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    RBI tells Par panel that virtual digital assets like cryptocurrency a threat to economy
    From first arrival in 1790 to present - diaspora group traces Indian-American journey
    Meghalaya recorded 32 crore digital transactions in 2025-26: Official
    ED attaches Rs 58-crore assets of wife of Bhushan Steel's ex-promoter
    Power tariffs to remain unchanged in UP for 7th straight year: Govt
    Strict action to be taken against ministers, MLAs involved in corruption: Bihar CM
    Himachal's first-ever export shipment of cherries and plums reaches Oman
    Govt fast-tracks disinvestment process to shore up revenues, garners 31 pc of budget aim in Q1 FY27
    Standard Chartered processes real time remittance payments to India within seconds
    ESDS Software Solution Launches Swaraj Cloud: India’s AI-Autonomous Architect Cloud Platform
    Department of Commerce, Ministry of AYUSH and AYUSHEXCIL Convene Government Industry Brainstorming Session
    MPEDA Concludes Second National Skill Olympiad on Seafood Value Addition at Seafood Expo Bharat 2026
    FAQs on Mandatory Capture of Ship-to Field and Voluntary Closure of E-Way Bill, 2026
    Gross and Net GST revenue collections for the month of June, 2026
    Advisory on Revision of Timeline for Amendment of Aggregate Annual Turnover (AATO), 2026
    ‘Methyl Isocyanate of Law’: SC quashes verdict based on AI-generated precedents
    ED questions CMRL executive director in Exalogic money laundering case
    5.5 lakh Maharashtra students yet to update Aadhaar; minister assures no loss of benefits
    CCI approves acquisition of 100% shareholding of Royal Challengers Sports Pvt Ltd. by a consortium comprising Big Banyan Holdings, Bolt IPL Holdings, ...
    CCI approves acquisition of certain shares in Krazybee Services and Finnovation Tech Solutions Private Ltd. by Mars Equity Dragon Fund VCC
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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.
    Digital financial inclusion in Meghalaya expanded through the JAM framework, Direct Benefit Transfer and Digital Public Infrastructure, with 32.76 crore digital transactions during 2025-26 and nearly 10 lakh Jan Dhan accounts. Officials said about 98 per cent of account holders had adopted at least one digital mode of transaction, and the next phase should focus on financial literacy, cyber resilience and meaningful use of digital financial services, particularly in rural areas.
    July 2, 2026
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    Money laundering attachment of assets linked to alleged fund diversion, off-books sales and bogus capital gains entries
    Attachment of assets under the Prevention of Money Laundering Act in a money laundering case linked to alleged diversion of funds from Bhushan Steel Ltd. The Enforcement Directorate attached land, part of a residential property, equity shares and bank balances standing in the name of Ritu Singal, wife of former promoter Neeraj Singal, through a provisional order valuing the properties at more than Rs 58 crore. The action arose from allegations that funds were diverted under the guise of genuine transactions and that cash generated from the off-the-books sale of zinc ingots was routed into accommodation entries and unaccounted bank deposits.
    July 2, 2026
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    Electricity tariffs remain unchanged in Uttar Pradesh as subsidy support grows and EV charging gets lower solar-hour rates.
    Electricity tariffs in Uttar Pradesh are to remain unchanged across consumer categories for the seventh consecutive year for 2026-27, with a higher tariff subsidy supporting lifeline consumers, rural and urban poor families, private tube well operators and rural metered consumers. Although a regulatory gap was identified, no tariff hike was recommended in view of regulatory surplus and improved financial management. The tariff order also retains the green energy additional tariff and introduces provisions for battery swapping stations, Battery as a Service providers and a lower tariff for EV charging stations during solar hours.
    July 2, 2026
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    Anti-corruption enforcement strengthens vigilance courts, district police stations and witness support under transparency, technology and trust.
    Strict anti-corruption enforcement will be applied against ministers, MLAs and officials found involved in corruption, with a zero-tolerance approach and action by vigilance and economic offences agencies. The state will strengthen corruption control through Transparency, Technology and Trust, establish Special Vigilance Courts, Vigilance Police Stations and Vigilance Outposts, provide transport allowance to witnesses, and promote anti-corruption awareness in schools.
    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.
    Himachal Pradesh's first export consignment of fresh cherries and plums has reached Oman, marking an initial international market entry for the state's horticulture produce. APEDA's regional office ensured compliance with international quality, grading, packaging and phytosanitary standards, while coordinating farmers, farmer producer organisations, cooperatives, exporters, HPMC, state departments and logistics partners. The development is presented as a step toward better returns for farmers and wider market access for horticulturists.
    July 2, 2026
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    Disinvestment and asset monetisation accelerate as the government boosts non-tax revenues and advances major divestment plans.
    The government has accelerated disinvestment and asset monetisation to augment non-tax revenues amid fiscal pressure, raising about 31 per cent of its full-year target in the first quarter through offer for sale transactions and Infrastructure Investment Trust-based monetisation. It plans to strengthen the divestment pipeline further, with Life Insurance Corporation and IDBI Bank identified as major prospective transactions under the miscellaneous capital receipts framework.
    July 2, 2026
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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.
    Cross-border remittance payments to India are being processed through Swift's new retail payments framework with near real-time credit, end-to-end transparency, upfront cost certainty and no hidden foreign exchange deductions. Standard Chartered announced that it processed the first transaction under the scheme, completing the payment end-to-end in 37 seconds and demonstrating that participating banks can send money to India through Swift rails with settlement speed approaching domestic payment systems.
    July 2, 2026
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    Data sovereignty drives the launch of a sovereign cloud platform with built-in compliance, Indian jurisdiction and automated deployment.
