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    EOW registers case against businessman, 4 others for ''forgery, unauthorised transactions''
    India's Russian oil imports hold near 1.8 million bpd as Middle East fills gaps
    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
    MCA issues advisory - cautions public against high-return promises by non-compliant Nidhi Companies
    Banks likely to deploy excess liquidity over next few months amid strong credit demand: RBI Deputy Guv
    Assam Cabinet approves rules for compulsory registration of Muslim marriages
    The Indian Economy in an Ever More Volatile and Complex World - Special Address by Dr. Poonam Gupta, Deputy Governor, Reserve Bank of India at the 13t...
    Technopark software exports rise 17.3 pc to Rs 17,092 cr in FY26
    IIEST, Shibpur partners with TCS to launch state-of-the-art centre of excellence in AI
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    US and China agree to extend trade truce by 2 months: Bessent
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    Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman inaugurates BRICS Heads of Tax Authorities Meeting in New Delhi
    DRI seizes 86 live Tokay Geckos in Assam in a crackdown on wildlife trafficking; two arrested
    DRI seizes 10,000 kg of firecrackers worth Rs. 3 crore at Nhava Sheva port
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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
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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
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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
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
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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.

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President Donald Trump pushes ahead with his maximalist immigration campaign in face of LA protests

June 10, 2025

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Washington, Jun 10 (AP) Donald Trump made no secret of his willingness to exert a maximalist approach to enforcing immigration laws and keeping order as he campaigned to return to the White House. The fulfillment of that pledge is now on full display in Los Angeles.

The president has put hundreds of National Guard troops on the streets to quell protests over his administration's immigration raids, a deployment that state and city officials say has only inflamed tensions. Trump called up the California National Guard over the objections of Democratic Governor Gavin Newsom — the first time in 60 years a president has done so — and is deploying active-duty troops to support the guard.

By overriding Newsom, Trump is already going beyond what he did to respond to Black Lives Matter protests in 2020, when he warned he could send troops to contain demonstrations that turned violent if governors in the states did not act to do so themselves. Trump said in September of that year that he "can't call in the National Guard unless we're requested by a governor" and that "we have to go by the laws." But now, the past and current president is moving swiftly, with little internal restraint to test the bounds of his executive authority in order to deliver on his promise of mass deportations. What remains to be seen is whether Americans will stand by him once it's operationalised nationwide, as Trump looks to secure billions from Congress to dramatically expand the country's detention and deportation operations.

For now, Trump is betting that they will.

"If we didn't do the job, that place would be burning down," Trump told reporters Monday, speaking about California. "I feel we had no choice. ... I don't want to see what happened so many times in this country." A crisis of Trump's own making The protests began to unfold on Friday as federal authorities arrested immigrants in several locations throughout the sprawling city, including in the fashion district of Los Angeles and at a Home Depot. The anger over the administration's actions quickly spread, with protests in Chicago and Boston as demonstrations in the southern California city also continued on Monday.

But Trump and other administration officials remained unbowed, capitalising on the images of burning cars, graffiti and Mexican flags — which, while not dominant, started to become the defining images of the unrest — to bolster their law-and-order cause.

Leaders in the country's most populous state were similarly defiant.

California officials moved on Monday to sue the Trump administration, with the state's attorney general, Rob Bonta, arguing that the deployment of troops "trampled" on the state's sovereignty and pushing for a restraining order. The initial deployment of 300 National Guard troops was expected to quickly expand to the full 2,000 that were authorised by Trump.

The state's senior Democratic senator, Alex Padilla, said in an interview that "this is absolutely a crisis of Trump's own making." "There are a lot of people who are passionate about speaking up for fundamental rights and respecting due process, but the deployment of National Guard only serves to escalate tensions and the situation," Padilla told The Associated Press. "It's exactly what Donald Trump wanted to do." Padilla slammed the deployment as "counterproductive" and said the Los Angeles Sheriff's Department was not advised ahead of the federalisation of the National Guard. His office has also pushed the Pentagon for a justification on the deployment, and "as far as we're told, the Department of Defense isn't sure what the mission is here," Padilla added.

