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    'Minimal space' for new programmes, says CM Vijay-led TN govt
    PRESS RELEASE ON NEW SERIES OF WHOLESALE PRICE INDEX, AND PRODUCER PRICE INDICES WITH BASE YEAR 2022-23
    ED searches at 17 locations in corporate insolvency process case
    NIA Special Public Prosecutor Advocate Gautam Khazanchi Engages Galgotias Law Students on Bail Jurisprudence, Constitutional Safeguards and PMLA
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    Iran war is a 'wake-up call' for Southeast Asia's energy sector, report says
    Kerala: ED questions CMRL MD''s wife, son in money laundering probe
    KYCKART Marks Five Years as Government Funded and Licensed Verification Infrastructure for Indian BFSI
    SC seeks responses of Centre, States on plea for use of Aadhaar as identity proof only
    China Shock 2.0: Surging Chinese exports threaten Europe's economy, raising concern at G7 summit
    Rupee rises 5 paise to 94.53 against US dollar in early trade
    Govt hikes windfall tax on diesel, ATF exports
    ED interrogates TMC MP Abhishek for over 11 hours in primary school jobs scam case
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    India's engineering exports jump 24 pc to USD 12.31bn in May: EEPC
    Homebuyers 'fraud' case: ED attaches fresh assets worth Rs 503 crore of Raheja Developers
    Gujarat govt unveils new industrial policy, targets Rs 10 lakh crore investment over 5 years
    Rupee rises 60 paise to settle at 94.58 against US dollar
    Exports rise to 6-month high of 18 pc in May; trade deficit widens to USD 28.21 bn
    Rs 500-cr crypto fraud: ED carries out raids, arrests one for laundering investor funds
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    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    Engineering exports growth reflects resilience, trade facilitation and product diversification amid external market disruptions.
    India's engineering goods exports showed strong growth in May 2026 and during April-May 2026-27, despite trade disruptions linked to the West Asia conflict. The sector's resilience was attributed to adaptability, government support and trade facilitation measures, while continued momentum was said to require focus on market conditions and product diversification.
    June 15, 2026
    Show AI Summary
    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.
    June 15, 2026
    Show AI Summary
    Industrial policy incentives drive manufacturing, innovation, start-up support and green growth under Gujarat's five-year development roadmap.
    Gujarat's new industrial policy sets a five-year roadmap to attract investment, strengthen advanced manufacturing and innovation, and support inclusive industrial growth through differentiated incentives. It provides a flexible incentive framework for MSMEs, large projects, thrust sectors, start-ups and R&D centres, while also encouraging industrial relocation, green production and infrastructure support for housing, skill centres and modern industrial parks.
    June 15, 2026
    Show AI Summary
    Rupee gains on lower crude prices and weaker dollar as improved global risk sentiment supports the currency.
    The rupee strengthened against the US dollar amid improved global risk sentiment following a reported US-Iran deal, a sharp fall in Brent crude prices, a weaker dollar and lower US Treasury yields. Market participants linked the currency move to reduced oil-import pressure, easing inflation concerns and a revival in domestic equity markets.
    June 15, 2026
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    Trade deficit widens as exports hit a six-month high, with petroleum imports, West Asia tensions and rupee depreciation shaping flows.
    India's merchandise exports rose to a six-month high in May, while the trade deficit widened as import growth outpaced export growth, largely due to higher petroleum and gold imports and elevated crude prices. Export gains were led by electronic goods, petroleum products, engineering items and pharmaceuticals, while several sectors recorded negative growth. The report notes that exports to West Asia remained close to the previous year's level despite regional disruptions, and that easing geopolitical tensions and any reopening of the Strait of Hormuz would be positive for trade, shipping, freight stability and supply chains.
    June 15, 2026
    Show AI Summary
    Money laundering probe targets cryptocurrency Ponzi scheme using layered transfers, token manipulation and concealed property purchases.
    Money laundering investigation under the Prevention of Money Laundering Act arose from an alleged cryptocurrency-based multi-level marketing scheme said to have induced public investment in Korvio Coin through assured returns, promotional events, token-value manipulation and a Ponzi-style repayment structure. The alleged operation used online platforms and foreign servers, with funds routed through bank accounts, fictitious firms and intermediaries, and a portion converted into cryptocurrency to obscure the trail.

