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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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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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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.
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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.
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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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Shared traditions remind us India's soul eternally inclusive: UP CM Adityanath

October 31, 2025

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Varanasi (UP), Oct 31 (PTI) Uttar Pradesh Chief Minister Yogi Adityanath said on Friday that "our shared traditions, from the Ganga in Kashi to the Kaveri in Tamil Nadu, remind us that while languages may differ, India's soul remains one, eternally inclusive and unbreakable".

Attending the inauguration of a dharamshala (inn) built at the Kashi Natkottai Nagar Kshetram here, Adityanath began his address with "Vanakkam Kashi".

Vice President C P Radhakrishnan was the chief guest at the event.

Adityanath said it is a happy coincidence that during his trip to Uttar Pradesh, the vice president also visited Kashi, the city of Baba Vishwanath and the Lok Sabha constituency of Prime Minister Narendra Modi.

Built by the Srikashi Natkottai Nagar Kshetram Managing Society, the dharamshala was inaugurated by Radhakrishnan.

Adityanath said the sacred Jyotirlinga established by Lord Ram at Rameshwaram and the Adi Vishweshwara Jyotirlinga enshrined in Kashi are worshipped as one another.

Kashi Vishwanath and Rameshwaram are both divine manifestations of Lord Shiva, he said, adding that this beautifully represents the cultural unity of north and south India.

This connection, built through Ram and Shiva, was furthered by Adi Shankaracharya, who established sacred "peethas" in the four corners of the country, the chief minister said.

Adi Shankaracharya came to Kashi, attained enlightenment and spread the message of Advaita philosophy to the country, he said, adding that Kashi gave him self-knowledge and he gave the world self-realisation.

"It is our good fortune that this eternal tradition, which has been going on since ancient times, is being given impetus today by Prime Minister Modi. Under his illustrious leadership, the work to restore the respect for the country's glorious faith is progressing.

"Tenkasi in Tamil Nadu houses an ancient temple of Lord Viswanatha. Tenkasi means Kashi of the south. Pandya king Srihari Kesari Parikrama Pandyan brought the Jyotirlinga from Kashi and installed it in Tenkasi. Tamil Nadu also has a sacred place called Sivakasi," Adityanath said.

He said all elements of India's culture are equally preserved in Kashi and Tamil Nadu.

Sanskrit and Tamil literature are the oldest literature in India, he said, while asserting that all Indian languages and their literature embrace everyone.

"These sources of inclusive cultural inspiration maintain harmony and coherence in the society," the Bharatiya Janata Party (BJP) leader said.

Adityanath said recently, along with Union Finance Minister Nirmala Sitharaman, "we installed the statues of Sri Tyagaraja Swami, Sri Purandarasa Swami and Sri Arunachala Kavi, revered saints of south India who dedicated their lives to the devotion of Lord Ram, in Ayodhya Dham".

Prior to this, a statue of Ramanujacharya, the founder of Vishishtadvaita, was also installed in Ayodhya, he pointed out.

Adityanath said under Modi's leadership, after a 500-year wait, a grand Ram temple has been built in Ayodhya and the four main gates to the holy town have been named after Shankaracharya, Ramanujacharya, Ramanandacharya and Madhavacharya.

He said under Modi's leadership, Kashi is establishing a new paradigm of holistic development -- a blend of antiquity and modernity.

"Lord Buddha delivered his first sermon in Sarnath, near Kashi. Guru Nanak came to Kashi and preached the message of humanity. Goswami Tulsidas composed the Ramcharitmanas here. Sant Kabirdas and Sant Ravidas gave the society the invaluable message of harmony and humanity from this sacred land," the chief minister said.

He also said Kashi now combines devotion with development. "This balance is the hallmark of the sacred city. The Shri Kashi Vishwanath Dham is a living example of this. It has not only transformed the temple complex, but also provided a new cultural perspective by combining devotion with modern conveniences," Adityanath said.

Following its inauguration, there has been a significant increase in the number of devotees visiting Kashi from across the country and the world, he added.

Among the devotees, the majority are from Tamil Nadu and south India, he noted.

Adityanath informed that development projects worth Rs 51,000 crore have been approved in Kashi over the past years. Of these, projects worth Rs 34,000 crore have been inaugurated by Modi and projects worth more than Rs 16,000 crore are in various stages.

"Today, excellent road, rail, air and water connectivity is making life easier here. Very soon, the residents of Kashi will receive the gift of an urban ropeway from the prime minister. This will be environment-friendly and will give a new direction to public transportation," he said.

The chief minister said the dharamshala that has been inaugurated was built 200 years ago.

"However, in the intervening period, some people encroached upon the area and attempted to forcibly occupy it. As soon as I learned of this, I cleared the entire encroachment," he said.

Sitharaman had laid the foundation stone for the dharamshala. PTI NAV RC

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