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    LPG subsidy: Aadhaar biometric authentication mandatory for subsidised refills from Oct 1
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September 19, 2026
Show AI Summary
Biometric Aadhaar authentication becomes essential for domestic LPG consumers seeking regulated subsidised refill bookings, while market-price supply remains available.
Biometric Aadhaar authentication is required from October 1 for domestic LPG consumers to book subsidised refills at the regulated retail selling price. Authentication can be completed through delivery personnel, distributor showrooms or designated mobile applications. Consumers unwilling or unable to authenticate may obtain LPG at the applicable market price without subsidy after registering their choice through specified digital channels. The framework distinguishes subsidised LPG linked to Aadhaar-authenticated consumers from market-priced LPG and seeks targeted subsidy delivery, reduced leakage, and prevention of diversion, duplicate connections and ineligible access.
September 19, 2026
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Cooperative bank director tenure limits require disqualification and removal when service exceeds the statutory maximum period.
Directors of District Central Cooperative Banks and Central Cooperative Banks are subject to a maximum 10-year tenure under the Banking Regulation Act, 1949, as amended by the Banking Laws (Amendment) Act, 2025. RBI directed removal of a director ineligible to continue under section 10A(2A)(i), read with section 56, following concerns that directors of Latur District Central Cooperative Bank had exceeded the permitted tenure.
September 19, 2026
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Tariff treatment of Indian exports shifted from reciprocal duties to targeted trade measures, sectoral duties, and specified exemptions.
Upon expiry of the temporary global measure, an India-targeted 10 per cent Section 301 tariff, linked to forced-labour concerns, replaced it; the effective charge for most covered exports remained MFN duty plus 10 per cent. The current regime applies the Section 301 tariff to Indian exports except specified goods, with separate sectoral duties on steel, aluminium and auto components. Smartphones, medicines and energy products are exempt.
September 19, 2026
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PMLA-based FIR request over alleged consultancy payments remains under legal examination amid criticism of non-registration.
Enforcement Directorate sought registration of an FIR concerning alleged fraudulent payments by Cochin Minerals and Rutile Ltd to Exalogic Solutions, represented as IT consultancy fees. The request relied on evidence gathered through investigation and searches under the Prevention of Money Laundering Act. Registration remained under consideration after receipt of the Advocate General's legal opinion, with the Home Department examining the matter.
September 19, 2026
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Free trade agreements expand market access, entrepreneurial partnerships and youth career opportunities alongside public-sector recruitment and development participation.
Free Trade Agreements are presented as mechanisms for expanding cross-border partnerships, market access for entrepreneurs, and career opportunities for young persons. Youth employment is also linked to the expansion of the startup ecosystem beyond major cities and to public-sector recruitment through Rozgar Melas. Newly selected candidates are to join central government ministries, departments and organisations. Public service is framed around citizen-centred administration and decisions supporting a developed and self-reliant India.
September 19, 2026
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AI governance for regulated financial services enables natural-language automation while preserving enterprise security, auditability, control, and scalable deployment.
Assist-Edge enables teams to describe intended processes in natural language and use AI to create, modify, and enhance executable workflows. Working with reusable AI agents and workflows, it supports discovery, customisation, deployment, and scaling of enterprise automation. For banking, financial services, and insurance operations, its use is positioned alongside security, governance, auditability, and control, supporting governed adoption of scalable AI capabilities and movement from isolated experimentation to enterprise-wide intelligent automation.
September 19, 2026
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Recurring token reward distributions connect eligible holdings, platform activity, and partner participation through hourly settlement cycles.
BC Engine permits eligible $BC holdings to participate in hourly settlement rounds distributing BCD rewards. Participants can monitor active balances, cumulative rewards, unclaimed BCD, and settlement history through the Engine interface. Settlement amounts vary with ecosystem activity, while the mechanism links platform activity, token utility, user participation, and commercial partners through repeated value distribution rather than one-time promotional incentives.
September 19, 2026
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Asset monetisation of surplus public land and buildings is accelerated through transparent, value-oriented processes and stakeholder coordination.
NLMC's Board recommended monetisation proposals involving surplus land and building assets valued at over Rs. 5,000 crore. Monetisation is facilitated through asset identification, due diligence, valuation and appropriate process structuring, with emphasis on transparency, efficiency and value realisation. Sustained coordination with asset-owning entities is intended to expedite implementation and support timely, commercially appropriate monetisation of underutilised public assets.
September 19, 2026
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Zero forex markup on credit cards applies automatically to international transactions without conditions while preserving applicable rewards.
Zero Forex Markup applies automatically to international transactions made through all existing and new credit cards, without a new-card application, upgrade, spending threshold or other stated condition. International card spends do not attract forex markup charges. Reward Points or Cashback, where applicable to the relevant card, continue on international transactions. Existing credit cards may be used for overseas and cross-border payments without requiring a separate forex card solely to avoid such charges.
September 18, 2026
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Foreign exchange reserve valuation reflects currency movements as foreign currency assets and gold holdings decline.
India's foreign exchange reserves declined to USD 780.782 billion for the week ended September 11, driven by reductions in foreign currency assets and gold holdings. Foreign currency assets fell to USD 645.796 billion, with their dollar value reflecting movements in reserve currencies against the US dollar. Gold reserves also declined, while Special Drawing Rights increased to USD 18.845 billion. The reserve position with the IMF stood at USD 4.916 billion.
September 18, 2026
