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    Rupee loses 7 paise to settle at 95.95 against US dollar
    Wizz Financial collaborates with City Union Bank to Unveil 'Wizz Voyager', the Ultimate Smart Travel Card
    Finnable Appoints Sreeram Iyer, Former Global COO at ANZ Banking Group's Corporate and Institutional Business, to its Board of Directors
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September 16, 2026
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Rupee depreciation reflected dollar strength, foreign outflows, elevated oil prices, and importer demand despite stronger domestic equities.
Foreign-exchange market conditions resulted in the rupee weakening for a seventh consecutive session and closing lower against the US dollar. Dollar strength, foreign fund outflows, elevated crude oil prices, higher US Treasury yields and increased importer demand for dollars exerted pressure on the currency. Positive domestic equity-market performance limited the downside, while expectations of a US Federal Reserve interest-rate increase supported the dollar index.
September 16, 2026
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Multi-currency prepaid travel cards enable foreign-exchange spending, exchange-rate locking, and mobile-based controls for Indian international travellers.
Wizzmoni Financial Services Ltd. and City Union Bank Ltd. have partnered to launch Wizz Voyager, a co-branded AI-powered multi-currency prepaid travel card for Indian residents undertaking international travel. The card supports 37 international currencies and provides real-time exchange-rate locking, spending controls, transaction tracking and mobile-app-based management. It is designed to facilitate foreign-exchange spending and management of multiple currencies through a single payment instrument.
September 16, 2026
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Non-executive nominee directorship strengthens lending governance, compliance, risk management and technology-led capability as the business scales responsibly.
Finnable has appointed Sreeram Ranganathan Iyer as a Non-Executive Nominee Director representing investor TVS Capital. The role is intended to strengthen board oversight as the non-banking financial company expands its lending operations. The identified priorities for sustainable growth include technology, compliance, governance, risk management, responsible lending, and data-driven underwriting. The nominee directorship reflects investor participation in governance and capability-building for a sustainable lending franchise.
September 16, 2026
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Money laundering investigation addresses alleged land grabbing through forged property records, fabricated claims, coercion, and denial of landowners' rights.
Money-laundering proceedings under the Prevention of Money Laundering Act concern alleged land grabbing through forged board resolutions, forged-sale agreements, fabricated deeds, and falsified property records. The alleged conduct includes manipulation of land records, civil proceedings based on false claims, denial of landowners' lawful entitlements, and threats or physical force against persons asserting legitimate rights. The investigation is linked to multiple police FIRs concerning the individual and associated entities.
September 16, 2026
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Trade performance estimates show merchandise and services exports increasing while imports rise, widening the cumulative trade deficit.
External trade estimates for April-August 2026-27 show combined merchandise and services exports of US$399.27 billion and imports of US$459.65 billion, with a trade deficit of US$60.38 billion. Merchandise exports reached US$215.91 billion, while services exports were estimated at US$183.36 billion. Non-petroleum exports increased to US$180.61 billion. Growth in August merchandise exports was driven by electronic goods, petroleum products, engineering goods, chemicals, and cotton yarn, fabrics, made-ups and handloom products. Services-sector figures for August were estimated using data available through July.
September 16, 2026
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Rupee depreciation amid dollar strength and foreign fund outflows highlights pressure from global monetary expectations and elevated oil prices.
Rupee depreciation against the US dollar in early trading reflected pressure from a stronger dollar and net foreign fund outflows, notwithstanding support from positive domestic equity-market performance. Dollar strength was associated with market expectations of a US Federal Reserve interest-rate increase to address inflation linked to higher oil prices. Elevated crude oil prices and risks to oil exports remained concerns, while domestic equity gains provided countervailing support.
September 16, 2026
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Fraudulent input tax credit through bogus invoices prompted arrest following allegations of invoicing without actual supply of goods.
The investigation concerned alleged fraudulent availment and passing on of inadmissible input tax credit through bogus invoices. Multiple suppliers were identified as non-existent, non-functional, suspended or cancelled, while field verification indicated an absence of genuine business activity at certain declared premises. Input tax credit was allegedly availed without receipt of goods and passed on through invoices without corresponding supplies. Statements recorded during investigation led to the arrest of a firm partner under the CGST Act.
September 16, 2026
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UPI merchant discount rate framework preserves free individual and small-merchant payments while charging specified larger merchant transactions.
UPI person-to-person transactions remain free irrespective of value, and person-to-merchant payments up to Rs.2,000 remain outside the merchant discount rate framework. Small merchants receiving qualifying UPI QR payments under the P2PM category continue to receive zero MDR treatment. MDR applies only to specified merchant payments above the threshold, with separate treatment for essential sectors and capital-market payments. Customers are not liable for MDR, merchants must not pass it on, and UPI application providers may not levy platform fees or hidden charges. MDR revenue supports payment ecosystem participants and small-merchant UPI adoption.
September 15, 2026
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Merchant discount rate on large-value UPI merchant payments supports infrastructure investment while preserving free user payments.
Merchant Discount Rate (MDR) of 0.4 per cent applies to large-value UPI person-to-merchant payments exceeding Rs 2,000 from October 15. MDR is a merchant payment ecosystem charge, not a fee payable by customers. Person-to-person UPI payments remain free for users, while person-to-merchant UPI payments below Rs 2,000 remain free for merchants. MDR distribution is intended to support payment technology, infrastructure, acceptance networks and sustained UPI growth.
September 15, 2026
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Special economic zone approval enables a silicon carbide semiconductor facility operating under an export-oriented technology investment framework.
Approval for a special economic zone-linked silicon carbide semiconductor manufacturing unit permits establishment of a facility under the jurisdiction of Falta Special Economic Zone. The unit is proposed to manufacture silicon carbide diodes and silicon carbide MOSFETs. Project financing combines government capital subsidies and promoter contribution, while the facility is projected to support export-oriented advanced semiconductor manufacturing, domestic capabilities, and technology-driven capital investment.
