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    Kerala: ED questions CMRL MD''s daughter in money laundering probe
    WPI inflation rises to 9.68 pc in May as fuel, food, manufactured items see price spike
    TMC MP Abhishek Banerjee appears before ED for questioning in primary school jobs case
    More steps likely to attract foreign capital: Sitharaman
    India, UK discuss collaboration in tech, research, startups
    Rupee rises 58 paise to 94.60 against US dollar in early trade
    Goa Congress urges Sebi to withhold listing of Vedanta Iron and Steel Ltd
    Rupee-dollar fluctuations driven by global, domestic factors: Sitharaman
    2 arrested for operating fake common service centre, online fraud in Meerut
    Unauthorised absence by RBI official grave misconduct: HC; upholds his removal
    India's Russian oil imports rise in May as refiners boost purchases
    No shortage of energy in country, LPG, oil supply situation comfortable: Hardeep Singh Puri
    Assam Cabinet decides to stop Aadhaar issuance to those aged above 18 yrs
    Advocate Aashutosh Srivastava Conferred Honorary Doctorate in Law by Washington Digital University, USA
    Ex-RCom official Gautam Doshi sent to 5-day ED custody in Rs 40,000 cr money laundering probe
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    OFCD case: SEBI moves SC against SAT relief to SICCL managers, company secretary
    AXISCADES Announces Strategic Engineering Services Divestment Program for Aerospace Engineering Services Business
    QCI and FDDI Sign MoU to Strengthen Quality and Skilling Ecosystem in Leather and Footwear Sector
    Assam Cabinet decides to stop Aadhaar issuance to those aged above 18: CM
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    June 15, 2026
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    Money laundering probe over alleged suspicious payments and loans linked to CMRL and associated entities.
    Enforcement Directorate questioning was undertaken in connection with a money laundering probe involving Cochin Minerals and Rutile Limited, its associated entities, and persons linked to the Kartha family and Veena Vijayan. The probe concerns allegations that CMRL made payments to Exalogic Solutions Private Limited without receiving services in return and that related lending transactions were extended despite alleged repayment defaults. The agency has alleged that these dealings generated proceeds of crime and registered the case under the Prevention of Money Laundering Act.
    June 15, 2026
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    Wholesale price inflation surges as fuel, food and manufactured goods costs rise amid global energy pressures.
    Wholesale price inflation rose to 9.68 per cent in May, driven by higher fuel and power, manufactured products, and food articles. The WPI inflation data was released with the base year revised to 2022-23 from 2011-12. Retail inflation also increased, while the Reserve Bank of India continued to focus on consumer price inflation for monetary policy and raised its inflation projection for the current fiscal year because of higher global energy prices and mounting input costs.
    June 15, 2026
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    PMLA money trail scrutiny drives questioning in the primary school recruitment probe, with financial records and digital evidence cross-checked.
    Enforcement Directorate questioning in a PMLA probe into alleged irregularities in primary school recruitments focused on tracing the alleged proceeds of crime and the movement of funds through accounts and entities. The interrogation was to be videographed and cross-checked against financial documents, digital records and statements of other accused persons, with clarification sought on inconsistencies between earlier submissions and materials recovered during searches.
    June 15, 2026
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    Foreign capital inflows get tax and forex support through RBI swap facilities and concessional borrowing measures.
    Measures to attract foreign capital included tax exemptions for foreign investors in government securities and RBI-backed swap facilities for banks and public sector undertakings. The framework allowed banks access to the FCNR(B) swap facility for currency risk management and offered a concessional forex swap facility to encourage external commercial borrowings, with currency hedging borne by the RBI as part of a calibrated approach to support market inflows.
    June 15, 2026
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    India-UK collaboration in innovation and technology advances alongside talks on trade pact implementation challenges.
    India and the UK discussed strengthening bilateral collaboration in innovation, technology, research, startups, and emerging technologies. The meeting also covered issues linked to implementation of the free trade agreement, including British steel safeguard measures that have created obstacles to operationalising the pact.
    June 15, 2026
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    Rupee appreciation gains strength as softer crude, weaker dollar and easing energy tensions support the currency market.
