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September 25, 2026
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Global value chain integration advances trade partnerships, semiconductor capacity, and deep-tech innovation within broader economic engagement.
India's global economic engagement prioritises trade and economic partnerships to strengthen participation in global value chains and supply chains, facilitating cross-border movement of goods and services. The approach is linked to projected semiconductor demand and development of artificial-intelligence capabilities, alongside innovation, deep-tech startup support and private-sector space activity. The startup ecosystem is described as having expanded substantially, with current policy emphasis on deep-tech innovation and participation in global markets.
September 25, 2026
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Trade agreement review targets balanced, user-friendly, trade-facilitative rules to address asymmetries and strengthen regional commerce.
The ongoing review of the ASEAN-India Trade in Goods Agreement seeks to enhance trade flows, address trade asymmetries, and deliver a balanced, effective, user-friendly, and trade-facilitative arrangement for businesses. It forms part of India's commitment to mutually beneficial trade partnerships and regional trade arrangements.
September 24, 2026
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Portfolio management reforms broaden permitted investments, establish independent fund managers, and retain registered managers' responsibility for client portfolios.
Portfolio-management reforms replace the 2020 framework and expand investments into IPOs, primary-market debt, listed overseas equity and debt, and direct plans of Indian mutual fund schemes. Investment-grade unlisted non-convertible debt may comprise up to 10 per cent of client assets under management with client consent. Independent Fund Managers may operate with registered portfolio managers, which retain responsibility and liability. Accredited-investor eligibility is broadened, while specified compliance requirements are relaxed where adequate audit trails and internal controls exist.
September 24, 2026
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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
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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
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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
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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
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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.

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Kharge slams PM Modi for skipping all-party meet on Pahalgam attack; accuses BJP of trying to divide people

April 28, 2025

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Jaipur, Apr 28 (PTI) Congress president Mallikarjun Kharge on Monday lashed out at Prime Minister Narendra Modi for skipping the all-party meeting on the Pahalgam terror attack and accused the BJP of creating divisions in the country.

Kharge said that in this hour of crisis, everyone wants to fight together, "but the BJP wants to spread venom and divide people".

"It is the misfortune of the country.... Leaders of all parties attended the all-party meeting, but it is a matter of shame that PM Modi did not come... the country's pride was hurt, you (PM Modi) were giving an election speech in Bihar," Kharge said at the 'Samvidhan Bachao' rally here.

He said the Congress had decided to support the government in its action as the country is supreme.

"Country is supreme, then come parties and religion. Everyone should be united for the country," he said, adding that the Congress fought for the country's freedom and lakhs of people had shed their blood and devoted their lives to the cause.

"Was Bihar far away? The prime minister should have come to the all-party meeting and explained the plan. What help does he need from us?" he said.

"This is the attitude of the BJP and the prime minister. From our side, Rahul Gandhi went to Srinagar, met the injured, and spoke to the people ...

"Modi did not come to the all-party meeting, but he talks big -- about having a 56-inch chest, of taking the attack home (ghar mein ghuske marenge)," he said.

Kharge said that the country and the Constitution have to be protected. It is because of B R Ambedkar's Constitution that "even a common man like a tea seller can become the prime minister and a mill worker's son like me can become the Leader of the Opposition and the Congress President", he said.

Targeting the prime minister, he said, "Modi gave inflation and unemployment. Such people weaken the country. The 56-inch chest has shrunk." In the run-up to the 2014 Lok Sabha polls, Modi had said that it takes a 56-inch chest to convert Uttar Pradesh into Gujarat in terms of development.

Alleging misuse of investigative agencies against Congress leaders, Kharge said, "Whenever Congress grows, these people try to suppress it. We are not the ones to be suppressed." He said that BJP leaders were "trying to weaken everyone but they cannot weaken democracy by filing false cases against people".

Kharge also questioned how the RSS "made properties and buildings". "Where did they get the money to build buildings worth crores and acquire thousands of acres of land," he said.

When the Congress meeting was held in Ahmedabad, they put pressure by filing a charge sheet against Sonia Gandhi and Rahul Gandhi in the National Herald case, he claimed.

"Whenever Congress grows, they put pressure. We will not come under pressure. Indira Gandhi and Rajiv Gandhi sacrificed their lives for the country. You people have no role in independence but blame Congress for everything. You take God's name less and abuse Congress daily," he said hitting out at the ruling party.

Kharge said that in this hour of crisis, everyone wants to fight together but BJP wants to spread venom and divide people.

"This is their work. We talk about the country, they talk about dividing. We talk about uniting, they talk about breaking. On top of that, they defame us. Every day they wake up and abuse Sonia Gandhi, Rahul Gandhi, Indira Gandhi, Jawaharlal Nehru," he said.

He said that no one from the Gandhi family has become a Prime Minister, Deputy Prime Minister or Cabinet Minister since 1989.

"They (BJP leaders) talk about those (Gandhi family) who are not in power," he said.

Kharge took a swipe at the BJP for not having a majority on its own in the Lok Sabha, saying "both legs of the government were broken". "TDP became one leg and Nitish Kumar became the other leg of the government," he said.

"Food security, NREGA, rights and education are given by our government. Modi has given inflation and unemployment. Such people weaken the country.

"If you have a chance and time, then develop the country... work like Jawahar Lal Nehru and Indira Gandhi. Instead of that, you wake up and abuse us every day. These people are scared of Congress," he said.

He said that the previous Congress government in Rajasthan gave schemes like Chiranjivi health insurance cover of Rs 25 lakh but the BJP government has reduced it to Rs 5 lakh.

"They elect such a CM - if he is told to sit, he sits down and if he is told to stand up, he stands up. When our Leader of Opposition went to a temple, a BJP leader washed the temple with Ganga water. Is this what the BJP or Hinduism teaches?" he said.

He said that Dalits and backward people dig wells and ponds but are deprived of their water. They make idols from stone, but they are not allowed to touch the idols in the temple.

Kharge claimed that Modi's "12 major lies included bringing black money in 100 days, giving Rs 15 lakh to bank accounts, 2 crore jobs every year, making petrol and diesel cheaper, doubling farmers income and a guarantee of MSP".

He said that 30 lakh vacancies are lying with the government, but it is not filling them "because Dalits and backward classes will get a chance".

"If Modi had a big heart and a spirit of service, he could have done it," he said.

He said that the post of PM is that of a statesman but Modi only keeps criticising the Congress.

He said that Rahul Gandhi took out Bharat Jodo Yatra and questioned whether "there was any brave person in the BJP who walked from Kanyakumari to Kashmir, and from Manipur to Mumbai".

"When Rahul Gandhi showed his real strength, they got worried," he said.

Kharge said that nationalism is in the blood of Congress members while BJP members are "fake" people.

He alleged that Union Minister Piyush Goyal challenged the patriotism of 140 crore people in the country.

"You all have to be cautious. They can fool a few people for a few days but cannot fool all the people forever," Kharge said.

Former CM Ashok Gehlot, PCC Chief Govind Singh Dotasra, former Deputy CM Sachin Pilot and other leaders also addressed the rally held at Ramlila Maidan in Jaipur. PTI AG SDA RT RT

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