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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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George Simion secures decisive win in 1st round of Romania's presidential redo

May 5, 2025

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Bucharest (Romania), May 5 (AP) Hard-right nationalist George Simion secured a decisive win Sunday in the first round of Romania's presidential election redo, nearly complete electoral data showed. The election took place months after an annulled vote plunged the European Union and NATO member country into its worst political crisis in decades.

Simion, the 38-year-old leader of the Alliance for the Unity of Romanians, or AUR, was far outpacing all other candidates in the polls with 40per cent of the vote, official electoral data shows, after 97per cent of votes were counted from Sunday's vote.

Far behind in second place was Bucharest Mayor Nicusor Dan with 20.67per cent, and in third place the governing coalition's joint candidate, Crin Antonescu, with 20.62per cent — a gap that is expected to widen as the last votes from larger cities are counted.

Eleven candidates vied for the presidency and a runoff will be held on May 18 between the top two candidates. By the time polls closed, about 9.57 million people — or 53.2per cent of eligible voters — had cast their ballots, according to the Central Election Bureau, with 973,000 votes cast at polling stations set up in other countries.

Election redo held after vote annulled The rerun was held after Romania's political landscape was shaken last year when a top court voided the previous election in which the far-right outsider Calin Georgescu topped the first round, following allegations of electoral violations and Russian interference, which Moscow has denied.

In a prerecorded speech aired after polls closed, Simion said that despite many obstacles, Romanians “have risen up” and “we are approaching an exceptional result.” “I am here to restore constitutional order,” said Simion, who came fourth in last year's race and later backed Georgescu. “I want democracy, I want normalcy, and I have a single objective: to give back to the Romanian people what was taken from them and to place at the center of decision-making the ordinary, honest, dignified people.” As in many EU countries, antiestablishment sentiment is running high in Romania, fueled by high inflation and cost of living, a large budget deficit and a sluggish economy. Observers say the malaise has bolstered support for nationalist and far-right figures like Georgescu, who is under investigation and barred from the rerun.

Georgescu, who appeared alongside Simion at a polling station on Sunday in the capital, Bucharest, called the vote rerun “a fraud orchestrated by those who have made deceit the only state policy,” but said he was there to “acknowledge the power of democracy, the power of the vote that frightens the system, that terrifies the system.” The presidential role carries a five-year term and significant decision-making powers in national security and foreign policy.

Widespread distrust in the authorities Dan, a 55-year-old mathematician and former anti-corruption activist who founded the Save Romania Union party (USR) in 2016, ran on a pro-EU “Honest Romania” ticket.

“It is about the trust of Romanians and our partners in democracy ... and in my opinion, it is a new beginning that we all have a responsibility to do correctly,” Dan said after the polls closed.

Antonescu, 65, a veteran centrist who campaigned on retaining Romania's pro-Western orientation, said Sunday that he voted for “a united Romania, for a strong Romania, for a dignified Romania.” “Democracy means a battle, sometimes taken to the maximum, but it is a battle of ideas,” he said after voting had closed. “Let's not forget that we are fellow citizens, sons of the same country, and we must move forward together.” Victor Ponta, who was prime minister from 2012-2015, also pushed a MAGA-style “Romania First” campaign and boasted of having close ties to the Trump administration, stands in fourth place with 14.3per cent of the vote.

Elena Lasconi, who came second in last year's first round ballot and participated in the rerun, only obtained about 2.6per cent of the vote. She positioned herself as a staunchly pro-Western, anti-system candidate, railing against what she described as a corrupt political class.

Cristian Andrei, a Bucharest-based political consultant, said Simion's clear victory indicates a complete “reshape” of the political spectrum, and that if Dan reaches the runoff, “it will be a clear signal that the political class and the political establishment have lost.” “You have a populist or pro-sovereign movement ... and you also have this liberal, urban, pro-Western segment of Romania that wants change,” he said, adding that it would be a “huge rejection of the classic political parties ... and this will mean that the entire political spectrum will be reshaped." Crossroads moment for Romania Distrust in the authorities remains widespread, especially for those who voted for Georgescu, a sizable electorate that Simion has sought to tap into.

“The antiestablishment sentiment is not like an anarchic movement, but is against the people who destroyed this country,” Simion told The Associated Press days before the rerun. “We are not a democratic state anymore.” Simion said that his hard-right nationalist Alliance for the Unity of Romanians party is “perfectly aligned with the MAGA movement,” capitalizing on a growing wave of populism in Europe after U.S. President Donald Trump's political comeback. AUR rose to prominence in a 2020 parliamentary election, proclaims to stand for “family, nation, faith, and freedom,” and has since doubled its support.

Rares Ghiorghies, 36, who works in the energy sector and voted for Simion, says he hopes that if he secures the presidency, Romania can “return to the basic principles of democracy, regain our confidence.” “What happened in December 2024 is definitely a dark chapter in the history of this country, and we can no longer accept it,” he said. “I'm hoping things will get back to normal.” The election redo is a crossroads moment for Romania as it seeks to restore its democracy and retain its geopolitical alliances, which have become strained since the canceled election fiasco.

The decision to annul the election and the ban on Georgescu's candidacy drew criticism from U.S. Vice President JD Vance, Elon Musk and Russia, which publicly supported his candidacy in the rerun. (AP) NB NB NB

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