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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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SPJIMR announces 100% final placements for the PGDM and PGDM (BM) Class of 2026

December 12, 2025

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Highest CTC: INR 75 LPA | Median CTC: INR 32.85 LPA | Average CTC rises to: INR 33.75 LPA MUMBAI, India, Dec. 12, 2025 /PRNewswire/ -- Bharatiya Vidya Bhavan's S.P. Jain Institute of Management & Research (SPJIMR) successfully concluded the final placement process for its flagship two-year Post Graduate Diploma in Management (PGDM) and Post Graduate Diploma in Management Business Management (PGDM(BM)) Class of 2026, achieving 100% placements for its largest-ever batch of 356 participants, with strong compensation outcomes and broad-based recruiter participation. This year's results are particularly noteworthy: the average CTC increased to INR 33.75 LPA despite the batch size rising to 356, and the median CTC rose to INR 32.85 LPA. These outcomes, delivered in a selective and evolving hiring environment, reaffirm the sustained confidence that leading organisations place in SPJIMR talent. Prof. Varun Nagaraj, Dean, SPJIMR, said, "In an increasingly complex world, businesses need leaders who understand the intersection of profit and purpose. The Class of 2026 has demonstrated that they possess the unique ability to drive business growth while remaining socially sensitive and grounded. The enthusiasm shown by our recruiting partners is a testament to the relevance of our 'Non-Classroom Learning' pedagogy." The institute continued to attract top-tier recruiters across Consulting, FMCG, BFSI, General Management, Product, and Technology roles, reflecting SPJIMR's strong industry relationships and the proven capabilities of its students. The placement season also witnessed robust PPO conversions, increased recruiter diversity, and a balanced spread of roles, reinforcing SPJIMR's position as one of India's most trusted campuses for management hiring. Placement outcomes | Class of 2026 • Highest CTC: INR 75 LPA • Average CTC: INR 33.75 LPA • Median CTC: INR 32.85 LPA • Pre-Placement Offers (PPOs): 46% of the batch • Top 50% Average: INR 39 LPA • Top 25% Average: INR 43.75 LPA • Companies participated: 80 • New recruiters: 31 Compensation highlights • 15% of offers ≥ INR 40 LPA • 31% of offers ≥ INR 35 LPA • 68% of offers ≥ INR 30 LPA • 94% of offers ≥ INR 25 LPA Prof. Renuka Kamath, Associate Dean, Full-time Programmes, said, "The successful completion of this placement season speaks volumes about the agility and resilience of our participants. By immersing our students in diverse environments—from rural internships to global fast tracks—we prepare them to navigate uncertainty. The Class of 2026 enters the workforce not only ready to adapt to change but also equipped to lead it." Sector highlights Consulting – 40% of all offers Consulting emerged as the largest recruiting domain, with participation from global and domestic leaders such as Accenture Strategy, Boston Consulting Group, Deloitte India, Deloitte USI, EYP, Kearney, KPMG, McKinsey, Miebach, NRI, Praxis, PwC India, PwC US, Samagra Consulting, and Synergy Consulting among others. FMCG – 30% of the Marketing cohort, 22% of the OSCM cohort SPJIMR continued its strong FMCG tradition with offers from Asian Paints, Colgate-Palmolive, General Mills, Godrej Consumer Products, Himalaya, HUL, ITC, L'Oréal, Marico, Mondelēz, Nestlé, P&G, Pidilite, Reckitt, and more. General Management – 10% of the batch Conglomerates and diversified businesses recruited for leadership, rotational, and strategy roles. Key recruiters included the Aditya Birla Group, Mahindra, Reliance, RPG, TAS, and Zomato among others. BFSI and IB/PE – 32% of the Finance cohort The financial sector reinforced its presence with offers from Axis Bank, Bank of America, Barclays, Citi, Edelweiss Alternatives, Goldman Sachs, HSBC, Kotak Bank, Morgan Stanley, Nomura, o3 Capital, Standard Chartered, and others. Product, Technology and Analytics – 30% of the Information Management cohort Key recruiters included American Express, AuxoAI, GE Vernova, IDFC First Bank, MakeMyTrip, PlaySimple Games, and SRIB among others. Other notable sectors included E-commerce, Product Marketing, Real Estate, and Digital Marketing. Prof. Ashita Aggarwal, Chairperson, PGDM and PGDM (BM), said, "We are delighted to see the industry's continued faith in the SPJIMR way of learning. The Class of 2026 has secured roles that require a sophisticated blend of digital dexterity and human-centric thinking. This achievement belongs to our faculty, our alumni, and most importantly, our students." The final placements for the Class of 2026 underscore SPJIMR's commitment to developing value-based, industry-ready leaders. With 100% placements, a highest package of INR 75 LPA, strong average outcomes, and nearly half the batch securing PPOs, SPJIMR continues to remain one of India's most preferred campuses for top recruiters. About SPJIMR Bharatiya Vidya Bhavan's S.P. Jain Institute of Management & Research (SPJIMR) is one of India's leading postgraduate management institutes. It is recognised in the Financial Times MiM rankings as the #35 business school globally and among the Top 3 in India, ranked by Business Today as one of the country's top five business schools, and rated by the Positive Impact Rating as one of the top five schools worldwide for societal impact. Known for its innovative and socially-conscious approach to management education, research, and community engagement, SPJIMR aims to influence managerial practice and promote the value-based growth of its students, alumni, organisations and its leaders, and society. SPJIMR holds the international 'Triple Crown' of accreditations from EQUIS, AACSB, and AMBA. Visit SPJIMR.org for more information. Photo: Embedded Media Logo: https://mma.prnewswire.com/media/1896222/5639305/SPJIMR_Logo_1.jpg' alt='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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