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    K'taka Deputy CM Parameshwara rejects Opposition's allegation of 'bankruptcy'
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September 24, 2026
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Corporate document forgery allegations trigger investigation into unauthorised insolvency consortium participation and disputed share transfers.
An FIR concerns alleged cheating, forgery, criminal conspiracy, corporate-document misuse, and unauthorised financial liabilities arising from participation in a corporate insolvency resolution process. Allegations include entering a consortium arrangement without the Parekh Group's knowledge or authorisation, reliance on a fabricated and unapproved board resolution, and unauthorised transfer of shares to a group-controlled entity. Investigation covers disputed-record authenticity, alleged digital-signature misuse, and financial transaction trails.
September 24, 2026
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Energy security shapes continued Russian crude sourcing as alternative suppliers replace shortfalls amid potential sanctions-related restrictions.
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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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BRICS tax cooperation creates standing platforms for international taxation, revenue statistics, professional capacity building and peer learning.
India-led BRICS tax cooperation established standing Working Groups on International Taxation and Transfer Pricing and Revenue Statistics, providing institutional platforms extending beyond individual Chairships. It also institutionalised an annual Young Tax Professionals Capacity Building Programme, launched the BRICS Tax Cross-Learning Lab for peer learning on client-centric administration and human-resources practices, and approved the Terms of Reference for the BRICS Tax Support Network.
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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Customs, DGFT & SEZ

INDIA’S MERCHANDISE TRADE: Preliminary Data October 2021

November 2, 2021

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INDIA’S MERCHANDISE TRADE: Preliminary Data October 2021

India’s merchandise exports in October 2021 was USD 35.47 billion, an increase of 42.33% over USD 24.92 billion in October 2020 and an increase of 35.21% over USD 26.23 billion in October 2019.

India’s merchandise exports in April-October 2021 was USD 232.58 billion, an increase of 54.51% over USD 150.53 billion in April-October 2020 and an increase of 25.45% over USD 185.4 billion in April-October 2019.

India’s merchandise imports in October 2021 was USD 55.37 billion, an increase of 62.49% over USD 34.07 billion in October 2020 and an increase of 45.76% over USD 37.99 billion in October 2019.

India’s merchandise imports in April-October 2021 was USD 331.29 billion, an increase of 78.71%  over USD 185.38 billion in April-October 2020 and an increase of 15.81% over USD 286.07 billion in April-October 2019.

The trade deficit in October 2021 was USD 19.9 billion, while it was USD 98.71 billion during April-October 2021.

Statement 1: India’s Merchandise Trade in October 2021

 

Value in Billion USD

% Growth

Oct-21

Oct-20

Oct-19

Oct-21 over Oct-20

Oct-21 over Oct-19

Exports

35.47

24.92

26.23

42.33

35.21

Imports

55.37

34.07

37.99

62.49

45.76

Deficit

19.90

9.15

11.75

117.38

69.29

 

Statement 2: India’s Merchandise Trade in Apr-Oct 2021

 

Value in Billion USD

% Growth

 

Apr-Oct21

Apr-Oct20

Apr-Oct19

Apr-Oct 21 over Apr-Oct 20

Apr-Oct 21 over Apr-Oct 19

Exports

232.58

150.53

185.40

54.51

25.45

Imports

331.29

185.38

286.07

78.71

15.81

Deficit

98.71

34.85

100.67

183.22

-1.95

Value of non-petroleum exports in October 2021 was 30.27 USD billion, registering a positive growth of 29.63% over non-petroleum exports of USD 23.35 billion in October 2020 and a positive growth of 32.84% over non-petroleum exports of USD 22.79 billion in October 2019.

Value of non-petroleum imports was USD 40.94 billion in October 2021 with a positive growth of 45.82% over non-petroleum imports of USD 28.07 billion in October 2020 and a positive growth of 44.87% over non-petroleum imports of USD 28.26 billion in October 2019.

Statement 3: Merchandise Non-POL Trade in October 2021

 

Value in Billion USD

% Growth

 

Oct21

Oct20

Oct19

Oct21 over Oct20

Oct21 over Oct19

Exports

30.27

23.35

22.79

29.63

32.84

Imports

40.94

28.07

28.26

45.82

44.87

The cumulative value of non-petroleum exports in April-October 2021 was USD 199.41 billion, an increase of 45.59% over USD 136.96 billion in April-October 2020 and an increase of 24.09% over USD 160.7 billion in April-October 2019.

The cumulative value of non-petroleum imports in April-October 2021 was USD 243.89 billion, showing an increase of 65.41% compared to non-oil imports of USD 147.44 billion in April-October 2020 and an increase of 15.51% compared to non-oil imports of USD 211.14 billion in April-October 2019.

