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    ED moves special court in Mumbai for custody of rape accused 'godman' in money laundering case
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    Trump says he'll place 25% tariff on autos from EU, accusing bloc of not complying with trade deal
    Andhra nets Rs 5,542.7 cr tax revenue in April, 'highest-ever' monthly collections
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May 1, 2026
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Money laundering through benami accounts alleged as ED seeks production warrant in extortion and fraud probe.
Enforcement Directorate sought a production warrant before a special PMLA court for a self-styled godman-cum-astrologer already in custody in separate rape and cheating cases, to proceed in a money-laundering investigation. The agency alleged an extortion racket, laundering through benami bank accounts, and acquisition of properties from proceeds of alleged victim exploitation and financial fraud, and said custody was needed to trace the money trail and identify beneficiaries.
May 1, 2026
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Money laundering risk assessment now targets digital and cross-border frauds, cyber scams, and emerging PMLA threats.
Risk assessment vetting within the Enforcement Directorate has been used to screen and record PMLA matters involving emerging money-laundering threats. The committee, chaired by a Special Director-rank officer, identifies new risk categories such as cyber and crypto-related fraud, digital arrest, fake loan scams, foreign interference, lobbying against national interest, immigration scams, intellectual property fraud, human trafficking and drug trafficking. The reported trend has shifted from cash-based corruption allegations to complex digital and globally connected financial crimes.
May 1, 2026
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EU auto tariffs and trade deal compliance take center stage as proposed tariff hikes unsettle bilateral trade terms.
The United States President announced an intention to raise tariffs on cars and trucks imported from the European Union to 25%, asserting that the EU was not complying with the parties' trade deal. The trade arrangement previously fixed a 15% tariff on most goods and was identified as the Turnberry Agreement, which both sides had earlier said they would preserve. The report notes that the status of the 2025 deal had already been unsettled after a Supreme Court ruling said the President lacked authority to declare an economic emergency and impose tariffs on EU goods.
May 1, 2026
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GST collections rise on compliance drives, AI-based scrutiny and expanded tax administration across Andhra Pradesh
Andhra Pradesh reported its highest-ever monthly tax collections since the introduction of GST, with April 2026 revenue showing year-on-year growth despite the impact of GST rate rationalisation. The collections rose across GST, IGST settlement, petroleum VAT and professional tax, supported by administrative efficiency, compliance improvement and growth in sectors such as real estate and construction. Revenue gains were reinforced by AI-driven data analytics, automated scrutiny, anti-evasion drives, UPI-based transaction analytics and database integration.
May 1, 2026
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Goods and Services Tax collection surge in Punjab driven by enforcement, compliance gains and technology-based anti-evasion measures.
Punjab reported its highest-ever monthly Goods and Services Tax collection for April, with gross and net GST receipts at record levels and strong year-on-year growth. The increase was attributed to improved core tax administration and compliance, and adjusted growth remained positive even after neutralising an abnormal IGST adjustment from the comparable period. Intensified enforcement, data analytics, intelligence-based inspections and anti-evasion drives were cited as key contributors, alongside technology-driven enforcement and taxpayer facilitation.
May 1, 2026
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Money laundering enforcement shifts toward cyber fraud and terror financing as asset attachments, prosecutions and safeguards expand.
Financial crimes have shifted from bank frauds, corporate scams and real estate cheating toward cryptocurrency fraud, cyber-enabled offences, terror financing and narcotics trafficking, with money laundering investigations described as highly complex because they involve multiple jurisdictions, cross-border transactions, layered financial structures and evolving technologies. The agency reported increased prosecution complaints, a high conviction rate, substantial asset attachments and use of restoration provisions to return properties to victims, while also strengthening supervisory controls, summons verification and accountability mechanisms.
May 1, 2026
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GST collections hit record high as import-led revenues outpace domestic growth under the restructured tax regime.
Gross GST collections rose to a record high in April, driven by stronger import-linked revenues and moderate growth in domestic transactions. Net GST collections also increased after refunds were adjusted, indicating continued revenue expansion under the restructured GST regime. The article notes that post-GST 2.0 rate rationalisation, slab simplification, and technology-led administration have coincided with steady monthly growth, while import-led receipts have continued to outpace domestic collections.
