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    Trump used to slam China. Here's why he's now rolling out the red carpet for Xi
    RBI orders removal of Maharashtra minister Babasaheb Patil, 7 others as directors of Latur DCC Bank
    LPG subsidy: Aadhaar biometric authentication mandatory for subsidised refills from Oct 1
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September 20, 2026
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Tariff policy and trade truce reshape bilateral engagement as rare-earth leverage limits coercive economic measures.
United States-China trade relations are being conducted through continued tariff policy, prior export restrictions, and a trade truce after escalating tariffs did not achieve their intended effect of changing Chinese economic conduct. China's concentrated supply of rare-earth inputs used in electronics provided negotiating leverage and contributed to the trade armistice. Indications that Chinese goods are routed through third countries to lessen tariff exposure qualify the decline in the bilateral goods imbalance. Continued tariffs have not constrained China's manufacturing expansion or its access to export markets.
September 20, 2026
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Ten-year director tenure cap governs removal of ineligible cooperative bank board members after regulatory review.
RBI required Latur District Central Cooperative Bank to remove directors considered ineligible for exceeding the ten-year maximum tenure applicable to district central cooperative bank directors. The action invoked director ineligibility under the Banking Regulation Act. Following a complaint and a court-directed timeline for regulatory action, RBI sought responses from the concerned directors, seven of whom resigned. An issue was raised over whether the tenure cap could apply retrospectively to appointments made before its stated commencement and whether it was being applied uniformly.
September 19, 2026
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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
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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
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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
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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
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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
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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.

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Startup Policy Forum (SPF) Launches ‘Startup Baithak’ and ‘Startup Baatcheet’ To Celebrate National Startup Day 2025 With DPIIT and Startup India

January 15, 2025

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Delhi, India – Business Wire India • Startup Baithak and Startup Baatcheet, two flagship initiatives by SPF with the support of Startup India and DPIIT aim to bring together 100+ startup founders, startup leaders, government officials, and regulators under one roof.

• Startup Baithak will feature 12 exclusive policy roundtables discussing key policy issues including Data Privacy, Reverse Flipping, AI Governance, Capital Market Regulations, and Fintech Regulations at the iconic G20 Summit Room - Bharat Mandapam, New Delhi.

• Startup Baatcheet will bring together founders, investors, and policymakers for an informal evening to discuss the startup outlook for 2025.

Startup Policy Forum (SPF), with the support of Department for Promotion of Industry and Internal Trade (DPIIT) and Startup India, are launching flagship initiatives - Startup Baithak & Startup Baatcheet, to commemorate National Startup Day 2025. The two-day event to be held at Bharat Mandapam is designed to spotlight the vibrancy and transformative potential of India’s startup ecosystem while discussing key policy issues including Data Privacy, Reverse Flipping, AI Governance, Capital Market, and Fintech Regulations.

The event scheduled for January 15-16, 2025, aims to foster collaboration among stakeholders and shape the future trajectory of India’s innovation landscape. The Startup Baithak is a series of 12 exclusive, closed-door roundtables held over two days and will witness participation from startups including Swiggy, Zerodha, Razorpay, CRED, Pine Labs, Groww, OYO, Practo, Dream11, MPL, CarDekho, Acko, Ixigo, MobiKwik, One Card, ProgCap, Digantara, BharatPe, Physics Wallah and Jupiter, amongst others. These interactive sessions aim to bridge the vision of India’s next-generation nation builders with the mission of policymakers and regulators. Hosted at the iconic G20 Summit Room in Bharat Mandapam, the discussions will tackle pressing challenges, explore innovative solutions, and align strategies to propel the country’s startup ecosystem forward.

