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    “Sources and Methods for Compilation of National Accounts Statistics”
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September 21, 2026
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Trade pact negotiations and Russian energy tariffs shape market-access commitments and potential import-duty exposure for exporters.
India and Canada have accelerated negotiations for a Comprehensive Economic Partnership Agreement to establish a bilateral trade framework for goods and services. A United States law concerning sanctions on Russia and Iran authorises tariffs of up to 100 per cent on imports from leading purchasers of Russian crude oil or natural gas, creating potential tariff exposure for Indian exports. The India-European Union trade pact contemplates immediate duty elimination on 90 per cent of Indian goods and phased elimination on a further three per cent over seven years, subject to ratification.
September 21, 2026
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Semiconductor ecosystem policy requires predictable regulation, integrated clusters, and coordinated support to convert domestic demand into local value creation.
Semiconductor ecosystem development in India is centred on converting expanding domestic demand into local manufacturing, innovation and supply-chain resilience. A predictable fiscal and regulatory environment, alignment of central and state semiconductor policies, integrated manufacturing clusters and talent-certification programmes are important to project viability and commercialisation. Advanced packaging, compound semiconductors, photonics and chip-to-system integration offer high-potential areas, requiring policy certainty, streamlined approvals and long-term support for research, talent and supplier development.
September 21, 2026
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Legal and NPA advisory services receive recognition for social welfare, women's employment, legal awareness, and financial dispute-resolution work.
Felicitation of Advocate V. K. Dubey recognised his stated work in women's employment, public welfare, banking, NPA resolution, legal awareness, and social service. His profile encompasses civil, criminal, non-performing asset, banking, corporate, and settlement matters; leadership of bodies engaged in financial-dispute resolution; and legal assistance and public awareness intended to improve access to justice for marginalised persons. Associated initiatives include education and support for disadvantaged communities and wider social empowerment.
September 21, 2026
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Rupee appreciation reflected lower crude oil prices, stronger domestic equities, and improved risk sentiment amid diplomatic expectations.
Rupee appreciation against the US dollar followed lower crude oil prices, improved global risk sentiment, positive domestic equity markets, and softer US Treasury yields. Dollar index strength, geopolitical developments, and possible increases in oil supplies remained relevant to currency movements. Market commentary anticipated a slight positive rupee bias if crude oil prices continued to ease, while renewed geopolitical tensions could weaken risk sentiment. Net foreign institutional investment and a decline in foreign exchange reserves also formed part of the market context.
September 21, 2026
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Reciprocal tariffs and AI incident notifications frame bilateral talks on trade, security, technology and arms sales.
US sanctions legislation authorises the President to impose tariffs, including up to 100 per cent, on countries purchasing Russian oil and gas. China rejects tariffs directed at its Russian energy purchases and opposes unilateral sanctions and long-arm jurisdiction absent an international-law basis or a UN Security Council mandate. Washington and Beijing are also negotiating a reciprocal tariff-reduction framework covering products from both sides.
September 21, 2026
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Gold recycling and financialisation can reduce import dependence by mobilising household holdings through exchange, credit and non-physical investment.
Organised gold recycling, responsible sourcing, gold loans and financialised gold products are identified as ways to reduce reliance on fresh gold imports. Exchanging old jewellery can meet retail demand from existing domestic holdings, while gold loans unlock credit without requiring households to sell their gold. Gold ETFs and digital gold permit exposure to gold's value without physical possession and may reduce physical import demand. Transparency, trust and supporting infrastructure are necessary to integrate household gold into an organised formal economy.
September 21, 2026
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Tribunal infrastructure and member vacancies: amenities assessment and bench-level data collection address reduced sittings across company-law benches.
