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    J-K parties oppose hike in power tarrif
    IAS officer Gangwar not ‘missing’, away in UP over father’s health: Karnataka minister
    J-K Dy CM terms ED case against his brother 'selective targeting'
    T'gana HC CJ calls for timely, expert dispute resolution in telecom, broadcasting, airport sectors
    Latur CA booked for issuing certificates to facilitate remittance of hundreds of crores abroad
    Stock Market for Beginners: How to Start Investing Without Feeling Overwhelmed
    CGST Zone detects clandestine pan masala, tobacco unit, detects tax evasion of Rs 160 cr
    Korea Industry Expo (KoINDEX) 2026 Opens at Yashobhoomi on 27 August
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    29 FDI Investments Worth ₹4,895.65 Crore Reported Under Revised Framework
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    DGGI unearths clandestine pan masala and tobacco manufacturing network in Uttar Pradesh; 27 undeclared pouch-packing machines seized, evasion of about...
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August 22, 2026
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Power tariff revision faces political opposition over increased consumer electricity costs and conflict with prior free-electricity commitments.
Power tariff regulation in Jammu and Kashmir and Ladakh has been revised through approval of an average tariff increase, effective from 1 September 2026. Political representatives have opposed the increase on the ground that it adds to consumer hardship amid unemployment, inflation, and sectoral difficulties. The criticism also contrasts the revised tariff with prior commitments concerning free domestic electricity and gas.
August 22, 2026
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Recruitment examination integrity prompted enforcement scrutiny and proposed disciplinary inquiry, while an officer's absence was attributed to family emergency.
Reported absence of an IAS officer was attributed to a family medical emergency and a pending leave request, rather than enforcement searches concerning an alleged recruitment-examination scam. The officer denied any connection with those searches and expressed willingness to face an inquiry. Enforcement searches at the Karnataka Public Service Commission concerned a money-laundering investigation into alleged recruitment irregularities. The State Cabinet decided to advise suspension of the commission chairperson and initiation of an inquiry after an earlier suspension was set aside for lacking the Cabinet's aid and advice.
August 22, 2026
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Money-laundering and benami asset allegations prompt enforcement proceedings, while the accused officer's brother calls the action selective targeting.
Enforcement proceedings under the Prevention of Money Laundering Act concern allegations that suspended police officer Vijay Choudhary managed numerous assets through benami transactions and engaged in money laundering. An Anti-Corruption Bureau FIR had already been registered in relation to the allegations. Surinder Choudhary characterised the action as selective targeting but maintained that investigating agencies and the judiciary should address and decide matters concerning his family.
August 22, 2026
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Specialised dispute resolution requires technical expertise, timely proceedings, mediation support, and human oversight to safeguard natural justice.
Specialised, timely and effective dispute-resolution mechanisms are necessary for technically complex disputes in telecom, broadcasting, airport tariffs and cyber sectors. Technology may assist legal reasoning but cannot replace judicial reasoning, requiring verification, professional responsibility and meaningful human oversight. Effective specialised adjudication should combine domain expertise with judicial discipline, respond to technical complexity, and protect natural justice, transparency and reasoned decision-making. Mediation and other consensual mechanisms can support dispute resolution.
August 22, 2026
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Form 15CB certification faces scrutiny where inadequate verification allegedly enables foreign remittances through shell companies and false certificates.
Alleged misuse of Form 15CB certification has resulted in criminal proceedings concerning certificates issued for foreign remittances without verification of underlying documents. Form 15CB requires certification of applicable taxability and tax-deduction particulars for specified remittances to non-residents before processing by an authorised dealer. The allegations concern certificates that potentially enabled cross-border transfers through shell or non-existent companies, involving cheating, false certification, false evidence and common intention.
August 22, 2026
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Beginner stock market investing requires regulated accounts, risk-aware financial planning, diversification and informed company assessment before purchasing securities.
Beginner stock market investing requires a bank account, a trading or broking account with a SEBI-registered broker, and a Demat account for electronic holding of securities. Investments involve risk of loss and should align with financial goals, time horizon and loss-bearing capacity. Investors should understand primary and secondary markets, distinguish long-term investing from short-term trading, assess companies before purchase, diversify holdings, consider charges, maintain records and avoid borrowed-money investing, rumours and momentum-driven decisions.
August 22, 2026
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Capacity-based tobacco taxation targets undeclared packing machinery used for clandestine production and clearance without indirect tax payment.
Clandestine manufacture and clearance of pan masala, scented jarda and tobacco products without registration or payment of GST, HSNS Cess and central excise duty was detected through an intelligence-led search. Undeclared Form-Fill-Seal packing machines, workers, finished goods, raw materials, transport vehicles, packing materials and records indicated unaccounted production and clearance. Capacity-based monthly HSNS Cess for pan masala is computed according to the number, type and capacity of installed packing machines, while a corresponding capacity-based central excise levy applies to chewing tobacco, jarda and gutkha.
August 22, 2026
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Trade exhibition connects Korean exporters with Indian buyers through sector-specific consultations and certification guidance for market entry.
KoINDEX 2026 is a business-to-business trade exhibition bringing Korean manufacturers and exporters together with buyers in India and South Asia. It focuses on beauty and personal-care products, processed and functional foods, and construction, building and safety products. Commercial engagement includes pre-matched export consultations with project owners, contractors, distributors, wholesalers, e-commerce platforms and food distribution businesses. A seminar addresses Bureau of Indian Standards certification and market-entry requirements for Korean products entering the Indian market.
August 22, 2026
