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    LPG subsidy: Aadhaar biometric authentication mandatory for subsidised refills from Oct 1
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    US tariffs on Indian goods: A Chronology
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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.
September 18, 2026
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Direct tax collections reflect stronger advance tax payments, alongside increased corporate tax, securities transaction tax, and refund issuance.
Net direct-tax collections exceeded Rs 12.12 lakh crore through 17 September, reflecting 13 per cent growth following increased advance-tax receipts. Gross direct-tax collections exceeded Rs 14.32 lakh crore, while refunds exceeded Rs 2.20 lakh crore. Corporate-tax and non-corporate tax collections increased, as did Securities Transaction Tax collections. Advance-tax receipts exceeded Rs 5.22 lakh crore, comprising increased corporate advance tax and non-corporate advance tax payments.
September 18, 2026
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Upper-layer NBFC listing compliance sharpens corporate governance conflict over public accountability, shareholder liquidity, and preservation of private ownership.
Tata Sons' status as an upper-layer non-banking financial company has brought its proposed public listing into focus after the Reserve Bank of India rejected its application to voluntarily surrender core investment company registration. Tata Sons is required to take steps to comply with the enhanced regulatory framework applicable to upper-layer NBFCs, which includes stock-market listing. Classified in 2022, Tata Sons did not meet the original listing deadline and had pursued deregistration after repaying debt.

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2025 – A year of achievement, fatalities, and leadership row in Karnataka

December 25, 2025

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Bengaluru, Dec 25 (PTI) The leadership squabble between Chief Minister Siddaramaiah and his deputy DK Shivakumar and its ripple effects in the ruling Congress dominated Karnataka's political discourse in the fag end of 2025, which also saw a tragedy unfold on June 4 when cricket enthusiasts reveling in RCB's maiden IPL triumph were crushed in a deadly stampede, leaving 11 dead and many injured.

The state also hogged limelight as literatteur Banu Mushtaq and Deepa Bhasthi received the prestigious Booker prize for the former's book "Heart lamp". Incidentally, Mushtaq was caught in a political row when the opposition BJP protested the government's decision to pick her to inaugurate the Mysuru Dasara, a marquee with a great tourism potential.

The opposition had demanded Mushtaq to clarify her position on the Kannada language and Goddess Chamundeshwari.

The matter ultimately reached the Supreme Court which dismissed a plea challenging the Karnataka government's decision to invite the International Booker Prize winner to inaugurate Mysuru Dasara this year.

Leadership issues continued to pester the Congress leadership in the state as well as the central high command.

While Siddaramaiah asserted that he would continue to hold the coveted post for a full five years term, Shivakumar loyalists had predicted a leadership change by November 20, when the Congress reached its half-way mark of the five year tenure.

Subsequent open stance by supporters of either leaders in public put the leadership in a spot of bother, before it pitched in a breakfast diplomacy idea to break the logjam.

As a result, Shivakumar and Siddaramaiah hosted each other for breakfast, showing signs of thaw. However the issue once again came to the fore during the Karnataka Legislature's brief Belagavi session in December.

The "breakfast diplomacy" could not cut the ice as the leadership row continues.

In June, what was supposed to be a gathering to celebrate the Royal Challengers Bengaluru winning its maiden IPL title, in minutes turned out to be a tragedy.

A stampede killed 11 persons and injured 50 others outside the city's M Chinnaswamy Stadium, prompting authorities to ban holding of any matches there.

The opposition BJP faced its own in-house issues in 2025.

Vijayapura MLA Basanagouda Patil Yatnal continued his tirade against party stalwart and former Chief Minister B S Yediyurappa and his sons– Shikaripura MLA B Y Vijayendra (state BJP president) and Shivamogga MP B Y Raghavendra.

The party cracked the whip and expelled veteran Yatnal for six years in March and removed two more MLAs and former Ministers S T Somashekar and Arabail Shivaram Hebbarfrom the party for siding with their "parent party Congress".

Chief Minister Siddaramaiah presented the budget for a record 16th time. The size of the budget for 2025-26 was Rs 4.09 lakh crore.

The governance of the state capital underwent its most radical change on May 15, when the Greater Bengaluru Governance Act officially came into force dividing the Bruhat Bengaluru Mahanagara Palike into five municipal corporations.

In August, the ruling Congress dealt with its own internal fallout. Cooperation Minister K N Rajanna, considered close to the chief minister, was abruptly sacked from the cabinet for blaming his own government for its failure resulting in vote theft in Mahadevapura assembly segment during the 2024 Lok Sabha election.

Caught in the longstanding Cauvery water-sharing dispute with Tamil Nadu, Karnataka secured a major legal victory when the Supreme Court dismissed the neighbour's plea against the Mekedatu balancing reservoir project as 'premature'. The project envisages the twin objective of meeting the ever expanding Bengaluru's drinking water needs as well as generate hydro electricity.

Karnataka became the first southern state to pass an anti-hate speech legislation in December. The Karnataka Hate Speech and Hate Crimes (Prevention) Bill, 2025 introduced jail terms of up to seven years. Now, Telangana wants to follow suit.

This was followed by the Karnataka Social Boycott (Prevention, Prohibition, and Redressal) Bill, a landmark law aimed at criminalising the practice of informal village councils imposing social bans.

On the crime and law and order front, the state witnessed armed robbery in Bidar where two people suspected to be from Bihar robbed Rs 83 lakh cash, which was meant for filling the Automated Teller Machine (ATM) and shot dead a staff who resisted the robbery.

Police cracked a Rs seven crore robbery by a gang headed by a police constable in Bengaluru in November. All the accused involved in the case were arrested.

In Davanagere, two sub-inspectors were among seven persons arrested on charges of gold robbery on November 26.

Former Hassan MP and grandson of former Prime Minister H D Deve Gowda, Prajwal Revanna was given life imprisonment and imposed a fine of Rs 10 lakh in sexual assault case on August 2.

In a high profile gold smuggling case, Harshavardhini Ranya Rao, the stepdaughter of a Director General of Police rank officer was arrested with 14.2 kg of the precious metal upon her arrival from Dubai, which she had visited 27 times in a short period.

Veteran south Indian actor B Saroja Devi and ruling Congress MLA Shamanuru Shivashankarappa, one of the senior most politicians in the country, died in 2025. PTI GMS SA

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