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    Attack on vehicles of ED officials outside Vijayan's house; police arrest 4 persons
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May 27, 2026
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Money laundering probe linked to ED raids, vehicle attack and arrests amid stand-off outside party office
Violent attack on vehicles carrying Enforcement Directorate officials led to arrests, with police identifying several persons as directly involved and maintaining a presence outside a CPI(M) office during a stand-off. The ED action formed part of a wider money laundering probe linked to financial dealings between a former Chief Minister's daughter's firm and a sand mining company, arising from questions over transactions between CMRL and a now-defunct firm under a Prevention of Money Laundering Act case.
May 27, 2026
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Money laundering probe over alleged illegal nightclub operations leads to fresh asset attachment and proceeds of crime claims.
Provisional attachment under the Prevention of Money Laundering Act was made in relation to the alleged illegal operation of a Goa nightclub, with fresh immovable assets attached and the cumulative attachment and freezing in the case stated to have increased. The ED alleged continued commercial activity without mandatory statutory clearances, use of forged documents to obtain licences, and treatment of the revenue generated as proceeds of crime under the anti-money laundering law.
May 27, 2026
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Election administration and commercial regulation dominate Supreme Court updates on voter rolls, GST, tribunal practice, and online gaming.
Election administration and electoral procedure featured prominently, with the Supreme Court upholding the Election Commission's power to conduct a Special Intensive Revision of voter rolls and leaving to the Commission a plea to modify VVPAT guidelines. The Court also said the ongoing trial in the 2023 Manipur ethnic violence should be expedited, and it addressed online hearings, language policy, transgender law challenges, retrospective GST on online gaming, tribunal practice restrictions, and the Amazon-Future Group dispute.
May 27, 2026
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Electoral roll verification framework upheld as Aadhaar remains only an identity document, not proof of citizenship.
The Supreme Court examined the Election Commission's documentation framework for the Special Intensive Revision of electoral rolls and its authority to classify documents by evidentiary value. It recognised electoral roll preparation as a constitutional function requiring verification of residence, identity and eligibility, and said the Commission may design reasonable procedures suited to the survey. Aadhaar is not proof of citizenship or domicile, though it may be used for limited identity verification, and ration cards may be excluded for evidentiary unreliability.
May 27, 2026
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Financial inclusion outreach boosts bank lending, CSR support, and service access through flagship schemes in Tripura.
Credit outreach programme in Agartala, Tripura, facilitated disbursement of loans through participating banks under Government of India flagship schemes, with financial support extended to beneficiaries and project-related sanctions handed over during the event. The programme also included CSR-linked assistance, including ambulances and medical equipment funding, along with the virtual inauguration of a bank branch, an ATM, and customer service points across Tripura. The Secretary, Department of Financial Services, highlighted the implementation of government flagship financial inclusion schemes in Tripura, including PM Jan Dhan Yojana, PM MUDRA Yojana, PM Jeevan Jyoti Bima Yojana, PM Suraksha Bima Yojana, and Atal Pension Yojana.
May 27, 2026
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Money laundering probe under PMLA continued despite no formal FIR, as the High Court upheld ED's jurisdiction.
Enforcement Directorate action proceeded in relation to alleged financial irregularities linked to a company associated with a former chief minister's daughter, after earlier income tax searches and an SFIO investigation. The company sought to quash the ECIR, summons and related proceedings, arguing that no scheduled offence existed when the PMLA probe began and that the ED lacked jurisdiction before a formal FIR or final report. The Kerala High Court held that the ED was legally empowered to continue the money laundering investigation.
May 27, 2026
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Financial inclusion outreach promotes productive credit use, entrepreneurship and disciplined borrowing to support livelihoods and prevent bad loans.
Financial inclusion initiative was advanced through a credit outreach programme at Udaipur, District Gomati, Tripura, where banks sanctioned loans to beneficiaries and NABARD and SIDBI announced additional project funding. CSR assistance was also extended for improving school and anganwadi infrastructure, and a cluster development branch of SIDBI was inaugurated to support the MSME sector and regional borrowers. The Department of Financial Services also unveiled the Financial Inclusion 2.0 Vision Document as part of the outreach effort. The Secretary, Department of Financial Services, emphasised productive credit utilisation, entrepreneurship-led employment generation and financial discipline, and urged beneficiaries to prevent loan accounts from turning into non-performing assets.
May 27, 2026
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Bilateral trade negotiations advance as India and the United States discuss an interim agreement and broader market access issues.
India and the United States have continued negotiations toward an Interim Agreement within the broader Bilateral Trade Agreement framework, with the U.S. negotiation team visiting India to advance the interim arrangement and broader BTA talks. The discussions are proposed to cover market access, non-tariff measures, customs and trade facilitation, investment promotion, and economic security alignment.
May 27, 2026
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Bilateral trade pact negotiations continue as India and the United States revisit tariffs, market access, and supply chain cooperation.
India and the United States are continuing negotiations on an interim bilateral trade pact and the broader bilateral trade agreement, with the planned talks focused on finalising the legal text and addressing market access, non-tariff measures, customs and trade facilitation, investment promotion, and economic security alignment. The proposed framework includes tariff reductions, expanded market-opening commitments, and recalibration of the agreement in light of the changed US tariff environment, alongside cooperation on critical minerals and related supply chains.
