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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.
August 10, 2026
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Discharge in money-laundering proceedings turns on whether pre-charge material sufficiently establishes the alleged offence.
Discharge in a money-laundering prosecution was sought before a special PMLA court concerning alleged siphoning and laundering of loans advanced to Jet Airways by Canara Bank. The prosecution was directed to respond, subject to the applicant not seeking adjournment. Discharge is available after filing of a chargesheet and before framing of charges where the material before the court is insufficient to establish the alleged offence. The proceedings arise from a CBI FIR concerning alleged bank fraud involving Jet Airways and associated persons.
August 10, 2026
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High-speed rail indigenisation and infrastructure performance monitoring require skills development, comparative planning, measurable station assessments and freight-terminal dashboards.
Parliamentary oversight calls for accelerated indigenisation of high-speed rail components, capacity-building through international expertise, and comparative study of successful high-speed rail systems for future corridors. Redeveloped stations should be assessed through measurable indicators concerning passenger use, accessibility, cleanliness, commercial occupancy, maintenance and feedback, with completed-project practices documented and shared. Operational cargo terminals and cargo-related facilities should be monitored through a digital dashboard covering utilisation, rake performance, mechanisation, connectivity, safety compliance and customer satisfaction.
August 10, 2026
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MSME and export promotion framework expands finance, technology, infrastructure, sustainability and global-market support for enterprise growth.
Haryana Progressive MSME and Export Promotion Policy 2026 creates a five-year framework for MSME growth through financial incentives, institutional support, industrial infrastructure, technology adoption and export facilitation. Identified thrust-sector enterprises may receive capital and interest subsidies, stamp duty reimbursement, employment assistance, insurance support, and incentives for automation, artificial intelligence, testing and research. Proposed venture capital and credit guarantee funds seek to improve institutional and collateral-free finance. Export support covers international certifications, credit, insurance, freight, e-commerce, trade fairs, documentation, compliance and buyer connections, alongside sustainability and inclusive entrepreneurship measures.
August 10, 2026
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Employee data exposure alerts trigger review of alleged password spraying and MFA fatigue, with customer and operational systems unaffected.
Employee data exposure alerts prompted TCS to review allegations concerning limited basic employee information that appears to be more than four years old. No indication exists that customer data, customer systems, or operational systems have been affected. The alleged vectors involve password spraying and multi-factor authentication fatigue. TCS states that safeguards against these techniques have been in place for more than two years, its controls remain effective, and monitoring and further assessment will continue.
August 10, 2026
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Mustard honey export demonstrates FPO-led aggregation, quality-focused production and industry collaboration for international agricultural market access.
Mustard honey export from Tripura to Dubai marks the first international shipment by Dergang Farmer Producer Organisation, supported through export-oriented aggregation and market linkage initiatives. The export creates overseas market access for local beekeepers and farmers, diversifies the honey value chain, and encourages quality-focused production. Industry collaboration supported bee production and an export-oriented supply chain, while capacity building, quality assurance, value addition and market linkages can strengthen agricultural exports and farmer participation in international markets.
August 10, 2026
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Digital banking evidence gains recognition through a modernised framework for physical and electronic records, with privacy and security safeguards.
The Bankers' Books Evidence Bill, 2026, modernises the evidentiary framework for bankers' books by permitting banking records to be produced in physical or electronic form in legal proceedings. It recognises electronic, digital and virtual records and enables the Central Government to extend the regime to other regulated financial entities, supporting a uniform financial-sector evidentiary framework. The framework seeks secure and transparent use of banking records while safeguarding customer privacy, confidentiality and data security.
August 10, 2026
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Illicit opioid medicine exports exposed through concealed cargo, clandestine manufacturing, repacking, and attempted transnational trafficking to Nigeria.
Illicit manufacture and attempted export of controlled opioid medicines were detected in a network producing, concealing, storing and exporting Tramadol Hydrochloride tablets to Nigeria. A consignment declared as Pregabalin capsules contained concealed Tramadol Hydrochloride and Tapentadol tablets. Investigation identified clandestine manufacture, repacking and preparation for export, with searches yielding tablet-compression machinery and raw materials. Tramadol is a psychotropic substance under the Narcotic Drugs and Psychotropic Substances Act, while Tapentadol is regulated under the Drugs and Cosmetics Act and its rules.
August 10, 2026
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Summons compliance under anti-money-laundering law faces appellate scrutiny after acquittal over unproven email service allegations.
Delhi High Court required Arvind Kejriwal to reply to Enforcement Directorate petitions challenging his acquittal in proceedings concerning alleged non-compliance with summonses. The trial court found that the agency had not proved intentional disobedience, service of summons through email, or lawful issuance of electronic summons under the Prevention of Money Laundering Act. The appellate challenge concerns proof of service, validity of electronic summons, and intentional non-compliance.
August 10, 2026
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Pesticide residue concerns drive organic farming, school agriculture initiatives, infrastructure financing and climate-resilience support for farmers.
