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    September 11, 2026
    Parbhani civic staffers suspend strike after agreement on pending salaries of two months
    September 11, 2026
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    September 11, 2026
    RBI should hike rate by 25 bps in Oct to counter external shocks: SBI Research
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    September 11, 2026
    Banking services affected across country as unions strike work seeking 5-day week
    September 11, 2026
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September 11, 2026
Parbhani civic staffers suspend strike after agreement on pending salaries of two months
Show AI Summary
Municipal salary arrears and GST grant demands prompted temporary strike suspension after payment and committee assurances.
Municipal employees temporarily suspended their strike after the administration committed to pay two months' pending salaries by September 15 and arrange clearance of remaining salary arrears within 30 days. The employees had sought payment of salary arrears, increased GST grants to the civic body, and release of the outstanding difference in GST grants. A committee is to pursue the pending GST grant proposals at the government level.
September 11, 2026
Bengaluru girl missing for over seven months traced using Aadhaar OTP
Show AI Summary
Aadhaar-linked OTP information enabled tracing of a missing adult while investigation continued to locate the minor companion.
Aadhaar-linked OTP information assisted investigators in tracing an adult student missing for more than seven months. A recent Aadhaar-based transaction recorded her husband's mobile number for OTP receipt, allowing police to trace the number and locate her. The CID had assumed investigation pursuant to a High Court order on a habeas corpus petition. The student was produced before the High Court, while tracing efforts continued for her minor companion, who remained missing.
September 11, 2026
RBI should hike rate by 25 bps in Oct to counter external shocks: SBI Research
Show AI Summary
Inflation risks from oil shocks support proposed policy-rate tightening to prevent broader consumer-price pressures before they become entrenched.
Monetary policy tightening is advocated to counter persistent external shocks, elevated crude oil prices, and expanding inflationary pressures. The proposed response is based on the risk that sustained high oil prices may raise consumer-price inflation and entrench inflation before a complete cost pass-through occurs. Banking-system liquidity has increased through foreign currency deposit inflows, but anticipated strong credit demand is expected to absorb the surplus and normalise liquidity by the end of the financial year.
September 11, 2026
BJP seeks Vijayan's resignation as LoP; CPI(M) calls ED move 'political'
Show AI Summary
Money-laundering investigation prompts competing demands for a police case and allegations of political misuse by investigators.
Enforcement Directorate action in the CMRL-linked matter prompted a request for registration of an FIR based on material recovered during investigation and searches under the Prevention of Money Laundering Act. BJP representatives asserted that the material warranted investigation under the Prevention of Corruption Act and alleged delay in acting on it. CPI(M) representatives disputed the investigation's neutrality, alleging coercive collection of statements and political misuse of investigative processes. The reported allegations and counter-allegations concern initiation and conduct of a criminal investigation.
September 11, 2026
Major northern England delegation to India to tap into FTA benefits
Show AI Summary
India-UK free trade agreement drives northern England delegation to develop trade links, investment pipelines, and long-term India partnerships.
India-UK Comprehensive Economic and Trade Agreement implementation is being leveraged through a strategic partnership supporting the Great North Mayor Mission to India. The mission is intended to convert free-trade opportunities into investment, commercial engagement, employment and sustained business relationships. Northern England's regions will combine collective engagement with region-specific market strategies, relationship-building and operational programmes focused on their respective economic strengths.
September 11, 2026
Rupee falls 2 paise to close at 95.54 against US dollar
Show AI Summary
Rupee depreciation reflects risk aversion and elevated crude prices, while central-bank support may cushion lower-level pressure.
Rupee depreciation against the US dollar continued amid global risk aversion, elevated crude oil prices, higher bond yields and weak domestic sentiment. Lower crude prices, recovery in domestic equities and suspected Reserve Bank of India intervention supported a partial intraday recovery. Foreign-exchange conditions were also influenced by dollar strength, inflation concerns, anticipated US data, domestic equity declines and net foreign institutional equity sales. India's foreign-exchange reserves rose sharply to a record level despite continuing currency-market volatility.
September 11, 2026
Modi pushes BRICS to tear down trade barriers, backs freedom of navigation and seafarers' safety
Show AI Summary
Trade barrier reduction within BRICS is linked to startup expansion, business partnerships, digital cooperation, and secure maritime commerce.
BRICS economic cooperation is advanced through proposed removal of major trade barriers, expanded cross-border investment and business ties, and measurable annual targets for startup expansion and commercial partnerships. Secure sea lanes, open supply routes, freedom of navigation and seafarer safety are treated as necessary for global trade and supply-chain continuity. Infrastructure, strategic technologies, startup innovation and digital public infrastructure are identified as platforms for deeper cooperation, supported by incubator, MSME, startup, agriculture, health care, skills and smart-grid networks.
