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September 25, 2026
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Interest-free working capital assistance for FCV tobacco growers supports liquidity, institutional loan repayment, crop inputs, and reduced private borrowing.
A one-time, interest-free working-capital loan of Rs. 50,000 per barn is approved for FCV tobacco growers in Andhra Pradesh under the Interest-Free Working Capital Assistance Scheme. Covering about 44,000 growers, the assistance is proposed to be delivered through direct benefit transfer. It is intended to provide liquidity for household requirements, institutional loan repayment and crop inputs, while reducing dependence on private borrowing.
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.
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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.
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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.
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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.
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Digital warehousing controls propose electronic tracking, secure transport, monthly returns, and risk-based compliance verification for warehoused goods.
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Technology risk governance requires banks to retain accountability, test resilience, and govern artificial intelligence before scaling financial services.
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NATO leaders set to agree on historic defence spending pledge, but hike won't apply to all

June 24, 2025

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The Hague, Jun 24 (AP) The head of the NATO military alliance warned Monday that no country could have an opt-out from a massive new hike in defence spending, and that progress they make toward reaching the new target will be reviewed in four years.

At a summit in the Netherlands on Wednesday, NATO leaders are expected to endorse a goal of spending 5% of their gross domestic product on their security, to be able to fulfil the alliance's plans for defending against outside attack.

“NATO has no opt-out, and NATO does no side deals,” NATO Secretary-General Mark Rutte told reporters in The Hague. “It is critical that each ally carries their fair share of the burden.” However, Spain said that it has reached a deal with NATO to be excluded from the 5% target, while President Donald Trump said the figure shouldn't apply to the United States, only its allies.

In announcing Spain's decision Sunday, Prime Minister Pedro Sánchez said the spending pledge language in NATO's final summit communique — a one-page text of perhaps half a dozen paragraphs — would no longer refer to “all allies”.

It raises questions about what demands could be insisted on from other members of the alliance like Belgium, Canada, France and Italy that also would struggle to hike security spending by billions of dollars. Rutte conceded that for some, reaching 5% will “still be a long road ahead”.

On Friday, Trump insisted the US has carried its allies for years and now they must step up. “I don't think we should, but I think they should,” he said. “NATO is going to have to deal with Spain.” Trump also branded Canada “a low payer”.

NATO's new spending goals The 5% goal is made up of two parts. The allies would agree to hike pure defence spending to 3.5% of GDP, up from the current target of at least 2%, which 22 of the 32 countries have achieved. Money spent to arm Ukraine also would count.

A further 1.5% would include upgrading roads, bridges, ports and airfields so armies can better deploy, establishing measures to counter cyber and hybrid attacks and preparing societies for future conflict.

The second spending basket is easy for most nations, including Spain. Much can be included. But the 3.5% on core spending is a massive challenge.

Last year, Spain spent 1.28% of GDP on its military budget, according to NATO estimates, making it the alliance's lowest spender. Sánchez said Spain would be able to respect its commitments to NATO by spending 2.1% of GDP on defence needs.

Spain also is among Europe's smallest suppliers of arms and ammunition to Ukraine, according to the Kiel Institute, which tracks such support. It's estimated to have sent about 800,000 euros ($920,000) worth of military aid since Russia invaded in 2022.

Beyond Spain's economic challenges, Sánchez has other problems. He relies on small parties to govern and corruption scandals have ensnared his inner circle and family members. He is under growing pressure to call an early election.

Why the spending increase is needed There are solid reasons for ramping up spending.

The Europeans believe Russia's war on Ukraine poses an existential threat to them. Moscow has been blamed for a major rise in sabotage, cyberattacks and GPS jamming incidents. European leaders are girding their citizens for the possibility of more.

The alliance's plans for defending Europe and North America against a Russian attack require investments of at least 3%, NATO experts have said. All 32 allies have endorsed these. Each country has been assigned “capability targets” to play its part.

Spanish Foreign Minister José Albares said Monday that “the debate must be not a raw percentage but around capabilities.” He said Spain “can reach the capabilities that have been fixed by the organization with 2.1%.” Countries much closer to Russia, Belarus and Ukraine all have agreed to reach the target, as well as nearby Germany, Norway, Sweden and the Netherlands, which is hosting the two-day summit starting Tuesday.

The Netherlands estimates NATO's defense plans would force it to dedicate at least 3.5% to core defence spending. That means finding an additional 16 billion to 19 billion euros ($18 billion to $22 billion).

Setting a deadline It's not enough to agree to spend more money. Many allies haven't yet hit an earlier 2% target that they agreed in 2014 after Russia annexed Ukraine's Crimean Peninsula. So the incentive of a deadline is required.

The US insists it cannot be an open-ended pledge and a decade is too long. Still, Italy says it wants 10 years to hit the 5% target.

The date of 2032 was initially floated, but 2035 appears to be the year that will be settled on. An official review of progress is likely to be conducted in early 2029, just after elections are scheduled to take place in the United States.

“NATO is absolutely convinced Spain will have to spend 3.5%," Rutte said. "Each country will now regularly report on what they are doing in terms of spending and reaching the targets. So we will see. And anyway, there will be a review in '29.” (AP) SCY SCY

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