May 1, 2026
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GST revenue collections for April 2026 show gross, refund and net figures alongside state-wise settlement and domestic collection tables.
Gross GST revenue for April 2026 is broken into domestic collections and import IGST collections, with separate reporting of refunds and net revenue under CGST, SGST and IGST. The figures are provisional and may vary slightly on finalisation. The document also presents State-wise SGST and the SGST portion of IGST settlement amounts, along with State-wise domestic collections by Central and State formations, GSTIN counts and growth figures.
May 1, 2026
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Bilateral trade and economic cooperation expand as India and Tanzania deepen sectoral collaboration across trade, energy, health, and infrastructure.
Bilateral trade and economic cooperation between India and Tanzania were reviewed through the 5th Session of the Joint Trade Committee, with both sides reaffirming a commitment to strengthen trade, investment, and institutional dialogue. A range of cooperation areas was identified, including local currency trade settlement, long-term business visas, pharmaceuticals, health, education, shipbuilding, mining, digital public infrastructure, e-commerce, agriculture, fisheries, healthcare, transport, renewable energy, and market access issues such as tariffs, phytosanitary measures, and regulatory procedures.
May 1, 2026
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Anti-money laundering enforcement strengthened to curb financial crimes, protect common money, and ensure bias-free investigation.
The Enforcement Directorate's expanded powers under the anti-money laundering framework are presented as a response to money laundering, hawala, benami assets, corporate fraud and terror funding, and not as a tool to target any person. The account stresses zero tolerance for corruption, equal application of law, bias-free investigation, timely filing of chargesheets, and asset attachment and restoration to legitimate owners such as banks, investors and home buyers.
May 1, 2026
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Capital expenditure priority continues despite fiscal stress, as fuel duty changes and export controls aim to balance prices and supply.
Government expenditure policy remains focused on preserving the budgeted capital expenditure push despite fiscal stress arising from global uncertainty and higher crude oil prices. The planned capital outlay is to be maintained to support growth momentum, with priority sectors identified as highways, railways, shipping, ports and urban development. Recent excise duty cuts on petrol and diesel, along with export duties on diesel and aviation turbine fuel, reflect a balancing of price containment, domestic availability and revenue considerations.
May 1, 2026
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RoDTEP schedule alignment updates customs tariff mapping to reduce classification ambiguity and streamline export benefit processing.
The Department of Commerce has revised the RoDTEP schedules to align Appendix 4R and Appendix 4RE with the amended Customs tariff structure under the First Schedule to the Customs Tariff Act, 1975, as updated by the Finance Act, 2026. The revision realigns RoDTEP tariff lines with the updated customs nomenclature, covering additions, deletions and description changes, and is intended to support implementation of RoDTEP benefits in the Customs Automated System, reduce classification ambiguity and maintain consistency between customs tariff entries and RoDTEP schedules.
May 1, 2026
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Startup ecosystem collaboration boosts innovation, global linkages, and support services for recognised startups.
A Memorandum of Understanding between the Department for Promotion of Industry and Internal Trade and Chamber India is directed toward strengthening the startup ecosystem through innovation-led growth, deeper engagement among startups, corporates, investors, and global stakeholders, and expanded international and cross-border collaboration. DPIIT-recognised startups are to receive concessional Chamber membership with a rebate, together with access to export facilitation, IPR advisory, business matchmaking, and participation in global delegations.
May 1, 2026
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Export duty on petroleum products revised as fortnightly levy review keeps petrol nil and raises diesel and ATF export charges.
Revised Special Additional Excise Duty and Road and Infrastructure Cess rates have been notified for exports of petroleum products for the fortnight beginning 1 May 2026. Diesel exports attract duty of Rs. 23 per litre as SAED only, aviation turbine fuel exports attract Rs. 33 per litre as SAED only, and petrol exports continue to attract nil duty. The export levies are reviewed fortnightly on the basis of average international prices, while domestic excise duty rates on petrol and diesel remain unchanged.
