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    11th Meeting of National Traders’ Welfare Board Convened in New Delhi
    DRI seizes 9.40 kg foreign-origin gold worth around Rs. 15 crore at Mumbai airport; three arrested
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September 25, 2026
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Trader welfare policy discussions covered GST reform, digital commerce, finance access, export promotion, and coordinated institutional support.
Deliberations covered GST rationalisation, refund delays, audit duration, amnesty schemes, input tax credit anomalies and pending appeals, alongside proposed inclusion of traders in MSME facilitation committees, a centralised loan portal with a 30-day timeline, CIBIL score reforms and grievance helplines. Trader welfare measures considered timely contractor payments, safeguards against technical penalties, loan-repayment flexibility during lean periods and stronger Centre-State coordination.
September 25, 2026
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Gold smuggling through powdered gold concealed in food products led to seizure and arrests under customs law.
Intelligence-led interception and baggage examination identified foreign-origin gold converted into fine powder and mixed with packaged food products of similar colour, texture and consistency. Segregation and assaying yielded 9.40 kg foreign-origin gold, which was seized under the Customs Act, 1962. Questioning linked the passengers to the same organised gold-smuggling syndicate, and they were arrested under that Act.
September 25, 2026
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Customs seizure of suspected smuggled areca nuts and restricted poppy seeds followed intelligence-led cross-border enforcement operations.
Intelligence-led customs enforcement in Mizoram and Assam resulted in seizure, under the Customs Act, 1962, of suspected foreign-origin areca nuts and poppy seeds believed on preliminary inquiry to have been smuggled from Myanmar. Searches of locked, unattended godowns near the Indo-Myanmar border recovered the commodities, while interception of two trucks carrying poppy seeds without valid import documents led to seizure of the consignments and vehicles. Four persons connected with transportation of the poppy seeds were arrested.
September 25, 2026
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Industrial control system cybersecurity certification validates system-level protection across wind farm controls, networks, and lifecycle security services.
IEC 62443-3-3 Security Level 2 certification applies to a wind farm control system covering SCADA, PPC, PLC and industrial network devices. It assesses system-level security requirements, including the interaction of components, networks and security mechanisms within an overall industrial control environment. The cybersecurity framework also spans secure development, certified core control components, system-level protection, and security integration and maintenance services across the lifecycle of wind energy technologies.
September 25, 2026
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Foreign exchange reserve composition reflects a weekly decline driven by foreign currency assets despite a modest gold increase.
India's foreign exchange reserves declined by USD 14.881 billion to USD 765.901 billion for the week ended 18 September 2026. The contraction was principally driven by a reduction in foreign currency assets, which also reflect valuation effects from movements in non-US reserve currencies. Gold reserves increased, while Special Drawing Rights decreased and the reserve position with the International Monetary Fund remained reported separately.
September 25, 2026
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Five-day banking proposal remains under consideration amid strike plans and measures for uninterrupted banking and advance disbursements.
Five-day banking remains under governmental consideration, with no Finance Ministry commitment to implementation. Unions linked the proposal to the 12th Bipartite Settlement/9th Joint Note, which contemplated extended Monday-to-Friday working hours. Family pension revision and a pension option for resignees were identified as addressed, while withdrawal of the Performance Linked Incentive scheme remains in abeyance. Public sector banks were instructed to remain open on the preceding Sunday, and central government salaries, wages and pensions were directed to be disbursed in advance.
September 25, 2026
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Alternative fuel transition promotes ethanol, electric and hydrogen mobility to reduce imports, pollution, and strengthen farm income.
Alternative-fuel and public-transport measures seek to reduce dependence on imported petroleum, curb air pollution, and support farmer income and employment. Ethanol is positioned as a farm-income source through increased demand and returns for maize growers, alongside electricity, hydrogen and waste-derived CNG. Development and introduction of flex-fuel vehicles, using engines capable of operating on ethanol, electric tractors, hydrogen-powered vehicles and hydrogen buses form part of a cleaner-mobility strategy.
September 25, 2026
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Foreign-exchange market intervention expectations supported rupee appreciation amid improved risk sentiment, while importer demand and crude prices constrained gains.
Foreign-exchange market conditions supported a 19-paise appreciation of the rupee to 95.80 against the US dollar, aided by improved global risk sentiment and expectations of Reserve Bank intervention. Dollar demand from importers, high crude prices and US dollar strength constrained gains. Lower crude prices and dollar weakness could support the rupee, while geopolitical escalation may create pressure. Market participants expected intervention if the currency weakened toward 96.
September 25, 2026
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Credit health assessment combines score, repayment history, utilisation, accounts and enquiries to support informed borrowing and profile monitoring.
Credit health is broader than a numerical credit score and encompasses the way credit has been managed over time. Credit analysis requires a combined review of the score, repayment history, credit accounts, credit utilisation, credit history and credit enquiries. A credit report may identify management of EMIs and credit-card dues, existing borrowing obligations, use of revolving credit relative to available limits, and recent lender checks associated with credit applications. Incorrect or unfamiliar entries may be reviewed and, where necessary, raised with the relevant lender or credit bureau.
September 25, 2026
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Fuel-price mitigation measures use tax reductions, targeted subsidies and energy-security policies to ease pressure on households and energy-intensive industries.
