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    July 3, 2026
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    Money laundering investigation allows auction of seized aircraft for investor restitution under anti-money laundering law.
    Enforcement Directorate auctioned a seized business aircraft in a money-laundering investigation arising from alleged investor fraud through a Ponzi scheme. The aircraft was sold after the agency sought permission to dispose of the property under the Prevention of Money Laundering framework and the adjudicating authority allowed the auction. The sale proceeds are stated to be available for restitution to genuine investors in accordance with the Prevention of Money Laundering Act, subject to leave of the Special Court.
    July 3, 2026
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    Foreign exchange reserves decline as gold reserves fall sharply and central bank data shows weaker currency assets.
    India's foreign exchange reserves declined during the reporting week ended June 26, falling by USD 5.654 billion to USD 666.933 billion. The decrease was driven mainly by a sharp fall in gold reserves, which dropped by USD 5.394 billion, while foreign currency assets also edged down. Smaller reductions were recorded in special drawing rights and the reserve position with the IMF. The article notes that earlier reserve gains were followed by weeks of decline as the rupee came under pressure and market intervention involved dollar sales.
    July 3, 2026
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    Startup mentoring and compliance support framework advances ecosystem growth through funding, legal guidance, and market readiness support.
    A structured post-funding mentoring and handholding framework has been announced for the selected startups, covering business, regulatory, financial, legal, investment and technology support. The framework includes specialised mentoring on regulatory and legal compliance, taxation, fund utilisation, fundraising strategy, valuation, term sheet negotiations, data privacy, cybersecurity and intellectual property protection, together with Demo Days and the Sounding Board Programme to improve market readiness, strategic positioning and partnership opportunities.
    July 3, 2026
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    Debt and default threshold shape insolvency admission under the amended framework, alongside new approval and resolution requirements.
    The Insolvency and Bankruptcy (Amendment) Act 2026 is described as requiring debt and default to be established before the National Company Law Tribunal admits a case. The amended framework also alters security interest creation, restructures insolvency administration, requires CCI approval before submission of a resolution plan, and requires the committee of creditors to record reasons while approving a plan. Certain features, including cross-border insolvency and CIIRP, are stated to be not yet in force.
    July 3, 2026
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    Rupee appreciation reflects weaker dollar index, even as importer demand and foreign outflows keep pressure on the currency.
    The rupee appreciated against the US dollar in interbank foreign exchange trade, supported by a weaker dollar index and gains in domestic equities, but remained under pressure from dollar demand by importers and corporate hedgers. It moved within a narrow range before closing stronger at 95.21 against the US dollar, while market commentary noted Reserve Bank of India dollar buying to rebuild foreign exchange reserves and continued foreign investor selling in Indian equities.
    July 3, 2026
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    Desalination project for Mumbai's water supply advances with limited tariff increase and key approvals secured.
    Mumbai's first desalination project has moved ahead with a work order issued and key approvals secured to strengthen the city's drinking water supply. The project, undertaken for the Brihanmumbai Municipal Corporation by an expert firm, is intended to meet rising demand through an alternative source as existing dam-based supplies become insufficient. The government says the tariff impact will be limited, while remaining statutory clearances are still being processed.
    July 3, 2026
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    Totapuri mango price crash prompts review of value chain, farmer incomes, processing capacity and export bottlenecks.
    A high-level committee under the Indian Council of Agricultural Research has been constituted to study the sharp fall in Totapuri mango prices in Andhra Pradesh and the distress caused to growers. The panel will review the Totapuri mango value chain across cultivation, processing, marketing, domestic trade and exports, examine cultivation costs, farmer incomes, processing capacity utilisation, demand-supply trends, and the causes of the price decline in domestic and export markets, and identify bottlenecks and opportunities across the sector.
    July 3, 2026
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    CAG audit of private discoms raises legality questions over regulatory assets and tariff recovery framework.
    A dispute concerns the legal permissibility of the Delhi Electricity Regulatory Commission's initiation of a CAG audit of three private distribution companies in relation to accumulated regulatory assets recoverable through future tariffs. The matter arises from competing views on whether the audit could be entrusted to the Comptroller and Auditor General or whether the statutory framework required appointment of an independent chartered accountant instead. The proceedings also involve the broader issue of accumulation and liquidation of regulatory assets, with the status of the audit and related steps remaining under judicial consideration.
    July 3, 2026
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    Rupee pressure persists despite weaker dollar and crude, as import demand and reserve rebuilding limit gains.
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    July 2, 2026
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    Virtual digital assets face regulatory resistance as the central bank warns of illegal use, tracking challenges, and economy-wide risks.
    Virtual digital assets, including cryptocurrency, were described as posing risks to an emerging economy because of potential misuse for illegal activity, difficulty in tracking offshore entities, and broader regulatory challenges. The Reserve Bank of India stated that such assets should not be legalised in India at this stage. The Institute of Chartered Accountants of India supported a comprehensive VDA law and proposed guidance on recognition, measurement, presentation, disclosure, financial reporting, and compliance frameworks.
    July 2, 2026
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    Indian-American diaspora contributions are traced through a curated history spanning migration, science, politics, business, and culture.
    Indian-American diaspora history and contributions are traced through a curated project covering 250 defining moments across 15 categories of American life. The selection is described as research-based and externally reviewed, but not comprehensive. It highlights milestones in migration, citizenship, medicine, politics, corporate leadership, entrepreneurship, yoga, science, and cuisine, illustrating the community's growing influence in the American story.
    July 2, 2026
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    Digital financial inclusion in Meghalaya expands through Jan Dhan accounts, digital transactions, and a stronger focus on cyber resilience.
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    Money laundering attachment of assets linked to alleged fund diversion, off-books sales and bogus capital gains entries
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    July 2, 2026
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    Export quality standards support Himachal Pradesh's first cherry and plum shipment reaching Oman, widening horticulture market access.
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    Cross-border remittance payments gain near real-time speed as Swift's retail framework enables faster, more transparent transfers to India.
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    Data sovereignty drives the launch of a sovereign cloud platform with built-in compliance, Indian jurisdiction and automated deployment.
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    July 2, 2026
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    Global competitiveness of the AYUSH sector gains focus through quality assurance, branding, exports and international collaboration.
    Government-industry stakeholders reviewed strategies to strengthen the global competitiveness of the AYUSH sector through innovation, quality assurance, branding, exports and international collaboration. The discussions covered export facilitation, scientific validation, WHO-GMP compliance, the Ayush Quality Mark, regulatory and market access challenges, and the need to expand global recognition for Indian AYUSH products and services. The session emphasised capacity building, international outreach, and alignment of Indian standards with international benchmarks.