Candidate Trump previewed immigration strategy during campaign Much of this was predictable.

During his 2024 presidential campaign, Trump pledged to conduct the largest domestic deportation operation in American history to expel millions of immigrants in the country without legal status. He often praised President Dwight D Eisenhower's military-style immigration raids, and the candidate and his advisers suggested they would have broad power to deploy troops domestically to enact Trump's far-reaching immigration and public safety goals.

Trump's speedy deployment in California of troops against those whom the president has alluded to as "insurrectionists" on social media is a sharp contrast to his decision to issue no order or formal request for National Guard troops during the insurrection at the US Capitol on January 6, 2021, despite his repeated and false assertions that he had made such an offer.

Trump is now surrounded by officials who have no interest in constraining his power. In 2020, Trump's then-Pentagon chief publicly rebuked Trump's threat to send in troops using the Insurrection Act, an 1807 law that empowers the president to use the military within the US and against American citizens.

Current Defence Secretary Pete Hegseth signalled support on his personal X account for deploying troops to California, writing, "The National Guard, and Marines if need be, stand with ICE," referring to the US Immigration and Customs Enforcement agency.

The Defence Department said on Monday it is deploying about 700 active-duty Marines to Los Angeles to support National Guard troops already on the ground to respond to the protests.

White House responds to an incompetent' governor Protesters over the weekend blocked off a major freeway and burned self-driving cars as police responded with tear gas, rubber bullets and flash-bang grenades in clashes that encompassed several downtown blocks in Los Angeles and led to several dozen arrests. Much of the city saw no violence.

But the protests prompted Trump to issue the directive Saturday mobilising the California National Guard over Newsom's objections. The president and his top immigration aides accused the governor of mismanaging the protests, with border czar Tom Homan asserting in a Fox News interview on Monday that Newsom stoked anti-ICE sentiments and waited two days to declare unlawful assembly in the city.

Trump told Newsom in a phone call on Friday evening to get the situation in Los Angeles under control, a White House official said. It was only when the administration felt Newsom was not restoring order in the city — and after Trump watched the situation escalate for 24 hours and White House officials saw imagery of federal law enforcement officers with lacerations and other injuries — that the president moved to deploy the Guard, according to the official, who was granted anonymity to discuss private deliberations.

"He's an incompetent governor," Trump said on Monday. "Look at the job he's doing in California. He's destroying one of our great states." Local law enforcement officials said Los Angeles police responded as quickly as they could once the protests erupted, and Newsom repeatedly asserted that state and city authorities had the situation under control.

"Los Angeles is no stranger to demonstrations and protests and rallies and marches," Padilla said. "Local law enforcement knows how to handle this and has a rapport with the community and community leaders to be able to allow for that." The aggressive moves prompted blowback from some of Trump's erstwhile allies. Ileana Garcia, a Florida state senator who in 2016 founded the group Latinas for Trump and was hired to direct Latino outreach, called the recent escalation "unacceptable and inhumane." "I understand the importance of deporting criminal aliens, but what we are witnessing are arbitrary measures to hunt down people who are complying with their immigration hearings — in many cases, with credible fear of persecution claims — all driven by a Miller-like desire to satisfy a self-fabricated deportation goal," said Garcia, referring to Stephen Miller, a White House deputy chief of staff and key architect of Trump's immigration crackdown.

The tactics could be just a preview to what more could come from the Trump administration and the Republican-controlled Congress. GOP lawmakers are working to pass a massive tax-and-border package that includes billions to hire thousands of new officers for Border Patrol and for ICE. The goal, under the Trump-backed plan, is to remove 1 million immigrants without status annually and house 100,000 people in immigration detention centres. (AP) RUK RUK

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