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    USIBC bats for early conclusion of India-US trade deal
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September 25, 2026
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Interest-free working capital assistance for FCV tobacco growers supports liquidity, institutional loan repayment, crop inputs, and reduced private borrowing.
A one-time, interest-free working-capital loan of Rs. 50,000 per barn is approved for FCV tobacco growers in Andhra Pradesh under the Interest-Free Working Capital Assistance Scheme. Covering about 44,000 growers, the assistance is proposed to be delivered through direct benefit transfer. It is intended to provide liquidity for household requirements, institutional loan repayment and crop inputs, while reducing dependence on private borrowing.
September 25, 2026
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Government securities auction calendar establishes retail bidding access, flexible issuance terms, greenshoe subscriptions, and periodic debt switch operations.
Each auction carries a non-competitive bidding facility, under which five per cent of the notified amount is reserved for specified retail investors. The Government may modify indicated amounts, issuance periods and maturities, and may issue instruments with non-standard maturities, floating-rate bonds or inflation-indexed bonds, having regard to governmental requirements, market conditions and other relevant factors. It may retain additional subscriptions through a greenshoe option and conduct switch or buyback auctions of dated securities.
September 25, 2026
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Market borrowing plan sets dated securities auctions, Treasury Bill issuance, redemption management, and temporary cash-flow support.
Government market borrowing for the second half of FY 2026-27 is to be raised through weekly auctions of dated securities, including Sovereign Green Bonds, across maturities from 3 to 50 years. Debt-management measures include switching and buyback operations to smooth the redemption profile and a greenshoe option for additional subscriptions. Treasury Bills are to be issued through weekly auctions in 91-day, 182-day and 364-day maturities. The Ways and Means Advances limit is fixed to address temporary mismatches in government accounts.
September 25, 2026
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GI-tagged agricultural exports expand farmer access to international markets through FPO-led value chains and higher price realisation.
APEDA facilitated the export of a one-metric-tonne consignment of GI-tagged Gulbarga Tur Dal from Karnataka to the Maldives through an FPO-led brand. Gulbarga Tur Dal has held GI registration since 2019. The export-linked channel provides farmers a realisation of Rs.82 per kg compared with a prevailing market price of Rs.60 per kg, while supporting closer integration of FPOs and farmers into export-oriented supply chains.
September 25, 2026
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Trader welfare policy discussions covered GST reform, digital commerce, finance access, export promotion, and coordinated institutional support.
Deliberations covered GST rationalisation, refund delays, audit duration, amnesty schemes, input tax credit anomalies and pending appeals, alongside proposed inclusion of traders in MSME facilitation committees, a centralised loan portal with a 30-day timeline, CIBIL score reforms and grievance helplines. Trader welfare measures considered timely contractor payments, safeguards against technical penalties, loan-repayment flexibility during lean periods and stronger Centre-State coordination.
September 25, 2026
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Gold smuggling through powdered gold concealed in food products led to seizure and arrests under customs law.
Intelligence-led interception and baggage examination identified foreign-origin gold converted into fine powder and mixed with packaged food products of similar colour, texture and consistency. Segregation and assaying yielded 9.40 kg foreign-origin gold, which was seized under the Customs Act, 1962. Questioning linked the passengers to the same organised gold-smuggling syndicate, and they were arrested under that Act.
September 25, 2026
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Customs seizure of suspected smuggled areca nuts and restricted poppy seeds followed intelligence-led cross-border enforcement operations.
Intelligence-led customs enforcement in Mizoram and Assam resulted in seizure, under the Customs Act, 1962, of suspected foreign-origin areca nuts and poppy seeds believed on preliminary inquiry to have been smuggled from Myanmar. Searches of locked, unattended godowns near the Indo-Myanmar border recovered the commodities, while interception of two trucks carrying poppy seeds without valid import documents led to seizure of the consignments and vehicles. Four persons connected with transportation of the poppy seeds were arrested.
September 25, 2026
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Industrial control system cybersecurity certification validates system-level protection across wind farm controls, networks, and lifecycle security services.
IEC 62443-3-3 Security Level 2 certification applies to a wind farm control system covering SCADA, PPC, PLC and industrial network devices. It assesses system-level security requirements, including the interaction of components, networks and security mechanisms within an overall industrial control environment. The cybersecurity framework also spans secure development, certified core control components, system-level protection, and security integration and maintenance services across the lifecycle of wind energy technologies.
September 25, 2026
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Foreign exchange reserve composition reflects a weekly decline driven by foreign currency assets despite a modest gold increase.
India's foreign exchange reserves declined by USD 14.881 billion to USD 765.901 billion for the week ended 18 September 2026. The contraction was principally driven by a reduction in foreign currency assets, which also reflect valuation effects from movements in non-US reserve currencies. Gold reserves increased, while Special Drawing Rights decreased and the reserve position with the International Monetary Fund remained reported separately.
September 25, 2026
