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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
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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
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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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Cisco and Social Alpha launch Krishi Mangal 3.0: Accelerator Program to support and scale 7 new-age Agri-tech startups

October 16, 2025

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• Selected startups to receive support across product development and market deployment • Program will offer milestone-based non-dilutive funding of up to INR 50 lakhs for field implementation and access to additional funding of up to INR 2 crores for scale-up • Beyond funding, startups to receive lab, capacity building and business advisory support New Delhi, October 16, 2025: Cisco India CSR and Social Alpha, India’s leading venture development platform for science and technology startups, today announced the launch of Krishi Mangal 3.0, the third edition of their flagship accelerator program for farmer-centric innovations. The latest edition of Krishi Mangal will scale seven startups that are harnessing the power of artificial intelligence, IoT, robotics, and renewables to address soil degradation, water management, farm mechanisation, post-harvest losses, and supply chain inefficiencies. With its emphasis on climate resilience and income security, Krishi Mangal 3.0 is designed to empower farmers with solutions that drive higher productivity and profitability while safeguarding the long-term viability of agricultural and allied practices. The accelerator program will support the selected startups with deployment focused milestone-based funding and scale-up opportunities. Each startup will deploy its solution with farmers and grassroots partners, backed by non-dilutive funding of up to INR 50 lakhs. The startups will have the opportunity to scale across multiple states with access to more than 200,000 farmers and 150 farmer producer organisations (FPOs) and have an opportunity to access an additional non-dilutive funding of up to INR 2 crores facilitated by Social Alpha. They will also have the opportunity to access seed investment from Social Alpha and its partners, subject to due diligence. Startups will also benefit from tailored business planning as well as access to Social Alpha Labs for product design, prototyping, and manufacturing support. The seven pioneering startups of the latest edition include: • Ekosight Technologies Pvt Ltd, through its Soil Doctor Clinic, acts as a local knowledge hub that geotags farms, tests soil, and provides season-long crop advisory. Its portable device tests 16 key soil parameters with over 95% accuracy, generating instant digital reports stored in the cloud. By combining geotagged data with satellite imagery and AI, the solution tracks crop health, identifies nutrient gaps, and guides fertilization strategies. • ArkaShine Innovations Pvt Ltd is advancing soil health management with AI-enabled, portable “Point-of-Care” devices that assess physical, chemical, and biological soil properties. Integrated with a digital dashboard, the solution delivers fertilizer and crop recommendations tailored to soil health and microclimatic conditions. By offering soil-specific nutrient guidance and advising on suitable cropping patterns, ArkaShine empowers farmers to improve yields and soil resilience. • Terracroft Agritech Pvt Ltd has developed KrishiBOT, a smart, battery-operated farm robot designed for inclusive and sustainable farming. Built for gender-neutral operation, KrishiBOT reduces physical strain, especially for women and elderly farmers. It supports line sowing and intercropping while minimizing soil compaction and lowering CO₂ emissions. By reducing manual effort and enhancing precision, KrishiBOT helps farmers boost productivity and adopt more sustainable practices. • Surobhi Agro Industries Pvt Ltd, through its platform Farmology, combines patented organic inputs with AI-powered agronomy solutions. Its system integrates IoT-based soil testing, AI-driven crop health monitoring, and personalized farmer consultations. With 95% accuracy, the platform helps farmers make timely decisions on water, pest, and nutrient management. It also provides climate alerts, supports sustainable practices, and connects farmers directly to markets. • Agribotic Systems Pvt Ltd has built a 90% indigenous agri-drone ecosystem designed for Indian farms. Compact and foldable, the drones enable affordable Drone-as-a-Service solutions for precision farming. With real-time spraying, obstacle avoidance, and a 10L tank capacity, the drones integrate with a mobile app for IoT-based data syncing, fleet management, and precision advisory. This innovation makes advanced farm mechanisation accessible and scalable for smallholder farmers. • Bhairaj Organics Pvt Ltd, with its solution Desigo, addresses inefficiencies in India’s milk supply chain by offering a clean, cold, and traceable delivery system. Using alternative energy, the system reduces fuel and electricity consumption, eliminating the need for cold storage and middlemen. With smart milk barrels, automated AI training, and FSSAI-compliant traceability, Desigo ensures 0% spoilage and affordable