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    CBI files fresh case against Anil Ambani, Reliance Communications over Rs 2,220 crore bank 'fraud'
    Get Low-interest Personal Loans with Flexible Terms from Bajaj Finance
    RBI clears SBI Mutual Fund’s proposal to acquire up to 9.99 pc stake in Bandhan Bank
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    Cut costs, fix mis-selling to make insurance products affordable: IRDAI member to insurers
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February 26, 2026
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Bank fraud allegations prompt fresh probe into diversion of loan funds and related money laundering inquiries.
A central investigative agency registered a fresh criminal case alleging that the promoter and his telecom group diverted and misutilised sanctioned loan funds, created fictitious related party transactions, manipulated accounts, and layered funds to conceal true flows, leading to the account's NPA classification; the bank's complaint and forensic findings allege systematic diversion through group entities and liquidation of investments to effect payments inconsistent with sanction terms.
February 26, 2026
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Unsecured personal loans: flexible repayment and competitive rates available, subject to credit score, income, and eligibility.
Bajaj Finance markets unsecured personal loans with competitive, credit based interest pricing, flexible repayment tenures chosen to manage EMI burden, minimal documentation, online application and expedited disbursal. Loan amounts cover a range of consumer needs and eligibility is determined by nationality, age limits, employment status and a minimum credit score, with rates and approval conditioned on income, employment type, credit profile and repayment capacity. The lender is a deposit taking institution registered with the Reserve Bank and classified as an NBFC D and NBFC ICC.
February 26, 2026
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Regulatory approval for stake acquisition with holding cap and time bound conditions, and prior approval required for increases.
RBI approved SBI Mutual Fund's acquisition of up to 9.99 per cent of Bandhan Bank's paid-up share capital or voting rights, subject to compliance with the Banking Regulation Act, 1949, RBI Directions 2025, FEMA, and SEBI regulations. The approval expires if the specified major shareholding is not acquired within one year, the aggregate holding must not exceed the approved cap at any time, and any increase to or beyond 5 per cent after falling below that level requires prior RBI approval.
February 26, 2026
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Trade facilitation advances India's digital customs reforms and TFA Plus measures, enhancing MSME integration into global value chains.
India has implemented comprehensive trade facilitation reforms to fulfil and extend WTO Trade Facilitation Agreement commitments by advancing TFA Plus measures under the National Trade Facilitation Action Plan 3.0. Core elements include a Single Window Interface, Customs Automated System, Risk Management System, pre-arrival processing, electronic exchange of origin data, electronic cargo tracking and coordinated border management. Capacity building through recognised institutions and partnerships supports other countries' implementation, while measures such as advance rulings, an Authorised Economic Operator programme and trust-based processes aim to reduce compliance burdens for MSMEs and facilitate e commerce exports.
February 26, 2026
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Bilateral trade agreement negotiations progress amid recent U.S. tariff policy adjustments affecting tariff treatment and transitional arrangements.
Senior-level discussions between India's commerce minister and U.S. commerce officials focused on advancing the legal text for the first phase of a bilateral trade agreement and expanding economic partnership. The talks were contextualized by a recent U.S. tariff policy adjustment-imposition of a uniform temporary tariff-which was noted as relevant to negotiations on tariff treatment, transitional arrangements, and safeguards in the prospective agreement.
February 26, 2026
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Aadhaar-enabled attendance strengthens identity-verified workforce accountability through certified biometric terminals and streamlined government procurement.
Aadhaar-enabled biometric attendance systems address attendance verification failures by replacing manual registers with identity-verified entries. The T502F Mini, listed on the Government e Marketplace for streamlined procurement, offers multi-modal biometric authentication (face recognition and fingerprint), real-time data sync, STQC-certified fingerprint sensor, SafetyNet compliance, and multiple connectivity options to operate across diverse network environments, supporting government mandates for Aadhaar-integrated attendance and enhancing tamper-resistant accountability in public sector and related institutional settings.