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Independent PMLA proceedings require separate anticipatory bail assessment; predicate-offence protection alone cannot establish pre-arrest protection.
Protection in a predicate-offence FIR does not automatically extend to independent PMLA proceedings. Anticipatory bail in a money-laundering investigation must be assessed under the applicable PMLA condition and on the material connecting the applicant to alleged proceeds of crime. Relevant considerations include the financial trail, recorded statements, bank-account analysis, compliance with summonses, cooperation with inquiry, and the need for personal participation in evidence collection and confrontation with documentary and digital material.
August 22, 2026
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Financial accessibility for Divyangjans requires compliance standards, practical implementation measures and stronger institutional capacity across financial services.
Accessibility of financial services for Divyangjans was examined through a workshop focused on public sector banks, insurance companies, regulators and public financial institutions. Discussions covered accessibility standards, compliance requirements, legal provisions, practical implementation challenges and institutional best practices under the Sugamya Bharat initiative. Participants considered operational measures to strengthen institutional capacity, inclusivity and equitable access to financial services.
August 22, 2026
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Audit quality enhancement for small and medium auditors emphasises technology, global standards, inspection insights and stronger financial reporting.
Audit quality and financial reporting reliability were the focus of NFRA's outreach programme for small and medium audit firms. The programme promoted professional capacity-building, alignment with contemporary global standards, adoption of appropriate audit technology, and the public-interest role of the accountancy profession. Technical sessions covered audit strategy documentation, risks of material misstatement, and practical lessons from audit-firm oversight to support improved day-to-day audit practice and high-quality financial reporting.
August 22, 2026
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Cartelisation by agro-input dealer associations attracted monetary sanctions, cease-and-desist directions, and mandatory competition-compliance training for responsible officials.
Cartelisation by the two agro-input dealer associations and named individuals contravened Section 3(3)(b) read with Section 3(1) of the Competition Act, 2002. Monetary sanctions were imposed, and association office-bearers were held liable under Section 48. The parties and liable officials were directed to cease and desist from future anti-competitive conduct and to organise competition-compliance training to promote awareness and compliance within the associations.
August 22, 2026
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Circular economy partnerships promote resilient value chains, resource efficiency and sustainable growth alongside evolving India-EU trade integration.
India-Finland circular economy cooperation is being developed through business, technology, investment and commercial partnerships supporting resource-efficient and sustainable growth. Discussions focused on competitive and resilient value chains based on circularity, traceability, resource efficiency and sustainable business practices. Circular economy principles extend beyond waste management into product design, value chains, resource use, skills development and new business models. The India-EU free trade agreement remains subject to legal review and formal ratification and is not yet in force.
August 22, 2026
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Bid rigging through pre-bid exchange of sensitive price information attracted penalties and cease-and-desist directions in tyre procurement.
Bid rigging in tyre procurement was established where Rekha Agencies and SS Marketing exchanged commercially sensitive price-bid information before submitting bids for the Himachal Pradesh Tender 2013. The concerted conduct contravened the prohibition on anti-competitive agreements and bid rigging. Monetary penalties and cease-and-desist directions were imposed on both enterprises. An official of Rekha Agencies was also penalised for liability arising from the contravention, while proceedings against the official of SS Marketing stood abated following his death.
August 22, 2026
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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
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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
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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.
August 21, 2026
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Climate-resilient urban water security modernises Chennai's supply and sanitation systems through ring-main infrastructure, digital monitoring, and safer sewer operations.
Chennai Climate-Resilient Water Security and Sewerage Project modernises and expands water supply and sanitation infrastructure through a loan arrangement between the Government of India and the Asian Development Bank. Measures include new pipelines, upgraded pumping stations, performance-based utility operations, and a comprehensive ring-main system to improve water-pressure balance, distribution efficiency, reliability and climate resilience. Digital monitoring and advanced blockage-detection technology are intended to improve operational decisions, customer responsiveness and worker safety while eliminating hazardous manual sewer inspections.
August 21, 2026
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Capacity-based taxation targets undeclared pouch-packing machinery used for clandestine pan masala and tobacco production and untaxed clearances.
Capacity-based taxation of pan masala and specified tobacco products is determined by the number, type and capacity of installed pouch-packing machines. Searches at interconnected manufacturing and trading premises detected unregistered operations using undeclared machinery for clandestine manufacture and clearance of pan masala, scented jarda and gutkha without payment of GST, HSNS cess and central excise duty. Finished goods, raw materials, packing materials and machinery were seized. The manufacturing firm's proprietor was prima facie identified as managing the operation and was arrested under the applicable cess and central excise laws.
August 21, 2026
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Technology risk oversight requires Urban Co-operative Banks to retain accountability while building shared and role-specific capabilities.
Urban Co-operative Banks must strengthen digital and risk-management capabilities as technology dependence exposes them to cyber threats, fraud, service-provider failures and common-platform vulnerabilities. Outsourcing critical systems does not transfer the bank's responsibility for oversight, safeguards and continuity. Boards and senior management must retain sufficient knowledge to supervise external providers effectively. Mission SAKSHAM supports role-specific, continuous capability building through physical and online learning, while collective infrastructure and shared expertise can supplement individual institutional capacity.

