Maharashtra's ₹44.76 Lakh Cr Credit Plan: 88% Cornered by 4 Districts, Regional Imbalance Persists

Maharashtra Proposes DELTA Act for Land Tokenisation; Asset Base Estimated at ₹50 Lakh Crore

Maharashtra is set to become India's first 'tokenised State' by proposing the DELTA Act, which creates a legal framework to convert land ownership into blockchain-based digital tokens. This could unlock an estimated ₹50 lakh crore in state land value and set a template for national adoption of Real World Asset (RWA) tokenisation across gold, bonds, and carbon credits.

CAG Audit: Tamil Nadu's Public Debt Surges 309% in Decade, Repayment Pressure Mounts

A CAG audit reveals Tamil Nadu's outstanding public debt surged 309% over a decade (2015-16 to 2024-25), reaching ₹7.94 lakh crore. With 43% of debt due within 7 years and interest payments exceeding principal repayments, the state faces severe liquidity pressure and risks a debt-servicing cycle, limiting developmental spending.

India’s Gold Demand Shifts: Investment ETFs Hit Record 20 Tonnes, Jewellery Falls 17% in H1 2026

India's gold market is undergoing a structural shift: jewellery demand is falling (down 17% in H1 2026) while investment demand via ETFs, bars, and coins is surging. This dual-track trend, alongside a 124% YoY rise in gold-backed loans, signals financialisation of gold and holds major implications for India's current account, monetary policy, and financial stability.

SC to Hear PIL Against 0.4% MDR on UPI Transactions Over ₹2000 from Oct 15

The Supreme Court will hear a PIL on September 28, 2026 challenging the government's decision to impose a 0.4% Merchant Discount Rate (MDR) on UPI person-to-merchant transactions above ₹2,000, effective October 15. The PIL alleges the framework lacks transparency and is arbitrary, questioning amendments to Section 10A of the Payment and Settlement Systems Act.

RBI Resumes UCB Licensing After 2 Decades: ₹300 Cr Capital, 12% CAR Mandated

RBI has ended its two-decade-long moratorium on issuing new licenses to Urban Cooperative Banks (UCBs) with a stringent on-tap framework. The new policy mandates a minimum capital of ₹300 crore, a capital adequacy ratio of 12%, and a net NPA of less than 3% to ensure only strong, well-governed entities enter the sector, aiming to deepen financial inclusion for MSMEs.

Japan Credit Rating Agency Upgrades India's Sovereign Rating to 'A-' After 35 Years

Japan Credit Rating Agency (JCRA) upgraded India's sovereign credit rating to 'A-' from 'BBB+' after over 35 years, reflecting strong growth and policy credibility. This lowers India's borrowing costs and signals improved fiscal health, directly impacting taxpayer money and investor confidence.

CIBIL Report: Over-leveraged Borrowers Rise 3-Fold to 15% in FY26, Credit Growth Slows

A TransUnion CIBIL report reveals a sharp rise in over-leveraged borrowers from 5% in FY17 to 18% in FY24, before easing to 15% in FY26. The pace of credit expansion is slowing, with the CAGR of credit-active consumers dropping from 14% to 9%. New-to-credit borrowers have shrunk dramatically, signaling a maturing phase of financial inclusion.

Telangana CM Announces Bharat Future City as India's First Net-Zero Smart City; Per Capita Income ₹4.18 Lakh

Telangana CM Revanth Reddy announced the development of 'Bharat Future City' as India's first net-zero smart city during the 80th Independence Day speech at Golconda Fort. The state's per capita income reached ₹4,18,931, 91% above national average. Key initiatives include ₹1.70 lakh crore agriculture spend, ₹1.29 lakh crore investments via TG-iPASS, and the establishment of Young India Skills University.