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    May 22, 2026
    Tax officials hold awareness programme on new income tax rule
    May 22, 2026
    Awareness programme on Income Tax Act 2025 held in Thane
    May 22, 2026
    India's near-term outlook somewhat clouded by supply-side pressures: RBI Bulletin
    May 22, 2026
    ED arrests Hyderabad 'Ponzi scheme' accused from Gurugram Airbnb property
    May 22, 2026
    Register FIR in missing cases immediately, make anti-human trafficking units functional: SC
    May 22, 2026
    Financial conditions, crude oil prices challenges for external sector outlook: RBI article
    May 22, 2026
    RBI announces record Rs 2.87 lakh cr dividend to govt amid West Asia conflict
    May 22, 2026
    India’s Corporate Bond Market at an Inflection Point: Opportunities for Retail Investors in 2026
    May 22, 2026
    Forex kitty drops USD 8 bn to USD 688.894 bn
    May 22, 2026
    DRI seizes 60,000 kg smuggled foreign origin areca nuts in North-East region; 5 held
    May 22, 2026
    In response to PM's austerity appeal, Maharashtra tourism dept cancels foreign tours
    May 22, 2026
    RBI to pay record dividend of Rs 2.87 lakh crore to govt for FY26
    May 22, 2026
    Best Haier ACs to Upgrade Home Cooling in India in 2026
    May 22, 2026
    Transcorp Delivers All-Time High Earnings for Q4 and FY26; Declares 30% Dividend and Gains Access to RBI's Centralised Payment Systems With NEFT/RTGS ...
    May 22, 2026
    Indonesia tightens control over key commodities in major trade takeover, influencing global exports
    May 22, 2026
    Rupee rises 18 paise to 96.18 against US dollar in early trade
    May 22, 2026
    New Delhi Hosts 68th APO Governing Body Meeting with Focus on Regional Productivity Cooperation
    May 21, 2026
    Rupee recovers 50 paise from all-time low to settle at 96.36 against US dollar
    May 21, 2026
    Venugopal Dhoot moves SC against order upholding separate insolvency for VIL and VOVL
    May 21, 2026
    Dalmia Bharat nears deal for JAL cement assets after Adani insolvency takeover: sources
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May 22, 2026
Tax officials hold awareness programme on new income tax rule
Show AI Summary
Tax law simplification and voluntary compliance highlighted in outreach programme on the new income tax regime.
Tax authorities organised an awareness programme under the nationwide outreach campaign "PRARAMBH 2026" to familiarise taxpayers and stakeholders with the New Income-tax Act, 2025 and the Income-tax Rules, 2026. The programme highlighted simplification of tax laws, trust-based governance, decriminalisation of selected provisions, timely taxpayer services and data-driven NUDGE campaigns to encourage voluntary compliance.
May 22, 2026
Awareness programme on Income Tax Act 2025 held in Thane
Show AI Summary
Taxpayer awareness on the new tax regime highlighted Tax Year, return filing, and TDS/TCS compliance provisions.
A taxpayer awareness and outreach programme was conducted to familiarise stakeholders with the provisions of the Income Tax Act, 2025. The sessions highlighted the new Tax Year concept, return filing framework, and TDS/TCS provisions, with the stated aim of reducing compliance burdens and improving taxpayer convenience. An interactive question-and-answer session addressed implementation queries and supported stakeholder engagement.
May 22, 2026
India's near-term outlook somewhat clouded by supply-side pressures: RBI Bulletin
Show AI Summary
Supply-side pressures cloud India's near-term outlook as inflation spillovers, trade disruptions and external headwinds warrant close monitoring.
India's near-term outlook is described as resilient but clouded by supply-side pressures linked to the West Asia conflict, with inflationary spillovers requiring monitoring. Domestic demand remains the main growth driver, while the external sector faces pressure from crude oil prices, capital flows and a wider merchandise trade deficit. The economy is said to be cushioned by robust services exports, positive net FDI flows, foreign exchange reserves and policy measures. High-frequency indicators showed mixed trends, including e-way bill growth, fuel consumption changes and higher electricity demand.
May 22, 2026
ED arrests Hyderabad 'Ponzi scheme' accused from Gurugram Airbnb property
Show AI Summary
Money laundering investigation leads to arrest of alleged investment fraud accused from Gurugram after prolonged evasion.
