ED compounds 150+ FEMA cases with RBI nod to cut legal delays

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India's Enforcement Directorate has resolved over 150 Foreign Exchange Management Act cases through compounding in the past 15 months. The settlements were carried out with no-objection certificates issued by the Reserve Bank of India. Under this approach, violators pay a prescribed penalty instead of facing prolonged legal proceedings. The move is aimed at speeding up case resolution and creating a more business-friendly regulatory environment in India.

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Puri calls mileage concerns over E20 fuel minor, dismisses social media claims

Petroleum Minister Hardeep Singh Puri has addressed growing public concern over ethanol-blended E20 fuel, describing circulating social media narratives as 'make-believe.' He acknowledged a marginal reduction in mileage but noted that E20 can offer benefits such as improved vehicle acceleration. The ministry has issued a detailed clarification to counter what it calls misinformation about ethanol blending. Officials also pointed to the long historical backing of ethanol as a fuel additive, referencing early advocates like Henry Ford, to reinforce its credibility and safety.

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Modi, Japan's Takaichi Reaffirm Commitment to Early Quad Summit

Prime Minister Narendra Modi and Japanese leader Sanae Takaichi have jointly called for an early Quad summit, underscoring the importance of freedom of navigation in the Strait of Hormuz. The two leaders issued a joint statement strongly condemning cross-border terrorism originating from Pakistan, naming groups such as Jaish-e-Mohammed and Lashkar-e-Taiba. Both nations expressed support for India's membership in the International Energy Agency. India and Japan also jointly opposed unilateral actions destabilising the East and South China Seas.

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India sends notices to Telegram and Signal over username fraud concerns

The Indian government has issued formal notices to Telegram and Signal, following an earlier directive sent to Meta's WhatsApp. Authorities are demanding that both platforms explain how their username systems work and what safeguards are in place to prevent fraud, impersonation, and scams. The platforms have been given three days to respond to the government's queries. Officials also specifically questioned Telegram about its username feature, expressing concerns over its potential misuse for cybercrime.

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