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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
    Bajaj Finance Personal Loan Offers Rs. 40,000 to Rs. 55 Lakh with Tenures up to 108 Months
    MCA issues advisory - cautions public against high-return promises by non-compliant Nidhi Companies
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September 24, 2026
Show AI Summary
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
Show AI Summary
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
Show AI Summary
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
Show AI Summary
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
Show AI Summary
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
Show AI Summary
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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EU executive arm, Russia and Thailand asked to join Trump's Board of Peace for Gaza

January 19, 2026

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Jerusalem, Jan 19 (AP) The European Union's executive arm, Russia and Thailand on Monday were the latest to be asked to join US President Donald Trump's new Board of Peace that will supervise the next phase of the Gaza peace plan, as a top Israeli official said the initiative is “bad for Israel” and should be scrapped.

Kremlin spokesman Dmitry Peskov said Russian President Vladimir Putin received the invitation and that the Kremlin is now “studying the details” and would seek clarity of “all the nuances” in contacts with the US. The Thai Foreign Ministry said it was also invited and that it was reviewing the details.

European Commission spokesperson Olof Gill confirmed that Ursula von der Leyen, the president of the commission, received an invitation and would be speaking to other EU leaders about Gaza. Gill didn't say whether the invitation has been accepted, but that the commission wants “to contribute to a comprehensive plan to end the Gaza conflict.” It's unclear how many leaders have been invited to join the board. But a Trump reference in the invitation letters that the body would “embark on a bold new approach to resolving global conflict” suggested it could act as a rival to the UN Security Council, the most powerful body of the global organisation created in the wake of World War II.

Israeli far-right Finance Minister Bezalel Smotrich on Monday dismissed the Board of Peace as a raw deal for Israel and called for its dissolution.

“It is time to explain to the president that his plan is bad for the State of Israel and to cancel it,” Smotrich said at a ceremony inaugurating the new Yatziv settlement in the occupied West Bank. “Gaza is ours, its future will affect our future more than anyone else's. We will take responsibility for what happens there, impose military administration, and complete the mission.” Smotrich even suggested that Israel renew a full-scale offensive on Gaza to destroy Hamas if it doesn't abide by a “short ultimatum for real disarmament and exile.” On Saturday, the office of Israeli Prime Minister Benjamin Netanyahu said the formation of the committee wasn't coordinated with the Israeli government and “is contrary to its policy.” The US is expected to announce its official list of members in the coming days, likely during the World Economic Forum meeting in Davos, Switzerland.

Board members will oversee an executive committee that will be in charge of implementing the tough second phase of the Gaza peace plan that includes the deployment of an international security force, disarmament of Hamas and reconstruction of the war-devastated territory.

A USD 1 billion contribution secures permanent membership on the board with the money going to rebuild Gaza, according to a US official who spoke on condition of anonymity about the charter, which hasn't been made public. A three-year appointment has no contribution requirement.

But details of how this will also work remain murky. British Prime Minister Keir Starmer said Monday the UK is talking to allies about the Board of Peace. Although the UK hasn't said whether Starmer has been formally invited to join, he said it's necessary to proceed with the Gaza peace plan's second phase and that his country has “indicated willingness, to play our part, and we will.” Running Gaza ========= Egypt's top diplomat on Monday met with the leader of the newly appointed committee of Palestinian technocrats who will be running Gaza's day-to-day affairs during the second phase of the peace plan.

Foreign Minister Bader Abdelatty met with Ali Shaath, a Palestinian engineer and former official with the Western-backed Palestinian Authority, who was named last week as chief commissioner of the National Committee for the Administration of Gaza Abdelatty expressed the Egyptian government's “complete support” to the committee and affirmed its role in running Gaza's daily affairs until the Palestinian Authority takes over the territory, a statement from the Egyptian ministry said following the meeting.

He also underscored “the importance of preserving the unity of the Palestinian territories, ensuring geographical and administrative continuity between the Gaza Strip and the West Bank.” More aid getting through but situation still fragile =============================== The UN World Food Programme on Monday said it has “significantly expanded” its operations across Gaza 100 days into the ceasefire, reaching more than a million people each month with hot meals, bread bundles and food parcels. But it warned the situation remains “extremely fragile” even as critical progress has been made in pushing back famine.

It noted that malnutrition has been prevented for 2,00,000 pregnant and breastfeeding women, as well as children under 5, while school snacks are reaching 2,35,000 children in 250 temporary schools.

Still, the most recent Integrated Food Security Phase Classification (IPC) analysis in December indicates that 77 per cent population is facing crisis levels food insecurity with over 1,00,000 people experiencing catastrophic levels of hunger.

The WFP said access to nutritious food such as fresh fruit, vegetables and dairy is limited with most families still can't afford more commercial goods entering Gaza.

Palestinian teen shot dead ================= Israeli forces killed a Palestinian teenager in southern Gaza, hospital authorities said Monday.

Hussein Tawfiq Abu Sabalah, 17, was shot in the Muwasi area of Rafah Monday morning, according to Nasser Hospital. It wasn't immediately clear whether he crossed into or came close to an Israeli-controlled area.

More than 460 people have been killed by Israeli fire and their bodies brought to hospitals since the ceasefire went into effect, according to Gaza's Health Ministry. The ministry, which is part of Hamas-led government, maintains detailed casualty records that are seen as generally reliable by UN agencies and independent experts. (AP) NPK NPK

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