CBI files FIR after case lodged in Feb by Haryana SV&ABC involving accounts in IDFC First Bank, AU Small Finance Bank. State flags ‘organised fraud’ with potential cross-border trails.
Fraudsters allegedly opened shadow accounts using Panchkula municipal corporation documents, routed funds out while sending fake renewal papers to assure officials.
Amit Kumar, Commissioner of the Municipal Corporation of Chandigarh, said that IDFC First Bank returned Rs 116.84 crore, including interest, after the fraud came to light.
Risk has not been eliminated. It has changed its form—shifting from balance-sheet strain due to non-performing loans to the operational challenges of managing vast, rapidly evolving digital flows.
IEA projects sharp reversal from its earlier expectations, with global demand for oil in 2026 turning negative. Hormuz disruptions have pushed crude prices to $130 per barrel.
We now live in a world order that will keep shifting. India must use this window. This also means we remain disciplined enough not to be knee-jerked into reacting to what Pakistan sees as its moment in the sun.
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