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    China, US hold 'candid, in-depth' talks on tariffs, AI issues ahead of Xi-Trump meeting
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    Conference on “Financing India’s Journey towards Viksit Bharat” concludes in New Delhi
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September 21, 2026
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Tariff sanctions and AI trade consultations examine reciprocal tariff reduction amid energy-purchase measures and objections to unilateral sanctions.
Expanded sanctions and tariff measures form the immediate trade-policy backdrop. The Lindsey O. Graham Sanctioning Russia and Iran Act of 2026 authorises expanded sanctions and tariffs targeting Russia and countries that buy its energy exports. China contests the application of tariffs to its purchases and opposes long-arm jurisdiction and unilateral sanctions asserted without a basis in international law or a UN Security Council mandate. Parallel negotiations contemplate a reciprocal tariff-reduction arrangement.
September 21, 2026
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Rupee appreciation in early trade reflects lower crude prices and stronger domestic equities despite dollar demand.
Rupee appreciation in early interbank trading saw the currency strengthen by 24 paise to 95.72 per US dollar. Lower Brent crude prices, gains in domestic equities and improved foreign fund sentiment supported the currency, while importer demand for dollars and broader US-dollar strength limited gains. Market commentary identified a broad near-term trading range, and foreign-exchange reserves declined because foreign-currency and gold reserves fell.
September 21, 2026
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Digital signature compatibility requires updated signing software for newly issued tokens, while functioning existing certificates remain usable until expiry.
Digital-signature users with tokens issued on or after 21 September 2026 must install emSigner v3.3, while users whose existing certificates and tokens function normally may retain their current version. Version 3.3 supports existing tokens and is required where signing fails or certificates cannot be selected despite correctly installed drivers. Certificates downloaded to FIPS 140-2 dongles on or before that date remain valid until expiry; later renewal or fresh issuance generally requires FIPS 140-3 dongles, subject to specified exceptions.
September 21, 2026
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Private capital mobilisation for development financing requires predictable investment conditions, credible projects, fiscal transparency, and strengthened State capital expenditure.
Development financing for Viksit Bharat is framed as a joint Union-State and private-sector task requiring higher savings and investment, fiscally resilient public finances, and mechanisms to mobilise private capital. Fiscal sustainability requires State-wise debt assessments and fuller disclosure of off-budget borrowings, guarantees, arrears and borrowings through State-owned entities. Public resources are expected to play a catalytic role in attracting private investment, supported by predictable rules, enforceable contracts, faster dispute resolution and stronger investment protections.
September 21, 2026
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PMLA-IBC interface examines challenges in harmonising insolvency resolution with money-laundering asset attachment, investigation, tracing and enforcement.
The PMLA-IBC interface addresses reconciliation of insolvency resolution with anti-money-laundering enforcement where corporate debtor assets are attached during resolution. Section 32A is central to this interaction, although harmonised implementation remains challenging. The framework also considers money-laundering stages, hawala transactions, financial investigation, asset tracing, and evolving judicial approaches to aligning insolvency objectives with enforcement measures.
September 21, 2026
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Evolving insolvency law relies on legislative amendments and regulatory mechanisms to respond effectively to changing market conditions.
Subordinate legislation and regulatory mechanisms are important tools for maintaining responsiveness within the insolvency framework. Regulations may be framed for provisions of the Code and for fulfilment of its purposes and objectives, enabling practical responses to emerging issues. The interaction between primary legislation, regulations and market developments supports continuing refinement of insolvency law in line with changing conditions.
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.

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House passes immigrant detention bill that would be Trump's first law to sign

January 23, 2025

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Washington, Jan 23 (AP) The Republican-led House on Wednesday gave its final approval to a bill that requires the detainment of unauthorised immigrants accused of theft and violent crimes, marking the first legislation that US President Donald Trump can sign as Congress, with some bipartisan support, swiftly moved in line with his plans to crackdown on illegal immigration.

Passage of the Laken Riley Act, named after a Georgia nursing student who was murdered last year by a Venezuelan man, shows just how sharply the political debate over immigration has shifted to the right following Trump's election victory.

Immigration policy has often been one of the most entrenched issues in Congress, but a crucial faction of 46 politically vulnerable Democrats joined with Republicans to lift the strict proposal to passage on a 263-156 vote tally.

