In this episode of Macro Matters, Business Standard's Ankur Bhardwaj speaks with veteran journalist A. K. Bhattacharya on a fundamental question: What does the Indian State owe you, the citizen?

In this session, Arindam Ghosh, South Asia Head – India, Institute of Management Accountants, talks about accounting, finance, and provides career tips to the B-Schoolers. >

Donations to the PM CARES Fund fell sharply in FY25. Spending also dropped to a five-year low. Yet, the fund’s balance rose to a record ₹8,452 crore. Here’s what the latest audited accounts show.

India is pushing harder to reduce defence imports, with 405 critical items now added to its sixth Positive Indigenisation List. From helicopters, tanks and missiles to radars and ammunition.

The Mines and Minerals (Development and Regulation) Amendment Bill, 2026, passed by Parliament on August 13, 2026,

For any relationship to work, it has to meet the test of "mutual interest", External Affairs Minister S Jaishankar said on Saturday in the context of the current state of ties between India and Bangladesh.
The external affairs minister also described Pakistan as a "unique" country in the world as there is no other nation that uses "terrorism so systematically" and in a sustained manner to attack and put pressure on a neighbour.
Jaishankar made the remarks at the Economic Times World Leaders Forum.
"What I can tell you is, for any relationship to work, it has to meet the test of mutual interest. It has to work for us," he said while declining to respond to a question on Dhaka's demand to India to extradite former prime minister Sheikh Hasina.
Jaishankar's remarks came amid continuing uncertainty over Bangladesh Prime Minister Tarique Rahman's much-anticipated visit to India. It is learnt that both sides are continuing to hold back-channel talks to explore the possibility of the trip

S Jaishankar, Jaishankar

Press Trust of India

Market regulator Sebi has proposed introducing a framework for Fixed Income Channel Partners to broaden retail participation in fixed-income securities through online bond platform providers (OBPPs).
The proposal aims to improve access to fixed-income products in Tier-II, Tier-III cities and rural areas, according to a consultation paper issued by Sebi on Friday.
Under the proposed framework, individuals and non-individual entities listed on stock exchanges could act as Fixed Income Channel Partners (FICPs) and facilitate the distribution of permitted fixed-income securities through OBPPs.
Individuals would need to be Indian citizens, be at least 18 years of age, have passed Class 12, and hold a valid NISM Series: Fixed Income Securities certification, among other requirements.
Mutual fund distributors registered with AMFI would also be eligible to apply for FICP status without paying the applicable enlistment fee, subject to passing the relevant NISM certification.
Sebi said ...

Sebi

Both India's men's and women's teams need to win their remaining Phase 2 matches to give themselves the best chance of securing a place in the semifinals of the 2026 Hockey World Cup

India semifinal qualification scenarios

Business Standard

The final decision on claims and objections submitted during the ongoing Special Intensive Revision of electoral rolls in Odisha will be taken by September 17, and the voter list will be published on September 21, an official statement said.
The deadline for filing claims and objections for registration and revision ended on Wednesday, they said.
A statement issued by the office of Odisha's chief electoral officer (CEO) said the final decision on all claims and objections will be taken by September 17 and the final voter list will be published on September 21.
The CEO said that till August 19, notices have been issued to 58.36 lakh people.
"Till now, a total of 3.09 crore eligible voters in the state have been considered for inclusion in the final voter list," it said, adding that the number may further increase as the hearing process is ongoing.
Officials made it clear that the electors to whom notices have been issued but have been unable to submit the required valid certificate

A Booth Level Officer (BLO) verifies voter details during the Special Intensive Revision (SIR) of electoral rolls

The US military has established a discreet shipping corridor through the Strait of Hormuz, allowing millions of barrels of oil to move daily amid disruptions to traffic during the Iran war

Hormuz, oil tankers, crude oil

Heavy rain lashed parts of Delhi on Thursday morning, bringing relief from humidity, while the IMD forecast more showers and thunderstorms across India

Delhi Rains, Rain

The Delhi government has issued a health advisory urging people to follow respiratory hygiene, avoid crowded places and seek timely medical advice as cases of H1N1 (swine flu) rise in the national capital.
Delhi has recorded over 2,300 Influenza-A cases this year, including over 1,777 H1N1 cases till Friday. The health department said 114 H1N1 cases were reported on Thursday alone.
The advisory asks people to cover their mouth and nose while coughing or sneezing, wash their hands regularly with soap and water, wear masks in crowded places and avoid close contact with people suffering from respiratory illnesses.
People have also been advised to avoid touching their eyes and nose, refrain from spitting in public places and take adequate fluids.
If symptoms such as fever, cough, sore throat, breathing difficulty, body ache or headache appear seek medical advice instead of taking medicines without consulting a doctor, the advisory said.
The health department earlier said Delhi was ful

H1N1 school

A federal judge in New York has vacated a Trump administration policy that suspended the processing of visas from 75 countries, including Afghanistan, Iran, Russia and Somalia, whose nationals the Trump administration deemed likely to require public assistance in the United States.
US District Judge Jeannette Vargas, an appointee of former President Joe Biden, set aside the policy Friday as "contrary to law and in excess of statutory authority."
Secretary of State Marco Rubio exceeded his authority by issuing the policy, which "runs afoul" of the Immigration and Nationality Act by mandating "the refusal of visas to eligible applicants without any basis in law," the judge ruled.
Vargas said the policy also undermines the congressional requirement that puts consular officers at the forefront of any visa decision.
"Congress imbued these officers with exclusive authority and discretion to determine if an immigrant is eligible for a visa based upon review of specific and detailed criter

Donald Trump,Trump

President Donald Trump has urged a federal judge to reject the BBC's request for the court's help in securing testimony and documents from three family members in response to his USD 10 billion defamation lawsuit against the British broadcaster.
The BBC is trying to gain "politically-driven leverage" over Trump by serving subpoenas on daughter Ivanka Trump, son-in-law Jared Kushner and son Donald Trump Jr., personal lawyers for the Republican president argued in a court filing Friday.
US District Judge Jeffrey Kuntz in Miami did not immediately rule on the dispute.
Kuntz, who was nominated to the bench by Trump, inherited the president's lawsuit from another judge less than a week ago. Court filings did not immediately specify a reason for the case's reassignment. The previous judge has set a February trial date.
In May, a process server working for the BBC tried to serve subpoenas on Ivanka Trump and Kushner at their residence but encountered Secret Service agents who said they we

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Delhi records 1,777 H1N1 cases as health dept issues flu advisory

US judge blocks Trump policy suspending visas for nationals of 75 countries

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