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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
Show AI Summary
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
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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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Trump has long warned of government 'deep state.' Now in power, he's under pressure to expose it

May 30, 2025

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New York, May 30 (AP) As he crisscrossed the country in 2024, Donald Trump pledged to supporters that voting him back into the presidency would be “our final battle.” “With you at my side, we will demolish the deep state,” he said repeatedly on the campaign trail. “We will liberate our country from these tyrants and villains once and for all.” Four months into his second term, Trump has continued to stoke dark theories involving his predecessors and other powerful politicians and attorneys — most recently raising the spectre of nefarious intent behind former President Joe Biden's use of an autopen to sign papers. The administration has pledged to reopen investigations and has taken steps to declassify certain documents, including releasing more than 63,000 pages of records related to the assassination of President John F. Kennedy. Yet many of Trump's supporters say it's not enough.

Some who take him at his word are beginning to get restless as they ask why his administration, which holds the keys to chasing down these alleged government secrets, is denying them the evidence and retribution they expected.

His Justice Department has not yet arrested hordes of “deep state” actors as some of his supporters had hoped it would, even as the president has been posting cryptic videos and memes about Democratic politicians.

“People are tired of not knowing,” conservative commentator Damani Felder said on podcaster Tim Pool's show last week. “We actually demand answers and real transparency. It's not that hard to deliver.” A promise to reveal and dismantle the 'deep state' Trump has long promised to dismantle the “deep state” — a supposed secret network of powerful people manipulating government decisions behind the scenes — to build his base of support, said Yotam Ophir, a communications professor at the University at Buffalo.

“He built part of this universe, which at the end of the day is a fictional universe,” he said.

Now that Trump is in power and has stocked loyalists throughout his administration, his supporters expect all to be revealed. Delivering on that is difficult when many of the conspiracies he alleged aren't real, said Joseph Uscinski, a political scientist who studies conspiracy theories at the University of Miami.

To be sure, the president has prioritised retribution in his second administration. He has fired federal workers, installed loyalists in key positions and targeted law firms he disfavours in executive orders. He has ordered the revocation of government security clearances for political rivals and former employees who dissented during his first term.

His Justice Department has fired prosecutors who investigated him and scrutinised career FBI agents who investigated the January 6, 2021, attack on the US Capitol.

Even so, Trump's administration hasn't gone as far as many of his supporters would like. They want to see steps taken against people he has long claimed were involved in sinister plots against him, such as former Secretary of State Hillary Rodham Clinton and former FBI Director James Comey. The administration also hasn't offered proof of the “ egregious crimes ” that Trump claims have corrupted the federal government for years.

Conspiracy theorists focus on Epstein and Trump's assassination attempt Tensions erupted this month when FBI Director Kash Patel and his deputy, Dan Bongino, dismissed two of the unsubstantiated conspiracy theories that have animated Trump's base the most — that financier and sexual abuser Jeffrey Epstein was murdered in a cover-up, and that Trump's attempted assassination in Butler, Pennsylvania, was a government plot.

“You know a suicide when you see one, and that's what that was,” Patel said about Epstein's death in a Fox News interview.

“I have seen the whole file,” Bongino added. “He killed himself.” Conservatives online demanded to see the evidence, pointing to Bongino's past statements as a podcast host, when he suggested the government was hiding information about Epstein.

“No matter who gets elected, you get the same foreign policy, you get the same economic policy, and the Epstein videos remain secret,” right-wing podcaster and former Fox News host Tucker Carlson said on his show.

“They told us for months leading up to the Election that it wasn't suicide," Newsmax host Todd Starnes wrote on X.. “But now they tell us it was suicide.” He added: “Pardon me, but what the heck is going on at DOJ?” Attorney General Pam Bondi said this month that FBI officials were poring through “tens of thousands” of videos related to Epstein and would make more materials public once they took steps to protect the victims.

In the same Fox News interview, Bongino and Patel said they had been briefed on the attempted assassination of Trump during a rally in July and there was no explosive conspiracy to be revealed.

“In some of these cases, the there' you're looking for is not there,” Bongino said.

Scepticism among 'deep state' believers Bongino appeared to try to throw a bone to Trump's base this week when he announced the agency would reopen some prominent cases that have attracted public interest.

He said the FBI would investigate the planting of pipe bombs found near the Democratic and Republican National Committee headquarters in Washington the day of the January 6, 2021, attack, the leak of the Supreme Court's Dobbs v. Jackson draft opinion in 2022 that overturned the constitutional right to abortion and the discovery of cocaine in the White House in 2023.

But it wasn't enough for everyone who weighed in on his X account.

“Anything to detract from the Epstein files,” one user replied to his announcement. “No results,” wrote another.

In an interview Thursday on “Fox & Friends,” Bongino teased that the FBI would soon release video captured outside Epstein's jail cell and materials related to Trump's attempted assassination.

He said he understands the public's demands for transparency but called for patience and noted not all information is the FBI's to declassify. That didn't satisfy everyone who wants answers to the conspiracy theories.

“I am convinced that the deep state can only be defeated by God at this point,” Philip Anderson, a right-wing influencer who participated in the riot at the Capitol, wrote Thursday on X. “Kash Patel, Dan Bongino, and Pam Bondi are completely useless.” Promoting conspiracy theories as a tactic to distract All the while, Trump has continued promoting conspiracy theories on his Truth Social platform and elsewhere.

He shared a video this month about mysterious deaths allegedly being linked to the Clinton family and an image of himself with former President Barack Obama with the text, “ALL ROADS LEAD TO OBAMA, RETRUTH IF YOU WANT MILITARY TRIBUNALS.” Ophir, the University at Buffalo professor, said it's a tactic that distracts Trump's base and helps inoculate him from criticism.

“When something good happens, it's because Trump is great and his agenda is brilliant,” Ophir said. “When something bad happens, it's because of the Obamas or the Clintons or whatever forces are undermining him from within Washington.” Trump this week fueled newer theories, without sharing evidence, that Biden's use of a mechanical device called an autopen during his presidency meant he didn't sign his executive orders willingly or that aides profited from controlling it. He has called for people who operated it to be charged with “TREASON.” The narrative has gained momentum on the right because of allegations that Biden's aides covered up his mental and physical decline. Presidents have used autopens for years to sign certain documents.

“Whoever used it was usurping the power of the Presidency, and it should be very easy to find out who that person (or persons) is,” Trump wrote on Truth Social.

At least one user of his platform was unimpressed and questioned why Trump and his allies, holding all the power, still didn't have any answers.

“IF IT'S EASY,” the commenter posted. “WHY HASN'T YOUR ADMINISTRATION FOUND THESE CRIMINAL'S ALREADY.” (AP) GSP

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