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    IDFC FIRST Bank enables Direct Tax payments through UPI, cards, net banking and branches
    Sensex slumps 1,248 pts as IRDAI proposal hits financial shares; rising crude, US yields weigh
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September 24, 2026
Show AI Summary
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
Show AI Summary
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
Show AI Summary
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
Show AI Summary
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
Show AI Summary
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
Show AI Summary
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.
September 24, 2026
Show AI Summary
Merger-control approval permits FIHM's phased acquisition of IIFL Capital Services equity through subscription, open offer and promoter purchase.
Merger-control approval permits FIHM to acquire certain additional equity share capital of IIFL Capital Services through a preferential issue on a private-placement basis and through shares tendered in a mandatory open offer. FIHM may also buy shares from the target's promoters if its aggregate shareholding with HWIC remains below the Target Shareholding after these steps.
September 24, 2026
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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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Pete Hegseth vows to bring 'warrior culture' if confirmed as Trump's defence secretary pick

January 14, 2025

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Washington, Jan 14 (AP) President-elect Donald Trump's choice for defence secretary Pete Hegseth vowed Tuesday to foster a “warrior culture” at the Pentagon, portraying himself as a “change agent” during a testy Senate confirmation hearing.

The hearing drew an outburst of protest but also veterans supporting the pick.

Hegesth drew on his combat experience in the Army National Guard and did not initially address the allegations of sexual assault and excessive drinking against him as senators determine whether the veteran and TV news show host is fit to lead the US military.

“It's time to give someone with dust on his boots the helm. A change agent,” Hegseth said in opening remarks.

Asked directly about the sexual assault allegation, Hegseth dismissed it as a “smear campaign” as he portrayed himself as unfairly attacked. But he did not specifically address any of the accusations, or tell the senators that he did not drink or womanise.

Senators immediately began sparring, with the Republican chairman of the Armed Services Committee acknowledging the “unconventional” choice and the top Democrat warning of “extremely alarming” allegations against him.

Sen. Roger Wicker, R-Miss., the chairman, compared Hegseth to Trump himself, dismissed the various allegations against him as unfounded and said he will “bring energy and fresh ideas to shake up the bureaucracy.” But Sen. Jack Reed, D-R.I. said flatly: “I do not believe that you are qualified to meet the overwhelming demands of this job.” Hegseth's experience in the Army National Guard is widely viewed as an asset for the job, but he also brings a jarring record of past statements and actions, including allegations of sexual assault, excessive drinking and derisive views about women in military combat roles, minorities and “woke” generals. He has vowed not to drink alcohol if he is confirmed to lead the Pentagon.

Trump backed his pick, saying Hegseth has “my Complete and Total support” in a morning post wishing the nominee “good luck.” The hearing at the Senate Armed Services Committee is the start of a weeklong marathon as senators begin scrutinising Trump's choices for more than a dozen top administrative positions.

Hegseth is among the most endangered of Trump's Cabinet choices, but GOP allies are determined to turn him into a cause celebre for Trump's governing approach amid the nation's culture wars. Outside groups, including those aligned with the Heritage Foundation, are running costly campaigns to prop up Hegseth's bid.

In the audience were cadres of men wearing clothing expressing support for veterans or service in the military, but also protesters who momentarily disrupted proceedings but were removed from the room.

The Republican-led Senate is rushing to have some of Trump's picks ready to be confirmed as soon as Inauguration Day, January 20, despite potential opposition to some from both sides of the aisle. With a narrow GOP majority, they need almost all Republicans to support Trump's pick if Democrats oppose.

Hegseth faces perhaps the most difficult path to confirmation. He will be forced to confront allegations of sexual assault, which he has denied, and his own comments that are far from the military mainstream, though he has the support of some veterans' groups that say his past indiscretions are not as important as his focus on improving military readiness to fight.

“He will be ripped. He will be demeaned. He will be talked about,” said Sen. Tommy Tuberville, R-Ala., at an event with former Navy SEALs, Army special forces and Marines supporting the nominee. “But we're going to get him across the finish line.” And Hegseth will have to answer for his comments that women should “straight up” not be in combat roles in the military, a view he has softened following recent meetings with senators. Two former female combat veterans, Republican Joni Ernst of Iowa and Democrat Tammy Duckworth of Illinois, are among those grilling him from the dais.

“He can try to walk back his comments on women in combat all he wants, but we know what he thinks, right?” said Duckworth, an Iraq War veteran who lost her legs and partial use of her right arm when the Black Hawk helicopter she was piloting in the Army National Guard was shot down. “He's the most unqualified person to ever be nominated for secretary of defence.” Many senators have not yet met with Hegseth and most do not have access to his FBI background check, as only committee leaders were briefed on its findings. The background check on Hegseth appeared lacking, and did not probe or produce new information beyond what's already in the public realm about him, according to a person familiar with the situation who insisted on anonymity to discuss it.

In many ways, the Hegseth hearing is expected to follow the template set during Trump's first term, when one of his choices for Supreme Court justice, Brett Kavanaugh, came under intense scrutiny over allegations of sexual assault from his teens but recouped to win confirmation to the high court.

Kavanaugh vigorously fought back during a volcanic 2018 hearing, portraying the sexual assault allegations against him as a smear job by liberal lawmakers and outside groups opposed to his judicial record, turning the tables in a way that many senators credit with setting a new benchmark for partisanship.

Asked about advice for Hegseth, Sen. John Cornyn, R-Texas, referred to that earlier example.

“Go back and watch videos of the Kavanaugh hearings — give you a flavour,” he said.

Hegseth was largely unknown on Capitol Hill when Trump tapped him for the top Pentagon job.

A co-host of Fox News Channel's “Fox & Friends Weekend,” he had been a contributor with the network since 2014 and apparently caught the eye of the president-elect, who is an avid consumer of television and the news channel, in particular.

Hegseth, 44, attended Princeton University and served in the Army National Guard from 2002 to 2021, deploying to Iraq in 2005 and Afghanistan in 2011 and earning two Bronze Stars. But he lacks senior military and national security experience.

In 2017, a woman told police that Hegseth sexually assaulted her, according to a detailed investigative report recently made public. Hegseth has denied any wrongdoing and told police at the time that the encounter at a Republican women's event in California was consensual. He later paid the woman a confidential settlement to head off a potential lawsuit.

If confirmed, Hegseth would take over a military juggling an array of crises on the global stage and domestic challenges in military recruitment, retention and ongoing funding.

Besides being a key national security adviser to the president, the defence secretary oversees a massive organisation, with nearly 2.1 million service members, about 780,000 civilians and a budget of roughly USD 850 billion.

The secretary is responsible for tens of thousands of US troops deployed overseas and at sea, including in combat zones where they face attacks, such as in Syria and Iraq and in the waters around Yemen. The secretary makes all final recommendations to the president on what units are deployed, where they go and how long they stay.

The secretary's main job is to make sure the US military is ready, trained and equipped to meet any call to duty. But the secretary also must ensure that American troops are safe and secure at home, with proper housing, health care, pay and support for programmes dealing with suicide, sexual assault and financial scams.

Pentagon chiefs also routinely travel across the world, meeting with international leaders on a vast range of security issues including US military aid, counterterrorism support, troop presence and global coalition building. And they play a key role at NATO as a critical partner to allies across the region. (AP) GRS GRS

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