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    CBI Arrests CGST Additional Commissioner and Two others in Rs. 40 Lakh Bribery Case in Raigad, Maharashtra
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September 2, 2026
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GST bribery allegations led to a trap operation against officials and an intermediary in a quarrying matter.
Criminal investigation concerns alleged solicitation and acceptance of an undue advantage by CGST officials in connection with settling a GST/royalty matter involving a stone-quarrying firm. The officials allegedly arranged for a private person to collect the payment. A trap operation resulted in the private person being caught while accepting the alleged undue advantage. Searches at the accused persons' premises led to recovery of cash and jewellery, while further investigation continues.
September 2, 2026
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State GST collection growth outpaced national expansion during the first five months, alongside increased VAT and CST receipts.
Haryana's SGST collections increased by 29 per cent during April-August of financial year 2026-27, exceeding the national growth rate of 16 per cent. August 2026 post-settlement SGST revenue rose by 21 per cent, compared with national average growth of 13 per cent. Haryana accounted for less than 4 per cent of national GST taxpayers but contributed approximately 7.7 per cent of aggregate national SGST, CGST and IGST collections. VAT/CST collections rose by 13.8 per cent during the same period.
September 2, 2026
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NBFC loan servicing governance retains lender control through deterministic decision rules, maker-checker controls, reconciled migration and optional AI assistance.
Lokta Next 100 offers RBI-registered NBFCs with loan books up to Rs 100 crore post-approval loan servicing, accounting, reporting, analytics, collections, recovery and partner-management functions, excluding pure-play microfinance NBFCs. Credit, approval and money decisions remain with the lender. Maker-checker approval applies to every change, and migration requires line-by-line reconciliation before cutover. Records remain lender-owned, hosted in India and exportable. AI may propose changes but cannot post to the ledger; deterministic lender-policy rules decide changes. Platform fees are deferred for up to 24 months, subject to stated loan-book thresholds.
September 2, 2026
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RTI access to maintained records does not require creation of Aadhaar date-of-birth update data on demand.
UIDAI did not maintain separate Aadhaar data on date-of-birth updates in Bihar following the announced social security pension enhancement, including month-wise or district-wise compilations. No internal review or flagging of unusual update patterns was available or applicable in its records. The Central Information Commission clarified that the RTI framework does not require a public authority to create, compile or generate information that it does not maintain in the form requested. The initial CPIO response treating the information as outside the RTI Act was considered inappropriate.
September 2, 2026
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Transgender arrest and detention safeguards prompt calls for a standard operating procedure and clearer procedural protections.
Legal and regulatory issues include safeguards for arrest and detention of transgender persons, consultation requirements in Bar Council policy-making, and procedural accountability in electoral administration and policing. Personal insolvency proceedings raise questions about tribunal powers to constitute an expanded bench. Hospitality operators are expected to comply strictly with food-safety and hygiene norms. Proposed restrictions on minors' social-media accounts address cyberbullying, online exploitation, and harmful screen exposure.
September 2, 2026
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Railway equipment purchase orders and export order expand IC Electricals' domestic and international business pipeline.
IC Electricals Company Limited has secured railway purchase orders for electrical and electronic supplies and an export order, creating combined order inflow across domestic railway operations and international markets. Its product portfolio includes regulators, battery chargers, emergency lights, inverters, microprocessor-based control systems, alternators, traction motors, and permanent magnet alternators with controllers. Forward-looking statements on business plans, projects, and research and development remain subject to risks and uncertainties and may differ materially from actual results.
September 2, 2026
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Double deflation explains negative manufacturing GVA deflators when input prices rise faster than output prices.
Double deflation in manufacturing separately deflates gross output and intermediate consumption, with real GVA derived from their difference. Where input prices rise faster than output prices, nominal GVA may grow more slowly than real GVA, producing a negative implicit GVA deflator despite rising output and input prices. A negative manufacturing GVA deflator therefore does not establish a fall in manufactured-product prices or lower real growth. The implicit GDP deflator is a derived ratio between current-price and constant-price GDP and differs from CPI and WPI because of their distinct coverage, weights, and price concepts.
September 2, 2026
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Data centre ease-of-doing-business reforms target reliable power, prepared land, streamlined approvals and building standards for faster infrastructure deployment.
Ease-of-doing-business reforms for India's data-centre ecosystem focus on faster and sustainable infrastructure deployment through reliable power, ready-to-use land, streamlined approvals and suitable building regulations. Proposed power measures include cluster-based transmission planning, first-day sanctioned load, dual feeders and cross-border renewable-energy procurement. Data-centre-ready land banks and power-ready parcels are intended to reduce development timelines. The National Building Code 2026 recognises data centres under Group E and contains a dedicated annex on fire-risk assessment and data-centre-specific performance indicators.
September 2, 2026
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Trade facilitation and customs cooperation drive follow-up action on connectivity, regulatory coordination, investment promotion and bilateral commercial engagement.
India-Afghanistan bilateral trade and economic cooperation is being advanced through institutional engagement on trade facilitation, customs cooperation, connectivity, investment and commercial exchange. Priority areas include customs and data-sharing cooperation, visa facilitation for traders, banking and financial cooperation, pharmaceutical and agricultural trade, energy cooperation, tariff concessions, cargo connectivity and port-related matters. Follow-up action covers regulatory cooperation, improved connectivity, investment promotion and business-to-business engagement.
September 2, 2026
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Residential rooftop solar subsidy requires eligibility, prior approval, registered installation, net metering, commissioning, and verified bank details for direct transfer.
PM Surya Ghar Muft Bijli Yojana provides central financial assistance for eligible grid-connected residential rooftop solar systems, capped at Rs. 78,000 for systems of three kilowatts or more. Applicants must be Indian citizens who own a suitable house, hold a valid electricity connection, and have not received an earlier solar-panel subsidy. Applications require portal registration, distribution-company feasibility approval, installation through a registered vendor, net metering, inspection, commissioning and submission of bank details. Assistance is transferred directly after verification. State-specific net-metering procedures, approvals and additional incentives may apply.
