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    LPG subsidy: Aadhaar biometric authentication mandatory for subsidised refills from Oct 1
    RBI orders removal of Maharashtra minister Babasaheb Patil, 7 others as directors of Latur DCC Bank
    US tariffs on Indian goods: A Chronology
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    Protean launches next-generation KYC Onboarding & Reporting Solution at Global Fintech Fest 2026
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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
Show AI Summary
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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Chequered year: Mass surrender of Naxalites offers hope, rising crime poses challenge before cops

December 26, 2025

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Mumbai, Dec 26 (PTI) From mass surrender of Naxalites to developments linked to the brutal murder of a sarpanch in Beed, from attack on Bollywood actor Saif Ali Khan by a Bangladeshi man to high-profile fraud cases, including the Pune land deal, Maharashtra witnessed a chequered year in terms of crime and security in 2025.

The previous year had ended on a tragic note with the brutal murder of Santosh Deshmukh, the sarpanch of Massajog village in Beed. The barbarity of the killing shook the conscience of not only the state but the entire nation.

Its repercussions continued to reverberate this year.

In January this year, the prime accused in the case, Walmik Karad, a close aide of NCP leader Dhananjay Munde, was booked under the stringent Maharashtra Control of Organised Crime Act (MCOCA) and sent to judicial custody.

In March, Munde, who was a minister at that time, had to step down due to mounting political pressure.

In October this year, major success was scored in the anti-Naxal operation after key Naxalite Mallojula Venugopal Rao alias 'Bhupathi' surrendered with 60 cadres in Gadchiroli.

The Centre has set March 31, 2026 as the deadline to eliminate Naxalism from the country.

Mumbai police's strategic move helped the National Investigation Agency in the deportation of 26/11 terror attacks case mastermind Tahawwur Hussain Rana and gangster Anmol Bishnoi from the USA.

Rana was extradited in April, while Bishnoi was brought to India in November.

Bishnoi, the younger brother of jailed gangster Lawrence Bishnoi, was the mastermind of late NCP leader Baba Siddique's murder.

But the police also faced setbacks in some major cases this year.

The trial court's verdict acquitting all seven accused in the 2008 Malegaon blast case on 31 July came as an embarrassment for the Anti-Terrorism Squad.

Just 10 days before that, the Bombay High Court had acquitted 11 accused in the 2006 Mumbai serial train blasts case probed by the ATS.

In January, Bollywood actor Saif Ali Khan was seriously injured after being stabbed at his residence in Mumbai by an intruder. The police later arrested Bangladeshi national Shariful Islam Shehzad Mohammad Rohilla Amin Fakir from Thane for the attack.

The accused had changed his name to 'Bijoy Das' after entering India, the police said.

The incident not only highlighted the rising crime, but also the issue of infiltration from Bangladesh.

Several high-profile financial and other fraud cases also came to light this year.

In February, embezzlement of Rs 122 crore in the New India Cooperative Bank was unearthed. According to police, the money was siphoned off from the safes of the bank’s offices in Mumbai.

Former top official of the bank, Hitesh Mehta, was arrested along with several other accused.

In Pune, alleged irregularities were found in a land deal involving a firm owned by state Deputy CM Ajit Pawar's son Parth.

The now-scrapped deal is related to a 40-acre government plot in Mundhwa area.

Police arrested Sheetal Tejwani, who held ower of attorney for the land that was later sold to Parth Pawar’s company, Amadea Enterprises LLP, and sub-registrar Ravindra Taru, who was suspended after irregularities emerged in the deal.

Actor Shilpa Shetty and her husband Raj Kundra were in news for allegedly duping a businessman of Rs 60 crore. The Economic Offences Wing, which is probing the case, has questioned the couple.

The EOW is also investigating alleged Mithi desilting scam, and questioned Bollywood actor Dino Morea and his brother for their alleged involvement. Police have so far arrested five accused persons in the case.

The cyber fraudsters are increasingly using the 'digital arrest' method to dupe people.

A 72-year-old man lost Rs 58 crore in a digital arrest case, wiping out his entire life savings. It is said to be the biggest digital arrest case reported in the state.

In a shocking turn of events, social entrepreneur Rohit Arya was shot dead during the police’s operation to rescue 17 children and two adults held captive by him at a recording studio in Mumbai on October 30.

A case was filed against stand-up comedian Kunal Kamra for allegedly targeting Deputy CM Eknath Shinde through a parody song. The Mumbai police had issued three summonses to him.

Several incidents raised question marks over the safety of women in the state.

In February, a 26-year-old woman was raped inside a state transport bus in the busy Swargate area in the heart of Pune city, triggering an outrage.

A woman doctor committed suicide in Satara, leading to the arrest of a police sub-inspector and a software engineer. Before ending her life at a hotel room, she had written a note on her palm, in which she alleged that she was repeatedly raped and subjected to mental and physical abuse.

In October, the ATS arrested software engineer Zubair Hangargekar from Pune for his alleged links with outfits such as Al Qaeda in the Indian Subcontinent and for his suspected involvement in radicalising people.

Pune-based gangster Nilesh Ghaywal allegedly fled India by fraudulently obtaining a passport earlier this year. The British High Commission in India has confirmed that he is in London on a 'visitor' visa.

Saksham Tate, a 20-year-old man, was murdered in Nanded by the family members of his girlfriend over an inter-caste relationship in the last week of November. PTI DC NP

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