May 27, 2026
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Money laundering probe targets alleged fraudulent payments and related transactions linked to CMRL and connected entities
The Enforcement Directorate searched premises linked to former Kerala chief minister Pinarayi Vijayan, his family members and persons associated with CMRL in a money laundering probe under the Prevention of Money Laundering Act. The case concerns alleged fraudulent payments to Exalogic Solutions Private Limited, loans allegedly advanced despite repayment defaults, and related transactions said to have generated proceeds of crime. The agency acted on the basis of a Serious Fraud Investigation Office prosecution complaint treated as the predicate offence.
May 27, 2026
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Interim trade agreement talks between India and the United States advance with focus on market access and trade facilitation.
Trade negotiations between India and the United States are continuing through an upcoming visit by the US chief negotiator's team to India to finalise the details of an interim trade agreement and advance the broader bilateral trade agreement framework. The discussions concern reciprocal and mutually beneficial trade and are expected to address market access, non-tariff measures, customs and trade facilitation, investment promotion, and economic security alignment.
May 27, 2026
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Rupee pressure from US-Iran tensions and strong dollar keeps currency range-bound ahead of RBI policy meeting
The rupee settled largely unchanged against the US dollar amid cautious sentiment driven by renewed US-Iran tensions, a stronger dollar and weak domestic equities. Foreign institutional outflows added pressure, while softer crude oil prices provided limited support. Market attention also turned to the upcoming RBI Monetary Policy Committee meeting, and traders expected the dollar-rupee pair to remain range-bound in the near term.
May 27, 2026
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Independence of the judiciary guides the bar on former tribunal members practising before the same tribunal system.
Retired judicial and technical members of the National Company Law Tribunal and the National Company Law Appellate Tribunal are prohibited from appearing, acting, pleading, or otherwise practising as advocates or consultants before those tribunals. The challenge concerned a regulation imposing a complete bar on such practice by former tribunal members, with the petitioner contending that a cooling-off period should replace the prohibition.
May 27, 2026
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PMLA money-laundering probe over alleged illegal payments continues after a challenge to the proceedings was dismissed.
Enforcement action under the Prevention of Money Laundering Act concerns alleged illegal payments by a private company to a firm linked with Veena T, following complaints and tax-related scrutiny of the transactions. The investigation led to searches at multiple premises, while a writ petition challenging the proceedings was dismissed, leaving the agency free to continue its probe.
May 27, 2026
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Online filing of ITR-2 is enabled for capital gains taxpayers without business income on the e-filing portal.
Online filing and Excel utility for ITR-2 have been enabled on the e-filing portal for assessment year 2026-27, allowing eligible individuals and Hindu undivided families with capital gains income, but no business or profession income, to begin filing returns.
May 27, 2026
Show AI Summary
Election roll revision powers, money-laundering searches and exam leak arrests feature in a packed set of legal developments.
The highlights report election-related, enforcement and criminal investigation developments, including the Supreme Court's view on the Election Commission's power to conduct a Special Intensive Revision of voter rolls for fair elections, searches in a money-laundering investigation, arrests in the NEET UG paper leak case, and comments that the proposed Uniform Civil Code Bill is intended to protect women's rights and is not against any religion.
May 27, 2026
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PMLA investigation over CMRL payments triggers political motivation claims and continued scrutiny of the ED raids.
ED raids were reported in a PMLA investigation linked to alleged payments by Cochin Minerals and Rutile Ltd. to Exalogic Solutions, the company associated with Veena Vijayan. The probe stemmed from an SFIO complaint and earlier scrutiny by the Income Tax Department settlement board, while the Kerala High Court had dismissed CMRL's writ petition to quash the ED proceedings. CPI(M) leaders alleged the raids were politically motivated and maintained that the payments were for services rendered, not illegal transactions.
May 27, 2026
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Anti-trust challenge over Amazon's investment deal leads to setting aside of penalty and deal suspension orders.
Challenge to anti-trust action concerning Amazon's investment deal with Future Group. The Supreme Court set aside the NCLAT order that had rejected Amazon's appeal, and also set aside the Competition Commission of India's order imposing a penalty and suspending the deal. The Court further directed refund of any amount deposited or recovered from Amazon pursuant to the impugned orders within eight weeks.
May 27, 2026
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Merger approval and share issuance in the absorption of Indovida India into EPL Limited in the packaging sector.
Competition Commission of India approved the proposed merger of Indovida India Private Limited with and into EPL Limited by way of absorption. EPL, as the post-merger resultant entity, is to issue and allot shares on a proportionate basis to the shareholders of Indovida India in consideration of the merger. Indovida India is a wholly owned subsidiary within the Indorama group, while EPL is engaged in the manufacture and sale of packaging products.
May 27, 2026
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Joint venture approval for commodities trading entity reflects CCI clearance of the Mercuria-Tata combination.
Competition Commission of India approved the creation of a joint venture company between Mercuria Energy Netherlands B.V. and Tata International Singapore (Pte) Ltd., including the associated pre-closing restructuring and transfers. The target is to be established in the Dubai International Financial Centre, United Arab Emirates, as a commodities trading and investment entity. The joint venture is proposed to trade commodities through subsidiaries in various jurisdictions, including India.

