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    Over 36,000 firms shut operations in Maharashtra in 5 yrs; Oppn claims graft, govt interference
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August 12, 2026
Show AI Summary
Corporate closure data highlights worker-claim treatment through insolvency adjudication and liquidation priority, while affected-worker information remains unmaintained.
Corporate closure data recorded 36,211 private companies in Maharashtra as liquidated, dissolved or struck off during the preceding five financial years. Central information is not maintained on workers affected by closures or special rehabilitation packages. In corporate insolvency resolution, employee and worker claims are adjudicated under orders of the adjudicating authority. In winding-up or liquidation, the liquidator deals with pending wages and other admissible statutory dues, subject to available funds and the statutory order of priority.
August 12, 2026
Show AI Summary
Compressed biogas development converts organic waste into cleaner fuel, rural income and reduced dependence on imported fossil fuels.
CBG development is presented as a route for converting agricultural and organic waste into biomethane, bio-fertiliser and briquettes while reducing fossil-fuel imports, crop-residue burning and waste-management burdens. NexGen Energia's asset-light land-partner model uses landowner-provided sites while the company designs, installs and operates plants, including gas upgrading and offtake logistics. Anaerobic digestion and alternative gas-purification technologies support use of agricultural residue, food waste, manure and distillery effluent. Expansion is linked to the GOBARdhan National Circular Bioenergy Scheme, despite capital, feedstock-aggregation and commissioning constraints.
August 12, 2026
Show AI Summary
Bilateral trade cooperation advances through investment focal points, services and health working groups, and planned preferential trade agreement negotiations.
India-Namibia economic cooperation is being progressed through agreed follow-up mechanisms focused on value addition, investment facilitation and sectoral collaboration. Investment focal points have been designated, and a Services Working Group is to prepare a work plan for the Joint Trade Committee. Priority areas include health and pharmaceuticals, critical-mineral processing, gems and jewellery, digital payments, FinTech, railways, renewable energy and green hydrogen. Terms of Reference for the India-SACU preferential trade agreement were finalised, with negotiations to begin after signature and conclude within one year.
August 12, 2026
Show AI Summary
AI governance in banking requires explainability, board accountability, rigorous testing, vendor controls and meaningful human oversight for customer-facing decisions.
AI adoption in banking should be governed through a principles-based and proportionate framework that aligns innovation with financial stability, customer protection and accountability. Banks should maintain inventories of AI systems, adopt board-approved governance policies, ensure explainability for material lending and fraud decisions, conduct periodic red-teaming and stress testing, and preserve meaningful human oversight. Key risks include opacity, bias, vendor concentration, third-party dependence, data misuse, cyber vulnerability and loss of institutional accountability. Vendor arrangements require audit and explanation rights and credible exit plans.
August 11, 2026
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Land acquisition funding and regulatory approvals advance satellite-city development, tax relief, identity enrolment, employment verification, and jail reform.
Assam Cabinet approvals include first-phase funding for land acquisition and development of the Aerotropolis Satellite City Project and a lease deed for a hotel supporting the Jagiroad semiconductor ecosystem. Measures also provide Aadhaar enrolment relaxation for Moran and Matak communities, zero agricultural tax up to the prescribed net-income threshold, OBC Non-Creamy Layer certificates, and trainee and graduate-assistance funding. Government jobs will be provisionally held pending police verification, with automatic confirmation where no report is submitted within six months. Jail rules will be amended to promote non-discrimination, sanitation, security and fair work allocation.
August 11, 2026
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Money-laundering investigation into alleged liquor-sale proceeds led to arrest and custodial questioning amid contested political allegations.
Money-laundering investigation concerning an alleged liquor scam led to the Enforcement Directorate's arrest of Ramgopal Agrawal and seven days' custodial remand under the Prevention of Money Laundering Act. The agency alleged his connection with proceeds of crime, non-attendance despite multiple summonses, and evasiveness during questioning. Allegations concern purported control of the state excise department, illegal liquor sales, and sharing of commissions. The Congress has denied the allegations and described the investigation as politically motivated.
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
Show AI Summary
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
Show AI Summary
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
Show AI Summary
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
Show AI Summary
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
Show AI Summary
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
Show AI Summary
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
Show AI Summary
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
Show AI Summary
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
Show AI Summary
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.

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Customs & Trade

HIGHLIGHTS

January 15, 2026

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New Delhi, Jan 15 (PTI) Following are the top stories at 9 pm: NATION DEL58 MEA-INDIA-2NDLD EU (7.20 PM)

EU's Costa, von der Leyen to grace R-Day celebrations; historic trade deal at finish line New Delhi: Top European Union leaders Antonio Costa and Ursula von der Leyen will grace India's Republic Day celebrations and the two sides are set to seal the much-anticipated free trade deal on January 27 amid increasing concerns over Washington's trade and tariff policies.

DEL62 INDIA-IRAN-CONTINGENCY (7.37 PM)

MEA making contingency plans to evacuate Indians from Iran New Delhi: India is making preparations to evacuate Indians from Iran in view of the precarious situation there as the US has not ruled out any military action against Tehran over its crackdown on nationwide protests.

