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    Razorpay Launches a Conversational AI Account Manager 'RAY' on WhatsApp For Businesses, in Partnership with IndusInd Bank
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September 3, 2026
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Conversational AI account management enables businesses to access payment information, settlement support, refunds, and payment links through WhatsApp.
RAY is a conversational AI account manager on WhatsApp that enables businesses to access payment information, support, and operational actions through messages or voice notes. It can provide payment summaries, analyse payment activity, monitor settlement status, generate payment links, and issue refunds. The AI assistant is designed to proactively identify payment-health issues, flag settlement events, recommend actions, and use merchant-specific context to support payment management without dashboard navigation.
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Portfolio management services distribution enables certified mutual fund distributors to digitally onboard and report for eligible high-net-worth clients through AssetPlus.
AssetPlus has launched Portfolio Management Services for certified Mutual Fund Distributor partners to digitally onboard, track, manage and report PMS investments for eligible high-net-worth clients. PMS distribution requires NISM Series-XXI-A certification and operates within the APRN distributor-registration framework. PMS comprises individually managed portfolios run by SEBI-registered Portfolio Managers and held in clients' demat accounts. The minimum investment is Rs. 50 lakh, and offerings are governed by the SEBI (Portfolio Managers) Regulations, 2020. The platform provides daily reconciliation of holdings, performance and valuations.
September 3, 2026
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NPOP-certified ethnic rice exports strengthen organic producer access to international markets through certification, traceability, and organised export production.
NPOP-certified ethnic rice exports from Tripura to Austria and the Netherlands connect local farmers and Farmer Producer Companies with international markets through organised, export-oriented production. The initiative emphasises certification, traceability, food safety and quality as requirements for access to markets for certified organic products. Buyer-seller linkages support export opportunities, while coordinated organic value-chain engagement strengthens certification and quality systems and supports producers in meeting international standards.
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Gated residential community launch combines smart-home villas, extensive lifestyle amenities and planned expansion into future residential developments.
VR LIVIN Ventures LLP launched 'THE FIRST', an 83-villa gated residential community in Madhavaram, North Chennai, which recorded sales of 20 villas during its first two launch days. The development includes smart-home villas and more than 50 lifestyle amenities, with access to nearby metro connectivity and social infrastructure. It forms part of the company's intended expansion of residential projects in Chennai and other South Indian locations.
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GST rationalisation for amusement park admissions could lower ticket prices, stimulate consumer demand, and support investment without input tax credit.
GST rationalisation for amusement park, water park and indoor entertainment admission tickets is sought through a flat 5% GST rate without Input Tax Credit. The proposed rate is intended to reduce ticket prices, improve affordability and increase customer demand in a capital-intensive tourism and entertainment sector. Many smaller and mid-sized operators report limited ability to offset GST liability through ITC. Lower taxation is projected to support facility expansion, revenue growth, new investment, employment and reinvestment in recreational services.
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Money laundering linked to hybrid ganja smuggling involves alleged illicit cross-border transfers and foreign-exchange violations.
Enforcement Directorate searches form part of a money-laundering investigation into alleged hybrid ganja smuggling from Thailand. A case under the Prevention of Money Laundering Act concerns suspected laundering of drug-trafficking proceeds and transfer of funds to Thailand through illegal channels. The inquiry also examines possible foreign-exchange violations and an alleged arrangement involving carriers, visas and funds for transporting narcotic substances.
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Foreign-currency deposit mobilisation supports currency appreciation while creating surplus-liquidity sterilisation pressures through deposit swaps in domestic banking markets.
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Money laundering investigation examines alleged diversion of bank loans from a power project to group entities and personal use.
Money laundering investigation under the Prevention of Money Laundering Act concerns alleged diversion of bank loans obtained by Kohinoor Power for a power plant in Jharkhand. The loan proceeds were allegedly transferred to other group entities and used personally. Searches were conducted at eleven premises associated with the group's promoters, directors and auditors. The company entered liquidation proceedings before the National Company Law Tribunal, with limited recovery for creditors.
September 3, 2026
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Globalisation of auto component manufacturing is linked to trade access, resilient supply chains, technology adoption, safety, and vehicle scrappage.
The auto component industry is encouraged to expand globally through reciprocal market access, overseas manufacturing, international investment and trade partnerships. Supply-chain resilience is to be strengthened through indigenisation of vulnerable products, access to critical minerals, and domestic capacity in auto components, speciality steel, technical textiles and semiconductors. Priority is also given to high-value integrated solutions, artificial intelligence-enabled quality control, vehicle safety and industrial parks offering manufacturing infrastructure. Vehicle scrappage requires coordinated government incentives and fair industry valuation to support replacement demand for new-age vehicles.
September 3, 2026
