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    India–Chile CEPA Negotiations Advance; Commerce Secretary Shri Rajesh Agrawal Meets Chilean Vice-Minister Paula Estévez Weinstein
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    Keralam MVD to introduce Aadhaar OTP verification for 60 more services from Sept 21
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August 31, 2026
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India-Chile CEPA negotiations seek a balanced framework to expand trade, investment, technology cooperation and resilient supply chains.
India-Chile CEPA negotiations are being advanced toward conclusion by the end of the year through a balanced and commercially meaningful framework. The proposed partnership is intended to strengthen bilateral economic ties, expand trade and investment, and create equitable opportunities for businesses and people in both countries. Cooperation is envisaged in technology, talent and resilient supply chains, alongside enhanced engagement in healthcare, pharmaceuticals, energy, minerals, agriculture, machinery and engineering.
August 30, 2026
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Sugar price controls face persistent retail and wholesale price firmness despite duty-free imports, stockholding restrictions, and export prohibition.
Sugar retail and wholesale prices remained elevated despite measures intended to curb price increases, including duty-free imports of raw sugar, tighter stockholding norms for bulk users and dealers, and a prohibition on sugar exports. Ex-mill rates declined following the permitted duty-free imports, although customary margins continued between ex-mill, wholesale, and retail prices. Projected sugar production is lower than earlier estimates, while annual domestic demand remains substantial.
August 30, 2026
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Aadhaar OTP verification expands online vehicle and licensing services, reducing physical visits and curbing intermediary exploitation.
Aadhaar-based OTP verification will be extended to additional vehicle- and driving-licence-related services through the Vahan and Sarathi portals. The digital arrangement is intended to reduce physical visits to transport offices, prevent intermediary exploitation arising from delayed processing, and enable applications to be processed on a first-come, first-served basis. Physical attendance will remain necessary for vehicle inspections, identification of legal heirs, personal hearings, and authentication where Aadhaar OTP verification fails.
August 30, 2026
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Related-party creditor voting in personal insolvency turned on whether the debtor held majority ownership or direct board control.
Dissenting lenders challenged the admission and voting rights of five creditors alleged to be family-linked associate or related entities, contending that their voting share enabled approval of a personal insolvency repayment plan. They alleged invalid post-moratorium guarantee invocations, undisclosed liabilities, inadequate claim scrutiny and incorrect voting-share computation. The third member rejected the voting-rights challenge, treating associate status as requiring the debtor's personal majority shareholding or direct board control, and accepted the repayment plan.
August 30, 2026
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Examination continuity and candidate fairness require re-examination where power failures prevent completion, alongside review of infrastructure accountability.
NEET-PG 2026 examination continuity was disrupted for candidates at two Jaipur centres because of internal power-supply failures attributable to the technological partner and examination-conducting agency. A re-examination has been scheduled for the affected candidates, with the venue and revised admit cards to be communicated separately. Action against the entities responsible for ensuring adequate examination infrastructure is under consideration.
August 30, 2026
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Women's monthly assistance eligibility restricts benefits to qualifying households and channels payments through deposits or restricted digital wallets.
Delhi Lakshmi Yojana provides monthly financial assistance to eligible women through recurring deposits and restricted Central Bank Digital Currency wallets. Recurring deposits are locked until July 31, 2029, subject to possible review of the maturity period after two years from launch. Eligibility requires a qualifying woman to be the eldest female family member, meet income, residence and voter-registration requirements, and satisfy household restrictions. Income-tax payers, GST filers, government employees, higher-electricity-consuming households and four-wheeler-owning households are excluded.
August 30, 2026
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Gasoline trade amid refinery disruptions relies on sanctioned fleets and dark ship-to-ship transfers, alongside continuing fuel export restrictions.
Russian refinery disruption has increased gasoline imports and made India a significant supplier of gasoline to Russia. Indian supplies were principally linked to the Vadinar refinery, and increased Indian purchases of Russian crude may mean exported gasoline was produced from Russian crude. Russia has retained a gasoline export ban while domestic production remains disrupted. India-origin cargoes imported during August were carried on sanctioned fleets and involved dark ship-to-ship transfers, including transfers conducted with automatic identification system signals switched off.
