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    CCI approves acquisition of sole control over Omega-Meyer Ltd and Meyer Organics by BCPE Wellbeing Holdco Two Ltd. and Integral Investments Asia IV Lt...
    CCI approves proposed acquisition of 100% shareholding of Vishavari Tollway Ltd and nine SPVs operating road assets in India by Concessoc 41 SAS
    CCI approves acquisition of certain shareholding in Prestige Hospitality Ventures Limited by CPP Investment Board Pvt. Holdings (4) Inc.
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    Adopted Joint Statement after the India-UK Financial Markets Dialogue 2026, held in London
    Commerce Secretary Shri Rajesh Agrawal Calls for Greater Utilisation of India-EFTA TEPA Opportunities
    Commerce and Industry Minister Shri Piyush Goyal Holds Meetings with Leading U.S. Companies in New York to Strengthen India–U.S. Trade and Investmen...
    Monetary Policy Statement, 2026-27 Resolution of the Monetary Policy Committee October 5 to 7, 2026
    An Approach Paper on Expanding the scope and coverage for the Index of Services Production
    DRI cracks down on cross-border gold smuggling along Indo-Bangladesh border; seizes over 8.3 kg foreign-origin gold; 4 arrested
    Secretary, DFS, Shri Sanjay Lohiya chairs review meeting on progress of Financial Inclusion Schemes with senior executives of Public Sector and Privat...
    Cabinet approves Commitment of Rs.10,000 Crore towards establishment of the SME Growth Fund for direct equity investments in Small and Medium Enterpri...
    Cabinet approves setting up of Integrated Transport & Logistics Authority
    IICA observed 3rd IICA CSR Day on Gandhi Jayanti with a Special Address by the DG & CEO to Participants of the IICA Certified CSR Professional Program...
    Preserving Financial Stability in an Evolving World - Special Address by Shri Sanjay Malhotra, Governor, Reserve Bank of India, at the Fifth Kautilya ...
    Central Bureau of Narcotics (CBN) Rajasthan Unit observes National Anti-Drug Addiction Day with awareness programmes and cleanliness campaigns across ...
    NABKISAN Lists India’s First WASH-Focused Social Bond, Raises ₹180 Crore
    DRI seizes around 7 kg amphetamine, 5 kg cocaine and 3.5 kg heroin in three operations as it intensifies crackdown on drug trafficking; 5 arrested
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October 8, 2026
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Sole-control acquisition of nutraceutical and pharmaceutical businesses receives competition approval for Bain Capital-managed investment funds.
Competition Commission of India approval permits BCPE Wellbeing Holdco Two Limited and Integral Investments Asia IV Limited, funds managed or advised by Bain Capital, to acquire sole control over Omega-Meyer Limited and Meyer Organics Private Limited. The target businesses provide nutraceuticals globally and in India, while Meyer Organics Private Limited also produces and supplies certain over-the-counter and prescription finished-dose pharmaceuticals in India.
October 8, 2026
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Highway asset acquisition approval covers full ownership transfer of a tollway operator and road-project special purpose vehicles.
Competition Commission of India approval covers the acquisition by Concessoc 41 SAS of the entire shareholding in Vishavari Tollway Private Limited and nine special purpose vehicles. The target entities operate designated national-highway stretches in Andhra Pradesh, Odisha and Gujarat, while Vishavari Tollway Private Limited provides operation and maintenance and engineering, procurement and construction services for those highway assets.
October 8, 2026
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Competition clearance for hospitality share acquisition permits investment in a company owning and developing hotel and serviced apartment assets.
Competition Commission of India approved the proposed combination involving CPP Investment Board Private Holdings (4) Inc.'s acquisition of certain shareholding in Prestige Hospitality Ventures Limited. The target is an Indian public limited company within the Prestige group and owns and develops hospitality assets, including hotels and serviced apartments. The acquirer is incorporated in Canada and is managed by Canada Pension Plan Investment Board.
October 8, 2026
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Internal group restructuring receives merger-control approval for amalgamating an integrated steel producer into the group's steel manufacturer.
Merger-control approval covers the proposed internal JSW Group restructuring through amalgamation of BMM Ispat Limited into JSW Steel Limited. The amalgamation would convert the group's majority interest in BMM into full ownership and is intended to enhance operational, financial and organisational efficiencies through economies of scale, resource pooling and capital rationalisation. BMM is commercially integrated in the group's supply chain through intra-group sales and procurements.
October 7, 2026
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Transparent land e-auction procedures support bidder preparedness through mock training, registration and earnest-money requirements for phased asset monetisation.
National Land Monetization Corporation is facilitating a two-phase e-tender-cum-e-auction of 459 encumbrance-free land parcels of Rashtriya Ispat Nigam Limited through the RailTel E-Nivida e-Procurement Platform. Participation requires registration, fulfilment of prescribed requirements and submission of earnest money deposit within the applicable deadlines. Physical and online mock e-auction training familiarises prospective bidders with the bidding interface and participation procedure. Investor outreach provides information on plot details, eligibility requirements, registration and bidding conditions.
