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    IDFC FIRST Bank enables Direct Tax payments through UPI, cards, net banking and branches
    Sensex slumps 1,248 pts as IRDAI proposal hits financial shares; rising crude, US yields weigh
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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
Show AI Summary
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
Show AI Summary
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
Show AI Summary
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
Show AI Summary
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
Show AI Summary
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.
September 24, 2026
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Merger-control approval permits FIHM's phased acquisition of IIFL Capital Services equity through subscription, open offer and promoter purchase.
Merger-control approval permits FIHM to acquire certain additional equity share capital of IIFL Capital Services through a preferential issue on a private-placement basis and through shares tendered in a mandatory open offer. FIHM may also buy shares from the target's promoters if its aggregate shareholding with HWIC remains below the Target Shareholding after these steps.
September 24, 2026
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Full ownership acquisition in beauty and personal care receives competition approval for skin care and hair care operations.
Competition approval covers L'Ore al India Private Limited's acquisition of the entire shareholding in Onesto Labs Private Limited. The proposed combination concerns India's beauty and personal care sector and places the Target under the Acquirer's full ownership. Both entities operate in beauty and personal care products, including skin care and hair care.
September 23, 2026
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Advance disbursement of central government pay addresses anticipated banking disruption, with subsequent adjustment against the following month's entitlements.
Advance disbursement of September 2026 salary, wages and pensions is authorised on 25 September for central government employees, industrial employees and pensioners because of the proposed bank strike. Payments constitute advance payments and must be adjusted after full monthly entitlements are determined, with any adjustment made from October salary or wages. End-of-month banking transactions should, where feasible, be processed in advance.

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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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