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    11th Meeting of National Traders’ Welfare Board Convened in New Delhi
    DRI seizes 9.40 kg foreign-origin gold worth around Rs. 15 crore at Mumbai airport; three arrested
    DRI seizes over 125,000 kg foreign-origin smuggled areca nuts and 41,000 kg poppy seeds worth around Rs. 20.31 crore in Assam and Mizoram in a crackdo...
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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.
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.
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.
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.
September 24, 2026
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Energy security shapes continued Russian crude sourcing as alternative suppliers replace shortfalls amid potential sanctions-related restrictions.
Russian crude imports are operating near 1.8 million barrels daily in September, with refinery maintenance, stronger Chinese buying, and disruptions to Russian export infrastructure constraining availability. Middle Eastern supply, especially from Iraq and Saudi Arabia, has offset reduced Russian volumes. Potential tougher restrictions on countries purchasing Russian oil could complicate procurement, but energy security and tight physical oil markets make a significant near-term reduction in Russian crude purchases unlikely. Replacement remains technically possible but may raise procurement costs and competition for medium-grade crude.

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Trump's Gaza plan has stunned region. Here's look at serious obstacles it faces

February 5, 2025

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Jerusalem, Feb 5 (AP) President Donald Trump's stunning proposal to forcibly transfer hundreds of thousands of Palestinians out of the Gaza Strip and develop it as a tourist destination faces major obstacles.

The Palestinians and many others view such plans as ethnic cleansing, an attempt to drive them from their homeland after Israel's 15-month offensive against Hamas rendered much of it uninhabitable. It was also seen as an attempt to liquidate their decades-long struggle for a state, which has wide international support.

Arab countries, including Egypt and Jordan — close US allies at peace with Israel — have condemned such plans and roundly rejected Trump's suggestion that they take in more Palestinian refugees.

Saudi Arabia issued a rare overnight statement rejecting the idea of transfer and reiterating that it won't normalise relations with Israel — a key goal of the Trump administration — without the establishment of a Palestinian state including Gaza.

The proposal also risks undermining the ceasefire in Gaza and the continued release of hostages taken in Hamas' October 7, 2023, attack that triggered the war. Trump has claimed credit for brokering the truce, but its future is now more uncertain.

The Palestinians don't want to leave Palestinians view Gaza as an integral part of their national homeland and aspire to an independent state in Gaza, the West Bank and east Jerusalem, territories Israel captured in the 1967 Mideast war.

Most of Gaza's population are descendants of refugees from the 1948 war surrounding Israel's creation, when hundreds of thousands of Palestinians fled or were driven out of what is now Israel. They were not allowed to return because they would have outnumbered the new state's Jewish population.

The Palestinian ambassador to the United Nations, Riyad Mansour, suggested that if Trump's goal is to send the Palestinians to a “happy, nice place,” they should return to their ancestral homes in Israel.

The ideal of remaining on one's land despite threats of expulsion is at the heart of the Palestinians' struggle and self-identity, and was on vivid display last week when hundreds of thousands returned to northern Gaza despite its near-total destruction.

Both Hamas and the Western-backed Palestinian Authority, which recognises Israel and cooperates with it on security, have vehemently condemned Trump's proposal.

Arab countries will not accept Palestinian refugees Egypt and Jordan, which made peace with Israel decades ago, have repeatedly rejected previous proposals to resettle Palestinians within their borders.

They too fear that Israel would never allow the Palestinians to return, and that a mass influx of Palestinian refugees would once again destabilise the region, as it did in the decades after 1948, when it was a key factor in Lebanon's civil war and Israel's two invasions of that country.

Both countries also have struggling economies that would have a hard time absorbing large numbers of refugees.

Trump suggested that wealthy Gulf countries could pay to resettle the Palestinians, but that appears unlikely.

Saudi Arabia, the United Arab Emirates and Qatar have joined Egypt and Jordan in rejecting any transfer plans, and the Saudis repudiated the plan almost immediately.

The Saudi statement reiterated remarks made in September by Crown Prince Mohammed bin Salman, who said Saudi Arabia would not normalise relations with Israel without the creation of a Palestinian state with east Jerusalem as its capital.

The kingdom said its “unwavering position is non-negotiable and not subject to compromises.” Trump has leverage, but so do Mideast leaders Trump seems to relish using tariffs, sanctions and aid cutoffs to pressure allies and adversaries alike, and could apply economic pressure on countries like Egypt and Jordan, which have long relied on American aid.

But those countries have levers of their own in the face of what they see as a major threat to their national security. And wealthy Gulf countries, which have also historically provided aid to Egypt and Jordan, could help cushion any economic blow.

Egypt has already warned that any mass transfer of Palestinians into the Sinai Peninsula bordering Gaza could undermine its peace treaty with Israel — a cornerstone of regional stability and American influence for nearly a half-century.

Egypt and Qatar have also served as key mediators with Hamas in the talks that led to the ceasefire, and both are working with Trump's Mideast envoy, Steve Witkoff, to try to extend it.

Israelis welcome the plan, but hostages are a priority The idea of mass transfer has historically been confined to the far-right in Israel, but on Wednesday, mainstream leaders said Trump's plan was worth considering.

Prime Minister Benjamin Netanyahu, at the press conference with Trump, acknowledged that “jaws drop” when the US president proposes unorthodox ideas, but then “people scratch their heads and they say, You know, he's right.'" Benny Gantz, a centrist politician and former general long seen as a more moderate alternative to Netanyahu, said Trump's proposal showed “creative, original and intriguing thinking,” and should be studied alongside other war goals, “prioritising the return of all the hostages.” Opposition leader Yair Lapid, a fierce critic of Netanyahu who has voiced support for a two-state solution in the past, did not object to the idea. Instead, he said in an interview with local media that it was too early to react to Trump's proposal since there are no concrete details, and that returning the hostages was most important.

The current phase of the Gaza ceasefire, in which Hamas is to release 33 hostages in exchange for hundreds of Palestinian prisoners, ends in early March. The second phase, in which the remaining 60 or so hostages would be freed in exchange for more prisoners, is being negotiated.

Hamas has said it will not release the remaining hostages without an end to the war and a full Israeli withdrawal — which would likely preclude any forcible transfer.

Israel's far-right Finance Minister Bezalel Smotrich, who supports what he refers to as the “voluntary emigration” of large numbers of Palestinians and the re-establishment of Jewish settlements in Gaza, has threatened to leave Netanyahu's coalition if he doesn't resume the war after the first phase, which would likely lead to early elections. He welcomed Trump's proposal.

The resumption of the war would put the remaining hostages' lives at risk, and there's no guarantee it would eliminate Hamas, which still controls most of Gaza. It would also undo what Trump has portrayed as a major accomplishment and further delay any normalisation with Saudi Arabia.

An opening gambit? There's another possibility: That Trump's proposal is an opening gambit in a bargaining process aimed at eventually securing the kind of Middle East mega-deal he says he is seeking.

It was only last week that Trump was threatening major tariffs against Canada and Mexico, America's two biggest trading partners, before putting them on hold after their leaders took steps to appease his concerns about border security and drug trafficking.

During his first term, Trump flirted with the possibility of Israel annexing parts of the occupied West Bank before the idea was shelved as part of a normalisation agreement with the United Arab Emirates.

Trump could ultimately pare down his proposal or put it on hold in exchange for concessions from Arab leaders, perhaps on Gaza's reconstruction or on normalisation with Israel — though the Saudi statement appeared to rule that out.

There could be more clarity when the shock wears off, and when Trump meets with Jordan's King Abdullah II at the White House next week. (AP) GSP

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