European fuel-price intervention combines targeted subsidies, fuel-tax reductions, temporary regulatory flexibilities and energy-security investment to moderate the economic effects of sharply higher gasoline and diesel prices caused by disrupted supplies. Member States have temporary discretion to grant state aid to households and energy-intensive sectors, including agriculture, transport and fishing, and limited flexibility under EU spending rules for investments that improve energy security and reduce dependence on imported fossil fuels.
September 25, 2026
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AI management certification anchors responsible lifecycle governance, transparency, accountability, security, and human oversight for agentic loyalty systems.
ISO/IEC 42001:2023 certification applies to an Artificial Intelligence Management System governing AI development, deployment, oversight and continual improvement within the GRAVTY platform. The framework supports AI-related risk management, responsible governance, transparency, accountability, security and human oversight throughout the AI lifecycle. Its scope includes supervised and unsupervised learning models and large language models supporting personalised engagement, fraud management, loyalty intelligence, autonomous decision-making, operational automation and workflow support.
September 25, 2026
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Digital warehousing controls propose electronic tracking, secure transport, monthly returns, and risk-based compliance verification for warehoused goods.
Draft Warehousing Operations Regulations, 2026 would require public and private warehouse licensees to use the electronic portal and a digital warehouse management system for receipt, storage, transfers, removals and accounting of warehoused goods. Transport would generally require a one-time-lock and transit-risk insurance, subject to specified exemptions. Licensees would verify locks and goods, report discrepancies, maintain auditable electronic records, submit monthly returns, and permit removals for home consumption or export only upon electronic clearance orders. Non-confirmation, discrepancies and contraventions would trigger information demands, risk-based verification and action under the Customs Act.
September 25, 2026
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Technology risk governance requires banks to retain accountability, test resilience, and govern artificial intelligence before scaling financial services.
Technology risk governance must treat technology architecture as a first-order enterprise risk, alongside conventional financial risks, because the availability and integrity of core banking, payments, onboarding, credit, fraud-monitoring and reporting systems determine whether customers can access essential financial services. Banks may outsource technology functions but retain accountability for access controls, concentration, recoverability, data protection and exit options. Effective resilience requires secure architecture, asset visibility, timely remediation of vulnerabilities and legacy systems, identity and access management, effective controls, third-party oversight, post-incident learning, and regular recovery testing.
September 25, 2026
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Global value chain integration advances trade partnerships, semiconductor capacity, and deep-tech innovation within broader economic engagement.
India's global economic engagement prioritises trade and economic partnerships to strengthen participation in global value chains and supply chains, facilitating cross-border movement of goods and services. The approach is linked to projected semiconductor demand and development of artificial-intelligence capabilities, alongside innovation, deep-tech startup support and private-sector space activity. The startup ecosystem is described as having expanded substantially, with current policy emphasis on deep-tech innovation and participation in global markets.
September 25, 2026
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Trade agreement review targets balanced, user-friendly, trade-facilitative rules to address asymmetries and strengthen regional commerce.
The ongoing review of the ASEAN-India Trade in Goods Agreement seeks to enhance trade flows, address trade asymmetries, and deliver a balanced, effective, user-friendly, and trade-facilitative arrangement for businesses. It forms part of India's commitment to mutually beneficial trade partnerships and regional trade arrangements.
September 24, 2026
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Portfolio management reforms broaden permitted investments, establish independent fund managers, and retain registered managers' responsibility for client portfolios.
Portfolio-management reforms replace the 2020 framework and expand investments into IPOs, primary-market debt, listed overseas equity and debt, and direct plans of Indian mutual fund schemes. Investment-grade unlisted non-convertible debt may comprise up to 10 per cent of client assets under management with client consent. Independent Fund Managers may operate with registered portfolio managers, which retain responsibility and liability. Accredited-investor eligibility is broadened, while specified compliance requirements are relaxed where adequate audit trails and internal controls exist.
September 24, 2026
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Merchant discount rate on UPI merchant payments may be treated as a taxable payment settlement service with input credit availability.
GST treatment of MDR charged on UPI merchant payments above Rs 2,000 is to be considered by the GST Council. The MDR framework imposes a merchant-borne charge for payment processing and settlement. As these activities are services, MDR may attract GST at 18 per cent, subject to the Council's view. Merchants paying GST on MDR may claim input tax credit, potentially reducing their net tax burden.
September 24, 2026
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Fiscal responsibility limits frame cautions on new projects as budgetary discipline rather than financial crisis.
Finance-department advice treats fiscal indicators as grounds for restraint in approving additional expenditure rather than as evidence that funds are unavailable. Funding new projects may be difficult until additional resources are mobilised or allocations already approved are reallocated. Project proposals lacking budgetary provision or earmarked funding may create cash-flow pressures and fiscal-management challenges, requiring deferment until resources are finalised.
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.
Russian crude imports are operating near 1.8 million barrels daily in September, with refinery maintenance, stronger Chinese buying, and disruptions to Russian export infrastructure constraining availability. Middle Eastern supply, especially from Iraq and Saudi Arabia, has offset reduced Russian volumes. Potential tougher restrictions on countries purchasing Russian oil could complicate procurement, but energy security and tight physical oil markets make a significant near-term reduction in Russian crude purchases unlikely. Replacement remains technically possible but may raise procurement costs and competition for medium-grade crude.

