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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.
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September 20, 2026
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Tariff policy and trade truce reshape bilateral engagement as rare-earth leverage limits coercive economic measures.
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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.
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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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India targets 8 to 10 per cent share in the commercial satellite launch market, says ISRO chief

August 1, 2025

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Thiruvananthapuram, Aug 1 (PTI) The Indian space sector is aiming to achieve an 8 to 10 per cent share in the global commercial space market over the next 10 years, and for that, a lot of work needs to be done, ISRO Chairman Dr V Narayanan said here on Friday.

In an exclusive interview with PTI Videos, Narayanan said India needs to improve infrastructure, industry-led development, and manufacturing capabilities.

At present, India’s share in the global commercial space market is less than 2 per cent.

“In the initial phase of our activities, we were not focusing on the commercial aspect. But today, we are in the commercial field,” Narayanan said.

He said India's OneWeb India Mission helped improve the country’s commercial credibility—a project indigenously developed due to geopolitical reasons following the Ukraine war.

“Using one rocket, we had to place 36 satellites into orbit. Achieving a difference of just a few centimetres in orbital placement is not an easy task. We accomplished it through a unique scheme, demonstrating a commercially successful mission. It surprised the entire international community,” he said.

He added that India has so far carried out 14 commercial launches.

“A country that did not have satellite technology, launch vehicle technology, or application-oriented capability 50 years ago has now launched 433 satellites for 32 countries. So, we are in the game,” he said.

Narayanan said ISRO would soon launch a 6,500-kg commercial satellite from the United States using its Mark III rocket, the last of three missions India is undertaking in coordination with NASA.

India had successfully launched the NASA-ISRO Synthetic Aperture Radar (NISAR) satellite—the costliest satellite launched so far—on July 30 using the Mark II F16 rocket.

The ISRO chairman said that since the Prime Minister rolled out space sector reforms to encourage public-private partnerships, capacity building has been steadily increasing.

“Ten years ago, we hardly had one startup working in the space area. Today, we have over 300 startups operating in the sector,” Narayanan said.

He noted that demand for space-based services has been rising across sectors.

“For example, earlier, if someone approached a bank for an agricultural loan, officials had to physically verify the land and the crops being cultivated. Now, they can assess the data in real time. Similarly, in the event of a drought, real-time assessments can be done from indoors, instead of through physical surveys.

“A lot of real-time data processing is happening, and data with up to five-centimetre resolution is available free of cost. People can process this data and use it for multiple purposes,” he added.

He said other countries are now approaching India for their space requirements, recognizing the country’s technological advancements.

“Don’t think India is the India of 1947. Today, we are a spacefaring, dynamic nation. For example, on the 30th of last month, we launched NASA’s NISAR satellite, worth Rs 10,300 crore. NASA came to India for the launch. That shows our technological capability, advancement, and the precision with which our people work. This is what’s motivating other countries to come to us,” he said.

When asked whether ongoing trade restrictions and tariff policies under the Trump administration might affect space collaboration between India and the U S, Narayanan said the subject is beyond his "domain of expertise".

“These two things—politics and science—have to be separated. I am a technocrat, and that question is beyond my domain,” he said.

However, the ISRO chief added, “Technologically, we are in an advanced state. So whatever contracts we have signed, we are going to execute. That is all I can comment on.” Welcoming the Public-Private Partnership (PPP) model in the Indian space sector, Narayanan said ISRO alone cannot meet growing market demand, and the private sector has a significant role to play.

“When I joined ISRO, there used to be one launch every three years. This year, we plan to have one launch every month. Now, you may ask why we need so many launches. So far, we have developed 132 satellites, of which 55 are currently in orbit, serving the people of this country.

“These services ensure national safety and security. Do you know how many satellites are required for that? Two years ago, our counterparts deployed 100 satellites in a single year. The demand for satellite technology is enormous,” Narayanan said.

He projected that in another three years, ISRO may need to have three times the current number of satellites in orbit to meet demand.

“ISRO alone cannot do this. It is a government organisation. Over the last 10 years, our manpower has grown by less than five per cent. That’s why the private sector needs to step in, in a big way,” he said.

He concluded by stating that, based on current demand, India should be launching three rockets per month to meet the country’s requirements. PTI KPK TGB SSK TGB SSK ADB

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