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    Union Minister of Commerce and Industry Shri Piyush Goyal Highlights India’s Expanding Global Economic Engagement and Growing Integration with Globa...
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September 25, 2026
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Global value chain integration advances trade partnerships, semiconductor capacity, and deep-tech innovation within broader economic engagement.
India's global economic engagement prioritises trade and economic partnerships to strengthen participation in global value chains and supply chains, facilitating cross-border movement of goods and services. The approach is linked to projected semiconductor demand and development of artificial-intelligence capabilities, alongside innovation, deep-tech startup support and private-sector space activity. The startup ecosystem is described as having expanded substantially, with current policy emphasis on deep-tech innovation and participation in global markets.
September 25, 2026
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Trade agreement review targets balanced, user-friendly, trade-facilitative rules to address asymmetries and strengthen regional commerce.
The ongoing review of the ASEAN-India Trade in Goods Agreement seeks to enhance trade flows, address trade asymmetries, and deliver a balanced, effective, user-friendly, and trade-facilitative arrangement for businesses. It forms part of India's commitment to mutually beneficial trade partnerships and regional trade arrangements.
September 24, 2026
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Portfolio management reforms broaden permitted investments, establish independent fund managers, and retain registered managers' responsibility for client portfolios.
Portfolio-management reforms replace the 2020 framework and expand investments into IPOs, primary-market debt, listed overseas equity and debt, and direct plans of Indian mutual fund schemes. Investment-grade unlisted non-convertible debt may comprise up to 10 per cent of client assets under management with client consent. Independent Fund Managers may operate with registered portfolio managers, which retain responsibility and liability. Accredited-investor eligibility is broadened, while specified compliance requirements are relaxed where adequate audit trails and internal controls exist.
September 24, 2026
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Merchant discount rate on UPI merchant payments may be treated as a taxable payment settlement service with input credit availability.
GST treatment of MDR charged on UPI merchant payments above Rs 2,000 is to be considered by the GST Council. The MDR framework imposes a merchant-borne charge for payment processing and settlement. As these activities are services, MDR may attract GST at 18 per cent, subject to the Council's view. Merchants paying GST on MDR may claim input tax credit, potentially reducing their net tax burden.
September 24, 2026
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Fiscal responsibility limits frame cautions on new projects as budgetary discipline rather than financial crisis.
Finance-department advice treats fiscal indicators as grounds for restraint in approving additional expenditure rather than as evidence that funds are unavailable. Funding new projects may be difficult until additional resources are mobilised or allocations already approved are reallocated. Project proposals lacking budgetary provision or earmarked funding may create cash-flow pressures and fiscal-management challenges, requiring deferment until resources are finalised.
September 24, 2026
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Corporate document forgery allegations trigger investigation into unauthorised insolvency consortium participation and disputed share transfers.
An FIR concerns alleged cheating, forgery, criminal conspiracy, corporate-document misuse, and unauthorised financial liabilities arising from participation in a corporate insolvency resolution process. Allegations include entering a consortium arrangement without the Parekh Group's knowledge or authorisation, reliance on a fabricated and unapproved board resolution, and unauthorised transfer of shares to a group-controlled entity. Investigation covers disputed-record authenticity, alleged digital-signature misuse, and financial transaction trails.
September 24, 2026
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Energy security shapes continued Russian crude sourcing as alternative suppliers replace shortfalls amid potential sanctions-related restrictions.
Russian crude imports are operating near 1.8 million barrels daily in September, with refinery maintenance, stronger Chinese buying, and disruptions to Russian export infrastructure constraining availability. Middle Eastern supply, especially from Iraq and Saudi Arabia, has offset reduced Russian volumes. Potential tougher restrictions on countries purchasing Russian oil could complicate procurement, but energy security and tight physical oil markets make a significant near-term reduction in Russian crude purchases unlikely. Replacement remains technically possible but may raise procurement costs and competition for medium-grade crude.
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.

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Leadership in Education: Dr. Rajkumar Rana’s Role in Expanding Higher Education in Tribal Rajasthan

January 16, 2026

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New Delhi [India], January 16: The conversation around higher education in India often focuses on big cities and well-known institutions. Yet, some of the most meaningful educational change is driven by individuals with vision and commitment. In Abu Road, in the Sirohi district of Rajasthan, Dr. Rajkumar Rana, Chairman of Madhav University, stands out as one such leader, quietly shaping access to higher education in a predominantly tribal region. When Dr. Rajkumar Rana founded Madhav University in 2013, Sirohi did not have a university of its own. Students from tribal families faced limited options. Many had to travel long distances, while others were forced to discontinue their education altogether. Recognising this gap, Dr. Rajkumar Rana took a decisive step. For him, setting up a university in Abu Road was not about creating an institution alone; it was about creating opportunity where none existed. His belief remains simple and powerful: education must reach those who need it the most.

