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    DRI seizes around 21 kg foreign-origin gold worth Rs. 32 crore in crackdown on gold smuggling
    DRI seizes around 12 kg foreign-origin gold smuggled from Bangladesh worth Rs. 17 crore in a crackdown on cross border gold smuggling
    Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman inaugurates BRICS Heads of Tax Authorities Meeting in New Delhi
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September 24, 2026
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Cross-border gold smuggling enforcement resulted in Customs Act seizures after coordinated recovery of foreign-origin gold from border locations and a passenger.
Cross-border smuggling of foreign-origin gold through the Bangladesh route led to coordinated recoveries and seizures under the Customs Act, 1962. Gold recovered near the India-Bangladesh border was taken over for customs proceedings, including a seizure under Section 110. Foreign-origin gold concealed by a train passenger was also recovered and seized, with investigation indicating its smuggling from Bangladesh.
September 24, 2026
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BRICS tax cooperation creates standing platforms for international taxation, revenue statistics, professional capacity building and peer learning.
India-led BRICS tax cooperation established standing Working Groups on International Taxation and Transfer Pricing and Revenue Statistics, providing institutional platforms extending beyond individual Chairships. It also institutionalised an annual Young Tax Professionals Capacity Building Programme, launched the BRICS Tax Cross-Learning Lab for peer learning on client-centric administration and human-resources practices, and approved the Terms of Reference for the BRICS Tax Support Network.
September 24, 2026
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Restricted firecracker imports concealed through misdeclaration trigger seizure and criminal investigation under customs enforcement law.
Concealment of restricted firecrackers within an import container declared as bottles and wallpaper resulted in customs seizure under the Customs Act, 1962. Firecracker imports are restricted under the Foreign Trade Policy and require valid Directorate General of Foreign Trade authorisation and a Petroleum and Explosives Safety Organisation licence under the Explosives Rules, 2008. Investigation into attempted clandestine clearance led to the arrest under the Customs Act of a key syndicate member alleged to have orchestrated the import.
September 24, 2026
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Merger-control approval permits FIHM's phased acquisition of IIFL Capital Services equity through subscription, open offer and promoter purchase.
Merger-control approval permits FIHM to acquire certain additional equity share capital of IIFL Capital Services through a preferential issue on a private-placement basis and through shares tendered in a mandatory open offer. FIHM may also buy shares from the target's promoters if its aggregate shareholding with HWIC remains below the Target Shareholding after these steps.
September 24, 2026
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Full ownership acquisition in beauty and personal care receives competition approval for skin care and hair care operations.
Competition approval covers L'Ore al India Private Limited's acquisition of the entire shareholding in Onesto Labs Private Limited. The proposed combination concerns India's beauty and personal care sector and places the Target under the Acquirer's full ownership. Both entities operate in beauty and personal care products, including skin care and hair care.
September 23, 2026
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Advance disbursement of central government pay addresses anticipated banking disruption, with subsequent adjustment against the following month's entitlements.
Advance disbursement of September 2026 salary, wages and pensions is authorised on 25 September for central government employees, industrial employees and pensioners because of the proposed bank strike. Payments constitute advance payments and must be adjusted after full monthly entitlements are determined, with any adjustment made from October salary or wages. End-of-month banking transactions should, where feasible, be processed in advance.
September 23, 2026
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Commercial vehicle after-sales support expands authorised repairs, genuine spares, roadside assistance, and uptime for remote high-altitude fleet operations.
Commercial vehicle after-sales support is expanded through a BharatBenz 3S facility operated by PPS Trucking for remote high-altitude fleet operations. The facility provides sales, authorised service, genuine spare parts, diagnostic systems, repair tools and round-the-clock roadside assistance. Trained technicians, service bays and regional spare-parts inventory are intended to reduce repair turnaround times and vehicle downtime. The support network serves commercial vehicles engaged in stone-crushing, road construction, communication-infrastructure transport and other heavy-duty operations in difficult terrain.
September 23, 2026
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Redeem-code eligibility limits govern BGMI's final Golden Miramar Pan reward drop through the official redemption portal.
BGMI's final redeem-code series offers limited-time Golden Miramar - Pan rewards through general redeem codes valid only until September 25 on the official redemption website. Redemption requires a Character ID, valid code, Captcha verification, and submission through the redeem centre. Each code is limited to 10 users on a first-come, first-served basis; users may redeem one code daily, and each code is usable once per account. Guest accounts are excluded, and in-game mail rewards must be claimed within 30 days.
September 23, 2026
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Aadhaar-based biometric attendance requires employee registration, integrates leave records, and triggers automated pay deductions for unauthorised absences.
Aadhaar Enabled Biometric Attendance System (AEBAS) is mandatory for regular and temporary government employees and integrates attendance and leave data with PRANALI. Monthly reports are verified to identify authorised leave and net absence. Remaining unauthorised absence may result in digitally issued extraordinary-leave or leave-without-pay orders, personnel-record updates, and automated salary deductions. Temporary employees' failure to record attendance is treated as leave without pay.
