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    CGPSC scam: ED alleges Rs 45 lakh 'CSR' payment to ex-CGPSC chief for favouring businessman's kin
    Banks to remain open on Sunday for customers' convenience in view of proposed strike
    S&P, Fitch raise FY'27 India GDP growth projections; see 25 bps RBI rate hike on inflation fears
    ADB raises India's GDP growth forecast to 7pc on stronger-than-expected Q1 growth
    Hughes Precision Raises ₹250+ Crore to Accelerate Ammunition Manufacturing Expansion
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September 23, 2026
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Banking service continuity measures require public sector and regional rural banks to operate on Sunday during the proposed strike.
Banking-service contingency arrangements require Public Sector Banks and Regional Rural Banks to operate normally on Sunday, 27 September 2026, ahead of a proposed three-day bank strike. Reserve Bank approval permits bank branches, offices, ATM-linked branches and currency chests to remain fully operational. Customers are advised to use mobile banking, ATMs, internet banking, BC Points and UPI if the strike occurs, and to complete essential transactions in advance.
September 23, 2026
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Inflation-driven monetary tightening may accompany strong growth as demand, price increases and adverse supply conditions shape rate expectations.
Inflationary pressures, robust demand, price rises and adverse supply developments are expected to lead to policy-rate tightening by RBI. Fitch anticipates a 25-basis-point rate rise in October, further tightening in early 2027, followed by easing in 2028. Growth projections were upgraded following stronger-than-expected June-quarter activity, but activity is expected to moderate as the effects of GST rationalisation and income-tax cuts recede, manufacturing and services slow, and below-normal monsoon conditions affect activity.
September 23, 2026
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GDP growth forecast rises as domestic demand, investment, and public capital spending sustain economic resilience amid external risks.
India's GDP growth forecast for the current fiscal year is raised to 7 per cent, supported by investment demand, resilient consumption, manufacturing and services activity, lower-than-expected supply disruptions, and sustained capital inflows. Domestic demand, infrastructure expenditure, regulatory reforms, and improving private investment are expected to support growth. Inflation is projected to remain within the central bank's target range, subject to risks from geopolitical uncertainty, commodity prices, and weather-related disruption. Fiscal management is supported by public capital expenditure and robust direct-tax revenue.
September 23, 2026
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Primary and secondary investment funds ammunition manufacturing expansion, increasing small-caliber capacity and establishing medium-caliber production.
Hughes Precision Manufacturing Pvt. Ltd. completed a Rs. 250+ crore investment round through primary and secondary investments. The capital will expand small-caliber ammunition capacity from approximately 80 million to 220 million rounds and establish a dedicated medium-caliber ammunition manufacturing facility. The expansion broadens its product portfolio and is supported by an order book exceeding Rs. 1,000 crore, including domestic defence and export orders scheduled for execution over approximately two years.
September 23, 2026
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GDP growth outlook signals resilient expansion, but inflation, weaker rural demand, and supply pressures may prompt monetary tightening.
India's FY 2026-27 GDP growth forecast is raised to 6.9 per cent from 6.4 per cent, reflecting strong June-quarter growth and economic resilience. Economic momentum is projected to moderate as slower manufacturing and services expansion, below-normal monsoon rains, and rising inflation constrain demand. Strong demand, price increases and adverse supply conditions are expected to lead to monetary tightening.
September 23, 2026
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FEMA scrutiny of insolvency acquisitions examines fund flows and possible indirect control by potentially ineligible resolution participants.
FEMA investigation concerns suspected foreign-exchange contraventions and the source and movement of funds used to acquire control of McNally Bharat Engineering Company Limited following its corporate insolvency resolution process. The inquiry also examines whether the process may have enabled persons potentially ineligible under Section 29A of the Insolvency and Bankruptcy Code, 2016, to regain indirect control of the company.
September 23, 2026
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Export facilitation reforms integrate local support, digital trade intelligence, and streamlined Free Trade Agreement procedures to improve market access.
Export facilitation reforms contemplate integrated Commerce and Industry offices and trained local personnel to provide exporters with common access points and district-level handholding support. The Trade Connect platform is envisaged to provide product-wise and HSN-code-wise tariff, Free Trade Agreement and procedural information, supported by digital and AI-enabled tools. Reforms also address electronic verification of Certificates of Origin, integration across the export cycle, digitalisation, simplified trade documentation, reduced compliance burden, and adherence to international quality standards.
September 23, 2026
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Monetary policy outlook: resilient growth and persistent inflation support a projected policy-rate increase amid weather and geopolitical risks.
India's FY27 growth outlook is revised upward to 7 per cent from 6.6 per cent, supported by industrial activity, consumption, goods exports and government investment. Consumer inflation is projected to average 5.1 per cent. Persistent inflationary pressures, solid growth, conflict in West Asia and weather-related risks are expected to support higher interest rates, while below-normal monsoon rainfall may affect agricultural output and food inflation.
September 23, 2026
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Trade partnership frameworks seek diversified market access through proposed economic agreements, investment cooperation, stronger business linkages, and improved connectivity.
Trade and market-access cooperation is to be advanced through a proposed Comprehensive Economic Partnership Agreement with Chile, a proposed Free Trade Agreement with Peru, and expansion of the Preferential Trade Agreement with MERCOSUR. The frameworks seek mutually beneficial outcomes while respecting respective sensitivities and priorities. Diversified trade, investment and business partnerships are envisaged through stronger business-to-business linkages, improved connectivity and more predictable market access.
September 23, 2026
