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    Illegal Aadhaar card enrolment racket busted in Rajasthan's Hanumangarh, 1 held
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April 17, 2026
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Illegal Aadhaar enrolment racket exposes biometric fraud, forged identities and misuse risks in digital authentication systems.
Illegal Aadhaar enrolment activity was detected in Hanumangarh district, where an unauthorised centre was allegedly operated using the login credentials of other operators to generate fake Aadhaar cards by manipulating biometric data. Dummy fingerprints, copied retina images and forged signatures on enrolment receipts were used to bypass authentication safeguards. Police seized equipment including a laptop, printer, iris scanner, fingerprint devices, GPS equipment, camera and a mobile phone, and registered a case under relevant provisions of the Bharatiya Nyaya Sanhita and the IT Act.
April 17, 2026
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Foreign exchange reserves rise as higher currency assets and gold lift India's forex kitty above the USD 700-billion mark.
India's foreign exchange reserves increased to USD 700.946 billion during the week ended April 10, 2026, driven by higher foreign currency assets, gold reserves, Special Drawing Rights and the reserve position with the International Monetary Fund. The foreign currency assets rose to USD 555.983 billion, while gold reserves increased to USD 121.343 billion and Special Drawing Rights to USD 18.763 billion.
April 17, 2026
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Coal import probe prompts Special Presidential Commission to review procurement procedures, state loss, and energy sector oversight.
Sri Lanka appointed a Special Presidential Commission of Inquiry to examine coal imports for power generation by Lanka Coal Ltd from the commencement of imports up to 16 April 2026, including whether the imports caused loss to the state and whether accepted procurement procedures were followed. The commission was constituted under the Special Presidential Commissions of Inquiry Act and its special provisions. The inquiry followed concerns raised over coal procurement and alleged irregularities in the state supply chain for thermal power generation.
April 17, 2026
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Category II AIF launch targets pre-leased commercial real estate through a diversified income-oriented investment strategy.
SEBI-registered Category II AIF manager Alt Capital announced the launch of AltCap Yield Fund III, the third scheme under its alternative investment fund platform, in partnership with FundsIndia Private Wealth to raise a target corpus of Rs. 1,000 crore with an additional green shoe option. The scheme is targeted at institutional investors, HNIs, family offices, and select domestic and NRI investors, and is positioned as an income-oriented real estate vehicle focused on stable, pre-leased Grade A/A+ office and warehousing assets. The stated approach includes diversification, prudent leverage, and a portfolio-exit strategy.
April 17, 2026
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Startup India recognition, funding support, and public procurement expand as startup numbers, jobs, and patent filings rise.
Government recognition of startups under the Startup India initiative reached a record level in FY 2025-26, with total recognised startups crossing 2.23 lakh and direct jobs exceeding 23.36 lakh. Support continues through the Fund of Funds for Startups, the Startup India Seed Fund Scheme, and the Credit Guarantee Scheme for Startups, including expanded guarantee cover, incubator funding, and continued disbursement mechanisms. Startup-led innovation has also grown through higher patent filings and wider participation in public procurement through the Government e-Marketplace.
April 17, 2026
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Norms Committees reform under DGFT aims to streamline duty-free import approvals and improve trade facilitation for exporters.
Strengthening of Norms Committees under the Directorate General of Foreign Trade has been undertaken to improve the administration of the Advance Authorisation and Duty-Free Import Authorisation schemes under the Foreign Trade Policy. These schemes permit duty-free import of inputs physically incorporated in export products, with authorisations ordinarily issued against notified Standard Input Output Norms and, where such norms are unavailable, against self-declared input-output norms later examined and finalised by sector-specific committees. The reforms are directed at improving turnaround time, enabling earlier approvals, and making the norms fixation process more transparent and predictable.
April 17, 2026
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Integrated Management System certification reinforces quality, safety, sustainability and facility management across a large office park portfolio.
