards.
    Parliamentary oversight calls for accelerated indigenisation of high-speed rail components, capacity-building through international expertise, and comparative study of successful high-speed rail systems for future corridors. Redeveloped stations should be assessed through measurable indicators concerning passenger use, accessibility, cleanliness, commercial occupancy, maintenance and feedback, with completed-project practices documented and shared. Operational cargo terminals and cargo-related facilities should be monitored through a digital dashboard covering utilisation, rake performance, mechanisation, connectivity, safety compliance and customer satisfaction.

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      Next Big Crypto to Explode: Why are DeepSnitch AI, Chainlink, and Mantle Investors’ Favorites in 2026?

      December 10, 2025

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      Chainlink is perhaps the most undervalued crypto now, despite having the largest number of use cases, partnerships, news, and a chart showing a potential breakout. So much is happening that it clearly seems poised to become the next big crypto to explode. However, for those looking for the next big crypto with explosive gains, DeepSnitch AI appears to have the greatest upside at the moment. It's an artificial intelligence project still in presale, with a bonus offer where you can earn 50% to 100% more tokens. While it just surpassed $720,000, and the token price has risen over 80%, investors aim for a potential 100x. SEC Chairman Paul Atkins predicts the RWA market could revolutionize Wall Street in the next years SEC Chairman Paul Atkins stated in an interview that the real asset tokenization market could revolutionize Wall Street in the coming years, making the sector more competitive, faster, and safer for investments. Atkins explained that combining electronic trading with blockchain technology could help bring greater predictability, reduced risk, and real-time settlements, eliminating gaps between execution and order delays. The US stock market is currently worth approximately $68 trillion, but only $670 million of that is tokenized as RWA, compared to $35 billion in RWA assets worldwide. This shows the upside potential for the RWA market in the US, but also exposes how the American market is lagging behind the rest of the world. The SEC now wants to create clear rules so that the US doesn't fall behind in innovation, so that it can soon take the lead in the RWA sector, and also lead the crypto market. DeepSnitch AI: A high-potential crypto to explode in 2026 Not only is the RWA sector expected to grow significantly in 2026, but according to recent reports from Bank of America, the artificial intelligence sector is projected to receive the most investment, potentially becoming the fastest-growing sector. This aligns with another report from Gartner, which states that the AI sector is expected to grow 25x by 2030. With this perspective, projects like DeepSnitch AI become the next big crypto to explode in 2026 because they are artificial intelligence projects with a live network and a platform with several AI agents operating. Their goal is to give all investors access to on-chain information and market reports that can provide sufficient data to help traders make better decisions. For a long time, only large funds and whales had access to super expensive tools and reports that gave them an advantage when trading and investing, helping them achieve better results. But now with DeepSnitch AI, everyone in the market, from small investors to big whales, will have access to the same tools and information, making the market fairer. The presale is breaking records and has already surpassed $720,000 in funding, aiming for $1M, while the team launched a bonus offer, and in the coming days, those who invest over $2,000 can earn 50% more tokens using the code DSNTVIP50. And those who invest over $5,000 can earn 100% more tokens using DSNTVIP100. https://youtu.be/I9e0heyoWkk?si=4xNXFXKu1QgqDKE0 Chainlink: The next big crypto preparing to explode! One of the biggest and most undervalued projects right now is Chainlink. There are many reasons to believe that this could be the next big crypto to explode. First, Chainlink's official account stated that "the future of AI is powered by Chainlink", following a partnership with the Codatta.io project, an AI layer that transforms human knowledge into on-chain data assets. Meanwhile, Mastercard executive Raj Dhamodharan stated that Chainlink is the "missing link" to unlocking the future of global payments. And from the perspective that the SEC believes the RWA market can revolutionize Wall Street, LINK could also be the one to provide the essential infrastructure for this to become a reality. It seems that everything revolves around LINK, while looking at the chart, the asset is going through the final stage of a five-year compression, with its RSI reset. Current resistance is at $25, but when a breakout happens, an explosive rally above $100 is expected. Mantle: A settlement hub for tokenized credit and equities If the SEC believes that the RWA market can revolutionize Wall Street, Mantle could be a key ally, providing the infrastructure for it. The project, by 2025, has strongly positioned itself as a hub for RWA, raising its TVL to over $2 billion, becoming a settlement center for tokenized credit and equities. While MNT is the governance and utility token of the Mantle Network (L2 on Ethereum), it also integrates with the Bybit exchange, offering discounts on trading fees, earn products (staking, liquidity mining), and more. In this sense, MNT is compared to BNB in the Binance/BNB Chain ecosystem. Looking at the chart, the token is approaching a critical support level at $1.10. This is a region that has been serving as an accumulation zone, and it's important not to lose this support. Although the trend is for MNT to continue accumulating in the coming weeks. With Bybit being one of the largest exchanges in the world, and the RWA market having a lot of upside potential for growth, Mantle has all the fundamentals to be the next big crypto to explode in 2026. Conclusion Chainlink is facing an upcoming breakout coin, but the fact that it's under five-year compression makes its breakout a big unknown. LINK could still accumulate for a long time. Mantle is trying to become a new hub for RWA, but judging by the chart, it's also in an accumulation zone. With this perspective, DeepSnitchAI seems like an investment with more potential, considering it's a presale. Investors can buy tokens at still-cheap prices for an artificial intelligence project within a sector expected to grow 25x by 2030. This could make DSNT grow reasonably 100x, making it the next big crypto to invest in for potentially explosive gains in 2026. Visit the official website for more information, and join X and Telegram for community updates FAQs 1. Why is DeepSnitch AI considered the next big crypto for 2026? DeepSnitch AI combines real-time AI agents and a fast-growing presale, making many analysts call it the next big crypto. Its tools give investors data usually reserved for whales, increasing its 100x potential. 2. What is the next cryptocurrency to boom in 2026? The next cryptocurrency to boom could be Chainlink, Mantle, or DeepSnitch AI, each driven by strong fundamentals. LINK leads in adoption, Mantle in RWA infrastructure, and DSNT in AI-powered trading. Comparing all three coins, DeepSnitch AI has more upside. 3. Why is Mantle considered one of the next big cryptos for 2026? Mantle is positioning itself as a major RWA settlement hub with over $2B TVL, and its integration with Bybit strengthens its utility. This infrastructure focus makes investors view it as a top potential for being the next big crypto. Disclaimer: Trading cryptocurrencies/digital assets carries a high level of risk, and may not be suitable for all investors. You should be aware of all the risks associated with cryptocurrency/digital asset trading and seek advice from an independent financial advisor. Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary, and does not constitute investment advice. The website or its publishers will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. The above content is published as received and has not been edited by the channel staff. The channel holds no responsibility for its content. (Disclaimer: The above press release comes to you under an arrangement with PNN and PTI takes no editorial responsibility for the same.). PTI

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