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August 11, 2026
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GST inquiry closure bribery allegations prompted anti-corruption proceedings against a Sales Tax officer under corruption law.
Alleged bribery in GST inquiry closure led to the arrest of a Sales Tax Assistant Commissioner after a scrap trader complained of a demand for illegal gratification to close an inquiry initiated through a GST show-cause notice. Anti-corruption officials reportedly verified the allegation through intermediaries, during which the officer allegedly agreed to accept payment for closing the matter. A criminal case was registered under the Prevention of Corruption Act, with further investigation ongoing.
August 11, 2026
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Direct tax collection growth reflected stronger non-corporate taxes and securities transaction tax receipts alongside slower refund issuances.
Net direct tax collections increased by 23 per cent to over Rs 8.11 lakh crore through August 10, driven by higher non-corporate tax collections and slower refund growth. Gross direct tax collections grew by 19.75 per cent to about Rs 9.55 lakh crore. Net corporate tax collections rose about 20 per cent, net non-corporate tax collections rose 23 per cent, and Securities Transaction Tax collections increased 51 per cent. Refund issuances grew by 3.8 per cent year-on-year.
August 11, 2026
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Vicarious liability in cheque dishonour cases cannot attach to trust associates without statutory status or transaction-specific involvement.
Vicarious criminal liability for cheque dishonour under section 141 of the Negotiable Instruments Act does not extend to a trust, because a trust is not a juristic person. A person cannot be summoned merely for alleged active involvement in a trust where the person was neither drawer nor signatory of the cheques, trustee, office-bearer, authorised account operator, guarantor, or executor of transaction documents.
August 11, 2026
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Cross-border payment integration through CBDCs and fast payment systems remains under BRICS discussion to reduce transfer costs.
Cross-border payment integration is under discussion through potential linkages between central bank digital currencies and fast payment systems, including UPI-type platforms. These approaches seek faster and less costly trade and remittance transfers, particularly retail payments, but remain at a discussion stage. Rupee internationalisation is also being pursued through central-bank memorandums of understanding for bilateral trade settlement in local currencies, with existing arrangements covering Indonesia, Maldives, Mauritius and the UAE.
August 11, 2026
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Integrated infrastructure planning under PM GatiShakti coordinates project evaluation, multimodal connectivity, geospatial data use, and decentralized implementation.
PM GatiShakti National Master Plan provides an integrated, data-driven infrastructure planning framework using geospatial data, satellite imagery and API integration. Project approval, implementation and funding remain with the respective Central Ministries, Departments and States or Union Territories under their own plans and budgetary provisions; the framework sets no separate budgetary allocation or quantified targets. The Network Planning Group evaluates critical Central Government projects at the planning stage for multimodality, synchronisation, last-mile connectivity, comprehensive local development and coordinated decision-making.
August 11, 2026
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MSME procurement through GeM has expanded alongside analytics-driven controls against suspicious bidding, collusion, and vendor misconduct.
GeM uses AI/ML analytics to detect order splitting, suspicious bidding, abnormal pricing, repeated participation and potential buyer-seller collusion. Flagged cases are placed before buyer organisations for review and action, while suspected cartels are assessed through digital-footprint, pricing and bid-timing indicators. Its Incident Management framework addresses false documents, fraud, collusive behaviour and other misconduct through administrative measures, including suspension. Anti-competitive conduct and cartel formation are Severe/Grave deviations, with proven cases attracting suspension for up to 365 days.
August 11, 2026
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Direct tax collections show stronger corporate, non-corporate and securities transaction tax receipts, alongside increased refunds during the fiscal period.
Net direct tax collections grew by 23.09 per cent to over Rs 8.11 lakh crore up to August 10 of the current fiscal year, while gross direct tax collections increased by 19.75 per cent to about Rs 9.55 lakh crore. Corporate tax, non-corporate tax including personal income tax, and Securities Transaction Tax receipts recorded growth. Refunds issued between April 1 and August 10 also rose over the corresponding earlier period. Direct tax collections are budgeted at Rs 26.97 lakh crore for the fiscal year.
August 11, 2026
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Mobile food testing laboratory accreditation expands quality-assured testing access and supports coordinated food-safety surveillance and regulatory efficiency.
NABL has launched an Accreditation Scheme for Mobile Food Testing Laboratories under the Integrated Assessment Programme. The framework enables mobile laboratories to provide reliable, quality-assured and internationally benchmarked food-testing services closer to communities, extending accredited testing beyond conventional laboratory settings. It is intended to strengthen food-safety surveillance, improve access to quality testing, support faster regulatory intervention and enhance consumer confidence. Coordinated assessments, regulatory harmonisation and mutual recognition are also intended to reduce duplication and improve regulatory efficiency while maintaining quality and compliance standards.
August 11, 2026
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Digital public procurement will expand AI-led price intelligence, marketplace integrity, inclusive access, credit linkages and sustainable purchasing.
Government e-Marketplace is advancing an AI-enabled public procurement ecosystem focused on efficiency, transparency, competition, price intelligence and marketplace integrity. Priorities include last-mile access through Suvidha Kendras, integration of public entities, credit linkages, sustainable procurement and university outreach. A nationwide five-digit Helpdesk short code, 14550, mapped to existing infrastructure, is intended to maintain service continuity and improve access to support and official communications. The platform seeks to provide enterprises with a more accessible and predictable procurement market and buyers with a data-driven procurement experience.
August 11, 2026
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Expedited flood insurance claims require insurers and partners to simplify documentation and provide immediate service to affected policyholders.
Expedited insurance-claim handling for flood-affected policyholders in Assam is being pursued through simplified documentation, prompt settlement and immediate service response. PolicyBazaar is coordinating with insurer partners to reduce processing delays. The Insurance Regulatory and Development Authority of India has directed insurers, including life insurers and standalone health insurers, to mobilise resources for immediate assistance, alongside governmental efforts for expeditious and hassle-free claim disposal.
