Overview

• The IMD issued red alerts for Delhi-NCR, Punjab, Himachal Pradesh, and Jammu & Kashmir as heavy rains triggered flash floods and landslides.
• Punjab reported at least 29 deaths and more than 1,400 villages submerged, with schools closed in parts of Punjab, Noida, and Ghaziabad as evacuations and relief work proceed.
• The 56th GST Council meeting, chaired by Finance Minister Nirmala Sitharaman, confirmed a two-tier GST structure that will take effect on September 22 as part of rate rationalisation.
• Reports indicate the Competition Commission of India and the Reserve Bank of India have cleared SMBC’s purchase of a stake in Yes Bank.
• The Supreme Court directed the All India Football Federation to hold fresh elections by December, delaying the start of the 2025–26 Indian Super League season.