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    VKDL Group’s NPA Bazaar Strengthens India’s Distressed Asset Resolution Ecosystem Under the Leadership of V K Dubey
    Lok Sabha passes bill to authorise govt to permit banks to levy charges on UPI transactions
    Monetary Policy Statement, 2026-27 Resolution of the Monetary Policy Committee August 3 to 5, 2026
    Stock markets edged higher in early trade amid lower crude oil prices, buying in Reliance Industries
    Monthly review of accounts of Government of India upto June 2026 (FY 2026-27)
    DRI busts illegal drug manufacturing unit in Satara district in Maharashtra; two arrested
    CCI approves proposed combination inter alia involving share acquisition(s) and merger of certain entities e.g. AAPC India, Triguna, Caddie, SMPL, Tec...
    Rupee gains 20 paise to close at 95.08 against US dollar post-RBI policy decision
    TN Budget: Revenue deficit at Rs 55,775 crore, fiscal deficit estimated at Rs 1,21,819 crore
    Tatkare slams ‘gungi gudiya’ jibe against Sunetra; Cong says row being exploited for political gains
    RBI invites public comments on Draft Guidelines for ‘on tap’ Licensing of Urban Co-operative Banks
    Pakistan-origin dry dates, routed through UAE, seized at Kandla port
    RBI keeps rates unchanged, retains neutral stance; outlook uncertain on El Nino, geopolitical risks
    Government Notifies Inventory-based Cross-border E-Commerce Export Framework under Foreign Trade Policy 2023
    Customs official among 5 held for smuggling gold of Rs 1.44 crore at Indore airport
    Lok Sabha passes Bankers' Books Evidence Bill to replace colonial-era law
    Sensex gains 152 pts in volatile session as RBI keeps policy rates unchanged
    DRI seizes 364 metric tonne (MT) banned Pakistan-origin dry dates imports worth Rs. 3 crore
    Rupee gains 13 paise to close at 95.15 against US dollar post-RBI policy decision
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August 6, 2026
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Distressed asset resolution integrates restructuring, insolvency advisory, funding facilitation and digital marketplaces for transparent financial recovery transactions.
The platform provides integrated advisory, management and transaction-facilitation services for Non-Performing Assets, stressed assets and distressed assets. Its services include NPA resolution, debt restructuring, One-Time Settlements, funding assistance, insolvency and bankruptcy advisory, asset reconstruction, financial restructuring and capital raising. Digital and offline marketplaces facilitate transactions involving distressed assets, receivables and related movable or immovable properties, supported by collaborations with banks, Non-Banking Financial Companies, Asset Reconstruction Companies, corporates and investors.
August 6, 2026
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Merchant discount rate framework may permit charges on notified UPI and digital payments through a government notification mechanism.
The proposed amendment to Section 10A of the Payment and Settlement Systems Act, 2007 replaces the existing income-tax-linked reference with a Central Government notification-based mechanism for electronic payment modes. It removes the current statutory restriction preventing banks and payment service providers from charging Merchant Discount Rate on notified modes, enabling the Government to permit charges for UPI and other digital payments. The policy rationale is to support funding for payment infrastructure and a sustainable revenue model for service providers.
August 6, 2026
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Neutral monetary policy stance continues as resilient growth and food-fuel inflation risks require close macroeconomic monitoring.
The Monetary Policy Committee retained the policy repo rate and continued the neutral monetary policy stance, citing the need to assess evolving growth-inflation conditions. Domestic activity was assessed as resilient, supported by consumption, investment, credit, manufacturing, services and exports, although global uncertainty, energy prices, supply-chain pressures, geopolitical developments and monsoon conditions remain risks. CPI inflation increased mainly because of food and fuel pressures, while underlying inflation remained moderate. The Committee considered that price pressures were not yet generalised and reaffirmed its commitment to align inflation with the target.
August 6, 2026
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Closing auction price discovery and a neutral monetary policy stance shaped equity market conditions amid lower crude prices.
The Closing Auction Session in the equity cash segment introduced an auction-based mechanism for determining closing prices of eligible shares with futures and options contracts, intended to make price discovery more transparent and robust. The Reserve Bank of India retained its neutral stance and left the benchmark policy rate unchanged, pending greater clarity on the inflationary effects of higher energy costs. Future policy decisions were stated to be data dependent.
August 6, 2026
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Monthly public accounts review records receipts, expenditure, tax devolution, interest payments, subsidies, and capital spending through June.
Consolidated monthly accounts up to June 2026 report total receipts of Rs.10,49,243 crore, comprising net tax revenue, non-tax revenue and non-debt capital receipts. Tax devolution transfers to State Governments total Rs.2,63,336 crore. Total expenditure is Rs.13,57,076 crore, including revenue expenditure of Rs.10,16,818 crore and capital expenditure of Rs.3,40,258 crore. Revenue expenditure includes interest payments and major subsidies.
