In a historic reform, Saudi Arabia abolished the kafala system, a long-criticised labour framework that governed millions of foreign workers, including a large Indian diaspora. The kafala system often compared to modern-day slavery, restricted workers' mobility, job flexibility, and legal protection. This move, announced in June 2025 and implemented in October, is a major milestone in the Kingdom's push under Vision 2030 to modernise its economy and human rights record. For Indian workers, who make up a significant portion of Saudi Arabia's migrant labour force, this change offers long-overdue dignity, freedom, and protection from systemic abuse.
The kafala (sponsorship) system was introduced in the 1950s across most Gulf Cooperation Council (GCC) countries. It allowed employers (kafeels) to exercise near-total control over foreign workers, particularly those in domestic work, construction, hospitality, and sanitation.
DPIIT Signs MoU with Kotak Mahindra Bank to Enhance Financial, Non-financial Support for Start-ups
The Department for Promotion of Industry and Internal Trade (DPIIT), under the Ministry of Commerce and Industry, signed a Memorandum of Understanding (MoU) with Kotak Mahindra Bank Ltd. to enhance financial and non-financial support for start-ups across India.
This strategic collaboration aims to create a comprehensive framework enabling start-ups to access customised banking solutions, credit and funding opportunities, digital and payment infrastructure, and capacity-building programs.
Under the MoU, Kotak Mahindra Bank will extend a range of dedicated offerings for DPIIT-recognised start-ups, including zero-balance current accounts, working capital and term loans, API-based banking platforms, digital payment solutions, and specialised start-up cards. The Bank will also facilitate access to mentorship, investment advisory, incubation support, and networking platforms, helping startups progress from ideation to scale.
Blackstone Affiliate Buys 9.99% Stake in India's Federal Bank
An affiliate of U.S. private equity major Blackstone bought a 9.99% stake in India's Federal Bank via preferential equity shares and warrants for 61.97 billion rupees ($705.05 million).
The Federal Bank also approved the granting of a special right to Blackstone affiliate to nominate one retiring non-executive director on the Board upon exercise of all the warrants by the firm.
India Re-elected as Vice-Chairperson of COP10 Bureau
India actively participated in the 10th Session of the Conference of Parties (COP10) to the International Convention against Doping in Sport, held in October 2025 at UNESCO Headquarters, Paris. The meeting marked the 20th anniversary of the Convention, which is the only legally binding international instrument committed to promoting integrity and eliminating doping in sport globally.
The Indian delegation, comprising Hari Ranjan Rao, Secretary (Sports), and Anant Kumar, Director General, National Anti-Doping Agency (NADA), engaged with delegates from over 190 States Parties, alongside representatives of the African Union, International Olympic Committee, World Anti-Doping Agency (WADA), and other international organisations.
During the proceedings, India was re-elected as the Vice-Chairperson of the Bureau for the Asia-Pacific (Group IV) for the term 2025–2027. Azerbaijan was elected Chairperson of the COP10 Bureau. Brazil, Zambia, and the Kingdom of Saudi Arabia were also elected as Vice-Chairs for their respective regional groups.
India also extended in-kind support to the proceedings of the COP10 Session by facilitating provision of Interactive Boards displaying the journey of the Anti-Doping Convention.
NHAI Launches AI-Based Highway Monitoring Using 3D Survey
In a move to revolutionise national highway maintenance and monitoring, the National Highways Authority of India (NHAI) is deploying 3D laser-based Network Survey Vehicles (NSVs) across 23 states, covering over 20,933 km of road stretches. This initiative is part of a broader effort by the Ministry of Road Transport and Highways to utilize Artificial Intelligence (AI) in enhancing road infrastructure management in India.
NSVs are advanced vehicles equipped with 3D laser technology capable of collecting precise data on the physical condition of roadways. These vehicles automatically identify,
India Raises Bhairav Battalions for Rapid Strike Missions
The Indian Army is undergoing a bold transformation with the introduction of 25 Bhairav Battalions, a new class of elite units designed to operate between the regular infantry and the Special Forces. These "lean and mean" battalions will focus on surprise strikes, counter-insurgency operations, reconnaissance, and high-mobility missions, especially along India's volatile borders with China and Pakistan. The creation of these battalions is part of a broader military modernisation push aimed at boosting rapid response capability and strategic depth.
First announced by Army Chief General Upendra Dwivedi in July 2025, the Bhairav Battalions represent a hybrid combat model. Unlike the small Ghatak Platoons that operate within each infantry battalion (about 20 soldiers each), the Bhairav Battalions will be larger — about 250 soldiers per unit — and specially trained for terrain-specific missions.
L&T Finance Ltd. Wins 'Best Digital Experience in Finance' Award at the Global Fintech Fest 2025
L&T Finance Ltd. (LTF), formerly known as L&T Finance Holdings Limited, was conferred with the 'Best Digital Experience in Finance' Award at the fourth edition of the Global Fintech Awards held at the Global Fintech Fest (GFF) 2025. GFF is the world's largest fintech festival, jointly organised by the Payments Council of India (PCI), the National Payments Corporation of India (NPCI), and the Fintech Convergence Council (FCC).
LTF was recognised for its exemplary efforts in redefining customer engagement and setting new benchmarks in digital financial experiences through the PLANET App.
President of India Unveils Bust of Former President of India, K. R. Narayanan
The President of India, Droupadi Murmu unveiled the bust of former President of India, K. R. Narayanan at Raj Bhavan, Thiruvananthapuram in the presence of former President of India Ram Nath Kovind, Governor of Kerala Rajendra Vishwanath Arlekar, Governor of Bihar Arif Mohammed Khan and other dignitaries.
She said that K. R. Narayanan's life is a story of courage, perseverance, and self-belief. Through immense dedication and the power of education, he went on to occupy the highest constitutional office of our nation. His academic excellence was a symbol of what determination and opportunity can accomplish when guided by purpose.
Former ASG Pinky Anand Appointed Judge of Bahrain International Commercial Court
Senior Advocate Pinky Anand was appointed a judge of the Bahrain International Commercial Court (BICC), which is set to launch on November 5.
Anand, a Senior Advocate with over 40 years of experience, previously served as Additional Solicitor General of India from 2014 to 2020. She has acted as an arbitrator in cases across India, Dubai, Malaysia and Singapore.
She has also represented India at the BRICS group of leading emerging economies and was a founding member of the group's legal forum.