September 11, 2026
Banking services affected across country as unions strike work seeking 5-day week
Show AI Summary
Five-day banking week demand prompts nationwide union strike, disrupting public-sector banking operations and escalating action over unresolved pension issues.
Nationwide bank employee strike action disrupted cash deposits, withdrawals, cheque clearances and administrative work, principally at public sector bank branches. The principal demand is implementation of a five-day banking week by declaring all Saturdays as holidays. This demand is linked to the 12th Bipartite Settlement but remains pending government notification. Other unresolved demands concern pension updation, a uniform dearness allowance formula for pensioners, and an option for National Pension System employees to shift to the Old Pension Scheme.
September 11, 2026
ED flags overseas shareholding of K'taka minister Satish Jarkiholi's family; 'bribes' in PWD
Show AI Summary
Foreign exchange compliance investigation examines alleged overseas shareholdings, unauthorised cash investments, and contractor-bribery evidence linked to public works tenders.
Foreign Exchange Management Act investigation into alleged undisclosed overseas investments led to searches of premises connected with a Karnataka public works minister, family members, associates and a private company. The investigation alleges foreign shareholdings, cash investments in a Congo-based entity through unauthorised channels, and bribe payments connected with a public works tender and foreign asset acquisition. Cash, foreign currency, digital devices and records relating to foreign entities and alleged contractor-bribery collections were seized.
September 11, 2026
Vijay Mallya continues to evade Indian law, recovery of assets doesn't absolve him: ED to HC
Show AI Summary
Asset restoration under anti-money-laundering law does not itself terminate criminal prosecution or excuse evasion of legal process.
Money-laundering prosecution is not rendered infructuous merely because claimant banks recover debts from attached assets restored to them. Restoration under the Prevention of Money Laundering Act enables legitimate claimants to recover losses but does not cancel or require discontinuance of criminal proceedings concerning alleged laundering and misappropriation of bank-loan funds. The Enforcement Directorate also maintains that failure to respond to summons and submit to criminal-court jurisdiction remains material to the proceedings.
September 11, 2026
FM urges RBI to advance CBDC, sharpen digital rupee capabilities amid tokenisation push
Show AI Summary
Central bank digital currency development should support tokenised settlement while cybersecurity safeguards address AI-driven systemic risks.
Central bank digital currency development was urged to be advanced through wholesale and retail pilots, with stronger digital rupee capabilities supporting tokenisation. A tokenised corporate bond pilot showed that the digital rupee can enable simultaneous transfer of asset and payment legs, permitting settlement on the payment date. Tokenisation may reduce intermediaries and accelerate transfers, but requires systemic-risk and cybersecurity safeguards because errors, fraud and market shocks may spread faster. AI can improve fraud detection while also enabling sophisticated automated cyberattacks.
September 11, 2026
Bank employees stage protests in Himachal over 5-day work week demand
Show AI Summary
Five-day banking workweek demand drives nationwide employee protest over delayed implementation and performance-linked incentive concerns.
Bank employees and officers supported a nationwide strike seeking implementation of a five-day banking system following delay in acting on an agreement between banking unions and the Indian Banks' Association. The proposed arrangement contemplated Saturday holidays with increased daily working hours to preserve customer-facing banking hours. Union representatives also objected to a unilateral and discriminatory Performance Linked Incentive scheme and sought bilateral discussions to resolve pending workweek, incentive, and other banking-sector issues.
September 11, 2026
Phi Commerce goes beyond payments with new UPI credit, issuer and open-commerce infrastructure
Show AI Summary
UPI-native credit infrastructure enables pre-approved credit lines, issuance management, interoperable payments and financing across digital commerce.
Credit Line on UPI (CLOU) enables banks to offer pre-approved, risk-graded credit facilities directly through a customer's UPI ID for merchant transactions. The platform consolidates customer eligibility assessment, credit-line creation, digital consent and activation, transaction processing, risk controls, billing, payments and collections. PhiAMS supports the credit lifecycle from origination and product configuration to limit management, authorisation, billing, collections, risk management and customer servicing.
September 11, 2026
Exports from BRICS rise to USD 6 trillion in 2024, says Goyal
Show AI Summary
BRICS trade cooperation highlights export growth and addresses non-tariff barriers, value chains, agriculture, services and digital economy.
BRICS trade cooperation is marked by reported growth in member-country exports and a near doubling of BRICS nations' share of global exports. Business-forum discussions address non-tariff barriers affecting global value chains, agriculture and agri-technologies, services trade, women-led enterprises and the digital economy.
September 11, 2026
Record weekly jump of USD 44.9 bn takes forex reserves to new lifetime high of USD 785.71 bn
Show AI Summary
Foreign exchange reserve accumulation through concessional forex swaps strengthened foreign currency assets while gold reserves and special drawing rights declined.
