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    IDFC FIRST Bank enables Direct Tax payments through UPI, cards, net banking and branches
    Sensex slumps 1,248 pts as IRDAI proposal hits financial shares; rising crude, US yields weigh
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September 24, 2026
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Direct tax payment gateway integration enables nationwide payments through digital options, branch channels, and customers' respective internet-banking services.
IDFC FIRST Bank's payment-gateway integration for Central Board of Direct Taxes collections enables Direct Tax payments through UPI, credit cards, debit cards, Retail and Corporate Internet Banking, and branch-based cheque, demand draft, or cash payments. Customers of other banks may use their own internet-banking facilities through the gateway. Taxpayers create a challan on the Income Tax e-Filing Portal, select Payment Gateway and IDFC FIRST Bank, choose a payment mode, complete payment, and download or print the paid challan. Payment confirmations are also accessible.
September 24, 2026
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Insurance distribution controls target commissions, expenses and loan-linked sales, reshaping bancassurance arrangements and intermediary remuneration structures.
IRDAI's consultation proposals for insurance distribution contemplate lower Expenses of Management limits, tighter commission controls, and greater control over loan-linked insurance practices. The prospective framework concerns insurer and intermediary remuneration, distribution expenses, and bancassurance fee structures. Reported concerns centre on potential effects on insurer earnings, intermediary economics, and lending-linked distribution arrangements; the measures are not described as final operative obligations or enforcement action.
September 24, 2026
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Personal loan eligibility and repayment planning: loan variants and digital applications remain subject to assessment, verification, and applicable terms.
Eligible customers may seek collateral-free personal loans within stated amount, tenure and interest-rate ranges. Loan amount, interest rate and tenure determine the EMI and total interest payable, while calculator results are estimates rather than final repayment obligations. Eligibility includes nationality, age, employment and credit-score conditions, but approval, final pricing and loan amount remain subject to lender assessment, document verification and applicable terms. Online applications require personal, financial and employment details and KYC verification.
September 24, 2026
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Nidhi company deposits lack insurance protection, requiring verification of government declaration before relying on high-return promises.
Each company seeking to function as a Nidhi must file Form NDH-4 for declaration or updated Nidhi status and comply with the Companies Act, 2013 and applicable Nidhi Rules. Nidhi companies may accept deposits and grant loans only to members. Public investors should verify declared Nidhi status rather than rely on unusually high-return promises, agent representations, or informal assurances. Deposits with Nidhi companies are not insured by the Deposit Insurance and Credit Guarantee Corporation, and recovery may be difficult where a company fails or fraud occurs.
September 24, 2026
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FCNR(B) liquidity deployment remains within banks' discretion, guided by credit pipelines, asset-liability positions, and prudent underwriting standards.
Banks retain full discretion to deploy liquidity mobilised through FCNR(B) deposits, based on their credit pipeline, lending proposals, liquidity outlook and asset-liability position. No sector-specific direction applies to use of these funds. FCNR(B) deposits are fixed-term foreign-currency deposits in which principal and interest are repayable in the same foreign currency, protecting non-resident depositors from direct rupee exchange-rate risk. Continued prudent credit appraisal and underwriting standards are expected.
September 24, 2026
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Compulsory Muslim marriage registration shifts registration to registrars under a statewide procedural framework, with local officials authorised when needed.
Compulsory registration of Muslim marriages will operate under the Assam Muslim Marriage Registration (Compulsory) Rules, 2026, framed under the Assam Compulsory Registration of Muslim Marriage and Divorces Act, 2024. Registration will be undertaken by registrars, with panchayat-level officials potentially authorised where application volumes require additional capacity. The framework addresses the registration forum after kazis were barred from registering Muslim marriages.
September 24, 2026
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Macroeconomic resilience supports fiscal consolidation, financial-sector stability, and orderly foreign-exchange management through persistent global and market shocks.
Policy management emphasises clear communication, policy certainty, macroeconomic and financial-sector stability, efficient use of buffers, and sustained structural reform. Fiscal prudence is treated as necessary to avoid unsustainable stimulus and preserve long-term stability. External-sector resilience rests on services exports and remittances, while oil and gold shocks and weaker capital inflows have created temporary balance-of-payments pressure. Further improvement is linked to lower oil dependence, export diversification, trade agreements, capital inflows and orderly foreign-exchange market management.
September 24, 2026
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Software export growth strengthens IT ecosystem as campus expansion supports startup activity, infrastructure development, and skilled employment.
