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    Punjab Assembly passes nine key bills
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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 & Trade

AAHAR 2026 – 40th Edition: Strengthening India’s role in the global food economy through a structured B2B platform

March 10, 2026

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New Delhi | 10th March 2026: At a time when the world is navigating geopolitical uncertainty, supply chain disruptions, and economic realignments, food security and food trade have become more critical than ever. In such a global environment, platforms that strengthen trade partnerships and supply chain resilience become extremely important. The 40th edition of AAHAR is therefore not just another exhibition — it is a statement of India’s growing role in the global food economy. Over the last four decades, AAHAR has evolved into one of Asia’s most respected Business-to-Business platforms for the food and hospitality sector. It connects producers, processors, exporters, technology providers, hospitality leaders and institutional buyers from across the world. As India hosts the 40th edition this year, the exhibition reflects both continuity and transformation — continuity of a trusted trade platform, and transformation in how the global food ecosystem is evolving.

AAHAR exists because trade platforms are essential for translating production strength into economic opportunity. India today is among the largest producers globally of milk, spices, rice, fruits and vegetables, and pulses. Specifically, India accounts for 24% of global milk production, commands a 25% share of the $20 billion global spices market, contributes 28% of world rice production, and leads in fruits like bananas (26% global production), mangoes (43%), and papayas (37%). However, production scale does not automatically translate into proportionate export dominance. These figures illustrate that production alone does not create economic value. Value is created when agriculture connects with processing, technology, packaging, logistics and global markets. AAHAR provides exactly this platform.

Recent export performance underscores this opportunity. In FY25, dairy exports reached 113,350 metric tonnes valued at $493 million, representing an 80% year-on-year increase. Similarly, while India produces spices at scale, it captures approximately 25% of global spice exports, exporting 1.5 million tonnes worth $4.5 billion annually. Rice exports demonstrate stronger global penetration, with India shipping 21.55 million tonnes in 2025, valued at approximately $12.95 billion in FY25, representing significant volume in global rice trade. Fruits and vegetables exports reached $1.82 billion in FY25, while pulses exports hit a record 876,000 metric tonnes from January to November 2025, with full-year projections approaching 1 million metric tonnes. These indicators underline a clear pathway: strengthen value addition and processing capability, promote technology adoption, and build structured market linkages that expand India’s presence in global food trade.

AAHAR enables this through outcomes that are clearly business-focused. It facilitates business matchmaking, export partnerships, technology exchange and investment opportunities. For entrepreneurs, processors, hospitality players and exporters, AAHAR is where real business conversations happen.

Food and hospitality is among the fastest growing sectors in India, driven by demography, rising prosperity, urbanisation, lifestyle changes, rapidly growing leisure travel, outsourcing events and the evolution of a modern market, services and supply chain infrastructure. At the heart of this growth is the food processing industry. In this context, AAHAR’s relevance extends across the complete sector—from the front end to the back end—bringing together stakeholders across food processing and hospitality solutions, and connecting them to the world.

The scale of this year’s edition demonstrates the confidence that global industry has in the platform. AAHAR 2026 features 1800+ exhibitors, including 155 international exhibitors from 17 countries, with Italy as the Partner Nation. Participants represent the entire food ecosystem including processed foods, dairy and marine products, spices and organic produce, bakery and confectionery, food processing machinery, cold chain technology, packaging innovations and hospitality solutions. This breadth makes AAHAR one of the most comprehensive food and hospitality trade events in the region.

The exhibition increasingly serves as a platform not just for physical products, but for technology solutions that enhance efficiency and sustainability across the food value chain. As global supply chains diversify, countries are looking for stable and reliable sourcing partners. India offers a unique combination of agricultural scale, skilled workforce, expanding food processing capacity, and a strong entrepreneurial ecosystem. Total agricultural and processed food exports reached approximately $49 billion in FY25, with agricultural exports constituting 11.9–13% of India’s total export basket. The food processing sector contributes 7.93–8.8% to India’s manufacturing Gross Value Added (GVA) and accounts for 12.91% of organized employment in the manufacturing sector. The role of platforms like AAHAR is to accelerate these global linkages and help Indian businesses connect with international buyers and partners.

A defining pillar of the platform is its relevance for Micro, Small and Medium Enterprises (MSMEs) and emerging entrepreneurs. AAHAR has always provided an inclusive platform for these businesses. Through dedicated startup pavilions, buyer-seller interaction sessions, and global networking opportunities, the exhibition enables smaller enterprises to connect with larger markets and institutional buyers. For many MSMEs, AAHAR is where their products first reach global buyers, where they secure their first export orders, and where they establish relationships with technology providers and logistics partners that enable scale. The government’s support through schemes like PM Formalization of Micro Food Processing Enterprises (PMFME), Production Linked Incentive (PLI) for food processing, and infrastructure development under the Pradhan Mantri Kisan Sampada Yojana (PMKSY) creates an enabling environment that platforms like AAHAR help translate into commercial opportunities.

The global food industry is increasingly focused on sustainability and responsible business practices. This includes responsible sourcing and ethical supply chains, efficient resource use particularly water and energy, sustainable packaging solutions reducing plastic use, lower carbon footprints through optimized logistics, waste reduction and circular economy principles, and organic and regenerative agriculture practices. Many exhibitors at AAHAR are showcasing innovations in these areas, reflecting the industry’s commitment to responsible growth. Sustainability is no longer a peripheral concern but a core competitive advantage in global food trade.

Chairman, ITPO Quote: The food and hospitality sector is among the fastest-growing sectors in India, driven by favourable demographics, rising prosperity, urbanisation, changing lifestyles, growing leisure and business travel, outsourcing of events, and the evolution of modern markets, services, and supply chain infrastructure.

At the core of this ecosystem lies the food processing industry.

India is already a major exporter of agricultural products. Exports of value-added products, equipment, and accessories are emerging as a new priority and are showing promising growth. Our new Free Trade Agreements will further expand export opportunities, which are vital for our farmers and the MSME sector.

AAHAR brings together all segments of this industry — from the front end to the back end — and connects them with the global market. International participation continues to grow, and for the first time, Italy is the Partner Country for this edition.

(Disclaimer: The above press release comes to you under an arrangement with NRDPL and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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