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1. 'Gravest sin': Priyanka Gandhi says Ram Temple donation fraud has 'stunned entire nation'

'Gravest sin': Priyanka Gandhi says Ram Temple donation fraud has 'stunned entire nation' Congress MP Priyanka Gandhi Vadra has called for a transparent investigation into the alleged irregularities i

'Gravest sin': Priyanka Gandhi says Ram Temple donation fraud has 'stunned entire nation'

'Gravest sin': Priyanka Gandhi says Ram Temple donation fraud has 'stunned entire nation' Congress MP Priyanka Gandhi Vadra has called for a transparent investigation into the alleged irregularities in donations at the Ram Temple, saying those responsible must face strict punishment if found guilty. In a post on X, Priyanka Gandhi alleged that the reported theft and misappropriation of temple offerings had shaken the faith of millions of devotees and described it as an act against the ideals represented by Lord Ram. “Those who have stolen from the Ram Temple have committed the gravest sin of shattering the fundamental spirit of religion and faith,” she wrote. Questions role of authorities The Congress leader questioned whether such alleged irregularities could have been carried out solely by lower-level employees. “This question is also crucial: Can mere low-level employees, on their own, turn off CCTV cameras and tamper with thousands of crores in offerings, or is there complicity of some big players behind it?” she wrote. Also read: How Ram temple ‘donation theft’ unfolded: 8 arrested, Rs 80 lakh cash recovered; SIT finds counting unit linkCalls for transparent investigation Priyanka Gandhi demanded that the investigation be conducted transparently and not be used to shield anyone involved. She said the inquiry should determine whether larger players were complicit in the alleged wrongdoing and asserted that everyone found responsible should be given strict punishment under the law. On Fridays, Ram Janmabhoomi Trust General Secretary Champat Rai and member trustee Anil Mishra resigned, taking moral responsibility for the alleged embezzlement of Ram Mandir donations.

2. ETLegalWorld's B&FLS Set to Convene India's Top Legal Minds Next Week

ETLegalWorld's B&FLS Set to Convene India's Top Legal Minds Next Week - Industry - 4 min read ETLegalWorld's B&FLS Set to Convene India's Top Legal Minds Next Week The event's Chairperson Address will

ETLegalWorld's B&FLS Set to Convene India's Top Legal Minds Next Week

ETLegalWorld's B&FLS Set to Convene India's Top Legal Minds Next Week - Industry - 4 min read ETLegalWorld's B&FLS Set to Convene India's Top Legal Minds Next Week The event's Chairperson Address will be delivered by Nilanjan Sinha, General Counsel, ICICI Bank, who will examine how global geopolitical tensions and changes are fundamentally redrawing the map of Indian banking and finance law in 2026. The third edition of ETLegalWorld’s Banking & Finance Law Summit (BFLS) is set to take place in less than a week, bringing together some of India's most prominent banking lawyers, compliance officers, general counsels, and regulatory officials under one roof for an evening of substantive dialogue and debate. Themed "Rewriting the Financial Legal Playbook: Regulation, Risk & Resilience in 2026," the summit will open with a Welcome Address by Maulik Vyas, Senior Editor, The Economic Times, before diving into a packed agenda that traverses everything from AI and capital markets regulation to financial crime and boardroom accountability. The event's Chairperson Address will be delivered by Nilanjan Sinha, General Counsel, ICICI Bank, who will examine how global geopolitical tensions and changes are fundamentally redrawing the map of Indian banking and finance law in 2026. Panel Discussions: The discussion will probe how financial institutions are recalibrating their legal and compliance frameworks as AI reshapes credit, trading, and regulatory oversight simultaneously. The third edition of ETLegalWorld's Banking and Finance Law Summit is bolstered by the support of Kroll, Trilegal, Nasdaq, and KNM & Partners Law Offices, who join the event as Supporting Partners. Themed "Rewriting the Financial Legal Playbook: Regulation, Risk & Resilience in 2026," the summit will open with a Welcome Address by Maulik Vyas, Senior…

3. Tax authorities appeal to reinstate ₹368.72 crore GST penalty on Tata Steel

Tax authorities appeal to reinstate ₹368.72 crore GST penalty on Tata Steel - Corporate & Business - 2 min read Tax authorities appeal to reinstate ₹368.72 crore GST penalty on Tata Steel The appeal,

