MERCHANT SHIPPING ACT 2025
Jharkhand DGP appointment violates apex court directions: Centre in Supreme Court
The central government has filed a petition in the Supreme Court questioning the recent appointment of Tadasha Mishra as DGP of Jharkhand, citing breaches of guidelines set in the Prakash Singh judgment. The petition also challenges the validity of the 2025 regulation under which the appointment was made, and raises concerns about the previous appointment of Anurag Gupta. A three-judge bench will review the Centre's petition shortly.
Russia grateful to India for its readiness to help resolve Ukraine conflict: Kremlin
India has put forward a significant plan aimed at addressing the ongoing conflict in Ukraine, receiving praise from Russia. Kremlin spokesperson Dmitry Peskov acknowledged the importance of India's initiative, highlighting the harmonious relationship between the two nations. Ukrainian Foreign Minister Andrii Sybiha noted that India's proposal stands out as the most extensive in comparison to other countries' offers.
A global job spinner for Indians is now turning into a death trap
India has emerged as the world’s second-largest supplier of seafarers, but its growing presence aboard global merchant ships has also left more Indians exposed to wars, piracy and unsafe working conditions. Recent attacks in the Black Sea and off Oman have put the spotlight on how India is trying to protect its maritime workforce through tighter regulation, repatriation efforts, real-time tracking and international cooperation.
Who is Zach Yadegari? US entrepreneur was once rejected by Harvard, Yale, Stanford, built $30 million startup, sold gaming app for $100,000
Zach Yadegari is a young American entrepreneur. He gained widespread attraction for building multimillion businesses before turning 20. He once revealed that he was rejected by top universities like Harvard, Yale, and Stanford. He said in an X post in 2025 that despite his excellent academic record and multimillion-dollar business, he was rejected by top institutes.
India, EU launch industry coalition for green shipping corridor
India and the European Union launched an industry coalition for a green shipping corridor to bring companies together to develop cleaner maritime trade routes and accelerate the shift to low-emission fuels. India also plans to raise renewable energy use at major ports above 60% by 2030 and over 90% by 2047.
India-bound sunflower oil cargoes face cancellation, delays as war disrupts Russian shipments
The Russia-Ukraine conflict has also delayed about 60,000 tons of sunflower oil bound for India, prompting Indian buyers to step up palm oil purchases ahead of the festival season, trade sources said.
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Do you have to pay tax in India or abroad? Why your residential status is important factor
Individuals earning income abroad must understand their tax residency status according to the Income Tax Act. The Act outlines conditions based on the duration of stay in India for tax purposes. Tax residency rules will apply to financial years beginning from April 1, 2026. Any individual’s residential status requires separate analysis for financial years crossing different tax regimes.
Ships take long way around as drought snarls Panama Canal
The month of August and September witnessed an impressive 70% rise in maritime traffic transiting the Strait of Magellan. This surge is primarily due to restrictions in the drought-stricken Panama Canal, prompting shipping companies to seek alternative routes.
The day the fault lines cracked: October 7’s aftershocks travelled from Israel and Gaza to Iran, Red Sea and $100 oil
It started at the Gaza border. Then came Hezbollah, Houthi attacks, rerouted ships, an Israel-Iran war, American strikes and an oil shock. Three years after October 7, the Middle East’s fault lines have cracked open far beyond where the first shots were fired.
MEA condemns Black Sea attack that killed two seafarers, expresses grave concern over strikes on commercial shipping
India has condemned the attack on the commercial vessel MV ROYAD MAMMADOV that resulted in two fatalities. All three Indian nationals aboard the ship have been reported safe, with one receiving medical attention. The Ministry of External Affairs emphasized the need for dialogue to resolve ongoing conflicts affecting commercial shipping. Indian authorities are in close contact with Romanian officials to support the injured crew members.
Indian Navy to get 43,500-tonne ‘Surya’ ship as Rajnath Singh lays keel at HSL in Visakhapatnam
Defence Minister Rajnath Singh on Tuesday inaugurated major shipbuilding and maritime infrastructure projects at Hindustan Shipyard Limited in Visakhapatnam. He launched the Indian Navy’s first Fleet Support Ship, ‘Surya’, laid the keel for FSS-5 and inaugurated an upgraded slipway and 300-tonne Goliath crane capable of supporting construction of vessels up to 45,000 DWT.
UPI MDR spurs soundbox expansion beyond metros
The industry has scope to increase soundbox deployments from about two crore to five crore over time, a top official at the National Payments Corporation of India (NPCI) said, requesting anonymity.
Diwali gifting gets pricier as pistachio, almond rates surge on US-Iran war, higher freight and weak rupee
Prices for nuts and dry fruits have increased significantly this festive season due to supply issues. Sourcing challenges from key suppliers like Iran and Afghanistan have caused price surges. Additionally, rising freight costs and a weaker rupee have further impacted import charges for these products. Festive demand is expected to maintain upward pressure on prices in the coming weeks.
Dibrugarh sends first international cargo from Bogibeel to Bangladesh since Independence
A momentous occasion unfolded as the cargo vessel 'DLB Patkai' set sail from Bogibeel Terminal in Dibrugarh, heading to Dhaka. This significant shipment is the first direct trade from Upper Assam to an international market since Independence. Carrying methanol from Namrup, the vessel will embark on a 1,300 km journey to Bangladesh.