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Bulk sugar stockholding limits now allow expanded inventories only where additional supplies derive from designated import channels.
Bulk sugar consumers using more than 10 tonnes monthly as a raw material may hold up to 30 days' requirement instead of 15 days. Holdings above 15 days must consist exclusively of sugar imported under the Tariff Rate Quota or Advance Authorisation Scheme; sugar obtained from the open market remains restricted to 15 days' consumption. Bulk consumers must declare and disclose their sugar inventories every Friday through the food ministry's online portal.
September 18, 2026
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Trade facilitation and digitalisation support regional economic cooperation through simpler customs procedures, paperless exchange, resilient supply chains, and MSME access.
Priority measures included expanded intra-SCO trade, lower trade costs, resilient and diversified supply chains, trusted multimodal connectivity, greater market access, simplified customs processes, paperless trade and electronic document exchange. Digital and cross-border payments and accessible trade finance were identified to enable MSMEs and start-ups to participate in trade and value chains. Ministers agreed an Action Plan for 2026-2030 for further approval and approved regulations for a special working group on creative-economy development.
September 18, 2026
Show AI Summary
Customs cooperation and trade facilitation advance electronic origin verification, pre-arrival information exchange, and safeguards against preferential trade misuse.
Customs cooperation and trade facilitation measures included pre-arrival information exchange, electronic verification of Certificates of Origin, and Customs automation and digitalisation. These measures are directed at facilitating legitimate trade while ensuring compliance with applicable rules and preventing misuse of preferential trade arrangements. Rail and road connectivity, freight movement, Integrated Check Posts and land-port infrastructure were reviewed to improve infrastructure utilisation and address operational bottlenecks affecting bilateral and transit trade.
September 18, 2026
Show AI Summary
Preferential equity issuance approved to strengthen capital, support digital lending expansion, and fund subsidiary operations subject to required approvals.
OnEMI Technology Solutions Limited has approved a preferential issue of equity shares to identified investors, subject to shareholder and requisite regulatory and statutory approvals. The issuance is proposed under the Companies Act, 2013, the SEBI capital-issue and disclosure framework, other applicable SEBI regulations, and applicable law. Seventy-five per cent of the additional capital raised is proposed for infusion into its wholly owned subsidiary to support lending, technology, digital capabilities and product expansion, while the remaining twenty-five per cent is proposed for general corporate purposes.
September 18, 2026
Show AI Summary
Fraudulent input tax credit claims through bogus invoices prompted arrest over alleged invoicing without actual supply of goods.
Alleged fraudulent availment, utilisation and passing on of inadmissible input tax credit involved invoices from purported suppliers found to be non-existent, non-functional, suspended or cancelled. Input tax credit was allegedly claimed without actual receipt of goods and passed on through invoices unsupported by corresponding supplies. Following investigation and recorded statements, the proprietor of an iron and steel trading firm was arrested under statutory arrest powers, while further investigation remains in progress.
September 18, 2026
Show AI Summary
Direct tax collections: stronger advance tax payments support growth in corporate, non-corporate, and securities transaction tax receipts.
Direct tax collections grew through September 17, supported principally by increased advance tax payments from corporate and non-corporate taxpayers. Gross collections exceeded Rs 14.32 lakh crore, while net collections, after refunds, exceeded Rs 12.12 lakh crore. Corporate tax collections grew more strongly than non-corporate tax collections, and Securities Transactions Tax receipts recorded significant growth. The trend indicated broad-based tax buoyancy, supported by underlying economic activity, taxpayer confidence and business performance.
September 18, 2026
Show AI Summary
Reusable consent-based KYC enables integrated onboarding, reporting, record updates and periodic re-verification for regulated financial institutions.
Central KYC-based onboarding enables regulated financial institutions to reuse a customer's existing verified identity record through the Central KYC Registry with customer consent. The integrated solution supports onboarding, KYC reporting, unsolicited notifications and re-KYC. It retrieves consented KYC records through CKYC APIs, uses facial matching or video-based customer identification for authentication, and applies AI-based duplicate detection. Reporting automates validation, image correction and real-time registry submission, while record updates and simplified periodic re-verification support the currency of institutional KYC information.
September 18, 2026
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Benchmark interest rate normalisation raises borrowing costs while monetary policy monitors inflation, wage growth, currency risks, and economic recovery.
The Bank of Japan increased the uncollateralised overnight call rate from 1.0 per cent to 1.25 per cent, advancing monetary-policy normalisation after a prolonged period of near-zero or negative rates. The increase was assessed against gradual economic recovery, inflation near its target, wage growth, currency fluctuations, elevated crude oil prices, and external risks. Further tightening remains contingent on stable price increases, wage developments, and monitoring of other risks.
September 18, 2026
Show AI Summary
Direct tax collections reflect stronger advance tax payments, alongside increased corporate tax, securities transaction tax, and refund issuance.
Net direct-tax collections exceeded Rs 12.12 lakh crore through 17 September, reflecting 13 per cent growth following increased advance-tax receipts. Gross direct-tax collections exceeded Rs 14.32 lakh crore, while refunds exceeded Rs 2.20 lakh crore. Corporate-tax and non-corporate tax collections increased, as did Securities Transaction Tax collections. Advance-tax receipts exceeded Rs 5.22 lakh crore, comprising increased corporate advance tax and non-corporate advance tax payments.
September 18, 2026
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Upper-layer NBFC listing compliance sharpens corporate governance conflict over public accountability, shareholder liquidity, and preservation of private ownership.
Tata Sons' status as an upper-layer non-banking financial company has brought its proposed public listing into focus after the Reserve Bank of India rejected its application to voluntarily surrender core investment company registration. Tata Sons is required to take steps to comply with the enhanced regulatory framework applicable to upper-layer NBFCs, which includes stock-market listing. Classified in 2022, Tata Sons did not meet the original listing deadline and had pursued deregistration after repaying debt.

