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    China, US hold 'candid, in-depth' talks on tariffs, AI issues ahead of Xi-Trump meeting
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September 21, 2026
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Tariff sanctions and AI trade consultations examine reciprocal tariff reduction amid energy-purchase measures and objections to unilateral sanctions.
Expanded sanctions and tariff measures form the immediate trade-policy backdrop. The Lindsey O. Graham Sanctioning Russia and Iran Act of 2026 authorises expanded sanctions and tariffs targeting Russia and countries that buy its energy exports. China contests the application of tariffs to its purchases and opposes long-arm jurisdiction and unilateral sanctions asserted without a basis in international law or a UN Security Council mandate. Parallel negotiations contemplate a reciprocal tariff-reduction arrangement.
September 21, 2026
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Rupee appreciation in early trade reflects lower crude prices and stronger domestic equities despite dollar demand.
Rupee appreciation in early interbank trading saw the currency strengthen by 24 paise to 95.72 per US dollar. Lower Brent crude prices, gains in domestic equities and improved foreign fund sentiment supported the currency, while importer demand for dollars and broader US-dollar strength limited gains. Market commentary identified a broad near-term trading range, and foreign-exchange reserves declined because foreign-currency and gold reserves fell.
September 21, 2026
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Digital signature compatibility requires updated signing software for newly issued tokens, while functioning existing certificates remain usable until expiry.
Digital-signature users with tokens issued on or after 21 September 2026 must install emSigner v3.3, while users whose existing certificates and tokens function normally may retain their current version. Version 3.3 supports existing tokens and is required where signing fails or certificates cannot be selected despite correctly installed drivers. Certificates downloaded to FIPS 140-2 dongles on or before that date remain valid until expiry; later renewal or fresh issuance generally requires FIPS 140-3 dongles, subject to specified exceptions.
September 21, 2026
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Private capital mobilisation for development financing requires predictable investment conditions, credible projects, fiscal transparency, and strengthened State capital expenditure.
Development financing for Viksit Bharat is framed as a joint Union-State and private-sector task requiring higher savings and investment, fiscally resilient public finances, and mechanisms to mobilise private capital. Fiscal sustainability requires State-wise debt assessments and fuller disclosure of off-budget borrowings, guarantees, arrears and borrowings through State-owned entities. Public resources are expected to play a catalytic role in attracting private investment, supported by predictable rules, enforceable contracts, faster dispute resolution and stronger investment protections.
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.

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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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