Rajasthan HC: Blanket Freeze of Bank Accounts in Cyber Fraud Cases Arbitrary, Confine to Disputed Amount

SC Mandates SOPs to Curb Digital Arrests, Orders Time-Bound Refunds via I4C-RBI Portal

The Supreme Court has directed the Centre, States, RBI, and telecom authorities to implement standard operating procedures (SOPs) to combat 'digital arrest' scams. The order mandates time-bound grievance redressal, zero FIR registration, and money restoration mechanisms. The I4C report shows a 86% reduction in complaints from 2024 to June 2026.

Supreme Court Directs RBI, States, CBI on Digital Arrest Scams: SOP, Kill Switch, ₹18 Cr Restored

The Supreme Court issued interim directions to combat digital arrest scams, including RBI SOP for banks, operationalization of grievance redressal and money restoration modules, and examination of a 'kill switch' for calls. The court noted a decline in reported fraud but stressed continued vigilance. This is crucial for understanding judicial activism in cybercrime and institutional coordination.

RBI Holds Repo Rate at 5.25%; SC Judges Bill Passed as Money Bill; FCRA Amendment Sparks Controversy

This compilation covers critical current affairs for UPSC: the FCRA Amendment Bill facing opposition over asset vesting provisions, the Supreme Court (Number of Judges) Amendment Bill passed as a Money Bill despite controversy, RBI maintaining repo rate at 5.25% with a neutral stance and planning polymer banknotes launch, a new Supreme Court gender sensitivity report replacing the 2023 handbook, and Kerala's worsening floods linked to sedimentation and urbanization. All topics have high Prelims and Mains potential.

Taxation and Other Laws (Amendment) Bill 2026 Allows MDR on UPI: Subsidy Falls to ₹2,000 Cr in FY27

UPI, currently free for users, may become chargeable after the government introduced the Taxation and Other Laws (Amendment) Bill, 2026. The Bill allows the government to notify transactions that can attract Merchant Discount Rate (MDR), potentially ending the zero-MDR regime. For students, this is a key economy/polity topic linking digital payments, financial inclusion, and fiscal policy.

ED Arrests Two Under PMLA in Rs 417 Cr Cyber Fraud Network with 163 FIRs Across 20 States

ED's probe into a Goa digital arrest case uncovers a massive pan-India cyber fraud network involving 330 victims, Rs 417 crore loss, and 163 FIRs across 20 states. The network used shell companies, licensed money changers, and bulk cash deposits to launder proceeds. This is a critical case for understanding PMLA enforcement, cyber crime modus operandi, and money laundering techniques.

Lok Sabha Passes Bill Amending Payment Act to Allow Charges on UPI Transactions

Lok Sabha passed the Taxation and Other Laws (Amendment) Bill, 2026 which amends the Payment and Settlement Systems Act, 2007 to allow the government to permit banks and service providers to levy charges on UPI and other notified electronic payment modes. This marks a major policy shift from the current zero-charge regime for UPI transactions.

Rajya Sabha Passes Bankers' Books Evidence Bill 2026, Replaces British-Era Law with Digital Evidence Framework

Parliament has passed The Bankers' Books Evidence Bill, 2026, replacing the 1891 British-era Act. The new law allows digital and virtual records as admissible evidence, aligning banking evidence with modern practices. It also enables the government to extend the framework to NBFCs and fintech firms via notification.

Karnataka HC Upholds 1.27 Acre Land Acquisition for DRDO's CAIR Project as National Security Imperative

Karnataka HC upheld acquisition of 1.27 acres for DRDO's CAIR project, overriding procedural lapses due to national security. This judgment harmonizes private property rights with constitutional duty to protect the nation.