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    USIBC bats for early conclusion of India-US trade deal
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    Centre to borrow Rs 7.86 lakh cr in Oct-Mar, FY27 borrowing slashed by Rs 1.2 lakh cr
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September 25, 2026
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Interest-free working capital assistance for FCV tobacco growers supports liquidity, institutional loan repayment, crop inputs, and reduced private borrowing.
A one-time, interest-free working-capital loan of Rs. 50,000 per barn is approved for FCV tobacco growers in Andhra Pradesh under the Interest-Free Working Capital Assistance Scheme. Covering about 44,000 growers, the assistance is proposed to be delivered through direct benefit transfer. It is intended to provide liquidity for household requirements, institutional loan repayment and crop inputs, while reducing dependence on private borrowing.
September 25, 2026
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Government securities auction calendar establishes retail bidding access, flexible issuance terms, greenshoe subscriptions, and periodic debt switch operations.
Each auction carries a non-competitive bidding facility, under which five per cent of the notified amount is reserved for specified retail investors. The Government may modify indicated amounts, issuance periods and maturities, and may issue instruments with non-standard maturities, floating-rate bonds or inflation-indexed bonds, having regard to governmental requirements, market conditions and other relevant factors. It may retain additional subscriptions through a greenshoe option and conduct switch or buyback auctions of dated securities.
September 25, 2026
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Market borrowing plan sets dated securities auctions, Treasury Bill issuance, redemption management, and temporary cash-flow support.
Government market borrowing for the second half of FY 2026-27 is to be raised through weekly auctions of dated securities, including Sovereign Green Bonds, across maturities from 3 to 50 years. Debt-management measures include switching and buyback operations to smooth the redemption profile and a greenshoe option for additional subscriptions. Treasury Bills are to be issued through weekly auctions in 91-day, 182-day and 364-day maturities. The Ways and Means Advances limit is fixed to address temporary mismatches in government accounts.
September 25, 2026
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GI-tagged agricultural exports expand farmer access to international markets through FPO-led value chains and higher price realisation.
APEDA facilitated the export of a one-metric-tonne consignment of GI-tagged Gulbarga Tur Dal from Karnataka to the Maldives through an FPO-led brand. Gulbarga Tur Dal has held GI registration since 2019. The export-linked channel provides farmers a realisation of Rs.82 per kg compared with a prevailing market price of Rs.60 per kg, while supporting closer integration of FPOs and farmers into export-oriented supply chains.
September 25, 2026
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Trader welfare policy discussions covered GST reform, digital commerce, finance access, export promotion, and coordinated institutional support.
Deliberations covered GST rationalisation, refund delays, audit duration, amnesty schemes, input tax credit anomalies and pending appeals, alongside proposed inclusion of traders in MSME facilitation committees, a centralised loan portal with a 30-day timeline, CIBIL score reforms and grievance helplines. Trader welfare measures considered timely contractor payments, safeguards against technical penalties, loan-repayment flexibility during lean periods and stronger Centre-State coordination.
September 25, 2026
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Gold smuggling through powdered gold concealed in food products led to seizure and arrests under customs law.
Intelligence-led interception and baggage examination identified foreign-origin gold converted into fine powder and mixed with packaged food products of similar colour, texture and consistency. Segregation and assaying yielded 9.40 kg foreign-origin gold, which was seized under the Customs Act, 1962. Questioning linked the passengers to the same organised gold-smuggling syndicate, and they were arrested under that Act.
September 25, 2026
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Customs seizure of suspected smuggled areca nuts and restricted poppy seeds followed intelligence-led cross-border enforcement operations.
Intelligence-led customs enforcement in Mizoram and Assam resulted in seizure, under the Customs Act, 1962, of suspected foreign-origin areca nuts and poppy seeds believed on preliminary inquiry to have been smuggled from Myanmar. Searches of locked, unattended godowns near the Indo-Myanmar border recovered the commodities, while interception of two trucks carrying poppy seeds without valid import documents led to seizure of the consignments and vehicles. Four persons connected with transportation of the poppy seeds were arrested.
September 25, 2026
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Industrial control system cybersecurity certification validates system-level protection across wind farm controls, networks, and lifecycle security services.
IEC 62443-3-3 Security Level 2 certification applies to a wind farm control system covering SCADA, PPC, PLC and industrial network devices. It assesses system-level security requirements, including the interaction of components, networks and security mechanisms within an overall industrial control environment. The cybersecurity framework also spans secure development, certified core control components, system-level protection, and security integration and maintenance services across the lifecycle of wind energy technologies.
September 25, 2026
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Foreign exchange reserve composition reflects a weekly decline driven by foreign currency assets despite a modest gold increase.
India's foreign exchange reserves declined by USD 14.881 billion to USD 765.901 billion for the week ended 18 September 2026. The contraction was principally driven by a reduction in foreign currency assets, which also reflect valuation effects from movements in non-US reserve currencies. Gold reserves increased, while Special Drawing Rights decreased and the reserve position with the International Monetary Fund remained reported separately.
