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September 12, 2026
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Consensus-based multilateral cooperation urges West Asia diplomacy, civilian protection, counterterrorism coordination, and WTO-consistent trade without unilateral restrictions.
The consensus New Delhi Declaration calls for maximum restraint in West Asia, civilian protection, and dialogue and diplomacy for lasting regional peace. It urges cooperation to maintain global trade, supply chains and energy flows under applicable international law. It also commits members to zero tolerance for terrorism, including cross-border terrorism, terrorism financing and safe havens, while rejecting double standards. Unilateral tariff and non-tariff measures, indiscriminate tariff increases, and environmental protectionism are criticised where inconsistent with WTO rules or trade-distorting.
September 12, 2026
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Multilateral trade governance faces calls for restored binding dispute settlement, opposition to unilateral tariffs and sanctions, and financial institution reform.
BRICS supports a rules-based multilateral trading system and seeks restoration of an accessible, effective, fully functioning two-tier binding dispute-settlement mechanism, including prompt appointment of Appellate Body members. It opposes unilateral tariff and non-tariff measures, trade restrictions, and economic or secondary sanctions not authorised by the UN Security Council. It also seeks reform of International Monetary Fund and World Bank governance through greater representation, quota and shareholding realignment, and increased voting power for emerging markets and developing economies.
September 12, 2026
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Global financial governance reform seeks greater emerging-economy representation, alongside expanded development finance, liquidity support and payment cooperation.
BRICS finance ministers and central bank governors seek reform of global financial governance to increase emerging-market and developing-economy representation in the International Monetary Fund and World Bank. The agenda includes quota realignment, transparent leadership selection and correction of developing-country underrepresentation. Cooperation also supports expanded New Development Bank financing, local-currency lending, a multilateral guarantees mechanism, and a more flexible Contingent Reserve Arrangement for liquidity support during balance-of-payments pressures.
September 12, 2026
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Cross-border supply-chain dependence shapes imports of industrial inputs, while foreign investment screening remains stricter for land-border linked entities.
India-China trade reflects a widening deficit driven by imports of industrial raw materials, intermediate goods and capital goods used in manufacturing. Dependence is concentrated in electronics, machinery, computers, organic chemicals, electronic components, batteries, solar modules, active pharmaceutical ingredients and specialty chemicals. Foreign direct investment norms are relaxed for certain companies outside land-border countries where beneficial ownership from such countries remains below the specified threshold and non-controlling. Entities registered in China, Hong Kong and other land-border countries remain excluded from that relaxation.
September 12, 2026
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Temporary debit holds for suspected money-mule and cyber-fraud accounts are proposed through a standardised banking procedure.
Draft Reserve Bank of India (Know Your Customer) Amendment Directions, 2026 propose a Standard Operating Procedure for banks to place temporary debit holds on amounts or accounts linked to money-mule activity and cyber-enabled financial fraud. The consolidated draft applies to commercial banks, including small finance banks, payments banks, regional rural banks and local area banks, and to urban cooperative banks. Feedback may be submitted through the Reserve Bank's Connect 2 Regulate portal or by email before final directions are issued separately.
September 11, 2026
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Municipal salary arrears and GST grant demands prompted temporary strike suspension after payment and committee assurances.
Municipal employees temporarily suspended their strike after the administration committed to pay two months' pending salaries by September 15 and arrange clearance of remaining salary arrears within 30 days. The employees had sought payment of salary arrears, increased GST grants to the civic body, and release of the outstanding difference in GST grants. A committee is to pursue the pending GST grant proposals at the government level.
September 11, 2026
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Aadhaar-linked OTP information enabled tracing of a missing adult while investigation continued to locate the minor companion.
Aadhaar-linked OTP information assisted investigators in tracing an adult student missing for more than seven months. A recent Aadhaar-based transaction recorded her husband's mobile number for OTP receipt, allowing police to trace the number and locate her. The CID had assumed investigation pursuant to a High Court order on a habeas corpus petition. The student was produced before the High Court, while tracing efforts continued for her minor companion, who remained missing.
September 11, 2026
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Inflation risks from oil shocks support proposed policy-rate tightening to prevent broader consumer-price pressures before they become entrenched.
Monetary policy tightening is advocated to counter persistent external shocks, elevated crude oil prices, and expanding inflationary pressures. The proposed response is based on the risk that sustained high oil prices may raise consumer-price inflation and entrench inflation before a complete cost pass-through occurs. Banking-system liquidity has increased through foreign currency deposit inflows, but anticipated strong credit demand is expected to absorb the surplus and normalise liquidity by the end of the financial year.
September 11, 2026
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Money-laundering investigation prompts competing demands for a police case and allegations of political misuse by investigators.
Enforcement Directorate action in the CMRL-linked matter prompted a request for registration of an FIR based on material recovered during investigation and searches under the Prevention of Money Laundering Act. BJP representatives asserted that the material warranted investigation under the Prevention of Corruption Act and alleged delay in acting on it. CPI(M) representatives disputed the investigation's neutrality, alleging coercive collection of statements and political misuse of investigative processes. The reported allegations and counter-allegations concern initiation and conduct of a criminal investigation.
September 11, 2026
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India-UK free trade agreement drives northern England delegation to develop trade links, investment pipelines, and long-term India partnerships.
India-UK Comprehensive Economic and Trade Agreement implementation is being leveraged through a strategic partnership supporting the Great North Mayor Mission to India. The mission is intended to convert free-trade opportunities into investment, commercial engagement, employment and sustained business relationships. Northern England's regions will combine collective engagement with region-specific market strategies, relationship-building and operational programmes focused on their respective economic strengths.
