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World Politics & Diplomacy 03 Oct 2026, 04:20 AM IST

Spain’s Government Suffers Housing Defeat as Early Election Talk Grows

Spain’s minority government has been dealt a significant political setback after parliament rejected a package of housing measures aimed at easing the country’s deepening affordability crisis. The defeat underscores the fragility of Prime Minister Pedro Sánchez’s coalition and has intensified speculation that an early general election could be brought forward if legislative gridlock persists.

By RDU Global Wire6 min read

Banking, Fintech & InsuranceRecently

Japan Government Bond Yields Fall as Global Markets Steady

Japanese government bond yields fell sharply on Friday, with the benchmark 10-year yield dropping to levels last seen in mid-September as global fixed-income markets stabilized. The move came even as inflation in Tokyo continued to firm, reinforcing expectations that the Bank of Japan may still have room to tighten policy further after its recent rate increase.

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Markets, IPOs & WealthRecently

Steel Stocks Rally as Government Extends Minimum Import Price on 66 Products

Indian steel and metal stocks advanced in afternoon trade after the government extended the minimum import price regime on 66 steel products, a move seen as supportive for domestic producers facing import competition. Shares of Hindustan Zinc, Hindalco, Jindal Steel, JSW Steel and Tata Steel rose more than 1% from the previous close, reflecting investor optimism over pricing discipline and margin protection.

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Banking, Fintech & InsuranceRecently

Government to Monitor UPI Merchant Fees Daily as October 15 MDR Plan Seeks to Shield Consumers

India’s finance ministry is preparing daily oversight of new UPI merchant discount rate arrangements from October 15, as the government negotiates with payment aggregators to ensure the fee is not passed on to consumers. Officials say the revenue framework is intended to support small merchants adopting digital payments while preserving the low-cost appeal that has made UPI the backbone of India’s retail payments system.

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Banking, Fintech & InsuranceRecently

Asset Reconstruction Companies Urge Faster Government Action to Speed Debt Recovery

Asset reconstruction companies have pressed the government to strengthen debt recovery mechanisms, arguing that delays in Debt Recovery Tribunals are undermining the pace of resolution. They want interim stays to lapse automatically after two months, better notice systems for creditors, faster filling of tribunal vacancies and expanded electronic services for litigation.

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Banking, Fintech & InsuranceRecently

Government Evaluates Revised Bids for IDBI Bank Strategic Sale, Sources Say

The Indian government is assessing revised financial bids from Fairfax Financial Holdings and Emirates NBD for the proposed sale of its 60.72% stake in IDBI Bank, according to sources familiar with the process. The transaction, one of the country’s most closely watched banking disinvestments, is advancing steadily as officials review the offers and prepare for the next stage of the strategic sale.

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