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    Issuance Calendar for Marketable Dated Securities for October 2026-March 2027
    Government’s Borrowing Plan for the second half of FY 2026-27
    APEDA Facilitates Export of GI-Tagged Gulbarga Tur Dal from Karnataka to Maldives
    11th Meeting of National Traders’ Welfare Board Convened in New Delhi
    DRI seizes 9.40 kg foreign-origin gold worth around Rs. 15 crore at Mumbai airport; three arrested
    DRI seizes over 125,000 kg foreign-origin smuggled areca nuts and 41,000 kg poppy seeds worth around Rs. 20.31 crore in Assam and Mizoram in a crackdo...
    Envision Energy Secures TÜV SÜD Certificate for Wind Farm Control System, Strengthening Long-Term Resilience for Future Energy Systems
    India's forex reserves fall USD 14.89 bn to USD 766 bn: RBI data
    No commitment given to bank unions on 5-day work week by Finance Ministry, say sources
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    From Digital Banking to Resilient Banking – Technology, Cyber Security and AI as Pillars of Trust - Address by Shri Rohit Jain, Deputy Governor at t...
    Union Minister of Commerce and Industry Shri Piyush Goyal Highlights India’s Expanding Global Economic Engagement and Growing Integration with Globa...
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September 25, 2026
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Government securities auction calendar establishes retail bidding access, flexible issuance terms, greenshoe subscriptions, and periodic debt switch operations.
Each auction carries a non-competitive bidding facility, under which five per cent of the notified amount is reserved for specified retail investors. The Government may modify indicated amounts, issuance periods and maturities, and may issue instruments with non-standard maturities, floating-rate bonds or inflation-indexed bonds, having regard to governmental requirements, market conditions and other relevant factors. It may retain additional subscriptions through a greenshoe option and conduct switch or buyback auctions of dated securities.
September 25, 2026
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Market borrowing plan sets dated securities auctions, Treasury Bill issuance, redemption management, and temporary cash-flow support.
Government market borrowing for the second half of FY 2026-27 is to be raised through weekly auctions of dated securities, including Sovereign Green Bonds, across maturities from 3 to 50 years. Debt-management measures include switching and buyback operations to smooth the redemption profile and a greenshoe option for additional subscriptions. Treasury Bills are to be issued through weekly auctions in 91-day, 182-day and 364-day maturities. The Ways and Means Advances limit is fixed to address temporary mismatches in government accounts.
September 25, 2026
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GI-tagged agricultural exports expand farmer access to international markets through FPO-led value chains and higher price realisation.
APEDA facilitated the export of a one-metric-tonne consignment of GI-tagged Gulbarga Tur Dal from Karnataka to the Maldives through an FPO-led brand. Gulbarga Tur Dal has held GI registration since 2019. The export-linked channel provides farmers a realisation of Rs.82 per kg compared with a prevailing market price of Rs.60 per kg, while supporting closer integration of FPOs and farmers into export-oriented supply chains.
September 25, 2026
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Trader welfare policy discussions covered GST reform, digital commerce, finance access, export promotion, and coordinated institutional support.
Deliberations covered GST rationalisation, refund delays, audit duration, amnesty schemes, input tax credit anomalies and pending appeals, alongside proposed inclusion of traders in MSME facilitation committees, a centralised loan portal with a 30-day timeline, CIBIL score reforms and grievance helplines. Trader welfare measures considered timely contractor payments, safeguards against technical penalties, loan-repayment flexibility during lean periods and stronger Centre-State coordination.
September 25, 2026
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Gold smuggling through powdered gold concealed in food products led to seizure and arrests under customs law.
Intelligence-led interception and baggage examination identified foreign-origin gold converted into fine powder and mixed with packaged food products of similar colour, texture and consistency. Segregation and assaying yielded 9.40 kg foreign-origin gold, which was seized under the Customs Act, 1962. Questioning linked the passengers to the same organised gold-smuggling syndicate, and they were arrested under that Act.
September 25, 2026
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Customs seizure of suspected smuggled areca nuts and restricted poppy seeds followed intelligence-led cross-border enforcement operations.
Intelligence-led customs enforcement in Mizoram and Assam resulted in seizure, under the Customs Act, 1962, of suspected foreign-origin areca nuts and poppy seeds believed on preliminary inquiry to have been smuggled from Myanmar. Searches of locked, unattended godowns near the Indo-Myanmar border recovered the commodities, while interception of two trucks carrying poppy seeds without valid import documents led to seizure of the consignments and vehicles. Four persons connected with transportation of the poppy seeds were arrested.
September 25, 2026
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Industrial control system cybersecurity certification validates system-level protection across wind farm controls, networks, and lifecycle security services.
IEC 62443-3-3 Security Level 2 certification applies to a wind farm control system covering SCADA, PPC, PLC and industrial network devices. It assesses system-level security requirements, including the interaction of components, networks and security mechanisms within an overall industrial control environment. The cybersecurity framework also spans secure development, certified core control components, system-level protection, and security integration and maintenance services across the lifecycle of wind energy technologies.
September 25, 2026
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Foreign exchange reserve composition reflects a weekly decline driven by foreign currency assets despite a modest gold increase.
India's foreign exchange reserves declined by USD 14.881 billion to USD 765.901 billion for the week ended 18 September 2026. The contraction was principally driven by a reduction in foreign currency assets, which also reflect valuation effects from movements in non-US reserve currencies. Gold reserves increased, while Special Drawing Rights decreased and the reserve position with the International Monetary Fund remained reported separately.
September 25, 2026
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Five-day banking proposal remains under consideration amid strike plans and measures for uninterrupted banking and advance disbursements.
Five-day banking remains under governmental consideration, with no Finance Ministry commitment to implementation. Unions linked the proposal to the 12th Bipartite Settlement/9th Joint Note, which contemplated extended Monday-to-Friday working hours. Family pension revision and a pension option for resignees were identified as addressed, while withdrawal of the Performance Linked Incentive scheme remains in abeyance. Public sector banks were instructed to remain open on the preceding Sunday, and central government salaries, wages and pensions were directed to be disbursed in advance.
September 25, 2026