"For decades, it has been almost impossible for our government to agree on solutions for the problems at our border and within our country," Senator Katie Britt, an Alabama Republican, said.

She called the legislation "perhaps the most significant immigration enforcement bill" to be passed by Congress in nearly three decades.

Still, the bill would require a massive ramp-up in US Immigration and Customs Enforcement's capabilities, but it does not include any new funding.

Meanwhile, the new president has launched a slew of executive orders intended to seal off the border of Mexico to immigration and ultimately deport millions of immigrants without permanent legal status in the US.

On Wednesday, Trump also cancelled refugee resettlement while his administration signalled intentions to prosecute local law enforcement officials who do not enforce his new immigration policies.

Republican congressional leaders have made it clear they intend to follow suit, though their toughest challenge will be finding a way to approve the funding to actually implement Trump's hard-line plans.

"What he's doing is kick-starting what will ultimately be our legislative agenda," said House Speaker Mike Johnson.

House Republicans initially passed the legislation last year with support from 37 Democrats in a move that was intended to deliver a political rebuke to then-President Joe Biden's handling of the southern border.

It then languished in the Democratic-controlled Senate.

This year, Republicans, now with control of both congressional chambers, have made it their top priority.

When it came before the Senate, 12 Democrats voted in favour of passage, and when the House voted on a version of the bill earlier this month, 48 Democrats supported it.

The vast majority of US adults favour deporting immigrants convicted of violent crimes, according to a recent survey by The Associated Press-NORC Center for Public Affairs Research.

However, only about 37 per cent of US adults are in favour of deporting immigrants who have not been convicted of a crime.

"While the bill is not perfect, it sends a clear message that we think that criminals should be deported," said Rep Tom Suozzi, a New York Democrat who has called on his party to support tougher immigration enforcement.

Under the legislation, federal authorities would be required to detain any migrant arrested or charged with crimes like shoplifting.

The scope of the proposal was widened in the Senate to also include those accused of assaulting a police officer or crimes that injure or kill someone.

The bill also gives legal standing to state attorneys general to sue the federal government for harm caused by federal immigration decisions.

That gives states new power in setting immigration policy when they have already been trying to push back against presidential decisions under both the Trump and Biden administrations.

Democrats unsuccessfully pushed to have that provision stripped from the bill in the Senate, saying it would inject even more uncertainty and partisanship into immigration policy.

Ultimately, even the Trump administration is likely to struggle to implement the new requirements unless Congress follows up later this year with funding.

Republicans are currently strategising how to push their priorities through Congress through a party-line process known as budget reconciliation. They have put the cost of funding Trump's border and deportation priorities at roughly USD 100 billion.

Trump has "laid out the largest domestic logistical undertaking of our lifetimes -- that being the deportation of the vast majority of illegal aliens present in the United States", Ken Cuccinelli, who directed US Citizenship and Immigration Services during Trump's first presidency, recently told a Senate panel.

Cuccinelli said it would require a surge of immigration judges, prosecutors and other staff, but Trump has also paved the way to use military troops, bases and other resources to carry out the mass deportations.

The Department of Homeland Security has estimated the Laken Riley Act would cost USD 26.9 billion in the first year to implement, including an increase of 110,000 ICE detention beds.

Most Democrats criticised the lack of funding in the bill as proof that it is a piecemeal approach that would do little to fix problems in the immigration system, but saddle federal authorities with new requirements.

"The bill's authors claimed it's going to result in the arrest and detention of serious criminals, but it will not do that because it's a totally unfunded mandate," Senator Chris Murphy said.

Others raised concerns that the bill would strip due process rights for migrants, including minors or recipients of the Deferred Action for Unaccompanied Arrivals programme.

Senator Alex Padilla said that federal authorities will now be forced to prioritise the detention of migrants arrested for low-level crimes like shoplifting, rather than those who commit violent felonies.

On the whole, there is no evidence that immigrants are more prone to violent crime. Several studies have found immigrants commit lower rates of crime than those born in the US.

Groups that advocate for restrictive immigration policies dispute or dismiss those findings.

But Republicans pointed to the bill's namesake, Laken Riley, and how she was killed by a Venezuelan migrant who had previously been arrested by local authorities but released as he pursued his immigration case.

“Had this act been the law of the land, he never would have had the opportunity to kill her," Rep Mike Collins said. (AP) ARI ARI

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