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    IDFC FIRST Bank enables Direct Tax payments through UPI, cards, net banking and branches
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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
Show AI Summary
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
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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.
September 24, 2026
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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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Gaza ceasefire goes into effect on Sunday. Israel says details in flux, Qatari PM

January 16, 2025

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Doha, Jan 15 (AP) Qatar's prime minister on Wednesday announced a ceasefire agreement between Israel and Hamas that will pause the devastating 15-month war in Gaza and clear the way for dozens of Israeli hostages to go home.

Sheikh Mohammed bin Abdulrahman Al Thani announced the agreement in the Qatari capital of Doha, the site of weeks of painstaking negotiations. He said the deal would go into effect on Sunday.

Israel and Hamas agreed to a ceasefire deal to pause the devastating war in the Gaza Strip, multiple officials announced on Wednesday, raising the possibility of winding down the deadliest and most destructive fighting between the bitter enemies.

The deal, coming after weeks of painstaking negotiations in the Qatari capital, promises the release of dozens of hostages held by Hamas in phases, the release of hundreds of Palestinian prisoners in Israel and would allow hundreds of thousands of people displaced in Gaza to return to what remains of their homes.

It also would flood badly needed humanitarian aid into a territory ravaged by 15 months of war.

Three officials from the US and one from Hamas confirmed that a deal had been reached, while the office of Israeli Prime Minister Benjamin Netanyahu said final details were still being ironed out.

All three US officials and the Hamas official requested anonymity to discuss the contours of the deal before the official announcement by mediators in Doha.

Netanyahu's office said in a statement that it hoped “details will be finalised tonight".

An Israeli official familiar with the talks said those details centre on confirming the list of Palestinian prisoners, currently serving lengthy sentences for deadly attacks on Israelis, who are to be freed as part of the deal. Any agreement must be approved by Netanyahu's Cabinet.

Once official, the deal is expected to deliver an initial six-week halt to fighting that is to be accompanied by the opening of negotiations on ending the war altogether.

Over six weeks, 33 of the nearly 100 hostages are to be reunited with their loved ones after months in in captivity with no contact with the outside world, though it's unclear if all are alive.

It remained unclear exactly when and how many displaced Palestinians would be able to return to what remains of their homes and whether the agreement would lead to a complete end to the war and the full withdrawal of Israeli troops from Gaza — key Hamas demands for releasing the remaining captives.

Many longer-term questions about postwar Gaza remain, including who will rule the territory or oversee the daunting task of reconstruction after a brutal conflict that has destabilised the broader Middle East and sparked worldwide protests.

Hamas triggered the war with its October 7, 2023, cross-border attack, which killed some 1,200 Israelis and took 250 others hostage. Israel responded with a fierce offensive that has killed over 46,000 Palestinians, according to local health officials, displaced an estimated 90 per cent of Gaza's population and sparked a humanitarian crisis.

More than 100 hostages were freed from Gaza in a week-long truce in November 2023.

The US, along with Egypt and Qatar, have brokered months of indirect talks between the bitter enemies that finally culminated in this latest deal. It comes after Israel and the Lebanese militant group Hezbollah agreed to a ceasefire in November, after more than a year of conflict linked to the war in the Gaza.

Israel responded with a brutal air and ground offensive that has killed over 46,000 Palestinians, according to local health officials. They do not distinguish between civilians and militants but say women and children make up more than half of those killed.

UN and international relief organisations estimate that some 90 per cent of Gaza's 2.3 million people have been displaced, often multiple times. They say tens of thousands of homes have been destroyed and hospitals are barely functioning.

Experts have warned that famine may be underway in northern Gaza, where Israel launched a major offensive in early October, displacing tens of thousands of residents.

“The best day in my life and the life of the Gaza people,” Abed Radwan, a Palestinian father of three, said of the ceasefire deal. “Thank God. Thank God.” Radwan, who has been displaced from the town of Beit Lahiya for over a year and shelters in Gaza City, said he hopes to return and to rebuild his home. As he spoke to AP by phone, his voice was overshadowed by the celebrations of fellow Gazans.

“People are crying here. They don't believe it's true," he said.

In Israel, hundreds of demonstrators gathered outside Israel's military headquarters in Tel Aviv, calling for a deal to be completed. Many held posters of hostages held by Hamas, others hoisted candles in the air.

As the deal was announced, some people were unaware that it had gone through. Sharone Lifschitz, whose father Oded is being held in Gaza, told the AP by phone she was stunned and grateful but won't believe it until she sees all the hostages come home.

“I'm so desperate to see them if by some miracle my father has survived,” she said.

US President Joe Biden, who has provided crucial military aid to Israel but expressed exasperation over civilian deaths, announced the outline of the three-phase ceasefire agreement on May 31. The agreement eventually agreed to followed that framework.

