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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.
September 24, 2026
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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
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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.
September 23, 2026
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Commercial vehicle after-sales support expands authorised repairs, genuine spares, roadside assistance, and uptime for remote high-altitude fleet operations.
Commercial vehicle after-sales support is expanded through a BharatBenz 3S facility operated by PPS Trucking for remote high-altitude fleet operations. The facility provides sales, authorised service, genuine spare parts, diagnostic systems, repair tools and round-the-clock roadside assistance. Trained technicians, service bays and regional spare-parts inventory are intended to reduce repair turnaround times and vehicle downtime. The support network serves commercial vehicles engaged in stone-crushing, road construction, communication-infrastructure transport and other heavy-duty operations in difficult terrain.
September 23, 2026
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Redeem-code eligibility limits govern BGMI's final Golden Miramar Pan reward drop through the official redemption portal.
BGMI's final redeem-code series offers limited-time Golden Miramar - Pan rewards through general redeem codes valid only until September 25 on the official redemption website. Redemption requires a Character ID, valid code, Captcha verification, and submission through the redeem centre. Each code is limited to 10 users on a first-come, first-served basis; users may redeem one code daily, and each code is usable once per account. Guest accounts are excluded, and in-game mail rewards must be claimed within 30 days.
September 23, 2026
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Aadhaar-based biometric attendance requires employee registration, integrates leave records, and triggers automated pay deductions for unauthorised absences.
Aadhaar Enabled Biometric Attendance System (AEBAS) is mandatory for regular and temporary government employees and integrates attendance and leave data with PRANALI. Monthly reports are verified to identify authorised leave and net absence. Remaining unauthorised absence may result in digitally issued extraordinary-leave or leave-without-pay orders, personnel-record updates, and automated salary deductions. Temporary employees' failure to record attendance is treated as leave without pay.
September 23, 2026
Show AI Summary
Initial public offering by Swastika Infra combines a fresh issue and offer for sale, subject to approvals.
Swastika Infra Limited proposes an initial public offering comprising a fresh issue of equity shares and an offer for sale, with proposed listings on BSE Limited and National Stock Exchange of India Limited. The allocation framework covers qualified institutional buyers, anchor investors, non-institutional investors and retail individual investors. Net fresh-issue proceeds are intended for incremental working-capital requirements and general corporate purposes. Completion remains subject to statutory and regulatory requirements, approvals, market conditions and other considerations.
September 23, 2026
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Monetary policy tightening may follow resilient growth as inflation, conflict risks, and weather pressures reshape economic projections.
FY27 GDP growth projections were raised to a range of 6.9%-7.1% on stronger June-quarter activity, resilient demand, investment, consumption, exports, capital inflows and limited supply disruptions. Growth may moderate as energy costs reduce purchasing power, activity slows and weather risks persist. Policy-rate tightening is projected as an inflation response, with forecasts of a 25-basis-point increase and temporary rate rises to offset price pressures.
September 23, 2026
Show AI Summary
Fisheries subsidy disciplines require transparent reporting, domestic monitoring, and coordinated implementation to address harmful subsidies and IUU fishing.
Fisheries subsidy disciplines target support linked to illegal, unreported and unregulated fishing, fishing of overfished stocks subject to rebuilding conditions, and fishing on the unregulated high seas. Members accepting the Agreement must implement and administer these disciplines and comply with notification and transparency obligations. Effective implementation depends on reliable fisheries data, monitoring and reporting systems, vessel registration, inter-agency coordination and technical capacity.
September 23, 2026
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Essential banking service continuity requires Sunday operations by public sector and regional rural banks during the proposed strike.
Public Sector Banks and Regional Rural Banks will function normally on Sunday, 27 September 2026, to prevent an extended interruption to public banking needs during the proposed nationwide strike. Reserve Bank approval covers full operation of branches, offices, ATM-link branches and Currency Chests, alongside measures intended to maintain uninterrupted essential banking services.
September 23, 2026
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Money laundering allegations in public recruitment describe CSR-linked payments, examination manipulation, and candidate payments treated as proceeds of crime.
Money-laundering allegations concerning state public-service examinations identify two alleged streams of proceeds of crime: corporate social responsibility funding allegedly routed to an institution controlled by the former commission chairman in return for favouring selected candidates, and money allegedly collected from candidates and families for advance access to examination papers and secured selection. The alleged CSR payment was projected as legitimate institutional funding, while candidate-related collections were allegedly possessed, used, transferred, or projected as legitimate transactions.
September 23, 2026
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Banking service continuity measures require public sector and regional rural banks to operate on Sunday during the proposed strike.
Banking-service contingency arrangements require Public Sector Banks and Regional Rural Banks to operate normally on Sunday, 27 September 2026, ahead of a proposed three-day bank strike. Reserve Bank approval permits bank branches, offices, ATM-linked branches and currency chests to remain fully operational. Customers are advised to use mobile banking, ATMs, internet banking, BC Points and UPI if the strike occurs, and to complete essential transactions in advance.