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Diplomatic engagement amid armed conflict continues as parties discuss reopening strategic waterways, energy security, and a potential negotiated settlement.
Diplomatic engagement between the United States and Iran resumed amid an ongoing armed conflict. The engagement concerned reopening the Strait of Hormuz and returning to negotiations toward a settlement, while the United States position combined willingness to engage with threats of escalated military action if an agreement was not reached. Regional consultations also addressed risks to oil carriage, energy supplies, and navigation through strategic waterways.
September 23, 2026
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Bilateral comprehensive trade agreement negotiations aim for conclusion at the G20, supporting diversification and renewed economic ties.
Comprehensive trade agreement negotiations between Canada and India are progressing, with both governments aiming to conclude discussions by the mid-December G20 summit. Formal negotiations commenced in March, accompanied by a broader commitment to complete the agreement by the end of 2026. The proposed arrangement forms part of renewed bilateral economic engagement and Canada's strategy to diversify trade relationships, strengthen market access and reduce dependence on a single market.
September 23, 2026
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Diesel export restrictions may worsen refinery constraints and consumer fuel costs amid global refining capacity disruptions.
Possible restrictions on diesel exports are being considered to address rising domestic diesel prices amid disruption to global refining capacity. Oil industry representatives oppose an export ban, contending that it could aggravate refinery-sector constraints and worsen supply conditions. They advocate increased supply and operational flexibility instead of new export restrictions, while farm-state senators support a diesel export ban.
September 22, 2026
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District-led economic development will align local resources, enterprise support and export promotion to strengthen regional economic opportunities.
The Uttar Pradesh Enabling District-Led Economic Growth project is proposed to convert district-specific resources into investment, employment, entrepreneurship and export opportunities. Its framework combines economic activity with stronger local administration and major investment proposals suited to local needs. Economic diversification is to expand manufacturing and services alongside agriculture, while local products are to receive improved design, packaging and access to global markets. Proposed measures also include enterprise development, women entrepreneurship, skills training, healthcare, agricultural processing and polyhouse development.
September 22, 2026
Show AI Summary
Healthcare access integration enables local outpatient ticketing and appointment booking through banking correspondents, alongside employee banking and patient-support initiatives.
The partnership integrates SKIMS outpatient ticketing and appointment booking with J&K Bank's Banking Correspondent network on a six-month pilot basis, enabling local access for patients in rural and remote areas. J&K Bank serves as SKIMS's banking partner, offers customised employee banking benefits, supports hospital infrastructure through corporate social responsibility assistance, enables public contributions to the poor-patient endowment fund through a mobile application, and provides digital financial literacy and wealth-management programmes.
September 22, 2026
Show AI Summary
Money-laundering searches prompt allegations of pressure on an urban development body and disruption of welfare delivery programmes.
Survey and search operations under the Prevention of Money Laundering Act covered 26 premises, including the Greater Mohali Area Development Authority office and the Principal Secretary for Housing and Urban Development. AAP alleged that the action was intended to create fear and pressure among government officers and impede welfare and development initiatives. It described GMADA as a revenue-generating authority whose resources support public welfare, urban infrastructure and planned development.
September 22, 2026
Show AI Summary
Public recruitment money laundering allegations include payments, examination-paper access, and recruitment-rule changes allegedly facilitating selected candidates.
Money-laundering proceedings concerning alleged irregularities in public-service recruitment examinations include a prosecution complaint against the former CGPSC chairman and others. Allegations concern payments to facilitate selections, access to examination papers for candidates, and collection of consideration. A former examination official is alleged to have aided a recruitment-rule amendment removing "nephew" from the definition of family, allegedly facilitating selection of relatives. The investigation is linked to an economic-offences FIR, a CBI complaint and related chargesheets.
September 22, 2026
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Five-day banking demand drives a proposed nationwide bank strike after conciliation remains inconclusive during half-yearly closing.
Proposed nationwide three-day bank strike from 28-30 September 2026 follows an inconclusive conciliation meeting. The strike is linked principally to the demand for five-day banking, with reconsideration contingent on concrete and positive progress toward its implementation. Other demands cover pension upgradation, a uniform dearness allowance formula for pensioners, and an option for National Pension System-covered employees to switch to the old pension scheme.
September 22, 2026
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PMLA maintainability turns on whether a private complaint can initiate money-laundering proceedings without a predicate-offence FIR.
Maintainability of PMLA proceedings is contested where the alleged scheduled offence originates in a private complaint rather than an FIR. Respondents contend that a private complaint cannot form the basis for an Enforcement Case Information Report, money-laundering investigation, or prosecution, because the statutory framework recognises predicate-offence action through an FIR or a complaint by a person authorised to investigate.
September 22, 2026
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Related-party transaction disclosure and audit-report compliance proceedings conclude through settlement without admissions by five companies.
Securities-market settlement proceedings concerning five Adani group companies addressed alleged non-compliance with listing-related disclosure and audit-report requirements. Allegations included failure to disclose certain related-party transactions and audit or limited-review reports signed by firms lacking a valid peer review certificate. While adjudication remained pending, the companies proposed settlement without admitting or denying the findings of fact or conclusions of law.

