The Central Board of Direct Taxes (CBDT) has released a 198-page guidance note to assist crypto-asset service providers in complying with reporting obligations under the Income-tax Act, 2025, aligning India with the OECD's Crypto-Asset Reporting Framework (Carf) for automatic exchange of tax information.
The data may include details of foreign bank accounts, investment accounts, certain financial investments, interest income, dividends and other specified financial income held by Indian tax residents abroad.
'The Rs 30,954 crore inflows recorded in May 2026 reflects around 16 per cent year-on-year rise.'
The Reserve Bank of India (RBI) has mandated that banks must dispose of immovable assets acquired against bad loans within seven years through public auction, effective October 1, 2026, and has also barred their sale back to the original borrower or related parties.
Mumbai has spent four centuries building folklore around its monsoon: The potholes, the delayed trains, the office debates about whether it will 'break' this week or next. It turns out the rain was always a market. Nobody had built the exchange for it until now!
The Enforcement Directorate has attached assets worth approximately Rs 112.90 crore, including a residential property in Texas, USA, in a money-laundering case. The case involves a Noida-based air-conditioner components manufacturer, LEEL Electricals Limited, and its promoters, accused of defrauding a consortium of banks led by SBI of Rs 376 crore through manipulated financial statements and siphoning off funds.
The Odisha Vigilance has arrested Baikuntha Nath Behera, an assistant executive engineer, for possessing disproportionate assets worth crores, including over Rs 2 crore in cash, multiple properties, and gold jewellery. The arrest followed raids that uncovered extensive wealth, with some lockers yet to be opened.
A senior Gujarat government official has been arrested by the Anti-Corruption Bureau (ACB) in a disproportionate assets case after searches revealed valuables worth over Rs 2.64 crore.
A peace deal between the US and Iran, set to be signed in Geneva, faces significant hurdles over the release of Iran's USD 12 billion in frozen assets, with conflicting reports from both sides on the conditions for their release.
Himachal Pradesh Police have frozen assets worth Rs 1.13 crore belonging to major drug peddlers in two separate cases registered in the Shimla district.
The Odisha Vigilance Department has uncovered assets worth crores of rupees, including over Rs 2 crore in cash, multiple properties, and gold, during raids on an assistant executive engineer. The engineer, Baikuntha Nath Behera, is under investigation for disproportionate assets. Separately, a lineman was arrested for accepting a bribe.
Lokayukta police in Indore raided the premises of Women and Child Development Department Joint Director Laxminarayan Kandwal, uncovering assets worth approximately Rs 9.5 crore, nearly four times his total salary over 30 years of service. The raids followed a complaint of disproportionate assets, leading to a case registered under the Prevention of Corruption Act.
India's Ambassador to the US, Vinay Mohan Kwatra, has clarified that the recent amendments to the Foreign Contribution (Regulation) Act (FCRA) are primarily aimed at enhancing transparency and ensuring accountability in foreign financial flows.
A government official in Telangana is under investigation for allegedly acquiring assets through corrupt practices. The Anti Corruption Bureau (ACB) conducted searches at multiple locations and found significant property documents, cash, and gold ornaments.
Bajaj Finance reported a strong Q1 FY27 performance with 24 per cent year-on-year AUM growth and a 28 per cent rise in consolidated profit after tax, driven by significant increases in consumer financing, gold loans, and commercial vehicle loans, alongside a strategic focus on digital transformation and AI.
The Anti-Corruption Bureau (ACB) has registered a case of Disproportionate Assets against suspended Additional Superintendent of Police N Bhujanga Rao in Hyderabad. Searches at his properties and associates' places revealed assets valued at over Rs 5.92 crore, including agricultural land, plots, houses, cash, bank balances, gold, and cars. Rao is also implicated in a "phone tapping" case from the previous BRS regime.
Mizoram Chief Minister Lalduhoma met Union Home Minister Amit Shah regarding the Foreign Contribution (Regulation) Amendment Bill, 2026. Shah assured that the bill would not be retrospective. Various church and minority organisations have expressed concerns about the bill's impact on NGOs, schools, and healthcare units, urging its withdrawal or referral to a joint parliamentary committee.
State Bank of India (SBI) reported a 13.73 per cent increase in its June quarter consolidated net profit, reaching Rs 24,113 crore, primarily due to improved core income and a decline in provisions for non-performing assets.
