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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
    MCA issues advisory - cautions public against high-return promises by non-compliant Nidhi Companies
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September 24, 2026
Show AI Summary
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
Show AI Summary
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
Show AI Summary
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
Show AI Summary
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
Show AI Summary
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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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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