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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.
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.

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A New Chapter in Shanghai–Yunnan Cultural Exchang

February 3, 2026

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Dali Jia Ma Prints and Fengxian Printmaking Exhibited at CHANDO Future Beauty Innovation Hub SHANGHAI, Feb. 3, 2026 /PRNewswire/ -- On January 29, 2026, the exhibition Tracing Beauty in Motion — A Printmaking Exchange between Dali Jia Ma Woodblock Prints of Yunnan and Fengxian Printmaking of Shanghai opened to the public at Oriental Beauty Valley CHANDO Future Beauty Innovation Hub. The exhibition is presented in coordination with the Shanghai Municipal Office for Cultural and Creative Industries and the Cooperation and Exchange Office of Shanghai Municipal People's Government, with institutional support from the Fengxian District Bureau of Culture and Tourism, and is jointly organized by Shanghai CHANDO Group, the Dali Craftsman Spirit • Jia Ma Woodblock Print Art Museum, and the Fengxian District Cultural Museum. The exhibition will run through March 1. As part of the broader interregional collaboration framework between Fengxian and Dali, the exhibition offers a platform for cross-regional artistic exchange, tracing a journey from the cultural traditions of the Greater Himalayan region to contemporary printmaking practices along the East China Sea, in line with the exhibition theme "Mountains and Seas in Harmony, Beauty Shared by All." Alongside the exhibition, a series of related public programs, including a Spring Festival Garden Fair and a New Year Shopping Festival, are being held. Through a combination of cultural displays, traditional activities, and visitor participation, these programs offer residents and visitors an opportunity to engage with Spring Festival traditions in a contemporary setting.

A Cross-Regional Artistic Exchange Since Fengxian District and Dali Prefecture established a partnership in 2021, the two local governments have worked together on initiatives spanning industrial collaboration, public services, and talent exchange, supported by a multi-level framework for cooperation. This exhibition extends that collaboration into the field of cultural exchange.

With operations based in Fengxian and longstanding engagement in Yunnan, CHANDO Group has participated in a range of collaborative initiatives linking the two regions. Dali Prefecture in Yunnan serves as a key source of raw materials for the company. In October 2023, the partners introduced a city-themed co-branded product, the limited-edition Polar Holy Water "Wind, Flower, Snow, Moon" — Dali Edition. In July 2024, additional co-branded products followed, including the euspa "Wind, Flower, Snow, Moon" hair and body care collection and the Dali 3000 Sunscreen Set. In the same year, during the Fengxian–Dali cooperation conference, CHANDO Group donated 500,000 yuan to the Dali Foundation for Poverty Alleviation to support local community initiatives. The joint presentation of this intangible cultural heritage printmaking exhibition reflects a further instance of cultural collaboration between the two regions.

At the opening ceremony, Dr. Chen Juanling, General Manager of Public Affairs at CHANDO Group, noted in her remarks that the printmaking exhibition is the 12th initiative in the CHANDO Art Program and coincides with the company's 25th anniversary, under the theme "Together in Beauty." She said the company focuses on bringing together technology, culture, and the natural environment through its public cultural initiatives, and that its participation in the exhibition reflects an ongoing commitment to cultural exchange and to the preservation and contemporary presentation of intangible cultural heritage. She added that the exhibition is intended to show how traditional cultural forms can continue to resonate in contemporary settings, while offering the public a range of participatory experiences, including the garden fair, traditional activities, and interactive programs.

Following the remarks, representatives of the participating institutions opened the exhibition and visited CHANDO Future Beauty Innovation Hub, where they viewed both the Science and Art of Cosmetics Exhibition and the Tracing Beauty in Motion printmaking exhibition. Works from both regions are displayed together, fostering dialogue across regions and generations, and highlighting shared cultural appreciation.

Intangible Cultural Heritage in Dialogue: A Cross-Regional Exchange between Jia Ma and Fengxian Prints The exhibition is organized into two main sections: Marks of Blessing: The Spiritual Map of Jia Ma and Local Dialogues: Fengxian Printmaking Practices, which introduce the artistic traditions and cultural backgrounds of prints from both regions.

Dali Jia Ma prints, originating in the Tang Dynasty, are created using traditional woodblock printing techniques on Jia Ma paper. Their motifs feature deities, natural elements, and scenes from daily life, and have traditionally served ritual and ceremonial functions. Historically used in blessing practices, these prints express the Bai community's cultural traditions and social values.

Fengxian printmaking, rooted in Jiangnan cultural traditions, draws on established printmaking methods while incorporating contemporary perspectives, using detailed carving and layered compositions to reflect the character of a developing coastal district.

Spring Festival Garden Fair and New Year Shopping Festival: Public Cultural Activities and Community Engagement Located in Fengxian, Shanghai, Oriental Beauty Valley CHANDO Future Beauty Innovation Hub is a flagship project developed by CHANDO Group. The project brings together cultural programming, tourism, retail, and public exhibitions, combining beauty science education, product displays, intelligent manufacturing showcases, and on-site retail, and providing a publicly accessible venue that links industry, education, and cultural experience. It has been recognized as one of Shanghai's Top 10 Iconic Cultural and Tourism Projects for 2025.

To coincide with the exhibition opening, CHANDO Future Beauty Innovation Hub launched the Spring Festival Garden Fair and Factory Store New Year Shopping Festival, bringing together traditional culture, hands-on experiences, and consumer activities. The garden fair features public participation stations, including Jia Ma woodblock printing demonstrations, calligraphy and Spring Festival couplets, New Year-themed makeup experiences, seasonal food tastings, fortune drawing, and photo areas, creating a festive environment designed for broad public participation.

CHANDO Group introduced the Bai cultural blessing, "Yangyang Hao" to the Shanghai audience, creating a "Good Luck" installation where visitors can record and display New Year wishes, representing shared aspirations for the year ahead.

The Factory Store New Year Shopping Festival runs through February 13, offering limited-edition product sets and an additional 10% discount on top of store promotions. By linking cultural programming with commercial activity, the initiative supports seasonal consumer activity while contributing to the coordinated development of cultural, tourism, and commercial offerings.

Public Engagement and Regional Cooperation CHANDO Group has participated in a range of public-interest and cultural programs, including support for the Keyan Return Program for women in scientific research, the Spring Bud Project for rural education, and initiatives promoting cross-regional cultural exchange. The Group continues to assess ways in which corporate participation can support cultural preservation and regional cooperation.

Looking ahead, CHANDO plans to continue utilizing the Oriental Beauty Valley CHANDO Future Beauty Innovation Hub platform to further develop the "cultural, tourism, commercial, and sports exhibitions + industrial tourism" model, with the aim of expanding public access to cultural programs that combine science, art, and everyday life, and supporting sustainable regional cultural development.

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

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