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September 19, 2026
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Biometric Aadhaar authentication becomes essential for domestic LPG consumers seeking regulated subsidised refill bookings, while market-price supply remains available.
Biometric Aadhaar authentication is required from October 1 for domestic LPG consumers to book subsidised refills at the regulated retail selling price. Authentication can be completed through delivery personnel, distributor showrooms or designated mobile applications. Consumers unwilling or unable to authenticate may obtain LPG at the applicable market price without subsidy after registering their choice through specified digital channels. The framework distinguishes subsidised LPG linked to Aadhaar-authenticated consumers from market-priced LPG and seeks targeted subsidy delivery, reduced leakage, and prevention of diversion, duplicate connections and ineligible access.
September 19, 2026
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Cooperative bank director tenure limits require disqualification and removal when service exceeds the statutory maximum period.
Directors of District Central Cooperative Banks and Central Cooperative Banks are subject to a maximum 10-year tenure under the Banking Regulation Act, 1949, as amended by the Banking Laws (Amendment) Act, 2025. RBI directed removal of a director ineligible to continue under section 10A(2A)(i), read with section 56, following concerns that directors of Latur District Central Cooperative Bank had exceeded the permitted tenure.
September 19, 2026
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Tariff treatment of Indian exports shifted from reciprocal duties to targeted trade measures, sectoral duties, and specified exemptions.
Upon expiry of the temporary global measure, an India-targeted 10 per cent Section 301 tariff, linked to forced-labour concerns, replaced it; the effective charge for most covered exports remained MFN duty plus 10 per cent. The current regime applies the Section 301 tariff to Indian exports except specified goods, with separate sectoral duties on steel, aluminium and auto components. Smartphones, medicines and energy products are exempt.
September 19, 2026
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PMLA-based FIR request over alleged consultancy payments remains under legal examination amid criticism of non-registration.
Enforcement Directorate sought registration of an FIR concerning alleged fraudulent payments by Cochin Minerals and Rutile Ltd to Exalogic Solutions, represented as IT consultancy fees. The request relied on evidence gathered through investigation and searches under the Prevention of Money Laundering Act. Registration remained under consideration after receipt of the Advocate General's legal opinion, with the Home Department examining the matter.
September 19, 2026
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Free trade agreements expand market access, entrepreneurial partnerships and youth career opportunities alongside public-sector recruitment and development participation.
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September 19, 2026
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AI governance for regulated financial services enables natural-language automation while preserving enterprise security, auditability, control, and scalable deployment.
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Recurring token reward distributions connect eligible holdings, platform activity, and partner participation through hourly settlement cycles.
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September 19, 2026
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Asset monetisation of surplus public land and buildings is accelerated through transparent, value-oriented processes and stakeholder coordination.
NLMC's Board recommended monetisation proposals involving surplus land and building assets valued at over Rs. 5,000 crore. Monetisation is facilitated through asset identification, due diligence, valuation and appropriate process structuring, with emphasis on transparency, efficiency and value realisation. Sustained coordination with asset-owning entities is intended to expedite implementation and support timely, commercially appropriate monetisation of underutilised public assets.
September 19, 2026
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Zero forex markup on credit cards applies automatically to international transactions without conditions while preserving applicable rewards.
Zero Forex Markup applies automatically to international transactions made through all existing and new credit cards, without a new-card application, upgrade, spending threshold or other stated condition. International card spends do not attract forex markup charges. Reward Points or Cashback, where applicable to the relevant card, continue on international transactions. Existing credit cards may be used for overseas and cross-border payments without requiring a separate forex card solely to avoid such charges.
September 18, 2026
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Foreign exchange reserve valuation reflects currency movements as foreign currency assets and gold holdings decline.
India's foreign exchange reserves declined to USD 780.782 billion for the week ended September 11, driven by reductions in foreign currency assets and gold holdings. Foreign currency assets fell to USD 645.796 billion, with their dollar value reflecting movements in reserve currencies against the US dollar. Gold reserves also declined, while Special Drawing Rights increased to USD 18.845 billion. The reserve position with the IMF stood at USD 4.916 billion.
