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    Conference on “Financing India’s Journey towards Viksit Bharat” concludes in New Delhi
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September 21, 2026
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PMLA-IBC interface examines challenges in harmonising insolvency resolution with money-laundering asset attachment, investigation, tracing and enforcement.
The PMLA-IBC interface addresses reconciliation of insolvency resolution with anti-money-laundering enforcement where corporate debtor assets are attached during resolution. Section 32A is central to this interaction, although harmonised implementation remains challenging. The framework also considers money-laundering stages, hawala transactions, financial investigation, asset tracing, and evolving judicial approaches to aligning insolvency objectives with enforcement measures.
September 21, 2026
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Evolving insolvency law relies on legislative amendments and regulatory mechanisms to respond effectively to changing market conditions.
Subordinate legislation and regulatory mechanisms are important tools for maintaining responsiveness within the insolvency framework. Regulations may be framed for provisions of the Code and for fulfilment of its purposes and objectives, enabling practical responses to emerging issues. The interaction between primary legislation, regulations and market developments supports continuing refinement of insolvency law in line with changing conditions.
September 20, 2026
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Tariff policy and trade truce reshape bilateral engagement as rare-earth leverage limits coercive economic measures.
United States-China trade relations are being conducted through continued tariff policy, prior export restrictions, and a trade truce after escalating tariffs did not achieve their intended effect of changing Chinese economic conduct. China's concentrated supply of rare-earth inputs used in electronics provided negotiating leverage and contributed to the trade armistice. Indications that Chinese goods are routed through third countries to lessen tariff exposure qualify the decline in the bilateral goods imbalance. Continued tariffs have not constrained China's manufacturing expansion or its access to export markets.
September 20, 2026
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Ten-year director tenure cap governs removal of ineligible cooperative bank board members after regulatory review.
RBI required Latur District Central Cooperative Bank to remove directors considered ineligible for exceeding the ten-year maximum tenure applicable to district central cooperative bank directors. The action invoked director ineligibility under the Banking Regulation Act. Following a complaint and a court-directed timeline for regulatory action, RBI sought responses from the concerned directors, seven of whom resigned. An issue was raised over whether the tenure cap could apply retrospectively to appointments made before its stated commencement and whether it was being applied uniformly.
September 19, 2026
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Biometric Aadhaar authentication becomes essential for domestic LPG consumers seeking regulated subsidised refill bookings, while market-price supply remains available.
Biometric Aadhaar authentication is required from October 1 for domestic LPG consumers to book subsidised refills at the regulated retail selling price. Authentication can be completed through delivery personnel, distributor showrooms or designated mobile applications. Consumers unwilling or unable to authenticate may obtain LPG at the applicable market price without subsidy after registering their choice through specified digital channels. The framework distinguishes subsidised LPG linked to Aadhaar-authenticated consumers from market-priced LPG and seeks targeted subsidy delivery, reduced leakage, and prevention of diversion, duplicate connections and ineligible access.
September 19, 2026
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Cooperative bank director tenure limits require disqualification and removal when service exceeds the statutory maximum period.
Directors of District Central Cooperative Banks and Central Cooperative Banks are subject to a maximum 10-year tenure under the Banking Regulation Act, 1949, as amended by the Banking Laws (Amendment) Act, 2025. RBI directed removal of a director ineligible to continue under section 10A(2A)(i), read with section 56, following concerns that directors of Latur District Central Cooperative Bank had exceeded the permitted tenure.
September 19, 2026
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Tariff treatment of Indian exports shifted from reciprocal duties to targeted trade measures, sectoral duties, and specified exemptions.
Upon expiry of the temporary global measure, an India-targeted 10 per cent Section 301 tariff, linked to forced-labour concerns, replaced it; the effective charge for most covered exports remained MFN duty plus 10 per cent. The current regime applies the Section 301 tariff to Indian exports except specified goods, with separate sectoral duties on steel, aluminium and auto components. Smartphones, medicines and energy products are exempt.
September 19, 2026
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PMLA-based FIR request over alleged consultancy payments remains under legal examination amid criticism of non-registration.
Enforcement Directorate sought registration of an FIR concerning alleged fraudulent payments by Cochin Minerals and Rutile Ltd to Exalogic Solutions, represented as IT consultancy fees. The request relied on evidence gathered through investigation and searches under the Prevention of Money Laundering Act. Registration remained under consideration after receipt of the Advocate General's legal opinion, with the Home Department examining the matter.
September 19, 2026
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Free trade agreements expand market access, entrepreneurial partnerships and youth career opportunities alongside public-sector recruitment and development participation.
Free Trade Agreements are presented as mechanisms for expanding cross-border partnerships, market access for entrepreneurs, and career opportunities for young persons. Youth employment is also linked to the expansion of the startup ecosystem beyond major cities and to public-sector recruitment through Rozgar Melas. Newly selected candidates are to join central government ministries, departments and organisations. Public service is framed around citizen-centred administration and decisions supporting a developed and self-reliant India.
September 19, 2026
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AI governance for regulated financial services enables natural-language automation while preserving enterprise security, auditability, control, and scalable deployment.
