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    CCI approves the proposed combination involving inter-alia subscription to certain CCPS and acquisition of certain equity share capital of Romsons Gro...
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June 17, 2026
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Competition clearance for acquisition and CCPS subscription in Romsons Group under a proposed internal restructuring.
Competition Commission of India clearance was granted for a proposed combination involving internal restructuring of the Romsons Group and the subscription to compulsorily convertible preference shares together with acquisition of equity share capital in Romsons Group Private Limited by Jongsong Investments Pte. Ltd. The acquirer is an investment holding company and an indirect wholly owned subsidiary of Temasek Holdings Private Limited. The target is engaged in the manufacture and sale of medical devices and personal care and hygiene products.
June 16, 2026
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Fiscal space for new programmes remains minimal as Tamil Nadu's White Paper flags higher deficits, borrowing constraints, and understated liabilities.
Tamil Nadu's White Paper on state finances says there is only minimal fiscal space for new programmes because projected deficits remain high, borrowing is constrained, and committed expenditure is understated. It notes over-projected tax revenue, omitted recurring liabilities, and limited borrowing headroom, leading to a much larger expected revenue deficit and fiscal deficit than budgeted. The paper also highlights worsening debt, interest burden, revenue weakness, and the need for sustained revenue mobilisation, expenditure control, debt management, and clean governance.
June 16, 2026
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Wholesale Price Index revision with base year 2022-23 expands coverage, updates methodology, and introduces new producer price indices.
Wholesale Price Index and Producer Price Indices are being revised with base year 2022-23, replacing the existing WPI series with base year 2011-12. The revised framework introduces a larger commodity basket, updated grouping of energy items, revised weight derivation using Gross Value of Output for WPI, short-term formulation for elementary indices, and targeted mean imputation for missing prices. Output PPI, trial Input PPI, and Service PPIs are also introduced, with monthly, experimental, and quarterly release schedules, respectively, and back-series data made available on the official portal.
June 16, 2026
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Corporate insolvency resolution process scrutiny deepens amid alleged circular transactions, fraudulent asset transfers, and voting-rights violations.
Enforcement Directorate searches were conducted at 17 locations in Maharashtra and Delhi in a money laundering investigation linked to alleged irregularities in a corporate insolvency resolution process. The probe concerns an allegedly fraudulent loan and other loans, and is aimed at gathering material on circular transactions, fraudulent takeover of stressed assets, under-valuation of auctioned assets, inflated and fraudulent claims, violation of creditor voting rights, and lack of transparency in the insolvency resolution process.
June 16, 2026
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Bail jurisprudence and Article 22 safeguards shaped a detailed discussion on PMLA, economic offences, and criminal litigation complexity.
Bail jurisprudence in criminal cases was discussed with emphasis on the constitutional balance between personal liberty and the interests of justice. The lecture explained the constitutional foundations governing bail, the evolution of judicial interpretation through precedent, and the principles considered by courts while granting or refusing bail in criminal proceedings. It also covered Article 22 safeguards, including protections relating to arrest, detention, legal representation, and procedural rights, and focused on the Prevention of Money Laundering Act, the Enforcement Directorate, stringent bail conditions, and the practical challenges of financial crime litigation.
June 16, 2026
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Aadhaar identity use questioned over alleged misuse as proof of citizenship, domicile and residential address.
A plea has challenged the alleged misuse of Aadhaar cards as proof of citizenship, domicile and residential address, seeking directions to limit their use strictly to identity verification. The matter concerns the permissible legal scope of Aadhaar-based identification and the need to prevent its use for purposes not authorised by the governing framework.
June 16, 2026
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Energy diversification becomes urgent as Southeast Asia confronts import dependence, price shocks and cleaner power transition pressures.
Southeast Asia's energy sector is exposed to supply and price shocks because of heavy reliance on imported oil and gas through the Strait of Hormuz. The report urges diversification of energy sources and supply routes, reduced dependence on imported fossil fuels, improved grid efficiency and greater investment in renewable energy, while noting rising rooftop solar use, electric vehicle sales and renewed interest in nuclear power.
June 16, 2026
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Money laundering probe over alleged sham payments and loans linked to CMRL, Exalogic, and family-associated companies.
Enforcement Directorate questioning continued in a money laundering probe concerning transactions between CMRL, Exalogic Solutions Private Limited, and entities linked to the Kartha family. The investigation concerns alleged payments by CMRL to Exalogic without corresponding services and loans extended by Empower India Capital Investments Private Limited to Exalogic despite alleged repayment defaults. The agency has stated that these transactions generated proceeds of crime, and the case has been registered under the Prevention of Money Laundering Act on the basis of a prosecution complaint filed by the Serious Fraud Investigation Office.
June 16, 2026
