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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
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    Technopark software exports rise 17.3 pc to Rs 17,092 cr in FY26
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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.
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.

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O.P. Jindal Global University Strengthens India–Japan Academic Diplomacy at United Nations University (UNU) and University of Tokyo

June 27, 2025

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Tokyo, 27 June 2025: In a landmark demonstration of India’s growing global academic engagement, O.P. Jindal Global University (JGU) led two high-level dialogues in Tokyo, hosted at the United Nations University (UNU) and the University of Tokyo. Focused on democracy, constitutionalism, and legal thought leadership, these back-to-back events marked a new chapter in India–Japan academic cooperation and reaffirmed JGU’s pivotal role in fostering global discourse on governance and institutional integrity.

The events were made possible through institutional Memoranda of Understanding (MoUs) signed by JGU with both the United Nations University and the University of Tokyo. These agreements are aimed at deepening collaboration in research, faculty exchange, and international public dialogue.

United Nations University Conversation Series: A Landmark Collaboration with the Singhvi Centre at JGU Earlier this week, the United Nations University in Tokyo hosted a special edition of its prestigious UNU Conversation Series, jointly organized for the first time with an Indian institution—JGU’s Singhvi Centre for Constitutional, Parliamentary and Legal Studies. The event, titled “India and the World: Democracy, Development and Justice,” featured: • Professor (Dr.) C. Raj Kumar, Founding Vice Chancellor, O.P. Jindal Global University • Dr. Abhishek Manu Singhvi, Senior Advocate, Supreme Court of India, and Member of Parliament (Rajya Sabha) • Professor (Dr) Tshilidzi Marwala, Rector of the United Nations University and United Nations Under-Secretary-General The Singhvi Centre, established through a generous endowment by Dr. Singhvi in memory of his father, Dr. L.M. Singhvi, is dedicated to advancing scholarship and international engagement on constitutionalism, parliamentary processes, and democratic governance. The UNU event provided a unique platform to explore India’s institutional strengths, democratic journey, legal innovations, and its expanding global role in an evolving multilateral order.

Professor Dr. Tshilidzi Marwala emphasized the essential role of democracy, development, and justice in shaping a sustainable and inclusive global future. Reflecting on India’s place in the international system, he noted: “India is a vibrant democracy whose commitment to pluralism and institutional governance serves as a model for emerging nations. Justice—both social and economic—is not only critical for India’s continued growth but also for the global community’s shared future. We must foster international cooperation grounded in fairness, accountability, and democratic values.” Professor (Dr.) C. Raj Kumar underscored the robustness of India’s democratic institutions: “India’s democratic resilience is not an accident—it is a consequence of robust institutions, a dynamic judiciary, an active civil society, and the deep legitimacy of our Constitution. At a time of democratic backsliding worldwide, India offers lessons on institutional continuity and constitutional vision.” He also highlighted India’s innovations in digital governance: “India’s digital public infrastructure—from Aadhaar and UPI to Digital India—has fundamentally transformed how governance is delivered, especially to the most marginalized. This is a remarkable fusion of constitutional principles and technological innovation.” Dr. Abhishek Manu Singhvi reflected on the global relevance of India’s constitutional framework: “The Indian Constitution is not only a national framework—it is a global exemplar of balancing rights with responsibilities, pluralism with unity, and liberty with progress. As India rises geopolitically, it must also lead normatively, by sharing its constitutional and institutional experience with the world.” On the role of academic institutions, he added: “The Singhvi Centre at JGU was created to advance cutting-edge research and global conversations on law, justice, and democracy. Partnering with the United Nations University is an honour and a natural extension of that mission.” Academic Dialogue at the University of Tokyo: Legal Thought Across Borders Later, JGU and the University of Tokyo—Japan’s foremost national university—co-hosted a focused academic dialogue on comparative constitutional law, legal reform, and the role of courts in democratic societies. The event brought together leading scholars, deans, and policy thinkers from both nations, grounded in a shared commitment to democratic values and institutional integrity.

The dialogue underscored the growing importance of Asia-led academic cooperation in advancing legal reform, governance, and democratic resilience. Central themes included sustainable development, judicial independence, legislative accountability, and constitutionalism in an increasingly complex global environment.

Held at Koshiba Hall, University of Tokyo, the India–Japan Sustainability Conclave served as a high-level forum for distinguished academics, legal experts, and policymakers to deliberate on global sustainability and development. Organized by O.P. Jindal Global University as part of its continued commitment to international academic collaboration and environmental leadership, the conclave drew wide participation from both countries.

The event was inaugurated and chaired by Professor (Dr.) C. Raj Kumar, Founding Vice Chancellor of JGU. The keynote address was delivered by Justice Michael D. Wilson, former Supreme Court Judge of Hawai‘i and Distinguished Professor at JGU, who spoke on the intersections of environmental law, judicial responsibility, and sustainability. Professor R. Padmanabha, Dean of Academic Governance, introduced the Sustainable Development Report 2025 (SDR 2025), highlighting contemporary sustainability metrics and global benchmarks. A special address by Dr. Abhishek Manu Singhvi emphasized the importance of legal and policy frameworks in advancing the Sustainable Development Goals (SDGs).

The panel featured eminent Japanese scholars including Professor Shizuka Hashimoto, Professor Masahiro Sugiyama, Professor Atsushi Kato, and Professor Kensuke Fukushi from the University of Tokyo, along with Dr. Anupam Khajuria of the United Nations University Institute for the Advanced Study of Sustainability (UNU-IAS). Their insights addressed key areas such as climate resilience, science-policy integration, and the importance of cross-border academic collaboration.

Reflecting on the significance of the India–Japan academic exchange, Professor (Dr.) C. Raj Kumar noted: “India and Japan are both constitutional democracies with deep legal traditions. Our academic collaboration can create new frameworks of understanding that bridge the common challenges we face—whether it is the preservation of judicial independence, the protection of civil liberties, or the strengthening of democratic institutions.” Towards a New Era of India–Japan Academic Engagement The events in Tokyo represent a major milestone in India’s academic diplomacy and underscore JGU’s leadership in leveraging higher education as a platform for promoting global understanding, cooperation, and sustainable development. With formal MoUs now in place, these partnerships pave the way for sustained faculty exchange, joint research, and cross-border policy dialogues.

Dr. Abhishek Manu Singhvi concluded with a call for Indian academia to play a more proactive role on the world stage: “It is imperative that Indian institutions not only participate in global conversations but also shape them. These events in Tokyo represent India’s rising intellectual confidence, its commitment to constitutional values, and the role of academia in nation-building and international engagement.” (Disclaimer: The above press release comes to you under an arrangement with O.P. Jindal Global University and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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