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    CPI(M) hits out at NCLT over Subhash Chandra's Rs 6.5-Cr repayment plan against Rs 22,006-Cr claims
    Good corporate governance central to India's development: Jitendra Singh
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August 28, 2026
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Insolvency debt settlements: political criticism alleges severe creditor haircuts favour influential corporate borrowers over ordinary debtors.
CPI(M) criticised approval of a repayment plan involving Zee Group founder Subhash Chandra, asserting that repayment of Rs 6.5 crore against creditor claims of Rs 22,006.57 crore undermines fairness in insolvency debt settlement. It alleged severe creditor haircuts and bias favouring influential corporate borrowers. The party linked the settlement to an alleged pattern of large borrowers resolving liabilities at steep discounts, shifting the burden to taxpayers and small depositors while smaller borrowers face coercive recovery measures.
August 28, 2026
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Corporate governance requires company secretaries to promote ethical practices, transparency, responsibility and institutional accountability across economic ecosystems.
Good corporate governance is central to development and depends on responsible governance, ethical practices, transparency, institutional accountability and professional excellence. Company Secretaries have an expanding role in strengthening governance practices through professional expertise. Professional institutions should promote governance standards, support institutional excellence, and evolve their practices in response to changing requirements. Their wider contribution lies in fostering a culture of ethical entrepreneurship, responsibility, transparency and sound governance.
August 28, 2026
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Proceeds-of-crime tracing prompts freezing of deposits linked to structured disposal of foreign property in a bank-loan fraud investigation.
Money-laundering investigation into alleged bank-loan fraud involving DHFL has resulted in the freezing of bank deposits held by Al Jalore Trading FZE under the Prevention of Money Laundering Act. A United Kingdom property was allegedly disposed of through a purported loan arrangement that created an encumbrance to settle an Indian liability. Sale proceeds were credited to Al Jalore Trading FZE's Indian bank account rather than to the registered owner, indicating alleged dissipation of proceeds of crime through a structured foreign-property transaction.
August 28, 2026
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Defence export authorisation reform streamlines consultations, expands unified licences, and facilitates eligible exporters' access to international markets.
Open General Export Licence arrangements permit eligible exporters to self-generate authorisations for multiple consignments of specified defence items without obtaining separate authorisation for each consignment. Three existing licence procedures are consolidated into a unified framework. Licence validity is extended to three years, and territorial coverage is expanded to all countries other than negative or sensitive nations and destinations subject to United Nations Security Council sanctions or arms embargoes. Eligible companies with long-term foreign original equipment manufacturer agreements may obtain licences aligned with the underlying contract, subject to prescribed conditions.
August 28, 2026
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IPO approval enables Jio Platforms to issue fresh equity shares, with proceeds earmarked for subsidiary debt repayment and corporate purposes.
SEBI's final observations enable Jio Platforms Ltd to proceed with an initial public offering comprising up to 27 crore newly issued equity shares. The transaction is structured as a fresh issue of shares. Offer proceeds are primarily allocated towards repayment or prepayment of outstanding borrowings of Reliance Jio Infocomm Ltd, Jio Platforms' material subsidiary, with the balance designated for general corporate purposes.
August 28, 2026
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Gold price volatility intensified as dollar strength, profit-booking, and customs-duty-cut reports pressured domestic bullion markets.
Domestic bullion prices declined for a third consecutive session as a stronger US dollar and sustained profit-booking after a recent rally weakened gold and silver. Gold fell sharply in the national capital and silver also declined in domestic trading, with the three-day movement reflecting ongoing price volatility in the bullion market. International spot gold remained marginally lower while investors awaited policy-related remarks concerning inflation and elevated yields.
August 28, 2026
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Direct benefit transfer strengthens welfare delivery through Jan Dhan accounts, digital payments, reduced intermediaries, and expanded financial inclusion.
Direct Benefit Transfer has transferred welfare benefits directly to beneficiaries, largely through Jan Dhan accounts, reducing intermediaries and supporting transparent delivery. The Pradhan Mantri Jan Dhan Yojana provides unbanked adults basic accounts without minimum-balance or maintenance-charge requirements, along with RuPay debit cards, accident insurance coverage, and emergency overdraft access. Banking outlets, digital-payment infrastructure, and Bank Mitras extend formal financial services to women, rural and semi-urban communities, strengthening financial inclusion and participation in the formal economy.
August 28, 2026
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Foreign exchange reserves reached a record level, supported by increases in foreign currency assets and gold holdings.
India's foreign exchange reserves increased by USD 12.422 billion to an all-time high of USD 729.328 billion for the week ended 21 August. Foreign currency assets and gold reserves recorded the principal increases, while special drawing rights and the reserve position with the IMF also rose. Foreign currency asset valuation reflects movements in non-US currencies held in the reserves. FCNR(B) and concessional swap arrangements were introduced to attract additional foreign-exchange inflows.
August 28, 2026
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IPO regulatory approval enables Jio Platforms to advance preparations for its proposed fresh equity share public offering.
Jio Platforms Ltd. has obtained Sebi's final observations for its proposed initial public offering. This key regulatory stage enables further preparations for the public issue, subject to applicable regulatory requirements. The proposed offering comprises up to 27 crore fresh equity shares and is expected to account for approximately 2.9 per cent of the company's post-issue equity base.
August 28, 2026
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Financial inclusion through basic bank accounts expands banking access with no-balance accounts, debit cards, and emergency overdraft support.
Pradhan Mantri Jan Dhan Yojana enables unbanked adults to open basic bank accounts without minimum-balance or maintenance-charge requirements. Accounts include a free RuPay debit card with accident insurance coverage and eligibility for an overdraft facility during emergencies. The scheme promotes digital transactions, financial security and participation in the formal economy, while extending banking access to rural and semi-urban communities and increasing women's financial inclusion.
August 28, 2026
