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April 27, 2026
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Startup India Fund of Funds 2.0 sets a catalytic AIF framework to mobilise private capital for startup funding access.
Operational guidelines for Startup India Fund of Funds 2.0 provide a structured framework for fund deployment, governance, and monitoring through SEBI-registered Category I and II Alternative Investment Funds investing in DPIIT-recognised startups. SIDBI is the initial Implementation Agency, with provision for an additional agency, and AIFs are segmented by focus areas such as deep tech, micro venture capital, innovative manufacturing, and sector- and stage-agnostic funds. The scheme requires minimum private capital mobilisation, includes a two-stage selection process, and allows co-investment and ecosystem capacity-building use of returns.
April 27, 2026
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Cybersecurity resilience and investor awareness take centre stage as stronger anti-fraud safeguards and consultative regulation are urged.
Cybersecurity resilience, investor awareness, grievance redressal, and consultative regulation were highlighted as central priorities for the securities market, with emphasis on strengthening safeguards across regulated entities in response to AI-enabled cyber threats, fake investment content, and market manipulation risks. The address noted SEBI's Cybersecurity and Cyber Resilience Framework, data analytics and digital forensics capabilities, and the use of investor verification tools such as SEBI Check, while calling for rapid-response takedowns, expanded public awareness campaigns in regional languages, and wider visibility for anti-fraud measures.
April 27, 2026
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Free trade agreement broadens market access, talent mobility and regulatory access across leather, pharma and traditional medicine sectors.
India-New Zealand Free Trade Agreement is presented as a comprehensive economic partnership extending beyond tariff reduction to include market access, agricultural productivity, investment, talent mobility, collaboration in sports and tourism, and people-to-people ties. The leather and footwear sector was highlighted as a major beneficiary because duties on Indian exports are to be eliminated on entry into force, including the reduction of tariffs on leather and footwear from 5 per cent to zero. The pharmaceutical, medical devices and health-related sectors were also central, with faster regulatory access through acceptance of GMP and GCP inspection reports and a dedicated chapter on Health and Traditional Medicine recognising AYUSH.
April 26, 2026
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Customer deposit misappropriation by a banking correspondent exposed fake receipts, unauthorised withdrawals, and account irregularities.
Alleged misappropriation by a banking correspondent involved customer deposits, fake receipts, and unauthorised withdrawals from customer accounts. The conduct allegedly included obtaining signed blank forms and Aadhaar photocopies under the pretext of KYC updates, ATM card applications, and mobile number linking, and then using them to access funds without proper deposit or authorisation. The fraud came to light after a depositor noticed an account mismatch, prompting complaints to the bank and a police complaint.
April 26, 2026
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RTI confidentiality over crude oil import data upheld for strategic and economic interests, with proactive disclosure directions issued.
Access to country-wise and company-wise crude oil import data relating to imports from Russia was denied as commercial and confidential information exempt from disclosure under the RTI Act. The Information Commission accepted that disclosure would prejudice the strategic and economic interests of the State and affect relations with foreign states, and also directed compliance with proactive disclosure obligations under Section 4 of the RTI Act.
April 26, 2026
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Duty-free market access through India-New Zealand free trade agreement set to expand export opportunities for leather MSMEs.
India's proposed free trade agreement with New Zealand is intended to expand bilateral commerce by providing duty-free access for Indian goods in the New Zealand market and by creating wider opportunities for domestic exporters, including the leather and sports goods sectors. The benefits are particularly significant for Agra's leather and footwear cluster, which is dominated by MSMEs and relies heavily on domestic supply and exports.
April 26, 2026
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Free trade agreement expands market access, services mobility, and regulatory cooperation between India and New Zealand.
India and New Zealand are set to sign a free trade agreement aimed at expanding bilateral trade, improving market access, and deepening investment and services cooperation. The pact provides duty-free or reduced-tariff access for most New Zealand exports while India excludes sensitive products such as dairy, onions, sugar, edible oils, rubber, and certain industrial goods. It also includes a temporary employment visa pathway for Indian professionals, agricultural cooperation, GI facilitation, regulatory cooperation, and faster pharma and medical devices access through acceptance of GMP and GCP inspection reports.
April 25, 2026
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GST compliance enforcement targets undocumented goods movement and strengthens monitoring through intelligence-led interception and RFID tracking.
GST enforcement action resulted in a penalty being imposed on a trader for attempting to move goods without proper documentation, in contravention of GST regulations. The trader was kept under surveillance on specific intelligence inputs and intercepted with the assistance of RFID tracking, enabling monitoring of the goods movement. The operation was carried out by the state tax enforcement team under departmental supervision as a compliance measure to ensure adherence to GST norms.
April 25, 2026
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Aadhaar biometric matching enabled identification of a divyang child and tracing of her family after she was found wandering alone.
Biometric data captured during Aadhaar enrolment was used to identify a divyang child found wandering alone and placed under care and protection. Unable to communicate due to intellectual disabilities, the children's home sought UIDAI assistance, and fingerprint biometrics were matched with existing Aadhaar records. The match enabled tracing of the child's home address and locating her family.
April 25, 2026
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Financial results disclosure highlights stronger deposits, improved asset quality, and normalized profit adjustments for one-time items.
Audited financial results for the quarter and year ended 31 March 2026 show growth in customer business, loans and advances, and deposits, with improved asset quality, stable net interest margin, and healthy capital adequacy. The release states that normalized profit after tax excludes one-time items, including a fraud incident, treasury loss, and income tax refund, and that provisions as a percentage of average loans and average total assets declined through FY26. It also records full expensing of the Chandigarh incident, utilization of contingency provisions on micro-finance, and no further material financial adjustments beyond those already recognized.
