AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
RBI will conduct a Variable Rate Reverse Repo (VRRR) auction of ₹2 lakh crore on October 5, 2026, to manage liquidity. The 1-day auction will be held from 9:30 AM to 10:00 AM with reversal on October 6.
The IPO's Draft Guidelines for Examination of Pharmaceutical Patent Applications (2026) face criticism for misquoting statutes and introducing inconsistent standards, prompting calls for comprehensive revision before finalisation.
A third-year student at HPNLU Shimla is undergoing treatment after a suicide attempt; alleges false ragging complaint and university inaction in video note.
Justice Vinod Diwakar of the Allahabad High Court observed that full court meetings are often stage-managed like political confidence motions, with only 16 such meetings held in the past decade, raising concerns about judicial independence.
India’s services exports in August 2026 amounted to $37.5 billion, with imports at $20.3 billion. The trade surplus in services remained robust, supporting the current account.
The RBI conducted an Additional Competitive Underwriting (ACU) auction on October 1, 2026, setting cut-off rates for underwriting commissions on government securities. Details on specific rates and allocations were withheld in the release.
The weighted average lending rate (WALR) on fresh rupee loans of scheduled commercial banks stood at 8.61% in August 2026, up slightly from 8.52% the previous month. The WALR on outstanding loans declined marginally to 8.96%.
The Reserve Bank of India conducted a 4-day Variable Rate Reverse Repo (VRRR) auction on October 1, 2026, with a notified amount of ₹2,00,000 crore. The auction was fully subscribed, with ₹1,68,055 crore accepted at a uniform cut-off rate of 5.24%.
CBIC notifies Special Notified Zone at Surat Diamond Bourse for rough diamond trade activities.
CAAR Mumbai held MILDS Block 2 aircraft components eligible for customs duty exemption with Condition No. 17 certification.
CAAR Mumbai classified embedded Wi-Fi, cellular, and GNSS modules under CTI 8517 79 90, permitting nil BCD under Notification 57/2017.
CAAR Mumbai ruled kitchen exhaust hoods over 120 cm with integral fans fall under CTH 8414 80 90, not 8414 59 90, affecting duty rates.
Section 52 restricts securities premium use to bonus issue, expense write-off, issue cost, redemption premium, and buy-back.