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Govt’s urban reset: Centre divides ministry of Housing and Urban Affairs into two specialised verticals

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Govt's urban reset: Centre divides ministry of Housing and Urban Affairs into two specialised verticals
New Delhi: In a major structural push to reset urban governance and accelerate infrastructure development, the Centre has executed a complete top-to-bottom overhaul of the Ministry of Housing and Urban Affairs, replacing senior bureaucrats and appointing new leadership to spearhead its flagship missions.

The administrative revamp follows the government’s decision last Thursday to split the ministry into two specialised verticals: Department of Capital Development (Rajdhani Vikas Vibhag) and the Department of Urban Development (Shehari Vikas Vibhag). The division is designed to enable dedicated focus on distinct aspects of urban planning while streamlining service delivery, execution, and policy interventions.

The administrative reshuffle moved at breakneck speed. Within 24 hours of the Gazette notification, secretary Srinivas Katikithala (a 1989-batch IAS officer of Gujarat cadre) handed over charge of the newly-created department of capital development to D Thara, a 1995-batch IAS officer from the same cadre. Simultaneously, the Centre posted Satendra Singh (a 1995-batch Jharkhand cadre IAS officer) as secretary to lead the Department of Urban Development. The overhaul extends deep into the operational leadership of Centre’s core urban schemes.
Crucial personnel shifts include Kuldeep Narayan, who was directing the flagship housing scheme Pradhan Mantri Awas Yojana (Urban), moving to Niti Aayog. Roopa Mishra, who spearheaded the Swachh Bharat Mission (Urban), has also been reassigned. New directors are slated to assume charge within the next fortnight to ensure seamless administrative continuity. At the heart of this structural realignment is a targeted policy focus on the national capital. The Centre has set its sights on resolving Delhi’s long-standing, complex urban challenges through a bifurcated strategy. With a BJP government in power in Delhi, the ministry bifurcation will also help in better implementation of infrastructure projects, including the ambitious Central Vista project.

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The Next Big Theme: September 2026

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Global bond market trading screen, governemnt bond interest rates, charts, prices, stock market theme.

The Next Big Theme: September 2026

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After deaths of nine women, South Africans gather to run, mourn and demand change

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After deaths of nine women, South Africans gather to run, mourn and demand change

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French finance ministry expects record debt in 2026, reaching nearly 120% of GDP

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French finance ministry expects record debt in 2026, reaching nearly 120% of GDP

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EU presses global allies to plug Ukraine’s $27 bln funding gap

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EU presses global allies to plug Ukraine’s $27 bln funding gap

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Amprius Technologies: U.S. Drone Dominance Will Help, But It Has Many Attractive End Markets

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Flock of drones in the sky at sunset

Amprius Technologies: U.S. Drone Dominance Will Help, But It Has Many Attractive End Markets

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Trump says US, Denmark, Greenland entered into agreement on US control over security

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Trump says US, Denmark, Greenland entered into agreement on US control over security

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Costco, BlackBerry To Headline Earnings In A Muted Week

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

Get ahead of the market by subscribing to Seeking Alpha’s Wall Street Week Ahead, a preview of key events scheduled for the coming week. The newsletter keeps you informed of the biggest stories set to make headlines, including upcoming IPOs, investor days, earnings reports, and conference presentations.

The stock market slipped Friday as Treasury yields reversed Thursday’s retreat, with the 10-year note climbing back to the key 5.0% mark. The stock market rebounded Thursday after Wednesday’s selloff, which followed the Federal Reserve’s first rate hike since 2023.

The coming week is relatively less busy on the economic data front, with nothing important scheduled for Monday and Tuesday. S&P Global PMI data for September is scheduled for Wednesday, while jobless claims data is set to be released on Thursday. On Friday, monthly durable goods orders for August are set to release.

Costco (COST) and BlackBerry (BB) are among notable firms reporting results in the coming week.

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Earnings spotlight: Monday: ABIVAX (ABVX). See the full earnings calendar.

