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    Noida airport domestic flyers to pay Rs 490 user development fee: AERA
    Rupee recovers 16 paise from all-time low to 95.52 against US dollar in early trade
    'Illegal' structures razed at properties of AIMIM leader accused of sheltering TCS case accused
    Govt raises import duty on gold, silver to 15 pc to curb non-essential imports
    Regulator AERA fixes Rs 490 UDF for departing domestic passengers at Noida airport
    Mundhwa land deal: Rs 21 crore penalty for Parth Pawar's firm upheld
    New Income Tax law aims to build transparent, tech-driven ecosystem for taxpayers: Official
    Rupee sinks to fresh record low of 95.68 against US dollar
    Indian economy has shown resilience in times of global crisis: Union Minister of Commerce and Industry Shri Piyush Goyal at CII Annual Business Summit
    Maveric Systems announces strategic brand positioning focused on Engineering Trust in AI-First Banking
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    Public Sector Banks (PSBs) record an all-time high net profit of ₹1.98 lakh crore in FY 2025–26, marking the fourth straight year of profitabi...
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    West Asia crisis a balance of payments stress test, India better placed to navigate: Nageswaran
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    UP: Suicide note, Aadhaar card on bridge triggers six-hour search, man later found at home
    India Hosts Kimberley Process Intersessional Meeting 2026 in Mumbai
    Jaipur gold traders fear demand slump after PM Narendra Modi’s call to avoid buying gold
    Welspun One signs LoI with Balmer Lawrie for warehousing space in Mumbai
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May 13, 2026
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User Development Fee structure at Noida International Airport set for domestic and international passengers with gradual tariff increases ahead.
AERA fixed the User Development Fee for Noida International Airport for the 2026-27 period at Rs 490 for departing domestic passengers, Rs 980 for departing international passengers, Rs 210 for arriving domestic passengers and Rs 420 for arriving international passengers, and approved gradual increases over the first control period. It also allowed a Variable Tariff Plan for landing and parking charges to support early route development, with charges to rise progressively over the concession period. AERA said the tariff structure reflects the characteristics of a greenfield airport, including higher upfront investment, statutory compliance requirements and phased capacity expansion.
May 13, 2026
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Rupee recovery supported by higher gold and silver import tariffs aimed at easing foreign exchange pressure.
The rupee recovered in early trade after higher import tariffs on gold and silver were expected to curb overseas purchases and reduce pressure on foreign exchange reserves. The currency's gains were moderated by elevated crude oil prices and the strength of the US dollar, while market participants also linked the move to a possible narrowing of the current account deficit through lower precious-metal imports.
May 13, 2026
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Illegal constructions and municipal membership scrutiny follow notice, failed stay request and demolition at AIMIM corporator's properties.
Municipal action targeted alleged illegal constructions at the residence, office and shops of an AIMIM corporator after a notice called for a reply within 72 hours on the status of the properties. The corporator sought a stay, but no stay was granted, and the civic body proceeded with demolition under police protection while indicating that the property's fate could be decided if no satisfactory response was received. The matter was also linked to proposed action regarding the corporator's membership in the municipal body, subject to verification of property documents and alleged nondisclosure in the nomination process.
May 13, 2026
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Import duty on gold and silver raised to curb non-essential imports and conserve foreign exchange amid balance of payments stress.
Import duty on gold and silver was increased to 15 per cent by raising the social welfare surcharge and agriculture infrastructure and development cess, effective 13 May 2026. The measure was intended to curb non-essential imports of precious metals and conserve foreign exchange amid a rising import bill and balance of payments stress. It reversed the earlier reduction in customs duty on gold to 6 per cent and was aimed at moderating inbound shipments driven largely by the jewellery industry.
May 12, 2026
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User Development Fee fixed for Noida International Airport, with a Variable Tariff Plan allowed for early route expansion.
Airports tariff regulation for Noida International Airport fixed the User Development Fee for the 2026-27 period at Rs 490 for departing domestic passengers, Rs 980 for departing international passengers, Rs 210 for arriving domestic passengers and Rs 420 for arriving international passengers. A Variable Tariff Plan was also permitted, mainly for landing and parking charges, to encourage airlines to open new routes, increase flights and expand their network in the early operational years.
May 12, 2026
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Stamp duty exemption claim rejected, with recovery of deficit duty and penalty sustained on a high-value land sale deed.
Stamp duty exemption claims for a high-value land sale deed in Mundhwa were rejected, and the recovery of deficit duty and penalty was sustained after appellate review by the Maharashtra State Chief Controlling Revenue Authority. After issuance of show-cause notices and consideration of the company's written reply, the Collector of Stamps assessed duty liability at about Rs 21 crore, including duty under the Maharashtra Stamp Act and additional municipal levies. The authority held that the exemption claim was untenable and affirmed the earlier order directing payment of the stamp duty and penalty.
