BUSINESS
Long lines, corruption claims mar ‘Subhadra’ Yojana set to launch on PM Modi’s birthday: Reports
To mark the launch, Modi will initiate fund transfers for more than 10 lakh women, with payments scheduled for Rakhi Purnima and International Women’s Day over the next five years. Each recipient will also receive a Subhadra debit card issued by the National Payments Corporation of India (NPCI).
BUSINESS
GST evasion doubles to Rs 2.01 lakh crore in FY24, this city tops the list
Overall, the total GST evasion detected by DGGI officers and the Central GST zones for FY24 reached over Rs 2.37 lakh crore across 20,576 cases, including Rs 2.01 lakh crore by DGGI and Rs 35,377 crore by CGST zones.
INDIA
India likely to finalise $3.9 billion deal for 31 MQ-9B predator drones with US: Report
India also plans to equip the drones with indigenous weapons in the future, such as the naval short-range anti-ship missiles (NASM-SR) currently being developed by DRDO.
INDIA
Declined opposition’s offer for PM candidacy ahead of LS polls; my ideology, party come first: Nitin Gadkari
Although Gadkari did not name the politician behind the offer, it is known that the INDIA alliance, a coalition of opposition parties, has frequently praised the senior BJP leader, who represents Nagpur in the Lok Sabha.
BUSINESS
Adani Green Energy names Saurabh Shah new CFO as Phuntsok Wangyal steps down
Saurabh Shah, who currently serves as Deputy Chief Financial Officer at Adani Enterprises Limited, will bring over 22 years of extensive experience in financial management to his new role.
WORLD
Following Namibia, Zimbabwe to cull 200 elephants amidst severe food crisis
With an estimated 100,000 elephants—making it home to the second-largest elephant population in the world—Zimbabwe faces a significant challenge.
INDIA
Samajwadi Party MLA, wife booked for torture and child labour, minor rescued from their home
The case comes on the heels of a tragic incident earlier this week when another teenager, also working at Beg's residence, died by suicide. This prompted the authorities to investigate the conditions under which the minors were being employed.
INDIA
Hezbollah fires 55 rockets at northern Israeli city of Safed; no injuries reported
The IDF later confirmed that approximately 20 rockets crossed into Israeli territory during this initial barrage. At 9:00 a.m., a second wave of sirens blared in towns across the Upper Galilee, as a further 35 rockets were fired.
INDIA
Torrential Rain Hits Agra: Water leakage from Taj Mahal dome reaches Shah Jahan’s tomb chamber
Water leakage from the dome also reached the chamber housing the tombs of Mughal emperor Shah Jahan and his wife Mumtaz Mahal. A video of the inundated garden has been circulating on social media, sparking concern and curiosity among locals and tourists.
WORLD
Endured bombings, missiles, Russian soldiers’ friendly fire: Indian survivor of Ukrainian war front describes harrowing ordeal
Sufiyan described the relentless fear and struggle for survival. “Every day was a constant battle to stay alive,” he said. “We had to endure bombings, missile strikes, and even friendly fire from Russian soldiers trying to intimidate us.”
BUSINESS
LG Electronics taps top banks for $1.5 billion IPO of Indian unit: Report
While deliberations are still in progress, the final details regarding the size and timing of the offering could change. LG is expected to file a prospectus with India’s stock market regulator as early as next month.
WORLD
Elon Musk elevates security from casual bodyguards to ‘mini-secret service’ level amidst rising threats
Musk, known for his devil-may-care public persona and his habit of mingling with celebrities and world leaders, has become significantly more guarded in private.
BUSINESS
FAC grants Vedanta in-principle nod for oil drilling in Assam’s Hollongapar Gibbon Sanctuary: Report
The regional committee's recommendations stressed that exploration activities must adhere to safety protocols outlined in a parliamentary report on petroleum and natural gas, which followed the Baghjan oil and gas leak disaster of May 2020.
BUSINESS
Centre finalises Companies Act changes to boost capital access for bankrupt firms, tighten audit rules: Report
In addition to the Companies Act amendments, the Ministry of Corporate Affairs is also working on changes to the Insolvency and Bankruptcy Code (IBC). The proposed amendments will further clarify the priority of repayments owed by distressed companies to statutory agencies.
INDIA
Maharashtra government shifts Eid-e-Milad holiday to September 18 in Mumbai, here’s why
The Khilafat House in Byculla, representing the Muslim community, proposed the change, which was accepted by the state authorities.
INDIA
Sensitive material holding up High Court Chief Justice appointments, says Attorney General
During the proceedings, CJI Chandrachud revealed that he had discussed the issue with the Attorney General a day earlier, requesting him to resolve the obstacles preventing the implementation of the collegium’s resolutions.
WORLD
Osama bin Laden's son Hamza bin Laden still alive, guarded by 450 snipers, planning attacks on US: Report
Hamza bin Laden and his four wives are believed to have sought refuge in Iran for several years to avoid CIA detection. Despite previous claims of his death, no DNA confirmation was ever provided.
INDIA
Jammu & Kashmir: Two soldiers killed, two injured in encounter with militants in Kishtwar district ahead of elections
This encounter comes just days after security forces killed two militants in Udhampur district and ahead of the first phase of polling in Kishtwar on September 18.
INDIA
‘Police watched as mob attacked’: West Bengal doctors demand action from President, PM in a 4-page letter
The doctors accused the state police of being passive during the attack, describing the atmosphere as one of "fear, distrust, and hopelessness." In response, they have been organizing medical camps under the Abhaya Clinics initiative to continue providing healthcare services to the public.
BUSINESS
Government lifts minimum export price on onions and basmati rice to boost farmer benefits
The removal of the MEP is expected to benefit Indian farmers by allowing them to tap into the international market amidst an onion surplus. The move is also seen as strategic, coming ahead of assembly elections in Maharashtra, a major onion-producing state.
BUSINESS
Torrent Group set to acquire majority stake in Gujarat Titans, Adani Group withdraws from race: Report
The Adani Group, led by Gautam Adani, was also in the race to acquire Gujarat Titans but is said to have stepped back due to the franchise's high valuation.
INDIA
Main accused in Chandigarh grenade blast arrested, Khalistan link suspected: Report
US-based Khalistani gangster Harpreet Singh, alias Happy Passia, claimed responsibility for the blast, which he said was a revenge attack against a retried police officer. The officer moved out of the house two years ago
BUSINESS
Indian electric two wheeler-maker Ather Energy files for IPO, including Rs 3,100 crore fresh issue
Electric two-wheeler manufacturer Ather Energy has announced its plans to go public with an initial public offering (IPO).
BUSINESS
EV prices to match petrol, diesel vehicles in two years, says Nitin Gadkari
During his address, the minister also urged automobile companies to contribute to road safety initiatives through their corporate social responsibility (CSR) programs.
