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    Banks to remain open on Sunday, 27th September, for convenience of customers
    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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Essential banking service continuity requires Sunday operations by public sector and regional rural banks during the proposed strike.
Public Sector Banks and Regional Rural Banks will function normally on Sunday, 27 September 2026, to prevent an extended interruption to public banking needs during the proposed nationwide strike. Reserve Bank approval covers full operation of branches, offices, ATM-link branches and Currency Chests, alongside measures intended to maintain uninterrupted essential banking services.
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.

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OPPI Annual Summit 2025 Highlights the 'Power of Partnership' in Driving India's Pharma Transformation

November 21, 2025

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The Summit highlights how collaboration, trust, and digital innovation are shaping India's evolution into a global pharma powerhouse committed to equitable access and patient-centric care. NEW DELHI, Nov. 20, 2025 /PRNewswire/ -- The Organisation of Pharmaceutical Producers of India (OPPI) organized its flagship Annual Summit today at Shangri-La Eros, New Delhi. The summit brought together a distinguished assembly of key Government officials, regulators, industry leaders, member organisations, academia, patient support groups, innovators and other key stakeholders. This year's summit, themed 'Power of Partnership', underscored the pivotal role of collaboration in propelling India's pharmaceutical sector toward global leadership by 2047. The theme celebrated the collective strength of alliances — between industry and government, science and technology, policy and practice — that enable breakthroughs in innovation, access, and quality healthcare. It emphasized that India's vision of transforming from the Pharmacy of the World to a Pharma Powerhouse to the World can only be realized through sustained partnerships grounded in trust, transparency, and shared purpose. Bhushan Akshikar, President – OPPI, President & Managing Director, GlaxoSmithKline Pharmaceuticals Limited, said: "The OPPI Annual Summit celebrates the spirit of collaboration and the transformative power of partnership, that continues to shape India's healthcare landscape. This platform serves as a reminder that the greatest breakthroughs in healthcare emerge when diverse minds unite behind a shared vision of advancing innovation and delivering quality care to every patient. Partnerships are not merely alliances; they are the catalysts that turn scientific discovery into meaningful impact. By combining the strengths of industry, government, academia, and the medical community, we can accelerate innovation, strengthen healthcare delivery, and create sustainable solutions that reach those who need them most. Together, we have the opportunity to reimagine healthcare — one that is data-driven, digitally enabled, and deeply human in its purpose. The power of partnership will define how effectively we translate today's ideas into tomorrow's healthier, more resilient India." Anil Matai, Director General, OPPI, said: "The OPPI Annual Summit stands as a celebration of collaboration and shared purpose — a forum that unites leaders, innovators, and changemakers across the healthcare ecosystem to shape a collective vision for India's healthcare future. The theme, Power of Partnership, reflects our belief that meaningful progress in innovation, access, and quality healthcare can only be achieved through collaboration grounded in trust, transparency, and a shared commitment to improving lives. By fostering collaboration between the public and private sectors, we can accelerate the development of cutting-edge therapies, ensure the timely availability of affordable medicines, and build robust systems that enhance patient outcomes. Partnerships also empower us to integrate digital health solutions, advance R&D capabilities, and drive the transition towards value-based care. As India moves toward the Viksit Bharat vision, our mission must be to harness the country's immense scientific talent, entrepreneurial energy, and digital potential to strengthen the healthcare infrastructure for generations to come. The journey to becoming a global healthcare powerhouse will be defined by how effectively we work together — breaking silos, aligning goals, and ensuring that innovation reaches every patient in need. At OPPI, we remain deeply committed to enabling these partnerships — partnerships that are not only about collaboration but about co-creation; not only about progress but about purpose. The strength of the alliances we build today will determine how successfully we can realize the