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    Assam Cabinet okays funds for land acquisition for Guwahati satellite city
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    Net direct tax kitty grows 23 pc to Rs 8.11 lakh cr on slower refunds, higher non-corp taxes
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    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
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    Integrated infrastructure planning under PM GatiShakti coordinates project evaluation, multimodal connectivity, geospatial data use, and decentralized implementation.
    PM GatiShakti National Master Plan provides an integrated, data-driven infrastructure planning framework using geospatial data, satellite imagery and API integration. Project approval, implementation and funding remain with the respective Central Ministries, Departments and States or Union Territories under their own plans and budgetary provisions; the framework sets no separate budgetary allocation or quantified targets. The Network Planning Group evaluates critical Central Government projects at the planning stage for multimodality, synchronisation, last-mile connectivity, comprehensive local development and coordinated decision-making.
    August 11, 2026
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    MSME procurement through GeM has expanded alongside analytics-driven controls against suspicious bidding, collusion, and vendor misconduct.
    GeM uses AI/ML analytics to detect order splitting, suspicious bidding, abnormal pricing, repeated participation and potential buyer-seller collusion. Flagged cases are placed before buyer organisations for review and action, while suspected cartels are assessed through digital-footprint, pricing and bid-timing indicators. Its Incident Management framework addresses false documents, fraud, collusive behaviour and other misconduct through administrative measures, including suspension. Anti-competitive conduct and cartel formation are Severe/Grave deviations, with proven cases attracting suspension for up to 365 days.
    August 11, 2026
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    Direct tax collections show stronger corporate, non-corporate and securities transaction tax receipts, alongside increased refunds during the fiscal period.
    Net direct tax collections grew by 23.09 per cent to over Rs 8.11 lakh crore up to August 10 of the current fiscal year, while gross direct tax collections increased by 19.75 per cent to about Rs 9.55 lakh crore. Corporate tax, non-corporate tax including personal income tax, and Securities Transaction Tax receipts recorded growth. Refunds issued between April 1 and August 10 also rose over the corresponding earlier period. Direct tax collections are budgeted at Rs 26.97 lakh crore for the fiscal year.
    August 11, 2026
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    Mobile food testing laboratory accreditation expands quality-assured testing access and supports coordinated food-safety surveillance and regulatory efficiency.
    NABL has launched an Accreditation Scheme for Mobile Food Testing Laboratories under the Integrated Assessment Programme. The framework enables mobile laboratories to provide reliable, quality-assured and internationally benchmarked food-testing services closer to communities, extending accredited testing beyond conventional laboratory settings. It is intended to strengthen food-safety surveillance, improve access to quality testing, support faster regulatory intervention and enhance consumer confidence. Coordinated assessments, regulatory harmonisation and mutual recognition are also intended to reduce duplication and improve regulatory efficiency while maintaining quality and compliance standards.
    August 11, 2026
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    Digital public procurement will expand AI-led price intelligence, marketplace integrity, inclusive access, credit linkages and sustainable purchasing.
    Government e-Marketplace is advancing an AI-enabled public procurement ecosystem focused on efficiency, transparency, competition, price intelligence and marketplace integrity. Priorities include last-mile access through Suvidha Kendras, integration of public entities, credit linkages, sustainable procurement and university outreach. A nationwide five-digit Helpdesk short code, 14550, mapped to existing infrastructure, is intended to maintain service continuity and improve access to support and official communications. The platform seeks to provide enterprises with a more accessible and predictable procurement market and buyers with a data-driven procurement experience.
    August 11, 2026
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    Expedited flood insurance claims require insurers and partners to simplify documentation and provide immediate service to affected policyholders.
    Expedited insurance-claim handling for flood-affected policyholders in Assam is being pursued through simplified documentation, prompt settlement and immediate service response. PolicyBazaar is coordinating with insurer partners to reduce processing delays. The Insurance Regulatory and Development Authority of India has directed insurers, including life insurers and standalone health insurers, to mobilise resources for immediate assistance, alongside governmental efforts for expeditious and hassle-free claim disposal.
    August 11, 2026
    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
    Show AI Summary
    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
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    Money-laundering investigation targets alleged chit-fund collections, investor-fund diversion, concealed deposits, and irregular land transactions.
    Money-laundering investigation into an alleged multi-state chit-fund scheme involved searches at premises linked to Wellfare Buildings and Estates Pvt Ltd and its directors, seizure of cash, vehicles, property-related records and digital devices, and freezing of bank accounts. The alleged scheme concerns unauthorised public-fund collection through land-allotment schemes, followed by closure of operations. Allegations include diversion of investor funds, manipulation of financial statements to conceal deposits, and irregular land transactions intended to suppress actual consideration and evade statutory obligations.
    August 11, 2026
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    Rupee exchange-rate pressure intensified as crude oil, regional uncertainty and weaker equities constrained the local currency in early trade.
    Foreign-exchange market conditions placed the rupee under pressure against the US dollar amid West Asia uncertainty, higher crude oil prices, and weaker domestic equity markets. Foreign institutional investor inflows and Reserve Bank of India intervention supported the rupee and limited further depreciation. Reported dollar sales through state-run banks helped contain downside pressure despite rising Brent crude prices and uncertainty concerning the Strait of Hormuz.
    August 10, 2026
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    GST refund facilitation expands provisional input tax credit refunds and removes the minimum threshold for export-related IGST refunds.
    Punjab's GST amendments facilitate voluntary compliance and reduce procedural burdens by allowing a 90 per cent provisional input tax credit refund in inverted duty structure cases and removing the minimum threshold for IGST refunds on exported goods. Additional measures cap annual fee increases by private unaided educational institutions, establish digital open universities for technology-enabled higher education, protect trees and green cover, and address common infrastructure, panchayati raj, and contractual engagement of outsourced State personnel.
    August 10, 2026
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    Video-conference statements for an approver application were declined, requiring the accused's statement to be recorded before consideration.
    Special CBI Court rejected an accused's request to record her statement through video conferencing in a bank-fraud prosecution. The accused had sought to become an approver, and her statement was required to be recorded before consideration of that application. She and her husband had previously become approvers in a related money-laundering matter involving alleged fraudulent Letters of Undertaking.
    August 10, 2026
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    Fuel price transparency highlights allegations over excise duty, consumer retail costs, and profit disclosures by state-run oil marketing companies.
    Fuel pricing, central excise duty and profits of state-run oil marketing companies are examined through allegations that retail fuel prices and tax policy imposed excessive costs on consumers while generating substantial company profits. The criticism contrasts high crude-price periods with lower retail prices and lower excise duty against a later period in which reduced crude prices were allegedly not passed through to consumers. Profit-margin disclosure is also raised as a transparency issue, with parliamentary information described as covering oil prices, global crude prices and company profits.

