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    11th Meeting of National Traders’ Welfare Board Convened in New Delhi
    DRI seizes 9.40 kg foreign-origin gold worth around Rs. 15 crore at Mumbai airport; three arrested
    DRI seizes over 125,000 kg foreign-origin smuggled areca nuts and 41,000 kg poppy seeds worth around Rs. 20.31 crore in Assam and Mizoram in a crackdo...
    Envision Energy Secures TÜV SÜD Certificate for Wind Farm Control System, Strengthening Long-Term Resilience for Future Energy Systems
    India's forex reserves fall USD 14.89 bn to USD 766 bn: RBI data
    No commitment given to bank unions on 5-day work week by Finance Ministry, say sources
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    Check Credit Score and Understand Credit Health with the Bajaj Finance Credit Pulse Report
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    Draft Warehousing Operations Regulations, 2026 - uploading on the CBIC website for inviting comments/views/suggestions from stakeholders
    From Digital Banking to Resilient Banking – Technology, Cyber Security and AI as Pillars of Trust - Address by Shri Rohit Jain, Deputy Governor at t...
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    K'taka Deputy CM Parameshwara rejects Opposition's allegation of 'bankruptcy'
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September 25, 2026
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Trader welfare policy discussions covered GST reform, digital commerce, finance access, export promotion, and coordinated institutional support.
Deliberations covered GST rationalisation, refund delays, audit duration, amnesty schemes, input tax credit anomalies and pending appeals, alongside proposed inclusion of traders in MSME facilitation committees, a centralised loan portal with a 30-day timeline, CIBIL score reforms and grievance helplines. Trader welfare measures considered timely contractor payments, safeguards against technical penalties, loan-repayment flexibility during lean periods and stronger Centre-State coordination.
September 25, 2026
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Gold smuggling through powdered gold concealed in food products led to seizure and arrests under customs law.
Intelligence-led interception and baggage examination identified foreign-origin gold converted into fine powder and mixed with packaged food products of similar colour, texture and consistency. Segregation and assaying yielded 9.40 kg foreign-origin gold, which was seized under the Customs Act, 1962. Questioning linked the passengers to the same organised gold-smuggling syndicate, and they were arrested under that Act.
September 25, 2026
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Customs seizure of suspected smuggled areca nuts and restricted poppy seeds followed intelligence-led cross-border enforcement operations.
Intelligence-led customs enforcement in Mizoram and Assam resulted in seizure, under the Customs Act, 1962, of suspected foreign-origin areca nuts and poppy seeds believed on preliminary inquiry to have been smuggled from Myanmar. Searches of locked, unattended godowns near the Indo-Myanmar border recovered the commodities, while interception of two trucks carrying poppy seeds without valid import documents led to seizure of the consignments and vehicles. Four persons connected with transportation of the poppy seeds were arrested.
September 25, 2026
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Industrial control system cybersecurity certification validates system-level protection across wind farm controls, networks, and lifecycle security services.
IEC 62443-3-3 Security Level 2 certification applies to a wind farm control system covering SCADA, PPC, PLC and industrial network devices. It assesses system-level security requirements, including the interaction of components, networks and security mechanisms within an overall industrial control environment. The cybersecurity framework also spans secure development, certified core control components, system-level protection, and security integration and maintenance services across the lifecycle of wind energy technologies.
September 25, 2026
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Foreign exchange reserve composition reflects a weekly decline driven by foreign currency assets despite a modest gold increase.
India's foreign exchange reserves declined by USD 14.881 billion to USD 765.901 billion for the week ended 18 September 2026. The contraction was principally driven by a reduction in foreign currency assets, which also reflect valuation effects from movements in non-US reserve currencies. Gold reserves increased, while Special Drawing Rights decreased and the reserve position with the International Monetary Fund remained reported separately.
September 25, 2026
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Five-day banking proposal remains under consideration amid strike plans and measures for uninterrupted banking and advance disbursements.
