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    Mining firm director arrested for GST fraud of Rs 53 cr in Nagaland
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January 12, 2026
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GST fraud involving Rs 53.28 crore in fake invoices and fraudulent input tax credit resulted in an arrest.
Allegations concern a scheme to obtain fraudulent input tax credit by issuing and receiving fake invoices without actual supply of goods; investigators found absent e-way bills, transport records and bank statements, and physical verification showed firms non-existent or non-operational. Enforcement action by the Anti-Evasion Unit resulted in the arrest of a company director under statutory provisions addressing issuance of invoices without supply and fraudulent availment of input tax credit, with offences treated as cognisable and non-bailable and further investigations continuing to identify other involved entities and persons.
January 12, 2026
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Sensex falls as foreign fund outflows and trade-related concerns weigh on markets amid geopolitical tensions.
Benchmark equity indices opened lower as sustained foreign institutional selling and trade-policy uncertainty, together with geopolitical tensions, depressed investor sentiment; domestic institutional purchases provided partial offset but external net selling drove early Sensex and Nifty declines, with noted net flow figures and short-term index percentage losses.
January 12, 2026
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Rupee depreciation tied to rising crude prices and foreign portfolio outflows, with RBI reserves showing weekly decline.
The report attributes the rupee's early trade depreciation to rising crude prices and sustained foreign portfolio outflows, linking those flows to risk-off sentiment and equity sell-offs. It highlights the operational relevance of RBI weekly foreign exchange reserves data-specifically a notable weekly decline-as an indicator of external-sector pressure, and frames these developments within the monitoring and regulatory context of FEMA.
January 12, 2026
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Mizoram assembly Budget Session begins Feb 17; BAC to fix when the 2026-27 Budget is tabled and session length.
The Budget Session of the Mizoram Legislative Assembly will begin on February 17; the Business Advisory Committee, chaired by the Speaker, will determine the date for tabling the 2026-27 Budget and set the session's duration based on official business. This is the sixth session of the ninth assembly since the current government assumed office.
January 12, 2026
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Federal Reserve subpoenaed by DOJ over Powell's renovation testimony; threat of criminal charges raises independence concerns.
The DOJ subpoenaed the Federal Reserve regarding Chair Powell's Senate testimony about a $2.5 billion building renovation and has threatened criminal charges; Powell characterizes the action as a pretext to undermine the Fed's independence and to apply political pressure to monetary policy, while DOJ says it prioritizes investigating alleged misuse of taxpayer funds and a senator has raised objections pending resolution.
January 12, 2026
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Gemini AI chatbot now supports in-chat shopping with instant checkout, account linking, and expanded payment integration.
Google and retailers have enabled in-chat shopping in the Gemini AI chatbot: participating merchants provide inventory and recommendations, linked retailer accounts allow personalized suggestions and purchases made via an instant checkout can be merged with existing retailer carts. Initial payments use cards linked to Google accounts with additional payment providers to be added, and the rollout is initially limited to US users with planned international expansion.
January 11, 2026
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Ashwini Vaishnaw attends a Washington meeting on critical minerals to strengthen supply-chain resilience and national economic security.
Ashwini Vaishnaw travelled to Washington to attend a ministerial meeting focused on critical mineral supply chains, with G7 participants and invited partners discussing resilience to market concentration in refining and processing. The meeting highlighted the link between resource policy and national economic security and sought coordinated measures to reduce reliance on single-country chokepoints for copper, lithium, nickel, cobalt, graphite and rare earth elements.
January 11, 2026
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Kerala remittance-based economy needs broader inclusive development to create domestic opportunities across tourism, IT, and manufacturing.
Remittances should not be the sole pillar of Kerala's economy; an inclusive development model must create in state opportunities for all citizens. Priority areas for expansion include tourism, education, maritime trade, Ayurveda and medicinal products, spices, data storage, IT, and semiconductors-sectors that leverage intellectual capability rather than large land. Diversifying toward these sectors while retaining remittance inflows is presented as necessary to extend development beyond households dependent on foreign-earned income.
January 11, 2026
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Show cause notices issued to 6,871 personnel for absenteeism from Mumbai election duties; police and disciplinary action to follow.
Show cause notices were issued to 6,871 officers and employees for failing to attend mandatory training or report for election duties for the January 15 Mumbai civic polls; 2,350 rejoined while 4,521 remain absent. Directed by the BMC Additional Municipal Commissioner, the administration will commence police action and departmental disciplinary proceedings under election laws against continuing absentees, including registration of offences and imposition of penalties.
January 11, 2026
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Samyukt Kisan Morcha opposes a US Free Trade Agreement, demands release of Sonam Wangchuk and repeal of UAPA.
