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September 25, 2026
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Interest-free working capital assistance for FCV tobacco growers supports liquidity, institutional loan repayment, crop inputs, and reduced private borrowing.
A one-time, interest-free working-capital loan of Rs. 50,000 per barn is approved for FCV tobacco growers in Andhra Pradesh under the Interest-Free Working Capital Assistance Scheme. Covering about 44,000 growers, the assistance is proposed to be delivered through direct benefit transfer. It is intended to provide liquidity for household requirements, institutional loan repayment and crop inputs, while reducing dependence on private borrowing.
September 25, 2026
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Government securities auction calendar establishes retail bidding access, flexible issuance terms, greenshoe subscriptions, and periodic debt switch operations.
Each auction carries a non-competitive bidding facility, under which five per cent of the notified amount is reserved for specified retail investors. The Government may modify indicated amounts, issuance periods and maturities, and may issue instruments with non-standard maturities, floating-rate bonds or inflation-indexed bonds, having regard to governmental requirements, market conditions and other relevant factors. It may retain additional subscriptions through a greenshoe option and conduct switch or buyback auctions of dated securities.
September 25, 2026
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Market borrowing plan sets dated securities auctions, Treasury Bill issuance, redemption management, and temporary cash-flow support.
Government market borrowing for the second half of FY 2026-27 is to be raised through weekly auctions of dated securities, including Sovereign Green Bonds, across maturities from 3 to 50 years. Debt-management measures include switching and buyback operations to smooth the redemption profile and a greenshoe option for additional subscriptions. Treasury Bills are to be issued through weekly auctions in 91-day, 182-day and 364-day maturities. The Ways and Means Advances limit is fixed to address temporary mismatches in government accounts.
September 25, 2026
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GI-tagged agricultural exports expand farmer access to international markets through FPO-led value chains and higher price realisation.
APEDA facilitated the export of a one-metric-tonne consignment of GI-tagged Gulbarga Tur Dal from Karnataka to the Maldives through an FPO-led brand. Gulbarga Tur Dal has held GI registration since 2019. The export-linked channel provides farmers a realisation of Rs.82 per kg compared with a prevailing market price of Rs.60 per kg, while supporting closer integration of FPOs and farmers into export-oriented supply chains.
September 25, 2026
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Trader welfare policy discussions covered GST reform, digital commerce, finance access, export promotion, and coordinated institutional support.
Deliberations covered GST rationalisation, refund delays, audit duration, amnesty schemes, input tax credit anomalies and pending appeals, alongside proposed inclusion of traders in MSME facilitation committees, a centralised loan portal with a 30-day timeline, CIBIL score reforms and grievance helplines. Trader welfare measures considered timely contractor payments, safeguards against technical penalties, loan-repayment flexibility during lean periods and stronger Centre-State coordination.
September 25, 2026
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Gold smuggling through powdered gold concealed in food products led to seizure and arrests under customs law.
Intelligence-led interception and baggage examination identified foreign-origin gold converted into fine powder and mixed with packaged food products of similar colour, texture and consistency. Segregation and assaying yielded 9.40 kg foreign-origin gold, which was seized under the Customs Act, 1962. Questioning linked the passengers to the same organised gold-smuggling syndicate, and they were arrested under that Act.
September 25, 2026
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Customs seizure of suspected smuggled areca nuts and restricted poppy seeds followed intelligence-led cross-border enforcement operations.
Intelligence-led customs enforcement in Mizoram and Assam resulted in seizure, under the Customs Act, 1962, of suspected foreign-origin areca nuts and poppy seeds believed on preliminary inquiry to have been smuggled from Myanmar. Searches of locked, unattended godowns near the Indo-Myanmar border recovered the commodities, while interception of two trucks carrying poppy seeds without valid import documents led to seizure of the consignments and vehicles. Four persons connected with transportation of the poppy seeds were arrested.
September 25, 2026
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Industrial control system cybersecurity certification validates system-level protection across wind farm controls, networks, and lifecycle security services.
IEC 62443-3-3 Security Level 2 certification applies to a wind farm control system covering SCADA, PPC, PLC and industrial network devices. It assesses system-level security requirements, including the interaction of components, networks and security mechanisms within an overall industrial control environment. The cybersecurity framework also spans secure development, certified core control components, system-level protection, and security integration and maintenance services across the lifecycle of wind energy technologies.
September 25, 2026
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Foreign exchange reserve composition reflects a weekly decline driven by foreign currency assets despite a modest gold increase.
India's foreign exchange reserves declined by USD 14.881 billion to USD 765.901 billion for the week ended 18 September 2026. The contraction was principally driven by a reduction in foreign currency assets, which also reflect valuation effects from movements in non-US reserve currencies. Gold reserves increased, while Special Drawing Rights decreased and the reserve position with the International Monetary Fund remained reported separately.
September 25, 2026
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Five-day banking proposal remains under consideration amid strike plans and measures for uninterrupted banking and advance disbursements.
Five-day banking remains under governmental consideration, with no Finance Ministry commitment to implementation. Unions linked the proposal to the 12th Bipartite Settlement/9th Joint Note, which contemplated extended Monday-to-Friday working hours. Family pension revision and a pension option for resignees were identified as addressed, while withdrawal of the Performance Linked Incentive scheme remains in abeyance. Public sector banks were instructed to remain open on the preceding Sunday, and central government salaries, wages and pensions were directed to be disbursed in advance.
September 25, 2026
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Alternative fuel transition promotes ethanol, electric and hydrogen mobility to reduce imports, pollution, and strengthen farm income.
Alternative-fuel and public-transport measures seek to reduce dependence on imported petroleum, curb air pollution, and support farmer income and employment. Ethanol is positioned as a farm-income source through increased demand and returns for maize growers, alongside electricity, hydrogen and waste-derived CNG. Development and introduction of flex-fuel vehicles, using engines capable of operating on ethanol, electric tractors, hydrogen-powered vehicles and hydrogen buses form part of a cleaner-mobility strategy.
September 25, 2026
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Foreign-exchange market intervention expectations supported rupee appreciation amid improved risk sentiment, while importer demand and crude prices constrained gains.
Foreign-exchange market conditions supported a 19-paise appreciation of the rupee to 95.80 against the US dollar, aided by improved global risk sentiment and expectations of Reserve Bank intervention. Dollar demand from importers, high crude prices and US dollar strength constrained gains. Lower crude prices and dollar weakness could support the rupee, while geopolitical escalation may create pressure. Market participants expected intervention if the currency weakened toward 96.
September 25, 2026
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Credit health assessment combines score, repayment history, utilisation, accounts and enquiries to support informed borrowing and profile monitoring.
Credit health is broader than a numerical credit score and encompasses the way credit has been managed over time. Credit analysis requires a combined review of the score, repayment history, credit accounts, credit utilisation, credit history and credit enquiries. A credit report may identify management of EMIs and credit-card dues, existing borrowing obligations, use of revolving credit relative to available limits, and recent lender checks associated with credit applications. Incorrect or unfamiliar entries may be reviewed and, where necessary, raised with the relevant lender or credit bureau.
September 25, 2026
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Fuel-price mitigation measures use tax reductions, targeted subsidies and energy-security policies to ease pressure on households and energy-intensive industries.
European fuel-price intervention combines targeted subsidies, fuel-tax reductions, temporary regulatory flexibilities and energy-security investment to moderate the economic effects of sharply higher gasoline and diesel prices caused by disrupted supplies. Member States have temporary discretion to grant state aid to households and energy-intensive sectors, including agriculture, transport and fishing, and limited flexibility under EU spending rules for investments that improve energy security and reduce dependence on imported fossil fuels.
September 25, 2026
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AI management certification anchors responsible lifecycle governance, transparency, accountability, security, and human oversight for agentic loyalty systems.
ISO/IEC 42001:2023 certification applies to an Artificial Intelligence Management System governing AI development, deployment, oversight and continual improvement within the GRAVTY platform. The framework supports AI-related risk management, responsible governance, transparency, accountability, security and human oversight throughout the AI lifecycle. Its scope includes supervised and unsupervised learning models and large language models supporting personalised engagement, fraud management, loyalty intelligence, autonomous decision-making, operational automation and workflow support.
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.

