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    August 22, 2026
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    August 22, 2026
    Canada will impose retaliatory tariffs on US goods beginning Sept 8 as trade negotiations collapse
    August 22, 2026
    Trade war between Canada, US deepens rupture in what had been close and durable alliance
    Show AI Summary
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    August 22, 2026
    Canada will impose retaliatory tariffs on US good beginning Sept 8
    Show AI Summary
    Retaliatory tariffs on United States goods will target key sectors after trade negotiations failed and reciprocal tariff relief was unavailable.
    Retaliatory tariffs on United States goods will take effect from 8 September in response to United States tariffs on Canadian products and unsuccessful negotiations. The dollar-for-dollar measures will cover steel, dairy, appliances, agricultural equipment, pulp and paper, and electronics, with product-specific details to follow. Canada had been willing to remove certain retaliatory tariffs if corresponding United States tariffs were substantially reduced, but considered the final demands unacceptable.
    August 22, 2026
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    Show AI Summary
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    August 22, 2026
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    August 22, 2026
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    Show AI Summary
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    Show AI Summary
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    Show AI Summary
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    August 22, 2026
    CCI imposes monetary and non-monetary sanctions on Agro Input Dealers Association, Agro Input Welfare Association for indulging in anti-competitive conduct
    Show AI Summary
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    Show AI Summary
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    CCI imposes penalty on Rekha Agencies and SS Marketing for indulging in anti-competitive conduct in respect of Himachal Pradesh Tender 2013 for the procurement of tyres
    Show AI Summary
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    August 22, 2026
    US is set to impose 50% tariffs on $20 billion worth of Canadian products
    Show AI Summary
    Import tariffs on Canadian products trigger potential retaliatory levies after bilateral negotiations fail to reach agreement.
    Import tariffs on Canadian products are set to be imposed by the United States at a 50% rate after bilateral negotiations did not produce an agreement. The measures cover products including hockey sticks and tongue depressors and affect a limited share of Canada's annual exports to the United States. Canada has indicated possible retaliatory levies, intensifying the bilateral trade dispute.
    August 21, 2026
    Rupee settles 3 paise higher at 95.71 against US dollar
    Show AI Summary
    Rupee exchange-rate movement reflected geopolitical tensions, crude oil conditions and market intervention, while export payment rules expanded rupee invoicing.
    Foreign Trade Policy amendments facilitate export invoicing and receipt of payments in Indian rupees. For exports to countries outside the Asian Clearing Union, export contracts and invoices may be denominated in Indian rupees or any foreign currency. The earlier general requirement that export earnings be received in a freely convertible currency is thereby eased, while applicable rules continue to vary according to destination.
    August 21, 2026
    29 FDI Investments Worth ₹4,895.65 Crore Reported Under Revised Framework
    Show AI Summary
    Non-controlling land-bordering country ownership permits eligible foreign investment through the automatic route, subject to sectoral conditions and reporting.
    Foreign direct investment may use the automatic route where non-controlling beneficial ownership from a land-bordering country in the investor entity does not exceed 10%, subject to sectoral caps, entry routes and other applicable conditions. The beneficial ownership test applies at the investor-entity level. Eligible investors need not obtain separate prior Government approval after reporting relevant information to the Government. The framework replaces the earlier approval requirement applicable even to minimal beneficial ownership from land-bordering countries.

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      Latur CA booked for issuing certificates to facilitate remittance of hundreds of crores abroad

      August 22, 2026

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      Latur, Aug 22 (PTI) A chartered accountant (CA) from Maharashtra’s Latur district has been booked for allegedly issuing certificates to facilitate the transfer of hundreds of crores of rupees abroad through 16 shell companies, police said on Saturday.

      According to the FIR registered at Udgir City police station on Friday, the alleged transactions took place over a span of four years.

      The alleged crime came to the fore during a survey conducted by the Income Tax Department, said officials.

      During the survey, it was found that accused Shyam Shivprasad Kalani had issued 1,810 certificates (form 15CB under the Income Tax Rules) for the remittance of funds abroad without proper verification.

      Form 15CB is a certificate issued by a CA for certain payments/remittances made to non-residents, certifying the relevant taxability and tax-deduction details before the remittance is made through an authorised dealer (bank).

      The FIR alleges that Kalani issued such certificates without carrying out the required verification of the underlying documents, which facilitated the transfer of hundreds of crores through 16 non-existent companies between April 1, 2022, and March 31, 2026.

      The case has been registered under Bharatiya Nyaya Sanhita sections 318(4), which concerns cheating, 234 (issuing or signing false certificate), 229 (false evidence) and 3(5), which pertains to common intention.

      The case has been transferred to the Economic Offences Wing (EOW) of Latur police. Deputy Superintendent of Police Bhagirathi Pawar of the EOW has been assigned to investigate the case, sources said. PTI COR NR

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