In September 2025, banks across India will observe several holidays, including Karma Puja, Onam, Id-e-Milad, Indrajatra, Navratra Sthapna, and Durga Puja. These holidays will affect bank operations in various states, with closures varying regionally.
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US tariffs on Indian goods, including penalties for Russian oil, could cost India $55-60 billion, impacting textiles, footwear, and jewelry sectors, according to Jefferies' Chris Wood. He believes the tariffs are triggered by Trump's frustration at being exclusion from India-Pakistan mediation and irritation over the Ukraine conflict.
Eight migrant workers from Murshidabad were brutally assaulted in Bhubaneswar, Odisha, by a mob who accused them of being 'Bangladeshi cattle thieves'. Abdul Alim, one of the victims, recounted the horrific attack, stating that the attackers chanted 'Jai Shri Ram' while beating them. He managed to escape and return home, while the others are reportedly receiving treatment in Bhubaneswar.
White House trade counselor Peter Navarro ignited controversy by accusing "Brahmins" of profiting from refined Russian oil sales to the West, escalating US-India trade tensions. His remarks, following accusations of India being a "laundromat for Kremlin," sparked outrage and were deemed inflammatory.
The GST Council has approved a significant tax hike on sin and luxury goods, introducing a new 40% slab for items like tobacco, aerated drinks, and premium vehicles. This restructuring aims to simplify the indirect tax system by reducing the number of tax slabs.
Despite Elon Musk's departure, the Pentagon's Department of Government Efficiency (DOGE) is set to scrutinize 400,000 contracts and grants, aiming for savings from fiscal year 2026. DOGE, with its dozen-strong team, has already adjusted or terminated 390 contracts, claiming over $20 billion in savings.
The BJP has accused Congress leader Pawan Khera of possessing two voter ID cards, prompting calls for an Election Commission investigation into potential electoral law violations. This accusation coincides with Rahul Gandhi's intensified criticism of the government, alleging "vote theft" during the recent "Voter Adhikar Yatra" in Bihar.
President Trump convened tech leaders, including Cook, Zuckerberg, and Pichai, to discuss AI's future. Melania Trump emphasized preparing children for an AI-driven world, advocating for its careful guidance. Tech CEOs lauded the administration's AI Action Plan and investments, with Google and Microsoft pledging significant financial contributions to the U.S. economy.
IIM Ahmedabad has secured the top spot in the NIRF 2025 management institute rankings for the sixth consecutive year. IIM Bangalore and IIM Kozhikode follow closely behind. While IIMs dominate, non-IIMs like IIT Delhi's DMS, MDI Gurgaon, and XLRI Jamshedpur also feature in the top 10, showcasing a diverse range of quality management education options in India.
Gauahar Khan and Zaid Darbar joyfully announced the arrival of their second son, born on September 1st. Their firstborn, Zehaan, is excited to share his world with his new baby brother. The couple expressed their gratitude and requested continued blessings for their growing family, receiving an outpouring of love and congratulations from fans and industry colleagues.
Air Marshal Narmdeshwar Tiwari recounted Operation Sindoor, revealing that fewer than 50 weapons strikes by the IAF on Pakistani military targets compelled Islamabad to request a ceasefire by May 10. These precision strikes, some hitting targets untouched even in the 1971 war, demonstrated India's air dominance and strategic planning, effectively conveying a strong message while minimizing collateral damage.