Software export revenue generated by Technopark reached Rs 17,092 crore in FY 2025-26, reflecting year-on-year growth of approximately 17.3 per cent. Growth is attributed to IT infrastructure, a skilled talent base, and company performance. Technopark also operates as an IT and ITeS hub and startup ecosystem centre, with ongoing campus development intended to expand its position among major IT hubs.
September 24, 2026
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Artificial intelligence centre of excellence partnership advances industry-aligned training, supervised internships, startup mentorship, and applied research collaboration.
IIEST Shibpur and Tata Consultancy Services have entered into a Memorandum of Understanding to establish an Artificial Intelligence Centre of Excellence at the Electrical Engineering Department's high-performance computing laboratory. The collaboration supports industry-aligned training, professional certifications, practical projects, supervised internships, startup mentorship, curriculum benchmarking, and applied research in natural language processing, computer vision, image processing, and advanced data analytics.
September 24, 2026
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Money-laundering searches prompt protests over alleged political misuse while operations continue at public development offices and residences.
Enforcement Directorate search and survey operations connected with a money-laundering investigation continued at development authority offices and premises linked with housing administration, a realty company, and private residences. AAP workers protested against the searches, alleging political and administrative pressure through central investigative agencies. The party further alleged that the operations could disrupt the development authority's functioning and impede Punjab government welfare schemes.
September 24, 2026
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Money-laundering investigation procedure raises allegations over FIR registration, conflict concerns, and the choice between police, vigilance, or federal inquiry.
A police inquiry, rather than a Vigilance inquiry, was directed following an Enforcement Directorate communication seeking registration of an FIR for cognizable offences. It was contended that FIR registration should be dealt with by the police and that governmental or ministerial intervention would raise concerns where a person facing allegations is involved in deciding the investigative course. A transfer to a federal investigative agency was sought on grounds of investigative independence and perceived conflict of interest.
September 24, 2026
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Trade truce extension maintains tariff pauses and export-restriction rollbacks while negotiations continue on broader economic commitments.
United States-China trade relations may remain governed by the Busan Agreement through January 10 under a stated two-month extension, though Chinese official confirmation is pending. The arrangement maintains pauses on elevated tariffs and prior rollbacks of restrictions affecting critical minerals and high-technology exports. Negotiations may produce a broader economic package or further continuation of existing terms, while implementation of agreed commitments is under review. The parties have also proposed reciprocal alerts on AI-related hacking incidents involving national-security concerns.
September 24, 2026
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Gold Smuggling Enforcement: Concealed foreign-origin gold recovered from vehicles and a traveller, with arrests under customs law.
Gold-smuggling enforcement involved the seizure of approximately 21 kg of foreign-origin gold in two operations and the arrest of five persons under the Customs Act, 1962. Gold bars were recovered from sophisticated vehicle-chassis cavities, while gold bars and cut pieces were recovered from a passenger's specially designed cotton waist belt. The operations concerned suspected cross-border gold movement and targeted organised smuggling networks using sophisticated concealment methods.
September 24, 2026
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Cross-border gold smuggling enforcement resulted in Customs Act seizures after coordinated recovery of foreign-origin gold from border locations and a passenger.
Cross-border smuggling of foreign-origin gold through the Bangladesh route led to coordinated recoveries and seizures under the Customs Act, 1962. Gold recovered near the India-Bangladesh border was taken over for customs proceedings, including a seizure under Section 110. Foreign-origin gold concealed by a train passenger was also recovered and seized, with investigation indicating its smuggling from Bangladesh.
September 24, 2026
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BRICS tax cooperation creates standing platforms for international taxation, revenue statistics, professional capacity building and peer learning.
India-led BRICS tax cooperation established standing Working Groups on International Taxation and Transfer Pricing and Revenue Statistics, providing institutional platforms extending beyond individual Chairships. It also institutionalised an annual Young Tax Professionals Capacity Building Programme, launched the BRICS Tax Cross-Learning Lab for peer learning on client-centric administration and human-resources practices, and approved the Terms of Reference for the BRICS Tax Support Network.
September 24, 2026
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Wildlife trafficking enforcement applies protected-species safeguards to seized Tokay Geckos and enables further statutory action against suspected illegal trade.
Wildlife-trafficking enforcement led to interception of two persons and seizure of 86 live Tokay Geckos under the Wildlife (Protection) Act, 1972. Tokay Geckos receive Schedule I protection under that legislation and are listed in Appendix II of CITES, regulating international trade. The persons and recovered geckos were transferred to the Mariani Range Forest Office for further action.
September 24, 2026
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Restricted firecracker imports concealed through misdeclaration trigger seizure and criminal investigation under customs enforcement law.