September 2, 2026
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Sovereign credit rating upgrade reflects solid growth, stronger financial systems, and improving fiscal and external resilience.
JCR upgrades India's foreign-currency and local-currency long-term issuer ratings to A- with a stable outlook, citing sustained economic growth, productivity-oriented policies and improved financial-system soundness. Fiscal constraints include elevated deficits, intergovernmental fiscal transfers, electoral-cycle sensitivity, and high combined government debt and interest burdens. Greater emphasis on infrastructure capital expenditure has improved the quality of fiscal spending. External resilience is supported by a contained current account deficit, services surplus and foreign-exchange reserves exceeding short-term external debt.
September 2, 2026
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Personal insolvency bench constitution and repayment-plan eligibility remain contested where a larger tribunal bench stays a third-member order.
Personal insolvency proceedings raised a challenge to the National Company Law Tribunal's authority to constitute a five-member bench after a split verdict. The challenge contended that the mechanism for differing views permits reference to another member or members, but does not authorise a five-member bench. The larger bench stayed the third member's order, restricted asset alienation, and suspended an order permitting settlement of personal-guarantee claims. The dispute concerned the validity of that bench, the split-verdict reference procedure, repayment-plan eligibility, and pending creditor appeals.
September 2, 2026
Show AI Summary
Digital lending app verification enables borrowers to identify regulated lenders, grievance channels, and warning signs before accepting loans.
GoCredit's Loan App Checker allows borrowers to search lending apps against the public Digital Lending App directory and identify the regulated lender, grievance contact and RBI Ombudsman escalation route where a match exists. Regulatory reporting by regulated entities enables app-level verification, while borrowers should also check the lender named in app disclosures and loan agreements. A directory listing is a regulated-entity disclosure, not RBI approval or endorsement. Unmatched apps should be assessed through verification steps and reported through official channels where appropriate.
September 2, 2026
Show AI Summary
Rupee depreciation in early trade reflected oil-price pressures, risk aversion, higher Treasury yields and broad dollar strength.
Early foreign-exchange trading saw the rupee weaken against the US dollar amid renewed US-Iran tensions, risk aversion, higher Brent crude prices, and a stronger dollar. Safe-haven demand, inflation concerns linked to potential oil-supply disruption, expectations of a September Federal Reserve rate increase, and higher US Treasury yields supported the broad dollar rally. RBI monitoring of the rupee's decline was noted.
September 2, 2026
Show AI Summary
Responsible AI governance requires ethical safeguards, privacy protection, accountability and adaptive oversight to build lasting corporate stakeholder trust.
Responsible artificial intelligence governance requires continuous innovation, inclusive development, responsible deployment and trust-based governance. AI systems should be ethical, safe, transparent, fair and human-centric, with safeguards for privacy, bias, security and accountability. Proportionate and adaptive regulation should provide clear accountability, standards, monitoring, auditability and grievance redressal. Good governance, cybersecurity, personal data protection and responsible AI together strengthen organisational resilience, stakeholder trust, transparency and sustainable innovation.
September 2, 2026
Show AI Summary
E-auction of surplus public land enables transparent outright sale of RINL parcels through registered, KYC-verified bidding.
National Land Monetization Corporation will facilitate the e-auction and outright sale of 459 encumbrance-free RINL land parcels, including residential plots and parcels suited for commercial and logistics use. Competitive bidding will occur through the RailTel E-Nivida e-procurement platform. Participation requires online registration, KYC verification, and plot-wise submission of an earnest money deposit within prescribed timelines. The process supports transparent monetisation of surplus land and non-core public assets.
September 2, 2026
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Competition approval for infrastructure finance restructuring covers acquisition, minority transfer, investment divestment, and merger of regulated NBFCs.
Competition Commission of India approval applies to the acquisition of Aseem Infrastructure Finance Limited by TPG Nicobar SG Pte. Ltd., a subsequent minority share acquisition by ICICI Bank Limited, and Aseem's divestment of its shareholding in NIIF Infrastructure Finance Limited to National Investment and Infrastructure Fund II. Following the acquisition, Climate Finance India Private Limited is intended to merge into Aseem as the surviving entity. The entities involved include RBI-registered non-deposit taking NBFCs operating in infrastructure finance, investment and credit, and infrastructure debt financing.
September 2, 2026
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Healthcare merger approval enables KCIL to acquire fertility and specialty hospital businesses alongside related equity issuances and investment.
Competition Commission approval covers KCIL's acquisition of up to 100% equity shareholding in AFCPL and 100% equity shareholding in ASHPL. The combination includes KCIL issuing equity shares and optionally convertible debentures to AHLL, representing 9.9% fully diluted shareholding as partial consideration, together with a further KCIL equity investment by Arvon Investments Pte. Ltd. KCIL operates mother and baby care hospitals, while AFCPL provides assisted reproductive treatment and reproductive-medicine services.
September 1, 2026
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Money-laundering investigation into alleged District Mineral Fund diversion examines purported liaison activity and asset acquisition through proceeds of crime.
Money-laundering proceedings under the Prevention of Money Laundering Act concern alleged diversion of District Mineral Fund resources through the Chhattisgarh Seed Corporation. The investigation alleges siphoning of public funds by contractors in collusion with government officials and political executives. A businessman was identified as an alleged liaisoner and financial coordinator between public servants, district authorities and private vendors. Allegations also include receipt of commissions, acquisition of immovable assets from purported proceeds of crime, non-production of records, and contradictory statements during questioning.
September 1, 2026
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Foreign exchange market dynamics: rupee appreciation reflected portfolio inflows, domestic growth, and possible central-bank intervention amid external pressures.
The rupee appreciated against the US dollar, supported by domestic growth, controlled fiscal slippage, portfolio-related inflows and possible Reserve Bank of India intervention. Its gains were limited by weak equity markets, rising crude oil prices and a stronger dollar. External geopolitical tensions and hawkish US monetary signals remained potential pressures. Domestic indicators showed strong economic activity, while the current account deficit widened because of a higher merchandise trade deficit. Foreign portfolio inflows continued despite investors remaining net sellers during the year.

