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Gold Ride, Vivaldi, Royal Defender and Supreme Dance impress




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Golden Dancer and Mothers Grace impress




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Hyderabad Winter Races to commence on November 10




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Government reduces windfall tax on crude oil to ₹5,700 per tonne

The tax, levied as Special Additional Excise Duty (SAED), aims to moderate the impact of rising oil prices on consumers.




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India imposes anti-dumping duty on pentaerythritol imports from China, Saudi Arabia and Taiwan

Kanoria Chemicals had filed the petition seeking anti dumping probe




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India steps up critical mineral acquisition plans in Africa, challenging China’s dominance

Race for critical minerals primarily focuses on cobalt and copper – key EV battery making metals, apart from lithium.




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FAME-III scheme unlikely to extend benefits to hybrid vehicles as govt focuses on EVs, cabinet note ready

Maruti Suzuki India, Toyota and Hyundai Motor have been lobbying for tax cuts on hybrid vehicles




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Lt Gen Upendra Dwivedi appointed as next Chief of Army Staff

Lt. Gen Dwivedi brings extensive experience in military operations, technology integration, and strategic leadership, having served in various command and staff appointments throughout his illustrious 39-year career




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NDA Govt under CM Chandrababu Naidu to implement major policy overhaul in Andhra Pradesh

Andhra Pradesh Chief Minister Chandrababu Naidu expected to personally examine policy changes in all departments




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Cabinet clears ₹2,254 crore for national forensic infra enhancement scheme

Under this scheme, the MHA will establish campuses of the National Forensic Sciences University and central forensic science laboratories in the country




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Indian government hikes kharif crops support price by 1-13%

Farmers will receive ₹2-lakh crore from the new minimum support prices




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Govt approves viability gap funding for offshore wind energy projects

The outlay also includes ₹6,853 crore for installation and commissioning of 1 GW of offshore wind energy projects and a grant of ₹600 crore for upgradation of two ports to meet logistics requirements for offshore wind energy projects




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₹76,000-cr greenfield Vadhavan Port gets Cabinet nod

The greenfield port will be a key infra asset in IMEEEC project




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Centre notifies new Telecom Act effective June 26, replaces 138-year-old Telegraph Act

Key provisions include user protection, reforms in the right of way, optimal spectrum utilisation, and the introduction of biometric identification for new SIMs




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Interest subsidy scheme for exporters extended for 2 months for MSMEs

Claims of non-MSME exporters not to be entertained beyond June 30, 2024, says DGFT




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Government reconstitutes 8 Cabinet Committees

Government has reconstituted 8 Cabinet Committees with the Prime Minister heading six of them.




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Govt announces guidelines for funding testing facilities under National Green Hydrogen Mission

With a budget of ₹200 crore till FY26, the scheme aims to support the development of standards and regulatory frameworks in the Green Hydrogen sector.




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UP’s subsidy policy on strong hybrid cars different from FAME scheme: officials

The policy offers no registration cost for strong hybrid vehicles and provides a subsidy of ₹1 lakh or 15% of the ex-factory cost to customers, with a total outlay of ₹250 crore for 25,000 units




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Karnataka temporarily suspends job quota bill after backlash from industry

Influential figures such as Kiran Mazumdar-Shaw and TV Mohandas Pai had voiced strong opposition to the draft bill, citing concerns about its potential impact on business activities and the overall investment climate




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Two pre-Independence era acts to be re-enacted: Aircraft Act and Boilers Act get modern overhaul

In the upcoming Lok Sabha session, the Government will re-enact the Aircraft Act of 1934, introduce the Coffee Promotion Bill, and revamp the Indian Boilers Act of 1923 to modernise regulations and support the ‘Make in India’ initiative




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Oil Ministry announces plans for energy security fund

The Minister highlighted the importance of creating an energy security fund and exploring rare earth minerals




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Health Ministry directs FSSAI to waive off registration fee for street food vendors

Union Health Minister, Jagat Prakash Nadda also stressed on providing ‘Street Safe’ Rapid Testing Kit to ensure safe food is used by street food vendors and highlighted the need to empower them by enrolling them on food delivery platforms




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Disaster management Bill tabled in LS; Opposition says Bill encroaches on States’ jurisdiction

Centre asserts that there is no interference in the rights of the States as disaster management is the first responsibility of the States.




