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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...
    Envision Energy Secures TÜV SÜD Certificate for Wind Farm Control System, Strengthening Long-Term Resilience for Future Energy Systems
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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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USAID is going away. Here's what it's been doing in South America

February 5, 2025

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Brasilandia (Brazil), Feb 5 (AP) The dismantling of the US Agency for International Development will deliver a major blow to efforts including humanitarian assistance in Colombia, conservation efforts in Brazil and coca eradication in Peru — South American countries that have been a priority for the support.

Even if some foreign aid resumes after the 90-day suspension ordered by President Donald Trump, many USAID-backed projects focus on areas he has derided as ideological: climate change, biodiversity and minority and women's rights, so several recipients fear their projects are now dead.

Colombia has long been the largest recipient of US foreign assistance in South America. Recent USAID money has supported emergency humanitarian aid to more than 2.8 million Venezuelans who fled economic crisis. In 2024 alone, the agency transferred some USD 45 million to the UN World Food Programme, mostly to assist them.

The end of US humanitarian assistance in Colombia, Brazil and other Latin American countries is another huge setback for Venezuelans abroad. Last week, the Trump administration also revoked a temporary immigration status that has allowed roughly 600,000 people from Venezuela to stay in the US. The first large group could be deported in about two months.

“Trump's cuts will hit Latin America's most vulnerable populations, including millions of Venezuelan migrants and refugees, as grassroots organisations providing essential care, guidance, and food are left without funding,” Bram Ebus, a Bogota-based consultant at the International Crisis Group, told The Associated Press.

“Migrant populations are targeted by organised crime and armed groups. If aid projects are not resumed quickly, it will allow these groups to abuse and exploit vulnerable migrants.” Despite the fact that the US is the largest source of aid to Colombia, President Gustavo Petro said some of this help is not welcome and has to go. “Hundreds of immigration officials who guard our borders were paid by the United States. This aid is poison," he said during a cabinet meeting on Monday. “That should never be allowed. We are going to pay with our money.” In 2024, the agency paid nearly USD 385 million to Colombia.

Trump told reporters Monday that shutting down USAID “should have been done a long time ago”. Billionaire Elon Musk, who is leading government cost reduction in the new administration, said the agency was run by “radical left lunatics”.

In Brazil, USAID's largest initiative is the Partnership for the Conservation of Amazon Biodiversity, which focuses on conservation and improving livelihoods for Indigenous peoples and other forest communities. About two-thirds of the world's largest rainforest is in Brazil.

One Brazilian organisation USAID has supported is the Amazon-based Roraima Indigenous Council, which operates in 35 areas including the territory of the Yanomami tribe, totaling some 157,000 square kilometers (60,600 square miles), larger than Greece. This direct support is representative of a shift at USAID over the last few years, to prioritise funding grassroots organisations.

In a region vulnerable to illegal gold mining and drug-trafficking, the Roraima Indigenous Council is using the money for improved family farming, adapting to climate change and income generation for women.

Now everything is at risk, Edinho Macuxi, the tuxaua (leader) of the Indigenous Council, told the AP. In recent weeks, his organization, which represents some 60,000 people, laid off workers and cancelled activities due to lack of funds.

“The partnership with USAID has existed for seven years. If the decision is to end it, this will shake our organizational structure and projects that are very important for strengthening the economy and autonomy of Indigenous peoples," he said.

“Our message to President Trump is that he should maintain the resources not only for Brazil but for other countries as well. In Brazil, Indigenous peoples who access this funding are the ones who effectively keep most of the forest standing, ensuring life not just for people in Brazil, but also the world,” Macuxi said.

In recent years, USAID also supported arguably the most successful sustainable resource effort in the Amazon, the managed fishing of pirarucu, the region's famously giant fish.

The US funds built a slaughterhouse where fishers could work during the legal catch. Indigenous and riverine communities helped recover what was an endangered species, at the same time getting income and food.

In 2024, USAID disbursed USD 22.6 million to Brazil. Over half, close to USD 14 million, went to general environmental protection, with the Amazon, which stores crucial amounts of carbon from the atmosphere, as a top priority.

For Peru, the humanitarian agency disbursed some USD 135 million in 2024. Part of it is to control cocaine production by financing alternatives such as coffee and cacao. Those efforts date back to the early 1980s. Peru is the world's second-largest cocaine producer after Colombia, which runs similar programmes financed with American assistance.

In a statement, Peru's Premier Gustavo Adrianzén said his government will continue the crop substitution programme without US funding. The Peruvian National Commission for Development and Life Without Drugs, known as DEVIDA, declined to comment on the new US administration's freeze.

A former DEVIDA chief, Ricardo Soberón, said that USAID's pause is an opportunity to review a partnership that has not been effective. “It has always been conditional assistance, with politics involved. It has been minimal, often delayed, and not integrated with the actions of the Peruvian state,” he told AP.

Soberón said that neighbouring Bolivia, which expelled the US agency in 2013, has achieved better results in controlling cocaine production since then. “Despite its problems and external limitations (the economic and political crisis), the withdrawal of USAID has provided Bolivia with a high degree of autonomy to develop social control policies, which have been much more efficient.” (AP) PY PY

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