RBI announced premature redemption for Sovereign Gold Bond 2020-21 Series VI investors on September 6, 2025, at Rs 10,610 per unit. The redemption price is based on the average gold price from September 3-5, 2025. Investors will receive a 107.35% return, excluding the 2.5% annual interest, on bonds issued at Rs 5,117 per gram.

The government's sweeping GST rate changes, effective September 22nd, aim to simplify the tax system and boost the economy. These reforms, encompassing rate rationalization and procedural improvements, are projected to ease citizens' lives and stimulate consumption. Significant rate reductions across various sectors, including daily essentials, dairy products, and automobiles, are expected to contribute to GDP growth.

A controversy erupted after Kerala Congress's social media post compared Bihar to a 'bidi', drawing criticism from the BJP and upsetting ally RJD. The post, a dig at GST rates, was deleted, and an apology was issued. Union Minister Chirag Paswan condemned the remark as defaming the people of Bihar, reflecting Congress's mindset.

The Ministry of Home Affairs, Manipur government, and Kuki-Zo groups have signed a tripartite Suspension of Operations (SoO) agreement, aiming to restore peace after the ethnic conflict. Key provisions include maintaining Manipur's territorial integrity, reopening National Highway-2, and relocating militant camps. The agreement emphasizes a negotiated solution and strict enforcement of revised ground rules to ensure lasting stability.

The Union Cabinet has approved a Rs 1,500 crore incentive scheme to boost domestic supply chain resilience by promoting e-waste and battery waste recycling for critical mineral extraction. Running from FY 2025-26 to FY 2030-31, the scheme supports both established and new recyclers, offering capex and opex subsidies to build recycling capacity and generate jobs.

The GST Council is considering a rate cut on health and term insurance, potentially making premiums more affordable. While a full exemption could lower premiums significantly, it may create a revenue shortfall for the government. Insurers might face short-term profitability pressures due to slower repricing, but long-term benefits include increased insurance penetration.

External Affairs Minister Jaishankar emphasized the importance of predictability in global politics amidst shifting relations with China and US tariffs. He highlighted the need for closer collaboration between India, the EU, and Germany due to global strategic and economic volatility. Wadephul stressed the Western nations' desire for peace in Ukraine, noting Russia's unwillingness to negotiate despite efforts.

Reliance Jio's anticipated IPO by 2026 is poised to significantly impact India's telecom sector, potentially triggering a rerating of Bharti Airtel. CLSA highlights Jio's dominant 42% market share, driven by over 500 million subscribers and aggressive expansion. The IPO and tariff hikes are expected to fuel substantial revenue and EBITDA growth for Jio.

Prime Minister Narendra Modi affirmed India's commitment to fostering ties with China based on mutual trust, respect, and sensitivity during talks with President Xi Jinping in Tianjin. Discussions focused on resetting bilateral relations amidst global economic volatility and followed recent measures to ease tensions after the Ladakh border row. PM Modi landed here last evening from Japan in the second leg of his two-nation trip. It is the Indian prime minister's first trip to China after the eastern Ladakh border row that began in May 2020.

In Virar East, a section of Ramabai Apartment collapsed overnight, potentially trapping 15-20 people. Rescue teams, including police, fire brigade, and NDRF, are on-site, having already rescued five individuals. The collapse occurred during a birthday party on the fourth floor, and authorities have evacuated the remaining wing as rescue and assessment efforts continue.