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September 24, 2026
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Fiscal responsibility limits frame cautions on new projects as budgetary discipline rather than financial crisis.
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September 24, 2026
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Corporate document forgery allegations trigger investigation into unauthorised insolvency consortium participation and disputed share transfers.
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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.
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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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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.
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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.
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Artificial intelligence centre of excellence partnership advances industry-aligned training, supervised internships, startup mentorship, and applied research collaboration.
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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
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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
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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.

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PATWA International Travel Awards at ITB, Berlin Announced

March 6, 2025

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Berlin, Germany (NewsVoir) The Pacific Area Travel Writers Association (PATWA) has announced the winners of the coveted PATWA International Travel Awards 2025 at an impressive award ceremony at ITB, Berlin which is the world’s biggest travel fair.

The event was graced by tourism ministers of ten countries, ambassadors, the leadership of various hotels, airlines, destinations, industry stalwarts and international media.

It was preceded by the PATWA World Tourism & Aviation Leaders’ Summit on ‘AI & Sustainable Tourism’. The summit had a spectacular line up of seven speakers, more specifically tourism ministers of St. Kitts & Nevis, Saint Vincent & the Grenadines, Nepal, South Africa and Dr. Istvan Ujhelyi, UN Tourism Ambassador to the EU, Dr. Alain St. Ange, former tourism minister of Seychelles and candidate for the post of President, and Harry Theoharis, former tourism minister of Greece and a front runner candidate for the post of Secretary General of UN Tourism. The speakers emphasized on the role of AI in ensuring tourism is sustainable.

PATWA Secretary General, Yatan Ahluwalia opened the summit saying, ‘AI-driven insights have the power to pave the way for a greener tomorrow, transforming tourism into a force for sustainability’.

PATWA International Travel Awards The PATWA International travel awards have been instituted independently and are now in their 25th year. They have a stringent selection and nomination process and have earned a reputation as the first and foremost awards of the travel, tourism, aviation, and hospitality industry.

The awards recognise governments, organisations, brands, ministers, and individuals who have excelled in the promotion of tourism. This includes airlines, hotels, travel agencies, tour operators, destinations, government bodies, tourism ministries, and other service provider(s) related directly or indirectly with the trade.

Quotes On The Awards Yatan Ahluwalia, Secretary General “The jury’s focus this year has been on the Caribbean region, besides South America, Europe and India. Sustainability was a key factor for our selection”.