DEL65 SC-WB-LDALL ED RAIDS (7.52 PM)

ED raids row: SC terms allegation of obstruction in central probe in WB "serious", issues notice to CM Mamata New Delhi: The Supreme Court on Thursday termed the ED's allegation of obstruction by West Bengal Chief Minister Mamata Banerjee in its probe and search operation at the office of political consultancy firm I-PAC as "serious" and agreed to examine if law enforcement agencies of a state can interfere with a central agency's investigation into any serious offence.

BOM68 MH-CIVIC POLLS-3RDLD RAJ THACKERAY (7.59 PM)

Civic polls: Uddhav urges voters to dislodge BJP regime; Raj Thackeray accuses SEC of bias Mumbai: Shiv Sena (UBT) chief Uddhav Thackeray on Thursday claimed irregularities in the Maharashtra civic polls, terming it an attempt to murder democracy, and urged voters to dislodge the "brutal, fraud, corrupt and dictatorial regime of the BJP".

DEL56 AVI-LD AIR INDIA-PLANE DAMAGE (6.58 PM)

Air India Delhi-New York flight engine sucks in baggage container; no one injured New Delhi: Air India's newest Airbus A350, operating a Delhi-New York flight with over 250 passengers on board, sustained engine damage after ingesting an improperly secured baggage container while taxiing to its parking bay at Delhi airport, sources said.

MDS17 KL-TRAINEES-2NDLD SUICIDE (5.08 PM)

Kerala: Two sports trainees found hanging in hostel, probe launched Kollam (Kerala): Two teenage girl athletes, both trainees staying at a SAI hostel, were found dead in one of their rooms on Thursday in an apparent suicide pact, the police said.

DEL68 HP-CM-APPLES (8.10 PM)

Himachal CM seeks 100 pc import duty on apples to save state's economy New Delhi: Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu on Thursday took up the issue of apple growers with the central government and urged for its immediate intervention against the dumping of foreign apples, which is hurting the state's economy.

DEL70 VBGRAMG-MGNREGA-TRANSITION (8.28 PM)

MGNREGA job cards to be used for work under new law to ensure smooth transition: Official New Delhi: Workers with MGNREGS job cards would be able to get work under the new rural employment scheme Viksit Bharat- Guarantee for Rozgar and Aajeevika Mission (Gramin) as it unrolls, government sources said on Thursday.

BOM53 CG-NAXAL SURRENDER (R) (5.19 PM)

52 Naxalites surrender in Chhattisgarh’s Bijapur Bijapur (Chhattisgarh): As many as 52 Naxalites, 49 of them carrying a collective bounty of over Rs 1.41 crore, surrendered before the police in Chhattisgarh’s Bijapur district on Thursday, a senior official said.

LEGAL LGD42 SC-WB-IPAC-ED-RAIDS-JANTAR MANTAR (05:21 PM)

The SC flagged concern over the enormous disturbance and commotion in the Calcutta High Court on January 9 on account of an unmanageable crowd which forced it to adjourn the scheduled hearing of cases related to the ED's search and seizure operations at political consultancy firm I-PAC's office.

LGD54 SC-DIGITAL ARREST-COMMITTEE (7.16 PM)

High-level panel formed to examine digital arrest issues: MHA tells SC New Delhi, Jan 15 (PT1) The Ministry of Home Affairs (MHA) on Thursday informed the Supreme Court that it had formed a high-level committee to examine issues regarding digital arrest scam cases.

BUSINESSS DEL52 BIZ-LD INDIA-US-TRADE TALKS (6.03 PM)

India, US trade deal 'very near'; both sides engaged on pending issues: Comm Secy New Delhi: India and the US are "very near" to finalising the trade agreement, and it would be announced when both sides are ready, Commerce Secretary Rajesh Agrawal said on Thursday.

DEL66 BIZ-SMARTPHONE-EXPORTS (7.53 PM)

Smartphone exports up 43.7 pc during Apr-Nov: Comm min data New Delhi: The country's smartphone exports rose 43.7 per cent to USD 18.8 billion during the April-November period this fiscal year, according to the commerce ministry data released on Thursday.

DEL54 BIZ-INDIA-IRAN-TRADE (6.52 PM)

Awaiting clarity on US' proposed Iran-related tariffs: Comm Secy New Delhi: India on Thursday said its exports to Iran are largely humanitarian and it will wait for the US executive order on the 25 per cent tariff announced by President Donald Trump on countries doing business with Tehran to assess its implications.

FOREIGN FGN52 ANGLA-INDEMNITY-ORDINANCE (7.10 PM)

Bangladesh’s interim govt approves law to protect ‘July warriors’ from prosecution Dhaka: Bangladesh’s interim government of Muhammad Yunus on Thursday approved a draft ordinance to indemnify from prosecution the protesters who led the demonstrations that toppled then prime minister Sheikh Hasina’s Awami League regime on August 5, 2024.

FGN57 LANKA-PREZ-TAMILS (8.07 PM)

We will build a country free of racism: Sri Lankan Prez to Tamils Colombo: Sri Lankan President Anura Kumara Dissanayake on Thursday assured the minority Tamil community that he would build a country free of racism and rich in national unity.

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