Under the leadership of Dr. Rajkumar Rana, Madhav University has grown with a clear focus on inclusion, relevance, and quality. The university today offers diploma, undergraduate, postgraduate, doctoral, professional, and medical programmes across 11 faculties, including Homoeopathy, Pharmacy, Physiotherapy, Allied Health Sciences, Engineering and Technology, Commerce and Management, Law, Education, Agriculture, Arts and Science, and Yoga and Naturopathy.

Dr. Rajkumar Rana has ensured that students studying in a tribal region receive learning facilities comparable to those in leading institutions across the country. Modern laboratories, digital libraries, research and incubation centres, media lab, and innovation facilities reflect his belief that location should never limit quality. Spread across a 100-acre green campus, the university offers a disciplined and supportive environment that encourages both academic excellence and personal growth.

A unique feature of Madhav University under Dr. Rajkumar Rana’s leadership is its experiential learning initiatives. Medical and allied health students gain practical knowledge through free health camps conducted in adopted villages like Wada, Bharja, Bhujela, Kasindra, Achpura, and Amthala, as well as in nearby villages such as Jodphali, Kivarli, Dhanari, and several others. These camps allow students to apply their theoretical knowledge in real-world settings while serving tribal communities, a direct reflection of Dr. Rajkumar Rana’s commitment to blending education with social impact.

In addition, Dr. Rajkumar Rana established India’s only on-campus school for special-abled tribal children, providing education to around 100 children. These students receive free education, daily transport from remote villages, speech therapy, physiotherapy, occupational therapy, behavioural and developmental support, psychological and IQ assessments, regular medical care, and a safe, structured, and emotionally supportive environment. For B.Ed. Special Education and allied health science students, this school offers hands-on, practical experience in inclusive teaching and child development, ensuring their learning is both experiential and socially meaningful, another example of Dr. Rajkumar Rana’s visionary approach to education.

What clearly defines Dr. Rajkumar Rana’s leadership is his focus on value-based education. Many students are first-generation learners, and under his guidance, they are encouraged to see education not only as a path to employment but as a way to build character, confidence, and social responsibility. Discipline, honesty, respect, and humility are not taught as concepts alone; they are lived daily on campus.

The results of Dr. Rajkumar Rana’s vision speak for themselves. More than 500 students have secured government jobs, a significant achievement for a tribal region. Thousands of others have progressed to higher studies and professional careers. Today, families that once hesitated to send their children for higher education now actively seek admission at Madhav University, reflecting the trust built under Dr. Rajkumar Rana’s leadership.

The university’s academic credibility has strengthened steadily under Dr. Rajkumar Rana’s guidance. Madhav University is accredited by the UGC and approved by statutory bodies such as NCTE, NCH, RNC, INC, PCI, BCI, CCH, and RCI. A defining milestone in Dr. Rajkumar Rana’s leadership journey was the achievement of the NAAC ‘A’ Grade in the very first accreditation cycle, highlighting strong governance, academic planning, and student-focused systems.

Beyond academics, Dr. Rajkumar Rana has positioned Madhav University as a socially responsible institution. Through initiatives in health awareness, women empowerment, sustainability, skill development, and community outreach, the university actively contributes to regional development, further strengthening his identity as an education leader rooted in service.

Madhav University’s journey reflects Dr. Rajkumar Rana’s long-term thinking. Instead of rapid expansion, his focus has remained on building quality, trust, and meaningful outcomes. Under his leadership, education has become a bridge, connecting aspiration with opportunity and effort with achievement.

Looking ahead, Dr. Rajkumar Rana is positioning Madhav University for national and global recognition. The university is preparing for participation in NIRF and Times Higher Education (THE) rankings, alongside efforts to achieve a higher NAAC grade. Under his leadership, Madhav University is expanding research and innovation initiatives, building international collaborations, and introducing skill-based, industry-aligned programs to enhance student employability. Technology-driven learning platforms, digital libraries, and experiential community programs are being strengthened to provide students with holistic, practical, and socially impactful education.

A key priority for Dr. Rajkumar Rana remains increasing the number of students securing government and public-sector jobs through focused academic support, career guidance, and skill development. Through his vision, consistency, and people-first approach, Dr. Rajkumar Rana continues to emerge as a distinctive voice in Indian higher education, demonstrating how purpose-driven leadership can build institutions, transform regions, and create lasting impact.

(Disclaimer: The above press release comes to you under an arrangement with PNN and PTI takes no editorial responsibility for the same.). PTI PWR

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