September 15, 2026
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Merchandise trade performance reflects strong export momentum, import-led deficit pressures, and expanded services trade during August.
Merchandise exports increased by 26.12 per cent year-on-year to USD 43.81 billion in August, led by electronics, engineering goods and petroleum products. Merchandise imports rose 14.1 per cent to USD 70.76 billion, driven by crude oil, project goods, electronic items, silver, coal and coke. Gold imports declined substantially, contributing to a five-month low merchandise trade deficit. During April-August 2026-27, higher imports reflected domestic economic expansion, energy requirements and manufacturing-sector input needs.
September 15, 2026
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Foreign exchange market pressures weakened the rupee as oil-import demand, risk aversion, dollar strength, and rising yields intensified.
Foreign exchange market pressures led to a sixth consecutive session of rupee depreciation against the US dollar. Higher Brent crude prices, dollar demand from oil importers, risk aversion, a stronger dollar and elevated global Treasury yields heightened concerns over inflation and India's external trade balance. Potential RBI intervention was viewed as a factor that could support the rupee at lower levels.
September 15, 2026
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Merchant discount rates for larger merchant UPI payments introduce category-based fees while preserving free consumer transfers.
Merchant discount rate framework introduces a 0.4 per cent charge on direct person-to-merchant UPI payments exceeding Rs 2,000, effective from 15 October 2026. The charge is capped at Rs 300 for higher-value payments and is payable by merchants to acquiring banks. Person-to-person transfers remain free regardless of value, and P2M payments up to Rs 2,000 remain outside the charge. App providers may not impose platform fees or hidden charges, and banks must prevent merchants from passing MDR costs to customers.
September 15, 2026
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Insolvency fraud enforcement targets collusive resolutions, coordinated predicate-offence investigations, accelerated money-laundering trials, and earlier victim asset restoration.
Enforcement priorities target suspected insolvency-resolution frauds involving collusive large haircuts, promoter reacquisition of assets, related-party claim inflation, creditor-process manipulation, asset stripping, and circumvention of resolution-applicant ineligibility. Coordination with police and other agencies is emphasised for predicate offences, including joint investigation teams and committal applications to enable combined trials of predicate and money-laundering offences. Asset restoration for legitimate victims is to be pursued early, especially in investor and homebuyer frauds.
September 15, 2026
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Export expansion and domestic manufacturing guide JCB India's strategy through broader equipment offerings, fuel efficiency, and operator comfort.
JCB India targets 15-20 per cent export growth during the current financial year and plans a similar increase in annual production. Its export operations cover approximately 135 countries, including Southeast Asia, Africa and developed markets. The company's construction and earthmoving equipment portfolio is designed, engineered and manufactured in India for domestic and international customers, with product development focused on fuel efficiency, operator ergonomics, comfort and productivity.
September 15, 2026
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Merchandise export growth driven by petroleum products coincided with lower gold imports and a narrowing trade deficit.
Merchandise exports increased sharply in August, led by petroleum product shipments, while imports also rose year-on-year. Reduced gold imports contributed to a narrower merchandise trade deficit. During the first five months of the fiscal year, the cumulative deficit widened as higher imports reflected domestic expansion, energy requirements and manufacturing-input demand. Energy commodities and electronic goods were principal contributors to the deficit, while export growth was supported by engineering goods, petroleum products, chemicals and textiles.
September 15, 2026
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Bribery allegations in CGST redevelopment approvals lead to arrests following a trap involving an intermediary consultant.
Bribery allegations concerning CGST redevelopment approvals led to registration of a case against a CGST Superintendent and unknown persons. The Superintendent allegedly sought undue advantage for issuing a no-objection certificate and handing over CGST-owned flats. Following verification, a trap was laid after the complainant was allegedly directed to deliver cash to a CGST consultant. Both the Superintendent and consultant were arrested, produced before the competent court, and placed in police custody. Further investigation remains in progress.
September 15, 2026
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Financial technology innovation receives recognition across banking, payments, lending, insurance, wealth management, cybersecurity and digital trust.
Global Fintech Awards 2026 recognised financial-technology innovation across banking, fintech, artificial intelligence, digital trust and identity, payments, lending, insurance, wealth management and cybersecurity. Its theme emphasised trusted, connected and inclusive financial systems, identifying Agentic AI, tokenisation and quantum technologies as areas of transformation. AI-powered financial innovation recognition covered AI applications in payments, banking, lending, insurance, and asset or wealth management.
September 15, 2026
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Tokenised corporate bonds under the regulatory sandbox enable blockchain-based issuance and settlement experimentation for non-banking finance companies.
IIFL Finance completed a tokenised bond transaction under the SEBI Regulatory Sandbox framework for securities tokenisation. The transaction used the Metropolitan Stock Exchange of India bidding platform, with Trust Investment Advisors Private Limited as sole arranger and advisor, and the bonds are intended to be listed on the National Stock Exchange of India. Securities tokenisation digitally represents securities through blockchain and distributed ledger technology to support more efficient, transparent and faster debt-market processes.
September 15, 2026
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Commercial-vehicle safety readiness and connected fleet support underpin expanded regional operations, automated transmission adoption, and localized manufacturing investment.
BharatBenz's product transformation is directed toward safer, more productive and efficient commercial transport. The truck and bus portfolio is being prepared with Advanced Driver Assistance Systems calibrated to Indian operating conditions in advance of evolving safety requirements. Automated Manual Transmission technology is being expanded to improve driver comfort, reduce fatigue, support fleet safety and efficiency, and lower total cost of ownership. Customer support combines connected fleet technology, service assurance, parts availability and service-network expansion.

