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    Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman delivers keynote address at Seminar on “Role of the New Development Bank in M...
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August 12, 2026
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Private capital mobilisation requires credible long-term frameworks, risk-sharing mechanisms, and multilateral partnerships to strengthen infrastructure investment.
Private capital mobilisation in infrastructure and development finance depends on credible long-term frameworks, investor confidence, project bankability, and balanced risk allocation. Public capital is intended to catalyse rather than replace private investment. Key financing mechanisms include Viability Gap Funding, the Hybrid Annuity Model, credit enhancement, and Infrastructure Investment Trusts. Long-term investment visibility and coordinated connectivity are supported through the National Infrastructure Pipeline and PM Gati Shakti framework, alongside investment measures for freight, rail, waterways, and coastal cargo.
August 12, 2026
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Judicial allowance exemptions under the new tax regime remain disputed, with return processing and resulting demands kept in abeyance.
Tax treatment of specified judicial allowances under the new income-tax regime is disputed. Statutory service-condition provisions are asserted to exclude allowances, including official residence, conveyance, sumptuary allowance and leave travel concession, from income computation and to override the Income-tax Act. Pending consideration, affected judges may show these amounts as receipts not in the nature of income, and their returns are not to be processed further. Any resulting demand remains in abeyance, while refundable amounts are withheld subject to the pending proceedings.
August 12, 2026
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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
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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
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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
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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
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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
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
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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.

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The Torchbearers: Leading with Purpose and Passion

January 27, 2026

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CHANDIGARH, India, Jan. 27, 2026 /PRNewswire/ -- Kiteskraft Productions LLP proudly presents The Torchbearers: Leading with Purpose and Passion. Beyond conventional roles, they stand as mentors and change-makers, inspiring ethical leadership, creativity, and social responsibility. Through visionary impact and community engagement, they shape progress and leave a lasting legacy for future generations. Dr. Sushant Rajput: Dr. Sushant Rajput is a senior business leader, award-winning author, TEDx speaker, and mentor, recognised for driving business growth at the intersection of strategy, execution, and human potential. Currently Vice President at eClerx Services Ltd., he brings over two decades of leadership experience across IT services, financial markets, and digital transformation. His career reflects a belief in purposeful reinvention, moving beyond linear paths to create scalable impact while nurturing people, culture, and long-term value. He has enabled growth initiatives, strengthened organisational capabilities, and translated complex market dynamics into sustainable outcomes. Alongside his corporate role, he is an Amazon bestselling author of I Wish Someone Told Me This Before My First Job and Mindful Momentum, promoting clarity, consistency, and mindful leadership. As a visiting faculty member and mentor, he bridges corporate practice with academic learning, earning honours from the University of Oxford for thought leadership and student development, globally recognized. Daman Derling: Daman Derling, mult. h.c., is a globally respected authority in mantra, yajna, tantra, and astrology, with over 25 years of dedicated practice in ancient metaphysical sciences. Known for integrating timeless Eastern wisdom with modern leadership and consciousness studies, he has guided individuals, institutions, and global organizations toward clarity, balance, and purposeful transformation. A trusted advisor to world leaders, entrepreneurs, and public figures, his work is valued for its authenticity, precision, and measurable impact. Beyond spiritual guidance, his influence extends to global policy and cultural advocacy through his role as a Board Member of the World Cultural and Environmental Commission, where