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    Trump used to slam China. Here's why he's now rolling out the red carpet for Xi
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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.
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September 20, 2026
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Ten-year director tenure cap governs removal of ineligible cooperative bank board members after regulatory review.
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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.
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September 19, 2026
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September 19, 2026
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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.
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September 19, 2026
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Recurring token reward distributions connect eligible holdings, platform activity, and partner participation through hourly settlement cycles.
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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.
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September 19, 2026
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Zero forex markup on credit cards applies automatically to international transactions without conditions while preserving applicable rewards.
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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.
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September 18, 2026
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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.
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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.
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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.
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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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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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Plans to celebrate America's 250th anniversary were underway. Then came federal funding cuts

April 14, 2025

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Washington, Apr 14 (AP) Community celebrations being planned to commemorate the nation's 250th anniversary next year are at risk of being significantly scaled back or cancelled because of federal funding cuts under President Donald Trump's administration, according to multiple state humanities councils across the country.

The councils have been working on programming for America250, an initiative marking the milestone anniversary of the signing of the Declaration of Independence in 1776. But the Republican administration's deep cost-cutting effort across the federal government has led the National Endowment for the Humanities to cancel its grants for state humanities councils.

That has left them with less money for programming to plan for the celebration, ranging from themed K-12 school curriculums to special events at public libraries.

“I cannot imagine how we're supposed to have a national commemoration that's meaningful for people where they live without the humanities being supported,” said Gabrielle Lyon, executive director of Illinois Humanities, the state's humanities council.

“What is it going to mean for small towns and rural communities who were expecting the possibility of having grants to do special exhibits, special commemorations, their own programmes, and speakers and performers? All of that is now extremely tenuous. And those are exactly the kinds of things people have been looking forward to." Trying to reshape history The head of Washington state's humanities council said the NEH funding cuts appeared at odds with Trump's focus on the commemorations.

Earlier this year, the president signed an executive order creating a White House task force to plan a “grand celebration worthy of the momentous occasion of the 250th anniversary of American Independence”.

“The organisation that's positioned to do that for America is the National Endowment for the Humanities,” said Julie Ziegler, CEO and executive director of Humanities Washington.

The White House and the NEH did not respond to requests for comment.

America250, the initiative established by Congress to help orchestrate the commemorations, did not comment for this story.

The humanities funding cuts come as Trump has targeted cultural establishments from the Smithsonian Institution to the Institute of Museum and Library Services in executive orders.

The moves are part of his goals to downsize the federal government and end initiatives seen as promoting diversity, equity and inclusion. The order directed at the Smithsonian, for example, said it has “come under the influence of a divisive, race-centred ideology”.

To comply with the orders, federal agencies have scrubbed images and information designated as DEI material from websites pertaining to certain parts of American history. That ranges from a webpage highlighting baseball trailblazer Jackie Robinson's military service to the National Park Service removing content about Harriet Tubman and the Underground Railroad. Both were restored after a public outcry.

“I think that what's happening is the administration is trying to shape the history that we're going to tell in a way that's unprecedented,” said James Grossman, executive director of the American Historical Association.

“The expertise of professional historians is being set aside in favor of a narrow, ideologically driven idea of the American past.” DOGE places 80 per cent of NEH staff on leave State humanities councils across the country have been discussing how to present the myriad histories that make up the US for the 250th commemoration events. But leaders of those councils say the loss of money from the National Endowment for the Humanities means some events are now unlikely to take place.

The NEH is a federal agency that awards money appropriated by Congress to a variety of recipients, including state humanities councils, museums, universities and historic sites. The money supports educational programmes, research and preservation, among other things.

This month, the Trump administration's Department of Governmental Efficiency, overseen by billionaire Trump adviser Elon Musk, placed roughly 80 per cent of NEH staff members on administrative leave, according to the Federation of State Humanities Councils.

The NEH also sent letters to state humanities councils across the country saying their federal grants had been terminated. The halt in funding came during the middle of the fiscal year for thousands of organizations and is causing widespread changes in their programmes, including planning for the 250th anniversary.

Heartbreaking' budget cuts Georgia Humanities, the state's humanities council, has been planning various events for the 250th anniversary, said president Mary McCartin Wearn.

They include a statewide “digital book club" in partnership with the state's public library service, a program for speakers to travel across the state to give lectures and presentations, and a Smithsonian Institution program known as Museum on Main Street, which brings travelling exhibits to small towns and rural areas.

But the council has now lost USD 740,000 in federal funding that had been awarded to it, placing those programmes in jeopardy, said McCartin Wearn, who has been fielding calls and emails from people asking about the status of their programming for the anniversary events.

“It's really something that is heartbreaking, because it is a moment for reflection about who we are and who we want to be,” she said.

Adam Davis, executive director of Oregon Humanities, said his state had already run trainings at rural libraries and begun conversations about “freedom, equality, how we remember key events, why we monumentalise or memorialize big things, and how we should do that”.

“You can celebrate the 250th by having a commercial at the Super Bowl and waving a big flag," Davis said.

"You could also do things like get community members talking to each other about the core values in the country and what we hope for, and you can build trust and strengthen the fabric of our democracy.” Without the funding, he said, “the scale is going to be quite different”.

A diminished telling of the nation's history Miranda Restovic, president and executive director of the Louisiana Endowment for the Humanities, said the state's role in the nation's history makes the 250th anniversary “a really wonderful opportunity”.

However, the funding cuts, which amount to USD 600,000 this fiscal year, put her organisation in “contingency planning mode rather than continuing to think creatively about how we celebrate that important moment for our nation and our history”.

In a state that has shaped American history, cuisine and culture, the group's plan for the 250th anniversary was to “nudge” people around the state to design programs that would show off the distinct flavours of their communities.

“We were planning to lean into us as a grant maker and support local initiatives that celebrated the 250th so that people can tell their own story," Restovic said. "We are likely not going to be able to do that.” Brenda Thomson, executive director of Arizona Humanities, said she had been imagining dramatic readings of the Bill of Rights, theatre productions, parades, book readings and festivals as activities that communities would be putting on “with a heightened sense of pride” for the 250th anniversary.

She said the USD 1 million cut to her organization will mean curtailing those activities in a way that will not allow the telling of the nation's full story. She lamented what would be lost.

“How do you know what you're doing if you don't know where you came from," she said. (AP) PY PY

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