    The rupee strengthened in early interbank trade on the back of softer global crude prices, a weaker US dollar and firm domestic equity markets. Forex traders linked the appreciation to easing energy market pressure after the US and Iran finalised a peace deal expected to reopen the Strait of Hormuz and reduce global oil supply disruption concerns. Market commentary suggested an appreciating bias, while the broader context also noted net foreign institutional selling and a decline in India's forex reserves reported by the RBI.
    June 14, 2026
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    Disclosure obligations under LODR are challenged over alleged non-disclosure of contingent liability in a demerger listing.
    Sebi was urged to withhold the listing of Vedanta Iron and Steel Ltd. pending full disclosure of an alleged contingent liability linked to Goa iron ore mining operations. The complaint alleged that Vedanta Ltd. failed to disclose the liability in demerger documents and stock exchange filings, raising possible breaches of LODR disclosure obligations concerning material information and contingent liabilities. The request also sought a show-cause notice, a bank guarantee in favour of the Goa government, and an independent inquiry into the demerger scheme.
    June 14, 2026
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    Rupee volatility and forex management are driven by global factors, while RBI intervenes only to curb excessive market swings.
    Rupee-dollar fluctuations are driven by multiple global and domestic factors, including geopolitical uncertainty, foreign capital movements and import dependence on crude oil, fertilisers and gold. The Reserve Bank of India intervenes only to curb excessive volatility and stabilise the market temporarily, not to maintain a fixed exchange rate. The finance minister also linked exchange rates to global currency movements, foreign investment flows and foreign exchange management needs.
    June 14, 2026
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    Fake identity documents and bank accounts allegedly used to run online fraud through a forged common service centre operation.
    Alleged operation of a fake Common Service Centre and use of forged identity documents for opening bank accounts and facilitating online frauds. The activity was said to involve fake seals, fabricated records, debit and credit cards, mobile phones, and online payment platforms for illegal gains. A complaint linked to one bank account had earlier been registered on the National Cyber Crime Reporting Portal, and a case was registered under relevant provisions of the Bharatiya Nyaya Sanhita, the Information Technology Act and the Aadhaar Act.
    June 14, 2026
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    Unauthorised absence as grave misconduct in RBI service discipline, with compulsory retirement sustained after repeated opportunities were ignored.
    Unauthorised absence by a senior assistant of the Reserve Bank of India was treated as grave misconduct because prolonged absence from a responsible post was considered detrimental to public interest and capable of justifying disciplinary action. The employee had remained away from duty without permission, and repeated directions to resume work or submit a supported leave application were not met. The disciplinary process included a show-cause notice and enquiry, but several opportunities were given for participation, so the plea of breach of natural justice was not accepted.
    June 14, 2026
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    Russian crude imports rise in India as refiners expand discounted purchases despite sanctions-related pressures.
    India's purchases of Russian crude increased in May as refiners expanded imports of discounted barrels, with Russian hydrocarbons accounting for a substantial share of the country's fossil fuel imports. Several major refining hubs recorded higher Russian crude arrivals, reflecting renewed buying by state-run refiners and continued dependence on Russian supply despite sanctions-related pressures. The report also notes that refineries using Russian crude continued to export oil products to sanctioning countries, underscoring the continued circulation of Russian-origin crude through international refining and product-trade channels.
    June 13, 2026
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    Energy supply and fuel pricing remain comfortable as excise cuts, stock levels, and E85 expansion shape policy.
    Energy supply conditions were described as comfortable, with no shortage of crude oil, LPG or natural gas and with stocks said to be sufficient for more than 60 days for crude oil and natural gas, and about 75-80 days for LPG. Fuel prices were said to have fallen in India after repeated reductions in central excise duty on petrol and diesel, while diesel sale capping was introduced to curb black marketing and E85 fuel infrastructure is being expanded.
    June 13, 2026
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    Aadhaar issuance restrictions tighten in Assam with adult applications curbed and limited exceptions requiring state approval.
    Aadhaar cards are to stop being issued in Assam to persons above 18 years, subject to limited exceptional cases requiring a district commissioner's proposal and state government approval. Aadhaar issuance will continue for persons below 18 years and, for the time being, for members of the Tea Tribe community, Scheduled Tribes, Scheduled Castes and persons with disabilities who have not yet received the document; the restriction is stated to become absolute for those communities above 18 years from April 1, 2027. The State says the measure is aimed at preventing illegal immigrants from obtaining Aadhaar cards.