September 18, 2026
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Bulk sugar stockholding limits now allow expanded inventories only where additional supplies derive from designated import channels.
Bulk sugar consumers using more than 10 tonnes monthly as a raw material may hold up to 30 days' requirement instead of 15 days. Holdings above 15 days must consist exclusively of sugar imported under the Tariff Rate Quota or Advance Authorisation Scheme; sugar obtained from the open market remains restricted to 15 days' consumption. Bulk consumers must declare and disclose their sugar inventories every Friday through the food ministry's online portal.
September 18, 2026
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Trade facilitation and digitalisation support regional economic cooperation through simpler customs procedures, paperless exchange, resilient supply chains, and MSME access.
Priority measures included expanded intra-SCO trade, lower trade costs, resilient and diversified supply chains, trusted multimodal connectivity, greater market access, simplified customs processes, paperless trade and electronic document exchange. Digital and cross-border payments and accessible trade finance were identified to enable MSMEs and start-ups to participate in trade and value chains. Ministers agreed an Action Plan for 2026-2030 for further approval and approved regulations for a special working group on creative-economy development.
September 18, 2026
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Customs cooperation and trade facilitation advance electronic origin verification, pre-arrival information exchange, and safeguards against preferential trade misuse.
Customs cooperation and trade facilitation measures included pre-arrival information exchange, electronic verification of Certificates of Origin, and Customs automation and digitalisation. These measures are directed at facilitating legitimate trade while ensuring compliance with applicable rules and preventing misuse of preferential trade arrangements. Rail and road connectivity, freight movement, Integrated Check Posts and land-port infrastructure were reviewed to improve infrastructure utilisation and address operational bottlenecks affecting bilateral and transit trade.
September 18, 2026
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Preferential equity issuance approved to strengthen capital, support digital lending expansion, and fund subsidiary operations subject to required approvals.
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September 18, 2026
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Fraudulent input tax credit claims through bogus invoices prompted arrest over alleged invoicing without actual supply of goods.
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September 18, 2026
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Direct tax collections: stronger advance tax payments support growth in corporate, non-corporate, and securities transaction tax receipts.
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September 18, 2026
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September 18, 2026
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Benchmark interest rate normalisation raises borrowing costs while monetary policy monitors inflation, wage growth, currency risks, and economic recovery.
The Bank of Japan increased the uncollateralised overnight call rate from 1.0 per cent to 1.25 per cent, advancing monetary-policy normalisation after a prolonged period of near-zero or negative rates. The increase was assessed against gradual economic recovery, inflation near its target, wage growth, currency fluctuations, elevated crude oil prices, and external risks. Further tightening remains contingent on stable price increases, wage developments, and monitoring of other risks.
September 18, 2026
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Direct tax collections reflect stronger advance tax payments, alongside increased corporate tax, securities transaction tax, and refund issuance.
Net direct-tax collections exceeded Rs 12.12 lakh crore through 17 September, reflecting 13 per cent growth following increased advance-tax receipts. Gross direct-tax collections exceeded Rs 14.32 lakh crore, while refunds exceeded Rs 2.20 lakh crore. Corporate-tax and non-corporate tax collections increased, as did Securities Transaction Tax collections. Advance-tax receipts exceeded Rs 5.22 lakh crore, comprising increased corporate advance tax and non-corporate advance tax payments.
September 18, 2026
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Upper-layer NBFC listing compliance sharpens corporate governance conflict over public accountability, shareholder liquidity, and preservation of private ownership.
Tata Sons' status as an upper-layer non-banking financial company has brought its proposed public listing into focus after the Reserve Bank of India rejected its application to voluntarily surrender core investment company registration. Tata Sons is required to take steps to comply with the enhanced regulatory framework applicable to upper-layer NBFCs, which includes stock-market listing. Classified in 2022, Tata Sons did not meet the original listing deadline and had pursued deregistration after repaying debt.

