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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.
August 27, 2026
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Money-laundering investigation into alleged homebuyer fraud led to searches and freezing of assets linked to realty promoters.
Money-laundering proceedings were initiated under the Prevention of Money Laundering Act on the basis of police FIRs alleging fraudulent inducement and non-delivery of residential plots. Searches at premises linked to real estate promoters resulted in the seizure or freezing of luxury vehicles, jewellery, bank accounts and securities. The investigation alleges that substantial upfront payments for residential plots were received, but a significant portion of promised plots remained undelivered, and certain plots were allegedly sold to third parties without consent.
August 27, 2026
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Commercial card governance enables configurable credit, approvals, virtual cards and controlled supplier payments across enterprise payment workflows.
SpendFlow combines commercial card program configuration, credit management, virtual cards, spend controls, approvals, supplier payments, billing and accounting in one architecture. It supports centrally governed rules with approved corporate-level variations, enterprise hierarchy management, and virtual cards linked to entities, employees, accounts or credit facilities. Multi-tier approvals and virtual-card supplier payments support controlled business payment functions, while core banking and ERP connectivity links card activity with banking and enterprise financial workflows.
August 27, 2026
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Basmati rice market access may be pursued through trade agreement review, subject to import limits and safety standards.
Market access for Indian basmati rice may be pursued through review of the Comprehensive Economic Partnership Agreement, as rice remains a sensitive sector subject to import quantity limits and duties beyond permitted quantities. Processed food exports offer further opportunities where exporters comply with Japanese quality and safety standards. Bilateral cooperation also covers investment, supply chains, technology partnerships and capital flows supporting infrastructure, manufacturing and semiconductor ecosystems.
August 27, 2026
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Capital allocation discipline governs consideration of further Air India funding alongside business strategy, cash flow and investment requirements.
Further capital investment in Air India will be evaluated by Singapore Airlines' board through a disciplined capital-allocation process. Assessment will consider the group's capital requirements, Air India's business strategy, operating cash flow, investment needs for aircraft and products, and multi-hub investments intended to support long-term growth and returns. As a significant minority shareholder, Singapore Airlines supports Air India's transformation programme with Tata Sons, but no commitment to provide additional capital is indicated.
August 27, 2026
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Semiconductor investment cooperation anchors expanded India-Japan industrial partnerships across technology, manufacturing, clean energy, infrastructure, and financial services.
Semiconductor and artificial-intelligence cooperation centres on a six-pillar semiconductor strategy encompassing chip design, semiconductor machinery and materials, fabrication, ATMP/OSAT, research and development, and talent development. Japanese participation is sought across semiconductor materials and equipment, power semiconductors, electronics, AI, logistics and related advanced technologies. Development of semiconductor clusters is linked to reliable power, ultra-pure water, skilled manpower and social infrastructure.
August 27, 2026
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Financial inclusion through basic bank accounts enables direct welfare transfers, digital payments, insurance access and credit for excluded households.
PMJDY provides unbanked adults with basic bank accounts without minimum-balance or maintenance-charge requirements, free RuPay debit cards with accident insurance cover, and eligible overdraft support. Through the JAM framework, PMJDY accounts enable direct transfer of welfare benefits using bank accounts, Aadhaar-based biometric verification and mobile connectivity, reducing intermediary involvement and delays. The scheme emphasises rural, semi-urban, marginalised and women account holders while supporting access to insurance, pensions, savings, digital payments and credit, including MUDRA loans.
August 27, 2026
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Contract food services expansion strengthens Rassense's nationwide institutional operations through new academic partnerships and technology-led service delivery.
Rassense Pvt Ltd reports crossing a workforce of more than 5,000 employees and projects revenue exceeding INR 600 crore. Its contract food services operations serve educational institutions, corporate campuses, healthcare facilities and industrial locations. New operations at IIM Jammu, IIM Bangalore and IIT Guwahati strengthen its nationwide institutional presence. Expansion is supported by academic institution partnerships, local workforce development, operational excellence, and technology-led capabilities in food production, food waste reduction and supply-chain management.
August 27, 2026
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Cyber fraud awareness promotes safe digital banking by teaching customers to verify communications, protect credentials, and report suspicious transactions.
Cyber-fraud awareness and digital banking safety were promoted through community sessions addressing phishing, impersonation, OTP and UPI fraud, QR-code scams, digital-arrest fraud, and fraudulent customer-care calls. Participants were guided to identify authentic banking communications, avoid sharing confidential credentials, verify callers and links before acting, and promptly report suspected unauthorised transactions. Customer vigilance, financial literacy, and institutional security measures were emphasised as complementary safeguards against digital financial fraud.
August 27, 2026
Show AI Summary
Personal insolvency repayment plans may be approved despite minimal creditor recovery when requisite voting support and comparative valuation support them.
Personal insolvency repayment plan approval was granted under the Insolvency and Bankruptcy Code, 2016, despite objections that creditor recoveries were negligible and the proposed payment uncertain. The plan received 80.81 per cent voting support, while dissenting creditors held less than 20 per cent voting share. Valuation showed that the debtor's personal estate was materially below the offered amount, and rejection could result in bankruptcy and lower recovery. Assessment of settlement adequacy was treated as a matter of creditor commercial wisdom.
August 27, 2026
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Prison escape security lapses prompt coordinated tracing measures, transport monitoring, inter-state alerts, and a detailed custodial-security inquiry.
Prison escape and custodial-security lapses arose after a detainee escaped from Aluva Sub Jail, allegedly by using an under-construction structure within the premises to cross the compound wall. Following his later appearance at a police station seeking return of his Aadhaar card, search measures included a lookout circular, information sharing with police stations, railway-security coordination, and alerting police in Assam. A detailed inquiry has been initiated into the prison-security deficiencies enabling the escape.
August 27, 2026
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Women's savings account selection depends on practical benefits, charges, eligibility, and banking needs rather than the account label.
Women's Savings Accounts may provide standard banking facilities together with additional services or benefits for eligible women. Their suitability depends on practical use of digital banking, transfers, payments, alerts, debit-card facilities, accessibility, security features, charges, and minimum-balance conditions. Since regular Savings Accounts may offer comparable facilities, the additional benefits should be assessed against associated costs and conditions. Selection should be based on comparison of eligibility, facilities, balance requirements, benefits, customer support, and authentication safeguards rather than the account's women-focused label alone.
August 27, 2026
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Retirement annuity selection prioritises payout structure, taxation, insurer strength and flexibility over brand comparison for informed retirement decisions.
Retirement planning may combine market-linked accumulation during working years, deferred annuities that lock future guaranteed income, and immediate annuities that convert retirement savings into regular payments. Annuity choice depends on whether the priority is higher income, continuation for a surviving spouse, or return of capital on death. Product comparison should consider market-linked growth versus income certainty, taxation of annuity income at applicable slab rates, insurer strength, and flexibility in deferment, payout frequency and policy loans.
August 27, 2026
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Foreign exchange inflows through deposit and borrowing measures provided near-term rupee support amid lower crude prices.
Reserve Bank special measures relating to FCNR(B) deposits, Overseas Foreign Currency Borrowings and External Commercial Borrowings were identified as attracting foreign-exchange inflows and providing near-term support to the rupee. The Reserve Bank became a net dollar buyer in June after two months of sales to support the rupee. The FCNR(B) window remained open until August 31, while the market outlook anticipated broader rupee depreciation over subsequent weeks.

