India’s fiscal deficit stood at Rs 7.10 lakh crore during April-August 2026, accounting for 41.9 per cent of the FY27 Budget Estimate, according to government data. The Centre has targeted a fiscal deficit of 4.3 per cent of GDP for FY27 and plans to borrow Rs 7.86 lakh crore in the second half of the fiscal year.
Indian Railways will conduct a special ticket-checking drive across the Central Railway network from October 1 to 31. Officials will check concession tickets, reservation quotas, railway passes and group bookings, with passengers required to carry valid tickets and prescribed original identity documents.
NITI Aayog and Assam’s GBSIPRD organised a national workshop on strengthening Panchayats as engines of grassroots development. Discussions focused on decentralised governance, GIS-based planning, digitalisation, capacity building and better implementation of government schemes in line with the Viksit Bharat@2047 vision.
DGCA has issued a new Civil Aviation Requirement (CAR) prescribing ground and flying training for pilots seeking licences in the gyroplane category. The framework is a key step towards introducing gyroplane operations in India, with potential applications in joyrides, air experience flights, agricultural spraying, surveillance and survey missions.
India’s solar manufacturing sector has emerged as a major success story, with $16 billion invested over the past 18 months, according to a Rhodium Group report. Despite potential US anti-dumping and countervailing duties, India’s growing domestic solar market could help absorb additional production and support the industry’s expansion.
Millions of people in Pakistan remain outside the formal credit system despite demand for financing from small businesses, farmers, gig workers and low-income households, according to a report. Technology-driven lending, alternative data and digital financial services could help expand access, but stronger consumer protection, data governance and risk management are also needed.
Gold and silver prices traded lower on MCX on Tuesday, with bullion prices under pressure from elevated US Treasury yields and geopolitical uncertainty surrounding the US-Iran standoff. Gold futures fell 0.33% to ₹1,48,410 per 10 grams, while silver declined 0.93% to ₹2,25,338 per kg.
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