Food-safety concerns arising from pesticide residues and toxic substances are to be addressed through organic vegetable farming, household cultivation and the Kathir school-farming initiative. Kathir provides for institutional farming, teacher and committee support, markets, student training and clubs, with possible academic weightage for agricultural participation. Agricultural infrastructure financing supports post-harvest management, value addition, processing, packing, marketing and exports. Additional measures include banking support, agricultural technology adoption, women-farmer support and schemes addressing climate-related floods and drought.
August 10, 2026
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Digital EODC processing removes physical duty challans through authenticated payment verification for export authorisation closure.
Export Obligation Discharge Certificate processing under the Advance Authorisation and Export Promotion Capital Goods schemes no longer requires physical duty-payment challans for voluntary customs-duty payments made on or after 1 August 2026. Authenticated licence-wise payment information is electronically transmitted from Customs/ICEGATE to DGFT systems and mapped to the relevant authorisation. Exporters can verify payment details on the customer portal, while Regional Authorities use corresponding back-office records, replacing manual submission and verification for authorisation closure.
August 10, 2026
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Trusted service-call numbering requires verified utilities and logistics entities to use dedicated numbers exclusively for transactional and service communications.
The 1601-series is introduced for verified utilities, courier and logistics entities making service and transactional voice calls. Numbers must be allocated directly to eligible entities, not intermediaries or aggregators, following verification by telecom service providers and an undertaking of exclusive use. Promotional voice calls are prohibited on this series and remain associated with the 140-series. The framework separates these calls from the 1600-series reserved for regulated financial-sector and government-to-citizen communications, supporting consumer recognition of legitimate calls and reducing impersonation risks.
August 10, 2026
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GST revenue collection drives tax growth while data scrutiny, taxpayer verification, and compliance capacity remain key administrative priorities.
GST constituted the principal component of tax revenue for the 2025-26 fiscal year. Tax administration faces staff shortages, information-technology upgrade needs, and increased workloads from taxpayer registrations and return filings. Compliance oversight requires GST data scrutiny, risk assessment, identification of unregistered taxpayers, tax-evasion detection, and field verification of high-risk taxpayers. Long-term revenue planning sets progressively higher collection targets through 2063.
August 10, 2026
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Russian crude imports reshape India's refining trade as processed petroleum products reach sanctioning jurisdictions despite import restrictions.
Indian imports of Russian crude oil reached a second consecutive monthly record in July 2026, with Russian crude forming the dominant share of India's Russian fossil-fuel purchases and more than half of total crude imports. Higher receipts through smaller terminals offset reduced volumes at Paradip. Indian refineries processing Russian crude also exported refined petroleum products to sanctioning jurisdictions, including the European Union, Australia and the United States, despite the European Union prohibition on imports of oil products made from Russian crude.
August 10, 2026
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Cyber-fraud through stolen phones allegedly used mule accounts, banking credentials and coordinated technical operations to divert victims' funds.
Investigation into unauthorised withdrawals after theft of a mobile phone uncovered an alleged interstate cyber-fraud network using stolen devices, linked banking credentials and mule bank accounts. The scheme allegedly involved phone theft, supply of accounts and banking instruments, and a technical operation that accessed victims' accounts and routed funds for withdrawal or transfer. Digital surveillance, transaction mapping, seized devices, victim data and transaction records are being examined to identify linked complaints and the extent of funds allegedly diverted.
August 10, 2026
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Rupee depreciation reflected stronger dollar, elevated crude prices and geopolitical uncertainty, while portfolio inflows and equity gains provided support.
The rupee depreciated against the US dollar amid a stronger dollar, higher global crude oil prices and uncertainty surrounding West Asia-related negotiations. Concerns over crude oil's potential impact on the trade deficit weighed on the currency, while positive domestic equity markets and foreign portfolio investment inflows provided support. Market caution remained focused on forthcoming US inflation data, dollar-index movements and Brent crude prices. Foreign-exchange reserves increased during the reported period.
August 10, 2026
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Collateral-free personal loans offer extended repayment flexibility, conditional reward benefits, and online application subject to eligibility and disbursal requirements.
Loan Utsav 2026 provides eligible Bajaj Finance Personal Loan applicants an exclusive reward bundle where the loan is successfully disbursed during the campaign period. The collateral-free facility supports personal expenses, offers repayment tenures from 12 to 108 months, and may enable lower monthly EMI obligations through a longer selected tenure. Interest rates depend on eligibility, credit assessment, financial profile and lending criteria. Online applications require personal and financial details and required documents, with disbursal for eligible applicants possible after verification and approval.
August 10, 2026
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Credit card payment flexibility supports seasonal shopping and travel through eligible EMIs, rewards, tracking tools and conditional merchant benefits.
Credit-card spending features include conversion of eligible purchases into EMIs, selected no-cost EMI options, reward points, cashback, merchant discounts and payment flexibility. Travel-related benefits may include domestic airport lounge access, travel-booking discounts, fuel-surcharge waiver and anniversary-linked rewards. The AU 0101 application enables transaction tracking, balance and interest-rate monitoring, EMI conversion and bill-payment management. Features and offers are subject to change, customer eligibility, internal policies and partner-merchant terms.