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Alternative fuel transition promotes ethanol, electric and hydrogen mobility to reduce imports, pollution, and strengthen farm income.
Alternative-fuel and public-transport measures seek to reduce dependence on imported petroleum, curb air pollution, and support farmer income and employment. Ethanol is positioned as a farm-income source through increased demand and returns for maize growers, alongside electricity, hydrogen and waste-derived CNG. Development and introduction of flex-fuel vehicles, using engines capable of operating on ethanol, electric tractors, hydrogen-powered vehicles and hydrogen buses form part of a cleaner-mobility strategy.
September 25, 2026
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Foreign-exchange market intervention expectations supported rupee appreciation amid improved risk sentiment, while importer demand and crude prices constrained gains.
Foreign-exchange market conditions supported a 19-paise appreciation of the rupee to 95.80 against the US dollar, aided by improved global risk sentiment and expectations of Reserve Bank intervention. Dollar demand from importers, high crude prices and US dollar strength constrained gains. Lower crude prices and dollar weakness could support the rupee, while geopolitical escalation may create pressure. Market participants expected intervention if the currency weakened toward 96.
September 25, 2026
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Credit health assessment combines score, repayment history, utilisation, accounts and enquiries to support informed borrowing and profile monitoring.
Credit health is broader than a numerical credit score and encompasses the way credit has been managed over time. Credit analysis requires a combined review of the score, repayment history, credit accounts, credit utilisation, credit history and credit enquiries. A credit report may identify management of EMIs and credit-card dues, existing borrowing obligations, use of revolving credit relative to available limits, and recent lender checks associated with credit applications. Incorrect or unfamiliar entries may be reviewed and, where necessary, raised with the relevant lender or credit bureau.
September 25, 2026
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Fuel-price mitigation measures use tax reductions, targeted subsidies and energy-security policies to ease pressure on households and energy-intensive industries.
European fuel-price intervention combines targeted subsidies, fuel-tax reductions, temporary regulatory flexibilities and energy-security investment to moderate the economic effects of sharply higher gasoline and diesel prices caused by disrupted supplies. Member States have temporary discretion to grant state aid to households and energy-intensive sectors, including agriculture, transport and fishing, and limited flexibility under EU spending rules for investments that improve energy security and reduce dependence on imported fossil fuels.
September 25, 2026
Show AI Summary
AI management certification anchors responsible lifecycle governance, transparency, accountability, security, and human oversight for agentic loyalty systems.
ISO/IEC 42001:2023 certification applies to an Artificial Intelligence Management System governing AI development, deployment, oversight and continual improvement within the GRAVTY platform. The framework supports AI-related risk management, responsible governance, transparency, accountability, security and human oversight throughout the AI lifecycle. Its scope includes supervised and unsupervised learning models and large language models supporting personalised engagement, fraud management, loyalty intelligence, autonomous decision-making, operational automation and workflow support.
September 25, 2026
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Digital warehousing controls propose electronic tracking, secure transport, monthly returns, and risk-based compliance verification for warehoused goods.
Draft Warehousing Operations Regulations, 2026 would require public and private warehouse licensees to use the electronic portal and a digital warehouse management system for receipt, storage, transfers, removals and accounting of warehoused goods. Transport would generally require a one-time-lock and transit-risk insurance, subject to specified exemptions. Licensees would verify locks and goods, report discrepancies, maintain auditable electronic records, submit monthly returns, and permit removals for home consumption or export only upon electronic clearance orders. Non-confirmation, discrepancies and contraventions would trigger information demands, risk-based verification and action under the Customs Act.
September 25, 2026
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Technology risk governance requires banks to retain accountability, test resilience, and govern artificial intelligence before scaling financial services.
Technology risk governance must treat technology architecture as a first-order enterprise risk, alongside conventional financial risks, because the availability and integrity of core banking, payments, onboarding, credit, fraud-monitoring and reporting systems determine whether customers can access essential financial services. Banks may outsource technology functions but retain accountability for access controls, concentration, recoverability, data protection and exit options. Effective resilience requires secure architecture, asset visibility, timely remediation of vulnerabilities and legacy systems, identity and access management, effective controls, third-party oversight, post-incident learning, and regular recovery testing.
September 25, 2026
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Global value chain integration advances trade partnerships, semiconductor capacity, and deep-tech innovation within broader economic engagement.
India's global economic engagement prioritises trade and economic partnerships to strengthen participation in global value chains and supply chains, facilitating cross-border movement of goods and services. The approach is linked to projected semiconductor demand and development of artificial-intelligence capabilities, alongside innovation, deep-tech startup support and private-sector space activity. The startup ecosystem is described as having expanded substantially, with current policy emphasis on deep-tech innovation and participation in global markets.
September 25, 2026
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Trade agreement review targets balanced, user-friendly, trade-facilitative rules to address asymmetries and strengthen regional commerce.
The ongoing review of the ASEAN-India Trade in Goods Agreement seeks to enhance trade flows, address trade asymmetries, and deliver a balanced, effective, user-friendly, and trade-facilitative arrangement for businesses. It forms part of India's commitment to mutually beneficial trade partnerships and regional trade arrangements.
September 24, 2026
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Portfolio management reforms broaden permitted investments, establish independent fund managers, and retain registered managers' responsibility for client portfolios.
Portfolio-management reforms replace the 2020 framework and expand investments into IPOs, primary-market debt, listed overseas equity and debt, and direct plans of Indian mutual fund schemes. Investment-grade unlisted non-convertible debt may comprise up to 10 per cent of client assets under management with client consent. Independent Fund Managers may operate with registered portfolio managers, which retain responsibility and liability. Accredited-investor eligibility is broadened, while specified compliance requirements are relaxed where adequate audit trails and internal controls exist.
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.