Assist-Edge enables teams to describe intended processes in natural language and use AI to create, modify, and enhance executable workflows. Working with reusable AI agents and workflows, it supports discovery, customisation, deployment, and scaling of enterprise automation. For banking, financial services, and insurance operations, its use is positioned alongside security, governance, auditability, and control, supporting governed adoption of scalable AI capabilities and movement from isolated experimentation to enterprise-wide intelligent automation.
September 19, 2026
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Recurring token reward distributions connect eligible holdings, platform activity, and partner participation through hourly settlement cycles.
BC Engine permits eligible $BC holdings to participate in hourly settlement rounds distributing BCD rewards. Participants can monitor active balances, cumulative rewards, unclaimed BCD, and settlement history through the Engine interface. Settlement amounts vary with ecosystem activity, while the mechanism links platform activity, token utility, user participation, and commercial partners through repeated value distribution rather than one-time promotional incentives.
September 19, 2026
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Asset monetisation of surplus public land and buildings is accelerated through transparent, value-oriented processes and stakeholder coordination.
NLMC's Board recommended monetisation proposals involving surplus land and building assets valued at over Rs. 5,000 crore. Monetisation is facilitated through asset identification, due diligence, valuation and appropriate process structuring, with emphasis on transparency, efficiency and value realisation. Sustained coordination with asset-owning entities is intended to expedite implementation and support timely, commercially appropriate monetisation of underutilised public assets.
September 19, 2026
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Zero forex markup on credit cards applies automatically to international transactions without conditions while preserving applicable rewards.
Zero Forex Markup applies automatically to international transactions made through all existing and new credit cards, without a new-card application, upgrade, spending threshold or other stated condition. International card spends do not attract forex markup charges. Reward Points or Cashback, where applicable to the relevant card, continue on international transactions. Existing credit cards may be used for overseas and cross-border payments without requiring a separate forex card solely to avoid such charges.
September 18, 2026
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Foreign exchange reserve valuation reflects currency movements as foreign currency assets and gold holdings decline.
India's foreign exchange reserves declined to USD 780.782 billion for the week ended September 11, driven by reductions in foreign currency assets and gold holdings. Foreign currency assets fell to USD 645.796 billion, with their dollar value reflecting movements in reserve currencies against the US dollar. Gold reserves also declined, while Special Drawing Rights increased to USD 18.845 billion. The reserve position with the IMF stood at USD 4.916 billion.
September 18, 2026
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Bulk sugar stockholding limits now allow expanded inventories only where additional supplies derive from designated import channels.
Bulk sugar consumers using more than 10 tonnes monthly as a raw material may hold up to 30 days' requirement instead of 15 days. Holdings above 15 days must consist exclusively of sugar imported under the Tariff Rate Quota or Advance Authorisation Scheme; sugar obtained from the open market remains restricted to 15 days' consumption. Bulk consumers must declare and disclose their sugar inventories every Friday through the food ministry's online portal.
September 18, 2026
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Trade facilitation and digitalisation support regional economic cooperation through simpler customs procedures, paperless exchange, resilient supply chains, and MSME access.
Priority measures included expanded intra-SCO trade, lower trade costs, resilient and diversified supply chains, trusted multimodal connectivity, greater market access, simplified customs processes, paperless trade and electronic document exchange. Digital and cross-border payments and accessible trade finance were identified to enable MSMEs and start-ups to participate in trade and value chains. Ministers agreed an Action Plan for 2026-2030 for further approval and approved regulations for a special working group on creative-economy development.
September 18, 2026
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Customs cooperation and trade facilitation advance electronic origin verification, pre-arrival information exchange, and safeguards against preferential trade misuse.
Customs cooperation and trade facilitation measures included pre-arrival information exchange, electronic verification of Certificates of Origin, and Customs automation and digitalisation. These measures are directed at facilitating legitimate trade while ensuring compliance with applicable rules and preventing misuse of preferential trade arrangements. Rail and road connectivity, freight movement, Integrated Check Posts and land-port infrastructure were reviewed to improve infrastructure utilisation and address operational bottlenecks affecting bilateral and transit trade.
September 18, 2026
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Preferential equity issuance approved to strengthen capital, support digital lending expansion, and fund subsidiary operations subject to required approvals.
OnEMI Technology Solutions Limited has approved a preferential issue of equity shares to identified investors, subject to shareholder and requisite regulatory and statutory approvals. The issuance is proposed under the Companies Act, 2013, the SEBI capital-issue and disclosure framework, other applicable SEBI regulations, and applicable law. Seventy-five per cent of the additional capital raised is proposed for infusion into its wholly owned subsidiary to support lending, technology, digital capabilities and product expansion, while the remaining twenty-five per cent is proposed for general corporate purposes.
September 18, 2026
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Fraudulent input tax credit claims through bogus invoices prompted arrest over alleged invoicing without actual supply of goods.
Alleged fraudulent availment, utilisation and passing on of inadmissible input tax credit involved invoices from purported suppliers found to be non-existent, non-functional, suspended or cancelled. Input tax credit was allegedly claimed without actual receipt of goods and passed on through invoices unsupported by corresponding supplies. Following investigation and recorded statements, the proprietor of an iron and steel trading firm was arrested under statutory arrest powers, while further investigation remains in progress.

