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    USIBC bats for early conclusion of India-US trade deal
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September 25, 2026
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Interest-free working capital assistance for FCV tobacco growers supports liquidity, institutional loan repayment, crop inputs, and reduced private borrowing.
A one-time, interest-free working-capital loan of Rs. 50,000 per barn is approved for FCV tobacco growers in Andhra Pradesh under the Interest-Free Working Capital Assistance Scheme. Covering about 44,000 growers, the assistance is proposed to be delivered through direct benefit transfer. It is intended to provide liquidity for household requirements, institutional loan repayment and crop inputs, while reducing dependence on private borrowing.
September 25, 2026
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Government securities auction calendar establishes retail bidding access, flexible issuance terms, greenshoe subscriptions, and periodic debt switch operations.
Each auction carries a non-competitive bidding facility, under which five per cent of the notified amount is reserved for specified retail investors. The Government may modify indicated amounts, issuance periods and maturities, and may issue instruments with non-standard maturities, floating-rate bonds or inflation-indexed bonds, having regard to governmental requirements, market conditions and other relevant factors. It may retain additional subscriptions through a greenshoe option and conduct switch or buyback auctions of dated securities.
September 25, 2026
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Market borrowing plan sets dated securities auctions, Treasury Bill issuance, redemption management, and temporary cash-flow support.
Government market borrowing for the second half of FY 2026-27 is to be raised through weekly auctions of dated securities, including Sovereign Green Bonds, across maturities from 3 to 50 years. Debt-management measures include switching and buyback operations to smooth the redemption profile and a greenshoe option for additional subscriptions. Treasury Bills are to be issued through weekly auctions in 91-day, 182-day and 364-day maturities. The Ways and Means Advances limit is fixed to address temporary mismatches in government accounts.
September 25, 2026
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GI-tagged agricultural exports expand farmer access to international markets through FPO-led value chains and higher price realisation.
APEDA facilitated the export of a one-metric-tonne consignment of GI-tagged Gulbarga Tur Dal from Karnataka to the Maldives through an FPO-led brand. Gulbarga Tur Dal has held GI registration since 2019. The export-linked channel provides farmers a realisation of Rs.82 per kg compared with a prevailing market price of Rs.60 per kg, while supporting closer integration of FPOs and farmers into export-oriented supply chains.
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
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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.

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Democrats, GOP test their playbooks as Trump looms over elections in Virginia, New Jersey

September 6, 2025

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Garfield (New Jersey), Sep 6 (AP) Democrats and Republicans are testing dueling playbooks in fall elections that will decide the leadership of Virginia and New Jersey — and perhaps a new direction for the parties heading into next year's midterms.

In both the US states, Democratic candidates for governor are distancing themselves from their party's far-left wing — and its most divisive people and priorities — in campaigns focused on rising costs and the economy under President Donald Trump's leadership.

The move reflects what some operatives see as a critical lesson from the 2024 national elections, when Democrats faced a backlash for supporting so-called “woke” social policies.

As Democrats race to the centre, their GOP opponents in both Democratic-leaning states are largely unwilling to separate themselves from Trump, his controversial policies or his “Make America Great Again” supporters.

Trump's GOP continues to rally around him, shrugging off low approval ratings and opposition to his federal workforce cuts that have especially affected Virginia.

That's even as the Republican candidates hope to attract independents and even moderate Democrats to win in November.

It is a delicate balance, and one that could inform both parties' strategies a year before midterm elections that will decide control of Congress.

Republicans dance around Trump The majority of voters in New Jersey, as in the nation, are not happy with Trump.

An AP-NORC poll conducted in August found that 45 per cent of US adults approve of Trump's performance as president. And just 37 per cent of likely New Jersey voters approved of Trump's job performance in a late July Fairleigh Dickinson University poll.

That's not to say Trump doesn't have supporters in New Jersey, a working-class state he lost by 6 percentage points last fall compared with 16 points four years earlier.

New Jersey Republican candidate for governor, former state Assemblyman Jack Ciattarelli, was once a Trump critic. But Ciattarelli, who faces Democratic Rep Mikie Sherrill, has embraced the president in the 2025 election.

Ciattarelli won Trump's endorsement, backed his budget bill and declined to name any issues where they disagree.

It's unclear, however, if he wants to campaign alongside Trump in New Jersey before Election Day.

Ciattarelli told reporters Thursday that his campaign is actively working with the White House to get Trump involved. But, reflecting the delicate politics, he declined to say whether Trump might visit the state in person or participate in a tele-town hall or robocalls.

“I've been in touch with the White House even today. And what I really appreciate is, what the team has said there on behalf of the president, is we'll do anything that you think can help the campaign. And I really appreciate it,” Ciattarelli said.

There's a similar dance playing out in Virginia.

In an interview, Republican gubernatorial candidate Winsome Earle-Sears didn't hide her support for Trump or his agenda, although she focused on the president's position on public safety when asked.

Her campaign declined to answer directly when asked whether she wanted Trump to campaign in Virginia.

“When you ask me about the president's agenda, I am going to support his agenda when it comes to crime every single day,” Earle-Sears told the AP.

An Earle-Sears spokesperson sent a follow-up statement after the interview: “Everyone knows Winsome Earle-Sears is fiercely independent, but she also knows when strong leadership delivers results. Winsome isn't afraid to say it — when Trump puts America first, Virginians win.” Still, Earle-Sears expressed frustration that her opponents paint her as overly aligned with the White House or too far-right for Virginia. She argued that her opponent, Democratic Rep Abigail Spanberger, hasn't been tethered to former Democratic president Joe Biden the same way.

“Nobody talks about her connections with Biden,” she said.

The White House declined to answer questions about Trump's plans in Virginia or New Jersey.

Democrats have challenges of their own Spanberger and Sherrill are working to stay focused on voters' economic concerns as costs surge and job growth stalls nationwide.

At the same time, Republicans are fighting to highlight the Democrats' support for progressive cultural priorities — including LGBTQ rights — and the rise of far-left leaders such as New York City's Democratic candidate for mayor Zohran Mamdani, a democratic socialist.

Earle-Sears released an attack ad this week charging that Spanberger “is for they/them, not us”, while suggesting she supports policies that endanger children — an echo of Trump's closing message last fall.

In a new ad of her own pushing back, Spanberger noted that she is a mother of three school-age children and a former law enforcement officer. When asked in an interview whether supporting transgender children is a priority, however, Spanberger offered a cautious answer.

“Protecting all people is a priority for me," she said. “As governor, I will protect all children.” Her focus on the economy, she said, reflects what she's hearing from voters across Virginia. She invited Trump to visit the state to campaign with Earle-Sears.

“Let him come to Virginia and face the tens of thousands of people who he's responsible for firing. Let him come to Virginia and answer for those Medicaid cuts,” she said. (AP) ARI

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