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    11th Meeting of National Traders’ Welfare Board Convened in New Delhi
    DRI seizes 9.40 kg foreign-origin gold worth around Rs. 15 crore at Mumbai airport; three arrested
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September 25, 2026
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Trader welfare policy discussions covered GST reform, digital commerce, finance access, export promotion, and coordinated institutional support.
Deliberations covered GST rationalisation, refund delays, audit duration, amnesty schemes, input tax credit anomalies and pending appeals, alongside proposed inclusion of traders in MSME facilitation committees, a centralised loan portal with a 30-day timeline, CIBIL score reforms and grievance helplines. Trader welfare measures considered timely contractor payments, safeguards against technical penalties, loan-repayment flexibility during lean periods and stronger Centre-State coordination.
September 25, 2026
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Gold smuggling through powdered gold concealed in food products led to seizure and arrests under customs law.
Intelligence-led interception and baggage examination identified foreign-origin gold converted into fine powder and mixed with packaged food products of similar colour, texture and consistency. Segregation and assaying yielded 9.40 kg foreign-origin gold, which was seized under the Customs Act, 1962. Questioning linked the passengers to the same organised gold-smuggling syndicate, and they were arrested under that Act.
September 25, 2026
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Customs seizure of suspected smuggled areca nuts and restricted poppy seeds followed intelligence-led cross-border enforcement operations.
Intelligence-led customs enforcement in Mizoram and Assam resulted in seizure, under the Customs Act, 1962, of suspected foreign-origin areca nuts and poppy seeds believed on preliminary inquiry to have been smuggled from Myanmar. Searches of locked, unattended godowns near the Indo-Myanmar border recovered the commodities, while interception of two trucks carrying poppy seeds without valid import documents led to seizure of the consignments and vehicles. Four persons connected with transportation of the poppy seeds were arrested.
September 25, 2026
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Industrial control system cybersecurity certification validates system-level protection across wind farm controls, networks, and lifecycle security services.
IEC 62443-3-3 Security Level 2 certification applies to a wind farm control system covering SCADA, PPC, PLC and industrial network devices. It assesses system-level security requirements, including the interaction of components, networks and security mechanisms within an overall industrial control environment. The cybersecurity framework also spans secure development, certified core control components, system-level protection, and security integration and maintenance services across the lifecycle of wind energy technologies.
September 25, 2026
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Foreign exchange reserve composition reflects a weekly decline driven by foreign currency assets despite a modest gold increase.
India's foreign exchange reserves declined by USD 14.881 billion to USD 765.901 billion for the week ended 18 September 2026. The contraction was principally driven by a reduction in foreign currency assets, which also reflect valuation effects from movements in non-US reserve currencies. Gold reserves increased, while Special Drawing Rights decreased and the reserve position with the International Monetary Fund remained reported separately.
September 25, 2026
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Five-day banking proposal remains under consideration amid strike plans and measures for uninterrupted banking and advance disbursements.
Five-day banking remains under governmental consideration, with no Finance Ministry commitment to implementation. Unions linked the proposal to the 12th Bipartite Settlement/9th Joint Note, which contemplated extended Monday-to-Friday working hours. Family pension revision and a pension option for resignees were identified as addressed, while withdrawal of the Performance Linked Incentive scheme remains in abeyance. Public sector banks were instructed to remain open on the preceding Sunday, and central government salaries, wages and pensions were directed to be disbursed in advance.
September 25, 2026
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Alternative fuel transition promotes ethanol, electric and hydrogen mobility to reduce imports, pollution, and strengthen farm income.
Alternative-fuel and public-transport measures seek to reduce dependence on imported petroleum, curb air pollution, and support farmer income and employment. Ethanol is positioned as a farm-income source through increased demand and returns for maize growers, alongside electricity, hydrogen and waste-derived CNG. Development and introduction of flex-fuel vehicles, using engines capable of operating on ethanol, electric tractors, hydrogen-powered vehicles and hydrogen buses form part of a cleaner-mobility strategy.
September 25, 2026
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Foreign-exchange market intervention expectations supported rupee appreciation amid improved risk sentiment, while importer demand and crude prices constrained gains.
Foreign-exchange market conditions supported a 19-paise appreciation of the rupee to 95.80 against the US dollar, aided by improved global risk sentiment and expectations of Reserve Bank intervention. Dollar demand from importers, high crude prices and US dollar strength constrained gains. Lower crude prices and dollar weakness could support the rupee, while geopolitical escalation may create pressure. Market participants expected intervention if the currency weakened toward 96.
September 25, 2026
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Credit health assessment combines score, repayment history, utilisation, accounts and enquiries to support informed borrowing and profile monitoring.