Tax authorities appeal to reinstate ₹368.72 crore GST penalty on Tata Steel

Tax authorities appeal to reinstate ₹368.72 crore GST penalty on Tata Steel - Corporate & Business - 2 min read Tax authorities appeal to reinstate ₹368.72 crore GST penalty on Tata Steel The appeal, filed on June 16 by the Assistant Commissioner, CGST & Central Excise, Jamshedpur, challenges the December 18, 2025, adjudication order to the extent it waived the penalty. Tata Steel Limited said tax authorities have filed an appeal seeking restoration of penalties worth ₹368.72 crore that were earlier dropped in a GST adjudication order, even as proceedings on the underlying demand remain stayed by the Jharkhand High Court, according to a stock exchange filing. "On June 16, 2026, the Assistant Commissioner, Division-I, CGST & Central Excise, Jamshedpur, Jharkhand filed an appeal before the Commissioner (Appeals) of CGST & Central Excise, Ranchi against the above-mentioned Adjudication Order dated December 18, 2026, to the extent that the Adjudicating Authority has dropped the penalty amounting to ₹368,72,21,158/-," Tata Steel said in its exchange filing. The appeal, filed on June 16 by the Assistant Commissioner, CGST & Central Excise, Jamshedpur, challenges the December 18, 2025, adjudication order to the extent it waived the penalty. The original show-cause notice, issued in June 2025, proposed disallowance of input tax credit for FY2018-19 to FY2022-23, with an aggregate GST demand of about ₹1,007.55 crore. Of this, Tata Steel said it had already paid ₹514.19 crore in the normal course, leaving an alleged exposure of ₹493.35 crore. In December 2025, the adjudicating authority confirmed the tax demand of ₹493.35 crore, imposed a penalty of ₹638.83 crore and applicable interest, while dropping an earlier proposed penalty of ₹368.72 crore. Tata Steel subsequently moved the Jharkhand High Court, which granted a stay on all further proceedings in…

4. 'Silver missing, Rs 80 lakh recovered': 8 in judicial custody over Ram Mandir donation fraud

'Silver missing, Rs 80 lakh recovered': 8 in judicial custody over Ram Mandir donation fraud LUCKNOW: The eight accused arrested in the alleged donation theft at the Ayodhya Ram temple were produced b

'Silver missing, Rs 80 lakh recovered': 8 in judicial custody over Ram Mandir donation fraud

'Silver missing, Rs 80 lakh recovered': 8 in judicial custody over Ram Mandir donation fraud LUCKNOW: The eight accused arrested in the alleged donation theft at the Ayodhya Ram temple were produced before a court in Ayodhya on Friday which sent them to jail in judicial custody till Monday. The accused-Ramashankar Yadav alias Tinnu, Anukalp Mishra, Avinash Shukla, Karunesh Pandey, Manish Yadav, Lavkush Mishra, Ram Shankar Mishra and Subhash Srivastava-will be produced before the court again on Monday. Police also recovered Rs 79.85 lakh cash allegedly linked to the embezzled donation amount from all the accused except Subhash Srivastava from whom no cash was recovered. Also read: Hidden cams, CCTV footage helped SIT nail Ram temple donation theft accusedApart from the eight arrested persons, the FIR also mentions 'others' on the list of accused, indicating that more names might be added during the investigation. All of them have been booked under relevant sections of the BNS for criminal conspiracy, criminal breach of trust, dishonestly receiving stolen property. Missing silver Although none of the accused so far are govt employees, the invocation of Sections 13 (1) of the Prevention of Corruption Act, which deals with criminal misconduct by a public servant, indicates that the scope of the probe would be expanded further. Meanwhile, confusion prevailed on Friday over the resignation of Champat Rai from the post of general secretary of the Shri Ram Janmabhoomi Teerth Kshetra Trust. Trust member Anil Mishra also reportedly resigned, but neither the trust nor the Vishwa Hindu Parishad confirmed or denied it.

5. Honasa Consumer gets ₹25.5 crore relief as tribunal revises arbitral award

Honasa Consumer gets ₹25.5 crore relief as tribunal revises arbitral award - Corporate & Business - 2 min read Honasa Consumer gets ₹25.5 crore relief as tribunal revises arbitral award Honasa Consume

Honasa Consumer gets ₹25.5 crore relief as tribunal revises arbitral award

Honasa Consumer gets ₹25.5 crore relief as tribunal revises arbitral award - Corporate & Business - 2 min read Honasa Consumer gets ₹25.5 crore relief as tribunal revises arbitral award Honasa Consumer secured enhanced damages after the arbitral tribunal rectified award errors in a dispute with RSMM. Honasa Consumer Limited on Friday said an arbitral tribunal has issued a favourable rectification order, enhancing the damages awarded to the company in its dispute with RSMM General Trading LLC, according to a stock exchange filing. "The Company had filed an application on June 12, 2026, under Section 33 of the Arbitration and Conciliation Act, 1996, to rectify certain computational and clerical errors in the initial Award," Honasa Consumer said. "The Arbitral Tribunal has allowed the application in favour of the Company vide an order dated June 26, 2026 (Section 33 Order) received on June 26, 2026 at 12:42 pm (IST)." The order, passed on June 26 under Section 33 of the Arbitration and Conciliation Act, corrects computational and clerical errors in the arbitral award issued on May 14. The arbitration was conducted by a sole arbitrator, Justice (Retd.) Hrishikesh Roy, in relation to breaches of an authorised distributor agreement. Following the rectification, the amount awarded to the Company for loss of profits arising from RSM’s breaches of the Authorised Distributor Agreement (ADA) has been corrected from AED 4.34 million to AED 7.32 million due to a computational error, while the costs awarded for substitution incurred by the Company have been aligned with the Company’s Statement of Claim, corrected from AED 1,060,584 to AED 744,758 The tribunal also added a direction requiring RSMM to indemnify Honasa against any amounts recovered from it under related Dubai court proceedings. In total, RSMM has been directed to pay Honasa AED 9.92 million,…

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