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News and Press Release

Hon’ble Prime Minister’s Letter

May 30, 2020

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My fellow Indian,

This day last year began a golden chapter in the history of Indian democracy. It was after several decades that the people of the country voted back a full term government with a full majority.

Once again, I bow to the 130 crore people of India and the democratic ethos of our nation.

During normal times, I would have been in your midst. However, the present circumstances do not permit that. That is why, I seek your blessings through this letter.

Your affection, goodwill and active cooperation have given new energy, and inspiration. The way you have showcased the collective strength of democracy is a guiding light for the whole world.

Back in 2014, the people of the country voted for a substantive transformation. In the last five years, the nation saw how the administrative apparatus broke itself free of status quo and from the swamp of corruption as well as misgovernance. True to the spirit of ‘Antyodaya’ the lives of millions have been transformed.

From 2014 to 2019, India’s stature rose significantly. The dignity of the poor was enhanced. The nation achieved financial inclusion, free gas and electricity connections, total sanitation coverage, and made progress towards ensuring ‘Housing for All.’

India demonstrated its mettle through the surgical strike and air strike. At the same time, decades old demands such as OROP, One Nation One Tax- GST, better MSP for farmers were fulfilled.

In 2019, the people of India voted not merely for continuity but also with a dream- of taking India to new heights. A dream of making India a global leader. The decisions taken in the last one year are directed at fulfilling this dream.

Today, 130 crore people feel involved and integrated in the development trajectory of the nation.The light of ‘Jan Shakti’ and ‘Rashtra Shakti’ has ignited the entire nation. Powered by the Mantra of ‘Sabka Saath, Sabka Vikas, Sabka Vishwas’ India is marching forward in all spheres.

My fellow Indian,

In the last one year, some of the decisions were widely discussed and remain etched in public discourse.

The decision on Article 370 furthered the spirit of national unity and integration. The Ram Mandir judgment, delivered unanimously by the Honourable Supreme Court of India, brought an amicable end to a debate persisting for centuries. The barbaric practice of Triple Talaq has been confined to the dustbin of history. Amendment to the Citizenship Act was an expression of India’s compassion and spirit of inclusiveness.

But there have been many other decisions that have added momentum to the nation’s development trajectory.

The creation of the post of the Chief of Defence Staff  was a long pending reform that has improved coordination among the armed forces. At the same time, India has stepped up preparations for Mission Gaganyaan.

Empowering the poor, farmers, women and youth has remained our priority.

PM Kisan Samman Nidhi now includes all farmers. In just one year, more than ₹ 72,000 crore has been deposited in the accounts of over 9 crore 50 lakh farmers.

The Jal Jeevan Mission will ensure supply of potable drinking water through piped connections to over 15 crore rural households.

A huge campaign of free vaccination is being conducted for better health of our 50 crore livestock.

For the first time in our country’s history, farmers, farm labourers, small shopkeepers and workers in unorganised sector are assured the provision of regular monthly pension of ₹ 3000 after the age of 60 years.

