PhonePe, at the Global Fintech Fest 2026, unveiled its strategic vision for the next decade, focusing on inclusive digital progress for individuals, households, and businesses across India. The roadmap details innovations in financial inclusion, wealth creation, credit access, and merchant solutions.
Iranian President Masoud Pezeshkian concluded his visit to India for the 18th BRICS Summit, announcing that Iran and the UAE agreed to move past previous tensions. This diplomatic breakthrough occurred during talks with Abu Dhabi's Crown Prince on the summit sidelines. Pezeshkian also met with PM Modi to discuss bilateral ties and West Asia developments, with Modi emphasising dialogue for regional peace. The BRICS summit adopted the New Delhi Declaration 2026, calling for global governance reforms and de-escalation in West Asia.
State Bank of India Chairman C S Setty stated that banks will take three to four months to deploy the significant funds mobilised through foreign currency non-resident (bank), or FCNR(B), deposits, which is unlikely to cause "abnormal lending". He also highlighted the need for agentic artificial intelligence (AI) costs to fall sharply for its widespread deployment in India, envisioning its role in transforming banking from fraud detection to personalised financial assistance.
'It is not economical to operate GSLV-Mk II due to its cost and complexity. Future launches to be managed with LVM3.'
National security advisor Ajit Doval arrived in Beijing on Monday for a two-day visit to take part in the Special Representatives talks on the India-China boundary question with his Chinese counterpart and Foreign Minister Wang Yi.
Jawaharlal Nehru Memorial Fund invites applications for Jawaharlal Nehru Scholarships for Doctoral Studies for the year 2026. A candidate may apply for scholarship in any one of the following areas of specialization:: Indian History & Civilization, Sociology, Comparative Studies in Religion & Culture, Ecology & Environment and Economics
Following Education Minister Dharmendra Pradhan's resignation amidst widespread student protests over the NEET paper leak, Congress leader Rahul Gandhi congratulated the youth, calling it a crucial step for education reform, and urged broader public action to hold the government accountable, demanding an apology from Prime Minister Narendra Modi.
The fiscal consolidation path and Rs 1 trillion stabilisation fund provide room to absorb mild shocks, but sustained oil-price increases pose risks.
'Uranium supply is going to come under increasing pressure.'
'The Chinese military cannot advance much in Ladakh, even if they want to.' 'Similarly, in Arunachal Pradesh, they can rename a village or two, intrude here or there, but cannot do much more realistically.'
Sashidhar Jagdishan, the managing director and CEO of HDFC Bank, has announced his decision not to seek reappointment and will retire at the end of his current term on October 26, concluding a six-year tenure marked by significant regulatory and governance challenges, including RBI restrictions, a major merger, and scrutiny over alleged illegal payments.
The Supreme Court has rejected a High-Powered Committee's request for a six-month extension to submit its report on the definition and protection of the Aravalli Hills, directing the panel to submit it by November 30. The court warned of reconstituting the committee if it fails to meet the deadline and emphasised the need for issue-specific interim reports. This decision follows a previous controversy over the Aravalli definition and mining regulations.
National Security Advisor Ajit Doval is in Beijing for the 25th round of Special Representatives talks on the India-China boundary issue with his Chinese counterpart Wang Yi. These crucial discussions precede Chinese President Xi Jinping's anticipated visit to India for the BRICS summit, offering a potential opportunity for a meeting with Prime Minister Narendra Modi. The talks aim to address the long-standing border dispute and recurring tensions, with both sides emphasising the importance of peace and tranquillity for bilateral relations amidst recent reports of aggressive Chinese posturing in Arunachal Pradesh.
'Wages have not risen. Rural wages have stagnated. The growth was 0.7 per cent last year. For casual and irregular labour, the wage growth is negative.'
The United States and the European Union have strongly criticised India's trade policies at the World Trade Organization review, highlighting concerns over high tariffs, quality-control orders (QCOs), and restrictions on digital trade and services, which they argue undermine India's economic openness.
'The fundamental issue that I have raised, how come India's GDP in current prices went down from Rs 86 lakh crore down to Rs 80 lakh crore -- a staggering erasure of Rs 6 lakh crore. This disappearance of Rs 6 lakh crore has not been answered by anyone.'
Rural commercial vehicle (CV) registrations have consistently outpaced urban sales from April to July 2026, driven by a significant diversification of the rural economy and the positive impact of GST-led consumption, according to experts and data from Fada.
The UN General Assembly has adopted a resolution, backed by India, to correct the world map for a more accurate representation of continental landmasses. The resolution addresses the distortions caused by the widely used Mercator projection, which minimises the perceived sizes of regions like Africa, Latin America, and South Asia, promoting an unbalanced global view. India supports the move towards more accurate cartographic practices, specifically endorsing broader use of Equal Area map projections.