May 1, 2026
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Unified Payments Interface scales India's digital payments ecosystem with massive adoption, interoperability, and financial inclusion.
Unified Payments Interface (UPI) has expanded over a decade into India's backbone digital payments infrastructure under NPCI and RBI oversight, with broad bank onboarding and wide merchant and person-to-person adoption. The system is described as a major driver of financial inclusion and high-frequency retail payments, supported by interoperability across banks and payment participants. UPI's scale is reflected in sharp growth in transaction volume and value, including daily and monthly record levels in 2025 and FY 2025-26, along with a large share of India's digital payments and nearly half of global real-time payment volume.
May 1, 2026
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GST collections rise to a record high as April revenue shows a strong monthly increase in tax receipts.
Gross GST collections rose by 8.7 per cent in April to a record high, according to government data, reflecting a strong increase in tax revenues during the month. The reported collection level was the highest recorded for the period covered by the update, and the note presents the rise as part of the latest monthly GST revenue position.
May 1, 2026
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GST collections reach record high as domestic receipts, import-linked inflows, and net mop-up all rise in April.
Gross Goods and Services Tax collections rose to a record high in April, with overall receipts increasing year on year. Domestic transaction revenues registered a moderate increase, while collections from imports rose sharply. Refunds also increased during the month, but net GST mop-up remained higher after adjustment for refunds.
May 1, 2026
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Crypto currency frauds and terror financing emerge as new enforcement focus areas for the agency.
The Enforcement Directorate identified crypto currency frauds, terror financing, cyber-enabled crimes and narcotics trafficking as its new focus areas, while noting a decline in bank and real estate frauds after implementation of the Insolvency and Bankruptcy Code and the Real Estate (Regulation and Development) Act. It also reported filing 812 chargesheets and 155 supplementary chargesheets during 2025-26, a 94 per cent conviction rate, pending money laundering trials, and restitution of assets to victims of financial fraud under the Prevention of Money Laundering Act, the Fugitive Economic Offenders Act and the civil provisions of the Foreign Exchange Management Act.
May 1, 2026
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Trade barriers and tariff reduction shape the provisional EU-Mercosur deal, alongside safeguard clauses and legal challenge.
The EU-Mercosur trade agreement has taken provisional effect, beginning a gradual reduction of trade barriers and tariffs and opening wider market access for exporters and businesses on both sides. The deal is subject to a legal challenge before the EU judiciary and may be halted if the court rules against it. It preserves economic safeguard clauses for sensitive sectors such as poultry, beef, sugar and fruit while facing opposition over competition, environmental standards and market disruption.
May 1, 2026
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Windfall gains tax on fuel exports reduced as diesel and aviation turbine fuel duties are revised downward.
Windfall gains tax on exports of diesel and aviation turbine fuel was reduced, with the special additional excise duty on diesel exports cut to Rs 23 per litre and on aviation turbine fuel to Rs 33 per litre. The road and infrastructure cess on diesel exports was made nil for the next fortnight, and the duty on petrol exports remained nil. No change was made in the existing excise duty rates applicable to petrol and diesel for domestic consumption.

