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September 24, 2026
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Direct tax payment gateway integration enables nationwide payments through digital options, branch channels, and customers' respective internet-banking services.
IDFC FIRST Bank's payment-gateway integration for Central Board of Direct Taxes collections enables Direct Tax payments through UPI, credit cards, debit cards, Retail and Corporate Internet Banking, and branch-based cheque, demand draft, or cash payments. Customers of other banks may use their own internet-banking facilities through the gateway. Taxpayers create a challan on the Income Tax e-Filing Portal, select Payment Gateway and IDFC FIRST Bank, choose a payment mode, complete payment, and download or print the paid challan. Payment confirmations are also accessible.
September 24, 2026
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Insurance distribution controls target commissions, expenses and loan-linked sales, reshaping bancassurance arrangements and intermediary remuneration structures.
IRDAI's consultation proposals for insurance distribution contemplate lower Expenses of Management limits, tighter commission controls, and greater control over loan-linked insurance practices. The prospective framework concerns insurer and intermediary remuneration, distribution expenses, and bancassurance fee structures. Reported concerns centre on potential effects on insurer earnings, intermediary economics, and lending-linked distribution arrangements; the measures are not described as final operative obligations or enforcement action.
September 24, 2026
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Personal loan eligibility and repayment planning: loan variants and digital applications remain subject to assessment, verification, and applicable terms.
Eligible customers may seek collateral-free personal loans within stated amount, tenure and interest-rate ranges. Loan amount, interest rate and tenure determine the EMI and total interest payable, while calculator results are estimates rather than final repayment obligations. Eligibility includes nationality, age, employment and credit-score conditions, but approval, final pricing and loan amount remain subject to lender assessment, document verification and applicable terms. Online applications require personal, financial and employment details and KYC verification.
September 24, 2026
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Nidhi company deposits lack insurance protection, requiring verification of government declaration before relying on high-return promises.
Each company seeking to function as a Nidhi must file Form NDH-4 for declaration or updated Nidhi status and comply with the Companies Act, 2013 and applicable Nidhi Rules. Nidhi companies may accept deposits and grant loans only to members. Public investors should verify declared Nidhi status rather than rely on unusually high-return promises, agent representations, or informal assurances. Deposits with Nidhi companies are not insured by the Deposit Insurance and Credit Guarantee Corporation, and recovery may be difficult where a company fails or fraud occurs.
September 24, 2026
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FCNR(B) liquidity deployment remains within banks' discretion, guided by credit pipelines, asset-liability positions, and prudent underwriting standards.
Banks retain full discretion to deploy liquidity mobilised through FCNR(B) deposits, based on their credit pipeline, lending proposals, liquidity outlook and asset-liability position. No sector-specific direction applies to use of these funds. FCNR(B) deposits are fixed-term foreign-currency deposits in which principal and interest are repayable in the same foreign currency, protecting non-resident depositors from direct rupee exchange-rate risk. Continued prudent credit appraisal and underwriting standards are expected.
September 24, 2026
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Compulsory Muslim marriage registration shifts registration to registrars under a statewide procedural framework, with local officials authorised when needed.
Compulsory registration of Muslim marriages will operate under the Assam Muslim Marriage Registration (Compulsory) Rules, 2026, framed under the Assam Compulsory Registration of Muslim Marriage and Divorces Act, 2024. Registration will be undertaken by registrars, with panchayat-level officials potentially authorised where application volumes require additional capacity. The framework addresses the registration forum after kazis were barred from registering Muslim marriages.
September 24, 2026
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Macroeconomic resilience supports fiscal consolidation, financial-sector stability, and orderly foreign-exchange management through persistent global and market shocks.
Policy management emphasises clear communication, policy certainty, macroeconomic and financial-sector stability, efficient use of buffers, and sustained structural reform. Fiscal prudence is treated as necessary to avoid unsustainable stimulus and preserve long-term stability. External-sector resilience rests on services exports and remittances, while oil and gold shocks and weaker capital inflows have created temporary balance-of-payments pressure. Further improvement is linked to lower oil dependence, export diversification, trade agreements, capital inflows and orderly foreign-exchange market management.
September 24, 2026
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Software export growth strengthens IT ecosystem as campus expansion supports startup activity, infrastructure development, and skilled employment.
Software export revenue generated by Technopark reached Rs 17,092 crore in FY 2025-26, reflecting year-on-year growth of approximately 17.3 per cent. Growth is attributed to IT infrastructure, a skilled talent base, and company performance. Technopark also operates as an IT and ITeS hub and startup ecosystem centre, with ongoing campus development intended to expand its position among major IT hubs.
September 24, 2026
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Artificial intelligence centre of excellence partnership advances industry-aligned training, supervised internships, startup mentorship, and applied research collaboration.
IIEST Shibpur and Tata Consultancy Services have entered into a Memorandum of Understanding to establish an Artificial Intelligence Centre of Excellence at the Electrical Engineering Department's high-performance computing laboratory. The collaboration supports industry-aligned training, professional certifications, practical projects, supervised internships, startup mentorship, curriculum benchmarking, and applied research in natural language processing, computer vision, image processing, and advanced data analytics.
