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    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...
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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
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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.
September 24, 2026
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Fiscal responsibility limits frame cautions on new projects as budgetary discipline rather than financial crisis.
Finance-department advice treats fiscal indicators as grounds for restraint in approving additional expenditure rather than as evidence that funds are unavailable. Funding new projects may be difficult until additional resources are mobilised or allocations already approved are reallocated. Project proposals lacking budgetary provision or earmarked funding may create cash-flow pressures and fiscal-management challenges, requiring deferment until resources are finalised.
September 24, 2026
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Corporate document forgery allegations trigger investigation into unauthorised insolvency consortium participation and disputed share transfers.
An FIR concerns alleged cheating, forgery, criminal conspiracy, corporate-document misuse, and unauthorised financial liabilities arising from participation in a corporate insolvency resolution process. Allegations include entering a consortium arrangement without the Parekh Group's knowledge or authorisation, reliance on a fabricated and unapproved board resolution, and unauthorised transfer of shares to a group-controlled entity. Investigation covers disputed-record authenticity, alleged digital-signature misuse, and financial transaction trails.
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.

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Sugar, Spice, and Sustainability: Chetanya Rai’s New Pastry Language

June 20, 2025

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For Indian-born pastry chef Chetanya Rai, food has never just been about flavor—it’s about story, memory, and responsibility. From watching his mother craft homemade sweets in a bustling Indian kitchen to working in the high-precision environment of Michelin-starred Atlas, his journey represents a fusion of heritage and innovation. His pastries are not only visually striking and technically sophisticated but also infused with Indian identity and shaped by a deep commitment to sustainability.

Today, as he prepares to launch his own globally inspired dessert concept, Chetanya is part of a growing generation of chefs who are challenging stereotypes about pastry, flavor, and indulgence. Through bold experimentation and storytelling, he’s showing the world that Indian flavors belong on the global fine dining stage—and that dessert can be both beautiful and responsible.

A Sweet Start in India “My earliest memories of pastry are in our home kitchen,” Chetanya recalls. “My mom had this incredible ability to make desserts from whatever was available—and make them magical.” Her raw mango jam, infused with spices and a hint of bitterness, is something he still carries in his creative palette today. It wasn’t just about taste; it was about transforming ingredients with love, attention, and artistry.

Growing up in India, where sweets play a pivotal role in celebrations and religious rituals, he was immersed in a culture that valued complex, technique-heavy desserts. Whether it was the fine sugarwork in jalebi or the layered richness of soan papdi, Indian desserts taught him about structure, balance, and finesse. “The traditional Indian pastry world is already a masterclass in culinary discipline. I didn't know I was being trained from the age of five.” Pastry Training and Michelin-Grade Precision To complement this foundation, Chetanya trained formally and earned his Level 1 pastry certification from the City and Guilds of London. He then took his skills to the world of fine dining, where he worked at Michelin-starred Atlas, known for its sophisticated French techniques and exacting standards.

“Working in a Michelin-starred kitchen changes your relationship with detail. It’s not just about getting the technique right once—it’s about consistency, day after day, service after service,” he says. “You learn to think like both a scientist and an artist.” In that intense environment, he sharpened his skills in fermentation, French viennoiserie, and contemporary plated desserts. But more importantly, he began to imagine how these techniques could be used to elevate Indian ingredients and reinterpret his cultural influences in a fine-dining context.

Fusion with Purpose: Indian Flavors in Modern Pastry One of Chetanya’s most talked-about innovations is the Ube Baguette—a golden, crisp artisan baguette with a swirl of deep purple yam marbled through the crumb. It’s a visual showstopper, but also a technically complex one. “Getting the fermentation and hydration levels right was tricky with the ube paste. But I wanted to create something that felt joyful and unexpected while still rooted in classical baking.” Another signature creation is inspired by his grandmother’s raw mango jam. “She used to make it with mangoes, jaggery, and kalonji seeds,” he explains. “I wanted to take that memory and turn it into something new.” His version? A plated French toast dish with caramelized brioche, spiced mango jam, and a jaggery glaze—bringing together warmth, nostalgia, and innovation.

“These dishes aren’t just about flavor,” he says. “They’re about storytelling. I want people to taste a memory, a culture, a journey.” Pastry with a Conscience: Sustainability in Every Step As a pastry chef, Chetanya is equally known for his sustainability philosophy—something that can often be overlooked in the sugar-drenched world of dessert. “There’s a misconception that pastry is inherently wasteful or indulgent. But I see it as an opportunity to show how thoughtful choices can make a big difference.” In his kitchen, food waste is minimized by repurposing trims and off-cuts. Local and seasonal ingredients are prioritized, and he often replaces refined sugars with alternatives like jaggery, date syrup, or fruit purées.

Even traditional Indian ingredients like moong dal and bajra (pearl millet) make an appearance—not for novelty, but for their nutritional value and lower environmental footprint. “Once I created a ciabatta with yellow lentils,” he says, “and it made the crumb silkier and the bread more nourishing. Sustainability isn’t just about saying ‘no’—it’s about saying ‘yes’ to better possibilities.” His ultimate goal? A model where desserts can be refined, globally appealing, and environmentally responsible.

Mentorship and Cross-Cultural Collaboration Chetanya’s influence extends beyond the kitchen. He’s an active mentor, especially for chefs looking to explore Indian flavors in modern formats. As a member of the Craft Guild of Chefs and, Indian Culinary Forum, he frequently leads workshops and collaborates with rising talents.

“It’s important to pass on the knowledge, especially when it comes to underrepresented cuisines. Indian pastry isn’t just gulab jamun. There’s so much depth and technique behind it, and I want to help other chefs discover that.” From teaching peers how to work with spices like saffron and cardamom to exploring ancient grains in laminated doughs, his mentorship is driven by curiosity and cultural pride. “We can’t evolve our cuisine if we keep it locked in tradition. It needs to breathe, travel, and grow.” The Dream Ahead: A Global Dessert Course Now, Chetanya is working toward launching his most ambitious project: a global, course-style dessert concept. Unlike a traditional patisserie or bakery, this concept will offer a curated tasting menu focused entirely on desserts, each course inspired by a different region or culture.

“I want it to feel like a dessert museum and storytelling experience rolled into one,” he explains. “One course might be a Japanese-inspired wagashi with Indian tamarind, the next could be a French mille-feuille layered with spiced pumpkin halwa. It’s not just fusion—it’s about telling the origin stories of ingredients and cultures.” The emphasis, as always, will be on sustainability and provenance. He plans to work directly with farmers, use native grains, and introduce diners to both lost and loved ingredients. “It’s a space for celebration—of flavor, craftsmanship, and diversity.” Conclusion: Tradition, Innovation, and Purpose on Every Plate In a world that often places pastry in a narrow box—either classical or kitsch—Chetanya Rai is carving out a new lane: one that’s globally aware, deeply personal, and future-facing. With Indian heritage as his compass and sustainability as his engine, his work bridges gaps between generations, cultures, and cuisines.

Whether it’s a lentil-infused ciabatta, a raw mango brioche toast, or a shimmering ube baguette, Chetanya’s desserts carry meaning beyond their elegance. They’re acts of storytelling, acts of care. And as he steps into his next chapter, he brings with him a vision not just for the future of pastry but for how food itself can be a more responsible, inclusive, and expressive art form.

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

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