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Customs, DGFT & SEZ

108th Meeting of Network Planning Group Evaluates Road Infrastructure Projects to Enhance Multimodal Connectivity under PM GatiShakti

February 4, 2026

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NPG evaluates seven projects from Ministry of Road, Transport & Highways

The 108th meeting of the Network Planning Group (NPG) was held at Department for Promotion of Industry and Internal Trade (DPIIT). The meeting was convened to evaluate infrastructure projects. The meeting focused on enhancing multimodal connectivity and logistics efficiency in alignment with the PM GatiShakti National Master Plan (PMGS NMP). The NPG evaluated 07 Road projects for their conformity to the PM GatiShakti principles of integrated multimodal infrastructure, last-mile connectivity to economic and social nodes and ‘Whole of Government’ approach.

These initiatives are expected to boost logistics efficiency, reduce travel times, and deliver significant socio-economic benefits to the catchment areas of the project. The evaluation and anticipated impacts of these projects are detailed below:

Ministry of Road, Transport & Highways (MoRTH)

6 Laning of Salem – Kumarapalayam of NH 544 (Tamil Nadu) - The Ministry of Road Transport & Highways has proposed the development of a six-lane corridor from Salem to Kumarapalayam in Tamil Nadu, covering a total length of 102.035 km along the high-volume Kochi–Coimbatore–Bengaluru freight and passenger corridor. The project includes the provision of continuous service roads in built-up and industrial stretches in line with access management requirements, along with the upgradation of junctions, interchanges, and grade separators to improve road safety and traffic flow. It also includes the construction and widening of major and minor bridges, flyovers, Road-over-Bridges (ROBs), and culverts to meet future traffic demands.

The proposed corridor is expected to significantly enhance regional connectivity by improving access to industrial clusters, logistics hubs, Special Economic Zones (SEZs), and key freight infrastructure such as railway terminals, Inland Container Depots (ICDs), and logistics parks. By strengthening integration with the Kochi–Coimbatore–Bengaluru economic corridor, the project will support efficient freight movement, long-haul transport, and multimodal connectivity through improved road–rail–air–port linkages, while also enhancing first- and last-mile access, airport connectivity, and operational efficiency across national and state highways connecting Salem, Erode, Tiruppur, Coimbatore, and Hosur, benefiting sectors including textiles, agri-processing, manufacturing, and containerized cargo.

Construction of Amaravati Outer Ring Road (Andhra Pradesh) - The Ministry of Road Transport & Highways has proposed the development of the 189.93 km Amaravati Outer Ring Road (ORR) in Andhra Pradesh as a greenfield project to decongest urban areas and improve regional connectivity across the Amaravati capital region, including Vijayawada, Guntur, and Tenali. The ORR will divert through-traffic away from city centers, provide dedicated interchanges for seamless access to Vijayawada Airport, and allow for future rapid transit corridor integration.

Envisioned as a key multimodal logistics corridor, the ORR will integrate with National Waterway-4 and connect major ports such as Machilipatnam and Krishnapatnam with inland urban and industrial hubs. The project is expected to reduce travel time by 30–40 percent, lower fuel consumption, and cut vehicular emissions, supporting efficient freight movement and environmental sustainability.

