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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
    Bajaj Finance Personal Loan Offers Rs. 40,000 to Rs. 55 Lakh with Tenures up to 108 Months
    MCA issues advisory - cautions public against high-return promises by non-compliant Nidhi Companies
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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.
September 24, 2026
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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
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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
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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
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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
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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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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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