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    GST Council to take a view on GST on UPI MDR: Sources
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    India's Russian oil imports hold near 1.8 million bpd as Middle East fills gaps
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September 24, 2026
Show AI Summary
Merchant discount rate on UPI merchant payments may be treated as a taxable payment settlement service with input credit availability.
GST treatment of MDR charged on UPI merchant payments above Rs 2,000 is to be considered by the GST Council. The MDR framework imposes a merchant-borne charge for payment processing and settlement. As these activities are services, MDR may attract GST at 18 per cent, subject to the Council's view. Merchants paying GST on MDR may claim input tax credit, potentially reducing their net tax burden.
September 24, 2026
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Fiscal responsibility limits frame cautions on new projects as budgetary discipline rather than financial crisis.
Finance-department advice treats fiscal indicators as grounds for restraint in approving additional expenditure rather than as evidence that funds are unavailable. Funding new projects may be difficult until additional resources are mobilised or allocations already approved are reallocated. Project proposals lacking budgetary provision or earmarked funding may create cash-flow pressures and fiscal-management challenges, requiring deferment until resources are finalised.
September 24, 2026
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Corporate document forgery allegations trigger investigation into unauthorised insolvency consortium participation and disputed share transfers.
An FIR concerns alleged cheating, forgery, criminal conspiracy, corporate-document misuse, and unauthorised financial liabilities arising from participation in a corporate insolvency resolution process. Allegations include entering a consortium arrangement without the Parekh Group's knowledge or authorisation, reliance on a fabricated and unapproved board resolution, and unauthorised transfer of shares to a group-controlled entity. Investigation covers disputed-record authenticity, alleged digital-signature misuse, and financial transaction trails.
September 24, 2026
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Energy security shapes continued Russian crude sourcing as alternative suppliers replace shortfalls amid potential sanctions-related restrictions.
Russian crude imports are operating near 1.8 million barrels daily in September, with refinery maintenance, stronger Chinese buying, and disruptions to Russian export infrastructure constraining availability. Middle Eastern supply, especially from Iraq and Saudi Arabia, has offset reduced Russian volumes. Potential tougher restrictions on countries purchasing Russian oil could complicate procurement, but energy security and tight physical oil markets make a significant near-term reduction in Russian crude purchases unlikely. Replacement remains technically possible but may raise procurement costs and competition for medium-grade crude.
September 24, 2026
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Direct tax payment gateway integration enables nationwide payments through digital options, branch channels, and customers' respective internet-banking services.
IDFC FIRST Bank's payment-gateway integration for Central Board of Direct Taxes collections enables Direct Tax payments through UPI, credit cards, debit cards, Retail and Corporate Internet Banking, and branch-based cheque, demand draft, or cash payments. Customers of other banks may use their own internet-banking facilities through the gateway. Taxpayers create a challan on the Income Tax e-Filing Portal, select Payment Gateway and IDFC FIRST Bank, choose a payment mode, complete payment, and download or print the paid challan. Payment confirmations are also accessible.
September 24, 2026
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Insurance distribution controls target commissions, expenses and loan-linked sales, reshaping bancassurance arrangements and intermediary remuneration structures.
IRDAI's consultation proposals for insurance distribution contemplate lower Expenses of Management limits, tighter commission controls, and greater control over loan-linked insurance practices. The prospective framework concerns insurer and intermediary remuneration, distribution expenses, and bancassurance fee structures. Reported concerns centre on potential effects on insurer earnings, intermediary economics, and lending-linked distribution arrangements; the measures are not described as final operative obligations or enforcement action.
September 24, 2026
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Personal loan eligibility and repayment planning: loan variants and digital applications remain subject to assessment, verification, and applicable terms.
Eligible customers may seek collateral-free personal loans within stated amount, tenure and interest-rate ranges. Loan amount, interest rate and tenure determine the EMI and total interest payable, while calculator results are estimates rather than final repayment obligations. Eligibility includes nationality, age, employment and credit-score conditions, but approval, final pricing and loan amount remain subject to lender assessment, document verification and applicable terms. Online applications require personal, financial and employment details and KYC verification.
September 24, 2026
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Nidhi company deposits lack insurance protection, requiring verification of government declaration before relying on high-return promises.
Each company seeking to function as a Nidhi must file Form NDH-4 for declaration or updated Nidhi status and comply with the Companies Act, 2013 and applicable Nidhi Rules. Nidhi companies may accept deposits and grant loans only to members. Public investors should verify declared Nidhi status rather than rely on unusually high-return promises, agent representations, or informal assurances. Deposits with Nidhi companies are not insured by the Deposit Insurance and Credit Guarantee Corporation, and recovery may be difficult where a company fails or fraud occurs.
September 24, 2026
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FCNR(B) liquidity deployment remains within banks' discretion, guided by credit pipelines, asset-liability positions, and prudent underwriting standards.
Banks retain full discretion to deploy liquidity mobilised through FCNR(B) deposits, based on their credit pipeline, lending proposals, liquidity outlook and asset-liability position. No sector-specific direction applies to use of these funds. FCNR(B) deposits are fixed-term foreign-currency deposits in which principal and interest are repayable in the same foreign currency, protecting non-resident depositors from direct rupee exchange-rate risk. Continued prudent credit appraisal and underwriting standards are expected.
September 24, 2026
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Compulsory Muslim marriage registration shifts registration to registrars under a statewide procedural framework, with local officials authorised when needed.