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Indian Railways Embraces AI-Driven Workforce Verification System' 1.2 Million Employees

May 5, 2026

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India's largest employer begins deployment of offline facial verification and tamper-proof blockchain records across its 1.2 million-strong workforce, building on technology that cut ghost employee fraud by 90% in prior government deployments 5th May 2026 - Indian Railways has commenced the implementation of DRISHTI, an AI and blockchain-powered Smart Workforce Management System that uses facial recognition and tamper-proof digital records to verify worker attendance and prevent fraud, being rolled out across the railway network, beginning with operations in Prayagraj. The system, developed by ChainCode Consulting LLP in collaboration with Billions Network, the universal human and AI verification platform, and Aptos Foundation, can verify entire teams from a single group photograph, works without internet connectivity, and creates permanent, tamper-proof records of every attendance event. It is designed for both field and office personnel across Indian Railways' operations. Indian Railways is one of the world's largest employers, with more than 1.2 million personnel operating across 7,300 stations and 18 zones. The rollout begins in Prayagraj, with completion of the initial regional deployment expected within three months and expansion across the wider network to follow. Where previous government deployments of the same technology, eliminated ghost employee fraud by up to 90%, reduced payroll costs by 30-40%, and halved payment delays, the Indian Railways implementation brings those proven standards to a new, high-profile use case with the potential to set a global precedent for workforce governance at scale. Managing attendance verification across a workforce this large and geographically spread has historically been vulnerable to ghost employee fraud and administrative inefficiencies, challenges that DRISHTI is designed to address directly. The system works offline, a critical requirement for railway operations in remote and rural areas where internet connectivity is unreliable. It can identify multiple workers simultaneously from a single photograph and locks every record on the Aptos blockchain, making it impossible to alter after the fact. The platform also handles supervisor approvals, real-time reporting dashboards, task allocation, and leave management. "AI-driven smart solutions with blockchain security are key to good governance. By combining facial recognition with blockchain's permanent, traceable records, we eliminate major security risks and give organizations greater control over workforce data integrity," said Alok Gupta, Founder and CEO, ChainCode Consulting LLP. ChainCode Consulting has previously pioneered blockchain-based attendance and identity platforms for different India's Government Bodies and contributed digital verification infrastructure for MahaKumbh 2025, one of the world's largest gatherings. "Every worker in a system this vast deserves to be accurately identified and fairly compensated without that requiring handing over sensitive personal data. That's the problem we're solving: identity verification that works for people. What India is building here shows how the world's largest institutions can operate with both accountability and dignity," said Evin McMullen, CEO and Co-Founder of Billions Network. Billions provides the decentralized identity and reusable identity infrastructure underpinning DRISHTI, building on the company's proven track record in high-stakes verification, including joint proofs-of-concept with Deutsche Bank and HSBC for advanced KYC solutions. Ashwin Pampati, SVP and Head of Ecosystem at Aptos Foundation, added: “Reliable, high-performance blockchain infrastructure is essential for nation-scale public-sector systems like DRISHTI, where data integrity, security and auditability are non-negotiable. Aptos provides a strong blockchain foundation that supports exactly these requirements.” About Billions Billions.Network (formerly Polygon ID) is the leading human and AI verification platform, built on mobile-first verification to scale the internet of value globally. Created by the stewards of the world's leading zero-knowledge verification framework, Circom, Billions secures the work of major organizations and blockchain ecosystems serving over 150 million users globally. The platform provides privacy-preserving digital identity solutions that work across both Web2 and Web3 applications. For more information, visit https://billions.network. About ChainCode Consulting LLP ChainCode Consulting is a blockchain and AI technology firm specializing in enterprise-grade decentralized solutions for government and private sector clients. Founded in 2019, the company delivers secure, scalable identity verification, supply chain traceability, and blockchain infrastructure across industries including healthcare, financial services, and public administration. ChainCode has been recognized among Bangalore's Top 50 FinTech Companies and received the Blockchain Leader of the Year award at SmartTech Asia Innovation Awards 2025. For more information, visit https://www.chaincodeconsulting.com/. About Indian Railways Indian Railways is a statutory body under the Ministry of Railways, Government of India, and operates the country's national railway system. With more than 1.2 million employees, it is the world's ninth-largest employer and India's second-largest employer. For more information, visit https://indianrailways.gov.in. About Aptos Aptos is a Layer-1 blockchain designed for scalability, security, and sub-second transaction finality. Founded in 2021 by Avery Ching and Mo Shaikh, former leaders of Meta's Diem blockchain initiative, Aptos is built on the Move programming language, developed for secure smart contract execution. The network has processed over 4.4 billion transactions and has established strategic partnerships with BlackRock, Google, Mastercard, and Franklin Templeton. For more information, visit https://aptosnetwork.com/ (Disclaimer: The above press release comes to you under an arrangement with NRDPL and PTI takes no editorial responsibility for the same.). PTI PWR

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