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Category: NATIONAL

  • RBI Set to Inject ₹2 Trillion in FY26 to Counter Liquidity Tightening

    RBI Set to Inject ₹2 Trillion in FY26 to Counter Liquidity Tightening

    New Delhi, December 2, 2025 — The Reserve Bank of India is preparing to inject nearly ₹2 trillion into the financial system during FY26 to address tightening liquidity conditions and ensure smooth credit flow across sectors. The move is aimed at supporting economic momentum amid fluctuating global conditions and domestic demand pressures.

    Senior banking officials indicated that the liquidity infusion could be carried out through a mix of open market operations, variable rate repos and other policy tools. Economists believe this proactive step by the RBI will help stabilise interest rates, ease funding pressures on banks, and provide much-needed support to businesses and consumers.

  • British National Who Left IGI Airport Without Checks Remains Untraceable, Air India Denies Any Security Lapse

    British National Who Left IGI Airport Without Checks Remains Untraceable, Air India Denies Any Security Lapse

    New Delhi, December 2, 2025 — A major security concern has surfaced after a British national reportedly exited the Indira Gandhi International (IGI) Airport without undergoing mandatory immigration and security checks and is currently untraceable. The incident has triggered alarm within aviation and security agencies, prompting an internal investigation into how the passenger managed to bypass multiple layers of airport surveillance.

    Air India has strongly denied any lapse on its part, stating that all standard operating procedures were strictly followed by airline staff. Authorities are now reviewing CCTV footage, passenger movement logs, and airport protocols to determine where the breakdown occurred, while efforts are ongoing to trace the missing individual amid rising questions over airport security preparedness.

  • Supreme Court Stays Trial Against Former Karnataka CM BS Yediyurappa in POCSO Case

    Supreme Court Stays Trial Against Former Karnataka CM BS Yediyurappa in POCSO Case

    New Delhi, December 2, 2025 — The Supreme Court on Tuesday stayed the ongoing trial against former Karnataka Chief Minister BS Yediyurappa in a case registered under the Protection of Children from Sexual Offences (POCSO) Act. The apex court’s decision comes as a significant relief to the senior BJP leader, halting proceedings that were underway in a lower court.

    The court observed that serious questions of law were involved in the matter and agreed to examine the legal validity of continuing the trial at this stage. Meanwhile, political reactions have intensified across Karnataka, with opposition parties demanding accountability, while the BJP has termed the stay a vindication of Yediyurappa’s legal stand.

  • India Fast-Tracks Procurement of Advanced Heron MK-II Drones After Lessons from Operation Sindoor

    India Fast-Tracks Procurement of Advanced Heron MK-II Drones After Lessons from Operation Sindoor

    New Delhi, December 2, 2025 — In a major boost to India’s surveillance and strike capabilities, the government has moved to procure more Heron MK-II unmanned aerial vehicles following the operational success and strategic lessons drawn from Operation Sindoor. The advanced drones, equipped with long endurance, enhanced radar systems, and precision strike features, are expected to significantly strengthen India’s border monitoring and counter-terror operations.

    Defence sources indicated that the move reflects India’s growing push toward modern, technology-driven warfare and self-reliance in critical defence capabilities. The expanded drone fleet will enhance real-time intelligence gathering and rapid response capacity across sensitive regions, reinforcing India’s preparedness against emerging security threats.

  • Capex Curbs to Balance Tax Shortfall as Government Keeps Fiscal Targets Firm:

    Capex Curbs to Balance Tax Shortfall as Government Keeps Fiscal Targets Firm:

    New Delhi, December 2, 2025 — The government is resorting to selective cuts in capital expenditure to offset shortfalls in tax collections while ensuring that key fiscal deficit targets remain firmly on track, according to a recent report. The strategy aims to maintain macroeconomic stability without sharply impacting essential welfare and priority development programmes.

