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    May 10, 2026
    AAP holds protests against BJP over ED action against Punjab minister Sanjeev Arora
    May 10, 2026
    Rs 1,600-1,700 cr a day, Rs 1 lakh cr in 10 weeks: Cost of insulating India from global energy shock
    May 10, 2026
    Punjab minister Sanjeev Arora sent to 7-day ED custody
    May 9, 2026
    After ED raid, Hampton Sky Realty says company cooperating with statutory authorities
    May 9, 2026
    EU-India partnership 'limitless, ambitious': Ambassador Delphin
    May 9, 2026
    ED action against Sanjeev Arora politically motivated, attack on Punjabi pride: AAP
    May 9, 2026
    ED claims Rs 284 crore laundering in Sravanthi Group probe; three arrested
    May 9, 2026
    BJP, AAP two sides of same coin; both use arm-twisting tactics to intimidate opponents: Cong
    May 9, 2026
    ED arrests Punjab minister Sanjeev Arora in fresh PMLA case: AAP hits out at Centre
    May 9, 2026
    EU-India partnership 'limitless', PM Modi's 'not an era of war' message resonates with European values: Envoy
    May 9, 2026
    India–Canada Joint Statement on the Conclusion of the Second Round of Comprehensive Economic Partnership Agreement (CEPA) Negotiations.
    May 9, 2026
    Commerce Secretary Shri Rajesh Agarwal Visits Switzerland to Advance India–EFTA TEPA Implementation and Boost Trade & Investment Cooperation.
    May 9, 2026
    Three Jan Suraksha Schemes - Pradhan Mantri Suraksha Bima Yojana (PMSBY), Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Atal Pension Yojana (AP...
    May 8, 2026
    Ex-Maharashtra CM writes to RBI about 'critical currency shortage' amid 'high demand for cash'
    May 8, 2026
    Rupee rebounds to close with 71 paise gain at 93.51 against US dollar
    May 8, 2026
    Delhi court rejects anticipatory bail plea of govt official accused of corruption
    May 8, 2026
    Nashik TCS case accused Nida Khan arrested after absconding for weeks
    May 8, 2026
    Forex kitty drops by USD 7.79 bln to USD 690.693 bln
    May 8, 2026
    Rs 30,000 cr loss a month: Oil companies bleed as fuel prices on hold amid global energy spike
    May 8, 2026
    Once a Maoist bastion, Bastar sees big shift as 31 new bank branches open in over 2 years
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May 10, 2026
AAP holds protests against BJP over ED action against Punjab minister Sanjeev Arora
Show AI Summary
Political targeting allegations drive AAP protests across Punjab over ED action against Sanjeev Arora.
AAP held protests across Punjab against the BJP-led Centre over Enforcement Directorate action against Punjab Industries Minister Sanjeev Arora, alleging misuse of central investigative agencies and political targeting of Opposition leaders. The ED had arrested Arora after raids in connection with an alleged money laundering case linked to an alleged GST fraud involving entities associated with him, and the arrest was made under the Prevention of Money Laundering Act.
May 10, 2026
Rs 1,600-1,700 cr a day, Rs 1 lakh cr in 10 weeks: Cost of insulating India from global energy shock
Show AI Summary
Fuel pricing pressure forces oil marketing companies to absorb under-recoveries, straining working capital and energy security investments.
State-owned oil marketing companies have been absorbing rising crude and LPG input costs to keep petrol, diesel and cooking gas supplies uninterrupted at prices below cost during the global energy shock. The resulting under-recoveries are putting pressure on balance sheets, working capital and future investment capacity, while government excise duty cuts have partly softened the burden on consumers. The report links sustained stress to energy security, infrastructure expansion and energy transition priorities.
May 10, 2026
Punjab minister Sanjeev Arora sent to 7-day ED custody
Show AI Summary
GST fraud and money laundering probe led to ED custody in alleged fake invoice and Input Tax Credit case.
