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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.
September 22, 2026
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Social media publication of court-related affidavits in pending money-laundering proceedings must not displace submissions through judicial process.
Use of court-related affidavits in pending money-laundering proceedings must remain within the judicial process. The Bombay High Court cautioned Vijay Mallya against publishing on social media an Enforcement Directorate affidavit served on his legal team before its submission to the court, stating that parties should place their submissions before the court and that such publication undermines the efficacy of judicial proceedings.
September 22, 2026
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Related-party transaction disclosure and auditor peer-review compliance failures were resolved through settlement without admissions by listed companies.
SEBI settled adjudication proceedings against five listed companies concerning alleged related-party transaction disclosure failures, corporate-governance compliance, and audit or limited-review reports signed without valid peer review certification. The companies sought settlement without admitting or denying the findings of fact or conclusions of law after a show-cause notice proposed inquiry and penalties. The settlement terms were recommended by the High Powered Advisory Committee, accepted by the Panel of Whole Time Members, and implemented upon receipt of the prescribed settlement amounts.
September 22, 2026
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Luxury wedding venture Aria Weddings integrates planning, production and storytelling to deliver bespoke celebrations across selected destinations.
Aria Weddings is launched by Bizspoke Pvt. Ltd. and Sol Production LLP as a luxury weddings and celebrations venture offering end-to-end planning, design and execution for personalised, experience-led celebrations across India and select international destinations. Its services cover concept development, experience and de cor design, entertainment, production, on-ground execution, photography, films and other visual content.
September 22, 2026
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Related-party transaction disclosure compliance resolves adjudication proceedings concerning alleged listing and audit peer-review certification violations.
SEBI settled adjudication proceedings involving five Adani group companies concerning alleged non-disclosure of certain related-party transactions under listing regulations and the erstwhile listing agreement. The settlement also covered audit or limited-review reports signed by audit firms without valid peer-review certificates, with the entities collectively paying Rs 1.50 crore under the settlement terms.
September 22, 2026
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Money-laundering enforcement includes searches of public-development and housing-administration offices as part of a PMLA investigation.
Enforcement Directorate searches at the Greater Mohali Area Development Authority and the office of Punjab's Principal Secretary for Housing and Urban Development form part of a PMLA investigation. The enforcement action is directed at institutional and official premises connected with public development and housing administration in Punjab, involving a development authority and a senior housing-administration office.

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Dignity is a Core Human Value Enshrined in the Constitution: Chief Justice of India & Speaker of the Lok Sabha at 11th L.M. Singhvi Memorial Lecture

September 4, 2025

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New Delhi, 4th September: “Human dignity refers to the intrinsic worth and respect owed to every human being simply by virtue of being a human being. In the context of the 21st century, this principle has acquired new significance as courts across the world and particularly in India grapple with complex questions arising from technological change, social transformation, and evolving notions of equality and liberty. But the discourse on human dignity in the 21st century cannot be meaningfully undertaken without first understanding the foundational principles laid down in the decades preceding it.” Hon’ble Mr. Justice B.R. Gavai, Chief Justice of India was the Keynote Speaker and Guest of Honour at the Eleventh Dr. L. M. Singhvi Memorial Lecture titled: *Human Dignity as the Soul of the Constitution: Judicial Reflections in the 21st Century.

“The text of the Constitution explicitly situates dignity alongside the core values of liberty, equality, fraternity, and justice. As reflected in the Preamble, this linkage between dignity and the values of fraternity, unity, and integrity of the nation is significant, as it underscores the idea that respect for each individual is not merely a personal or social value, but a foundational principle for the cohesion of society itself,” he said. The Hon’ble Chief Justice further added that the judiciary has recognised that structural inequalities, historic injustices, and systemic discrimination can undermine the dignity of entire social groups, and that protecting their dignity requires affirmative measures, safeguards, and equality-oriented interventions. Through its jurisprudence, the Court has consistently emphasised that dignity encompasses social recognition, respect, and the opportunity for marginalised communities to participate fully and equally in society, extending beyond mere legal protection to address entrenched social hierarchies and exclusions. He thanked O.P. Jindal Global University and Dr. Abhishek Manu Singhvi, Senior Advocate, Supreme Court of India for the opportunity to speak on such a significant occasion.

