Supreme Court Questions Whether Bank Of India Alone Can Face Octroi Prosecution After Officials Get Relief

The Supreme Court on Friday questioned whether criminal proceedings for alleged octroi violations can continue against Bank of India after the Bombay High Court quashed proceedings against its senior officials while allowing the case against the bank to continue. The issue arose while the Court was hearing the Bank of India's plea challenging the Bombay High Court's December 8, 2025 judgment. The High Court had quashed proceedings before the Judicial Magistrate First Class (JMFC), Pune, against...

Aam Aadmi Party MP Raghav Chadha Introduces Asset Tokenisation Bill In Parliament

Aam Aadmi Party MP Raghav Chadha has introduced a Private Member's Bill in Parliament titled the Asset Tokenisation (Regulation) Bill, 2026, aiming to establish a legal framework for regulating tokenised real-world assets in India.A token is a digital item representing ownership or value and exists on a shared online system, such as a blockchain. Tokens may represent various assets or rights, including currencies, voting power, or other entitlements. A token's value can be monetary, social,...

DGFT Imposes Import Curbs On Umbrellas With CIF Value Below ₹100

On 5 February 2026, the Directorate General of Foreign Trade (DGFT), under the Ministry of Commerce and Industry, issued a notification amending the import policy for umbrellas from “Free” to “Restricted”. The change applies to umbrellas classified under Chapter 66 of Schedule I (Import Policy) of India's Import Trade Classification (Harmonised System), 2022. However, imports of umbrellas will continue to be treated as “Free” where the CIF value is Rs. 100 or more per piece. CIF value...