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      Seros drills first well in Ladakh's Puga Valley to put India on global geothermal map

      January 30, 2026

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      Goa, Jan 30 (PTI) Seros, India's largest integrated energy services company, is set to complete drilling of the country's first geothermal resource-mapping well in Ladakh's Puga Valley - a milestone that could put India on the global geothermal map by demonstrating the potential to generate electricity from heat stored beneath the earth's surface.

      Seros began drilling at Puga Valley in mid-2024, working overtime through a narrow three months window that opens up when show clears in the extremely high-altitude cold desert.

      After spending one and a half years navigating narrow mountain roads, weak bridges, and undersized tunnels to transport heavy drilling rigs and equipment, Seros completed drilling up to 60 metres during the first drilling season in 2024 and reached 400 metres in the second season last year. The company is now on track to achieve the intended depth of 900-1,000 metres in the current season.

      The first pilot well will be followed by two exploration wells, with the first scheduled to be drilled during this year's operational window opening in late June or early July and continuing through September, Seros MD and CEO Ashish Agarwal said at India Energy Week.

      "The drillings will demonstrate the technical feasibility of harnessing round-the-clock geothermal power in one of the world's most challenging operating environments," he said.

      The project - executed with the ONGC Energy Centre - marks a critical step in diversifying India's clean energy mix beyond solar and wind, while laying the groundwork for scalable, low-emission baseload power across geothermal-rich regions of the country.

      Agarwal said this is indeed "a milestone in the country's clean energy transition given the highly technically complex project it is".

      While India's clean energy push has largely focused on solar, wind and green hydrogen, geothermal energy is emerging as a reliable baseload option.

      With subsurface temperatures exceeding 200 degree Celsius, the Puga Valley initiative aims to develop a geothermal power plant at the site.

      Experts estimate India has nearly 10 GW of geothermal potential spread across more than 350 locations, which could help balance the grid and support low-emission growth by complementing intermittent renewable sources.