May 12, 2026
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Transparent income tax compliance gets a tech-driven push with simpler language, digital assistance and automated refund processing.
Income tax administration is being repositioned around a simplified, transparent and technology-driven compliance framework under the Income Tax Act, 2025, with emphasis on reducing litigation, improving voluntary compliance and aligning taxpayers and tax authorities through clearer language. The department is promoting digital assistance and taxpayer outreach through initiatives such as an AI-powered chatbot, educational FAQs and brochures, and printed guidance on exemptions and TDS in regional language.
May 12, 2026
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Rupee weakness amid global risk aversion, crude price surge and expectations of possible RBI support
The rupee fell to a fresh record low against the US dollar amid global risk aversion, stronger dollar trends and a sharp rise in Brent crude prices. Traders linked the weakness to concerns over India's trade deficit and balance-of-payments pressures if oil prices remain elevated, while noting that any RBI intervention could support the currency at lower levels. The report also notes foreign institutional selling and weakness in domestic equity markets.
May 12, 2026
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Export growth, self-reliance and quality manufacturing drive India's push toward higher competitiveness and global market expansion.
India's economic resilience, export performance and external-sector strength were highlighted alongside the need for greater efficiency, productivity, self-reliance and import reduction. Free trade agreements with developed economies were presented as tools to expand exports and attract investment, while artificial intelligence, robotics and quantum computing were described as force multipliers for competitiveness. The text also urged a shift from assembled to designed, engineered and manufactured goods, with non-negotiable quality, deeper localisation, stronger R&D and alignment with global standards.
May 12, 2026
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AI-first banking trust positioning emphasizes compliant by design transformation, core-system integration, and measurable operational outcomes.
Maveric Systems announced a new brand positioning, "Engineering Trust in AI-First Banking," for financial institutions shifting from digital-first to AI-first operating models. The positioning emphasizes embedding AI into core banking systems, applying fairness, explainability, reliability, privacy and regulatory compliance by design, and delivering measurable outcomes through a proprietary AI @ Scale framework, supported by platforms for quality intelligence, data integrity, customer intelligence and intelligent operations.
May 12, 2026
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Foreign-exchange conservation measures prompt ICAI to curb overseas travel and promote virtual meetings among members and officers.
ICAI proposed foreign-exchange saving measures for members, officers and families amid the West Asia conflict and higher oil prices. The institute said it would issue an advisory to curb foreign travel and encourage other ways of conserving foreign exchange, including using virtual meetings where possible. Foreign travel by office-bearers and officers would be restricted to cases of absolute necessity, and the measures would be implemented mandatorily within ICAI.
May 12, 2026
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Public Sector Banks show stronger asset quality, record profitability and healthier capital position amid broad-based credit growth.
Public Sector Banks recorded strong financial performance during FY 2025-26, marked by sustained business growth, improved asset quality, record profitability and a healthy capital position. Aggregate business, deposits and advances expanded sharply, with broad-based credit growth in the retail, agriculture and MSME segments. Asset quality improved significantly as gross and net NPA ratios fell to historically low levels, while provisioning coverage remained above 90% across all PSBs.
May 12, 2026
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Rupee depreciation under geopolitical as US-Iran tensions and surging crude prices pressure foreign exchange markets.
Rupee depreciation in the foreign exchange market was driven to a record closing low against the US dollar amid renewed US-Iran tensions, heightened global risk aversion, and concerns over tighter global supply conditions. Market sentiment was also affected by expectations that elevated crude prices could worsen India's trade deficit and balance-of-payments position, while the dollar remained firm against major currencies. Brent crude rose sharply, reinforcing fears of supply disruption and higher energy costs.
May 12, 2026
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Balance of payments stress test from West Asia crisis raises inflation, current account and rupee pressure for India.
West Asia crisis is described as a live balance of payments stress test for India, with direct implications for inflation, the current account and the exchange rate. Heavy dependence on imported crude, imported LPG and remittance inflows from Gulf countries makes India exposed to disruption in energy supplies and external earnings, while higher global crude prices are expected to enlarge the import bill, weaken foreign exchange reserves, widen the current account deficit and put pressure on the rupee.
May 12, 2026
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Fuel supply stability and under-recoveries shape India's energy response as the government weighs long-term conservation and storage reforms.
India's fuel supply remains stable despite global energy disruptions, with about two months of crude stock, LNG inventories and LPG reserves available and no immediate supply-side shortage reported. State-owned oil marketing companies continue to supply petrol, diesel and cooking gas below cost, and retail prices have remained unchanged for several years despite elevated input costs. The government is reviewing the strain from under-recoveries, promoting fuel conservation, a shift to piped natural gas, larger strategic reserves, expanded refining capacity and wider domestic exploration.
