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    Sales Tax Assistant Commissioner arrested for demanding bribe of Rs 8 lakh
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    BRICS grouping discussing linking CBDCs, fast payment systems: RBI Guv Malhotra
    PM GatiShakti National Master Plan Enables Integrated and Coordinated Infrastructure Planning
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    Net direct tax collection grows 23 pc to Rs 8.11 lakh cr so far this fiscal
    National Accreditation Board for Testing and Calibration Laboratories Launches India’s First Accreditation Scheme for Mobile Food Testing Laboratori...
    Commerce and Industry Minister Shri Piyush Goyal awards top buyers and sellers on GEM platform at the 10th Anniversary celebrations of GEM
    PolicyBazaar working with partners to fast-track Assam flood insurance claims
    ED arrests Chhattisgarh Congress leader in liquor 'scam' case
    ED arrests Chhattisgarh Congress leader in liquor scam case
    Register FIR in cases of missing persons immediately, irrespective of age or gender: SC
    ED freezes 182 bank accounts, seizes Rs 1 cr cash in connection to Rs 2k crore chit-fund scam
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    Punjab Assembly passes nine key bills
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    August 11, 2026
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    GST inquiry closure bribery allegations prompted anti-corruption proceedings against a Sales Tax officer under corruption law.
    Alleged bribery in GST inquiry closure led to the arrest of a Sales Tax Assistant Commissioner after a scrap trader complained of a demand for illegal gratification to close an inquiry initiated through a GST show-cause notice. Anti-corruption officials reportedly verified the allegation through intermediaries, during which the officer allegedly agreed to accept payment for closing the matter. A criminal case was registered under the Prevention of Corruption Act, with further investigation ongoing.
    August 11, 2026
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    Direct tax collection growth reflected stronger non-corporate taxes and securities transaction tax receipts alongside slower refund issuances.
    Net direct tax collections increased by 23 per cent to over Rs 8.11 lakh crore through August 10, driven by higher non-corporate tax collections and slower refund growth. Gross direct tax collections grew by 19.75 per cent to about Rs 9.55 lakh crore. Net corporate tax collections rose about 20 per cent, net non-corporate tax collections rose 23 per cent, and Securities Transaction Tax collections increased 51 per cent. Refund issuances grew by 3.8 per cent year-on-year.
    August 11, 2026
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    Vicarious liability in cheque dishonour cases cannot attach to trust associates without statutory status or transaction-specific involvement.
    Vicarious criminal liability for cheque dishonour under section 141 of the Negotiable Instruments Act does not extend to a trust, because a trust is not a juristic person. A person cannot be summoned merely for alleged active involvement in a trust where the person was neither drawer nor signatory of the cheques, trustee, office-bearer, authorised account operator, guarantor, or executor of transaction documents.
    August 11, 2026
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    Cross-border payment integration through CBDCs and fast payment systems remains under BRICS discussion to reduce transfer costs.
    Cross-border payment integration is under discussion through potential linkages between central bank digital currencies and fast payment systems, including UPI-type platforms. These approaches seek faster and less costly trade and remittance transfers, particularly retail payments, but remain at a discussion stage. Rupee internationalisation is also being pursued through central-bank memorandums of understanding for bilateral trade settlement in local currencies, with existing arrangements covering Indonesia, Maldives, Mauritius and the UAE.
    August 11, 2026
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    Integrated infrastructure planning under PM GatiShakti coordinates project evaluation, multimodal connectivity, geospatial data use, and decentralized implementation.
    PM GatiShakti National Master Plan provides an integrated, data-driven infrastructure planning framework using geospatial data, satellite imagery and API integration. Project approval, implementation and funding remain with the respective Central Ministries, Departments and States or Union Territories under their own plans and budgetary provisions; the framework sets no separate budgetary allocation or quantified targets. The Network Planning Group evaluates critical Central Government projects at the planning stage for multimodality, synchronisation, last-mile connectivity, comprehensive local development and coordinated decision-making.
    August 11, 2026
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    MSME procurement through GeM has expanded alongside analytics-driven controls against suspicious bidding, collusion, and vendor misconduct.
    GeM uses AI/ML analytics to detect order splitting, suspicious bidding, abnormal pricing, repeated participation and potential buyer-seller collusion. Flagged cases are placed before buyer organisations for review and action, while suspected cartels are assessed through digital-footprint, pricing and bid-timing indicators. Its Incident Management framework addresses false documents, fraud, collusive behaviour and other misconduct through administrative measures, including suspension. Anti-competitive conduct and cartel formation are Severe/Grave deviations, with proven cases attracting suspension for up to 365 days.
