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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
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September 24, 2026
Show AI Summary
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
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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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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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