May 12, 2026
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False suicide note on bridge triggers police search, as young man later returns home safely.
A handwritten suicide note, slippers and an Aadhaar card found on a bridge over the Saryu river led police to believe a young man had jumped into the water, prompting a six-hour search. The man was later found safe at home and told police he had staged the scene because of family tensions and mental stress, but later returned home after reconsidering. His statement was recorded and further investigation was underway.
May 12, 2026
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Kimberley Process certification and compliance drive efforts to strengthen trust in ethically sourced natural diamond trade.
The Kimberley Process Intersessional Meeting 2026 in Mumbai focuses on implementation of the Kimberley Process Certification Scheme, monitoring and compliance mechanisms, artisanal and alluvial diamond production, statistics and measures to strengthen trust in the natural diamond value chain. The Kimberley Process Certification Scheme is an international initiative established pursuant to United Nations General Assembly Resolution 55/56 (2000) to prevent conflict diamonds from entering the legitimate diamond trade, with India's 2026 Chairship centred on credibility, compliance and consumer confidence.
May 12, 2026
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Gold jewellery demand concerns emerge as traders warn of pressure on artisans, exporters and small businesses.
Gold jewellery traders in Jaipur expressed concern that a call to avoid buying gold for a year could reduce demand for ornaments and affect the wider gems and jewellery trade. Industry stakeholders linked any sustained fall in gold demand or availability to pressure on workers, artisans, small traders, exporters and showrooms, noting that Jaipur functions as a major centre for gemstones, gold jewellery manufacturing and exports. Trade representatives urged a distinction between consumption-based and export-linked imports, policy support for recycling and exchange schemes, and greater stability in the import duty and taxation structure.
May 12, 2026
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SEZ warehousing partnership expands port-linked logistics and faster clearance access through a sublease arrangement in Mumbai.
Welspun One entered into a Letter of Intent with Balmer Lawrie & Co. for the sublease of Grade A+ warehousing space at WTC Nhava Sheva in the JNPA special economic zone. The arrangement is intended to give Balmer Lawrie access to SEZ warehousing facilities over a five-year term, with the site positioned for customs duty deferment, faster clearance and value-added logistics services.
May 12, 2026
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Economic growth and state-level convergence shape India's path to prosperity through fiscal discipline, GST reform, and targeted state strategies.
India's economic growth has accelerated steadily over four decades, alongside stronger macroeconomic stability, fiscal consolidation, unification of indirect taxation through GST, and a Flexible Inflation Targeting framework that has anchored inflation expectations and enhanced policy credibility. Across states, per capita income has risen sharply, but growth remains uneven even as divergence has narrowed and welfare indicators have converged more decisively. The speech emphasises that future prosperity will require differentiated state-specific growth strategies and a clearer alignment between national and state policy levers.

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Redmi Note 15 SE Debuts in India with Snapdragon 6 Gen 3 And 5,800 Mah Battery

May 13, 2026

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Pune (Maharashtra) [India], May 13: Redmi has launched the Redmi Note 15 SE in India, targeting buyers who want a feature-rich 5G smartphone without crossing the Rs. 20,000 mark. Priced starting at Rs. 19,999, the smartphone brings a curved 120Hz AMOLED display, Qualcomm Snapdragon 6 Gen 3 processor built on a 4nm process, a 5,800 mAh battery with 45W turbo charging, and 5G connectivity. The Redmi Note 15 SE is available in Crimson Red, Frosted White, and Carbon Black across three storage configurations, targeting first-time buyers, students, and everyday users seeking genuine value in the mid-range segment. Upgrading to the latest Redmi smartphone does not have to stretch the budget. During the Bajaj Finserv Summer Sale, customers can split the total cost into affordable EMIs over a tenure ranging from 3 to 60 months. With an Easy EMI Loan of up to Rs. 5 lakh, zero down payment on select models, and instant approvals at partner stores, the entire process remains simple and hassle-free. Shoppers can visit any of the 1.5 lakh+ Bajaj Finserv partner stores across 4,000+ cities in India to bring home their new smartphone the same day. Curved AMOLED display - Designed for entertainment and gaming The Redmi Note 15 SE features a 6.77-inch curved AMOLED display with Full HD+ resolution and up to 120Hz refresh rate. The display also supports a 240Hz touch sampling rate and an instant touch