September 24, 2026
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Money-laundering searches prompt protests over alleged political misuse while operations continue at public development offices and residences.
Enforcement Directorate search and survey operations connected with a money-laundering investigation continued at development authority offices and premises linked with housing administration, a realty company, and private residences. AAP workers protested against the searches, alleging political and administrative pressure through central investigative agencies. The party further alleged that the operations could disrupt the development authority's functioning and impede Punjab government welfare schemes.
September 24, 2026
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Money-laundering investigation procedure raises allegations over FIR registration, conflict concerns, and the choice between police, vigilance, or federal inquiry.
A police inquiry, rather than a Vigilance inquiry, was directed following an Enforcement Directorate communication seeking registration of an FIR for cognizable offences. It was contended that FIR registration should be dealt with by the police and that governmental or ministerial intervention would raise concerns where a person facing allegations is involved in deciding the investigative course. A transfer to a federal investigative agency was sought on grounds of investigative independence and perceived conflict of interest.
September 24, 2026
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Trade truce extension maintains tariff pauses and export-restriction rollbacks while negotiations continue on broader economic commitments.
United States-China trade relations may remain governed by the Busan Agreement through January 10 under a stated two-month extension, though Chinese official confirmation is pending. The arrangement maintains pauses on elevated tariffs and prior rollbacks of restrictions affecting critical minerals and high-technology exports. Negotiations may produce a broader economic package or further continuation of existing terms, while implementation of agreed commitments is under review. The parties have also proposed reciprocal alerts on AI-related hacking incidents involving national-security concerns.
September 24, 2026
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Gold Smuggling Enforcement: Concealed foreign-origin gold recovered from vehicles and a traveller, with arrests under customs law.
Gold-smuggling enforcement involved the seizure of approximately 21 kg of foreign-origin gold in two operations and the arrest of five persons under the Customs Act, 1962. Gold bars were recovered from sophisticated vehicle-chassis cavities, while gold bars and cut pieces were recovered from a passenger's specially designed cotton waist belt. The operations concerned suspected cross-border gold movement and targeted organised smuggling networks using sophisticated concealment methods.
September 24, 2026
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Cross-border gold smuggling enforcement resulted in Customs Act seizures after coordinated recovery of foreign-origin gold from border locations and a passenger.
Cross-border smuggling of foreign-origin gold through the Bangladesh route led to coordinated recoveries and seizures under the Customs Act, 1962. Gold recovered near the India-Bangladesh border was taken over for customs proceedings, including a seizure under Section 110. Foreign-origin gold concealed by a train passenger was also recovered and seized, with investigation indicating its smuggling from Bangladesh.
September 24, 2026
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September 24, 2026
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Wildlife trafficking enforcement applies protected-species safeguards to seized Tokay Geckos and enables further statutory action against suspected illegal trade.
Wildlife-trafficking enforcement led to interception of two persons and seizure of 86 live Tokay Geckos under the Wildlife (Protection) Act, 1972. Tokay Geckos receive Schedule I protection under that legislation and are listed in Appendix II of CITES, regulating international trade. The persons and recovered geckos were transferred to the Mariani Range Forest Office for further action.
September 24, 2026
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Restricted firecracker imports concealed through misdeclaration trigger seizure and criminal investigation under customs enforcement law.
Concealment of restricted firecrackers within an import container declared as bottles and wallpaper resulted in customs seizure under the Customs Act, 1962. Firecracker imports are restricted under the Foreign Trade Policy and require valid Directorate General of Foreign Trade authorisation and a Petroleum and Explosives Safety Organisation licence under the Explosives Rules, 2008. Investigation into attempted clandestine clearance led to the arrest under the Customs Act of a key syndicate member alleged to have orchestrated the import.
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Merger-control approval permits FIHM's phased acquisition of IIFL Capital Services equity through subscription, open offer and promoter purchase.
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Full ownership acquisition in beauty and personal care receives competition approval for skin care and hair care operations.
Competition approval covers L'Ore al India Private Limited's acquisition of the entire shareholding in Onesto Labs Private Limited. The proposed combination concerns India's beauty and personal care sector and places the Target under the Acquirer's full ownership. Both entities operate in beauty and personal care products, including skin care and hair care.
September 23, 2026
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Advance disbursement of central government pay addresses anticipated banking disruption, with subsequent adjustment against the following month's entitlements.
Advance disbursement of September 2026 salary, wages and pensions is authorised on 25 September for central government employees, industrial employees and pensioners because of the proposed bank strike. Payments constitute advance payments and must be adjusted after full monthly entitlements are determined, with any adjustment made from October salary or wages. End-of-month banking transactions should, where feasible, be processed in advance.

