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    After HC rap, FDA withdraws licence cancellation and suspension orders against Cipla, MCA eateries
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    Commerce Secretary Shri Rajesh Agrawal Leads 4th India–Argentina JTC Meeting; Both Sides Reaffirm Commitment to Deepen Strategic and Economic Partne...
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August 29, 2026
Show AI Summary
Natural justice in licensing enforcement requires meaningful hearing and reasoned orders before cancellation or suspension of regulated operations.
Natural justice in regulatory licensing enforcement requires a meaningful hearing, proper legal analysis, and a reasoned decision before licence cancellation or suspension. Maharashtra FDA withdrew cancellation of drug-sale licences after criticism of the procedure adopted. Food-safety enforcement against restaurants was also reconsidered where the premises were substantially compliant, despite licences being issued to one entity and operations being conducted by another. A fresh notice, hearing on the contractual arrangement, and reasoned order were required before further licensing action.
August 29, 2026
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Food-safety licensing compliance supports reopening while contractual operation requires notice, hearing, and a reasoned regulatory decision.
Food-safety licence suspension of five eateries was reconsidered after a fresh inspection recorded 88 per cent compliance. The suspension had continued because a third-party operator ran the eateries while licences remained in the association's name, despite no identified legal prohibition. The Food and Drug Administration proposed a fresh notice, hearing, and reasoned order on the contractual arrangement, while current compliance permitted services to resume.
August 29, 2026
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Market access and regulatory cooperation advance agricultural, pharmaceutical, digital, and trade integration priorities across the bilateral economic partnership.
India-Argentina cooperation focused on expanding bilateral trade, reducing non-tariff barriers, facilitating investment, and strengthening market access. Sanitary and phytosanitary discussions progressed for Indian agricultural products, while pharmaceutical engagement covered regulatory upgrading and reduced entry barriers. Mining and lithium-sector engagement, digital services, space technology, telecommunications, artificial intelligence and digital infrastructure were identified as priority areas. The India-MERCOSUR Preferential Trade Agreement, Terms of Reference and digital certificates of origin were considered mechanisms for trade facilitation and economic integration. Business discussions addressed commercial partnerships across agriculture, minerals, energy, pharmaceuticals, healthcare, banking and telecommunications.
August 29, 2026
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Shared digital infrastructure for professional services aims to expand technology access, interoperability, capability development and secure adoption across firms.
MCA and IICA are developing a government-backed digital public good ecosystem for domestic professional services, particularly small and medium practices. The framework proposes curated technology access, learning and capability development, and knowledge and practice infrastructure. It is intended to improve access to technology and professional knowledge while complementing existing institutional and market-based systems. Consultations address interoperability, common standards, cybersecurity, affordable access, implementation, change management, openness, competition and technology adoption suited to differing levels of digital readiness.
August 29, 2026
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Methamphetamine trafficking enforcement targets concealed cross-border transport, with seizures, vehicle confiscation, arrests and stringent penalties under narcotics law.
Methamphetamine trafficking enforcement under the Narcotic Drugs and Psychotropic Substances Act, 1985 involved intelligence-led seizures of tablets in Assam and Mizoram, along with the vehicles allegedly used for transportation and arrests of two vehicle occupants. Field testing indicated the presence of amphetamine. The tablets were concealed in fabricated cavities within a truck and car, with preliminary investigation indicating alleged cross-border smuggling into Mizoram. Methamphetamine is a notified psychotropic substance, and illicit manufacture, possession, transportation and trafficking attract stringent penal consequences.
August 29, 2026
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IPO disclosure integrity triggers one-year market access bar for issuer and promoter-directors over fabricated quotation and misleading financial disclosures.
SEBI restrained Trafiksol ITS Technologies Ltd. and its promoter-directors from accessing or dealing in the securities market for one year and imposed monetary penalties over irregularities in its SME IPO. The action concerned overstated financial disclosures, inadequate disclosure of issue expenditure and a potential merchant-banker conflict, and proposed use of IPO proceeds based on a fabricated software-vendor quotation. The listing was deferred and IPO proceeds were placed in an interest-bearing escrow account. One promoter was directly involved in procuring the quotation, while the other failed to exercise due diligence.