    August 11, 2026
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    Direct tax collections show stronger corporate, non-corporate and securities transaction tax receipts, alongside increased refunds during the fiscal period.
    Net direct tax collections grew by 23.09 per cent to over Rs 8.11 lakh crore up to August 10 of the current fiscal year, while gross direct tax collections increased by 19.75 per cent to about Rs 9.55 lakh crore. Corporate tax, non-corporate tax including personal income tax, and Securities Transaction Tax receipts recorded growth. Refunds issued between April 1 and August 10 also rose over the corresponding earlier period. Direct tax collections are budgeted at Rs 26.97 lakh crore for the fiscal year.
    August 11, 2026
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    Mobile food testing laboratory accreditation expands quality-assured testing access and supports coordinated food-safety surveillance and regulatory efficiency.
    NABL has launched an Accreditation Scheme for Mobile Food Testing Laboratories under the Integrated Assessment Programme. The framework enables mobile laboratories to provide reliable, quality-assured and internationally benchmarked food-testing services closer to communities, extending accredited testing beyond conventional laboratory settings. It is intended to strengthen food-safety surveillance, improve access to quality testing, support faster regulatory intervention and enhance consumer confidence. Coordinated assessments, regulatory harmonisation and mutual recognition are also intended to reduce duplication and improve regulatory efficiency while maintaining quality and compliance standards.
    August 11, 2026
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    Digital public procurement will expand AI-led price intelligence, marketplace integrity, inclusive access, credit linkages and sustainable purchasing.
    Government e-Marketplace is advancing an AI-enabled public procurement ecosystem focused on efficiency, transparency, competition, price intelligence and marketplace integrity. Priorities include last-mile access through Suvidha Kendras, integration of public entities, credit linkages, sustainable procurement and university outreach. A nationwide five-digit Helpdesk short code, 14550, mapped to existing infrastructure, is intended to maintain service continuity and improve access to support and official communications. The platform seeks to provide enterprises with a more accessible and predictable procurement market and buyers with a data-driven procurement experience.
    August 11, 2026
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    Expedited flood insurance claims require insurers and partners to simplify documentation and provide immediate service to affected policyholders.
    Expedited insurance-claim handling for flood-affected policyholders in Assam is being pursued through simplified documentation, prompt settlement and immediate service response. PolicyBazaar is coordinating with insurer partners to reduce processing delays. The Insurance Regulatory and Development Authority of India has directed insurers, including life insurers and standalone health insurers, to mobilise resources for immediate assistance, alongside governmental efforts for expeditious and hassle-free claim disposal.
    August 11, 2026
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    Money laundering investigation in alleged liquor scam leads to arrest and proposed custodial-remand proceedings under anti-money-laundering law.
    Money laundering investigation concerning an alleged liquor scam in Chhattisgarh led to the arrest of Congress leader Ramgopal Agrawal under the Prevention of Money Laundering Act. Custodial remand is to be sought for interrogation. The allegations concern an alleged syndicate that purportedly controlled the state excise department, enabled illegal liquor sales and distributed resulting commissions. Chargesheets name political figures, excise officials and officials associated with the Chief Minister's Office.
    August 11, 2026
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    Money-laundering investigation into an alleged liquor scam leads to arrest and proposed custodial interrogation under the prevention law.
    Money-laundering investigation under the Prevention of Money Laundering Act concerns an alleged liquor scam in Chhattisgarh. A former state political party treasurer has been arrested for alleged involvement and is to be produced before a local court for a request for custodial interrogation. The alleged scheme is stated to have involved control of the state excise department by a criminal syndicate, with multiple accused named in six chargesheets.
    August 11, 2026
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    Immediate FIR registration for every missing person is mandatory, with missing children treated as suspected kidnapping or abduction cases.
    Immediate FIR registration is required whenever information is received that any person is missing, irrespective of age or gender, without preliminary inquiry. Missing-person FIRs must include relevant provisions concerning kidnapping and trafficking. A missing child must be treated from the outset as a suspected case of kidnapping or abduction. States and Union Territories may face contempt action for non-compliance. Traced children should ordinarily be restored to their families within 24 hours unless trafficking or exploitation by the family is suspected.