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Customs & Trade

Trump says he plans to reach out to North Korea's Kim Jong Un

January 24, 2025

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Washington, Jan 24 (AP) President Donald Trump said in an interview that he will reach out to North Korean leader Kim Jong Un, who he described as a “smart guy.” Trump was being interviewed on Fox News by Sean Hannity, who asked the president if he planned to talk to his North Korean counterpart. Trump said he would.

“I got along with him,” Trump said of Kim. “He's not a religious zealot.” New statement from Hegseth's ex-wife continues to raise questions about his alcohol use A new statement by Pete Hegseth's ex-wife to the FBI continues to raise questions about the alcohol use of Trump's nominee for defence secretary.

That statement by Samantha Hegseth, the nominee's second wife, is part of an FBI background investigation that was read to Senate Armed Services Committee leadership Mississippi Republican Roger Wicker and Rhode Island Democrat Jack Reed Jan. 16. It said Pete Hegseth had and continues to have a problem with alcohol abuse, a person familiar with the FBI briefing and its findings told The Associated Press.

Reed has called Hegseth's FBI background check substandard. He said in a statement Thursday that he and Wicker received multiple FBI briefings about the defense secretary nominee, something he had not seen in more than 25 years on the Armed Services Committee, and that “the recent reports about the contents of the background briefings on Mr. Hegseth are true and accurate.” Timothy Parlatore, Hegseth's attorney, said Thursday that “Reed is knowingly lying” because what Samantha Hegseth actually told the FBI is that Pete Hegseth drinks more often than not, but she also acknowledged that she had not spent time with him for about seven years.

White House asks California congressional members to hold roundtable during Trump visit The White House has asked California congressional members, including Democrats, to hold a roundtable at an airplane hangar in Santa Monica during Trump's visit to the fire-ravaged region of California on Friday afternoon.

