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    USIBC bats for early conclusion of India-US trade deal
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    Centre to borrow Rs 7.86 lakh cr in Oct-Mar, FY27 borrowing slashed by Rs 1.2 lakh cr
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September 25, 2026
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Interest-free working capital assistance for FCV tobacco growers supports liquidity, institutional loan repayment, crop inputs, and reduced private borrowing.
A one-time, interest-free working-capital loan of Rs. 50,000 per barn is approved for FCV tobacco growers in Andhra Pradesh under the Interest-Free Working Capital Assistance Scheme. Covering about 44,000 growers, the assistance is proposed to be delivered through direct benefit transfer. It is intended to provide liquidity for household requirements, institutional loan repayment and crop inputs, while reducing dependence on private borrowing.
September 25, 2026
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Government securities auction calendar establishes retail bidding access, flexible issuance terms, greenshoe subscriptions, and periodic debt switch operations.
Each auction carries a non-competitive bidding facility, under which five per cent of the notified amount is reserved for specified retail investors. The Government may modify indicated amounts, issuance periods and maturities, and may issue instruments with non-standard maturities, floating-rate bonds or inflation-indexed bonds, having regard to governmental requirements, market conditions and other relevant factors. It may retain additional subscriptions through a greenshoe option and conduct switch or buyback auctions of dated securities.
September 25, 2026
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Market borrowing plan sets dated securities auctions, Treasury Bill issuance, redemption management, and temporary cash-flow support.
Government market borrowing for the second half of FY 2026-27 is to be raised through weekly auctions of dated securities, including Sovereign Green Bonds, across maturities from 3 to 50 years. Debt-management measures include switching and buyback operations to smooth the redemption profile and a greenshoe option for additional subscriptions. Treasury Bills are to be issued through weekly auctions in 91-day, 182-day and 364-day maturities. The Ways and Means Advances limit is fixed to address temporary mismatches in government accounts.
September 25, 2026
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GI-tagged agricultural exports expand farmer access to international markets through FPO-led value chains and higher price realisation.
APEDA facilitated the export of a one-metric-tonne consignment of GI-tagged Gulbarga Tur Dal from Karnataka to the Maldives through an FPO-led brand. Gulbarga Tur Dal has held GI registration since 2019. The export-linked channel provides farmers a realisation of Rs.82 per kg compared with a prevailing market price of Rs.60 per kg, while supporting closer integration of FPOs and farmers into export-oriented supply chains.
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.

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Breakthrough Innovators Honoured at 2025 Tata Transformation Prize Ceremony in Mumbai

