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    LPG subsidy: Aadhaar biometric authentication mandatory for subsidised refills from Oct 1
    RBI orders removal of Maharashtra minister Babasaheb Patil, 7 others as directors of Latur DCC Bank
    US tariffs on Indian goods: A Chronology
    Graft case: Kerl BJP chief alleges 'fixed match' between Congress, CPM
    India's FTAs opening new career opportunities for youth: PM Modi
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    IDFC FIRST Bank introduces Zero Forex Markup across all its Credit Cards, existing and new.
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September 19, 2026
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Biometric Aadhaar authentication becomes essential for domestic LPG consumers seeking regulated subsidised refill bookings, while market-price supply remains available.
Biometric Aadhaar authentication is required from October 1 for domestic LPG consumers to book subsidised refills at the regulated retail selling price. Authentication can be completed through delivery personnel, distributor showrooms or designated mobile applications. Consumers unwilling or unable to authenticate may obtain LPG at the applicable market price without subsidy after registering their choice through specified digital channels. The framework distinguishes subsidised LPG linked to Aadhaar-authenticated consumers from market-priced LPG and seeks targeted subsidy delivery, reduced leakage, and prevention of diversion, duplicate connections and ineligible access.
September 19, 2026
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Cooperative bank director tenure limits require disqualification and removal when service exceeds the statutory maximum period.
Directors of District Central Cooperative Banks and Central Cooperative Banks are subject to a maximum 10-year tenure under the Banking Regulation Act, 1949, as amended by the Banking Laws (Amendment) Act, 2025. RBI directed removal of a director ineligible to continue under section 10A(2A)(i), read with section 56, following concerns that directors of Latur District Central Cooperative Bank had exceeded the permitted tenure.
September 19, 2026
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Tariff treatment of Indian exports shifted from reciprocal duties to targeted trade measures, sectoral duties, and specified exemptions.
Upon expiry of the temporary global measure, an India-targeted 10 per cent Section 301 tariff, linked to forced-labour concerns, replaced it; the effective charge for most covered exports remained MFN duty plus 10 per cent. The current regime applies the Section 301 tariff to Indian exports except specified goods, with separate sectoral duties on steel, aluminium and auto components. Smartphones, medicines and energy products are exempt.
September 19, 2026
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PMLA-based FIR request over alleged consultancy payments remains under legal examination amid criticism of non-registration.
Enforcement Directorate sought registration of an FIR concerning alleged fraudulent payments by Cochin Minerals and Rutile Ltd to Exalogic Solutions, represented as IT consultancy fees. The request relied on evidence gathered through investigation and searches under the Prevention of Money Laundering Act. Registration remained under consideration after receipt of the Advocate General's legal opinion, with the Home Department examining the matter.
September 19, 2026
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Free trade agreements expand market access, entrepreneurial partnerships and youth career opportunities alongside public-sector recruitment and development participation.
Free Trade Agreements are presented as mechanisms for expanding cross-border partnerships, market access for entrepreneurs, and career opportunities for young persons. Youth employment is also linked to the expansion of the startup ecosystem beyond major cities and to public-sector recruitment through Rozgar Melas. Newly selected candidates are to join central government ministries, departments and organisations. Public service is framed around citizen-centred administration and decisions supporting a developed and self-reliant India.
September 19, 2026
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AI governance for regulated financial services enables natural-language automation while preserving enterprise security, auditability, control, and scalable deployment.
Assist-Edge enables teams to describe intended processes in natural language and use AI to create, modify, and enhance executable workflows. Working with reusable AI agents and workflows, it supports discovery, customisation, deployment, and scaling of enterprise automation. For banking, financial services, and insurance operations, its use is positioned alongside security, governance, auditability, and control, supporting governed adoption of scalable AI capabilities and movement from isolated experimentation to enterprise-wide intelligent automation.
September 19, 2026
