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    China, US hold 'candid, in-depth' talks on tariffs, AI issues ahead of Xi-Trump meeting
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September 21, 2026
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Tariff sanctions and AI trade consultations examine reciprocal tariff reduction amid energy-purchase measures and objections to unilateral sanctions.
Expanded sanctions and tariff measures form the immediate trade-policy backdrop. The Lindsey O. Graham Sanctioning Russia and Iran Act of 2026 authorises expanded sanctions and tariffs targeting Russia and countries that buy its energy exports. China contests the application of tariffs to its purchases and opposes long-arm jurisdiction and unilateral sanctions asserted without a basis in international law or a UN Security Council mandate. Parallel negotiations contemplate a reciprocal tariff-reduction arrangement.
September 21, 2026
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Rupee appreciation in early trade reflects lower crude prices and stronger domestic equities despite dollar demand.
Rupee appreciation in early interbank trading saw the currency strengthen by 24 paise to 95.72 per US dollar. Lower Brent crude prices, gains in domestic equities and improved foreign fund sentiment supported the currency, while importer demand for dollars and broader US-dollar strength limited gains. Market commentary identified a broad near-term trading range, and foreign-exchange reserves declined because foreign-currency and gold reserves fell.
September 21, 2026
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Digital signature compatibility requires updated signing software for newly issued tokens, while functioning existing certificates remain usable until expiry.
Digital-signature users with tokens issued on or after 21 September 2026 must install emSigner v3.3, while users whose existing certificates and tokens function normally may retain their current version. Version 3.3 supports existing tokens and is required where signing fails or certificates cannot be selected despite correctly installed drivers. Certificates downloaded to FIPS 140-2 dongles on or before that date remain valid until expiry; later renewal or fresh issuance generally requires FIPS 140-3 dongles, subject to specified exceptions.
September 21, 2026
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Private capital mobilisation for development financing requires predictable investment conditions, credible projects, fiscal transparency, and strengthened State capital expenditure.
Development financing for Viksit Bharat is framed as a joint Union-State and private-sector task requiring higher savings and investment, fiscally resilient public finances, and mechanisms to mobilise private capital. Fiscal sustainability requires State-wise debt assessments and fuller disclosure of off-budget borrowings, guarantees, arrears and borrowings through State-owned entities. Public resources are expected to play a catalytic role in attracting private investment, supported by predictable rules, enforceable contracts, faster dispute resolution and stronger investment protections.
September 21, 2026
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PMLA-IBC interface examines challenges in harmonising insolvency resolution with money-laundering asset attachment, investigation, tracing and enforcement.
The PMLA-IBC interface addresses reconciliation of insolvency resolution with anti-money-laundering enforcement where corporate debtor assets are attached during resolution. Section 32A is central to this interaction, although harmonised implementation remains challenging. The framework also considers money-laundering stages, hawala transactions, financial investigation, asset tracing, and evolving judicial approaches to aligning insolvency objectives with enforcement measures.
September 21, 2026
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Evolving insolvency law relies on legislative amendments and regulatory mechanisms to respond effectively to changing market conditions.
Subordinate legislation and regulatory mechanisms are important tools for maintaining responsiveness within the insolvency framework. Regulations may be framed for provisions of the Code and for fulfilment of its purposes and objectives, enabling practical responses to emerging issues. The interaction between primary legislation, regulations and market developments supports continuing refinement of insolvency law in line with changing conditions.
September 20, 2026
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Tariff policy and trade truce reshape bilateral engagement as rare-earth leverage limits coercive economic measures.
United States-China trade relations are being conducted through continued tariff policy, prior export restrictions, and a trade truce after escalating tariffs did not achieve their intended effect of changing Chinese economic conduct. China's concentrated supply of rare-earth inputs used in electronics provided negotiating leverage and contributed to the trade armistice. Indications that Chinese goods are routed through third countries to lessen tariff exposure qualify the decline in the bilateral goods imbalance. Continued tariffs have not constrained China's manufacturing expansion or its access to export markets.
September 20, 2026
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Ten-year director tenure cap governs removal of ineligible cooperative bank board members after regulatory review.
RBI required Latur District Central Cooperative Bank to remove directors considered ineligible for exceeding the ten-year maximum tenure applicable to district central cooperative bank directors. The action invoked director ineligibility under the Banking Regulation Act. Following a complaint and a court-directed timeline for regulatory action, RBI sought responses from the concerned directors, seven of whom resigned. An issue was raised over whether the tenure cap could apply retrospectively to appointments made before its stated commencement and whether it was being applied uniformly.
