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    DGFT Removes Physical Duty Payment Challans for Export Obligation Discharge Certificate Applications under Advance Authorisation and Export Promotion ...
    TRAI directs use of 1601-series for service, transactional calls by utilities, logistics cos
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    Why Most People Choose the Wrong Savings Account And How Not to Be One of Them
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    August 10, 2026
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    Trusted service-call numbering requires verified utilities and logistics entities to use dedicated numbers exclusively for transactional and service communications.
    The 1601-series is introduced for verified utilities, courier and logistics entities making service and transactional voice calls. Numbers must be allocated directly to eligible entities, not intermediaries or aggregators, following verification by telecom service providers and an undertaking of exclusive use. Promotional voice calls are prohibited on this series and remain associated with the 140-series. The framework separates these calls from the 1600-series reserved for regulated financial-sector and government-to-citizen communications, supporting consumer recognition of legitimate calls and reducing impersonation risks.
    August 10, 2026
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    GST revenue collection drives tax growth while data scrutiny, taxpayer verification, and compliance capacity remain key administrative priorities.
    GST constituted the principal component of tax revenue for the 2025-26 fiscal year. Tax administration faces staff shortages, information-technology upgrade needs, and increased workloads from taxpayer registrations and return filings. Compliance oversight requires GST data scrutiny, risk assessment, identification of unregistered taxpayers, tax-evasion detection, and field verification of high-risk taxpayers. Long-term revenue planning sets progressively higher collection targets through 2063.
    August 10, 2026
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    Russian crude imports reshape India's refining trade as processed petroleum products reach sanctioning jurisdictions despite import restrictions.
    Indian imports of Russian crude oil reached a second consecutive monthly record in July 2026, with Russian crude forming the dominant share of India's Russian fossil-fuel purchases and more than half of total crude imports. Higher receipts through smaller terminals offset reduced volumes at Paradip. Indian refineries processing Russian crude also exported refined petroleum products to sanctioning jurisdictions, including the European Union, Australia and the United States, despite the European Union prohibition on imports of oil products made from Russian crude.
    August 10, 2026
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    Cyber-fraud through stolen phones allegedly used mule accounts, banking credentials and coordinated technical operations to divert victims' funds.
    Investigation into unauthorised withdrawals after theft of a mobile phone uncovered an alleged interstate cyber-fraud network using stolen devices, linked banking credentials and mule bank accounts. The scheme allegedly involved phone theft, supply of accounts and banking instruments, and a technical operation that accessed victims' accounts and routed funds for withdrawal or transfer. Digital surveillance, transaction mapping, seized devices, victim data and transaction records are being examined to identify linked complaints and the extent of funds allegedly diverted.
    August 10, 2026
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    Rupee depreciation reflected stronger dollar, elevated crude prices and geopolitical uncertainty, while portfolio inflows and equity gains provided support.
    The rupee depreciated against the US dollar amid a stronger dollar, higher global crude oil prices and uncertainty surrounding West Asia-related negotiations. Concerns over crude oil's potential impact on the trade deficit weighed on the currency, while positive domestic equity markets and foreign portfolio investment inflows provided support. Market caution remained focused on forthcoming US inflation data, dollar-index movements and Brent crude prices. Foreign-exchange reserves increased during the reported period.
    August 10, 2026
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    Collateral-free personal loans offer extended repayment flexibility, conditional reward benefits, and online application subject to eligibility and disbursal requirements.
    Loan Utsav 2026 provides eligible Bajaj Finance Personal Loan applicants an exclusive reward bundle where the loan is successfully disbursed during the campaign period. The collateral-free facility supports personal expenses, offers repayment tenures from 12 to 108 months, and may enable lower monthly EMI obligations through a longer selected tenure. Interest rates depend on eligibility, credit assessment, financial profile and lending criteria. Online applications require personal and financial details and required documents, with disbursal for eligible applicants possible after verification and approval.
    August 10, 2026
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    Credit card payment flexibility supports seasonal shopping and travel through eligible EMIs, rewards, tracking tools and conditional merchant benefits.
    Credit-card spending features include conversion of eligible purchases into EMIs, selected no-cost EMI options, reward points, cashback, merchant discounts and payment flexibility. Travel-related benefits may include domestic airport lounge access, travel-booking discounts, fuel-surcharge waiver and anniversary-linked rewards. The AU 0101 application enables transaction tracking, balance and interest-rate monitoring, EMI conversion and bill-payment management. Features and offers are subject to change, customer eligibility, internal policies and partner-merchant terms.
    August 10, 2026
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    Foreign-exchange market conditions weakened the rupee as stronger dollar and crude prices offset support from reserve growth and inflows.
