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August 12, 2026
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Judicial allowance exemptions under the new tax regime remain disputed, with return processing and resulting demands kept in abeyance.
Tax treatment of specified judicial allowances under the new income-tax regime is disputed. Statutory service-condition provisions are asserted to exclude allowances, including official residence, conveyance, sumptuary allowance and leave travel concession, from income computation and to override the Income-tax Act. Pending consideration, affected judges may show these amounts as receipts not in the nature of income, and their returns are not to be processed further. Any resulting demand remains in abeyance, while refundable amounts are withheld subject to the pending proceedings.
August 12, 2026
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Corporate closure data highlights worker-claim treatment through insolvency adjudication and liquidation priority, while affected-worker information remains unmaintained.
Corporate closure data recorded 36,211 private companies in Maharashtra as liquidated, dissolved or struck off during the preceding five financial years. Central information is not maintained on workers affected by closures or special rehabilitation packages. In corporate insolvency resolution, employee and worker claims are adjudicated under orders of the adjudicating authority. In winding-up or liquidation, the liquidator deals with pending wages and other admissible statutory dues, subject to available funds and the statutory order of priority.
August 12, 2026
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Compressed biogas development converts organic waste into cleaner fuel, rural income and reduced dependence on imported fossil fuels.
CBG development is presented as a route for converting agricultural and organic waste into biomethane, bio-fertiliser and briquettes while reducing fossil-fuel imports, crop-residue burning and waste-management burdens. NexGen Energia's asset-light land-partner model uses landowner-provided sites while the company designs, installs and operates plants, including gas upgrading and offtake logistics. Anaerobic digestion and alternative gas-purification technologies support use of agricultural residue, food waste, manure and distillery effluent. Expansion is linked to the GOBARdhan National Circular Bioenergy Scheme, despite capital, feedstock-aggregation and commissioning constraints.
August 12, 2026
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Bilateral trade cooperation advances through investment focal points, services and health working groups, and planned preferential trade agreement negotiations.
India-Namibia economic cooperation is being progressed through agreed follow-up mechanisms focused on value addition, investment facilitation and sectoral collaboration. Investment focal points have been designated, and a Services Working Group is to prepare a work plan for the Joint Trade Committee. Priority areas include health and pharmaceuticals, critical-mineral processing, gems and jewellery, digital payments, FinTech, railways, renewable energy and green hydrogen. Terms of Reference for the India-SACU preferential trade agreement were finalised, with negotiations to begin after signature and conclude within one year.
August 12, 2026
Show AI Summary
AI governance in banking requires explainability, board accountability, rigorous testing, vendor controls and meaningful human oversight for customer-facing decisions.
AI adoption in banking should be governed through a principles-based and proportionate framework that aligns innovation with financial stability, customer protection and accountability. Banks should maintain inventories of AI systems, adopt board-approved governance policies, ensure explainability for material lending and fraud decisions, conduct periodic red-teaming and stress testing, and preserve meaningful human oversight. Key risks include opacity, bias, vendor concentration, third-party dependence, data misuse, cyber vulnerability and loss of institutional accountability. Vendor arrangements require audit and explanation rights and credible exit plans.
August 11, 2026
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Land acquisition funding and regulatory approvals advance satellite-city development, tax relief, identity enrolment, employment verification, and jail reform.
Assam Cabinet approvals include first-phase funding for land acquisition and development of the Aerotropolis Satellite City Project and a lease deed for a hotel supporting the Jagiroad semiconductor ecosystem. Measures also provide Aadhaar enrolment relaxation for Moran and Matak communities, zero agricultural tax up to the prescribed net-income threshold, OBC Non-Creamy Layer certificates, and trainee and graduate-assistance funding. Government jobs will be provisionally held pending police verification, with automatic confirmation where no report is submitted within six months. Jail rules will be amended to promote non-discrimination, sanitation, security and fair work allocation.
August 11, 2026
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Money-laundering investigation into alleged liquor-sale proceeds led to arrest and custodial questioning amid contested political allegations.
Money-laundering investigation concerning an alleged liquor scam led to the Enforcement Directorate's arrest of Ramgopal Agrawal and seven days' custodial remand under the Prevention of Money Laundering Act. The agency alleged his connection with proceeds of crime, non-attendance despite multiple summonses, and evasiveness during questioning. Allegations concern purported control of the state excise department, illegal liquor sales, and sharing of commissions. The Congress has denied the allegations and described the investigation as politically motivated.
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
Show AI Summary
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
Show AI Summary
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.

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A Quarter-Century of Trade. One Unbroken Connection.

September 1, 2026

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AILBIEA celebrates its Silver Jubilee on 11 September 2026 at Hotel Trident, Nariman Point, Mumbai — a full day of trade dialogue, tributes to Shri Nadir B. Godrej and Shri M. P. Tapariah, and the Stellar Awards Mumbai, India: The All India Liquid Bulk Importers & Exporters Association (AILBIEA), the apex national body for India's liquid bulk trade, will celebrate its Silver Jubilee on Friday, 11 September 2026 at Hotel Trident, Nariman Point, Mumbai — a Knowledge Conference from 10:00 a.m. to 4:00 p.m., followed by the Silver Jubilee Evening at the Regal Ballroom from 6:21 p.m. onwards, featuring special tributes to Shri Nadir B. Godrej and Shri M. P. Tapariah, and the AILBIEA Silver Jubilee Stellar Awards.