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Customs & Trade

Donald Trump is reviving fortunes of governments and leaders that talk tough against him

March 11, 2025

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Toronto, Mar 11 (AP) Canada's governing Liberal Party appeared poised for a historic election defeat this year. Then Donald Trump declared economic war and threatened to annex the entire country as a 51st state. Now the Canadian Liberals and their new prime minister could come out on top.

Then there's Mexican President Claudia Sheinbaum, facing a groundswell of visible support at home for her approach to Trump's tariff threats. There's Volodymyr Zelenskyy, who visited the White House last month and was knocked on his heels, then went back to Europe to receive what many offered as a hero's welcome. Even Emmanuel Macron's comeback in French polls might be linked, some say, to his taking a more robust approach with the new U.S. president during recent weeks.

Saying the United States will always do what's best for the United States first, Trump has shaken up decades of international order. In weeks, he has sent leaders of other nations scrambling to shore up their own economies, partnerships and defenses against a Russia threat — and solidify their own polls at home, too.

“Trump is like a flaming freight train that is igniting everything in its path,” said Kory Teneycke, a conservative Canadian campaign director. “It's not just a big thing. It's almost the only thing that is moving the electorate right now.” Everyone, it seems, is responding to Trump. But nearly two months after his blizzard of executive orders, threats and trade wars, some leaders are steadying their messages with defiance and plans — not that they will necessarily change the Trump administration's approach to it all.

Scrambling and dread in EuropeFor great swaths of the European continent, Trump's reversal of three years of support for Ukraine after Russia's invasion was received as an existential matter. Trump's false claim that Zelenskyy started the war — and the American president's thrashing of Zelenskyy in the Oval Office Feb. 28 — undermined 80 years of cooperation with Europe on the understanding that the U.S. would help protect those nations from the Russian threat after World War II. Trump also limited Ukraine's access to intelligence and weaponry.