August 11, 2026
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Money laundering investigation in alleged liquor scam leads to arrest and proposed custodial-remand proceedings under anti-money-laundering law.
Money laundering investigation concerning an alleged liquor scam in Chhattisgarh led to the arrest of Congress leader Ramgopal Agrawal under the Prevention of Money Laundering Act. Custodial remand is to be sought for interrogation. The allegations concern an alleged syndicate that purportedly controlled the state excise department, enabled illegal liquor sales and distributed resulting commissions. Chargesheets name political figures, excise officials and officials associated with the Chief Minister's Office.
August 11, 2026
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Money-laundering investigation into an alleged liquor scam leads to arrest and proposed custodial interrogation under the prevention law.
Money-laundering investigation under the Prevention of Money Laundering Act concerns an alleged liquor scam in Chhattisgarh. A former state political party treasurer has been arrested for alleged involvement and is to be produced before a local court for a request for custodial interrogation. The alleged scheme is stated to have involved control of the state excise department by a criminal syndicate, with multiple accused named in six chargesheets.
August 11, 2026
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Immediate FIR registration for every missing person is mandatory, with missing children treated as suspected kidnapping or abduction cases.
Immediate FIR registration is required whenever information is received that any person is missing, irrespective of age or gender, without preliminary inquiry. Missing-person FIRs must include relevant provisions concerning kidnapping and trafficking. A missing child must be treated from the outset as a suspected case of kidnapping or abduction. States and Union Territories may face contempt action for non-compliance. Traced children should ordinarily be restored to their families within 24 hours unless trafficking or exploitation by the family is suspected.
August 11, 2026
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Money-laundering investigation targets alleged chit-fund collections, investor-fund diversion, concealed deposits, and irregular land transactions.
Money-laundering investigation into an alleged multi-state chit-fund scheme involved searches at premises linked to Wellfare Buildings and Estates Pvt Ltd and its directors, seizure of cash, vehicles, property-related records and digital devices, and freezing of bank accounts. The alleged scheme concerns unauthorised public-fund collection through land-allotment schemes, followed by closure of operations. Allegations include diversion of investor funds, manipulation of financial statements to conceal deposits, and irregular land transactions intended to suppress actual consideration and evade statutory obligations.
August 11, 2026
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Rupee exchange-rate pressure intensified as crude oil, regional uncertainty and weaker equities constrained the local currency in early trade.
Foreign-exchange market conditions placed the rupee under pressure against the US dollar amid West Asia uncertainty, higher crude oil prices, and weaker domestic equity markets. Foreign institutional investor inflows and Reserve Bank of India intervention supported the rupee and limited further depreciation. Reported dollar sales through state-run banks helped contain downside pressure despite rising Brent crude prices and uncertainty concerning the Strait of Hormuz.
August 10, 2026
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GST refund facilitation expands provisional input tax credit refunds and removes the minimum threshold for export-related IGST refunds.
Punjab's GST amendments facilitate voluntary compliance and reduce procedural burdens by allowing a 90 per cent provisional input tax credit refund in inverted duty structure cases and removing the minimum threshold for IGST refunds on exported goods. Additional measures cap annual fee increases by private unaided educational institutions, establish digital open universities for technology-enabled higher education, protect trees and green cover, and address common infrastructure, panchayati raj, and contractual engagement of outsourced State personnel.
August 10, 2026
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Video-conference statements for an approver application were declined, requiring the accused's statement to be recorded before consideration.
Special CBI Court rejected an accused's request to record her statement through video conferencing in a bank-fraud prosecution. The accused had sought to become an approver, and her statement was required to be recorded before consideration of that application. She and her husband had previously become approvers in a related money-laundering matter involving alleged fraudulent Letters of Undertaking.
August 10, 2026
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Fuel price transparency highlights allegations over excise duty, consumer retail costs, and profit disclosures by state-run oil marketing companies.
Fuel pricing, central excise duty and profits of state-run oil marketing companies are examined through allegations that retail fuel prices and tax policy imposed excessive costs on consumers while generating substantial company profits. The criticism contrasts high crude-price periods with lower retail prices and lower excise duty against a later period in which reduced crude prices were allegedly not passed through to consumers. Profit-margin disclosure is also raised as a transparency issue, with parliamentary information described as covering oil prices, global crude prices and company profits.
August 10, 2026
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Discharge in money-laundering proceedings turns on whether pre-charge material sufficiently establishes the alleged offence.
Discharge in a money-laundering prosecution was sought before a special PMLA court concerning alleged siphoning and laundering of loans advanced to Jet Airways by Canara Bank. The prosecution was directed to respond, subject to the applicant not seeking adjournment. Discharge is available after filing of a chargesheet and before framing of charges where the material before the court is insufficient to establish the alleged offence. The proceedings arise from a CBI FIR concerning alleged bank fraud involving Jet Airways and associated persons.
August 10, 2026
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High-speed rail indigenisation and infrastructure performance monitoring require skills development, comparative planning, measurable station assessments and freight-terminal dashboards.
Parliamentary oversight calls for accelerated indigenisation of high-speed rail components, capacity-building through international expertise, and comparative study of successful high-speed rail systems for future corridors. Redeveloped stations should be assessed through measurable indicators concerning passenger use, accessibility, cleanliness, commercial occupancy, maintenance and feedback, with completed-project practices documented and shared. Operational cargo terminals and cargo-related facilities should be monitored through a digital dashboard covering utilisation, rake performance, mechanisation, connectivity, safety compliance and customer satisfaction.