Concealment of restricted firecrackers within an import container declared as bottles and wallpaper resulted in customs seizure under the Customs Act, 1962. Firecracker imports are restricted under the Foreign Trade Policy and require valid Directorate General of Foreign Trade authorisation and a Petroleum and Explosives Safety Organisation licence under the Explosives Rules, 2008. Investigation into attempted clandestine clearance led to the arrest under the Customs Act of a key syndicate member alleged to have orchestrated the import.
September 24, 2026
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Merger-control approval permits FIHM's phased acquisition of IIFL Capital Services equity through subscription, open offer and promoter purchase.
Merger-control approval permits FIHM to acquire certain additional equity share capital of IIFL Capital Services through a preferential issue on a private-placement basis and through shares tendered in a mandatory open offer. FIHM may also buy shares from the target's promoters if its aggregate shareholding with HWIC remains below the Target Shareholding after these steps.
September 24, 2026
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Full ownership acquisition in beauty and personal care receives competition approval for skin care and hair care operations.
Competition approval covers L'Ore al India Private Limited's acquisition of the entire shareholding in Onesto Labs Private Limited. The proposed combination concerns India's beauty and personal care sector and places the Target under the Acquirer's full ownership. Both entities operate in beauty and personal care products, including skin care and hair care.
September 23, 2026
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Advance disbursement of central government pay addresses anticipated banking disruption, with subsequent adjustment against the following month's entitlements.
Advance disbursement of September 2026 salary, wages and pensions is authorised on 25 September for central government employees, industrial employees and pensioners because of the proposed bank strike. Payments constitute advance payments and must be adjusted after full monthly entitlements are determined, with any adjustment made from October salary or wages. End-of-month banking transactions should, where feasible, be processed in advance.

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Bengaluru Retains No. 1 Spot as the Top City for Women in India

January 7, 2026

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Bengaluru, Karnataka, India (NewsVoir) • Bengaluru, Chennai, Pune, Hyderabad, Mumbai: Top 5 cities for women • Many cities show strength in either social or industrial inclusion, not both • Tier-2 cities rise as women-friendly urban ecosystems expand • Gurugram emerges as the only north Indian city in the Top 10 of India’s Top Cities for Women, climbs to No. 6 from No. 9 last year • Five cities from south Indian states feature in the Top 10 of India’s Top Cities for women Avtar Group, India’s leading workplace culture consulting firm, released the fourth edition of its annual, nation-wide study ‘Top Cities for Women in India’ (TCWI). The TCWI report presents a longitudinal inclusivity index that tracks how Indian cities enable women’s participation, safety, and career growth/continuity, while identifying role-model cities and emerging best practices. It also offers a structured framework for organisations, policymakers and urban stakeholders to enable women’s workforce participation and career growth. The Top 10 Cities for Women in India in 2025 are: Bengaluru, Chennai, Pune, Hyderabad, Mumbai, Gurugram, Kolkata, Ahmedabad, Thiruvananthapuram, Coimbatore The 2025 edition of the study covers 125 cities and draws comparisons from its previous editions (from 2022). The cities are ranked based on an overall ‘City Inclusion Score’ assigned to every city, which is inferred from Avtar’s research and governmental data. The City Inclusion Score (CIS) is derived from two parameters: the Social Inclusion Score (SIS) and the Industrial Inclusion Score (IIS). • The Social Inclusion Score is a cumulative score of four indicators. These are: city liveability, safety, women’s representation in employment and women’s empowerment. • The Industrial Inclusion Score evaluates the extent to which organisations in the city across industries are inclusive of women and is calculated based on three indicators: The density of gender inclusive organizations; the density of women-friendly/inclusive industries in a city, and career enablers provided to women by organizations. Speaking at the release event of the report’s findings, Dr Saundarya Rajesh, Managing Director of Avtar Group, said, “As we mark Avtar’s 25th year, the fourth edition of the ‘Top Cities for Women in India’ reflects both how far we have come and how much more we must do. Over the years, the TCWI study has evolved into a tool of accountability that asks a simple question: Can a woman truly thrive in this city? It measures the real ease of career and life for women, whether cities enable women to enter the workforce, stay, grow, and lead. Creating such cities requires shared responsibility. Governments, organizations, institutions, communities, and women themselves must work together to build environments that are safe, accessible, affordable, and supportive. In today’s context, cities must also take a broader view of inclusion, one that considers environmental resilience, supportive infrastructure, digital readiness, intergenerational equity, and respect for diverse perspectives. When