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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
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September 24, 2026
Show AI Summary
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
Show AI Summary
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
Show AI Summary
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
Show AI Summary
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
Show AI Summary
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
Show AI Summary
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
Show AI Summary
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
Show AI Summary
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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Macron warns US, Indo-Pacific not to abandon Ukraine as it gears for potential China conflict

May 30, 2025

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Singapore, May 30 (AP) French President Emmanuel Macron warned the US and a large audience of Indo-Pacific nations Friday night that they risk a dangerous double standard as they concentrate on a potential conflict with China if that shift comes at the cost of abandoning Ukraine.

Macron's remarks come as the US is considering withdrawing troops from Europe to shift them to the Indo-Pacific. He warned that abandoning Ukraine would eventually erode US credibility in deterring any potential conflict with China over Taiwan.

In a speech that emphasized France's tight ties to the Indo-Pacific, Macron said that any shifts to developing a more hard-line deterrent stance in the region is still tied to how the world — and particularly the West — treats other critical issues, including climate change and Israel's ongoing military operations in Gaza.

The speech was notable in that Macron delivered it with US President Donald Trump's Defence Secretary Pete Hegseth in the audience and as not only France, but countries around the globe are dealing with Trump's fluctuating tariff threats. Both Europe and those same Indo-Pacific nations also find themselves increasingly pulled between the competing interests of Trump and Chinese President Xi Jinping.

“We want to cooperate. But we don't want to be instructed on a daily basis what is allowed, what is not allowed and how our life will change because of the decision of a single person,” Macron said, in an apparent jab at Trump that could have also been just as easily pointed at Xi.

Macron and Hegseth are among the world leaders, diplomats and top defence officials in Singapore this weekend for a security forum that will focus on China's growing assertiveness, the global impact of Russia's war on Ukraine and the flare-up of conflicts in Asia.

It's Hegseth's first time at the Shangri-La Dialogue, hosted by the International Institute for Security Studies, which is taking place against the backdrop of heightened rhetoric between Beijing and Washington.

The Trump administration has threatened China with triple-digit tariffs, and there's some uncertainty in the region over how committed the US is to the defence of Taiwan, which also faces possible 32 per cent American tariffs.

China claims the self-governing democracy as its own, and Chinese President Xi Jinping has not ruled out taking it by force. China sends military aircraft, ships and spy balloons near Taiwan as part of a campaign of daily harassment, and currently has an aircraft carrier in the waters southeast of the island.

China, which usually sends its defence minister to the Shangri-La forum, sent a much lower level delegation instead, led by Maj Gen Hu Gangfeng, the vice president of the People's Liberation Army National Defence University.

The delegation was expected to speak Saturday on a panel on “cooperative maritime security” alongside representatives from Japan, Vietnam, Chile and the UK — notable in that China's aggressive global fisheries tactics have been a regular topic of concern not only in the Indo-Pacific but as far away as Latin America and the Arctic.

Defence officials travelling with Hegseth, who spoke on the condition of anonymity because they were not authorised to speak to the media, called the absence of a higher-level Chinese delegation an opportunity for the US to make inroads.

“We can't account for whether China engages or not. All we know is that we're here. And we will be here,” Hegseth said as he met with Philippine Defence Secretary Gilbert Teodoro.

Allies are worried about US commitment to their defence Hegseth's trip to Singapore is his second to the region since becoming defence secretary, following a March visit to the Philippines, which has seen escalating confrontations with China over competing territorial claims in the South China Sea.

That trip, which also included a stop in Japan, brought a degree of relief over growing concerns from the Philippines and others in the region about US support from a president who has taken more of a transactional approach to diplomacy and seems wary of foreign engagements.

The US has been pursuing a “free and open Indo-Pacific” policy, which includes regularly sailing warships through the Taiwan Strait and in the South China Sea, which is claimed almost in its entirety by China.

The European Union has adopted a more economics-driven approach, but several European nations have also regularly taken part in the freedom of navigation exercises, including France, which sent a carrier strike group on a five-month mission through the Indo-Pacific that concluded in April.

France steps up its presence in Indo-Pacific In its published Indo-Pacific strategy, France has underscored the need to “preserve a rules-based international order” in the face of “China's increasing power and territorial claims” and its global competition with the United States.

France's own ties to the Indo-Pacific are strong, with more than 1.6 million of its citizens living in the region in French overseas territories.

Following a meeting Friday with Singapore's Prime Minister Lawrence Wong, Macron told reporters there was room in the region for more than just the two superpowers.

“We are neither China nor the US, we don't want to depend on any of them," he said. “We want to cooperate with both as far as we can, and we can cooperate for growth and prosperity and stability for our people and the world order, and I think this is exactly the same view of a lot of countries and a lot of people of this region.” Wong underscored Macron's point, saying that Singapore and the greater region were not looking for exclusive arrangements with any single power.

“We want to embrace comprehensive engagement with all parties and embrace win-win arrangements rather than zero-sum competition,” he said.

In his speech later, Macron is expected also to stress that the war in Ukraine is having a worldwide impact and that Russia seeks to destabilize Asia, the French president's office said.

While democracies from the region, including Australia, South Korea and Japan, have been aiding Ukraine, China has been growingly supportive of Russia and North Korea has sent troops to fight for Moscow.

The conference comes as civil war continues to rage in Myanmar, creating a massive humanitarian crisis that has only been compounded by the effects of a devastating earthquake that hit in March.

It also follows the outbreak of violence this week on the Thai-Cambodian border, in which a Cambodian soldier was killed in a brief exchange of fire between the two sides.

Thailand and Cambodia have a long history of land disputes, though Thailand said after the short skirmish that the situation had been resolved.

Of greater concern, nuclear-armed neighbours India and Pakistan came to the brink of war earlier this month in their most serious military confrontation in decades. (AP) NPK NPK

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