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      Corp. Laws / SEBI / IBC

      Day 3 of CJP sit-in at Jantar Mantar: Dipke steps up attack over NEET row; protesters stay put

      June 22, 2026

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      New Delhi, Jun 22 (PTI) The Cockroach Janta Party (CJP) continued its sit-in protest at Delhi's Jantar Mantar for the third consecutive day on Monday, with founder Abhijeet Dipke stepping up his attack on the Centre over alleged examination irregularities and the NEET paper-leak controversy, as the protesters vowed to carry on their agitation until Education Minister Dharmendra Pradhan resigns.

      The protest, which began on Saturday afternoon, continued through Sunday, with supporters staying at the venue amid police deployment. Dipke said on Monday that despite it being a working day, the protest site remained crowded and asserted that the demonstration would continue through the night.

      "Day 3 at Jantar Mantar! Despite it being Monday, Jantar Mantar is full. The protest will continue tonight as well. We are not going to leave until Dharmendra Pradhan resigns," he said in a post on X, sharing pictures from the protest site.

      Candles were lit at the venue in memory of students who allegedly died by suicide following the paper-leak controversy. Earlier, Dipke had alleged that police were not allowing candles at the protest site, but the activity was permitted later.

      Addressing the protesters, Dipke questioned the response given to the students who were not allowed to take the NEET re-test after they reached the examination centres late by a few minutes, saying authorities are "punishing students", while failing to act against those allegedly involved in the 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 asked.

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

      Some NEET aspirants who appeared for the re-test on Sunday also joined the protest and shared their experiences.

      A student from Bihar who participated in the demonstration 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 at the protest demanded accountability from Pradhan and reforms in the examination system. Dipke also appealed to people to join the agitation 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 political leaders over issues of accountability and said focus should remain on education and student-related issues.

      Dipke had on Monday alleged 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 participated in the protest. The AISF has set up a free library at the protest site as part of its "Fight for Education with Education" initiative.

      The library, created with nearly 100 books contributed by students, supporters and parents from their personal collections, has become a feature of the protest site. Protesters were seen browsing books on subjects, such as history, law, anthropology, biographies and civil rights.

      AISF member Devang Aniket said the initiative reflects the nature of the protest. "As part of our Fight for Education with Education initiative, we have set up a library at the protest site. It shows how different this protest is from other protests," he said.

      Protesters said literacy and awareness are important tools to challenge what they described as a flawed education system.

      Alongside slogans and speeches, several personal stories emerged from the protest site. Three friends from Uttarakhand travelled to Delhi to join the agitation and said they had not informed their parents about their plan.

      "We told our parents that we were going to Delhi for an interview. We stood for hours in the general compartment of a train to reach here. We plan to stay until the protest ends," said 24-year-old Manpreet Singh.

      Saurabh from Vrindavan in Uttar Pradesh, who had participated in the earlier phase of the agitation on June 6, returned to Delhi again on June 20. He said he initially expected the protest to last only a day and arrived unprepared.

      "I thought the protest would last only a day, so I came unprepared. I ended up wearing the same T-shirt for two days before someone at the site gave me a fresh one," he said.

      Saurabh said he has been volunteering at the protest site by helping distribute food and water among demonstrators and would remain there until their demands are met.

      Among those present was 35-year-old Babita Anjali from Odisha, who is battling liver cancer. She attended the protest with her 13-year-old son and medical equipment.

      "I am a mother and I cannot begin to imagine the pain that the parents of the students who died by suicide must have gone through. I have come here for my own child. Every student in this country is like my own child," she said.

      The demonstration continued 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 SGV COR RC

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