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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...
    Envision Energy Secures TÜV SÜD Certificate for Wind Farm Control System, Strengthening Long-Term Resilience for Future Energy Systems
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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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The Latest: Trump lands in Texas to survey flood damage

July 12, 2025

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Washington, Jul 11 (AP) President Donald Trump has landed in Texas for a firsthand look at the devastation caused by catastrophic flooding that has killed at least 120 people, which the administration has characterised as a once-in-a-lifetime event.

While the administration isn't backing away from its pledges to shutter the Federal Emergency Management Agency and return disaster response to the states as part of Trump's push to slash federal services, it has lessened its focus on the topic since the July 4 disaster, underscoring how tragedy can complicate political calculations.

The president is expected to do an aerial tour of some of the hard-hit areas, a relatively common practice that allows presidents to visit disaster sites and hopefully ease logistical burdens for authorities on the ground. The White House also says he'll visit the state emergency operations centre to meet with first responders and relatives of flood victims. Trump will also get a briefing from officials.

Here's the latest: State Department staffer says they were cut while already on administrative leave Jessica Bradley Rushing, who worked at the State Department office tasked with Afghan relocation efforts, told The Associated Press she was shocked Friday when she received a dismissal notice from the agency.

Rushing had already signed a deferred resignation agreement with State in March that put her on administrative leave until end of September.

She said in a phone interview with AP that she spent the entire morning getting updates from her colleagues still at State's Office of the Coordinator for Afghan Relocation Efforts (CARE) “who were watching sort of this carnage take place within the office.” “I never even anticipated that I could be at risk for that because I'm already on administrative leave and then I happened to open my email and see that I also got the RIF' notice,” Rushing said.

Foreign service union blasts State Department cuts as untethered from merit or mission' The American Foreign Service Association, the union that represents U.S. diplomats, said it opposes the Trump administration's decision to cut 18 per cent of its workforce Friday “at a moment of great global instability.” “In less than six months, the U.S. has shed at least 20 percent of its diplomatic workforce through shuttering of institutions and forced resignations,” the organization said in a statement. “Losing more diplomatic expertise at this critical global moment is a catastrophic blow to our national interests.

The group added that if the administration had issues with excess staffing, there were “clear, institutional mechanisms” that could have resolved that issued.

“Instead, these layoffs are untethered from merit or mission. They target diplomats not for how they've served or the skills they have, but for where they happen to be assigned. That is not reform,” the statement continued.

Trumps get ready to see flood damage by air Trump was wearing a suit without a tie as he boarded Marine One in Texas and prepared to do an aerial tour of the flooding devastation. Melania Trump was dressed down, wearing a khaki jacket, olive pants and Converse sneakers, as well as a ball cap.

Trump lands in Texas Air Force One has touched down in San Antonio and will be traveling to Kerrville.

Kerr County commissioner calls Trump's visit to the flooded communities a good thing “He's here to pledge his federal support like he already has with FEMA. That's important as a leader to be where the point of friction is. That's what a leader does.” Jeff Holt said.

Holt is also a member of the Centre Point Volunteer Fire Department. If Trump asks him what they need for the future, Holt said he will tell the president “(phone) towers, then maybe a little better early warning system.” Holt noted the early warning system is a topic for the state Legislature in a special session that starts July 23.

Secular group wants to stop settlement between IRS and church group in Johnson Amendment case Americans United for Separation of Church and State on Thursday filed documents to intervene in the settlement between the IRS and the National Religious Broadcasters.

Earlier this week, the IRS and church groups submitted a joint filing in Texas federal court, agreeing the IRS wouldn't enforce the rarely used IRS rule, called the Johnson Amendment, against the plaintiffs.

The Johnson Amendment is a 1954 amendment to the US tax code that prohibits tax-exempt organizations, including churches, from endorsing or opposing political candidates.

Americans United is requesting intervenor status in the case and is asking the court to reject the proposal because it would grant favor and privilege to religious organizations and treat them differently than secular nonprofits, violating the separation of church and state.

“The Trump administration's radical reinterpretation of the Johnson Amendment is a flagrant, self-serving attack on church-state separation that threatens our democracy by favoring houses of worship over other nonprofits and inserting them into partisan politics,” said AU President and CEO Rachel Laser.

Democrats on House Oversight Committee seek documents, communications on Texas flooding response The lawmakers say they're requesting the information to better understand the federal response and prevent such disasters from happening again.

The letters were spearheaded by the Oversight Committee's recently elected ranking member, Rep. Robert Garcia of California, as well as Reps. Greg Casar and Jasmine Crockett of Texas, who also sit on the committee.

The group also says reported changes to agencies like the Federal Emergency Management Agency, which is housed in the Department of Homeland Security, may have contributed to a lack of preparedness.

“We are deeply concerned not only that Secretary Noem may have effectively crippled the agency's ability to respond to this crisis, but also that she failed to personally act to ensure a timely response,” reads a letter sent to the Federal Emergency Management Agency.

Democrats also inquired about alleged failures in early warning systems across impacted areas in two separate letters to the National Oceanic and Atmospheric Administration and the Commerce Department's inspector general.

White House invites Cornyn, Cruz and Hunt on Air Force One The lawmakers flying with the president en route to Kerrville, Texas, on Friday include the state's two senators and a House member who represents a district far from the flood damage site.

On the presidential aircraft are Republican Sens. John Cornyn and Ted Cruz, as well as Rep. Wesley Hunt, who hails from a Houston-area district.

Houston is about 250 miles east of Kerrville.

Hunt, notably, is considering a run in the Texas Senate GOP primary against Cornyn, who's up for reelection next year.

The House lawmaker who represents Kerrville is Rep. Chip Roy, a Republican.(AP) RD RD

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