pricing. The model also empowers women entrepreneurs, supports indigenous breeds, and improves land fertility. • Rudra Solar Energy Pvt Ltd offers high-efficiency, low-cost solar cabinet dryers with three heat transfer modes that speed up drying, cut post-harvest losses, and improve product quality. With direct market linkages and a buy-back model, farmers secure fair prices, reduce reliance on intermediaries, and increase income while minimizing food waste. Announcing the third edition of Krishi Mangal, Harish Krishnan, Managing Director & Chief Policy Officer, Cisco India & ASEAN, said: “At Cisco, we believe in the power of an inclusive future, where technology acts as an enabler for everyone, everywhere. technology and innovation can make a big difference. Whether it’s using AI to predict weather and soil health, IoT sensors for smarter irrigation, or blockchain for better price transparency these technologies can help solve real problems on the ground. The startups in Krishi Mangal 3.0 cohort have done a great job of building and applying these innovations in truly meaningful ways. They’re not just working on technology; they’re solving real problems for farmers. This initiative is not just about agricultural innovation; it is a direct contribution to the vision of Viksit Bharat. By empowering our farmers with cutting-edge technology, we are boosting rural incomes, fostering economic resilience, and ensuring food security, all foundational pillars of a developed nation. Ganesh Neelam, Co-Founder, Social Alpha, said: “Smallholder farmers are navigating a complex web of systemic issues—from erratic monsoons and degrading soil health to rising input costs, limited infrastructure, and shrinking access to credit. Climate change continues to intensify these vulnerabilities, often pushing farming families into cycles of economic distress. At Social Alpha, we believe that deep science and technology can offer farmers new pathways to resilience. Through Krishi Mangal 3.0, we are backing entrepreneurs who are building climate-smart, farmer-first innovations that address these structural challenges and create sustainable, long-term impact.” Shri Deepak Bagla, Mission Director, Atal Innovation Mission, NITI Ayog, stated, “India has moved up the Global Innovation Index from rank 81 in 2015 to 39 in 2024. No other country of comparable size and scale has made such a significant leap in just 3,500 days. India is a land of extreme entrepreneurship, with close to 70 million MSME’s. The strength of our MSME’s lie in their ‘we will get it done’ mindset. The growth of the nation is tied to the growth of Agriculture, the primary sector in India. Through initiatives like Krishi Mangal, a new world order is being created. The innovators sitting in the room are reshaping the cost curve, which has a profound impact on agricultural progress. Each innovator is playing the role of a protagonist in bringing India to one of its most critical inflection points - not only for India but also globally, demonstrating to the world how it is done. Since its inception, Krishi Mangal has supported 12 startups across two successful editions. In the first edition, five startups deployed solutions in seven states, directly impacting over 17,000 farmers and collectively raising INR 34.8 crore in follow-on funding. The second edition enabled seven startups to deploy in six states, benefiting more than 32,000 farmers, reducing manual labour, improving productivity, lowering input costs, and enabling a cumulative increase of 14.9% in farmer incomes. Together, the first two editions have demonstrated the potential of technology-driven innovation to transform livelihoods, improve resilience, and build sustainable agricultural ecosystems. About Social Alpha Social Alpha is a multistage innovation curation and venture development platform for science and technology start-ups that address the most critical social, economic, and environmental challenges through the power of entrepreneurship and market-creating innovations. Since its inception in 2016, Social Alpha has nurtured over 350 start-ups, including 120+ catalytic grants and 100+ seed investments. Visit: https://www.socialalpha.org/ About Cisco India CSR Cisco (NASDAQ: CSCO) is the worldwide technology leader that is revolutionizing the way organizations connect and protect in the AI era. For more than 40 years, Cisco has securely connected the world. With its industry leading AI-powered solutions and services, Cisco enables its customers, partners and communities to unlock innovation, enhance productivity and strengthen digital resilience. With purpose at its core, Cisco remains committed to creating a more connected and inclusive future for all. Discover more on The Newsroom and follow us on X at @cisco Cisco and the Cisco logo are trademarks or registered trademarks of Cisco and/or its affiliates in the U.S. and other countries. A listing of Cisco's trademarks can be found at http://www.cisco.com/go/trademarks. Third-party trademarks mentioned are the property of their respective owners. The use of the word 'partner' does not imply a partnership relationship between Cisco and any other company. (Disclaimer: The above press release comes to you under an arrangement with NRDPL and PTI takes no editorial responsibility for the same.). PTI

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