The confrontation laid bare the limits of a full-court press by America's allies aimed at reshaping Trump's determination to end Russia's invasion even if the terms are not to Ukraine's liking. And a lot of Europe didn't like it much.

Leaders immediately backed up the Ukrainian president on social media. Visual confirmation came the next day, when British Prime Minister Keir Starmer enveloped Zelenskyy in a hug in front of 10 Downing Street for all to see. It was a visual hint at what one historian suggests could happen: “Oddly enough, NATO might become kind of a anti-Trump alliance,” said Robert Bothwell, a professor of Canadian history and international relations at the University of Toronto. “He's doing a good job of creating that.” That could happen reasonably quickly; some European leaders are already understanding that Trump is setting them adrift to face Russia alone.

For years, Trump had complained that NATO allies weren't contributing enough to Europe's defense. Macron, too, had pushed for a stronger, more sovereign Europe since his own election in 2017, and has since insisted that the EU step up and start acting as a strategic world power. And within moments of his Feb. 23 election as Germany's likely next chancellor, Friedrich Merz, declared that his “absolute priority” will be for Europe to “really achieve independence from the U.S.” Germany, Europe's biggest economy, is expected under its likely coalition government to loosen restrictions on borrowing money for defense spending. Meanwhile last week, the EU's 27 member nations signed off on a plan to loosen budget restrictions so that willing EU countries can increase their military spending. But for all that, Europe's leaders were sidelined from talks in Jeddah, Saudi Arabia, Tuesday to end the war.

Canada's conservatives struggleCanada's federal Conservatives and their leader Pierre Poilievre were heading for a massive victory in Canada's federal election this year — until, Teneycke says, Trump's near-daily trade and annexation threats derailed them.

“It's the kiss of death to have JD Vance say something nice about you or have Elon Musk tweet out support for you. Every time Musk says something nice about Pierre Poilievre he goes down a point or two,” he said. “Stop helping. You are not helping.” Teneycke was the campaign director for Doug Ford's recent Progressive Conservative party win in the Canadian province of Ontario. Ford's government just won big by having Ford stand up strong for Canada against Trump.

Trump's trade war and his talk of making Canada the 51st U.S. state have infuriated Canadians, who are booing the American anthem at NHL and NBA games. Some are canceling trips south of the border, and many are avoiding buying American goods when they can. The surge in Canadian nationalism has bolstered the Liberal Party's chances federally in a parliamentary election expected within days or weeks, and Liberal showings have been improving in opinion polls.

The change in the polls is dramatic. In mid-January a poll by Nanos, the Liberals trailed the opposition Conservatives and Poilievre 47% to 20%. This week the latest poll has the Liberals within 2 points. And that was before the party chose former central banker Mark Carney to replace Justin Trudeau.

“They are coming right back from the dead,” Bothwell said. “I am amazed. And it is all Trump.” Bothwell says Trump's appeal is merely to American nationalism — what he calls a type of it “that is offensive to all foreigners.” He says Canadians are rallying around the flag as if it's wartime.

“If somebody comes up and kicks sand in your face and then spits in your eye, you don't like it,” Bothwell said. “It's a response to provocation. And a very serious provocation." Mexico has a less confrontational approachIn Mexico, a jubilant Sheinbaum celebrated with fellow citizens at a huge rally Sunday after many American tariffs were delayed, Although she appears strong now, it is not clear whether the 62-year-old president's political support would weaken if the Mexican economy deteriorates because of tensions with the United States. “The president will overcome everything,” said Mariana Rivera, a 40-year-old social activist who held up a massive Mexican flag as high as her arms allowed.

While her predecessor and populist ally managed an amicable relationship with Trump in his last term, some questioned if Sheinbaum would be able to strike up the same dynamic. But with approval above 80% and a steady peso, even Sheinbaum's critics have admitted that the leader has been able to navigate the chaotic waters with expertise.

“She's a leader that has chosen a very rational, reasonable strategy, a strategy that focuses on cooperation … at the same time that Trudeau has come at with very conflictive language,” said Palmira Tapia, a political analyst in Mexico.

Sheinbaum has repeatedly said she would manage relations with Trump with a “cool head," especially when it comes to Trump's promise of 25% tariffs, something economic forecasters said would sink Mexico's economy into a recession.

To appease Trump, Sheinbaum has directed 10,000 troops to the U.S.-Mexico border, stepped up crackdowns on fentanyl and sent 29 cartel bosses to face justice in the U.S. While Canada and China immediately responded to last week's tariffs by reciprocating, Sheinbaum bided her time. After Trump said he would delay the tariffs, she turned a planned march into a “festival.” Where will the ripples end? Trump is already so unpopular in Canada that hockey great Wayne Gretzky, a friend of Trump's who has not spoken up for Canada, has become a pariah in his home country.

“This is Wayne Gretzky — the best-known and best-regarded Canadian in my life time. Since the early 80's this guy has been Canadian like a beaver and maple syrup,” Teneycke said. “He's absolutely iconic, and he would be booed if he took center ice at any NHL game in Canada right now over the Trump thing. It's flabbergasting.” (AP) AS AS

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