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    UP ATS nabs kingpin of fake document racket from West Bengal
    Calcutta HC says voter ID, Aadhaar, PAN not proof of Indian citizenship
    Corporate Mitra Scheme Awareness Webinar organized by IICA Shillong, Ministry of Corporate Affairs witnessing overwhelming participation of youth and ...
    CCI approves amalgamation of Go Digit Infoworks Services, holding company of Go Digit General Insurance Ltd, with Go Digit General Insurance Ltd, such...
    CCI approves acquisition of units of Oaktree capital group Holdings, L.P. (OCGH), and Oaktree Equity Plan, L.P. (OEP) by Brookfield Asset Management L...
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    Gross Non-Performing Assets (GNPA) of Public Sector Banks (PSBs) at historic low of 1.9% in FY 2025-26, achieve highest-ever net profit of ₹ 1.9...
    India's Toy Exports Soar 89.1%, Reflecting Strong Growth in Domestic Manufacturing
    India's Exports Scale Record US$ 863.1 Billion in FY 2025–26, Driven by Strong Trade with UAE, UK and Australia
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July 29, 2026
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Fraudulent Aadhaar enrolment allegations involve forged supporting documents, misuse of operator credentials, remote access, and continuing investigation.
Forgery of Indian identity and supporting documents is alleged in an interstate racket using false birth, domicile and school certificates to obtain Aadhaar cards for foreign nationals. The racket allegedly misused authorised Aadhaar enrolment operator login credentials and used virtual private networks and remote access to enrol applicants. The alleged mastermind was arrested, and investigation, including proposed custodial interrogation, remains ongoing.
July 29, 2026
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Citizenship proof requires more than identity, tax, electoral or banking records when nationality remains unestablished.
Voter identity cards, Aadhaar cards, PAN cards and bank-account records were treated as non-conclusive proof of Indian citizenship. The petitioner and detainee were required to establish citizenship under the Immigration and Foreigners Act, 2025, and an appeal against deletion from electoral rolls did not itself satisfy that burden. The inability to identify the burial locations of the detainee's parents prevented proposed DNA-based verification and supported an adverse inference concerning their citizenship.
July 29, 2026
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Corporate Mitra Scheme builds local compliance professionals to strengthen MSME regulatory, financial, taxation, accounting and governance support.
The Corporate Mitra Scheme develops qualified and accredited para-professionals to provide MSMEs with accessible, affordable compliance and business-support services. Corporate Mitras are intended to assist enterprises with regulatory compliance, finance, taxation, accounting and governance-related requirements, enabling MSMEs to focus on innovation, expansion and growth. IICA Shillong serves as the nodal agency for Northeast regional coordination, stakeholder liaison, promotion and awareness, with regional participation encouraged through reserved course seats and a fee concession.
July 29, 2026
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Amalgamation of Go Digit Infoworks with Go Digit General Insurance approved, with the general insurer continuing as surviving entity.
The Competition Commission of India approved the amalgamation of Go Digit Infoworks Services Private Limited, the holding company of Go Digit General Insurance Limited, with Go Digit General Insurance Limited as the surviving entity. Infoworks has no present market-facing business activities. Go Digit General provides general and health insurance products and services in India, with a specialised focus on general insurance.
July 29, 2026
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Competition approval enables Brookfield's indirect acquisition of Oaktree entities, combining alternative investment management businesses.
Competition approval was granted for Brookfield Asset Management Ltd. to indirectly acquire units in Oaktree Capital Group Holdings, L.P. and Oaktree Equity Plan, L.P., resulting in the acquisition of the Oaktree operating group of entities. Brookfield Asset Management is a global alternative asset manager, while the Oaktree group provides alternative investment management services.
July 29, 2026
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Processed dairy exports to Bhutan expand through compliance support, market access facilitation, and planned diversification of longer-shelf-life products.
Processed dairy exports from Assam to Bhutan commenced with a Purabi Ice Cream consignment exported by North East Dairy and Foods Limited and manufactured through Assam's cooperative dairy network. The Agricultural and Processed Food Products Export Development Authority supported export documentation, regulatory compliance, market access and stakeholder coordination. The initiative seeks to expand value-added dairy exports from the North Eastern Region, with plans to introduce longer-shelf-life products and increase exports according to market demand.