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Recurring token reward distributions connect eligible holdings, platform activity, and partner participation through hourly settlement cycles.
BC Engine permits eligible $BC holdings to participate in hourly settlement rounds distributing BCD rewards. Participants can monitor active balances, cumulative rewards, unclaimed BCD, and settlement history through the Engine interface. Settlement amounts vary with ecosystem activity, while the mechanism links platform activity, token utility, user participation, and commercial partners through repeated value distribution rather than one-time promotional incentives.
September 19, 2026
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Asset monetisation of surplus public land and buildings is accelerated through transparent, value-oriented processes and stakeholder coordination.
NLMC's Board recommended monetisation proposals involving surplus land and building assets valued at over Rs. 5,000 crore. Monetisation is facilitated through asset identification, due diligence, valuation and appropriate process structuring, with emphasis on transparency, efficiency and value realisation. Sustained coordination with asset-owning entities is intended to expedite implementation and support timely, commercially appropriate monetisation of underutilised public assets.
September 19, 2026
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Zero forex markup on credit cards applies automatically to international transactions without conditions while preserving applicable rewards.
Zero Forex Markup applies automatically to international transactions made through all existing and new credit cards, without a new-card application, upgrade, spending threshold or other stated condition. International card spends do not attract forex markup charges. Reward Points or Cashback, where applicable to the relevant card, continue on international transactions. Existing credit cards may be used for overseas and cross-border payments without requiring a separate forex card solely to avoid such charges.
September 18, 2026
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Foreign exchange reserve valuation reflects currency movements as foreign currency assets and gold holdings decline.
India's foreign exchange reserves declined to USD 780.782 billion for the week ended September 11, driven by reductions in foreign currency assets and gold holdings. Foreign currency assets fell to USD 645.796 billion, with their dollar value reflecting movements in reserve currencies against the US dollar. Gold reserves also declined, while Special Drawing Rights increased to USD 18.845 billion. The reserve position with the IMF stood at USD 4.916 billion.
September 18, 2026
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Bulk sugar stockholding limits now allow expanded inventories only where additional supplies derive from designated import channels.
Bulk sugar consumers using more than 10 tonnes monthly as a raw material may hold up to 30 days' requirement instead of 15 days. Holdings above 15 days must consist exclusively of sugar imported under the Tariff Rate Quota or Advance Authorisation Scheme; sugar obtained from the open market remains restricted to 15 days' consumption. Bulk consumers must declare and disclose their sugar inventories every Friday through the food ministry's online portal.
September 18, 2026
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Trade facilitation and digitalisation support regional economic cooperation through simpler customs procedures, paperless exchange, resilient supply chains, and MSME access.
Priority measures included expanded intra-SCO trade, lower trade costs, resilient and diversified supply chains, trusted multimodal connectivity, greater market access, simplified customs processes, paperless trade and electronic document exchange. Digital and cross-border payments and accessible trade finance were identified to enable MSMEs and start-ups to participate in trade and value chains. Ministers agreed an Action Plan for 2026-2030 for further approval and approved regulations for a special working group on creative-economy development.
September 18, 2026
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Customs cooperation and trade facilitation advance electronic origin verification, pre-arrival information exchange, and safeguards against preferential trade misuse.
Customs cooperation and trade facilitation measures included pre-arrival information exchange, electronic verification of Certificates of Origin, and Customs automation and digitalisation. These measures are directed at facilitating legitimate trade while ensuring compliance with applicable rules and preventing misuse of preferential trade arrangements. Rail and road connectivity, freight movement, Integrated Check Posts and land-port infrastructure were reviewed to improve infrastructure utilisation and address operational bottlenecks affecting bilateral and transit trade.
September 18, 2026
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Preferential equity issuance approved to strengthen capital, support digital lending expansion, and fund subsidiary operations subject to required approvals.
