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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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    From Digital Banking to Resilient Banking – Technology, Cyber Security and AI as Pillars of Trust - Address by Shri Rohit Jain, Deputy Governor at t...
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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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'Beautiful' or 'Ugly,' Trump's big bill shapes battle for House control in 2026 midterms

July 13, 2025

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Washington, Jul 13 (AP) Debate over President Donald Trump's sweeping budget-and-policy package is over on Capitol Hill. Now the argument goes national.

From the Central Valley of California to Midwestern battlegrounds and suburban districts of the northeast, the new law already is shaping the 2026 midterm battle for control of the House of Representatives. The outcome will set the tone for Trump's final two years in the Oval Office.

Democrats need a net gain of three House seats to break the GOP's chokehold on Washington and reestablish a power centre to counter Trump. There's added pressure to flip the House given that midterm Senate contests are concentrated in Republican-leaning states, making it harder for Democrats to reclaim that chamber.

As Republicans see it, they've now delivered broad tax cuts, an unprecedented investment in immigration enforcement and new restraints on social safety net programmes.

Democrats see a law that rolls back health insurance access and raises costs for middle-class Americans while cutting taxes mostly for the rich, curtailing green energy initiatives and restricting some workers' organising rights.

“It represents the broken promise they made to the American people,” said Rep Suzan DelBene, a Washington Democrat who chairs the party's House campaign arm. “We're going to continue to hold Republicans accountable for this vote.” Parties gear up for a fight Whether voters see it that way will be determined on a district-by-district level, but the battle will be more intense in some places than others. Among the 435 House districts, only 69 contests were decided by less than 10 percentage points in the 2024 general election.

The Democratic Congressional Campaign Committee has so far identified 26 Democratic-held seats it must defend vigorously, along with 34 GOP-held seats it believes could be ripe to flip. Republicans' campaign arm, the National Republican Congressional Committee, has so far listed 18 GOP incumbents as priorities, plus two districts opened by retirements.

There are a historically low number of so-called crossover districts: Only 13 Democrats represent districts Trump carried in 2024, while just three Republicans serve districts Democratic presidential nominee Kamala Harris carried.

Both committees are busy recruiting challengers and open-seat candidates and more retirements could come, so the competitive map will evolve. Still, there are clusters of districts guaranteed to influence the national result.

California, despite its clear lean to Democrats statewide, has at least nine House districts expected to be up for grabs: three in the Central Valley and six in southern California. Six are held by Democrats, three by the GOP.

Pennsylvania features four districts that have been among the closest national House races for several consecutive cycles. They include a suburban Philadelphia seat represented by Rep Brian Fitzpatrick, one of just two House Republicans to vote against Trump's bill and one of the three GOP lawmakers from a district Harris won. Fitzpatrick cited the Medicaid cuts.

Vice President JD Vance plans on Wednesday to be in Republican Rep Rob Bresnahan's northwest Pennsylvania district to tout the GOP package. Bresnahan's seat is a top Democratic target.

Iowa and Wisconsin, meanwhile, feature four contiguous GOP-held districts in farm-heavy regions where voters could be swayed by fallout from Trump's tariffs.

Democrats fight to define the GOP Beyond bumper-sticker labels – Trump's preferred “Big Beautiful Bill” versus Democrats' “Big Ugly Bill” retort – the 900-page law is, in fact, an array of policies with varying impact.

Democrats hammer Medicaid and food assistance cuts, some timed to take full effect only after the 2026 midterms, along with Republicans' refusal to extend tax credits to some people who obtained health insurance through the Affordable Care Act.

The Congressional Budget Office estimates that 11.8 million more Americans would become uninsured by 2034 if the bill became law; 3 million more would not qualify for food stamps, also known as SNAP benefits.

“Folks will die here in Louisiana and in other parts of the country,” House Minority Leader Jeffries warned last week during a town hall in Republican Speaker Mike Johnson's home state of Louisiana.

Jeffries singled out vulnerable Republicans like California Rep David Valadao, who represents a heavily agricultural Central Valley district where more than half the population is eligible for the joint state-federal insurance programme.

California allows immigrants with legal status and those who are undocumented to qualify for Medicaid, so not all Medicaid recipients are voters. But the programme helps finance the overall health care system, including nursing homes and hospitals.

Republicans highlight the law's tightened work requirements for Medicaid enrollees. They argue it's a popular provision that will strengthen the programme.

“I voted for this bill because it does preserve the Medicaid programme for its intended recipients — children, pregnant women, the disabled, and elderly,” Valadao said. “I know how important the programme is for my constituents.” Republicans hope voters 'see lower taxes' The law includes USD 4.5 trillion in tax cuts. It makes permanent existing rates and brackets approved during Trump's first term. Republicans and their allies have hammered vulnerable Democrats for “raising costs” on American households by opposing the bill.

GOP campaign aides point to the popularity of individual provisions: boosting the USD 2,000 child tax credit to USD 2,200 (some families at lower income levels would not get the full credit), new deductions on tip and overtime income and auto loans; and a new deduction for older adults earning less than USD 75,000 a year.

“Everyone will have more take home pay. They'll have more jobs and opportunity,” Johnson said in a Fox News Sunday interview. “The economy will be doing better and we'll be able to point to that as the obvious result of what we did.” Democrats note that the biggest beneficiaries of Trump's tax code are wealthy Americans and corporations. Pairing that with safety net cuts, Florida Rep Debbie Wasserman Schultz concluded, “The cruelty is the point.” Immigration, meanwhile, was Trump's strongest issue in 2024. NRCC aides say that will continue with the new law's investments in immigration enforcement. Democrats believe the Trump administration has overplayed its hand with its push for mass deportation.

Playing the Trump card The president is a titanic variable.

Democrats point to 2018, when they notched a 40-seat net gain in House seats to take control away from the GOP. This year, Democrats have enjoyed a double-digit swing in special elections around the country when compared to 2024 presidential results.

Similar trends emerged in 2017 after Trump's 2016 victory. Democrats say that reflects voter discontent with Trump once he's actually in charge.

Republicans answer that Trump's job approval remains higher at this point than in 2017. But the GOP's effort is further complicated by ongoing realignments: Since Trump's emergence, Democrats have gained affluent white voters -– like those in suburban swing districts -– while Trump has drawn more working-class voters across racial and ethnic groups. But Republicans face a stiffer challenge of replicating Trump's coalition in a midterm election without him on the ballot.

Democrats, meanwhile, must corral voters who are not a threat to vote for Republicans but could stay home.

Jeffries said he's determined not to let that happen.

“We're going to do everything we can until we end this national nightmare.” (AP) NPK NPK

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