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    Trump used to slam China. Here's why he's now rolling out the red carpet for Xi
    RBI orders removal of Maharashtra minister Babasaheb Patil, 7 others as directors of Latur DCC Bank
    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
    Graft case: Kerl BJP chief alleges 'fixed match' between Congress, CPM
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    BC.GAME's BC Engine Rewards Surpass $8.6 Million as Ecosystem Growth Accelerates
    NLMC’s 21st Board Meeting Reviews progress of monetisation programme; stresses on Accelerated Asset Monetisation;
    IDFC FIRST Bank introduces Zero Forex Markup across all its Credit Cards, existing and new.
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    Govt eases sugar stockholding limit for bulk users to 30 days ahead of festive season
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    India–Nepal Inter-Governmental Sub-Committee on Trade, Transit and Cooperation to Control Unauthorised Trade Meets in New Delhi
    OnEMI Technology Solutions Limited’s Board Approves Fundraise of approximately ₹832 Crore through a Preferential Issue of Securities
    CGST Delhi South officers bust firm in fraudulent availment of ITC involving over Rs. 25.22 crore; proprietor arrested
    Net direct tax collection rises 13 pc to Rs 12.12 lakh cr till Sep 17 on higher advance tax mop-up
    Protean launches next-generation KYC Onboarding & Reporting Solution at Global Fintech Fest 2026
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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.
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.

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Life in Australia: A Guide for International Students