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Poland once threw its doors open to millions of Ukrainian refugees, but mood shifted

May 11, 2025

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Warsaw, May 11 (AP) In the early months of 2022, as Russia's full-scale invasion of Ukraine began, millions of Ukrainians — mostly women and children — fled to Poland, where they were met with an extraordinary outpouring of sympathy. Ukrainian flags appeared in windows. Polish volunteers rushed to the border with food, diapers, SIM cards. Some opened their homes to complete strangers.

In the face of calamity, Poland became not just a logistical lifeline for Ukraine, but a paragon of human solidarity.

Three years later, Poland remains one of Ukraine's staunchest allies — a hub for Western arms deliveries and a vocal defender of Kyiv's interests. But at home, the tone toward Ukrainians has shifted.

Nearly a million Ukrainian refugees remain in Poland, with roughly 2 million Ukrainian citizens overall in the nation of 38 million people. Many of them arrived before the war as economic migrants.

As Poland heads into a presidential election on May 18, with a second round expected June 1, the growing fatigue with helping Ukrainians has become so noticeable that some of the candidates have judged that they can win more votes by vowing less help for Ukrainians.

“The mood of Polish society has changed towards Ukrainian war refugees,” said Piotr Dlugosz, a professor of sociology at the Jagiellonian University in Krakow who has carried out research on the views toward Ukrainians across central Europe.

He cited a survey by the Public Opinion Research Centre in Warsaw that showed support for helping Ukrainians falling from 94% at the start of Russia's full-scale invasion in February 2022 to 57% in December 2024.

“Many other studies confirm the change in mood,” he said. “At the same time, it should be remembered that helping refugees after the outbreak of the war was a natural moral reflex, that one should help a neighbour in need. All the more so because Poles remember the crimes committed by Russians against Poles during and after two world wars.” Candidates adjust to anti-Ukrainian sentiment Among those to transform the shift in mood into campaign politics is conservative candidate Karol Nawrocki, a historian and head of the Institute of National Remembrance who is the Law and Justice party's chosen candidate and one of the frontrunners.

