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    India's Russian oil imports hold near 1.8 million bpd as Middle East fills gaps
    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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    Technopark software exports rise 17.3 pc to Rs 17,092 cr in FY26
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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.
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
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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
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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.

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Embark on a Transformative Journey with IRCTC’s Buddhist Circuit Tourist Train

March 1, 2025

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New Delhi [India], February 28: India, the land of spirituality, has long been the cradle of Buddhism, nurturing the teachings of Lord Buddha across millennia. For travelers seeking an enticing experience into the profound legacy of Buddhism, the Buddhist Circuit Tourist Train by IRCTC offers an exceptional expedition through the most famous Buddhist sites in India and Nepal. This extraordinary pilgrimage brings together spiritual enrichment with comfort, ensuring a smooth travel experience for both devotees and buffs.

This meticulously crafted 7-nights and 8-day all-inclusive package commences from Delhi Safdarjung railway station, taking passengers on a soul-stirring journey through some of the most sacred Buddhist sites in India and Nepal like Bodhgaya, Nalanda, Rajgir, Varanasi, Sarnath, Lumbini, Kushinagar and Shravasti. The expedition concludes with a visit to the magnificent Taj Mahal in Agra, one of the seven wonders of the modern world.

A Journey of Comfort and Elegance The Buddhist Circuit Tourist Train is a demonstration to IRCTC’s commitment to excellence, offering a comfortable yet culturally enriching travel experience. The train boasts 14 state-of-the-art LHB coaches. Passengers can choose from two accommodation options - • AC First Class (AC I) - These coaches offer spacious cabins and coupes, each fitted with individual lockers and modern in-room amenities, offering much needed privacy for travelers on the go.

• AC Second Class (AC II) - Designed for comfort, these modified coaches feature spacious cabins with separate sitting areas, allowing passengers to relish the journey at leisure.

The train further enhances the onboard experience with two aesthetically designed dining cars, each accommodating 64 guests at a time. Travelers can indulge in a course wise meal comprising of Indian and international cuisines freshly prepared in the hygienically maintained onboard kitchen car (flameless). Additionally, the train is equipped with modern sanitation facilities, including bio toilets and shower cubicles fitted with anti-skid mats.

A Sacred Trail Through Time This exclusive tour retraces the footsteps of Lord Buddha, providing travelers with a deep spiritual connection to the places where he was born, practiced penance, attained enlightenment, delivered his first sermon, and achieved Mahaparinirvana.

• Bodhgaya - The holiest pilgrimage site for Buddhists, where Prince Siddhartha attained enlightenment under the Bodhi Tree and became the Buddha. Pilgrims visit the Mahabodhi Temple, a UNESCO World Heritage Site, to pay homage to this sacred moment in history.

• Nalanda & Rajgir - The tour includes a visit to UNESCO World Heritage Site Nalanda, the ruins of one of the world’s oldest university, where Buddhist scholars once gathered to study and disseminate knowledge.

• Sarnath - At Sarnath, just outside Varanasi, travelers witness the history where Lord Buddha delivered his first sermon - setting the Wheel of Dharma into motion. The Dhamek Stupa, Ashoka Pillar, and Buddhist monasteries stand as eternal testament to this sacred event.

• Lumbini - Crossing into Nepal, the tour arrives at Lumbini, the birthplace of Prince Siddhartha. The Maya Devi Temple, believed to have been built over the exact spot of his birth, along with monastic ruins that offers an evocative experience of reverence and reflection.

• Kushinagar - Marks the site where Lord Buddha attained Mahaparinirvana. Pilgrims visit the Mahaparinirvana Temple and the Ramabhar Stupa (cremation site), paying homage to the final moments of the Enlightened One’s mortal journey.

• Shravasti - Where Buddha spent 24 rainy seasons, is renowned for the Jetavana Monastery Pakki Kuti & Sehat Mahet. These historic sites are associated with many of Buddha’s sermons and miracles.

• Agra - The grand finale of the tour brings travelers to Agra, where they witness the mesmerizing Taj Mahal, a monument celebrating eternal love and one of the most celebrated architectural wonders of the modern world.

Exclusive Discounts on the Buddhist Circuit Special Tourist Train IRCTC, India’s premier travel and tourism organisation, is delighted to announce a special promotional offer for Indian nationals, including Non-Resident Indians (NRIs), Persons of Indian Origin (PIOs) and Overseas Citizens of India (OCIs). Travelers can avail a 20% discount on the published tariff for the 22nd March 2025 departure, making this spiritual odyssey even more pocket friendly.

With the special 20% discount, the tour package starts at just ₹76,905 per person on a twin-sharing basis. This all-inclusive package covers train travel, accommodation, guided excursions, meals, and all transfers, ensuring a seamless experience from start to finish.

The Buddhist Circuit Tourist Train by IRCTC is a profound spiritual and cultural experience that reconnects travelers with the wisdom of Lord Buddha. With exclusive discounts for Indian nationals, now is the perfect time to embark on this extraordinary pilgrimage. Witness history, embrace spirituality, and experience the finest travel comforts - book your seat today and step into the footprints of the Enlightened One! For more details and bookings, travelers can visit www.irctcbuddhisttrain.com For inquiries, they can also write to [email protected] text “Buddhist”.

(Disclaimer: The above press release comes to you under an arrangement with PNN and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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