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    Issuance Calendar for Marketable Dated Securities for October 2026-March 2027
    Government’s Borrowing Plan for the second half of FY 2026-27
    APEDA Facilitates Export of GI-Tagged Gulbarga Tur Dal from Karnataka to Maldives
    11th Meeting of National Traders’ Welfare Board Convened in New Delhi
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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
Show AI Summary
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.

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As Hegseth takes charge at Pentagon, here's what changes could be in store

January 26, 2025

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Washington, Jan 26 (AP) When Defence Secretary Pete Hegseth steps into his office on the Pentagon's third floor E Ring on Monday morning, he will have a daunting array of issues to tackle — from global conflicts and border security to administrative tasks.

At the top of his list is addressing President Donald Trump's priority to strengthen the US military presence along the southern border and reviewing whether active-duty forces should be used for law enforcement — something done rarely.

Dozens of other issues will compete for his attention, including developing the Pentagon's massive budget, decisions about aid to Ukraine, support for the ceasefire in Gaza, troop deployments in the Middle East. Not to mention Trump directives to rid the federal government of diversity programmes and personnel as well as moves to cut waste and remove any lingering Biden administration backers.

In a message to the force shortly after he was sworn in Saturday, Hegseth cited the challenges he sees ahead. Some are ones his predecessors also faced, such as reorienting the military from decades of a Mideast focus and better deterring China. Continued conflict in the region, including the October 2023 attack on Israel by Hamas, has made that shift impossible to execute.

Hegseth also told service members about other priorities, including strengthening the defense industrial base and getting the Pentagon to pass an audit, while ensuring that the US remains “the strongest and most lethal force in the world".

Already, support staff have been meeting with military leaders, including Gen CQ Brown Jr, chairman of the Joint Chiefs of Staff. But Hegseth will get to experience what many describe as “drinking from a firehose” as he works to quickly get up to speed on what his 2.1 million service members and 780,000 civilians in the department are doing. Among them are tens of thousands serving overseas, including in combat zones.

Then there are the cultural issues that Hegseth railed on as a media personality that did not make it into Hegseth's message to the military. Many expect they will surface in the coming days.

Here are some key issues that Hegseth, who was confirmed in a tiebreaking vote Friday by Vice President JD Vance, will face right away: Border deployments In trying to meet Trump's demand of securing the border, Hegseth will face a barrage of information about what troops are available, what assistance the Border Patrol needs and where, as well as how to house, feed and transport the troops and border personnel and how to ensure none of this affects other national security requirements.

One of his first big decisions is whether he will recommend that active-duty troops deployed to the border get involved in law enforcement, a move that military leaders in recent years have pushed to avoid.

Active-duty forces are prohibited from doing law enforcement duties on US soil under the Posse Comitatus Act. Trump has signed an executive order directing that his defense and homeland security secretaries report back within 90 days on whether they think he should invoke the 1807 law called the Insurrection Act, which allows troops to be used for civilian law enforcement on US soil during emergencies.

During previous deployments, troops have been used for transportation, intelligence, logistics, wall-building and other support tasks, freeing up the Border Patrol to interact with migrants and conduct the law enforcement duties.

Transgender troops In his first executive order, Trump again stripped protections for transgender troops that Democratic President Joe Biden had restored after Trump banned those members from serving during his first term in office.

The ban previously faced legal challenges, and lawyers who represented transgender forces last time are readying to take it up in the courts again. While Trump has not announced a ban, his decision to revoke protections is seen as a first step toward that.

It is unclear how many troops would be affected. The Defense Department has no exact figure on the number of transgender troops serving because not every transgender person is in the same state of medical transition and not every transgender person identifies as such in military paperwork.

The department has referred queries on how many transgender troops there are to the services; the services have said they have no way to track.

The budget and Ukraine Hegseth will have to become familiar with the complicated construction of the Pentagon budget, which right now is about $850 billion. Trump ran on a vow to make the US military more lethal — something Hegseth has echoed. But they also have spoken extensively about cutting waste.

So Hegseth's imprint on the budget will be studied to determine how that's being done.

Woven into those discussions will be security assistance to Ukraine. The State Department has ordered a freeze on new funding for almost all US foreign aid, and there was no indication of a waiver for military assistance for Ukraine like there was for Israel and Egypt.

The Biden administration provided Kyiv with more than $66 billion in military aid and weapons during the war with Russia. It had left unspent about $3.85 billion in congressionally authorized funding to send more weapons to Ukraine from existing US stockpiles — a sum that is not affected by the foreign aid freeze. But it is now up to Hegseth and Trump to decide whether or not to spend it, and Trump hasn't said what he will do on Ukraine aid.

Diversity, equity and inclusion rollbacks Hegseth will take over the Pentagon's push to implement Trump's executive order to get rid of DEI programs, coming as military officers fret over whether they will be fired for being “woke," as Hegseth has pledged to do.

During his Senate hearing, Hegseth affirmed his commitment to focus on lethality and to eliminate wokeness, arguing that DEI policies “divide” troops and do not prioritise “meritocracy”.

Officials said the Defence Department doesn't have any full-time workers assigned to DEI so they don't expect to have to fire people, as other federal agencies have.

But senior leaders have been poring over their websites to delete pages that mention diversity. Lacking clear guidance, staffers were pulling websites down in often inconsistent ways. The Army, for example, temporarily removed its sexual assault guidelines before they later came back online.

Hegseth also has railed against women in combat in his books and on podcasts and said standards were lowered for them, which is not true. He has since toned down his criticism after substantial pushback from lawmakers.

He most recently told senators that he's not aware that Trump wants to roll back the decision to allow women to serve in all combat jobs. Instead, he has talked about doing a review of standards.

Reproductive care After the Supreme Court in 2022 ended constitutional protections for abortion that were set out in Roe v Wade, then-Defence Secretary Lloyd Austin came out with a policy that would allow service members to take leave and be reimbursed for travel expenses to obtain reproductive care — including abortions and in-vitro fertilisation — if the military base they were assigned to was in a state that had banned that care.

It's not clear whether Hegseth will seek to further revise that policy to remove the reimbursement provisions. It has been only scarcely used, and the department does not break down what the travel was for due to medical privacy laws. (AP) SCY SCY

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