October 7, 2026
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Preventive narcotics outreach promotes drug awareness, community participation, and sustainable livelihood alternatives to discourage illicit cannabis cultivation.
Preventive outreach in Malana village promoted drug awareness, youth engagement, community participation and alternative development in an area associated with illicit cannabis cultivation. Residents were sensitised to the harmful effects of cannabis, charas and hashish oil consumption and encouraged to pursue sustainable alternatives, including apiculture, animal husbandry, dairy activities and tourism. Community discussions addressed livelihood barriers, ecological concerns, and commitments to refrain from drug consumption and discourage illicit cannabis cultivation.
October 7, 2026
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Cross-border financial cooperation guides work on market access, sustainable finance, fintech safeguards, and payment interoperability.
India-UK financial-markets cooperation covers capital-market connectivity, cross-border listings, investor access and development of GIFT IFSC as an international financial centre. Engagement also addresses insurance, pensions, asset management, sustainable-finance disclosures and cross-border investment. Fintech cooperation includes digital public infrastructure, central bank digital currencies, data exchange, responsible artificial intelligence, fraud prevention, cyber security and operational resilience. Cross-border payments work prioritises reduced frictions, transparency, efficiency and interoperability of electronic payment infrastructures.
October 7, 2026
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Investment commitments and tariff predictability under India-EFTA TEPA support market access, supply-chain planning, and long-term bilateral trade.
India-EFTA TEPA establishes reciprocal market-access commitments, with EFTA coverage extending to most Indian exports and full coverage for non-agricultural products. Tariff predictability is intended to support investment planning, supply-chain development and longer-term business partnerships. Agricultural opportunities may arise where duties have been reduced to zero. Article 7.1 includes an investment commitment under which the EFTA States are to aim to increase foreign direct investment into India and facilitate employment generation within specified implementation periods.
October 7, 2026
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Foreign investment engagement focuses on expanded partnerships across financial services, manufacturing, insurance, and emerging technologies in India.
India-U.S. trade and investment engagement was pursued through discussions with leading United States companies on expanding investment, partnerships and commercial operations in India. Financial-sector discussions addressed private equity, asset and wealth management, insurance, and financial services, including prospective engagement aligned with the objective of insurance access for all by 2047.
October 7, 2026
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Policy repo rate recalibration responds to inflationary pressures, adopting calibrated tightening while future actions depend on growth and inflation conditions.
Monetary policy is recalibrated through an increase in the policy repo rate under the liquidity adjustment facility by 25 basis points to 5.50 per cent. The monetary policy stance shifts to calibrated tightening, indicating that near-term rate reductions are excluded and that subsequent action may consist of a rate increase or a pause, depending on evolving conditions and the outlook. Further rate action depends on growth-inflation developments, underlying inflation, broadening price pressures, second-round effects and demand impulses.
October 7, 2026
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Index of Services Production expansion proposes broader service-sector coverage through education, health, residential care, public administration and defence.
The Index of Services Production is proposed to expand beyond its initial formal-sector coverage, which relies on high-frequency administrative data and GST outward-supplies data. Education, Human Health and Residential Care, and Public Administration and Defence are proposed for inclusion. Their incorporation would increase coverage of services-sector Gross Value Added and support aggregation of sub-sectoral indices into a unified measure of short-term services-sector movements. Stakeholder views are invited on the proposed methodology.
October 7, 2026
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Cross-border gold smuggling enforcement addresses concealed foreign-origin gold transport through customs seizure, arrest, and investigation of organised networks.
Intelligence-led customs enforcement targeted cross-border gold smuggling through surveillance and interception of four persons travelling from a border route. Personal searches recovered foreign-origin gold biscuits concealed in specially tailored cloth waist belts. Seventy-two gold biscuits were seized under relevant provisions of the Customs Act, 1962, and the four persons were arrested. Investigation continues into organised networks and wider syndicates involved in the movement and distribution of smuggled gold.
October 6, 2026
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Financial inclusion drives digital lending, insurance claim awareness, portal enrolment, and banking access for marginalised sections.