July 29, 2026
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Financial-market depth requires reliable liquidity, risk transfer, transparent products and shared institutional responsibility for resilient long-term financing.
Financial-market depth requires reliable liquidity and price discovery, efficient risk distribution, and diverse, meaningful participation across market conditions. Government and corporate bond markets, money markets, and foreign exchange and derivative markets should channel long-term savings into investment and enable management of interest-rate, currency and credit risks. Product innovation must serve genuine needs and be supported by suitability assessments, transparent disclosure, fair pricing, independent valuation and user risk-management capacity. Regulators, market institutions, issuers, investors and infrastructure providers share responsibility for resilient, transparent and trusted markets.
July 29, 2026
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Securitisation Note amendments seek stronger issuance efficiency, liquidity and transparency, with stakeholder consultation invited on proposed directions.
Draft amendments to securitisation transaction directions seek to improve the efficiency, liquidity and transparency of issuing and subsequently transferring Securitisation Notes. The proposals apply to commercial banks, small finance banks, non-banking financial companies and all India financial institutions. Public and stakeholder comments are invited through the designated regulatory consultation platform or alternatively by post or email.
July 29, 2026
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Rupee appreciation reflected weaker dollar conditions, equity inflows, crude oil movements and positive domestic market sentiment.
Foreign exchange market conditions supported an early appreciation of the rupee against the US dollar. A weaker US dollar, lower crude oil prices relative to earlier levels, positive domestic equity sentiment, and foreign institutional investors' net purchase of Indian equities were identified as key influences. The dollar index weakened ahead of a monetary policy announcement, while crude prices rose amid renewed geopolitical tensions. Domestic benchmark equity indices also advanced in early trade.
July 29, 2026
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Input Tax Credit unblocking allegedly involved illegal gratification, prompting a trap operation and apprehension of the officer and consultant.
Alleged bribery connected with unblocking Input Tax Credit arose after an electronics trader received a show-cause notice and had its ITC blocked. A private tax consultant allegedly conveyed that a State GST officer demanded illegal gratification for unblocking the credit and encouraged the trader to settle the demand. Following a complaint, a trap operation allegedly led to the apprehension of the officer and consultant, with further legal action in progress.
July 29, 2026
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Defence production licensing and Russian energy sanctions shaped discussions on Ukraine's security capacity, missile supply and diplomatic engagement.
Ukraine-US discussions addressed licences for domestic Patriot defence-system production, wider defence-production cooperation, technology exchange and missile supply funded through European resources. Ukraine also sought support for a sanctions bill designed to increase economic pressure on Russia by imposing tariffs on goods from major purchasers of Russian oil and gas and by sanctioning Russian leaders, financial institutions and energy projects. The proposed defence-production licence was identified as a longer-term measure, alongside calls for renewed diplomatic engagement.
July 29, 2026
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Cooperative-sector modernisation strengthens rural finance through expanded credit societies, online audits, institutional connectivity and technology-enabled cooperative banking.
Cooperative-sector modernisation is presented as a mechanism for strengthening rural institutions, farmer prosperity and the rural economy. The separate Ministry of Cooperation provides an administrative, legal and policy framework for the cooperative movement. Key initiatives include establishing new primary agricultural credit societies and dairy cooperative societies, expanding business activities for primary agricultural credit societies, online auditing, and connecting cooperative institutions. District cooperative banks are described as important institutions for meeting the financial requirements of expanding service and dairy cooperative societies.
July 28, 2026
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Direct containerised rail freight movement enables seamless Kolkata Port-to-Biratnagar cargo transport without border transshipment under revised transit arrangements.
Direct containerised rail freight movement between Kolkata Port and Biratnagar Customs Yard has commenced under the revised India-Nepal Rail Transit Protocol. The service enables end-to-end commercial rail carriage without border transshipment through the Jogbani-Biratnagar broad-gauge connection. Implementation of the revised Letter of Exchange operationalises direct commercial rail access, intended to reduce transit time, logistics costs and cargo handling while improving supply-chain efficiency, reliability and cross-border trade.
July 28, 2026
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State governance reforms expand housing relief, local audits, MSME support, property records, welfare measures and clean-vehicle tax incentives.