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Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman will embark on official visit to Canada and USA from 25th August to 2nd September 2026.

August 24, 2026

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Union Finance Minister Smt. Sitharaman and Canadian Minister of Finance and National Revenue H.E. Mr. François-Philippe Champagne to participate in inaugural Economic and Financial Dialogue between the two countries

FM Smt. Sitharaman will participate in Roundtable discussions with leading investors, businesses and financial sector representatives, besides one-on-one high-level interaction with private sector during the visit to Canada and USA

Union Finance Minister will lead the Indian delegation at G20 FMCBG meeting under the US G20 Presidency

Union Finance Minister will also interact with Indian communities based in Toronto and Chicago to strengthen people-to-people and economic linkages

Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman will later undertake an official visit to Canada and the United States of America from 25th August to 2nd September 2026, with a focus on strengthening bilateral economic and financial partnerships, deepening investment linkages and advancing cooperation on shared global economic priorities.

During her visit to Toronto, Canada, Smt. Sitharaman will participate in the inaugural Economic and Financial Dialogue with H.E. Mr. François-Philippe Champagne, Minister of Finance and National Revenue of Canada. The Dialogue will provide an important platform for both sides to exchange views on macroeconomic developments, financial sector cooperation, bilateral investment opportunities and shared international priorities, and to further strengthen the economic and financial pillar of the renewed India-Canada partnership.

