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September 16, 2026
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RCMC exemption for eligible small-value exports reduces upfront registration requirements while preserving compliance for larger consignments.
RCMC or Certificate of Registration is not required, wherever otherwise mandated under the Foreign Trade Policy, 2023, for export consignments with a Free-on-Board value of up to Rs. 3 lakh. Export consignments exceeding that threshold continue to require a valid RCMC or Certificate of Registration wherever applicable. The exemption reduces the initial registration burden for MSMEs, artisans, small businesses, first-time exporters and occasional exporters undertaking eligible small-value exports, including through Postal, Courier, e-commerce and other emerging channels.
September 16, 2026
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Methamphetamine trafficking enforcement enabled coordinated vehicle interceptions, contraband seizures, and arrests under narcotic drug control law.
Intelligence-led narcotics enforcement led to the interception of four trucks in Assam and Tripura suspected of carrying methamphetamine tablets concealed in vehicle cabins. A total of 231.8 kg of suspected methamphetamine tablets, along with all four vehicles, was seized under the NDPS Act, and three persons were arrested. The action involved coordinated surveillance, interception and searches directed at an alleged drug-smuggling syndicate.
September 16, 2026
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Authorised Economic Operator programme advances trusted trade through risk-based customs facilitation, streamlined EMI documentation, and stakeholder-led reforms.
India's Authorised Economic Operator Programme promotes voluntary compliance, supply-chain security, risk-based customs administration and predictable cross-border movement of goods. Compliant trade and logistics entities may receive simplified customs procedures and risk-based facilitation. Proposed process reforms include uniform operating procedures, applicant checklists, single-deficiency processing, time-bound applications, clearer financial-solvency requirements, and strengthened client relationship and validation arrangements. Documentation under the Eligible Manufacturer Importer Scheme has been reduced, supporting lower compliance burdens and a pathway towards higher AEO tiers.
September 16, 2026
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Fraudulent procurement of a second passport allegedly involved false identity records, a false loss report, and overseas travel.
Alleged fraudulent procurement of a second passport arose after a passport had been surrendered in money-laundering-related proceedings. Authorities allege that the individual falsely reported the passport as lost and obtained another passport through false information, including an incorrect address in identity documentation and supporting records. The second passport was allegedly used for international travel. Criminal proceedings concern alleged forged documents, false representations and passport-related offences under the Bharatiya Nyaya Sanhita and the Passports Act.
September 16, 2026
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Rupee depreciation reflected dollar strength, foreign outflows, elevated oil prices, and importer demand despite stronger domestic equities.
Foreign-exchange market conditions resulted in the rupee weakening for a seventh consecutive session and closing lower against the US dollar. Dollar strength, foreign fund outflows, elevated crude oil prices, higher US Treasury yields and increased importer demand for dollars exerted pressure on the currency. Positive domestic equity-market performance limited the downside, while expectations of a US Federal Reserve interest-rate increase supported the dollar index.
September 16, 2026
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Multi-currency prepaid travel cards enable foreign-exchange spending, exchange-rate locking, and mobile-based controls for Indian international travellers.
Wizzmoni Financial Services Ltd. and City Union Bank Ltd. have partnered to launch Wizz Voyager, a co-branded AI-powered multi-currency prepaid travel card for Indian residents undertaking international travel. The card supports 37 international currencies and provides real-time exchange-rate locking, spending controls, transaction tracking and mobile-app-based management. It is designed to facilitate foreign-exchange spending and management of multiple currencies through a single payment instrument.
September 16, 2026
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Non-executive nominee directorship strengthens lending governance, compliance, risk management and technology-led capability as the business scales responsibly.
Finnable has appointed Sreeram Ranganathan Iyer as a Non-Executive Nominee Director representing investor TVS Capital. The role is intended to strengthen board oversight as the non-banking financial company expands its lending operations. The identified priorities for sustainable growth include technology, compliance, governance, risk management, responsible lending, and data-driven underwriting. The nominee directorship reflects investor participation in governance and capability-building for a sustainable lending franchise.
September 16, 2026
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Money laundering investigation addresses alleged land grabbing through forged property records, fabricated claims, coercion, and denial of landowners' rights.
Money-laundering proceedings under the Prevention of Money Laundering Act concern alleged land grabbing through forged board resolutions, forged-sale agreements, fabricated deeds, and falsified property records. The alleged conduct includes manipulation of land records, civil proceedings based on false claims, denial of landowners' lawful entitlements, and threats or physical force against persons asserting legitimate rights. The investigation is linked to multiple police FIRs concerning the individual and associated entities.
September 16, 2026
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Trade performance estimates show merchandise and services exports increasing while imports rise, widening the cumulative trade deficit.
External trade estimates for April-August 2026-27 show combined merchandise and services exports of US$399.27 billion and imports of US$459.65 billion, with a trade deficit of US$60.38 billion. Merchandise exports reached US$215.91 billion, while services exports were estimated at US$183.36 billion. Non-petroleum exports increased to US$180.61 billion. Growth in August merchandise exports was driven by electronic goods, petroleum products, engineering goods, chemicals, and cotton yarn, fabrics, made-ups and handloom products. Services-sector figures for August were estimated using data available through July.
September 16, 2026
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Rupee depreciation amid dollar strength and foreign fund outflows highlights pressure from global monetary expectations and elevated oil prices.
Rupee depreciation against the US dollar in early trading reflected pressure from a stronger dollar and net foreign fund outflows, notwithstanding support from positive domestic equity-market performance. Dollar strength was associated with market expectations of a US Federal Reserve interest-rate increase to address inflation linked to higher oil prices. Elevated crude oil prices and risks to oil exports remained concerns, while domestic equity gains provided countervailing support.
