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    China, US hold 'candid, in-depth' talks on tariffs, AI issues ahead of Xi-Trump meeting
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    Conference on “Financing India’s Journey towards Viksit Bharat” concludes in New Delhi
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September 21, 2026
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Tariff sanctions and AI trade consultations examine reciprocal tariff reduction amid energy-purchase measures and objections to unilateral sanctions.
Expanded sanctions and tariff measures form the immediate trade-policy backdrop. The Lindsey O. Graham Sanctioning Russia and Iran Act of 2026 authorises expanded sanctions and tariffs targeting Russia and countries that buy its energy exports. China contests the application of tariffs to its purchases and opposes long-arm jurisdiction and unilateral sanctions asserted without a basis in international law or a UN Security Council mandate. Parallel negotiations contemplate a reciprocal tariff-reduction arrangement.
September 21, 2026
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Rupee appreciation in early trade reflects lower crude prices and stronger domestic equities despite dollar demand.
Rupee appreciation in early interbank trading saw the currency strengthen by 24 paise to 95.72 per US dollar. Lower Brent crude prices, gains in domestic equities and improved foreign fund sentiment supported the currency, while importer demand for dollars and broader US-dollar strength limited gains. Market commentary identified a broad near-term trading range, and foreign-exchange reserves declined because foreign-currency and gold reserves fell.
September 21, 2026
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Digital signature compatibility requires updated signing software for newly issued tokens, while functioning existing certificates remain usable until expiry.
Digital-signature users with tokens issued on or after 21 September 2026 must install emSigner v3.3, while users whose existing certificates and tokens function normally may retain their current version. Version 3.3 supports existing tokens and is required where signing fails or certificates cannot be selected despite correctly installed drivers. Certificates downloaded to FIPS 140-2 dongles on or before that date remain valid until expiry; later renewal or fresh issuance generally requires FIPS 140-3 dongles, subject to specified exceptions.
September 21, 2026
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Private capital mobilisation for development financing requires predictable investment conditions, credible projects, fiscal transparency, and strengthened State capital expenditure.
Development financing for Viksit Bharat is framed as a joint Union-State and private-sector task requiring higher savings and investment, fiscally resilient public finances, and mechanisms to mobilise private capital. Fiscal sustainability requires State-wise debt assessments and fuller disclosure of off-budget borrowings, guarantees, arrears and borrowings through State-owned entities. Public resources are expected to play a catalytic role in attracting private investment, supported by predictable rules, enforceable contracts, faster dispute resolution and stronger investment protections.
September 21, 2026
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PMLA-IBC interface examines challenges in harmonising insolvency resolution with money-laundering asset attachment, investigation, tracing and enforcement.
The PMLA-IBC interface addresses reconciliation of insolvency resolution with anti-money-laundering enforcement where corporate debtor assets are attached during resolution. Section 32A is central to this interaction, although harmonised implementation remains challenging. The framework also considers money-laundering stages, hawala transactions, financial investigation, asset tracing, and evolving judicial approaches to aligning insolvency objectives with enforcement measures.
September 21, 2026
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Evolving insolvency law relies on legislative amendments and regulatory mechanisms to respond effectively to changing market conditions.
Subordinate legislation and regulatory mechanisms are important tools for maintaining responsiveness within the insolvency framework. Regulations may be framed for provisions of the Code and for fulfilment of its purposes and objectives, enabling practical responses to emerging issues. The interaction between primary legislation, regulations and market developments supports continuing refinement of insolvency law in line with changing conditions.
September 20, 2026
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Tariff policy and trade truce reshape bilateral engagement as rare-earth leverage limits coercive economic measures.