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Flexible personal loan repayment enables eligible borrowers to select longer tenures, subject to eligibility, terms, verification, and repayment capacity.
Bajaj Finance personal loans offer eligible customers collateral-free borrowing with flexible repayment tenures of 12 to 108 months, subject to eligibility, applicable terms, verification and documentation. A longer tenure may reduce monthly EMIs by spreading repayment over more months, but can increase total interest payable. Borrowers should compare the interest rate, tenure, EMI, processing charges and other costs, while considering their income, existing commitments and repayment capacity. Loan Utsav 2026 provides limited-period rewards for eligible customers whose loans are successfully disbursed during the campaign period, subject to applicable terms.
August 28, 2026
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Digital arrest money laundering investigation tracks cyber-fraud proceeds through layered bank accounts, cash withdrawals, and foreign-exchange conversion.
Arrests under the Prevention of Money Laundering Act form part of an investigation into alleged digital arrest cyber fraud and laundering of fraud proceeds. Funds were reportedly routed through numerous bank accounts, withdrawn in cash, and converted into foreign currency through licensed money changers. The financial trail is linked to commodity trading, travel and foreign-exchange entities allegedly connected with cyber-fraud complaints and first information reports. The inquiry also identified alleged shell or dummy companies using proxy directors to conceal control and facilitate fund movement.
August 28, 2026
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Foreign exchange intervention and lower crude prices supported rupee appreciation despite a stronger dollar and foreign institutional investor outflows.
Foreign exchange market conditions supported a six-paise appreciation of the rupee against the US dollar at the close of trading. Lower global crude oil prices and Reserve Bank of India intervention to limit significant rupee depreciation contributed to the movement. A marginal strengthening of the US dollar and foreign institutional investor equity outflows continued to exert pressure, while FCNR(B) scheme inflows supported the currency.
August 28, 2026
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Cyber fraud impersonating enforcement officials coerced a senior citizen into bank and cryptocurrency transfers through terror-funding threats.
Cyber fraudsters allegedly impersonated public officials and threatened a senior citizen with implication in money laundering, terror funding and cybercrime. Using WhatsApp video calls and purported official notices, they allegedly induced the victim to transfer funds to multiple bank accounts and a cryptocurrency wallet on the pretext of proving innocence. The victim reportedly liquidated fixed deposits and mutual fund investments before identifying the deception and reporting it through the cybercrime helpline. A cyber police case was registered for further investigation.
August 28, 2026
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Rupee depreciation against US dollar reflects foreign investor outflows and crude supply disruptions, moderated by weaker dollar and oil prices.
Foreign institutional investor outflows and disruptions in global crude oil supplies placed downward pressure on the rupee against the US dollar. A weaker dollar index and lower Brent crude prices moderated the decline. Market commentary anticipated a narrow trading range, with expected Reserve Bank of India protection at the upper end and oil importer, month-end, and importer demand supporting the lower end. Participants also monitored the US Federal Reserve Chair's Jackson Hole speech.
August 27, 2026
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Emergency flood response measures coordinate rescues, suspend cross-border transport, and address risks to public safety.
Severe flash floods in Nepal and along the Nepal-Tibet border prompted cross-border rescue coordination for missing and stranded persons, warnings of continued downstream flood risk, and international relief support. Preventive public-safety measures included temporary suspension of an Indo-Nepal bus service. Separate developments included disruption of public services during an employee strike, investigation of an aircraft crash, market measures affecting sugar and onion prices, and proposed trade engagement for greater market access for basmati rice and processed food exports.
August 27, 2026
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Regulatory review of fraud allegations requires timely consideration of representations while merits and standing remain undecided.
SEBI must consider and decide, within two weeks, representations alleging fraud by an Indian logistics company and its subsidiary. The allegations concern systematic over-invoicing of freight charges and forged documentation, with a parallel criminal investigation based on an FIR registered by the Delhi Police Economic Offences Wing. No determination has been made on the merits of the allegations or the complainant's standing to approach SEBI. The allegations and criminal proceedings were disclosed in IPO offer documents.
August 27, 2026
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Personal insolvency repayment plans test creditor voting thresholds, valuation safeguards, and limits on commercial review under insolvency law.
Personal insolvency resolution under the Insolvency and Bankruptcy Code involved approval of a repayment plan providing for payment of Rs 6.25 crore to creditors and Rs 25 lakh towards process costs against admitted creditor claims of about Rs 22,006.57 crore. Objections by dissenting creditors were rejected because they held less than 20 per cent of voting share, while the plan received 80.81 per cent support. Valuation indicated that the personal estate was worth less than the amount offered, and the tribunal declined to replace creditor commercial wisdom or assess settlement adequacy.
August 27, 2026
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Sovereign credit rating stability reflects policy continuity, infrastructure investment, external strength, and fiscal consolidation pressures.
India's sovereign credit rating retained a BBB stable outlook, supported by strong growth, an external balance sheet, stable institutions, policy predictability, and infrastructure investment. Public investment and consumer demand are expected to sustain growth and assist fiscal consolidation. Constraints include weak fiscal performance, elevated government debt and interest burdens, and low per-capita income. Long-term rating support depends on financing infrastructure investment without materially widening the current-account deficit and on reducing the fiscal deficit through stable fiscal and monetary policies.
August 27, 2026
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Sugar import liberalisation and stockholding limits seek to moderate retail prices amid constrained domestic supply and restricted exports.
Sugar price-control measures combine duty-free raw sugar imports, stockholding limits for dealers and bulk consumers, and an export prohibition to address elevated retail prices and curb hoarding. Domestic supply remains constrained by reduced sugarcane output, prior exports and diversion of sugar to ethanol. Net production is estimated below projected domestic demand, while closing stocks are expected to remain limited. Import access, inventory restrictions and export controls therefore operate as market-stabilisation mechanisms.

