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    DRI seizes 10,000 kg of firecrackers worth Rs. 3 crore at Nhava Sheva port
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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.
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.
September 23, 2026
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Commercial vehicle after-sales support expands authorised repairs, genuine spares, roadside assistance, and uptime for remote high-altitude fleet operations.
Commercial vehicle after-sales support is expanded through a BharatBenz 3S facility operated by PPS Trucking for remote high-altitude fleet operations. The facility provides sales, authorised service, genuine spare parts, diagnostic systems, repair tools and round-the-clock roadside assistance. Trained technicians, service bays and regional spare-parts inventory are intended to reduce repair turnaround times and vehicle downtime. The support network serves commercial vehicles engaged in stone-crushing, road construction, communication-infrastructure transport and other heavy-duty operations in difficult terrain.
September 23, 2026
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Redeem-code eligibility limits govern BGMI's final Golden Miramar Pan reward drop through the official redemption portal.
BGMI's final redeem-code series offers limited-time Golden Miramar - Pan rewards through general redeem codes valid only until September 25 on the official redemption website. Redemption requires a Character ID, valid code, Captcha verification, and submission through the redeem centre. Each code is limited to 10 users on a first-come, first-served basis; users may redeem one code daily, and each code is usable once per account. Guest accounts are excluded, and in-game mail rewards must be claimed within 30 days.
September 23, 2026
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Aadhaar-based biometric attendance requires employee registration, integrates leave records, and triggers automated pay deductions for unauthorised absences.
Aadhaar Enabled Biometric Attendance System (AEBAS) is mandatory for regular and temporary government employees and integrates attendance and leave data with PRANALI. Monthly reports are verified to identify authorised leave and net absence. Remaining unauthorised absence may result in digitally issued extraordinary-leave or leave-without-pay orders, personnel-record updates, and automated salary deductions. Temporary employees' failure to record attendance is treated as leave without pay.
September 23, 2026
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Initial public offering by Swastika Infra combines a fresh issue and offer for sale, subject to approvals.
Swastika Infra Limited proposes an initial public offering comprising a fresh issue of equity shares and an offer for sale, with proposed listings on BSE Limited and National Stock Exchange of India Limited. The allocation framework covers qualified institutional buyers, anchor investors, non-institutional investors and retail individual investors. Net fresh-issue proceeds are intended for incremental working-capital requirements and general corporate purposes. Completion remains subject to statutory and regulatory requirements, approvals, market conditions and other considerations.
September 23, 2026
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Monetary policy tightening may follow resilient growth as inflation, conflict risks, and weather pressures reshape economic projections.
FY27 GDP growth projections were raised to a range of 6.9%-7.1% on stronger June-quarter activity, resilient demand, investment, consumption, exports, capital inflows and limited supply disruptions. Growth may moderate as energy costs reduce purchasing power, activity slows and weather risks persist. Policy-rate tightening is projected as an inflation response, with forecasts of a 25-basis-point increase and temporary rate rises to offset price pressures.
September 23, 2026
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Fisheries subsidy disciplines require transparent reporting, domestic monitoring, and coordinated implementation to address harmful subsidies and IUU fishing.
Fisheries subsidy disciplines target support linked to illegal, unreported and unregulated fishing, fishing of overfished stocks subject to rebuilding conditions, and fishing on the unregulated high seas. Members accepting the Agreement must implement and administer these disciplines and comply with notification and transparency obligations. Effective implementation depends on reliable fisheries data, monitoring and reporting systems, vessel registration, inter-agency coordination and technical capacity.
September 23, 2026
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Essential banking service continuity requires Sunday operations by public sector and regional rural banks during the proposed strike.
Public Sector Banks and Regional Rural Banks will function normally on Sunday, 27 September 2026, to prevent an extended interruption to public banking needs during the proposed nationwide strike. Reserve Bank approval covers full operation of branches, offices, ATM-link branches and Currency Chests, alongside measures intended to maintain uninterrupted essential banking services.
September 23, 2026
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Money laundering allegations in public recruitment describe CSR-linked payments, examination manipulation, and candidate payments treated as proceeds of crime.
Money-laundering allegations concerning state public-service examinations identify two alleged streams of proceeds of crime: corporate social responsibility funding allegedly routed to an institution controlled by the former commission chairman in return for favouring selected candidates, and money allegedly collected from candidates and families for advance access to examination papers and secured selection. The alleged CSR payment was projected as legitimate institutional funding, while candidate-related collections were allegedly possessed, used, transferred, or projected as legitimate transactions.
