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    Madras HC orders notice to I-T dept over discrepancies in TVK chief Vijay's asset disclosures
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April 20, 2026
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Asset disclosure discrepancies in election affidavits raise questions over truthful voter information and financial scrutiny.
Contradictory asset disclosures in election nomination affidavits triggered a petition seeking scrutiny of a candidate's Form 26 declarations, sources of income, and related statutory filings. The matter concerned materially different total asset values stated in affidavits filed for two constituencies and the alleged impact of such inconsistency on truthful voter information and election disclosure integrity.
April 20, 2026
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Money laundering probe over alleged unaccounted funds, bogus invoices and hawala channels linked to a consultancy firm investigation.
A legal representative appeared before the Enforcement Directorate to assist in extracting data from seized electronic gadgets in a case involving alleged falsification of accounts, unaccounted funds, bogus invoices, hawala transfers and money laundering. The probe stems from a police FIR against the consultancy company and is linked to a separate coal-related investigation.
April 20, 2026
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Anticipatory bail in sexual harassment and alleged religious coercion probe denied interim protection as police responses were sought.
Anticipatory bail in a sexual harassment and alleged religious coercion investigation was sought by Nida Khan on the ground of pregnancy. The court did not grant interim protection from arrest and directed the police and the complainant to file responses, with further hearing scheduled. The investigation also involved allegations of molestation, attempted forceful conversion, hurting religious sentiments, and related offences, while the defence disputed the applicability of the Scheduled Castes and Scheduled Tribes (Prevention of Atrocities) Act.
April 20, 2026
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Regulatory assets liquidation and independent audit directions reshape Delhi power dues and consumer electricity billing obligations.
Directions were issued for liquidation of regulatory assets accumulated by Delhi distribution companies within three weeks, with the regulator's request for delay rejected as unreasonable. The tribunal also held that the audit of the discoms need not be conducted by the Comptroller and Auditor General and directed appointment of an independent chartered accountant within one week, with completion of the audit within three months. The dues were described as regulatory assets recoverable through consumer surcharges in electricity bills.
April 20, 2026
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Court-monitored completion of stalled housing projects moves forward as remaining Supertech projects face urgent NCLAT review.
Expeditious court-monitored administration of the remaining housing projects of Supertech has been directed through the NCLAT, with the focus on determining whether the unresolved 14 projects can also be placed with another agency for completion. The order addresses stalled residential projects, uncertainty faced by homebuyers, and the need for a common framework for all Supertech projects, including those already handed over for completion. The court also noted that stakeholders, including land-owning agencies and farmers, must be heard urgently.
April 20, 2026
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Trade diversification and market access face strain as West Asia instability pressures India's macroeconomic stability.
West Asia geopolitical instability poses risks to India's trade and macroeconomic stability by widening the current account deficit and pressuring the exchange rate, while slowing the India-GCC Free Trade Agreement and affecting trade diversification and market access. The report also recommends upgrading the gems and jewellery sector through design-led manufacturing, GI-branded products, stronger trade facilitation, improved raw material access, easier finance, simplified customs procedures, and better sector-specific data systems.
April 20, 2026
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Preferential market access shapes India-US trade talks as tariff changes prompt recalibration of the bilateral framework.
India is seeking a mechanism for preferential market access in the US for domestic goods as part of the first tranche of the bilateral trade agreement, with officials discussing tariff treatment and related framework changes in light of altered US tariff conditions. The agreed framework had contemplated tariff reductions on Indian goods and reciprocal tariff concessions by India on a wide range of US industrial, food and agricultural products, alongside proposed Indian purchases of US energy products, aircraft, precious metals, technology products and coking coal. The pact is being recalibrated because all US trading partners now face a uniform tariff environment.
April 20, 2026
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Anticipatory bail and interim arrest protection were declined in a workplace harassment and religious coercion investigation.
Anticipatory bail proceedings concerned allegations of sexual harassment, religious coercion, defamation and allied offences against an accused employee in the Nashik unit of Tata Consultancy Services. The accused sought interim protection from arrest on the ground of pregnancy, but the court did not grant interim relief and instead directed the police and the complainant to file their responses. The investigation involved multiple FIRs, arrests of several persons and allegations of pressure on female employees to pray, change dietary habits and conform to religious practices.
April 20, 2026
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Digital customs duty payments gain momentum through ICEGATE 2.0 integration with secure net banking and instant challans.
IDFC FIRST Bank has integrated its retail and corporate internet banking platforms with the ICEGATE 2.0 portal to enable secure digital payment of Customs Duty, Central Excise and Service Tax. Customers can initiate payments through the portal, complete transactions through net banking, and obtain real-time confirmation together with downloadable challans for record-keeping and reconciliation. The integration forms part of the bank's broader tax payment suite and its authorised support for tax payments across Direct Taxes, GST and Customs.
April 20, 2026
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Transnational subsidies under the SCM Agreement drew focus as the panel discussed financial contribution, public body status, and trade remedy implications.
A panel discussion examined the WTO Panel Report in the dispute concerning European Union countervailing and anti-dumping duties on stainless steel cold-rolled flat products from Indonesia, focusing on the legal and policy implications for transnational subsidies under the SCM Agreement. The discussion considered attribution of financial contributions by foreign entities to the Government of Indonesia, the closed-list character of financial contribution under Article 1.1(a)(1), the assessment of public body status, and the broader significance of the ruling for cross-border state support and industrial policy.