August 6, 2026
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Illicit psychotropic drug manufacture triggered seizure, apprehensions, and investigation into planned trafficking under narcotics control law.
Illicit manufacture and trafficking of Alprazolam and Diazepam, psychotropic substances regulated under the Narcotic Drugs and Psychotropic Substances Act, 1985, were detected at a clandestine facility. Searches recovered finished and intermediary substances, together with raw materials and reaction mixtures used in manufacture, and the goods were seized under the Act. The manufacturer and an intended buyer were apprehended, with material indicating a proposed transaction for further illicit trafficking. Preliminary investigation indicated prior involvement in illegal drug production and trafficking.
August 6, 2026
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Competition approval for hotel-sector consolidation covers share acquisitions and merger of Accor-branded hotel entities into InterGlobe Hotels.
Competition approval was granted for related share acquisitions and the merger of AAPC India, Caddie, Triguna, Srilanand Mansions, Techpark and Accent into InterGlobe Hotels. The combination involves entities jointly controlled by the Bhatia Family Group and the Accor Group, including hotel-owning and developing entities, hotel management and franchising operations, leasing activities, and captive consultancy and support services relating to Accor-branded hotels in India.
August 5, 2026
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Rupee appreciation followed unchanged monetary policy, lower crude prices, weaker dollar and expectations of orderly exchange-rate management.
The rupee strengthened after the central bank maintained its policy rate and neutral monetary-policy stance. Lower crude oil prices, a weaker US dollar and declining US Treasury yields supported investor sentiment. Earlier measures to attract capital inflows remained part of the framework supporting the rupee, while the central bank stressed its endeavour to preserve an orderly currency trajectory. Future movement was linked to geopolitical de-escalation, global risk sentiment and US economic data.
August 5, 2026
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Fiscal consolidation through revenue mobilisation and leakage control aims to reduce deficits while expanding capital expenditure capacity.
Tamil Nadu's Revised Budget Estimates for 2026-27 project a revenue deficit and fiscal deficit, with outstanding liabilities comprising public debt and public-account liabilities. Revenue mobilisation is proposed through improved tax administration, collection efficiency, closure of leakages, liquor-manufacturer privilege fees, and eligible Union grants. The strategy projects gradual deficit reduction to create room for capital expenditure, supported by expenditure reforms aimed at eliminating leakages, optimising expenditure, and improving service delivery.
August 5, 2026
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Political criticism of public office-holders raises debate over media accountability, personal remarks, and acceptable public discourse.
Political criticism followed a social-media post describing Maharashtra Deputy Chief Minister Sunetra Pawar as "gungi gudiya" in connection with a press interaction on law-and-order issues in Beed district. Congress representatives stated that the post was not a personal insult, had been deleted after adverse reactions, and was followed by an expression of regret. NCP representatives termed the expression inappropriate and stressed that the principal dignitary should conduct media interactions. Shiv Sena (UBT) representatives described the phrase as not unparliamentary and linked it to criticism of a guardian minister's public responsibilities.
August 5, 2026
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On-tap licensing for Urban Co-operative Banks enters public consultation through draft guidelines inviting stakeholder feedback.
Draft guidelines for 'on tap' licensing of Urban Co-operative Banks have been issued for public and stakeholder consultation. Comments and feedback may be submitted until September 05, 2026, through the designated online consultation facility or by written or email submission to the specified regulatory department.
August 5, 2026
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Prohibition on indirect Pakistan-origin imports targets alleged origin misdeclaration and UAE routing used to circumvent trade restrictions.
Import prohibition on goods originating in Pakistan applies to direct and indirect imports under the Foreign Trade Policy, 2023. Pakistan-origin dry dates routed through the UAE were allegedly declared as UAE-origin goods for import, and were intercepted under the Customs Act, 1962. Investigation indicated that the goods were first sent from Pakistan to Dubai, re-containerised, and then exported to India. A separate interception involved Pakistan-origin guggul resin allegedly declared as Somali natural resin and routed through Dubai.
August 5, 2026
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Neutral monetary policy stance keeps benchmark rates unchanged while inflation risks, liquidity management and consumer-protection reforms remain under review.
