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    IICA’s Meet the Legend Programme Explores ‘PMLA–IBC Interface’
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    Trump used to slam China. Here's why he's now rolling out the red carpet for Xi
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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.

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Xtep-Athletes Sweep Full Marathon Podiums at Techcombank Ho Chi Minh City International Marathon

December 9, 2025

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A Medal Haul: Xtep Athletes Secure 6 Golds, 2 Silver, 2 Bronzes HO CHI MINH CITY, Vietnam, Dec. 9, 2025 /PRNewswire/ -- Attracting 23,000 runners globally, the 8th Edition of the Techcombank Ho Chi Minh City International Marathon successfully launched on December 7. After an intense competition, Xtep-sponsored elite athletes delivered a dominant performance. In the men's full marathon, Ethiopian international elites swept the podium: Ayalew Seleshi Simaneh claimed victory with an impressive time of 02:23:12, followed by Wondale Melsew Baye (02:23:23) and Kebede Leta Girma (02:23:32). In the women's race, Xtep's local brand ambassador Phạm Thị Hồng Lệ secured first place with 02:48:07, while Ethiopian athletes Mohamed Yenework Husen (02:48:45) and Zega Mestu Sirabzu (02:50:52) took second and fourth places respectively. Additionally, Vietnamese runner Bá Văn Hân, representing the local Xtep team, achieved third place in the men's category with 02:33:01. As a long-standing and committed partner of the event, technical footwear and apparel brand Xtep marked its 4th consecutive year as the Exclusive Apparel Sponsor, further underscoring the brand's professional spirit and enduring dedication to high-performance running and athlete-focused innovation. Ho Chi Minh City is rapidly emerging as a leading running hub in Southeast Asia. According to data from the event organizers, registrations for this year's race increased by approximately 28% compared with last year, continuing a multi-year trend of strong growth. This momentum reflects the city's improving running environment and its increasingly dynamic sports culture. Mr. Le Truong Hien Hoa, Deputy Director of the Ho Chi Minh City Department of Tourism, highlighted the event's broader significance, stating, "This is one of the city's most distinctive sports-tourism events, attracting international visitors while inspiring and uniting the community." Echoing this view, Mr. Nguyen Nam Nhan, Deputy Director of the Ho Chi Minh City Department of Culture and Sports, added, "The race also helps position Ho Chi Minh City as an attractive international destination for regional sporting events. Moving forward, we remain committed to supporting the growth of the marathon, so it becomes one of the region's leading community marathons, contributing meaningfully to the city's sustainable development and international reputation." Ho Chi Minh City has been systematically accelerating the development of urban green spaces and public areas to provide better conditions for residents and running enthusiasts. These initiatives are translating into consistently rising public enthusiasm and participation across the community. At the pre-race Marathon Expo which opened on December 5, Xtep's lineup of high-performance running products drew significant attention from participants. Ms. Đào Thị Thu Hương, Deputy General Director of Xtep Vietnam, highlighted the philosophy behind these innovations at the race opening ceremony: "Guided by our mission to become a top global sports brand that blends performance with style, Xtep is committed to continuous innovation. We are dedicated to providing athletes with the best possible equipment, empowering them to perform at their peak." This commitment was on full display with products like the championship-caliber 160X 7.0, designed to help runners feel comfortable, confident, and at ease on every stretch of the course. The brand's professional proposition was further evidenced through its sponsorship of elite athletes, backing a local team of 6 and an international team of 6 competitors. This strategic blend of top-tier international talent and dedicated local runners does more than secure victories; it actively elevates the competitive landscape for all participants, setting a new benchmark for the event and accelerating its journey toward becoming a world-class race. Furthermore, Xtep's running club, X-Run, demonstrated its strength, with many of its members achieving outstanding results across various race distances and leaving a remarkable impression. These achievements not only highlight the individual prowess of the runners but also reflect the effective support system and community that Xtep has cultivated. Building on this successful track record of empowering runners, Xtep is committed to further deepening its engagement with the running community in Vietnam. Looking ahead, Xtep is committed to deepening its support for the runners of the Ho Chi Minh City Marathon. This commitment will be realized through continuous product innovation, including introducing advanced footwear like the 160X series adapted to local conditions, and through community initiatives such as organizing running clinics and training workshops. These multifaceted efforts embody Xtep's core philosophy of "Influencing the Masses through Professionalism"—aiming to elevate the running experience for athletes at all levels, promote a scientific approach to the sport, and contribute to a lasting, vibrant running culture in Vietnam. About XTEP XTEP Group, one of the leading sports brands in China, was founded in 1987 and officially established as the brand XTEP in 2001. The Group was listed on the Hong Kong Stock Exchange on June 3, 2008 (01368.hk). In 2019, the Group launched its global strategy, incorporating Saucony, Merrell, K•SWISS, and Palladium to become a leading international sports group with multiple sports brands. For more about XTEP, please visit https://www.globalxtep.com/ (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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