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    Draft Warehousing Operations Regulations, 2026 - uploading on the CBIC website for inviting comments/views/suggestions from stakeholders
    From Digital Banking to Resilient Banking – Technology, Cyber Security and AI as Pillars of Trust - Address by Shri Rohit Jain, Deputy Governor at t...
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September 25, 2026
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Stakeholder consultation on draft warehousing operations regulations requires structured comments submitted electronically within the prescribed consultation period.
Stakeholder consultation on the draft Warehousing Operations Regulations, 2026 is initiated through public-domain publication on the CBIC website. Comments, views and suggestions must be submitted within 15 days in a structured format identifying the relevant regulation number and title, proposed modification, and supporting reasons or remarks. Responses must be sent through the specified email channels in MS Word, a compatible format, or machine-readable PDF format.
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.
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.

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Trump expresses hope Russia's war in Ukraine is nearing an endgame as he meets with France's Macron

February 25, 2025

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Washington, Feb 25 (AP) President Donald Trump expressed hope that Russia's war in Ukraine is nearing an endgame as he met Monday with French President Emmanuel Macron on the third anniversary of the invasion. But France's leader cautioned that it's crucial that any potential agreement with Moscow does not amount to surrender for Ukraine.

Their talks come at a moment of deep uncertainty about the future of transatlantic relations, with Trump transforming American foreign policy and effectively tuning out European leadership as he looks to quickly end the war in Ukraine.

While Macron and Trump made nice at the White House, their countries were at loggerheads at the United Nations over resolutions describing Russia as the aggressor in the war.

Trump, in broad comments on the state of the conflict, said he believed Russian President Vladimir Putin would accept European peacekeepers in Ukraine.

“Yeah, he will accept it,” Trump said. “I have asked him that question. Look, if we do this deal, he's not looking for more war.” And Trump said he hoped that the war could end within weeks and that Ukrainian President Volodymyr Zelenskyy would soon come to the US to sign a deal giving America access to Ukraine's critical minerals that are used in key technology.

Trump is pressing the economic deal to help repay some of the $180 billion in American aid for Kyiv since the start of the war — tens of billions of which is being spent in the US to replenish older weapons sent to Ukraine.

“It looks like we're getting very close,” Trump told reporters of the minerals deal before his meeting with Macron. He said Zelenskyy could potentially visit Washington this week or next to sign it.

Ensuring security for Ukraine Ukraine also is looking for future security guarantees as part of any agreement. Trump, however, did not say whether the emerging deal would include such assurances from the United States: “Europe is going to make sure nothing happens.” At a joint press conference following their meeting, Macron acknowledged that European nations must do more to bolster defense on the continent. But he also warned against capitulating to Russia.

"This peace must not mean a surrender of Ukraine," Macron said. "It must not mean a ceasefire without guarantees. This peace must allow for Ukrainian sovereignty.” Macron cut off direct communication with Putin after Russian forces carried out brutal operations in the Kyiv suburb of Bucha months into the conflict. But he said the moment has changed and he hopes Trump's engagement with Putin can lead to something fruitful.

“Now, there is a big chance because there is a new US administration, so this is a new context,” Macron said. “So there is good reason for President Trump to reengage with President Putin.” Putin said Monday that he has not discussed resolving the conflict in Ukraine in detail with Trump and neither did Russian and American negotiating teams when they met in Saudi Arabia last week.

Putin also said Russia does not rule out European countries — who were dismayed that they and Ukraine were not invited to the table in Riyadh — participating in a peace settlement.

America's ties with Europe The war's anniversary — and the talks at the White House — come at an unnerving moment for much of Europe as it witnesses a dramatic shift in American foreign policy under Trump.

Besides rare earth minerals from Ukraine, Trump has made demands for territory — Greenland, Canada, Gaza and the Panama Canal. Just over a month into his second term, the “America First” president has cast an enormous shadow over what veteran US diplomats and former government officials had regarded as America's calming presence of global stability and continuity.

Despite some hiccups, the military, economic and moral power of the United States has dominated the post-World War II era, most notably after the Cold War came to an end with the collapse of the Soviet Union. All of that, some fear, may be lost if Trump gets his way and the US abandons the principles under which the United Nations and numerous other international bodies were founded.

“The only conclusion you can draw is that 80 years of policy in standing up against aggressors has just been blown up without any sort of discussion or reflection,” said Ian Kelly, a US ambassador to Georgia during the Obama and first Trump administrations and now a professor at Northwestern University.

European leaders in Washington Trump is set to hold a meeting Thursday with another key European leader, British Prime Minister Keir Starmer.

Trump shook Europe with repeated criticism of Zelenskyy for failing to negotiate an end to the war and rebuffing a push to sign off on a deal giving the US access to Ukraine's critical minerals, which could be used in the American aerospace, medical and tech industries.

Zelenskyy initially bristled, saying it was short on security guarantees. He said Sunday on X that “we are making great progress“ but noted that “we want a good economic deal that will be part of a true security guarantee system for Ukraine.” Zelenskyy, who said Sunday in response to a question that he would trade his office for peace or to join NATO, had angered Trump by saying the US president was living in a Russian-made “disinformation space.” As part of the public spat, Trump called Zelenskyy a “dictator” and falsely charged Kyiv with starting the war. Russia, in fact, invaded its smaller and lesser-equipped neighbor in February 2022.

Asked Monday if he thought Putin was also a dictator, Trump demurred: “I don't use those words lightly.” Some daylight between allies While Macron and Trump were meeting, including participating in a virtual meeting with fellow Group of Seven leaders, the United States split with its European allies at the United Nations by refusing to blame Russia for its invasion of Ukraine in a series of resolutions.

The US abstained from voting on its own proposal after the Europeans, led by France, succeeded in changing it to make clear that Russia was the aggressor.

Before meeting with Trump, Macron said he intended to tell him that it's in the joint interest of Americans and Europeans not to show weakness to Putin and that Trump's dealings with the Russian leader could affect ties with China, the United States' most significant economic and military competitor.

“You can't be weak in the face of President Putin. It's not you, it's not your trademark, it's not in your interest," Macron said. "How can you then be credible in the face of China if you're weak in the face of Putin?” Yet, Trump has shown a considerable measure of respect for the Russian leader. Trump said this month he'd like to see Russia rejoin the G7. Russia was suspended from the G8 after Moscow's 2014 annexation of Ukraine's Crimea region.

“I really believe he wants to make a deal,” Trump said. "I may be wrong, but I believe he wants to make a deal. (AP) NB NB

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