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December 24, 2025

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New Delhi, Dec 24 (PTI) Following are the top stories at 9 PM: NATION DEL34 UP-UNNAO RAPE-2NDLD SURVIVOR (6.34 PM)

'Kaal' for my family: Unnao rape survivor on suspension of Sengar's jail term; to move SC Unnao/Ballia (UP): The 2017 Unnao rape survivor on Wednesday termed the Delhi High Court's decision to suspend the jail term of the accused, expelled BJP leader Kuldeep Singh Sengar, "kaal" (death) for her family and said she would move the Supreme Court against it.

MDS16 ISRO-LDALL SATELLITE (6.04 PM)

ISRO''s ''Bahubali'' rocket places 6000 kg US communication sat into orbit, the heaviest from country Sriharikota (Andhra Pradesh): In a historic Christmas eve mission, ISRO's "Bahubali" rocket on Wednesday successfully launched a 6,100 kg US communication satellite-- the heaviest by and Indian launcher, into the desired orbit, a feat described by the space agency as the season's gift to the country.

DEL53 RAHUL-2NDLD UNNAO (7.56 PM)

Rahul meets Unnao rape survivor, says 'we're turning into dead society' on her ill-treatment New Delhi: Congress leader Rahul Gandhi met the Unnao rape survivor here on Wednesday after she allegedly faced ill-treatment for raising her voice against the bail granted to convict Kuldeep Singh Sengar, and said India is not just becoming a dead economy, but also a dead society.

DEL56 PM-UP-LD VISIT (8.14 PM)

PM to inaugurate national memorial in Lucknow to honour life, ideals of Vajpayee New Delhi: Prime Minister Narendra Modi will on Thursday inaugurate a landmark national memorial and complex in Lucknow that will host statues of BJP ideologues Syama Prasad Mookerjee, Pandit Deendayal Upadhyaya, and former prime minister Atal Bihari Vajpayee.

DEL61 CAB-LD DELHI METRO (8.32 PM)

Union Cabinet clears 3 new Metro stretches in Delhi, including Central Vista Corridor New Delhi: In a major boost to Delhi's infrastructure, the Union Cabinet on Wednesday approved three new Metro corridors, including a 9.91-km stretch from the RK Ashram Marg to Indraprastha, which will connect all Kartavya Bhavans, India Gate, Bharat Mandapam, the National War Memorial and other important installations in Lutyens' Delhi.

BOM20 MH-2NDLD UDDHAV-RAJ (6.06 PM)

Shiv Sena (UBT), MNS announce alliance ahead of Mumbai civic polls Mumbai: Ending a 20-year political feud, Shiv Sena (UBT) chief Uddhav Thackeray and MNS president Raj Thackeray forged an alliance on Wednesday for the elections to the cash-rich Brihanmumbai Municipal Corporation to be held on January 15.

