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    LPG subsidy: Aadhaar biometric authentication mandatory for subsidised refills from Oct 1
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September 19, 2026
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Biometric Aadhaar authentication becomes essential for domestic LPG consumers seeking regulated subsidised refill bookings, while market-price supply remains available.
Biometric Aadhaar authentication is required from October 1 for domestic LPG consumers to book subsidised refills at the regulated retail selling price. Authentication can be completed through delivery personnel, distributor showrooms or designated mobile applications. Consumers unwilling or unable to authenticate may obtain LPG at the applicable market price without subsidy after registering their choice through specified digital channels. The framework distinguishes subsidised LPG linked to Aadhaar-authenticated consumers from market-priced LPG and seeks targeted subsidy delivery, reduced leakage, and prevention of diversion, duplicate connections and ineligible access.
September 19, 2026
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Cooperative bank director tenure limits require disqualification and removal when service exceeds the statutory maximum period.
Directors of District Central Cooperative Banks and Central Cooperative Banks are subject to a maximum 10-year tenure under the Banking Regulation Act, 1949, as amended by the Banking Laws (Amendment) Act, 2025. RBI directed removal of a director ineligible to continue under section 10A(2A)(i), read with section 56, following concerns that directors of Latur District Central Cooperative Bank had exceeded the permitted tenure.
September 19, 2026
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Tariff treatment of Indian exports shifted from reciprocal duties to targeted trade measures, sectoral duties, and specified exemptions.
Upon expiry of the temporary global measure, an India-targeted 10 per cent Section 301 tariff, linked to forced-labour concerns, replaced it; the effective charge for most covered exports remained MFN duty plus 10 per cent. The current regime applies the Section 301 tariff to Indian exports except specified goods, with separate sectoral duties on steel, aluminium and auto components. Smartphones, medicines and energy products are exempt.
September 19, 2026
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PMLA-based FIR request over alleged consultancy payments remains under legal examination amid criticism of non-registration.
Enforcement Directorate sought registration of an FIR concerning alleged fraudulent payments by Cochin Minerals and Rutile Ltd to Exalogic Solutions, represented as IT consultancy fees. The request relied on evidence gathered through investigation and searches under the Prevention of Money Laundering Act. Registration remained under consideration after receipt of the Advocate General's legal opinion, with the Home Department examining the matter.
September 19, 2026
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Free trade agreements expand market access, entrepreneurial partnerships and youth career opportunities alongside public-sector recruitment and development participation.
Free Trade Agreements are presented as mechanisms for expanding cross-border partnerships, market access for entrepreneurs, and career opportunities for young persons. Youth employment is also linked to the expansion of the startup ecosystem beyond major cities and to public-sector recruitment through Rozgar Melas. Newly selected candidates are to join central government ministries, departments and organisations. Public service is framed around citizen-centred administration and decisions supporting a developed and self-reliant India.
September 19, 2026
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AI governance for regulated financial services enables natural-language automation while preserving enterprise security, auditability, control, and scalable deployment.
Assist-Edge enables teams to describe intended processes in natural language and use AI to create, modify, and enhance executable workflows. Working with reusable AI agents and workflows, it supports discovery, customisation, deployment, and scaling of enterprise automation. For banking, financial services, and insurance operations, its use is positioned alongside security, governance, auditability, and control, supporting governed adoption of scalable AI capabilities and movement from isolated experimentation to enterprise-wide intelligent automation.
September 19, 2026
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Recurring token reward distributions connect eligible holdings, platform activity, and partner participation through hourly settlement cycles.
BC Engine permits eligible $BC holdings to participate in hourly settlement rounds distributing BCD rewards. Participants can monitor active balances, cumulative rewards, unclaimed BCD, and settlement history through the Engine interface. Settlement amounts vary with ecosystem activity, while the mechanism links platform activity, token utility, user participation, and commercial partners through repeated value distribution rather than one-time promotional incentives.
September 19, 2026
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Asset monetisation of surplus public land and buildings is accelerated through transparent, value-oriented processes and stakeholder coordination.
NLMC's Board recommended monetisation proposals involving surplus land and building assets valued at over Rs. 5,000 crore. Monetisation is facilitated through asset identification, due diligence, valuation and appropriate process structuring, with emphasis on transparency, efficiency and value realisation. Sustained coordination with asset-owning entities is intended to expedite implementation and support timely, commercially appropriate monetisation of underutilised public assets.
September 19, 2026
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Zero forex markup on credit cards applies automatically to international transactions without conditions while preserving applicable rewards.
Zero Forex Markup applies automatically to international transactions made through all existing and new credit cards, without a new-card application, upgrade, spending threshold or other stated condition. International card spends do not attract forex markup charges. Reward Points or Cashback, where applicable to the relevant card, continue on international transactions. Existing credit cards may be used for overseas and cross-border payments without requiring a separate forex card solely to avoid such charges.
September 18, 2026