Credit health is broader than a numerical credit score and encompasses the way credit has been managed over time. Credit analysis requires a combined review of the score, repayment history, credit accounts, credit utilisation, credit history and credit enquiries. A credit report may identify management of EMIs and credit-card dues, existing borrowing obligations, use of revolving credit relative to available limits, and recent lender checks associated with credit applications. Incorrect or unfamiliar entries may be reviewed and, where necessary, raised with the relevant lender or credit bureau.
September 25, 2026
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Fuel-price mitigation measures use tax reductions, targeted subsidies and energy-security policies to ease pressure on households and energy-intensive industries.
European fuel-price intervention combines targeted subsidies, fuel-tax reductions, temporary regulatory flexibilities and energy-security investment to moderate the economic effects of sharply higher gasoline and diesel prices caused by disrupted supplies. Member States have temporary discretion to grant state aid to households and energy-intensive sectors, including agriculture, transport and fishing, and limited flexibility under EU spending rules for investments that improve energy security and reduce dependence on imported fossil fuels.
September 25, 2026
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AI management certification anchors responsible lifecycle governance, transparency, accountability, security, and human oversight for agentic loyalty systems.
ISO/IEC 42001:2023 certification applies to an Artificial Intelligence Management System governing AI development, deployment, oversight and continual improvement within the GRAVTY platform. The framework supports AI-related risk management, responsible governance, transparency, accountability, security and human oversight throughout the AI lifecycle. Its scope includes supervised and unsupervised learning models and large language models supporting personalised engagement, fraud management, loyalty intelligence, autonomous decision-making, operational automation and workflow support.
September 25, 2026
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Digital warehousing controls propose electronic tracking, secure transport, monthly returns, and risk-based compliance verification for warehoused goods.
Draft Warehousing Operations Regulations, 2026 would require public and private warehouse licensees to use the electronic portal and a digital warehouse management system for receipt, storage, transfers, removals and accounting of warehoused goods. Transport would generally require a one-time-lock and transit-risk insurance, subject to specified exemptions. Licensees would verify locks and goods, report discrepancies, maintain auditable electronic records, submit monthly returns, and permit removals for home consumption or export only upon electronic clearance orders. Non-confirmation, discrepancies and contraventions would trigger information demands, risk-based verification and action under the Customs Act.
September 25, 2026
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Technology risk governance requires banks to retain accountability, test resilience, and govern artificial intelligence before scaling financial services.
Technology risk governance must treat technology architecture as a first-order enterprise risk, alongside conventional financial risks, because the availability and integrity of core banking, payments, onboarding, credit, fraud-monitoring and reporting systems determine whether customers can access essential financial services. Banks may outsource technology functions but retain accountability for access controls, concentration, recoverability, data protection and exit options. Effective resilience requires secure architecture, asset visibility, timely remediation of vulnerabilities and legacy systems, identity and access management, effective controls, third-party oversight, post-incident learning, and regular recovery testing.
September 25, 2026
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Global value chain integration advances trade partnerships, semiconductor capacity, and deep-tech innovation within broader economic engagement.
India's global economic engagement prioritises trade and economic partnerships to strengthen participation in global value chains and supply chains, facilitating cross-border movement of goods and services. The approach is linked to projected semiconductor demand and development of artificial-intelligence capabilities, alongside innovation, deep-tech startup support and private-sector space activity. The startup ecosystem is described as having expanded substantially, with current policy emphasis on deep-tech innovation and participation in global markets.
September 25, 2026
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Trade agreement review targets balanced, user-friendly, trade-facilitative rules to address asymmetries and strengthen regional commerce.
The ongoing review of the ASEAN-India Trade in Goods Agreement seeks to enhance trade flows, address trade asymmetries, and deliver a balanced, effective, user-friendly, and trade-facilitative arrangement for businesses. It forms part of India's commitment to mutually beneficial trade partnerships and regional trade arrangements.
September 24, 2026
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Portfolio management reforms broaden permitted investments, establish independent fund managers, and retain registered managers' responsibility for client portfolios.
Portfolio-management reforms replace the 2020 framework and expand investments into IPOs, primary-market debt, listed overseas equity and debt, and direct plans of Indian mutual fund schemes. Investment-grade unlisted non-convertible debt may comprise up to 10 per cent of client assets under management with client consent. Independent Fund Managers may operate with registered portfolio managers, which retain responsibility and liability. Accredited-investor eligibility is broadened, while specified compliance requirements are relaxed where adequate audit trails and internal controls exist.
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.