September 16, 2026
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Fraudulent input tax credit through bogus invoices prompted arrest following allegations of invoicing without actual supply of goods.
The investigation concerned alleged fraudulent availment and passing on of inadmissible input tax credit through bogus invoices. Multiple suppliers were identified as non-existent, non-functional, suspended or cancelled, while field verification indicated an absence of genuine business activity at certain declared premises. Input tax credit was allegedly availed without receipt of goods and passed on through invoices without corresponding supplies. Statements recorded during investigation led to the arrest of a firm partner under the CGST Act.
September 16, 2026
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UPI merchant discount rate framework preserves free individual and small-merchant payments while charging specified larger merchant transactions.
UPI person-to-person transactions remain free irrespective of value, and person-to-merchant payments up to Rs.2,000 remain outside the merchant discount rate framework. Small merchants receiving qualifying UPI QR payments under the P2PM category continue to receive zero MDR treatment. MDR applies only to specified merchant payments above the threshold, with separate treatment for essential sectors and capital-market payments. Customers are not liable for MDR, merchants must not pass it on, and UPI application providers may not levy platform fees or hidden charges. MDR revenue supports payment ecosystem participants and small-merchant UPI adoption.
September 15, 2026
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Merchant discount rate on large-value UPI merchant payments supports infrastructure investment while preserving free user payments.
Merchant Discount Rate (MDR) of 0.4 per cent applies to large-value UPI person-to-merchant payments exceeding Rs 2,000 from October 15. MDR is a merchant payment ecosystem charge, not a fee payable by customers. Person-to-person UPI payments remain free for users, while person-to-merchant UPI payments below Rs 2,000 remain free for merchants. MDR distribution is intended to support payment technology, infrastructure, acceptance networks and sustained UPI growth.
September 15, 2026
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Special economic zone approval enables a silicon carbide semiconductor facility operating under an export-oriented technology investment framework.
Approval for a special economic zone-linked silicon carbide semiconductor manufacturing unit permits establishment of a facility under the jurisdiction of Falta Special Economic Zone. The unit is proposed to manufacture silicon carbide diodes and silicon carbide MOSFETs. Project financing combines government capital subsidies and promoter contribution, while the facility is projected to support export-oriented advanced semiconductor manufacturing, domestic capabilities, and technology-driven capital investment.
September 15, 2026
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Merchandise trade performance reflects strong export momentum, import-led deficit pressures, and expanded services trade during August.
Merchandise exports increased by 26.12 per cent year-on-year to USD 43.81 billion in August, led by electronics, engineering goods and petroleum products. Merchandise imports rose 14.1 per cent to USD 70.76 billion, driven by crude oil, project goods, electronic items, silver, coal and coke. Gold imports declined substantially, contributing to a five-month low merchandise trade deficit. During April-August 2026-27, higher imports reflected domestic economic expansion, energy requirements and manufacturing-sector input needs.
September 15, 2026
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Foreign exchange market pressures weakened the rupee as oil-import demand, risk aversion, dollar strength, and rising yields intensified.
Foreign exchange market pressures led to a sixth consecutive session of rupee depreciation against the US dollar. Higher Brent crude prices, dollar demand from oil importers, risk aversion, a stronger dollar and elevated global Treasury yields heightened concerns over inflation and India's external trade balance. Potential RBI intervention was viewed as a factor that could support the rupee at lower levels.
September 15, 2026
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Merchant discount rates for larger merchant UPI payments introduce category-based fees while preserving free consumer transfers.
Merchant discount rate framework introduces a 0.4 per cent charge on direct person-to-merchant UPI payments exceeding Rs 2,000, effective from 15 October 2026. The charge is capped at Rs 300 for higher-value payments and is payable by merchants to acquiring banks. Person-to-person transfers remain free regardless of value, and P2M payments up to Rs 2,000 remain outside the charge. App providers may not impose platform fees or hidden charges, and banks must prevent merchants from passing MDR costs to customers.
September 15, 2026
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Insolvency fraud enforcement targets collusive resolutions, coordinated predicate-offence investigations, accelerated money-laundering trials, and earlier victim asset restoration.
Enforcement priorities target suspected insolvency-resolution frauds involving collusive large haircuts, promoter reacquisition of assets, related-party claim inflation, creditor-process manipulation, asset stripping, and circumvention of resolution-applicant ineligibility. Coordination with police and other agencies is emphasised for predicate offences, including joint investigation teams and committal applications to enable combined trials of predicate and money-laundering offences. Asset restoration for legitimate victims is to be pursued early, especially in investor and homebuyer frauds.
September 15, 2026
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Export expansion and domestic manufacturing guide JCB India's strategy through broader equipment offerings, fuel efficiency, and operator comfort.
JCB India targets 15-20 per cent export growth during the current financial year and plans a similar increase in annual production. Its export operations cover approximately 135 countries, including Southeast Asia, Africa and developed markets. The company's construction and earthmoving equipment portfolio is designed, engineered and manufactured in India for domestic and international customers, with product development focused on fuel efficiency, operator ergonomics, comfort and productivity.
September 15, 2026
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Merchandise export growth driven by petroleum products coincided with lower gold imports and a narrowing trade deficit.
Merchandise exports increased sharply in August, led by petroleum product shipments, while imports also rose year-on-year. Reduced gold imports contributed to a narrower merchandise trade deficit. During the first five months of the fiscal year, the cumulative deficit widened as higher imports reflected domestic expansion, energy requirements and manufacturing-input demand. Energy commodities and electronic goods were principal contributors to the deficit, while export growth was supported by engineering goods, petroleum products, chemicals and textiles.