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      Corp. Laws / SEBI / IBC

      Farmers invited to join CJP stir as Jantar Mantar protest heads into third day

      June 21, 2026

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      New Delhi, Jun 21 (PTI) The Cockroach Janta Party (CJP) on Sunday invited farmer groups to join its demonstration over alleged examination irregularities and the NEET paper leak, with founder Abhijeet Dipke saying the protest at Delhi's Jantar Mantar will remain in place on Monday and is expected to draw larger participation.

      On the second day of the protest, Dipke sought support from farmer unions and reiterated the demand for Union Education Minister Dharmendra Pradhan's resignation.

      "The protest will continue tomorrow as well and the crowd is expected to increase as farmer unions have extended their support and will join us tomorrow," Dipke said, addressing the protest.

      He also alleged that Delhi Police personnel are seeking Aadhaar card details and addresses of people donating water and bananas to protesters at the site.

      "The Delhi Police is asking for Aadhaar card details and the addresses of people who are donating water and bananas at the protest site. What has the Delhi Police been reduced to by this government?" he said.

      Responding to the allegation, a senior police officer said security deployment would remain at the protest venue and authorities are closely monitoring the situation.

      "Deployment will continue at the Jantar Mantar protest site. We have all details about the protesters and no one will be allowed to breach law and order," the officer said.

      The officer added that the Aadhaar details of the protesters could be verified if required.

      Appealing to the farming community, Dipke said students had stood with farmers during their movements and now, they expect similar solidarity in return.

      "I appeal to farmers across India to come and stand with students at Jantar Mantar," he said, adding that students had supported farmers when they were fighting for their rights.

      By Sunday evening, hundreds of people had gathered at the protest site. Many supporters clapped, played daflis and sang "Mera Rang De Basanti Chola" while participating in the demonstration.

      In a series of posts on X, the CJP said, "We will not leave until Pradhan resigns and if government thinks exhaustion will end this movement, it is mistaken. This protest will only grow bigger." The CJP founder also appealed to the public to reach Jantar Mantar and asked NEET re-examination candidates to join the protest after completing their test.

      "We are holding the fort but without your support this movement won't be successful," he said.

      The protest had begun on Saturday afternoon under heavy police deployment, CCTV surveillance, barricades and the presence of security personnel equipped with body cameras.

      While police repeatedly announced on Saturday evening that the gathering had permission only till 5 pm and asked the protesters to vacate the site, Dipke and several supporters remained there through the night.

      The overnight sit-in continued on Sunday, with the protesters raising slogans demanding Pradhan's resignation and accountability over the alleged NEET paper leak.

      Earlier in the day, Dipke appealed to police not to stop people from reaching Jantar Mantar, saying the protesters are seeking justice for students affected by the examination controversy.

      He also requested authorities to restore water supply to public restrooms at the protest site, claiming that there is no water since Saturday night.

      The protesters had earlier alleged that lights were switched off and access to water, food and washrooms was restricted.

      They later said drinking-water access was restored and the lights were switched back on.

      Dipke said the protest will remain peaceful and reiterated his appeal for dialogue with the Centre, adding that talks can take place if accountability is fixed and the education minister resigns.

      Hundreds of supporters, mostly youngsters, gathered at Jantar Mantar on Saturday after Dipke's call to bring "thali and chammach", with the participants banging plates and spoons while raising slogans.

      Dipke has also demanded a compensation of Rs 1 crore each for the families of the students who allegedly committed suicide following the paper leak and cancellation of the medical-entrance examination.

      "If there are arrests, I will be the first to court arrest," he had told protesters.

      Climate activist Sonam Wangchuk, who joined the protest on Saturday, announced that he will go on a hunger strike on June 27 if Pradhan does not step down.

      This is the second protest organised by the CJP at Jantar Mantar over alleged paper leaks and demands for accountability from the government. PTI AO SHB BM SGV RC

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