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IP BRICS Heads adopted Updated Operational Guidelines to direct result-oriented intellectual property cooperation, promote cross-border innovation, and reinforce joint engagement in global IP standards. Priority areas include protection of traditional knowledge and traditional systems of medicine, reinforced patent examination cooperation, exchange of search results, patent analytics, and geographical indication protection and commercialisation. Coordination mechanisms and periodic progress reviews are emphasised for effective implementation and continuity of cooperation.
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Sovereign credit rating upgrade reflects resilient growth, improved fiscal expenditure quality, stronger financial systems, and a robust external position.
India's long-term foreign-currency and local-currency issuer ratings were upgraded from 'BBB+' to 'A-', with a Stable Outlook, reflecting resilient economic growth, improved fiscal expenditure quality, strengthened financial-sector soundness, and a robust external position. Fiscal improvement is linked to greater capital expenditure and lower fiscal deficit. Financial resilience is supported by improved banking and non-banking sector asset quality and capital adequacy. External strength arises from a contained current account deficit, services surplus, and foreign-exchange reserves exceeding short-term external debt.
September 3, 2026
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Public sector general insurance performance requires profitable underwriting, lower claim ratios, digitalisation, standardised monitoring, and quality grievance redressal.
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Cross-border financing through GIFT-IFSC expands foreign currency mobilisation, external commercial borrowing disbursements, and international bond market access.
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September 3, 2026
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Bilateral business council leadership appointment strengthens operational capacity to advance Canada-India economic and investment partnerships.
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September 3, 2026
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Regulatory certainty and compliance reforms support investment facilitation, infrastructure development, MSME credit access, and reduction of bank non-performing assets.
Regulatory certainty, ease of compliance and investment facilitation are identified as central elements of India's economic reform orientation. The Insolvency and Bankruptcy Code is included among reforms supporting regulatory certainty, reduced paperwork and easier compliance. Policy priorities include infrastructure development, artificial intelligence and data centres, credit access for MSMEs, reduction of banks' non-performing assets, fiscal discipline, and investment facilitation by central and state governments.
September 2, 2026
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Sovereign credit rating upgrade reflects resilient economic growth, fiscal quality, financial-system soundness, and external-sector resilience.
Japan Credit Rating Agency upgraded India's foreign-currency and local-currency long-term issuer ratings to A-, citing solid economic growth, strengthened growth-oriented policies and improved financial-system soundness. Improved banking asset quality, insolvency mechanisms, government capital infusion and stronger central-bank supervision support financial resilience. Fiscal quality has improved through greater infrastructure-focused capital expenditure and restraint in current spending, while a contained current-account deficit, services surplus and substantial foreign-exchange reserves support resilience to external shocks.
September 2, 2026
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Foreign capital inflows and modest foreign institutional equity purchases supported rupee appreciation against the US dollar despite weak domestic equities, elevated crude oil prices and a stronger dollar. RBI monitoring and apparent currency-market intervention supported the rupee amid risk aversion, higher US Treasury yields and concerns over crude supply disruptions. Forthcoming US employment data remained relevant to dollar and rupee direction.
September 2, 2026
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Foreign-currency non-resident deposits bolster external liquidity through hedging support and lending flexibility during global market uncertainty.
Foreign Currency Non-Resident (Bank) [FCNR(B)] deposits are fixed-term foreign-currency deposits for non-resident Indians, with principal and interest repayable in the deposit currency and without direct rupee exchange-rate risk. A special central-bank programme mobilised substantial FCNR(B) deposits, alongside overseas foreign-currency borrowings and external commercial borrowings, to strengthen foreign-exchange liquidity. Banks received hedging-cost support and permission to lend against the deposits. The facility was closed earlier than scheduled after its mobilisation objective was met.
September 2, 2026
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Foreign currency swap facility accelerated FCNR(B) deposit window closure after substantial diaspora inflows, while borrowing windows remain open.
Special USD-INR foreign-exchange swap facility for FCNR(B) deposits, Overseas Foreign Currency Borrowings and External Commercial Borrowings was introduced to strengthen the external sector and support foreign-exchange liquidity. FCNR(B) deposits, under which principal and interest are repayable in the same foreign currency, generated the principal share of inflows. Strong diaspora participation led to advancement of the FCNR(B) window closure. The swap facility for Overseas Foreign Currency Borrowings and External Commercial Borrowings remains open until December 31, 2026.
September 2, 2026
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GST bribery allegations led to a trap operation against officials and an intermediary in a quarrying matter.
Criminal investigation concerns alleged solicitation and acceptance of an undue advantage by CGST officials in connection with settling a GST/royalty matter involving a stone-quarrying firm. The officials allegedly arranged for a private person to collect the payment. A trap operation resulted in the private person being caught while accepting the alleged undue advantage. Searches at the accused persons' premises led to recovery of cash and jewellery, while further investigation continues.