India's foreign exchange reserves increased by USD 44.903 billion to USD 785.706 billion in the week ended September 4, following an increase in the preceding reporting week. Reserve accumulation resumed after concessional forex swap initiatives announced amid local-currency depreciation. Foreign currency assets rose to USD 648.168 billion, including valuation effects from non-US currencies. Gold reserves and special drawing rights declined, while the reserve position with the International Monetary Fund increased marginally.
September 11, 2026
ED arrests additional collector in Chhattisgarh PSC irregularities case
Show AI Summary
Money laundering investigation into public service examination irregularities resulted in arrest and proposed custodial interrogation of an additional collector.
Money-laundering proceedings under the Prevention of Money Laundering Act concern alleged corruption, question-paper leaks, and manipulation of state Public Service Commission examinations conducted in 2020 and 2021. An additional collector, formerly an officer on special duty in the office of the then chief minister, was arrested in connection with the investigation. Custodial interrogation is proposed to be sought before the special Prevention of Money Laundering Act court.
September 11, 2026
Trusted Innovation: Shaping the Future of Finance - Keynote address delivered by Shri Shirish Chandra Murmu, Deputy Governor, Reserve Bank of India at the Global Fintech Fest (GFF) 2026, in Mumbai on September 11, 2026
Show AI Summary
Trusted financial innovation requires resilient payments, inclusive design, accountable digital lending, responsible AI, and proportionate risk-based regulation.
Trusted financial innovation requires financial stability, customer protection, security, transparency, accountability and fairness. Digital payments, as critical infrastructure, require operational and cyber resilience, ecosystem-wide fraud prevention, effective authentication, grievance redressal and timely customer access to funds. Digital lending does not dilute regulated-lender responsibility; borrowers must understand loan terms, and data use must be consent-based, purpose-linked and secure. Institutions remain accountable for algorithmic decisions, model bias and explainability. Regulation should be proportionate to risk while supporting inclusive, resilient innovation.
September 11, 2026
Shaping the Next Decade of Finance – Technology, Trust and Innovation - Keynote Address by Shri Sanjay Malhotra, Governor, Reserve Bank of India at the Global Fintech Festival 2026, Mumbai on September 10, 2026
Show AI Summary
Trusted fintech innovation requires inclusive design, consent-based data use, resilience, responsible scaling, and proportionate activity-based regulation.
Fintech should advance financial inclusion through accessible savings, insurance, pensions and small-ticket credit, while AI, quantum computing and tokenisation serve consumer service, credit assessment, efficiency and fraud prevention. Trust requires mitigating AI-related risks, treating customer data as a fiduciary responsibility, using consent-based and purpose-limited data sharing, and maintaining resilience, continuity and cybersecurity at scale. Regulation is proportionate and activity-based, calibrated to risk, capacity, systemic significance and consumer conduct.
September 11, 2026
Commerce and Industry Minister Shri Piyush Goyal, Minister of Industry and Trade of the Russian Federation Mr. Anton Alikhanov visit NICDC pavilion at INNOPROM India 2026
Show AI Summary
Industrial smart cities support manufacturing partnerships, localisation, technology collaboration and investor facilitation for expanded operations in India.
NICDC conducted business-to-business meetings with Russian counterparts, BRICS delegates, prospective investors and industry representatives to explore manufacturing partnerships, localisation, technology collaboration and supply-chain integration. Industrial Smart Cities were presented as platforms offering serviced industrial land, quality infrastructure, multimodal connectivity and investor facilitation for manufacturing investment. The engagements promoted collaboration among manufacturers, technology providers and supply-chain participants.
September 11, 2026
European Commission submits India trade deal to Council for signature
Show AI Summary
Free trade agreement implementation advances through signature, conclusion and parliamentary approval, enabling tariff reductions and predictable trade rules.
European Commission submission to the European Council seeks authority to sign and conclude the EU-India Free Trade Agreement. Following adoption and entry into force, the agreement is intended to improve market access, reduce tariffs, remove unnecessary trade barriers, and establish predictable rules for trade and investment. After Council approval, the final text requires European Parliament approval before implementation.

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Parbhani civic staffers suspend strike after agreement on pending salaries of two months

September 11, 2026

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Parbhani, Sep 11 (PTI) Employees of Parbhani City Municipal Corporation on Friday temporarily suspended their strike after the civic administration assured them that pending salaries of two months would be paid by September 15.

The employees had launched the stir demanding payment of pending salaries, an increase in GST grants to the civic body and release of the outstanding difference in GST grants.

The decision to suspend the agitation followed a positive discussion between municipal administration officials and representatives of employee unions on Friday.

According to a written communication issued by Municipal Commissioner Nitin Narvekar, two months' salary currently pending for employees would be paid by September 15.

The administration will also make arrangements to clear the remaining salary arrears within the next 30 days, it added.

Regarding the demand for increased GST grants and the pending difference in grant amounts, the civic administration said a committee would be formed to pursue the proposals pending at the government level. PTI COR BNM

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