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Foreign exchange reserve valuation reflects currency movements as foreign currency assets and gold holdings decline.
India's foreign exchange reserves declined to USD 780.782 billion for the week ended September 11, driven by reductions in foreign currency assets and gold holdings. Foreign currency assets fell to USD 645.796 billion, with their dollar value reflecting movements in reserve currencies against the US dollar. Gold reserves also declined, while Special Drawing Rights increased to USD 18.845 billion. The reserve position with the IMF stood at USD 4.916 billion.
September 18, 2026
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Bulk sugar stockholding limits now allow expanded inventories only where additional supplies derive from designated import channels.
Bulk sugar consumers using more than 10 tonnes monthly as a raw material may hold up to 30 days' requirement instead of 15 days. Holdings above 15 days must consist exclusively of sugar imported under the Tariff Rate Quota or Advance Authorisation Scheme; sugar obtained from the open market remains restricted to 15 days' consumption. Bulk consumers must declare and disclose their sugar inventories every Friday through the food ministry's online portal.
September 18, 2026
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Trade facilitation and digitalisation support regional economic cooperation through simpler customs procedures, paperless exchange, resilient supply chains, and MSME access.
Priority measures included expanded intra-SCO trade, lower trade costs, resilient and diversified supply chains, trusted multimodal connectivity, greater market access, simplified customs processes, paperless trade and electronic document exchange. Digital and cross-border payments and accessible trade finance were identified to enable MSMEs and start-ups to participate in trade and value chains. Ministers agreed an Action Plan for 2026-2030 for further approval and approved regulations for a special working group on creative-economy development.
September 18, 2026
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Customs cooperation and trade facilitation advance electronic origin verification, pre-arrival information exchange, and safeguards against preferential trade misuse.
Customs cooperation and trade facilitation measures included pre-arrival information exchange, electronic verification of Certificates of Origin, and Customs automation and digitalisation. These measures are directed at facilitating legitimate trade while ensuring compliance with applicable rules and preventing misuse of preferential trade arrangements. Rail and road connectivity, freight movement, Integrated Check Posts and land-port infrastructure were reviewed to improve infrastructure utilisation and address operational bottlenecks affecting bilateral and transit trade.
September 18, 2026
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Preferential equity issuance approved to strengthen capital, support digital lending expansion, and fund subsidiary operations subject to required approvals.
OnEMI Technology Solutions Limited has approved a preferential issue of equity shares to identified investors, subject to shareholder and requisite regulatory and statutory approvals. The issuance is proposed under the Companies Act, 2013, the SEBI capital-issue and disclosure framework, other applicable SEBI regulations, and applicable law. Seventy-five per cent of the additional capital raised is proposed for infusion into its wholly owned subsidiary to support lending, technology, digital capabilities and product expansion, while the remaining twenty-five per cent is proposed for general corporate purposes.
September 18, 2026
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Fraudulent input tax credit claims through bogus invoices prompted arrest over alleged invoicing without actual supply of goods.
Alleged fraudulent availment, utilisation and passing on of inadmissible input tax credit involved invoices from purported suppliers found to be non-existent, non-functional, suspended or cancelled. Input tax credit was allegedly claimed without actual receipt of goods and passed on through invoices unsupported by corresponding supplies. Following investigation and recorded statements, the proprietor of an iron and steel trading firm was arrested under statutory arrest powers, while further investigation remains in progress.
September 18, 2026
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Direct tax collections: stronger advance tax payments support growth in corporate, non-corporate, and securities transaction tax receipts.
Direct tax collections grew through September 17, supported principally by increased advance tax payments from corporate and non-corporate taxpayers. Gross collections exceeded Rs 14.32 lakh crore, while net collections, after refunds, exceeded Rs 12.12 lakh crore. Corporate tax collections grew more strongly than non-corporate tax collections, and Securities Transactions Tax receipts recorded significant growth. The trend indicated broad-based tax buoyancy, supported by underlying economic activity, taxpayer confidence and business performance.
September 18, 2026
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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.
September 18, 2026
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Direct tax collections reflect stronger advance tax payments, alongside increased corporate tax, securities transaction tax, and refund issuance.
Net direct-tax collections exceeded Rs 12.12 lakh crore through 17 September, reflecting 13 per cent growth following increased advance-tax receipts. Gross direct-tax collections exceeded Rs 14.32 lakh crore, while refunds exceeded Rs 2.20 lakh crore. Corporate-tax and non-corporate tax collections increased, as did Securities Transaction Tax collections. Advance-tax receipts exceeded Rs 5.22 lakh crore, comprising increased corporate advance tax and non-corporate advance tax payments.
September 18, 2026
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Upper-layer NBFC listing compliance sharpens corporate governance conflict over public accountability, shareholder liquidity, and preservation of private ownership.
Tata Sons' status as an upper-layer non-banking financial company has brought its proposed public listing into focus after the Reserve Bank of India rejected its application to voluntarily surrender core investment company registration. Tata Sons is required to take steps to comply with the enhanced regulatory framework applicable to upper-layer NBFCs, which includes stock-market listing. Classified in 2022, Tata Sons did not meet the original listing deadline and had pursued deregistration after repaying debt.