Samyukt Kisan Morcha adopted a resolution opposing a Free Trade Agreement with the US that would open agriculture and dairy, demanded immediate release of Sonam Wangchuk and repeal of the Unlawful Activities (Prevention) Act, and called for sustained pan India militant mobilisation. It resolved organised protests including an All India Resistance Day, a Republic Day People's March, a general strike opposing the Electricity and Seeds Bills and repeal of four labour codes, and advanced long term demands for statutory MSP at C2+50% with guaranteed procurement and restoration of greater state taxation shares.
January 11, 2026
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Postal training centre in Shivpuri funded with Rs 111 crore; new Speed Post 24 and Speed Post 48 delivery guarantees announced.
The government will establish a National Postal Training Centre in Shivpuri with a Rs 111 crore public investment to expand postal workforce training; officials are directed to complete the project within 8-12 months with the foundation stone to be laid on a subsequent visit. Two new India Post services, Speed Post 24 and Speed Post 48, were announced to provide guaranteed delivery within 24 and 48 hours respectively, setting new time-bound delivery benchmarks across the postal network.
January 11, 2026
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Joint NCP manifesto promises daily tap water and free metro and bus rides for key groups in Pimpri Chinchwad.
The joint manifesto pledges universal daily tap water and fare free metro and PMPML bus services for workers, students, women and senior citizens, asserting elected civic representatives may allocate budget for such services. It prioritises accelerated civic infrastructure (drainage, roads), smart traffic management, CCTV surveillance, expanded e governance, waste management, pollution control, green spaces, secure housing and slum rehabilitation, and targeted senior citizen programmes, presenting these as people centric and implementation focused municipal commitments.
January 11, 2026
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Punjab launches mining-site auctions with price-based bidding, upfront payments, bidder-led environmental clearances, and dead rent rules.
Punjab replaced volume-based selection with competitive price bidding for mining site allocation, imposed upfront payments and advance royalty collection, shifted environmental-clearance responsibility to bidders, introduced dead rent to curb speculative bids, and extended lease tenures from three to five years; Phase 1 auctioned 29 sites yielding 16 successful bids and Rs 11.61 crore, with about 100 more sites slated for staged auctions.
January 11, 2026
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Anti-money laundering enforcement expands to asset attachment, ED raids, and stricter crypto KYC including liveness and geo-tagging.
Anti-money laundering enforcement emphasizes securing suspected proceeds and preserving assets, including potential campus attachment under AML law, and challenges to alleged interference in investigative raids. Concurrently, regulators mandate enhanced KYC for crypto exchanges-liveness detection and geo-verification-expanding compliance obligations for virtual-asset providers. Preventive-detention doctrine is clarified to require concrete public-order grounds beyond speculative reoffending fears.
January 11, 2026
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NHAI sets four Guinness World Records for continuous paving on Bengaluru-Kadapa-Vijayawada corridor, achieving record lane-km and tonnage.
NHAI reported four Guinness World records for continuous laying and paving of bituminous concrete on the Bengaluru Kadapa Vijayawada Economic Corridor: 28.89 lane km (3 lane, 9.63 km) in 24 hours; 10,655 metric tonnes in 24 hours; 57,500 metric tonnes continuous laying; and continuous paving of 156 lane km (3 lane, 52 km), achieved across Package 2 and Package 3 of the 343 km, access controlled six lane corridor.
January 11, 2026
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Kerala protest over alleged Centre economic blockade amid disputed funding figures and withheld borrowings and loans.
The dispute alleges that the Centre curtailed Kerala's fiscal autonomy by cutting loan permissions, reducing permissible borrowings citing off budget liabilities, withholding Rs 965 crore via IGST recovery and denying loans for land acquisition, measures the state calls an "economic blockade" obstructing development. The Centre rebuts the allegation with aggregate transfer and programme funding figures for infrastructure and urban schemes, framing the issue as a disagreement over financing flows, accounting adjustments and the administrative treatment of borrowings and recoveries.
January 11, 2026
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Shivakumar expresses confidence in party decision, defends his record, and challenges opponents to a public debate on MGNREGA.
D K Shivakumar expresses confidence in the Congress party's decision on his political future, describes an intraparty "power tussle" amid a prior 2023 power sharing pact, and cites his 2019 arrest in a money laundering probe and subsequent bail as evidence of continued public support. He defends his coalition record, rejects the need for outside certification of his conduct, invites debates on rural employment policy and challenges opponents over MGNREGA while supporting repeal of the new rural employment scheme in favor of the earlier UPA-era programme.
January 11, 2026
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ED raid obstruction allegations: BJP seeks jail for CM and police officials; ED seeks transfer of probe to central agency.
Allegations concern obstruction of an Enforcement Directorate search at premises tied to a political consultancy, with claims that senior officials removed files and a laptop, prompting demands for imprisonment and a report that the ED has moved to higher courts seeking transfer of the investigation to a central agency to remove it from state control.