August 29, 2026
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Securities market fraud involving fictitious transactions triggered market bans, disgorgement, fund restoration, and governance restrictions.
SEBI imposed securities-market restrictions, disgorgement directions and monetary penalties in relation to alleged accounting fraud involving fictitious sales, purchases, circular transactions and fraudulent ledger entries. The alleged inflation of financial results facilitated migration to the NSE main board and was followed by fraudulent preferential allotments, a bonus issue and a rights issue. Rights issue proceeds were found to have been diverted, requiring restoration with applicable interest. The company and its managing director received seven-year market prohibitions, with additional governance restrictions applying to the managing director.
August 28, 2026
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Insolvency debt settlements: political criticism alleges severe creditor haircuts favour influential corporate borrowers over ordinary debtors.
CPI(M) criticised approval of a repayment plan involving Zee Group founder Subhash Chandra, asserting that repayment of Rs 6.5 crore against creditor claims of Rs 22,006.57 crore undermines fairness in insolvency debt settlement. It alleged severe creditor haircuts and bias favouring influential corporate borrowers. The party linked the settlement to an alleged pattern of large borrowers resolving liabilities at steep discounts, shifting the burden to taxpayers and small depositors while smaller borrowers face coercive recovery measures.
August 28, 2026
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Corporate governance requires company secretaries to promote ethical practices, transparency, responsibility and institutional accountability across economic ecosystems.
Good corporate governance is central to development and depends on responsible governance, ethical practices, transparency, institutional accountability and professional excellence. Company Secretaries have an expanding role in strengthening governance practices through professional expertise. Professional institutions should promote governance standards, support institutional excellence, and evolve their practices in response to changing requirements. Their wider contribution lies in fostering a culture of ethical entrepreneurship, responsibility, transparency and sound governance.
August 28, 2026
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Proceeds-of-crime tracing prompts freezing of deposits linked to structured disposal of foreign property in a bank-loan fraud investigation.
Money-laundering investigation into alleged bank-loan fraud involving DHFL has resulted in the freezing of bank deposits held by Al Jalore Trading FZE under the Prevention of Money Laundering Act. A United Kingdom property was allegedly disposed of through a purported loan arrangement that created an encumbrance to settle an Indian liability. Sale proceeds were credited to Al Jalore Trading FZE's Indian bank account rather than to the registered owner, indicating alleged dissipation of proceeds of crime through a structured foreign-property transaction.
August 28, 2026
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Defence export authorisation reform streamlines consultations, expands unified licences, and facilitates eligible exporters' access to international markets.
Open General Export Licence arrangements permit eligible exporters to self-generate authorisations for multiple consignments of specified defence items without obtaining separate authorisation for each consignment. Three existing licence procedures are consolidated into a unified framework. Licence validity is extended to three years, and territorial coverage is expanded to all countries other than negative or sensitive nations and destinations subject to United Nations Security Council sanctions or arms embargoes. Eligible companies with long-term foreign original equipment manufacturer agreements may obtain licences aligned with the underlying contract, subject to prescribed conditions.
August 28, 2026
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IPO approval enables Jio Platforms to issue fresh equity shares, with proceeds earmarked for subsidiary debt repayment and corporate purposes.
SEBI's final observations enable Jio Platforms Ltd to proceed with an initial public offering comprising up to 27 crore newly issued equity shares. The transaction is structured as a fresh issue of shares. Offer proceeds are primarily allocated towards repayment or prepayment of outstanding borrowings of Reliance Jio Infocomm Ltd, Jio Platforms' material subsidiary, with the balance designated for general corporate purposes.
August 28, 2026
Show AI Summary
Gold price volatility intensified as dollar strength, profit-booking, and customs-duty-cut reports pressured domestic bullion markets.
