Draft note favours rupee payments for SEZ services provided domestically

Economic Times - Sep 18, 2026

The current provision under Section 2(z) of the Act mandates that proceeds from SEZ-to-DTA supplies of services must be realised in foreign exchange, although there is no such requirement for the supply of goods to DTA entities.

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Bali for a month: Indian man stopped sightseeing & spent 30 days doing this, which made him say, 'It was hard to call that a vacation'
Sep 18, 2026
Bali for a month: Indian man stopped sightseeing & spent 30 days doing this, which made him say, 'It was hard to call that a vacation'

Bali travel experience: An Indian man’s account of a two-month trip to Bali has sparked an online conversation. He spent one month exploring villages across the island and another month living by the beach. His relaxed beachside routine included daily walks, yoga sessions and massages. The experience offered a glimpse into a slower approach to travel and taking a break from everyday life. The story also prompted discussions about longer trips and slow travel.

Karnataka HC dismisses Genpact's plea against ED seizure of Gurugram office
Sep 18, 2026
Karnataka HC dismisses Genpact's plea against ED seizure of Gurugram office

The ED alleges that the resulting entity repaid about Rs 7,800 crore, including principal and interest, to Genpact Luxembourg between 2018 and 2023 from the reserves of the Indian business. It has claimed that the transactions amounted to round-tripping and violated Section 4 of FEMA, which restricts Indian residents from holding foreign exchange, securities or assets outside India.

Karnataka HC dismisses Genpact's plea against ED seizure of Gurugram office
Sep 18, 2026
Karnataka HC dismisses Genpact's plea against ED seizure of Gurugram office

The ED alleges that the resulting entity repaid about Rs 7,800 crore, including principal and interest, to Genpact Luxembourg between 2018 and 2023 from the reserves of the Indian business. It has claimed that the transactions amounted to round-tripping and violated Section 4 of FEMA, which restricts Indian residents from holding foreign exchange, securities or assets outside India.

Quote of the Day by Audrey Hepburn: "The beauty of a woman is not in the clothes she wears, the figure that she carries, or the way she combs her hair. The beauty of a woman is seen..."
Sep 18, 2026
Quote of the Day by Audrey Hepburn: "The beauty of a woman is not in the clothes she wears, the figure that she carries, or the way she combs her hair. The beauty of a woman is seen..."

The quote of the day by Audrey Hepburn "The beauty of a woman is not in the clothes she wears, the figure that she carries, or the way she combs her hair. The beauty of a woman is seen in her eyes, because that is the doorway to her heart, the place where love resides" offers a timeless perspective that woman's appearance, clothes and hairstyle do not define her completely.

In 1970, an unidentified woman was found dead in Norway's Isdalen valley. 56 long years later, her identity and the full story behind her death remain unresolved to date
Sep 18, 2026
In 1970, an unidentified woman was found dead in Norway's Isdalen valley. 56 long years later, her identity and the full story behind her death remain unresolved to date

The Isdal Woman mystery began in November 1970, when a burned body was discovered in Norway’s remote Isdalen Valley near Bergen. Investigators found unusual clues, including belongings with identifying labels removed, two suitcases containing wigs and clothes, and notes that appeared to record hotel stays under different names. Her identity was never established, while the circumstances surrounding her death led to theories ranging from espionage to other unexplained possibilities. Although the case was closed in 1971, renewed investigations decades later examined her background, movements and physical evidence. Yet 56 years later, her identity and the full story remain unresolved.

55 million light-years away, scientists spot something unusual: A strange galactic collision may have left this spiral galaxy with a centre that spins sideways
Sep 18, 2026
55 million light-years away, scientists spot something unusual: A strange galactic collision may have left this spiral galaxy with a centre that spins sideways

The Hubble telescope captured images of spiral galaxy NGC 4698. Its central bulge is tilted at an unusual angle to the main disk. Astronomers suggest this structure resulted from past gas absorption or a minor merger. This galaxy is located in the Virgo Cluster, approximately 55 million light-years away. Further observations will clarify NGC 4698's complex cosmic history.

An invasive fungus wiped out 4 billion American trees in 1904. Can scientists bring them back in 2026? Find out here
Sep 18, 2026
An invasive fungus wiped out 4 billion American trees in 1904. Can scientists bring them back in 2026? Find out here

A genetically engineered chestnut has cleared a major hurdle a century after an invasive fungus almost wiped out one of America’s most important forest trees. Scientists are making attempts to revive what was destroyed in the 1900s. Four billion American chestnut trees died. The ecosystem where they flourished now has barely any left. So, can a 2026 breakthrough bring American chestnuts back to life? Let's find out.

Jennifer Garner joined Once Upon a Farm in 2017; 9 years later, her 7% stake was worth about $64 million after its $724 million IPO
Sep 18, 2026
Jennifer Garner joined Once Upon a Farm in 2017; 9 years later, her 7% stake was worth about $64 million after its $724 million IPO

Jennifer Garner ventured into the food industry by being a co-founder of Once Upon a Farm in 2017. The company made waves in February 2026 with its initial public offering, where Garner's investment was initially valued at about $64 million. By August 2026, her stakes had decreased to around $55 million amid ongoing trading on the New York Stock Exchange.

Rabi season preparations intensify amid monsoon deficit and El Nino concerns for winter crops
Sep 18, 2026
Rabi season preparations intensify amid monsoon deficit and El Nino concerns for winter crops

The agriculture ministry is preparing for the upcoming rabi season with states. This preparation addresses concerns over soil moisture and reservoir status for winter crops. The ministry will hold a national Rabi Conference to discuss crop strategies for affected areas. States are assessing district conditions and identifying farmers needing alternative crop interventions. These measures aim to mitigate potential impacts on food inflation from inadequate planting.

Assembly elections: As polls approach, UP turns into 'katha' pradesh
Sep 18, 2026
Assembly elections: As polls approach, UP turns into 'katha' pradesh

State's Cabinet minister Manoj Pandey recently organised a Shiv Puran katha under the guidance of Pandit Pradeep Mishra of Madhya Pradesh in his assembly constituency Unchahar, located in the Raebareli district. Uttar Pradesh chief minister Yogi Adityanath, deputy chief ministers Keshav Prasad Maurya and Brajesh Pathak and several state ministers and leaders attended the religious gathering.

A 17,000-sq-ft Aspen mansion once rented by Rihanna was listed for as much as $79 million; it sold for $63.5 million as Colorado’s trophy-home market began to cool
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A 17,000-sq-ft Aspen mansion once rented by Rihanna was listed for as much as $79 million; it sold for $63.5 million as Colorado’s trophy-home market began to cool

A large Aspen mansion, once rented by Rihanna, sold for $63.5 million. This property had previously been listed for as much as $79 million. The sale occurred as Aspen’s luxury housing market experienced a slowdown. Home sales above $10 million saw a significant decrease compared to last year. Buyers are now showing more resistance to high luxury home prices.

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