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Rising Liver Disease Costs: Why Health Insurance is a Financial Lifesaver

June 3, 2025

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Rising Liver Disease Costs: Why Health Insurance is a Financial Lifesaver The incidence of liver diseases has been steadily rising in India over the past decade. This has resulted in placing a heavy financial burden on the affected families. In many cases, the cost of treatment often falls out of the limited means they have available. As a result, the high liver-related health care costs can quickly drain savings and leave long-lasting debt. However, having comprehensive health insurance can significantly reduce this financial strain by covering these costs without needing you to dip into your savings.

Introduction Liver disorders such as fatty liver disease, hepatitis, cirrhosis, cancer, and several others are on the rise. These conditions affect millions of people and result in significant financial costs for patients and their families. Treatment for the liver, one of the body’s essential organs, often comes at a high price.

Consequently, lakhs of patients now deal with financial crises in addition to their health problems. This article covers important details about the rising costs of liver disease treatments in India. It will also help you understand how a comprehensive health insurance online policy can serve as a crucial financial safety net for your family.

The Growing Burden of Liver Disease in India According to recent health statistics, liver diseases account for over 2.6 lakh deaths across India, which translates to 3.17% of all deaths in the country. Liver diseases are increasingly common in the Indian population due to these factors: • Rising alcohol consumption • Increasing prevalence of obesity and diabetes • Persistent viral hepatitis infections • Environmental toxins • Genetic factors The Rising Costs of Liver Disease Treatment Liver disease treatment spans a wide spectrum of expenses, depending on the condition’s severity and required interventions: 1. Diagnostic Costs Liver disease diagnosis requires a series of tests that progressively become more complex and expensive: • Basic liver function tests • Imaging studies like ultrasounds • Advanced imaging procedures like fibroscan and MRI • Liver biopsies These diagnostic procedures are often required repeatedly to monitor disease progression and treatment effectiveness, significantly increasing the financial burden.

