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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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AstaGuru’s ‘Heirloom Collectibles’ Auction to Showcase Exceptional Jewellery, Vintage Silver & Rare Timepieces on May 10 - 11

May 8, 2025

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Mumbai, Maharashtra, India – Business Wire India AstaGuru's Jewellery, Silver and Timepieces auction 'Heirloom Collectibles', scheduled for May 10 - 11, 2025, promises to showcase the finest of jewellery, vintage silver and rare watches. The jewellery curation includes a mix of both Western and traditional Indian designs executed in exceptional diamonds, rubies, emeralds and natural pearls among others. The silver selection features Indian and European vintage silver pieces that reflect the masterful craftsmanship of the time. The horology collection will present an extraordinary gamut of vintage and modern watches from globally renowned brands, including Patek Philippe, Audemars Piguet, Rolex, Hubolt, Breguet, A. Lange & Söhne.

Talking about the jewellery section of the catalogue, Jay Sagar, Jewellery Expert, AstaGuru Auction House says, “We take immense pleasure in offering a phenomenal curation of jewellery that is impeccably executed with exquisite gemstones such as Zambian and Colombian emeralds, natural pearls, magnificent diamonds and rare Burmese rubies. Each of these pieces are testament to the craftsmanship of modern and vintage jewellery. The selection offered is ideal for any collector, new and seasoned alike, with a variety of minimalist and opulent pieces.” Leading the jewellery section is Lot no. 19, An Extraordinary Emerald & Diamond Necklace. This magnificent necklace celebrates opulence and artistry, featuring a harmonious interplay of exquisite emeralds and diamonds. Designed in a classic collar style, it showcases a beautiful arrangement of emeralds that gradually ascend in size towards the centre, culminating in a dramatic, pear-shaped diamond. Each emerald is bordered by diamonds, enhancing their vivid green hue and adding a regal brilliance to the piece. The upper half of the necklace is also adorned with intricately set diamonds. The piece is estimated to be acquired for INR 6,95,00,000 - 7,50,00,000.

Emeralds are prized for their vivid and rich green colour. The intense and lush green hue is unique among gemstones and stands out, making emeralds a distinctive choice for jewellery, especially for festive and celebratory occasions. They have been used in royal jewellery, religious artefacts, and by prominent historical figures, contributing to their prestigious reputation. The gemstones have also been associated with various symbolic meanings, including love, rebirth, and fertility.

Lot no. 174 is An Impressive Nine-Row Natural Pearl Necklace estimated to be sold at INR 5,00,00,000 - 6,00,00,000. The beautiful necklace is composed of beautifully matched natural pearls graduated in size and arranged in nine cascading rows. The pearl strands are secured on a chedia. Owing to their rarity, natural pearls have always been highly prized and coveted across the world, especially by Indian royalty. The chronicles of history bear the testimony of pearls being an important jewel among kings and emperors. Natural pearls were also heavily sought after during the Art Deco period, one of the most significant design and art movements in history.

Speaking of the horology curation, Jehangir Readymoney, AstaGuru's Luxury Timepiece Expert, stated, “India is witnessing a surge in interest in luxury watches, and AstaGuru is catering to this growing demand by presenting a curated selection of rare and limited-edition timepieces from globally acclaimed brands. This auction offers exceptional pieces suitable for both seasoned connoisseurs and those new to collecting. These timepieces represent the zenith of horological artistry, masterfully combining style, complexity, and individuality. This collection showcases exclusive limited-edition and bespoke luxury watches that captivate enthusiasts around the globe." Lot no. 20, a Rolex Submariner 18k Yellow Gold Wristwatch Reference 126618LB, leads the horology section. The self-winding movement watch, calibre no. 3235 features 31 jewels, a 70-hour power reserve (approx.) and Rolex's Paramagnetic blue Parachrom hairspring & bi-directional self-winding rotor. The deep blue dial’s luminescent Chromalight display is an innovation that improves visibility in dark environments, an essential feature for divers. The watch features an 18k gold bezel with a Cerachrom blue bezel insert,18k yellow gold case, caseback, bracelet, clasp and crown. It is estimated to be acquired for INR 32,00,000 - 36,00,000.

Rolex has stood as the beacon of precision, style and craftsmanship in the world of horology. The Swiss manufacturer has long been known for iconic timepieces, their love for attention to detail and finds ardent fans throughout the world.

Lot no. 120 is a Hublot Spirit Of Big Bang 18k Rose Gold Wristwatch Reference 614.OX.1180. RX. With a manual-winding Meca10 movement, calibre no. HUB1233, the watch features a skeleton dial with a power reserve indicator and small seconds feature. It also showcases an 18k King gold barrel-shaped case and caseback, 18k rose gold bezel and crown and a rubber strap with a titanium folding clasp. The watch is estimated to be sold at INR 29,50,000 - 36,50,000.

Hublot is renowned for its meticulous craftsmanship, blending traditional Swiss watchmaking with cutting-edge materials. Each timepiece reflects precision engineering, often featuring in-house movements and complex chronographs. Their 'Art of Fusion' philosophy marries innovation with heritage in every watch.

For more information, please log on www.astaguru.com About AstaGuru Auction House AstaGuru is India’s premium auction house, dedicated to preserving cultural heritage and shaping enduring legacies through rare art and luxury collectibles. Founded in 2008, AstaGuru provides a seamless and trusted platform for collectors to discover, acquire, and consign exceptional treasures, spanning Modern and Contemporary Indian Art, fine jewellery, rare timepieces, vintage cars, and unique collectibles. Guided by a vision to be the world’s leading platform for rare art and luxury collectibles, AstaGuru brings together connoisseurs across generations, fostering a deeper appreciation for craftsmanship and history. With an unwavering commitment to expertise, authenticity, and innovation, AstaGuru empowers collectors to curate extraordinary stories that transcend time. Through its digital platform and mobile app, AstaGuru bridges geographies, making remarkable acquisitions accessible to collectors worldwide.

To View the Image, Click on the Link Below: Heirloom Collectibles | May 10 - 11, 2025 (Disclaimer: The above press release comes to you under an arrangement with Business Wire India and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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