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HERE and Pioneer to Showcase Connected Solutions to Enhance Two-wheeler Safety and Navigation at Bharat Mobility Expo 2025

January 17, 2025

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Delhi, India (NewsVoir) • HERE to participate in India’s Bharat Mobility Global Expo 2025, held January 17 – 22.

• Innovative two-wheeler connected devices to debut in the Asia-Pacific region following their CES 2025 unveiling.

• Visit the HERE booth at Bharat Mandapam, Hall 11 for a first-hand look.

HERE Technologies, the leading location data and technology platform, and Pioneer Corporation (“Pioneer”), a global leader in vehicle electronics, will debut their innovative connected devices for two-wheelers in Asia-Pacific (APAC) at a joint showcase during India’s Bharat Mobility Global Expo 2025, held from January 17 to 22.

The Pioneer Smart Display and Ride Cam devices will be featured at the HERE booth located at Bharat Mandapam, Hall 11. These solutions are designed to transform the riding experience, with a focus on safety, connectivity and scalability, addressing the needs of India’s rapidly expanding two-wheeler market.

Transforming two-wheeler mobility The Smart Display and Ride Cam devices are designed as OEM-branded retrofit accessories that can be catered to the unique needs of India’s rapidly growing two-wheeler market, including rising costs, pollution, safety concerns and complex infrastructure. These solutions integrate seamlessly with smartphones to enhance navigation and connectivity through cost-effective, scalable hardware powered by the HERE SDK.

The HERE SDK is a set of tools and application programming interfaces offering access to a wide range of location features, including mapping, routing, geocoding, search, traffic, transit and indoor navigation. Designed for cross-platform development on iOS, Android and Flutter, it supports efficient and versatile application development, including embedded navigation for vehicles, two-wheelers and trucks. The HERE SDK also powers mobile apps with features syncing directions from mobile to the two-wheeler seamlessly, fleet management and additional location-aware services, including EV charging and safety alerts.

Smart Display: Enhancing safety and connectivity The Smart Display is a sleek, easy-to-install device that enhances the two-wheeler riding experience with advanced features powered by the Pioneer RIDE CONNECT SDK. Key features include: • Crash detection and eCall: Built-in sensors and algorithms enable automatic or manual emergency alerts via a smartphone app.