    Foreign-exchange market conditions saw the rupee weaken against the US dollar in early trading, influenced by a stronger dollar and higher global crude oil prices. Foreign institutional equity inflows and increased foreign-exchange reserves moderated pressure on the rupee. Market attention remained focused on developments in West Asia and the Reserve Bank of India, alongside movements in the dollar index, crude oil prices and domestic equity markets.
    August 10, 2026
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    GI-tagged Mithila Makhana export facilitation expands sea-route market access while supporting quality compliance and farmer-linked value chains.
    Export facilitation for GI-tagged Mithila Makhana enabled the first commercial sea-route shipment from Bihar to Australia. APEDA, in association with the Bihar agriculture department, supported market access, coordination, capacity building and stakeholder engagement. The export model is intended to improve farmer price realisation, require adherence to global quality standards, and strengthen growers, processors and exporters. A separate HS Code for Makhana has taken effect under the Finance Bill, 2025, supporting product-specific trade classification.
    August 10, 2026
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    Startup ecosystem support expands through digital payments, cloud access, AI innovation, investment readiness, governance support and global market programmes.
    DPIIT has entered into strategic MoUs to support DPIIT-recognised startups through payment infrastructure, entrepreneurship development, cloud technology, mobility innovation, investment readiness and global-market access. Eligible startups may receive payment and cloud support, technical training, mentorship, startup formalisation assistance, market and investor connections, AI and mobility enablement, and programmes addressing governance, financial readiness, compliance and international expansion. The collaborations promote innovation across digital payments, clean energy, artificial intelligence, climate technology, advanced manufacturing, mobility and automotive technology.
    August 10, 2026
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    UPI transaction charges remain unavailable for consumers and person-to-person payments, while limited threshold-based merchant MDR may be considered.
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    GST compliance failures and electricity subsidy controls raise allegations of financial irregularities and potential losses to the public exchequer.
    Allegations based on a Comptroller and Auditor General report identified purported GST compliance failures involving outstanding tax liabilities, e-way bills generated after cancellation of GST registrations, limited bill scrutiny, non-compliance, and turnover mismatches. The allegations also concerned electricity subsidies extended to consumers with prolonged zero bills or apparent non-residence, presenting these issues as possible financial irregularities and losses to the public exchequer.
    August 9, 2026
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    Money-laundering prosecution complaints allege fund diversion through shell entities, credit-facility evergreening, layered transactions and fictitious project expenditure.
    Money-laundering prosecution complaints allege that funds from toll-road projects and credit facilities were diverted through group companies, contractors, shell entities and conduit accounts. In the toll-road matter, allegedly sham or back-dated subcontracting arrangements and subsequent documentation were used to portray transfers as genuine project expenditure. In the credit-facilities matter, fresh facilities were allegedly used to repay, rotate and evergreen earlier liabilities rather than for sanctioned end-use, with funds layered and presented as legitimate business expenditure or receipts. Attached assets are sought to be confiscated as alleged proceeds of crime.
    August 9, 2026
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    Direct Benefit Transfer pension disbursement replaces cooperative-bank doorstep delivery, while preserving home payments for beneficiaries unable to use bank accounts.
    Direct Benefit Transfer of social security and welfare pensions to Aadhaar-linked bank accounts is intended to replace cooperative-bank doorstep delivery, except for bedridden and similarly situated beneficiaries. The change addresses delays in remitting undistributed pensions, deficient record updates and reconciliation, duplicate payments, delivery incentives, and compliance with Direct Benefit Transfer norms. Criticism focuses on beneficiary access to linked commercial-bank accounts, possible minimum-balance deductions, exclusion of cooperative banks, and the effect on doorstep-delivery workers.
    August 8, 2026
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    Engineering business growth supported Raymond's first-quarter performance, with export expansion, capacity investment and net-debt-free financial flexibility.
    Raymond Limited reported unaudited first-quarter FY27 growth in total income, EBITDA and profit before tax before exceptional items, while remaining net-debt-free with a net cash surplus. Its Engineering business comprises Precision Technology & Auto Components and Aerospace & Defence. Growth in the former was attributed to export expansion, operating leverage, product mix and cost reductions. Aerospace & Defence growth was linked to production for global OEMs, portfolio expansion and increased capacity, although margins were affected by targeted research and development investment. Forward-looking statements remain subject to regulatory, political, economic and technological risks.
    August 8, 2026
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    Savings account selection requires comparison of effective interest, fees, digital service, access, and individual banking needs.
    Savings-account selection should compare effective interest returns under slab-based rates, recurring operating charges and the customer's actual banking needs. Net value depends not only on advertised rates but also on relevant minimum-balance, card, ATM, alert and transfer fees. Digital reliability, customer support, branch availability and ATM access should be assessed according to the customer's average balance, cash use, transfer frequency, travel patterns and need for in-person assistance. The suitable account is one that matches real banking behaviour.

