Hindu Morning

• The Securities and Exchange Board of India (SEBI) proposed a net settlement process for mutual fund trades in the cash market on September 4, 2026. • The Supreme Court ended SEBI’s legal plea against the National Stock Exchange following a settlement totaling ₹1,491 crore. • World Bank official Neelkanth Mishra defended India's 7.8% GDP growth as the rupee reached a 10-week closing high.

• The NCLT has stayed the approval of a ₹6.25-crore repayment plan proposed by Subhash Chandra, while VinFast has decided to halt its plans to manufacture three electric vehicles in India. • In the digital payments sector, UPI reached a significant milestone in August, recording a record-breaking 24.51 billion transactions. • Prime Minister Narendra Modi is actively advocating for enhanced economic connectivity among member states of the Shanghai Cooperation Organisation (SCO).

• The Indian government has summoned Meta following the temporary restriction of a Facebook post made by Prime Minister Narendra Modi. • In industrial developments, Maruti Suzuki is expanding its manufacturing capacity in Gujarat, while Sarvam AI has announced plans to develop a trillion-parameter AI model. • The government is further promoting the adoption and benefits of ethanol blending to reduce fuel imports and emissions.

• The Union Rural Development Ministry announced on August 30, 2026, that all workers registered under MGNREGA have been migrated to the Viksit Bharat Guarantee for Rozgar and Ajeevika Mission (Gramin) [VB-G RAM G]. • This migration applies to every registered worker regardless of whether the e-KYC process for their job cards has been completed. • The move signifies a transition from the traditional MGNREGA framework to a new mission focused on rural employment and sustainable livelihoods.

• Nepal has requested that India expedite approvals for electricity transmission following devastating flash floods that severely damaged the country's power infrastructure. • Senior officials from India's Union Power Ministry confirmed the request on Saturday, August 29, 2026, noting the urgency of the situation. • This request is critical for Nepal to restore stable power supplies and mitigate the impact of the infrastructure collapse caused by the floods.

• A U.S. military judge ruled on August 28, 2026, that confessions made by Khalid Sheikh Mohammed, the alleged mastermind of the 9/11 attacks, are inadmissible. • The ruling specifies that statements provided to FBI agents cannot be used as evidence against Mohammed during his trial. • This decision is significant as it potentially weakens the prosecution's case by removing key admissions from the legal proceedings.

• The Ministry of Home Affairs (MHA) is developing a technology-driven command-and-control system to enhance the surveillance of India’s land borders. • The system will integrate real-time field inputs through a network of command centres extending from forward border areas to New Delhi. • This initiative aims to modernize border security by streamlining communication and surveillance data for faster decision-making.