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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
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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
Show AI Summary
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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Israel strikes Gaza hospital twice, killing at least 20, including journalists, rescuers

August 26, 2025

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Deir al-Balah (Gaza Strip), Aug 25 (AP) Israel struck one of the main hospitals in the Gaza Strip on Monday and then hit the facility again as journalists and rescue workers rushed to the scene, killing at least 20 people and wounding scores more, local health workers said.

It was among the deadliest of several Israeli strikes that have hit both hospitals and journalists over the course of the 22-month war sparked by Hamas' October 7, 2023, attack, and the attack came as Israel plans to widen its offensive to heavily populated areas.

Israeli Prime Minister Benjamin Netanyahu's office said the strike on Nasser Hospital in the southern city of Khan Younis was a “tragic mishap” and that the military was investigating.

AP freelancer among 5 journalists killed The first strike hit an upper floor of the hospital housing operating rooms and doctors' residences, killing at least two people, according to Zaher al-Waheidi, head of the records department at the Gaza Health Ministry.

The second strike hit an external stairwell as rescuers and journalists raced to the scene of the first, killing another 18. Around 80 people were wounded, including many in the hospital's courtyard, al-Waheidi said.

Among those killed was 33-year-old Mariam Dagga, a visual journalist who had worked for The Associated Press. Dagga regularly reported for multiple outlets from the hospital, including a recent story for the AP on doctors struggling to save children from starvation.

The strike killed four other journalists who had worked for Al Jazeera, Reuters and Middle East Eye, a UK-based media outlet, most on a contractor or freelance basis.

Reuters said that ahead of the first strike, it was showing live video from the hospital when the feed suddenly shut down. The journalist filming the live video was killed in the first strike, Reuters said, citing hospital officials.

Video shot from across the street by pan-Arab channel Al Ghad showed people climbing the external stairwell just after the first strike, past walls with chunks shorn off — followed by the boom of the second strike, a huge plume of smoke and a heap of wreckage.

Israel says it is investigating Israeli media reported that Israeli troops fired two artillery shells at the hospital, targeting what they suspected was a Hamas surveillance camera on the roof.

Brig. Gen. Effie Defrin, an Israeli military spokesman, said the army does not target civilians and had launched an internal investigation into the strikes. He accused Hamas of hiding among civilians but did not say whether Israel believed any militants were present during the strikes on the hospital.

Netanyahu's statement said Israel “deeply regrets the tragic mishap that occurred today at the Nasser Hospital in Gaza. Israel values the work of journalists, medical staff, and all civilians.” The UN secretary-general, along with Britain, France and others, condemned the attack. When asked about the strike, US President Donald Trump initially said he was not aware of it before offering: “I'm not happy about it. I don't want to see it.” A doctor describes 'chaos, disbelief and fear' Israel has attacked hospitals multiple times throughout the war, asserting that Hamas embeds itself in and around the facilities, though Israeli officials rarely provide evidence. Hamas security personnel have been seen inside such facilities over the course of the war, and parts of those sites have been off limits to reporters and the public.

The hospitals that remain open have been overwhelmed by the dead, wounded and now by increasing numbers of malnourished as parts of Gaza are now in famine.

A British doctor working on the floor that was hit said the second strike came before people could start evacuating from the first.

“Just absolute scenes of chaos, disbelief and fear,” the doctor said. They described wounded people leaving trails of blood as they entered the ward. The hospital was already overwhelmed, with patients with IV drips lying on the floor in the corridors in stifling heat.

The doctor spoke on condition of anonymity in line with regulations from their organisation to avoid reprisals from Israeli authorities.

“It leaves me in another state of shock that hospitals can be a target,” the doctor said.

Nasser Hospital has withstood raids and bombardment during the war, with officials repeatedly noting critical shortages of supplies and staff.

A June strike on the hospital killed three people, according to the Health Ministry. The military said at the time that it targeted a Hamas command and control center. A March strike on its surgical unit days after Israel ended a ceasefire killed a Hamas official and a 16-year-old boy.

More Palestinians killed while seeking aid Al-Awda Hospital said Israeli gunfire killed six aid-seekers trying to reach a distribution point in central Gaza and wounded another 15.

The shootings were the latest in the Netzarim Corridor, a military zone where UN convoys have been overrun by looters and desperate crowds, and where people have been shot and killed while heading to sites run by the Gaza Humanitarian Foundation, an Israeli-backed American contractor.

The GHF denied that any shootings had occurred near its site. There was no immediate comment from the Israeli military, which has said after previous shootings that it only fires warning shots.

Al-Awda said two Israeli strikes in central Gaza killed six Palestinians, including a child. Shifa Hospital in Gaza City said three Palestinians, including a child were killed in a strike there.

One of the deadliest wars for journalists The war in Gaza has been one of the bloodiest for media workers, with 189 Palestinian journalists killed by Israeli fire, according to the Committee to Protect Journalists. More than 1,500 health workers have been killed, according to the UN.

Israel's "killing of journalists in Gaza continues while the world watches and fails to act firmly on the most horrific attacks the press has ever faced in recent history," said Sara Qudah, regional director of the Committee to Protect Journalists.

The Foreign Press Association, which represents international media in Israel and the Palestinian territories, called on Israel “to halt its abhorrent practice of targeting journalists.” “This has gone on far too long,” it said. “Too many journalists in Gaza have been killed by Israel without justification.” The group also noted that Israel has barred international journalists from entering Gaza since the start of the war apart from visits organised by the military.

The health ministry said Sunday that at least 62,686 Palestinians have been killed in the war. It does not distinguish between fighters and civilians but says around half have been women and children.

The ministry is part of the Hamas-run government and staffed by medical professionals. The UN and independent experts consider it the most reliable source on war casualties. Israel disputes its figures but has not provided its own.

The war began when Hamas-led militants abducted 251 people and killed around 1,200 people, mostly civilians, in the 2023 attack. Most of the hostages have been released in ceasefires or other deals, but 50 remain in Gaza, with around 20 believed to be alive. (AP) GRS GRS

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