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BFSI digital verification infrastructure expands with licensed compliance tools, real-time fraud analytics and privacy-focused regulated deployment.
Integrated digital verification and fraud analytics platform for the BFSI sector scaled into a government and regulatory licensed compliance infrastructure serving banks, NBFCs, insurers and fintechs through a single API. The platform supports Digital Onboarding, Fraud Intelligence and Collections Intelligence using real-time verification, source-authenticated data and timestamped audit trails, with compliance-grade deployment in regulated environments. Its licensed expansion includes RBI Innovation Hub Data Service Provider status, Aadhaar Offline Verification Seeking Entity capability and Unified Logistics Interface Platform licensing, alongside privacy- and security-focused compliance under the Digital Personal Data Protection Act and its rules.
June 16, 2026
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Aadhaar identity proof limits sought amid concerns over misuse for citizenship, address and voter enrolment
Restriction on the use of Aadhaar as an identity document was sought on the ground that it is being treated as proof of citizenship, domicile, residential address and date of birth despite the statutory and regulatory position that Aadhaar is only proof of identity. The plea asserted that misuse of Aadhaar for school admission, property transactions and issuance of other documents, as well as in voter registration forms, undermines the intended scope of Aadhaar and permits inclusion of persons without adequate supporting documents in official records.
June 16, 2026
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China's export surge threatens European industry as leaders weigh higher tariffs and broader action against overcapacity.
China's export surge is shifting away from the United States tariff wall toward Europe and other open markets, raising concern that a new wave of import competition could disrupt advanced economies. European leaders are considering a stronger tariff response and broader coordination to address the trade threat, while the article links the pressure to China's dominance in world trade, its higher-value exports, and policies that encourage overproduction and suppress domestic consumption.
June 16, 2026
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Rupee strengthens as falling crude prices and easing Middle East tensions improve near-term currency sentiment.
The rupee strengthened in early trade as sharp declines in crude oil prices and easing Middle East tensions improved sentiment for the domestic currency. Traders said reduced pressure on global energy supplies, supportive foreign inflows, gains in domestic equities and a narrowing merchandise trade deficit all backed the near-term outlook for the rupee.
June 15, 2026
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Windfall gains tax on petroleum exports is revised to curb export incentives and protect domestic fuel availability.
Windfall gains tax on exports of petroleum products has been revised for the fortnight beginning 16 June 2026, with the special additional excise duty on diesel exports increased and the duty on aviation turbine fuel exports also raised. The levy on petrol exports remains unchanged, and the existing duty rates on petrol and diesel cleared for domestic consumption are unchanged. The stated purpose of the windfall tax is to support domestic availability of petroleum products by discouraging exports when international crude prices and geopolitical conditions create a price advantage for exporters.
June 15, 2026
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Money laundering probe over teacher recruitment irregularities focuses on fund trail, layered transactions, and intermediary entities.
Enforcement Directorate questioned a Trinamool Congress MP for over 11 hours in a money laundering probe linked to alleged irregularities in primary teacher recruitment. The agency focused on the money trail, financial documents, digital records, bank records and communication data to identify who handled the funds, how they moved through accounts and entities, and whether the transactions were layered to conceal their origin. The examination also covered intermediaries, beneficiary entities and inconsistencies between earlier submissions and recovered materials.
June 15, 2026
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Electricity tariff revision retains consumer concessions while raising rates across categories and adjusting rebates and surcharge terms.
Electricity tariffs in Chhattisgarh were revised upward by an average of 6.23 per cent across consumer categories from 1 July 2026, with the regulator stating that the revised tariff was approved to meet the estimated revenue requirement for the year. Several concessional and protective measures were continued for women's self-help groups, hospitals, tribal regions, agricultural pump connections, and other specified consumer classes, while the advance payment rebate and delayed payment surcharge were also revised.
June 15, 2026
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Engineering exports growth reflects resilience, trade facilitation and product diversification amid external market disruptions.
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June 15, 2026
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Money-laundering probe over homebuyer fraud leads to provisional attachment of developer and promoter properties.
Provisional attachment under the Prevention of Money Laundering Act was issued in a money-laundering investigation concerning alleged fraud against homebuyers by a real estate developer and its promoter. The attachment covered immovable properties of the company, the promoter, and family members, following multiple FIRs based on complaints by homebuyers. The investigation concerned funds collected from homebuyers for residential projects and alleged diversion of those funds to purposes other than development and completion of the promised projects.
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June 15, 2026
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June 15, 2026
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Assam Cabinet decides to stop Aadhaar issuance to those aged above 18 yrs