Compulsory registration of Muslim marriages will operate under the Assam Muslim Marriage Registration (Compulsory) Rules, 2026, framed under the Assam Compulsory Registration of Muslim Marriage and Divorces Act, 2024. Registration will be undertaken by registrars, with panchayat-level officials potentially authorised where application volumes require additional capacity. The framework addresses the registration forum after kazis were barred from registering Muslim marriages.
September 24, 2026
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Macroeconomic resilience supports fiscal consolidation, financial-sector stability, and orderly foreign-exchange management through persistent global and market shocks.
Policy management emphasises clear communication, policy certainty, macroeconomic and financial-sector stability, efficient use of buffers, and sustained structural reform. Fiscal prudence is treated as necessary to avoid unsustainable stimulus and preserve long-term stability. External-sector resilience rests on services exports and remittances, while oil and gold shocks and weaker capital inflows have created temporary balance-of-payments pressure. Further improvement is linked to lower oil dependence, export diversification, trade agreements, capital inflows and orderly foreign-exchange market management.
September 24, 2026
Show AI Summary
Software export growth strengthens IT ecosystem as campus expansion supports startup activity, infrastructure development, and skilled employment.
Software export revenue generated by Technopark reached Rs 17,092 crore in FY 2025-26, reflecting year-on-year growth of approximately 17.3 per cent. Growth is attributed to IT infrastructure, a skilled talent base, and company performance. Technopark also operates as an IT and ITeS hub and startup ecosystem centre, with ongoing campus development intended to expand its position among major IT hubs.
September 24, 2026
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Artificial intelligence centre of excellence partnership advances industry-aligned training, supervised internships, startup mentorship, and applied research collaboration.
IIEST Shibpur and Tata Consultancy Services have entered into a Memorandum of Understanding to establish an Artificial Intelligence Centre of Excellence at the Electrical Engineering Department's high-performance computing laboratory. The collaboration supports industry-aligned training, professional certifications, practical projects, supervised internships, startup mentorship, curriculum benchmarking, and applied research in natural language processing, computer vision, image processing, and advanced data analytics.
September 24, 2026
Show AI Summary
Money-laundering searches prompt protests over alleged political misuse while operations continue at public development offices and residences.
Enforcement Directorate search and survey operations connected with a money-laundering investigation continued at development authority offices and premises linked with housing administration, a realty company, and private residences. AAP workers protested against the searches, alleging political and administrative pressure through central investigative agencies. The party further alleged that the operations could disrupt the development authority's functioning and impede Punjab government welfare schemes.
September 24, 2026
Show AI Summary
Money-laundering investigation procedure raises allegations over FIR registration, conflict concerns, and the choice between police, vigilance, or federal inquiry.
A police inquiry, rather than a Vigilance inquiry, was directed following an Enforcement Directorate communication seeking registration of an FIR for cognizable offences. It was contended that FIR registration should be dealt with by the police and that governmental or ministerial intervention would raise concerns where a person facing allegations is involved in deciding the investigative course. A transfer to a federal investigative agency was sought on grounds of investigative independence and perceived conflict of interest.
September 24, 2026
Show AI Summary
Trade truce extension maintains tariff pauses and export-restriction rollbacks while negotiations continue on broader economic commitments.
United States-China trade relations may remain governed by the Busan Agreement through January 10 under a stated two-month extension, though Chinese official confirmation is pending. The arrangement maintains pauses on elevated tariffs and prior rollbacks of restrictions affecting critical minerals and high-technology exports. Negotiations may produce a broader economic package or further continuation of existing terms, while implementation of agreed commitments is under review. The parties have also proposed reciprocal alerts on AI-related hacking incidents involving national-security concerns.
September 24, 2026
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Gold Smuggling Enforcement: Concealed foreign-origin gold recovered from vehicles and a traveller, with arrests under customs law.
Gold-smuggling enforcement involved the seizure of approximately 21 kg of foreign-origin gold in two operations and the arrest of five persons under the Customs Act, 1962. Gold bars were recovered from sophisticated vehicle-chassis cavities, while gold bars and cut pieces were recovered from a passenger's specially designed cotton waist belt. The operations concerned suspected cross-border gold movement and targeted organised smuggling networks using sophisticated concealment methods.
September 24, 2026
Show AI Summary
Cross-border gold smuggling enforcement resulted in Customs Act seizures after coordinated recovery of foreign-origin gold from border locations and a passenger.
Cross-border smuggling of foreign-origin gold through the Bangladesh route led to coordinated recoveries and seizures under the Customs Act, 1962. Gold recovered near the India-Bangladesh border was taken over for customs proceedings, including a seizure under Section 110. Foreign-origin gold concealed by a train passenger was also recovered and seized, with investigation indicating its smuggling from Bangladesh.
September 24, 2026
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BRICS tax cooperation creates standing platforms for international taxation, revenue statistics, professional capacity building and peer learning.
India-led BRICS tax cooperation established standing Working Groups on International Taxation and Transfer Pricing and Revenue Statistics, providing institutional platforms extending beyond individual Chairships. It also institutionalised an annual Young Tax Professionals Capacity Building Programme, launched the BRICS Tax Cross-Learning Lab for peer learning on client-centric administration and human-resources practices, and approved the Terms of Reference for the BRICS Tax Support Network.
September 24, 2026
Show AI Summary
Wildlife trafficking enforcement applies protected-species safeguards to seized Tokay Geckos and enables further statutory action against suspected illegal trade.
Wildlife-trafficking enforcement led to interception of two persons and seizure of 86 live Tokay Geckos under the Wildlife (Protection) Act, 1972. Tokay Geckos receive Schedule I protection under that legislation and are listed in Appendix II of CITES, regulating international trade. The persons and recovered geckos were transferred to the Mariani Range Forest Office for further action.

