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The finance ministry urged bank employees to resolve demands through dialogue. A three-day nationwide strike is planned from September 28 to 30. Unions seek a five-day banking week and withdrawal of the PLI scheme. The government has addressed most concerns and is examining remaining issues. Banks are preparing for potential disruptions and advising customers to use digital services.
The Income Tax Department also noted that the individuals had not filed an income tax return (ITR) for the relevant year. This meant the department did not have details of the income he had earned during the period under scrutiny.
Oil prices climbed above one hundred dollars a barrel as Middle East tensions intensified. Traders weighed signs of possible US-Iran talks against continuing tensions in the Gulf. Yemen's Houthis conducted attacks on Riyadh and a Saudi Aramco facility. Traffic through the Strait of Hormuz has dropped sharply due to ongoing conflict. The US and Iran have traded threats for over six months now.
Finance Minister Nirmala Sitharaman addressed concerns over the Merchant Discount Rate charges, emphasizing that UPI users will face no additional financial burden. These charges apply solely to payment operators and do not treat consumers as taxpayers. The revised rule targets only high-value Person-to-Merchant UPI transactions, meaning most users will transact without incurring extra fees. The government has expressed its commitment to this decision, ruling out any changes.
Stock market recommendations: LIC Housing Finance, Supreme Industries, Hitachi Energy India, and Dr Reddy's Laboratories - these are the top stocks to buy on September 22, 2026 as recommended by Somil Mehta, Head of Retail Research, Mirae Asset ShareKhan on September 8, 2026.