Besides the facility of availing bank loans, a separate department has also been created for fishermen. Several other decisions have been taken to strengthen the fisheries sector. This will boost the blue economy.

Similarly, it has been decided to constitute a Vyapari Kalyan Board for timely resolution of the problems of the traders. Higher quantum of financial assistance is being provided to more than 7 crore women attached to self help groups. Recently the loans without guarantee for self help groups has been doubled to 20 lakh from the earlier 10 lakh.

Keeping in mind the education of tribal children, we have begun the construction of more than 400 new Ekalavya Model Residential Schools.

Several people friendly laws have been ushered in during the last year. Our Parliament has broken the decades-old record in terms of productivity. As a result, whether it be the Consumer Protection Act, the amendment to Chit Fund Law or laws to provide more protection to women, children and Divyang, their passage in the Parliament was expedited.

As a result of the policies and decisions of the government, the rural-urban gap is shrinking. For the first time, the number of rural Indians using internet is 10% more than the number of urban Indians.

The list of such historic actions and decisions taken in national interest would be too long to detail in this letter. But I must say that every day of this year, my government has worked round the clock with full vigour, taking and implementing these decisions.

My fellow Indian,

As we were moving ahead at fast pace in the fulfilment of hopes and aspirations of our countrymen, the Coronavirus global pandemic engulfed our country as well.

While on one hand are powers with great economic resources and state-of-the-art healthcare systems, on the other hand is our country besieged with problems amidst a vast population and limited resources.

Many feared that India will become a problem for the world when Corona hits India. But today, through sheer confidence and resilience, you have transformed the way the world looks at us. You have proven that the collective strength and potential of Indians is unparalleled compared even to the powerful and prosperous countries of the world. Be it clapping and lighting a lamp to the honouring of Corona Warriors by India's armed forces, Janta curfew or by faithful adherence to rules during the nationwide lockdown, on every occasion you have shown that Ek Bharat is the guarantee for ShresthaBharat.

In a crisis of this magnitude, it can certainly not be claimed that no one suffered any inconvenience or discomfort. Our labourers, migrant workers, artisans & craftsmen in small scale industries, hawkers and such fellow countrymen have undergone tremendous suffering.We are working in a united and determined way to alleviate their troubles.

However, we have to take care to ensure that inconveniences that we are facing do not turn into disasters. Hence, it is very important for every Indian to follow all rules and guidelines. We have displayed patience so far and we should continue to do so. This is one of the important reasons for India being safer and in a better state than many other countries. This is a long battle but we have started traversing on the path of victory, and victory is our collective resolve.

In the last few days, a super cyclone has wreaked havoc in parts of West Bengal and Odisha. Here too, the resilience of the people of these states is noteworthy. Their courage inspires the people of India.

Dear friends,

At such a time, there is also a widespread debate on how the economies of various countries, including India’s, will recover. However, given the way India has surprised the world with its unity and resolve in the fight against Coronavirus, there is a firm belief that we will also set an example in economic revival. In the economic domain, through their strength, 130 crore Indians can not only surprise the world but also inspire it.

It is the need of the hour that we must become self-reliant. We have to move forward based on our own abilities, in our own way, and there is only one way to do it – Aatmanirbhar Bharat or Self-reliant India.

The recent ₹ 20 lakh crore package given for Aatmanirbhar Bharat Abhiyan is a major step in this direction.

This initiative will usher in a new era of opportunities for every Indian, be it our farmers, workers, small entrepreneurs or youth associated with start ups.

The fragrance of Indian soil along with the sweat, hard work and talent of our workers will create products that will reduce India’s dependence on imports and will move towards self-reliance.

Dear friends,

In this journey of the last six years, you have continuously showered me with love and blessings.

It is the strength of your blessings that has made the nation take historic decisions and progress rapidly in the last one year. However, I am also aware that there is a lot that needs to be done. There are many challenges and problems that our country faces. I am working day and night. There could be deficiencies in me but there is nothing that our country lacks. So, I believe in you, your strength and your abilities even more than I believe in myself.

The source of strength for my resolve is you, your support, blessings and affection.

Due to the global pandemic this is certainly a time of crisis but for us Indians this is also a time for a firm resolve.

We must always remember that the present and future of 130 crore Indians will never be dictated by an adversity.

We will decide our present and our future.

We will move ahead on the path of progress and victory will be ours.

It is said that- कृतम्मेदक्षिणेहस्ते, जयोमेसव्यआहितः

This means, if we have action and duty on one hand, then success is assured in the other hand.

With prayers for our country’s success, I bow to you once again.

My heartiest wishes to you and your family.

Stay healthy, stay safe!!!

Stay aware, stay informed!!!

Your Pradhan Sevak

Narendra Modi

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Acts Income Tax