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Experience the Power of Hi-Tech Home Automations Designed to Elevate Smart Living: Smart Home Expo 2025

April 24, 2025

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Mumbai, Maharashtra, India: Business Wire India In the recent years, the Indian lifestyle experiences have been transformed with modern architecture, luxurious real estate, minimal interiors and product design innovations. A lot of enhancements in lifestyle are intertwined with technology that enhances comfort, security and convenience. In India, where the desire for sophisticated, intelligent homes is growing, smart living is no longer a trend but a new standard for high-end connected living. With this backdrop, the upcoming Mumbai edition of Smart Home Expo 2025 is geared up to bring forward 400+ leading Indian and international brands who will showcase innovations right from smart switches to home and building automation systems, pioneering audio-visual solutions, smart lighting as well as next-gen consumer electronics. The expo will take place from 8 – 10 May 2025 at Jio World Convention Centre and is jointly organised by Messe Frankfurt Trade Fairs India Pvt Ltd and World Media Expo LLP.

From voice-controlled lighting to fingerprint door locks and fully automated entertainment systems, the future of home living is becoming smarter, safer and more stylish than ever. Offering a glimpse into this world of intelligent living, Smart Home Expo in its 6th edition will bring together 400+ leading brands showcasing the latest in smart home technology, automation systems, security devices, audio-visual innovations and solutions that are energy-efficient. The expo will draw interior designers, architects, tech lovers and lifestyle enthusiasts alike.

As Indian homes evolve, there is a growing demand for smart solutions that bring convenience, security and luxury together. Products on display will range from Wi-Fi-enabled switches and remote-controlled blinds to mood-based lighting, smart alarm and security systems, immersive home theatres, advanced audio-video systems and much more. The expo will feature companies like ABB, ADI-Snapone, Basalte, CP Plus, Denon, Havells, Marvel Décor, RTI, Rako Control, Schneider Electric, Sonos and more.

