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    AAP holds protests against BJP over ED action against Punjab minister Sanjeev Arora
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May 10, 2026
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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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CBSE says 3.8 million-packet DoS attack on website thwarted

June 4, 2026

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New Delhi, Jun 3 (PTI) The CBSE on Wednesday said it successfully thwarted a 3.8 million-packet denial-of-service (DoS) attack on its website, while over 56,000 applications for verification and re-evaluation were received till 9:30 pm.

“This afternoon a 3.8 Million packet Denial of service attack on the website was successfully thwarted,” the board said in an update posted on X.

The portal has accepted more than 56,000 applications for verification and re-evaluation as of 9:30 pm, it said.

“Our technical teams are proactively monitoring performance and introducing refinements to deliver a smoother, faster and more seamless experience for students," it said.

Payment gateways of State Bank of India (SBI), Canara Bank, Bank of Baroda and Indian Bank are available on the verification and re-evaluation portal, the CBSE said, adding that students are not required to have an account with these banks to complete the payment process.

In a post on X, the SBI said that its payment gateway with the CBSE has till now processed more than 40,000 payments successfully.

"Indian Bank is pleased to inform that the bank has successfully implemented a payment gateway solution for students of CBSE for making payments securely through UPI, internet banking, debit cards and credit cards of all banks. Over 5,000 customers having bank accounts with different banks have utilised our payment gateway to remit the fee so far,” the Indian Bank said.

In a post, Canara Bank said, “It is a pleasure for Canara Bank that our payment gateway services have been extended to CBSE for the benefit of students, enabling payments in a secured manner through UPI, credit & debit cards and internet banking supporting customers of all banks. Over 4,000 customers spanning different banks have utilised our payment gateway to deposit the fee so far.” Bank of Baroda said it has enabled a secure and seamless payment gateway facility for CBSE students.

"Students can conveniently make payments through UPI, debit cards, credit cards and internet banking. The facility is available to customers across banks. More than 7,500 transactions have been successfully processed through the bank’s payment gateway so far,” Bank of Baroda said.

"Students need not have an account with these banks to complete payment but can use any of these payment gateways to make payments," the CBSE said.

“Please rely on official CBSE communications for correct information,” the board added.

The portal was launched after a delay, with the CBSE having earlier said that applications for verification and re-evaluation of answer books were expected to begin by May 29.

The development comes following concerns raised by some students and parents over the on-screen marking (OSM) system used by the CBSE for its Class 12 board exams.

The board has faced criticism from students and parents over technical glitches, payment failures and access-related issues during the verification and re-evaluation process.

The CBSE on Tuesday opened the online portal for verification of issues observed in scanned copies of answer books and re-evaluation of answers for students dissatisfied with their Class 12 board exam evaluation.

According to the board, the facility is available only to those students who have obtained scanned copies of their evaluated answer books.

“The portal for applying for verification of issues observed in the supplied scanned copy of answer books and re-evaluation of answers was made live on June 2. Students can avail the facility if they are not satisfied with the evaluation,” the CBSE said.

The portal will remain open from till June 6 (midnight), and no offline applications or requests submitted after the deadline will be accepted.

Students will have to log in through the CBSE website using their Aadhaar number and submit applications online. The board said the entire process, including payment of fees, is being conducted digitally.

For verification of issues in scanned copies of answer books, students can report concerns such as missing pages, missing supplementary sheets, missing maps or graphs, blurred pages, incorrect answer books or evaluation against a different question paper set.

"Students are advised to ensure that all requests across subjects are included before final submission," the board had said.

The fee for verification of issues observed in supplied scanned copies of answer books is Rs 100 per answer book, while re-evaluation of answers will be charged at Rs 25 per question, it said.

"Students may submit only one application each for verification of issues/re-evaluation and are therefore advised to decide in advance whether to apply for one or multiple subjects," the board said.

Once the 'freeze and proceed to payment' button is clicked, the details will be locked and cannot be edited. Hence, students are advised to ensure that all details are correct, it said.

Applications will be treated as successfully submitted only after online payment is completed. It also said that only one application each for verification of issues and re-evaluation will be permitted.

“Students may also apply online for re-evaluation of one or more questions across one or more subjects by providing the required details, including question number, page number, as the case may be," the board said.

The CBSE said the outcome of the requests will be communicated after the completion of the process and advised candidates to submit their applications within the stipulated timeline.

A visual guide and a tutorial video have also been made available to help students complete the process, it said.

The CBSE had also said that “malicious actors” attempted to disrupt services on its re-evaluation portal through a barrage of cyberattacks, including a denial-of-service attack that caused 1.5 million hits on the platform within two minutes and more than one lakh attempts at unauthorised file access.

"While thousands of students accessed the CBSE re-evaluation portal today, malicious actors attempted to disrupt services through a barrage of cyberattacks," the board said on X on Tuesday.

The board said that based on student feedback, further improvements, including extended session time limits, have been implemented to enhance user experience.

"Our teams remain on constant watch to ensure a secure, reliable and student-friendly platform," it added.

The CBSE had said that Aadhaar-based verification was introduced for security reasons.

“For children who do not have Aadhaar, the Aadhaar details of parents, relatives or guardians may be used," the board said.

"In this case, the Aadhaar name, date of birth and gender must be of the person whose Aadhaar number is used," it added. PTI KSH GJS ARI ARI

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