PROPOSAL
NBFCs eye rate hikes, higher fees to offset insurance income hit
Non-bank lenders and housing finance companies are expected to raise lending rates in response to proposed regulatory changes. This adjustment aims to offset potential income losses from caps on insurance distribution. Companies such as Bajaj Housing Finance and Home First Finance are considering changing their product mix and increasing fees. The Insurance Regulatory and Development Authority of India has proposed stringent commission cuts on credit-linked insurance products.
Climate finance, trade likely to be on COP31 table
COP31, scheduled to occur in Antalya from November 9-20, will address significant climate finance and trade issues. Discussions include the funding developed countries owe to developing nations for climate change adaptation. The African Group aims to formalize financial support strategies and assess funding needs for climate initiatives. Additionally, proposals regarding the impact of climate-related trade measures on developing countries have been put forward.
Mekedatu row: Tamil Nadu CM Vijay urges PM Modi to halt Karnataka dam proposal without state consent
Tamil Nadu Chief Minister Vijay has urged Prime Minister Modi not to approve Karnataka's Mekedatu dam project. He cited concerns regarding the impact on water availability in the Cauvery basin. Vijay requested that Karnataka be advised against continuing the project without the consent of all basin states.
US military carries out new targeted strike on Iran as Tehran's leaders weigh mediator's proposals
The U.S. military carried out limited strikes on Iran, targeting its air defense systems in response to ongoing tensions. US President Trump stated the military action was minor and efficient, completed in minutes. Concurrently, Iran is reviewing proposals from Qatar aimed at addressing differences related to its nuclear program. Defensive military actions followed the recent midterm elections, affecting Trump's position on conflict resolution.
Iran reviewing proposals on Tehran's nuclear programme, officials say
Iran is reviewing proposals made by Qatar that aim to address its nuclear program and tensions with the US. As part of these discussions, Iran is demanding certain core conditions be met by the US. The White House acknowledged ongoing discussions but did not comment on the proposed measures. Regional leaders have engaged in diplomatic talks to ease tensions, with emphasis on political solutions.
Trump's grand arch project hits legal roadblock
A major point of contention is the proposed location of the 250-foot (76-metre) structure, next to Arlington National Cemetery, the final resting place of hundreds of thousands of American service members. The giant arch would be considerably taller than the Arc de Triomphe in Paris, which inspired the design.
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NCLT declares Videocon’s Venugopal Dhoot bankrupt in SBI’s Rs 12,668 cr claim
The NCLT has declared former Videocon chairman Venugopal Dhoot bankrupt in proceedings initiated by SBI over personal guarantees for loans extended to the group. The order follows the rejection of his Rs 600 crore repayment proposal, backed by a proposed Siliguri real estate project, against total admitted dues of Rs 12,668 crore.
Can the government remove LTCG on mutual funds in Budget 2027? Here’s what experts say
SEBI has repotedly proposed tax relief for domestic mutual fund investors ahead of Budget 2027. The proposal aims to exempt investors from long-term capital gains tax when switching investments. Financial experts note that removing this tax could increase investor interest, although it may impact government revenues.
Iran sent nuclear proposal to the US via Qatar, senior Iranian official says
Iran has sent a nuclear proposal to the United States via Qatar in response to seven demands. Mediators are actively working to prevent further conflict between Iran and the US after the midterm elections. The US is reportedly reviewing the proposal while Iran has set specific conditions for negotiations. These conditions include lifting sanctions and releasing frozen assets.
US proposes space launch rule changes in potential boost for SpaceX
The FAA said it was proposing changes to definitions of when a flight abort is not mandatory and to clarify requirements and thresholds for when an abort - the early end of a launch or mission because of a problem - must occur. The FAA is proposing to revise rules for spacecraft breaking up as they fall to Earth and how space companies calculate the risks of falling space debris from those vehicles hitting people on the ground.
US proposes space launch rule changes, vows regulatory overhaul
The Federal Aviation Administration is planning regulatory changes for commercial space launches and re-entries. It aims to facilitate at least 1,000 launches annually by the year 2030. These proposed adjustments include updating definitions about mandatory flight aborts and clarifying associated requirements. Last year saw only 178 launches, with significant involvement from SpaceX. This overhaul signals a major shift in the regulatory landscape for commercial space activities.
UPI MDR proposal: Street vendors may pass on charges to customers or switch to cash, ISB survey finds
Payments by street vendors exceeding Rs 2,000 may incur charges under the proposed merchant discount rate framework. Many vendors may switch to cash transactions if additional costs are imposed by suppliers. Awareness of the framework varies among vendors in different city tiers, affecting their payment acceptance practices. A significant percentage of Tier 1 vendors are likely to pass on additional charges to customers.
Centre proposes 10 new entry points for drug imports into India, Noida airport included
The Centre has proposed expanding India's authorised import network for pharmaceuticals and medical devices by adding ten new locations. These include Noida International Airport and several inland container depots across industrial hubs in India. This expansion aims to simplify the import process and reduce transportation costs for companies. The health ministry has invited public feedback on the draft amendment to Drugs Rules, 1945.
Centre proposing parity in mineral taxation, states' rights to remain intact: Union Mines Secretary
Proposed amendments to the Mines and Minerals (Development and Regulation) Act are intended to create tax parity across states. This initiative aims to reduce reliance on imports by fostering local production and processing of critical minerals. The Indian government has introduced significant subsidies to support industries establishing lithium and nickel processing facilities. Approximately 58 entities are now registered under a recycling program for electronic waste.