United States-China trade relations are being conducted through continued tariff policy, prior export restrictions, and a trade truce after escalating tariffs did not achieve their intended effect of changing Chinese economic conduct. China's concentrated supply of rare-earth inputs used in electronics provided negotiating leverage and contributed to the trade armistice. Indications that Chinese goods are routed through third countries to lessen tariff exposure qualify the decline in the bilateral goods imbalance. Continued tariffs have not constrained China's manufacturing expansion or its access to export markets.
September 20, 2026
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Ten-year director tenure cap governs removal of ineligible cooperative bank board members after regulatory review.
RBI required Latur District Central Cooperative Bank to remove directors considered ineligible for exceeding the ten-year maximum tenure applicable to district central cooperative bank directors. The action invoked director ineligibility under the Banking Regulation Act. Following a complaint and a court-directed timeline for regulatory action, RBI sought responses from the concerned directors, seven of whom resigned. An issue was raised over whether the tenure cap could apply retrospectively to appointments made before its stated commencement and whether it was being applied uniformly.
September 19, 2026
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Biometric Aadhaar authentication becomes essential for domestic LPG consumers seeking regulated subsidised refill bookings, while market-price supply remains available.
Biometric Aadhaar authentication is required from October 1 for domestic LPG consumers to book subsidised refills at the regulated retail selling price. Authentication can be completed through delivery personnel, distributor showrooms or designated mobile applications. Consumers unwilling or unable to authenticate may obtain LPG at the applicable market price without subsidy after registering their choice through specified digital channels. The framework distinguishes subsidised LPG linked to Aadhaar-authenticated consumers from market-priced LPG and seeks targeted subsidy delivery, reduced leakage, and prevention of diversion, duplicate connections and ineligible access.
September 19, 2026
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Cooperative bank director tenure limits require disqualification and removal when service exceeds the statutory maximum period.
Directors of District Central Cooperative Banks and Central Cooperative Banks are subject to a maximum 10-year tenure under the Banking Regulation Act, 1949, as amended by the Banking Laws (Amendment) Act, 2025. RBI directed removal of a director ineligible to continue under section 10A(2A)(i), read with section 56, following concerns that directors of Latur District Central Cooperative Bank had exceeded the permitted tenure.
September 19, 2026
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Tariff treatment of Indian exports shifted from reciprocal duties to targeted trade measures, sectoral duties, and specified exemptions.
Upon expiry of the temporary global measure, an India-targeted 10 per cent Section 301 tariff, linked to forced-labour concerns, replaced it; the effective charge for most covered exports remained MFN duty plus 10 per cent. The current regime applies the Section 301 tariff to Indian exports except specified goods, with separate sectoral duties on steel, aluminium and auto components. Smartphones, medicines and energy products are exempt.
September 19, 2026
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PMLA-based FIR request over alleged consultancy payments remains under legal examination amid criticism of non-registration.
Enforcement Directorate sought registration of an FIR concerning alleged fraudulent payments by Cochin Minerals and Rutile Ltd to Exalogic Solutions, represented as IT consultancy fees. The request relied on evidence gathered through investigation and searches under the Prevention of Money Laundering Act. Registration remained under consideration after receipt of the Advocate General's legal opinion, with the Home Department examining the matter.
September 19, 2026
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Free trade agreements expand market access, entrepreneurial partnerships and youth career opportunities alongside public-sector recruitment and development participation.
Free Trade Agreements are presented as mechanisms for expanding cross-border partnerships, market access for entrepreneurs, and career opportunities for young persons. Youth employment is also linked to the expansion of the startup ecosystem beyond major cities and to public-sector recruitment through Rozgar Melas. Newly selected candidates are to join central government ministries, departments and organisations. Public service is framed around citizen-centred administration and decisions supporting a developed and self-reliant India.
September 19, 2026