That's according to a person briefed on the plans who spoke on condition of anonymity because they were not authorized to discuss them.

Congressional Democrats have sharply criticized the new president's threats to withhold federal disaster aid unless California's leaders change the state's approach on its management of water.

There are currently no plans to visit sites of fire destruction in Altadena, a working class area heavily impacted by the Eaton fire, according to the source familiar, though it was unclear if the president would be visiting other sites.

Trump reiterates support for full federal recognition for the Lumbee Tribe of North Carolina Trump signed a memo Thursday directing his administration to help advance full federal recognition for the Lumbee Tribe of North Carolina, a distinction that would unlock access to federal funds.

Congress acknowledged the tribe in 1956 but stopped short of giving the now 55,000-member tribe federal recognition, which has been granted to 574 other Native American tribes in the U.S. Along with federal funds, the designation comes with access to resources like health care through the Indian Health Service. It also creates a pathway for a tribe to secure a land base.

Trump's memo directs the Department of the Interior, within 90 days, to provide a plan on how to get the Lumbee Tribe federal recognition “through legislation or other available mechanisms.” Treasury Department deploys extraordinary measures' to avoid breaching debt ceiling The Treasury Department says it has deployed “extraordinary measures” to stop the US from breaching the debt ceiling.

Acting Secretary David Lebryk wrote to congressional leaders on Thursday to inform them about the new measures. He says the Treasury Department stopped paying into the G Fund, a retirement fund for government workers.

Once the extraordinary measures run out, the government risks defaulting on its debt unless lawmakers and the president agree to lift the limit on the U.S. government's ability to borrow.

First batch of new forces being deployed to El Paso and San Diego to secure southern borde Active duty military troops will begin arriving in El Paso, Texas, and San Diego on Thursday evening, in what defense officials said is the first batch of the new forces being deployed to secure the southern border.

The Pentagon announced on Wednesday that about 1,500 troops were being sent to the border this week, as the department scrambles to put in motion President Donald Trump's executive order demanding an immediate crackdown on immigration.

U.S. officials, who spoke on condition of anonymity to provide details on troop movements, said they expect additional troops to be ordered to deploy in the next few days as defense and homeland security leaders iron out requests for more support.

The officials said it's not yet clear how many more service members would get tapped in the near future, but they would include active duty, National Guard and Reserves, and come from land, air and sea forces. Other defense and military officials this week estimated that the additional number deployed could be in the thousands.

Trump's demand for lower interest rates isn't that simple Trump has pledged cheaper prices and lower interest rates, but an economy transformed by the pandemic will make those promises difficult to keep.

Economic growth is solid, driven by healthy consumer spending. Budget deficits are huge and could get even larger.

And if Trump follows through on his promises to impose widespread tariffs on imports and deport millions of immigrants, economists expect inflation could worsen, making it less likely the Federal Reserve will cut its key interest rate much this year.

What to know about Trump's executive order regarding transgender people An executive order that Trump signed on his first day back in office offers a new federal government definition of the sexes that could have a major impact on transgender people.

The order calls for the federal government to define sex as only male or female and for that to be reflected on official documents such as passports and policies such as federal prison assignments. As for federal spending, it's not clear what his vow to end broader gender classifications will mean on the ground.

Trump says he is not bothered by Musk's criticism of the Stargate projec Trump said he is unbothered by the fact that Elon Musk has been critical of the Stargate artificial intelligence infrastructure project he announced this week, telling reporters that Musk is critical because one of the people involved in the deal is “one of the people he happens to hate.” Trump brushed aside the clash that's been unfurling online between two of his tech business allies, Musk and OpenAI CEO Sam Altman. Musk has questioned the value of the AI investment, of which OpenAI is a partner.

“People in the deal are very, very smart people. But, Elon, one of the people he happens to hate. But I have certain hatreds of people, too,” Trump said. The president did not elaborate.

Trump pardons anti-abortion activists who blockaded clinic entrances Trump announced Thursday he would pardon anti-abortion activists convicted of blockading abortion clinic entrances.