The Supreme Court required the Central Government urgently to identify, in consultation with the Tribunal President, infrastructural amenities needed by tribunal benches. The Principal Bench Bar Association was required to compile tabulated infrastructure data for every regional bench. At least 18 benches were asserted to conduct half-day sittings because of member shortages, against a sanctioned complement that remained unchanged despite expanded insolvency jurisdiction.
September 21, 2026
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Duty-free access for Indian exports under the India-New Zealand trade agreement begins with its entry into force.
The India-New Zealand Free Trade Agreement will grant duty-free access in New Zealand to all Indian exports, displacing existing peak tariffs on products such as ceramics, carpets, automobiles, and auto components. Scheduled to enter into force on 20 October 2026, the agreement also includes New Zealand's long-term investment commitment in India.
September 21, 2026
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Tariff sanctions and AI trade consultations examine reciprocal tariff reduction amid energy-purchase measures and objections to unilateral sanctions.
Expanded sanctions and tariff measures form the immediate trade-policy backdrop. The Lindsey O. Graham Sanctioning Russia and Iran Act of 2026 authorises expanded sanctions and tariffs targeting Russia and countries that buy its energy exports. China contests the application of tariffs to its purchases and opposes long-arm jurisdiction and unilateral sanctions asserted without a basis in international law or a UN Security Council mandate. Parallel negotiations contemplate a reciprocal tariff-reduction arrangement.
September 21, 2026
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Rupee appreciation in early trade reflects lower crude prices and stronger domestic equities despite dollar demand.
Rupee appreciation in early interbank trading saw the currency strengthen by 24 paise to 95.72 per US dollar. Lower Brent crude prices, gains in domestic equities and improved foreign fund sentiment supported the currency, while importer demand for dollars and broader US-dollar strength limited gains. Market commentary identified a broad near-term trading range, and foreign-exchange reserves declined because foreign-currency and gold reserves fell.
September 21, 2026
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Digital signature compatibility requires updated signing software for newly issued tokens, while functioning existing certificates remain usable until expiry.
Digital-signature users with tokens issued on or after 21 September 2026 must install emSigner v3.3, while users whose existing certificates and tokens function normally may retain their current version. Version 3.3 supports existing tokens and is required where signing fails or certificates cannot be selected despite correctly installed drivers. Certificates downloaded to FIPS 140-2 dongles on or before that date remain valid until expiry; later renewal or fresh issuance generally requires FIPS 140-3 dongles, subject to specified exceptions.
September 21, 2026
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Private capital mobilisation for development financing requires predictable investment conditions, credible projects, fiscal transparency, and strengthened State capital expenditure.
Development financing for Viksit Bharat is framed as a joint Union-State and private-sector task requiring higher savings and investment, fiscally resilient public finances, and mechanisms to mobilise private capital. Fiscal sustainability requires State-wise debt assessments and fuller disclosure of off-budget borrowings, guarantees, arrears and borrowings through State-owned entities. Public resources are expected to play a catalytic role in attracting private investment, supported by predictable rules, enforceable contracts, faster dispute resolution and stronger investment protections.
September 21, 2026
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PMLA-IBC interface examines challenges in harmonising insolvency resolution with money-laundering asset attachment, investigation, tracing and enforcement.
The PMLA-IBC interface addresses reconciliation of insolvency resolution with anti-money-laundering enforcement where corporate debtor assets are attached during resolution. Section 32A is central to this interaction, although harmonised implementation remains challenging. The framework also considers money-laundering stages, hawala transactions, financial investigation, asset tracing, and evolving judicial approaches to aligning insolvency objectives with enforcement measures.
September 21, 2026
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Evolving insolvency law relies on legislative amendments and regulatory mechanisms to respond effectively to changing market conditions.
Subordinate legislation and regulatory mechanisms are important tools for maintaining responsiveness within the insolvency framework. Regulations may be framed for provisions of the Code and for fulfilment of its purposes and objectives, enabling practical responses to emerging issues. The interaction between primary legislation, regulations and market developments supports continuing refinement of insolvency law in line with changing conditions.
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.