Domestic bullion prices declined for a third consecutive session as a stronger US dollar and sustained profit-booking after a recent rally weakened gold and silver. Gold fell sharply in the national capital and silver also declined in domestic trading, with the three-day movement reflecting ongoing price volatility in the bullion market. International spot gold remained marginally lower while investors awaited policy-related remarks concerning inflation and elevated yields.
August 28, 2026
Show AI Summary
Direct benefit transfer strengthens welfare delivery through Jan Dhan accounts, digital payments, reduced intermediaries, and expanded financial inclusion.
Direct Benefit Transfer has transferred welfare benefits directly to beneficiaries, largely through Jan Dhan accounts, reducing intermediaries and supporting transparent delivery. The Pradhan Mantri Jan Dhan Yojana provides unbanked adults basic accounts without minimum-balance or maintenance-charge requirements, along with RuPay debit cards, accident insurance coverage, and emergency overdraft access. Banking outlets, digital-payment infrastructure, and Bank Mitras extend formal financial services to women, rural and semi-urban communities, strengthening financial inclusion and participation in the formal economy.
August 28, 2026
Show AI Summary
Foreign exchange reserves reached a record level, supported by increases in foreign currency assets and gold holdings.
India's foreign exchange reserves increased by USD 12.422 billion to an all-time high of USD 729.328 billion for the week ended 21 August. Foreign currency assets and gold reserves recorded the principal increases, while special drawing rights and the reserve position with the IMF also rose. Foreign currency asset valuation reflects movements in non-US currencies held in the reserves. FCNR(B) and concessional swap arrangements were introduced to attract additional foreign-exchange inflows.
August 28, 2026
Show AI Summary
IPO regulatory approval enables Jio Platforms to advance preparations for its proposed fresh equity share public offering.
Jio Platforms Ltd. has obtained Sebi's final observations for its proposed initial public offering. This key regulatory stage enables further preparations for the public issue, subject to applicable regulatory requirements. The proposed offering comprises up to 27 crore fresh equity shares and is expected to account for approximately 2.9 per cent of the company's post-issue equity base.
August 28, 2026
Show AI Summary
Financial inclusion through basic bank accounts expands banking access with no-balance accounts, debit cards, and emergency overdraft support.
Pradhan Mantri Jan Dhan Yojana enables unbanked adults to open basic bank accounts without minimum-balance or maintenance-charge requirements. Accounts include a free RuPay debit card with accident insurance coverage and eligibility for an overdraft facility during emergencies. The scheme promotes digital transactions, financial security and participation in the formal economy, while extending banking access to rural and semi-urban communities and increasing women's financial inclusion.
August 28, 2026
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Flexible personal loan repayment enables eligible borrowers to select longer tenures, subject to eligibility, terms, verification, and repayment capacity.
Bajaj Finance personal loans offer eligible customers collateral-free borrowing with flexible repayment tenures of 12 to 108 months, subject to eligibility, applicable terms, verification and documentation. A longer tenure may reduce monthly EMIs by spreading repayment over more months, but can increase total interest payable. Borrowers should compare the interest rate, tenure, EMI, processing charges and other costs, while considering their income, existing commitments and repayment capacity. Loan Utsav 2026 provides limited-period rewards for eligible customers whose loans are successfully disbursed during the campaign period, subject to applicable terms.
August 28, 2026
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Digital arrest money laundering investigation tracks cyber-fraud proceeds through layered bank accounts, cash withdrawals, and foreign-exchange conversion.
Arrests under the Prevention of Money Laundering Act form part of an investigation into alleged digital arrest cyber fraud and laundering of fraud proceeds. Funds were reportedly routed through numerous bank accounts, withdrawn in cash, and converted into foreign currency through licensed money changers. The financial trail is linked to commodity trading, travel and foreign-exchange entities allegedly connected with cyber-fraud complaints and first information reports. The inquiry also identified alleged shell or dummy companies using proxy directors to conceal control and facilitate fund movement.
August 28, 2026
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Foreign exchange intervention and lower crude prices supported rupee appreciation despite a stronger dollar and foreign institutional investor outflows.
Foreign exchange market conditions supported a six-paise appreciation of the rupee against the US dollar at the close of trading. Lower global crude oil prices and Reserve Bank of India intervention to limit significant rupee depreciation contributed to the movement. A marginal strengthening of the US dollar and foreign institutional investor equity outflows continued to exert pressure, while FCNR(B) scheme inflows supported the currency.

