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    Trump used to slam China. Here's why he's now rolling out the red carpet for Xi
    RBI orders removal of Maharashtra minister Babasaheb Patil, 7 others as directors of Latur DCC Bank
    LPG subsidy: Aadhaar biometric authentication mandatory for subsidised refills from Oct 1
    RBI orders removal of Maharashtra minister Babasaheb Patil, 7 others as directors of Latur DCC Bank
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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.
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.
OnEMI Technology Solutions Limited has approved a preferential issue of equity shares to identified investors, subject to shareholder and requisite regulatory and statutory approvals. The issuance is proposed under the Companies Act, 2013, the SEBI capital-issue and disclosure framework, other applicable SEBI regulations, and applicable law. Seventy-five per cent of the additional capital raised is proposed for infusion into its wholly owned subsidiary to support lending, technology, digital capabilities and product expansion, while the remaining twenty-five per cent is proposed for general corporate purposes.
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.
Alleged fraudulent availment, utilisation and passing on of inadmissible input tax credit involved invoices from purported suppliers found to be non-existent, non-functional, suspended or cancelled. Input tax credit was allegedly claimed without actual receipt of goods and passed on through invoices unsupported by corresponding supplies. Following investigation and recorded statements, the proprietor of an iron and steel trading firm was arrested under statutory arrest powers, while further investigation remains in progress.
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.
Direct tax collections grew through September 17, supported principally by increased advance tax payments from corporate and non-corporate taxpayers. Gross collections exceeded Rs 14.32 lakh crore, while net collections, after refunds, exceeded Rs 12.12 lakh crore. Corporate tax collections grew more strongly than non-corporate tax collections, and Securities Transactions Tax receipts recorded significant growth. The trend indicated broad-based tax buoyancy, supported by underlying economic activity, taxpayer confidence and business performance.
September 18, 2026
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Reusable consent-based KYC enables integrated onboarding, reporting, record updates and periodic re-verification for regulated financial institutions.
Central KYC-based onboarding enables regulated financial institutions to reuse a customer's existing verified identity record through the Central KYC Registry with customer consent. The integrated solution supports onboarding, KYC reporting, unsolicited notifications and re-KYC. It retrieves consented KYC records through CKYC APIs, uses facial matching or video-based customer identification for authentication, and applies AI-based duplicate detection. Reporting automates validation, image correction and real-time registry submission, while record updates and simplified periodic re-verification support the currency of institutional KYC information.
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.

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WELLFITXPLORE 2025 CONCLUDES WITH GREAT SUCCESS: ADVANCING THE 'HEALTHY MACAO BLUEPRINT' AND BUILDING A BENCHMARK PLATFORM FOR HEALTH AND WELLNESS IN THE ASIA–PACIFIC