Former Army chief General Manoj Naravane asserted that while India's immediate attention is on Pakistan due to terrorism, China will be New Delhi's primary long-term competitor across political, economic, trade, and military domains, necessitating a strong military deterrence alongside dialogue.
Justice Ashwani Kumar Mishra was sworn in as the Chief Justice of the Punjab and Haryana High Court, despite strong objections from the Punjab government. The Mann government claimed the appointment bypassed constitutional norms and procedures, leading to a political tussle with the Centre, which defended the process.
Lionel Messi, widely regarded as one of the greatest footballers of all time, has announced his retirement from international football, concluding a career marked by numerous club and international accolades, including multiple Ballon d'Or awards and a World Cup title.
Of the 37,448 candidates registered for the Foreign Medical Graduate Examination (FMGE) in June, 36,288 appeared and 4,635 qualified.
Nepal has launched a diplomatic initiative to secure climate-related compensation from major greenhouse gas emitters, asserting that post-disaster assistance for recent deadly flash floods should be viewed as a moral and legal liability, not charity. Foreign Minister Shisir Khanal highlighted Nepal's disproportionate suffering from global warming despite negligible emissions, citing rapid glacier melt and extreme mountain disasters. The country has formally approached the Loss and Damage Fund board for urgent financial aid following a catastrophic flash flood in the Bhotekoshi river basin.
'With factories starting early for the next season, fresh sugar will enter market 10-15 days earlier than usual, and sugar price are expected to remain affordable in near term.'
'Hanuman Ansh has demonstrated that content is king, and the audience is the ultimate judge.'
PTI Editor-in-Chief Vijay Joshi emphasised that democracy thrives on citizens who question everything, not those who blindly believe or disbelieve. Speaking at 'Media Conclave 2026', he highlighted the challenges posed by social media, the focus on speed over verification, and AI-generated fake content, stressing the importance of media credibility for informed decision-making.
An American Boeing C-17A Globemaster III military transport aircraft reportedly landed in Moscow on Monday morning, according to online air traffic monitoring systems, Russian news agency TASS reported.
Making UPI payments fee-based for some transactions could enhance mental reservations against digital payments -- which have largely been overcome -- once more. Do we want to regress?, asks R Jagannthan.
Trade negotiations between the United States and Canada have collapsed, leading to the US imposing 50% tariffs on nearly $28 billion worth of Canadian imports, with Canada immediately vowing to retaliate dollar-for-dollar.
India's statistics ministry has defended its newly released economic growth estimates, stating that revisions to last year's GDP and the divergence between different price measures reflect updated data and estimation techniques rather than an attempt to artificially boost headline growth.
'Value is not where you make money in India. It never has been.' 'You have to buy momentum.' 'Momentum is in technology, and I don't see that slowing down because I believe the AI infrastructure boom is going to last for a while.'
Nepal is grappling with the devastating aftermath of flash floods, with the death toll reaching 1,356 and nearly 5,000 people, including foreign nationals, still missing. Identification of bodies is a major challenge, with only a fraction identified so far. President Ramchandra Paudel has appealed for climate justice and national unity for relief efforts. International teams, including experts from India and China, are assisting in search and rescue, particularly at hydropower projects where workers are trapped. The country is also working to restore infrastructure and reassure tourists to protect its vital autumn tourism season.
'Once you're wrestling with making a merger of that scale value-accretive, you're also under pressure to keep growing the balance sheet and chasing liabilities, and other things start to slip as a consequence.'
'...especially pressure on the rupee, the current account deficit, and foreign exchange outflows.' 'The key question over the next several months is whether the government can prevent external turbulence from feeding into domestic economic pessimism.'
'I know China will implode. It is scientifically impossible for China to control a nation through the barrel of a gun.'
Southern chief ministers fear population stabilisation could reduce their parliamentary representation and tax devolution benefits.
'If investors are trusting a new establishment in Tamil Nadu, it speaks a lot of the state's investment climate.'
'If a student can get a good teacher, quality content and mock tests at no cost, it becomes very hard for a mid-tier coaching centre to keep charging for the same lecture.'
'The number of airport bundles that may be awarded to a single bidder would be capped.'
Fitch Ratings has affirmed India's sovereign credit rating at 'BBB-' with a stable outlook, acknowledging robust growth prospects and strong external finances. However, the agency highlighted concerns over elevated government debt, lagging structural metrics, and potential fiscal spending pressures due to rising youth unemployment.