April 20, 2026
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Dearness Allowance revision approved for Central Government employees and pensioners to offset price rise from 2026.
An additional instalment of Dearness Allowance for Central Government employees and Dearness Relief for pensioners has been approved with effect from 01.01.2026, increasing the existing rate by 2% to 60% of basic pay or pension. The increase is intended to compensate for price rise and operates in accordance with the accepted formula based on the recommendations of the 7th Central Pay Commission.
April 20, 2026
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Maritime insurance pool strengthens domestic cover for vessels, reduces external dependence, and supports continuity of trade.
Approval has been given for creation of a domestic Bharat Maritime Insurance Pool backed by a sovereign guarantee to provide continuous maritime insurance cover for Indian flagged or controlled vessels, and for vessels destined to or starting from India. The pool is intended to reduce dependence on external insurance markets, address volatility and geopolitical disruption, and maintain insurance availability for maritime trade, including cargo movements between international origins and Indian ports and vice versa. It will cover major maritime risks, with policies issued by insurer members using combined underwriting capacity.
April 19, 2026
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External debt rollover and reserve support shape Pakistan's repayment schedule to the United Arab Emirates.
Pakistan's central bank expects to repay the remaining USD 1.5 billion outstanding to the United Arab Emirates by April 23, after having already transferred USD 2 billion on maturity of the deposits. The repayment follows the UAE's balance-of-payments support arrangement and is said to have been managed alongside stable foreign exchange reserves and recent inflows, including anticipated IMF disbursement support. The related financing position also includes a Saudi arrangement under which a USD 3 billion deposit with the State Bank of Pakistan was extended in maturity, with USD 2 billion already deposited by the Saudi Fund for Development.
April 19, 2026
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Women's reservation and delimitation dominate Maharashtra opposition's criticism of the Prime Minister's address.
Opposition leaders in Maharashtra criticised the Prime Minister's address as containing false claims and failing to address women's reservation properly. They demanded immediate implementation of the Nari Shakti Vandan Act and objected to any linkage between women's reservation, Census, and delimitation, saying such a connection could affect the electoral structure and delay implementation.
April 18, 2026
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Sexual harassment and forced conversion allegations at a workplace triggered multiple FIRs and police action.
Allegations at a Tata Consultancy Services unit in Nashik concerned sexual harassment, deceitful sexual relations, blackmail, and pressure to convert to Islam. One complainant said an accused concealed his marriage, induced a relationship by promising job help, and later established physical relations against her wishes, while he and other colleagues allegedly made derogatory remarks about Hindu deities and pressed her to convert. Police registered multiple FIRs and invoked provisions relating to sexual intercourse by deceit, sexual harassment, and hurting religious sentiments.
April 18, 2026
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Asset quality and governance concerns shape HDFC Bank's strong quarterly profit update amid West Asia conflict risks.
HDFC Bank reported higher quarterly net profit, with advances growth supporting core income, while also flagging near-term stress for some small-business and SME borrowers from the West Asia conflict. The bank said asset quality remained strong, provisions declined, and non-interest income was affected by RBI measures to curb rupee speculation. It also referred to governance and ethics-related concerns around the recent chairman resignation, an ongoing external legal review, and possible top-level leadership reorganisation.
April 18, 2026
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Sexual harassment and coercive conversion allegations trigger multiple FIRs, deceitful intimacy claims, and religious insult accusations.
Allegations of sexual harassment, deceitful sexual intercourse, religious insult, and pressure to convert arose from complaints made by a woman employee at a company unit in Nashik. The complaint states that one accused concealed his prior marriage, induced friendship and a promise of employment, attempted forced intimacy, and later established a physical relationship against her wishes, while also allegedly making derogatory remarks about Hindu deities and urging conversion to Islam. The FIR invokes sexual intercourse by deceitful means, sexual harassment, and hurting religious sentiments under the Bharatiya Nyaya Sanhita.
April 18, 2026
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Budget session ends with passage of key bills, defeat of women's reservation amendment, and adjournment sine die.
Lok Sabha was adjourned sine die at the close of the Budget session after passage of the Union Budget, Demands for Grants, the Finance Bill 2026-27 and the Appropriation Bill, completing the budgetary exercise in Parliament. Parliamentary business during the session included passage of several bills, reference of one bill to a parliamentary committee, non-takeup of another bill, and defeat of the Constitution (131st Amendment) Bill, 2026 on women's reservation through delimitation.
April 18, 2026
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Trade and investment cooperation between India and Austria deepens across innovation, skills, infrastructure and future economic partnership.
The 17th Session of the India-Austria Joint Economic Commission reviewed bilateral economic relations and advanced a framework for strengthening trade, investment and innovation cooperation. Discussions covered infrastructure, scientific research, dual vocational training, skills development, startups, AYUSH, tourism, semiconductors, critical minerals, digitalisation, artificial intelligence and film funding, while both sides also welcomed the conclusion of negotiations for the India-European Union Free Trade Agreement.
April 18, 2026
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Fast-track investment facilitation strengthens India-Austria trade ties, with focus on market access, MSMEs and green technologies.
A bilateral Fast-Track Mechanism was launched to facilitate investments between India and Austria by providing a dedicated platform for investors in both countries, addressing issues, supporting timely resolution and improving ease of doing business. The forum also highlighted the proposed India-EU Free Trade Agreement, priority cooperation in sustainable development, advanced manufacturing and green technologies, and opportunities for labour-intensive sectors, MSMEs and innovation-driven enterprises.