    Swaraj Cloud is launched as an AI-autonomous sovereign cloud platform built and operated entirely in India, with servers, storage, networks and workload processing designed to remain under Indian ownership and Indian legal jurisdiction. It is presented as addressing data sovereignty and residency obligations under the DPDP Act, MeitY cloud requirements and RBI cloud guidelines by embedding sovereignty at the infrastructure level. The platform also includes a Prompt-to-Production Solution Generator, compliance mapping, Indian Rupee billing, automated deployment and a broad stack of cloud, AI, security and compliance services.
    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.
    July 2, 2026
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    Seafood value addition skills gain focus as MPEDA promotes training, quality assurance and export-oriented processing excellence.
    MPEDA organised the second National Skill Olympiad on seafood value addition at Seafood Expo Bharat 2026 to promote export-oriented seafood processing skills. The initiative followed 50 training programmes across the east and west coasts, where more than 2,500 workers and professionals were trained in preparing products demanded in international markets. Finalists were assessed on technical skill, hygiene, precision, presentation and product quality, alongside live demonstrations and tasting sessions of value-added seafood products.
    July 2, 2026
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    Mandatory Ship-to GSTIN and voluntary e-Way Bill closure reshape GST compliance, API validations, and delivery recording from August 2026.
    Mandatory capture of Ship-to GSTIN is introduced for Bill-to/Ship-to and combination transactions in e-Way Bill and related e-invoice flows from 1 August 2026, with URP permitted where GSTIN is unavailable. The Ship-to GSTIN is captured only in the backend for verification and audit purposes and is not printed or shared through taxpayer-facing APIs. A voluntary e-Way Bill closure facility is also introduced, allowing closure after delivery by the supplier, recipient, transporter, driver or authorised person, through portal or API, with post-closure actions continuing during the initial stabilisation period.
    July 2, 2026
    Show AI Summary
    GST revenue collections show higher gross and net inflows, with domestic growth, import gains, and refund adjustments detailed.
    Gross and net GST revenue collections for June 2026 were reported with a breakup of domestic revenue, import revenue, refunds, and net revenue. Gross GST revenue rose on a monthly and yearly basis, driven by higher domestic collections and stronger import-side IGST collections, while refunds were separately shown for domestic supplies and export-related refunds through ICEGATE. Net GST revenue was also presented after deducting refunds, and the figures were noted as provisional and subject to finalisation.
    July 2, 2026
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    Aggregate Annual Turnover amendment window revised on the GST Portal for FY 2025-26 with officer review timelines updated.
    Aggregate Annual Turnover (AATO) functionality on the GST Portal is being upgraded to enable automatic updation of AATO as subsequent returns are filed after the amendment window. For FY 2025-26, taxpayers may submit AATO amendment applications from 1 July to 31 July 2026, and jurisdictional Tax Officers will review amended details from 1 August to 15 August 2026. The revised arrangement is intended to improve consistency, accuracy, and uniformity in AATO reporting.
    July 2, 2026
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    AI-generated precedents and judicial integrity: Supreme Court warns against hallucinated citations and demands human oversight in adjudication.
    The Supreme Court stressed zero tolerance against citing, producing, or relying on fake, non-existent, or hallucinated precedents generated through artificial intelligence, and held that such material contaminates adjudication and undermines the sanctity of judicial decision-making. It said counsel commit misconduct by citing unverified AI-generated judgments, and that a judge's reliance on hallucinated material is an equally serious lapse. The Court also called for accountability measures and human oversight in the legitimate use of AI as an aid to adjudication.
    July 2, 2026
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    Money laundering probe over alleged CMRL-Exalogic transactions expands under PMLA amid payments without services and loan defaults.
    Enforcement Directorate questioned the executive director of Cochin Minerals and Rutile Ltd. in a money laundering probe concerning alleged financial transactions between the company and Exalogic Solutions Pvt Ltd. The investigation concerns allegations that CMRL made payments without receiving corresponding services, and that related loan transactions were defaulted, forming the basis for examination of possible proceeds of crime under the Prevention of Money Laundering Act. The case was registered on the basis of a prosecution complaint filed by the Serious Fraud Investigation Office.
    July 2, 2026
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    Aadhaar update drive for students continues as education department says benefits and admissions will not be
    Students in Maharashtra with non-updated Aadhaar records are being covered under an ongoing school-level registration and authentication drive, and the education department has stated that no student is to be deprived of government scheme benefits or educational opportunities because of pending Aadhaar updates. The minister said that around 5.5 lakh students up to 18 years of age had pending Aadhaar updates as of May 2026, but denied that this was affecting school admissions, scholarships, DBT access, examination forms or bank account linking.
    July 2, 2026
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    Competition approval for consortium acquisition of Royal Challengers Sports and its cricket franchise operations
    The Competition Commission of India approved the acquisition of 100% shareholding of Royal Challengers Sports Private Limited by a consortium comprising Big Banyan Holdings, Bolt IPL Holdings, Times Internet, Times Cricket, ICQ Opportunities, Asia Investment Topco II and other investors. The combination involved collective acquisition by the identified acquirers, including newly incorporated investment and sports-related vehicles, and the target's business consists of owning and operating the Royal Challengers Bengaluru franchise and related professional cricket teams.
    July 2, 2026
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    Competition Commission approval for share acquisition in Krazybee Services and Finnovation Tech Solutions by Mars Equity Dragon Fund VCC.
    The Competition Commission of India approved the acquisition of certain shares in Krazybee Services Limited and Finnovation Tech Solutions Private Limited by Mars Equity Dragon Fund VCC. The proposed combination concerns Krazybee, a non-deposit taking non-banking financial institution and middle layer Investment and Credit Company, and Finnovation, the technology company that operates the KreditBee app and provides loan sourcing and payment-service access, including Unified Payments Interface facilities.