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iCreate Drone Challenge: Boosting India’s Indigenous Drone Innovation and Manufacturing with Next-Gen Startups

January 20, 2026

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Bringing Together India’s Finest Drone Innovators for a High-Intensity Prototype Acceleration Programme Ahmedabad, 20, January, 2026 – iCreate (International Centre for Entrepreneurship and Technology), India’s leading deep-tech incubator, announced the commencement of the Prototype Acceleration Programme for the iCreate Drone Challenge (iDC) 2025, being held from 20 January to 13 February 2026. This Programme marks a key transition from a nationwide search to a high-intensity prototype acceleration stage, advancing India's next generation of record-breaking drones and indigenous components.

Launched in October 2025 in collaboration with Startup India (DPIIT) under the Bharat Startup Grand Challenge initiative, iDC 2025 is India’s first large-scale platform focused on redefining global benchmarks in drone velocity, endurance, and payload. The challenge’s major focus is to prioritise component indigenisation, reducing India’s dependence on imported critical subsystems like propulsion, avionics, energy systems, and advanced materials.

Following an extensive national outreach across 26 states and Union Territories, iCreate received over 500 applications and shortlisted 14 high-potential startups for the rigorous Prototype Acceleration Programme. Demonstrating a significant shift in India’s innovation landscape, nearly 43% of the applications originated from Tier-II and Tier-III cities. The final cohort represents startups from across the country, highlighting the growing depth of India’s drone innovation ecosystem. The selected cohort will work on two primary tracks: Aerial Excellence and Component Indigenisation, focusing on building indigenously sourced drone components and developing cutting-edge drone platforms for both civil and defence applications.

The inaugural ceremony of the IDC 2025 Prototype Acceleration Programme was graced by Mr. R. D. Barhatt, Joint Commissioner of Industries, Government of Gujarat, as the Chief Guest. The event was further honoured by the presence of Prof. (Dr.) Kalpesh H. Wandra, Pro-Vice Chancellor, Rashtriya Raksha University, and Mr. Srinivasa Kumar D, Assistant General Manager, Canara Bank (Regional Office), as Guests of Honour, along with a virtual address by Mr. Nilesh Ranpura, Senior Director – Engineering (ASIC), eInfochips.

The event was also graced by a virtual address from Ms. Mamatha Venkatesh, Head – Startup India (DPIIT), who highlighted Startup India’s vision of manufacturing-focused incubation as a national priority for building globally competitive startups. She noted that the iCreate Drone Challenge, launched in collaboration with Startup India, brings together startups, industry, and government to support founders at a critical stage of prototype validation and early manufacturing readiness. Emphasising drones and unmanned systems as a strategic sector for India with applications across agriculture, infrastructure, logistics, surveillance, and public services, she encouraged participating startups to leverage the platform, industry access, and institutional support to accelerate their journey from innovation to scalable impact.

