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September 9, 2026
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Money-laundering investigation scrutiny: alleged disguised consultancy payments prompted calls for an anti-corruption FIR against political figures.
The Enforcement Directorate sought an anti-corruption FIR against Pinarayi Vijayan, Veena T, P. A. Mohamed Riyas and others on material gathered during a money-laundering investigation. It alleged that Cochin Minerals and Rutile Ltd made fraudulent payments to Exalogic Solutions, Veena's now-defunct company, under the guise of IT consultancy services. Vijayan criticised the investigation as politically motivated and as an attempt to target the cooperative sector.
September 9, 2026
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Evidentiary scrutiny of conflicting trading data governs review of alleged misleading buyback announcements and fraudulent trading practices.
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September 9, 2026
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International crude oil price volatility increases fuel retailer under-recoveries, import costs, inflation pressures, and constraints on domestic rate transmission.
Elevated international crude prices, combined with unchanged retail petrol and diesel rates, have produced negative marketing margins for state-owned fuel retailers and under-recoveries on domestic LPG. India's reliance on imported crude increases exposure to a higher import bill, trade-balance pressure and currency weakness. Sustained crude-cost increases may feed into domestic inflation through fuel, transport and energy costs, while also raising input costs for oil-sensitive industries and constraining monetary easing if inflation broadens.
September 9, 2026
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Multi-lender digital lending platform centralises borrower onboarding, disclosures and lender selection while maintaining transparent credit offer comparisons.
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September 9, 2026
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September 9, 2026
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Illicit cannabis trafficking enforcement targets concealed consignments across road, rail and air routes, using seizures and arrests under narcotics law.
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September 9, 2026
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Advance licensing sugar refiners redirect export-oriented refined sugar to domestic sales to increase supply and restrain prices.
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September 9, 2026
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State-funded welfare schemes do not alone establish exclusionary conduct when fare benefits influence passenger choice and private operator revenues.
State-funded free travel for eligible passengers on specified public transport services does not ordinarily attract competition-law scrutiny merely because private operators lose passengers or revenue. Passenger preference arising from a fare concession, where the State bears the cost, does not by itself establish abuse of dominance, denial of market access, or unfair or discriminatory conditions. Differential commercial impact must be accompanied by independent exclusionary or unfair market conduct to constitute a competition-law contravention.
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September 9, 2026
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AI-enabled credit assessment uses alternative financial data to support inclusive lending, compliance, fraud controls, and customer servicing.
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Supply-chain interoperability and flexibility can convert logistics infrastructure into strategic resilience amid changing trade routes and demand.
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September 9, 2026
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Reciprocal trade restrictions bar dairy, alcohol, motorcycles, and procurement access after retaliatory import tariffs escalate bilateral dispute.
United States trade measures prohibit Canadian dairy products, most alcoholic beverages and motorcycles, and exclude Canadian products from large, long-term government contracts until full and fair reciprocity is available for American products. Canada has imposed retaliatory tariffs on hundreds of American goods, maintaining that countermeasures are necessary where Canadian businesses face United States tariffs. The dispute has prompted Canada to pursue domestic investment, infrastructure development and trade diversification, including exploration of closer European Union cooperation.
September 9, 2026
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Government procurement reciprocity excludes Canadian products from long-term contracts as retaliatory tariffs intensify the bilateral trade dispute.
Government procurement reciprocity has been invoked to make Canadian products ineligible for large, long-term United States government contracts until "full and fair reciprocity" is afforded to American products. Canada has imposed retaliatory tariffs on hundreds of American products to prevent tariff-free entry of those goods while Canadian businesses remain subject to United States tariffs. Canada also identifies trade diversification, domestic investment, infrastructure development and deeper European Union cooperation as measures to reduce economic dependence and preserve policy autonomy.
September 8, 2026
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Strategic equity investment in AI video technology supports expanded enterprise automation, personalised communication, and startup innovation collaboration.
Bajaj Finance acquired a 5% equity stake in TrueFan AI through Finserv Intelligence, an applied research and innovation initiative supporting scalable technology enterprises. The investment follows existing use of TrueFan AI's platform for personalised customer engagement and dealer enablement. The parties intend to expand collaboration in personalised marketing, high-volume video generation, live-avatar assistance, multilingual communication, learning and development, and digital onboarding. The partnership combines equity participation with development of technological capabilities and long-term strategic value.
September 8, 2026
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Corporate share transaction validity was sustained after allegations of altered control and financial impropriety were rejected in prolonged proceedings.
The National Company Law Appellate Tribunal set aside the Tribunal's decision after considering historical corporate records and contemporaneous material, rejecting allegations of financial impropriety concerning the private placement and share transfers. It upheld the relevant corporate decisions and transactions. The Supreme Court declined to interfere with the appellate determination, concluding the prolonged challenge brought by Bhagwati Developers Private Limited.