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Customs, DGFT & SEZ

Computerisation programme for improving management of information about cases handled by CESTAT and also communication between CESTAT and litigants before CESTAT

November 19, 2012

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Public Notice F. No. 1(1)/CESTAT/Comp/SOFT/2012,

dated 16-11-2012

CESTAT, New Delhi Bench is presently implementing a computerization programme to improve the management of information about cases handled and also to improve the means of communication between CESTAT and litigants before CESTAT.

2. Department of Post has also been continuously in touch with CESTAT to improve the way in which the addresses are written on the envelopes that are being despatched. We are attending to this issue and progressively improving the structure and completeness of the addresses. One major defect pointed out by the Department of Post is that addresses do not indicate pin codes. We can avoid these defects only if the appellants/respondents and advocates furnish full and complete addresses in a structured form as indicated in the annexures to this public notice.

3. Shortly we will start communicating with all the litigants through e-mails and SMSes about appeal numbers and application numbers assigned in fresh causes, next date of hearing of the causes and also about despatch of orders. This service can be extended only if the e-mail addresses and mobile phone numbers of the parties are recorded in our database.

4. To enable CESTAT to implement the above plans, the litigants who file appeals or are respondents in appeals and their counsels or representatives are requested to comply with the following requirements:

(i) All counsel or representatives who regularly appear in CESTAT New Delhi should furnish an information sheet, as per Annexure-1 to this public notice, in the Central Registry. Each such person is assigned a code in our database. The existing codes are published on CESTAT website for ready reference. Whenever there is change in any address please furnish a new Anexure-1 indicating the codes.

(ii) When counsel or representatives file appeals or prepare papers for appellants to file appeals they should make sure that pincodes, e-mail address and mobile number of appellant and to the extent possible of the respondent are indicated correctly in concerned items in the Appeal Memorandum and Cross objection (like in items like 6 and 7 of CA-3, 7 and 8 of ST-5 and 6 and 7 of EA-3 etc.).The existing forms require that e-mail addresses should be furnished. However litigants are not deligently furnishing this information. In future e-mail address and mobile phone numbers may be furnished deligently. CBEC is presently considering a proposal to notify new forms which will have separate columns for these details. However please furnish such details even though it is not yet specifically notified.

(iii) Whenever a respondent in a case receives notice regarding appeal filed against them they should communicate their email address and mobile telephone numbers to the Registry of CESTAT, as per Annexure-2.

(iv) Further whenever a counsel or authorized representative appears for the first time in court to represent an appellant or respondent in a case he should file Annexure-2 with the court master.

(v) Whenever a counsel or authorized representative is engaged by replacing another counsel already on record, it is necessary that the name of the old Counsel or representative gets replaced. Other-wise communication will continue to go to the old addresses. So special care should be taken by counsel and representatives in this regard.

5. Once we start sending e-mail communication and SMSes we will put up a notice in the Bar Room. After we have started the process if you are not receiving messages (e-mails and SMS) regarding fresh dates of hearing, please get in touch with Central Registry, to rectify the mistake if any.

Annexure-1

To be completed by Advocates regularly appearing in CESTAT, New Delhi

1.

Code Allotted by CESTAT:

 

2.

Name of the advocate

 

3.

Address at which Communication is to be sent:

Line2-Address1 (Length<30)

Line3-Address2(Length<30)

Line4- District (Length<30)

Line5-State (Length<30 )

Line6-Pincode(Length =6)

(Each of the above lines shall be maximum length of 30 characters)

4.

Email Address

 

5.

Mobile telephone number to which messages should be sent

 

 

Place

Signature of the Advocate

Date

(Mobile telephone number)

 Annexure-2

Information Sheet to be furnished when an advocate appears for the first time either for an appellant or respondent in any case

S. No

 Information needed

Structure in which needed

1.

Case Type

Customs/Excise/Service Tax/Anti-dumping

2.

Appeal No.

Integer

3.

Appeal Year

 Integer-4 digits

4.

Name of Appellant

 

5.

Name of Respondent

 

6.

Name and Address of the Advocate

Linel - Name (Length<30)

Line2 - Addressl (Length<30)

Line3 - Address2(Length<30)

Line4 - District (Length<30)

Line5 - State (Length<30 )

Line6-Pincode (Length =6)

(Each of the above lines shall be maximum length of 30 characters)

7.

E-mail address of the advocate

 

8.

Mobile tel. Number of the advocate

 

9.

Name and address of the party being represented

Line1-Name (Length<30)

Line2-Address1 (Length<30)

Line3-Address2(Length<30)

Line4- District (Length<30)

Line5-State (Length<30 )

Line6-Pincode (Length =6)

(Each of the above lines shall be maximum length of 30 characters)

10.

E-mail address of the party represented

 

11.

Mobile number of the party represented.

 

 

Place

Signature of the Advocate

Date

(Mobile telephone number)

Topics

Acts Income Tax