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September 24, 2026
Show AI Summary
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
Show AI Summary
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
Show AI Summary
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.

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Innovative & Transformative Technologies Impress at the 32nd Convergence India & 10th Smart Cities India Expo

March 22, 2025

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New Delhi, Delhi, India (NewsVoir) • Over 3 days, 1,000+ domestic and international companies, including 250 startups and Smart Cities, presented India’s tech capabilities and achievements.

• Cutting-edge products from 6G, AI & ML, Big Data, IoT, Cybersecurity, Robotics, Drone Tech, Smart Governance, Fintech, etc., were displayed.

India's largest technology showcase, the 32nd Convergence India and 10th Smart Cities India expo, is an initiative by Exhibitions India Group (EIG) that focuses on transformative technologies and solutions shaping India’s future by creating an ecosystem that supports initiatives such as ‘Digital India, ‘‘Make in India,’ and the ‘Smart Cities Mission’.

Shri Nitin Gadkari, Hon’ble Minister for Road Transport & Highways, Government of India, inaugurated the expo. In a special address, the Hon’ble Minister said, “Today, AI is driving our economy. India’s future is connected with technological growth, so we need to push more research and innovations. The good news is that we boast the highest number of young engineers driving innovations and futuristic technologies." Under the theme “Imagining an AI-Driven Future Today: Innovating for a Better Tomorrow,” the event was a technological extravaganza and the epicentre of hectic activity, with thousands of visitors and delegates exploring technologies and innovations. They also had the opportunity to experience world-class gadgets, including drones, robotics, AR/VR glasses, mobile and digital gaming devices, etc. Meanwhile, the Smart City Pavilion offered an impressive lineup of smart city projects that deliver quality results and enhance millions of citizens’ lives.

Ms. Chandrika Behl, Managing Director, Exhibitions India Group, said, “This expo has played a pivotal role in fostering technological upgradation and national development, besides promoting an inclusive and sustainable ecosystem across the country. We are the foremost platform for businesses, especially startups, in the Digitech space and have launched several brands that have grown to achieve international acclaim. Taking a cue from the industry’s mood at this year’s show, we will continue providing wholesome opportunities to companies and allow them to thrive and emerge as global brands.” In addition to product launches, investor meets and collaborations, the venue hosted approx. 40 conference sessions ranging from a wide gambit of subjects. These sessions facilitated discussions between industry representatives, innovators, think tanks, and academia on the latest developments and market trends impacting new-age technologies. Moreover, the industry’s future looks bright, with several ministry representatives participating in these discussions! Besides, strong representation from the Ministry of Electronics & IT, including Abhishek Singh, Additional Secretary & CEO India AI Mission; Sanket Bhondve, Joint Secretary; and Panneerselvam Madanagopal, CEO, Startup Hub; Sanjeev Shankar, Joint Secretary, Ministry of IB, and A. Dhanalakshmi, Joint Secretary, Ministry of Science & Technology, also participated in constructive interactions, proving the Government’s resolve to guide the industry. While interacting with delegates during a conference session focused on Artificial Intelligence, Abhishek Singh observed, “We are building AI-based applications in key sectors that can be scaled, rolled out and deployed at scale. The AI policy alignment opens doors for new tools to detect data bias, machine learning, detecting deepfakes, and watermarking AI-generated content.” Prominent entrepreneurs such as Aman Gupta (Co-founder & CMO, boAt), journalist Barkha Dutt and Ankur Warikoo, founder of WebVeda, also engaged in deliberations, offering insights into India’s thriving startup ecosystem. During a Fireside Chat session, Aman Gupta said, “The new India is dreaming big. However, Indian brands should not target to be affordable but aspirational. They should also have a competitive mindset.” Talking about the qualities that a successful entrepreneur should have, he shared, “Find your passion and follow it wholeheartedly. Keep yourself grounded, and don’t get carried away. My mantra is - be efficient and take responsibilities seriously.” Among the highlights were the Investors Pitch competition in the Startup arena that had 10 startups showcase innovative ideas to a distinguished jury. Products and ideas were shared across domains such as healthcare, farming, and safety. Fuselage Innovation, an agri-tech startup from Kerala, emerged as the winner. It received the Prem Behl’s Excellence Award, a cash prize of Rs. 1 Lakh from Exhibition India, and a fully funded participation in the reputed GITEX Dubai and GITEX Morocco, besides guaranteed pitch slots at the Supernova Challenge 2025 in Berlin.

The highly popular Fintech and Smart Cities awards drew a large number of nominations. The Smart Cities awards were given under categories such as Best Use of AI for Urban Development, Best Smart Energy Solution, Digital Inclusion and Citizen Engagement, Innovation in Urban Mobility, etc. Some Fintech awards categories included Best Global Use of AI in FinTech, Best Digital Lending Solution, FinTech for Financial Inclusion, Best Fintech Leader, etc. Meanwhile, the first Mobile India awards were introduced as an extension of the Mobile India Expo to celebrate the outstanding contributions of companies and individuals towards revolutionising the sector.

Notably, Russia-based Alfa Bank bagged awards in two categories: Global Leader in Fintech and Best Global Use of AI in FinTech. Sharing his thoughts upon receiving the award, Alexey Kashirin, Head of the Advanced Analytics Department, said, “I am grateful to the FinTech India Innovation Awards for appreciating our bank’s contribution to innovation development. India is not just a global technology leader, but also one of Russia’s key partners.” About Convergence India Since 1992, Convergence India has heralded the telecom and digital revolution in India. It is India's largest technology showcase event, providing a platform to showcase ‘Brand India’ by supporting the ‘Make in India’ and ‘Digital India’ campaigns. Convergence India is at the forefront of promoting technological advancements in Telecom, Satcom, Broadcast, Wired & Wireless technologies, 5G & 6G networks and IT solutions.

About Smart Cities India The Smart Cities India expo displays India’s emerging modernisation and development landscape that aims to deliver better citizen-centric services across the country. The expo showcases the integration of transformative technologies with the key pillars of urban development, i.e., green buildings, rooftop solar, renewable & clean energy, clean environment, clean water, water conservation, urban mobility, and the use of smart ICT solutions for optimising resources that make cities smart and sustainable.

(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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