"Pressure on the current account is a temporary problem. Sooner rather than later, our external sector will improve," said RBI Governor Sanjay Malhotra.
The US Citizenship and Immigration Services (USCIS) has announced a significant increase in fees for the EB-5 Immigrant Investor Programme, effective November 30. This programme allows foreign investors, including many from India, to obtain permanent residency by investing in US commercial enterprises and creating jobs. The fee hikes, some more than doubling, are intended to fund USCIS operations, which are largely supported by fees rather than taxes.
Indian benchmark indices Sensex and Nifty saw a rebound in early trade, driven by a moderation in crude oil prices, despite persistent selling by Foreign Institutional Investors (FIIs) and mixed global market cues.
Aviation security watchdog BCAS is conducting trials of full body scanners at Bengaluru and Cochin airports. The trials aim to collect data to refine algorithms, addressing privacy concerns and ensuring the technology is suitable for Indian passengers before wider deployment across airports.
India's foreign exchange reserves decreased by $4.92 billion to $780.78 billion for the week ending September 11, primarily due to a reduction in foreign currency assets and gold reserves, as per the latest RBI data.
Reserve Bank of India (RBI) Governor Sanjay Malhotra stated that surplus liquidity in the banking system is expected to drain within the current financial year, utilising tools like currency leakage, sell-buy swaps, open market operations (OMOs), and variable rate operations.
Finance Minister Nirmala Sitharaman announced that India is set to introduce a new, more investor-friendly bilateral investment treaty (BIT) framework, which is expected to receive Cabinet approval shortly, aiming to provide sharper protection for investors from both sides.
A Delhi court has granted default bail to six Ukrainian nationals arrested in connection with an NIA probe into a drone-warfare training camp linked to ethnic armed groups in Myanmar, after the agency failed to file a chargesheet under UAPA within the stipulated time.
When it pretends to be deaf, a situation can snowball into something it cannot contain. The government cannot dismiss public anger merely because protests are inconvenient or politically embarrassing, asserts Ramesh Menon.
Atomic Energy Commission Chairman Ajit Kumar Mohanty announced that India's private sector is projected to invest Rs 7.5 lakh crore and contribute 30 GW towards the nation's goal of achieving 100 GW nuclear power capacity by 2047. This marks a significant policy shift, facilitated by the SHANTI Act, encouraging private participation in nuclear energy beyond the traditional public sector model. The country is also exploring Small Modular Reactors (SMRs) for industrial needs and advancing its three-stage nuclear power programme, leveraging its substantial thorium reserves.
US Vice President J D Vance has labelled the H-1B visa programme as "completely broken" and expressed support for its total abolition. He argues that corporations exploit the system to replace American workers with cheaper international staff, rather than bringing in elite talent. Vance also defended the controversial $100,000 levy on certain H-1B petitions, viewing it as a deterrent against cost-cutting exploitation.
A 25-basis-point increase would restore some real monetary restraint when expected inflation has risen, liquidity remains easy and growth is strong, points out Amarendu Nandy.
Delhi Police conducted a 96-hour special operation in west Delhi, arresting 19 individuals, including six foreign nationals, and recovering narcotics valued at approximately Rs 5 crore. The operation targeted organised drug supply chains, leading to 17 cases registered under the NDPS Act and the seizure of various illicit substances.
Former Pakistan fast bowler Shoaib Akhtar is being considered for a significant role within the Pakistan Cricket Board (PCB) as the board plans a major overhaul of its cricket think tank following a dismal tour of England.
The Ministry of External Affairs has issued a strong advisory warning Indian nationals against joining the Russian armed forces, citing significant mortal dangers. The MEA noted instances of individuals seeking recruitment for monetary benefits, with some even renouncing Indian citizenship. The government is actively engaged with Russia to ensure the safety and early discharge of Indians already serving, having secured the release of 139 nationals previously.
If the new MDR regime is rolled out from the middle of this month, as scheduled, it should count as one of the boldest political actions by the Modi government on an economic-policy issue, and a signal that it is less worried about erosion of political capital it draws from one of its key constituencies, notes A K Bhattacharya.
American coach Dave Cousins, who led India's compound archers to a historic Olympic quota at the Asian Games, faced a significant delay in receiving his salary for over three months. The Archery Association of India and Sports Authority of India have acknowledged the issue, attributing it to a technical problem, and assured that the payment will be cleared within days, resolving the coach's threat to quit.
The United States has announced new visa restrictions targeting individuals who engage in or facilitate "birth tourism." This move aims to prevent the exploitation of the US immigration system, which allows foreign nationals to travel to the US to give birth, thereby securing US citizenship for their children. The restrictions apply to facilitators, visa "fixers," and medical providers involved in these networks.
India's foreign trap shooting coach, Peter Wilson, has voiced his disappointment over the exclusion of World Championship bronze medallist Zorawar Singh from the Asian Games squad. Wilson highlighted Zorawar's calibre and the "great shame" of his omission, attributing it largely to the National Rifle Association of India's (NRAI) selection policy which prioritises domestic trials over international results. He also addressed the Indian shotgun team's recent poor World Cup performances and discussed the need for systemic changes to improve access to shotgun shooting in India.
Delhi Police launched a massive crackdown to prevent a protest against the Chief Election Commissioner at Jantar Mantar, detaining CJP leaders Abhijeet Dipke, YouTuber Dhruv Rathee, and nearly 500 others. The city was turned into a fortress with extensive security, metro closures, and barricades. Opposition parties, including AAP and Congress, condemned the actions, calling the situation "worse than the Emergency."
The Ministry of Home Affairs informed a Joint Committee of Parliament that the number of active NGOs registered under the Foreign Contribution (Regulation) Act has halved over the last decade, even as foreign funds received by them have significantly increased. Christian associations received the largest share of these funds in 2024-25. The report comes amidst discussions on a contentious FCRA amendment bill aimed at tighter government oversight.