    August 11, 2026
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    Money-laundering investigation targets alleged chit-fund collections, investor-fund diversion, concealed deposits, and irregular land transactions.
    Money-laundering investigation into an alleged multi-state chit-fund scheme involved searches at premises linked to Wellfare Buildings and Estates Pvt Ltd and its directors, seizure of cash, vehicles, property-related records and digital devices, and freezing of bank accounts. The alleged scheme concerns unauthorised public-fund collection through land-allotment schemes, followed by closure of operations. Allegations include diversion of investor funds, manipulation of financial statements to conceal deposits, and irregular land transactions intended to suppress actual consideration and evade statutory obligations.
    August 11, 2026
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    Rupee exchange-rate pressure intensified as crude oil, regional uncertainty and weaker equities constrained the local currency in early trade.
    Foreign-exchange market conditions placed the rupee under pressure against the US dollar amid West Asia uncertainty, higher crude oil prices, and weaker domestic equity markets. Foreign institutional investor inflows and Reserve Bank of India intervention supported the rupee and limited further depreciation. Reported dollar sales through state-run banks helped contain downside pressure despite rising Brent crude prices and uncertainty concerning the Strait of Hormuz.
    August 10, 2026
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    GST refund facilitation expands provisional input tax credit refunds and removes the minimum threshold for export-related IGST refunds.
    Punjab's GST amendments facilitate voluntary compliance and reduce procedural burdens by allowing a 90 per cent provisional input tax credit refund in inverted duty structure cases and removing the minimum threshold for IGST refunds on exported goods. Additional measures cap annual fee increases by private unaided educational institutions, establish digital open universities for technology-enabled higher education, protect trees and green cover, and address common infrastructure, panchayati raj, and contractual engagement of outsourced State personnel.
    August 10, 2026
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    Video-conference statements for an approver application were declined, requiring the accused's statement to be recorded before consideration.
    Special CBI Court rejected an accused's request to record her statement through video conferencing in a bank-fraud prosecution. The accused had sought to become an approver, and her statement was required to be recorded before consideration of that application. She and her husband had previously become approvers in a related money-laundering matter involving alleged fraudulent Letters of Undertaking.
    August 10, 2026
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    Fuel price transparency highlights allegations over excise duty, consumer retail costs, and profit disclosures by state-run oil marketing companies.
    Fuel pricing, central excise duty and profits of state-run oil marketing companies are examined through allegations that retail fuel prices and tax policy imposed excessive costs on consumers while generating substantial company profits. The criticism contrasts high crude-price periods with lower retail prices and lower excise duty against a later period in which reduced crude prices were allegedly not passed through to consumers. Profit-margin disclosure is also raised as a transparency issue, with parliamentary information described as covering oil prices, global crude prices and company profits.
    August 10, 2026
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    Discharge in money-laundering proceedings turns on whether pre-charge material sufficiently establishes the alleged offence.
    Discharge in a money-laundering prosecution was sought before a special PMLA court concerning alleged siphoning and laundering of loans advanced to Jet Airways by Canara Bank. The prosecution was directed to respond, subject to the applicant not seeking adjournment. Discharge is available after filing of a chargesheet and before framing of charges where the material before the court is insufficient to establish the alleged offence. The proceedings arise from a CBI FIR concerning alleged bank fraud involving Jet Airways and associated persons.
    August 10, 2026
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    High-speed rail indigenisation and infrastructure performance monitoring require skills development, comparative planning, measurable station assessments and freight-terminal dashboards.
    Parliamentary oversight calls for accelerated indigenisation of high-speed rail components, capacity-building through international expertise, and comparative study of successful high-speed rail systems for future corridors. Redeveloped stations should be assessed through measurable indicators concerning passenger use, accessibility, cleanliness, commercial occupancy, maintenance and feedback, with completed-project practices documented and shared. Operational cargo terminals and cargo-related facilities should be monitored through a digital dashboard covering utilisation, rake performance, mechanisation, connectivity, safety compliance and customer satisfaction.