Monetary policy maintains the benchmark policy rate unchanged and retains a neutral stance, with future decisions guided by incoming data. The central bank remains committed to aligning headline inflation with its medium-term target while monitoring food, fuel and other input-cost risks. Surplus liquidity will be managed through two-way operations, and the regulatory framework for interest rates on advances is proposed to be harmonised and standardised across regulated entities to improve transparency and consumer protection.
August 5, 2026
Show AI Summary
Export-only e-commerce inventory framework enables seller exports through registered exporters while requiring traceability, timely payments and domestic-diversion controls.
The export-only inventory framework permits eligible e-commerce entities to export through a registered Exporter-on-Record, which procures goods from Indian Sellers-on-Record against confirmed overseas orders and assumes export and destination-country compliance responsibilities. Inventory must be segregated, digitally traceable and cannot be diverted to domestic sale. The framework requires timely seller payments, visibility of overseas sales and shipment information, proportional pass-through of export rebates and refunds, annual compliance certification and digital records.
August 5, 2026
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Gold smuggling enforcement targets concealed foreign-origin gold, airport control evasion, and illicit railway transport under customs law.
Gold smuggling enforcement operations under the Customs Act, 1962 involved alleged concealment and unlawful movement of foreign-origin gold. At an international airport, an alleged syndicate used an airline employee to transfer gold received from arriving passengers outside Customs and immigration controls, with gold disguised as silver-coloured bracelets. A separate railway operation concerned gold concealed in a specially made cloth waist belt and intended for delivery to a jeweller. The actions addressed concealment, evasion of Customs controls, and illicit transport of foreign-origin gold.
August 5, 2026
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Digital bank-record evidence gains a technology-neutral framework through expanded admissibility, certified authentication, and regulated production of bankers' books.
The Bankers' Books Evidence Bill, 2026, modernises the evidentiary treatment of banking records by extending "bankers' books" to physical, electronic, digital, virtual and cloud-based records. It recognises electronic bank records as admissible evidence, allows production in physical or electronic form, and provides for standardised certificates authenticated by manual, digital or electronic signatures. The Bill also defines "special cause" for compelling bank officers to produce records or testify where the bank is not a party, and permits extension to specified financial-sector entities subject to conditions.
August 5, 2026
Show AI Summary
Closing auction price discovery and unchanged policy rates shaped volatile equity trading amid inflation and geopolitical uncertainty.
The Monetary Policy Committee retained the policy repo rate and neutral policy stance while seeking greater clarity on inflation risks from higher energy costs. Stock exchanges introduced the Closing Auction Session for eligible futures and options shares in the equity cash segment to determine closing prices through a more transparent and robust auction-based price-discovery mechanism. Equity markets showed volatile, limited gains amid geopolitical uncertainty, energy-price concerns, profit booking and the new mechanism's introduction.
August 5, 2026
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Pakistan-origin import prohibition covers third-country routing, false origin declarations, forged documents, and trans-shipment arrangements used to evade restrictions.
The prohibition on direct or indirect import or transit of goods originating in or exported from Pakistan extends to goods routed through third countries and falsely declared as having another origin. Misdeclaration of country of origin, false descriptions, forged documentation, and trans-shipment arrangements may contravene that prohibition and invite action under the Customs Act, 1962. Dry dates declared as UAE-origin and Guggul resin declared as Somalia-origin were investigated as goods of Pakistan origin routed through Dubai.
August 5, 2026
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Foreign exchange stability measures support the rupee as policy continuity, capital inflows and global risk sentiment shape currency expectations.
Foreign exchange market movement reflected a rupee appreciation against the US dollar following the monetary policy decision to retain the repo rate and neutral stance. Market sentiment was supported by softer crude oil prices, weakness in the US dollar, lower US Treasury yields and foreign equity inflows. The monetary policy framework sought to support capital inflows and maintain an orderly rupee trajectory, with geopolitical developments and US economic data remaining relevant to near-term exchange-rate expectations.
August 5, 2026
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Money-laundering investigation examines alleged proceeds from chit fund operations following searches linked to a former company managing director.
A money-laundering investigation concerns alleged proceeds of crime arising from a multi-state chit fund operation associated with Welfare Building and Estates Pvt Ltd. The company is alleged to have collected investor deposits through investment schemes promising high returns before defaulting. Searches at premises linked to its former managing director form part of the inquiry into alleged laundering. The underlying alleged fraud had previously resulted in a CBI case and multiple police FIRs.