India's foreign exchange reserves saw a significant increase of $10.512 billion, reaching $692.866 billion for the week ending July 31, driven by a rise in foreign currency assets and gold reserves.
The Enforcement Directorate has attached assets worth Rs 634 crore of a Unitech Group realty project in Noida as part of a money laundering investigation linked to alleged fraud with homebuyers.
Rajasthan Police in Pratapgarh has frozen assets worth approximately Rs 80 lakh belonging to an alleged drug trafficker, Asad Iqbal, under the SAFEMA and NDPS Act. The action, part of 'Operation Trinetra', followed a financial investigation into his illegal earnings from inter-state drug trafficking, after his arrest for opium possession.
The Enforcement Directorate has attached fresh assets worth more than Rs 11 crore as part of its money laundering investigation into the illegal operation of a Goa nightclub where 25 people were killed in a massive fire in December last year.
Tata Sons, the holding company of the Tata group, continues to be classified as an 'upper-layer non-banking financial company' (NBFC) by the Reserve Bank of India (RBI), despite its application to deregister as an NBFC-Core Investment Company (CIC) remaining under consideration. This classification subjects it to enhanced regulation and a mandatory listing requirement, which remains uncertain.
A source familiar with US Treasury Secretary Scott Bessent's thinking revealed on Saturday that the department "intends to utilise all available authorities to make Iranian assets accessible for rebuilding and repair efforts related to any future damage inflicted by Iran."
Bajaj Finance, India's largest private-sector NBFC, reported a 29 per cent year-on-year increase in standalone net profit to 5,346 crore for Q1FY27, propelled by robust growth in net interest income and assets under management, which surpassed 4 trillion.
Indian crypto exchanges and companies have expressed strong support for the Central Board of Direct Taxes' (CBDT) new Crypto Asset Reporting Framework (CARF), which mandates reporting and due-diligence obligations for crypto service providers on all transactions starting 2026.
The Anti-Corruption Bureau has registered a case of disproportionate assets against an official of the Hyderabad Metropolitan Water Supply and Sewerage Board and found assets worth over Rs 5.88 crore during searches.
Prashant Kishor and Dr Jahnavi Das first met while working on a United Nations public health initiative.
A new study by The Energy & Climate Initiative Society (ENCIS) predicts that AI adoption in India's power generation sector will surge from 35% to 65% by 2030, becoming a core operational capability. The study highlights that nearly seven out of ten professionals see power generation as offering the best opportunity for efficiency gains through AI, driven by India's expanding digital infrastructure and significant investments from energy giants. Predictive asset management and proactive maintenance are identified as key areas for AI application, with efficiency being the primary driver for AI investments.
The Enforcement Directorate conducted raids across Maharashtra and Gujarat as part of a money laundering investigation against Mohammad Salim Dola, an alleged drug trafficker associated with the Dawood Ibrahim gang.
A US Congressman has raised serious concerns regarding India's proposed amendments to the Foreign Contribution Regulation Act (FCRA), warning that these changes could lead to government takeovers of religious charities and strain bilateral relations.
'...as we believe with the adoption of AI, our IT services companies' revenue models will have to undergo a reset, which may in turn impact their potential for earnings growth.'
The Odisha Vigilance Department has uncovered significant assets, including multiple buildings and plots of land, allegedly belonging to a government engineer, prompting an investigation into disproportionate assets.
Earlier, most investors counted on traditional options like fixed deposits, gold, or property. But in 2026, you will have access to a much wider range of opportunities across different markets and sectors.
A government engineer in Odisha's Bhadrak district is under investigation after the Vigilance Department allegedly discovered multiple assets, including land plots and residential buildings, disproportionate to his known income sources.
The Narcotics Control Bureau (NCB) has secured the conviction of five individuals involved in a major synthetic drug trafficking case in Mumbai, and has seized assets worth over Rs 6.5 crore linked to the illegal trade.
Political strategist-turned-politician Prashant Kishor's Jan Suraaj Party has secured its first seat in the Bihar Assembly, with Kishor winning the Bankipur bypoll in his electoral debut, stunning the BJP in its long-held bastion.
India's foreign exchange reserves increased by USD 6.118 billion, reaching USD 682.354 billion for the week ending July 24, according to the Reserve Bank of India.
An employee whose financial future is 60-80 per cent dependent on a single company's growth trajectory has no genuine safety net.
The RBI once again said the Tata group holding company's application for deregistration as an NBFC remains under examination.