April 25, 2026
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Double standards over government bungalow interiors fuel allegations of public fund misuse and inconsistent public messaging.
Allegations were raised regarding the proposed interiors and furnishing of a government bungalow at Lodhi Estate, with claims that the design and amenities were inconsistent with the occupant's self-presentation as a common man. The criticism centred on alleged double standards, including assertions that earlier assurances against using government bungalows or vehicles were not followed and that the accommodation reflected an elite lifestyle rather than the stated public image. Questions were also raised over the alleged use of public or external resources for the bungalow, including claims of funding by a private firm and use of government funds during the Covid period.
April 25, 2026
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Cybersecurity vigilance, common KYC, and investor protection take centre stage as financial regulation adapts to AI-driven fraud.
Financial sector entities were urged to remain exceptionally vigilant on cybersecurity as artificial intelligence tools are making cyberattacks faster, more adaptive, and harder to detect. The article also stressed periodic consultation with foreign regulators, a principles-based soft-touch regulatory approach, common KYC across financial products, stronger investor education, and rapid action against unregistered financial influencers, fake investment content, deepfakes, and impersonation-driven fraud.
April 25, 2026
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Infrastructure project monitoring through PAIMANA tracks ongoing central sector works, sectoral progress, and ministry-wise implementation trends.
Central Sector infrastructure projects worth Rs.150 crore and above are monitored through the PAIMANA portal, a centralized web-based system based on the "one data, one entry" principle and linked with DPIIT's IPMP portal through APIs. As of March 2026, PAIMANA tracks 1,941 ongoing projects across 17 Central Ministries/Departments with a revised cost of Rs.41.50 lakh crore and cumulative expenditure of Rs.19.93 lakh crore. The report records substantial project progress, sector-wise distribution led by Transport & Logistics, and ministry-wise monitoring across major infrastructure portfolios.
April 24, 2026
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Forcible conversion and religious intimidation allegations arise from workplace harassment claims at a software company's BPO unit.
Police sought fresh custody of four accused in a case involving allegations of sexual harassment, forcible conversion, outraging religious feelings and criminal intimidation at a software company's Nashik BPO unit. The complainant alleged that the accused targeted his religious beliefs, forced him to wear a Muslim skull cap, perform Namaz and consume non-vegetarian food, and circulated the incident on an employee WhatsApp group. The remand material also referred to obscene remarks, work coercion, fabricated reports, physical intimidation and death threats.
April 24, 2026
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Banking licence cancellation over depositor protection concerns leads to prohibition on banking business and winding up action.
The Reserve Bank of India cancelled the banking licence issued to Paytm Payments Bank because its affairs were conducted in a manner detrimental to the interests of the bank, its depositors, and the public interest. The bank's management was said to be prejudicial to depositor protection and public interest. As a consequence, the bank is prohibited from conducting any banking business, and the RBI stated that it will apply to the High Court for winding up. The bank was also barred from onboarding new customers with effect from March 11, 2022.
April 24, 2026
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Bilateral trade agreement talks advance as India and the United States revisit tariffs, market access, and trade facilitation terms.
Trade talks between India and the United States on the first phase of a bilateral trade agreement have made positive progress, with both sides agreeing to remain engaged as discussions continue. The negotiations covered market access, non-tariff measures, technical barriers to trade, customs and trade facilitation, investment promotion, economic security alignment and digital trade, while the agreement framework is being revisited in light of changed tariff conditions in the United States. The report also notes that the US Trade Representative launched unilateral investigations affecting India under Section 301 of trade law, which India has strongly rejected and sought to have terminated for lack of cogent rationale.
April 24, 2026
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Insolvency and bankruptcy reform discussions spotlight emerging challenges, institutional strengthening, and value maximisation across the insolvency ecosystem.
A conclave on the Insolvency and Bankruptcy Code, 2016 marked the Code's tenth year by bringing together judicial members, regulators, insolvency professionals and other stakeholders to reflect on the evolution of India's insolvency regime. The discussions highlighted institutional strengthening, regulatory and judicial developments, and emerging issues such as enforcement and restitution of attached assets in CIRP, aviation insolvency, real estate insolvency, disciplinary frameworks and stakeholder synchronisation for value maximisation.
April 24, 2026
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Bilateral trade agreement talks advance as India and the United States discuss market access, digital trade, and customs facilitation.
India and the United States advanced discussions on a proposed Interim Agreement within the broader India-U.S. Bilateral Trade Agreement framework. An Indian delegation visited Washington, D.C. to refine the terms of the Interim Agreement and continue negotiations on market access, non-tariff measures, technical barriers to trade, customs and trade facilitation, investment promotion, economic security alignment, and digital trade.
April 24, 2026
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Foreign exchange reserves rise as RBI data shows gains in currency assets, gold holdings, and IMF reserve position.
India's foreign exchange reserves increased during the reporting week, with the Reserve Bank of India attributing the movement to changes in foreign currency assets, gold holdings, Special Drawing Rights, and the reserve position with the IMF. The report also notes that reserves had previously fallen after reaching an all-time high, as geopolitical uncertainty weighed on the rupee and prompted intervention in the forex market through dollar sales. Foreign currency assets rose in dollar terms, reflecting currency movements in the reserve portfolio.
April 24, 2026
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Trade agreement negotiations advance as India and the United States keep engaged on market access and digital trade issues.
India and the United States continued discussions on an interim trade agreement and the broader bilateral trade agreement framework, with both sides agreeing to remain engaged to preserve negotiation momentum. The talks covered market access, non-tariff measures, technical barriers to trade, customs and trade facilitation, investment promotion, economic security alignment and digital trade.