August 30, 2026
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Digital arrest fraud: judicial responses seek a distinct offence while preserving due process and proportionality in economic-crime enforcement.
Suo motu consideration of digital-arrest fraud reflects a proactive judicial response to video-call scams involving impersonation of police, judicial officials or bureaucrats. The Union and the States have been directed to assess the problem, with a call for a distinct offence carrying proportionate penalties. Economic-crime enforcement remains subject to safeguards requiring written grounds of arrest and preventing pre-trial detention from becoming punishment. Due process, proportionality and the presumption of innocence remain central constraints.
August 29, 2026
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Natural justice in licensing enforcement requires meaningful hearing and reasoned orders before cancellation or suspension of regulated operations.
Natural justice in regulatory licensing enforcement requires a meaningful hearing, proper legal analysis, and a reasoned decision before licence cancellation or suspension. Maharashtra FDA withdrew cancellation of drug-sale licences after criticism of the procedure adopted. Food-safety enforcement against restaurants was also reconsidered where the premises were substantially compliant, despite licences being issued to one entity and operations being conducted by another. A fresh notice, hearing on the contractual arrangement, and reasoned order were required before further licensing action.
August 29, 2026
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Food-safety licensing compliance supports reopening while contractual operation requires notice, hearing, and a reasoned regulatory decision.
Food-safety licence suspension of five eateries was reconsidered after a fresh inspection recorded 88 per cent compliance. The suspension had continued because a third-party operator ran the eateries while licences remained in the association's name, despite no identified legal prohibition. The Food and Drug Administration proposed a fresh notice, hearing, and reasoned order on the contractual arrangement, while current compliance permitted services to resume.
August 29, 2026
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Market access and regulatory cooperation advance agricultural, pharmaceutical, digital, and trade integration priorities across the bilateral economic partnership.
India-Argentina cooperation focused on expanding bilateral trade, reducing non-tariff barriers, facilitating investment, and strengthening market access. Sanitary and phytosanitary discussions progressed for Indian agricultural products, while pharmaceutical engagement covered regulatory upgrading and reduced entry barriers. Mining and lithium-sector engagement, digital services, space technology, telecommunications, artificial intelligence and digital infrastructure were identified as priority areas. The India-MERCOSUR Preferential Trade Agreement, Terms of Reference and digital certificates of origin were considered mechanisms for trade facilitation and economic integration. Business discussions addressed commercial partnerships across agriculture, minerals, energy, pharmaceuticals, healthcare, banking and telecommunications.
August 29, 2026
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Shared digital infrastructure for professional services aims to expand technology access, interoperability, capability development and secure adoption across firms.
MCA and IICA are developing a government-backed digital public good ecosystem for domestic professional services, particularly small and medium practices. The framework proposes curated technology access, learning and capability development, and knowledge and practice infrastructure. It is intended to improve access to technology and professional knowledge while complementing existing institutional and market-based systems. Consultations address interoperability, common standards, cybersecurity, affordable access, implementation, change management, openness, competition and technology adoption suited to differing levels of digital readiness.
August 29, 2026
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Methamphetamine trafficking enforcement targets concealed cross-border transport, with seizures, vehicle confiscation, arrests and stringent penalties under narcotics law.
Methamphetamine trafficking enforcement under the Narcotic Drugs and Psychotropic Substances Act, 1985 involved intelligence-led seizures of tablets in Assam and Mizoram, along with the vehicles allegedly used for transportation and arrests of two vehicle occupants. Field testing indicated the presence of amphetamine. The tablets were concealed in fabricated cavities within a truck and car, with preliminary investigation indicating alleged cross-border smuggling into Mizoram. Methamphetamine is a notified psychotropic substance, and illicit manufacture, possession, transportation and trafficking attract stringent penal consequences.
August 29, 2026
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IPO disclosure integrity triggers one-year market access bar for issuer and promoter-directors over fabricated quotation and misleading financial disclosures.