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      'Insult to women, unacceptable': Oppn slams govt over women journalists' absence from Afghan FM presser

      October 11, 2025

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      New Delhi, Oct 11 (PTI) The opposition on Saturday termed the absence of female journalists from a press conference of visiting Afghan Foreign Minister Amir Khan Muttaqi “unacceptable” and “an insult to women”, and asked Prime Minister Narendra Modi to clarify his position on the matter.

      Congress general secretary Priyanka Gandhi Vadra said if the prime minister's recognition of women's rights isn't just convenient posturing from one election to the other, how has this "insult to some of India's most competent women been allowed in our country".

      The Congress said it was shocking and unacceptable that the government of India agreed to the "ban on female journalists" at the presser in Delhi.

      In a post on X, Congress general secretary in-charge communications, Jairam Ramesh, said, "(Tali)ban on female journalists in India. Shocking and unacceptable that the Govt of India agreed to it -- and that too in New Delhi on the eve of the International Day of the Girl Child." Priyanka Gandhi asked Modi to clarify his position on the absence of women journalists from Muttaqi's press conference, and described the incident as an "insult to some of India's most competent women".

      "Prime Minister @narendramodi ji, please clarify your position on the removal of female journalists from the press conference of the representative of the Taliban on his visit to India," she said on X.

      "If your recognition of women's rights isn't just convenient posturing from one election to the other, how has this insult to some of India's most competent women been allowed in our country, a country whose women are its backbone and its pride," Priyanka Gandhi said.

      The press conference addressed by Muttaqi on Friday saw participation restricted to a handful of reporters, while women journalists were conspicuous by their absence.

      Muttaqi held the interaction at the Afghan embassy in New Delhi, hours after holding wide-ranging talks with External Affairs Minister S Jaishankar.

      It is learnt that the decision on inviting journalists to the media interaction was taken by Taliban officials accompanying the foreign minister.

      People familiar with the matter said the Indian side suggested to the Afghan side that women journalists should be part of the invitees for the event.

      In a post on X, former home minister and senior Congress leader P Chidambaram said, "I am shocked that women journalists were excluded from the press conference addressed by Mr Amir Khan Muttaqi of Afghanistan." "In my personal view, the men journalists should have walked out when they found that their women colleagues were excluded (or not invited)," Chidambaram said.

      Trinamool Congress MP Mahua Moitra also slammed the government on the issue.

      "The government has dishonoured every single Indian woman by allowing the Taliban minister to exclude women journalists from his presser. Shameful bunch of spineless hypocrites," she said on X.

      Another Trinamool MP, Sagarika Ghose, claimed the Narendra Modi government again "reveals its failure to evolve a foreign policy in which engagement is separated from endorsement".

      "Women journalists being excluded from the #Taliban press conference in Delhi is UNACCEPTABLE and HATEFUL. This is not oh-so-smart 'geostrategic diplomacy', it is a surrender by the weak, failed Narendra Modi coalition government," she said on X.

      RJD MP Manoj Kumar Jha said that by not allowing women journalists to attend the press conference of the Taliban foreign minister, India has compromised its own moral and diplomatic standing.

      "This is not just a procedural lapse but a symbolic surrender of India's long-cherished commitment to equality, freedom of the press, and gender justice.

      "For a country that has prided itself on being the world's largest democracy and a champion of women's participation in every sphere, this incident is deeply disappointing and politically short-sighted," Jha said in a post on X.

      "It sends out the wrong message to Indian women and the global community that convenience has triumphed over conviction. Jai Hind," he added.

      Shiv Sena (UBT) MP Priyanka Chaturvedi said in an X post, "No women journalists invited for the presser (because of Taliban beliefs). The Bamiyan Buddhas (destroyed by Taliban) were the backdrop at the presser.

      "The messaging of the 'Emirates of Afghanistan' as recognised as of yesterday by the Indian government. Truly ironic," she said.

      Congress spokesperson Supriya Shrinate asked why did the Modi government agree to this "men-only" "Talibani diktat".

      "How weak are you @DrSJaishankar and @narendramodi," Shrinate asked.

      The Congress on its official X handle said women journalists were barred from Taliban Foreign Minister Muttaqi's press conference on Indian soil.

      "This is not just about one event. It reflects the utter disregard for women's dignity that has become normal under the Modi government. When the world looks to India, a democracy built on equality, what message are we sending by allowing such discrimination to take place here? "We demand answers from the Modi government. How can they let anyone disrespect women on our soil? Or is this the government's own vision for women's silence, exclusion, and submission?" "How weak are you, @DrSJaishankar and @narendramodi, that you cannot even defend the basic dignity of Indian women in your own country," the party asked.

      Congress MP Karti Chidambaram said, "I understand the geopolitical compulsions that force us to engage with the Taliban, but to accede to their discriminatory and plain primitive mores is outright ridiculous, it's very disappointing to note the conduct of the @MEAIndia and @DrSJaishankar in excluding women journalists from the press briefing of the Taliban Minister." The Taliban regime in Kabul has faced severe criticism from various countries as well as global bodies like the United Nations for restricting the rights of women in Afghanistan.

      On Friday, Muttaqi side-stepped a direct question on the plight of women in Afghanistan, but said every country has its own customs, laws and principles, and there should be respect for them.

      He claimed that the overall situation in Afghanistan has improved significantly since the Taliban came to power in August 2021.

      Muttaqi pointed out that some 200 to 400 people died in Afghanistan every day before the Taliban started ruling the country.

      "In these four years, there have been no such losses. Laws are in force and every one has their rights. Those who are engaging in propaganda are making a mistake," Muttaqi said.

      "Every country has its own customs, laws and principles, and works according to those. It is not correct that people are not given their rights. If people were not happy with the system and the laws, why has peace returned," he asked. PTI ASK ARI ARI

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