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PMLA / Black Money

I-PAC raids: SC quizzes Bengal govt, says ED officers also have fundamental rights

March 24, 2026

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New Delhi, Mar 24 (PTI) The Supreme Court on Tuesday quizzed the West Bengal government over its objection to the maintainability of the Enforcement Directorate's plea on the alleged obstruction by Chief Minister Mamata Banerjee during a raid, asking about the fundamental rights of ED officers.

The top court remarked that some officers of the ED have filed petitions in their individual capacity seeking to know whether they cease to be citizens of India merely because they are officers of the agency.

The West Bengal government has questioned the maintainability of the ED's plea which alleged obstruction by Banerjee and other state authorities during its January 8 search of the office of political consultancy firm Indian Political Action Committee's (I-PAC) in Kolkata. The search was in connection with a money-laundering probe.

A bench of Justices Prashant Kumar Mishra and N V Anjaria was told by senior advocate Kapil Sibal, appearing for Banerjee, that a person who moves the court under Article 32 of the Constitution has to specifically set out which fundamental right of his has been violated.

"Please concentrate on the fundamental rights of the officers of the ED with whom the offence has been committed. If you only concentrate on ED, ED, ED and forget the second petition which is preferred by the individual officers who were the victims of that offence, you may miss the point and you will be in difficulty," Justice Mishra observed.

Sibal argued that the person (Deputy Director Robin Bansal) who filed the writ petition has not claimed a violation of any fundamental right.

"Not only that, assuming he has a fundamental right, then the petition must state which fundamental right has been violated," he said adding that in this particular case the ED is not even a person.

Sibal said any obstruction in the performance of a statutory duty is not a violation of a fundamental right.

"If someone obstructs a police officer, he can't file a petition under Article 32. He also can't file a 226 petition. There will be a prosecution launched for the obstruction of violating his right to discharge his functions," Sibal said.

At this juncture, Justice Mishra remarked, "If the CM barges into an ED investigation and commits an offence, your idea of remedy for the ED is to go to the state government which is headed by the CM and inform them about it and seek remedy?" Responding to the question, Sibal said, "Your lordships are assuming that the chief minister has committed an offence." "If ED is investigating under the Prevention of Money Laundering Act and some other offence has come to the notice of the officers, then the concerned agency, in this case the state government, should be informed as per Section 66 of PMLA," Sibal said.

Justice Mishra then said, "We are not assuming anything. That is the allegation.

"Do not mistake us. Every allegation is based on some facts, if there are no facts, there is no need to be investigated. That is what they are praying for, for CBI to investigate." Questioning the maintainability of the ED's plea over alleged obstruction by Chief Minister Banerjee during a raid, Sibal said a deputy director mentioned in the cause title was not present while the raids were being conducted.

Senior advocate Kalyan Banerjee, also appearing for the chief minister, argued that the state has to give consent for a CBI investigation and the constitutional court has the power in other cases.

The hearing remained inconclusive and will continue on April 14.

On January 15, the top court said the West Bengal chief minister's alleged obstruction in the ED's probe is "very serious" and agreed to examine if a state's law-enforcing agencies can interfere with any central agency's investigation into any serious offence as it stayed FIRs against the ED officials who raided I-PAC.

The ED has alleged interference and obstruction by the state government, including by Banerjee, in its probe and search operation at the I-PAC office and the premises of its director, Pratik Jain, in connection with an alleged coal-pilferage scam.

The top court, while staying the FIRs filed in West Bengal against the ED officials, had also directed the state police to protect the CCTV footage of the raids.

It had issued notices to Banerjee, the West Bengal government, former state DGP Rajeev Kumar and top cops on the ED's petitions seeking a CBI probe against them for allegedly obstructing its raids. PTI PKS PKS KSS KSS

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