      "The Puga Valley project is proof that India can navigate through the most complex challenges to meet its energy requirements with homegrown expertise, true to the spirit of Atmanirbhar Bharat. Geothermal energy is no longer just a concept; it can deliver reliable, round-the-clock power, complementing solar and wind, and strengthening India's energy security. What we are building here lays the foundation for scaling this untapped resource nationwide and advancing the vision of a Viksit Bharat through cleaner, more resilient infrastructure," Agarwal said.

      Providing an update on project progress, Agarwal said the company has met its initial technical objectives. "Projects of such scale and complexity have a long gestation. We have achieved the objectives set out for the campaign and given proof of concept," he said.

      The first reservoir identified at the site has an estimated generation potential of 10 MW. "The first reservoir has 10 MW potential. Scalability is achievable with the right policy push," he said.

      From regulatory approvals to commissioning, the project is expected to take three to four years.

      Agarwal outlined the operational challenges of executing a geothermal project in Ladakh, noting, "The real challenges are altitude - over 4,000 metres, limited working months, subzero temperatures, lack of oxygen and the inherent uncertainty of geothermal drilling." Puga Valley is an extremely high-altitude cold desert, with narrow mountain roads complicating the transport of heavy drilling rigs and equipment. On site, crews contend with high-pressure steam, fractured and abrasive rock formations, chemically aggressive fluids, hydrogen sulphide (H2S), and extreme temperature differentials between the surface and subsurface. The operating window is limited, and the margin for error is narrow, with miscalculations carrying significant risk.

      Seros operated round the clock in subzero temperatures and low-oxygen conditions, adapting its drilling strategies to stabilise wells and ensure safe progress.

      The company said the team's technical capability, operational experience and resilience were critical to executing the project under such conditions.

      The project will deploy binary cycle geothermal technology, selected for its compatibility with local reservoir conditions. "Will be using binary cycle technology, which works well for temperatures in the 200-250 degree Celsius range. It's proven, stable, and environmentally safer for sensitive regions like Ladakh," Agarwal said.

      According to Agarwal, Puga Valley stands out among India's geothermal prospects. "Puga has the highest confirmed geothermal temperatures in India. By global benchmarks, it compares well with medium-grade geothermal fields in places like Turkiye or parts of the western US," he said.

      Agarwal said geothermal energy could play a meaningful role in Ladakh's energy mix, particularly in reducing dependence on diesel. "What makes geothermal special is that it runs 24 hours a day, unlike solar or wind. In Ladakh, where diesel is still widely used, even small projects of baseload power make a meaningful difference," he said.

      However, he cautioned that commercial viability is still being established. "Early days to establish commercial viability. These projects have long gestation similar to any major breakthroughs," Agarwal said.

      The Puga Valley initiative is intended to serve as a national reference project. "This project is meant to be a proof point for India. If we can make geothermal work here, it becomes much easier to replicate elsewhere with lower risk," he said.

      Cost benchmarks for geothermal power in India have yet to be determined.

      Policy support will be critical to scaling geothermal development, particularly in mitigating exploration risk. "The most important support is exploration risk coverage, which today lies entirely with the drilling contractor (Seros). Without this, private investors may not be encouraged to foray," Agarwal said.

      Environmental safeguards have been built into the project design. "The project uses a closed-loop system, meaning geothermal fluids are reinjected back underground. Land use is limited, and water consumption is far lower than most thermal plants," he said.

      International best practices are also being applied. "We're applying lessons from countries with decades of experience - especially reinjection, pressure management, and keeping the surface footprint small," Agarwal added.

      Once the pilot phase is completed, the focus will shift to extended testing. "Once the pilot runs, the focus will be on 6–12 months of reservoir testing. That data decides whether and how fast we scale up," he said.

      Beyond Ladakh, other promising geothermal sites have been identified in Himachal Pradesh, Uttarakhand, Gujarat, Maharashtra and the Narmada basin. However, broader replication will depend on policy momentum. "Policy push and government initiatives are key. Very early days for private players to show any interest," Agarwal said.

      Seros also highlighted its operational strengths, noting that it operates one of India's largest onshore drilling fleets, including the only privately owned 3,000 HP rig. The company said its asset base and technical expertise position it as a key enabler of India's move into new energy frontiers beyond conventional hydrocarbons.

      Looking ahead, Agarwal said geothermal energy would play a strategic role in India's clean energy mix. "Over the next decade, geothermal will be strategic. Its real value is reliable, clean baseload power in places where alternatives are limited," he said.

      Industry analysts said successful execution under such extreme conditions will be critical in attracting investment, securing policy support and scaling geothermal projects nationwide, helping India meet its broader clean energy targets. PTI ANZ HVA

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