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Corp. Laws, SEBI & IBC

MCA convenes ‘Tech for Professionals’ Workshop on Building India’s Digital Infrastructure for Professional Services

August 29, 2026

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Pallavi Jain Govil, Chief guest and Secretary, MCA emphasises strengthening India's domestic professional services ecosystem in the context of our development ambitions and increasing role of tech

Gyaneshwar Kumar Singh, DG & CEO, IICA highlights continuing work undertaken by MCA and IICA to strengthen domestic professional services ecosystem through technology

Rahul Jain, JS, MCA, says tech, shared digital resources, institutional mechanisms may enable professional services firms of different sizes to strengthen their capabilities

The Ministry of Corporate Affairs (MCA), with the support of the Indian Institute of Corporate Affairs (IICA), organised one-day “Tech for Professionals” Workshop – Building India’s Digital Infrastructure for Professional Services at the Dr. B.R. Ambedkar International Centre, New Delhi, on 27 August 2026.

Graced by the Secretary, Ministry Corporate Affairs, Dr. Pallavi Jain Govil as chief guest, the Workshop brought together policymakers, regulators, technology companies, professional services firms, Professional Institutes, Digital Public Infrastructure experts and academics to deliberate on how shared digital infrastructure can strengthen technology adoption, capability and competitiveness across India's professional services ecosystem.

The inaugural session commenced with a Welcome Address by Shri Gyaneshwar Kumar Singh, Director General & CEO, IICA, who outlined the background to the initiative and the continuing work being undertaken by MCA and IICA towards strengthening the domestic professional services ecosystem through technology enablement.

Delivering the Theme Address, Shri Rahul Jain, Joint Secretary, Ministry of Corporate Affairs, set the context for the Workshop and highlighted the need to examine how technology, shared digital resources and appropriate institutional mechanisms could enable professional services firms of different sizes to progressively strengthen their capabilities.

Dr. Pallavi Jain Govil, Secretary, Ministry of Corporate Affairs, delivering the Chief Guest address, emphasised the importance of strengthening India's domestic professional services ecosystem in the context of the country's broader development ambitions and the increasing role of technology in the delivery of audit, compliance, consulting and other professional services. She also appreciated the power of advocacy on shared digital public good infrastructure ideation foreeeeee traction for its beneficiaries.