June 13, 2026

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Guwahati, Jun 13 (PTI) Assam Chief Minister Himanta Biswa Sarma on Saturday said his cabinet has decided that Aadhaar cards would not be issued to those aged over 18 years to ensure illegal immigrants don't acquire the document.

In exceptional cases, the district commissioner will have to send a proposal to the state government seeking permission for issuing the card, he said at a press conference here after chairing a cabinet meeting.

The government will then decide whether the applicant is eligible for the card, the chief minister said.

Remarking that Aadhaar card issuance has reached a saturation point in the state, Sarma said, "In some districts, it has crossed the 100 per cent mark, and we must ascertain who these people are who are taking the additional Aadhaar cards." The step is being taken to ensure that no illegal Bangladeshis get Aadhaar cards, he said.

Aadhaar cards will, however, continue to be issued to people from the Tea Tribe community, the Scheduled Tribes, the Scheduled Castes and the differently abled, as many are yet to receive the cards.

"The ban will, however, be absolute from April 1, 2027, and people from these communities above the age of 18 will also stop receiving it from that date," the chief minister said.

Aadhaar cards, however, will continue to be issued to those below the age of 18.

Sarma had earlier said the state government would be "very strict" in issuing Aadhaar cards, and it would not be easy to get the document in Assam.

Last year, he had said the Assam government was mulling stricter rules for the issuance of Aadhaar cards for adults as part of its efforts to curb illegal immigration from Bangladesh.

The Supreme Court had said in a ruling on May 4 that the issuance of new Aadhaar cards only to citizens up to the age of six years require legislative intervention and appropriate amendments in the existing legal framework.

A bench of Chief Justice Surya Kant and Justice Joymalya Bagchi gave the ruling after hearing a public interest litigation (PIL) seeking direction to the Unique Identification Authority of India (UIDAI) to issue new Aadhaar cards only to citizens up to the age of six years.

The bench said the appropriate recourse for the petitioner would be to bring all these issues to the notice of the state and other stakeholders to enable them to take cognisance of them.

In Assam, the biometrics of over 9 lakh people for issuing Aadhaar card were locked during the updating of the National Register of Citizens (NRC).

A petition was filed by then TMC MP Sushmita Dev for unlocking of the biometrics in 2022 and in September 2024, the Centre had unlocked the biometrics of these people so that they could get their Aadhaar cards.

The chief minister had then said the Centre had instructed the UIDAI to issue the cards as it has been established that there is "no correlation between inclusion of name in NRC and Aadhaar registration".

Sarma on Saturday said the cabinet has also approved the implementation of a framework for the VB-G RAM G Act in the state. He said it would be implemented from July 1.

The budgetary allocation is Rs 2,000 crore, and 125 man-days will be created for direct wage employment under the new rural employment generation law, he said.

Besides providing employment, importance will be given to creating assets, Sarma added.

The cabinet also approved the establishment of Guwahati Satellite Cities Development Authority (GSCDA) to plan, finance, and develop satellite cities in and around the city.

This will be within the jurisdiction of the Guwahati Metropolitan Development Authority.

It was also decided in the meeting that cabinet approval will now be required for issuing 'no objection certificates' to officers of All India Services like IAS for central and inter-state deputation, the chief minister said.

Sarma said the budget session of the Assam Assembly will be convened on July 6, and the exact date for the budget presentation will be announced soon. PTI DG NSD DG ACD

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