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International Relations

Russian President Vladimir Putin arrives in New Delhi for the BRICS summit

Russian President Vladimir Putin arrived in New Delhi to attend the BRICS summit hosted by India. The gathering is unfolding against a global economy strained by the Russia–Ukraine war, the West Asia crisis — particularly the blockade of the Strait of Hormuz — and the trade and tariff policies of the Trump administration in the United States, all of which are expected to shape the summit’s discussions.

Narendra Modi · CC BY 2.0

India’s GDP grows 7.8%; PM Modi urges citizens to cut gold buying and foreign travel

India’s economy grew 7.8% in the latest reading, even as Prime Minister Narendra Modi appealed to citizens to reduce gold purchases and foreign travel to strengthen the domestic economy. Modi made the appeal on September 1 in a video posted from the Shanghai Cooperation Organisation (SCO) summit in Bishkek, linking everyday spending choices to India’s goal of becoming a developed economy by 2047.

57th GST Council meeting rescheduled to October 7 after clash with BRICS Summit

The 57th GST Council meeting, originally scheduled for September 12, has been rescheduled to October 7 after it clashed with the BRICS Summit in New Delhi. The meeting is expected to take up pending Goods and Services Tax matters, including input tax credit (ITC), the treatment of corporate guarantees, and rate rationalisation — issues watched closely by industry and states alike.

Schemes

Public sector bank employees call nationwide strike despite withdrawal of PLI scheme

Public sector bank employees have announced a nationwide strike on September 11, followed by a second strike on September 28–30 and an indefinite strike from October 26. The unions are pressing ahead even after the government withdrew the performance-linked incentive (PLI) scheme, signalling that their other demands remain unresolved and setting up a prolonged phase of labour unrest in the banking sector.

Economy

India hosts 18th BRICS Summit in New Delhi; bloc now an 11-nation grouping with ~40% of global GDP

Narendra Modi · CC BY 2.0

India’s GDP grows 7.8%; PM Modi urges citizens to cut gold buying and foreign travel

57th GST Council meeting rescheduled to October 7 after clash with BRICS Summit

FCNR(B) deposits: RBI swap shields banks from currency risk on principal

International Relations

International Relations

Russian President Vladimir Putin arrives in New Delhi for the BRICS summit

International Relations

India and US armies deepen combat interoperability with 22nd ‘Yudh Abhyas’ exercise

Schemes

Public sector bank employees call nationwide strike despite withdrawal of PLI scheme

Schemes

Coal Ministry rejects ‘no takers’ claim; says TFL and NTPC applied for gasification scheme

Reports & Indices

India’s services activity keeps expanding in August; PMI rises to 54.1

Reports & Indices

CII Business Confidence Index rebounds to 66 in Q2 FY27