vision of a healthier, self-reliant, and inclusive India — one where innovation thrives, access is equitable, and quality care is the right of every citizen." The summit also marked the launch of a landmark report, 'Fuelling Innovation, Advancing Equity: The Power of Partnerships and Digital-First Strategies Driving Indian Pharma's Global Dominance', developed in collaboration with EY Parthenon (EY-P). In addition, OPPI unveiled the 'Essays on Innovation' publication and a Coffee Table Book celebrating milestones in India's healthcare journey. The OPPI – EY-P report presents a comprehensive view of India's rapidly evolving pharmaceutical sector, emphasizing how collaboration and digital transformation are shaping its journey from being the 'Pharmacy of the World' to a global innovation powerhouse. The report highlights India's strengths in generics, growing innovation and IP capabilities, and its expanding footprint across biopharma, biotech, APIs, CDMOs, MedTech, and digital health. It underscores that strategic partnerships among government, industry, academia, startups, and civil society are vital to achieving healthcare equity at home while boosting global competitiveness. Through case studies and industry insights, it explores opportunities in R&D, clinical trials, supply chain resilience, AI-driven transformation, and healthcare access innovations, positioning India as a preferred global investment and innovation destination. Essays on Innovation, launched by OPPI at its Annual Summit, celebrates innovation as the cornerstone of progress — the bridge between imagination and impact that fuels economic growth, transforms societies, and paves the way for Viksit Bharat @2047. The publication brings together insights from 39 distinguished voices across India's healthcare and life sciences ecosystem — spanning industry, academia, policy, media, and patient groups — each sharing their vision of how innovation can drive India's journey from being the 'Pharmacy of the World' to becoming the Pharma Powerhouse of Innovation for the World. Marking sixty years of purposeful leadership, the OPPI Coffee Table Book chronicles its legacy of shaping policy, elevating standards, and building partnerships that transformed India's healthcare landscape. It captures defining milestones, campaigns, and collaborations that strengthened access, innovation, and patient-centric progress across the nation. The Annual Summit celebrated exceptional contributors and innovators in the healthcare sector with the prestigious OPPI Awards. Presented during the summit, these awards recognized excellence, innovation, and a steadfast commitment to enhancing healthcare in Bharat. The esteemed OPPI Awards for 2025 included: OPPI Lifetime Achievement Award 2025 Dr. D. Nageshwar Reddy, Founder and Chairman, Asian Institute of Gastroenterology & AIG Hospitals OPPI Scientist Awards 2025 Young Scientist of the Year Dr. Chinmoy Kumar Hazra, Associate Professor, Department of Chemistry, Indian Institute of Technology, Delhi Woman Scientist of the Year Prof. (Dr.) Sheffali Gulati, Faculty-in-charge, Child Neurology Division, Department of Pediatrics, All India Institute of Medical Sciences, New Delhi Scientist of the Year Dr. Malla Reddy Chilla, Professor, Department of Chemistry, Indian Institute of Technology, Hyderabad OPPI Excellence in Innovation Award for Healthcare Start-up of the Year 2025 Aarca Research India Pvt Ltd About OPPI The Organisation of Pharmaceutical Producers of India (OPPI) established in 1965, represents the research-based global pharmaceutical companies in India. OPPI has been an integral part of the healthcare journey of the country. We remain committed to supporting the nation's healthcare objectives, putting patients at the core of all decision making and collaborating with all stakeholders to find sustainable solutions to realize the collective vision of Health for All. Our member companies have been serving the country's healthcare ecosystem since pre-independence and continue to remain committed to patient safety and providing quality care in the future as well. As an association, our advocacy decisions, patient commitment and work are always keeping the country first and we embody the spirit of working for 'Bharat Ke Liye'; driven with innovation to find solutions for unmet medical needs, collaboration with Government stakeholders, and co-creation with partners coming together to address the nation's healthcare challenges. We are committed to the Hon'ble Prime Minister Shri Narendra Modi-ji's clarion call of 'Jai Vigyan and Jai Anusandhan'. Photo: https://mma.prnewswire.com/media/2828663/OPPI_Annual_Summit_2025.jpg' alt='Embedded Media' /> Logo: Embedded Media (Disclaimer: The above press release comes to you under an arrangement with PRNewswire and PTI takes no editorial responsibility for the same.). PTI

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