He said the first phase would last for six weeks and include a “full and complete ceasefire”, a withdrawal of Israeli forces from densely populated areas of Gaza and the release of a number of hostages, including women, older adults and wounded people, in exchange for the release of hundreds of Palestinian prisoners.

Humanitarian assistance would surge, with hundreds of trucks entering Gaza each day.

The second and most difficult phase would include the release of all remaining living hostages, including male soldiers, and Israeli forces would withdraw from Gaza.

The third phase calls for the start of a major reconstruction of Gaza, which faces decades of rebuilding from devastation caused by the war.

Hamas had been demanding assurances for a permanent end to the war and complete withdrawal of all Israeli forces from Gaza. Israel, meanwhile, has repeatedly said it would not halt the war until it destroys Hamas' military and governing capabilities.

The various players have conducted months of on-again, off-again negotiations. But with Biden's days in office numbered and President-elect Donald Trump set to take over, both sides had been under heavy pressure to agree to a deal.

Trump celebrated the soon-to-be-announced agreement in a posting on his Truth Social social media platform: “WE HAVE A DEAL FOR THE HOSTAGES IN THE MIDDLE EAST. THEY WILL BE RELEASED SHORTLY. THANK YOU!” Jonathan Panikoff, director of the Scowcroft Middle East Security Initiative at the Atlantic Council, said Biden deserves praise for continuing to push the talks. But Trump's threats to Hamas and his efforts to “cajole” Netanyahu deserve credit as well.

“The ironic reality is that at a time of heightened partisanship even over foreign policy, the deal represents how much more powerful and influential US foreign policy can be when it's bipartisan,” Panikoff said.

Hezbollah's acceptance of a ceasefire in Lebanon after it had suffered heavy blows, and the overthrow of President Bashar Assad in Syria, were both major setbacks for Iran and its allies across the region, including Hamas, which was left increasingly isolated.

Israel has come under heavy international criticism, including from its closest ally, the United States, over the civilian toll. Israel says it has killed around 17,000 militants — though it has not provided evidence to support the claim.

It also blames Hamas for the civilian casualties, accusing the group of using schools, hospitals and residential areas for military purposes.

The International Court of Justice is investigating allegations brought by South Africa that Israel has committed genocide. The International Criminal Court, a separate body also based in The Hague, has issued arrest warrants for Prime Minister Benjamin Netanyahu, his defence minister and a Hamas commander for war crimes and crimes against humanity linked to the war.

Israel and the United States have condemned the actions taken by both courts.

Netanyahu also faced great domestic pressure to bring home the hostages, whose plight has captured the nation's attention. Their families have become a powerful lobbying group with wide public support backed by months of mass protests urging the government to reach a deal with Hamas.

Israeli authorities have already concluded that more than a third of the roughly 100 remaining people held captive are dead, and there are fears that others are no longer alive. A series of videos released by Hamas showing surviving hostages in distress, combined with news that a growing number of abducted Israelis have died, put added pressure on the Israeli leader.

Hamas, a militant group that does not accept Israel's existence, has come under overwhelming pressure from Israeli military operations, including the invasion of Gaza's largest cities and towns and the takeover of the border between Gaza and Egypt.

Its top leaders, including Yahya Sinwar, who was believed to have helped mastermind the October 7, 2023, attack, have been killed.

But its fighters have regrouped in some of the hardest-hit areas after the withdrawal of Israeli forces, raising the prospect of a prolonged insurgency if the war continues.

Netanyahu has vowed to continue the war until Hamas's military and governing capabilities are destroyed. But it has never been clear what that would entail or if it's even possible, given the group's deep roots in Palestinian society, its presence in Lebanon and the occupied West Bank, and its exiled leadership.

If the ceasefire takes hold, both sides face many difficult and unanswered questions.

As the war winds down, Netanyahu will face growing calls for postwar investigations that could find him at least partially responsible for the security failures of October 7 — the worst in Israel's history. His far-right governing partners, who opposed a ceasefire deal, could also bring down the coalition and push the country into early elections.

There is still no plan for who will govern Gaza after the war. Israel has said it will work with local Palestinians not affiliated with Hamas or the Western-backed Palestinian Authority. But it is unclear if such partners exist, and Hamas has threatened anyone who cooperates with Israeli forces.

The United States has tried to advance sweeping postwar plans for a reformed Palestinian Authority to govern Gaza with Arab and international assistance. As part of those plans, the US hope Saudi Arabia would normalize relations with Israel in return for US security guarantees and aid in setting up a civilian nuclear programme.

But those plans depend on credible progress toward the creation of a Palestinian state, something Netanyahu and much of Israel's political class oppose. Netanyahu has said Israel will maintain open-ended security control over Gaza as well as the occupied West Bank, territories captured by Israel in the 1967 war that the Palestinians want for their future state.

In the absence of a postwar arrangement with Palestinian support, Hamas is likely to remain a significant force in Gaza and could reconstitute its military capabilities if Israeli forces fully withdraw. (AP) PY PY

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