    The report highlights that while revenue growth has seen temporary pressure due to slower indirect tax inflows, authorities remain confident of meeting annual fiscal goals through disciplined spending and improved non-tax revenue mobilisation. Economists believe this balanced approach will help preserve investor confidence while keeping inflation and borrowing levels under control.

  • Winter Session Day 2: SIR Stir Continues as INDI Bloc Protests in Parliament

    Winter Session Day 2: SIR Stir Continues as INDI Bloc Protests in Parliament

    New Delhi, December 2, 2025 — The second day of the Winter Session witnessed continued disruption over the SIR issue, with the INDI Bloc staging a protest inside Parliament. Lawmakers raised slogans and demanded immediate attention to pending legislative matters, causing adjournments and heightened tension in both Houses.

    Parliamentary officials emphasized the need for constructive debate and timely resolution, noting that prolonged disruptions could delay critical bills and public welfare initiatives. Observers said the protest reflects deeper political friction on the issue, signaling that discussions are likely to continue in the coming days before a consensus is reached.

  • FM Sitharaman Stresses Global Cooperation to Tackle Emerging Tax Challenges

    FM Sitharaman Stresses Global Cooperation to Tackle Emerging Tax Challenges

    New Delhi, December 2, 2025 — Finance Minister Nirmala Sitharaman emphasized that international collaboration is essential to address evolving tax challenges in a rapidly globalizing economy. Speaking at a finance and taxation summit, she highlighted the need for coordinated policies to manage cross-border taxation, digital economy taxation, and prevent base erosion and profit shifting.

    Sitharaman noted that bilateral and multilateral frameworks will play a critical role in ensuring transparency and fairness in global taxation. She stressed that India is actively engaging with global partners to strengthen compliance mechanisms and create a more predictable tax environment for businesses and investors worldwide.

  • Central Excise (Amendment) Bill 2025: What It Means for Consumer Prices

    Central Excise (Amendment) Bill 2025: What It Means for Consumer Prices

    New Delhi, December 2, 2025 — The Central Excise (Amendment) Bill 2025 has been passed, bringing changes to excise duty regulations that could impact the pricing of several goods. The amendments aim to streamline tax administration, adjust duty rates, and eliminate certain exemptions, which may influence the cost of products ranging from fuel and alcohol to manufactured goods.

    Economists suggest that while some sectors may see a marginal rise in prices, others could benefit from reduced compliance costs and rationalized duties. Consumers are advised to stay informed, as the government’s next steps in implementing the bill will determine the overall effect on retail prices and industry profitability.

  • Kerala High Court Summons BYJU’S, RP-GLAS, and EY India Chiefs in Contempt Case

    Kerala High Court Summons BYJU’S, RP-GLAS, and EY India Chiefs in Contempt Case

    Kochi, December 2, 2025 — The Kerala High Court has issued summons to the heads of BYJU’S, RP-GLAS, and EY India in connection with a contempt case. The move comes after alleged non-compliance with previous court directives, prompting the judiciary to take a firm stance on adherence to its orders.

    Legal experts say the case highlights heightened accountability for corporate executives in India, particularly in matters involving judicial oversight. Observers note that the hearings could have broader implications for corporate governance practices and enforcement of court orders across the education and consulting sectors.

  • Global Leaders Praise India’s Rising International Standing Under PM Modi

    Global Leaders Praise India’s Rising International Standing Under PM Modi

    Pune, December 2, 2025 — India’s global influence has been increasingly recognized, with several international figures praising the country’s leadership under Prime Minister Narendra Modi. Analysts note that India’s diplomatic engagement, economic growth, and strategic initiatives have elevated its position on the world stage, drawing attention from governments and organizations worldwide.

    Experts say Modi’s leadership style, characterized by proactive diplomacy and regional cooperation, has helped India strengthen bilateral ties and participate more actively in global decision-making forums. The growing respect for India internationally is seen as a reflection of its expanding economic clout, strategic relevance, and soft-power influence in global affairs.