December 9, 2025

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Mumbai, India – December 9, 2025: The Tata Group and The New York Academy of Sciences gathered at the historic Taj Mahal Palace in Mumbai on Friday, December 5, to celebrate the 2025 Tata Transformation Prize Winners with an inspiring ceremony and dinner. Launched in 2023, the Tata Transformation Prize identifies and supports visionary scientists in India who are developing breakthrough technologies that address India’s most significant societal challenges in Food Security, Sustainability, and Healthcare. The 2025 Tata Transformation Prize Winners, selected from 212 entries from 27 Indian states by an international jury of leading experts, are: • Food Security Winner: Padubidri V. Shivaprasad, PhD, from the National Centre for Biological Sciences, has developed rice varieties that could reduce the need for fertilizers and pesticides, cut farming costs, and offer more nutritious food for millions. By using advanced gene-regulation tools in rice, India’s main agricultural staple, his innovation boosts stress tolerance and improves nutrition. By fine-tuning how certain genes are switched on or off, his method goes beyond traditional breeding, which can be slow and uncertain. His work also provides a sustainable model for strengthening staple crops worldwide due to global warming and climate change. Watch his film HERE • Sustainability Winner: Balasubramanian Gopal, PhD, from the Indian Institute of Science has created a green chemistry platform that uses specially engineered E. coli bacteria to produce necessary chemicals for medicines, cosmetics, and agriculture. By combining AI with lab experiments, his team quickly designs better enzymes and improves bacteria to produce high yields, without antibiotics or harmful additives. This sustainable approach can replace traditional, polluting chemical processes, strengthen India’s domestic production, and help position the country as a leader in environmentally friendly biomanufacturing. Watch his film HERE • Healthcare Winner: Ambarish Ghosh, PhD, from the Indian Institute of Science, is developing magnetic nanorobots—tiny, screw-shaped devices that can be safely guided through the body to target cancer. These nanorobots can navigate complex tissues, deliver drugs directly to tumors, and distinguish cancer cells from healthy ones. His team is also building imaging tools to track and control them in real time. This approach could offer more precise, less invasive cancer treatments with fewer side effects, and make advanced therapies more accessible and affordable in India and other low- and middle-income countries. Watch his film HERE Harish Bhatt, former brand custodian for Tata Sons, served as the ceremony presenter. The evening's Guest of Honour, Prof. S. Bruce Dowton, Vice-Chancellor of Macquarie University (Australia), gave the keynote address. Other distinguished guests attending the ceremony include Krishnaswamy Vijayraghavan, Emeritus Professor and Former Director, National Centre for Biological Sciences; M. Lakshmi Kantam, Dr. B.P. Godrej Distinguished Professor of Green Chemistry and Sustainability Engineering, Institute of Chemical Technology, Mumbai; and Chandrika Tandon, Indian-American businesswoman, philanthropist, and Grammy-winning musical artist. In his opening remarks, N. Chandrasekaran, Chairman of the Board of Tata Sons, said, “The prize is part of the Tata Group's commitment to invest in India’s next generation of scientific leaders and to champion vital research at every stage of its evolution. To our Winners, we celebrate your discoveries, your ambitions, and above all, your determination to make life better for millions of people.” Prof. Nicholas B. Dirks, President and CEO of The New York Academy of Sciences, followed the Chairman’s remarks commenting on the growth of the program: "Since its founding just three years ago, the Tata Transformation Prize has grown remarkably in both scope and impact, gaining nationwide visibility and elevating the work of its recipients. This heightened recognition has helped propel past Winners onto the international stage, opening doors to future honours and new opportunities to translate their innovations into real societal benefit.” Prof. Dirks highlighted achievements by Tata Transformation Prize Winners from 2023 and 2024. He also recognized this year’s jury, which included eminent scientists, clinicians, technologists, and engineers from world-renowned organizations and academic institutions across five continents, and the role of the Prize’s Scientific Advisory Council, who serve as ambassadors for the program. To drive transformative innovation and scale up the implementation of high-reward research, each Winner received INR 2 crores (approximately US$228,000) in prize money and was honoured with a Tata Transformation Prize medal at the ceremony. Harish Bhat, former Brand Custodian for Tata Sons, closed the ceremony with final remarks. A day earlier, the Tata Group welcomed the 2024 Winners to a symposium at Bombay House, where they highlighted the scientific advances and partnerships they have developed over the past year. About the Tata Transformation Prize The Tata Transformation Prize was established in 2023 by Tata Sons, powered by The New York Academy of Sciences, to support breakthrough, innovative technologies that address India’s most significant challenges. By recognizing and supporting the implementation at scale of high-risk, high-reward research, the Prize will drive impactful innovation in scientific disciplines of importance to India’s societal needs and economic competitiveness. The Prize will leverage the exceptional potential of scientists in India to address critical national challenges in three categories—Food Security, Sustainability, and Healthcare—and generate improved life quality outcomes across India and beyond. The Tata Transformation Prize recognizes one Winner in each category, with INR 2 crores (approximately USD 228,000) for each Winner. Click here for more information about the Tata Transformation Prize. About the Tata Group Founded by Jamsetji Tata in 1868, the Tata Group is a global enterprise, headquartered in India, comprising 31 companies across multiple verticals. The group operates in more than 100 countries across six continents, with a mission 'To improve the quality of life of the communities we serve globally, through long-term stakeholder value creation based on Leadership with Trust’.  Tata Sons is the principal investment holding company and promoter of Tata companies. Sixty-six percent of the equity share capital of Tata Sons is held by philanthropic trusts, which support education, health, livelihood generation and art and culture.  In 2024-25, the aggregate revenue of Tata companies was more than $180 billion. These companies collectively employ over 1 million people.  Each Tata company or enterprise operates independently under the guidance and supervision of its own board of directors. There are 26 publicly listed Tata companies with an aggregate market capitalisation of more than $328 billion as on March 31, 2025.  About The New York Academy of Sciences The New York Academy of Sciences is an independent, not-for-profit organization that since 1817 has been committed to advancing science for the benefit of society. With more than 16,000 members in 100 countries, the Academy advances scientific and technical knowledge, addresses global challenges with science-based solutions, and sponsors a wide variety of educational initiatives at all levels for STEM and STEM-related fields. The Academy hosts programs and publishes content in the life and physical sciences, the social sciences, nutrition, artificial intelligence, computer science, and sustainability. The Academy also provides professional and educational resources for researchers across all phases of their careers. Please visit us online at www.nyas.org. (Disclaimer: The above press release comes to you under an arrangement with NRDPL and PTI takes no editorial responsibility for the same.). PTI

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