August 13, 2025
Notice issued for misbranding carpets as authentic Kashmiri silk under consumer protection rules, demanding removal and compliance
Authorities issued a notice to an online retail platform and a Bengal-based company for allegedly misbranding carpets as "authentic Kashmiri handmade silk carpets" when they were counterfeit. The notice demands removal of misleading advertisements, an apology, disclosure of all sales related to the misbranded products, and submission of a compliance report within three days. The authorities emphasized that the falsely advertised carpets, sold at significantly lower prices than genuine products, damage the reputation of local artisans and the value of authentic handicrafts.
August 13, 2025
Manufacturing Firm Reports 50.5% Profit Drop Due to Railway Wheelset Shortage and Inspection Suspension
A manufacturing company reported a 50.5% year-on-year decline in consolidated net profit to Rs 29 crore for the June quarter, attributed to a shortage of wagon wheelsets supplied by a government railway entity. Revenue from operations decreased by 16.3% to Rs 911 crore, resulting in pressure on profit margins. Earnings before interest, taxes, depreciation, and amortization (EBITDA) dropped 36% to Rs 79 crore, with the EBITDA margin contracting by 267 basis points to 8.7%. Earnings per share fell from Rs 1.50 to Rs 0.75, and the profit after tax margin declined from 5.4% to 3.2%. The company noted that the supply issue was industry-wide and has since improved, normalizing revenues. Additionally, a temporary revenue reduction occurred due to a suspension of inspections by a railway standards organization.
August 13, 2025
India boosts diplomacy with China and Russia amid US tensions over Russian oil imports and tariffs
India is set for significant diplomatic engagements with China and Russia amid strained relations with the United States over its continued purchase of Russian crude oil. The Chinese Foreign Minister will visit India to conduct Special Representatives talks on the boundary dispute, while India's External Affairs Minister will travel to Russia for discussions likely focused on preparing for the Russian President's upcoming visit to India and addressing oil procurement issues. These developments follow recent disengagement agreements between India and China to ease tensions after the 2020 border clashes. The Indian Prime Minister plans to attend the Shanghai Cooperation Organisation summit in China later in August, signaling efforts to restore bilateral ties. The US has imposed additional tariffs on Indian goods as a penalty for its Russian oil imports, intensifying diplomatic challenges for India.
August 13, 2025
South Africa rejects US human rights report, defends Land Expropriation Act, and disputes discrimination claims
The South African government rejected a recent US State Department human rights report, calling it inaccurate and deeply flawed, particularly disputing claims of worsening conditions and discriminatory land reforms against a racial minority. South Africa emphasized the legitimacy of its Land Expropriation Act, supported by the United Nations, and criticized the US for relying on out-of-context and discredited information. The government also denied allegations of failing to investigate or prosecute human rights abuses and inflammatory rhetoric. This dispute reflects ongoing diplomatic tensions, including US-imposed tariffs, aid suspensions, and visa facilitation for minority farmers relocating to the US. The US previously expelled South Africa's ambassador over criticism, and a South African trade union plans to engage with US officials to discuss racial-redress laws, diplomatic relations, and trade agreements.
August 13, 2025
Airline CEO Warned for Failing to Address Crew Duty Time Violations Exceeding 10-Hour Limit
The civil aviation regulator issued a warning to the accountable manager and CEO of a major airline after finding the airline's response to a show cause notice regarding crew duty time violations unsatisfactory. The violations involved exceeding the prescribed 10-hour flight duty limit on two long-haul flights in May. The regulator emphasized the need for strict compliance with civil aviation requirements and criticized the airline for inadequate adherence to duty time limitations. The airline attributed the issue to a misinterpretation of permissions related to airspace closures, which was promptly corrected. The regulator's findings form part of broader safety concerns, with numerous audit violations identified across the airline group and other carriers, including critical safety breaches requiring immediate corrective action.
August 13, 2025
Supreme Court Orders SIT Probe into Inflated Land Compensation and Corruption Under Prevention of Corruption Act
The Supreme Court ordered a Special Investigation Team (SIT) probe into allegations that officials of a development authority colluded with builders to pay landowners compensation exceeding legal entitlements. The court accepted preliminary findings indicating possible misconduct and directed the formation of a new SIT comprising senior police officers to investigate asset trails and bank accounts with forensic experts. The investigation focuses on whether compensation payments were inflated, identifying responsible officials, examining collusion, and assessing transparency in the authority's functioning. The court mandated timely registration of cases if prima facie offenses are found, appointment of a chief vigilance officer, and establishment of a citizen advisory board to enhance oversight. It also required environmental impact assessments for projects and expedited sanction for prosecution under the Prevention of Corruption Act. The SIT's progress must be reported to the court, which retains custody of the investigation records.
