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ED: IBC norms misused for laundering in RCFL cases

The IBBI cancelled Chandra Prakash Jain’s registration as a resolution professional. This action followed an ED probe into ten insolvency cases linked to Reliance Commercial Finance. The investigation revealed Jain allegedly ignored significant financial red flags and due diligence requirements. The IBBI stated the IBC framework was misused for tax avoidance and money laundering. Creditors

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Kharif acreage falls 16%, but ethanol effect boosts sugarcane

Overall kharif crop acreage has fallen sixteen percent as of last Friday. Sugarcane acreage, however, has increased despite water resource pressures. Pulses and cereals show the highest decline in sown area this season. Farmers continue to favor cash crops for better market prices. This trend supports government ethanol initiatives and reduces import bills.

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Ram Mandir Trust invites CEO applications: Must be a ‘practising Hindu, Ram bhakt’

The Ram Janmbhoomi Teerth Kshetra trust is seeking applications for its first chief executive officer. This professional role aims to enhance the management of the Ayodhya Ram temple operations. The trust decided to appoint a CEO after recent allegations of donation theft by cash-counting agents. Applications are open for eligible Hindu candidates with extensive managerial

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AAP launches signature drive to seek death for Ayodhya donation thieves

Arvind Kejriwal has initiated a nationwide signature campaign demanding capital punishment for those accused of theft. He launched the drive in Delhi, signing an open letter to Prime Minister Narendra Modi. Kejriwal urged citizens to organize Hanuman Chalisa recitations and gather signatures for the letter. Delhi BJP functionary Praveen Kapoor stated the campaign aims to

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One Indian crew member killed, 6 injured after Iran strikes UAE tankers in Strait of Hormuz

Two UAE-flagged tankers were struck by Iranian cruise missiles in Omani waters. One Indian crew member died and eight others sustained injuries in the attack. The UAE condemned the incident as a serious violation of international law. This escalation occurs amid rising military tensions in the Strait of Hormuz. The US Central Command also launched

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Citing former PM Manmohan Singh, BJP says Congress has habit of discrediting Election Commission

The BJP cited Manmohan Singh’s remarks to accuse Congress of attacking institutions. Congress countered by referencing Quraishi’s book to criticize Prime Minister Modi. The BJP alleged ministers targeted the poll body when the UPA was in power. Salman Khurshid was censured for promising an enhanced Muslim quota during a campaign. Singh viewed the EC as

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Anti-graft bills not aimed at undercutting non-BJP governments, says ministry of home affairs

The home ministry has rejected opposition claims regarding anti-corruption bills. These proposed laws aim to remove arrested officials after thirty days in custody. Legislative membership remains intact, ensuring government stability is unaffected. The ministry asserts the mandate is protected by ensuring effective and trustworthy governance. Parliamentary committees are scrutinizing these proposed anti-corruption measures.

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Supreme Court seeks Ram mandir fund probe status report in a week

The Supreme Court is now overseeing the Ayodhya Ram Mandir donation embezzlement probe. It has directed the UP government’s Special Investigation Team to submit a status report. The court is considering multiple public interest litigations seeking independent investigations. The probe has already led to the arrest of eight individuals involved in suspicious activities. Further hearings

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India launches UNSC campaign for 2028-29 term, Jaishankar unveils ‘SHANTI’ vision

India officially launched its campaign for a United Nations Security Council seat. External affairs minister S Jaishankar highlighted the country’s peacekeeping and development partnerships. India presented its SHANTI vision for global governance and cooperation among nations. The nation seeks support for its candidature amid a changing global landscape. India previously served eight terms as a

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Supreme Court quashes Guwahati high court order on 27 ‘foreigners’

The Supreme Court stressed fair procedures for declaring individuals foreign nationals. It found fault with tribunals and the Guwahati High Court’s actions. Many orders were quashed as they lacked hearings for affected people. The court directed tribunals to provide fresh hearings and reconsider cases. This ensures lawful adjudication and protects constitutional rights for all.

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