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Customs & Trade

Bharat Buildcon 2026 Day Two Witnesses Strong Business Momentum; Global Buyers, Industry Leaders and Policymakers Drive High-Value Engagements

June 20, 2026

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International Participation, Industry Conferences and Business Meetings Strengthen India's Position as a Global Building Materials Hub New Delhi [India], June 19: Bharat Buildcon 2026 – One Nation, One Expo, India's premier exhibition for the building materials and construction industry, continued to witness exceptional industry participation on its second day at the Yashobhoomi Convention Centre, New Delhi. The expo attracted strong footfalls from domestic and international buyers, architects, developers, contractors, manufacturers, traders, policymakers, consultants, and industry associations, further reinforcing its position as one of the largest business networking platforms for the sector.

The second day of the exhibition featured extensive business interactions, buyer-seller meetings, product showcases, and knowledge-sharing sessions, creating significant opportunities for Indian manufacturers to expand their market reach and strengthen global trade relationships.

India's construction and building materials sector is emerging as one of the strongest pillars of the nation's economic growth. The construction sector currently contributes nearly 9% to India's GDP and supports employment for more than 51 million people, making it the country's second-largest employment generator after agriculture. Industry estimates indicate that India's construction market, valued at approximately USD 685 billion in 2025, is expected to exceed USD 1.24 trillion by 2034, driven by rapid urbanization, infrastructure investments, housing demand, industrial expansion, and government-led development initiatives.

Simultaneously, India's building materials industry—including ceramics, tiles, sanitaryware, bathware, paints, construction chemicals, hardware, plywood, and laminates—is witnessing robust growth supported by large-scale infrastructure projects, smart city developments, logistics parks, industrial corridors, and rising demand from the residential and commercial real estate sectors. India is already among the world's largest producers of ceramic tiles and is steadily expanding its global export footprint across multiple building material categories.

A major highlight of the day was the participation of Shri Ashok Kumar Meena, Secretary, Department of Drinking Water & Sanitation, Ministry of Jal Shakti, who interacted with leading manufacturers and industry stakeholders during his visit to Bharat Buildcon 2026. He visited various exhibition stalls and discussed innovative solutions for water conservation, efficient water management, and sustainable infrastructure development. Shri Meena encouraged industry participants to share their inputs and innovations for reducing water wastage, while also sharing the government's vision for strengthening water security and sanitation infrastructure across the country.