Bilateral discussions in recent months have also focused on opportunities in areas including energy, critical minerals, technology, innovation and resilient supply chains, alongside ongoing efforts towards a Comprehensive Economic Partnership Agreement (CEPA).

Smt. Sitharaman will participate in an Investment Roundtable with leading CEOs, Presidents and senior representatives, chief among them are from the energy, artificial intelligence and critical minerals sectors. The interaction will seek to facilitate greater business-to-business linkages, identify investment opportunities and promote long-term commercial partnerships between India and Canada, including opportunities in GIFT City-IFSC.

In another Business Roundtable, the Union Finance Minister will engage with senior business leaders on opportunities for Canada-India cooperation, long-term investment and growth of the financial sector. Senior Managing Directors and Chief Executive Officers of Indian Public Sector Banks will also participate in the discussions, providing an opportunity to explore avenues for greater financial-sector collaboration and investment linkages.

The Canadian Club of Toronto, in partnership with the Canada-India Business Council, will host a fireside conversation between Smt. Sitharaman and H.E. Mr. Champagne on advancing shared economic interests between the two countries. The discussion will cover the renewed Canada-India bilateral relationship, the investment climate, domestic economic priorities and the evolution and future trajectory of India-Canada economic and financial relations.

Smt. Sitharaman will also hold one-to-one meetings with CEOs and senior leadership of companies based in Canada, with discussions expected to focus on investment opportunities, India's growth prospects and avenues for expanding the presence of Canadian businesses in India.

The Union Finance Minister will also participate in an interaction with the Indian diaspora in Toronto, providing an opportunity to engage with the Indian community and acknowledge its important role in strengthening people-to-people and economic linkages between India and Canada.

During the United States leg of the visit, Smt. Sitharaman will travel to Chicago, Asheville and New York from 28th August to 2nd September 2026.

In Chicago, Smt. Sitharaman will participate in an Roundtable Conference with prominent investors and engage with leading CEOs, Presidents and senior representatives of the private sector. Bilateral one-to-one meetings with CEOs and senior leadership of select companies in Chicago will also be held. The discussions will focus on India's investment opportunities, economic outlook and areas for strengthening business and investment partnerships between India and the United States.

Smt. Sitharaman will also visit the Polsky Center for Entrepreneurship and Innovation at the University of Chicago, where she will exchange perspectives on entrepreneurship, innovation, technology commercialisation and strengthening linkages with India's rapidly expanding startup and innovation ecosystem.

The Union Finance Minister will also interact with members of the Indian community in Chicago during her visit.

In Asheville, North Carolina, Smt. Sitharaman will lead the Indian delegation at the G20 Finance Ministers and Central Bank Governors (FMCBG) Meeting under the United States Presidency of the G20. The meeting, scheduled for 31st August and 1st September, will bring together Finance Ministers, Central Bank Governors and senior economic officials from G20 members to deliberate on key global economic and financial issues. The meeting follows the G20 Finance and Central Bank Deputies Meeting scheduled for 29th and 30th August.

India's participation in the G20 Finance Track provides an important platform to contribute to discussions on global economic growth and stability, international financial cooperation and other issues of significance to emerging and advanced economies. The engagement will also provide an opportunity for India to advance its perspectives on contemporary global economic challenges and strengthen cooperation with G20 partners.

In New York, Smt. Sitharaman will participate in an Investor Roundtable with CEOs and senior representatives of leading New York-based companies. She will also hold one-to-one meetings with senior executives and CEOs from the financial sector to discuss investment opportunities, India's economic and financial landscape, and avenues for strengthening financial and institutional linkages between India and the United States.

During her visit to New York, NASDAQ — a pioneering global electronic marketplace and one of the world's leading technology-driven financial market platforms — will host Smt. Sitharaman in the bell-ringing ceremony. The visit will provide an opportunity to gain insights into developments in technology-driven financial markets and the evolving interface between technology and capital markets.

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