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PMLA / Black Money

Cases of Red Fort blast, National Herald and IRCTC 'scam' kept Delhi courts busy in 2025

December 31, 2025

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New Delhi, Dec 31 (PTI) Cases involving political bigwigs including Sonia Gandhi, Rahul Gandhi, Lalu Prasad Yadav and others kept busy the Delhi courts which also dealt with terror-related matters like the 26/11 Mumbai attack and the Red Fort blast in 2025.

Matters related to attack on Delhi Chief Minister Rekha Gupta, AgustaWestland case, conviction of former Congress MP Sajjan Kumar in a 1984 anti-Sikh riots case and trial proceedings of self-styled godman Chaitanyananda Saraswati in an alleged molestation case also hogged the limelight.

The Enforcement Directorate was left red-faced when a Delhi court refused to take cognisance of the alleged money laundering charge against Congress leaders Sonia and Rahul Gandhi and others in the National Herald case.

The ED "simply inverted the template" of the Prevention of Money Laundering Act by registering an FIR in 2021, the court had said.

In the alleged IRCTC scam case, charges were framed against former Bihar chief ministers Lalu Prasad Yadav and Rabri Devi, their son Tejashwi Prasad Yadav and 11 others for the offences of cheating, criminal conspiracy, and under the provisions of the Prevention of Corruption Act.

The court made a scathing observation that the land and share transactions in the case were "possibly an instance of crony capitalism fostered in the garb of eliciting private participation in the Railways hotels at Ranchi and Puri".

Another case which grabbed the headlines was the 26/11 Mumbai attack case in which Tahawwur Rana, a close associate of 26/11 Mumbai terror attacks main conspirator David Coleman Headley alias Daood Gilani, was brought to India after the US Supreme Court on April 4 dismissed his review plea against his extradition.

In a chilling incident that sent shockwaves across the country, an explosive-laden car driven by a suicide bomber, Umar-un-Nabi, detonated outside the Red Fort on November 10 killing 15 people.

The National Investigation Agency subsequently arrested nine people and sought their custodial interrogation from the courts concerned for playing an active role in the conspiracy behind the blast.

In the case of attack on Rekha Gupta at a public event, a court set the stage for trial by framing charges, including for the alleged offence of attempt to murder, against Sakriya Rajeshbhai Khimjibhai and his friend Tahsin Raza Rafiullah Shaikh.

Gupta was attacked during a 'Jan Sunwai' programme at her camp office in the Civil Lines area on August 20.

A court here awarded life imprisonment to former Congress MP Sajjan Kumar in a murder case connected to the 1984 anti-Sikh riots, saying his old age and illness weighed in favour of a lesser sentence instead of the death penalty.

The court pronounced the verdict in a case of killings of Jaswant Singh and his son Tarundeep Singh on November 1, 1984.

In the AgustaWestland VVIP chopper scam, a court ordered the release of purported middleman Christian James Michel from custody in a money laundering case filed by the ED. Later, the court also modified Michel's bail conditions in a CBI case related to the scam.

