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1. Irdai floats proposal to tap insurer premiums for policyholder fund

Irdai floats proposal to tap insurer premiums for policyholder fund

Irdai floats proposal to tap insurer premiums for policyholder fund Mumbai: India's insurance sector regulator has sought feedback on whether insurers should contribute a portion of their premium income to the Policyholders' Education and Protection Fund (PEPF), a new ₹800-crore corpus created for awareness and policyholder protection. The proposal forms part of a consultation paper released by the Insurance Regulatory and Development Authority of India (Irdai) on Tuesday on the regulatory framework for the fund, which was constituted in March 2026 following the enactment of the Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Act, 2025. The law seeks to expand insurance coverage in line with the government’s goal of ‘insurance for all by 2047’, while enhancing protection for policyholders. Irdai has specifically sought comments on whether insurers should be required to transfer a percentage of gross direct premium to the fund and, if so, what that percentage should be. The regulator said the fund will support insurance literacy programmes, grievance redressal initiatives, technology-enabled services for policyholders and systems to help trace and recover unclaimed insurance amounts. The PEPF was created under Section 16A of the Irdai Act, 1999, inserted through the amended insurance law. The fund can receive grants and donations from central and state governments, contributions from Irdai, penalties collected under insurance laws and other sources prescribed through regulations. Used for awareness According to the consultation paper, income generated from investing the corpus may be used to finance nationwide awareness campaigns, strengthen grievance support systems and develop services such as proactive alerts for policyholders during natural calamities and emergencies.

2. ED searches Rajesh Exports premises over ₹3,000-cr dubious deals, gold mismatch

ED searches Rajesh Exports premises over ₹3,000-cr dubious deals, gold mismatch

ED searches Rajesh Exports premises over ₹3,000-cr dubious deals, gold mismatch The Enforcement Directorate (ED) on Tuesday carried out searches at nine premises linked to Rajesh Exports Ltd. (REL) in Bengaluru and Mumbai as part of an ongoing investigation, with officials examining suspected benami share transactions, discrepancies in gold inventory and questionable overseas transactions. Search operations were still underway at the time of filing this report. "Investigation conducted so far has revealed multiple transactions in the scrip of Rajesh Exports through benamidars. Preliminary findings indicate that over $20 million may have been siphoned out of the country through such transactions," an ED official said on condition of anonymity. According to officials, search teams also detected a significant mismatch between the company's declared gold inventory and the physical stock available at the premises searched. "Physical verification carried out during the searches has shown that the gold stock found was around 40% lower than the stock reflected in the books," the official said. Investigators are also examining transactions involving nearly ₹3,000 crore of trade receivables that were allegedly adjusted against gold imports, the delivery of which is under scrutiny. "We are examining a case where trade receivables of around ₹3,000 crore have been set off against gold imports whose delivery appears suspicious," the official said.

3. Bengaluru Court issues NBW against actor Prakash Raj in electoral roll case

Bengaluru Court issues NBW against actor Prakash Raj in electoral roll case A Bengaluru court has issued a non-bailable warrant (NBW) against actor and former independent Lok Sabha candidate Prakash R

4. Harish Rao demands CBI or Central vigilance inquiry into alleged scams in SCCL

Harish Rao demands CBI or Central vigilance inquiry into alleged scams in SCCL Bharat Rashtra Samithi (BRS) leader T. Harish Rao on Tuesday mounted a scathing attack on the Congress government, accusi

5. US Supreme Court backs Trump administration in Green Card holder deportation case

US Supreme Court backs Trump administration in Green Card holder deportation case

US Supreme Court backs Trump administration in Green Card holder deportation case The Supreme Court sided with the Trump administration Tuesday in an immigration case dealing with the government’s power over green card holders accused of crimes. The 6-3 decision centers around an immigration officers’ 2012 decision to put lawful permanent resident Muk Choi Lau on immigration parole when he returned from a short trip to China because he had been accused of a counterfeiting crime. Lau argued that overstepped the officer's authority, and the decision wrongly allowed the Department of Homeland Security to swiftly begin deportation proceedings after he pleaded guilty to selling counterfeit clothes in New Jersey. The high court disagreed. “Border officers did not have the burden to establish by clear and convincing evidence that Lau had committed a crime involving moral turpitude,” Justice Clarence Thomas wrote in the opinion. Justice Ketanji Brown Jackson disagreed, writing that the decision to put Lau on immigration parole effectively sentenced him to “immigration limbo” before he’d been convicted of any crime, she wrote. “I worry that the Court has now handed the Government a massive blank check,” she wrote in a dissent joined by her two liberal colleagues. The decision comes as the high court considers a series of immigration-related issues against the backdrop of President Donald Trump’s sweeping immigration crackdown, though this case started before Trump took office. His administration argued that suspicion of a crime is enough to put a lawful permanent resident, also known as a green-card holder, on immigration parole. Federal attorneys urged the court to take an expansive view of executive authority over immigration.

1. T.K.A. Padmanabhan vs. Abhiyan Cooperative Group Housing Society Ltd. through its Secretary (04.06.2026 - SC)(MANU/SC/0644/2026)

The Supreme Court of India addressed whether T.K.A. Padmanabhan's consumer complaint against Abhiyan Cooperative Group Housing Society Ltd. could be referred to arbitration due to an arbitration claus

2. Maniyar Iliyaz and Ors. vs. P. Ayyappan and Ors. (19.06.2026 - SC)(MANU/SC/0643/2026)

The Supreme Court of India addressed the fundamental right to walk on demarcated footpaths, emphasizing its precedence over motorized vehicle movement, in the case of Maniyar Iliyaz and Ors. vs. P. Ay

3. Rajat Kumar and Ors. vs. S.D. Adarsh Jain Kanya Maha Vidyalaya, Sadhaura and Ors. (19.06.2026 - SC)(MANU/SC/0642/2026)

The Supreme Court of India addressed the dispute between Rajat Kumar and others, legal heirs of Om Parkash, and S.D. Adarsh Jain Kanya Maha Vidyalaya, Sadhaura and others, concerning the removal of an

4. Rajesh Sharma vs. North Delhi Municipal Corporation and Ors. (17.06.2026 - SC)(MANU/SC/0641/2026)

The Supreme Court of India addressed whether the Commissioner of the North Delhi Municipal Corporation was competent to dismiss Rajesh Sharma, an Executive Engineer, from service following his convict

5. Special Police Establishment vs. Kamta Prasad Mishra and Ors. (15.06.2026 - SC)(MANU/SC/0638/2026)

The Supreme Court of India addressed whether the Special Police Establishment (SPE) of Madhya Pradesh could be exempted from the Right to Information Act, 2005, under a notification claiming it as an

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