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    GST Council to take a view on GST on UPI MDR: Sources
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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.
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.

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Red Hat Unveils Cloud-Optimized Red Hat Enterprise Linux

May 21, 2025

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Red Hat collaborates with AWS, Google Cloud and Microsoft Azure to deliver Red Hat Enterprise Linux tailored for cloud deployments New Delhi, Delhi, India (NewsVoir) Red Hat, the world's leading provider of open source solutions, today announced jointly-engineered, integrated and supported images for Red Hat Enterprise Linux across Amazon Web Services (AWS), Google Cloud and Microsoft Azure. Available with the launch of Red Hat Enterprise Linux 10, these cloud-optimized offerings are tailored to specific hyperscaler environments, providing users with pre-tuned, ready-to-run images to more seamlessly build, deploy and manage workloads in the cloud.

In collaboration with AWS, Google Cloud and Microsoft, Red Hat offers a ready-to-use approach for Red Hat Enterprise Linux deployments, facilitating smoother workload migrations, enhancing management and visibility for cloud deployments and delivering built-in security functions. The result is an out-of-the-box Red Hat Enterprise Linux experience that enables organizations to build faster with an optimized Linux platform in the public cloud of their choosing.

These cloud-centric offerings for Red Hat Enterprise Linux provide: • Optimized performance in the cloud: Pre-configured, specifically-tuned profiles enable organizations to maintain consistency between reboots and modify settings for various subsystems without disrupting workflows.

• Contained drift and accelerated delivery: Image mode for Red Hat Enterprise Linux uses container-native tooling to allow organizations to deploy Red Hat Enterprise Linux as a bootc container image in the cloud, helping to streamline cloud-native application development and IT operations into a single pipeline.

• Enhanced observability and reporting: Built-in telemetry options offer a comprehensive view of organizations' Red Hat Enterprise Linux estate alongside other cloud services for unified visibility within the cloud provider dashboard.

• Improved security from boot to runtime: Image attestation and top-down memory encryption through Secure Boot, Confidential Computing and Confidential Hypervisor provide a streamlined approach to cloud deployments with a stronger security footprint.

Red Hat Enterprise Linux delivers a consistent foundation upon which organizations can standardize and scale, reducing complexity and providing a unified experience across hybrid and multi-cloud environments. By tuning Red Hat Enterprise Linux to meet unique cloud specifications, organizations can speed up application development, simplify management and increase efficiency to scale applications more dynamically while maintaining reliability.

Availability Cloud-optimized Red Hat Enterprise Linux offerings are now available on AWS, Google Cloud and Microsoft Azure. Organizations can use their existing Red Hat Enterprise Linux subscriptions to migrate to the cloud or purchase pay-as-you-go options from their cloud marketplace of choice. Red Hat Enterprise Linux qualifies for committed spend programs with AWS, Google Cloud and Microsoft Azure, and organizations can also participate in Red Hat’s hybrid committed spend program for further procurement flexibility.

Red Hat Summit Join the Red Hat Summit keynotes to hear the latest from Red Hat executives, customers and partners: • Modernized infrastructure meets enterprise-ready AI — Tuesday, May 20, 8-10 a.m. EDT (YouTube) • Hybrid cloud evolves to deliver enterprise innovation — Wednesday, May 21, 8-9:30 a.m. EDT (YouTube) Supporting Quotes Gunnar Hellekson, Vice President and General Manager, Red Hat Enterprise Linux Business Unit, Red Hat, "Red Hat's collaboration with AWS, Google Cloud and Microsoft mark a significant leap forward in delivering cloud-ready, purpose-built offerings of the world’s leading enterprise Linux platform directly into the hands of our customers. By engineering tailored experiences for Red Hat Enterprise Linux in the cloud, we are empowering organizations to accelerate their cloud transformations and deployments, enabling them to more rapidly achieve their business objectives and scale to embrace the next wave of IT innovation." Manu Parbhakar, Director, Worldwide Business Application Partners, AWS, “AWS customers gain immediate differentiated value from this Red Hat collaboration through performance-optimized Red Hat Enterprise Linux profiles that work harmoniously with our world-class cloud services ecosystem. By combining Red Hat's container-native tooling with AWS's comprehensive security features and observability dashboard, organizations achieve a level of operational efficiency and global scale that simply isn't available elsewhere in the market." Mark Lohmeyer, Vice President and General Manager, AI & Computing Infrastructure, Google Cloud, "Google Cloud is committed to providing our customers with the flexibility and tools they need to innovate and scale their operations. Red Hat Enterprise Linux for Google Cloud offers our customers a streamlined path to migrate, deploy and scale their workloads faster across the hybrid cloud, all while benefiting from integrated security capabilities and a simplified management experience. This collaboration further empowers organizations to achieve their business goals and accelerate their digital transformation on Google Cloud." Brendan Burns, Corporate Vice President, Azure Compute at Microsoft, “Microsoft and Red Hat share a commitment to enabling organizations with a more seamless and comprehensive hybrid cloud experience. Red Hat Enterprise Linux for Microsoft Azure offers a powerful solution for organizations to achieve enhanced consistency across environments and more effectively manage usage and costs, helping them unlock greater business value in the cloud.” Additional Resources Read more about Red Hat Enterprise Linux 10 Explore the benefits of Red Hat Enterprise Linux in the cloud Learn more about Red Hat Summit See all of Red Hat’s announcements this week in the Red Hat Summit newsroom Follow @RedHatSummit or #RHSummit on X for event-specific updates Connect with Red Hat Learn more about Red Hat Get more news in the Red Hat newsroom Read the Red Hat blog Follow Red Hat on X Follow Red Hat on Instagram Follow Red Hat on LinkedIn Watch Red Hat videos on YouTube About Red Hat Red Hat is the open hybrid cloud technology leader, delivering a trusted, consistent, and comprehensive foundation for transformative IT innovation and AI applications. Its portfolio of cloud, developer, AI, Linux, automation, and application platform technologies enables any application, anywhere—from the datacenter to the edge. As the world's leading provider of enterprise open source software solutions, Red Hat invests in open ecosystems and communities to solve tomorrow's IT challenges. Collaborating with partners and customers, Red Hat helps them build, connect, automate, secure, and manage their IT environments, supported by consulting services and award-winning training and certification offerings.

Forward-Looking Statements Except for the historical information and discussions contained herein, statements contained in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on the company’s current assumptions regarding future business and financial performance. These statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially. Any forward-looking statement in this press release speaks only as of the date on which it is made. Except as required by law, the company assumes no obligation to update or revise any forward-looking statements.

(Disclaimer: The above press release comes to you under an arrangement with Newsvoir and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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