IPO-bound Razorpay partners with OpenAI to help Indian brands advertise on ChatGPT
Under the partnership, Razorpay Engage, the company's customer engagement and marketing platform, will help brands prepare product catalogues, structure feeds, launch campaigns and track their performance on ChatGPT Ads.
UPI MDR: 0.4% charge raises questions over MSME margins, cash flows and digital credit
Industry representatives say merchant size, margins, and the nature of goods should determine the merchant discount rate (MDR), while fintechs flag risks to working capital and digital credit trails.
SCI to help India achieve ambition of becoming top shipping nation: Sonowal
India's Union Minister Sarbananda Sonowal emphasized the importance of domestic shipbuilding at the Shipping Corporation of India's anniversary. The company is expected to see its Profit After Tax surpass Rs 2,000 crore this fiscal year. Sonowal called on SCI to play a key role in achieving the national goal of self-reliant shipbuilding by 2047.
'Only 2 left!’, ‘FREE SHIPPING above ₹999!' Simple tips to avoid these shopping traps during festive season sales
Bala had saved ₹2,000 for headphones. He spotted a pair at 40% off, but the prompt, ‘Only 2 left!’ and ‘Add ₹500 more for FREE shipping!’ nudged him into adding a phone cover and a notebook. He ended up spending more than he had planned. During festive sales, around Dussehra and Diwali, such offers can push us to buy faster, spend more or buy things we don’t really need.
Explainer: Who are the Houthis, Iran's allies in Yemen?
Yemen's Saudi-backed government has initiated a military counteroffensive against the Iran-backed Houthis, seeking to recover lost territory. The renewed warfare has increased tensions in the region, jeopardizing Red Sea shipping routes and disrupting energy exports. The Houthis have previously demonstrated their missile and drone capabilities, impacting global trade and regional stability. The conflict, which has caused significant humanitarian crises, has recently escalated after a period of relative peace.
UPI volume rises 27% to touch 145 billion in first half of FY27
This is against UPI volume 114 billion in during the April-September quarter of the previous financial year, according to data released by the National Payments Corporation of India (NPCI).
The nickel still costs more to make than its face value; the U.S. Mint shipped about 600 million in 2025 at 13.31 cents each
For the past twenty years, the production of nickels has been unprofitable, with costs surpassing their actual value. Increasing metal prices have intensified these production challenges. The U.S. Mint continues to manufacture nickels to meet the ongoing demand from different industries, despite the losses incurred. Although alternative materials have been investigated, none have proven effective so far. To sustain economic stability, the Mint manages its coin circulation program holistically.
Your UPI payment just got a price tag: what it means for GST-registered taxpayers
NPCI, which manages UPI, has brought in a merchant discount rate of 0.4% on certain person-to-merchant UPI payments above Rs 2,000.
EaseMyTrip joins Apple Pay India launch to offer faster, seamless booking payments
EaseMyTrip has announced its partnership with Apple Pay to improve the payment process for its users. This collaboration aims to provide faster and more secure payment options during travel bookings. Customers can now complete their bookings without repeatedly entering payment details, enhancing convenience. Apple Pay officially launched in India recently, marking a significant development for online payments.
Oil Price Today (October 1): Crude oil at $98 as investors assess supply recovery, peace deal talks. What are analysts saying?
Brent crude was trading near $98 a barrel after touching $104 during Wednesday’s intraday trade. West Texas Intermediate (WTI) for November delivery fell 0.4% to $90.07 a barrel on Thursday, following a 1.2% gain in the previous session
Japan hikes visa renewal and permanent residency fees from October 1
Japan is sharply increasing fees for visa renewals, changes to residence status and permanent residency applications from October 1, with the maximum permanent residency fee rising from 10,000 yen to 200,000 yen. The changes come as Japan’s foreign resident and worker populations reach record levels and the country prepares to introduce an electronic travel-authorisation system in fiscal 2028.
4,500+ Indian seafarers in Persian Gulf under close watch amid rising maritime threats: MEA
India is currently overseeing the well-being of more than 4,500 Indian seafarers operating in the Persian Gulf. Of this number, 163 seafarers are on board 12 commercial vessels, which include both Indian and foreign ships. The Ministry of External Affairs is coordinating with local stakeholders to ensure their safety and welfare. Recent maritime threats have raised international concerns regarding shipping safety in the region.
Apple Pay India launched: How to set up payments, supported banks and cards, features and how it differs from UPI
Apple pay india launch: Apple has officially launched Apple Pay in India. This contactless payment service allows for easy and secure transactions at various merchants across the country. Users can add their cards to the Apple Wallet through the Axis Bank app or the Wallet app. Apple Pay is designed to enhance security through tokenisation and device-level protections.
Apple Pay launches in India with Axis Bank credit cards
Apple Pay initially supports Visa and Mastercard credit cards issued by Axis Bank. Other large card issuers, including HDFC Bank, ICICI Bank and SBI Card, are currently not live on the service.
Apple Pay comes to India with Axis Bank Visa, Mastercard credit cards
Apple Pay has officially launched in India, allowing users to make contactless payments using Axis Bank credit cards. Users can add their Visa and Mastercard credit cards to Apple Pay to facilitate these payments. The service provides a secure and private method for transactions without requiring PINs or OTPs. This launch marks a significant expansion in digital payment options available to Indian consumers.
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