Panchshil Realty's 12 office parks have obtained an Integrated Management System certification covering quality management, environmental management, occupational health and safety management, and facility management. The certified portfolio spans IT, SEZ and mixed-use office parks and extends to end-to-end Integrated Facility Management services, including engineering operations and maintenance, soft services, safety and security systems, civil upkeep, and digital FM enablement. The certifications are presented as internationally accredited and tied to standardised systems, stronger operational frameworks, and global ESG-aligned service delivery.
April 17, 2026
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India-US partnership gains momentum as diplomatic talks continue alongside bilateral trade agreement negotiations.
Indian Ambassador Vinay Mohan Kwatra discussed issues of mutual interest with Congressman Pete Sessions and appreciated his support for a stronger India-US partnership. The meeting formed part of ongoing diplomatic engagement as India and the US negotiated the finer elements of a bilateral trade agreement, following earlier finalisation of a framework for the first phase.
April 17, 2026
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Interest recomputation under GSTR-3B allows correction of auto-calculated delayed-filing interest through the GST Portal.
GST Portal auto-calculates interest on delayed filing of GSTR-3B and auto-populates it in Table 5.1 of the subsequent return, with the breakup available in the system-generated GSTR-3B PDF. If the interest has been computed incorrectly without giving benefit of the minimum cash balance in the Electronic Cash Ledger under the proviso to Rule 88B(1) of the CGST Rules, 2017, taxpayers may use the "RE-COMPUTE INTEREST" option in Table 5.1. The revised interest then appears in the updated PDF and should be manually entered in Table 5.1, not below the recomputed amount.
April 17, 2026
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Regulatory capacity building for IFSC officers through training on corporate laws, securities regulation, and cross-border financial frameworks.
An induction training programme was commenced for Assistant Managers of the International Financial Services Centres Authority under the Memorandum of Understanding between IFSCA and the Indian Institute of Corporate Affairs. The collaboration is aimed at strengthening India's international financial services ecosystem through capacity building, policy research, and knowledge partnership, with the programme serving as an operational step in that arrangement. The training is designed to equip IFSCA officers with a working understanding of corporate laws, governance frameworks, financial regulations, cross-border transactions, securities regulation, corporate finance, financial reporting, cross-border insolvency, and IFSC-specific regulatory frameworks.
April 17, 2026
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Companies incorporation reform streamlines filings, simplifies compliance, and modernises electronic communication under the proposed amendment rules.
Public consultation has been invited on proposed amendments to the Companies (Incorporation) Rules, 2014 to streamline incorporation, reduce repetitive compliance, rationalise KYC and documentation, modernise communication methods, and align the filing framework with Ease of Doing Business objectives. The draft also proposes consolidation of multiple forms into simplified e-forms, simplified name reservation rules, revised registered office documentation and verification requirements, updated procedures for shifting registered office, expanded DIN allotment at incorporation, and more flexible integrated registration under AGILE-PRO-S.
April 16, 2026
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Bail condition modification in a money-laundering case allowed travel permissions and monthly attendance exemption.
A Delhi court permitted a money-laundering accused to travel to several States for religious purposes and modified a bail condition requiring monthly appearance before the investigating officer. The accused sought relaxation on the grounds that the investigation was complete, his health had deteriorated and his passport was already deposited in another PMLA matter. The court rejected a jurisdictional objection, held that it retained authority to modify the conditions, and left the remaining bail terms intact.
April 16, 2026
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Sexual harassment and forcible conversion allegations lead to police custody, investigation, and victim identity protection warnings.
Two accused in a case concerning alleged sexual harassment and forcible religious conversion at a TCS unit in Nashik were remanded in police custody for further investigation. The accused were booked under Bharatiya Nyaya Sanhita provisions relating to outraging a woman's modesty, sexual harassment, and acts intended to insult a woman's modesty.
April 16, 2026
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Money laundering probe over alleged loan diversion and shell companies leads to ED custody for former executives.