Enforcement Directorate action under the PMLA was taken in relation to alleged GST fraud and money laundering involving fake purchases of mobile phones, use of non-existing firms, and allegedly false claims of Input Tax Credit. The agency alleged that the transactions were linked to subsequent exports used to round-trip illegitimate funds from Dubai to India. A Gurugram special PMLA court remanded Punjab Industries Minister Sanjeev Arora to seven days' ED custody after his arrest from Chandigarh.
May 9, 2026
After ED raid, Hampton Sky Realty says company cooperating with statutory authorities
Show AI Summary
GST input tax credit and alleged round-tripping dispute concerns mobile phone exports, supplier-side fraud claims, and regulatory cooperation.
Hampton Sky Realty Limited stated that it was cooperating with statutory authorities and would place relevant records before the appropriate fora. The company denied any round-tripping or bogus export arrangement, said its mobile phone exports were verified at multiple statutory stages, and asserted that no funds were retained offshore or routed back. It also said the GST issue concerned a small number of domestic suppliers, payments were made through banking channels, returns were filed regularly, and the disputed GST amount had already been deposited and was under appeal.
May 9, 2026
EU-India partnership 'limitless, ambitious': Ambassador Delphin
Show AI Summary
EU-India partnership deepens through trade, security, mobility and strategic cooperation with a new five-year agenda.
The European Union and India have described their partnership as increasingly ambitious, progressive and strategically significant, with both sides portraying the relationship as having moved to a new qualitative level. Major takeaways highlighted include a joint strategic agenda for the next five years, completion of negotiations for a free trade agreement, a security and defence partnership pact, and a comprehensive mobility framework. The dialogue is also linked to broader economic engagement, global stability, support for Ukraine, and the view that the EU is fundamentally a peace project.
May 9, 2026
ED action against Sanjeev Arora politically motivated, attack on Punjabi pride: AAP
Show AI Summary
Prevention of Money Laundering Act action draws political vendetta allegations over raid and arrest of Punjab minister
Enforcement Directorate action under the Prevention of Money Laundering Act was reported against Punjab industries minister Sanjeev Arora in connection with an alleged GST fraud-related money laundering case involving linked entities. Officials said he was arrested after raids at his residence, while Aam Aadmi Party leaders alleged the action was politically motivated, reflected misuse of central investigative agencies, and amounted to intimidation and harassment rather than genuine investigation.
May 9, 2026
ED claims Rs 284 crore laundering in Sravanthi Group probe; three arrested
Show AI Summary
Money laundering probe alleges diversion of loan repayments through shell entities and fake RTGS instructions in Sravanthi Group case.
Money laundering allegations arose from an ED probe into the Sravanthi Group and entities controlled by D V Rao, including DJW Electric Power Projects Private Ltd and Sravanthi Energy Private Limited. The investigation alleged misuse of RTGS repayment instructions, diversion of loan repayments to shell entities, and routing of funds through fake lender details. The ED stated that the probe had identified proceeds of crime of about Rs 284 crore across the connected transactions, with a separate component of alleged loan fraud of about Rs 58 crore.
May 9, 2026
BJP, AAP two sides of same coin; both use arm-twisting tactics to intimidate opponents: Cong
Show AI Summary
Money laundering probe under PMLA draws political accusations of agency misuse after arrest and multi-location searches.
The Enforcement Directorate arrested a Punjab industries minister in a money laundering case under the Prevention of Money Laundering Act after raids at multiple locations. The investigation was linked to alleged fraudulent GST transactions and entities associated with the accused, while officials said he was non-cooperative during questioning. Congress leaders alleged that central and state agencies were being used to intimidate political opponents.
May 9, 2026
ED arrests Punjab minister Sanjeev Arora in fresh PMLA case: AAP hits out at Centre
Show AI Summary
Money laundering probe over alleged fake GST invoices and round-tripping leads to arrest of Punjab minister.
