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    Gold price tumbles Rs 4,800 to Rs 1.54 lakh/10g, silver drops Rs 5,300
    India's exports hit record USD 863 billion in FY 26 amid West Asia turmoil and US tariffs: Official
    Rs 138 cr fraud of customs duty evasion on walnut import busted in Navi Mumbai; 5 held so far
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    'Minimal space' for new programmes, says CM Vijay-led TN govt
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    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
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June 17, 2026
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Temporary platform restriction and NEET re-test challenge raise access, compliance, and procedural concerns.
Temporary restriction on access to a messaging platform has prompted a challenge before the Delhi High Court, with the restriction reported as being linked to the period before the NEET-UG re-examination. The development raises a compliance and access issue concerning the basis and scope of the government order affecting the platform. Judicial and parliamentary proceedings are also reported on the NEET-UG re-test and on proposed legislation to decriminalise politics, including a Supreme Court hearing on the re-test plea and committee consideration of detention-linked removal from office for serious crimes.
June 17, 2026
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Precious metals prices fall as a strong rupee, weak global trends and caution ahead of US policy decisions weigh on demand.
Gold and silver prices fell sharply in domestic bullion markets amid a strong rupee, weak global trends and subdued investor demand. Traders stayed away from precious metals as equity markets offered higher returns, while analysts linked caution to key US economic events, including the Federal Reserve's monetary policy decision, and to developments ahead of the scheduled US-Iran meeting.
June 17, 2026
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Special Economic Zones drive India's export growth, with Gujarat emerging as a major hub for investment and semiconductor expansion.
India's export sector recorded an all-time high of USD 863 billion in FY 2025-26 despite disruption from the West Asia conflict and US tariffs, driven by engineering goods, petroleum products, electronics, pharmaceuticals, gems and jewellery, and chemicals. Gujarat emerged as a major contributor, and the discussion highlighted the role of Special Economic Zones in investment, employment, innovation, and export expansion, including newly notified semiconductor SEZ projects and a policy focus on promoting additional SEZs.
June 17, 2026
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Customs duty evasion through false origin claims on walnut imports exposed in a SAFTA-linked routing racket.
Customs authorities uncovered a walnut-import duty evasion racket at Nhava Sheva in which consignments were routed through Jebel Ali and falsely shown as originating from Afghanistan to claim preferential tariff benefits under SAFTA. The scheme allegedly used forged transit bills of lading and a fictitious transit trail to support false country-of-origin claims, causing substantial revenue leakage. Five persons have been arrested, searches yielded digital and documentary evidence, and further investigation continues into beneficiaries, facilitators, financial linkages and connected consignments.
June 17, 2026
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Excise duty revenue gap widens as liquor tax remains a major share of own tax revenue.
State excise duty collections are reported to lag behind peer states, with the state recording the lowest absolute collection among the compared jurisdictions. The data shows a smaller excise base and slower growth than the peer states, making the revenue gap a significant part of the overall State Own Tax Revenue position. Excise duties and VAT on liquor together still form a substantial share of own tax revenue, making liquor-related taxation consequential for the state's fiscal position.
June 17, 2026
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Money laundering allegations drive questioning over disputed corporate transactions and alleged proceeds of crime under PMLA.
Money laundering allegations concern transactions between a now-defunct IT firm and a mining company, with the Enforcement Directorate questioning Veena T and seeking documents on the dealings. The inquiry relates to alleged payments by Cochin Minerals and Rutile Ltd. without services in return, and loans extended to Exalogic by another company connected with the same management. The agency has alleged generation of proceeds of crime and registered the matter under the Prevention of Money Laundering Act on the basis of a prosecution complaint filed by the Serious Fraud Investigation Office.
June 17, 2026
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Competition Commission approval for equity subscription in a financial services company through a proposed combination
Competition Commission approval was granted for a proposed combination involving the subscription of certain equity shareholding by Kedaara Pearl Holding and Kedaara Capital Fund IV AIF in Axis Finance Limited. The transaction concerns a minority equity subscription in a financial services enterprise, with the Commission's detailed order stated to follow.
June 17, 2026
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Proposed combination approval for acquisition of asset management and trustees businesses by TVS entities.
Approval of a proposed combination involving acquisition of 100% of the issued, subscribed and paid-up share capital of PGIM India Asset Management Private Limited and PGIM India Trustees Private Limited by TVS Emerald Limited and TVS Venu Management and Consultancy Services Private Limited. TVS Emerald Limited is engaged in real estate development in India, while TVS Venu Management and Consultancy Services Private Limited presently has no business activities. The target entities are engaged in wealth management, including mutual funds, portfolio management services, alternative investment funds and investment advisory services.
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
Show AI Summary
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
Show AI Summary
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.

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Day 3 of CJP sit-in at Delhi's Jantar Mantar: Dipke steps up attack over NEET row

June 22, 2026

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New Delhi, Jun 22 (PTI) The Cockroach Janta Party (CJP) continued its sit-in protest at Jantar Mantar here for a third straight day on Monday, with founder Abhijeet Dipke stepping up his attack on the Centre over alleged examination irregularities and the NEET paper-leak controversy.

The protest, which began on Saturday afternoon, continued through the night, with supporters staying at the venue amid police deployment. Some NEET aspirants who appeared for the re-examination on Sunday have also joined the protest, sharing their experiences and demanding accountability.

Addressing the protesters, Dipke questioned the BJP-led Centre's response to students who were not allowed to appear for the re-exam after they arrived late by a few minutes, saying authorities are "punishing students", while failing to take action over the alleged paper leak.

"You cannot tolerate four minutes of delay, but how can we tolerate the continuation of the education minister after the deaths of students?" he said, referring to their demand for Union Education Minister Dharmendra Pradhan's resignation.

Dipke said Pradhan's resignation is the "bare minimum" and alleged that accountability is missing from the education system. He said students have experienced trauma after preparing again for an examination that was cancelled following allegations of irregularities.

A student from Bihar who joined the protest said, "Mentally, I am not in a good space as we had to prepare for and give the exam again. After the exam, you tend to relax, but they leaked the paper and cancelled the NEET." Students demanded accountability from the minister and reforms in the examination system.

Dipke appealed to people to join the protest and urged Prime Minister Narendra Modi to meet NEET aspirants at Jantar Mantar, saying they want to share their experiences directly with him.

He questioned allegations that the protest is an attempt to provoke young people, saying raising students' concerns cannot be considered provocation. He also criticised politicians over issues of accountability and said leaders should focus on education and students' issues.

Dipke had alleged on Monday that police were preventing students from joining the protest by asking for their Aadhaar cards. The Delhi Police, however, denied the claim, saying it was "factually incorrect" and that the force neither conducted Aadhaar checks nor collected Aadhaar or address details from people at Jantar Mantar.

Members of Left student unions and youth organisations, including the SFI, AISA, AISF and KYS, also took part in the protest. The AISF has set up a library at the venue.

Dipke has demanded Pradhan's resignation, compensation for families of students who allegedly died by suicide following the paper-leak controversy and the cancellation of the examination.

The demonstration is being held under security arrangements, with police personnel deployed and barricades placed around the protest area.

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 RC

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