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FCNR(B) deposits: Who bears the currency risk? | Explained
English

FCNR(B) deposits: Who bears the currency risk? | Explained

The Reserve Bank of India launched a special swap facility in June 2026 to attract non‑resident Indian deposits in foreign‑currency non‑resident (FCNR(B)) accounts, later closing the window on August 31, 2026. While the scheme exceeded its $50 billion target by mobilising over $127 billion, the RBI hedged only the principal amount, leaving interest‑payment risk to the banks.

The Hindu National
10 Sept 2026
Even kids’ nutrition used to be influenced by liquor mafia: CM Yogi Adityanath
English

Even kids’ nutrition used to be influenced by liquor mafia: CM Yogi Adityanath

Uttar Pradesh Chief Minister Yogi Adityanath inaugurated the ninth National Nutrition Month in Varanasi, accusing earlier state administrations of allowing the liquor mafia to influence child nutrition supplies. He outlined extensive government initiatives covering Anganwadi centres, schools and inter‑colleges to improve nutrition and infrastructure for millions of children.

Goyal bats for common Brics trade platform, women-focused fund
English

Goyal bats for common Brics trade platform, women-focused fund

Commerce Minister Piyush Goyal urged BRICS to create a common trade platform and operationalise a Women’s Advancement Fund to help small and women‑led exporters access credit, buyers and predictable rules. He highlighted India’s progress in women’s financial inclusion and called for sector‑specific delegations, electronic documentation and expanded services trade within the bloc.

Red Fort blast accused used AI to learn how to build IED, says NIA chargesheet
English

Red Fort blast accused used AI to learn how to build IED, says NIA chargesheet

The National Investigation Agency (NIA) filed a chargesheet stating that a key accused in the November 10, 2025 Red Fort blast used artificial intelligence tools, including ChatGPT, to learn how to construct an improvised explosive device. The document also details the procurement of bomb components via Flipkart and the use of encrypted messaging apps for planning.

India-Thailand trade talks focus on market access, Asean trade agreement review
English

India-Thailand trade talks focus on market access, Asean trade agreement review

India’s commerce minister Piyush Goyal met Thailand’s deputy prime minister and commerce minister Suphajee Suthumpun in New Delhi to discuss expanding bilateral trade, investment and the review of the Asean‑India Trade in Goods Agreement (AITIGA). The talks highlighted a record $20.93 billion trade flow in FY2025 and a widening Indian trade deficit of about $10.8 billion.

PIL seeks hostels for students: Delhi High Court issues notice to government, DU

PIL seeks hostels for students: Delhi High Court issues notice to government, DU

The Delhi High Court issued notices to the Centre, Delhi government and Delhi University in response to a public interest litigation demanding a time‑bound hostel development policy after a deadly hostel collapse. The court will hear the petition on September 25, while officials have yet to announce concrete steps on student accommodation.

Licences, registration, listing on a public portal: Government plans steps to regulate PGs

Licences, registration, listing on a public portal: Government plans steps to regulate PGs

The Delhi government has drafted a Bill to mandate licences, registration and a public portal for all paying‑guest accommodations, following a fatal hostel collapse. The proposal, discussed by Lt Governor Taranjit Singh Sandhu, CM Rekha Gupta and officials, outlines safety, security and grievance mechanisms to be finalized within two months.

Delhi High Court seeks government response on action plan for eliminating rabies by 2030

Delhi High Court seeks government response on action plan for eliminating rabies by 2030

The Delhi High Court ordered the Delhi government to submit a response within four weeks on its plan to eradicate rabies from stray dogs by 2030, and directed municipal bodies to report on pilot sterilisation and vaccination camps. The bench, comprising Justices Dinesh Mehta and Rajnish Kumar Gupta, acted on recommendations from amicus curiae Gauri Maulekhi, with the next hearing set for October 5.

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