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    AAP govt indulged in large-scale financial irregularities, caused losses to exchequer: Delhi minister
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    August 9, 2026
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    GST compliance failures and electricity subsidy controls raise allegations of financial irregularities and potential losses to the public exchequer.
    Allegations based on a Comptroller and Auditor General report identified purported GST compliance failures involving outstanding tax liabilities, e-way bills generated after cancellation of GST registrations, limited bill scrutiny, non-compliance, and turnover mismatches. The allegations also concerned electricity subsidies extended to consumers with prolonged zero bills or apparent non-residence, presenting these issues as possible financial irregularities and losses to the public exchequer.
    August 9, 2026
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    August 9, 2026
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    Direct Benefit Transfer pension disbursement replaces cooperative-bank doorstep delivery, while preserving home payments for beneficiaries unable to use bank accounts.
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    August 8, 2026
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    Raymond Limited reported unaudited first-quarter FY27 growth in total income, EBITDA and profit before tax before exceptional items, while remaining net-debt-free with a net cash surplus. Its Engineering business comprises Precision Technology & Auto Components and Aerospace & Defence. Growth in the former was attributed to export expansion, operating leverage, product mix and cost reductions. Aerospace & Defence growth was linked to production for global OEMs, portfolio expansion and increased capacity, although margins were affected by targeted research and development investment. Forward-looking statements remain subject to regulatory, political, economic and technological risks.
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    Urban cooperative bank regulation promotes licensing, governance, compliance support and cybersecurity measures to strengthen stability and depositor confidence.
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    August 8, 2026
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    Korean food export promotion combines buyer consultations, regulatory guidance and consumer experiences to support entry into Indian and South Asian markets.
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    Illegal immigration enforcement prioritises dismantling entry, documentation and employment networks while requiring citizens to report information through police channels.
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    August 8, 2026
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    Authorised Dealer Category-II licensing expands permissible FEMA current account and foreign trade transaction services for cross-border payment customers.
    An Authorised Dealer Category-II approval under the Foreign Exchange Management (Authorised Persons) Regulations, 2026 enables Paul Merchants to undertake additional permissible non-trade current account transactions under FEMA, excluding gifts and donations, and foreign trade transactions within the applicable per-transaction limit. The approval supports foreign exchange and cross-border payment services, including overseas remittances for education, medical treatment, travel, and conference or event participation.
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    Energy security through diversified sourcing protected fuel supplies during Hormuz disruption and supports domestic exploration and alternative fuels.
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    August 7, 2026
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    Credit valuation adjustment framework revises derivative capital requirements through flexible basic approaches, hedge recognition, and risk-sensitive counterparty treatment.
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    August 7, 2026
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    August 7, 2026
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    BHAVYA Scheme project selection uses challenge-based evaluation of infrastructure, industrial ecosystems, and policy enablers under prescribed eligibility criteria.
    BHAVYA Scheme Phase-I proposals submitted by State and Union Territory governments will be evaluated and scored under prescribed eligibility and evaluation criteria. Challenge-based project selection considers connectivity and site suitability, quality of core, value-added and social infrastructure in the detailed project report, and the industrial ecosystem and policy enablers. The Scheme guidelines provide for completion of the first-phase selection process within one year from notification.
    August 7, 2026
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    Multilateral trade cooperation preserves developing economies' policy space while advancing MSME finance, diversified value chains and digital services.
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    August 7, 2026
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    Digital public procurement promotes transparent sourcing, reduced seller charges, competition monitoring and evidence-based spending oversight through an integrated marketplace.
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    August 7, 2026
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    Criminal justice, extremist-material regulation and administrative schemes feature in reports on prosecutions, demolition practices, loan waivers and fuel policy.
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    August 7, 2026
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    Foreign exchange reserves rose as foreign currency assets, gold holdings, Special Drawing Rights and IMF reserve position increased.
    India's foreign exchange reserves increased during the week ended July 31, principally because of higher foreign currency assets and gold reserves. Foreign currency assets include US dollar valuation effects arising from movements in currencies such as the euro, pound and yen. Special Drawing Rights and India's reserve position with the International Monetary Fund also increased. The movement followed measures to attract foreign exchange inflows, including an FCNR(B) measure, after earlier reserve declines associated with rupee pressure and dollar sales for foreign exchange market intervention.

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      Putin tells his annual news conference that Kremlin's military goals will be achieved in Ukraine

      December 19, 2025

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      Moscow, Dec 19 (AP) President Vladimir Putin emphasised Friday that Moscow's troops were advancing across the battlefield in Ukraine and voiced confidence the Kremlin would achieve its goals militarily if Kyiv doesn't agree to Russia's conditions in peace talks.