September 25, 2026
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Five-day banking proposal remains under consideration amid strike plans and measures for uninterrupted banking and advance disbursements.
Five-day banking remains under governmental consideration, with no Finance Ministry commitment to implementation. Unions linked the proposal to the 12th Bipartite Settlement/9th Joint Note, which contemplated extended Monday-to-Friday working hours. Family pension revision and a pension option for resignees were identified as addressed, while withdrawal of the Performance Linked Incentive scheme remains in abeyance. Public sector banks were instructed to remain open on the preceding Sunday, and central government salaries, wages and pensions were directed to be disbursed in advance.
September 25, 2026
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Alternative fuel transition promotes ethanol, electric and hydrogen mobility to reduce imports, pollution, and strengthen farm income.
Alternative-fuel and public-transport measures seek to reduce dependence on imported petroleum, curb air pollution, and support farmer income and employment. Ethanol is positioned as a farm-income source through increased demand and returns for maize growers, alongside electricity, hydrogen and waste-derived CNG. Development and introduction of flex-fuel vehicles, using engines capable of operating on ethanol, electric tractors, hydrogen-powered vehicles and hydrogen buses form part of a cleaner-mobility strategy.
September 25, 2026
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Foreign-exchange market intervention expectations supported rupee appreciation amid improved risk sentiment, while importer demand and crude prices constrained gains.
Foreign-exchange market conditions supported a 19-paise appreciation of the rupee to 95.80 against the US dollar, aided by improved global risk sentiment and expectations of Reserve Bank intervention. Dollar demand from importers, high crude prices and US dollar strength constrained gains. Lower crude prices and dollar weakness could support the rupee, while geopolitical escalation may create pressure. Market participants expected intervention if the currency weakened toward 96.
September 25, 2026
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Credit health assessment combines score, repayment history, utilisation, accounts and enquiries to support informed borrowing and profile monitoring.
Credit health is broader than a numerical credit score and encompasses the way credit has been managed over time. Credit analysis requires a combined review of the score, repayment history, credit accounts, credit utilisation, credit history and credit enquiries. A credit report may identify management of EMIs and credit-card dues, existing borrowing obligations, use of revolving credit relative to available limits, and recent lender checks associated with credit applications. Incorrect or unfamiliar entries may be reviewed and, where necessary, raised with the relevant lender or credit bureau.
September 25, 2026
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Fuel-price mitigation measures use tax reductions, targeted subsidies and energy-security policies to ease pressure on households and energy-intensive industries.
European fuel-price intervention combines targeted subsidies, fuel-tax reductions, temporary regulatory flexibilities and energy-security investment to moderate the economic effects of sharply higher gasoline and diesel prices caused by disrupted supplies. Member States have temporary discretion to grant state aid to households and energy-intensive sectors, including agriculture, transport and fishing, and limited flexibility under EU spending rules for investments that improve energy security and reduce dependence on imported fossil fuels.
September 25, 2026
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AI management certification anchors responsible lifecycle governance, transparency, accountability, security, and human oversight for agentic loyalty systems.
ISO/IEC 42001:2023 certification applies to an Artificial Intelligence Management System governing AI development, deployment, oversight and continual improvement within the GRAVTY platform. The framework supports AI-related risk management, responsible governance, transparency, accountability, security and human oversight throughout the AI lifecycle. Its scope includes supervised and unsupervised learning models and large language models supporting personalised engagement, fraud management, loyalty intelligence, autonomous decision-making, operational automation and workflow support.
September 25, 2026
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Digital warehousing controls propose electronic tracking, secure transport, monthly returns, and risk-based compliance verification for warehoused goods.
Draft Warehousing Operations Regulations, 2026 would require public and private warehouse licensees to use the electronic portal and a digital warehouse management system for receipt, storage, transfers, removals and accounting of warehoused goods. Transport would generally require a one-time-lock and transit-risk insurance, subject to specified exemptions. Licensees would verify locks and goods, report discrepancies, maintain auditable electronic records, submit monthly returns, and permit removals for home consumption or export only upon electronic clearance orders. Non-confirmation, discrepancies and contraventions would trigger information demands, risk-based verification and action under the Customs Act.
September 25, 2026
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Technology risk governance requires banks to retain accountability, test resilience, and govern artificial intelligence before scaling financial services.
Technology risk governance must treat technology architecture as a first-order enterprise risk, alongside conventional financial risks, because the availability and integrity of core banking, payments, onboarding, credit, fraud-monitoring and reporting systems determine whether customers can access essential financial services. Banks may outsource technology functions but retain accountability for access controls, concentration, recoverability, data protection and exit options. Effective resilience requires secure architecture, asset visibility, timely remediation of vulnerabilities and legacy systems, identity and access management, effective controls, third-party oversight, post-incident learning, and regular recovery testing.

