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    IDFC FIRST Bank enables Direct Tax payments through UPI, cards, net banking and branches
    Sensex slumps 1,248 pts as IRDAI proposal hits financial shares; rising crude, US yields weigh
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September 24, 2026
Show AI Summary
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
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
Show AI Summary
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
Show AI Summary
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.
September 24, 2026
Show AI Summary
Restricted firecracker imports concealed through misdeclaration trigger seizure and criminal investigation under customs enforcement law.
Concealment of restricted firecrackers within an import container declared as bottles and wallpaper resulted in customs seizure under the Customs Act, 1962. Firecracker imports are restricted under the Foreign Trade Policy and require valid Directorate General of Foreign Trade authorisation and a Petroleum and Explosives Safety Organisation licence under the Explosives Rules, 2008. Investigation into attempted clandestine clearance led to the arrest under the Customs Act of a key syndicate member alleged to have orchestrated the import.
September 24, 2026
Show AI Summary
Merger-control approval permits FIHM's phased acquisition of IIFL Capital Services equity through subscription, open offer and promoter purchase.
Merger-control approval permits FIHM to acquire certain additional equity share capital of IIFL Capital Services through a preferential issue on a private-placement basis and through shares tendered in a mandatory open offer. FIHM may also buy shares from the target's promoters if its aggregate shareholding with HWIC remains below the Target Shareholding after these steps.
September 24, 2026
Show AI Summary
Full ownership acquisition in beauty and personal care receives competition approval for skin care and hair care operations.
Competition approval covers L'Ore al India Private Limited's acquisition of the entire shareholding in Onesto Labs Private Limited. The proposed combination concerns India's beauty and personal care sector and places the Target under the Acquirer's full ownership. Both entities operate in beauty and personal care products, including skin care and hair care.
September 23, 2026
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Advance disbursement of central government pay addresses anticipated banking disruption, with subsequent adjustment against the following month's entitlements.
Advance disbursement of September 2026 salary, wages and pensions is authorised on 25 September for central government employees, industrial employees and pensioners because of the proposed bank strike. Payments constitute advance payments and must be adjusted after full monthly entitlements are determined, with any adjustment made from October salary or wages. End-of-month banking transactions should, where feasible, be processed in advance.

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In first 100 days, Trump struggles to make good on promises to quickly end Ukraine, Gaza wars

April 28, 2025

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Washington, Apr 28 (AP) Ahead of his second go-around in the White House, President Donald Trump spoke with certainty about ending Russia's war in Ukraine in the first 24 hours of his new administration and finding lasting peace from the devastating 18-month conflict in Gaza.

But as the Republican president nears the 100th day of his second term, he's struggling to make good on two of his biggest foreign policy campaign promises and is not taking well to suggestions that he's falling short.

And after criticising President Joe Biden during last year's campaign for preventing Israel from carrying out strikes on Iranian nuclear sites, Trump now finds himself giving diplomacy a chance as he tries to curb Tehran's rapidly advancing nuclear programme.

“The war has been raging for three years. I just got here, and you say, 'What's taken so long?'” Trump bristled, when asked about the Ukraine war in a Time magazine interview about his first 100 days. As for the Gaza conflict, he insisted the October 7 attack by Hamas in 2023 that triggered the war "would have never happened. Ever. You then say, What's taking so long?'" Measuring a US president by his first 100 days in office is an arbitrary, albeit time-honoured, tradition in Washington. And brokering peace deals between intractable warring parties is typically the work of years, not weeks.

But no other president has promised to do as much out of the gate as Trump, who is pursuing a seismic makeover of America's approach to friends and foes during his second turn in the White House.

Trump has moved at dizzying speed to shift the rules-based world order that has formed the basis for global stability and security in the aftermath of World War II.

All sides have scrambled to acclimate as Trump launched a global tariff war and slashed US foreign aid all while talking up the ideas of taking Greenland from NATO ally Denmark and making Canada the 51st state.

But Trump's inability to broker deals in Ukraine and Gaza — at least to date — might be the most demonstrable evidence that his effort to quickly shake up US foreign policy through sheer will could have its limits.

And Trump hasn't obscured his frustration, particularly over the Ukraine war, which he's long dismissed as a waste of US taxpayer money and of lives lost in the conflict.

The president and his team have gone hot and cold about prospects for peace in Ukraine since Trump's Oval Office blowup with Ukrainian President Volodymyr Zelenskyy in February.

In that encounter, both Trump and Vice President JD Vance lectured the Ukrainian leader for being insufficiently grateful for US assistance in the fight to repel Russia's invading forces before asking him to leave the White House grounds.

Secretary of State Marco Rubio has warned that the White House is ready to walk away if Ukraine and Russia don't make substantial progress toward a peace deal soon.