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February 1, 2026

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New Delhi, Feb 1 (PTI)Following are the top stories at 9.20 pm: TOP STORIES DEL232 2NDLD BUDGET (7.54 PM)

FY27 Budget: Capex, manufacturing, tax incentives take centre stage; markets wobble on STT hike New Delhi: Finance Minister Nirmala Sitharaman on Sunday announced measures to boost manufacturing, offered long-term tax incentives for global data centres, and support for agriculture and tourism as she unveiled a Rs 53.5 lakh crore Union Budget for 2026-27, seen as a long-term blueprint for sustaining growth amid rising global risks.

PAR132 LS-LD FINANCE COMMISSION (2.07 PM)

16th Fin Comm recommends states share in Central taxes at 41 pc for 5 years till 2031 New Delhi: The 16th Finance Commission, headed by former Vice-Chairman of the Niti Aayog Arvind Panagariya, has recommended retaining states' share in Central taxes at 41 per cent for the five-year period beginning April 1, 2026.

DEL257 BUD-2NDLD CAPEX (9.04 PM) Govt hikes capex target to Rs 12.2 lakh crore for FY27 New Delhi, Feb 1 (PTI) Sustaining focus on public expenditure, Finance Minister Nirmala Sitharaman on Sunday raised the capex target to Rs 12.2 lakh crore for FY27 from the revised estimate of Rs 10.95 lakh crore for the ongoing financial year.

DEL226 BUD-DIVIDEND (7.38 PM)

Centre expects Rs 3.16 lakh cr dividend from RBI, banks in FY27 New Delhi: The Centre expects Rs 3.16 lakh crore in dividends and surpluses from the Reserve Bank of India, nationalised banks, and financial institutions in 2026-27, up about 3.75 per cent over the current fiscal.

PAR133 LS-BUDGET-SIDELIGHTS (3.49 PM)

Sitharaman skips poetry, keeps focus on investments, growth in 85-min Budget speech New Delhi: Draped in a purple Kanjivaram saree with golden checks and a coffee brown border featuring intricate thread work, Finance Minister Nirmala Sitharaman honoured the weaving traditions of her poll-bound home state of Tamil Nadu as she presented a record ninth consecutive Union Budget in the Lok Sabha on Sunday.

DEL258 PB-MODI-LD BUDGET (9.08 PM)

Budget focuses on making cities centres of development; EU trade deal to benefit Punjab: Modi Jalandhar: Prime Minister Narendra Modi on Sunday said the Union Budget 2026-27 laid huge focus on transforming Jalandhar, Ludhiana and many other cities of the country into big centres of development.

DEL231 POLL BOUND STATES-BUD-REAX (7.52 PM)

Leaders from poll-bound Kerala, West Bengal, Tamil Nadu slam Union Budget, Assam CM welcomes it New Delhi: Leaders of the ruling parties in election-bound Kerala, Tamil Nadu and West Bengal slammed the Union Budget on Sunday for "overlooking" their states, even as Himanta Biswa Sarma, the chief minister of Assam, where polls are also due this year, welcomed it.

DEL217 BUD- DEF 3RDLD-ALLOCATION (7.13 PM)

Lessons from Sindoor: India allocates Rs 7.85 lakh cr for defence; capital outlay up by nearly 22 per cent New Delhi: India on Sunday set aside Rs 7,84,678 crore as defence outlay for 2026-27 in a steep hike of 15 per cent over last year's allocation of Rs 6.81 lakh crore amid the military's renewed push to procure new weapon systems in the face of security challenges from China and Pakistan.

DEL252 BUD-MEA-LD-ALLOCATION (8.40 PM)

India zeroes out Chabahar port outlay, slashes Bangladesh aid in 2026-27 budget New Delhi: India has not allocated funds for the Chabahar port project in Iran in the Union Budget for 2026-27 and has halved the development assistance for Bangladesh to Rs 60 crore in reflection of frosty bilateral ties.

DEL260 BUD-LD OPPN REAX (9.17 PM)

Hollow and directionless Budget ignored people's hardships: Opposition New Delhi: Opposition parties on Sunday described the Union Budget as "hollow" and "directionless", claiming it failed to address key political and economic challenges in the country while expenditure had been slashed in several sectors affecting the common man.

NATION DEL221 BUD-2LD-AGRI (7.26 PM)

Budget 2026:FM launches AI tool for farmers, hikes agri & allied sector spend 7pc New Delhi: Finance Minister Nirmala Sitharaman on Sunday unveiled a comprehensive package for the livestock, fisheries and high-value agriculture sectors in Budget 2026-27, with a total allocation of Rs 1,62,671 crore for agriculture and allied activities - a 7.12 per cent increase from the revised estimate of Rs 1,51,853 crore for 2025-26.

DEL239 BUD-VAISHNAW (8.10 PM)

Investment in data centres may cross USD 200 bn, nuclear energy important to power it: Vaishnaw New Delhi: The government expects investment in data centres to cross USD 200 billion, about Rs 18.33 lakh crore, and nuclear energy will be an important component in the ecosystem to power it, Union Electronics and IT Minister Ashwini Vaishnaw said on Sunday.

DEL224 BUD-2NDLD HOME (7.32 PM)

MHA gets Rs 2.55 lakh crore in Budget; IB sees massive hike of 68 per cent in allocation New Delhi: The Union Budget 2026-27 on Sunday allocated over Rs 2.55 lakh crore to the Ministry of Home Affairs, reflecting an increase of around 9.44 per cent from the budget estimates of over Rs 2.33 lakh crore provided to it in 2025-26.