Construction (widening / strengthening) of 2 lane with paved shoulders from Rafiabad-Kupwara-Chowkibal-Tangdhar (Jammu & Kashmir) - The Ministry of Road Transport & Highways has proposed the construction of a 62.10 km two-lane road from Rafiabad to Tangdhar in the Union Territory of Jammu & Kashmir to enhance strategic and regional connectivity in border areas. The corridor will link key locations including Kupwara, Chowkibal, Tangdhar, and Teetwal, improve access to villages along the Line of Control (LoC), and strengthen defence logistics by ensuring reliable movement for security forces and essential supplies.

Beyond its strategic significance, the project is expected to deliver socio-economic benefits by improving access to healthcare, education, and essential services in remote areas. It will also support tourism, horticulture, and local livelihoods, while integrating the region with NH-01, Srinagar Airport, and the rail network at Sopore and Baramulla, contributing to overall regional development.

Consultancy services for Construction of Leh Bypass to 2 Lane with paved shoulder specifications including LA & Utility Shifting on (i) Starting Near Phyang Village near HPCL plant and join Leh-Manali Highway(Leh) - The Ministry of Road Transport & Highways has proposed the construction of the 48.108 km Leh Bypass-1 from Phyang, connecting NH-01 (Srinagar–Leh) with NH-03 (Leh–Manali) in the Union Territory of Ladakh. This strategic greenfield corridor is aimed at diverting through-traffic away from congested stretches of Leh city, improving transport efficiency, and enhancing connectivity for goods, passengers, and remote areas, while supporting local trade and tourism.

The project will directly link NH-01, NH-03, and Leh Airport, improving logistics efficiency and access to regional markets. Enhanced connectivity to the Phyang and Leh industrial estates is expected to reduce travel time and transportation costs, stimulate industrial and commercial activity, attract new investments, and generate economic opportunities for nearby villages, contributing to overall regional development.

Widening of existing 2 lane to 4 lane divided carriageway with paved shoulder for Chitrakoot – Majhgawan – Satna section (Madhya Pradesh & Uttar Pradesh) - The Ministry of Road Transport & Highways has proposed the upgradation of the 77.102 km Chitrakoot–Satna corridor from a two-lane road to a four-lane divided carriageway across Madhya Pradesh and Uttar Pradesh. The project will strengthen regional and inter-state connectivity, enhance freight movement, reduce travel time and vehicle operating costs, and improve overall transport efficiency along a corridor linking key economic and urban centers.

The upgradation will also improve multimodal connectivity through better access to nearby airports, rail networks, and logistics facilities, while supporting heavy industrial traffic from major cement plants in the Satna region. By addressing existing bottlenecks, the project will facilitate industrial freight movement, enhance access to religious and tourist destinations in Chitrakoot, and promote balanced economic growth across both states.

Construction of Four lane access-controlled Greenfield highway from Rourkela to Sithiyo (Odisha & Jharkhand) - The Ministry of Road Transport & Highways has proposed the construction of a 156.10 km four-lane greenfield highway from Rourkela to Sithiyo, spanning Odisha and Jharkhand. The corridor will traverse five districts and is strategically aligned to connect PM GatiShakti economic nodes, including a seafood cluster and a Special Economic Zone (SEZ), strengthening regional and inter-state connectivity.

The proposed highway will interface with key social and logistics nodes and connect with major national and international corridors, including the Asian Highway network, NH-53, NH-19, the Raipur–Dhanbad corridor, and the Golden Quadrilateral. The project is expected to significantly enhance mobility, improve logistics efficiency, and strengthen connectivity between Odisha, Jharkhand, and neighbouring states.

Construction of Six Lane Greenfield Patna Ring Road Highway (NH- 131G) from Kanhauli to Sherpur (Bihar) - The Ministry of Road Transport & Highways has proposed the construction of a 9.98 km six-lane greenfield highway from Kanhauli to Sherpur in Bihar as part of the Patna Ring Road project. The corridor will connect with NH-30 and NH-922, strengthening regional connectivity and helping decongest traffic in Patna and its surrounding areas.

The project will enhance multimodal connectivity through improved access to nearby railway stations, the upcoming Bihta Airport, and the proposed Kanhauli Bus Terminal. By improving linkage to industrial and logistics hubs in the Bihta region, the corridor is expected to support efficient freight movement and contribute to economic development in the Patna metropolitan area.

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