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      PMLA / Black Money

      HIGHLIGHTS

      July 8, 2026

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      New Delhi, Jul 8 (PTI) Following are the top stories at 9 PM NATION DEL101 JK-2NDLD ENCOUNTER (8.25 PM)

      LeT terrorist Zakir Ganai killed in multi-day operation in J-K's Shopian Srinagar: A Lashkar-e-Taiba (LeT) terrorist identified as Zakir Ganai was killed in South Kashmir's Shopian district following a relentless six-day operation launched by the Army and other security forces, based on a Jammu and Kashmir Police tip-off, officials said Wednesday.

      DEL111 LD RAM TEMPLE (9.17 PM)

      Donation 'theft': Adityanath defends Ram temple trust; Avinash Shukla named prime accused Ayodhya/Chitrakoot: Uttar Pradesh Chief Minister Yogi Adityanath on Wednesday defended the Ram temple trust saying the SIT probing the alleged donation theft found evidence against only eight out of nearly 150 people engaged in counting offerings, even as police took three accused into custody for further interrogation.

      DEL46 RAHUL-UGC NET (4.18 PM)

      Govt turning blind eye, sleeping soundly despite repeated 'scams' in NEET, NET: Rahul New Delhi: Congress leader Rahul Gandhi on Wednesday attacked the Modi government over alleged irregularities in the UGC-NET exam, saying it continues to turn a blind eye and sleep soundly despite repeated "scams" as years of hard work put in by lakhs of students hold no value for it.

      DEL96 DL-BUILDING-COLLAPSE-TOLL (8.10 PM)

      One dead, 5 to 6 people still feared trapped in Delhi's Rohini building collapse New Delhi: One person died while five to six others are still feared trapped after a three-storey under-construction building collapsed in Delhi's Rohini area on Wednesday, police said.

      DEL56 EDU-NEET-PLAN (4.58 PM)

      2027 NEET-UG plan: Computer-based test to be spread over 6 days across more than 1,000 centres New Delhi: Medical entrance exam NEET-UG, which is set to be conducted as a computer-based test from next year, will be spread over at least six days across more than 1,000 centres, sources said.

      CAL48 WB-MAMATA-DISSIDENTS (8.42 PM)

      Mamata warns dissident TMC leaders: 'Stay with party or join BJP' Kolkata: Former West Bengal chief minister Mamata Banerjee on Wednesday attacked the dissident Trinamool Congress leaders, asking them to either remain with the TMC or openly join the BJP instead of "staying in the middle of the river".