SEBI restrained Trafiksol ITS Technologies Ltd. and its promoter-directors from accessing or dealing in the securities market for one year and imposed monetary penalties over irregularities in its SME IPO. The action concerned overstated financial disclosures, inadequate disclosure of issue expenditure and a potential merchant-banker conflict, and proposed use of IPO proceeds based on a fabricated software-vendor quotation. The listing was deferred and IPO proceeds were placed in an interest-bearing escrow account. One promoter was directly involved in procuring the quotation, while the other failed to exercise due diligence.
August 29, 2026
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Securities market fraud involving fictitious transactions triggered market bans, disgorgement, fund restoration, and governance restrictions.
SEBI imposed securities-market restrictions, disgorgement directions and monetary penalties in relation to alleged accounting fraud involving fictitious sales, purchases, circular transactions and fraudulent ledger entries. The alleged inflation of financial results facilitated migration to the NSE main board and was followed by fraudulent preferential allotments, a bonus issue and a rights issue. Rights issue proceeds were found to have been diverted, requiring restoration with applicable interest. The company and its managing director received seven-year market prohibitions, with additional governance restrictions applying to the managing director.
August 28, 2026
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Insolvency debt settlements: political criticism alleges severe creditor haircuts favour influential corporate borrowers over ordinary debtors.
CPI(M) criticised approval of a repayment plan involving Zee Group founder Subhash Chandra, asserting that repayment of Rs 6.5 crore against creditor claims of Rs 22,006.57 crore undermines fairness in insolvency debt settlement. It alleged severe creditor haircuts and bias favouring influential corporate borrowers. The party linked the settlement to an alleged pattern of large borrowers resolving liabilities at steep discounts, shifting the burden to taxpayers and small depositors while smaller borrowers face coercive recovery measures.
August 28, 2026
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Corporate governance requires company secretaries to promote ethical practices, transparency, responsibility and institutional accountability across economic ecosystems.
Good corporate governance is central to development and depends on responsible governance, ethical practices, transparency, institutional accountability and professional excellence. Company Secretaries have an expanding role in strengthening governance practices through professional expertise. Professional institutions should promote governance standards, support institutional excellence, and evolve their practices in response to changing requirements. Their wider contribution lies in fostering a culture of ethical entrepreneurship, responsibility, transparency and sound governance.
August 28, 2026
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Proceeds-of-crime tracing prompts freezing of deposits linked to structured disposal of foreign property in a bank-loan fraud investigation.
Money-laundering investigation into alleged bank-loan fraud involving DHFL has resulted in the freezing of bank deposits held by Al Jalore Trading FZE under the Prevention of Money Laundering Act. A United Kingdom property was allegedly disposed of through a purported loan arrangement that created an encumbrance to settle an Indian liability. Sale proceeds were credited to Al Jalore Trading FZE's Indian bank account rather than to the registered owner, indicating alleged dissipation of proceeds of crime through a structured foreign-property transaction.
August 28, 2026
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Defence export authorisation reform streamlines consultations, expands unified licences, and facilitates eligible exporters' access to international markets.
Open General Export Licence arrangements permit eligible exporters to self-generate authorisations for multiple consignments of specified defence items without obtaining separate authorisation for each consignment. Three existing licence procedures are consolidated into a unified framework. Licence validity is extended to three years, and territorial coverage is expanded to all countries other than negative or sensitive nations and destinations subject to United Nations Security Council sanctions or arms embargoes. Eligible companies with long-term foreign original equipment manufacturer agreements may obtain licences aligned with the underlying contract, subject to prescribed conditions.
August 28, 2026
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IPO approval enables Jio Platforms to issue fresh equity shares, with proceeds earmarked for subsidiary debt repayment and corporate purposes.
SEBI's final observations enable Jio Platforms Ltd to proceed with an initial public offering comprising up to 27 crore newly issued equity shares. The transaction is structured as a fresh issue of shares. Offer proceeds are primarily allocated towards repayment or prepayment of outstanding borrowings of Reliance Jio Infocomm Ltd, Jio Platforms' material subsidiary, with the balance designated for general corporate purposes.