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Seismic Academy 2025 by Hilti India Convenes Experts to Chart India's Retrofit and Earthquake Resilience Roadmap

October 24, 2025

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New Delhi, Delhi, India – Business Wire India • The conference featured keynote sessions, technical talks, case studies, student competitions, and an expert-led panel discussion with leaders from academia, government, and industry.

• Since its inception in 2019, the Seismic Academy has engaged more than 2,500 stakeholders through workshops, training, and publications, influencing code updates, advancing retrofit techniques, and strengthening India’s earthquake resilience ecosystem.

Hilti India, through its flagship knowledge platform Seismic Academy, conducted the Annual Conference 2025 at the India Habitat Centre, New Delhi, under the theme “Building Retrofits – Breathing Life into Existing Structures.” The conference spotlighted the urgent need to retrofit India’s ageing infrastructure to enhance earthquake resilience and fostered collaboration among engineers, policymakers, academicians, and industry leaders.

The event offered participants a great opportunity to learn from global and national experts, gain insights on codal perspectives, explore real-world retrofit case studies on structural strengthening, and engage in solution-oriented dialogues. For the engineers, policymakers, researchers, and students in attendance, the sessions provided actionable frameworks and fresh perspectives ready for real-world application. By bringing together diverse stakeholders, the Academy reaffirmed its role as a catalyst for seismic resilience and knowledge exchange in India.

The 2025 Annual Conference featured an engaging line-up of sessions designed to provide holistic insights into seismic considerations and structural retrofitting. The event commenced with a keynote address by Dr. Shailesh Agrawal, Executive Director, BMTPC, MoHUA, Government of India, emphasizing the importance of building earthquake resilience and guiding disaster-resilient construction across India. This was followed by keynote lectures on global perspectives in seismic engineering, a technical session on the Framework of Seismic Standards in India by Prof. Pradeep Kumar Ramancharla, Director, CSIR-Central Building Research Institute and a talk on Risk Assessment & Retrofit of Towns by Dr. Ajay Chourasia of CSIR-CBRI. Practical case studies on structural strengthening were presented by Mr. Arunabho Bhattacharya and Dr. Rohit Yadav, while an inspiring student competition showcased the creativity and innovation of young engineers.

A high-powered panel discussion featuring leaders from CPWD, IIT Delhi, AECOM, and CCEPL explored pathways for scaling retrofits nationwide. The conference concluded with closing remarks from Hilti India’s leadership, underscoring the construction industry’s collective responsibility in advancing resilience and safety.

Mr. Jayant Kumar, General Manager & Managing Director, Hilti India, said, "Our commitment through the Seismic Academy has always been to make seismic safety not just a technical conversation, but a national priority. This year’s focus on retrofits reflects our belief that innovation must go beyond new construction to address the vulnerabilities of our existing infrastructure. By fostering cross-disciplinary collaboration, we’re equipping stakeholders with the knowledge, data, and strategies to turn seismic resilience from an aspiration into measurable impact. For Hilti India, this is about safeguarding lives and livelihoods while shaping the future of construction.” Since its inception in 2019, Hilti’s Seismic Academy has emerged as one of India’s leading knowledge platforms for earthquake engineering. Its initiatives spanning annual summits, technical journals, webinars, research collaborations, and capacity-building workshops, have engaged over 2,500 key stakeholders from government bodies, academia, and industry. This sustained effort has driven the adoption of updated seismic codes such as IS 1893-Part 6, advanced retrofitting techniques, and a growing culture of preparedness across India’s construction ecosystem.

