National Banking Holiday: Navratra Sthapna Celebrations

 


September 12, 2025 marks a significant banking holiday across select Indian cities, with banks remaining closed for Navratra Sthapna (Navratri Commencement) in Jaipur, Jammu, and Srinagar. This religious observance is part of the 15 scheduled banking holidays in September 2025, as declared by the Reserve Bank of India.

Important Banking Advisory

  • Affected Cities: Bank branches in Jaipur, Jammu, and Srinagar will remain closed

  • Alternative Banking: ATM services and digital banking platforms will continue operating

  • Planning Advice: Customers should complete essential banking transactions before or after the holiday

Hydrogen Innovation Mission India Concludes

The 5-day Hydrogen Innovation Mission India (September 8-12, 2025) organized by the Dutch Enterprise Agency concludes in New Delhi today. This international collaboration focuses on advancing India's green hydrogen ecosystem and strengthening Indo-Dutch partnerships in renewable energy.

Mission Highlights

  • Technology Transfer: Dutch hydrogen innovations being introduced to Indian markets

  • Investment Opportunities: Focus on hydrogen production, storage, and distribution technologies

  • Strategic Partnerships: Building bilateral cooperation in clean energy sector

  • Policy Framework: Discussions on regulatory support for hydrogen economy development

ICAI CA September 2025 Examinations Begin

The Institute of Chartered Accountants of India (ICAI) conducts crucial Chartered Accountancy examinations on September 12, 2025, with the Indirect Tax Laws paper scheduled for today. This represents a critical milestone for thousands of CA aspirants across India.

Examination Details

  • Subject Focus: Indirect Tax Laws (GST, Customs, Excise)

  • Student Impact: Thousands of final and intermediate level candidates appearing

  • Career Significance: Essential qualification for professional accounting careers

  • Economic Relevance: Strengthening India's financial services sector workforce

Supreme Court Judicial Calendar

Kejriwal Bail Verdict Pending

The Supreme Court is scheduled to deliver its crucial verdict on Delhi Chief Minister Arvind Kejriwal's bail plea in the alleged excise policy scam case on September 13, 2025. The bench led by Justice Surya Kant had reserved its decision on September 5.

Case Background

  • CBI Arrest: Kejriwal was arrested by the Central Bureau of Investigation on June 26

  • Dual Petitions: Challenging bail denial and contesting the arrest itself

  • Political Impact: Verdict will significantly influence Delhi's political landscape

Ganapati Visarjan Regulations

The Supreme Court agreed to review a plea challenging the National Green Tribunal's order limiting Ganesh idol immersion groups to 30 participants. Chief Justice D.Y. Chandrachud acknowledged the urgency due to upcoming Ganapati Visarjan festivities.

Major Financial Investigations

₹2,000 Crore Trading Scam Update

Assamese actress Sumi Borah and her photographer husband Tarkik Borah surrendered to Dibrugarh police in connection with a massive ₹2,000 crore trading scam. The couple had been evading arrest since the fraud was exposed, revealing connections to mastermind Bishal Phukan in the ₹2,200 crore fraud case.

ED Seizes ₹43.52 Crore in Bank Fraud

The Enforcement Directorate provisionally seized assets worth ₹43.52 crores in the Ushdev International Bank fraud case, including land, buildings, and fixed deposits under the Prevention of Money Laundering Act.

Defense and Security Updates

Exercise Tarang Shakti Continues

Defense Minister Rajnath Singh attended the ongoing Exercise Tarang Shakti conducted by the Indian Air Force in Jodhpur. The multinational exercise features aircraft from friendly foreign nations including the US, Australia, and Greece, continuing until September 14.

Chandigarh Blast Investigation

Chandigarh Police announced a ₹2 lakh reward for information leading to the arrest of suspects in the Sector 10 blast case. The incident involved a suspected pressure-type blast that damaged residential properties.

Political Developments

Karnataka Fiscal Federalism Initiative

Karnataka Chief Minister Siddaramaiah has invited eight chief ministers to a conclave in Bengaluru addressing concerns over the Union government's inequitable tax distribution. The initiative emphasizes the need for Finance Commission reforms to create growth incentives.

Haryana Assembly Elections

Multiple parties announced candidate lists for the upcoming Haryana Assembly elections:

  • Aam Aadmi Party: Released sixth list of 19 candidates (89 of 90 declared)

  • Indian National Lok Dal: Announced 11 candidates

  • Jannayak Janta Party and Aazad Samaj Party: Joint list of 13 candidates

International Relations

High-Profile Diplomatic Visits

  • São Tomé and Príncipe Prime Minister Patrice Emery Trovoada visited the Taj Mahal in Agra

  • Rajasthan CM Bhajan Lal Sharma met with Japan's Parliamentary Vice Minister for Economy, Trade, and Industry in Tokyo, extending invitations for the Rising Rajasthan Global Investment Summit in December

Technology and Education Sector

RG Kar Medical College Investigation

The Enforcement Directorate conducted search operations at the residence of Sandip Ghosh, former principal of RG Kar Medical College and Hospital, in connection with financial irregularities. Ghosh remains in judicial custody until September 23.


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