The Enforcement Directorate arrested Punjab industries minister Sanjeev Arora in a fresh Prevention of Money Laundering Act case linked to alleged GST fraud-related laundering. The probe concerns fake GST purchases, false input tax credit claims through non-existing firms, and alleged round-tripping of illegitimate funds through exports, following earlier FEMA searches, asset attachment, and related investigations involving entities linked to him.
May 9, 2026
EU-India partnership 'limitless', PM Modi's 'not an era of war' message resonates with European values: Envoy
Show AI Summary
EU-India partnership deepens through free trade, security and mobility ties, with peace and stability central to cooperation.
The European Union and India have deepened their partnership through a joint strategic agenda, a concluded free trade agreement, a security and defence pact, and a mobility framework. The relationship is presented as strategically significant, with both sides described as trusted partners promoting global stability, prosperity and cooperation. The free trade agreement is expected to strengthen two-way trade, while the broader partnership is linked to peace, stability and support for Ukraine.
May 9, 2026
India–Canada Joint Statement on the Conclusion of the Second Round of Comprehensive Economic Partnership Agreement (CEPA) Negotiations.
Show AI Summary
Comprehensive Economic Partnership Agreement negotiations advance as India and Canada conclude the second round of talks.
India and Canada concluded the second round of negotiations on the proposed Comprehensive Economic Partnership Agreement under the agreed Terms of Reference, with discussions aimed at a balanced, ambitious, and mutually beneficial framework to strengthen bilateral trade and economic ties. The talks covered trade in goods, trade in services, intellectual property, rules of origin, sanitary and phytosanitary measures, and technical barriers to trade, with further negotiations and intersessional engagements to continue.
May 9, 2026
Commerce Secretary Shri Rajesh Agarwal Visits Switzerland to Advance India–EFTA TEPA Implementation and Boost Trade & Investment Cooperation.
Show AI Summary
Trade and investment cooperation under TEPA gains momentum as India and Switzerland deepen regulatory engagement and business linkages.
India-EFTA TEPA implementation was advanced through discussions in Switzerland on trade, investment and business utilisation, with emphasis on resolving implementation issues early, reducing non-tariff barriers and strengthening regulatory cooperation. TEPA was presented as India's first trade agreement with the EFTA economies and its first operational trade arrangement with a European economic bloc, offering market access on 92.2% of tariff lines covering 99.6% of India's exports while safeguarding sensitive sectors. The engagement also targeted investment and technology partnerships in key industrial sectors.
May 9, 2026
Three Jan Suraksha Schemes - Pradhan Mantri Suraksha Bima Yojana (PMSBY), Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Atal Pension Yojana (APY) complete 11 years of providing social security cover.
Show AI Summary
Affordable social security protection through Jan Suraksha schemes expands low-cost insurance and pension coverage for eligible account holders.
Affordable social security protection is extended through the Jan Suraksha framework comprising Pradhan Mantri Jeevan Jyoti Bima Yojana, Pradhan Mantri Suraksha Bima Yojana and Atal Pension Yojana, each designed to provide low-cost insurance or pension support through banks, post offices and participating institutions. PMJJBY provides life insurance cover for death due to any cause, PMSBY provides accidental death and disability cover, and APY provides guaranteed minimum monthly pension support for eligible bank account holders under the National Pension System architecture.
May 8, 2026
Ex-Maharashtra CM writes to RBI about 'critical currency shortage' amid 'high demand for cash'
Show AI Summary
Critical currency shortage strains rural cash access as banks limit withdrawals and face shortage of higher denomination notes.
Critical currency shortage in Nanded and parts of Marathwada prompted a letter to the RBI over limited cash availability during the wedding season and pre-sowing period. Banks reportedly imposed restrictions on high-value withdrawals, advised digital transactions, and dispensed smaller denomination notes because RBI cash supply was only a fraction of local demand, with Rs 500 notes in short supply.