The reforms provide concessional stamp duty and registration charges for eligible Economically Weaker Section housing beneficiaries, a statutory local-audit framework, and incentives for MSMEs and exports. They also establish rules for ownership records in Lal Dora areas and introduce a formula-based urban property-tax assessment framework with exemptions. Welfare measures cover compensation for specified unnatural custodial deaths, ex-Agniveer reservation, and compassionate appointments. Motor-vehicle tax measures provide a rebate for qualifying vehicles registered in women's names and exemptions for new electric vehicles.
July 28, 2026
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Investigation into alleged fund diversion faced scrutiny as agencies were required to disclose progress and decide on regular cases.
Investigation into alleged dubious transactions and fund diversion involving Indiabulls Housing Finance Limited remained under scrutiny because investigating agencies did not provide an updated status or take a final decision on registration of regular cases. The Central Bureau of Investigation and Delhi Police Economic Offences Wing were required to file a comprehensive affidavit and status report. The allegations concern loans allegedly routed through corporate entities to promoter-linked companies, alongside inquiries involving financial, corporate-fraud and market-regulatory agencies.
July 28, 2026
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MSME payment-delay reforms propose faster dispute resolution, enforceable settlement recovery, and invoice discounting to strengthen supplier liquidity.
The proposed amendment strengthens delayed-payment dispute resolution for micro and small enterprise suppliers through prescribed adjudication timelines and possible interim payment of at least half the awarded amount where a setting-aside application remains pending beyond six months. Mediated settlements and arbitral awards may be recovered as arrears of land revenue and are proposed to be legally enforceable debts under the insolvency framework. Central public sector enterprises would be required to route MSME invoice settlements through the Trade Receivables Discounting System.
July 28, 2026
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Regional rural bank oversight strengthens financial performance, technology adoption, diversified lending and financial inclusion in remote communities.
Regional Rural Banks are regularly reviewed for financial performance, technology upgradation, MSME lending, loan diversification and financial inclusion in rural and remote areas. Their financial health improved over recent years, with growth in deposits, loans, credit-deposit ratio, net worth and capital adequacy, alongside improved asset-quality indicators. Financial-inclusion targets for bank-account access, micro-credit, insurance and pension schemes are set and periodically monitored to extend formal financial services.
July 28, 2026
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Emergency credit guarantee support addresses business liquidity mismatches while public sector banks report stronger asset quality and sectoral lending growth.
Public sector banks reported improved balance-sheet health, rising business and lending, higher profits, stronger capital adequacy, and lower gross non-performing assets through FY 2025-26. Credit expanded across retail, agriculture, MSME, and infrastructure segments. Emergency Credit Line Guarantee Scheme 5.0 provides guarantee coverage to member lending institutions for eligible additional credit facilities addressing short-term liquidity mismatches, with full coverage for MSMEs and differentiated coverage for non-MSMEs and scheduled passenger airlines. Airline assistance is linked to peak credit outstanding and may require proportionate promoter or owner equity contribution above the applicable threshold.
July 28, 2026
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Toy quality regulation and export support strengthen domestic manufacturing, safety compliance, market access, and competitiveness in the Indian toy sector.
Toy-sector measures combine quality regulation, import-duty changes, domestic manufacturing support, export facilitation, and promotional initiatives. The National Action Plan for Toys covers toy design, learning-oriented toys, quality monitoring, restrictions on unsafe imports, indigenous clusters, and domestic production. A Quality Control Order and BIS licensing framework support compliance with toy-safety standards. Cluster assistance, startup recognition, export-duty remission support, and zero-duty market access under specified trade agreements seek to strengthen competitiveness, while stated measures are associated with improved quality conformity, lower imports, and increased exports.
July 28, 2026
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Preferential market access under free trade agreements supports export diversification, labour-intensive sectors, and exporter use of tariff concessions.
India's FTA framework is used to promote preferential tariff utilisation, export diversification and expanded market access. The Government monitors recently operationalised agreements through Certificates of Origin and partner-country trade data. Agreements with the UAE, Australia, Mauritius, Oman and EFTA are associated with increased product-line coverage, tariff preference utilisation and export opportunities. Labour-intensive sectors receive priority through preferential access, while calibrated tariff liberalisation and transition arrangements seek to protect sensitive domestic sectors. Trade e-Connect and the Trade Intelligence and Analytics Portal support exporters with market intelligence, rules of origin guidance, trade data and export-performance monitoring.

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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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