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    K'taka Deputy CM Parameshwara rejects Opposition's allegation of 'bankruptcy'
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    IDFC FIRST Bank enables Direct Tax payments through UPI, cards, net banking and branches
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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.
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.

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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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