Driven by urbanisation, higher disposable incomes and rising consumer awareness about home automation - the industry is only here to grow. With this backdrop, India’s smart home market is projected to grow at a CAGR of 16.9% till 2028, making it one of the fastest-growing segments globally as per a report by Research and Markets.

Ahead of the show, Mr Raj Manek, Executive Director & Board Member, Messe Frankfurt Asia Holdings Ltd, expressed: "India’s smart home market is poised for a significant growth and Smart Home Expo plays a vital role in driving this transformation. This platform brings industry leaders together to collaborate, innovate and address key challenges—from affordability to cybersecurity. Today, the focus is on making smart home solutions more accessible and strategising ways to penetrate every household. I am certain that Smart Home Expo will present the innovations for the future encouraging the visitors to gain valuable insights, experience advanced products and develop meaningful connections at the show.” Expressing his thoughts on the same, Mr Sandeep Singh, Exhibition Director, World Media & Expo LLP, added: “Smart Home Expo has witnessed exponential growth over the years—not just in the number of participating brands but also in the quality and volume of business visitors. With over 400 leading Indian and global brands now showcasing their innovations, the event has truly become a benchmark for the industry. This impressive rise is closely tied to India’s booming real estate sector, which has significantly fuelled the demand for smart home technology and custom home solutions across the country.” Prior to the show, a survey conducted with the participating companies in the expo, presents some important highlights as below: Demand Drivers for Smart Home Products Convenience and automation, luxury living, security and surveillance, compatibility with other devices and aesthetics.

Trends to dominate in the next 5 years AI-driven smart homes, voice & gesture-controlled interfaces, energy-efficient & sustainable solutions, interconnected IoT ecosystems, health-focused smart home tech.

Audio Video (AV) trends for smart homes offering enhanced experience, wireless & multi-room audio solutions, ultra HD, 8K & micro-LED Displays, AV over IP & cloud-based streaming, immersive 3D & spatial audio, smart AV integration with IoT, personalised & AI-optimised audio, hi-res & lossless audio streaming, AI-enhanced AV calibration & optimisation, outdoor & garden entertainment systems.

Smart lighting solutions with AI-driven predictive lighting, human-centric lighting remote & voice-controlled smart lighting, energy-efficient & sustainable lighting, high-end aesthetic & architectural lighting for projects.

Security technologies and growing solutions for Personalised access for guests and staff, ultra-HD and AI-enhanced smart cameras, multi-factor authentication for home entry, two-way video intercoms, fire, gas, and environmental hazard detection, biometric and facial recognition access control, RFID and smart keyless entry systems.

Being a highly tech-driven segment, the expo is lined up with various knowledge sessions across all three days led by industry experts that will deep-dive into topics on technologies their applications, product innovations, global trends and more.

For architecture, design and real-estate professionals searching the advanced solutions for their unique project needs, Smart Home Expo will offer a holistic experience of tech-based products redefining the Indian lifestyle – whether it is for new residential projects or renovations of existing spaces or simply finding new solutions. The range of product showcases will present solutions that can add the luxury of comfort and convenience to the fingertips of the end user, thereby enhancing one’s everyday lifestyle.

Press information and photographic material: www.smarthomeworld.in Messe Frankfurt Trade Fairs India Pvt Ltd https://www.messefrankfurt.com/frankfurt/en/press/boilerplate.html Sustainability at Messe Frankfurt https://www.messefrankfurt.com/frankfurt/en/press/boilerplate.html#sustainability About World Media and Expo LLP Founded in 2017 by seasoned professionals with a wealth of experience in the exhibitions and publishing sector, World Media and Expo LLP has rapidly grown to become a prominent player in the industry. Specializing in organizing international B2B trade fairs and publishing technology magazines, the company is based out of Mumbai, India. WME's diverse exhibition portfolio encompasses events in the following categories - Smart Home technology, Electric Vehicles, Office solutions and Cosmetic Ingredients, providing valuable platforms for industry stakeholders to connect and collaborate.

For more information, please visit our website at: https://www.worldmediaexpo.com To View the Image, Click on the Link Below: Smart Home Expo 2025 to showcase the evolving landscape of connected living – offering a front-row seat to the innovations shaping tomorrow’s lifestyle.

(Disclaimer: The above press release comes to you under an arrangement with Business Wire India and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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