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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
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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
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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
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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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Frozen US aid brings new challenges to groups hit by harsh crackdowns in Russia and Belarus

February 7, 2025

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Tallinn (Estonia), Feb 7 (AP) Rights groups, activists and independent media in Russia and Belarus endured increased government scrutiny, repressive laws and even being outlawed and forced to operate from exile abroad. Many survived despite the difficulties.

Now some face a new challenge: the decision by US President Donald Trump to freeze for 90 days the aid provided by Washington.

The aid, which came directly from or via the partners of the US Agency for International Development, as well as from other entities funded by the US government, was a source for some of their grant money.

“Objectively, it's a very bad thing,” an activist with Centre-T, a prominent Russian trans group, told The Associated Press, speaking on condition of anonymity for safety reasons. “Organisations could have done much more significant things if it weren't for this situation.” Members of Russian and Belarusian rights groups and independent media organisations described varying effects of the action, from “bad” to “unpleasant.” Many get funding elsewhere, like private donations or other grants, but some said they don't know which of their partners are linked to US aid and whether more will withdraw support.

Aid freeze means cutting expenses, scrapping plans Some Russian organisations said they'll still operate but will cut expenses and possibly plans, adding they knew of others in bigger jeopardy.

OVD-Info, a Russian rights group that tracks political arrests and offers legal aid, is largely funded by “private donations from a large number of people,” so the freeze “has little direct and immediate impact,” said OVD-Info spokesman Dmitry Anisimov, but other groups that help it with certain activities are affected.

“Without their existence, our work will become significantly more difficult,” he said, and those in need of assistance will be affected, too.

An editor of an independent Russian news outlet operating in exile echoed Anisimov and also cited crowdfunding as one reliable revenue sources. The editor spoke on condition of anonymity for security reasons.

The outlet lost less than 10 per cent of the budget in frozen grants, the editor said, adding: “Yes, it's hard, unpleasant, difficult, but we're not on the brink of imminently shutting down. We're not even on the brink of laying people off”.

Centre-T, whose core staff moved abroad after the Russian Supreme Court designated what it called the LGBTQ+ “movement” as extremist, effectively outlawing all LGBTQ+ activism, also lost only a fraction of funding, its staffer said.

“We are, possibly, in one of the luckiest positions, because we almost didn't have US funding,” they said.

Kovcheg — Russian for “arc” — a group helping Russians fleeing abroad with shelter, legal and psychological support, training and other support, lost 30 per cent of its budget after Trump's action, said its founder, Anastasia Burakova.

The funds were allocated for future projects, as well as various improvements, she said. “It's a shame” they won't happen, but otherwise, Kovcheg is “more or less stable”, thanks to crowdfunding and advertising, Burakova added.

Burakova, who formerly headed a legal aid group in St Petersburg backed by exiled tycoon-turned-opposition-figure Mikhail Khodorkovsky, cited repressive laws and regulations that make it harder for critical and independent groups to get funding from Russians.

Laws that drive Russian donors away Most Russian rights groups and independent news outlets have been designated as “foreign agents” by the Russian authorities -- a lable that turns potential donors away with its negative connotation. Russia has banned advertising with them.

Others have also been labelled “undesirable,” a category that outlaws any dealings with groups so designated, exposing donors to prosecution.

Many had to move their teams abroad after Russia invaded Ukraine to avoid the ever-widening crackdown.

But, “the more you're being beaten and banned, the more you adapt and stop counting on just one thing" for your funding, Burakova said.

In light of the aid freeze, Khodorkovsky and Russian philanthropist Boris Zimin this week offered USD 6,00,000 to affected Russian and Ukrainian projects.

It's not clear how much US aid Russian organizations were receiving and how much of that could be offset by Khodorkovsky's and Zimin's funding.

“Of course, it wouldn't be enough,” Zimin said, but “many of these projects are very important, especially, I think, media (projects). I consider it my duty to support them at least for some time.” The US Embassy in Moscow said it was unable to comment.

Funding losses for Belarus pro-democracy forces Pro-democracy forces from Belarus told AP the frozen US aid they were receiving -– about USD 30 million -– accounts for over half of all of their Western funding. It comes from both USAID, either directly or through partners, and entities like the US-government funded National Endowment for Democracy. Dozens of nongovernmental organisations and several independent media groups are on the brink of closure, they said.

Opposition leaders recently prepared a report for Western governments, outlining the effects of the freeze, according to a person close to Belarusian opposition leaders. The person spoke on condition of anonymity for security reasons.

Without Western-supported independent media and pro-democracy forces, Belarus and Russia “will likely fill the void by strengthening state propaganda and authoritarian control in Belarus, allowing pro-Kremlin narratives to dominate the minds of Belarusians,” the person said.

An activist from the Belarusian Association of Journalists said that out of 30 large Belarusian media groups working abroad, six said they lost funding completely and are on the brink of closing. The activist spoke on condition of anonymity because of security concerns.

According to the opposition's report, USD 1.7 million in US aid is frozen -– more than half of all foreign aid to independent media forced to flee Belarus after authoritarian President Alexander Lukashenko unleashed a widespread crackdown on dissent in 2020.

Now, small independent newsrooms are laying off employees to avoid closing, the activist said: “If a newsroom stops operating, resuming later is almost impossible, which sets the media apart from other beneficiaries of US aid,” the activist said.

A YouTube show, “A Regular Morning,” with videos regularly drawing over 1,00,000 views, said it was shutting down but asked for donations and said it would keep going through March.

“We have already found ourselves in situations where the continuation of the project was not obvious, but each time we found a way to continue the work, because we understood that Belarusians need to hear reasonable voices,” its journalists said.

The activist believes dozens of media projects will inevitably cease.

Rights groups also are affected. According to the person close to opposition leaders, 60-80 groups face possible mass layoffs, ending programmes or closing for good.

The person expects that “programmes to support political prisoners will be drastically cut, Belarusian youth will lose access to alternative educational programs, and activists will lose their platforms.” There are over 1,200 political prisoners in Belarus, according to Viasna, the country's leading human rights group, whose imprisoned founder Ales Bialiatski won the Nobel Peace Prize in 2022.

Thousands of activists, including some freed from prison, have moved abroad, and groups that received US funding were helping them and their families.

The freeze will “significantly impair” Viasna's work, according to activist Pavel Sapelka. But it won't “stop human rights advocates” entirely, he insisted.

Franak Viacorka, a senior aide to opposition leader Sviatlana Tsikhanouskaya, told AP the exiled activist is urgently looking for ways "to keep afloat the independent media and the civil society of Belarus, which has run into a new challenge.” There was no immediate response to a request for comment from the State Department's European and Eurasian Bureau. (AP) NPK NPK

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