Five-day banking remains under governmental consideration, with no Finance Ministry commitment to implementation. Unions linked the proposal to the 12th Bipartite Settlement/9th Joint Note, which contemplated extended Monday-to-Friday working hours. Family pension revision and a pension option for resignees were identified as addressed, while withdrawal of the Performance Linked Incentive scheme remains in abeyance. Public sector banks were instructed to remain open on the preceding Sunday, and central government salaries, wages and pensions were directed to be disbursed in advance.
September 25, 2026
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Alternative fuel transition promotes ethanol, electric and hydrogen mobility to reduce imports, pollution, and strengthen farm income.
Alternative-fuel and public-transport measures seek to reduce dependence on imported petroleum, curb air pollution, and support farmer income and employment. Ethanol is positioned as a farm-income source through increased demand and returns for maize growers, alongside electricity, hydrogen and waste-derived CNG. Development and introduction of flex-fuel vehicles, using engines capable of operating on ethanol, electric tractors, hydrogen-powered vehicles and hydrogen buses form part of a cleaner-mobility strategy.
September 25, 2026
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Foreign-exchange market intervention expectations supported rupee appreciation amid improved risk sentiment, while importer demand and crude prices constrained gains.
Foreign-exchange market conditions supported a 19-paise appreciation of the rupee to 95.80 against the US dollar, aided by improved global risk sentiment and expectations of Reserve Bank intervention. Dollar demand from importers, high crude prices and US dollar strength constrained gains. Lower crude prices and dollar weakness could support the rupee, while geopolitical escalation may create pressure. Market participants expected intervention if the currency weakened toward 96.
September 25, 2026
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Credit health assessment combines score, repayment history, utilisation, accounts and enquiries to support informed borrowing and profile monitoring.
Credit health is broader than a numerical credit score and encompasses the way credit has been managed over time. Credit analysis requires a combined review of the score, repayment history, credit accounts, credit utilisation, credit history and credit enquiries. A credit report may identify management of EMIs and credit-card dues, existing borrowing obligations, use of revolving credit relative to available limits, and recent lender checks associated with credit applications. Incorrect or unfamiliar entries may be reviewed and, where necessary, raised with the relevant lender or credit bureau.
September 25, 2026
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Fuel-price mitigation measures use tax reductions, targeted subsidies and energy-security policies to ease pressure on households and energy-intensive industries.
European fuel-price intervention combines targeted subsidies, fuel-tax reductions, temporary regulatory flexibilities and energy-security investment to moderate the economic effects of sharply higher gasoline and diesel prices caused by disrupted supplies. Member States have temporary discretion to grant state aid to households and energy-intensive sectors, including agriculture, transport and fishing, and limited flexibility under EU spending rules for investments that improve energy security and reduce dependence on imported fossil fuels.
September 25, 2026
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AI management certification anchors responsible lifecycle governance, transparency, accountability, security, and human oversight for agentic loyalty systems.
ISO/IEC 42001:2023 certification applies to an Artificial Intelligence Management System governing AI development, deployment, oversight and continual improvement within the GRAVTY platform. The framework supports AI-related risk management, responsible governance, transparency, accountability, security and human oversight throughout the AI lifecycle. Its scope includes supervised and unsupervised learning models and large language models supporting personalised engagement, fraud management, loyalty intelligence, autonomous decision-making, operational automation and workflow support.
September 25, 2026
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Digital warehousing controls propose electronic tracking, secure transport, monthly returns, and risk-based compliance verification for warehoused goods.
Draft Warehousing Operations Regulations, 2026 would require public and private warehouse licensees to use the electronic portal and a digital warehouse management system for receipt, storage, transfers, removals and accounting of warehoused goods. Transport would generally require a one-time-lock and transit-risk insurance, subject to specified exemptions. Licensees would verify locks and goods, report discrepancies, maintain auditable electronic records, submit monthly returns, and permit removals for home consumption or export only upon electronic clearance orders. Non-confirmation, discrepancies and contraventions would trigger information demands, risk-based verification and action under the Customs Act.