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SMMARUN and ByteVerity Announce Global Partnership to Operationalise Responsible AI Governance - Made in India, Built for the World

May 21, 2026

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Gurugram, Haryana, India – Business Wire India • RAIGDRG™© + Defensible AI Counter™ — a deterministic runtime substrate that turns AI Governance from policy promise into examiner-ready, signed, offline-verifiable evidence.

• Built for Governments and Regulators, Public and Private Enterprise, Education Institutions, and Consulting and IT Partners across India, the Gulf, the European Union and the United States.

SMMARUN Management Consortium Associates LLP (LLPIN: ACT-2625), headquartered in Gurugram, today announced a global strategic partnership with ByteVerity, a runtime AI compliance platform with 121 patents filed. Branded RAIGDRG™© + Defensible AI Counter™, the partnership unites SMMARUN’s Responsible AI Governance and Digital Risk Governance consulting and Masterclass franchise with ByteVerity’s deterministic spine — designed, engineered and proven in India, and built to serve every regulated buyer of AI, anywhere in the world.

The here and now fact is that AI is moving faster than the governance that holds it accountable. The Stanford HAI 2025 AI Index recorded 233 AI-related incidents in 2024 — a 56.4% increase year-on-year. The EU AI Act (Regulation 2024/1689, Article 99) carries fines of up to €35 million or 7% of global annual turnover, with high-risk obligations from 2 August 2026. India’s DPDP Rules 2025 (MeitY, Gazette G.S.R. 846(E), notified 13 November 2025) layer penalties of up to ₹250 crore. RBI FREE-AI (13 August 2025) and MeitY’s India AI Governance Guidelines (5 November 2025) extend the perimeter to every regulated Indian entity. Across SMMARUN’s enterprise sample, 88% of organisations have adopted AI; only 23% can defend that adoption to a regulator.

We are bridging the gap between AI Promise and Reality, ‘Policy to Practice’, by providing ‘Defensible AI’, A Deterministic Substrate Under a Three-Pillar Practice. SMMARUN’s three pillars — (1) AI Governance, Fairness & Risk Management; (2) Masterclass in AI Governance; (3) AI-Driven Platform & Solutions — now carry a deterministic spine. ByteVerity sits under Pillar 3 and gives Pillars 1 and 2 something measurable to deliver against. ByteVerity’s Five Planes — Kernel, Compositor, Governor, Sovereign, Vault — map directly onto the Puneet Mohan 5P Model FrameWorkx™ (Predict, Prepare, Propose, Plan, Prevent) within the 4A InDoctrine™©. The result is not another policy document; it is signed, append-only, offline-verifiable evidence that a regulator, an internal auditor or an examiner can replay.

Three Buy-Tomorrow Engagements. The partnership goes to market with three productised offers: 1. 90-Day AI-Governance Readiness with Deterministic Spine — a fixed-scope sprint that stands up an AI Governance Operating Model, board-approved policy, Policy Packs and the ByteVerity runtime kernel against DPDPA 2023, RBI FREE-AI, MeitY’s India AI Governance Guidelines, IRDAI and SEBI — with global cross-walks to NIST AI RMF, ISO/IEC 42001, EU AI Act, SR 11-7 and 21 CFR Part 11.

2. Sovereign Data & National-Boundary IP Unlock — a Sovereign-plane deployment that locks data residency, model lineage and IP attribution inside national boundaries — purpose-built for Governments, Public Sector Enterprises, regulated private operators and the wider Indian and international technology ecosystem that needs provable digital sovereignty as the precondition for trustworthy AI.

3. Examiner-Ready Evidence Compression for SR 11-7 / 21 CFR Part 11 — a Vault-and-Governor stack that compresses SR 11-7 model risk documentation, 21 CFR Part 11 audit trails, ICH E6(R3) GCP records and CDSCO/ICMR submissions into signed bundles that survive offline verification — designed for banks, insurers, life-sciences operators and any examiner-facing function in any jurisdiction.

Built for Six Buyer Constituencies. RAIGDRG™© + Defensible AI Counter™ is engineered for six buyer constituencies: Governments and Regulators (RBI, MeitY, SEBI, IRDAI, the EU AI Office, SAMA, CBUAE and counterparts); Public Sector Enterprise; Private Enterprise across BFSI, Healthcare, Insurance and Life Sciences; Education Institutions — including IIT and IIM faculties partnering on Masterclass cohorts and joint research; Consulting and IT Partners working alongside SMMARUN’s platform-partner network; and the global Indian-led delivery ecosystem, including Global Capability Centres. One substrate. Six buyers. One signed page of evidence.

