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    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
    Bajaj Finance Personal Loan Offers Rs. 40,000 to Rs. 55 Lakh with Tenures up to 108 Months
    MCA issues advisory - cautions public against high-return promises by non-compliant Nidhi Companies
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    Assam Cabinet approves rules for compulsory registration of Muslim marriages
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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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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.

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Trump, Netanyahu may take victory lap on Iran, but Gaza war looms over their meeting

July 7, 2025

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Tel Aviv, Jul 7 (AP) Israeli Prime Minister Benjamin Netanyahu and US President Donald Trump might look to take a victory lap on Monday after their recent joint strikes on Iran, hailed by both as an unmitigated success.

But as they meet for the third time this year, the outwardly triumphant visit will be dogged by Israel's 21-month war against Hamas in Gaza and questions over how hard Trump will push for an end to the conflict.

Trump has made clear that following the 12-day war between Israel and Iran, he would like to see the Gaza conflict end soon. The meeting between Trump and Netanyahu could give new urgency to a US ceasefire proposal being discussed by Israel and Hamas, but whether it leads to a deal that ends the war is unclear.

“The optics will be very positive,” said Michael Oren, a former Israeli ambassador to Washington. “But behind the victory lap are going to be some very serious questions.” Before departing for Washington on Sunday, Netanyahu praised the cooperation with the US for bringing a “huge victory over our shared enemy.” He struck a positive note on a ceasefire for Gaza, saying he was working “to achieve the deal under discussion, on the terms we agreed to.” “I think that the discussion with President Trump can certainly help advance that result, which all of us hope for," Netanyahu said.

It changes from day to day Israel and Hamas appear to be inching toward a new ceasefire agreement that would bring about a 60-day pause in the fighting, send aid flooding into Gaza and free at least some of the remaining 50 hostages held in the territory.

But a perennial sticking point is whether the ceasefire will end the war altogether. Hamas has said it is willing to free all the hostages in exchange for an end to the war and a full Israeli withdrawal from Gaza. Netanyahu says the war will end once Hamas surrenders, disarms and goes into exile — something it refuses to do.

Trump has made it clear that he wants to be known as a peacemaker. He has repeatedly trumpeted recent peace deals that his administration facilitated between India and Pakistan, the Democratic Republic of Congo and Rwanda, and Israel and Iran, and for years has made little secret of the fact that he covets a Nobel Peace Prize.

He has been pressuring Israel and Hamas to wrap up their own conflict, which has killed tens of thousands of Palestinians, ravaged Gaza, deepened Israel's international isolation and made any resolution to the broader conflict between Israel and the Palestinians more distant than ever.

But the precise details of the deal, and whether it can lead to an end to the war, are still in flux. In the days before Netanyahu's visit, Trump seemed to downplay the chances for a breakthrough.

Asked on Friday how confident he was a ceasefire deal would come together, Trump told reporters: “I'm very optimistic — but you know, look, it changes from day to day.” On Sunday evening, he seemed to narrow his expectation, telling reporters that he thought an agreement related to the remaining hostages would be reached in the coming week.

Trump and Netanyahu are more in sync than ever Those mood swings also have embodied Trump's relationship with Netanyahu.

After Trump's decision to get involved in Israel's war in Iran with strikes on Iranian nuclear sites, the two leaders are more in sync than ever. But that's not always been the case.

As recently as Netanyahu's last visit to Washington in April, the tone was markedly different.

Trump used the photo-op with Netanyahu to announce that the US was entering into negotiations with Iran over its nuclear deal — appearing to catch the Israeli leader off guard and at the time, slamming the brakes on any Israeli military plan.

He also praised Turkish leader Recep Tayyip Erdogan, a fierce critic of Israel's, in front of Netanyahu, and the two made no apparent progress on a trade deal at the height of Trump's tariff expansion.

Trump, whose policies have largely aligned with Israel's own priorities, pledged last week to be “very firm” with Netanyahu on ending the war, without saying what that would entail. Pressure by Trump has worked on Netanyahu in the past, with a ceasefire deal having been reached right as the president was taking office again.

Netanyahu has to balance the demands of his American ally with the far-right parties in his governing coalition who hold the key to his political survival and oppose ending the war.

But given the strong US support in Israel's war against Iran, highlighted by joint airstrikes on a fortified underground Iranian nuclear site, Netanyahu may have a tough time saying no.

On Sunday evening, Trump said one of the matters he expected to discuss with Netanyahu “is probably a permanent deal with Iran.” Trump also may expect something in return for his recent calls for Netanyahu's corruption trial to be canceled — a significant interference in the domestic affairs of a sovereign state.

“Trump thinks that Netanyahu owes him,” said Eytan Gilboa, an expert on US-Israel affairs at Bar-Ilan University near Tel Aviv. “And if Trump thinks that he needs to end the war In Gaza, then that is what he will need to do.” Trump's regional vision The two men will likely discuss the ceasefire with Iran and how to respond to any perceived violations.

But beyond Iran is Trump's grand vision for a new Middle East, where he hopes that additional countries will join the Abraham Accords, a series of agreements normalizing relations between Arab countries and Israel brokered during Trump's first term.

Netanyahu and Trump are likely to discuss how to bring Syria into the fold. The country, a longtime enemy of Israel's, has new leadership after the fall of President Bashar Assad, and experts say conditions might be ripe for some kind of nonbelligerency agreement.

But Trump's ultimate goal is to include regional powerhouse Saudi Arabia.

The Saudis, whose clout could open the door for other Arab or Muslim countries to join, have expressed interest in normalizing ties with Israel but only if it is accompanied by serious steps toward resolving Israel's conflict with the Palestinians. For starters, that would seem to require action in Gaza.

“The most important thing (for Trump) is to end the war in Gaza,” Gilboa said. “That is the key to all the regional peace in the Middle East.” (AP) NSA NSA

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