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    CGPSC scam: ED alleges Rs 45 lakh 'CSR' payment to ex-CGPSC chief for favouring businessman's kin
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September 23, 2026
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Money laundering allegations in public recruitment describe CSR-linked payments, examination manipulation, and candidate payments treated as proceeds of crime.
Money-laundering allegations concerning state public-service examinations identify two alleged streams of proceeds of crime: corporate social responsibility funding allegedly routed to an institution controlled by the former commission chairman in return for favouring selected candidates, and money allegedly collected from candidates and families for advance access to examination papers and secured selection. The alleged CSR payment was projected as legitimate institutional funding, while candidate-related collections were allegedly possessed, used, transferred, or projected as legitimate transactions.
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
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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
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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
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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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Shashi Tharoor Delivers Lectures on India’s Values, Democracy & Civilization at Oxford and London organized by O.P. Jindal Global University

July 9, 2025

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Oxford & London, UK, 9 July 2025: In a series of distinguished lectures and discourses held in the United Kingdom, Dr. Shashi Tharoor, Member of Parliament, India, spoke about the enduring lessons from India’s civilizational heritage and the evolution of the Indian Constitution at 75. His lectures offered a powerful reflection on the trajectory of India’s constitutional democracy—its successes in protecting rights and freedoms, and the challenges that lie ahead as India approaches 100 years of independence in 2047. The landmark events were organized by O.P. Jindal Global University (JGU), India’s leading private university and an Institution of Eminence. The lectures were held at University College, Oxford and Somerville College, Oxford, and at the Honourable Society of the Inner Temple in London.

At University College, Oxford, Dr. Tharoor delivered a compelling lecture on the theme: “An Immemorial Civilization: Lessons from India, Lessons for India.” He took the distinguished audience on a journey through more than 2,500 years of Indian history, emphasizing the nation’s legacy of religious tolerance, non-violence, and social justice. There are lessons to be drawn from India’s historical and mythical figures and also from modern reformers and leaders like Vivekananda and Mahatma Gandhi. India’s secularism and egalitarianism have been shaped by its ancient wisdom. No nation can be called democratic and progressive unless it combats the injustices faced by the marginalized and subjugated. Indian civilization, at its most luminous moments, has done exactly that, and our quest for modernist equality has always been forged through a struggle against orthodoxy, casteism, superstition and fundamentalist exclusion,” Dr. Tharoor said.

He continued, “The task before us is not just to remember India, but to reimagine it—to draw from the deep wells of our immemorial inheritance the ethical resolve to confront contemporary inequities with courage, conviction and moral clarity, thus ensuring greater rights to the disenfranchised and those on the margins of our society.” In his address, Dr. Tharoor explained how, since the time of Ashoka, the great Mauryan emperor, the Indian ethos has promoted not merely tolerance but acceptance. “India and its memorial civilization has lessons for the world today: that one is free to strive and seek and arrive at one’s own conception of the Almighty. And the greatest truth is to acknowledge the existence of other truths! As Vivekananda said, Hinduism is a religion that taught the world not just tolerance, but acceptance.” At Somerville College, Oxford, Dr. Tharoor eloquently traced the journey of the Indian Constitution in a lecture titled “Indian Constitution at 75: Protecting Rights, Expanding Freedoms & Empowering Citizens.” He emphasized the enduring importance of the Constitution’s foundational ideals in guiding India through complex and diverse aspirations. “Our Constitution represents not only a legal framework but a social contract that has bound our diverse nation together. As we mark 75 years of its adoption, we must recommit ourselves to defending the rights and freedoms it enshrines for every citizen,” Dr. Tharoor remarked.

Professor (Dr.) C. Raj Kumar, Founding Vice Chancellor of O.P. Jindal Global University, introduced Dr. Tharoor at the events and spoke on the significance of global dialogue on constitutional values, democratic governance, and sustainability. “This occasion at Oxford reaffirms our belief that universities must be active participants in shaping democratic societies. The Indian Constitution is a living testament to the strength of democratic ideals, and Dr. Tharoor’s insights remind us of the need to protect, expand and renew those values across generations and borders,” said Professor Kumar. He added, “Dr. Tharoor is a leading public intellectual, writer, author and a beacon of the democratic process in India, having won four times from his constituency! This event is a celebration of intellectual engagement and institutional purpose. Dr. Tharoor’s powerful lecture inspires us to reaffirm our commitment to democratic values and global cooperation. As a global university, we are proud to bring together thought leaders and changemakers who shape the future of our world.” The discussions were further enriched by a response from Professor (Dr.) Shailendra Raj Mehta, O.P. Jindal Distinguished University Professor, who provided academic commentary and broader perspectives on the challenges and opportunities of constitutional governance.

JGU’s Sustainable Development Report 2025 was also presented during the event by Professor Padmanabha Ramanujam, Dean of the Office of Academic Governance at JGU. The report highlights the university’s steadfast commitment to advancing the United Nations Sustainable Development Goals (SDGs) through its teaching, research, and institutional practices.

The event began with welcome remarks by Professor (Dr.) Radhika Khosla, Research Director at the Oxford India Centre for Sustainable Development.

At the Honourable Society of the Inner Temple in London, O.P. Jindal Global University hosted another public lecture by Dr. Tharoor on the theme: “India at 2047: The Future of the World’s Largest Democracy.” Offering deep insights into the current state of Indian democracy, its institutional achievements, and the need for vigilance in safeguarding its constitutional values, Dr. Tharoor said: “India’s democratic journey has been both remarkable and resilient, but it faces serious tests in the years ahead. Institutions matter, but the spirit behind those institutions matters even more.” He added, “I commend O.P. Jindal Global University for fostering important conversations on democracy and development at the global level.” Mr. Naveen Jindal, Chancellor of O.P. Jindal Global University and Member of Parliament (Lok Sabha), India, also addressed the distinguished gathering. He emphasized the need for a forward-looking vision for India in 2047, grounded in five core values: • Education: “Especially primary education, as the foundation needs to be strong. It’s a drop in the ocean to have started two universities—O.P. Jindal Global University and O.P. Jindal University in Chhattisgarh, which is an engineering university.” • Economy: “India’s economy needs to be strong, one that creates jobs and wealth for the nation. There needs to be a lot of action, risk-taking, investment and enterprise.” • Entrepreneurship: “The private sector in India is driven by very enterprising people. We need to nurture them and respect the wealth creators more.” • Energy: “Our future must be powered increasingly by clean, renewable, and sustainable energy. Empowerment means access to affordable energy for both the rich and the poor.” • Equality: “This is the soul of a true democracy, which lies in equality of opportunity—something we must ensure for all 1.4 billion of our citizens.” (Disclaimer: The above press release comes to you under an arrangement with O.P. Jindal Global University and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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