      Speaking at his tightly orchestrated annual news conference that lasted over four hours, Putin declared that Russian forces have “fully seized strategic initiative” and would make more gains by year's end.

      In the early days of the conflict in 2022, Ukraine's forces thwarted an attempt by Russia's larger, better-equipped army, to capture the capital of Kyiv.

      But the fighting soon settled into grinding battles, and Moscow's troops have made slow and steady progress over the years. Putin frequently touts this progress — even though it's not the lightning advance many expected.

      “Our troops are advancing all across the line of contact, faster in some areas or slower in some others, but the enemy is retreating in all sectors,” Putin said at the live news conference, which is combined with a nationwide call-in show that offers Russians across the country the opportunity to ask questions of their leader.

      Putin, 73, has ruled the country for 25 years and uses the event to cement his power and air his views on domestic and global affairs.

      This year, the news conference took place against the backdrop of a peace plan in Ukraine put forward by US President Donald Trump. Despite the extensive diplomatic push, Washington's efforts have run into sharply conflicting demands from Moscow and Kyiv.

      While the event has previously focused heavily on domestic questions — and has offered Putin a chance to expound on topics from the price of eggs to water cuts — Ukraine dominated it this year. Since it is highly choreographed, that could reflect the Kremlin's desire to assuage the public after nearly four years of fighting.

      Putin reaffirmed that Moscow was ready for a peaceful settlement that would address the “root causes” of the conflict, a reference to the Kremlin's tough conditions for a deal.

      The Russian leader wants all the areas in four key regions captured by his forces, as well as the Crimean Peninsula, illegally annexed in 2014, to be recognised as Russian territory. He has also insisted that Ukraine withdraw from some areas in eastern Ukraine that Moscow's forces haven't captured yet. Kyiv has publicly rejected all these demands.

      The Kremlin has also insisted that Ukraine abandon its bid to join NATO and warned that it wouldn't accept the deployment of any troops from members of the military alliance members and would view them as “legitimate target”.

      Putin also has repeatedly said Ukraine must limit the size of its army and give official status to the Russian language — demands he has made from the outset of the conflict.

      Ukrainian President Volodymyr Zelenskyy has expressed readiness to drop Ukraine's bid to join NATO if the US and other Western nations give Kyiv security guarantees similar to those offered to alliance members. But at the same time, he has emphasised that Ukraine believes NATO membership remains the best security guarantee.

      "The United States don't see us in NATO, for now," Zelenskyy said this week. “Politicians change.” Putin rebuffed Western claims about purported Russian plans to attack European nations as “sheer nonsense” aimed at deflecting public attention from domestic problems.

      He particularly singled out NATO Secretary-General Mark Rutte for his statements about the Kremlin's aggressive intentions, pointing out Trump's recently published national security strategy that doesn't name Russia as a direct adversary.

      “How can you prepare NATO for a war with Russia if the main member of NATO doesn't consider us as an enemy?” Putin said.

      He alleged that European elites “impudently” backed Trump's Democratic rival Kamala Harris in the 2024 presidential election and now hope the US political landscape will change after the midterm elections to Congress, helping raise pressure on the White House.

      As it faces grinding Russian advances across the front line and relentless attacks on its energy facilities, Ukraine is on the verge of bankruptcy — and it desperately needs more cash from its Western allies.

      On Friday, European Union leaders agreed to provide a massive interest-free loan, but they failed to bridge differences with Belgium that would have allowed them to use frozen Russian assets to raise the funds.

      The leaders tried to reassure Belgium, where most of the frozen assets are held, that they would protect it from any retaliation from Moscow if it backed the plan, but the leaders eventually opted to borrow the money on capital markets.

      Putin said using Russian assets to help Kyiv would have amounted to “robbery,” adding that the move would have spooked investors, “dealing not only an image blow but undermining confidence in the eurozone.” Putin told the audience the flow of volunteer soldiers has remained strong, topping 400,000 this year. It was not possible to independently verify that claim since little is known about the recruitment effort.

      But the government offers relatively high pay and extensive benefits that have helped swell troop ranks. The Kremlin says that it exclusively relies on volunteers to fight in Ukraine, but some media reports and rights groups have said that military officers often coerce conscripts into signing military contracts.

      Asked by a soldier's widow about the slowness in paying out a pension, Putin apologised and vowed that the issue would be quickly solved — an exchange typical of the annual event, which the Russian leader often uses to show his command of a wide array of subjects and his ability to solve problems.

      The news conference featured questions from journalists in the Gostinny Dvor amphitheatre as well as via video link from across the country. One young man in a red bow tie who held a placard saying he wanted to get married used his question to Putin to propose to his girlfriend. (AP) SCY SCY

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