Global. Made in India. The partnership crystallises a doctrine that has been quietly building: that the world’s most rigorous AI governance fabric can be designed, built and proven in India — and then exported as Best-In-Class engineering to global regulators, global enterprises and global auditors. Global. Made in India. Governable everywhere.

QUOTES 1. Arjun Malhotra | Chairman, SMMARUN Global Advisory Board | Co-founder, HCL Group “In 1976, the question was whether Indians could build computers. In 2026, the question is whether Indians can build the governance fabric that makes the world’s AI trustworthy. SMMARUN and ByteVerity, together, give that question an Indian answer — humble in tone, world-class in engineering, and Best-In-Class in defensibility. Global. Made in India.” 2. Ravi Balwada | Advisor & Board Member, ByteVerity “With 121 patents filed across the sidecar, signing kernel, contract layer and Policy Pack catalogue, ByteVerity was built to be the deterministic spine of Responsible AI. SMMARUN brings the consulting depth, the Masterclass pedagogy and the regulator-grade frameworks; we bring the substrate that makes all of it measurable. Together, we are not selling another platform — we are giving CIOs, CROs, Chief AI Officers, regulators and auditors a Defensible AI Counter™ they can put in front of any examiner, anywhere.” 3. Preeti Mohan | Co-founder & Chief Responsible AI Governance, SMMARUN “Responsible AI cannot live only in slide decks and steering committees. It has to live in the runtime, in the evidence and in the everyday decisions of the people who build and operate these systems. With ByteVerity under our third pillar, SMMARUN can finally deliver Responsible AI Governance, Fairness and Risk Compliance as a measurable outcome — not an aspiration. Our 90-Day Readiness sprint, our Masterclass and our Sovereign Data offer are all now anchored to signed, replayable proof.” 4. Mohit Mahajan | Founder & CEO, ByteVerity “Prompts alone have never stopped a model from misbehaving in production. ByteVerity’s model agnostic substrate — Kernel, Compositor, Governor, Sovereign, Vault — was engineered so that every consequential AI action across any model operate within the organisational and team guardrails and carries a signed, tamper-proof, offline-verifiable receipt. Bringing this together with SMMARUN’s RAIGDRG™© practice and the Puneet Mohan 5P Model FrameWorkx™ closes the loop the industry has tolerated for too long: the gap between what companies write in their prompts and policies and what their models actually do at 3:47 a.m. on a Tuesday." About SMMARUN SMMARUN Management Consortium Associates LLP (LLPIN: ACT-2625), headquartered in Gurugram, India, is an AI Governance consultancy positioned around Responsible AI: Governance, Fairness & Risk Compliance, with the brand promise “Transforming Business. Bridging the gap between AI Promise & AI Reality.” SMMARUN delivers across three pillars — AI Governance, Fairness & Risk Management; Masterclass in AI Governance; and AI-Driven Platform & Solutions — anchored in the proprietary 4A InDoctrine™© and the Puneet Mohan 5P Model FrameWorkx™ (Predict, Prepare, Propose, Plan, Prevent). SMMARUN is led by Puneet Mohan, Founder – CEO & MD, Preeti Mohan, Co-founder & Chief Responsible AI Governance, with Arjun Malhotra serving as Chairman, SMMARUN Global Advisory Board.

SMMARUN Headquarters: Gurugram, Haryana, India • LLPIN: ACT-2625 About ByteVerity ByteVerity is a runtime AI compliance platform purpose-built as the deterministic substrate — the “Defensible AI Counter™” — for Responsible AI. Its architecture combines a sidecar, signing kernel, contract layer, Policy Pack catalogue and offline verification engine across five planes: Kernel, Compositor, Governor, Sovereign and Vault, with 121 patents filed. ByteVerity is founded and led by Mohit Mahajan as Founder & CEO, with Ravi Balwada serving as Advisor & Board Member, and is headquartered in Noida, India.

(Disclaimer: The above press release comes to you under an arrangement with Business Wire India and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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