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10 years after Europe's migration crisis, fallout reverberates in Greece, beyond

June 20, 2025

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Lesbos (Greece), Jun 20 (AP) Fleeing Iran with her husband and toddler, Amena Namjoyan reached a rocky beach of this eastern Greek island along with hundreds of thousands of others.

For months, their arrival overwhelmed Lesbos. Boats fell apart, fishermen dove to save people from drowning, and local grandmothers bottle-fed newly arrived babies.

Namjoyan spent months in an overcrowded camp. She learned Greek. She struggled with illness and depression as her marriage collapsed. She tried to make a fresh start in Germany but eventually returned to Lesbos, the island that first embraced her.

Today, she works at a restaurant, preparing Iranian dishes that locals devour, even if they struggle to pronounce the names. Her second child tells her, "I'm Greek." “Greece is close to my culture, and I feel good here,” Namjoyan said. “I am proud of myself.” In 2015, more than 1 million migrants and refugees arrived in Europe — the majority by sea, landing in Lesbos, where the north shore is just 10 kilometres from Turkiye.

The influx of men, women and children fleeing war and poverty sparked a humanitarian crisis that shook the European Union to its core. A decade later, the fallout still reverberates on the island and beyond.

For many, Greece was a place of transit. They continued on to northern and western Europe. Many who applied for asylum were granted international protection; thousands became European citizens. Countless more were rejected, languishing for years in migrant camps or living in the streets.

Some returned to their home countries. Others were kicked out of the European Union.

For Namjoyan, Lesbos is a welcoming place — many islanders share a refugee ancestry, and it helps that she speaks their language. But migration policy in Greece, like much of Europe, has shifted toward deterrence in the decade since the crisis.

Far fewer people are arriving illegally. Officials and politicians have maintained that strong borders are needed. Critics say enforcement has gone too far and violates fundamental EU rights and values.

“Migration is now at the top of the political agenda, which it didn't use to be before 2015,” said Camille Le Coz Director of the Migration Policy Institute Europe, noting changing EU alliances. “We are seeing a shift toward the right of the political spectrum.” A humanitarian crisis turned into a political one In 2015, boat after boat crowded with refugees crashed onto the doorstep of Elpiniki Laoumi, who runs a fish tavern across from a Lesbos beach. She fed them, gave them water, made meals for aid organisations.