Self-styled godman Saraswati, who was accused of molesting 17 women students at a private management institute here, was initially remanded in five-day police custody and then sent to jail under judicial custody.

In the 2020 Delhi riots larger conspiracy case, the arguments on framing of charges against student activist Umar Khalid were completed on November 3. Khalid's counsel claimed in the court that evidence was fabricated to implicate him, and he was jailed for five years in this "joke of an FIR".

A court junked an order directing Delhi Police to "further investigate" the role of Delhi Law Minister Kapil Mishra in the 2020 Delhi riots, saying the order suffered from a "serious jurisdictional error".

Shortly after the controversial protest over air pollution at Kartavya Path and Parliament Street on November 23, Delhi Police apprehended 23 protesters for allegedly using pepper spray on police during the demonstration at India Gate and for raising slogans hailing slain Maoist leader Madvi Hidma.

A majority of these protesters are currently out on bail.

In the alleged land-for-job scam, the CBI submitted its final verification report on the status of the accused named in its charge sheet. The CBI, in its verification report, said out of 103 accused named in its charge sheet, five have died.

Meanwhile, a court acquitted three people in a 2009 acid attack case and rapped the police for conducting a "nonchalant and unprofessional" investigation that appeared to be to shield the culprits.

The apex court had termed the prolonged delay in the victim's case a "national shame" and directed the trial to be held on a day-to-day basis.

In the Goa nightclub fire case, a court allowed Goa Police a two-day transit remand of Gaurav Luthra and Saurabh Luthra, co-owners of the Birch by Romeo Lane nightclub, where 25 people were killed in a fire on December 6.

In November, a court allowed jailed Lok Sabha member Engineer Rashid to attend the winter session of Parliament in custody on all dates. He was also granted custody parole between July 24 and August 4 to attend the monsoon session of Parliament.

A court set aside an order asking four journalists to take down alleged defamatory content against Adani Enterprises Limited (AEL), saying the effect of removal of the articles by an ad-interim ex-parte order was "sweeping" and it had the "effect of decreeing the suit itself without a trial".

Earlier this year, a court dismissed BJP MP Yogender Chandolia's plea against a magistrate's order framing charges against him for various alleged offences, including assaulting or using criminal force against a public servant, in a five-year-old case.

In the Kanjhawala hit-and-run case, a Delhi motor accident claims tribunal awarded a compensation of over Rs 36.69 lakh to the family of 20-year-old Anjali Singh, who was killed in an incident in January 2023.

In the Chinese visa scam case, a court ordered the framing of charges for alleged criminal conspiracy and corruption against Congress MP Karti P Chidambaram and six others, saying there was a prima facie case against them.

A court also dismissed a plea which sought a probe against Sonia Gandhi alleging that she was included in the electoral rolls three years before acquiring Indian citizenship in 1983.

A revision plea against the order of dismissal was filed in a sessions court, which has issued notice to the Congress leader and others.

A court discharged 10 TMC leaders in a case linked to a protest outside the Election Commission of India despite prohibitory orders, saying a mere protest for voicing dissent was the hallmark of democracy.

In a case related to the allocation of Mahuagarhi coal block in Jharkhand, a court acquitted former coal secretary H C Gupta, ex-joint secretary (coal) K S Kropha and then director K C Samaria.

Former Minister of State (Coal) Santosh Kumar Bagrodia, former Rajya Sabha member Vijay Darda and others were also acquitted in a 2017 case of allegedly influencing the probe in a coal scam case.

In an alleged sexual harassment case against ex-WFI chief Brij Bhushan Sharan Singh, a court accepted a closure report of Delhi Police seeking to cancel a case filed by a wrestler accusing Singh of sexual harassment when she was a minor.

In May, a court sentenced former Madhya Pradesh MLA Kishore Samrite to six months in jail for threatening to blow up Parliament in September 2022 over his 'unfulfilled demands'.

Bringing down curtains on a 13-year-old case, a court accepted the ED's closure report in a money laundering case against Suresh Kalmadi, the former head of the organising committee of 2010 Commonwealth Games and then secretary general Lalit Bhanot and others. PTI SKM MDB MNR ABA SJK ZMN

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