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    Trump used to slam China. Here's why he's now rolling out the red carpet for Xi
    RBI orders removal of Maharashtra minister Babasaheb Patil, 7 others as directors of Latur DCC Bank
    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
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September 20, 2026
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Tariff policy and trade truce reshape bilateral engagement as rare-earth leverage limits coercive economic measures.
United States-China trade relations are being conducted through continued tariff policy, prior export restrictions, and a trade truce after escalating tariffs did not achieve their intended effect of changing Chinese economic conduct. China's concentrated supply of rare-earth inputs used in electronics provided negotiating leverage and contributed to the trade armistice. Indications that Chinese goods are routed through third countries to lessen tariff exposure qualify the decline in the bilateral goods imbalance. Continued tariffs have not constrained China's manufacturing expansion or its access to export markets.
September 20, 2026
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Ten-year director tenure cap governs removal of ineligible cooperative bank board members after regulatory review.
RBI required Latur District Central Cooperative Bank to remove directors considered ineligible for exceeding the ten-year maximum tenure applicable to district central cooperative bank directors. The action invoked director ineligibility under the Banking Regulation Act. Following a complaint and a court-directed timeline for regulatory action, RBI sought responses from the concerned directors, seven of whom resigned. An issue was raised over whether the tenure cap could apply retrospectively to appointments made before its stated commencement and whether it was being applied uniformly.
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.

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Peacekeeping not zero risk effort, those committing crimes against peacekeepers must be prosecuted: India tells UNSC

March 25, 2025

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United Nations, Mar 25 (PTI) Asserting that peacekeeping is not a zero-risk effort, India told the UN Security Council that peacekeepers have to contend with the presence of non-state actors, armed groups and terrorists, and in an era of complex conflicts and threats, perpetrators of crimes against peacekeepers must be brought to justice.

These remarks were made by India's Permanent Representative to the UN, Ambassador Parvathaneni Harish, during the UN Security Council Open Debate on Advancing Adaptability in UN Peace operations on Monday.

"UN Peacekeepers today have to contend with the presence of non-state actors, armed groups, terrorists, as well as transnational criminal networks. Technological advancements have created new challenges in the form of mis-/dis-/mal-information and hate speech, new-age weapons, including drones, IEDs etc. These are but a few new realities that peacekeepers are up against," he said.

"Safety and security of peacekeepers must remain paramount. In an era marked by complex conflicts and asymmetric threats, we must ensure that those who risk their lives for peace are adequately protected and that perpetrators of crimes against peacekeepers are brought to justice," he said.

He stressed that troop/police-contributing countries need to focus on enhancing the capabilities of their personnel to address emerging challenges to operate effectively in hostile environments.

"India is willing to curate and offer courses that address specific demands of modern peacekeeping at our Centre for UN Peacekeeping (CUNPK), which has been training national and international peacekeepers for over two decades," he added.

Underlining that the use of advanced surveillance, communication and data analytic tools should be integrated into peacekeeping operations to improve situational awareness and rapid response capabilities, Harish said that India stands ready to share its expertise as a technology enabler in this regard.

He said that countering modern challenges to peacekeeping demands that Peacekeeping Missions are adequately funded and resourced. Resources need to be commensurate with the mandate.

"The current state of uncertainty over funding and the mandate-resource mismatch is neither sustainable nor comforting nor desirable, particularly for countries from the Global South who contribute the lion's share of troops." Earlier this month, UN Secretary-General Antonio Guterres announced the 'UN80 Initiative' aimed at improving efficiencies at the 80-year-old world organisation and making it more cost-effective as he voiced concern over shrinking resources and liquidity crisis amid an environment of "uncertainty and unpredictability".

The UN General Assembly approved a USD 3.72 billion budget for the United Nations for 2025. The US is the single largest financial contributor to the UN, paying 22 per cent of the regular budget and 27 per cent of the peacekeeping budget.

The approved budget for UN Peacekeeping operations for the fiscal year 1 July 2024 - 30 June 2025 is USD 5.6 billion and at 26.95 per cent, the US is largest contributor to United Nations peacekeeping operations.

US President Donald Trump, in his second term in the White House, had announced that America will withdraw from and end funding to certain UN organisations.

India ranks among the top contributors to UN peacekeeping missions with 5,384 personnel, including 153 women, across 10 missions as of September 2024.

Nearly 180 Indian peacekeepers have made the supreme sacrifice in the line of duty, the highest number by far from any troop-contributing country.

Harish said that adapting peace operations to new realities cannot happen unless those on ground -- the troop-/police-contributing countries -- are made part of the mandate formulation process at every stage. He further said that the rationalisation of peacekeeping missions is essential for the efficient allocation of resources.

"Redundant missions that continue on political life support without operational rationale only for propaganda purposes, divert resources from urgently required peacekeeping missions and undermine the credibility of the UN." Further, he said it is important to acknowledge that peacekeeping missions cannot exist in perpetuity. "Missions need to have viable transition plans and exit strategies that ensure that the peace sustains." With respect to peacebuilding by peace operations, Harish said national ownership should remain the core principle in all peacebuilding initiatives and activities.

"We encourage greater coherence and coordination between Resident Coordinators and the UN entities to support the national peacebuilding priorities of the Host States by peace operations, including during the mission transition.” India said that adapting peace operations to new realities also involves enhancing the critical role of women peacekeepers both qualitatively and quantitatively.

In February this year, Harish told the Council that India organised the first ever Conference for Women Peacekeepers from the Global South, bringing together representatives from 35 troop/police-contributing countries to deliberate on the key issue.

"It is no longer a question of whether women can do peacekeeping. Rather, it is about whether peacekeeping can do without women." Peacekeeping cannot be the sole solution to conflicts, he said adding that peace holds when peacekeeping operations are accompanied by political solutions.

"These can only emerge when there is coherence within the UN Security Council. It is, thus, imperative to reform the UNSC in both categories to make it more reflective and representative of current geopolitical realities." Harish further highlighted that India, a nation deeply committed to the principles of multilateralism and global peace, has been a steadfast partner of the United Nations in its peacekeeping endeavours, with a history of deploying nearly 300,000 troops across more than 50 missions as of date.

Paying tribute to more than 4,000 UN peacekeepers, including 182 Indian personnel, who have made the ultimate sacrifice in the service of peace, Harish called for the earliest completion of a Memorial Wall in their honour. PTI YAS ARD ARD

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