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Customs & Trade

Getting to 'no': Europe's leaders find way to speak with one voice against Trump

January 25, 2026

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London, Jan 25 (AP) No more fawning praise. No more polite workarounds and old-style diplomacy. And no one is calling Donald Trump “daddy” now.

European leaders who scrambled for a year to figure out how to deal with an emboldened American president in his second term edged closer to saying “no,” or something diplomatically like it, to his disregard for international law and his demands for their territory. Trump's vow to take over Greenland and punish any country that resists seems to have been the crucible.

"Red lines" were deemed to have been crossed this year when Trump abruptly revived his demand that the United States “absolutely” must rule Greenland, the semiautonomous region that is part of NATO ally Denmark. That pushed even the most mild-mannered diplomats to issue sharp warnings against Trump, whom they had flattered withroyal treatment and fawning praise.

“Britain will not yield" its support for Greenland's sovereignty, British Prime Minister Keir Starmer said. Several of the continent's leaders said “Europe will not be blackmailed” over Greenland.

“Threats have no place among allies,” said Norwegian Prime Minister Jonas Gahr Støre.

The tough diplomatic talk around the showdown last week in Davos, Switzerland, was not the only factor pressuring Trump. US congressional elections are approaching in November amid a sinking stock market and wilting approval ratings. European leaders also are not the first to stand in Trump's way during his second term — see Federal Reserve Chair Jerome Powell.

But the dramatic turnabout among Europe's elite, from “appeasing” Trump to defying him, offers clues in the ongoing effort among some nations of how to say “no” to a president who hates hearing it and is known to retaliate.