DEL181 BUD-LD EDUCATION (5.41 PM)

Education: 5 varsity townships, girls hostel in each district among major announcements in Budget New Delhi: Five university townships in the vicinity of major industrial and logistic corridors, girls hostel in every district, setting up of content creator labs in 15,000 schools and 500 colleges and reduction of the tax collection at source (TCS) rate to 2 per cent for education are among the proposals announced in the Union Budget for the education sector.

MDS71 BUD-SOUTH-POLL BOUND STATES (7.55 PM)

Union Budget: Poll-bound TN, Kerala express disappointment Chennai/Thiruvananthapuram: The ruling dispensations of Tamil Nadu and Kerala, two key poll-bound southern states on Sunday expressed strong dissatisfaction over the budgetary announcements made by Union Finance Minister Nirmala Sitharaman, with Chief Minister M K Stalin wondering why his state TN was not given something even in the election year, while his Kerala counterpart accused the Centre of neglecting the state.

DEL190 CONG-EPSTEIN-PM (6.00 PM)

Congress demands PM Modi to come clean on 'disclosures' on him made in Epstein files New Delhi: The Congress on Sunday demanded answers from Narendra Modi following “disclosures” in the Epstein files in the US that some “monsters” had access to him, and said the prime minister should come clean on the issue.

BOM24 MH-NCP MERGER-LD TATKARE (8.09 PM)

Amid merger speculation after Ajit Pawar's death, Tatkare says NCP will continue to be in NDA Mumbai: NCP Maharashtra president and Lok Sabha MP Sunil Tatkare on Sunday said his party will continue to be a part of the BJP-led NDA, asserting that the organisation will move forward on the ideology and path laid down by the late Ajit Pawar.

CAL50 AS-HIMANTA-MIYA (6.31 PM)

‘Miyas’ will face trouble till I remain CM: Himanta Goalpara (Assam): Assam Chief Minister Himanta Biswa Sarma on Sunday said "Miyas" will face "trouble" as long as he remains in power, asserting that they should face persistent problems so that they leave the state.

LEGAL LGD5 SC-WANGCHUK (2.50 PM)

SC to hear plea challenging Sonam Wangchuk's detention New Delhi: The Supreme Court is slated to hear on Monday a plea filed by Gitanjali J Angmo, the wife of jailed climate activist Sonam Wangchuk, against his detention under the National Security Act.

LGD7 GREEN-YAMUNA-DECLINING FISH (5.03 PM)

NGT asks Delhi govt, others to implement recommendation to preserve native fish species in Yamuna New Delhi: The National Green Tribunal has directed the Delhi government and other states to expeditiously implement the Central Inland Fisheries Research Centre's recommendations for the preservation of native fish species in the Yamuna river.

BUSINESS DEL241 BIZ-2NDLD-STOCKS (8.14 PM)

STT hike on Futures dampen stock market sentiment; Sensex, Nifty crash nearly 2 pc Mumbai: Benchmark stock indices Sensex and Nifty dived sharply by nearly 2 per cent on Sunday, logging their worst decline in years on a Budget day, after Finance Minister Nirmala Sitharaman proposed a hike in the Securities Transaction Tax (STT) on derivatives.

DEL237 BIZ-BUD-LD BUYBACK (8.10 PM)

Proposed share buyback framework aims to benefit small shareholders, not promoters New Delhi: To protect minority shareholders and curb tax arbitrage by promoters, Finance Minister Nirmala Sitharaman on Sunday announced a major overhaul of the taxation framework governing share buybacks.

DEL236 BIZ-BUD-INCOME TAX (8.09 PM)

TCS cut, amnesty scheme for foreign black money among taxpayer-friendly steps in Budget New Delhi: Unveiling taxpayer-friendly measures, Finance Minister Nirmala Sitharaman on Sunday reduced TCS rates on overseas medical and education expenses, and tour packages, besides allowing an extra 3 months time to file revised Income Tax returns.

FOREIGN FGN13 TRUMP-VENEZUELA-INDIA-OIL (10.58 PM)

India to buy Venezuelan oil instead of Iranian crude, claims Trump New York: US President Donald Trump has claimed that India will be purchasing oil from Venezuela instead of Iran. By Yoshita Singh

FGN27 CHINA-XI-YUAN (3.17 PM)

Xi calls for building 'strong' yuan to boost global role, challenge dollar dominance Beijing: Chinese President Xi Jinping has pitched for building a "strong currency" to expand the global use of the yuan and elevate it to the status of an international reserve, a move seen as a call to challenge the US dollar.

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