September 23, 2026
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Banking service continuity measures require public sector and regional rural banks to operate on Sunday during the proposed strike.
Banking-service contingency arrangements require Public Sector Banks and Regional Rural Banks to operate normally on Sunday, 27 September 2026, ahead of a proposed three-day bank strike. Reserve Bank approval permits bank branches, offices, ATM-linked branches and currency chests to remain fully operational. Customers are advised to use mobile banking, ATMs, internet banking, BC Points and UPI if the strike occurs, and to complete essential transactions in advance.
September 23, 2026
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Inflation-driven monetary tightening may accompany strong growth as demand, price increases and adverse supply conditions shape rate expectations.
Inflationary pressures, robust demand, price rises and adverse supply developments are expected to lead to policy-rate tightening by RBI. Fitch anticipates a 25-basis-point rate rise in October, further tightening in early 2027, followed by easing in 2028. Growth projections were upgraded following stronger-than-expected June-quarter activity, but activity is expected to moderate as the effects of GST rationalisation and income-tax cuts recede, manufacturing and services slow, and below-normal monsoon conditions affect activity.
September 23, 2026
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GDP growth forecast rises as domestic demand, investment, and public capital spending sustain economic resilience amid external risks.
India's GDP growth forecast for the current fiscal year is raised to 7 per cent, supported by investment demand, resilient consumption, manufacturing and services activity, lower-than-expected supply disruptions, and sustained capital inflows. Domestic demand, infrastructure expenditure, regulatory reforms, and improving private investment are expected to support growth. Inflation is projected to remain within the central bank's target range, subject to risks from geopolitical uncertainty, commodity prices, and weather-related disruption. Fiscal management is supported by public capital expenditure and robust direct-tax revenue.
September 23, 2026
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Primary and secondary investment funds ammunition manufacturing expansion, increasing small-caliber capacity and establishing medium-caliber production.
Hughes Precision Manufacturing Pvt. Ltd. completed a Rs. 250+ crore investment round through primary and secondary investments. The capital will expand small-caliber ammunition capacity from approximately 80 million to 220 million rounds and establish a dedicated medium-caliber ammunition manufacturing facility. The expansion broadens its product portfolio and is supported by an order book exceeding Rs. 1,000 crore, including domestic defence and export orders scheduled for execution over approximately two years.
September 23, 2026
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GDP growth outlook signals resilient expansion, but inflation, weaker rural demand, and supply pressures may prompt monetary tightening.
India's FY 2026-27 GDP growth forecast is raised to 6.9 per cent from 6.4 per cent, reflecting strong June-quarter growth and economic resilience. Economic momentum is projected to moderate as slower manufacturing and services expansion, below-normal monsoon rains, and rising inflation constrain demand. Strong demand, price increases and adverse supply conditions are expected to lead to monetary tightening.
September 23, 2026
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FEMA scrutiny of insolvency acquisitions examines fund flows and possible indirect control by potentially ineligible resolution participants.
FEMA investigation concerns suspected foreign-exchange contraventions and the source and movement of funds used to acquire control of McNally Bharat Engineering Company Limited following its corporate insolvency resolution process. The inquiry also examines whether the process may have enabled persons potentially ineligible under Section 29A of the Insolvency and Bankruptcy Code, 2016, to regain indirect control of the company.
September 23, 2026
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Export facilitation reforms integrate local support, digital trade intelligence, and streamlined Free Trade Agreement procedures to improve market access.
Export facilitation reforms contemplate integrated Commerce and Industry offices and trained local personnel to provide exporters with common access points and district-level handholding support. The Trade Connect platform is envisaged to provide product-wise and HSN-code-wise tariff, Free Trade Agreement and procedural information, supported by digital and AI-enabled tools. Reforms also address electronic verification of Certificates of Origin, integration across the export cycle, digitalisation, simplified trade documentation, reduced compliance burden, and adherence to international quality standards.
September 23, 2026
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Monetary policy outlook: resilient growth and persistent inflation support a projected policy-rate increase amid weather and geopolitical risks.
India's FY27 growth outlook is revised upward to 7 per cent from 6.6 per cent, supported by industrial activity, consumption, goods exports and government investment. Consumer inflation is projected to average 5.1 per cent. Persistent inflationary pressures, solid growth, conflict in West Asia and weather-related risks are expected to support higher interest rates, while below-normal monsoon rainfall may affect agricultural output and food inflation.

