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    Axis Bank sees religious tourism, defence, MSMEs as key growth areas in UP
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September 7, 2026
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Digital payment transparency for religious institutions supports direct trust-account donations, reconciliation, and technology-led banking services.
Digital donation collection facilities for temples and religious establishments include kiosks, Bharat Bill Payment System payments and UPI QR-code payments. Donations may be credited directly to the relevant trust account, supported by transaction reconciliation and digital records to improve transparency and ease of transactions. Technology services also cover municipal dues payments and property-tax assessment, alongside banking support for defence-sector ecosystems, MSMEs, agriculture and priority-sector lending.
September 7, 2026
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Rupee exchange-rate movement reflected crude oil pressures, domestic equity weakness, foreign inflows, and a softer dollar.
Foreign-exchange market conditions resulted in the rupee closing weaker against the US dollar after initial support from foreign currency deposit inflows. Rising crude oil prices and weakness in domestic equity markets weighed on sentiment and offset support from a softer dollar and foreign investor equity purchases. Future movement may remain influenced by foreign inflows, crude oil prices, domestic market conditions, geopolitical tensions and inflation data.
September 7, 2026
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Surrogate advertising allegations challenge notices targeting brand ambassadors and raise jurisdiction and hearing concerns for product promoters.
Challenge to surrogate advertising allegations concerns notices requiring brand ambassadors promoting Vimal Elaichi to prove that it differs from prohibited pan masala, halt promotions, and remove digital materials. The product promoter contests the notices because they were addressed only to the actors, it was not heard, and the regulator allegedly lacked jurisdiction to stop the advertisements. Territorial jurisdiction to entertain the challenge is also contested.
September 7, 2026
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Free trade agreements and cyber-fraud prevention feature in India's stated strategy for economic growth, security, and digital protection.
India's external economic strategy relies on diplomatic engagement, strategic partnerships and free trade agreements to sustain growth amid geopolitical uncertainty. Cooperation extends to defence, technology, energy, investment and trade, as well as digital public infrastructure, disaster relief and capacity building. Internal and border security are treated as conditions for national development, while police responsibilities include community safety, maritime protection and tourist safety. Growing cyber-fraud risks linked to the digital economy are addressed through coordination with states and the national cybercrime helpline.
September 7, 2026
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Financial fraud prevention advances through accessible complaints, cyber awareness, intelligence-sharing, and AI-based detection of mule accounts.
Financial-fraud prevention measures rely on coordinated review of alleged fraud, unauthorised deposit collection, complaints, market intelligence, investor protection and cyber threats. The SACHET portal supports market intelligence and complaints concerning unregulated financial activities through multilingual and accessibility features. MuleHunter.ai uses artificial intelligence and machine learning to identify mule accounts used in fraudulent fund flows. Financial-literacy programmes and accessible educational initiatives promote safe banking, fraud awareness and coordinated responses to cyber-enabled financial crime.
September 7, 2026
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Technology-driven tax dispute resolution supports faster tribunal processes, reduced litigation, and improved taxpayer services through digital filing and assessments.
The Kolkata Bench of the Income Tax Appellate Tribunal is intended to expedite tax-dispute resolution across 12 states, including seven northeastern states, while advancing impartial, accessible and swift justice. Its administrative role includes improving justice delivery, reducing pendency and pursuing AI-driven digital transformation. The Income Tax Department and the Tribunal seek reduced litigation and improved taxpayer services through technology-driven measures, including faceless assessment and electronic filing.
September 7, 2026
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Appeals against NIL or Zero GST demand orders are enabled where taxpayers paid liabilities before issuance of the order.
GST Portal validation restricting appeals against demand orders showing NIL or Zero demand has been removed where a liability dispute exists and the taxpayer made payment before issuance of the demand order. Taxpayers may challenge such orders by filing an appeal in Form GST APL-01, and may raise a ticket with the GST Helpdesk if filing difficulties arise.