“We want a piece of ice for world protection, and they won't give it,” Trump told his audience at the World Economic Forum. “You can say yes, and we will be very appreciative. Or you can say no, and we will remember.” Lesson 1: Speak as one ------------------------------ In recent days, Europe offered abundant refusals to go along with Trump, from his Greenland demand and joining his new Board of Peace and even to what Canada's Mark Carney called the “fiction” that the alliance functions for the benefit of any country more than the most powerful. The moment marked a unity among European leaders that they had struggled to achieve for a year.

“When Europe is not divided, when we stand together and when we are clear and strong, also in our willingness to stand up for ourselves, then the results will show,” Danish Prime Minister Mette Frederiksen said. “I think we have learned something.” Federiksen herself exemplified the learning curve. A year ago, she and other leaders were on their heels and mostly responding to the Trump administration. She found it necessary to tell reporters in February 2025, “We are not a bad ally,” after Vice President JD Vance had said Denmark was “not being a good ally.” Trump is transactional. He has little use for diplomacy and no “need (for) international law,” he told The New York Times this month. Therein lay the disconnect between typically collaborative European leaders and the Republican president when he blazed back into the White House, saying he wanted the US to take over Greenland, Panama and perhaps even Canada.

“In Trump's first term, Europe didn't know what to expect and tried to deal with him by using the old rules of diplomacy, with the expectation that, if they kept talking to him in measured terms, that he would change his behavior and move into the club,” said Mark Shanahan, associate professor of political engagement at the University of Surrey,.

“It's very hard for other leaders who deal with each other through the niceties of a rules-based system and diplomatic conversation," Shanahan said. "It is hard for them to change.” Five months after Trump's inauguration last year, with his Greenland threat in the air, European leaders had gotten their heads around Trump management enough to pull off a meeting of NATO nations in the Netherlands. NATO members agreed to contribute more and widely gave Trump credit for forcing them to modernise.

Secretary-General Mark Rutte, known as the coalition's “Trump whisperer," likened the president's role in quieting the Iran-Israel war to a “daddy” intervening in a schoolyard brawl.

Lesson 2: Consider saying no — and make choices accordingly ----------------------------------------------------------------------- Traditional diplomacy exists to preserve possibilities of working together. That often means avoiding saying a flat “no” if possible. But Trump's Greenland gambit was so stark a threat from one NATO member to another that Greenland's prime minister actually said the word.

“Enough,” Jens-Frederik Nielsen said in a statement shortly after Trump's remarks Jan. 5. “No more pressure. No more hints. No more fantasies about annexation.” That played a part in setting the tone. Denmark's leader said any such invasion of Greenland would mark the end of NATO and urged alliance members to take the threat seriously.

They did, issuing statement after statement rejecting the renewed threat. Trump responded last weekend from his golf course in Florida with a threat to charge a 10 per cent import tax within a month on goods from eight European nations — Denmark, Norway, Sweden, France, Germany, the United Kingdom, the Netherlands and Finland. The rate, he wrote, would climb to 25 per cent on June 1 if no deal was in place for “the Complete and Total purchase of Greenland” by the United States.

Lesson 3: Reject Trump's big-power paradigm ------------------------------------------------------ Trump's fighting words lit a fire among leaders arriving in Davos. But they seemed to recognise, too, that the wider Trump world left him vulnerable.

“Trump was in a fairly weak position because he has a lot of other looming problems going on,” domestically, including an upcoming US Supreme Court decision on his tariffs and a backlash to immigration raids in Minnesota, said Duncan Snidal, professor emeritus of international relations at Oxford University and the University of Chicago.

Canada's Carney said no by reframing the question not as being about Greenland, but about whether it was time for European countries to build power together against a “bully", and his answer was yes.

Without naming the US or Trump, Carney spoke bluntly: Europe, he said, should reject the big power's “coercion” and “exploitation." It was time to accept, he said, that a “rupture” in the alliance, not a transition, had occurred.

Unsaid, Snidel pointed out, was that the rupture was very new, and though it might be difficult to repair in the future, doing so under adjusted rules remains in US and European interests beyond Trump's presidency. “It's too good a deal for all of them not to,” Snidel said.

Lesson 4: Exercise caution ---------------------------------- Before Trump stepped away from the podium in Davos, he had begun to back down.

He cancelled his threat to use “force” to take over Greenland. Not long after, he reversed himself fully, announcing “the framework" for a deal that would make his tariff threat unnecessary.

Trump told Fox Business that “we're going to have total access to Greenland,” under the “framework," without divulging what that might mean.

Frederiksen hit the warning button again. In a statement, she said, “We cannot negotiate on our sovereignty." In other words: “No.” (AP) SKS SKS

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