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Trump extends his reach into Congress in ways large and small

September 4, 2025

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Washington, Sep 4 (AP) The invitation arrived in the final days of the summer recess, President Donald Trump's political team summoning House Republican staff to an early morning meeting about the One Big Beautiful Bill Act and the coming midterm elections.

“Attendance will be tracked by Team Trump — see you there!” read the flyer obtained by The Associated Press.

On Wednesday morning, staffers lined up to check in to the private meeting at Republican National Committee headquarters across the street from the US Capitol.

What would have been a routine political strategy session with White House press secretary Karoline Leavitt, pollster Tony Fabrizio and political director James Blair showcased the depth of Trump's reach into the affairs of the legislative branch, with Republican majorities in Congress being led by a powerful executive.

As Congress returns for a busy fall stretch, Trump was pushing lawmakers to drop their probe into the Jeffrey Epstein files — "it's enough," he said at the White House — despite a groundswell of bipartisan support for a full airing of the Justice Department's information about the former financier accused of sex trafficking.

Trump has unleashed squadrons of federal law enforcement and National Guard troops in Washington, D.C., and is eyeing similar incursions into other cities, including Chicago, even after a federal judge said his use of the military to quell protests in Los Angeles broke the law.

And perhaps most threatening in the erosion of the separation of powers, Trump has utilized a highly rare administrative tool to claw back federal funds Congress had already approved, in what has been viewed as a brazen, muscular display of unchecked executive authority that is courting a federal government shutdown Sept. 30.

“Time and time again, we are seeing priorities that are out of line with what the American people want,” Democratic Rep. Pete Aguilar of California, the chairman of the House Democrats, said at a Wednesday press conference at the Capitol.

Perhaps nowhere is the acquiescence of the Congress, where Republicans hold the majority, so revealing than in the morning meeting at the Capitol Hill Club on the third floor of RNC headquarters.

“At least one staffer per office expected,” the invitation read.

Lawmakers piled in first, with almost full attendance, and then staff attended a separate private session. They were shown polling, particularly on voter attitudes about the big bill of tax breaks and spending cuts that Trump signed into law, as Republicans prepare to defend their majority ahead of next fall's midterm elections.

The takeaway: The “One, Big, Beautiful Bill Act” is now called “The Working Families Tax Cuts Act.” “It's not a rebranding,” said House Speaker Mike Johnson said afterward. “What we have to do to sell it is tell the truth.” Trump had initially named the bill himself, coming up with it during a White House meeting back in spring. The moniker stuck, and was typed out on the title page of the sprawling, nearly 1,000-page package — until Democrats in the Senate succeeded in stripping it out, on technical grounds.

But two months after Trump signed the bill into law at a Fourth of July ceremony at the White House, even the president has acknowledged it wasn't his best marketing.

“I'm not going to use the term 'great, big, beautiful,” Trump said during a Cabinet meeting last week. “That was good for getting it approved. But it's not good for explaining to people what it's all about.” Johnson, who said he missed the morning session to take his son to school, also said he spoke with Trump near midnight and “fully” endorses the strategy.

“This was all pre-arranged with me,” Johnson said. “We're closely coordinating with the White House.” Johnson acknowledged the big bill has not proven popular with voters, but he insisted that's because they don't fully realize what's in it.

The big bill extends tax rates and brackets that have been in place since Trump's first term. It offers new cuts, including no taxes on tipped income, higher tax credits for children and deductions for some seniors. It also imposes new Medicaid work requirements and extends work requirements for those receiving food stamps assistance.

Half of US adults expect the new tax law will help the rich, according to a poll from The Associated Press-NORC Center for Public Affairs Research. Most — about 6 in 10 — think it will do more to hurt than help low-income people.

The nonpartisan Congressional Budget Office has estimated some 10 million more Americans will go without health care coverage and 2.4 million fewer people will qualify for food stamps under the new law.

CBO also estimated it will result in less income for the poorest Americans, with more money for the wealthy.

“Republicans don't have a branding problem, they have a substance problem,” Senate Democratic Leader Chuck Schumer said Wednesday.

“Americans hate the Republicans' big, ugly bill.” While leadership from the White House can prove powerful in motivating lawmakers to fall in line behind a president's priorities, Trump is leading the GOP into a new era of executive power that is steamrolling past the legislative branch in a way unseen in peacetime presidencies.

Senators are considering rare rules changes that would allow Republicans to meet Trump's demands to more speedily confirm his executive branch nominees, even as the president has summarily fired the newly confirmed head of the Centers for Disease Control and Prevention and the White House engages in a legal battle to oust Lisa Cook, a Senate-confirmed member of the Federal Reserve Board.

Also Wednesday, House Republicans quietly approved a resolution to stand up a new committee to reinvestigate the Jan. 6, 2021, attack on the Capitol as they continue to contest what happened after Trump sent a mob of supporters to fight the 2020 election he lost to Democrat Joe Biden.

Trump was impeached for inciting the 2021 insurrection at the Capitol, but was later acquitted. (AP) NB NB

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