Statement 4: Merchandise Non-POL Trade Apr-Oct 2021

 

Value in Billion USD

% Growth

 

Apr-Oct21

Apr-Oct20

Apr-Oct19

Apr-Oct21 over Apr-Oct20

Apr-Oct21 over Apr-Oct19

Exports

199.41

136.96

160.70

45.59

24.09

Imports

243.89

147.44

211.14

65.41

15.51

Value of non-petroleum and non-gems and jewellery exports in October 2021 was USD 26.05 billion, registering a positive growth of 27.54% over non-petroleum and non-gems and jewellery exports of USD 20.43 billion in October 2020 and a positive growth of 36.59% over non-petroleum and non-gems and jewellery exports of USD 19.07 billion in October 2019.

Value of non-oil, non-GJ (gold, silver & Precious metals) imports was USD 32.42 billion in October 2021 with a positive growth of 39.29% over non-oil and non-GJ imports of USD 23.27 billion in October 2020 and a positive growth of 30.72% over non-oil and non-GJ imports of USD 24.8 billion in October 2019.

Statement 5: Merchandise Non-POL Non-GJ Trade in October 2021

 

Value in Billion USD

% Growth

 

Oct-21

Oct-20

Oct-19

Oct21 over Oct20

Oct21 over Oct19

Exports

26.05

20.43

19.07

27.54

36.59

Imports

32.42

23.27

24.80

39.29

30.72

The cumulative value of non-petroleum and non-gems and jewellery exports in April-October 2021 was USD 175.89 billion, an increase of 40.33% over cumulative value of non-petroleum and non-gems and jewellery exports of USD 125.35 billion in April-October 2020 and an increase of 27.72% over cumulative value of non-petroleum and non-gems and jewellery exports of USD 137.72 billion in April-October 2019.

Non-oil, non-GJ (Gold, Silver & Precious Metals) imports was USD 196.07 billion in April-October 2021, recording a positive growth of 50.91%, as compared to non-oil and non-GJ imports of USD 129.92 billion in April-October 2020 and a marginal positive growth of 9.87% over USD 178.45 billion in April-October 2019.

Statement 6: Merchandise Non-POL Non-GJ Trade Apr-Oct 2021

 

Value in Billion USD

% Growth

 

Apr-Oct 21

Apr-Oct 20

Apr-Oct 19

Apr-Oct 21 over Apr-Oct 20

Apr-Oct 21 over Apr-Oct 19

Exports

175.89

125.35

137.72

40.33

27.72

Imports

196.07

129.92

178.45

50.91

9.87

Top 10 major commodity groups, covering more than 80% of total exports, have shown positive growth in October 2021 over corresponding month of previous year, as stated below.

Statement 7: Exports of Top 10 Major Commodity Groups

 

Value of Export (Million US$)

Share (%)

Growth (%)

Major Commodity Group

Oct '21

Oct '20

Oct '21

Oct '21 over Oct '20

Engineering Goods

9388.28

6229.91

28.19

50.70

Petroleum Products

5197.59

1567.31

14.69

231.63

Gems And Jewellery

4221.73

2926.82

9.67

44.24

Organic And Inorganic Chemicals

2569.28

1810.71

7.11

41.89

Drugs And Pharmaceuticals

2060.09

2078.92

6.14

-0.91

Electronic Goods

1347.93

966.29

3.91

39.50

Cotton Yarn/Fabrics/Made-ups Handloom Products Etc.

1332.75

912.34

3.89

46.08

RMG Of All Textiles

1252.90

1177.56

3.50

6.40

Marine Products

807.80

684.06

2.28

18.09

Plastic And Linoleum

781.49

599.55

2.25

30.35

Total of 10 Major Commodity Groups

28959.84

18953.48

81.62

52.79

Rest

6510.45

5966.93

18.38

9.11

Total Exports

35470.29

24920.41

100.00

42.33

Top 10 major commodity groups, covering about 78% of total imports, have shown below.

Statement 8: Imports of Top 10 Major Commodity Groups

 

Import (Million US$)

Share (%)

Growth (%)

Major Commodity Group

Oct.'21

Oct.'20

Oct.'21

Oct.'21 over Oct.'20

Petroleum, Crude & products

14430.76

6000.27

26.06

140.50

Electronic goods

6811.03

5533.73

12.30

23.08

Gold

5106.14

2499.97

9.22

104.25

Machinery, electrical & non-electrical

3540.77

2497.29

6.39

41.78

Coal, Coke & Briquettes, etc.

3311.93

1512.88

5.98

118.92

Organic & Inorganic Chemicals

2620.62

1563.23

4.73

67.64

Pearls, precious & Semi-precious stones

2483.01

2291.40

4.48

8.36

Artificial resins, plastic materials, etc.

1727.27

1121.06

3.12

54.07

 Vegetable Oil

1624.79

1018.08

2.93

59.59

Iron & Steel

1444.81

985.71

2.61

46.58

Total of 10 Major Commodity Groups

43101.12

25023.62

77.84

72.24

Rest

12266.92

9050.21

22.16

35.54

Total Imports

55368.04

34073.84

100.00

62.49

 

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