November 25, 2025

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MACAO, Nov. 24, 2025 /PRNewswire/ -- From November 22 to 23, WellFitXplore 2025—the Asia-Pacific Health & Wellness Training Festival—was successfully held at MGM COTAI in Macao. Organized by CrossFit China and proudly sponsored by MGM, this regional flagship event embraced the theme "EMPOWER HEALTH • ENHANCE WELLNESS," leveraging an integrated model of Competition + Education + Industry. The event carried forward the momentum from the 15th National Games, aligned with Macao's "Healthy Macao Blueprint," and injected sustainable health-driven vitality into Macao's diversified economic development. UPGRADED FORMAT: WORLD CHAMPION PARTICIPATION AND A FOCUSED PUSH FOR SPORTS–HEALTH INTEGRATION As the festival entered its third edition, WellFitXplore 2025 once again elevated its scale and professionalism. The most notable highlight was the participation of eight-time CrossFit Games champion Tia‑Clair Toomey‑Orr. Throughout the two‑day agenda, Tia led an advanced elite‑athlete training camp, sharing cutting‑edge methodologies, and also served as commentator and technical advisor for the PowerXplore 2025 Competition—bringing world‑class insights directly to participants. Deeply inspired by the atmosphere on her first visit to China, Tia said meeting Chinese athletes and fitness enthusiasts face-to-face was truly invigorating. She encouraged everyone to stay true to their passion, remain dedicated to their pursuits, and share their enthusiasm for healthy living with a broader community. At the same time, WellFitXplore 2025 deeply aligned with the Health Bureau of the Macao SAR Government's "Healthy Macao Blueprint" and incorporated elements from the Sports Bureau of the Macao SAR Government's "Healthy Community" program. By integrating global best practices in health management, chronic disease prevention, functional fitness education, and competitive sports, the festival effectively advanced the concept of "Active Health" in Macao, laying valuable foundations for long‑term development within the health and wellness sector. INDUSTRY LINKAGE: CARRYING SPORTS MOMENTUM FORWARD AND STRENGTHENING GBA SYNERGY Following the successful conclusion of the 15th National Games, WellFitXplore 2025 captured the rising interest in sports across the region. Through its innovative model of Competition + Education + Industry, the festival contributed to Macao's "Sports + Tourism" integration and reinforced its role as a key hub connecting sports and health industries within the Greater Bay Area. In education, more than ten international multidisciplinary experts delivered in‑depth training sessions covering functional fitness, health management, sports rehabilitation, and chronic disease prevention. Through a blend of theory and hands‑on practice, participants gained updated professional knowledge, strengthening the industry's talent pipeline. WellFitXplore founder Kong Liang remarked: "The simultaneous presentation of CrossFit Level 1/2 certificate courses and cutting-edge content from top international instructors in a world-class venue like MGM signifies that we are jointly writing a new chapter in holistic health education." In competition, PowerXplore 2025 brought the event to its climax. Twenty elite athletes from around the world competed head‑to‑head, presenting extraordinary displays of strength, skill, and resilience. This not only delivered a world‑class spectator experience but also highlighted Macao's capabilities in hosting international sports events. Australian athlete Khan Porter, a course instructor and familiar face at the competition, shared: "The night I competed on MGM's rooftop last year remains vivid in my memory—the atmosphere was incredible! I'm delighted to witness elite athletes competing here once again." In industry development, with MGM's world‑class facilities and Macao's position as an international tourism hub, the festival offered participants deep professional exchanges as well as immersive cultural tourism experiences—further enhancing Macao's branding as a global sports and leisure destination and accelerating the integration and upgrading of GBA sports‑health industries. COMMUNITY IMPACT: BRINGING RESOURCES TO NEIGHBORHOODS AND ADVANCING A "HEALTH FOR ALL" VISION A major focus of WellFitXplore 2025 was extending health benefits to the community, in line with the Healthy Macao Blueprint's call to "strengthen community‑based health promotion." Alongside elite events and advanced education, the festival built an inclusive ecosystem that combines professional resources with public participation. A standout highlight was the continued expansion of the PowerXplore community division. More than 40 Macao residents of different ages and occupations participated in on‑site fitness challenges under the guidance of international athletes. This two‑way empowerment—professional athletes engaging with the public, and the public experiencing structured training—enabled "Active Health" to take root in real‑world practice. After the main event concluded, the festival's influence continued to extend into communities. On November 24, eight-time CrossFit Games champion Tia‑Clair Toomey‑Orr was invited to deliver practical sessions for MGM team members on foundational training, posture optimization, and pain management. By transforming advanced knowledge into accessible and actionable skills, the initiative enabled international‑level resources to benefit Macao's communities. In a media interview, Dr. Iwan Dietschi, Senior Vice President of Hospitality of MGM , stated: "As the premier sponsor, we are dedicated to providing top-tier resources to support education and events, creating unforgettable experiences for participants from around the world. Together with CrossFit, we are leveraging world-class training systems, multidisciplinary professional forums, and international competitions to establish Macau as a regional hub for health innovation." MGM has been a staunch supporter of the conference for three consecutive editions, continuously deepening its partnership. Through its sponsorship of multiple sports and wellness initiatives, MGM fully demonstrates its unwavering commitment and strategic vision for advancing Macau's health and wellness industry. From a professional gathering to a city-wide shared experience, WellFitXplore 2025 has demonstrated its international influence and delivered tangible health benefits to the local community through its integrated model of competition, education, and industry. With the successful conclusion of its third edition, the IP is steadily evolving into a signature Asia-Pacific health-education platform with global reach. With the continued support of MGM, the festival will further deepen industry collaboration across the Asia-Pacific region, strengthening Macao's position as a key nexus for global health innovation and contributing enduring "Macao strength" to the prosperity of the region's health and wellness sector. ABOUT MGM MGM is an abbreviation for MGM China Holdings Limited (HKEx: 2282) and is a leading developer, owner and operator of gaming and lodging resorts in Greater China. We are the holding company of MGM Grand Paradise, SA which holds one of the six gaming concessions to run casino games in Macau. MGM Grand Paradise, SA owns and operates MGM MACAU, the award-winning premium integrated resort located on the Macau Peninsula and MGM COTAI, a contemporary luxury integrated resort in Cotai. MGM MACAU is a Forbes Five-Star luxury integrated resort inspired by the arts with every element of the resort infused with creativity and style. MGM MACAU has approximately 600 guest rooms and suites and boasts a number of distinguishing features, including the architecturally stunning European-inspired Grande Praça, housed under a soaring glass ceiling. The POLY MGM MUSEUM spanning almost 2,000 square meters, is constructed in accordance with Chinese national standards for the exhibition of Grade-One cultural relics. MGM MACAU's world class facilities also include conference and event facilities, spa, and seven signature restaurants and bars to fulfill any gastronomic craving. Our property is conveniently located on the Macau Peninsula and is directly connected to the luxury retail shopping complex, One Central. Designed as the "jewelry box" of Cotai, MGM COTAI offers approximately 1,400 hotel rooms and suites, meeting space, high end spa, retail offerings, food and beverage outlets as well as the first international Mansion at MGM for the ultimate luxury experience. MGM has joined hands with renowned Chinese filmmaker Zhang Yimou to set up the "Macau 2049" residency in MGM Theater. The Spectacle at MGM COTAI becomes the record holder of the largest free-span gridshell glazed roof (self-supporting) on January 19, 2019, making it the first architectural and structural GUINNESS WORLD RECORDS™ title for Macau, China. MGM COTAI is being developed to drive greater product diversification and bring more advanced and innovative forms of entertainment to Macau as it grows as a global tourist destination. MGM COTAI is the only mega complex and hotel in Macau to gain three-star certification in both Green Building Design and Operation Label, as well as the first hotel in the Greater Bay Area and second in Greater China to receive the certifications. MGM China is majority owned by MGM Resorts International (NYSE: MGM) one of the world's leading global hospitality companies, operating a portfolio of destination resort brands including Bellagio, ARIA, MGM Grand, Mandalay Bay and Park MGM. For more information about MGM Resorts International, visit the Company's website at www.mgmresorts.com. ABOUT CROSSFIT® CrossFit® is the world's leading platform for improving health, well‑being, and athletic performance. Founded over 20 years ago, CrossFit has grown from a garage gym in Santa Cruz, California, into one of the most recognized strength and conditioning brands globally. Dedicated to fostering an inclusive and welcoming environment, CrossFit has impacted millions of people through training at more than 12,000 licensed affiliates across 158 countries. CrossFit, LLC also organizes the annual CrossFit Games season, beginning with the worldwide Open and culminating in the CrossFit Games finals, where top athletes compete for the title of Fittest on Earth®. (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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