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    IDFC FIRST Bank enables Direct Tax payments through UPI, cards, net banking and branches
    Sensex slumps 1,248 pts as IRDAI proposal hits financial shares; rising crude, US yields weigh
    Bajaj Finance Personal Loan Offers Rs. 40,000 to Rs. 55 Lakh with Tenures up to 108 Months
    MCA issues advisory - cautions public against high-return promises by non-compliant Nidhi Companies
    Banks likely to deploy excess liquidity over next few months amid strong credit demand: RBI Deputy Guv
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    The Indian Economy in an Ever More Volatile and Complex World - Special Address by Dr. Poonam Gupta, Deputy Governor, Reserve Bank of India at the 13t...
    Technopark software exports rise 17.3 pc to Rs 17,092 cr in FY26
    IIEST, Shibpur partners with TCS to launch state-of-the-art centre of excellence in AI
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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
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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
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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
Show AI Summary
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
Show AI Summary
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
Show AI Summary
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.
September 24, 2026
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Restricted firecracker imports concealed through misdeclaration trigger seizure and criminal investigation under customs enforcement law.
Concealment of restricted firecrackers within an import container declared as bottles and wallpaper resulted in customs seizure under the Customs Act, 1962. Firecracker imports are restricted under the Foreign Trade Policy and require valid Directorate General of Foreign Trade authorisation and a Petroleum and Explosives Safety Organisation licence under the Explosives Rules, 2008. Investigation into attempted clandestine clearance led to the arrest under the Customs Act of a key syndicate member alleged to have orchestrated the import.
September 24, 2026
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Merger-control approval permits FIHM's phased acquisition of IIFL Capital Services equity through subscription, open offer and promoter purchase.
Merger-control approval permits FIHM to acquire certain additional equity share capital of IIFL Capital Services through a preferential issue on a private-placement basis and through shares tendered in a mandatory open offer. FIHM may also buy shares from the target's promoters if its aggregate shareholding with HWIC remains below the Target Shareholding after these steps.
September 24, 2026
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Full ownership acquisition in beauty and personal care receives competition approval for skin care and hair care operations.
Competition approval covers L'Ore al India Private Limited's acquisition of the entire shareholding in Onesto Labs Private Limited. The proposed combination concerns India's beauty and personal care sector and places the Target under the Acquirer's full ownership. Both entities operate in beauty and personal care products, including skin care and hair care.
September 23, 2026
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Advance disbursement of central government pay addresses anticipated banking disruption, with subsequent adjustment against the following month's entitlements.
Advance disbursement of September 2026 salary, wages and pensions is authorised on 25 September for central government employees, industrial employees and pensioners because of the proposed bank strike. Payments constitute advance payments and must be adjusted after full monthly entitlements are determined, with any adjustment made from October salary or wages. End-of-month banking transactions should, where feasible, be processed in advance.

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Instagram says it's safeguarding teens by limiting them to PG-13 content

October 15, 2025

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Washington, Oct 15 (AP) Teenagers on Instagram will be restricted to seeing PG-13 content by default and will not be able to change their settings without a parent's permission, Meta announced on Tuesday.

This means kids using teen-specific accounts will see photos and videos on Instagram that are similar to what they would see in a PG-13 movie -- no sex, drugs or dangerous stunts, among others.

"This includes hiding or not recommending posts with strong language, certain risky stunts, and additional content that could encourage potentially harmful behaviours, such as posts showing marijuana paraphernalia," Meta said in a blog post on Tuesday, calling the update the most significant since it introduced teen accounts last year.

Anyone under 18 who signs up for Instagram is automatically placed into restrictive teen accounts unless a parent or guardian gives them permission to opt out. The teen accounts are private by default, have usage restrictions on them and already filter out more "sensitive" content -- such as those promoting cosmetic procedures. But kids often lie about their ages when they sign up for social media, and while Meta has began using artificial intelligence to find such accounts, the company declined to say how many adult accounts it has determined to be minors since rolling out the feature earlier this year.

The company is also adding an even stricter setting that parents can set up for their children.

