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India’s capital expenditure rose 18% in the April-August period, underscoring the government’s continued push to sustain infrastructure-led growth. The improvement came even as the fiscal deficit widened to 41% of Budget Estimates, reflecting slower tax collection growth and tighter revenue conditions.
Singaporean collector Peter Lee is drawing fresh attention to Indian textiles by framing them not only as objects of beauty, but as evidence of centuries of exchange across ports, markets and empires. His reflections on checks, chintz and other fabric traditions underscore how India’s material culture was shaped by trade routes that linked the subcontinent to Southeast Asia, the Middle East and Europe.
Petroleum Minister Hardeep Singh Puri said the government is prepared to intervene to prevent disorder in energy markets, underscoring New Delhi’s focus on stability amid global price volatility. His remarks come as policymakers continue to balance inflation control, fuel affordability, and fiscal discipline in a sensitive macroeconomic environment.
Financial Services Secretary Sanjay Lohia has convened a meeting with the heads of public sector banks, regional rural banks and NABARD on Monday to safeguard uninterrupted banking operations ahead of a proposed three-day strike from September 28. The move comes as the All India Bank Employees’ Association presses for a five-day banking week and warns of an indefinite strike from October 26 if the demand remains unresolved.
Morgan Stanley is working to contain the fallout after an accidental email disclosure reportedly exposed a list of more than 100 potential and ongoing transactions across Asia and other regions. The leak has raised immediate concerns over confidentiality, market sensitivity and internal controls, prompting scrutiny from India’s markets regulator, SEBI, as the bank assesses the scope of the breach.
The United Arab Emirates is preparing a fresh $25 billion investment push into India, underscoring the rapid expansion of one of Asia’s most strategically important economic partnerships. The two countries are also aiming to raise bilateral trade to $200 billion, with cooperation set to deepen across ports, shipping, space, logistics, fintech, artificial intelligence, emerging technologies and energy security.
The National Bank for Agriculture and Rural Development is preparing to step up financial support for water security projects in Rajasthan, with a focus on the Rural Infrastructure Development Fund and other lending channels. The move signals a broader effort to strengthen drought resilience, rural water access and climate-adaptive infrastructure in one of India’s most water-stressed states.
The National Bank for Agriculture and Rural Development is considering stepping up financial support for water security projects in Rajasthan, with the Rural Infrastructure Development Fund and other instruments likely to be used more aggressively. The move comes as the state seeks durable financing for water conservation, storage and supply systems in a region where scarcity remains a structural economic constraint.
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