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Haryana seeks increased allocations for state's infra, agri sectors in FY27 Union Budget

January 10, 2026

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Chandigarh, Jan 10 (PTI) Haryana Chief Minister Nayab Singh Saini on Saturday asked the Centre for increased allocations in the Union Budget for FY27 to ensure the development of rural and urban infrastructure as well as agriculture and allied sectors.

Union Finance Minister Nirmala Sitharaman on Saturday chaired the pre-budget meeting with the finance ministers of all states and UTs.

According to a Haryana government statement, Saini, who also holds the Finance portfolio, participated in the meeting and placed several important demands related to Haryana for inclusion in the upcoming Union Budget.

These included budgetary allocations and other key demands concerning agriculture, rural development, medical education, industries, and allied sectors, the statement said.

To meet growing infrastructure needs and maintain the momentum of rural development, the general allocation under RIDF (rural infrastructure development fund) should be increased to Rs 2,000 crore in the next financial year 2026-27, Saini said.

Similarly, under Urban Infrastructure Development Fund (UIDF), the existing cap of Rs 100 crore on the maximum project size has become a roadblock in executing large projects; therefore, this limit should be increased to Rs 500 crore, he said.

He also thanked the Union Finance Minister for continuing the scheme of 'Special Assistance to States for Capital Investment'.

Considering Haryana's special needs due to its proximity to the national capital, he demanded an increase in untied allocations for the state along with appropriate relaxations in the conditions for utilisation of assistance.

Saini said that the Union Budget would further pave the way for Haryana's progress and that the state would make its full contribution toward making India a developed nation by 2047.

During the meeting, Saini said that the Haryana government is making dedicated efforts to take the state forward on the path of progress.

While significant efforts have been made at the state level, central assistance is essential to achieve the desired outcomes. To expand medical education, Haryana is planning to open a medical college in every district, for which substantial support under centrally sponsored schemes is required, he said.

Further, Saini said that Haryana is an agriculture-dominant state and ranks second in the country in foodgrain production.

It is also known as the breadbasket of India. Around six lakh acres of land in the state are affected by salinity/waterlogging; therefore, financial assistance from the central government is required to prevent further damage to this land.

Besides, the need for modernisation of agriculture has long been felt. By focusing on digital agriculture, micro-irrigation, agri-logistics, and value addition, farmers can be directly connected to markets. Agri-processing clusters, along with MSMEs, can become engines of rural prosperity, he said.

The chief minister further said that Haryana's NCR region is being developed as a logistics hub, which will facilitate easier and time-bound connectivity and supply of goods to all major markets across the country.

Therefore, increased central capital investment is required in these areas, he added.

He emphasised that economic growth cannot be accelerated without boosting MSMEs and startups. Haryana ranks fourth in the country in startups. To promote startups, the state is establishing a Rs 2,000 crore 'Fund of Funds'.

The government is also developing 10 new Industrial Model Townships, which will provide a major boost to MSMEs and startups across the state and attract significant capital investment. Additional financial assistance is required to develop these IMTs, he said.

The state is also providing social security pensions to more than 44 lakh people, he said, adding that the financial assistance under this head should also be increased for Haryana.

The Chief Minister also suggested that investment in human capital is the foremost need of the time. Education, skills, and health are the backbone of a developed nation. For the future economy, skill development in areas such as AI, semiconductors, green technology, and biotechnology is essential. PTI SUN HVA

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