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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.
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
Show AI Summary
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
Show AI Summary
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
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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
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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
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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
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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.

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Actor Vijay faces audio glitch, targets BJP, DMK govts, says he entered politics to serve people

September 13, 2025

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Tiruchirappalli/Ariyalur (Tamil Nadu), Sep 13 (PTI) Tamilaga Vettri Kazhagam chief Vijay encountered an audio glitch at the launch of his maiden state-wide campaign in Tiruchirappalli on Saturday.

The actor, who was swarmed by his followers in thousands at Tiruchirappalli and Ariyalur, targetted both the Centre and the DMK government in the state, and said without mincing words that he entered politics only with the intention of serving the people and not for earning wealth.

Commencing his 'I am coming,' state-wide campaign ahead of the Tamil Nadu Assembly election due by March-April next year, he asked the crowd, "will you vote for the DMK?" and raised a number of questions seeking to push the Chief Minister M K Stalin-led government to a tight corner.

Clad in white shirt, Vijay delivered his address from a raised platform-like structure on the top of the campaign bus and cadres continuously flung party flags at him. His address was marred by audio issues and out of his 20-minute speech, barely one to two minutes was audible and clear.

Cadres, fans and the people who had gathered in thousands chanted 'Vijay, Vijay' as his speech became almost incomprehensible barring some remarks, words and points.

One of his key accusation was that the DMK government did not fulfill its assurances made ahead of the 2021 Assembly election. He also hit out at the DMK regime over the illegal kidney sale racket.

When Vijay began his speech by 3 PM, he outlined the significance of choosing Tiruchirappalli for his maiden rally. He said that it was here that Dravidian icon, DMK founder CN Annadurai decided in 1956 to enter the electoral race. It was also the place where AIADMK founder M G Ramachandran held his first state conference in 1974 after launching his party in 1972.

Tiruchirappali was renowned also for communal harmony and rationalist leader 'Periyar' EV Ramasamy lived here. During the days of yore, before going to battlefield, kings used to pray to their family deities. Similarly, Vijay said he has visited Tiruchirappalli.

Any political initiative, when started in Tiruchirappalli, would eventually become a turning point, he said.

At Ariyalur, the actor said that he entered politics only with the intention of serving the people and not for earning wealth. His aim was to ensure a Tamil Nadu free from hunger and corruption and to provide governance with conscience.

"What's the big deal about money? I have seen enough of it. Should I come into politics to make money? No need. I have no other intention other than to serve you", he said.

Vijay, who arrived near the old bus stand here to address his second public campaign for the day, as his party cadres swarmed his campaign vehicle throughout his road trip from Tiruchirappali, apologised for his delayed arrival.

"Vanakkam. Sorry, I'm late. There was a problem due to the mike at the Tiruchirappalli meeting. There's nothing bigger than the love and affection you are showering on me," he said, standing atop the campaign vehicle.

During his nearly fifteen-minute speech from 8.44 pm, the TVK leader said his political adversaries have started uttering many things after seeing the people's overwhelming support for him. But, he chose to ignore the criticism and proceed with his work, Vijay added.

Earlier in the day, the Chief Minister had in a veiled attack on Vijay said the Dravida Munnetra Kazhagam was not a movement that disrupted public tranquility through the din of a large gathering, but one that preserved the state’s unique identity and built modern Tamil Nadu. Stalin, president of DMK, said "when we gather, we assemble as a disciplined battalion; and after the meeting, we disperse as soldiers with a mission," Stalin said in a letter to party cadres.

Targetting the BJP-led government at the centre, Vijay said in Ariyalur the instance of 65 lakh voters missing from the electoral roll in Bihar was nothing short of "theft of votes." The Centre's agenda was to dismiss all state governments and hold simultaneous polls for the nation.

"The One Nation, One Election idea amounts to a murder of democracy. And the delimitation exercise is only meant to destroy the opposition parties and weaken the southern states so that the northern states had more constituencies," he alleged.

Like the Centre, the DMK government too was "deceiving" the people with promises that were not fulfilled, the actor claimed.

"My dear CM sir, you are providing reels. Will you answer the questions? No you won't," he said.

A caravan-like, custom-built campaign vehicle, fitted with a public address system has been readied by the party for Vijay's use during his campaign. The campaign bus has brightly painted images of iconic leaders, including C N Annadurai and M G Ramachandran, and features the campaign slogan: "I am coming." The campaign logo featured a smiling Vijay with the slogan "Unga Vijay Na Varen, Vagai Soodum Varalaru Thirumukirathu (Your Vijay, I am coming; history of victory returns)." Earlier, upon his arrival from Chennai by a chartered fight, Vijay was accorded a rousing reception in Tiruchirappalli by party workers and admirers. Ethusiastic TVK workers, carrying party flags, pushed away barricades on the airport premises at several spots to get a glimpse of their leader. The crowd, including women, surged, and as a result his vehicle moved at a snail's pace. PTI JSP VGN JSP ROH

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