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TCS case: Male employee 'forced to wear skull cap, perform Namaz', says fresh remand plea

April 24, 2026

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Nashik (Maharashtra), Apr 24 (PTI) Four accused arrested in the sexual harassment and forcible conversion case at the TCS unit here allegedly forced a 35-year-old male colleague to wear a Muslim religious cap and perform Namaz, police told a court on Friday while seeking their custody.

The magistrate's court remanded Tausif Attar (36), Danish Sheikh (32), Shahrukh Qureshi (34) and Raza Rafiq Memon (35) in fresh police custody till April 29 in the case.

The accused, who were in judicial custody, were arrested afresh by police on April 23 and produced before the court on Friday in the case registered at Mumbainaka police station on the basis of a complaint filed by the male colleague who works as a senior analyst.

Sheikh and the other three accused were booked under relevant provisions of the Bharatiya Nyaya Sanhita (BNS) for outraging religious feelings and criminal intimidation.

During the hearing, prosecutors Kiran Bendbhar and Aniket Avhad sought their custody for ten days, citing seriousness of the matter.

As per the complainant, the accused used to target his religious beliefs and make derogatory comments about Hindu deities. On one occasion they forced him to wear a Muslim skull cap and perform Namaz, and its video was shared on a WhatsApp group of employees, the complaint stated.

The complainant was also forced to consume non-vegetarian food as part of a conversion attempt, the police told the court.

Further, the accused allegedly made obscene remarks about Hindu women, the complainant's wife and the couple's inability to have children, the remand application said.

They used their positions to force the complainant to do their work and sent fabricated performance reports to the head office, the police said.

During an altercation, two of the accused once allegedly threw an office table fan at the complainant and issued death threats to him, police said.

Their custodial interrogation was required to collect evidence, find accomplices and verify claims of the complainant being given "black magic advice", said the prosecution.

A Special Investigation Team of police is probing a total of nine cases of alleged sexual exploitation or harassment, attempts of forcible conversion, hurting religious sentiments, molestation, and mental harassment at the software giant's Nashik BPO unit.

Eight employees, including a woman HR manager, have been arrested so far.

TCS stated after the allegations surfaced that it has a zero-tolerance policy towards harassment and coercion in any form, and the accused employees were promptly suspended. But the company also said that a preliminary review of systems and records indicated that no complaints of sexual harassment or religious coercion had been received from the Nashik unit through its official POSH or ethics channels. PTI COR AVI KRK

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