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Build satellite towns instead of giving extra FSI to get out of infrastructure 'chakravyuha': Gadgil

June 1, 2025

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Mumbai, Jun 1 (PTI) As mega urban centres like Mumbai and Pune are getting trapped in the 'chakravyuha' of flyovers and roads and reaching a saturation point, the government should stop giving additional floor space index (FSI) in these cities, senior Congress leader and urban planner Anant Gadgil has suggested.

He also said that since soil is increasingly getting replaced by concrete in urban areas, the space for water to percolate into the ground is shrinking and leading to rising instances of flooding after rains.

Talking to PTI, Gadgil, who was earlier a member of the state legislative council, said instead of giving additional FSIs, the government should focus on creating satellite townships like Navi Mumbai in the Mumbai-Pune-Nashik triangle to reduce the burden on the existing infrastructure.

FSI represents the maximum allowable floor area a developer can construct on a specific piece of land.

Both Mumbai and Pune have seen their infrastructure crumbling in heavy rains recently, Gadgil said, and suggested that the government should build good schools, colleges, hospitals in these satellite townships.

The government can give land at a reasonable or lower rates to prominent companies to set up their offices with a restriction that at least 75 per cent of the employees must live in these satellite townships so that the issue of traffic load will not crop up, he said.

"This kind of policy will benefit companies, builders, citizens and the government," Gadgil felt.

"The more the FSI, the more the number of flats, leading to more cars. Subsequently, cities end up with more number of flyovers to overcome traffic jams. Crores of rupees have already been spent on these flyovers. Though the structural life of all these flyovers is more than 75 years, its functionality for all practical purposes is hardly 15 to 20 years," he said.

He cited an example, saying when the Eastern Freeway connecting Chembur to D'Mello Road in south Mumbai was built over a decade ago, there was hardly any car on it.

"Today, at peak hours, there is bumper-to-bumper traffic on it. In other words, we are getting trapped in the 'chakravyuha' of roads and flyovers," Gadgil said.

Mumbai came to a standstill, not in the peak of the monsoon but only in the third week of May due to slashing unseasonal rains, he said.

"The moment the rain stops, Mumbaikars start blaming BMC, their favourite target. No one knows why flooding takes place when the authorities declare before monsoon that they have cleaned the drainage system well in advance," he said.

In Mumbai, while constructing a new building, every architect/developer has to show sufficient parking spaces in the plan for approval, Gadgil said.

Prior to 1991, only one car space per four to five 3-BHK flats was enough. Post-1991, when India began opening up its economy, the ratio went up to approximately 1 to 2 car spaces per 3-BHK flat. "Today it is approximately 1 to 2 car spaces per 2-BHK and 2 to 3 spaces per 3-BHK flat," he said.

"Three to four decades ago, Mumbai's well-planned areas like Khar-Bandra west, Sion-Chembur, Parsee Colony Dadar, Sewree-Wadala had at the most 3 to 4-storey buildings with garden/soil/plantation all around. Today, with 30 to 40-storey buildings built on these very plots, garden-plantation has vanished, replaced by concrete for parking, covering the entire ground floor in every new building," he said.

'But what people did not foresee was that soil is replaced by concrete. Then how can one expect water to penetrate inside the soil?" Gadgil asked.

He recalled raising the issue in the legislative council a couple of years ago.

"I had said Mumbaikars have lost 10 lakh square feet and Punekars 2 lakh square feet of soil to concrete for parking. The then environment minister announced that 30 per cent of the ground floor parking area in new buildings will remain non-concrete. But no such rule has been formulated by the government so far," he said.

Gadgil said he was the one who initially floated the idea of a Coastal Road in Mumbai along its coastline.

Mumbai being a linear city, with traffic only in south-north direction, he had suggested that east-west of the metropolis be linked at regular intervals through elevated railway like metro or monorail.

Gadgil said he had suggested that only 4 to 5-storey buildings on Mumbai's sea front be allowed while on the other hand, skyscrapers can be built inside the city with sufficient open space between two buildings so that the sea breeze can freely flow in controlling the pollution.

"But exactly the reverse of that has happened. Today, Mumbaikars have seen buildings rising from 5 storeys to 50 storeys and on the other hand they even saw some of the buildings collapsing," he added.

Gadgil said he raised this issue in the legislature and pointed out that apart from structural issues, in many such cases, the flat owner employed unqualified people for internal renovations who ended up breaking beams and walls, resulting in building collapse incidents.

"The current CM, then replying to my debate, announced the state government will bring a law making it mandatory to have an architect's certificate even for internal renovations of flats. Today, BMC officials say they have not even heard of such a thing as no GR is issued till date," he said. PTI MR NP GK

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