August 13, 2025
Foreign Leader to Speak at UN; US-Pakistan Boost Security Cooperation; Nepal to Expand Electricity Exports
A foreign leader is expected to address the United Nations General Assembly next month. The United States has stated that its relationships with two South Asian countries remain positive, despite one being described as somewhat uncooperative in trade negotiations. Nepal plans to increase electricity exports to a neighboring country, generating significant revenue. A UN human rights body has urged a South Asian government to implement reforms and ensure justice for past abuses. In the US, a Hindu temple was vandalized and an elderly Sikh man was assaulted, with a suspect apprehended. The US and Pakistan have agreed to enhance cooperation against militant groups. In Bangladesh, a corruption trial has commenced against a former prime minister and others, including a British MP, who has dismissed the trial as politically motivated. UK police will now disclose suspects' ethnicity and nationality to combat online misinformation.
August 13, 2025
Supreme Court affirms Election Commission's authority for Special Intensive Revision under Section 21(3) of Representation of Peoples Act
The Supreme Court upheld the Election Commission's authority to conduct a Special Intensive Revision (SIR) of electoral rolls in Bihar, rejecting petitions challenging its legal basis. The Court emphasized that electoral rolls must be dynamic to remove names of deceased or migrated voters and found the expansion of acceptable identity documents from seven to eleven as inclusive rather than exclusionary. The Court referenced Section 21(3) of the Representation of the Peoples Act and Article 324 of the Constitution, affirming the EC's residual power to revise rolls "in such manner as it may think fit." Challenges by opposition parties and an NGO alleging lack of legal basis and procedural issues, including removal of search features from draft rolls, were dismissed. The Court recognized the EC's discretion in balancing constitutional rights and powers in managing electoral roll revisions.
August 13, 2025
Nepal to Boost Electricity Exports to India by 200 MW, Total Capacity Hits 1,140 MW Under Long-Term Deal
Nepal will increase its electricity exports to India by nearly 200 MW, raising the total export capacity to approximately 1,140 MW under a long-term agreement to supply 10,000 MW over the next decade. The Central Electricity Authority of India approved the additional import of 199.70 MW to the state of Haryana, increasing its imports from Nepal from 235.5 MW to 435.5 MW. This expansion is expected to generate over NRs 80 billion in revenue for Nepal. The exports primarily occur during the rainy season when Nepal has surplus hydroelectric power. This development follows a 2024 agreement between the two countries to enhance power trade, aiming to increase Nepal's electricity exports from 450 MW in 2023 to 10,000 MW over ten years. The increased supply will commence when surplus power is available.
August 13, 2025
Two-Day National Conclave to Boost Inclusive Entrepreneurship and Innovation for Economic Growth by 2047
An educational institution is organizing a two-day national conclave focused on entrepreneurship, aiming to foster innovation, inclusivity, and economic growth in India by 2047. The event will gather entrepreneurs, policymakers, investors, industry experts, and academics to discuss strategies for building a socially responsive and globally competitive entrepreneurial ecosystem. The conclave serves as a platform to connect alumni with the broader entrepreneurial community, encouraging collaboration, mentorship, and investment. It highlights the institution's commitment to nurturing ventures that address national challenges while creating economic value, promoting an inclusive innovation economy. The initiative is supported by an innovation park affiliated with the institution, dedicated to advancing entrepreneurship and innovation.
August 13, 2025
Singapore Investment Firm to Invest Rs 19,200 Crore in Data Centres, Logistics, and Industrial Parks by 2030
A Singapore-based investment firm has entered into an agreement with the Maharashtra government to invest over Rs 19,200 crore by 2030 in sectors including data centres, logistics, and industrial parks in Mumbai and Pune. This investment forms part of the firm's broader strategy to expand its Indian portfolio and increase its funds under management significantly by 2028. The company has operated in Maharashtra since 2013 and has previously invested over Rs 6,800 crore across multiple assets in the region. The agreement was announced during the inauguration of the firm's first data centre in Navi Mumbai and reflects ongoing collaboration with state authorities to support the firm's growth plans.