January 11, 2026
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Himachal Pradesh electricity board posts Rs 300 crore profit; grid code, smart meters, staff hires and rural projects announced.
Himachal Pradesh State Electricity Board Limited recorded Rs 300 crore profits for April-December 2025, credited to policy reforms and modernisation including adoption of the Electricity Grid Code. Complementary measures comprise installation of 1.5 lakh smart meters for real time monitoring, engagement of over 2,100 operational staff to improve repairs and disaster response, targeted transmission and distribution projects in tribal areas, deployment of 1 kW solar off grid systems to 148 remote households, and planned construction of six 33KVA/11KVA substations in Kangra district.
January 11, 2026
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Ukraine invites Indian businesses to aid postwar reconstruction and deepen economic and defence cooperation ties.
Ukraine's ambassador urged Indian participation in the Ukraine Recovery Conference and postwar reconstruction, citing active bilateral dialogues across industry, education, agriculture, engineering, IT, energy, logistics, and traditional commodity sectors, and proposing expanded industrial, technological, and defence cooperation within the Make in India framework.

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eBay celebrates Global Entrepreneurial Excellence at Exporter of the Year 2025 in Hanoi

January 12, 2026

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Bengaluru (Karnataka) [India], January 12: eBay, one of the world’s largest online marketplaces connecting 134 million buyers across more than 190 markets, hosted its annual Exporter of the Year 2025 event in Hanoi Vietnam this December, recognising outstanding sellers from emerging markets who are driving global trade, innovation, and sustainable commerce. • Recognizing entrepreneurial excellence and cross-border innovation, eBay hosted 100 top sellers from global emerging markets at its annual flagship event in Hanoi, Vietnam. • Representing Indian sellers, Aanshul Jain received the Luxury Excellence Award 2025 for demonstrating exceptional business growth in 2025. • The event empowered sellers with insights into emerging trends, AI-powered commerce, and strategies for scaling internationally, through a range of keynotes, interactive workshops, and networking sessions. The two day event brought together more than 100 top performing sellers from Eastern Europe, the Middle East, India, Latin America, and Southeast Asia, creating a global platform for connection, learning, and recognition. During the awards night, 22 exceptional sellers were honoured for their strong growth performance and continued commitment to delivering trusted world class buyer experiences. These sellers distinguished themselves by effectively leveraging eBay’s ecosystem, including marketplace access, logistics, advertising, and seller tools, to succeed in cross border trade despite ongoing global uncertainty. Indian eBay sellers delivered an impressive performance, led by Aanshul Jain from Uwajh Jewelry, who won the Luxury Excellence Award 2025 in recognition of exceptional business growth during the year. Further strengthening India’s presence, Amit Garg of Gyan Books was named Runner-Up for the Business & Industrial Excellence Award, Lokesh Teli from 925Silverpalace2012 earned Runner-Up for the Fashion & Jewelry Excellence Award, and Himanshu Shinh of Carat Forever was recognised as Runner-Up for the Luxury Excellence Award. Setting sellers up for success with insights, tools, and resources The Hanoi edition featured keynote addresses from global eBay leaders alongside interactive workshops and networking sessions, offering actionable insights into emerging trends, AI-powered commerce, and global growth. Highlights included a 2026 global market outlook, category-focused workshops on Parts & Accessories and alternative inventory models, sessions on managed shipping and advertising strategies, interactive eBay Live experiences, and 1:1 consultation with experts. Vidmay Naini, General Manager of Global Emerging Markets at eBay, emphasized the company’s dedication to empowering sellers: “Exporter of the Year 2025 is more than a celebration of success—it reflects the resilience, innovation, and global ambition of our sellers. At eBay, we enable businesses of all sizes to access more than 190 markets and connect with millions of buyers worldwide, empowering them to participate meaningfully in cross-border trade. Through trusted buyer relationships, a thriving circular commerce model and a strong end-to-end seller ecosystem, we are helping entrepreneurs transform global challenges into sustainable, long-term growth.” To learn more about becoming an eBay exporter, visit https://export.ebay.com/en/ About eBay Inc. eBay Inc. (Nasdaq: EBAY) is a global commerce leader that connects people and builds communities to create economic opportunity for all. Our technology empowers millions of buyers and sellers in more than 190 markets around the world, providing everyone the opportunity to grow and thrive. Founded in 1995 in San Jose, California, eBay is one of the world’s largest and most vibrant marketplaces for discovering great value and unique selection. In 2024, eBay enabled $74.7 billion of gross merchandise volume. For more information about the company and its global portfolio of online brands, visit www.ebayinc.com. (Disclaimer: The above press release comes to you under an arrangement with PNN and PTI takes no editorial responsibility for the same.). PTI

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