Trump called it “a great honor to sign this.” “They should not have been prosecuted,” he said as he signed pardons for “peaceful pro-life protesters.” Among the people pardoned were those involved in the October 2020 invasion and blockade of a Washington clinic.

In the first week of Trump's presidency, anti-abortion advocates have ramped up calls for Trump to pardon protesters charged with violating the Freedom of Access to Clinic Entrances Act, which is designed to protect abortion clinics from obstruction and threats. The 1994 law was passed during a time where clinic protests and blockades were on the rise, as well as violence against abortion providers, such as the murder of Dr. David Gunn in 1993.

Trump says no date set yet for new tariffs on China Trump said he hasn't set a date on imposing new tariffs on China, but he's reiterating that he wants a 10% tax on Chinese imports in retaliation for it making the chemicals used in fentanyl.

Trump told reporters in the Oval Office Thursday that he still plans to tariff Canada and Mexico at 25% rates starting as soon as Feb. 1. He said he was comfortable charging higher tariffs on those countries because he had already placed higher tariffs on China during his first term.

Trump says he expects Fed to listen to him on lowering rates Trump says he expects a chain reaction in which lower oil prices will lead to lower interest rates across the U.S. economy, but he also plans to bring up the issue with Federal Reserve Chair Jerome Powell.

Trump told reporters in the Oval Office that “when the energy (prices) comes down” it would also knock down overall inflation and “automatically bring the interest rates down.” Asked if he expects the Fed to listen to him on rates, Trump said: “Yeah.” Trump says he will talk to Powell about lowering rates “at the right time.” The Fed controls short-term rates that influence inflation and the supply of money in the economy.

Trump has talked to lawmakers about reshaping FEMA Trump is preparing to reshape the Federal Emergency Management Agency, which has been on the frontlines of responding to recent wildfires in California and last year's hurricane in North Carolina.

He spoke at length about the issue with congressional Republican leaders on Tuesday, discussing whether the agency should continue providing assistance to states in the same way, according to a person familiar with the conversation who spoke on condition of anonymity to discuss it.

Conservatives have previously suggested reducing the amount that states are reimbursed for preventing and responding to disasters like floods, tornadoes, hurricanes and more.

?Read more about Trump's plans for FEMA The Department of Justice will vigorously defend' Trump's executive order redefining birthright citizenship In a statement after the federal judge's ruling Thursday that temporarily blocked the order, the department said the executive order “correctly interprets the 14th Amendment of the U.S. Constitution.” “We look forward to presenting a full merits argument to the Court and to the American people, who are desperate to see our Nation's laws enforced,” the department said.

US District Judge John Coughenour in Seattle called the executive order “blatantly unconstitutional” during the first hearing Thursday in a multi-state effort challenging the order.

Trump says he's open to meeting people charged or convicted for the Jan 6 Capitol attack President Donald Trump says he's open to meeting with the roughly 1,500 people charged or convicted for their roles in the Jan. 6, 2021 Capitol attack whom he pardoned on Monday in his first hours in the White House.

Trump said he didn't know if he would meet with those who faced criminal consequences for trying - violently in many cases - to prevent Congress from certifying his 2020 election defeat, but added, “I'd be open to it, certainly.” Trump expected to give prerecorded address to March for Life President Donald Trump is expected give a prerecorded video address to anti-abortion protesters Friday at the annual March for Life in Washington, D.C.

The news come after Trump offered vague, contradictory answers to questions on abortion on the campaign trail and often attempted to distance himself from anti-abortion allies, despite boasting about nominating three Supreme Court justices who helped strike down a federal right to abortion.

“This pro-life president has gone nowhere,” said Marjorie Dannenfelser, president of the national anti-abortion group SBA Pro-Life America, while announcing Trump's appearance during a Thursday press briefing.

Abortion rights advocates pointed to his appearance at the event as evidence of what they've been saying all along -- that Trump cannot be trusted to stay out of abortion rights.

“No matter what they said on the campaign trail to win an election, this shows their intentions to continue to attack abortion access,” said Ryan Stitzlein, vice president of political and government relations for the national abortion rights organization Reproductive Freedom for All. “This is just proving us right.” (AP) NSA NSA

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