      DEL65 ED-TMC-LD ACCOUNTS FREEZE (5.40 PM)

      ED freezes TMC's Rs 440-cr worth bank deposits under PMLA Kolkata/New Delhi: The Enforcement Directorate (ED) on Wednesday said it has frozen three bank accounts of the Trinamool Congress (TMC), holding deposits worth Rs 440 crore, under the anti-money laundering law following searches in an alleged funds misappropriation case.

      DEL79 SPACE-GAGANYAAN-PARACHUTE-TEST (7.13 PM)

      ISRO successfully conducts critical test on main parachutes for Gaganyaan's crew module New Delhi: The Indian Space Research Organisation (ISRO) successfully conducted a critical test on the main parachutes for the Gaganyaan's crew module.

      DEL91 DFE-DRDO-PINAKA (7.46 PM)

      India conducts successful flight-test of Pinaka Long Range Guided Rocket New Delhi: India on Wednesday conducted a successful flight test of Pinaka Long Range Guided Rocket (LRGR) at the Integrated Test Range, Chandipur in Odisha, officials said.

      BOM32 MH-DOCTORS-2ND LD ASSAULT (6.56 PM)

      Shiv Sena corporator arrested for assaulting doctors at civic hospital; party promises disciplinary action Thane: Shiv Sena corporator Ramesh Mhatre and three of his associates have been arrested for allegedly assaulting doctors and medical staff at a civic-run hospital in Thane district of Maharashtra amid an outrage and political row, forcing the Eknath Shinde-led party to promise disciplinary action.

      BOM23 MH-FARMERS-SUICIDES-MARATHWADA (5.32 PM)

      465 farmer suicides recorded in Marathwada region in first half of 2026 Chhatrapati Sambhajinagar: As many as 465 farmers committed suicide between January and June 2026 in the Marathwada region of central Maharashtra with Chhatrapati Sambhajinagar district reporting the highest cases at 109, an official report said on Wednesday.

      DEL104 2ND LD RAINS (8.36 PM)

      Delhi, Mumbai grapple with monsoon havoc; 16 feared trapped in Pune collapse amid heavy rain New Delhi: Heavy monsoon rains battered large parts of the country on Wednesday, triggering flash floods and widespread disruption to rail and road traffic, with 16 people feared trapped under a collapsed garbage mound in Maharashtra's Pimpri Chinchwad and several parts of Delhi and Mumbai reeling under waterlogging.

      DEL103 CJP-PROTEST-LD DAY 19 (8.32 PM)

      CJP protest enters Day 19; Wangchuk loses over 7 kg, AISA member hospitalised New Delhi: Educator and climate activist Sonam Wangchuk's condition deteriorated further on Wednesday, with doctors reporting that he has lost more than seven kilograms since beginning his indefinite fast 11 days ago.

      LEGAL LGD7 SC-CBSE-GULF COUNTRIES (5.13 PM)

      SC agrees to hear plea filed by CBSE Class XII students from Gulf countries New Delhi: The Supreme Court on Wednesday agreed to hear a plea challenging the CBSE's March 27 assessment scheme for regular students who were affected by the cancellation of Class XII board examination in Gulf countries due to the Iran-US war.

      LGD8 DL-COURT-RIOTS-DELAY (5.20 PM)

      2020 Delhi riots: Court expresses concern over repeated delays in appearance of police witnesses New Delhi: A court here has expressed concern over repeated delays in the appearance of police witnesses and the production of case property in a case related to the 2020 Delhi riots, saying it resulted in wastage of time.

      BUSINESS DEL106 BIZ-INDIA-MALDIVES-INVESTMENTS (8.42 PM)

      India, Maldives conclude talks for investment treaty; legal scrubbing of text on New Delhi: India and the Maldives have concluded negotiations for a bilateral investment treaty (BIT), and the text is undergoing legal scrubbing before the deal is signed.

      FOREIGN FGN41 PM-INDONESIA-LDALL TEMPLE (4.45 PM)

      PM Modi, Prez Prabowo visit Prambanan Temple complex in Yogyakarta; launch conservation project Yogyakarta: Prime Minister Narendra Modi, along with Indonesian President Prabowo Subianto, on Wednesday visited the centuries-old iconic Prambanan Temple complex in Yogyakarta, marking the inauguration of a joint conservation project for this UNESCO World Heritage Site.

      FGN16 US-BISHNOI-LD INDICTMENT (9.59 AM)

      US charges Lawrence Bishnoi, Goldy Brar for Nijjar's killing in Canada in 2023 Washington: The US has charged Lawrence Bishnoi, a gangster imprisoned in India, and his aide Satinderjeet Singh alias Goldy Brar for ordering the assassination of Khalistan separatist Hardeep Singh Nijjar in Canada.

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