May 8, 2026
Rupee rebounds to close with 71 paise gain at 93.51 against US dollar
Show AI Summary
Rupee volatility strengthens as West Asia tensions, crude price movement, and foreign outflows weigh on currency sentiment.
The rupee recovered sharply against the US dollar and closed higher amid heightened geopolitical tension in West Asia, with market sentiment affected by renewed concern over energy supplies, movements in Brent crude, global risk aversion, and weakness in domestic equities. Forex traders also noted foreign institutional investor outflows and expected near-term volatility in the USD-INR range, while the dollar index eased, Brent crude traded near the USD 100 level, and India's foreign exchange reserves declined in the latest reporting week.
May 8, 2026
Delhi court rejects anticipatory bail plea of govt official accused of corruption
Show AI Summary
Anticipatory bail in alleged GST refund fraud denied after suspicious fund transfers and need for custodial interrogation.
Anticipatory bail in an alleged GST refund fraud case was declined to a government clerk accused of facilitating illegal GST refunds through a conspiracy involving private entities and public officials. The court treated the offence as serious, noted suspicious fund transfers linked to the applicant's family accounts, and rejected the explanation of a friendly loan in the absence of a loan agreement. Custodial interrogation was considered necessary to trace the funds, examine bank records, recover digital material, and uncover the wider conspiracy.
May 8, 2026
Nashik TCS case accused Nida Khan arrested after absconding for weeks
Show AI Summary
Workplace harassment and conversion allegations trigger POSH compliance push, with mandatory complaints committees and She-Box registration.
Allegations of religious conversion, sexual harassment, molestation and mental harassment at a private workplace led to police investigation, multiple FIRs and arrest of an absconding employee. The prosecution said the inquiry covered messaging platforms, online content and alleged conversion-linked conduct, while separate directions were issued for strict implementation of the POSH framework, including Internal Complaints Committees and She-Box registration for establishments employing 10 or more persons.
May 8, 2026
Forex kitty drops by USD 7.79 bln to USD 690.693 bln
Show AI Summary
Foreign exchange reserves decline as foreign currency assets and gold holdings fall while SDRs edge higher.
India's foreign exchange reserves declined in the week ended 1 May 2026, with the overall kitty falling to USD 690.693 billion. The fall was driven mainly by a reduction in foreign currency assets and a sharper decline in gold reserves, while Special Drawing Rights and the reserve position with the IMF recorded marginal increases.
May 8, 2026
Rs 30,000 cr loss a month: Oil companies bleed as fuel prices on hold amid global energy spike
Show AI Summary
Fuel price stability drives heavy under-recoveries for oil companies as government shields consumers from global energy shock.
State oil marketing companies are absorbing heavy under-recoveries to keep petrol, diesel and LPG prices unchanged amid a global energy shock. The article notes that India's imported energy dependence, shipping disruption, higher freight and insurance costs, and emergency sourcing expenses have strained balance sheets, even as fuel and LPG supplies remain uninterrupted. Government excise duty cuts and absorption of part of the fuel cost burden have moderated losses and helped preserve consumer price stability.
May 8, 2026
Once a Maoist bastion, Bastar sees big shift as 31 new bank branches open in over 2 years
Show AI Summary
Financial inclusion expands in Bastar as new bank branches improve access to banking, welfare transfers and digital payments.
Banking infrastructure in Bastar has expanded into remote tribal and previously inaccessible areas, with new branches reaching villages and block-level locations across the division. The expanded banking network has advanced financial inclusion by making bank accounts, digital payments, crop loans, insurance, pensions and self-employment schemes easier to access. Direct Benefit Transfer payments are now reaching beneficiaries directly into bank accounts, reducing middlemen and improving transparency, while easier access to banking and credit has supported women self-help groups, farmers, traders and youth.

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DUTIES AND RESPONSIBILITIES OF TAX DEDUCTOR UNDER GST ACT, 2017

May 20, 2026

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