And Trump on back-to-back days this past week lambasted Zelenskyy for “prolonging” the "killing field" and then Russian President Vladimir Putin for complicating negotiations with “very bad timing” in launching brutal strikes that pummelled Kyiv.

But by Friday, Trump was expressing optimism again after his special envoy Steve Witkoff met in Moscow with Putin. Following the talks, Trump declared that the two sides were “very close to a deal." Less than 24 hours later, Trump was once again downcast after he met with Zelenskyy on the sidelines of Pope Francis's funeral, expressing doubt in a social media post that Putin was serious about forging a deal.

“It makes me think that maybe he doesn't want to stop the war, he's just tapping me along," Trump said of Putin and Russia's ongoing bombardment of Ukraine.

Trump again expressed frustration with Putin in an exchange with reporters on Sunday evening. “I want him to stop shooting, sit down and sign a deal," Trump said. "We have the confines of a deal, I believe. And I want him to sign it and be done with it.” White House National Security Council spokesman James Hewitt said Trump remains committed to getting a deal done and is "closer to that objective than at any point during Joe Biden's presidency.” “Within 100 days, President Trump has gotten both Ukraine and Russia to the negotiating table with the aim to bring this horrific war to a peaceful resolution," Hewitt said. "It is no longer a question of if this war will end but when." Peace in Gaza remains elusive Trump started his second term with some momentum on ending the Israel-Hamas war in Gaza.

His envoy Witkoff, a fellow New York real estate maverick turned high-stakes diplomat, teamed up with the outgoing Biden Middle East adviser Brett McGurk to get Israeli and Hamas officials to agree to a temporary ceasefire deal that went into effect one day before Trump's inauguration.

On the eve of his return to office, Trump took full credit for what he called an “epic” agreement that would lead to a “lasting peace” in the Middle East.

The temporary ceasefire led to the freeing of 33 hostages held in Gaza and the release of roughly 2,000 Palestinian prisoners held by Israel.

But the truce collapsed in March, and fighting resumed, with the two sides unable to come to an agreement for the return of 59 remaining hostages, more that half of whom Israeli officials believe are dead.

Conditions in Gaza remain bleak. Israel has cut off all aid to the territory and its more than 2 million people. Israel has disputed that there is a shortage of aid in Gaza and says it's entitled to block the assistance because, it claims, Hamas seizes the goods for its own use.

Trump, as he flew to Rome on Friday for the pope's funeral, told reporters that he's pressing Israeli Prime Minister Benjamin Netanyahu “very hard” to get food and medicine into Gaza but dismissed questions about how the Israeli leader is responding to his appeal.

“Well, he knows all about it, OK?” Trump told reporters.

Hewitt, the National Security Council spokesman, pushed back on the notion that Trump has fallen short on his effort to find an endgame to the Gaza conflict, setting the blame squarely on Hamas.

“While we continue to work to secure the release of all remaining hostages, Hamas has chosen violence over peace, and President Trump has ensured that Hamas continues to face the gates of hell until it releases the hostages and disarms,” Hewitt said.

Trump's team says the president has racked up more foreign policy wins than any other US president this early in a term.

Trump hopeful for Iran nuclear deal breakthrough The White House this month also launched direct talks with Iran over its nuclear programme, a renewed push to solve another of the most delicate foreign policy issues facing the White House and the Middle East.

Trump says his administration is making progress in its effort to secure a deal with Iran to scupper Tehran's rapidly advancing nuclear programme.

Witkoff flew directly from meeting with Putin in Moscow to Muscat, Oman, to take part in talks on Saturday, the third engagement between US and Iranian officials this month.

The US and other world powers in 2015 reached a long-term, comprehensive nuclear agreement that limited Tehran's enrichment of uranium in exchange for the lifting of economic sanctions. But Trump unilaterally withdrew the US from the nuclear agreement in 2018, calling it the “worst deal ever.” Since Trump pulled out of the Obama-era deal, Iran has accelerated its production of near weapons-grade uranium.

The president said on Friday that he's open to meeting with Iranian Supreme Leader Ali Khamenei or President Masoud Pezeshkian, while also indicating military action — something that US ally Israel has advocated — remains an option.

As Trump increasingly expresses his preference for diplomacy rather than military action, Iran hawks at home are urging him to tread carefully in his hunt for a legacy-defining deal.

“The Iranians would have the talking point that they forced the same person who left the deal many years later, after them resisting maximum pressure, into an equal or worse deal,” said Behnam Ben Taleblu, senior director of the Iran programme at the Foundation for Defense of Democracies.

But Trump wants a solution, and fast.

“I think a deal is going to be made there,” Trump said Sunday "That's going to happen pretty soon.” (AP) GRS GRS

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