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Exceptional coordination among armed forces brought Pakistan to its knees: PM Modi

October 20, 2025

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Panaji, Oct 20 (PTI) Prime Minister Narendra Modi on Monday said the exceptional coordination among the three armed forces -“ fear instilled by the Navy, extraordinary skills of the Air Force and bravery of the Army -“ forced Pakistan to its knees during Operation Sindoor in no time.

Addressing the Navy personnel onboard INS Vikrant off the Goa coast, he said the indigenously built aircraft carrier was a "powerful symbol of Aatmanirbhar Bharat' and its handover to the Navy led to renouncement of a major colonial legacy.

"A few months ago we had seen how INS Vikrant had given Pakistan some sleepless nights. INS Vikrant, the name itself puts an end to the courage of the enemy," Modi said.

Modi spent a night onboard INS Vikrant and witnessed the Navy's air power at the high seas with MiG 27 aircraft demonstrating its skills on the aircraft carrier built at the Cochin Shipyard.

He said that when the enemy is in front and war is imminent, the side that possesses the strength to fight independently always holds the advantage.

"The fear instilled by the Indian Navy, the extraordinary skill demonstrated by the Indian Air Force, and the bravery of the Indian Army, along with the exceptional coordination among all three services, brought Pakistan on its knees swiftly during Operation Sindoor," the prime minister said, adding that the armed forces deserved a special salute for their actions.

"For the armed forces to be strong, self-reliance is essential," he said, asserting that over the years India's forces have steadily advanced towards self-reliance.

"Missiles such as BrahMos and Akash have proven their capabilities during Operation Sindoor. Several countries around the world are now interested in purchasing these missiles," Modi said.

He said that the armed forces have identified thousands of items that will no longer be imported, resulting in most essential military equipment now being manufactured domestically.

He said that in the last 11 years, India's defence production has more than tripled, crossing Rs 1.5 lakh crore last year.

Since 2014, Indian shipyards have delivered over 40 indigenous warships and submarines to the Navy, Modi said, adding that on an average a submarine or warship produced domestically is being inducted every 40 days.

He said India was building the capacity to export weapons and equipment for all three armed forces.

"India's goal is to be counted among the world's top defence exporters", Modi said, adding that over the past decade, the country's defence exports have increased more than 30-fold.

He credited this success significantly to the contributions of defence start-ups and indigenous defence units.

The prime minister also commended the Indian Coast Guard for their vital role in national defence and noted their continuous coordination with the Navy to secure India's coastline day and night.

He recalled the moment when INS Vikrant was handed over to the nation, and said the warship was grand, immense, panoramic, unique and exceptional.

"Vikrant is not merely a warship; it is a testament to 21st-century India's hard work, talent, impact, and commitment," Modi said.

"On the very day the nation received the indigenously built INS Vikrant, the Indian Navy renounced a major symbol of colonial legacy," he said.

Modi highlighted that inspired by Chhatrapati Shivaji Maharaj, the Navy adopted a new flag.

INS Vikrant, India's first home-built aircraft carrier, was commissioned in 2022 to strengthen the country's naval presence.

Described as a city on the move, INS Vikrant is the largest warship to be built in India and also India's second operational aircraft carrier after INS Vikramaditya, which was built on a Russian platform.

Modi arrived here on Sunday evening and boarded the home-built aircraft carrier off the coast of Goa.

While onboard INS Vikrant, the prime minister went to the Flightdeck, surrounded by MiG 29K fighter aircraft.

He witnessed the takeoff and landing of MiG 29 fighter jets on a short runway of the aircraft carrier, both during the day and in the dark night.

Modi also witnessed a vibrant cultural programme where the officers and sailors of the Indian Navy sang various patriotic songs, including a song specially written by them to commemorate the success of Indian Armed Forces in Operation Sindoor.

Modi had dinner with the extended family of naval personnel during the Bara Khana.

On Monday morning, Modi joined a Yoga Session on the deck of INS Vikrant and also witnessed a spectacular steampast of warships and flypast by aircraft.

The warships which took part in the steampast included INS Vikrant, INS Vikramaditya, INS Surat, INS Mormugao, INS Chennai, INS Imphal, INS Kolkata, INS Tushil, INS Tabar, INS Teg, INS Betwa, INS Deepak and INS Aditya.

The flypast included Chetak, with flag and naval ensign, MH 60 R, Seaking, Kamov 31, Dornier and P8I and MiG 29K.

"Last night spent onboard INS Vikrant is hard to put into words. I saw the immense energy and enthusiasm you all were filled with. When I saw you singing patriotic songs yesterday, and the way you described Operation Sindoor in your songs, no words can ever fully convey the experience that a jawan feels standing on a battlefield," Modi said.

"My Diwali has been special as it was spent amongst you," he said.

The prime minister has been celebrating Diwali with the armed forces since 2014. PTI SKU/ASK ZMN

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