OnEMI Technology Solutions Limited has approved a preferential issue of equity shares to identified investors, subject to shareholder and requisite regulatory and statutory approvals. The issuance is proposed under the Companies Act, 2013, the SEBI capital-issue and disclosure framework, other applicable SEBI regulations, and applicable law. Seventy-five per cent of the additional capital raised is proposed for infusion into its wholly owned subsidiary to support lending, technology, digital capabilities and product expansion, while the remaining twenty-five per cent is proposed for general corporate purposes.
September 18, 2026
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Fraudulent input tax credit claims through bogus invoices prompted arrest over alleged invoicing without actual supply of goods.
Alleged fraudulent availment, utilisation and passing on of inadmissible input tax credit involved invoices from purported suppliers found to be non-existent, non-functional, suspended or cancelled. Input tax credit was allegedly claimed without actual receipt of goods and passed on through invoices unsupported by corresponding supplies. Following investigation and recorded statements, the proprietor of an iron and steel trading firm was arrested under statutory arrest powers, while further investigation remains in progress.
September 18, 2026
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Direct tax collections: stronger advance tax payments support growth in corporate, non-corporate, and securities transaction tax receipts.
Direct tax collections grew through September 17, supported principally by increased advance tax payments from corporate and non-corporate taxpayers. Gross collections exceeded Rs 14.32 lakh crore, while net collections, after refunds, exceeded Rs 12.12 lakh crore. Corporate tax collections grew more strongly than non-corporate tax collections, and Securities Transactions Tax receipts recorded significant growth. The trend indicated broad-based tax buoyancy, supported by underlying economic activity, taxpayer confidence and business performance.
September 18, 2026
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Reusable consent-based KYC enables integrated onboarding, reporting, record updates and periodic re-verification for regulated financial institutions.
Central KYC-based onboarding enables regulated financial institutions to reuse a customer's existing verified identity record through the Central KYC Registry with customer consent. The integrated solution supports onboarding, KYC reporting, unsolicited notifications and re-KYC. It retrieves consented KYC records through CKYC APIs, uses facial matching or video-based customer identification for authentication, and applies AI-based duplicate detection. Reporting automates validation, image correction and real-time registry submission, while record updates and simplified periodic re-verification support the currency of institutional KYC information.
September 18, 2026
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Benchmark interest rate normalisation raises borrowing costs while monetary policy monitors inflation, wage growth, currency risks, and economic recovery.
The Bank of Japan increased the uncollateralised overnight call rate from 1.0 per cent to 1.25 per cent, advancing monetary-policy normalisation after a prolonged period of near-zero or negative rates. The increase was assessed against gradual economic recovery, inflation near its target, wage growth, currency fluctuations, elevated crude oil prices, and external risks. Further tightening remains contingent on stable price increases, wage developments, and monitoring of other risks.
September 18, 2026
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Direct tax collections reflect stronger advance tax payments, alongside increased corporate tax, securities transaction tax, and refund issuance.
Net direct-tax collections exceeded Rs 12.12 lakh crore through 17 September, reflecting 13 per cent growth following increased advance-tax receipts. Gross direct-tax collections exceeded Rs 14.32 lakh crore, while refunds exceeded Rs 2.20 lakh crore. Corporate-tax and non-corporate tax collections increased, as did Securities Transaction Tax collections. Advance-tax receipts exceeded Rs 5.22 lakh crore, comprising increased corporate advance tax and non-corporate advance tax payments.
September 18, 2026
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Upper-layer NBFC listing compliance sharpens corporate governance conflict over public accountability, shareholder liquidity, and preservation of private ownership.
Tata Sons' status as an upper-layer non-banking financial company has brought its proposed public listing into focus after the Reserve Bank of India rejected its application to voluntarily surrender core investment company registration. Tata Sons is required to take steps to comply with the enhanced regulatory framework applicable to upper-layer NBFCs, which includes stock-market listing. Classified in 2022, Tata Sons did not meet the original listing deadline and had pursued deregistration after repaying debt.