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Corp. Laws / SEBI / IBC

SC delivered key verdicts on presidential reference, Waqf law in 2025

December 27, 2025

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New Delhi, Dec 27 (PTI) Landmark verdicts on the powers of governors and the president on bills, staying few provisions of the Waqf law and a series of path-breaking judgements defined 2025 for the Supreme Court, a year which saw an unprecedented shoe attack on CJI B R Gavai and the discovery of huge cash at high court judge Yashwant Varma's bungalow here.

The apex judiciary saw a rare transition through three Chief Justices of India (CJIs) within a single year -- Sanjiv Khanna, Gavai, and the incumbent, Surya Kant.

In a move aimed at bolstering judicial independence, justices Khanna and Gavai publicly announced their decisions to not to take any post-retiral assignments, an issue which has been keenly debated.

This set the stage for further institutional transparency, as the court finally began uploading the asset statements of its judges to the public domain and introduced a first-of-its-kind reservation policy for SC/ST categories in its administrative staffing.

The judiciary was rocked after burnt wads of huge currency notes were found at the official residence of Justice Varma, the then sitting Delhi High Court judge, on March 14. This led to a series of decisions including administrative ones by the then CJI Khanna.

After an in-house inquiry panel indicted Justice Varma, he refused to resign even after being nudged by CJI Khanna, who was then compelled to write to President Droupadi Murmu and Prime Minister Narendra Modi for his impeachment.

Currently, a parliamentary panel is conducting its inquiry against Varma, a condition precedent before the impeachment.

On October 6, advocate Rakesh Kishore, now suspended, hurled a shoe towards then CJI Gavai during proceedings. He was apparently miffed over Gavai's alleged remarks on Hindu gods in an earlier proceeding.

As the incident sparked widespread condemnation, Modi spoke to the then CJI and said the attack was "reprehensible" and angered every Indian.

The year saw many path-breaking judgements on a range of issues related to public interest, politics, environment, business, crime and complex civil disputes, especially the challenges to the new Waqf (Amendment) Act, 2025 and the presidential reference.

In a boost to the Centre, the apex court said its deletion of the "waqf by user" provision in the waqf law was prima facie not arbitrary and the argument that waqf lands would be grabbed by governments held "no water".

It, however, put on hold a few provisions, including a clause that only those practising Islam for the last five years could create waqf.

