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    IDFC FIRST Bank enables Direct Tax payments through UPI, cards, net banking and branches
    Sensex slumps 1,248 pts as IRDAI proposal hits financial shares; rising crude, US yields weigh
    Bajaj Finance Personal Loan Offers Rs. 40,000 to Rs. 55 Lakh with Tenures up to 108 Months
    MCA issues advisory - cautions public against high-return promises by non-compliant Nidhi Companies
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September 24, 2026
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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
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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
Show AI Summary
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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Every sacred tenet of Constitution being shredded into pieces by authoritarian regime: Kharge

January 26, 2025

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New Delhi, Jan 26 (PTI) In a scathing attack on the BJP-led Centre, Congress president Mallikarjun Kharge alleged on Sunday that a hateful agenda, immersed in religious fundamentalism, has sought to divide the society over the last 10 years and every sacred tenet of the Constitution is being "shredded into pieces by an authoritarian regime".

He claimed that the ruling Bharatiya Janata Party (BJP) practises pseudo-nationalism by making disadvantaged youngsters carry the flag of "nationalism" and "religious supremacy", but does nothing to get them employment.

In his message to the nation on the 76th Republic Day, Kharge said it is high time that people preserved and protected the ideas and ideals of the Constitution -- justice, liberty, equality and fraternity.

"We uphold the values espoused by our founders. Be ready to make every sacrifice to protect the Constitution. This will be the true tribute to our ancestors," Kharge said.

He said it is also time to reflect upon how the country is witnessing constant attacks on the Constitution.

The ruling party has unleashed a continuous degradation of India's institutions, built carefully over decades, the Congress chief alleged.

"Political interference in autonomous institutions has become a norm. Exercising control over their independence is being seen as a virtue of power. Federalism is being trampled on a daily basis and the rights of Opposition-governed states are being curtailed," he further claimed.

"The functioning of Parliament has seen tremendous backsliding due to the tyrannical tendency of the ruling government," Kharge alleged.

The Congress leader also claimed that universities and self-governing institutions are witnessing constant intrusion.

A large part of the media has been converted as a propaganda tool for the ruling party, he said.

"Strangulating dissent by witch-hunting Opposition leaders has become the only policy of those in power. In the past decade, a vicious, hateful agenda immersed in religious fundamentalism has sought to divide our society," Kharge alleged.

He further claimed that minorities are being targeted and those who are secular are being tarnished with the paint of "Goebbelsian propaganda".

The weaker sections -- Scheduled Castes (SCs), Scheduled Tribes (STs), Other Backward Classes (OBC), the poor and minorities -- are being treated as second-class citizens, he said.

"Atrocities and unheard-of violence against them have become a regular occurrence. Manipur has been burning for 21 months, but there is no accountability at the topmost echelons of power," Kharge said.

He also said economic inequality has widened to frightening proportions.

"Crony billionaire friends are being handed over the country's precious resources. Any scandal that comes to fore is sought to be crushed by the hammer of labelling the whistleblowers as 'anti-national'," he said.

"The ruling party practises pseudo-nationalism, for they make our disadvantaged youth carry the flag of 'nationalism' and 'religious supremacy' but does nothing to get them employment," Kharge said.

He said the country is witnessing an era of economic turmoil, adding that taxes have guzzled every single paisa of the hard-earned money of the poor and middle class.

"The living standards of our populace have hardly increased because flawed economic policies have perished their savings. Those handful of elites who can afford a brighter future are leaving India's citizenship," Kharge said.

When the failures of the Union government are pointed out, it either indulges in whataboutery or in diversionary tactics, often invoking the past, but never the present, the Congress president said.

"There is an inherent tendency to impose 'One Nation, One Party' on 140 crore different people, who believe in 'Unity in Diversity'," he said.

"Every sacred tenet of the Constitution is being shredded into pieces by an authoritarian regime. Therefore, my dear fellow citizens, it is high time we preserve and protect the ideas and ideals of our Constitution -- justice, liberty, equality and fraternity," Kharge said.

"We uphold the values espoused by our founders. Be ready to make every sacrifice to protect the Constitution. This will be the true tribute to our ancestors. Once again, I wish you a very happy Republic Day. Jai Bapu, Jai Bheem, Jai Samvidhaan," he said in his message to the people of the country.

"This year, we completed 75 years of adopting the conscience keeper and soul of the Indian Republic - the Constitution of India. We bow in reverence to Mahatma Gandhi, Pandit Jawaharlal Nehru, Sardar Patel, Babasaheb Dr B R Ambedkar, Netaji Subhas Chandra Bose, Dr Rajendra Prasad, Maulana Azad, Sarojini Naidu and many others who tirelessly contributed to the shaping of our great republic," Kharge said.

"We venerate each and every member of the Constituent Assembly who with their wisdom and ingenuity created a remarkable document which represents the will of our diverse people," he added.

Kharge also paid tributes to every soldier of the armed forces, paramilitary forces and the security establishment who have made exemplary sacrifices in upholding the integrity and sovereignty of the country.

"We are also thankful to our scientists and teachers whose contributions to nation building are unparalleled and who have ensured that our nation is a knowledge and technical powerhouse today," he said.

"We are also indebted to our Annadata -- our hardworking farmers who have put food on our table. We express our gratitude to crores of daily wage workers, labourers, shramiks, gig workers, for they are the hands that are building India -- brick by brick," the Congress chief said.

Kharge also expressed gratitude to the artistes, writers and sports personalities who have contributed to protecting and building the vibrant cultural diversity of India. PTI ASK RC

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