September 7, 2026
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Certificate of origin API integration enables exporters to submit applications, receive certificates, verify issuance, and reduce repetitive data entry.
Open API integration for Certificates of Origin enables eligible exporters to connect ERP, accounting and other business software with the Trade Connect e-Platform for electronic application submission. The facility covers preferential and non-preferential certificates, provides authentication, file-submission and certificate-verification APIs, and maintains a transaction ledger for application tracking. Security measures include digital signatures, password hashing, IP whitelisting and time-limited access tokens. Relevant origin criteria, fields and validation rules are automatically applied according to the selected trade agreement or certification scheme.
September 7, 2026
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Free trade agreements and strategic partnerships were identified as supporting India's trade engagement and economic growth amid geopolitical disruption.
India's international economic engagement through free trade agreements and strategic partnerships was identified as a means of sustaining economic growth amid geopolitical disruption. Economic cooperation was described as extending across defence, technology, energy, investment and trade. Nine free trade agreements were stated to have been concluded by 2026, with further trade arrangements proposed with other countries. Pursuit of free trade agreements was linked to increasing trade and to reported first-quarter GDP growth in the financial year 2026-27.
September 7, 2026
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Leadership, talent recognition and legacy framed a discussion linking cricketing performance with entrepreneurship and organisational responsibility.
No FEMA or RBI regulatory measure, compliance obligation, legal interpretation, or adjudicatory determination is identified. The subject matter concerns leadership, performance and entrepreneurship, with emphasis on preparation, decision-making under pressure, teamwork, recognising potential and supporting talent. Corporate success is linked with creating opportunities, contributing to society and building a lasting legacy. Zaggle is described as providing enterprise spend management, card-based financial products through banking partnerships and software offerings for corporate customers.
September 7, 2026
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AI-driven digital markets require competition scrutiny of autonomous pricing, self-preferencing, discriminatory pricing, tying, and market manipulation.
Artificial intelligence may accelerate anti-competitive conduct in digital markets through self-preferencing, discriminatory pricing, tying and market manipulation. Agentic AI may create particular concerns where it monitors competitors' prices and autonomously responds without direct human intervention. Competition law aims to prevent anti-competitive practices, promote competition, protect consumers and preserve freedom of trade, while allowing legitimate growth and innovation. Market dominance is not objectionable in itself; concern arises from abuse of dominance through exclusionary or exploitative practices.
September 7, 2026
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Healthcare innovation and supply-chain self-reliance are prioritised through trade access, investment, research collaboration, testing infrastructure, and quality standards.
Healthcare-sector development priorities seek to expand medical devices, diagnostics, digital health, research, and pharmaceutical machinery through exports, import substitution, and services growth. Free trade agreements are presented as supporting preferential market access, services opportunities, and mobility. Sectoral growth is linked to startup incubation, intellectual-property capability, international research collaboration, technology transfer, and joint ventures. Healthcare self-reliance requires indigenous equipment, critical components, resilient supply chains, shared testing and certification infrastructure, and uncompromising quality standards.
September 7, 2026
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Medical value tourism quality standards prioritise verified hospitals, ethical treatment, transparent pricing, and seamless international patient care.
Medical value tourism is proposed to expand through trained caregivers, transparent treatment packages, ethical hospital practices, seamless reimbursement and cashless-payment systems, telemedicine, and verified hospital participation. International patients are intended to receive care through accredited quality systems, supported by interpreters, global outreach, and coordinated healthcare networks. Expansion beyond metropolitan areas must maintain equivalent high-quality care for domestic and foreign patients without discrimination. Certification systems are expected to remain professionally independent and free from unethical influence.