The tug of war between governors and opposition-ruled states over delayed or non-grant of assent to bills passed by state assemblies culminated when President Murmu moved the SC seeking its opinion on a range of issues including whether a timeline of three months, as envisaged by a verdict penned by Justice J B Pardiwala, can be fixed for governors and the president.

Answering the reference, a five-judge bench on November 20 delivered unanimous opinion holding that the court cannot impose any timelines on governors and the president to grant assent to bills.

It, however, said governors do not have "unfettered" powers to sit on the bills for "perpetuity".

The stray dogs menace caught the apex court's attention as its two-judge bench took suo motu cognisance of a media report on canine bites leading to rabies, particularly among children, in Delhi.

A slew of directions, including permanent relocation of stray dogs from streets to shelters, created an uproar with several animal rights activists and organisations hitting the streets in protest leading to setting up of a three-judge bench to deal it afresh.

The larger bench modified on August 22 the direction prohibiting the release of vaccinated stray dogs from pounds in Delhi-NCR calling it "too harsh" and ordered the canines to be released post sterilisation and de-worming.

The spurt of cyber crime cases came under the top court's scanner as it took cognisance of the matter on December 1 asked the CBI to carry out a pan-India probe into digital arrest scam cases, especially where elderly people are duped of their hard earned monies.

The poll panel's decision to conduct special intensive revision (SIR) of electoral rolls in various states beginning from Bihar also came up for judicial scrutiny.

The issue relating to the horrific Air India Dreamliner crash in Ahmedabad that claimed 260 lives also came to the SC which said no one blamed the chief pilot of the flight for the incident.

Amid growing debate over apex court setting aside its own verdicts post retirement of the author judges, the top court on November 18 reversed its own judgement and paved the way for retrospective environmental clearance (EC) by the Centre and other authorities to projects found violating environmental norms on payment of heavy penalties.

Earlier on May 16, a Justice A S Oka-led bench had barred the Ministry of Environment, Forests and Climate Change and the authorities concerned from granting retrospective ECs to projects which are found in violation of green norms.

On September 26, the top court upheld JSW Steel's Rs 19,700-crore resolution plan for debt-ridden Bhushan Power and Steel Limited (BPSL), bringing down curtains to a prolonged legal battle that spanned nearly eight years.

However, in May, a two-judge bench had set aside a resolution plan of applicant JSW Steel Limited for BPSL and ordered its liquidation for violation of the Insolvency and Bankruptcy Code.

In another significant verdict, the SC struck down key provisions of the 2021 Tribunals Reforms law related to appointment, tenure, and service conditions of tribunal members and presiding officers, saying "Parliament cannot simply override judicial decision by reenacting" these with minor tweaks.

The SC also delivered a landmark verdict aimed at protecting lawyer-client privilege and issued a slew of directions to curb arbitrary summoning of advocates by probe agencies for rendering advice.

In a major blow to the West Bengal government, the SC invalidated the appointment of 25,753 teachers and staffers in the state-run and aided schools, calling the entire selection process "vitiated and tainted".

The cases pertaining to sensational Nithari killings, which came to light with the discovery of skeletal remains of eight children of poor background from a drain behind businessman Moninder Singh Pandher's house at Nithari in Noida on December 29, 2006, were finally closed by the SC with the rejection of CBI's appeals in 12 cases.

Surendra Koli, the only convict in one of the cases, finally walked free as the SC acquitted him of charges in the last such matter.

Former CJI Gavai led benches delivered a slew of verdicts on judiciary including the one in which it made three year experience as a lawyer mandatory for taking up entry-level judicial services exams.

In another verdict, the top court held that a judicial officer can take up exams for higher judiciary under bar quota.

Cracking its whip against social media influencers who were caught ridiculing persons with disabilities and rare genetic disorders, the SC asked the Centre to consider framing a statute to make such derogatory remarks a penal offence on the lines of the SC-ST Act.

It has also asked the Centre to frame guidelines to regulate such contents.

Vantara, Reliance Foundation's zoological rescue and rehabilitation centre, also came up under judicial scrutiny in SC which set up a probe team on August 25 headed by a former apex court judge to look into the allegations of irregularities.

It, however, got a clean chit on September 15 which was later accepted by the SC which said "no contravention of law" was found.

In a bid to enhance transparency, the SC uploaded statements of assets of judges on its website, in accordance with a full-court decision to place the relevant details in the public domain.

In a first, the apex court introduced a formal reservation policy for the direct appointment and promotion of its staffers belonging to Scheduled Castes and Scheduled Tribes categories.

In a notable development, it commenced contempt proceedings against Telangana Assembly speaker for not deciding within stipulated three-months time period the pleas seeking disqualification of some BRS MLAs who defected to the ruling Congress party.

CJI Khanna, in one of his last orders, gave a tongue lashing to BJP MP Nishikant Dubey who said that Justice Khanna was responsible for "civil wars" in the country.

"At the same time, we are of the firm opinion that courts are not as fragile as flowers to wither and wilt under such ludicrous statements," CJI Khanna said in his order. PTI ABA SJK PKS ZMN

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