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VKDL NPA Advisory Council Chairman V. K. Dubey Felicitated by Uttar Pradesh Women Commission Chairperson Babita Singh Chauhan

September 21, 2026

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VKDL NPA Advisory Council Chairman V. K. Dubey Felicitated by Uttar Pradesh Women Commission Chairperson Babita Singh Chauhan during Vishwakarma Puja & Seva Sankalp Program organised on birthday of Prime Minister Narendra Modi Lucknow: A meeting of the State Legislature Pensioners' Association was held in the conference hall of the Vidhan Bhavan, Lucknow, presided over by Dr. C.P. Sharma with Babita Singh Chauhan, Chairperson of State Women's Commission attending as the chief guest. Distinguished guests who addressed the gathering included Chandra Bhushan Tripathi (IAS, MD of the Uttar Pradesh Cooperative Federation); BJP leader and Chairman of VKDL NPA Advisory Council Advocate Vinay Kumar Dubey, Dr. Suryakant; Govind Jangid (Jaipur); Ramakant Panchal (Ujjain); Shivam Singh (Ballia); and Manmohan Yadav. During the event, Babita Singh Chauhan, Chairperson of the Uttar Pradesh State Commission for Women specially honored Advocate V. K. Dubey in recognition of his continuous social work undertaken by him and his organisations specifically the provision of employment to thousands of women in state of Uttar Pradesh and efforts toward public welfare. In her address, the Chairperson emphasized the spirit of social welfare and the primacy of the nation, while commending the resolve shown towards women's welfare and public service. In his speech, Advocate V.K. Dubey invoked Lord Vishwakarma and called upon everyone to dedicate themselves to the nation through hard work, technology, and skill, aiming to establish India as a 'Vishwa Guru'. He praised Prime Minister Narendra Modi and Home Minister Amit Shah, lauding the government's schemes and highlighting how their benefits are reaching the masses. He spoke highly of work done in the state by Chief Minister Yogi Adityanath and explained the distinction between good governance and poor governance. Dubey stated that given the current pace of progress, the day is not far when India will become a global leader and a developed nation. He expressed confidence that the 'double-engine government' would remain committed to the state, ensuring the smooth implementation of various government projects in every village so that even the most marginalized individuals could reap the benefits; only then, he noted, could the goal of 'Antyodaya' (upliftment of the last person) be realized and a developed nation built. He pledged to serve and inspired the audience by raising the slogan "Bharat Mata Ki Jai." Advocate Dubey, a former member of the Official Language and Hindi Advisory Committees under the Government of India's Ministry of Skill Development and Ministry of Home Affairs, is renowned nationwide for his outstanding legal services and social work. He was specially honored for his remarkable contributions in the fields of banking, NPA resolution, legal awareness, and social service. The felicitation ceremony was the highlight of the event. Advocate Dubey was also accorded special honor. The audience present at the ceremony greeted him with thunderous applause.