Shri R. D. Barhatt, Joint Commissioner of Industries, Government of Gujarat said, “Gujarat has always been at the forefront of India’s industrial growth, and through the iCreate Drone Challenge, we are witnessing the next chapter of this journey. By supporting drone startups that focus on indigenous manufacturing, we are not only strengthening our local supply chains but also reinforcing Gujarat's position as a preferred destination for deep-tech innovation.” Speaking at the occasion, Ms. Mamatha Venkatesh, Head- Startup India, DPIIT said, “Manufacturing-focused incubation is critical to India’s ambition of building globally competitive startups. The iCreate Drone Challenge reflects the spirit of Startup India’s Vision on Manufacturing Incubators by enabling founders to move decisively from prototype development to scalable manufacturing through close collaboration with industry and government stakeholders. This cohort demonstrates how structured programs, aligned with national priorities, can strengthen India’s deep-tech and manufacturing ecosystem. We are pleased to collaborate with iCreate on the Drone Challenge, which directly advances our shared vision of nurturing next-generation manufacturing startups from India for the world.” The iDC 2025 cohort is redefining India's drone future by developing autonomous UAVs and kamikaze drones capable of navigating RF-jammed and GPS-denied environments. Key innovations include hybrid endurance systems with IC-engine generators for long-duration missions, triple-redundant flight controllers to eliminate single-point failures, and monocoque composite airframes. Additionally, the group is advancing indigenous hardware like high power-to-weight BLDC motors, AI-integrated modular controllers, and morphing drones that transition between ground and aerial modes, alongside automated payload delivery systems.

During the intensive residential Prototype Acceleration Programme, participants will have access to state-of-the-art labs, rapid prototyping facilities, and mentorship from global experts in aerodynamics, propulsion, and AI autonomy. They will also benefit from component sourcing support, software credits, and business modeling guidance. Crucially, the program provides a direct bridge to commercialisation, offering startups the opportunity to pitch for a funding pool of ₹2 crore from iCreate, ensuring they are positioned for successful scaling and market entry.

Avinash Punekar, CEO of iCreate, shared his perspective on the significance of this initiative, “The iCreate Drone Challenge is more than a competition, it is a focused effort to nurture the next generation of indigenous drone technologies that can strengthen India’s leadership in aerospace and defence technology. Through iDC 2025, we are enabling deep-tech startups to overcome early-stage barriers by providing access to mentorship, infrastructure, and industry-led guidance. Our aim is to help these innovators build scalable, high-performance drone solutions that are ready for real-world deployment and national impact..” The iCreate Drone Challenge aligns closely with Startup India’s vision for manufacturing-focused incubators, aimed at building globally competitive startups. The iDC 2025 Prototype Acceleration Programme represents a critical step in accelerating India’s transition towards a self-reliant defence and aerospace ecosystem, supporting the national ambition of becoming a global manufacturing hub by 2030.

About iCreate iCreate (International Centre for Entrepreneurship and Technology) is India’s leading incubator providing Deep Tech startups the fastest runway to commercialisation. With a focus on hardware-based innovations in Mobility Tech, Climate Tech, Health Tech, and Defence & Aerospace Tech, it follows a high-touch, entrepreneur-first approach in nurturing startups. Since inception, it has supported over 900 innovations and 60 patents through incubation, acceleration programmes, mentorship, market connects, and funding.

iCreate’s state-of-the-art 40-acre campus was inaugurated by Prime Minister Narendra Modi in 2018. iCreate has served as the knowledge partner to the Vibrant Gujarat Global Summit, and as the Secretariat for Startup20 under India’s G20 Presidency. It currently serves as the India Taskforce Lead for Inclusion & Sustainability under Startup20 South Africa. It has partnerships with leading global institutions, and a strategic partnership with CSIR, India’s apex organisation for science and technology. iCreate has been recognised as the Impact Incubator of the Year at the Micelio Mobility Awards 2024, and is the recipient of the National Award for Technology Business Incubator 2020.

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

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