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Customs & Trade

Numbers that matter from first 100 days of Trump's second term

April 29, 2025

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Washington, Apr 29 (AP) President Donald Trump's first 100 days back in the White House have been a demolition job — and that's a point of pride for his administration.

For the Republican administration, the raw numbers on executive actions, deportations, reductions in the federal workforce, increased tariff rates and other issues point toward a renewed America.

To Trump's critics, though, he's wielding his authority in ways that challenge the Constitution's separation of powers and pose the risk of triggering a recession.

From executive orders to deportations, some defining numbers from Trump's first 100 days: Roughly 140 executive orders In just 100 days, Trump has nearly matched the number of executive orders that his predecessor, Democrat Joe Biden, signed during the previous four years, 162. Trump, at roughly 140, is essentially moving at a pace not seen since Franklin Delano Roosevelt's presidency, when the Great Depression necessitated urgent action.

But the number alone fails to capture the unprecedented scope of Trump's actions. Without seeking congressional approval, Trump has used his orders and directives to impose hundreds of billions of dollars annually in new import taxes and reshape the federal bureaucracy by enabling mass layoffs.

John Woolley, a professor at the University of California, Santa Barbara and co-director of the American Presidency Project, sees “very aggressive assertions of presidential authority in all kinds of ways” that are far more audacious than anything done by former presidents.

That includes Biden's student debt forgiveness program and Barack Obama's decision to allow residency for immigrants who arrived in the country illegally as children.

“None of those had the kind of arbitrary, forceful quality of Trump's actions,” Woolley said.

145 per cent tariff rate on China Trump's tariff agenda has unnerved the global economy. He's gone after the two biggest US trade partners, Mexico and Canada, with tariffs of as much as 25 per cent for fentanyl trafficking.

He's put import taxes on autos, steel and aluminum. On his April 2 “Liberation Day”, he slapped tariffs on dozens of countries that were so high that the financial markets panicked, causing him to pull back and set a 10 per cent baseline tax on imports instead to allow 90 days of negotiations on trade deals.

But that pales in comparison to the 145 per cent tariff he placed on China, which prompted China to fight back with a 125 per cent tax on US goods.

There are exemptions to the US tariffs for electronics. But inflationary pressures and recession fears are both rising as a trade war between the world's two largest economies could spiral out of control in dangerous ways.