• Seamless connectivity: Stable Bluetooth Low Energy (BLE) connection ensures low power consumption while delivering cloud- and smartphone-integrated services.

• Real-time information: Provides navigation, speed limit alerts, speed camera warnings, traffic updates and weather insights, all powered by the HERE SDK.

• Vehicle data monitoring: Displays vital information such as tire pressure and EV range, ensuring a safer, more informed ride.

Ride Cam: AI-powered dashcam for two-wheelers The Ride Cam is a compact dashcam tailored for two-wheelers. It combines safety, connectivity and artificial intelligence (AI)-powered analytics. Key features include: • Crash detection and eCall: Integrated sensor and algorithm offer emergency alert capabilities, supplemented by a manual SOS button for security.

• Generative AI analytics: Processes accident footage, sensor data, and map information to generate detailed reports for eCall Centers and insurance providers.

• Seamless integration: Compatible with existing smartphone apps for scalable, flexible solutions tailored for automotive OEMs.

Meeting the needs of India’s two-wheeler market This collaboration between Pioneer and HERE brings together their respective hardware and location intelligence expertise to create a scalable solution for India’s expanding two-wheeler market. It addresses key industry demands by offering enhanced connectivity through an integrated ecosystem linking riders, devices and the cloud. The solution prioritizes safety with rider-specific precise navigation and real-time updates designed to navigate the dynamic and complex nature of India’s road infrastructure, all while ensuring affordability through cost-effective, retrofittable devices.

Siva Subramanian, PhD, CEO, Mobility AI & Connectivity Business Unit, Pioneer Corporation said, “We are excited to bring compelling solutions that cater to the specific needs of India’s rapidly growing two-wheeler market. By combining our expertise in hardware and mobility AI with HERE’s robust mapping and location intelligence, we are bringing enhanced safety, convenience and new connected experiences to riders in India and across the world. This partnership underscores our dedication towards innovation and supporting the evolving mobility landscape in India.” Abhijit Sengupta, Senior Director and Head of Business for India and Southeast Asia at HERE Technologies said, “These innovative devices represent a significant leap forward in location-aware technology for the two-wheeler market, particularly in India where these vehicles play a vital role as a primary mode of transportation and as the backbone of the e-commerce and delivery ecosystem. By being OEM-system agnostic, this solution can seamlessly integrate with any manufacturer’s ecosystem, making it scalable on a global level. Together with Pioneer, we are helping to redefine connectivity and safety for millions of riders.” In November 2024, HERE Technologies and Pioneer signed a Memorandum of Understanding (MOU) to co-develop innovative connected devices and services for the global two-wheeler market. By leveraging the HERE SDK, the partnership promises to deliver integrated solutions for motorcycle manufacturers, fleet operators and insurers, including connected services like smart displays and in-vehicle devices for enhanced rider experiences, real-time tracking and EV transition support for fleets, and safety-focused, data-driven insights for insurers.

Visit the HERE booth at the Bharat Mobility Global Expo 2025 located at Bharat Mandapam, Hall 11.

About Pioneer Corporation Pioneer is a leading global manufacturer that has been developing an array of world-first products and services since its inception in 1938 based on its corporate philosophy of “Move the Heart and Touch the Soul.” Through our core car electronics business, we propose new and unique value by providing products and services that realize comfort, excitement, safety and security in vehicle interiors, utilizing unique and innovative ideas combined with cutting-edge technologies. We have formulated the goal of "Creating the Future of Mobility Experiences" as our new corporate vision and are committed to transforming into a solution company that uses products and services to solve the myriad challenges of the mobility field. For more information on Pioneer, visit the company's website at www.pioneer.jp/en.

About HERE Technologies HERE has been a pioneer in mapping and location technology for almost 40 years. Today, HERE’s location platform is recognized as the most complete in the industry, powering location-based products, services and custom maps for organizations and enterprises across the globe. From autonomous driving and seamless logistics to new mobility experiences, HERE allows its partners and customers to innovate while retaining control over their data and safeguarding privacy. Find out how HERE is moving the world forward at here.com.

(Disclaimer: The above press release comes to you under an arrangement with Newsvoir and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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