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PMLA / Black Money

CBI searches at Bhupesh Baghel's house politically motivated: Cong

March 26, 2025

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Raipur/Durg, Mar 26 (PTI) The Congress on Wednesday claimed the CBI's searches at the residence of former Chhattisgarh chief minister Bhupesh Baghel were politically motivated, and asserted it will not be intimidated by such actions.

The Central Bureau of Investigation (CBI) on Wednesday conducted searches at the residence of Congress leader Baghel in connection with the alleged Rs 6,000 crore Mahadev app scam, officials said.

The agency teams swooped down at Baghel's residences in Raipur and Bhilai, as well as the houses of a senior police officer and a close associate of the former CM, they said.

The searches also covered the premises of Congress MLA Devendra Yadav in Bhilai town of Durg district and of IPS officers Anand Chhabra, Abhishek Pallava and Arif Sheikh, among others, sources said.

Baghel said the CBI conducted searches at his residence ahead of his scheduled visit to New Delhi for a Congress meeting.

Reacting to the action, Baghel's office in a post on X said, "Now CBI has arrived. Former Chief Minister Bhupesh Baghel is scheduled to go to Delhi today for the meeting of the "Drafting Committee" constituted for the AICC meeting to be held in Ahmedabad (Gujarat) on April 8 and 9." "Before that, CBI has reached Raipur and Bhilai residences," it added.

State Congress chief Deepak Baij in a post on X claimed the BJP sent the CBI after Baghel and Yadav following all the "failed raids and failed conspiracies".

"Since this morning, the CBI has been camping at the houses of both our leaders, this is nothing but the government's desperation," he charged.

"But remember one thing - neither Congress will bow down, nor Congress will stop. This fight is not just about the leaders, but about every truth which is being tried to be crushed by the power. BJP should remember - truth does not bow down, and the end of injustice is certain," he added.

Senior Congress leader and former state Deputy CM TS Singh Deo also condemned the action and claimed the central agencies have been trying to harass Baghel.

"The attempt by the agencies to harass former CM Bhupesh Baghel ji repeatedly is condemnable. It is only the BJP's failed attempt to tarnish Bhupesh ji's image. The state BJP government is incapable of running the government, therefore it has been making such efforts to divert attention from the issues related to the public," Singh Deo alleged in a post on X.

First the ED, then CBI, the investigating agencies have been acting as the 'B' team of the BJP, he claimed.

"It has become clear that the central agency has only become a weapon to threaten and harass opposition leaders. This action being taken by BJP out of political malice is a violation of democracy," he added.

State Congress communication wing head Sushil Anand Shukla slammed the BJP over the action and claimed the ruling party was scared of Baghel.

"Ever since Baghel has become the party in-charge of Punjab, the BJP is scared. First, the Enforcement Directorate was sent to his residence and now, the CBI has been sent. This shows the BJP's fear. When the BJP fails to fight politically, it uses central agencies against its opponents," he alleged.

"Neither Bhupesh Baghel nor the Congress party is scared," Shukla said.

The people of the country and the state are well aware of these "oppressive" policies of the BJP, he said.

Earlier also, the CBI had lodged a case against Baghel in connection with an alleged seven-year-old (sleaze) CD matter, but the court recently discharged him of all charges, Shukla added.

Recently, the Enforcement Directorate had conducted searches at Baghel's residence in connection with an alleged liquor scam case.

The state government last year handed over to the CBI 70 cases related to the alleged Mahadev scam lodged with different police stations and one case registered with the Economic Offences Wing (EOW) in the state.

Baghel along with promoters of the Mahadev app - Ravi Uppal, Saurabh Chandrakar, Shubham Soni and Anil Kumar Agrawal and 14 others - were named as accused in the EOW's FIR.

Baghel had termed the EOW FIR "politically motivated".

Notably, the ED has been probing the Mahadev app-linked money laundering case, unearthed during the previous Congress government in the state.

The ED had conducted multiple raids in the case earlier in the state and filed prosecution complaints (chargesheets) in the case, including against the two main promoters of the alleged illegal betting and gaming app - Chandrakar and Uppal.

The ED claimed in the past that its probe in the Mahadev online gaming and betting app has shown involvement of various high-ranking politicians and bureaucrats from Chhattisgarh, the state where the two main promoters, Chandrakar and Uppal, of the app hail from.

It had said the app is an umbrella syndicate arranging online platforms for enabling illegal betting websites to enrol new users, create user IDs and laundering of money through a layered web of 'benami' bank accounts.

The two main promoters of the app are stated to have been detained in Dubai on the basis of an ED-requested Interpol red notice. The projected proceeds of crime in this case are about Rs 6,000 crore, according to the ED. PTI TKP GK

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