he champions cultural preservation, ecological harmony, and social well-being. His journey has been featured across India Today, Business Today, Forbes, Times of India, Hindustan Times, The CEO Magazine, Dailyhunt, and Google News. Honored with global leadership, international excellence, spiritual impact, and cultural ambassador awards, Daman Derling stands as beacon. Dr. Ganesh Reddy: Dr. Ganesh Reddy is a dynamic edupreneur, purpose-driven institution architect, and emerging fiction author creating impact at the intersection of education, entrepreneurship, and social development. An accomplished academic and mentor, he will make his literary debut with a fiction novel releasing in February 2026, reflecting his lifelong passion for storytelling and creative expression. As a pioneering education leader, Dr. Reddy heads a rapidly expanding school franchise network across India, committed to delivering future-ready learning grounded in innovation, ethics, and strong value systems. His model nurtures confident learners while empowering educators and partners to build sustainable ecosystems of excellence. Extending his vision beyond education, he is entering the healthcare sector with a mission to improve accessibility, raise quality benchmarks, and promote ethical service delivery. This expansion reflects his belief that lasting progress emerges from purpose-driven institutions. Balancing enterprise with creativity, Dr. Ganesh Reddy blends leadership and imagination with lasting impact. Dr. Sanjeev Kumar: In an era of fleeting digital narratives, Dr. Sanjeev Kumar stands as a leading voice restoring depth and purpose to modern Hindi literature. Rising from rural Uttar Pradesh to national and global platforms, his journey reflects disciplined scholarship and unwavering cultural conviction. With more than 283 published books spanning literature, children's writing, and authoritative legal works, he ranks among India's most prolific contemporary authors. His revival of Prabandh Kavya has reintroduced classical epic poetry to modern audiences, blending tradition with present-day relevance. His contributions to children's literature further nurture values, imagination, and cultural awareness among young readers. Beyond literature, his engagement with legal scholarship and work connected to the Supreme Court of India reveal a rare synthesis of intellectual rigor and ethical responsibility. As founder of Vama Academy and BPA Foundation, he remains deeply committed to education and social empowerment. Dr. Sanjeev Kumar is an institution shaping India's future. Prof. Dr. Anshuman Naik: Prof. Dr. Anshuman Naik, MBBS, MD, offers online consultation via WhatsApp (9556477997) for diabetes, obesity, post-menopausal syndrome, PCOD, and thyroid disorders. Widely known as the "True Enemy of Diabetes" and a one-man army against metabolic disorders, Dr. Naik holds a Diploma in Endocrinology and Diabetes and is a Fellow of Diabetes India, the Euro-Asian Academy of Clinical Diabetology, and the Indian Society of Chronomedicine. He has also completed the Advanced Management of Diabetes and Related Disorders program from Harvard Medical School. Over the past decade, Dr. Naik has treated more than one lakh people with diabetes using an integrative approach focused on yoga, exercise, home-based nutrition, and minimal medication. In 2012, he established Sweet Life Diabetes Care & Research Center in the tribal district of Sundergarh, Odisha. His contributions have earned multiple accolades, including the Best Diabetologist Award conferred by the Governor of Maharashtra for outstanding service and impact. Dr. Abhijeet Kumar Shrivastaw: Dr. Abhijeet Kumar Shrivastaw is a visionary technology leader and social changemaker working at the intersection of innovation, education, and community development. Founder and Director of Abhinnovation Technologies Pvt. Ltd., Tech Q Labs LLP and Abhinnovation media and entertainment he has pioneered secure, scalable, future-ready online examination and EdTech solutions that enhance efficiency, transparency, and reliability for institutions. With over a decade of experience, he has delivered high-impact projects for government, defence, and private organizations, earning recognition for strategic leadership and operational excellence. His platforms have benefited thousands of institutions and learners across India, redefining digital assessment ecosystems. Equally significant is his commitment to social service. Actively associated with human rights and youth organizations, he leads initiatives focused on education access, community welfare, and inclusive development, reflecting leadership rooted in purpose and compassion. His contributions have been widely recognized through features in Forbes India, India Today, Business Today, CEO Magazine, and Times of India. Hotel Amber Palace : Hotel Amber Palace, the globally recognized hospitality brand associated with Chinese cinema-linked actor and entrepreneur Dev Raturi, has marked its India