- Court Order: The Special Court for People’s Representatives in Bengaluru has ordered the registration of an FIR against Union Finance Minister Nirmala Sitharaman.
- Allegations: The complaint alleges that Sitharaman orchestrated a scheme of extortion using electoral bonds, in collaboration with the Enforcement Directorate (ED) and other individuals holding constitutional posts.
- Electoral Bonds: Electoral bonds, introduced in 2017, allow donors to buy bonds from the State Bank of India (SBI) and donate anonymously to political parties.
- Supreme Court Ruling: The Supreme Court struck down the electoral bonds scheme as unconstitutional in February 2024, citing it infringed on citizens’ right to information about political funding.
- Complaint Details: The complaint was filed by Adarsh Iyer, Co-President of Janaadhikaara Sangharsha Parishath, a non-government organization.
- Involved Parties: Besides Sitharaman, the complaint names BJP chief JP Nadda, Karnataka BJP chief Vijayendra, and former BJP MP Naleen Kumar Kateel.
- Extortion Claims: The complaint alleges that the Finance Minister conspired with the ED to conduct raids on companies like Vedanta, Sterlite, and Aurobindo Pharma to extort money through electoral bonds.
- Political Reactions: Karnataka Chief Minister Siddaramaiah has called for Sitharaman’s resignation after the court order.
- Legal Uncertainties: It remains unclear if the police can conduct an investigation against the Finance Minister without approval from the President.
- Public Impact: The case has sparked significant public and political debate, highlighting concerns over transparency and accountability in political funding.
-
Why a Flat Sensex at 78,542 Is Hiding the Real Story — and Which Levels Decide the Next Move
Markets · India Equity Briefing · Tuesday, 11 August 2026 Why a Flat Sensex at 78,542 Is Hiding the Real Story — and Which Levels Decide the Next Move IMD India Markets DeskFigures cross-checked against NSE India, BSE, RBI, MoSPI and exchange filings Updated 11 August 2026, pre-openCovers the 10 August close, FY27 macro data…
-
GIFT Nifty Showed a 110-Point Gap Today — Why Nifty 50 Closed Up Just 13 Points
Markets · Derivatives · India, session of 10 August 2026 GIFT Nifty Showed a 110-Point Gap Today — Why Nifty 50 Closed Up Just 13 Points MD Markets DeskChecked against NSE IX press releases, exchange quote pages and same-day market wraps Updated 10 August 2026, 8:30 PM ISTCovers the GIFT Nifty and Nifty 50 session…
-
Shivalik Bimetal’s Share Price Has Nearly Tripled From Its March Low — What Drove the Rally, and What Has to Go Right Now?
₹1,04310 Aug high +180%From Mar low ₹5,305 crMarket cap 50xTTM P/E ₹616 crTTM revenue 33.6%Promoter Markets · Smallcap · India Shivalik Bimetal’s Share Price Has Nearly Tripled From Its March Low — What Drove the Rally, and What Has to Go Right Now? DF DailyFinancial Markets DeskBuilt from exchange filings, quarterly results and multiple broker…
-
Why Does Your YES Bank Mobile Banking Login Keep Failing — and Which Fix Should You Try First?
Digital Banking · Security · India Why Does Your YES Bank Mobile Banking Login Keep Failing — and Which Fix Should You Try First? DF DailyFinancial Digital Banking DeskChecked against YES BANK investor disclosures, RBI circulars, NPCI rules and official app listings Updated 9 August 2026Covers the IRIS by YES BANK app for Indian retail…
-
How Many Days Does an ITR Refund Take After Processing — and When Should You Raise a Grievance?
Income Tax · Refunds · AY 2026-27 How Many Days Does an ITR Refund Take After Processing — and When Should You Raise a Grievance? DF DailyFinancial Tax DeskWritten and fact-checked against CBDT releases and the official e-filing portal Updated 9 August 2026Covers ITRs filed for AY 2026-27 (FY 2025-26) You filed on time. You…
-
1,200% Dividend Alert: 113-Year-Old NBFC Stock Sets August 12 Record Date For Its ₹120 Per Share Payout
Corporate Action Alert 1,200% Dividend Alert: 113-Year-Old NBFC Stock Sets August 12 Record Date For Its ₹120 Per Share Payout The Industrial & Prudential Investment Company has fixed Wednesday, 12 August 2026 as the record date for a final dividend of ₹120 per equity share for FY26. The headline percentage is among the largest on…