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      Customs, DGFT & SEZ

      32 FDI Proposals approved

      November 26, 2008

      Contents
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      Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting held on 18th November, 2008, Finance Minister, Shri P. Chidambaram has approved 32 Proposals of Foreign Direct Investment amounting to Rs. 845.70 Crore approximately.  The proposals relate to Ministries/Departments, namely, Commerce, Economic Affairs, Information & Broadcasting, Mines, Road Transport & Highways, Telecommunication, Industrial Policy & Promotion, Power, Urban Development, and Shipping. 

      Details of proposals approved are as follows:

      Sl. No.

      Name of the applicant

      Particulars of the proposal

      FDI/NRI inflows (Rs. In Crore)

      COMMERCE

      1

      M/s A.Y.N. Accessories Trading Ltd., (2) M/s BODO Jagdberg Hong Kong Ltd., Hong Kong

      Induction of FDI to undertake trading and export of accessories of items sourced from small scale sector.

      0.50

      2

      M/s Allergan Inc. USA

      To set up a WoS to carry out B2B sale.  The proposal attracts Press Note 1 of 2005.

      0.51

      3

      Mr. Pawan Sukhdev

      Transfer of shares to NRI in Tea plantation sector.

      1.95

      ECONOMIC AFFAIRS

      4

      M/s Reid & Tailor (India) Ltd., Mumbai

      To allot and issue equity shares warrants.

      108.33

      5

      M/s IL&FS Waste Management & Urban Services Ltd., New Delhi

      To induct FDI in an Indian company having existing downstream ventures.

      5.33

      6

      M/s Oriental Structural Engineers Pvt. Ltd., New Delhi

      Transfer of shares to set up a holding company.

      450.00

      7

      M/s Oil India Ltd., Noida

      Conversion of operating company into an operating cum holding company and IPO issue.

      Not indicated

      8

      M/s Sequoia Capital India Investments III Mauritius

      Induction of FDI in holding cum operating company engaged in the Insurance sector and to allot Compulsorily Convertible Preference Shares.

      9.52

      9

      M/s True Developers Pvt. Ltd., Chennai

      Conversion of operating company into an operating cum holding company to make further downstream investment.

      No Fresh Inflow

      10

      M/s Trans Union International Inc. USA

      To purchase and acquire fully paid up equity shares to invest in Credit Information Companies.

      2.49

      11

      M/s A.L.L. Services Under 1 Roof (I) Pvt. Ltd., Mumbai

      Post Facto approval for conversion of operating company into an operating cum holding company to make further downstream investment.  The proposal also attracts Press Note 1 of 2005.

      No Fresh Inflow

      12

      M/s Morgan Stanley India Capital Pvt. Ltd., Mumbai

      Conversion of operating company into an operating cum holding company to make further downstream investment to carry out the primary dealership activities.

      No Fresh Inflow

      13

      M/s Amtech Software Pvt. Ltd., Delhi

      Conversion of operating company into an operating cum holding company to make further downstream investment.

      25.00

      14

      M/s ORG Informatics Ltd., Gurgaon

      Post Facto approval for issue of equity share warrants.

      7.19

      15

      M/s ADEA Technologies Pvt. Ltd., Secunderabad

      Transfer of shares by way of share swap.

      No Fresh Inflow

      16

      Dr. Oetker India Pvt. Ltd. Mumbai

      Conversion of operating company into an operating cum holding company to make further downstream investment.

      110.40

      INFORMATION & BROADCASTING

      17

      M/s Television Eighteen India Ltd.

      To Launch three new regional business news channels.

      No Fresh Inflow

      18

      M/s Connoisseur Publishing Pvt. Ltd., Bangalore

      To induct FDI up to 100% in print media sector.

      0.01

      19

      M/s Reed Elsevier Overseas B.V., Netherlands

      Induction of foreign equity by way of equity shares/ compulsory convertible preference shares/ compulsorily convertible debentures to undertake the additional activities of publishing of specialty magazines.

      0.05

      20

      M/s Hill & Knowlton, Singapore

      To set up a WoS.  The proposal attracts Press Note 1 of 2005.

      0.10

      MINES

      21

      M/s Laviosa Chimica Mineraria S.P.A. Italy

      To subscribe and hold equity shares of a company proposed to be incorporated pursuant to joint venture agreement.  The proposal attracts Press Note 1 of 2002.