World's highest railway station in Ladakh at 17,244 feet: India planning a Rs 1.3 lakh crore railway line that will break China's record
World's highest railway station: India is planning a 489-km Bilaspur-Manali-Leh railway line costing an estimated Rs 1.31 lakh crore. The proposed corridor could feature the world's highest railway station at 5,256 metres beneath Tanglang La, surpassing China's existing record. Here's what we know about the ambitious Himalayan railway project, its route, tunnels and strategic importance.
Govt plans instant ban on manufacturing of drugs failing key quality tests
Pharma companies could have their drug licenses suspended immediately if quality tests indicate failure. The health ministry's proposed changes aim to protect public health by enforcing swift action on substandard medications. Regulators would take action upon receiving a government analyst's report declaring a drug not of standard quality. Manufacturers would need to perform a root cause analysis and implement corrective actions to lift the suspension.
India proposes 1% mandatory blending of green jet fuel from January
India has introduced a draft policy for the mandatory blending of sustainable aviation fuel for international flights. The initial blending requirement is set at 1%, increasing to 5% by 2030, and 20% by 2040. Airlines must source approximately 90% of their aviation turbine fuel from international airports to curb economic tankering. Non-compliance may lead to penalties for airlines and oil marketing companies in this proposal.
Who won in Massachusetts? And all you need to know about Mass ballot questions 2026 results on gun-control, marijuana repeal and more
On November 3, 2026, Massachusetts voters elected all Democratic representatives to the US House of Representatives. Incumbent Democrat Ed Markey retained his Senate seat against Republican John Deaton in a contested race. Voters approved several key ballot measures, such as expanding public records and same-day voter registration. However, proposals for all-party primaries and marijuana repeal were soundly rejected.
Who won Governor of Michigan race? Meet Democrat Jocelyn Benson and her $60000 promise for teachers
The Associated Press projects that Democrat Jocelyn Benson has won Michigan’s governor’s race. The longtime secretary of state built her campaign around making everyday life more affordable. Here's what she promised people of Michigan.
Iran says Indian ships exempt from Strait of Hormuz restrictions, urges military to consider Qatar peace proposal
Iran has exempted Indian vessels from restrictions in the Strait of Hormuz, along with ships from China, Iraq, and Qatar. The exemption aims to facilitate India's medicine imports while acknowledging China's political and economic relations. Senior Iranian leaders are advocating for a Qatari-brokered proposal to prevent renewed conflict with the United States. Diplomatic efforts are ongoing, despite assessments suggesting a renewed conflict may be likely.
US midterms: Trump leaves the door ajar for Democrats on immigration
After the midterm elections, President Trump is feeling optimistic about the possibility of both parties coming together to tackle immigration reform. He recognises that the political scene has changed and emphasises that it's crucial to collaborate on these issues, particularly for foreign workers and their families who are affected by current policies.
Vietnam proposes pact with India to protect classified information
Vietnam has proposed an agreement with India to exchange and protect classified information, while both countries have agreed to strengthen real-time sharing of strategic intelligence. The proposals were discussed during National Security Adviser Ajit Doval’s meetings with Vietnamese leaders in Hanoi.
NEET panel proposes shift to rank-based merit: Govt to SC
An expert committee has recommended a shift to a rank-based system for NEET-PG admissions beginning in 2027. This proposal aims to replace the existing percentile-based qualifying criteria, with support from the National Medical Commission. The committee highlighted the necessity to reduce fees for non-clinical PG courses and exempt certain candidates from service bonds.
LTCG tax relief for these mutual fund investors proposed by SEBI; know how switching funds for portfolio rebalancing can save tax
The Securities and Exchange Board of India (SEBI) has put forth a proposal to exempt long-term capital gains tax for investors who switch mutual funds. This change if accepted by the government would enable individuals to adjust their portfolios without facing tax penalties, promoting more strategic reinvestment.
SC notices to Centre, Assam on Oil India plea on rejection of drilling proposal at national park
The Supreme Court has requested responses from the Ministry of Petroleum and Natural Gas regarding Oil India's proposal. This proposal involves hydrocarbon extraction through Extended Reach Drilling beneath Dibru-Saikhowa National Park. Oil India claims that the drilling will not harm the park's ecosystem while addressing energy needs.
West Bengal board proposes shifting 2027 Madhyamik exams from February to March
The West Bengal Board of Secondary Education has proposed a change in the 2027 Madhyamik examination schedule. They suggest rescheduling the exams from February 15 to 25 to March 2 to 16. This change is due to the deployment of teachers for the upcoming Census exercise. The Census will take place from January 25 to February 28 next year.
US Midterm Elections 2026: Could the SMARTER Act change how Indians get US Green Cards?
With the upcoming midterm elections, a new immigration proposal in Congress could reshape the future of green cards and family sponsorship, especially for Indian professionals. The SMARTER Act aims to introduce a points-based system, eliminate country-based visa limits, and restrict family immigration to closer relatives, but its success hinges on the election outcomes.
Doubles deserves better than the ATP’s proposed cull
Bob and Mike Bryan, legendary tennis doubles players, are strongly opposing ATP's proposed changes to the doubles circuit. The changes, which will be voted on next month, intend to reduce tournament draws and prize money for doubles competitions. Many players and tennis legends argue that these changes threaten the viability of professional doubles. They claim that interest in doubles has declined due to poor promotion rather than the format itself.
Flipkart, Exim Bank lead $8.13 billion external borrowing proposals in August
Indian companies have sought to raise a total of $8.13 billion in external commercial borrowings. This amount represents a 6% increase from the previous month's $7.70 billion. Notable proposals include Flipkart Internet Pvt Ltd aiming for $1.14 billion through a foreign loan. Additionally, the Power Finance Corporation and several other firms are looking to raise significant amounts for various purposes.
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