Special Court Orders ₹650 Crore Property Restitution to 2,312 Homebuyers in SRS Group PMLA Case Involving ₹2,200 Crore Fraud

GeM Completes 10 Years: ₹20 Lakh Crore GMV, 1.37 Lakh Buyers, 25 Lakh Sellers

The Government e Marketplace (GeM) has completed 10 years as a transformative digital platform for public procurement, achieving a cumulative Gross Merchandise Value of ~₹20 lakh crore. A recent IIT Delhi study (Jul-Aug 2026) found it generated ₹86,571.69 crore in monetised benefits over the last three financial years, making it a critical engine for Viksit Bharat 2047 and Ease of Doing Business.

Supreme Court Orders CBI Probe into Custodial Death, ₹25 Lakh Interim Compensation for 2-Year FIR Delay

The Supreme Court transferred the probe into a 2024 custodial death in Chhattisgarh to the CBI, citing a two-year delay by state police in filing the FIR. It also awarded ₹25 lakh interim compensation to the family, highlighting judicial oversight on police accountability and custodial violence.

2.23 Lakh DPIIT-Startups by Mar 2026; ₹945 Cr Seed Fund & NEP 2020 Push University Incubators

Indian universities are shifting from mere teaching to producing startups, with government schemes (Startup India Seed Fund, Atal Innovation Mission, TIDE 2.0) and NEP 2020 formalising incubation. As of March 2026, India has 2.23 lakh DPIIT-recognised startups generating 23.36 lakh jobs. This structural shift is key for UPSC mains (innovation ecosystem) and prelims (data points).

SC Upholds NCLAT Order Setting Aside CCI's ₹301.6 Cr Penalty on Grasim

The Supreme Court upheld the NCLAT order setting aside CCI's ₹301.6 crore penalty on Grasim Industries for alleged abuse of dominance in the viscose staple fibre market. The Court affirmed that CCI violated natural justice by not providing a hearing after differing from the Director General's findings.

CBI Registers ₹1,816.22 Cr EPFO Investment Fraud Case Against Reliance Capital, Anil Ambani

The CBI has registered a major fraud case involving EPFO funds invested in Reliance Capital NCDs. This highlights issues of corporate governance, public sector investment safety, and regulatory oversight. For exams, focus on EPFO's investment norms, CBI's jurisdiction, and criminal provisions invoked.

SC Proposes Special Courts for CBI & NIA Cases on Manipur Ethnic Violence; 891 Witnesses Yet to Testify

The Supreme Court has proposed setting up exclusive Special Courts to hear cases related to the 2023 Manipur ethnic violence investigated by the CBI and NIA, highlighting the slow pace of trials. With 891 out of 904 witnesses yet to be examined and serious charges including sexual violence, this move aims to expedite justice. For exam aspirants, this links to judicial administration, Article 14 (speedy trial), and the role of special courts under the NIA Act.

US Federal Judge Dismisses Adani Bribery Case Involving $265 Million Solar Contract Allegations

US federal judge dismissed criminal charges against Gautam Adani in a bribery case that alleged $265 million bribes to Indian officials for solar power contracts. The DoJ moved to drop the case citing foreign nature and enforcement priorities, despite judicial concerns over process. This case highlights the reach of US Foreign Corrupt Practices Act (FCPA) and implications for Indian companies raising funds globally.

Rajya Sabha Passes NCDC (Amendment) Bill 2026 Expanding Direct Loans to Cooperatives

Rajya Sabha passed the NCDC (Amendment) Bill 2026, empowering the National Cooperative Development Corporation to give loans and grants directly to cooperative societies. The bill also expands the definition of foodstuffs to include processed food, marking a structural shift in cooperative sector financing. For exam aspirants, this is significant for both Polity (bill passage process, federalism debate) and Economy (cooperative credit, role of NCDC).