Pulkit Sharma, Director Operations & Features Editor “Besides recognising destinations, hotels, airlines, organisations and individuals, our excellence in governance category included awards for 9 tourism ministers from around the globe who made who have made an impact with their policies and governance.” The 2025 winners: DESTINATIONS 1. DESTINATION OF THE YEAR - ROMANCE JAMAICA 2. DESTINATION OF THE YEAR – NATURAL ATTRACTIONS THE CO-OPERATIVE REPUBLIC OF GUYANA 3. DESTINATION OF THE YEAR- SCENIC BEAUTY & HISTORIC SITES ITALY 4. DESTINATION OF THE YEAR – MARINE TOURISM NASSAU AND PARADISE ISLAND 5. DESTINATION OF THE YEAR – EXPERIENCES THE FEDERATIVE REPUBLIC OF BRASIL 6. DESTINATION OF THE YEAR – ECO ADVENTURES ST. VINCENT AND THE GRENADINES 7. DESTINATION OF THE YEAR – HIDDEN TREASURES ST. KITTS AND NEVIS 8. DESTINATION OF THE YEAR – ROYAL EXPERIENCES RAJASThan 9. DESTINATION OF THE YEAR - ADVENTURE TOURISM REPUBLIC OF ARMENIA 10. DESTINATION OF THE YEAR – INDIA GOA AIRLINES 1. BEST REGIONAL AIRLINE- ITALY AEROITALIA 2. AIRLINE OF THE YEAR - INDIAN OCEAN REGION AIR SEYCHELLES HOSPITALITY 1. BEST HOTEL CHAIN BUSINESS – NEW DELHI LE MERIDIEN, NEW DELHI 2. BEST NATURE RESORTS – INDIA AYATANA RESORTS 3. BEST EMERGING HOTEL CHAIN- INDIA GRT HOTELS & RESORTS 4. BEST VENUE MEETINGS & CONFERENCES – CARIBBEAN MONTEGO BAY CONVENTION CENTRE, JAMAICA 5. BEST HOTEL CHAIN- LUXURY EXPERIENCES TAJ HOTELS ORGANISATIONAL EXCELLENCE 1. BEST ORGANISATION REGIONAL TOURISM CARIBBEAN TOURISM ORGANISATION INDIVIDUAL EXCELLENCE 1. BEST PROFESSIONAL HOSPITALITY – INDIA ABHINASH MANGHANI 2. BEST PROFESSIONAL- HOSPITALITY GROWTH – INDIA VIKRAM COTAH 3. BEST PROFESSIONAL- HOSPITALITY OPERATIONS – INDIA ASHOK RATHORE 4. BEST PROFESSIONAL HOSPITALITY OPERATIONS – DUBAI SAURABH TIWARI 5. PATWA GOLD AWARD HOSPITALITY INNOVATION – INDIA VISHAL VINCENT TONY 6. PATWA GOLD AWARD WOMEN IN HOSPITALITY MANAGEMENT – INDIA MEENA BHATIA 7. PATWA GOLD AWARD HOSPITALITY MANAGEMENT – INDIA ROHIT KHOSLA 8. PATWA GOLD AWARD HOSPITALITY DEVELOPMENT – INDIA PRABHAT VERMA 9. PATWA GOLD AWARD MICE & DESTINATION MANAGEMENT– SOUTHEAST ASIA NOREDAH OTHMAN 10. PATWA GOLD AWARD HOSPITALITY OPERATIONS – CARIBBEAN MUREEN JAMES 11. PATWA GOLD AWARD - DESTINATION MANAGEMENT – CARIBBEAN JOY JIBRILU 12. PATWA GOLD AWARD TOURISM DEVELOPMENT – CARIBBEAN DONA REGIS – PROSPER 13. PATWA GOLD AWARD - EXCELLENCE IN AVIATION LEADERSHIP – EUROPE GAETANO INTRIERI 14. PATWA GOLD AWARD- EXCELLENCE IN AVIATION LEADERSHIP – INDIAN OCEAN REGION SANDY BENOITON 15. PATWA GOLD AWARD- TOURISM DR. ISTVÁN UJHELYI 16. PATWA GOLD AWARD - LIFETIME ACHIEVEMENT – TOURISM DR. ALAIN ST. ANGE 17. PERSON OF THE YEAR – TOURISM HARRY THEOHARIS EXCELLENCE IN GOVERNANCE This exclusive award category recognises the work done by countries, states, provinces, regions, districts and cities through and by their elected representatives to promote sustainable travel with policies, guidelines, and incentives for their destinations and the hospitality, aviation, and tourism sectors.

The awards are given to governments including, but not limited to, ministers, governors, parliamentarians, and mayors. PATWA is the first organisation to have awards dedicated to excellence in governance on a regional, national and international level.

The winners in this category included: 1. TOURISM MINISTER OF THE YEAR H.E. CELSO SABINO DE OLIVEIRA, BRASIL 2. TOURISM MINISTER OF THE YEAR – HIMALAYAN REGION H.E. BADRI PRASAD PANDEY, NEPAL 3. WOMAN TOURISM MINISTER OF THE YEAR – CARIBBEAN H.E. MARSHA T. HENDERSON, ST. KITTS AND NEVIS 4. WOMAN TOURISM MINISTER OF THE YEAR – INDIA H.E. DIYA KUMARI, RAJASTHAN 5. TOURISM MINISTER OF THE YEAR – INDIA H.E. ROHAN KHAUNTE, GOA 6. TOURISM MINISTER OF THE YEAR – INNOVATION H.E. EDMUND BARTLETT, JAMAICA 7. TOURISM MINISTER OF THE YEAR - ECOLOGICAL TOURISM H.E ONEIDGE WALROND, CO-OPERATIVE REPUBLIC OF GUYANA 8. TOURISM MINISTER OF THE YEAR – SUSTAINABLE TOURISM H.E. CARLOS JAMES, SAINT VINCENT AND THE GRENADINES 9. TOURISM MINISTER OF THE YEAR – INFRASTRUCTURE DEVELOPMENT H.E. PATRICIA DE LILLE, SOUTH AFRICA About PATWA The Pacific Area Travel Writers Association (PATWA) is a non-profit, non-government, professional, international media organisation founded in 1999. Our founding philosophy is to support the sustainable development and growth of destinations, travel, tourism, hospitality, aviation (airlines and airports), transportation (cruise liners and rail), online travel platforms, travel technology, and allied service providers, worldwide. PATWA has over 5,000 members globally.

PATWA works with governments, organisations and companies in both the public and private sectors. PATWA adheres to the fundamental principles of the United Nations Educational, Scientific and Cultural Organization (UNESCO), the United Nations (UN), and UN Tourism.

PATWA is an Affiliate Member of UN Tourism.

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

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