Daily Bulletin

The Supreme Court has referred its 2003 ruling in "Javed v State of Haryana," which upheld a two-child limit for local body elected representatives, to a larger Bench for reconsideration on November 4, 2026. A Division Bench of Justices P.S. Narasimha and Alok Aradhe made this referral during Mangala Bhimrao Ingle's appeal against her disqualification as sarpanch of Kakoda, Maharashtra, for having a third child in 2014, noting that India's Total Fertility Rate (TFR) has fallen to 1.9 (NFHS-5), below the replacement level of 2.1.

The Rajasthan High Court, on November 5, 2026, upheld the framing of charges under the stringent Unlawful Activities Prevention Act (UAPA) against eight accused in the 2022 murder of Udaipur tailor Kanhaiya Lal, dismissing their petitions challenging the application of the Act. A bench comprising Rajasthan Chief Justice Sanjay K Agrawal and Justice Sameer Jain ruled that objections regarding recovered videos or alleged lack of unlawful organisation membership were insufficient for discharge without examining all prosecution material.

Prime Minister Shri Narendra Modi extended greetings to Bharat Ratna and former Deputy Prime Minister, Shri L.K. Advani, on November 8, 2026, as he entered his 100th year. In an article, the Prime Minister highlighted Advani Ji’s enduring contributions to India, recalling his journey from strengthening the Jana Sangh and building the BJP, to standing up for democracy during the Emergency and leading the Somnath to Ayodhya Rath Yatra.

Foreign Portfolio Investors (FPIs) have made a significant return to Indian equity markets, investing ₹38,971 crore during the past week, according to data from the National Securities Depository Limited (NSDL) reported on November 8, 2026. This renewed inflow, attributed to a sharp correction in global technology stocks, triggered a 7.58 per cent rally in the Nifty, with aggressive FPI buying offsetting net selling by Domestic Institutional Investors (DIIs).

India is currently experiencing a "fats crisis" in its dairy sector, leading to a significant surge in ghee prices, with the average ex-dairy price of butter increasing by 54.3% from ₹348 to ₹537 per kg between October 2023 and October 2026. Major dairy cooperatives have implemented price hikes, with Gujarat Cooperative Milk Marketing Federation (GCMMF) increasing 'Amul' cow ghee to ₹735 per litre and Karnataka Milk Federation (KMF) revising 'Nandini' ghee to ₹850 per litre, effective November 2, 2026. This crisis is driven by heightened consumer demand, record milk fat exports totalling 56,578.64 tonnes in 2024-25, and a projected slowdown in milk production growth to 2.5% in 2026 due to tightening feed supplies and El Niño-induced drought conditions.

The Department for Promotion of Industry and Internal Trade (DPIIT) has initiated a fresh push to indigenise 100 critical items, spanning intermediates and capital goods, in response to China's proposed export licensing regime for key industrial equipment, reported on November 8, 2026. Plans are advancing for domestic production of tunnel boring machines, with a plant in Tamil Nadu expected to begin operations soon, and Reliance Industries planning to expand its PVC capacity to 1.5 million metric tonnes (MMT) per annum by 2026-27. India is also expanding its domestic solar module manufacturing capacity, which stands at approximately 233 gigawatts (GW) annually, while preparing guidelines for recycling solar module waste amidst proposed Chinese restrictions on solar manufacturing technologies.

Sankaran Naren, Executive Director and Chief Investment Officer at ICICI Prudential AMC, emphasized that practicing asset allocation enables investors to view market volatility as an opportunity, rather than a concern. He highlighted the critical need for large-scale manufacturing employment to support India's aspiration of becoming a $20-trillion economy, while recommending balanced advantage, balanced hybrid, and flexi cap as core investment categories.

The Ministry of Petroleum and Natural Gas affirmed on November 8, 2026, that E20 petrol supplied by public sector oil marketing companies across India, including Karnataka, fully conforms to the prescribed quality standards, specifically IS 17021. This statement directly refutes claims by the Karnataka Government regarding excessive ethanol content, with the Ministry reporting that 893 samples collected across 27 States and Union Territories, including 56 from Karnataka, all met specifications, showing ethanol content between 19% and 20%.