United States Treasury Secretary Scott Bessent has warned that Iranian airlines could be effectively shut out of international travel from Wednesday, September 23, as Washington threatens secondary sanctions against foreign companies that continue providing services to Iran's carriers.
A senior Pakistan Army general has confirmed the presence of Pakistani troops in Saudi Arabia, operating in "multiple capabilities" and "domains" amidst escalating Houthi attacks. This deployment is linked to the Makkah defence pact, a trilateral agreement with Turkiye and Saudi Arabia for collective deterrence, though specific details remain classified. Both Pakistan and Turkiye emphasise the defensive nature of their involvement.
India has accumulated experience organically and in public, through blood, sweat and toil -- one commissioning and one agreement at a time -- and is called a regional power. China has accumulated hulls, by misdirecting its industrial capacity, and is mistakenly called a superpower. The Indo-Japan defence agreement pushes this theory to its limits without ever naming the dragon in the room, points out Dr Abhishek Puri.
Foreign Portfolio Investors (FPIs) have withdrawn Rs 20,974 crore from Indian equities in September, driven by global uncertainties, higher US interest rates and bond yields, elevated crude oil prices, and a weakening rupee.
A train attendant was arrested at Thane railway station for allegedly possessing 61 bottles of Goa-manufactured Indian-Made Foreign Liquor (IMFL) worth Rs 71,560. The seizure was made by the state excise department based on a tip-off, and the attendant has been charged under the Maharashtra Prohibition Act.
Indian High Commissioner to Bangladesh, Dinesh Trivedi, clarified that former Bangladeshi Prime Minister Sheikh Hasina's arrival in New Delhi two years ago was unexpected and not facilitated by the Indian military. He addressed ongoing extradition requests from the current Bangladeshi government, stating India acted out of duty during tragic circumstances in Bangladesh.
Indian benchmark stock indices, Sensex and Nifty, rebounded on Friday, driven by value buying in banking, oil & gas, and auto shares following recent sharp losses. The Sensex climbed 315.20 points to settle at 73,895.74, while the Nifty rose 77.40 points to 23,140.50.
After India's defeat despite scoring 249, Gautam Gambhir says only the openers are permanent in T20 cricket and backs a flexible batting order.
Donald Trump expressed confidence in a swift victory over Iran, suggesting military strikes before midterm elections are possible, with the primary goal of denying Tehran nuclear weapons. Meanwhile, Iranian Foreign Minister Seyyed Abbas Araghchi declared readiness for a "doomsday war" if hostilities resume, while also expressing openness to diplomacy if assets are unfrozen and oil sales allowed.
The CBI has registered a case against USA-based Christian missionary group The Timothy Initiative (TTI) and its associates for allegedly misusing Rs 92.55 crore in foreign funds for missionary activities, violating the Foreign Contribution (Regulation) Act, 2010. The case, based on a Union Home Ministry complaint and ED investigation, highlights the alleged use of foreign debit cards and attempts to conceal identities.
The Indian Football League (IFL) 2026-27 season will commence on October 16, with new regulations limiting foreign players to three in the starting line-up to boost local talent. Clubs also committed to enhancing youth development through AIFF academy accreditation.
A Delhi court has granted default bail to six Ukrainian nationals arrested in connection with an NIA probe into a drone-warfare training camp linked to ethnic armed groups in Myanmar. The court also discharged them from Immigration and Foreigners Act charges after the FRRO compounded the offences with a fine. The NIA's UAPA probe is ongoing, with a supplementary chargesheet possible.
Indian benchmark equity indices, Sensex and Nifty, closed higher on Monday, driven by softer-than-expected US jobs data which reduced expectations of aggressive monetary tightening by the US Federal Reserve, boosting risk appetite across emerging markets.
Sandeep Mistry, a key associate of fugitive businessman Nirav Modi, has been arrested by the CBI after his deportation from the UAE. Mistry is implicated in the Rs 6,498.20 crore Punjab National Bank scam, where he allegedly facilitated forged documents, coerced dummy directors, and siphoned funds. He has been remanded to judicial custody.
Dhiraj Bommadevara, India's top recurve archer, expresses no regrets despite missing an individual medal at his second Asian Games. He highlights his Games-record qualification score and team silver medals, viewing the experience as crucial for his preparation for the 2028 Los Angeles Olympics. Bommadevara emphasizes learning from past failures, the importance of a positive team environment, and the need to focus on improvement rather than dwelling on mistakes.
US President Donald Trump has extended the USD 100,000 fee on employers for H-1B foreign workers for another year, citing a significant decrease in registrations from large IT outsourcing firms. This move, aimed at protecting American jobs and ensuring highly-skilled workers, also includes a separate proclamation for enhanced scrutiny of H-1B applications, particularly concerning potential layoffs of US workers.
Non-resident Indian (NRI) deposit schemes witnessed a staggering 678.2 per cent increase, reaching $36.24 billion in the April-July period of FY27, primarily driven by strong FCNR(B) deposit flows and a concessional swap facility introduced by the RBI.
The GST Council, chaired by Finance Minister Nirmala Sitharaman, has begun deliberations on significant reforms, including decriminalising nine offences, softening provisions for 24, and raising the threshold for criminal prosecution to Rs 5 crore. The proposed changes also include scrapping the arrest powers of GST officers and introducing an 'invoice matching system' to combat fake input tax credit claims, aiming for a trust-based taxation approach and enhanced ease of doing business.
India is projected to attract between $80 and $85 billion through the Reserve Bank of India's (RBI) concessional swap facility, designed to boost foreign currency inflows, according to an SBI research report.