      2.20

      ROADS TRANSPORT & HIGHWAYS

      22

      M/s Vijaywada Tollway Pvt. Ltd., Hyderabad

      Induction of foreign equity in a company.  The proposal attracts Press Note 1 of 2005.

      15.00

      INDUSTRIAL POLICY & PROMOTION

      23

      M/s. Cholamandalam DBS Finance Ltd.

      Post facto approval for allotment of warrants to existing non-resident shareholders.

      No Fresh Inflow

      INFORMATION & BROADCASTING

      24

      M/s. Vijay Television Pvt. Ltd.

      To make downstream investment in a company engaged in Up-linking a Non News current affair TV channels.

      No Fresh Inflow

      25

      M/s. Star India Pvt. Ltd.

      To undertake Uplinking and down linking of channels and transfer of shares to Non Resident shareholders.

      No Fresh Inflow

      ECONOMIC AFFAIRS

      26

      M/s.  Gallagher Mautitius Holdings, Mauritius

      Transfer of shares by way of share swap in IT sector.

      No Fresh Inflow

      27

      M/s . Pridhvi Asset Reconstruction and Securitization Company

      Issue of shares to NRIs.  The company is engaged in Asset Reconstruction and Securitisation activities.

      30.00

      INFORMATION & BROADCASTING

      28

      M/s.  Yellowfin Holdings Ltd., Mauritius

      To set up a WOS to carry out the activity of publishing printed magazines (not being newspapers and periodicals dealing with news and current affairs).

      0.01

      TELECOMMUNICATION

      29

      M/s. XCEL Telecom Pvt. Ltd.

      Transfer of shares from Non-Resident to another Non-Resident in the Telecom sector.

      No Fresh Inflow

      URBAN DEVELOPMENT

      30

      M/s.  Drillmec S.R.L. Spain

      To set up a WoS to carry out the renting of construction of demolition equipment.

      2.00

      INDUSTRIAL POLICY & PROMOTION

      31

      M/s. Federal Mogul Corp

      To set up a new WOS to undertake Manufacture, distribution and sale of sealing products and gaskets. Proposal attracts Press Note 1 (2005 series)

      74.87

      SHIPPING

      32

      M/s. CMA CGM Agencies Worldwide

      Post facto approval for conversion of operating company into an operating cum holding company to make further downstream investment

      0.24

      2.   The following 4 (Four) proposals have been deferred:

      Sl. No

      Name of the applicant

      Particulars of the proposal

      1

      M/s GSR Sugars Pvt. Ltd., Hyderabad

      To issue share option convertible into equity shares.

      2

      M/s Lokmat Newspapers Pvt. Ltd., Mumbai

      (i) Induction of FDI in a company engaged in Print Media, (ii) Conversion of operating company into an operating cum holding company to make further downstream investment, and (iii) allotment of additional shares pursuant to the Scheme of demerger of the publication business through a scheme of demerger to be approved by the Hon'ble Bombay High Court.

      3

      M/s Prithvi Prakashan Pvt. Ltd., Mumbai

      To invest by subscribing to fresh equity shares and by acquiring existing equity shares in the business of printers and publishers of newspapers, magazines and periodicals, journals books and works and FM Broadcasting.

      4

      M/s Dow Jones & Company Inc., USA

      To make a WoS to carry out the publishing of facsimile editions of newspapers.

      3.  The following 3 (Three) proposal has been rejected:

      Sl. No

      Name of the applicant

      Particulars of the proposal

      1

      M/s.  Nagarjuna Construction Co. Ltd.

      To make amendment in two clauses of the FC approval letter.

      2

      M/s . Inuit U.S. Holdings Inc. USA

      To acquire equity share capital through multiple stock market transactions.

      3

      M/s.  Delight Investments Pte Ltd., Singapore

      Induction of foreign equity in two Indian companies and to convert their status from operating company into operating -cum-holding company  for making further downstream investments

      4. The following 2 (Two) proposals have been withdrawn from the Agenda.

      Sl. No

      Name of the applicant

      1

      M/s. Ansal Properties & Infrastructure Ltd., New Delhi

      2

      M/s.  Jaipur Mahua Tollway Pvt. Ltd., Rajasthan

       

      BSC/SS/HN/DN-305

      Topics

      ActsIncome Tax