Donald Trump has filed a motion seeking 'resolution' of his $10 billion lawsuit against the IRS, raising concerns that he could use control of the Justice Department to negotiate a favorable settlement on his own terms. The suit, originally brought by Trump before he returned to the presidency, targets the IRS over alleged improper disclosure of his tax records. Critics argue the situation presents a direct conflict of interest: as president, Trump effectively oversees the Justice Department attorneys who would represent the government in any settlement talks, giving him unusual leverage over both sides of the negotiation. Legal norms typically require independent oversight of disputes where a sitting president holds a personal financial stake, but no structural mechanism currently prevents the administration from settling on terms favorable to Trump. The practical concern is that a negotiated settlement could result in a multi-billion dollar payout from the federal government to the sitting president with limited external scrutiny. Observers are watching whether Congress or career DOJ officials raise formal objections to the settlement process or recusal questions.
India's government plans to amend the Payment and Settlement Systems Act to restore UPI merchant discount rates, ending the zero-MDR regime in place since January 2020.
India's government has introduced the Taxation and Other Laws (Amendment) Bill, 2026, proposing changes to payments regulation, income tax, and the Finance Act to attract FDI and support Make in India. The Bill's final shape will depend on parliamentary debate and committee review.
The government's Taxation and Other Laws (Amendment) Bill, 2026, proposes to replace the blanket UPI MDR ban with a system allowing the Centre to notify which payment modes stay fee-free.
Prime Minister Narendra Modi inaugurated the Rs 5,000 crore Bhogapuram greenfield airport in Andhra Pradesh, built under a public-private partnership model. He also laid foundation stones for infrastructure projects worth nearly Rs 18,000 crore in the state, signalling a broad investment push for the region.