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Govt issues fifth draft notification to declare Western Ghats as ecologically sensitive area

The notification aims to safeguard the region by prohibiting activities such as mining, quarrying, sand mining, and new thermal power projects, while also restricting large-scale construction projects and townships




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Oil Ministry introduces Bill to amend Oilfields Regulation Act

Oil Ministry’s move to enhance the ease of doing business in the exploration and production sector




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Nirmala Sitharaman introduces Banking Laws (Amendment) Bill in Lok Sabha

The Bill seeks to give customers an option to increase the number of nominees per bank account to four, from existing one, among others




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Entering a decade of financial inclusion: PMJDY reaches 53 crore beneficiaries and ₹2.28 lakh crore in deposits

The scheme has largely been women-centric with 29.48 crore beneficiaries while 35.27 crore of total accounts are from rural and semi-urban branches




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Government partners with MicroSave to optimise Community Investment Support Fund

MicroSave has signed MoU with Rural Development Ministry on July 29




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Govt to provide financial assistance to North Eastern States for hydro power development

This scheme has an outlay of ₹4,136 crore to be implemented from FY25 to FY32




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Paytm gets Finmin approval for downstream investment into its payment services arm 

PPSL will now resubmit application with RBI for Payment Aggregator licence



  • Money & Banking

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Cabinet approves ₹6,456 crore worth of new rail projects across West Bengal, Jharkhand, Odisha and Chhattisgarh

Three projects include setting up of two new lines and one multi-tracking project across Indian Railways




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Defence Ministry cautions firms using Chinese parts for drones

Ministry dashes off a letter to industry bodies asking them to sensitise manufacturers against using Chinese parts for drones




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A dozen industrial smart cities worth ₹28,602 cr get CCEA approval

Projects to be completed by 2027, attract investment of ₹1.5 lakh crore, general 10 lakh direct jobs, says Piyush Goyal




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Govt proposes new window in NRS auctions for buying coal without end use requirement

Coal Ministry proposes new window in NRS Linkage Auction Policy for long-term coal linkages without end use restrictions




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Government may approve fresh applications for chip facilities in India

New projects could be announced in the upcoming Semicon India between September 11 and 13




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Govt extends interest equalisation scheme for exporters till September 30

This extension aims to promote the country’s outbound shipments and provide exporters with interest benefits.




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Most powers of controversial patents chief Pandit withdrawn 

businessline was the first to report administrative head of intellectual property rights in the country, Prof Unnat P Pandit, has been indicted in a computer purchase case




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India enforces mandatory CCI approval for M&As over ₹2,000 crore under new regulations

The updated regulations define ‘India nexus’ criteria, including user metrics and turnover, and introduce a ₹500 crore monetary threshold.  




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Centre Notifies NaBFID as a ‘Public Financial Institution’

NaBFID expects its total sanctions loan book to touch ₹2 lakh crore by March 2025, while disbursements are likely to be around ₹ 1 lakh crore



  • Money & Banking

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Govt brings all citizens aged 70+ under Ayushman Bharat’s ₹5 lakh health scheme

India expands Ayushman Bharat to cover 6 crore senior citizens aged 70+ with ₹5 lakh free health insurance per family, at a total cost of ₹3,437 crore




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Chennai Metro Phase 2 now a ‘Central Sector’ project, Centre to fund 65% of costs

The decision shifts financial responsibility largely to the central government, freeing up state resources and triggering loan renegotiations with international agencies. 




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Parliamentary panel expresses concern over CCI budget cuts

Panel seeks updates on pending competition cases, CCI’s backlog, and progress of the Draft Digital Competition Bill targeting the digital market




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QR code diktat to be widened for more medicines, says DCGI Raghuvanshi 

already Top 300 drug brands are already under mandatory QR code net 




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Centre releases ₹1.78 lakh crore to States towards tax devolution

Aimed at enabling States to accelerate capital spending ahead of festive season




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Government schemes catapulting India to become developed nation: Amit Shah

Modi government has ended “policy paralysis” and transformed India into an economic bright spot, says Union Home Minister Amit Shah




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GoM for freeing health insurance for senior citizens, all policies up to ₹5-lakh cover from GST burden

GoM suggests rate hike on high-end wrist watches, shoes; GST on packaged water to be cut




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Invoice Management System may add compliance for GST assesses, say tax experts

First GSTR-2B based on IMS to be generated for October on November 14.




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Family pension in case of two widows to be paid after deciding legality of second marriage

Existing rule says ‘widow’ or ‘widower’ shall mean a spouse, legally wedded to deceased government servant or pensioners.




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No merger of 50% DA into basic, as finance ministry issues order payment for 53% DA

DA to central government employees was enhanced from 50 per cent to 53 per cent of the basic pay with effect from July 1, 2024




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Bond between India, Russia is deep-rooted: Modi

Modi meets Putin on the sidelines of  BRICS summit in Kazan; talks focus on partnership across diverse sectors