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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.
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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.
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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.
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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.

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WEF Davos meet begins with award for Beckham, concert on Antarctica

January 21, 2025

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Davos, Jan 21 (PTI) With a call for 'collaboration for the intelligent age', the World Economic Forum began its annual meeting here on by conferring legendary footballer David Beckham and two others with the prestigious Crystal Awards and an opening concert that brought together classical music and AI-generated visuals to spotlight an urgent environmental crisis facing Antarctica.

Several Indian leaders also reached this ski resort town to participate in the biggest confluence of top global leaders from arenas ranging from the government to businesses to civil society to academia, art and culture.

WEF President and CEO Borge Brense said the meeting is taking place at one of the most uncertain moments in a generation, as new geoeconomic, geopolitical and technological forces reshape our societies.

The dynamic changes taking place are creating both significant challenges to address, as well as important opportunities, particularly regarding fast-evolving technologies, to unlock, he said.

In convening 3,000 leaders from around the world and across the public and private sectors, our aim is to help strengthen or build the collaboration needed for this unique moment, he said in his welcome message for nearly 3,000 leaders from across the globe participating in the five-day meeting that will continue till January 24.

"I look forward to the constructive dialogue that will take place in Davos this week, which I am confident will have an important impact on the year ahead, and beyond," Brense said about the 55th WEF Annual Meeting which has selected 'Collaboration in an intelligent age' as its theme.

Union minister Ashwini Vaishnaw, who is leading a big Indian delegation that comprises a strong representation of states, said he will highlight India's Development Model at Davos and the country's vision for inclusive growth and digital transformation.

Maharashtra CM Devendra Fadnavis said his state would be meeting the world at the meeting and was aspiring to break new ground on the global stage.

Andhra Pradesh CM N Chandrababu Naidu said he along with his team was ready to put Andhra Pradesh back on the global investment map.

While the major sessions and plenary speeches will begin on Tuesday, the opening evening on Monday saw star footballer David Beckham, fashion designer Diane von Furstenberg and renowned architect Riken Yamamoto getting the Crystal Awards.

The dynamic changes taking place are creating both significant challenges to address, as well as important opportunities, particularly regarding fast-evolving technologies, to unlock, he said.

In convening 3,000 leaders from around the world and across the public and private sectors, our aim is to help strengthen or build the collaboration needed for this unique moment, he said in his welcome message for nearly 3,000 leaders from across the globe participating in the five-day meeting that will continue till January 24 The awards function was followed by an opening concert that turned out to be a spectacular and emotionally engaging moment when the best of classical music, electronic compositions and AI-generated visual experiences to an extraordinary event under the theme of preserving the glaciers.

In alignment with the UN’s declaration of 2025 as the International Year of Glacier Preservation, the concert spotlighted the urgent environmental crisis facing Antarctica, home to 91% of the world’s glaciers.

Besides business and government leaders from across the world, the meeting is also attended every year by several renowned people from fields of art, culture, entertainment, and civil society, among others.

The WEF said the Crystal Award celebrates the achievements of cultural leaders who have made significant contributions to advancing social, environmental and creative progress worldwide.

This year's awardees span diverse fields, including architecture, fashion and sport, and are recognised for notable efforts in advancing community regeneration, gender equality, children's rights, and more.

Yamamoto, also a 2024 Pritzker Prize laureate, will be honoured with the 2025 Crystal Award for his outstanding contributions to architecture and society.

Furstenberg, a celebrated fashion designer, philanthropist and champion of women's rights, is being awarded for her contributions to empowering women through philanthropy, mentorship and social responsibility.

As founder of her eponymous brand and creator of the iconic wrap dress, she has consistently championed women's independence and strength as a leading voice in the movement for gender equality and women's rights.

Furstenberg also serves on the board of Vital Voices Global Partnership, a non-profit organisation founded in 1997.

The former English footballer is a UNICEF Goodwill Ambassador and global advocate for children's rights.

He is being given the Crystal Award in recognition of his long-term humanitarian work and unwavering commitment to improving the lives of children worldwide, the WEF said.

Through his relentless dedication to children's education, protection and well-being, Beckham has emerged as a powerful global leader in advocacy for the rights of vulnerable children worldwide, using his platform and resources to create lasting, positive change, it added.

Through his work with UNICEF, he has raised awareness of the importance of immunisation, and he is a long-time campaigner for malaria prevention.

The awards were presented by Hilde Schwab, Chairwoman and Co-Founder of the World Economic Forum's World Arts Forum. PTI BJ MR MR

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