August 13, 2025
Domestic currency gains 16 paise vs. US dollar amid low inflation and weak crude prices
The domestic currency appreciated by 16 paise against the US dollar, closing at 87.47, influenced by a weaker US dollar, declining crude oil prices, and reduced domestic inflation. Inflation data showed retail inflation at an eight-year low, supporting the currency's strength. However, uncertainties related to trade tariffs and foreign institutional investor outflows limited further gains. The central bank is tasked with maintaining inflation within a specified target range. Equity markets showed positive momentum despite significant foreign investor sell-offs. Market analysts noted that expectations of a US interest rate cut and favorable domestic economic indicators contributed to the currency's appreciation, though geopolitical events and trade tensions remain potential risks.
August 13, 2025
New Cheque Clearing Rules Cut Processing Time to Hours Starting October 2025 Under Section 12 Guidelines
The central bank will implement a new cheque clearing mechanism starting October 4, 2025, reducing the clearing time from up to two working days to a few hours. Under this system, cheques will be scanned and processed continuously during business hours from 10:00 AM to 4:00 PM. Drawee banks must provide positive or negative confirmation of cheque status by 7:00 PM during the initial phase, failing which cheques will be deemed approved for settlement. From January 3, 2026, confirmation must occur within three hours of cheque receipt. Settlements will be finalized promptly, and presenting banks must release payments within one hour of successful settlement. Banks are required to inform customers about these changes and prepare for the transition to continuous clearing and settlement on realization to enhance efficiency and reduce settlement risk.
August 13, 2025
External Affairs Minister to Discuss Energy, Trade, and Ukraine Conflict During Russia Visit
An external affairs minister is scheduled to visit Russia for high-level discussions with Russian officials, including the foreign minister and president, amid tensions with the United States over the country's continued purchase of discounted Russian crude oil. The visit aims to finalize arrangements for a forthcoming Russian presidential visit and to co-chair an intergovernmental commission on trade, economic, scientific, technological, and cultural cooperation. The talks will address bilateral relations, energy procurement, and the ongoing Ukraine conflict, with the visiting minister emphasizing the need for dialogue and diplomacy to resolve the war. The United States recently imposed additional tariffs on the country's goods as a penalty for its oil purchases from Russia, which have significantly increased since sanctions were imposed on Moscow following its invasion of Ukraine. The country maintains its energy decisions are driven by national interest and market factors.
August 13, 2025
Horticulture Department Requires Geo-Tagging Under MIDH Scheme for Transparency and Subsidy Release
The horticulture department mandated the use of geo-tagging and geo-fencing for all components of the Mission for Integrated Development of Horticulture (MIDH) schemes, requiring officials to upload data timely and create user IDs at all levels. Subsidies will not be released without compliance. The directive aims to enhance transparency, prevent duplication of beneficiaries, and enable real-time monitoring through the Krishi Mapper application, a government-developed digital platform. Officials must be trained on the application to ensure effective implementation. The platform will maintain a centralized digital database of horticulture activities and plans to integrate with other portals and expand features, including offline data entry. Non-compliance may result in the stoppage of government funds.
August 13, 2025
Delhi extends CM SHRI Admission Test deadline to Aug 22; test rescheduled to Sept 6 under NEP 2020 and NCF 2023
The Delhi government extended the deadline for submitting online applications for the CM SHRI Admission Test 2025 for classes 6 to 8 to August 22, revising the test date to September 6. This initiative aims to establish CM SHRI Schools modeled after the PM SHRI Schools, following the National Education Policy 2020 and implementing the National Curriculum Framework 2023. These schools will feature advanced technology such as AI-enabled libraries, AR/VR smart classrooms, biometric attendance, and robotics labs. Additionally, the Delhi Board of School Education is being phased out, with affiliated schools transitioning to the Central Board of Secondary Education. The government allocated Rs 100 crore for this project in the recent budget to support the operationalization of these future-ready government schools.
August 13, 2025
Legislators Form Assembly Body to Boost MSMEs and Drive Economic Growth Through Section 12 Powers
A group of legislators representing 20 industrial centers in Uttar Pradesh has formed an assembly-level body to support micro, small, and medium enterprises (MSMEs) and promote economic growth. Modeled after a similar parliamentary group at the national level, this new group aims to leverage legislative powers to address systemic issues faced by MSMEs. The group seeks to facilitate cooperation between political leadership and MSMEs to overcome institutional inertia and promote formalization and expansion of small businesses. A national MSME federation will provide secretariat support to the group, replicating its role at the central level. The initiative reflects a political commitment to using legislative mechanisms to resolve longstanding challenges confronting MSMEs and enhance the state's economic development.
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