September 7, 2026
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Foreign exchange market pressures from rising crude oil and weak domestic equities constrained rupee support from foreign inflows.
Foreign exchange market conditions caused the rupee to depreciate against the US dollar despite support from FCNR dollar inflows and a softer dollar. Rising crude oil prices, weak domestic equities and global headwinds constrained gains. The outlook remained dependent on foreign inflows, dollar movements, crude prices, market sentiment and inflation data, with geopolitical tensions capable of increasing pressure on the currency.
September 7, 2026
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Healthcare supply-chain resilience requires diversified sourcing, global investment, domestic innovation, and stronger medical-device production supported by enabling infrastructure.
Healthcare supply-chain resilience requires diversified sourcing, restoration of domestic capacity in Active Pharmaceutical Ingredients and Key Starting Materials, and continued imports where necessary through multiple suppliers and geographies. Pharmaceutical industry growth should move beyond generics towards research, development, patented products, new molecules, biosimilars and biotechnology. Regulatory convergence should support clinical trials, patenting and new-product introduction. Government support is contemplated for medical value travel, healthcare infrastructure, bulk drug parks, plug-and-play facilities, medical-device component production and scientific validation of Ayush products.
September 7, 2026
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Foreign exchange market pressures offset rupee support from FCNR inflows amid higher crude oil and dollar demand.
The rupee gained marginally against the US dollar, supported by FCNR-related dollar inflows and robust liquidity. Elevated Brent crude prices, safe-haven dollar demand and geopolitical tensions constrained this support. Higher oil prices may enlarge India's import bill, increase dollar demand and pressure the rupee, although rising foreign-exchange reserves indicated external-sector strength.
September 6, 2026
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Census data privacy and electoral integrity concerns emerge alongside calls to repeal insolvency law and protect political dissent.
CPI(M) called for repeal of the Insolvency and Bankruptcy Code, alleging that insolvency processes enabled diversion of public resources. It questioned economic growth figures against agricultural weakness, mining contraction, higher input costs, inflation, unemployment and malnutrition. The party also raised Census data privacy concerns over caste-data collection, potential linkage with government databases, and possible implications for citizenship, electoral rolls and future delimitation.
September 6, 2026
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Food business licensing: Third-party restaurant operators require their own licences and cannot operate under another entity's registration.
Food Business Operator licensing requires the entity holding a food licence or registration to itself conduct the licensed food business at the specified premises. A third-party operator cannot operate under another entity's licence or registration and must obtain its own licence or registration. Regulatory notices concerning such arrangements may also address hygiene lapses and structural violations, followed by consideration of the operators' responses.
September 6, 2026
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European diesel supply dependence on alternative refiners grows amid constrained exports, weakening transatlantic flows, and restricted shipping routes.
European diesel supply is becoming increasingly dependent on Indian refining capacity as Russian diesel and gasoil exports remain constrained by export restrictions, refinery disruptions and port outages, while US shipments to Europe have weakened. Alternative supply routes offer limited additional clean-product volumes because reduced tanker crossings and lower ship-to-ship transfers offshore Oman constrain flows through the Strait of Hormuz. Low diesel inventories, seasonal demand and planned refinery maintenance increase exposure to supply disruptions.
September 5, 2026
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Tariff-driven inflation and elevated borrowing costs constrain growth, while durable deficit reduction may require spending restraint and tax increases.
Persistent inflation, elevated interest rates and rising public debt constrain economic growth policy. Tariffs and oil shortages are identified as contributing to inflationary pressures, while lower interest rates could increase money flows and worsen inflation. Tariffs, tax cuts, artificial intelligence productivity gains and anti-fraud measures are advanced as mechanisms to support growth, investment and domestic employment. Fiscal sustainability, however, cannot be achieved through growth alone where social security and healthcare costs exceed revenue growth; deficit reduction may require slower spending, spending reductions and tax increases.