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.
Free Trade Agreements are presented as mechanisms for expanding cross-border partnerships, market access for entrepreneurs, and career opportunities for young persons. Youth employment is also linked to the expansion of the startup ecosystem beyond major cities and to public-sector recruitment through Rozgar Melas. Newly selected candidates are to join central government ministries, departments and organisations. Public service is framed around citizen-centred administration and decisions supporting a developed and self-reliant India.
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.
Assist-Edge enables teams to describe intended processes in natural language and use AI to create, modify, and enhance executable workflows. Working with reusable AI agents and workflows, it supports discovery, customisation, deployment, and scaling of enterprise automation. For banking, financial services, and insurance operations, its use is positioned alongside security, governance, auditability, and control, supporting governed adoption of scalable AI capabilities and movement from isolated experimentation to enterprise-wide intelligent automation.
September 19, 2026
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Recurring token reward distributions connect eligible holdings, platform activity, and partner participation through hourly settlement cycles.
BC Engine permits eligible $BC holdings to participate in hourly settlement rounds distributing BCD rewards. Participants can monitor active balances, cumulative rewards, unclaimed BCD, and settlement history through the Engine interface. Settlement amounts vary with ecosystem activity, while the mechanism links platform activity, token utility, user participation, and commercial partners through repeated value distribution rather than one-time promotional incentives.
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.

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OPPI Annual Summit 2025 Highlights the 'Power of Partnership' in Driving India's Pharma Transformation

November 21, 2025

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The Summit highlights how collaboration, trust, and digital innovation are shaping India's evolution into a global pharma powerhouse committed to equitable access and patient-centric care. NEW DELHI, Nov. 20, 2025 /PRNewswire/ -- The Organisation of Pharmaceutical Producers of India (OPPI) organized its flagship Annual Summit today at Shangri-La Eros, New Delhi. The summit brought together a distinguished assembly of key Government officials, regulators, industry leaders, member organisations, academia, patient support groups, innovators and other key stakeholders. This year's summit, themed 'Power of Partnership', underscored the pivotal role of collaboration in propelling India's pharmaceutical sector toward global leadership by 2047. The theme celebrated the collective strength of alliances — between industry and government, science and technology, policy and practice — that enable breakthroughs in innovation, access, and quality healthcare. It emphasized that India's vision of transforming from the Pharmacy of the World to a Pharma Powerhouse to the World can only be realized through sustained partnerships grounded in trust, transparency, and shared purpose. Bhushan Akshikar, President – OPPI, President & Managing Director, GlaxoSmithKline Pharmaceuticals Limited, said: "The OPPI Annual Summit celebrates the spirit of collaboration and the transformative power of partnership, that continues to shape India's healthcare landscape. This platform serves as a reminder that the greatest breakthroughs in healthcare emerge when diverse minds unite behind a shared vision of advancing innovation and delivering quality care to every patient. Partnerships are not merely alliances; they are the catalysts that turn scientific discovery into meaningful impact. By combining the strengths of industry, government, academia, and the medical community, we can accelerate innovation, strengthen healthcare delivery, and create sustainable solutions that reach those who need them most. Together, we have the opportunity to reimagine healthcare — one that is data-driven, digitally enabled, and deeply human in its purpose. The power of partnership will define how effectively we translate today's ideas into tomorrow's healthier, more resilient India." Anil Matai, Director General, OPPI, said: "The OPPI Annual Summit stands as a celebration of collaboration and shared purpose — a forum that unites leaders, innovators, and changemakers across the healthcare ecosystem to shape a collective vision for India's healthcare future. The theme, Power of Partnership, reflects our belief that meaningful progress in innovation, access, and quality healthcare can only be achieved through collaboration grounded in trust, transparency, and a shared commitment to improving lives. By fostering collaboration between the public and private sectors, we can accelerate the development of cutting-edge therapies, ensure the timely availability of affordable medicines, and build robust systems that enhance patient outcomes. Partnerships also empower us to integrate digital health solutions, advance R&D capabilities, and drive the transition towards value-based care. As India moves toward the Viksit Bharat vision, our mission must be to harness the country's immense scientific talent, entrepreneurial energy, and