February 26, 2026
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Tax analytics modernization enables AI-driven tax administration, integrating secure cloud and citizen-facing portals to improve compliance and governance.
The program will deploy a secure cloud environment powered by NVIDIA AI infrastructure with LTM's BlueVerse as the intelligence backbone to consolidate analytics, simplify workloads, and deliver real-time insights. The integrated platform supports a smart citizen portal, automated campaign management, enhanced case workflows, and AI-driven helpdesk assistance to improve governance, reduce leakages, and strengthen taxpayer compliance and service experience.
February 26, 2026
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Trust-based customs processes drive digital governance and trade facilitation with new SWIFT rollout and procedural reforms.
CBIC is convening a National Symposium and International Customs Day to advance trust-based customs processes, digital governance and trade facilitation through presentations, stakeholder consultations and the launch of digital infrastructure, including a new single-window platform, the Customs Integrated System, a Digital Travellers Guide and a revamped traveller app. The programme also highlights courier, fisheries and baggage/personal import reforms, publication releases and the recognition of officers with Certificates of Merit, stressing procedural simplification, transparency and partnership with trade.
February 26, 2026
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Free Trade Agreements expand market access and call for global engagement to bolster resilient diversified supply chains.
India emphasises that Artificial Intelligence will transform jobs and increase demand for higher value skills in cybersecurity, data protection and system governance. The government highlights concluded Free Trade Agreements covering 38 nations that provide preferential market access and support integration into global value chains. Aatmanirbhar Bharat is presented as resilient, diversified supply chain building through global engagement, with calls to leverage FTAs to benefit MSMEs, farmers, exporters and fisheries and to enhance talent mobility for deeper global integration.
February 26, 2026
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Money laundering allegations in relatives' petition before High Court over Enforcement Directorate's tracing of rotated funds.
Challenge to an Enforcement Directorate complaint alleging relatives of an accused engaged in laundering by rotating funds through four accounts and reverting them to the principal accused; petitioners sought quashing of the complaint claiming false implication due to kinship, while the ED relied on transaction mapping and the identified money trail as the operative factual matrix implicating the accused and his spouse.
February 26, 2026
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Money laundering probe prompts PMLA questioning and property attachment as part of consolidated bank fraud investigations.
Enforcement Directorate officials recorded a statement under the Prevention of Money Laundering Act from a corporate promoter as part of ongoing probes into alleged bank loan fraud by a group company; the ED formed a Special Investigation Team to consolidate multiple fraud allegations and has used attachment powers and filed multiple money laundering cases against the group to investigate linked financial irregularities.
February 25, 2026
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Spectrum auction policy: regulator recommends full-band auction with a uniform spectrum cap and lower entry thresholds.
Trai recommends auctioning the entire 11,790 MHz available across nine frequency bands under specified modalities including reserve price, band plan, block size and bid conditions; the portfolio is valued at about Rs 2.1 lakh crore at reserve price and base prices are generally lower than 2022. Trai also proposes a uniform 35 per cent spectrum cap, reduced net worth entry criteria to encourage new entrants, and immediate reclamation of spectrum held by providers undergoing insolvency for inclusion in the upcoming auction.
February 25, 2026
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Maritime infrastructure expansion urged to drive regional growth and port led industrialisation, enhancing multimodal logistics competitiveness.
India's sustained sequential growth with macroeconomic stability depends on removing systemic inefficiencies rather than demand management; reforms like the Insolvency and Bankruptcy Code and infrastructure upgrades have cleaned bad assets. West Bengal should reposition as a maritime state by considering a large port and pursuing port led industrialisation, shipbuilding promotion and multimodal integration of road, rail, ports and air cargo to unlock regional economic opportunities.
February 25, 2026