Former senior executives of Reliance Anil Ambani Group were sent to five days' ED custody in a money laundering investigation arising from alleged bank loan fraud involving Reliance Home Finance Limited and Reliance Commercial Finance Ltd. The Enforcement Directorate alleged that loan funds were diverted to shell companies controlled by the group and that digital evidence, including emails, indicated the role of the arrested accused in siphoning and diverting funds. The order referred to emails and other digital material as showing participation by both accused in funding decisions and movement of loan proceeds.
April 16, 2026
Show AI Summary
Fraud classification of bank accounts challenged over forensic audit validity, RBI guidelines, and show cause notices.
Banks' proceedings to classify bank accounts as fraud were challenged on the basis that the underlying forensic audit was allegedly defective, the audit firm lacked qualification, and the banks' notices were said to violate mandatory RBI guidelines. The dispute concerned interim protection granted by a single judge against present and future action by the banks, followed by the division bench setting aside that protection. The Supreme Court declined to interfere with the division bench order, clarified that its observations would not affect the pending suit, and requested expeditious disposal of the challenge to the show cause notices.
April 16, 2026
Show AI Summary
Special Economic Zone reforms support semiconductor manufacturing, with Dholera notified for India's first chip fabrication plant.
Government has notified a Special Economic Zone to be established by M/s. Tata Semiconductor Manufacturing Private Limited at Dholera, Gujarat, exclusively for electronic hardware and software, including IT/ITES. The project is described as India's first chip fabrication plant and is set over 66.166 hectares with projected employment of 21,000 persons. The SEZ is intended to support semiconductor and electronics manufacturing through enabling infrastructure and a dedicated approval mechanism designed to streamline operations and logistics. The notification forms part of wider SEZ reforms that reduced land requirements, relaxed encumbrance norms, included free-of-cost supplies in Net Foreign Exchange calculations, and permitted domestic sales in the Domestic Tariff Area on payment of applicable duties.
April 16, 2026
Show AI Summary
Apricot export expansion boosts Ladakh farmers through international market access, value addition and reduced post-harvest losses.
Ladakh Administration signed an MoU with Lulu Retail, through APEDA and the Ministry of Food Processing Industries, to export at least 1,000 tonnes of Ladakhi apricots this season. The exporter will procure, pluck, sort, process, package, transport and market the produce in international markets while preserving the identity of Ladakh-origin apricots. The initiative is aimed at reducing post-harvest losses, improving value addition and providing farmers better pricing and direct market access.
April 16, 2026
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Asia growth outlook stays resilient as the IMF warns an energy shock may fuel inflation and tighten policy space.
Asia is projected to remain the main driver of global growth, with India and China contributing about 70 per cent of regional expansion. Growth in the region, after reaching about 5 per cent in 2025 despite US tariffs and trade uncertainty, is expected to moderate in 2026 and 2027. The IMF warned that the Gulf crisis energy shock could raise inflation, weaken external balances, tighten financial conditions and narrow policy space, requiring agile monetary policy.
April 16, 2026
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Sustainable in-house glass bottling solutions support premium hospitality operations through training, hygiene compliance and plastic reduction.
Export order for sustainable in-house glass bottled water solutions was secured by PBP EcoAqua from a Kenyan hospitality group for premium hotel operations. The arrangement includes automated glass bottling and water treatment systems, together with installation, technical training, operational familiarisation and dispatch planning. The project emphasises hygiene compliance, operational efficiency and sustainability performance benchmarks, and is intended to reduce dependence on single-use plastic bottles through reusable glass packaging and safe, premium drinking water services.
April 16, 2026
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Bribery and corruption under the Prevention of Corruption Act in a tax refund processing case
A senior Income Tax department employee was prosecuted in a bribery matter for allegedly demanding money to process a TDS refund arising from acquisition-related compensation. The case was tried as a corruption prosecution under the Prevention of Corruption Act, with the anti-corruption agency brought in after the complainant approached it. Trial evidence included examination of ten witnesses.