these elements come together, women thrive, thereby strengthening local economies and moving India closer to its long-term development goals.” Key Findings of the Top Cities for Women in India 2025 report: • Bengaluru retains its position as the top city for women in India in 2025, with a City Inclusion Score of 53.29, reflecting sustained strength in Industrial Inclusion and career enablement. • Chennai follows in second position with a City Inclusion Score of 49.86, while continuing to lead on social inclusion parameters such as safety mechanisms, public services, mobility initiatives and access to health and education. • Pune (46.27), Hyderabad (46.04), and Mumbai (44.49) complete the top five, demonstrating consistent performance across both social and industrial inclusion indicators. • Gurugram records one of the most notable upward movements, strengthening its position in 2025 compared to 2024, supported by rapid industrial growth and strong corporate presence (Rank no. 6 in 2025 compared to No. 9 in 2024). • Delhi, Gurugram, and Noida perform strongly on industrial inclusion but lag on social indicators such as safety, affordability, and mobility, reinforcing that industrial growth alone does not ensure inclusive urban environments. • Thiruvananthapuram, Shimla and Tiruchirappalli demonstrate strong social inclusion outcomes but limited industrial depth, pointing to constraints in local economic mobility for women and limitations in large-scale formal employment opportunities for women despite strong social foundations. • Hyderabad, Kolkata and Pune stand out for fairly balanced inclusion profiles, with strong alignment between social inclusion and industrial ecosystems, enabling sustained workforce participation for women. • Mumbai shows strong industrial inclusion (with an IIS of 69.00) but relatively weaker social inclusion (with a SIS of 38.44), highlighting challenges around affordability and access to infrastructure despite abundant employment opportunities. • The 2025 TCWI rankings show increased representation of Tier-2 cities among higher ranks, indicating decentralisation of women-friendly urban ecosystems. Regional analysis • The Southern region emerges as the most inclusive, recording the highest scores across all three indices, with a regional average CIS of 21.60, SIS of 27.81, and an IIS of 11.61, reflecting a more integrated approach to social infrastructure, safety, health, education, and industrial participation for women. • The Western region follows closely, demonstrating consistently strong performance with a regional average CIS of 20.00, SIS of 25.47, and the highest IIS among regions at 12.01, indicating relatively mature industrial ecosystems supported by enabling social conditions. • Central and Eastern regions trail across both inclusion dimensions – social and industrial – especially industrial inclusion, with regional average IIS scores of 4.96 and 4.40, respectively. Across 2022–2025, cities achieving convergence between Industrial Inclusion (IIS) and Social Inclusion (SIS) consistently rank higher on overall City Inclusion (CIS), reinforcing that industrial growth is most effective when supported by safe, accessible, and equitable urban environments. For more details, refer to the Top Cities for Women in India 2025 report: www.avtarinc.com/tcwi About Avtar Avtar, founded in 2000 by Dr Saundarya Rajesh, is one of India’s leading workplace culture consulting firms, supporting hundreds of companies in creating diverse and supportive workplaces. Avtar is also the country’s largest provider of second career opportunities for women. An ISO 20700 certified firm, Avtar’s biggest research projects are its annual benchmarking studies – the Best Companies for Women in India (BCWI) and the Most Inclusive Companies Index (MICI). Done in partnership with Seramount, BCWI and MICI, India’s largest workplace inclusion benchmarking studies, which have paved the way for the employment of more women and other underrepresented groups. Avtar also promotes inclusive hiring through MyAvtar, India’s first job portal for underrepresented professionals. A snapshot of Avtar’s work in the last 25 years: • Provided advisory services in inclusive practices to 800+ organisations • Conducted 5000+ workshops and training programs in companies of different sizes, spanning industries and locations • Facilitated the re-entry of 1,00,000 second-career women into the workforce through MyAvtar.com • Engaged with 200,000+ women through career enablement programs • Offered unique skilling programs such as DigiPivot (a prestigious course in digital marketing, conducted in partnership with Google, HUL, and ISB) to hundreds of women. • Provided career intentionality training, employment guidance, and access to industry leaders every year to 10,000+ girls from underprivileged backgrounds through Project Puthri, an initiative of the Avtar Human Capital Trust (AHCT). • Impacted 4000+ schoolboys through MITR (Men Impacting Trust and Respect), an initiative by AHCT that mentors boys to be advocates for women. To know more, visit www.avtarinc.com | www.myavtar.com. For its transformational impact in the realm of DEI, Avtar Group was listed in the prestigious Steward Leadership 25 Listing by Straits Times & INSEAD in Singapore in 2022. In 2025, Avtar won the Times Business Awards and was recognized as the ‘Leading Women’s Employment Organization’. (Disclaimer: The above press release comes to you under an arrangement with Newsvoir and PTI takes no editorial responsibility for the same.). PTI

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