Banks were urged to expand brick-and-mortar branches and banking correspondent coverage in unbanked villages, strengthen digital outreach, and implement end-to-end digital loan processing. Working-capital lending for micro-enterprises through UPI-linked credit lines and credit cards was highlighted. Banks were also directed to increase awareness of insurance claim eligibility, exercise care in claim-related grievance handling, and enrol new PMJJBY and PMSBY beneficiaries through the Jan Suraksha portal.
October 6, 2026
Show AI Summary
SME growth equity fund targets scalable enterprises, prioritising manufacturing and industrial clusters to strengthen investment, productivity and competitiveness.
Union Cabinet approval commits Rs.10,000 crore towards establishment of the SME Growth Fund as an Alternative Investment Fund framework for direct equity investment in small and medium enterprises. The initiative is intended to catalyse long-term, patient growth capital for SMEs and address the identified shortage of equity financing for enterprises beyond the early stage, where existing equity-support funds predominantly serve micro and early-stage businesses.
October 6, 2026
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Integrated transport planning framework establishes an SPV for national master planning, major-project appraisal, monitoring, and transport data analytics.
Integrated Transport & Logistics Authority will function as a special purpose vehicle for integrated transport and logistics planning, research, technical project appraisal, monitoring, policy support and data analytics. It will prepare a long-term National Transport Master Plan, assess sectoral and annual plans for alignment and multimodal integration, technically appraise and monitor specified major infrastructure projects, and undertake impact assessments. It will also maintain a unified transport data repository and support logistics-policy review, capacity building, training, skilling, research and innovation.
October 6, 2026
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Corporate social responsibility should shift from statutory compliance to needs-based, evidence-led collaboration with impact assessment and technology-enabled monitoring.
CSR is grounded in trusteeship and in companies' responsibilities to employees, communities and the environment, rather than shareholders alone. The framework includes the Unspent CSR Account, multi-year projects, certification of fund utilisation and impact assessment. CSR is intended to leverage corporate resources, technology and expertise, rather than merely supplement public expenditure. Needs-based project selection, community participation, need and social-impact assessment, implementing-agency capacity, resource pooling and technology-enabled monitoring are emphasised to move from compliance and spending towards evidence-based transformation.
October 5, 2026
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Financial stability requires targeted oversight and system-wide resilience against interconnected debt, leverage, cyber, technology, and cross-border shocks.
Financial stability is pursued by strengthening resilience rather than preventing every shock. The framework combines prudent regulation, risk-based supervision, stress testing, countercyclical macroprudential measures, targeted temporary liquidity assistance and resolution. Monetary policy remains directed to price stability, while financial-stability risks are addressed through regulatory, supervisory and macroprudential tools. System-wide resilience requires sound banks and NBFCs, reliable payment and technology infrastructure, robust data on interconnected exposures, scenario analysis, credible safety nets, and proactive proportionate oversight of cyber, model and third-party risks.
October 5, 2026
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Drug-abuse prevention awareness promotes informed refusal, resistance to peer pressure, community participation, drug-de-addiction pledges, and healthy drug-free lifestyles.
Drug-abuse prevention awareness in opium-cultivation areas focused on the harms of opium, cannabis and other illicit drugs, informed refusal at first exposure, resistance to peer pressure, and prevention of progression from use to dependence. Programmes for students, cultivators and residents used interactive sessions, campaign banners, community pledges, Gram Sabha participation and cleanliness drives to promote healthy drug-free lifestyles, community participation and collective action against addiction.
October 5, 2026
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WASH-focused social bond financing mobilises capital for safe water, sanitation and hygiene access in rural and underserved communities.
NABKISAN Finance Limited listed India's first social bond dedicated exclusively to water, sanitation and hygiene on the National Stock Exchange. The five-year issue raised Rs. 180 crore, carries an 8.10% coupon, matures in September 2031, and holds domestic AAA stable credit ratings. Proceeds are earmarked for safe water, sanitation and hygiene solutions in rural and underserved communities.
October 5, 2026
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NDPS Act drug-trafficking enforcement enabled seizures of amphetamine, cocaine and heroin through intelligence-led interceptions and concealed-consignment detection.
NDPS Act enforcement involved three intelligence-led operations addressing trafficking of amphetamine, cocaine and heroin. Searches of a vehicle's spare tyre, chocolate tubes in cabin baggage, and a backpack carried in a car-pooling taxi revealed concealed substances that tested positive through field-testing kits. The amphetamine, cocaine and heroin were seized, along with the vehicle in the amphetamine operation, and five persons were arrested under the NDPS Act, 1985.

