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CFTC defends prediction market enforcement as states challenge platforms

Michael Selig, U.S. President Trump’s nominee to serve as Commodity Futures Trading Commission (CFTC) chairman, testifies in a Senate Agriculture Committee hearing on his nomination on Capitol Hill in Washington, D.C., U.S., Nov. 19, 2025. Jonathan Ernst | Reuters The Commodity Futures Trading Commission filed an amicus brief in federal court on Tuesday to assert…

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‘Shoe-beating’ remark sparks uproar in J&K assembly, BJP demands Omar apology | India News

JAMMU: J&K assembly proceedings were disrupted Wednesday after CM Omar Abdullah’s remarks that BJP legislators had been “shoe-beaten” by Union home minister Amit Shah, triggering protests and a walkout by opposition members.BJP sources said Shah, during a three-day visit last week, had rebuked party legislators seeking separate statehood for Jammu, stressing Kashmir could not be…

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RBI proposes asset-based criteria for PSU inclusion in upper layer NBFC

The Reserve Bank of India on Friday proposed an overhaul of the framework for identifying upper-layer non-banking finance companies (NBFCs), suggesting a shift to an asset-size-based criterion and inclusion of government-owned entities, PTI reported.Under the draft ‘Reserve Bank of India (Non-Banking Financial Companies’ Registration, Exemptions and Framework for Scale Based Regulation) Second Amendment Directions, 2026’,…

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IIP index: Industrial output jumps to over two-year high of 7.8% in December on broad-based recovery

India’s industrial production growth accelerated to a more than two-year high of 7.8% in December 2025, driven by strong performances across mining, manufacturing and electricity, official data released on Wednesday showed.Factory output, measured by the Index of Industrial Production (IIP), had grown 3.7% in December 2024, PTI reported.“Industry momentum further strengthened in December 2025 as…

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