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News and Press Release

Price Movement of Selected Sub-Groups/Groups of Consumer Price Index on Base 2012=100 for Rural, Urban and Combined for the month of April 2020

May 12, 2020

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The National Statistical Office (NSO), Ministry of Statistics and Programme Implementation is releasing Price Movement of selected Sub-Groups/Groups of Consumer Price Index (CPI) on Base 2012=100 for Rural, Urban, Combined for the month of April 2020 (Provisional) and CPI (Final) for the month of March 2020 in this press note. The corresponding Consumer Food Price Index (CFPI) for all India Rural, Urban and Combined are also being released.

2.   The Price data are usually collected from selected 1114 urban markets and selected 1181 villages through personal visits by field staff of Field Operations Division of NSO, MoSPI on a weekly roster. In view of the preventive measures and announcement of nation-wide lockdown by the Government to contain spread of COVID-19 pandemic, the price collection of Consumer Price Index (CPI) through personal visits of price collectors was suspended with effect from 19th March, 2020. In the month of April, 2020, price data was largely collected by telephonic enquiry from the designated outlets. This was supplemented by information collected during the personal purchase of field staff for the items being transacted from neighborhood outlets keeping in view the travel advisories. The whole exercise was carried out by well experienced and professional staff of FOD, NSO stationed at about 200 locations across the country. NSO accordingly collected prices from 674 urban markets and 524 villages, for commodities which were available and being transacted during the lockdown period.

3.   In view of the limited transactions of products in the market in the month of April, 2020, it has been decided to release the Price Movement of Sub-groups/Groups of CPI, following the principles of adequacy. The Price Movement of these Sub-groups/Groups of CPI were worked out with following criteria:

i)    The price of only those items were included which have been reported from at least 25% of markets, separately for Rural & Urban sector and constituted more than 70% weight of the respective Sub-groups/Groups.

ii)  The all India indices have been compiled using Direct Approach by considering a common market at the national level in both Rural & Urban sectors separately.

4.   Accordingly, the Price Movement for the sub-groups ‘Meat and fish’ and ‘Prepared meals, snacks, sweets etc.’ under ‘Food & Beverages’ Group as well as the Groups ‘Pan, tobacco and intoxicants’ Group, ‘Clothing and Footwear Group’ were not compiled. Under ‘Miscellaneous’ Group, only the index for ‘Health’ subgroup has been compiled for the month of April, 2020. The General CPI and indices at State/UT level are not being released for the month of April, 2020.

5.   The Price Movement of all sub-groups under ‘Food & Beverages Group’ (except sub-groups ‘Meat and fish’, ‘Prepared meals, snacks, sweets etc.’), ‘Housing Group’, ‘Fuel & Light Group’ and ‘Health Sub-group’ under ‘Miscellaneous Group’, CFPI (excluding Meat and Fish subgroup) of CPI at All India level, separately for Rural, Urban & Combined sector are being released at Annex-I.

6.   All India Inflation rates (on point to point basis i.e. current month over same month of last year, i.e., March 2020 over March 2019), based on General Indices and CFPIs are given as follows:

All India Inflation rates (%) based on CPI (General) and CFPI

Indices

Mar. 2020 (Final)

Mar. 2019

Rural

Urban

Combd.

Rural

Urban

Combd.

CPI (General)

6.09

5.59

5.84

1.80

4.10

2.86

CFPI

8.88

8.59

8.76

-1.46

3.47

0.30

 Notes: Combd. - Combined

7.   Price data are received through web portal, maintained by the National Informatics Centre.

Next date of release is scheduled for 12th June, 2020 (Friday) for May 2020.