September 11, 2026
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Rupee depreciation reflects risk aversion and elevated crude prices, while central-bank support may cushion lower-level pressure.
Rupee depreciation against the US dollar continued amid global risk aversion, elevated crude oil prices, higher bond yields and weak domestic sentiment. Lower crude prices, recovery in domestic equities and suspected Reserve Bank of India intervention supported a partial intraday recovery. Foreign-exchange conditions were also influenced by dollar strength, inflation concerns, anticipated US data, domestic equity declines and net foreign institutional equity sales. India's foreign-exchange reserves rose sharply to a record level despite continuing currency-market volatility.
September 11, 2026
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Trade barrier reduction within BRICS is linked to startup expansion, business partnerships, digital cooperation, and secure maritime commerce.
BRICS economic cooperation is advanced through proposed removal of major trade barriers, expanded cross-border investment and business ties, and measurable annual targets for startup expansion and commercial partnerships. Secure sea lanes, open supply routes, freedom of navigation and seafarer safety are treated as necessary for global trade and supply-chain continuity. Infrastructure, strategic technologies, startup innovation and digital public infrastructure are identified as platforms for deeper cooperation, supported by incubator, MSME, startup, agriculture, health care, skills and smart-grid networks.
September 11, 2026
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Five-day banking week demand prompts nationwide union strike, disrupting public-sector banking operations and escalating action over unresolved pension issues.
Nationwide bank employee strike action disrupted cash deposits, withdrawals, cheque clearances and administrative work, principally at public sector bank branches. The principal demand is implementation of a five-day banking week by declaring all Saturdays as holidays. This demand is linked to the 12th Bipartite Settlement but remains pending government notification. Other unresolved demands concern pension updation, a uniform dearness allowance formula for pensioners, and an option for National Pension System employees to shift to the Old Pension Scheme.
September 11, 2026
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Foreign exchange compliance investigation examines alleged overseas shareholdings, unauthorised cash investments, and contractor-bribery evidence linked to public works tenders.
Foreign Exchange Management Act investigation into alleged undisclosed overseas investments led to searches of premises connected with a Karnataka public works minister, family members, associates and a private company. The investigation alleges foreign shareholdings, cash investments in a Congo-based entity through unauthorised channels, and bribe payments connected with a public works tender and foreign asset acquisition. Cash, foreign currency, digital devices and records relating to foreign entities and alleged contractor-bribery collections were seized.
September 11, 2026
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Asset restoration under anti-money-laundering law does not itself terminate criminal prosecution or excuse evasion of legal process.
Money-laundering prosecution is not rendered infructuous merely because claimant banks recover debts from attached assets restored to them. Restoration under the Prevention of Money Laundering Act enables legitimate claimants to recover losses but does not cancel or require discontinuance of criminal proceedings concerning alleged laundering and misappropriation of bank-loan funds. The Enforcement Directorate also maintains that failure to respond to summons and submit to criminal-court jurisdiction remains material to the proceedings.
September 11, 2026
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Central bank digital currency development should support tokenised settlement while cybersecurity safeguards address AI-driven systemic risks.
Central bank digital currency development was urged to be advanced through wholesale and retail pilots, with stronger digital rupee capabilities supporting tokenisation. A tokenised corporate bond pilot showed that the digital rupee can enable simultaneous transfer of asset and payment legs, permitting settlement on the payment date. Tokenisation may reduce intermediaries and accelerate transfers, but requires systemic-risk and cybersecurity safeguards because errors, fraud and market shocks may spread faster. AI can improve fraud detection while also enabling sophisticated automated cyberattacks.
September 11, 2026
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Five-day banking workweek demand drives nationwide employee protest over delayed implementation and performance-linked incentive concerns.
Bank employees and officers supported a nationwide strike seeking implementation of a five-day banking system following delay in acting on an agreement between banking unions and the Indian Banks' Association. The proposed arrangement contemplated Saturday holidays with increased daily working hours to preserve customer-facing banking hours. Union representatives also objected to a unilateral and discriminatory Performance Linked Incentive scheme and sought bilateral discussions to resolve pending workweek, incentive, and other banking-sector issues.
September 11, 2026
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UPI-native credit infrastructure enables pre-approved credit lines, issuance management, interoperable payments and financing across digital commerce.
Credit Line on UPI (CLOU) enables banks to offer pre-approved, risk-graded credit facilities directly through a customer's UPI ID for merchant transactions. The platform consolidates customer eligibility assessment, credit-line creation, digital consent and activation, transaction processing, risk controls, billing, payments and collections. PhiAMS supports the credit lifecycle from origination and product configuration to limit management, authorisation, billing, collections, risk management and customer servicing.
September 11, 2026
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BRICS trade cooperation highlights export growth and addresses non-tariff barriers, value chains, agriculture, services and digital economy.
BRICS trade cooperation is marked by reported growth in member-country exports and a near doubling of BRICS nations' share of global exports. Business-forum discussions address non-tariff barriers affecting global value chains, agriculture and agri-technologies, services trade, women-led enterprises and the digital economy.
September 11, 2026
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Foreign exchange reserve accumulation through concessional forex swaps strengthened foreign currency assets while gold reserves and special drawing rights declined.
India's foreign exchange reserves increased by USD 44.903 billion to USD 785.706 billion in the week ended September 4, following an increase in the preceding reporting week. Reserve accumulation resumed after concessional forex swap initiatives announced amid local-currency depreciation. Foreign currency assets rose to USD 648.168 billion, including valuation effects from non-US currencies. Gold reserves and special drawing rights declined, while the reserve position with the International Monetary Fund increased marginally.

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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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