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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
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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
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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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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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