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Government recognizes more than 55,200 startups during FY 2025-26, highest ever in a single year since launch of Startup India initiative

April 17, 2026

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Total recognized startups cross 2.23 lakh with over 23.36 lakh jobs created; strong growth in funding, credit support and public procurement

The Government has recognized more than 55,200 startups during Financial Year 2025-26, marking the highest number of startups recognized in a single year since the launch of the Startup India initiative.

The Startup India initiative was launched on 16th January 2016 with an Action Plan comprising schemes and incentives aimed at creating a robust ecosystem for nurturing innovation, encouraging private investments, and supporting startups across the country. Various programmes are being implemented to recognize, develop and empower startups.

Since inception, the number of recognized startups has crossed 2.23 lakh as on 31st March 2026, generating more than 23.36 lakh direct jobs. More than 1.07 lakh recognized startups have at least one woman director or partner, accounting for approximately 48% of total recognized startups.

The number of startups recognized increased by 51.6% year-on-year in FY 2025-26 compared to FY 2024-25, while direct jobs created rose by 36.1% during the same period.

Table 1: Startups and jobs spread across the country

Details

FY 2024-25

FY 2025-26

Year-wise no. of entities recognized as startups

36,400+

55,200+

Year-wise no. of direct jobs created by recognized startups

3,66,870+

4,99,400+

Startups are now present across all States and Union Territories. Maharashtra, Karnataka, Uttar Pradesh, Delhi and Gujarat have emerged as leading regions in terms of the number of recognized startups and direct employment generation as on 31st March 2026.

Table 2: States and UTs with highest number of recognized startups 

State / UT

Entities recognized as startups

as on 31st March 2026

Direct jobs created

by startups as on

31st March 2026

Maharashtra

38,660+

4,13,900+

Karnataka

22,600+

2,46,000+

Uttar Pradesh

21,960+

2,11,580+

Delhi

21,120+

2,36,640+

Gujarat

19,270+

2,14,800+

Tamil Nadu

14,830+

1,52,900

Telangana

12,520+

1,36,570+

Haryana

11,620+

1,39,600+

Kerala

8,620+

74,130+

Rajasthan

8,100+

83,100+

The Government continues to support startups through flagship schemes including the Fund of Funds for Startups (FFS), Startup India Seed Fund Scheme (SISFS), and Credit Guarantee Scheme for Startups (CGSS), providing financial support at various stages of the startup lifecycle.

Under FFS, more than Rs. 7,000 crore has been disbursed to over 135 Alternative Investment Funds (AIFs) by the end of FY 2025-26, which have further invested more than Rs. 26,900 crore in over 1,420 startups. Building on this, the Government has notified Startup India Fund of Funds 2.0 with a corpus of Rs. 10,000 crore.

Table 3: Extensive support under flagship schemes - FFS

Details

FY 2024-25

FY 2025-26

Amount disbursed to AIFs to support

startups under the FFS 1.0 (in Rs. crore)

980+

1,039+

The Credit Guarantee Scheme for Startups has been expanded in FY 2025-26 to enhance capital mobilization by increasing the guarantee cover per borrower from Rs. 10 crore to Rs. 20 crore, enhancing the extent of guarantee cover, and reducing the annual guarantee fee for lenders in identified sectors. By the end of FY 2025-26, more than 410 loans amounting to over Rs. 1,250 crore have been guaranteed.

Table 4: Extensive support under flagship schemes - CGSS

Details

FY 2024-25

FY 2025-26

No. of loans guaranteed to startups

130

135+

Amount of loans guaranteed to startups (in Rs. crore)

305

600+

Under the Startup India Seed Fund Scheme, 219 incubators have been selected and the entire corpus of Rs. 945 crore has been committed. These incubators have approved funding of over Rs. 605 crore to more than 3,400 startups. The scheme has been extended to enable continued disbursement and completion of approved activities.

Startup-led innovation has also strengthened intellectual property generation, with more than 19,400 patent applications filed by startups. Patent filings increased from over 2,850 in FY 2024-25 to more than 4,480 in FY 2025-26.

Table 5: Increase in patent filing by startups

Details

FY 2024-25

FY 2025-26

Patent applications filed by startups

2,850+

4,480+

The Government e-Marketplace (GeM) has further facilitated startup participation in public procurement. More than 38,600 startups have been onboarded on the platform.

Table 6: Public procurement to support startup innovation

Details

FY 2024-25

FY 2025-26

Total no. of startups onboarded on GeM

5,140+

6,540+

Total number of orders placed to startups on GeM

1,19,620+

1,40,260+

Total value of orders placed to startups on GeM (in Rs. crore)

14,103+

19,190+

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