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Five-day banking proposal remains under consideration amid strike plans and measures for uninterrupted banking and advance disbursements.
Five-day banking remains under governmental consideration, with no Finance Ministry commitment to implementation. Unions linked the proposal to the 12th Bipartite Settlement/9th Joint Note, which contemplated extended Monday-to-Friday working hours. Family pension revision and a pension option for resignees were identified as addressed, while withdrawal of the Performance Linked Incentive scheme remains in abeyance. Public sector banks were instructed to remain open on the preceding Sunday, and central government salaries, wages and pensions were directed to be disbursed in advance.
September 25, 2026
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Alternative fuel transition promotes ethanol, electric and hydrogen mobility to reduce imports, pollution, and strengthen farm income.
Alternative-fuel and public-transport measures seek to reduce dependence on imported petroleum, curb air pollution, and support farmer income and employment. Ethanol is positioned as a farm-income source through increased demand and returns for maize growers, alongside electricity, hydrogen and waste-derived CNG. Development and introduction of flex-fuel vehicles, using engines capable of operating on ethanol, electric tractors, hydrogen-powered vehicles and hydrogen buses form part of a cleaner-mobility strategy.
September 25, 2026
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Foreign-exchange market intervention expectations supported rupee appreciation amid improved risk sentiment, while importer demand and crude prices constrained gains.
Foreign-exchange market conditions supported a 19-paise appreciation of the rupee to 95.80 against the US dollar, aided by improved global risk sentiment and expectations of Reserve Bank intervention. Dollar demand from importers, high crude prices and US dollar strength constrained gains. Lower crude prices and dollar weakness could support the rupee, while geopolitical escalation may create pressure. Market participants expected intervention if the currency weakened toward 96.
September 25, 2026
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Credit health assessment combines score, repayment history, utilisation, accounts and enquiries to support informed borrowing and profile monitoring.
Credit health is broader than a numerical credit score and encompasses the way credit has been managed over time. Credit analysis requires a combined review of the score, repayment history, credit accounts, credit utilisation, credit history and credit enquiries. A credit report may identify management of EMIs and credit-card dues, existing borrowing obligations, use of revolving credit relative to available limits, and recent lender checks associated with credit applications. Incorrect or unfamiliar entries may be reviewed and, where necessary, raised with the relevant lender or credit bureau.
September 25, 2026
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Fuel-price mitigation measures use tax reductions, targeted subsidies and energy-security policies to ease pressure on households and energy-intensive industries.
European fuel-price intervention combines targeted subsidies, fuel-tax reductions, temporary regulatory flexibilities and energy-security investment to moderate the economic effects of sharply higher gasoline and diesel prices caused by disrupted supplies. Member States have temporary discretion to grant state aid to households and energy-intensive sectors, including agriculture, transport and fishing, and limited flexibility under EU spending rules for investments that improve energy security and reduce dependence on imported fossil fuels.
September 25, 2026
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AI management certification anchors responsible lifecycle governance, transparency, accountability, security, and human oversight for agentic loyalty systems.
ISO/IEC 42001:2023 certification applies to an Artificial Intelligence Management System governing AI development, deployment, oversight and continual improvement within the GRAVTY platform. The framework supports AI-related risk management, responsible governance, transparency, accountability, security and human oversight throughout the AI lifecycle. Its scope includes supervised and unsupervised learning models and large language models supporting personalised engagement, fraud management, loyalty intelligence, autonomous decision-making, operational automation and workflow support.
September 25, 2026
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Digital warehousing controls propose electronic tracking, secure transport, monthly returns, and risk-based compliance verification for warehoused goods.
Draft Warehousing Operations Regulations, 2026 would require public and private warehouse licensees to use the electronic portal and a digital warehouse management system for receipt, storage, transfers, removals and accounting of warehoused goods. Transport would generally require a one-time-lock and transit-risk insurance, subject to specified exemptions. Licensees would verify locks and goods, report discrepancies, maintain auditable electronic records, submit monthly returns, and permit removals for home consumption or export only upon electronic clearance orders. Non-confirmation, discrepancies and contraventions would trigger information demands, risk-based verification and action under the Customs Act.
September 25, 2026
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Technology risk governance requires banks to retain accountability, test resilience, and govern artificial intelligence before scaling financial services.
Technology risk governance must treat technology architecture as a first-order enterprise risk, alongside conventional financial risks, because the availability and integrity of core banking, payments, onboarding, credit, fraud-monitoring and reporting systems determine whether customers can access essential financial services. Banks may outsource technology functions but retain accountability for access controls, concentration, recoverability, data protection and exit options. Effective resilience requires secure architecture, asset visibility, timely remediation of vulnerabilities and legacy systems, identity and access management, effective controls, third-party oversight, post-incident learning, and regular recovery testing.