    June 13, 2026
    Show AI Summary
    Honorary Doctorate in Law recognition highlights a legal career marked by public service, complex litigation, and professional integrity.
    Advocate Aashutosh Srivastava was conferred an Honorary Doctorate in Law by Washington Digital University, USA, in recognition of his professional dedication, legal service, public-oriented work, and commitment to justice, rights protection, and the rule of law. The article also records his legal career, including his practice since 2006, his firm, appearances before the Supreme Court and High Courts, and his work in complex litigation, economic offences, bail matters, enforcement proceedings, public interest litigation, and RBI-related disputes.
    June 13, 2026
    Show AI Summary
    Money laundering remand under the Prevention of Money Laundering Act granted to trace diversion of loan funds and offshore assets.
    Custodial remand under the Prevention of Money Laundering Act was sought in an alleged diversion-of-loan-funds investigation involving Reliance ADA Group entities, offshore remittances, foreign bank accounts and the layering of funds. The court granted five days' custody to the Enforcement Directorate to enable confrontation with seized emails, electronic records, financial documents and witness statements for tracing the fund trail, identifying the ultimate beneficiaries and locating domestic and overseas assets, while directing arrangements for medical care.
    June 13, 2026
    Show AI Summary
    SEBI enforcement and Aadhaar policy moves dominate a roundup of regulatory, possession, and bail-related legal developments.
    SEBI moved the Supreme Court challenging a Securities Appellate Tribunal order granting relief to managers and a company secretary in the Sahara OFCD matter. The roundup also notes a decision to stop Aadhaar issuance to persons above 18 years of age, fresh bail applications in the 2020 Delhi riots case, and the Centre's physical possession of the Jaipur Polo Ground in Delhi.
    June 13, 2026
    Show AI Summary
    Securities regulatory jurisdiction over debenture issuances and employee liability remains in focus in the SEBI challenge.
    Securities regulatory jurisdiction over optionally fully convertible debentures was affirmed on the basis that the debentures issued by Sahara India Commercial Corporation Ltd. were treated as a public offer rather than a private placement, in view of the large-scale mobilisation of funds from a very large number of investors. The tribunal separately granted relief to four managers and the company secretary, holding that they could not be treated as liable for the company's acts merely by reason of their employment. SEBI has challenged only this part of the ruling before the Supreme Court.
    June 13, 2026
    Show AI Summary
    Strategic divestment and transitional partnership reshape AXISCADES' aerospace engineering business through a two-tranche acquisition structure.
    A strategic divestment programme has been announced for AXISCADES' Aerospace Engineering Services business, under which Akkodis is to acquire a controlling interest in two tranches, beginning with 51% and followed by the balance over the next 24 to 30 months. The transaction covers design, engineering analysis, certification support and lifecycle engineering services, and is subject to customary regulatory and competition law clearances. The parties are to act as strategic partners during the transition, with transitional services for systems, certifications and employee continuity.
    June 13, 2026
    Show AI Summary
    Quality and skilling ecosystem partnership expands certification, testing access and training support for leather and footwear workers.
    Quality Council of India and Footwear Design and Development Institute have entered into a Memorandum of Understanding to strengthen the quality, testing, accreditation and skilling ecosystem in the leather and footwear sector. The collaboration is directed at building a structured framework for capacity building, certification, testing infrastructure development and quality ecosystem support across major footwear clusters, with emphasis on workers, MSMEs, supervisors and other stakeholders in the value chain. The partnership assigns QCI a role in providing technical guidance on accreditation principles, quality management systems and standards, while also supporting awareness initiatives on quality, testing, accreditation and applicable government schemes. FDDI is to lead cluster-specific skilling and training programmes, map testing and calibration laboratories, identify gaps in laboratory access, support sample collection centres and develop knowledge resources.
    June 13, 2026
    Show AI Summary
    Aadhaar issuance restriction targets adult applicants in Assam, with exceptional cases requiring state permission.
    Aadhaar card issuance in Assam is being restricted for persons above 18 years of age to prevent illegal immigrants from obtaining the document. In exceptional cases, a district commissioner may send a proposal to the State government seeking permission for issuance.

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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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