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India close partner of US, but Trump imposed additional tariff for purchasing Russian oil: Rubio

September 24, 2025

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New York, Sep 24 (PTI) India is a very close partner of the US, but President Donald Trump has imposed additional tariffs on New Delhi for its purchases of Russian oil as part of actions taken against President Vladimir Putin for the Ukraine war, Secretary of State Marco Rubio has said.

He made the remarks in an interview with Good Morning America while responding to a question that Trump has "repeatedly threatened" to take action against Putin but backed off those threats, and how much more time is Trump going to give the Russian leader, who has intensified his attacks on Ukraine.

"Well, I think he has taken action. So, for example, we've imposed additional tariffs on India -- and they’re a very close partner of ours -- and we had meetings with them again yesterday, and it has to do with their purchase of Russian oil," Rubio said.

When it was pointed out that Trump has not taken any direct action on Russia, Rubio referred to the bill by US Senator Lindsey Graham, which "was about tariffs on India and China for the purchase of oil and gas from Russia".

"I think the President has also called on Europe to step up to the plate. There are countries in Europe that are still buying massive amounts of natural gas and oil from Russia, in essence, directly fueling the war effort. The President has also instructed us, and we’ve made a lot of progress working on security guarantees," the Secretary of State said.

He added that shortly after the Alaska summit between Trump and Putin, European leaders had come to Washington.

"We agreed to work on security guarantees for the future of Ukraine after the end of this conflict. We've made a tremendous amount of progress in creating the outlines for that, and that’s going to be essential in any negotiated end to the war," Rubio said.

Rubio had met External Affairs Minister S Jaishankar here on Monday morning on the sidelines of the 80th session of the United Nations General Assembly high-level week.

In a post on X, Jaishankar had said it was "good to meet" Rubio in New York.

"Our conversation covered a range of bilateral and international issues of current concern. Agreed on the importance of sustained engagement to progress on priority areas. We will remain in touch," Jaishankar had said.

After the meeting, the US said that India is a relationship of critical importance to the United States and voiced "appreciation" for the Indian government's continued engagement on bilateral issues, including trade, defence and energy.

Rubio, reiterating that "India is a relationship of critical importance to the United States, expressed his appreciation for the Indian government’s continued engagement on a number of issues, including trade, defence, energy, pharmaceuticals, critical minerals, and other items related to the bilateral relationship,” a readout of the meeting provided by the State Department had said.

Rubio and Jaishankar agreed that the United States and India will continue working together to promote a free and open Indo-Pacific region, including through the Quad, the statement added.

The meeting, which lasted for about an hour, was the first in-person meeting between Rubio and Jaishankar amid tensions between the two countries over the last few months on trade, tariffs and Delhi’s purchases of Russian energy.

The Trump administration imposed an additional 25 per cent tariff on Delhi as a penalty for its purchases of Russian oil, taking the total levies imposed on India by the US to 50 per cent, among the highest in the world.

Just days before the meeting, President Donald Trump signed a proclamation imposing a staggering USD 100,000 fee on new H1B visas. The announcement caused widespread concern and panic among Indian professionals, including those from the IT and medical fields, who are the largest beneficiaries of the H1B skilled-worker program.

Rubio and Jaishankar had last held bilateral discussions in July in Washington DC on the sidelines of the Quad Foreign Ministers' Meeting.

In a separate interview with Fox and Friends, Rubio said Trump has put more time and energy into peace proposals and peace initiatives than anybody else in the world, and he has had the most success of anybody else in the world.

"He doesn’t get a lot of credit, but let’s not forget the Democratic Republic of Congo and Rwanda had a war going on; it's the President that brokered that. Azerbaijan and Armenia, it's the President who brought that about.

"Thailand and Cambodia -- it's the President that brought the end to that about. India and Pakistan. That's just four right off the top of my head in the last few months. And the President is the one who did that, not any other leader in the world and not the UN," Rubio said.

From the podium of the United Nations General Assembly, Trump declared again that he stopped the conflict between India and Pakistan, as he lashed out at the world organisation for its failure to "even try to help" in ending the conflict.

"Likewise, in a period of just seven months, I have ended seven unendable wars. They said they were 'unendable, you are never going to get them solved'," Trump said in his address at the General Debate of the high-level 80th session of the UN General Assembly on Tuesday.

Trump said some of the wars he helped end were going on for decades.

"I ended seven wars, and in all cases they were raging, with countless thousands of people being killed. This includes Cambodia and Thailand, Kosovo and Serbia, the Congo and Rwanda -- a vicious, violent war that was, Pakistan and India, Israel and Iran, Egypt and Ethiopia and Armenia and Azerbaijan," the US president said.

"It included all of them. No president or prime minister, and for that matter, no other country has ever done anything close to that. And I did it in just seven months. It's never happened before. There's never been anything like that. Very honoured to have done it,” Trump added. PTI YAS NSD NSD

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