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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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European countries near Russia puzzled by US plans to cut defence funding

September 6, 2025

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Washington, Sep 6 (AP) Confusion emerged on Friday over Trump administration's plans to halt some security assistance funding to European countries along the border with Russia, with some Baltic defence leaders saying they have not received any official notification.

Pentagon funding for programmes that provide training and equipment to reinforce security would be cut, according to a person familiar with the discussions and a congressional aide, who spoke on condition of anonymity because they were not authorised to discuss the matter.

It wasn't clear exactly how much money would be affected, though it could be hundreds of millions of dollars.

It includes funding under Section 333 and the Baltic Security Initiative, which helps finance weapons purchases by countries on NATO's eastern flank — including of US systems — as well as ammunition, special forces training and intelligence support.

A White House official, who was not authorised to speak publicly so spoke on condition of anonymity, said the action has been coordinated with European countries and is part of President Donald Trump's plan to ensure “Europe takes more responsibility for its own defence".

The Trump administration has pushed NATO countries to step up their defence spending and slashed foreign assistance across the board.

As Trump remakes the American approach to foreign policy, allies have tried to decipher often murky proposals, from tariffs to troop numbers.

It was not clear whether US lawmakers would approve of some of the reductions, which were inconsistent with the Pentagon's most recent allocations notified to Congress, the congressional aide said.

Baltic countries express confusion and concern Former Lithuanian foreign minister Gabrielius Landsbergis said any cuts to American military support to the Baltic states — part of NATO's border with Russia — would “only weaken the credibility of NATO's attempts at deterrence” as Moscow's war in Ukraine drags on.

Vaidotas Urbelis, Lithuania's defense ministry policy director, said there had been “discussions and certain indications” from the US but that the country had received no official information about any reduction in support and was talking to the Pentagon about “which programmes will be continued and which may be postponed".

Latvia's defence ministry also said it had not received any “official notification of concrete decisions” and said it would continue discussions on reaffirming the importance of the support.

The Estonian defence ministry said in a statement that it was clear the “current administration's direction is to significantly cut foreign aid", but added that US assistance increasingly makes up a smaller proportion of the country's defense budget because Estonia has ramped up its own spending.

The three Baltic states — as well as Poland — are the NATO countries that spend the most on defence, promising to spend 5 per cent of gross domestic product from 2026.

Members of Congress also in the dark Congressional offices also were waiting on Friday for details on what programmes would be cut under the Pentagon's proposal, but lawmakers from both political parties who have been supportive of US support to the region were alarmed.

Rep Don Bacon, a Republican who is retiring next year, said on social media that it would be “a disastrous and shameful decision".

“This administration continues to be WEAK towards Putin and a WEAK leader of the Free World,” he added.

“This will read as an ugly chapter in U.S. history if the President does not reverse course.” Senator Jeanne Shaheen, the top Democrat on the Senate Foreign Relations Committee, said in a statement that “this is a misguided move that sends exactly the wrong signal as we try to force Putin to the negotiating table and deter Russian aggression".

Senator Dick Durbin, an Illinois Democrat, joined with Senator Chuck Grassley, an Iowa Republican, to propose that Congress' annual defence authorisation bill include language to codify the Baltic Security Initiative, which established military cooperation between the US, Estonia, Latvia and Lithuania.

The Pentagon said it has reviewed foreign assistance programs under Trump's orders and that he has been "unequivocal in asserting that allies and partners must assume greater responsibility for funding their own security'.

The plans to cut the security funds were first reported by the Financial Times.

Where the funding goes That initiative allocated about USD 377 million from 2018 to 2024, Estonia's defence ministry said. It helped fund Estonia's purchase of critical capabilities, including US-made HIMARS multiple-launch rocket systems.

Also affected is Section 333 funding from the Defence Department, which totalled nearly USD 1.6 billion to Europe from 2018 to 2022, according to the Government Accountability Office.

However, State Department funding to Latvia, Lithuania and Estonia is unaffected as of yet. It provides roughly USD 7 billion a year in military assistance to the Baltic states, almost USD 6 billion of which is foreign military financing used by those countries to purchase US-made munitions and other materiel, according to an official who spoke on condition of anonymity due to the sensitivity of the matter.

The Estonian defence ministry suggested that funding cuts would still have to be approved by Congress. (AP) ARI

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