The Workshop builds upon a series of consultations undertaken by MCA and IICA on strengthening India's domestic auditing and consulting ecosystem. As part of this process, MCA constituted a Sub-Committee on Digital Public Good in April 2026 to examine mechanisms for promoting technology adoption across Indian professional services.

The Sub-Committee submitted its report in May 2026, recommending a government-backed shared digital ecosystem aimed at addressing uneven access to advanced technology, professional knowledge and structured capability development.

The emerging DPG framework envisages three broad layers — curated technology access; learning and capability development; and knowledge and practice infrastructure. The proposition is intended to provide professional services firms, particularly small and medium practices, greater access to appropriate technology solutions, structured learning and professional knowledge resources without displacing existing institutional or market-based systems.

The first technical session, “DPG & Technology Infrastructure for Audit, Compliance & Consulting”, examined the purpose and possible contours of shared digital infrastructure for professional services, the gaps such infrastructure could address, and lessons from India's wider experience with Digital Public Infrastructure and comparable international initiatives.

The session was moderated by Shri Richard Rekhy, Vice Chairman, Grant Thornton Bharat. The panellists were Prof. R. Srinivasan, Professor & Chairperson, Centre for Digital Public Goods, IIM Bangalore; Shri T. Koshy, former MD & CEO, Open Network for Digital Commerce (ONDC); Shri Sai Venkateshwaran, former Board Member, KPMG in India; and Shri Vikas Kumar, Senior Partner & CEO, T R Chadha & Co LLP.

The second session, “Role of Technology Firms in DPG Initiative”, considered how technology companies could contribute to the design, development and deployment of shared digital infrastructure for the profession. Discussions covered cloud infrastructure, artificial intelligence, data analytics, cybersecurity, enterprise technology and possible models through which technology providers could participate in the initiative.

The session was moderated by Dr. Pankaj Dikshit, former CTO, Government e-Marketplace (GeM) and former CTO, GSTN. The panellists were Shri Rajesh Ranjan, India Lead, Core Government Affairs & Public Policy, Google; Ms. Sonali Kulkarni, Partner, Dailoqa; Shri Sunil Gupta, Co-Founder, MD & CEO, Yotta Data Services; and Shri Sandeep Welling, Managing Partner, Kirtane & Pandit.

The third technical session, “How India's SupTech Systems Can Adopt DPI/DPGs”, extended the discussion beyond professional firms to the digital systems through which businesses interact with regulators. The session examined whether elements of India's supervisory technology landscape could benefit from greater interoperability, common standards and reusable digital building blocks based on DPI and DPG principles.

The session was moderated by Dr. Nisheeth Srivastava, Professor, IIT Kanpur. The panellists were Ms. Savithri Parekh, Company Secretary & Compliance Officer, Reliance Industries; Shri Joseph Joshy C J, CGM & CTO, IFSCA; Shri Gaurav Marwaha, Chief Product Engineering Officer, ReBIT; and Shri Puneet Narang, MD & Country Head, DWS India.

The fourth session, “Tech Implementation Insights”, focused on the practical deployment of technology across professional services firms at different levels of digital readiness. The discussion considered technology solutions already available in the market, models for affordable access, implementation and change- management requirements, and the sequencing of technology adoption for small and medium practices.

The session was moderated by Dr. Pankaj Setia, Chair, Centre for Digital Transformation, IIM Ahmedabad. The panellists were Shri Eric Anklesaria, Senior Advisor, PSB Alliance; Shri V. Easwaran, Whole-Time Director & COO, Protean eGov Technologies; Shri Viswanathan Ravichandran, Partner, Deloitte South Asia; and Shri Sarthak Jain, Founder, Fast-India.

Concluding Thoughts on way forward of the initiative

The deliberations reflected broad recognition of the importance of improving access to technology and professional knowledge, strengthening digital capability among smaller firms, ensuring interoperability and security, and developing the initiative in a manner that remains responsive to firms at different stages of technological readiness. Participants also highlighted the importance of building on existing systems and capabilities rather than duplicating them, while retaining openness, competition and choice in the technology ecosystem.

The Workshop marked a further stage in MCA's ongoing consultations towards developing an enabling digital ecosystem for professional services and strengthening the ability of domestic firms to participate effectively in an increasingly technology-intensive professional environment.

At IICA, the initiative is being anchored by the School of Corporate Governance & Public Policy (SoCGPP), under the leadership of Dr. Niraj Gupta, Head, SoCGPP. The proceedings of the Workshop were anchored by Shri Mathew John, Chief Program Executive, Centre for Board Excellence & Leadership (C-BEL), IICA.

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