The changes come as the social media giant faces relentless criticism over harms to children. As it seeks to add safeguards for younger users, Meta has already promised it would not show inappropriate content to teens, such as posts about self-harm, eating disorders or suicide.

But this does not always work. A recent report, for instance, found that teen accounts researchers created were recommended age-inappropriate sexual content, including "graphic sexual descriptions, the use of cartoons to describe demeaning sexual acts, and brief displays of nudity".

In addition, Instagram also recommended a "range of self-harm, self-injury, and body image content" on teen accounts that the report says "would be reasonably likely to result in adverse impacts for young people, including teenagers experiencing poor mental health, or self-harm and suicidal ideation and behaviours".

Meta called the report "misleading, dangerously speculative" and that it misrepresents its efforts on teen safety.

Josh Golin, the executive director of the nonprofit Fairplay, said he is "very sceptical about how this will be implemented".

"From my perspective, these announcements are about two things. They are about forestalling legislation that Meta does not want to see, and they are about reassuring parents who are understandably concerned about what is happening on Instagram," he said.

"Splashy press releases will not keep kids safe, but real accountability and transparency will," Golin said, adding that passing the federal Kids Online Safety Act would push for this accountability.

Ailen Arreaza, executive director of ParentsTogether, was also sceptical.

"We have heard promises from Meta before, and each time we have watched millions be poured into PR campaigns, while the actual safety features fall short in testing and implementation. Our children have paid the price for that gap between promise and protection," Arreaza said. "While any acknowledgment of the need for age-appropriate content filtering is a step in the right direction, we need to see more than announcements -- we need transparent, independent testing and real accountability." Meta says the new restrictions go further than its previous safeguards. Teens will no longer be able to follow accounts that regularly share "age-inappropriate content" or if their name or bio contains something that is not appropriate for teens, such as a link to an OnlyFans account. If teens already follow these accounts, they will no longer be able to see or interact with their content, send them messages, or see their comments under anyone's posts, the company said. The accounts also will not be able to follow teens, send them private messages or comment on their posts.

Meta said it already blocks certain search terms related to sensitive topics such as suicide and eating disorders, but the latest update will expand this to a broader range of terms, such as "alcohol" or "gore" -- even if they are misspelled.

The PG-13 update will also apply artificial intelligence chats and experiences targeted to teens, Meta said, "meaning AIs should not give age-inappropriate responses that would feel out of place in a PG-13 movie".

The Motion Picture Association, which runs the film-rating system that was established nearly 60 years ago, said it was not contacted by Meta prior to its announcement.

"We welcome efforts to protect kids from content that may not be appropriate for them, but assertions that Instagram's new tool will be guided by PG-13 movie ratings or have any connection to the film industry's rating system are inaccurate," said Charles Rivkin, the chairman and CEO of the association, in a statement.

For parents who want an even stricter setting for their kids, Meta is also launching a "limited content" restriction that will block more content and remove teens' ability to see, leave or receive comments under posts.

To Maurine Molak, the co-founder of Parents for Safe Online Spaces, or ParentsSOS, whose son died by suicide in 2016 after being bullied online, Meta's announcement amounts to what she called a "PR stunt".

"Any time it seems like we are getting close to federal legislation ... that would actually hold them really accountable and create transparency and independent audits and require parental safety tools that work, it seems like they are always releasing some new safeguard," Molak said. "I think it is for Congress to see... 'hey, we have got parents, we got you covered, we are going to take care of you, we do not need legislation' and it is the same thing over and over again." While some advocates worry that the announcement may give parents a false sense of security about the safety of their kids on Instagram, Desmond Upton Patton, a professor at the University of Pennsylvania who studies social media, AI, empathy and race, said it gives a "timely opening for parents and caregivers to talk directly with teens about their digital lives, how they use these tools, and how to shape safer habits that enable positive-use cases".

"I am especially glad to see changes around AI chatbots that make clear they are not human, they do not love you back, and should be engaged with that understanding," he said. "It is a meaningful step toward a more joyful social media experience for teens." (AP) RC

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