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    11th Meeting of National Traders’ Welfare Board Convened in New Delhi
    DRI seizes 9.40 kg foreign-origin gold worth around Rs. 15 crore at Mumbai airport; three arrested
    DRI seizes over 125,000 kg foreign-origin smuggled areca nuts and 41,000 kg poppy seeds worth around Rs. 20.31 crore in Assam and Mizoram in a crackdo...
    Envision Energy Secures TÜV SÜD Certificate for Wind Farm Control System, Strengthening Long-Term Resilience for Future Energy Systems
    India's forex reserves fall USD 14.89 bn to USD 766 bn: RBI data
    No commitment given to bank unions on 5-day work week by Finance Ministry, say sources
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    Check Credit Score and Understand Credit Health with the Bajaj Finance Credit Pulse Report
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    Loyalty Juggernaut Advances Responsible AI with ISO/IEC 42001 Certification
    Draft Warehousing Operations Regulations, 2026 - uploading on the CBIC website for inviting comments/views/suggestions from stakeholders
    From Digital Banking to Resilient Banking – Technology, Cyber Security and AI as Pillars of Trust - Address by Shri Rohit Jain, Deputy Governor at t...
    Union Minister of Commerce and Industry Shri Piyush Goyal Highlights India’s Expanding Global Economic Engagement and Growing Integration with Globa...
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    GST Council to take a view on GST on UPI MDR: Sources
    K'taka Deputy CM Parameshwara rejects Opposition's allegation of 'bankruptcy'
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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.
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.

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Trump brands his opponents as 'communists,' label loaded with baggage of American history

May 3, 2025

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Washington, May 3 (AP) For years, President Donald Trump blamed “communists” for his legal and political troubles. Now, the second Trump administration is deploying that same historically loaded label to cast his opponents — from judges to educators — as threats to American identity, culture and values.

Why? Trump himself explained the strategy last year when he described how he planned to defeat his Democratic opponent, then-Vice President Kamala Harris, in the White House election.

“All we have to do is define our opponent as being a communist or a socialist or somebody who is going to destroy our country,” he told reporters at his New Jersey golf club in August.

Trump did just that — branding Harris “comrade Kamala” — and he won in November. With the assent of more than 77 million Americans who cast ballots — 49.9 per cent of the vote — Trump is carrying that strategy into his second term.

'What he's talking about is not actually communism' In 2025, communism wields big influence in countries such as China, Vietnam, North Korea and Cuba. But not the United States.

“The core of communism is the belief that governments can do better than markets in providing goods and services. There are very, very few people in the West who seriously believe that," said Raymond Robertson of the Texas A&M University Bush School of Government & Public Service. "Unless they are arguing that the government should run US Steel and Tesla, they are simply not communists.” The word “communist,” on the other hand, can carry great emotional power as a rhetorical tool, even now. It's all the more potent as a pejorative — though frequently inaccurate, even dangerous — amid the contemporary flash of social media and misinformation.

After all, the fear and paranoia of the Russian Revolution, the “Red Scare,” World War II, McCarthyism and the Cold War are fading into the 20th century past.

But Trump, 78, and famous for labelling people he views as obstacles, remembers.

“We cannot allow a handful of communist radical-left judges to obstruct the enforcement of our laws,” Trump said Tuesday in Michigan while celebrating his first 100 days in office. The White House did not reply to a request for what Trump means when he calls someone a “communist.” The timing of his use of “communist” is worth noting.

Trump's Michigan speech came during a week of dicey economic and political news. Days earlier, The Associated Press-NORC Centre for Public Affairs published a poll showing that more Americans disagree with Trump's priorities so far than agree with them, and that many Republicans are ambivalent about his choices of focus.

After the speech, the government reported that the economy shrank during the first quarter of 2025 as Trump's tariffs disrupted business.

On Thursday, senior presidential aide Stephen Miller stepped to the White House podium and uttered the same c-word four times in about 35 minutes during a denunciation of past policies on transgender, diversity and immigration issues.

“These are a few of the areas in which President Trump has fought the cancerous, communist woke culture that was destroying this country,” Miller told reporters.

His collection of words offered a selection of clickbait for social media users, as well as terms that could catch the attention of older Americans. Voters over age 45 narrowly voted for Trump over his Democratic rivals in 2020 and 2024.

Smack in the middle of Miller's sentence: “communist.” “It tends to be a term that is loaded with negative affect, particularly for older Americans who grew up during the Cold War,” said Jacob Neiheisel, a political communications expert at the University at Buffalo.

“Appending emotionally laden terms to political adversaries is a way to minimise their legitimacy in the eyes of the public and paint them in a negative light.” 'A Red Scare'-era figure influenced a young Trump The threat that communists could influence or even obliterate the United States hovered over the country for decades and drove some of the country's ugliest chapters.

The years after World War I and the Russian Revolution in 1917, along with a wave of immigrants, led to what's known as the “Red Scare” of 1920, a period of intense paranoia about the potential for a communist-led revolution in America.

“McCarthyism” after World War II meant the hunt for supposed communists. It's named for Sen. Joseph McCarthy, the Wisconsin Republican who conducted televised hearings at the dawn of the Cold War that drove anti-communist fears to new heights with a series of threats, innuendos and untruths.

Culturally, the merest suggestion that someone was “soft” on communism could end careers and ruin lives. "Blacklists” of suspected communists proliferated in Hollywood and beyond. McCarthy fell into disgrace and died in 1957.

The senator's chief counsel during the hearings, Roy Cohn, became Trump's mentor and fixer in the 1980s and 1990s, when Trump rose as a real estate mogul in New York. The Cold War was more than three decades old. The threat of nuclear war was pervasive.

Communism started to collapse in 1989 and the Soviet Union was dissolved two years later. It's now Russia, led by President Vladimir Putin.

But communism — at least in one form — lives on in China, with which Trump is waging a trade war that could result in fewer and costlier products in the United States.

By week's end, Trump was acknowledging the potential consequences of his government stepping in: Americans might soon not be able to buy what they want, or they might be forced to pay more. He insisted China would be hurt more by the tariffs.

The real modern debate, Robertson says, is not between capitalism and communism, but about how much the government needs to step in — and when. He suggests that Trump is not really debating communism vs. capitalism anyway.

“Calling people who advocate for slightly more government involvement communists' is typical misleading political rhetoric that, unfortunately, works really well with busy voters who do not have a lot of time to think about technical definitions and economic paradigms,” he said in an email. “It is also really helpful (to Trump) because it is inflammatory, making people angry, which can be addictive."(AP) GSP

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