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    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
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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
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Gold Smuggling Enforcement: Concealed foreign-origin gold recovered from vehicles and a traveller, with arrests under customs law.
Gold-smuggling enforcement involved the seizure of approximately 21 kg of foreign-origin gold in two operations and the arrest of five persons under the Customs Act, 1962. Gold bars were recovered from sophisticated vehicle-chassis cavities, while gold bars and cut pieces were recovered from a passenger's specially designed cotton waist belt. The operations concerned suspected cross-border gold movement and targeted organised smuggling networks using sophisticated concealment methods.
September 24, 2026
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Cross-border gold smuggling enforcement resulted in Customs Act seizures after coordinated recovery of foreign-origin gold from border locations and a passenger.
Cross-border smuggling of foreign-origin gold through the Bangladesh route led to coordinated recoveries and seizures under the Customs Act, 1962. Gold recovered near the India-Bangladesh border was taken over for customs proceedings, including a seizure under Section 110. Foreign-origin gold concealed by a train passenger was also recovered and seized, with investigation indicating its smuggling from Bangladesh.
September 24, 2026
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BRICS tax cooperation creates standing platforms for international taxation, revenue statistics, professional capacity building and peer learning.
India-led BRICS tax cooperation established standing Working Groups on International Taxation and Transfer Pricing and Revenue Statistics, providing institutional platforms extending beyond individual Chairships. It also institutionalised an annual Young Tax Professionals Capacity Building Programme, launched the BRICS Tax Cross-Learning Lab for peer learning on client-centric administration and human-resources practices, and approved the Terms of Reference for the BRICS Tax Support Network.
September 24, 2026
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Wildlife trafficking enforcement applies protected-species safeguards to seized Tokay Geckos and enables further statutory action against suspected illegal trade.
Wildlife-trafficking enforcement led to interception of two persons and seizure of 86 live Tokay Geckos under the Wildlife (Protection) Act, 1972. Tokay Geckos receive Schedule I protection under that legislation and are listed in Appendix II of CITES, regulating international trade. The persons and recovered geckos were transferred to the Mariani Range Forest Office for further action.
September 24, 2026
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Restricted firecracker imports concealed through misdeclaration trigger seizure and criminal investigation under customs enforcement law.
Concealment of restricted firecrackers within an import container declared as bottles and wallpaper resulted in customs seizure under the Customs Act, 1962. Firecracker imports are restricted under the Foreign Trade Policy and require valid Directorate General of Foreign Trade authorisation and a Petroleum and Explosives Safety Organisation licence under the Explosives Rules, 2008. Investigation into attempted clandestine clearance led to the arrest under the Customs Act of a key syndicate member alleged to have orchestrated the import.
September 24, 2026
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Merger-control approval permits FIHM's phased acquisition of IIFL Capital Services equity through subscription, open offer and promoter purchase.
Merger-control approval permits FIHM to acquire certain additional equity share capital of IIFL Capital Services through a preferential issue on a private-placement basis and through shares tendered in a mandatory open offer. FIHM may also buy shares from the target's promoters if its aggregate shareholding with HWIC remains below the Target Shareholding after these steps.
September 24, 2026
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Full ownership acquisition in beauty and personal care receives competition approval for skin care and hair care operations.
Competition approval covers L'Ore al India Private Limited's acquisition of the entire shareholding in Onesto Labs Private Limited. The proposed combination concerns India's beauty and personal care sector and places the Target under the Acquirer's full ownership. Both entities operate in beauty and personal care products, including skin care and hair care.
September 23, 2026
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Advance disbursement of central government pay addresses anticipated banking disruption, with subsequent adjustment against the following month's entitlements.
Advance disbursement of September 2026 salary, wages and pensions is authorised on 25 September for central government employees, industrial employees and pensioners because of the proposed bank strike. Payments constitute advance payments and must be adjusted after full monthly entitlements are determined, with any adjustment made from October salary or wages. End-of-month banking transactions should, where feasible, be processed in advance.

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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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