***

Annex I

Price Movement of Sub-Groups/Groups of All India CPI for the month of March, 2020 (Final) and April, 2020 (Provisional)

(Base: 2012=100)

Group Code

Sub-group Code

Description

Rural

Urban

Combined

Weights

Mar. 20 Index
(Final)

Apr. 20 Index
(Prov.)

Weights

Mar. 20 Index
(Final)

Apr. 20 Index
(Prov.)

Weights

Mar. 20 Index
(Final)

Apr. 20 Index
(Prov.)

(1)

(2)

(3)

(4)

(5)

(6)

(7)

(8)

(9)

(10)

(11)

(12)

 

1.1.01

Cereals and products

12.35

144.4

147.2

6.59

146.5

151.8

9.67

145.1

148.7

 

1.1.02

Meat and fish

4.38

166.8

-

2.73

167.5

-

3.61

167.0

-

 

1.1.03

Egg

0.49

147.6

146.9

0.36

148.9

151.9

0.43

148.1

148.8

 

1.1.04

Milk and products

7.72

151.7

155.6

5.33

151.1

155.5

6.61

151.5

155.6

 

1.1.05

Oils and fats

4.21

133.3

137.1

2.81

127.5

131.6

3.56

131.2

135.1

 

1.1.06

Fruits

2.88

141.8

147.3

2.90

143.3

152.9

2.89

142.5

149.9

 

1.1.07

Vegetables

7.46

152.3

162.7

4.41

167.0

180.0

6.04

157.3

168.6

 

1.1.08

Pulses and products

2.95

141.8

150.2

1.73

139.7

150.8

2.38

141.1

150.4

 

1.1.09

Sugar and Confectionery

1.70

112.6

119.8

0.97

114.4

121.2

1.36

113.2

120.3

 

1.1.10

Spices

3.11

154.0

158.7

1.79

151.5

154.0

2.50

153.2

157.1

 

1.2.11

Non-alcoholic beverages

1.37

140.1

139.2

1.13

131.9

133.5

1.26

136.7

136.8

 

1.1.12

Prepared meals, snacks, sweets etc.

5.56

160.0

-

5.54

159.1

-

5.55

159.6

-

1

 

Food and beverages&

54.18

148.2

150.1

36.29

150.1

153.5

45.86

148.9

151.4

2

 

Pan, tobacco and intoxicants

3.26

170.5

-

1.36

173.3

-

2.38

171.2

-

 

3.1.01

Clothing

6.32

153.4

-

4.72

147.7

-

5.58

151.2

-

 

3.1.02

Footwear

1.04

147.6

-

0.85

133.8

-

0.95

141.9

-

3

 

Clothing and footwear

7.36

152.5

-

5.57

145.6

-

6.53

149.8

-

4

 

Housing

#

#

#

21.67

154.5

155.6

10.07

154.5

155.6

5

 

Fuel and light

7.94

153.4

-

5.58

141.4

137.1

6.84

148.9

-

 

6.1.01

Household goods and services

3.75

151.5

-

3.87

140.8

-

3.80

146.4

-

 

6.1.02

Health

6.83

156.7

154.3

4.81

145.0

144.8

5.89

152.3

150.7

 

6.1.03

Transport and communication

7.60

135.8

-

9.73

124.6

-

8.59

129.9

-

 

6.1.04

Recreation and amusement

1.37

151.2

-

2.04

137.9

-

1.68

143.7

-

 

6.1.05

Education

3.46

161.2

-

5.62

152.5

-

4.46

156.1

-

 

6.1.06

Personal care and effects

4.25

145.1

-

3.47

145.3

-

3.89

145.2

-

6

 

Miscellaneous

27.26

148.6

-

29.53

138.7

-

28.32

143.8

-

General Index (All Groups)

100.00

149.8

-

100.00

147.3

-

100.00

148.6

-

Consumer Food Price Index (CFPI)$

47.25

147.1

150.4

29.62

149.1

154.1

39.06

147.8

151.7

Notes:

1.:  Prov. : Provisional

2. : excluding ‘Meat and fish’ subgroup

3. : CPI (Rural) for Housing is not compiled

4. : CPI not compiled for April 2020

5.:‘Food and beverages’ index compiled excluding sub-groups viz. ‘Meat and fish’ and ‘Prepared meals, snacks, sweets etc.’ by following standard methodology of distributing their weights over remaining sub-groups

Click here to see Data in PDF

 

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Acts Income Tax