The Chief Guest, Hon’ble Mr. Om Birla, Speaker of the Lok Sabha, said, “The life of Dr. L. M. Singhvi was a remarkable one as a leading politician, constitutional and legal expert, writer, and poet. His life continues to inspire us even today to take up new work, to think in new ways, and to contribute to the nation. That is the true experience we gain from this lecture series. Dr. B. R. Ambedkar and the other framers of our Constitution envisioned a system that was rooted in humanity, fraternity, equality, justice for all, and equal rights for every individual. From the Preamble to the key provisions of the Constitution, the subject of human dignity was deeply deliberated in the Constituent Assembly debates. Our collective endeavour—whether in Parliament, in the executive, or in the judiciary—must be to strengthen democratic institutions in a way that ensures justice and dignity for every citizen.

In these 75 years, we have worked to transform colonial laws to align them with India’s democratic values. Yet, despite constitutional provisions and reforms, challenges remain in safeguarding human dignity and protecting rights. It must always be remembered that the Constitution of India is not just a legal document. It is a living document that continuously guides us.” The Dr. L. M. Singhvi Memorial Lecture is held annually by O.P. Jindal Global University in honour of India’s leading legal expert Dr. L. M. Singhvi, a multifaceted personality, a jurist par excellence, thinker, orator, linguist, diplomat, lawyer, parliamentarian, author, interfaith exponent, cultural savant who made profound contributions to society as a statesman, diplomat, writer, and lawyer. Dr. Abhishek Manu Singhvi, Senior Advocate, Supreme Court of India & Member of Parliament instituted the Singhvi Endowment at O.P. Jindal Global University and the lecture series is held under its aegis.

In his introduction, Dr. Abhishek Manu Singhvi, Senior Advocate, Supreme Court of India and MP, Rajya Sabha, said, “The Indian judiciary, to its great credit, has not treated dignity as a mere poetic flourish. It has treated it as a constitutional compass. One example is the evolution of Article 21 from a narrow protection of life and personal liberty, to a fountainhead of rights—livelihood to health, education, clean environment, and privacy to reproductive autonomy. What ties all these expansions together? It is the recognition that life without dignity is no life at all. It is the responsibility of all institutions: the legislature is supposed to honour dignity when it creates laws that empower the marginalised, protect the vulnerable, and equalise opportunity; the executive honours dignity when governance is transparent, fair, and responsive to the last person. Civil society honours dignity when it resists bigotry and builds bridges of understanding. We honour dignity even in the way in which we conduct public discourse—in an age of angry noise, dignity is in listening as much as in speaking, in respecting disagreement as much as in asserting belief.” He reminisced about the distinguished public life of his father Dr. L. M. Singhvi and said, “Dignity for him was not merely a constitutional idea, but a lived practice—to embody, exhibit, breathe, and live it more in political, legal, public, social, or cultural life.” In his Welcome Address, Professor (Dr.) C. Raj Kumar, Founding Vice Chancellor, O.P. Jindal Global University, said, “Democracy is not just a system of governance, it is a culture of the human spirit. We gather today in memory of Dr. L. M. Singhvi, legal luminary, diplomat, jurist, parliamentarian, interfaith exponent, cultural custodian, and visionary. As India’s voice to the world, and the longest-serving diplomat in the UK, he articulated Indian values on the world stage with grace and substance. Dr. Singhvi championed unity, defined tolerance, and human understanding; whether through building the Nehru Centre in London or organising interfaith dialogues, he fostered bonds that transcended dogma. As custodian of culture and civilisation, literature and heritage, Dr. Singhvi was a prolific author, a cultural advocate, and a human rights champion. His belief in law as a moral force defined his public life. He influenced legal reforms, advocated for the creation of the Lokayukta, and helped shape India’s National Human Rights Commission.” Dr. Raj Kumar thanked the illustrious gathering, especially lauding the efforts of Shri Naveen Jindal, Member of Parliament and Chancellor, O.P. Jindal Global University, who conceived the idea of building a world-class institution in Sonipat.

The Vote of Thanks was given by Mr. Avishkar Singhvi, Advocate, who said, “It is a profound honour for me to offer the vote of thanks at the culmination of the Eleventh Dr. L. M. Singhvi Memorial Lecture, an occasion which is much larger, with continuing scholarships, citations, seminars, and recognitions across the year. Tonight, we engage with an ideal—a vision of law, of democracy, and of human dignity, that continues to illumine our times.” The presenter of the event was Professor Shireen Moti, Associate Professor & Associate Dean, Jindal Global Law School, O.P. Jindal Global University.

(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

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