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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.
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.

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With firings and lax enforcement, Trump moving to dismantle government's public integrity guardrails

February 11, 2025

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Washington, Feb 11 (AP) In the first three weeks of his administration, President Donald Trump has moved with brazen haste to dismantle the federal government's public integrity guardrails that he frequently tested during his first term but now seems intent on removing entirely.

In a span of hours on Monday, word came that he had forced out leaders of offices responsible for government ethics and whistleblower complaints. And in a boon to corporations, he ordered a pause to enforcement of a decades-old law that prohibits American companies from bribing foreign governments to win business. All of that came on top of the earlier late-night purge of more than a dozen inspectors general who are tasked with rooting out waste, fraud and abuse at government agencies.

It's all being done with a stop-me-if-you-dare defiance by a president who the first time around felt hemmed in by watchdogs, lawyers and judges tasked with affirming good government and fair play. Now, he seems determined to break those constraints once and for all in a historically unprecedented flex of executive power.

“It's the most corrupt start that we've ever seen in the history of the American presidency," said Norm Eisen, a former US ambassador to the Czech Republic who was a legal adviser to Democrats during Trump's first impeachment.

“The end goal is to avoid accountability this time,” said Princeton University presidential historian Julian Zelizer. “Not just being protected by his party and counting on the public to move on when scandals or problems emerge, but this time by actually removing many of the key figures whose job it is to oversee” his administration.

Zelizer added: “It's a much bolder assertion than in his first term, and if successful and if all these figures are removed, you'll have a combination of an executive branch lacking independent voices that will keep their eye on the ball and then a congressional majority that at least thus far isn't really going to cause problems for him.” Picking up where he left off To some degree, Trump's early actions reflect a continuation of the path he blazed in his first term, when he dismissed multiple key inspectors general — including those leading the Defense Department and intelligence community — and fired an FBI director and an attorney general amid a Justice Department investigation into his ties between his 2016 presidential campaign and Russia.

This time, though, his administration has moved much more swiftly in reprisal against those he feels previously wronged him — or still could.

His Justice Department last month fired more than a dozen prosecutors involved in investigations into his hoarding of classified documents and his efforts to undo the 2020 presidential election, both of which resulted in since-abandoned indictments after he left office. It's also demanded a list of all agents who participated in investigations related to the Jan. 6, 2021 riot at the US Capitol, with Trump saying Friday that he intends to quickly and “surgically” fire some of them.

The actions reflect the administration's intent to keep a tight grip on the Justice Department and even purge it of investigators seen as insufficiently loyal, even though career civil servants are typically not replaced by new presidents. Trump's actions are in keeping with the dramatic dismissal on his first Friday night in office of nearly 20 inspectors general in a broad cross-section of government agencies, all in seeming violation of a law requiring that Congress be given 30-day advance notice of such firings.

The latest moves came Monday, when the recently fired head of the Office of Special Counsel, which processes whistleblower complaints and handles the Hatch Act that prohibits federal employees from partisan activities on the job, sued over his dismissal days earlier. Trump separately fired the head of the Office of Government Ethics.

He named as acting head of the watchdog agencies Doug Collins, a loyal ally and former Republican congressman from Georgia who was recently confirmed as secretary of veteran affairs. But late Monday, a federal judge in Washington ordered the fired OSC head, Hampton Dellinger, to be reinstated while a court fight continues over his removal.

Trump's administration on Monday also moved to wipe away two high-profile public integrity cases of elected officials. Trump pardoned former Illinois Gov. Rod Blagojevich, who was convicted on political corruption charges that included seeking to sell an appointment to then-President Barack Obama's old Senate seat.

Hours later, Trump's Justice Department ordered federal prosecutors to drop charges against New York Mayor Eric Adams, who was accused of accepting bribes of free or discounted travel and illegal campaign contributions.

“I think Trump has sent an unmistakable message that corruption is welcome in his new administration," said Eisen, who now works with State Democracy Defenders Fund, a nonprofit watchdog group that says it fights “election sabotage and autocracy,” and has been filing lawsuits against Trump's administration.

Trump has portrayed the cases the same way he labeled his own investigations: as politically motivated witch hunts.

Loosening rules related to business Trump, who in 2016 campaigned on a pledge to rid Washington of corruption with his “drain the swamp” refrain, has also taken aim at ethics and watchdog rules when it comes to business.

On Monday, he paused enforcement of the Foreign Corrupt Practices Act, which prevents US companies from paying bribes to foreign government officials to win business, until new Attorney General Pam Bondi can design new guidance.

The White House said the action was needed because American companies “are prohibited from engaging in practices common among international competitors, creating an uneven playing field.” “It sounds good on paper but in practicality it's a disaster,” Trump said at the White House.

On his first day in office last month, Trump signed an executive order that rescinded one issued by former President Joe Biden that had prohibited executive branch employees from accepting major gifts from lobbyists and bans people jumping from lobbying jobs to executive branch jobs, or the reverse, for two years. The bans were aimed at curbing the “revolving door” in Washington, where incoming government workers could bring a minefield of ethical conflicts and later find lucrative lobbying jobs.

The move came as Trump returned to power with fresh overlaps between his personal and business interests, including his launch of a new cryptocurrency token.

His family business, the Trump Organization, meanwhile, adopted a voluntary agreement that bars it from making deals with foreign governments but not with private companies abroad, a significant change from the company's ethics pact in the first term.

The Trump Organisation has in recent months struck deals for hotels and golf resorts in Vietnam, Saudi Arabia and the United Arab Emirates. Government ethics experts have raised concerns that the president's personal financial interests in the deals could influence the way he conducts foreign policy. (AP) AMS

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