Earnings spotlight: Thursday: Costco (COST) and BlackBerry (BB). See the full earnings calendar.

Volatility watch: PepsiCo (PEP) and Kodiak Sciences (KOD) have seen options volatility increase over the last week. The most overbought stocks per their 14-day Relative Strength Index include Drugs Made In America Acquisition (DMAA), Tsakos Energy (TEN), and Riley Exploration (REPX). The most oversold stocks per their 14-day Relative Strength Index include Cooper Cos (COO) and Performance Food (PFGC). Short interest is elevated on Shoe Station Group (SHOE) and Jack in the Box (JACK).

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Dividend watch: Companies that have an ex-dividend date coming next week include Broadcom (AVGO), Meta Platforms (META), Seagate (STX), and Medtronic (MDT).

IPO watch: Companies due to price their IPOs and start to trade include Bamboo Insurance Services (BMB) and Amaero (AMRO).

Editor’s Note: This article covers

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Israeli strikes kill three people in Gaza, medics say

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Israeli strikes kill three people in Gaza, medics say

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SLM: Student Loan Giant Keeps Growing Its Loan Book While Covering Dividends Well

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Student Finance Technology

This article was written by

Albert Anthony is the pen name of a business author on Amazon and his newest book is “How To Pick Stocks: 8 Steps For Long-Term Investing with Fundamental & Technical Analysis,” now available as a 2026 edition paperback and Kindle ebook in several regions including the US, UK, Canada, and Europe. The author is an analyst & contributor for investing platform Seeking Alpha since 2023, where he has nearly 2,000 followers and has covered hundreds of stocks in multiple sectors including banks/financials, REITs, insurance, pharma, and more. He has also written for platforms like Investing dot com, and has taken part in many business conferences includes Bloomberg Adria’s Investment Outlook 2026 as well as Money Motion 2026. Albert Anthony has Croatian-American roots, having grown up in the US and living in the NYC/New Jersey area as well as the Austin Texas area while working in enterprise IT roles at several prominent companies, including a top 10 financial firm. The author earned a B.A. from Drew University, and also completed certifications from Microsoft, CompTIA, and Corporate Finance Institute where he earned the specialization in risk management. He is founder of a boutique equities research firm, Albert Anthony & Company, which is a trade name both in the US and Croatia. Besides his writing and analyst work, the author has been active on camera as well, as a film/TV extra for casting agencies in Croatia/Europe, and also took part in roundtable panel discussions and appeared in several media stories in that region. You can also check out the author’s video content on the Albert Anthony channel on YouTube where he discusses investing topics, @author.albertanthony Please note: The author does not write about non-publicly traded companies, small cap stocks, crypto, or startup CEOs, so any such mail received and pitches from PR agencies will be deleted. Any official mail to the author should be sent to albertanthony.info@gmail.com. *Author Disclaimer: Albert Anthony and Albert Anthony & Co, is a US-based sole proprietorship registered as a trade name in Austin, Texas, and a sole proprietor registered in Croatia. The author nor his company are registered financial advisors and do not provide personalized financial advisory services to clients and do not manage client assets but provide general markets commentary and research as well as actionable insights based on publicly-available data and their own analysis. The author does not sell or market financial products and services, nor is compensated by any company for rating them. The author does not hold any material position in any stock he rates at the time of writing, unless otherwise disclosed. All investment is assumed to be at risk and readers are expected to do their due diligence beyond the scope of this author’s commentary, agreeing to indemnify the author of any liability for potential investment losses.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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Has Meghan Markle and Kate’s Relationship Improved Since Harry’s Return to the UK? Here’s What’s Known

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Kate Middleton, Meghan Markle

LONDON — More than three weeks after Prince Harry and Meghan Markle relocated back to Britain, no confirmed evidence has emerged that Meghan’s relationship with Catherine, Princess of Wales, has meaningfully improved, despite a wave of tabloid reporting speculating about the possibility of a thaw between the two women.