September 23, 2026
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Initial public offering by Swastika Infra combines a fresh issue and offer for sale, subject to approvals.
Swastika Infra Limited proposes an initial public offering comprising a fresh issue of equity shares and an offer for sale, with proposed listings on BSE Limited and National Stock Exchange of India Limited. The allocation framework covers qualified institutional buyers, anchor investors, non-institutional investors and retail individual investors. Net fresh-issue proceeds are intended for incremental working-capital requirements and general corporate purposes. Completion remains subject to statutory and regulatory requirements, approvals, market conditions and other considerations.
September 23, 2026
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Monetary policy tightening may follow resilient growth as inflation, conflict risks, and weather pressures reshape economic projections.
FY27 GDP growth projections were raised to a range of 6.9%-7.1% on stronger June-quarter activity, resilient demand, investment, consumption, exports, capital inflows and limited supply disruptions. Growth may moderate as energy costs reduce purchasing power, activity slows and weather risks persist. Policy-rate tightening is projected as an inflation response, with forecasts of a 25-basis-point increase and temporary rate rises to offset price pressures.
September 23, 2026
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Fisheries subsidy disciplines require transparent reporting, domestic monitoring, and coordinated implementation to address harmful subsidies and IUU fishing.
Fisheries subsidy disciplines target support linked to illegal, unreported and unregulated fishing, fishing of overfished stocks subject to rebuilding conditions, and fishing on the unregulated high seas. Members accepting the Agreement must implement and administer these disciplines and comply with notification and transparency obligations. Effective implementation depends on reliable fisheries data, monitoring and reporting systems, vessel registration, inter-agency coordination and technical capacity.
September 23, 2026
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Essential banking service continuity requires Sunday operations by public sector and regional rural banks during the proposed strike.
Public Sector Banks and Regional Rural Banks will function normally on Sunday, 27 September 2026, to prevent an extended interruption to public banking needs during the proposed nationwide strike. Reserve Bank approval covers full operation of branches, offices, ATM-link branches and Currency Chests, alongside measures intended to maintain uninterrupted essential banking services.
September 23, 2026
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Money laundering allegations in public recruitment describe CSR-linked payments, examination manipulation, and candidate payments treated as proceeds of crime.
Money-laundering allegations concerning state public-service examinations identify two alleged streams of proceeds of crime: corporate social responsibility funding allegedly routed to an institution controlled by the former commission chairman in return for favouring selected candidates, and money allegedly collected from candidates and families for advance access to examination papers and secured selection. The alleged CSR payment was projected as legitimate institutional funding, while candidate-related collections were allegedly possessed, used, transferred, or projected as legitimate transactions.
September 23, 2026
Show AI Summary
Banking service continuity measures require public sector and regional rural banks to operate on Sunday during the proposed strike.
Banking-service contingency arrangements require Public Sector Banks and Regional Rural Banks to operate normally on Sunday, 27 September 2026, ahead of a proposed three-day bank strike. Reserve Bank approval permits bank branches, offices, ATM-linked branches and currency chests to remain fully operational. Customers are advised to use mobile banking, ATMs, internet banking, BC Points and UPI if the strike occurs, and to complete essential transactions in advance.
September 23, 2026
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Inflation-driven monetary tightening may accompany strong growth as demand, price increases and adverse supply conditions shape rate expectations.
Inflationary pressures, robust demand, price rises and adverse supply developments are expected to lead to policy-rate tightening by RBI. Fitch anticipates a 25-basis-point rate rise in October, further tightening in early 2027, followed by easing in 2028. Growth projections were upgraded following stronger-than-expected June-quarter activity, but activity is expected to moderate as the effects of GST rationalisation and income-tax cuts recede, manufacturing and services slow, and below-normal monsoon conditions affect activity.
September 23, 2026
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GDP growth forecast rises as domestic demand, investment, and public capital spending sustain economic resilience amid external risks.
India's GDP growth forecast for the current fiscal year is raised to 7 per cent, supported by investment demand, resilient consumption, manufacturing and services activity, lower-than-expected supply disruptions, and sustained capital inflows. Domestic demand, infrastructure expenditure, regulatory reforms, and improving private investment are expected to support growth. Inflation is projected to remain within the central bank's target range, subject to risks from geopolitical uncertainty, commodity prices, and weather-related disruption. Fiscal management is supported by public capital expenditure and robust direct-tax revenue.
September 23, 2026
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Primary and secondary investment funds ammunition manufacturing expansion, increasing small-caliber capacity and establishing medium-caliber production.
Hughes Precision Manufacturing Pvt. Ltd. completed a Rs. 250+ crore investment round through primary and secondary investments. The capital will expand small-caliber ammunition capacity from approximately 80 million to 220 million rounds and establish a dedicated medium-caliber ammunition manufacturing facility. The expansion broadens its product portfolio and is supported by an order book exceeding Rs. 1,000 crore, including domestic defence and export orders scheduled for execution over approximately two years.