Vinay Kumar Dubey (V. K. Dubey) is a distinguished legal expert based in Mumbai, Delhi, and Bengaluru renowned for his specialized expertise in civil, criminal, and NPA (Non-Performing Asset) advisory matters. He primarily represents clients in high-profile cases before the Bombay High Court and the Supreme Court. Beyond general legal practice, he holds a distinct reputation in banking and industrial legal matters; he serves as the Chairman of the VKDL NPA Advisory Council and also as CMD of NPA BAZAAR PRIVATE LIMITED, a company playing a pivotal role in resolving financial disputes. He has served as a member of the Government of India’s Hindi Advisory Committee and has been appointed as a Special Executive Officer by the Government of Maharashtra. He heads the prestigious law firm "V. K. Dubey Associates," which operates on the principle of "Justice for All" and specializes in resolving civil and criminal disputes. Additionally, he leads public service initiatives through various social organizations. His other law firms, VKDL Corporation LLP and United Legal, provides specialised services in banking, corporate, and settlement matters, collectively boasting over a decade of experience. Dubey has also established the Bharat International Business Orientation (BIBO Foundation) to connect with and resolve the issues of business communities both in India and abroad; furthermore, he plays an active role in the Brahmin Ekta Manch Charitable Trust and Gyanoday Seva Samiti, through which he engages in various social welfare activities. He serves as the National Legal Head for the Prime Minister’s Atmanirbhar Bharat Abhiyan organization and is recognized as an active grassroots social worker associated with the Bharatiya Janata Party (BJP). He is continuously dedicated to causes such as cow protection, assisting the underprivileged, promoting education, and fostering social upliftment. He conducts education and support programs for underprivileged sections of society through the Kumari Mamata Devi Charitable Trust and the Gyanoday Seva Samiti. In 2024 and 2026, he was honored with prestigious international and national awards for his outstanding contributions to the legal and social sectors; these include a special honor at the 2nd International Bar & Bench Badminton Championship held in London and the "Popular Civilian Icon of India Award." His primary objective is to ensure that justice reaches the most marginalized individuals in society through legal aid, social empowerment, and public awareness initiatives. He effectively integrates his social work in Pratapgarh, Uttar Pradesh, with his professional activities based in Delhi, Mumbai and Bengaluru.

At the event, Lord Vishwakarma was venerated, and Prime Minister Narendra Modi was hailed as a national hero by attendees including Hari Prakash Agarwal, Dr. Rupali Rathore, Pooja Upadhyay, Nidhi Rastogi, Anita, Chitra Dixit, Premchandra, Santosh Pal, Madhu Krishna, Purushottam Lal, Soni, Jagdish, Pratap Narayan Dwivedi, Meena, Shiv Ram Mishra, Rajesh Prakash, Ram Bihari Mishra, Shweta Soni, Sanjay Vishwakarma, Gulvinder, Umesh Shukla, Gajendra Singh, Sevak Ram, Dinesh Chandra Awasthi, K.D. Tripathi, Vinay, Shivam Singh, and journalists Chandra Kishore Sharma and Ramkumar Sharma.

Babita Singh, Chairperson of the Uttar Pradesh State Women's Commission, stated that national hero Narendra Modi has undertaken historic work to make women self-reliant and has elevated the country to the pinnacle of the global stage.

Guest of Honour Chandra Bhushan Tripathi remarked that Lord Vishwakarma is the creator of the universe, revered across all faiths, and stands as an unparalleled example of the resolve to serve. The Chief Guest felicitated Ashish—son of President Dr. C.P. Sharma who for qualifying for the NEET exam and securing admission to medical college.

Prior to the meeting, a community feast was organized, courtesy of Shivam Singh. Finally, the founder, Dr. Dinesh Chandra Awasthi, expressed his gratitude to everyone present.

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

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