September 25, 2026
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Technology risk governance requires banks to retain accountability, test resilience, and govern artificial intelligence before scaling financial services.
Technology risk governance must treat technology architecture as a first-order enterprise risk, alongside conventional financial risks, because the availability and integrity of core banking, payments, onboarding, credit, fraud-monitoring and reporting systems determine whether customers can access essential financial services. Banks may outsource technology functions but retain accountability for access controls, concentration, recoverability, data protection and exit options. Effective resilience requires secure architecture, asset visibility, timely remediation of vulnerabilities and legacy systems, identity and access management, effective controls, third-party oversight, post-incident learning, and regular recovery testing.
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.

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Merck India hosts 6th Merck-Tagore Award: Honours Professor Dr. Lars-Christian Koch for Promoting Intercultural Exchange between India and Germany

February 10, 2026

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MUMBAI, India, Feb. 10, 2026 /PRNewswire/ -- Merck, a leading science and technology company, in collaboration with Goethe-Institut / Max Mueller Bhavan India, the official cultural institute of the Federal Republic of Germany, presented Professor Dr. Lars-Christian Koch with the prestigious sixth Merck-Tagore Award during a celebratory event held at the Royal Opera House in Mumbai. Prof. Dr. Simon Thelen, Vice Chairman of the Family Board and of the Board of Partners of E. Merck KG, handed over the award to Professor Dr. Lars-Christian Koch, an ethnomusicologist, for his outstanding contribution to intercultural exchange between India and Germany, with a particular focus on the life, music, and legacy of Rabindranath Tagore. The jury of the sixth edition of the Merck-Tagore Award consisted of Christoph Hallier, Consul General of the Federal Republic of Germany in Mumbai; Bjorn Ketels, Director, Goethe-Institut /Max Mueller Bhavan Mumbai; Pratima Reddy, Country Speaker, Merck India and Managing Director, Merck Healthcare in India, and Dr. Martin Kämpchen, the first recipient of the Merck-Tagore Award. Addressing the crowd, Bjorn Ketels, Director, Goethe-Institut /Max Mueller Bhavan Mumbai, said, "The Merck-Tagore Award represents a long-standing partnership between Merck and the Goethe-Institut, grounded in a shared commitment to fostering meaningful intercultural dialogue. Professor Dr. Lars-Christian Koch's body of work exemplifies scholarly depth, attentive listening, and a deep respect for cultural memory. Through his sustained engagement with sound, music, and research, he has created bridges across geographies and disciplines, making his contribution to Indo-German cultural exchange both enduring and deeply relevant." During his acceptance remarks, Professor Dr. Lars-Christian Koch reflected on Rabindranath Tagore's enduring influence, noting that the importance of Tagore "remains anchored in life," and emphasizing that while his own academic and curatorial work has become increasingly global, Tagore's ideas continue to shape his intellectual and cultural engagement. Pratima Reddy, Country Speaker, Merck India, added, "At Merck, we believe that meaningful progress is driven by open exchange across cultures and disciplines. The Merck-Tagore Award reflects this belief by recognising outstanding contributions in the humanities that strengthen intercultural understanding. It is our privilege to honour Professor Dr. Lars-Christian Koch for his deep and sustained engagement with India, and for his significant scholarly work on Rabindranath Tagore's musical and cultural legacy, which continues to foster dialogue between India and Germany." About Professor Dr. Lars-Christian Koch, Winner of the Merck-Tagore Award 2025 Professor Dr. Lars-Christian Koch is an internationally renowned ethnomusicologist whose work has significantly strengthened cultural and academic exchange between India and Germany. His engagement with India, and particularly with Rabindranath Tagore, spans several decades. He was associated with the Tagore Institute in Bonn, founded by musicologist Dr. Trina Purohit-Roy, and later pursued studies in Santiniketan, West Bengal- Tagore's place of residence, with a special interest in the songs of the