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AI governance for regulated financial services enables natural-language automation while preserving enterprise security, auditability, control, and scalable deployment.
Assist-Edge enables teams to describe intended processes in natural language and use AI to create, modify, and enhance executable workflows. Working with reusable AI agents and workflows, it supports discovery, customisation, deployment, and scaling of enterprise automation. For banking, financial services, and insurance operations, its use is positioned alongside security, governance, auditability, and control, supporting governed adoption of scalable AI capabilities and movement from isolated experimentation to enterprise-wide intelligent automation.
September 19, 2026
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Recurring token reward distributions connect eligible holdings, platform activity, and partner participation through hourly settlement cycles.
BC Engine permits eligible $BC holdings to participate in hourly settlement rounds distributing BCD rewards. Participants can monitor active balances, cumulative rewards, unclaimed BCD, and settlement history through the Engine interface. Settlement amounts vary with ecosystem activity, while the mechanism links platform activity, token utility, user participation, and commercial partners through repeated value distribution rather than one-time promotional incentives.
September 19, 2026
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Asset monetisation of surplus public land and buildings is accelerated through transparent, value-oriented processes and stakeholder coordination.
NLMC's Board recommended monetisation proposals involving surplus land and building assets valued at over Rs. 5,000 crore. Monetisation is facilitated through asset identification, due diligence, valuation and appropriate process structuring, with emphasis on transparency, efficiency and value realisation. Sustained coordination with asset-owning entities is intended to expedite implementation and support timely, commercially appropriate monetisation of underutilised public assets.
September 19, 2026
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Zero forex markup on credit cards applies automatically to international transactions without conditions while preserving applicable rewards.
Zero Forex Markup applies automatically to international transactions made through all existing and new credit cards, without a new-card application, upgrade, spending threshold or other stated condition. International card spends do not attract forex markup charges. Reward Points or Cashback, where applicable to the relevant card, continue on international transactions. Existing credit cards may be used for overseas and cross-border payments without requiring a separate forex card solely to avoid such charges.
September 18, 2026
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Foreign exchange reserve valuation reflects currency movements as foreign currency assets and gold holdings decline.
India's foreign exchange reserves declined to USD 780.782 billion for the week ended September 11, driven by reductions in foreign currency assets and gold holdings. Foreign currency assets fell to USD 645.796 billion, with their dollar value reflecting movements in reserve currencies against the US dollar. Gold reserves also declined, while Special Drawing Rights increased to USD 18.845 billion. The reserve position with the IMF stood at USD 4.916 billion.
September 18, 2026
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Bulk sugar stockholding limits now allow expanded inventories only where additional supplies derive from designated import channels.
Bulk sugar consumers using more than 10 tonnes monthly as a raw material may hold up to 30 days' requirement instead of 15 days. Holdings above 15 days must consist exclusively of sugar imported under the Tariff Rate Quota or Advance Authorisation Scheme; sugar obtained from the open market remains restricted to 15 days' consumption. Bulk consumers must declare and disclose their sugar inventories every Friday through the food ministry's online portal.
September 18, 2026
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Trade facilitation and digitalisation support regional economic cooperation through simpler customs procedures, paperless exchange, resilient supply chains, and MSME access.
Priority measures included expanded intra-SCO trade, lower trade costs, resilient and diversified supply chains, trusted multimodal connectivity, greater market access, simplified customs processes, paperless trade and electronic document exchange. Digital and cross-border payments and accessible trade finance were identified to enable MSMEs and start-ups to participate in trade and value chains. Ministers agreed an Action Plan for 2026-2030 for further approval and approved regulations for a special working group on creative-economy development.