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Insurance affordability: rein in acquisition and management costs to expand coverage, curb mis-selling and boost product access through design.
High distribution and administrative expenses sustain a low-penetration, high-cost insurance model; insurers must reduce customer acquisition costs and expenses of management, reassess product and channel value, and adopt digital distribution and customer-centric design to improve affordability and margins. The regulator expanded the Use and File procedure to enable quicker product launches within regulatory norms. Mis-selling undermines trust and must be prevented by correct sales practices. Universal, meaningful coverage by 2047 is framed as the penetration objective, founded on affordability, accessibility and awareness.
February 25, 2026
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Money laundering asset attachment under PMLA leads to provisional seizure of land tied to alleged fraudulent land transfers.
Provisional attachment under the Prevention of Money Laundering Act was ordered against land held by associate companies and nominees of a real estate firm amid allegations that those entities served as land holding vehicles while funding, control and beneficial ownership vested with the company; the probe alleges irregular collaboration agreements and GPAs, weakened landowner bargaining after acquisition notifications, transfers to private colonizers at depressed rates, wrongful gains to the company and detriment to landholders.
February 25, 2026
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PMLA attachment of a residential asset restricts transfer during investigation, pending adjudicating authority confirmation and possible confiscation.
A provisional attachment under the Prevention of Money Laundering Act has been issued against the Reliance Group residential property 'Abode' to prevent its transfer during an investigation into alleged bank loan fraud linked to Reliance Communications; the agency alleges the property was aggregated into a private family trust to disguise involvement and shield assets from liabilities arising from personal guarantees, and the attachment remains subject to confirmation by the PMLA Adjudicating Authority within 180 days, after which confiscation and vacation orders may follow.
February 25, 2026
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Revenue Intelligence and Economic Offences Directorate expands remit to investigate economic crimes and tax evasion.
The government replaces the State Revenue Intelligence Directorate with a Revenue Intelligence and Economic Offences Directorate empowered to investigate real estate fraud, banking and insurance financial crimes, NBFC and securities offences, multi-level marketing scams, fake insolvency cases, fraudulent recruitment and admission documents, illegal encroachments, stamp and registration irregularities, shell companies and cooperative scams, and to integrate inputs from tax and other revenue departments to check revenue leakages and curb tax evasion.
February 25, 2026
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Asset attachment under PMLA targets luxury property amid alleged bank fraud; further questioning scheduled by investigators.
A provisional order under the Prevention of Money Laundering Act attaches the Mumbai residence 'Abode', a multi storeyed luxury house valued at Rs 3,716.83 crore, in a probe connected to an alleged bank fraud by Reliance Communications; the cumulative attached value in the investigation is about Rs 15,700 crore.
February 25, 2026
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Judicial integrity concerns prompt objection to textbook chapter, with related Supreme Court guidance on public discourse and a trial stay.
The Chief Justice objected to an NCERT Class 8 chapter on judicial corruption, leading to its removal and highlighting protection of judicial integrity. The Supreme Court emphasised that high constitutional office holders must not target communities and stayed trial proceedings by the Enforcement Directorate against a state chief minister. Separately, the US initiated a preliminary countervailing duty on certain Indian solar imports and the UK introduced mandatory electronic travel authorisations and eVisas, reflecting trade remedy and migration procedural changes.
February 25, 2026
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Two-child disqualification removed for local body elections, while discriminatory disease-based bar deleted and a new economic offences directorate established.
The cabinet introduced amendment bills to remove the statutory bar on persons with more than two children contesting local body elections and approved deleting "leprosy" as a disqualifying disease in municipal election law, while replacing the State Revenue Intelligence Directorate with a Revenue Intelligence and Economic Offences Directorate to investigate and prevent financial crimes, real estate fraud, shell companies, forged documents, illegal encroachments and revenue leakages, and coordinating inputs from tax and sectoral departments.