sampling rate of up to 2560Hz, which may appeal to mobile gaming enthusiasts. Key display highlights include: • 3200 nits peak brightness • 12-bit colour depth with DCI-P3 wide colour gamut • 3840Hz PWM dimming • TÜV Rheinland Low Blue Light certification • 92% screen-to-body ratio The curved design and slim profile are expected to improve the multimedia viewing experience for streaming and gaming users. Snapdragon 6 Gen 3 processor with expandable storage The smartphone is powered by the Qualcomm Snapdragon 6 Gen 3 Mobile Platform built on a 4nm manufacturing process. The octa-core chipset delivers clock speeds of up to 2.4GHz and is paired with an Adreno GPU. The device supports expandable storage of up to 1TB through a microSD card, offering additional flexibility for buyers storing large files, videos, and games. 50MP AI camera system with 4K video recording The Redmi Note 15 SE comes equipped with a 50MP dual AI rear camera system featuring the Light Fusion 400 sensor and f/1.8 aperture. The rear camera supports 4K video recording at 30fps. Camera features include: • 50MP primary camera • 2MP depth sensor • 20MP front camera • 1080p front and rear video recording • AI-enhanced photography features The smartphone is expected to appeal to buyers seeking a balanced camera setup for social media content creation and everyday photography. Large battery with 45 W turbo charging The Redmi Note 15 SE packs a 5,800 mAh battery and supports 45 W turbo charging. Xiaomi is also bundling the charger in the box, which may attract buyers looking for a complete smartphone package without additional accessory purchases. The large battery capacity, combined with the energy-efficient 4nm chipset, is expected to support extended usage for streaming, gaming, and productivity. Enhanced durability and audio experience The smartphone includes IP65 and IP66 ratings for splash, water, and dust resistance under tested laboratory conditions. It also features dual speakers with Dolby Atmos and Hi-Res audio support. Additional features include: • In-screen fingerprint sensor • AI face unlock • Bluetooth 5.1 • Dual-band Wi-Fi support • IR blaster • Hybrid SIM slot with expandable storage The Redmi Note 15 SE also supports multiple 5G bands for wider network compatibility across India. Redmi Note 15 SE - Pricing and storage options In comparison to the upcoming Redmi Note 16 Pro, the Redmi Note 15 SE offers a more affordable package with dependable everyday performance. It is comfortably priced considering the range of features it offers. The storage and RAM options for the Redmi Note 15 SE include: • 6GB RAM + 128GB storage at Rs. 19,999* • 8GB RAM + 128GB storage at Rs. 21,999* • 8GB RAM + 256GB storage at Rs. 23,999* *Disclaimer: Prices and EMI amounts are subject to change based on offers and availability. Customers are advised to check the latest details at their nearest Bajaj Finserv partner store. How to buy the Redmi Note 15 SE on Easy EMIs at Bajaj Finserv partner stores The buying process at Bajaj Finserv partner stores is simple and typically takes 10 to 15 minutes, with customers able to take their new smartphone home the same day. 1. Visit the nearest Bajaj Finserv partner store from among 1.5 lakh+ stores across 4,000+ cities in India. 2. Select the preferred Redmi Note 15 SE variant based on budget and storage requirements. 3. Check eligibility for Easy EMIs at checkout using a mobile number and OTP verification. 4. Choose a flexible repayment tenure between 3 and 60 months. 5. Complete the purchase and take the new smartphone home the same day. For buyers searching for the best mid-range 5G phone under Rs. 20,000 in India or the Redmi Note 15 SE price in India 2026, Bajaj Finserv partner stores offer Easy EMIs, zero down payment on select models, and instant approvals — making this one of the most accessible smartphone upgrades available this summer. Bajaj Finance Limited  Bajaj Finance Ltd. (‘BFL’, ‘Bajaj Finance’, or ‘the Company’), a subsidiary of Bajaj Finserv Ltd., is a deposit taking Non-Banking Financial Company (NBFC-D) registered with the Reserve Bank of India (RBI) and is classified as an NBFC-Investment and Credit Company (NBFC-ICC). BFL is engaged in the business of lending and acceptance of deposits. It has a diversified lending portfolio across retail, SMEs, and commercial customers with a significant presence in both urban and rural India. It accepts public and corporate deposits and offers a variety of financial services products to its customers. BFL, a thirty-five-year-old enterprise, has now become a leading player in the NBFC sector in India, and on a consolidated basis, it has a franchise of 69.14 million customers. BFL has the highest domestic credit rating of AAA/Stable for long-term borrowing, A1+ for short-term borrowing, and CRISIL AAA/Stable & [ICRA]AAA(Stable) for its FD program. It has a long-term issuer credit rating of BB+/Positive and a short-term rating of B by S&P Global Ratings.      To know more, visit www.bajajfinserv.in (Disclaimer: The above press release comes to you under an arrangement with PNN and PTI takes no editorial responsibility for the same.). PTI PWR

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