Speaking on the occasion, Sh. Sanjiv, Joint Secretary, Startup India-DPIIT, shared, "India’s startup ecosystem is a driving force of innovation and economic growth, and the National Startup Day serves as a testament to the entrepreneurial spirit shaping our nation’s future. Through initiatives such as ‘Startup Baithak’ and ‘Startup Baatcheet,’ the hope is to enable meaningful dialogue between startups, policymakers, and investors, in order to ideate on solutions for today’s challenges. We appreciate the creation of this platform that aims to empower startups to thrive, scale globally, and contribute to India’s position as a global innovation hub." Shweta Rajpal Kohli, President and CEO, Startup Policy Forum (SPF) shared, “India’s startup ecosystem is not just thriving—it’s leading the charge in redefining global innovation. With Startup Baithak and Startup Baatcheet, we’re not just marking National Startup Day—we’re shaping the dialogue and vision for India’s startup ecosystem in 2025 and beyond. As we celebrate National Startup Day, we aim to inspire, connect, and empower the next generation of changemakers to make a lasting impact, furthering the vision of Hon’ble Prime Minister for the Indian Startup ecosystem.” Key leaders and themes during Baithak, include the following: 1. Amitabh Kant, G20 Sherpa: Empowering Bharat: Taking Indian Startups Global.

2. Dr. Shamika Ravi, (Member, EAC-PM Economic Advisory Council to the Prime Minister): India’s New-Age Economic Priorities.

3. S. Krishnan, Secretary, MEITY (Ministry of Electronics and Information Technology): Adoption of Technology & Innovations for Economic Transformation 4. Abhishek Singh, CEO, India AI Mission: The Role of Startups in India’s AI Mission.

5. Sanjiv Singh- Joint Secretary DPIIT (Department for Promotion of Industry and Internal Trade): Shaping Policies to Support Startups 6. Mahaveer Singhvi, Joint Secretary, NEST Division, Ministry of External Affairs: Tech Diplomacy & Tech Governance to Reshape India’s Digital Economy.

7. Anita Shah Akela, Joint Secretary, Corporate Affairs & IEPF (Investor Education and Protection Fund Authority): The Role of Startups in Investor Protection & Financial Literacy.

8. Rajesh Bansal, CEO, RBIH (Reserve Bank Innovation Hub): Building a Resilient Financial Ecosystem through Collaboration & Innovation.

9. Panneerselvam Madanagopal, CEO, MEITY Startup Hub: India’s Emergence as a Global Tech & Innovation Hub.

10. Harsha Bhowmik, Director - Digital Economy and Fintech: India leading in Fintech Revolution 11. Dr. Dipesh Shah and Mr. Joseph Joshy, GIFT City: Internationalizing Indian Startups: Opportunities Through GIFT City.

An Evening of Networking: Startup Baatcheet On the sidelines of Baithak, SPF will also host Startup Baatcheet—an informal networking evening on January 15, 2025. This will bring together founders, investors, startup ecosystem enablers, policymakers, and lawmakers for an informal evening to capture the startup outlook for 2025 and strengthen ties across the entrepreneurial ecosystem.

About Startup Policy Forum Startup Policy Forum (SPF) is an industry alliance for India's new-age companies. SPF’s members include many of India’s most successful and valuable startups including Razorpay, CRED, Groww, Zerodha, Pine Labs, OYO, Acko, Swiggy, Dream11, Mobile Premier League (MPL), Livspace, Cars24, Cardekho, Mobikwik among others.

SPF’s mission is to be a trusted partner to founders and policymakers. It engages in policy advocacy for new-age companies, promotes the Indian startup ecosystem on a global stage and brings together a curated community of leading startups and founders. The Forum provides a platform for networking, community engagement, and consensus building, enabling startups across diverse sectors to scale both domestically and overseas.

to the needs of India’s new-age companies.

About DPIIT The Department for Promotion of Industry and Internal Trade (DPIIT) is the nodal agency of the Ministry of Commerce and Industry. DPIIT is tasked with the development and execution of policies and strategies aimed at fostering the growth of the industrial sector. Its responsibilities are aligned with the nation's overarching priorities and socio-economic goals, ensuring that the industrial advancement it promotes is both sustainable and inclusive. Startup India is a flagship initiative of the Government of India, intended to catalyse startup culture and build a strong and inclusive ecosystem for innovation and entrepreneurship in India.

To View the Image, Click on the Link Below: Startup Policy Forum (SPF) Launches ‘Startup Baithak’ and ‘Startup Baatcheet’ To Celebrate National Startup Day 2025 With DPIIT and Startup India (Disclaimer: The above press release comes to you under an arrangement with Business Wire India and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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