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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.
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.

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Authorities say about 200 immigrants arrested in raids on 2 Southern California farms

July 12, 2025

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Camarillo (US), Jul 12 (AP) Federal immigration authorities said Friday they arrested about 200 immigrants suspected of being in the country illegally in raids a day earlier on two California cannabis farm sites. Protesters engaged in a tense standoff with authorities during an operation at one of the farms.

The Department of Homeland Security said in a statement that authorities executed criminal search warrants in Carpinteria and Camarillo, California, on Thursday. They arrested immigrants suspected of being in the country illegally, and there were also at least 10 immigrant children on site, the statement said.

Four U.S. citizens were arrested for “assaulting or resisting officers,” the department said. Authorities were offering a $50,000 reward for information leading to the arrest of one person suspected of firing a gun at federal agents. One worker who called family to say he was hiding from authorities was on life support after falling and suffering significant injuries.

During the raid, crowds of people gathered outside Glass House Farms in Camarillo to seek information about their relatives and protest immigration enforcement. Authorities clad in military-style helmets and uniforms faced off with the demonstrators. Acrid green and white billowing smoke then forced community members to retreat.

Glass House, a licensed California cannabis grower, said in a statement that immigration agents had valid warrants. The company said workers were detained, and it is helping provide them with legal representation. The farm also grows tomatoes and cucumbers.

“Glass House has never knowingly violated applicable hiring practices and does not and has never employed minors,” the statement said.

It is legal to grow and sell cannabis in California with proper licensing.

The state's Department of Cannabis Control said they “observed no minors on the premises” during a site visit to the farm in May 2025. After receiving another complaint, the department opened an active investigation, according to a department spokesperson.

Worker gravely injured At least 12 people were injured during the raid and protest, said Andrew Dowd, a spokesperson for the Ventura County Fire Department. Eight were taken to St. John's Regional Medical Center and the Ventura County Medical Center, and four were treated at the scene and released. Dowd said he did not have information on the extent of the injuries of those hospitalized.

On Friday, about two dozen people waited outside the farm to retrieve the cars of loved ones and speak to managers. Relatives of Jaime Alanis, who has picked tomatoes at the farm for 10 years, said he called his wife in Mexico during the raid to tell her immigration agents had arrived and that he was hiding with others inside the farm.

“The next thing we heard was that he was in the hospital with broken hands, ribs and a broken neck,” Juan Duran, Alanis' brother-in-law, said in Spanish.

It was not immediately clear how Alanis was injured. A doctor at Ventura County Medical Center told the family that those who brought Alanis to the hospital said he had fallen from the roof of a building.

Alanis had a broken neck, fractured skull and a rupture in an artery that pumps blood to the brain, said his niece Yesenia, who didn't want to share her last name for fear of reprisal. He is on life support, she said.

“They told us he won't make it and to say goodbye,” Yesenia said, crying.

The hospital did not immediately respond to requests for comment.

Confrontation with authorities Relatives and advocates headed to the farm about 50 miles (80 kilometers) northwest of downtown Los Angeles to try to find out what was going on, and began protesting outside.

Federal authorities formed a line blocking the road leading through farm fields to the company's greenhouses. Protesters were seen shouting at agents wearing camouflage gear, helmets and gas masks. The billowing smoke drove protesters to retreat. It wasn't clear why authorities threw the canisters or if they released chemicals such as tear gas.

Ventura County fire authorities responding to a 911 call of people having trouble breathing said three people were taken to nearby hospitals.

At the farm, agents arrested workers and removed them by bus. Others, including U.S. citizens, were detained at the site for hours while agents investigated.

The incident came as federal immigration agents have ramped up arrests in Southern California at car washes, farms and Home Depot parking lots, stoking widespread fear among immigrant communities.

Federal investigations The Department of Homeland Security said in a statement Friday that the investigation into immigration and potential child labor violations at the farm is ongoing. No further details of the allegations were provided.

The agency said hundreds of demonstrators attempted to disrupt the operations, leading to the arrest of four Americans.

“We will prosecute to the fullest extent of the law anyone who assaults or doxes federal law enforcement,” Assistant Secretary Tricia McLaughlin said in a statement.

Immigration and Customs Enforcement and Customs and Border Protection were both part of the operation, the statement said.

Family members search for answers The mother of an American worker said her son was held at the worksite for 11 hours and told her agents took workers' cellphones to prevent them from calling family or filming and forced them to erase cellphone video of agents at the site.

The woman said her son told her agents marked the men's hands with ink to distinguish their immigration status. She spoke to The Associated Press on condition of anonymity because she feared reprisals from the government.

United Farm Workers said in statement that some U.S. citizens are not yet accounted for.

Maria Servin, 68, said her son has worked at the farm for 18 years and was helping to build a greenhouse. She said she spoke to her son, who is undocumented, after hearing of the raid and offered to pick him up.

“He said not to come because they were surrounded and there was even a helicopter. That was the last time I spoke to him,” Servin, a U.S. citizen, said in Spanish.

She said she went to the farm anyway but federal agents were shooting tear gas and rubber bullets and she decided it was not safe to stay. She and her daughter returned to the farm Friday and were told her son had been arrested Thursday. They still don't know where he is being held.

“I regret 1,000 times that I didn't help him get his documents,” Servin said. (AP) NB NB

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