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Stung by 'sting operation' by ally Sena's MLA, Maharashtra BJP says keen to save tie-up till Dec 2

November 27, 2025

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Mumbai, Nov 27 (PTI) After Shiv Sena MLA Nilesh Rane alleged voter bribery attempts by ally BJP, the Maharashtra chief of the national party said on Thursday he was keen to save alliance with the regional outfit till December 2 when voting will take place for civic councils and nagar panchayats.

Amid growing tension between the two saffron allies, constituents of the ruling Mahayuti, state BJP president Ravindra Chavan said he will respond to Sena MLA Nilesh Rane's allegations of cash distribution to voters later and insisted on saving the alliance till the first phase of local body polls.

In a social media post on X on Thursday night, Nilesh Rane said, "Nearly 24 hours have passed, yet neither the police nor the Election Commission has taken any position on yesterday's Malvan incident. Not even an FIR has been registered." "Meanwhile, the concerned accused are claiming the money found in the garden belonged to their business. If that was truly business money, they should have immediately explained where it came from. The name of the person involved and details of the transaction should have been disclosed on the spot," the Sena MLA said.

"They will now have to provide clarifications on income tax entry, GST number and all related matters. Simply saying the money was from business will not suffice. They will have to produce evidence," Rane maintained.

Chavan, who is touring the state for the upcoming civic polls, avoided responding directly to Nilesh Rane's accusations. The Sena MLA alleged on Wednesday that Chavan visited Sindhudurg district, home turf of Nilesh Rane, a few days ago and facilitated the distribution of cash to influence voters ahead of the December 2 elections.

The Kankavali Municipal Council and Malvan Nagar Panchayat in Sindhudurg district are among local bodies going to polls in the first phase. Nilesh Rane (Sena) and his brother and minister Nitesh (BJP) are on the opposite camps in the council polls.

On Wednesday evening, Nilesh Rane claimed to have conducted a "sting operation" by entering the residence of a local BJP worker in Kankavali town, accusing him of stockpiling cash-filled bags for voter inducement. The Sena legislator shared videos of the alleged incident on social media and approached the local police station on Thursday, seeking the registration of an FIR.

When asked about the allegations, Chavan remarked, "I want to save the alliance till December 2. I will respond to the allegations later." In a late-night statement on Wednesday, he claimed the Opposition camp was feeling unsettled.

"The sand under their feet is slipping, which is why they are getting nervous. The Opposition (Nilesh Rane) has filed a case against our candidate, alleging issues with her caste certificate," Chavan said.

The matter has become more tangled, given the political history between the two families. A few years ago, Nilesh Rane announced his retirement from politics, prompting then Deputy Chief Minister Devendra Fadnavis to send Chavan, his trusted aide and PWD minister, to pacify him.

While Nilesh won as a Shiv Sena MLA last year, his younger brother Nitesh, a BJP MLA, was inducted into the state cabinet after the BJP-Shiv Sena-NCP alliance secured a strong mandate in the November 2024 assembly elections.

Asked about Chavan's remarks on the alliance, Shiv Sena's Lok Sabha MP Shrikant Shinde, son of Deputy Chief Minister and party head Eknath Shinde, said, "I do not know what exactly he said. You better ask him whether he wishes to continue the alliance or not." Chavan, also an MLA, represents Thane district's Dombivli assembly constituency, part of Kalyan Lok Sabha seat from where Shrikant Shinde has been elected since 2014.

Meanwhile, Revenue Minister Chandrashekhar Bawankule on Thursday said he supported strict legal action if wrongdoing was detected, but questioned Nilesh Rane's decision to enter his house and carry out a 'sting operation'.

State minister and BJP leader Nitesh Rane also rejected his elder brother's allegations, arguing many political workers had legitimate business income and keeping cash at home should not be construed otherwise.

Nilesh Rane had claimed bags of cash meant for voter distribution were found at the home of BJP worker Vijay Kenawadekar in Kankavali.

Kenawadekar told reporters on Thursday that he was being targeted because he was close to Ravindra Chavan, adding that he can explain the source of money.

The allegations, denied by the BJP, have added to the simmering tension between the saffron allies. The Sena MLA's father Narayan Rane and his brother Nitesh are with the BJP.

Speaking to reporters on Thursday, Bawankule said, "One also needs to ask whether it is appropriate to directly enter someone's residence, go to that person's bedroom and then claim it is part of a sting operation. Going into someone's bedroom is bit inappropriate." "The priority is to determine whether the money was connected to business activity, property transactions or something else. The Election Commission and police will conduct inquiries. If wrongdoing is found, there will be appropriate legal action," Bawankule said.

Nitesh Rane said many political workers operated businesses such as crushers and hotels. "No one should defame the BJP because cash was found at a worker's residence. I do not see any issue with our worker having cash at home," he said.

Following the incident, election officials and police visited the residence of Kenawadekar.

Elections to 246 municipal councils and 42 nagar panchayats are scheduled for December 2. PTI ND GK RSY BNM

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