Founded in 2000, AILBIEA is the unified voice of India's liquid bulk ecosystem — chemicals, petrochemicals, solvents, edible oils, petroleum products and LPG — with leading member organisations, anchored by founding members and key partners Godrej Industries Ltd, Hindustan Unilever Ltd, Aegis Logistics Ltd, Supreme Petrochem Ltd and VVF India Ltd. For twenty-five years, it has served as a trusted bridge between industry and Government, engaging the Ministry of Finance, CBIC, the Ministries of Commerce & Industry and of Ports, Shipping & Waterways, Port Authorities and Customs Commissionerates nationwide.

The Knowledge Conference — India in Full Flow: The Decade of Demand Themed “India in Full Flow — The Decade of Demand”, the Knowledge Conference (10:00 a.m. – 4:00 p.m.) brings together industry leaders, top CEOs and CFOs, senior Ports, Revenue and Customs officials, and key policymakers across focused masterclasses and a flagship supplier-centric panel: • Global Trade Facilitation & the AEO Advantage — Dr. Joshua Ebenezer, Founder & Principal Consultant, NuCov Facili-Trade.

• Customs Integrated Systems 2.0 — senior CBIC leadership on India's next-generation customs technology backbone.

• Safeguarding the Enterprise in the GSTAT Era — Shri S. K. Rahman, IRS, Technical Member (Centre), GST Appellate Tribunal, on customs and GST dispute preparedness.

• Geopolitics & Maritime Risk — Capt. Pankaj Kapoor, Managing Partner, Quadraant Legal, on the Middle East crisis and India's sea-borne trade.

• Flagship Supplier Panel — global suppliers of edible oils, chemicals and petrochemicals, featuring Reece H. Cannady, U.S. Grains & BioProducts Council (USA), and Indrajit Vishwanath, Abacus Chemie (UAE); further Panelists to be announced.

The conference culminates in an inspiring leadership session by Capt. Raghu Raman, whose talks have been viewed over 100 million times. His four decades career, spans the hierarchy-driven culture of the Armed Forces, incentive-led organisations such as Mahindra, Reliance, Adani and the process-oriented world of bureaucracy. He was handpicked by the Government of India as the founding CEO of the National Intelligence Grid, created after the 26/11 attacks, at the rank of Secretary to GOI.

The Silver Jubilee Evening (6:21 p.m. onwards, The Regal Ballroom) features a twin tribute to Shri Nadir B. Godrej, Chairman Emeritus, Godrej Industries Ltd., an icon of Indian industry, and Shri M. P. Tapariah, Managing Director, Supreme Petrochem Ltd., a stalwart of India's petrochemicals story — followed by the AILBIEA Silver Jubilee Stellar Awards.

The occasion will also mark the official India launch of AGS 360 — India's first integrated Digital Maritime Information & Intelligence Application, bringing key port information, vessel tracking, port call estimates and maritime intelligence onto one platform. Atlantic Global Shipping (AGS) is the Digital Partner for the Silver Jubilee celebrations. Media Partners: Daily Shipping Times, EXIM India, and friends from the Logistics & Media Ecosystem.

Guests of Honour & Distinguished Dignitaries AILBIEA is proud to welcome Shri R. Venkataramani, Attorney General for India as our Most Valued Guest of Honour. Confirmation is awaited from Hon'ble Union Ministers and further senior dignitaries. Also gracing the celebrations, the leadership of India's customs and port administration: • Shri Yogendra Garg, IRS, Special Secretary (GoI) & Member (Customs), CBIC* • Dr. M. Angamuthu, IAS, Chairman, Mumbai Port Authority • Shri Gaurav Dayal, IAS, Chairman, Nhava Sheva (Jawaharlal Nehru) Port Authority • Shri Sushil Kumar Singh, IRTS, Chairman, Deendayal Port • Shri Anupam Prakash, IRS, Joint Secretary (Customs), CBIC • Shri Mayank Kumar, Principal Chief Commissioner of Customs, Mumbai Zone I • Shri Vimal Kumar Srivastava, Chief Commissioner of Customs, Mumbai Zone II They will be joined by senior officials from the Mumbai, Nhava Sheva and Kandla port and customs ecosystem, industry leadership and international trade partners. (* - tentatively confirmed, awaiting final confirmation) Advocacy That Delivers The Silver Jubilee caps a defining year: AILBIEA led a joint inter-ministerial engagement on port congestion before the Hon'ble Union Ministers of Commerce & Industry and of Ports, Shipping & Waterways; deposed before the Parliamentary Standing Committee on Commerce; was privileged to participate and speak at the National Symposium on Customs Reforms; and remains an active voice in the Customs Consultative Group.

Shri Jayant Lapsia, President, AILBIEA, said: "For twenty-five years, AILBIEA has stood on a simple conviction — when industry and Government speak with trust, trade moves faster and the nation gains. This Jubilee belongs to everyone who built that trust with us. We gather to celebrate the past and chart the next twenty-five years — together." Register for the Knowledge Conference Registration Link: https://forms.gle/u6vB6JTbCVE5VcJc9 Scan to register your interest in the Knowledge Conference.

The AILBIEA Secretariat will revert with participation details. Or register at forms.gle/u6vB6JTbCVE5VcJc9. The Silver Jubilee Evening is strictly by invitation only.

RSVP & Media Contact AILBIEA Secretariat | [email protected] | +91 22-6155 9910 / 6155 9999 | www.ailbiea.com 1011, Mighty (Universal Majestic), 10th Floor, Near RBK International Academy, Ghatkopar Mankhurd Link Road, Chembur (W), Mumbai – 400 088, India One Industry. One Voice. Twenty-Five Years of Excellence.

(Disclaimer: The above press release comes to you under an arrangement with NRDPL and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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