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September 25, 2026
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Interest-free working capital assistance for FCV tobacco growers supports liquidity, institutional loan repayment, crop inputs, and reduced private borrowing.
A one-time, interest-free working-capital loan of Rs. 50,000 per barn is approved for FCV tobacco growers in Andhra Pradesh under the Interest-Free Working Capital Assistance Scheme. Covering about 44,000 growers, the assistance is proposed to be delivered through direct benefit transfer. It is intended to provide liquidity for household requirements, institutional loan repayment and crop inputs, while reducing dependence on private borrowing.
September 25, 2026
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Government securities auction calendar establishes retail bidding access, flexible issuance terms, greenshoe subscriptions, and periodic debt switch operations.
Each auction carries a non-competitive bidding facility, under which five per cent of the notified amount is reserved for specified retail investors. The Government may modify indicated amounts, issuance periods and maturities, and may issue instruments with non-standard maturities, floating-rate bonds or inflation-indexed bonds, having regard to governmental requirements, market conditions and other relevant factors. It may retain additional subscriptions through a greenshoe option and conduct switch or buyback auctions of dated securities.
September 25, 2026
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Market borrowing plan sets dated securities auctions, Treasury Bill issuance, redemption management, and temporary cash-flow support.
Government market borrowing for the second half of FY 2026-27 is to be raised through weekly auctions of dated securities, including Sovereign Green Bonds, across maturities from 3 to 50 years. Debt-management measures include switching and buyback operations to smooth the redemption profile and a greenshoe option for additional subscriptions. Treasury Bills are to be issued through weekly auctions in 91-day, 182-day and 364-day maturities. The Ways and Means Advances limit is fixed to address temporary mismatches in government accounts.
September 25, 2026
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GI-tagged agricultural exports expand farmer access to international markets through FPO-led value chains and higher price realisation.
APEDA facilitated the export of a one-metric-tonne consignment of GI-tagged Gulbarga Tur Dal from Karnataka to the Maldives through an FPO-led brand. Gulbarga Tur Dal has held GI registration since 2019. The export-linked channel provides farmers a realisation of Rs.82 per kg compared with a prevailing market price of Rs.60 per kg, while supporting closer integration of FPOs and farmers into export-oriented supply chains.
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.

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JSW MG Motor Accelerates Into Wider NEV Portfolio: Unveils MG Cyberster and MG M9 Under its Luxury Brand Channel, MG Select

January 21, 2025

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New Delhi, Delhi, India – Business Wire India • Portfolio of 5 EVs across different segments with the Windsor, Comet, ZS, Cyberster and M9 • MG Cyberster, India’s First all-electric Roadster, combines iconic roadster heritage with modern brand design language • Power meets sustainability with the MG M9, India’s first electric three row presidential limousine.

• Debut of MG Select, the new luxury brand channel to make luxury cars more accessible for discerning car buyers in India • Pre-reservations for MG Cyberster and M9 commence today JSW MG Motor India has ushered in a new age of ‘accessible luxury’ with two new models - MG Cyberster, India’s First all-electric Roadster and the MG M9, India’s first electric three-row presidential limousine, slated to be launched this year. Unveiled at the Bharat Mobility Global Expo 2025 today and debuting under its new luxury brand channel, MG Select, these new models underscore the company’s vision to usher in a new era of mobility in India – one that is intelligent, sustainable, and customer-focused. Pre-reservations for the MG Cyberster and M9 commence today, and customers can log on to www.mgselect.co.in and pre-book these two cars. With these two new models, the brand will soon have the widest EV portfolio with five different models across different segments, including the MG Windsor - the number one selling EV since its launch, the MG Comet, and the MG ZS.

The MG Cyberster, India’s First all-electric Roadster, reimagines the classic MG B Roadster with best-in-class technology and futuristic design, blending classic elegance with exhilarating performance. A completely new roadster designed for a new generation of sportscar drivers, the MG Cyberster opens a bold and compelling new chapter for the brand. The MG M9, India’s first electric three-row presidential limousine, is conceptualized to provide ultimate comfort and luxury on wheels. Redefining a luxury EV with spacious interiors, superior craftsmanship, and long range, the MG M9’s charisma will appeal to luxury buyers in India.

Talking about the brand’s continued success in EVs, Parth Jindal, Director, JSW MG Motor India, “Unveiling the two new models at the Bharat Mobility Global Expo, Parth Jindal, Director, JSW MG Motor India, said “JSW MG Motor India is redefining the very concept of accessible luxury in the country by unveiling two luxurious pure EVs that combines legacy and modernity. Having brought the much-needed disruption in the EV market with Windsor EV, we are now set to give a new meaning to the modern roadster standard with MG Cyberster, with its iconic design and value-added features. Along with MG Cyberster, the introduction of the MG M9 presidential limousine is our attempt to provide ultimate comfort and luxury on wheels. With these unveils, we are offering a unique blend of style and features for the discerning buyers, reflecting on our firm commitment to bring world-class luxury and technologically-advanced, sustainable mobility solutions in India.” Speaking at the expo, Rajeev Chaba, CEO Emeritus, JSW MG Motor India, "At JSW MG Motor India, innovation is a core pillar of our brand. We are committed to consistently disrupt the market for our customers, particularly with a sharp focus on NEVs. Our entry into the accessible luxury segment through MG Select is another testament to our persistent efforts to bring the best offering to our consumers. It is this commitment that sets us apart.