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Poll losses have made Rahul bitter, full of hate for India: Anurag Thakur

February 11, 2026

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New Delhi, Feb 11 (PTI) Hitting out at Rahul Gandhi in the Lok Sabha, Union minister Kiren Rijiju and BJP leader Anurag Thakur on Wednesday said successive electoral losses have made the Leader of Opposition so bitter that he has started hating India and its constitutional institutions.

Countering Gandhi's claims that the government has "sold out" India's interests in the interim trade deal with the US, Parliamentary Affairs Minister Rijiju said Narendra Modi was the strongest prime minister the nation ever had and his leadership was "unshakeable".

"Koi mai ka laal paida nahi hua jo humare desh ko bech de ya kharid le (no one has the audacity to sell or buy out India)," Rijiju said soon after Gandhi completed his speech during a debate on the Union Budget in the Lower House.

Participating in the debate, BJP member Thakur said successive electoral losses have filled Gandhi with hatred.

"It is unfortunate that he cannot even speak on the subject of the defeat. The electoral losses have filled him with hatred. He hates parliamentary rules, he hates the speaker, he hates constitutional institutions, he hates the prime minister and now he has started hating India," Thakur said.

The former Union minister said that the Congress has faced losses in 95 elections under Gandhi's leadership and soon "they are going to hit a century of losses".

Countering Gandhi's comments of the US having a "chokehold" on India, Thakur said during the UPA rule, 11 of the 12 banks were under the stranglehold of PCA (Protective Corrective Action) framework.

"We recovered Rs 10 lakh crore in bad loans and gave banks a healthy balance sheet," he said.

Thakur accused Gandhi of shedding crocodile tears for MSMEs and said that the Congress-led UPA government gave a free-pass to Chinese products for Indian markets at the cost of domestic entrepreneurs.

"They (Congress) used to demote MSMEs, while Modi promoted MSMEs," the BJP leader said.

Thakur said Gandhi always raised the issue of "vote chori" (vote theft) whereas the reality is that the people have stopped voting for thieves.

"He is being programmed by Uncle Sam and Uncle Soros. Rahul had a US SIM card embedded in him and runs on software of Uncle Soros. Some visible and invisible forces are at play," the BJP leader said.

LJP (RV) member Arun Bharti welcomed the Budget, saying that Bihar was witnessing development due to the progressive policies of the NDA government.

He said Bihar was always discriminated against and marginalised which is why development never happened in the state.

"Migrant labourers from Bihar travelled far and wide in search of employment because the state was not developed enough to provide employment," the Jamui MP said.

The state that was dismissed as 'BIMARU' is now emerging as the pride of the new India, Bharti said.

"The Budget has given an assurance that good work will be paid well, and this is happening because of the NDA government at the Centre," he said.

AAP member Raj Kumar Chabbewal demanded that the Centre clear the financial dues of Punjab.

"The Centre owes Rs 12,205 crore to the state, and we demand that the same be cleared soon," Chabbewal said.

BJP member Sudhir Gupta said former finance minister Manmohan Singh would present budgets with a sense of despair and even the poetry quoted in the speech was disappointing.

Gupta said the Budget presented by Sitharaman was full of hope.

Sikkim Krantikari Morcha member Indra Hang Subba thanked the finance minister for announcing plans to develop a Buddhist circuit in the northeastern states.

He also lauded the announcement of developing hiking and trekking trails in Himalayan states and urged the Centre to consult Sikkim in this regard as the state has prior experience in the field.

Azad Samaj Party (Kanshi Ram) member Chandra Shekhar said unemployment was the biggest problem facing the nation and demanded targeted employment schemes for the SC/ST and OBC communities.

Trinamool Congress member Kalyan Banerjee said Sitharaman's Budget speech was full of sound and fury.

He said West Bengal was denied due fiscal allocation in central schemes such as MGNREGA and Samagra Shiksha Abhiyan on irrational grounds.

Banerjee said the West Bengal chief minister has written letters to the Prime Minister, but none have been answered.

"Bengal has been ignored, Bengalis have been ignored. Announcements in the budget are plentiful, but implementation is scarce," Banerjee said. PTI SKU SKU KVK KVK

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