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EU leaders open emergency summit on defence and Ukraine aid as US security support wanes

March 6, 2025

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Brussles, Mar 6 (AP) Facing the prospect that the United States might cut them adrift under President Donald Trump, European Union leaders launched a day of emergency talks Thursday in a bid to beef up their own security and ensure that Ukraine will still be properly protected.

Friedrich Merz, the likely next chancellor of Germany, and summit chairman Antonio Costa discussed over breakfast in Brussels ways to fortify Europe's defences on a short deadline.

Merz pushed plans this week to loosen the nation's rules on running up debt to allow for higher defence spending.

Meanwhile, the 27-nation bloc was waking up to news that French President Emmanuel Macron would confer with EU leaders about the possibility of using France's nuclear deterrent to protect the continent from Russian threats.

It all underscored the sea change that has taken place in the two months since Trump took office and immediately started questioning the cornerstones of cooperation between the United States and Europe that had been the bedrock of Western security since World War II.

“Given these profound shifts in US policy, and the existential threat of another war on the continent, Europe must manage its essential defence tasks,” the European Policy Center think tank said in a commentary.

The bloc will “take decisive steps forward," Macron told the French nation Wednesday evening. “Member states will be able to increase their military spending” and “massive joint funding will be provided to buy and produce some of the most innovative munitions, tanks, weapons and equipment in Europe,” he said.

Adding to the ebullient message, he said that “Europe's future does not have to be decided in Washington or Moscow.” Ukraine's President Volodymyr Zelenskyy is taking part in the summit.

Limited room to increase spending European Commission President Ursula von der Leyen has proposed a plan to loosen budget rules so countries that are willing can spend much more on defense. Her proposal is underpinned by 150 billion euros ($162 billion) worth of loans to buy priority military equipment.

Most of the increased defense spending would have to come from national budgets at a time when many countries are already overburdened with debt.

France is struggling to reduce an excessive annual budget deficit of 5% of GDP, after running up its total debt burden to 112% of GDP with spending on relief for businesses and consumers during the COVID-19 pandemic and the energy crisis that followed Russia's invasion of Ukraine.

Five other countries using the euro currency have debt levels over 100% of GDP: Belgium, Greece, Spain, Italy and Portugal.

Europe's largest economy, Germany, has more room to borrow, with a debt level of 62% of GDP.

Pressing security needs Part of any security plan is also to protect the increasingly beleaguered position of Ukraine.

A Russian missile killed four people staying at a hotel in Zelenskyy's hometown overnight. He said that a humanitarian organisation's volunteers had moved into the hotel in Kryvyi Rih, in central Ukraine, just before the strike. The volunteers included Ukrainian, American and British nationals, but it wasn't clear whether those people were among the 31 injured.

Early this week, Trump ordered a pause to US military supplies to Ukraine as he sought to press Zelenskyy to engage in negotiations to end the war with Russia, bringing fresh urgency to Thursday's summit.

Thursday's meeting is unlikely to address Ukraine's most pressing needs. It is not aimed at urgently drumming up more arms and ammunition to fill any supply vacuum created by the US freeze. Nor will all nations agree to unblock the estimated 183 billion euros ($196 billion) in frozen Russian assets held in a Belgian clearing house, a pot of ready cash that could be seized.

Still, the Europeans underlined the importance of the moment.

“Europe faces a clear and present danger on a scale that none of us have seen in our adult lifetime. Some of our fundamental assumptions are being undermined to their very core,” von der Leyen warned in a letter to the leaders ahead of their meeting.

But perhaps the biggest challenge for the EU will be to take a united stance at a moment when it's fractured, since much of what the bloc does requires unanimous support. Hungary is threatening to veto part of the summit statement on Ukraine.

Even if the challenges are so daunting, Thursday's summit is unlikely to produce immediate decisions on spending for Ukraine or its own defenses. Another EU summit where the real contours of decisions would be much clearer is set for March 20-21. (AP) AMS

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