Dr. Shailesh Agrawal, Executive Director, BMTPC, MoHUA, Government of India, said, “Platforms like the Seismic Academy are important in strengthening India’s earthquake resilience by deepening awareness, building technical capacity, and promoting the adoption of proven retrofit and safety practices. In a country with diverse geo-climatic conditions and high seismic risk, BMTPC’s Vulnerability Atlas of India provides critical guidance for disaster-resilient construction. I commend Hilti India for driving this important conversation and supporting initiatives that prioritize safety and preparedness nationwide.” Professor Vasant Matsagar, Advisory Board Member - Seismic Academy, and Dogra Chair and Head of the Civil and Environmental Engineering from Indian Institute of Technology (IIT) Delhi stated that, "As researchers, we strive for the cutting-edge seismic science and engineering, as well as the technologies developed in academia, translate to field realities, which can meaningfully influence the practice. What stood out at this conference was the genuine exchange between academicians and practitioners, creating pathways to translate advanced techniques such as performance-based design, damping technologies, and seismic base isolation into real-life projects. The Academy has become a unique platform where science, technology, codes/ standards, and field realities converge, accelerating the adoption of engineering solutions that can save invaluable lives and help make multi-hazard resilient communities.” Mr. Alok Bhowmick, Advisory Board Member - Seismic Academy and Managing Director - B&S Engineering Consultants said, “Retrofitting is not merely an engineering intervention - it is a social imperative. With regular upgradation of our seismic codes, the safety of our existing stock of structures are becoming questionable. Many of our critical buildings, especially hospitals, schools, and housing stock in seismic zones, cannot wait for replacement; they must be strengthened & retrofitted now. Country needs more and more competent engineers and it is high time that we have Engineers Act, with regulatory body ensuring competency for practicing engineers. The conference highlighted the urgent need to scale proven technologies and embed retrofitting guidelines into national housing and urban renewal programs. By mainstreaming these solutions, we can bridge the gap between policy intent and resilient ground realities.” Mr. Vinay Gupta, Advisory Board Member – Seismic Academy and Managing Director – Tandon Consultants Pvt Ltd said, “For an agency like CPWD, the biggest challenge is implementing seismic resilience at scales across a diverse portfolio of government assets. This forum has been invaluable in showcasing practical, cost-effective retrofit models that can be replicated nationwide. The conversations here give us actionable direction on integrating resilience into tendering, design approvals, and maintenance cycles assuring that seismic safety is not treated as a one-time measure, but as a lifecycle responsibility of infrastructure. He stressed upon the need of training not only the designers, also the construction engineers, foremen & labours in order for them to appreciate the need of this important aspect of seismic friendliness of structure.” The Academy’s impact is reflected in its research, published studies, and successful demonstration of technologies such as base isolation and damping systems in India and abroad. Its initiatives promote evidence-based decision-making that balances cost with safety, ensuring that critical infrastructure remains operational during earthquakes. Landmark projects such as the Mumbai Coastal Road and the post-Bhuj hospital retrofits exemplify the tangible outcomes of the Academy’s efforts to advance seismic resilience.

As India faces growing seismic risks, Hilti’s Seismic Academy continues to stand as a foremost platform for knowledge dissemination, innovation, and policy dialogue on earthquake safety. The 2025 conference reinforced the shared resolve of stakeholders to close gaps in code enforcement, technical competency, and public awareness. With sustained collaboration, the Academy remains dedicated to building a safer, stronger, and more resilient urban future for India.

About Hilti Group Hilti is a world-leading provider of high quality, innovative and specialized tools, fastening systems and software-based solutions for the professional user. With about 33,000 team members in over 120 countries, the company stands for direct customer relationships, quality and innovation. Hilti generated annual sales of more than CHF 6.4 billion in 2024. The headquarters of the Hilti Group have been in Schaan, Liechtenstein, since its founding in 1941. The company is privately owned by the Martin Hilti Family Trust, which ensures its long-term continuity. The Hilti Group’s purpose is Making Construction Better, based on a passionate and inclusive global team and a caring and performance-oriented culture.

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

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