Treatment for Common Liver Conditions Liver disease treatments vary widely in complexity and duration, resulting in significant financial implications. Here are the key aspects related to the treatment of common liver conditions: • Hepatitis: Treatment for hepatitis, particularly for chronic forms like Hepatitis B and C, typically lasts for months or years. Modern treatments, especially the newer direct-acting antivirals for Hepatitis C, require a significant financial investment.

• Cirrhosis: Cirrhosis management is a long-term process requiring regular specialist consultations, multiple medications, and frequent laboratory tests. Patients with compensated cirrhosis (early stage) face moderate but ongoing expenses, while those with decompensated cirrhosis (advanced stage) often require hospitalisation.

• Liver cancer: Liver cancer treatment involves a multi-modal approach including surgery, chemotherapy, and targeted therapies. The expenses increase substantially with advanced stages of cancer, requiring more aggressive treatment protocols.

Treatment Cost for Liver Transplant Liver transplantation represents the most expensive liver treatment, with costs that can range between Rs 25 to Rs 30 lakh. The transplant journey involves: • Pre-transplant evaluation, requiring extensive testing and consultations • The transplant surgery itself, which involves highly specialised surgical teams and intensive care • Post-transplant care and medications that continue lifelong to prevent rejection The compounded expenses make liver transplantation one of the most financially challenging medical procedures. It often leads to families selling assets, exhausting their savings, or taking on substantial debt to cover expenses in the absence of adequate insurance coverage.

How Health Insurance Protects Against Liver Disease Costs Having a comprehensive health insurance cover can significantly reduce the financial impact of liver disease treatment. Here is how: 1. Coverage for Diagnostics and Consultations Good health insurance plans cover diagnostic tests and specialist consultations, which are often needed for monitoring liver disease. This coverage ensures that patients don’t delay necessary check-ups due to cost concerns.

1. Hospitalisation Expenses Health insurance covers in-patient treatment costs, including: • Room charges • Doctor fees • Medicines and consumables • Nursing expenses • Operation theatre charges For liver patients who may require repeated hospitalisations, this coverage is invaluable.

1. Pre-and-Post-Hospitalisation Coverage Liver diseases often require extensive care before and after hospitalisation. Most health insurance plans offer coverage for medical expenses incurred 30-60 days before hospitalisation and 60-90 days after discharge, which is particularly important for liver patients requiring continuous care.

1. Day Care Procedures Several liver-related treatments like chemoembolisation for liver cancer or endoscopic procedures for varices don’t require 24-hour hospitalisation, but can be extremely expensive. Modern health insurance plans cover these day-care procedures, providing financial relief.

The Role of Critical Illness Insurance for Liver Patients While regular health insurance covers hospitalisation expenses, critical illness benefit offers additional assistance in case of severe conditions, including major liver diseases: 1. Lump-Sum Benefit Critical illness insurance offers a one-time lump-sum payout upon diagnosis of the covered serious conditions, including end-stage liver disease and liver cancer. This amount can be used for: • Treatment costs not covered by regular health insurance • Alternative therapies • Loss of income during treatment • Lifestyle modifications • Travel and accommodation for treatment 1. Income Replacement The lump-sum benefit can help replace lost income when a liver condition prevents the patient from working. This is crucial for liver transplant patients who may need extended recovery periods.

1. Coverage for International Treatments Some critical illness insurance plans can allow patients to seek treatment internationally, which might be necessary for complex liver cases requiring specialised care not available locally.

Choosing the Right Health Insurance for Liver Protection When selecting health insurance to safeguard against liver disease costs, consider these factors: • Coverage amount: Given the high cost of liver treatments, especially transplants, opt for a sum insured of at least ₹10-₹15 lakhs, preferably more.

• Waiting periods: Check the applicable waiting period for pre-existing conditions. Some plans have shorter waiting periods for liver-related pre-existing conditions, which is beneficial if you already have early-stage liver issues.

• Sub-limits and co-payment: Look for plans with minimal sub-limits on room rent and specific treatments. Plans with no co-payment requirement are preferable for liver patients who might need frequent medical interventions.

• Specific disease coverage: Ensure that the plan covers liver diseases comprehensively, including transplant coverage, if possible.

Conclusion The financial burden of liver diseases can be overwhelming, particularly as treatment costs continue to rise. Having adequate health insurance online is no longer a luxury but a necessity to protect against these potentially catastrophic expenses. Combining comprehensive health insurance with critical illness insurance provides the most robust financial protection for individuals with liver disease.

Disclaimer: The above information is for illustrative purpose only. For more details, please refer to policy wordings and prospectus before concluding the sales.

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

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