Law and Justice, still in government in 2022, led the humanitarian response to the crisis along with President Andrzej Duda, a conservative backed by the party who travelled to Kyiv during the war.

As Nawrocki seeks to succeed Duda, he is showing ambivalence toward Ukrainians, stressing the need to defend Polish interests above all else.

Duda and Law and Justice have long admired Donald Trump, and Nawrocki — who was welcomed at the White House by Trump on May 1 — has at times used language that echoes the American president's.

“Ukraine does not treat us as a partner. It behaves in an indecent and ungrateful way in many respects,” Nawrocki said in January.

After Ukrainian President Volodymyr Zelenskyy's tense visit to the Oval Office in February, Nawrocki declared the Ukrainian leader needed to “rethink” his behaviour toward allies.

Last month Nawrocki vowed that if he wins, he will introduce legislation that would prioritise Polish citizens over Ukrainians when there are waits for medical services or schools.

“Polish citizens must have priority,” Nawrocki said in a campaign video. “Poland first. Poles first.” Further to the right, candidate Slawomir Mentzen and his Confederation party have gone beyond that. He has blamed Ukrainians for overburdened schools, inflated housing prices, and accused them of taking advantage of Polish generosity.

At an April 30 rally of a far-right candidate, Grzegorz Braun, his supporters climbed up to a balcony on city hall in Biala Podlaska and pulled down a Ukrainian flag that had been hanging there since February 2022 as an expression of solidarity.

The political centre is adjusting too.

Rafal Trzaskowski, the liberal-minded mayor of Warsaw from Prime Minister Donald Tusk's centrist party who welcomed Ukrainians to his city in 2022, proposed in January that only Ukrainian refugees who “work, live and pay taxes” in Poland be granted access to the popular “800+” child benefit — 800 zlotys ($210) per month per child.

The requirements were already tightened recently, and some refugee advocates described it as a concession to far-right narratives.

Ukrainians say they're helping Poland, too Ukrainian Ambassador to Poland Vasyl Bodnar disputes claims that Ukrainians are taking more than they give. About 35,000 receive support without working, he said, but what they receive is only a fraction of what Ukrainians contribute in taxes. He noted that some 70,000 Ukrainian-run businesses now operate in Poland.

“Ukrainians are helping the Polish economy to develop,” he told The Associated Press.

Malgorzata Bonikowska, president of the Centre for International Relations, said that it is normal for tensions to emerge when large numbers of people from different cultures suddenly live and work side-by-side. And Poles, she added, often find Ukrainians pushy or entitled, and that rubs them the wrong way. “But there is still very stable support for helping Ukraine. We truly believe Ukrainians are Europeans, they are like our brothers.” Rafal Pankowski, a sociologist who heads Never Again, a group that fights xenophobia, has tracked anti-Ukrainian sentiment from the start of the full-scale war. At first, the far right was very isolated in its anti-Ukrainian opinions, he said.

“What is happening this year is harvest time for all those anti-Ukrainian propagandists, and now it goes beyond the far right," he said.

Kateryna, a 33-year-old Ukrainian who has lived in Poland for years, has seen the change up close. In 2022, strangers often greeted her with sympathetic looks and with the words “Slava Ukraini” (Glory to Ukraine).

But then last fall, a man on a tram cursed her for reading a Ukrainian book. This spring, outside a social security office, another man shoved her and screamed, “No one wants you here.” Such incidents remain rare — Poles and Ukrainians co-existing on friendly terms is still the norm. But she feels such incidents were unthinkable three years ago.

She asked that her last name not be used because she works as a manager in a company that would require to have clearance to be identified publicly.

Her parents remain in Ukraine, and her brother serves in the army. Like many in the region, she believes Ukrainian resistance is keeping Poland safe by holding the Russians at bay.

Tensions now, she worries, only serve Moscow. “We must stick together,” she said. (AP) SCY SCY

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