digital potential to strengthen the healthcare infrastructure for generations to come. The journey to becoming a global healthcare powerhouse will be defined by how effectively we work together — breaking silos, aligning goals, and ensuring that innovation reaches every patient in need. At OPPI, we remain deeply committed to enabling these partnerships — partnerships that are not only about collaboration but about co-creation; not only about progress but about purpose. The strength of the alliances we build today will determine how successfully we can realize the vision of a healthier, self-reliant, and inclusive India — one where innovation thrives, access is equitable, and quality care is the right of every citizen." The summit also marked the launch of a landmark report, 'Fuelling Innovation, Advancing Equity: The Power of Partnerships and Digital-First Strategies Driving Indian Pharma's Global Dominance', developed in collaboration with EY Parthenon (EY-P). In addition, OPPI unveiled the 'Essays on Innovation' publication and a Coffee Table Book celebrating milestones in India's healthcare journey. The OPPI – EY-P report presents a comprehensive view of India's rapidly evolving pharmaceutical sector, emphasizing how collaboration and digital transformation are shaping its journey from being the 'Pharmacy of the World' to a global innovation powerhouse. The report highlights India's strengths in generics, growing innovation and IP capabilities, and its expanding footprint across biopharma, biotech, APIs, CDMOs, MedTech, and digital health. It underscores that strategic partnerships among government, industry, academia, startups, and civil society are vital to achieving healthcare equity at home while boosting global competitiveness. Through case studies and industry insights, it explores opportunities in R&D, clinical trials, supply chain resilience, AI-driven transformation, and healthcare access innovations, positioning India as a preferred global investment and innovation destination. Essays on Innovation, launched by OPPI at its Annual Summit, celebrates innovation as the cornerstone of progress — the bridge between imagination and impact that fuels economic growth, transforms societies, and paves the way for Viksit Bharat @2047. The publication brings together insights from 39 distinguished voices across India's healthcare and life sciences ecosystem — spanning industry, academia, policy, media, and patient groups — each sharing their vision of how innovation can drive India's journey from being the 'Pharmacy of the World' to becoming the Pharma Powerhouse of Innovation for the World. Marking sixty years of purposeful leadership, the OPPI Coffee Table Book chronicles its legacy of shaping policy, elevating standards, and building partnerships that transformed India's healthcare landscape. It captures defining milestones, campaigns, and collaborations that strengthened access, innovation, and patient-centric progress across the nation. The Annual Summit celebrated exceptional contributors and innovators in the healthcare sector with the prestigious OPPI Awards. Presented during the summit, these awards recognized excellence, innovation, and a steadfast commitment to enhancing healthcare in Bharat. The esteemed OPPI Awards for 2025 included: OPPI Lifetime Achievement Award 2025 Dr. D. Nageshwar Reddy, Founder and Chairman, Asian Institute of Gastroenterology & AIG Hospitals OPPI Scientist Awards 2025 Young Scientist of the Year Dr. Chinmoy Kumar Hazra, Associate Professor, Department of Chemistry, Indian Institute of Technology, Delhi Woman Scientist of the Year Prof. (Dr.) Sheffali Gulati, Faculty-in-charge, Child Neurology Division, Department of Pediatrics, All India Institute of Medical Sciences, New Delhi Scientist of the Year Dr. Malla Reddy Chilla, Professor, Department of Chemistry, Indian Institute of Technology, Hyderabad OPPI Excellence in Innovation Award for Healthcare Start-up of the Year 2025 Aarca Research India Pvt Ltd About OPPI The Organisation of Pharmaceutical Producers of India (OPPI) established in 1965, represents the research-based global pharmaceutical companies in India. OPPI has been an integral part of the healthcare journey of the country. We remain committed to supporting the nation's healthcare objectives, putting patients at the core of all decision making and collaborating with all stakeholders to find sustainable solutions to realize the collective vision of Health for All. Our member companies have been serving the country's healthcare ecosystem since pre-independence and continue to remain committed to patient safety and providing quality care in the future as well. As an association, our advocacy decisions, patient commitment and work are always keeping the country first and we embody the spirit of working for 'Bharat Ke Liye'; driven with innovation to find solutions for unmet medical needs, collaboration with Government stakeholders, and co-creation with partners coming together to address the nation's healthcare challenges. We are committed to the Hon'ble Prime Minister Shri Narendra Modi-ji's clarion call of 'Jai Vigyan and Jai Anusandhan'. Photo: https://mma.prnewswire.com/media/2828663/OPPI_Annual_Summit_2025.jpg' alt='Embedded Media' /> Logo: Embedded Media (Disclaimer: The above press release comes to you under an arrangement with PRNewswire and PTI takes no editorial responsibility for the same.). PTI

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