The event also hosted two high-impact industry conferences focusing on Real Estate Market Outlook and International Confederation of Trade and Industry (ICTI). These sessions brought together domestic and international participants, offering valuable insights into emerging market trends, infrastructure investments, export opportunities, technological advancements, and global trade dynamics.

With participants from over 90 countries and more than 100 Indian cities, Bharat Buildcon 2026 has emerged as a powerful platform connecting Indian manufacturers with global buyers. Exhibitors across categories including ceramics, tiles, sanitaryware, bathware, hardware, plywood, laminates, paints, construction chemicals, machinery, and building technologies reported strong visitor engagement and promising business inquiries.

Highlighting the economic impact of such industry platforms, Mr. Jitendra Kathiriya, Director, Bharat Buildcon, said, "Events of this scale create value far beyond the exhibition halls. They stimulate business activity across manufacturing, logistics, hospitality, transportation, and services sectors. The thousands of business meetings taking place here are expected to translate into significant commercial transactions and strategic collaborations. Bharat Buildcon serves as a common platform where stakeholders from across the value chain come together to accelerate business growth and contribute to India's economic development." Speaking on the significance of the event, Mr. Vishal Acharya, Director, Bharat Buildcon, said, "The response witnessed during the first two days of Bharat Buildcon clearly demonstrates the growing global confidence in India's manufacturing ecosystem. The presence of international buyers, sourcing professionals, and trade delegations creates a direct pathway for Indian companies to expand their export footprint. Bharat Buildcon is not merely an exhibition; it is a business catalyst that connects Indian innovation with global demand and opens new avenues for trade, investment, and long-term partnerships." Commenting on the importance of exports and government-led initiatives supporting industry growth, Mr. Nilesh Jetpariya, Chairman, CAPEXIL, said, "India's building materials sector is rapidly emerging as a globally competitive industry backed by strong manufacturing capabilities, innovation, and quality standards. Government initiatives such as PM Gati Shakti, National Infrastructure Pipeline, Smart Cities Mission, Housing for All, and Make in India are creating tremendous opportunities for Indian manufacturers. Exhibitions such as Bharat Buildcon play a crucial role in connecting exporters with international buyers, helping Indian products reach new markets while strengthening the country's export ecosystem." Emphasizing the long-term vision behind the expo, Mr. Vijay Aghara, Director, Bharat Buildcon, said, "Bharat Buildcon has been envisioned as a platform that showcases India's industrial strength to the world. The participation of buyers from across continents, coupled with the presence of leading Indian manufacturers, demonstrates the growing influence of India's building materials industry in the global marketplace. Such interactions facilitate technology exchange, encourage innovation, and create sustainable business opportunities that benefit the entire industry ecosystem." The exhibition halls remained vibrant throughout the day, with exhibitors showcasing advanced technologies, sustainable construction solutions, innovative products, and next-generation building materials designed to support India's rapidly evolving infrastructure landscape. Several exhibitors reported productive discussions with buyers from domestic and international markets, generating strong prospects for future business collaborations.

Industry experts believe that as India moves toward becoming a USD 5 trillion economy and beyond, demand for construction materials, housing infrastructure, transportation networks, industrial facilities, and urban development projects will continue to rise significantly. This is expected to create substantial opportunities for Indian manufacturers while strengthening the country's position as a global sourcing and manufacturing hub.

As India continues to invest heavily in infrastructure, housing, industrial development, and urbanization, platforms such as Bharat Buildcon are expected to play an increasingly important role in promoting manufacturing excellence, boosting exports, attracting investments, and strengthening India's position in the global construction and building materials value chain.

Bharat Buildcon 2026 will continue until June 21, 2026, at the Yashobhoomi Convention Centre, New Delhi, and is expected to attract tens of thousands of additional visitors, buyers, and industry stakeholders in the coming days.

Powered By • JSW Diamond Sponsors • Solorex Tiles • Rafttaar.ai • Shree Cement • Bangur Cement • KICH India Gold Sponsors • Jindal Steel • Pidilite • Coverstone Ceramic • HUMBEE Associate Sponsors • Kajaria • Century Ply • Jaguar • Action TESA Security Partner • Harrison Locks For More Details Matik Meman PRarambh Public Relations 8866887865 [email protected] (Disclaimer: The above press release comes to you under an arrangement with PNN and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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