December 30, 2025

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Moving to a new country is a journey filled with excitement and offers endless opportunities. For many international students, Australia becomes more than a study destination, — it becomes a second home. What follows is an insider's perspective on life in Australia for overseas students, drawn from personal experience. Culture, Etiquette and Everyday Norms Australia is a multicultural society grounded in the values of respect, fairness, and inclusiveness. Regardless of background, treating people with respect truly matters — simple gestures, such as saying “Thank You” to staff in shops or restaurants make a difference. Queuing etiquette is strong here: cutting in line or pushing forward is frowned upon. On public transport, allow passengers to exit before you board, keep conversations quiet, and avoid eating in some vehicles as directed. Australians are also generally open-minded about diversity in races, genders, sexual orientations, and backgrounds. While culture shock is a normal part of transitioning to a new environment, the inclusive ethos of many communities helps ease the adjustment and makes it easier for yourself to feel part of the local community. Academic Life & Student Experience Australian universities and educational institutions strive to create a vibrant academic environment. Classrooms encourage active participation, critical thinking and collaborative learning. Students are supported through resources such as English language support, workshops on academic writing and study skills, and peer mentoring. Outside the classroom, campus life is vibrant. — Clubs, societies, cultural festivals, and events allow students to engage broadly with peers from all over the world. The balance between structured learning and social experiences makes student life in Australia holistic and fulfilling. Working While Studying One of the key attractions of studying in Australia is that student visa rules often permit part-time work, subject to certain conditions. This allows students to earn extra income while gaining valuable work experience and becoming more engaged with Australian society. However, it’s essential to understand your visa’s work conditions. Here at the most important things to do before working in Australia; Register for a Tax File Number (TFN), open an Australian Bank Account (CommBank, NAB, Westpac, and ANZ are typical choices and have dedicated student accounts), and ensure your Australian bank account is linked appropriately to avoid unexpected taxation. Students can explore roles via job boards such as Indeed, SEEK and Workforce Australia, campus services, or referrals from peers and networks. Safety, Wellbeing and Support Services Australia is committed to maintaining a safe, inclusive environment for all residents, including international students. Universities and Colleges typically offer robust support systems ranging from counselling services, health and wellness programs, academic assistance and student advocacy. To protect personal safety, follow basic precautions: know the emergency number (000), avoid walking alone late at night, if possible, lock doors, and inform someone of your movements. In public settings, safeguard your belongings and exercise awareness of surroundings. Managing Finances & the cost of Living International students must demonstrate they have access to sufficient funds to support their studies and living costs. Australia’s migration regulations stipulate indicative amounts for living expenses: for example, you can estimate your costs here: Living and education costs | Study Australia (These figures serve as a guide and may change over time.) Although part-time work can help, students should not rely on employment alone to meet all expenses. Planning a budget for accommodation, transport, food, personal costs and course-related expenses is essential. Visa, Health Coverage & Documentation A successful student visa application hinges on proper documentation and compliance. Key requirements typically include: • A valid passport • Certificate of Enrolment (CoE) from the Institution • English language test results (IELTS, TOEFL, PTE, CAE or OET) • Evidence of sufficient funds • Overseas Student Health Coverage (OSHC)—mandatory for international students. • Medical Insurance (travel, private or other) • If coming from a country with a Reciprocal Health Care Agreement (RHCA), you are entitled to free emergency/urgent medical services (specifics apply, please visit Medicare | myGov) Medical examinations may also be required, depending on your home country and duration of stay. It’s important to make sure no document is expired, and all submitted evidence is up to date. Travel, Arrival & Packing Arriving in Australia Plan your arrival with transport in mind. Options such as taxis, shuttle buses, Skybus, trams or trains are available in major cities. Some airports offer public transport directly into city centres (for example, Sydney’s frequent train service). Pre-booking or arranging transport in advance can ease the transition. Packing and essentials While Australia offers broad access to goods, there are some items worth bringing: appropriate clothing (weather varies by season & state), adaptors suited to Australian plug systems, initial funds, and important paperwork (visa, enrolment letters, contacts). Be cautious of arriving in Australia carrying restricted items: food products, plants, animal materials and certain goods must be declared at customs. Importing large amounts of cash (over AUD 10,000) must be declared. Weapons and restricted items should be left behind or declared if unsure. Accommodation & Housing Options Choosing the right living arrangement is key to a comfortable student life. Common options include: • Homestays: Living with a host family. Meals, utilities and internet are typically included, and you benefit from cultural immersion. Drawbacks can include less independence and possible travel distance from campus. • Student housing / dormitories: Purpose-built, fully furnished residences close to campus, often including communal amenities and utilities. However, private meals are not usually provided, and rooms may be compact. • Shared accommodation: Friends or small groups sharing a house or apartment to split rent and bills. It encourages social connections but may bring lifestyle conflicts or limited privacy. • Private rentals: For greater independence, renting a private apartment or house is possible. This generally incurs higher costs and full responsibility for utilities and often requires understanding tenancy rules, bonds and leasing terms. It's important to familiarise yourself with tenancy rights, rental agreements, security deposits, and rules in your chosen state or territory. Transport and Mobility Australia’s major cities tend to offer excellent public transport infrastructure: • In Melbourne, trams, buses and trains operate via the Myki card system, there is also a “free tram zone” in the CBD (Central Business District) • In Sydney, transport is managed using the Opal card, which works on buses, trains, light rail and ferries. • Adelaide has the “MetroCard” system, like Melbourne and Sydney. Cycling is a cost-effective, green option. But cyclists must wear approved helmets, be mindful of the weather, and obey road safety rules. Australians drive on the left-hand side of the road, so be mindful of this. Driving can be convenient but expensive. International students should check whether their home country licence is valid in Australia, whether they need an International Driving Permit or local conversion, and always follow local road regulations and make sure you have relevant insurance Communication, SIM & Internet Obtaining an Australian SIM card typically requires proof of identity (passport, visa) and sometimes address or banking documentation. Many international students prefer prepaid plans for flexibility, while longer-term contract plans may offer better value if staying for a full year. Home internet is commonly provided via the National Broadband Network (NBN) in many areas. For places not yet NBN-enabled, wireless broadband (4G/5G) options exist but may be costlier or capped in usage. Always compare speeds, data limits, and pricing. Embracing Australian Life: Exploring & Discovery One of Australia’s greatest perks is its natural beauty and vibrant city life. Students can spend weekends exploring:: • Melbourne: Famous for its arts, street culture, local markets (such as Queen Victoria Market), laneways, cuisines and southern beachfronts. • Sydney: Home to the Sydney Opera House, the Harbour Bridge, coastal walks, iconic beaches like Bondi, and harborside attractions. • Adelaide: Home to the Adelaide Oval, Central Market and Zoo, offers a laid back, relaxed lifestyle. • Other regions offer diverse experiences, from tropical beaches to mountain ranges, national parks, wine regions and deserts. These experiences enrich your time as a student, creating lasting memories beyond academics. For more information visit: https://www.tourism.australia.com/en Final Thoughts Student life in Australia offers a vibrant, secure and enriching environment for international students. With the right preparation, i.e. by understanding visa and health cover requirements, budgeting for living costs, choosing accommodation wisely, and getting familiar with transport and everyday norms, students can thrive both academically and personally. Take in the experience, build meaningful connections, and give yourself space to grow, inside and outside the classroom. (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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