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Mana Projects Completes 25 Years Of Excellence

March 20, 2025

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Bengaluru, Karnataka, India (NewsVoir) Mana Projects, a leading builder in Bengaluru, has completed 25 years of transforming Bengaluru's skyline. A journey that began in the 2000s as a modest venture has evolved to become a trailblazer in the real estate sector today that has been built upon trust, and loyalty from its customers.

Guided by the visionary leadership of Mr. Kishore Reddy, CMD of Mana Projects, the company embarked on its journey with residential developments in KR Puram and Bellandur. By focusing on Bengaluru's dynamic Southeast market—home to thriving IT parks, renowned schools, and top-tier healthcare facilities—they built strong communities that elevated urban living standards.

How Mana Turned Challenges into Opportunities Over the years, Mana Projects has navigated significant challenges, from economic downturns to evolving market demands. Adapting, innovating, and staying committed to excellence has been key to building an empire that resonates with trust and quality. From managing small projects to undertaking ambitious ventures like a 100-acre township, Mana Projects has consistently set benchmarks in the industry.

As an ISO 9001:2015 certified company, Mana adheres to the highest standards of quality, customer satisfaction, and efficient project execution. This certification ensures that every Mana home is built with precision, excellence, and a strong focus on long-term value.

Mana Projects aims to shape the future of Bengaluru’s real estate landscape with projects that address urban challenges and enhance lifestyles while setting new benchmarks with its innovative and sustainable designs through Iconic projects such as: • Mana Foresta: India’s first vertical forest tower, blending nature, and modern architecture seamlessly. This is an extraordinary luxury residential development that re-introduces urban living by bringing the serenity of a forest into the heart of the city. This architectural standard includes around 56 exclusive residences, enveloped by a meticulously curated vertical forest featuring over 225 trees, 2,500 shrubs, and 1,000 perennial plants within its vicinity.

• Daintree by Mana: Daintree Luxury Villas sets a new benchmark in sustainable luxury living. The residences at Daintree are engineered to create a living environment that seamlessly connects with nature, offering oxygen levels three times higher than conventional homes and twice the natural light penetration. A serene villa community inspired by nature, featuring double-height courtyards and eco-friendly construction.

• Mana Capitol: Introducing revolutionary convertible homes with movable walls and terrace kitchen gardens. Thoughtfully designed bay windows flood the spaces with natural light while offering panoramic views of the cityscape. For the homebuyers embracing the grow-your-own movement, private terrace kitchen gardens provide the perfect setting for urban farming.

• Mana Jardin Neo: Luxury living at its finest, combining exclusivity and elegance at the Sarjapur Road. This exceptional residential masterpiece transforms the concept of high-rise living through its commanding 360-degree panoramic views that paint a new picture with each passing hour.

• Mana Dale: A nature-infused development offering lush skywalks and teakwood boulevards. At its heart lies an unprecedented commitment to open spaces, with 75% of the property dedicated to verdant landscapes that invite residents to reconnect with nature and each other.

• Macasa Emerald: Fully furnished homes tailored for the millennial lifestyle and positioned strategically in one of the city's most vibrant residential corridors make it a substantial value appreciation, and hence an ideal choice for investors seeking to build lasting wealth through real estate.

Rooted in sustainability, Mana Projects incorporates green building concepts inspired by Italian architecture. In Mana Dale, for example, the company preserved existing trees using advanced tree transplantation techniques, ensuring that nature remains an integral part of the living experience.

With centralized quality control systems and eco-friendly innovations, the company ensures consistency and excellence across all developments, maximising the quality of life for residents.

"Our 25-year journey is more than just a timeline; it’s a story of dreams realized, trust earned, and lives transformed," reflects Mr. Reddy. "We set out to create spaces that not only house people but inspire them to live brilliantly." "As we celebrate this milestone, we are not just reflecting on our past achievements but looking ahead to a future filled with possibilities,” says Mr. Reddy. “The next phase of our journey includes bold plans to develop more than 15 million square feet across residential, commercial, and retail segments.” Beyond building homes, Mana Projects is deeply committed to giving back to the community. Their CSR initiatives reflect their dedication to creating a positive impact: • School Development Programs: Transforming government schools by establishing digital classrooms, conducting teacher training, and enhancing educational opportunities for students.

• Lake Rejuvenation: Restoring Hegondanahalli Lake through de-silting, planting native species, and introducing natural water purification methods, ensuring its sustainability for future generations.

• Ecological Drives: Organizing plantation drives and planting over 1,000 trees to promote environmental balance and create a greener tomorrow.

These initiatives reflect Mana Projects' commitment to building a better, more sustainable world for all.

This milestone is a testament to the dedication of Mana’s employees, partners, and customers who have been integral to its success. Mana Projects continues to shape lives and communities, staying true to its vision of creating innovative spaces that harmonize with nature and redefine living standards.

Beyond quality, Mana has been at the forefront of green and sustainable living. As one of the founding members of the Indian Green Building Council (IGBC), Mana integrates eco-conscious designs, energy-efficient materials, rainwater harvesting, and tree transplantation techniques across its developments. From Mana Foresta’s vertical forest concept to the lush tree-hugging balconies at Mana Tropicale, sustainability is woven into every Mana project. Our commitment to green-certified developments ensures that every home we build is future-ready, environmentally responsible, and built for generations to come.

(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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