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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.
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
Show AI Summary
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.
September 18, 2026
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Direct tax collections reflect stronger advance tax payments, alongside increased corporate tax, securities transaction tax, and refund issuance.
Net direct-tax collections exceeded Rs 12.12 lakh crore through 17 September, reflecting 13 per cent growth following increased advance-tax receipts. Gross direct-tax collections exceeded Rs 14.32 lakh crore, while refunds exceeded Rs 2.20 lakh crore. Corporate-tax and non-corporate tax collections increased, as did Securities Transaction Tax collections. Advance-tax receipts exceeded Rs 5.22 lakh crore, comprising increased corporate advance tax and non-corporate advance tax payments.
September 18, 2026
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Upper-layer NBFC listing compliance sharpens corporate governance conflict over public accountability, shareholder liquidity, and preservation of private ownership.
Tata Sons' status as an upper-layer non-banking financial company has brought its proposed public listing into focus after the Reserve Bank of India rejected its application to voluntarily surrender core investment company registration. Tata Sons is required to take steps to comply with the enhanced regulatory framework applicable to upper-layer NBFCs, which includes stock-market listing. Classified in 2022, Tata Sons did not meet the original listing deadline and had pursued deregistration after repaying debt.

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Glowing tributes pour in from political, religious leaders for Pope Francis

April 21, 2025

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New Delhi, Apr 21 (PTI) Political and religious leaders from across the country offered glowing tributes to Pope Francis who died on Monday, hailing him for his "compassion and humility" and commitment to social justice.

Prime Minister Narendra Modi said he was deeply pained by the passing of Pope Francis, adding that he will always be remembered as a beacon of compassion and spiritual courage by millions across the world.

"In this hour of grief and remembrance, my heartfelt condolences to the global Catholic community," he said in a post on X.

"From a young age, he devoted himself towards realising the ideals of Lord Christ. He diligently served the poor and downtrodden," the prime minister said.

His affection for the people of India will always be cherished, Modi added.

External Affairs Minister S Jaishankar said the pontiff's "compassion and commitment to building a better world" defined his papacy.

Defence Minister Rajnath Singh said Francis will be remembered for his remarkable service to human society, especially the poor and the marginalised.

Expressing grief over the Pope's death, West Bengal Chief Minister Mamata Banerjee it was a loss for all of humanity.

"My heart goes out to all my fellow Christian brothers and sisters in India and the rest of the world and I feel connected with them all in a profound sense of loss and empathy," she said at an event in Paschim Medinipur.

In a post on 'X', Karnataka Chief Minister Siddaramaiah said the pontiff's life was a message of love for the poor and hope for the world.

Congress president Mallikarjun Kharge on Monday expressed sadness over the passing away of Pope Francis, whom he described as a consistent champion of inter-religious understanding and an influential force for global peace and harmony.

He was also a greatly influential force for global peace and harmony who actively supported causes like the ending of discrimination of all forms, the mitigation of economic inequalities and of collaborative endeavours to deal with the impacts of climate change," Kharge said in a statement.

Congress general secretary Priyanka Gandhi Vadra said Pope Francis "stood for truth" and spoke out "fearlessly against injustice".

He was an inspiration for those who "hope and strive for a more peaceful and kinder world", she said.

Assam Chief Minister Himanta Biswa Sarma said he was a "strong voice for the vulnerable and significant reforms in the Church.

He inspired millions, far beyond the Catholic Church, with his humility and dedication to work till his last breath," Sarma said.

Chief Minister of Christian-majority Mizoram, Lalduhoma said Francis was a global symbol of humility, compassion, and moral leadership. "May his soul rest in eternal peace," he said.

Kerala Chief Minister Pinarayi Vijayan said Francis's experiences in Argentina's Buenos Aires, where he was born, shaped his understanding of poverty, leading him to declare that "the globalisation of indifference" must be countered with active compassion for the needy.

His commitment to LGBTQIA+ rights evolved during his papacy, as he sought to foster a more inclusive Church, Vijayan said, adding that he famously stated that "everyone has dignity" regardless of sexual orientation.

Tamil Nadu Chief Minister Stalin lauded Francis as a transformative figure who led the Catholic Church with empathy and progressive values.

He was a compassionate and progressive voice who brought humility, moral courage, and a deep sense of empathy to the papacy, Stalin said.

Odisha Governor Hari Babu Kambhampati and Chief Minister Mohan Charan Majhi praised the Pope's compassion for people in distress.

"As the first Latin American leader of the Roman Catholic Church, he inspired millions across the world with his message of unity and love," Majhi said in a post on X.

Paying tribute to the Catholic leader, TMC leader Derek O'Brien said Pope Francis would always "speak up" for the right causes.

Sharing a quote of the pontiff, O'Brien posted on X, "The Church, while respecting the autonomy of political life, does not restrict her mission to the private sphere. The Church cannot and must not remain on the sidelines." Goa Chief Minister Pramod Sawant said Francis's unwavering commitment to peace, compassion, and the upliftment of humanity transcended borders and faiths".

The Catholic Bishops' Conference of India (CBCI) expressed deep sorrow and profound grief and announced that the Church in India will observe nine days of mourning and prayer.

"The Church joins millions of faithful across the world in mourning the loss of a shepherd who led the global Catholic Church with extraordinary courage, compassion, and humility," the CBCI, which is the largest Christian church body in India.

"Pope Francis promoted interfaith dialogue with humility and openness. His historic gestures of peace and mutual respect deepened understanding and solidarity among diverse religious traditions," CBCI said.

The Goa Church said while it was "sad news for the universal church" it was also "a moment of giving thanks to God" for providing the leadership of "this great man".

"God has led the church for the last almost 12 years now with the leadership of this great man, a man of god. That is why it is also a moment for the church to thank God," Fr Henry Falcao, Director of St Joseph Vaz Renewal Centre at Old Goa, told PTI.

Fr Ralin de Souza of Rector of Don Bosco, Fatorda in South Goa said the death of Pope Francis is truly a moment of big transition.

"First, he was known to be very simple. He didn't want too much protocol and I think that simplicity is a quality that stands out in him as a Christian and as a representative of Christ," de Souza said.

He was also very honest when he dealt with things, even when it came to religious leaders in the Church, de Souza said.

Mar Demetrios, President of Department of Ecumenical Relations, Malankara Orthodox Syrian Church in Delhi said, the Pope's openness to dialogue and engagement with all churches was a "true reflection of his ecumenical spirit".

Archbishop Anil Joseph Thomas Couto of the Archdiocese of Delhi remembered Pope Francis as a "warm, loving, and affectionate person" who supported people in both their joys and struggles.

The BAPS Swaminarayan Sanstha also expressed grief over the Catholic leader's death.

"His commitment to the marginalised and his call for global solidarity resonated deeply with the values we hold dear in our own tradition. We commend his endeavours to build bridges between different faiths...," Mahant Swami Maharaj said in his condolence message.

Francis, who was the first non-European Pope in nearly 1,300 years, died on Easter Monday. He was 88. The Pope was diagnosed with double pneumonia. PTI TEAM SKY SKY

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