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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
    DRI seizes over 125,000 kg foreign-origin smuggled areca nuts and 41,000 kg poppy seeds worth around Rs. 20.31 crore in Assam and Mizoram in a crackdo...
    Envision Energy Secures TÜV SÜD Certificate for Wind Farm Control System, Strengthening Long-Term Resilience for Future Energy Systems
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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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Scientists use AI to Learn the Intricate Language of Biomolecules

November 4, 2025

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Glasgow, United Kingdom (NewsVoir) Scientists at the University of Glasgow have harnessed a powerful supercomputer, normally used by astronomers and physicists to study the universe, to develop a new machine learning model which can help translate the language of proteins. In a new study, published in Nature Communications, the cross-disciplinary team developed a large language model (LLM), called PLM-Interact, to better understand protein interactions, and even predict which mutations will impact how these crucial molecules ‘talk’ to one another. Early tests of PLM-interact, a protein language model (PLM), show that it outperforms competing models in understanding and predicting how proteins interact with one another. The team’s research demonstrates PLM-interact could help us better understand key areas of medical science, including the development of diseases such as cancer and virus infection. The research team – led by Dr Ke Yuan from the University’s School of Cancer Sciences and the Cancer Research UK Scotland Institute, Prof Craig Macdonald from the School of Computing Science and Prof David L Robertson, from the MRC-University of Glasgow Centre for Virus Research (CVR) – are developing these types of AI model to add much-needed detail on how diseases arise. PLM-interact could also provide new insight into how viruses interact with their host species. In the future, it is possible this approach could even be used to predict a virus’s pandemic potential and identify new drug targets. Proteins are the main structural components of all cells and viruses and play a key role in biological processes by interacting with other proteins. Disruption of these protein-to-protein interactions (PPIs) is often linked with disease formation, including cancers and genetic diseases. Additionally, protein-to-protein interactions play an important role in viral infections, with viruses relying on the proteins in our cells to help them replicate and continue the infection process. A better understanding of protein interactions would offer scientists vital new insights into disease and infections, potentially paving the way for the development of new therapies or vaccines. However, currently identifying protein-to-protein interactions experimentally can be both costly and time-consuming, and new ways to speed up the learning process are required. PLM-interact was first ‘trained’ on more than 421,000 human protein pairs and their interactions with data-processing support from the UK’s DiRAC High Performance Super Computer facility. Specifically, Tursa, originally developed to help theoretical physicists simulate aspects of the workings of the universe, provided the team with access to a highly optimised GPU cluster that helped them more quickly build and fine-tune the model, which involves more than 650 million individual parameters. Dr Ke Yuan, one of the paper’s corresponding authors, said, “It’s great to think that DiRAC, which was developed to help scientists understand the laws of nature from the smallest subatomic particles to the largest scales in the Universe, has helped us build this new model to explore the inner space of protein interactions instead.” “Colleagues from our School of Computing Science provided support with the language modelling aspects of creating PLM-interact, but in order to train the model itself, we needed access to vast amounts of computing power. Working with DiRAC to tap into their GPU computing resources, as well as their training, technical support and software engineering resources, helped us do that much more quickly and effectively.” PLM-interact can predict protein interactions with between 16% and 28% more accuracy than other state-of-the art AI protein models. In addition, PLM-interact was able to accurately predict five key protein interactions that govern essential biological functions including RNA polymerisation and protein transportation. Notably other protein AI tools, including the Google DeepMind-powered AlphaFold3, were only able to predict one of the five protein-to-protein interactions. Researchers were also able to show that PLM-interact could accurately identify the impact of mutations on protein interactions, both for mutations that cause negative consequences (including genetic diseases) and for mutations that inhibit essential protein-protein interactions, causing diseases such as cancers. The research team also trained PLM-interact with a further 22,383 protein-to-protein interactions, this time from 5,882 human and 996 virus proteins. Once again PLM-interact outperformed existing protein models in its ability to predict how human and virus proteins interacted, demonstrating the model’s power as an accurate virus prediction tool. Prof David L Robertson, head of CVR Bioinformatics at the University of Glasgow, is the paper’s other corresponding author. He said: “The urgency to understand virus-host interactions during COVID-19 pandemic is a good illustration of why a tool like PLM-interact could be invaluable in the future. Being able to quickly and accurately gain insight into how viruses interact with our proteins could help us better understand virus emergence and disease risks, which in turn can help speed up the development of new treatments and therapies.” “Our results are a very promising contribution to developing a system capable of predicting protein interactions at an unprecedented scale and level of accuracy. This is Dan Liu’s, the paper’s first author, PhD work and is a remarkably strong platform to build on for the future. We’re already looking at expanding our team to help us explore the full potential of PLM-interact for a wide range of applications in the future.” The study, ‘PLM-interact: extending protein language models to predict protein-protein interactions’ is published in Nature Communications. The work was funded by European Union’s Horizon 2020 research and innovation 562 program, the Medical Research Council with support from Cancer Research UK, Prostate Cancer UK and the Biotechnology and Biological Sciences Research Council. Notes This work used the DiRAC Extreme Scaling service (Tursa, https://www.epcc.ed.ac.uk/hpc-services/dirac-tursa-gpu) at the University of Edinburgh, managed by the Edinburgh Parallel Computing Centre on behalf of the STFC DiRAC HPC Facility. Tursa is composed of 178 GPU nodes, each of which has 4xA100 GPUs for a total of 712 GPUs. A 200 Gb/s HDR Infiniband non-blocking interconnect supports running jobs very efficiently across multiple nodes, with 4x 200 Gb/s interfaces being available on each node. As it is GPU-based, Tursa is extremely energy efficient, delivering approximately 5 times more scientific throughput using only half the power when compared to its predecessor. This energy efficiency is increased further by the direct liquid cooling of all compute nodes. Tursa is supported by storage including a 5PB lustre fast file system and a large tape backup and archive service.The DiRAC service at Edinburgh was funded by BEIS, UKRI and STFC capital funding and STFC operations grants. DiRAC is part of the UKRI Digital Research Infrastructure. About the University of Glasgow The University of Glasgow has been changing the world since 1451. It is placed 76th in the QS World University Rankings 2024 and is a member of the prestigious Russell Group of leading UK research universities. Its people have always been at the forefront of innovation, including eight Nobel Laureates, two UK Prime Ministers, three First Ministers of Scotland, 10 Fellows of the Royal Society and 11 Fellows of the British Academy. It is committed to tackling the most pressing global challenges facing humanity and the natural world. It is delivering against the United Nation’s 17 Sustainable Development Goals (SDGs) and has pledged to be carbon neutral by 2030. It is the first European university to declare it would divest from fossil fuels by 2024 and the first in Scotland to declare a climate emergency. For more details, please visit: https://www.gla.ac.uk (Disclaimer: The above press release comes to you under an arrangement with Newsvoir and PTI takes no editorial responsibility for the same.). PTI

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