“You would look at them and think of them as your own children," said Laoumi, whose tavern walls today are decorated with thank-you notes.

From 2015 to 2016, the peak of the migration crisis, more than 1 million people entered Europe through Greece alone. The immediate humanitarian crisis — to feed, shelter and care for so many people at once — grew into a long-term political one.

Greece was reeling from a crippling economic crisis. The influx added to anger against established political parties, fuelling the rise of once-fringe populist forces.

EU nations fought over sharing responsibility for asylum seekers. The bloc's unity cracked as some member states flatly refused to take migrants. Anti-migration voices calling for closed borders became louder.

Today, illegal migration is down across Europe While illegal migration to Greece has fluctuated, numbers are nowhere near 2015-16 figures, according to the International Organisation for Migration. Smugglers adapted to heightened surveillance, shifting to more dangerous routes.

Overall, irregular EU border crossings decreased by nearly 40 per cent last year and continue to fall, according to EU border and coast guard agency Frontex.

That hasn't stopped politicians from focusing on — and sometimes fearmongering over — migration. This month, the Dutch government collapsed after a populist far-right lawmaker withdrew his party's ministers over migration policy.

In Greece, the new far-right migration minister has threatened rejected asylum seekers with jail time.

A few miles from where Namjoyan now lives, in a forest of pine and olive trees, is a new EU-funded migrant centre. It's one of the largest in Greece and can house up to 5,000 people.

Greek officials denied an Associated Press request to visit. Its opening is blocked, for now, by court challenges.

Some locals say the remote location seems deliberate — to keep migrants out of sight and out of mind.

“We don't believe such massive facilities are needed here. And the location is the worst possible – deep inside a forest,” said Panagiotis Christofas, mayor of Lesbos' capital, Mytilene. “We're against it, and I believe that's the prevailing sentiment in our community.” A focus on border security For most of Europe, migration efforts focus on border security and surveillance.

The European Commission this year greenlighted the creation of “return” hubs — a euphemism for deportation centres — for rejected asylum seekers. Italy has sent unwanted migrants to its centres in Albania, even as that faces legal challenges.

Governments have resumed building walls and boosting surveillance in ways unseen since the Cold War.

In 2015, Frontex was a small administrative office in Warsaw. Now, it's the EU's biggest agency, with 10,000 armed border guards, helicopters, drones and an annual budget of over 1 billion euros.

On other issues of migration — reception, asylum and integration, for example — EU nations are largely divided.

The legacy of Lesbos Last year, EU nations approved a migration and asylum pact laying out common rules for the bloc's 27 countries on screening, asylum, detention and deportation of people trying to enter without authorization, among other things.

“The Lesbos crisis of 2015 was, in a way, the birth certificate of the European migration and asylum policy,” Margaritis Schinas, a former European Commission vice president and a chief pact architect, told AP.

He said that after years of fruitless negotiations, he's proud of the landmark compromise.

“We didn't have a system,” Schinas said. “Europe's gates had been crashed." The deal, endorsed by the United Nations refugee agency, takes effect next year. Critics say it made concessions to hardliners. Human rights organisations say it will increase detention and erode the right to seek asylum.

Some organisations also criticise the “externalisation” of EU border management — agreements with countries across the Mediterranean to aggressively patrol their coasts and hold migrants back in exchange for financial assistance.

The deals have expanded, from Turkiye to the Middle East and across Africa. Human rights groups say autocratic governments are pocketing billions and often subject the displaced to appalling conditions.

Lesbos still sees some migrants arrive Lesbos' 80,000 residents look back at the 2015 crisis with mixed feelings.

Fisherman Stratos Valamios saved some children. Others drowned just beyond his reach, their bodies still warm as he carried them to shore.

“What's changed from back then to now, 10 years on? Nothing,” he said. “What I feel is anger — that such things can happen, that babies can drown.” Those who died crossing to Lesbos are buried in two cemeteries, their graves marked as “unknown”.

Tiny shoes and empty juice boxes with faded Turkish labels can still be found on the northern coast. So can black doughnut-shaped inner tubes, given by smugglers as crude life preservers for children. At Moria, a refugee camp destroyed by fire in 2020, children's drawings remain on gutted building walls.

Migrants still arrive, and sometimes die, on these shores. Lesbos began to adapt to a quieter, more measured flow of newcomers.

Efi Latsoudi, who runs a network helping migrants learn Greek and find jobs, hopes Lesbos' tradition of helping outsiders in need will outlast national policies.

“The way things are developing, it's not friendly for newcomers to integrate into Greek society,” Latsoudi said. "We need to do something. ... I believe there is hope.” (AP) PY PY

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