With MG Select and our premium product portfolio, we are leading the transition towards an accessible luxury market. The MG Cyberster and M9 will further enhance our growth story in India and enable us to establish the accessible luxury space in India. We remain optimistic about our vision for mobility in India, which will certainly resonate with Indian car buyers.” The MG Windsor has been creating waves since its launch in September last year. After making history as the first passenger EV in India to garner 15,176 bookings within 24 hours of its booking announcement, it also achieved the production milestone of 10,000 in just three months. This achievement underscores the growing enthusiasm for MG’s offerings among Indian buyers and reflects the increasing demand for four-wheeler EVs in the market, signaling a clear shift towards electric mobility.

JSW MG Motor India, known for its commitment to excellence and innovation, is redefining accessible luxury with ‘MG Select’, its new luxury brand channel. Designed for discerning customers, MG Select emphasizes purposeful, new-age experiences. With exclusive experience centers planned across 12 cities, featuring unique, minimalistic showrooms, this new-age luxury brand channel blends innovation, sustainability, and curated offerings to set new benchmarks in modern luxury. Rooted in the rich legacy of Morris Garages, MG Select will offer slick products and best-in-class NEV technology, seamlessly combining environmentally conscious mobility with timeless design. MG Select will deliver exceptional style, performance, and sophistication, ushering in a purpose-driven, new era of luxury in India.

The MG pavilion showcased an extensive line-up of futuristic products across different powertrains, global portfolio showstoppers and segment-first models from its popular Indian portfolio. Themed Drive.Future, the pavilion helped visitors envision the future of mobility through a series of innovative products, advanced technology, new-age mobility solutions and elevated customer experience.

Details of products unveiled at the Bharat Mobility Global Expo 2025 MG Cyberster: India’s first all-electric Roadster, the MG Cyberster featuring India’s first-ever electric scissor doors, operating from single-touch button across the interior console, key fob and each door in a rapid 5-second open and shut time. Engineered to ensure safety, the built-in Dual Radar sensors on each door provide protection sideways and upwards while opening. It is also clubbed with an anti-pinch bounce back feature ensuring safety for the consumer while closing the door. With lightning-fast acceleration (0 to 100 kmph in 3.2 seconds) and a sleek silhouette, the MG Cyberster’s iconic design pays homage to MG’s storied heritage while redefining the modern roadster standard. Featuring an aerodynamic Kammback design, the electric vehicle comes with the industry’s slimmest 77 kWh battery pack, with a thickness of just 110 mm. MG Cyberster is a powerhouse of elegance, sportiness, and innovation.

MG M9: The MG M9, India’s first electric three-row presidential limousine is conceptualised to provide ultimate comfort and luxury on wheels. The limousine is built with a charismatic blend of signature styles, from its touchscreen armrest on reclining ottoman seats in the second row to the trapezoidal front grille on the exterior. With 8 massage modes in the ottoman seats and the 3-zone climate control, it ensures an elevated sense of comfort, all of which can be controlled from the touchscreen panel on the armrest. This majestic limousine is for the discerning few who long to travel with the best amenities and can comfortably seat seven passengers across three rows. The quite cabin atmosphere is comparable to a theatre with stunning audio pleasure. High on performance, MG M9 offers an immersive panoramic sunroof and front-opening skylight. With electrically powered technology, the car sets a new standard of luxury and leisure.

About JSW MG Motor India SAIC Motor, a global Fortune 500 company with a presence in over 100 countries and JSW Group (India's leading conglomerate with interests across B2B and B2C sectors) formed a joint venture - JSW MG Motor India Pvt. Ltd. in 2023. The joint venture aims to build an innovative and sustainable automotive ecosystem while continuing to stay focused on developing a diverse portfolio of vehicles to give car buyers better access to advanced technologies and futuristic products with attractive value propositions. JSW MG Motor India Pvt. Ltd. is committed to introducing world-class technology, strengthening the manufacturing landscape, best of innovation across its business operations, and generating significant employment opportunities through extensive localization.

About Morris Garages Founded in the UK in 1924, Morris Garages vehicles were world-famous for their sports cars, roadsters, and cabriolet series. MG vehicles were much sought after by celebrities, including British Prime Ministers and even the British Royal Family, for their styling, elegance, and spirited performance. The MG Car Club, set up in 1930 at Abingdon in the UK, has thousands of loyal fans, making it one of the world’s largest clubs for a car brand. MG has evolved into a modern, futuristic, and innovative brand over the last 100 years. Its state-of-the-art manufacturing facility in Halol, Gujarat, has an annual production capacity of 1,00,000 plus vehicles and 6,000 direct and indirect employees. Driven by its vision of CASE (Connected, Autonomous, Shared, and Electric) mobility, the innovative automaker has augmented across-the-board ‘experiences’ within the automobile segment today. It has introduced several ‘firsts’ in India, including India’s first Internet SUV – MG Hector, India’s first Pure Electric Internet SUV – MG ZS EV, India’s first Autonomous (Level 1) Premium SUV – MG Gloster, the Astor- India’s first SUV with personal AI assistant and Autonomous (Level 2) technology, MG Comet – The Street-Smart Car and India’s first Intelligent CUV, MG Windsor.

Website: https://www.mgselect.co.in/ Facebook: https://www.facebook.com/mgselectindia/ Instagram: https://www.instagram.com/mgselect/ LinkedIn: https://www.linkedin.com/company/mg-select-india/ YouTube: https://www.youtube.com/@MGSelect X: https://x.com/MGSelectIndia To View the Image, Click on the Link Below: Hon PM Shri Narendra Modi visits JSW MG Motor India’s pavillion at the BMGE 2025. Parth Jindal, Director, JSW MG Motor India and Rajeev Chaba, CEO Emeritus, JSW MG Motor India were with him.

(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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