The US president has said that China has been talking with his administration, but he's kept his description of the conversations vague. The Chinese government says no trade negotiations of any kind are underway. Trump is banking on the tariffs raising enough revenue for him to cut taxes, even as he simultaneously talks up the prospect of an agreement.

So far, despite the economic risks, the Trump team shows little desire to budge, even as the president claims a deal with China will eventually happen.

“I believe that it's up to China to de-escalate because they sell five times more to us than we sell to them,” Treasury Secretary Scott Bessent told CNBC on Monday.

More than 10,000 square miles of Crimea Trump said during his presidential campaign that he could quickly defuse the Russian-started war in Ukraine. But European allies and others say the US president's statements about how to end the war reflect a troubling affinity for Russian leader Vladimir Putin.

Trump's peace proposal says that Ukraine must recognise Russian authority over the more than 10,000 square miles of the Crimean Peninsula.

Ukrainian President Volodymr Zelenskyy rejected the idea out of hand: “There is nothing to talk about — it is our land, the land of the Ukrainian people.” The US president is essentially asking Ukraine to surrender any claims to a land mass slightly larger than Maryland. Russia annexed the area in 2014 when Obama was president, and Trump says he's simply being realistic about its future.

The four meetings that Trump's envoy, Steve Witkoff, has had with Putin have yet to produce a trustworthy framework for the deal that Trump wants to deliver.

After recent Russian missile attacks on Ukrainian cities and towns, Trump posted on social media that perhaps Putin “doesn't want to stop the war, he's just tapping me along”.

Over 2,000 more Palestinians in Gaza dead Trump was eager to take credit for an “epic ceasefire” agreement in the Israel-Hamas War in order to restart the release of hostages taken in Hamas' October 7, 2023, attack. But the ceasefire ended in March, and more than 2,000 Palestinians have died since the temporary truce collapsed. Palestinian officials have put the total number of deaths above 52,200. Food, fuel and medicine have not entered the Gaza Strip for almost 60 days.

Trump said in February that he would remove the Palestinians from the Gaza Strip and relocate them elsewhere, suggesting that the United States could take over the area, level the destroyed buildings and construct a luxurious “Riviera of the Middle East”.

Roughly 280,000 federal job losses The Department of Government Efficiency, led by tech billionaire and adviser Elon Musk, is dramatically shrinking the government workforce. Across all agencies, there have been about 60,000 firings, including at the IRS, which might make it harder to collect taxes and reduce the budget deficit.

Another 75,000 federal workers accepted administration buyout offers. And the Trump administration has floated at least another 145,000 job cuts.

Those estimated job losses don't include the possible layoffs and hiring freezes at nonprofits, government contractors and universities that had their federal funding frozen by the Trump administration.

The federal government had about 3 million federal employees, including at the US Postal Service, when Trump became president, according to the Labour Department.

139,000 deportations The Trump administration says it has deported 139,000 people who were in the United States without proper legal authority. Trump's first months also have produced a sharp drop in crossings at the Southwest border, with Border Patrol tracking 7,181 encounters in March, down from 137,473 the same month last year.

Deportations have occasionally lagged behind Biden's numbers, but Trump officials reject the comparison as not “apples to apples” because fewer people are crossing the border now.

The administration maintains that it's getting rid of violent and dangerous criminals. But many migrants who assert their innocence have been deported without due process.

In April, the Supreme Court directed the Trump administration to “facilitate” the return to the US of Kilmar Abrego Garcia, an El Salvador citizen who was deported to his home country. Abrego Garcia had been living in Maryland and had an immigration court order preventing his deportation to his native country over fears he would face persecution from local gangs. So far, Abrego Garcia remains held in a Salvadoran prison.

Trump said last week that he won the presidential election on the promise of deportations and that the courts are interfering with his efforts.

“We're getting them out, and a judge can say, No, you have to have a trial,'" Trump said. "The trial's going to take two years, and now we're going to have a very dangerous country if we're not allowed to do what we're entitled to do.” (AP) PY PY

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