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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
Show AI Summary
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
Show AI Summary
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
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
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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
Show AI Summary
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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EXEED Co-Creation Workshop: Texxeract Technology Premieres, Three New Models Debut with the New Family Design Language

October 21, 2025

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WUHU, China, Oct. 20, 2025 /PRNewswire/ -- The Co-Creation Workshop: October 19, EXEED held its New Product Co-Creation Workshop under the theme "Shift to Tomorrow" at REBOX. The spot was the New Venue of the Old Shipyard 1900. The Workshop brought the global debut of its new family design language and the industry-leading Texxeract new energy technology. Texxeract Technology Launch: The newly launched Texxeract Energy Cube Technology supports PHEV, REEV, and BEV powertrains. It delivers outstanding performance in efficiency, safety, and performance, with multiple indicators reaching industry-leading or exclusive levels.

New Family Design Language and Vehicle Debut: EXEED unveiled its new family design philosophy "Perpetua" (meaning "eternal" and "continuous"). The three new models — ES GT, RX, and ES Sport — embody this philosophy through pure, fluid forms and sculpted light-and-shadow surfaces, expressing a unique sense of aesthetic elegance.

October 19, EXEED successfully hosted the Shift to Tomorrow New Product Co-Creation Workshop at REBOX, Old Shipyard 1900. As a strategic brand event, it showcased EXEED's green innovation achievements in an Eco-Exhibition, including the global premiere of Texxeract Energy Cube Technology covering PHEV, REEV, and BEV platforms. And also the debut of EXEED's new family design language, as well as the presentation of AiMOGA. Together, these highlights demonstrated EXEED's solid strength in technological R&D, design innovation, and intelligent interaction.

Texxeract Technology World Premiere As EXEED's exclusive new technology system, the newly launched Texxeract Energy Cube Technology focuses on advancing the brand's electrification. This will build an exceptional global NEV ecosystem for users worldwide. This technology redefines industry benchmarks across three core dimensions — efficiency, safety, and performance. Several key indicators for this technology rank among the industry leaders or are unique to it.

As for efficiency, Texxeract achieves breakthroughs in ultra-long range, ultra-fast charging, and ultra-low energy consumption. Pure EV models can complete a 20%–80% fast charge in just 10 minutes. Equipped with the IEC Intelligent Energy Management System, it maximizes energy utilization. For example, the ET REEV achieves the industry's highest fuel-to-electric conversion rate. It generates 3.7 kWh of electricity with 1 liter of fuel. And it could deliver a combined range of 1,180 km on a full charge and full tank. This is putting EXEED at the forefront of global energy efficiency management.

As for safety, Texxeract's safety technologies have been fully validated in existing models. The technology offers cutting-edge physical protection for the battery. Thus, reliable operation is ensured even under extreme conditions. It also enables the system to provide real-time connectivity-based monitoring for comprehensive safety. Models equipped with Texxeract — such as the EXEED ES and RX PHEV — have both achieved E-NCAP five-star safety ratings. Notably, EXEED ES became the first global model to pass China's six-dimensional electric safety certification, setting a new benchmark for NEV safety standards.

Performance remains Texxeract's core highlight. Equipped with the iVC Intelligent Vehicle Control System, vehicles deliver strong power, exceptional acceleration, and top-speed performance. The EXEED ES, for example, accelerates 0–100 km/h in just 3.7 seconds. It is also equipped with iATS, making EXEED the only premium NEV brand to feature such a system. This breaks through the traditional limits of new energy vehicles on complex road conditions.

As a next-generation intelligent electrification technology, Texxeract achieves extreme energy efficiency and delivers unparalleled dynamic performance. EXEED demonstrates its strong technological prowess in R&D with several core figures: its globally unique "Four-Power-Unit" Full-Time AWD System (the world's exclusive quad-motor AWD configuration) offering a maximum combined output of 470 kW, alongside an industry-leading 45.8% hybrid engine efficiency and 98.5% transmission efficiency with its DHT high-efficiency hybrid transmission system. The RX PHEV, powered by Texxeract, accelerates from 0 to100 km/h in 4.62 seconds and has a total range exceeding 1,300 km. In addition, the Workshop introduced the upcoming Texxeract 2.0 technology, which will be implemented on ES7, ET8, and ET9 models by the end of 2027.

Three New Models Embody the Family Design Language EXEED's Perpetua design philosophy (meaning eternal and unending) draws inspiration from the myth of Atlantis and the dynamics of ocean waves. Through pure, dynamic, and fluid body proportions, sculpted surfaces of light and shadow, and seamless form transitions, the design expresses a sense of timeless beauty and motion. At this Workshop, three new models that embody this philosophy made their debut: EXEED ES GT in Abyssal Jewel, featuring a floating bumper and aerodynamic C-pillar, exuding dynamic elegance. EXEED RX, presented in Starlight Ocean, features a digital grille and Starry Sky DRL, creating a commanding presence. The EXEED ES Sport Sedan enhances its sporty character with a revised bumper, air-guiding side skirts, and a large rear diffuser. All three models inherit the Stellar Concept design DNA, showcasing the distinctive charm of EXEED's new family design language.

Conclusion: The success of this Co-creation Workshop, together with the Eco-exhibition and the AiMOGA showcase, formed the core highlights of the EXEED International User Summit. These events offered a clear view of the brand's development roadmap and technological strength, and also deepened the ties with partners. Looking ahead, EXEED will take the Texxeract technology as its core technology and the new family design language as its aesthetic benchmark. EXEED will accelerate the global rollout of cutting-edge products such as the ES and ET series. These models will successively enter highly regulated markets, including Norway, Denmark, and Germany. They will mark substantial breakthroughs in the premium NEV segment and create greater value for global users.

(Disclaimer: The above press release comes to you under an arrangement with PRNewswire and PTI takes no editorial responsibility for the same.). PTI PWR

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