Indian poet. Professor Koch completed his doctoral dissertation at the University of Bonn in 1994 on classical North Indian music, comparing it with the theory of affects in European philosophy. His habilitation in ethnomusicology at the University of Cologne in 2002 marked a return to Tagore's work and resulted in the publication 'Die Lieder Rabindranath Tagores zwischen Tradition und Moderne' (LIT Verlag, Berlin/Münster, 2012). His ethnomusicological research has taken him extensively to India and South Korea, with academic interests spanning North Indian music, instrumental studies, audiovisual media, and music archaeology. He has curated numerous exhibitions and authored a wide range of scholarly essays and books. Professor Koch is an adjunct professor of ethnomusicology at the University of Cologne, an honorary professor at the Berlin University of the Arts and honorary professor at the Humboldt University Berlin. He holds guest professorships at the University of Chicago and the University Vienna. Since 2018, he has served as Director of the Ethnologisches Museum and the Museum für Asiatische Kunst at Berlin's Humboldt Forum. About the Merck-Tagore Award The Merck-Tagore Award, sponsored by Merck India and granted by the Goethe-Institut / Max Mueller Bhavan India, was introduced in 2012 to honour the life and work of Rabindranath Tagore. This award is one of four literary prizes sponsored and promoted by Merck on a global basis. It is granted to writers and scholars who have made a special contribution to cultural exchange between Germany and India. Merck has a historical connection with Rabindranath Tagore. Within the Merck family, Elisabeth Wolff-Merck took on the task of translating Tagore's theatrical piece 'Chitra' from English into German. Her husband, Kurt Wolff, played a pivotal role in publishing Tagore's works in Germany, contributing significantly to the poet's recognition and acclaim in this country. About Goethe-Institut The Goethe-Institut (known in India as Goethe-Institut / Max Mueller Bhavan) is the Federal Republic of Germany's cultural institute, active worldwide. It promotes the study of German abroad and encourages international cultural exchange. The Goethe-Institut / Max Mueller Bhavan's main areas of interest are determined in consultation with its Indian cooperation partners from the fields of art, science and media, from NGOs and select companies, with whom it jointly develops appropriate programmes and projects. The Institute's activities range from film screenings, exhibitions, theatre performances and concerts to workshops and conferences particularly on innovative topics such as digital, AI and media art. The Institute also initiates and organises contacts and research/residency tours for Indian artists, scientists and journalists who wish to go to Germany, thereby supporting them as promoters of culture and paving the way for deeper international and cultural cooperation. About Merck Merck, a leading science and technology company, operates across life science, healthcare and electronics. More than 62,000 employees work to make a positive difference to millions of people's lives every day by creating more joyful and sustainable ways to live. From providing products and services that accelerate drug development and manufacturing as well as discovering unique ways to treat the most challenging diseases to enabling the intelligence of devices – the company is everywhere. In 2024, Merck generated sales of € 21.2 billion in 65 countries. Scientific exploration and responsible entrepreneurship have been key to Merck's technological and scientific advances. This is how Merck has thrived since its founding in 1668. The founding family remains the majority owner of the publicly listed company. Merck holds the global rights to the Merck name and brand. The only exceptions are the United States and Canada, where the business sectors of Merck operate as MilliporeSigma in life science, EMD Serono in healthcare, and EMD Electronics in electronics. All Merck press releases are distributed by e-mail at the same time they become available on the Merck website. Please go to www.merckgroup.com/subscribe to register online, change your selection or discontinue this service. Photo: https://mma.prnewswire.com/media/2890780/Merck_Tagore_Award.jpg' alt='Embedded Media' /> (Disclaimer: The above press release comes to you under an arrangement with PRNewswire and PTI takes no editorial responsibility for the same.). PTI

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