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Opposition claims Sec 44(3) of DPDP Act destroys RTI, seeks repeal

April 10, 2025

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New Delhi, Apr 10 (PTI) Opposition INDIA bloc on Thursday demanded repeal of Section 44 (3) of the Digital Personal Data Protection Act (DPDP), contending that it destroys the Right to Information (RTI) Act.  Amid concerns being raised by civil society groups over the section that bars revealing personal information regarding any individual, and its impact on the RTI act, Opposition leaders alleged that the government moved certain amendments when the Act was being passed in Lok Sabha, which turned around the recommendations of the Joint Parliamentary Committee (JPC) that had examined the bill.  At a joint press conference of INDIA bloc leaders here, Congress' Gaurav Gogoi said over 120 MPs of this alliance, including Leader of the Opposition in Lok Sabha Rahul Gandhi, Samajwadi Party chief Akhilesh Yadav, CPI(M)'s John Brittas, DMK's TR Baalu, among others, have signed a joint memorandum for repeal of this section and it will be submitted to Information and Technology Minister Ashwini Vaishnaw.

Talking about the passage of the Act in Parliament in 2023, Gogoi said, "There was a JPC set up, an extensive report was presented, and subsequently the government, as it has the habit, when it is going to pass the Bill, brings certain amendments, which have fundamentally changed the nature of the JPC report." "This bill was passed when the entire country was witnessing a no-confidence motion which was brought in the context of Manipur. Therefore this important bill, which should have been deliberated and discussed upon, the government passed it and since then we have been studying the various implications of the Act and as we have understood it clearly, the recent amendments have a draconian impact on the rights of citizens and freedom of the press," he said.   The DPDP Bill, which became the Digital Personal Data Protection Act, 2023, was passed by Lok Sabha on August 7, 2023, and by Rajya Sabha on August 9, 2023. It received presidential assent on August 11, 2023.

A no-confidence motion was moved against the government in the same session, which was defeated on the floor of Lok Sabha on August 10, 2023.

He said during the recently concluded Budget session of Parliament, civil society activists reached out to various INDIA bloc leaders, and also Rahul Gandhi.

"It was decided we will raise the issue through a collective petition to the Information and Technology Minister... The DPDP Act has devastated the Right to Information Act passed by Parliament," he said.  Gogoi said he was in the JPC that examined the DPDP Bill.  "Nothing related to Section 8(1)(j) was discussed in the JPC. I have submitted a dissent note, so had colleagues of many other opposition parties. We would have included this if this had been brought in. This was in an amendment at the last stage, when the entire country was debating Manipur. So the malicious intent of the government is very clear," he said.  The press conference was attended by MM Abdulla (DMK), Priyanka Chaturvedi (Shiv Sena-UBT), John Brittas, (CPI-M), Javed Ali Khan, (SP) and Naval Kishor (RJD).

Civil rights activists have opposed Section 44 (3) of the DPDP Act that seeks to substitute Section 8 (1)(j) of the RTI Act, 2005.   Section 8(1)(j) of the RTI Act allowed withholding of personal information if its disclosure was unrelated to any public activity or interest or would result in an unwarranted invasion of privacy.

However, this restriction was subject to an important safeguard: if the Central Public Information Officer, the State Public Information Officer, or the appellate authority determined that disclosing the information served a larger public interest, it could still be made available.

Section 44 (3) of the DPDP Act amends Section 8(1)(j) of the RTI Act that allows government bodies to withhold "information which relates to personal information," with no consideration for the public interest or any other exception.  Gogoi, elaborating on it, gave an example, and said, "So tomorrow, if you want information on collapsing bridges in Bihar, and you ask for the information of the contractor, you may be denied."  "Very surreptitiously, maliciously, and mischievously, the right of citizens to information has been snatched by the DPDP Act," he alleged.  He said in the petition that the INDIA bloc parties will submit to IT Minister Vaishnaw, they have urged him to repeal the Section 44 (3).  Shiv Sena (UBT) leader Chaturvedi said it is also an attack on freedom of press.  "You are taking Right to Information towards 'road to ignorance', so that people do not get to know about any corruption. The DPDP Act in 2019 had no such provision, in 2021, after it went to the JPC, no such provision was there either. In 2023 they brought in these provisions which will make RTI null and void," she said.  SP's Javed Ali said they are appealing to the government right now, and will look at other options when the time comes.  CPI(M)'s Brittas called the RTI Act a landmark, and said, "at a stroke they have done away with the RTI act, and it will have far reaching implications for the media". PTI AO ZMN

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