Harry and Meghan, along with their children, Prince Archie and Princess Lilibet, moved from California back to the United Kingdom in late August, settling into a private, non-royal residence outside London ahead of the start of the new school term. The move placed the Sussexes geographically closer to Prince William and Kate for the first time since Harry and Meghan stepped back from royal duties and relocated to the United States in January 2020, a shift that has inevitably renewed public speculation about the state of relations between the two couples.

That speculation, however, has been driven almost entirely by unnamed sources cited in celebrity and royal-focused outlets rather than by any on-the-record statement from Meghan, Kate, or representatives acting on their behalf. Multiple outlets have reported, citing unidentified insiders, that Meghan is taking what one source described as a cautious approach toward Kate, wanting to avoid repeating past tensions while remaining open to eventually improving the relationship. According to one such account, published by The National Examiner and cited by other outlets, an unnamed insider said Meghan still feels Kate could have handled certain past situations differently, a reference to disagreements detailed years earlier in Harry’s memoir, “Spare.” In that book, Harry wrote at length about tensions between Meghan and Kate, including described disagreements over lip gloss, wedding preparations, and a conversation involving the phrase “baby brain.”

Other anonymously sourced reports have offered a more skeptical read on the prospects for reconciliation. One outlet, citing an unnamed source, reported that Meghan is “still” seeking greater trust with Kate as the Sussexes settle back into life in Britain, while cautioning that the family’s renewed geographic proximity “does not necessarily signal an immediate reconciliation.” Additional anonymously sourced claims circulating in recent weeks have included assertions that Kate has “secretly confided” in a new royal ally about the situation, that she intends to “rise above” perceived criticism from Meghan, and that she has “ruled out” any reunion during earlier points in the ongoing saga. None of these individual claims have been independently verified or confirmed by either family.

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Royal commentators quoted by name, as opposed to anonymous sources, have generally offered more measured assessments focused on the broader dynamic between the two households rather than specific claims about Kate and Meghan’s personal relationship. Commentary published by People and cited by other outlets noted that William and Kate have remained focused on their own family milestones and royal duties during this period, including Prince George’s start at Eton College, which coincided closely with the Sussexes’ return and Buckingham Palace’s subsequent letter reiterating that Harry and Meghan remain non-working royals. Royal commentators have suggested that William and Kate are determined not to let renewed speculation about the Sussexes overshadow their own priorities, even as the family’s physical proximity has added a layer of complexity that did not exist while Harry and Meghan were based in California.

Separately, some reports have framed any potential relationship repair between Meghan and Kate as connected to broader questions about Harry’s own relationship with his father and brother. One account described Harry as having quietly worked to rebuild ties with Kate specifically, even as tension reportedly persists elsewhere within the family, though this claim, like most others circulating in recent weeks, was attributed to an unnamed source rather than confirmed directly by any of the parties involved.

What is confirmed, rather than speculated, is more limited in scope. Buckingham Palace issued a letter on September 7 formally reiterating that Harry and Meghan remain private citizens rather than working royals, a message that a spokesperson for the couple said left them “a little surprised” given the lack of advance notice. Harry made his first public appearance since the family’s return at the Invictus Spirit Awards on September 17, attending without Meghan, who was reported to be at home with the couple’s children. In brief remarks to Hello! magazine at that event, Harry described the preceding two weeks as “eventful” without offering any specific comment on his relationship with William, Kate, or the broader family dynamic.

No public appearance, joint statement, or confirmed private meeting between Meghan and Kate has been reported since the Sussexes’ return to Britain. Absent such direct confirmation, the substantial volume of coverage speculating about improvement, or continued strain, in their relationship remains sourced to anonymous insiders whose claims cannot be independently verified, a pattern that has characterized much of the reporting on the Sussex-Wales dynamic for several years.

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For now, the honest answer to whether Meghan and Kate’s relationship has improved since Harry’s return to the U.K. is that there is no confirmed public evidence either way. What coverage exists rests almost entirely on unnamed sources offering competing, sometimes contradictory characterizations, leaving the actual state of the relationship between the two women a matter of speculation rather than established fact as the Sussexes continue settling into their extended stay in Britain.

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