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    Union Minister of Commerce and Industry Shri Piyush Goyal Highlights India’s Expanding Global Economic Engagement and Growing Integration with Globa...
    India Participates in 14th East Asia Summit Economic Ministers’ Meeting and 23rd ASEAN-India Economic Ministers Consultation
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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.
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.

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The Power of Fiction: How Stories Can Shape Emotional Intelligence and Curiosity among Children

March 19, 2025

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New Delhi [India], March 19: Story books have been a treasured part of childhood for decades. They have been the very first form of imparting knowledge, wonder and hope to children, by introducing them to magical worlds, courageous heroes, and timeless adventures. Beyond mere entertainment, these stories play a critical role in shaping a child’s emotional intelligence, creativity, and cognitive development.

However, with the increasing dominance of digital screens, social media, and short-form content, children’s engagement with books is rapidly diminishing. With easy access to smartphones, social media, and gaming platforms, children today consume content in bite-sized, fast-paced formats, leaving little room for long-form reading like books.

The impact of this shift is already evident. A 2024 survey highlighted that only 34.6% of children aged 8 to 18 in India enjoy reading during their free time. This alarming statistic has pushed educators and policymakers to take action. And while policy-level efforts are essential, parents and educators have an equally critical role to play in reigniting a love for reading among children, particularly through fiction books.

The importance of reintroducing fiction books to children cannot be overstated. Here are 5 ways how fiction books can impact a child’s development: 1. Boosts Creativity and Imagination Story books open the door to magical worlds, giving children the freedom to imagine beyond reality. This process of imaginative thinking helps them develop creativity, encouraging them to think differently and creatively. This also inspires them to create their own stories, ideas, or alternate endings to the plots they read. This natural storytelling ability also translates into better writing, communication, and problem-solving skills as they grow older.

By constantly engaging with imaginative content, children learn to think outside the box, dream big, and approach real-life situations with curiosity and innovation. A strong imagination, once nurtured, stays with children for life, helping them become innovative thinkers and lifelong learners.

2. Builds Critical Thinking and Problem-Solving Skills Fiction exposes children to imaginary yet relatable challenges, allowing them to draw parallels with real-life situations. When they follow complex plots, and anticipate what happens next, it automatically sharpens their problem solving skills. Whether it's resolving conflicts with friends, tackling schoolwork, or making personal decisions, children learn to approach problems with clarity and resilience. By constantly engaging with problem-solving narratives, fiction helps shape their ability to think logically, stay focused, and approach challenges with a solution-oriented mindset. Over time, this cognitive development strengthens their decision-making skills, creative thinking, and capacity to navigate complex situations in real life.

3. Fosters Empathy, Emotional Intelligence, and Cultural Awareness One of the most profound impacts of fiction is its ability to humanize experiences. When children immerse themselves in stories about diverse characters from different backgrounds, facing joy, grief, conflict, or triumph, they subconsciously develop empathy. Experiencing the world through a character’s lens helps children understand human emotions and social complexities, building their emotional intelligence.

Fiction also fosters social and cultural awareness. Stories that portray different socio-economic backgrounds, cultural settings, or social challenges, subtly introducing children to the concept of privilege, inclusivity, and diversity. This early exposure helps raise compassionate, socially aware individuals who are more likely to build meaningful relationships, embrace inclusivity, and navigate diverse environments with kindness and understanding.

4. Improves Focus and Patience Fiction books demand sustained attention. When children read a story, they must follow the plot, connect with characters, and process the story arc. Reading helps rebuild their cognitive stamina, allowing them to stay engaged for longer periods without distraction.

Over time, children who read regularly develop a higher capacity for concentration — a critical skill that supports academic performance, classroom learning, and overall mental resilience. Reading also helps reduce restlessness and improve their ability to complete tasks with greater attention to detail.

5. Teaches Resilience and Adaptability Fiction often mirrors real-life challenges, depicting characters who face obstacles, failures, or difficult situations. Through following the story arc, Children begin to understand that challenges are a natural part of life.

Additionally, fiction teaches adaptability. As plotlines shift and unexpected events unfold, children see how characters adjust, make decisions, and find solutions. This experience subtly equips them to navigate changes in their own lives, whether it’s adjusting to a new school, making new friends, or coping with failures.

By normalizing failure and problem-solving through storytelling, fiction nurtures strong, adaptable, and emotionally resilient individuals.

A Collective Effort to Revive Reading Habits In a world dominated by instant gratification, social media, and fast-paced content, children’s ability to concentrate is rapidly declining. A 2022 survey revealed that 49% of parents in urban India reported their children aged 9 to 13 spent over three hours daily on activities like gaming, watching videos, or using social media. This constant exposure to fragmented information has impacted their ability to focus, read, or engage deeply with content.

The Government of India’s initiatives, such as setting up libraries in schools and promoting National Reading Days, are also a step in the right direction. However, the solution lies not only in policy changes but also in collective efforts from parents, teachers, and authors.

Parents can foster a love for reading by introducing storytelling sessions at home, curating a diverse collection of books, or setting aside dedicated reading time. Teachers, on the other hand, can incorporate book-based discussions, book reading events, reading clubs, and literary events to make books a part of everyday school culture.

The Path Forward: Growing Readers into Thinkers The value of stories in a child’s life extends far beyond entertainment and literacy. Stories ignite curiosity, build imagination, cultivate empathy, and enhance cognitive capabilities, all of which contribute to shaping well-rounded, emotionally intelligent individuals. In a world where digital content is overwhelming young minds, books offer children a chance to slow down, reflect, and build their inner world of imagination and creativity.

To know more about SunitaLad Bhamray, visit her website.

(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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