DEL52 ENV-ARAVALLIS (7.54 PM)

Centre imposes ban on new mining leases in Aravallis; protected zone to be expanded New Delhi, Dec 24 (PTI) The Centre on Wednesday issued directions to states for a complete ban on granting new mining leases in the Aravallis, officials said.

DEL57 ENV-CAQM-GRAP (8.20 PM)

GRAP 4 curbs revoked in Delhi-NCR as air quality improves New Delhi: The Commission for Air Quality Management (CAQM) in Delhi-NCR and adjoining areas on Wednesday revoked curbs imposed under GRAP 4 following improvement in air quality, officials said.

BOM13 MH-UDDHAV-RAJ-FADNAVIS (3.32 PM)

Alliance of Thackerays won't have much impact; tie-up for their own political survival: Fadnavis Mumbai: Maharashtra Chief Minister Devendra Fadnavis on Wednesday downplayed the alliance of the parties led by Uddhav Thackeray and his cousin Raj, saying it will not make any significant difference and that their coming together was an attempt for their own political survival.

CAL31 AS-VIOLENCE-LD ARMY (7.50 PM)

Army conducts flag march in Assam's violence-hit West Karbi Anglong Diphu: The Army conducted a flag march in violence-hit West Karbi Anglong district of Assam to help maintain law and order, Director General of Police Harmeet Singh said on Wednesday.

CAL13 WB-BANGLA-UNREST-LD PROTEST (3.14 PM)

Protests erupt at Bengal land ports over atrocities against Hindus in Bangladesh Kolkata: Members of a pro-Hindu organisation held demonstrations at several land ports along the India-Bangladesh border in West Bengal on Wednesday over the killing of a man belonging to the minority community in the neighbouring country.

CAL18 OD-GIRL-2NDLD-MURDER (5.09 PM)

Girl raped, murdered in Odisha, 1 arrested, mob demolishes accused's house; Oppn calls bandh Bhubaneswar/Bhadrak (Odisha): A 10-year-old girl was allegedly raped and murdered in Odisha's Bhadrak district, triggering a massive outrage with locals demolishing the accused's house, police said on Wednesday.

LEGAL LGD13 DL-HC-2NDLD AIR PURIFIERS (5.29 PM)

Delhi HC directs GST Council to meet at earliest, consider lowering GST on air purifiers New Delhi: The Delhi High Court on Wednesday directed the GST Council to meet at the earliest and consider lowering or abolishing goods and services tax on air purifiers in view of worsening air quality in the national capital.

LGD10 DL-COURT-BLAST (3.17 PM)

Red Fort blast: Delhi court extends judicial custody of 7 accused till January 8 New Delhi: A Delhi court on Wednesday extended the judicial custody of seven accused in the Red Fort blast case by 15 days.

LGD16 DL-HC-MAJNU KA TILA (7.07 PM)

Delhi HC asks authorities to take action against illegal cafes, restaurants in Majnu ka Tila New Delhi: The Delhi High Court on Wednesday directed authorities to take action against various cafes, bars and restaurants in Majnu ka Tila area here which are operating without sanctioned building plans and safety measures.

LGD14 DL-HC-GANGSTER-LD WEB SERIES (5.59 PM)

Delhi HC refuses to halt release of web series based on life of gangster Vikas Dubey New Delhi: The Delhi High Court on Wednesday refused to stay the release of web series "UP 77", which is reportedly based on the life of slain gangster Vikas Dubey.

FOREIGN FGN44 US-CHINA-LD INDIA (4.56 PM)

China probably seeks to capitalise from deescalating tensions along Line of Actual Control with India: US report New York/Washington: China probably seeks to capitalise from deescalating tensions along the Line of Actual Control with India to stabilise bilateral relations and prevent the deepening of US-India ties, according to a report by the US Department of War.

FGN54 BANGLA-BNP-LD RAHMAN (7.43 PM)

BNP's acting chief Tarique Rahman set to return Bangladesh on Thursday Dhaka: Tarique Rahman, the Acting Chairman of the Bangladesh Nationalist Party and heir to the influential Zia family, is set to return home on Thursday, ending his nearly 17 years in exile in London, his party said on Wednesday.

FGN59 BANGLA-EXPLOSION (8.58 PM)

1 killed in crude bomb explosion in Bangladesh Dhaka: One person was killed in a crude bomb explosion in the Bangladeshi capital on Wednesday, police said.

FGN57 US-CHINA-PAK (8.19 PM)

Pentagon report highlights cooperation between China and Pakistan in defence, space New York/Washington: A report by the Pentagon highlights the cooperation between China and Pakistan in sectors such as defence and space, adding that Beijing "likely also considered" setting up a base in Pakistan.

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