India
RBI’s Current Digital Rupee Will Track Every Transaction, Aiding in the Fight Against Black Money
A top finance ministry official told ANI on Friday that the proposed digital rupee, which will be issued by the Reserve Bank of India (RBI) from the next financial year, will not only enhance the digital economy but also assist fight the menace of black money. He also stated that the RBI will have a complete record of all digital transactions involving the new currency.
“If you buy anything from a shopkeeper and pay with digital money, that digital money is used by the shopkeeper to pay his seller, RBI will have all the data of the transaction done with the digital rupee,” says an RBI official. He claims that if the RBI has a record of every digital transaction, evading taxes will be tough.
There is a provision for ‘tax evasion deterrence.’
In her Budget speech, Finance Minister Nirmala Sitharaman unveiled the Central Bank Digital Currency (CBDC), claiming that it will increase the country’s digital economy significantly. She went on to say that digital currency will lead to a more efficient and cost-effective currency management system. To combat black money, Sitharaman unveiled a new provision in the Union Budget 2022-23 called “Deterrence against tax avoidance.”
She expressed herself as follows: “There is now some confusion surrounding the set-off of brought forward loss against undeclared revenue discovered during search activities. When unreported income or sales suppression, for example, is discovered, it has been shown that tax payment is avoided by writing off losses. To establish certainty and create deterrence among tax evaders, I suggest allowing no set-off against unreported income discovered during search and survey activities.”
JB Mohapatra, Chairman of the Central Board of Direct Taxes (CBDT), explained the new law: “As part of the finance bill, a new clause called 79A was added. This is primarily to prevent people from reporting unreported income. This denial of set-off for brought-forward losses will benefit people who deserve to be taxed on concealed income that they had not declared previously.”
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Navi Mumbai Civic Polls Heat Up as Ganesh Naik and Shinde Sena Clash Over Governance
As the Navi Mumbai Municipal Corporation elections approach, the city’s political atmosphere has turned sharply confrontational, with rival leaders exchanging strong allegations. Veteran BJP leader Ganesh Naik, speaking at public events alongside Chief Minister Devendra Fadnavis, openly challenged opponents from the Shinde faction of Shiv Sena, asserting his influence and warning rivals not to underestimate his political reach. His statements, laced with personal jibes, have heightened tensions in the lead-up to polling.
In retaliation, leaders of the Shinde Sena accused Naik of perpetuating dynastic politics and long-term control that they claim has stalled Navi Mumbai’s development. Party figures, including MP Naresh Mhaske, emphasized that their participation in the elections seeks to offer voters an alternative and to challenge entrenched political dominance.
The conflict has widened beyond personal rivalries. Members of the Shiv Sena (Thackeray)–MNS alliance have also entered the fray, alleging mismanagement of civic resources and instances of tender-related corruption under both Naik and Shinde Sena leaders. They promised to raise grievances with higher authorities if elected, highlighting governance and transparency as central issues in their campaign.
Observers note that while civic development and local issues remain important, the discourse in the final days of campaigning has shifted toward a battle of narratives and counter-accusations, reflecting the high stakes for all parties involved. As polling day nears, Navi Mumbai voters are witnessing a political contest dominated by rivalry, accountability claims, and attempts to sway public perception through aggressive rhetoric.
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Shiv Sena (UBT) Leader Prakash Patil Appeals to Agri Community in Navi Mumbai
Shiv Sena (UBT) district president Prakash Patil addressed residents of Navi Mumbai in the local Agri language, aiming to strengthen the party’s connection with the community ahead of the upcoming civic elections. Speaking to a gathering of supporters, Patil highlighted long-standing grievances regarding underdevelopment and alleged neglect of the area by successive political leaders.
Patil questioned why development projects catering to village residents had been overlooked for the past 15 years, despite political parties, including the NCP and BJP, holding power in the region. He accused influential local leaders, including Forest Minister Ganesh Naik, of ignoring the needs of the Agri community, which forms a vital part of the region’s social fabric.
Recalling the legacy of Loknete D.B. Patil, he asked whether any current leaders had recognized his efforts for the community. Emphasizing the Shiv Sena (UBT)’s inclusive approach, Patil noted that the party’s manifesto highlights the welfare of diverse groups, including the Agri, Koli, and Muslim communities.
He also addressed internal alliance dynamics, acknowledging that disagreements exist but attributing them to political opponents attempting to create divisions ahead of elections. Patil urged citizens to focus on local development and community welfare, rather than being swayed by such disruptions.
The address underscores Shiv Sena (UBT)’s strategy to engage directly with the Agri community using their native language, emphasizing local issues and promises of inclusive development. With civic polls approaching, the party aims to consolidate support among traditional voter bases while highlighting perceived neglect by rival parties.
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Navi Mumbai Supply Department Official Arrested for Taking ₹5 Lakh Bribe
In a major anti-corruption crackdown, the Thane Anti-Corruption Bureau (ACB) has arrested a senior officer of the Supply Department in Navi Mumbai for allegedly accepting a bribe of Rs5 lakh through intermediaries. The accused has been identified as Anil Taksale, Deputy Commissioner of the Supply Department, posted at Konkan Bhavan.
According to ACB officials, the arrest followed a complaint lodged by a local rice trader who alleged that Taksale demanded illegal gratification to provide relief in a departmental case and to allow his business to function without interference. The complainant claimed that the officer had initially demanded a one-time bribe of Rs5 lakh and was also seeking a monthly payment of Rs1.5 lakh to avoid future action.
Acting on the complaint, the ACB laid a trap near a hotel in CBD Belapur. During the operation, two middlemen — Sai Pratim Madhav Amin (42) and Raja Ganesh Thevar (52) — were caught red-handed while accepting the bribe amount on behalf of the officer. Based on their statements and evidence gathered, Taksale was subsequently arrested from his office at Konkan Bhavan.
A case has been registered under relevant sections of the Prevention of Corruption Act at the CBD police station. The ACB is now investigating whether the accused officer was involved in similar corrupt practices with other traders and if more officials are part of the alleged nexus.
The arrest has sent shockwaves through the administrative machinery, once again highlighting concerns over corruption within government departments.
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