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HIGHLIGHTS AT 5.15 PM

July 21, 2025

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New Delhi, Jul 21 (PTI) Following are the top stories at 5.15 pm: NATION DEL31 PM-LD SESSION

Monsoon session like 'Vijay Utsav', Constitution winning over violence: PM Modi New Delhi: Prime Minister Narendra Modi on Monday set the ruling alliance's tone for an expected discussion in Parliament's Monsoon session on Operation Sindoor, describing this sitting of parliamentarians as a "Vijay Utsav" and expressing confidence that MPs will articulate this sentiment in one voice.

DEL22 RAHUL-PAR-GOVT

Never allowed to speak, as LoP it is my right: Rahul New Delhi: Congress leader Rahul Gandhi on Monday said as the Leader of the Opposition in the Lok Sabha, it is his right to speak in the House, but was not being allowed while the people of the government were making their statements.

PAR37 RS-VARMA-DHANKHAR

Rajya Sabha receives notice for removal of Justice Varma: Dhankhar New Delhi: Rajya Sabha Chairman Jagdeep Dhankhar on Monday said he has received a notice for the removal of High Court Judge Yashwant Varma and asked the Secretary General to take necessary steps.

PAR36 LS-4THLD ADJOURN

Lok Sabha adjourned for day amid uproar as oppn demands discussion on Operation Sindoor New Delhi: The Lok Sabha proceedings were adjourned for the day on Monday amid noisy protests by the opposition, which demanded a discussion on Operation Sindoor and other issues.

DEL46 PAR-GOVT-SINDOOR-DISCUSSION

Govt agrees to 16-hr discussion on Op Sindoor, Pahalgam terror attack in Lok Sabha New Delhi: Government on Monday agreed to a 16-hour discussion on Operation Sindoor and Pahalgam terror attack in the Lok Sabha, and it is likely to be taken up next week, even as the opposition insisted that it should start this week itself and Prime Minister Narendra Modi must reply.

PAR23 RS-CHAIRMAN

Thriving democracy can't sustain constant acrimony, political tension must be reduced: Dhankhar New Delhi: Rajya Sabha Chairman Jagdeep Dhankhar on Monday said a thriving democracy cannot sustain constant political acrimony as he urged parties to avoid personal attacks against each other in public.

DEL34 UGC-KIIT-STUDENT-SUICIDE

KIIT students' suicides result of university's 'unlawful' activity, could've been averted: UGC panel New Delhi: The illegal and unlawful activities by Kalinga Institute of Industrial Technology (KIIT) in Bhubaneshwar led to the suicides of two Nepalese students and the actions of the administration amount to criminal liability, a fact-finding panel set up the UGC has found.

CAL48 WB-MARTYRS DAY-LD MAMATA

Mamata sounds 2026 poll bugle, calls for ‘language movement’ against BJP’s ‘linguistic terrorism’ Kolkata: Sharpening her ‘Bengali asmita’ pitch ahead of the 2026 polls, West Bengal Chief Minister Mamata Banerjee on Monday accused the BJP of unleashing “linguistic terrorism” on Bengalis, asserting that the fight for identity and language will continue until the saffron party is defeated.

MDS18 KL-ACHUTHANANDAN-DEMISE

Former Kerala Chief Minister V S Achuthanandan dies at 101 Thiruvananthapuram: Former Kerala Chief Minister V S Achuthanandan, one of India's most respected Communist leaders and a key figure in Kerala's political history, died on Monday at the age of 101, CPI(M) state secretary M V Govindan said here.

LEGAL LGD19 SC-2NDLD LAWYERS-SUMMONING

ED crossing all limits: SC on agency summoning lawyers for giving legal advice New Delhi: The Enforcement Directorate is "crossing all limits", the Supreme Court said on Monday as it expressed serious concern over the agency summoning advocates for offering legal advice or representing clients during investigations.

LGD18 SC-BCCI-BYJUS

SC junks BCCI, Riju Raveendran's plea on settlement for Byju's New Delhi: The Supreme Court on Monday upheld an order rejecting the appeals of the BCCI and Byju's co-founder Riju Raveendran seeking withdrawal of insolvency proceedings against his company.

BOM17 MH-HC-2NDLD TRAIN BLASTS

7/11 train blasts: All 12 accused acquitted; HC says 'hard to believe' they committed the crime Mumbai: Nineteen years after seven train blasts here killed more than 180 persons, the Bombay High Court on Monday acquitted all the 12 accused, saying the prosecution “utterly failed” to prove the case and it was "hard to believe the accused committed the crime".

FOREIGN FGN28 BANGLA-JET-CRASH-TOLL

Bangladesh Air Force training aircraft crashes atop school building; 16 killed, dozens injured Dhaka: A Bangladesh Air Force training aircraft crashed atop a school building here on Monday, killing at least 16 people, most of them children, and injuring dozens, officials said.

FGN2 US-COMMITTEE-TRF

TRF deserves designation as foreign terrorist organisation: US House Foreign Affairs Committee New York/Washington: The US House Committee on Foreign Affairs has welcomed the designation of The Resistance Front, a proxy of the Pakistan-based Lashkar-e-Taiba, as a global terrorist outfit over the Pahalgam attack, saying anyone who "butchers" civilians doesn’t get a pass but justice. By Yoshita Singh

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