debut with the launch of its first project in Gurugram. Located in Sector 14, the hotel was formally inaugurated by Gurugram MLA Mukesh Sharma, who attended as the chief guest. Praising the visionary leadership of Founder & CEO Dev Raturi, the MLA highlighted his achievement of building China's largest chain of Indian cultural restaurants and bringing that international expertise back to India. The launch was attended by over 100 distinguished guests from across the country, who appreciated the hotel's premium ambience and modern facilities. Hotel Amber Palace offers 36 premium rooms, a state-of-the-art banquet hall, and a rooftop garden restaurant serving authentic Indian and Chinese cuisine. Designed for business travelers, families, corporate events, and social gatherings, Amber Palace aims to become a new premium hospitality destination in Gurugram. Dr. Balakrishna S. Maddodi: Dr. Balakrishna S. Maddodi is an eminent professor at Manipal Institute of Technology and a widely respected academician, researcher, and environmental advocate. He is a recipient of the prestigious Udupi Zilla Rajyotsava Award for planting more than 5,000 saplings and successfully replanting ten mature trees, reflecting his deep commitment to ecological restoration. His academic contributions include publishing numerous research papers on environmental sustainability and education, authoring three books on Earth science and geology, and developing curricula for environmental studies and sustainability programs. As a member of the State Expert Appraisal Committee (SEAC), Government of India, Dr. Maddodi has guided and evaluated multiple projects focused on environmental conservation and community development. Actively engaged in social service, he works with several NGOs dedicated to sustainability initiatives. He has organized beach clean-up drives and awareness programs across Coastal Karnataka, collaborating with government agencies to inspire environmental responsibility among young minds. Globally recognized. Dr. Gaurav Sagar Bhaskar: In a world driven by titles and applause, Dr. Gaurav Sagar Bhaskar chooses a quieter yet deeper path, leading with empathy, humility, and purpose. With over two decades of experience, he defines success not by numbers, but by the lives he uplifts and the hope he inspires. As General Secretary of the MLB Foundation, he works tirelessly at the grassroots, advancing education, elder dignity, and community empowerment. A strong believer that "old is gold," he actively champions respect for senior citizens, rebuilding intergenerational bonds through awareness and action. His contributions to education through Vivekananda World School & Vivekananda Junior reflect a commitment to excellence built patiently and sustainably. He further amplified local voices by launching Ferozepur's first Community Radio Station, strengthening civic connection. From medical camps and relief initiatives to preserving culture through the All India Mushaira, Dr. Bhaskar leads from the front, quietly but powerfully changing lives and shaping a more compassionate society. By establishing Barbados-A Resort in the border town of Ferozepur, he brought world-class, state-of-the-art hospitality to the region. Mr. Deepak Sharma: Partywalaz has emerged as a global benchmark in NRI wedding catering, where food represents trust, hygiene, and flawless execution. Led by Deepak Sharma, the brand specializes in destination and NRI weddings, delivering refined culinary experiences that meet international expectations while preserving the authentic essence of Indian cuisine. Over the last five years, Partywalaz has successfully catered 240+ NRI weddings, serving Indian-origin families from the USA, Europe, Australia, and France, reflecting its premium positioning and reliability. Known for its "hygiene over quantity" philosophy, the company follows stringent kitchen protocols, disciplined service standards, and premium ingredient sourcing—qualities valued by globally travelled clients. Partywalaz is trusted across iconic wedding destinations such as Jaipur, Jodhpur, Udaipur, and Pushkar, where precision is paramount. With expertise in cross-cultural preferences and destination logistics, Partywalaz ensures seamless celebrations. For NRI families seeking elegance, safety, and unforgettable taste, Partywalaz stands as a global symbol of trust. Kiteskraft Productions LLP, founded in 2019, is a leading organizer of national and international conferences and award ceremonies across education, business, healthcare, NGOs, and entertainment. ISO and MSME certified, it recognizes excellence, fosters collaboration, and delivers impactful events. Recognized by the Scholar's Book of World Records. Photo: https://mma.prnewswire.com/media/2870367/The_Torchbearers.jpg' alt='Embedded Media' /> (Disclaimer: The above press release comes to you under an arrangement with PRNewswire and PTI takes no editorial responsibility for the same.). PTI

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