Enforcement Directorate arrested the prime accused in the Heera Group-linked alleged investment fraud from an Airbnb property at Gurugram during a joint operation with Haryana Police. The agency said she was living under a fake identity using forged Aadhaar documents and was apprehended with an associate. She was taken to Hyderabad and produced before a special PMLA court, which remanded her to judicial custody. The ED also referred to asset attachment, auction of properties for victim restitution, and alleged obstruction of auction proceedings.
May 22, 2026
Register FIR in missing cases immediately, make anti-human trafficking units functional: SC
Show AI Summary
Missing person FIRs require immediate registration, with kidnapping and trafficking provisions applied from the outset.
Police authorities must immediately register FIRs in missing person cases without waiting for a preliminary inquiry, and the FIR must include the relevant kidnapping and trafficking provisions. Missing child cases are to be treated from the outset on a presumption of kidnapping or abduction, while anti-human trafficking units must be made fully functional and supported by an all-India police grid with a dedicated human trafficking portal.
May 22, 2026
Financial conditions, crude oil prices challenges for external sector outlook: RBI article
Show AI Summary
External sector outlook faces pressure from financial conditions, crude oil prices and capital flows amid West Asia uncertainty.
External sector outlook remains under pressure from financial conditions, crude oil prices and capital flows amid the West Asia conflict, with volatility in commodity markets, global trade flows and supply chains adding to uncertainty. India is described as entering this phase from a position of macroeconomic strength, with domestic demand continuing as the main driver of growth, while robust services exports, positive net FDI flows, foreign exchange reserve buffers and policy measures are expected to cushion external headwinds.
May 22, 2026
RBI announces record Rs 2.87 lakh cr dividend to govt amid West Asia conflict
Show AI Summary
RBI surplus transfer and contingent risk buffer policy reflect strong income, balance-sheet growth, and macroeconomic caution.
The Reserve Bank of India approved transfer of surplus to the Central Government for the accounting year 2025-26 after reviewing its financial performance, macroeconomic conditions and risk buffer requirements. The approved surplus transfer was set at Rs 2,86,588.46 crore, while the Bank also recorded net income of Rs 3.96 lakh crore for FY26 and an expanded balance sheet of Rs 91,97,121.08 crore. Under the revised Economic Capital Framework, the Central Board maintained flexibility for the Contingent Risk Buffer within the range of 4.5 per cent to 7.5 per cent.
May 22, 2026
India’s Corporate Bond Market at an Inflection Point: Opportunities for Retail Investors in 2026
Show AI Summary
Retail access to corporate bonds expands as digital platforms, lower entry thresholds, and changing rates reshape fixed-income investing.
India's corporate bond market is becoming more accessible to retail investors as digital investment platforms, lower entry thresholds and improved awareness broaden participation beyond institutions and large financial investors. Retail access has been supported by RBI Retail Direct, SEBI's online bond platform framework and lower minimum investment requirements, which have made listed corporate bonds easier to compare, review and hold through digital channels. The market is also being shaped by changing interest rate conditions, with investors increasingly comparing corporate bonds against fixed deposits and other fixed-income products on the basis of yield, risk and tax treatment.
May 22, 2026
Forex kitty drops USD 8 bn to USD 688.894 bn
Show AI Summary
Foreign exchange reserves decline as foreign currency assets, gold reserves and SDRs fall amid rupee pressure.
India's foreign exchange reserves declined during the reporting week, driven mainly by a fall in foreign currency assets, with additional decreases in gold reserves, special drawing rights, and the reserve position with the IMF. The note states that foreign currency assets are affected by changes in non-US currencies and refers to forex market intervention through dollar sales amid rupee pressure.
May 22, 2026
DRI seizes 60,000 kg smuggled foreign origin areca nuts in North-East region; 5 held
Show AI Summary
Smuggled foreign-origin areca nuts seized in intelligence-based operations, with arrests made in the North-East region.
DRI conducted intelligence-based operations in Mizoram and Assam and seized around 60,000 kg of smuggled foreign-origin dried areca nuts alleged to have been brought into India from Myanmar through the Myanmar-Mizoram border. Five persons were arrested in connection with the seizures, and the illegal influx was stated to be causing economic harm to domestic areca nut growers and border-region economic security.
May 22, 2026
In response to PM's austerity appeal, Maharashtra tourism dept cancels foreign tours
Show AI Summary
Foreign travel curbs and domestic tourism push aim to conserve fuel, foreign exchange, and support local economy.
The Maharashtra government has cancelled all proposed foreign tours of its tourism department and affiliated delegations with immediate effect to conserve fuel and foreign exchange reserves. The measure follows the Prime Minister's austerity appeal and the Chief Minister's directions, with an official order issued to the department. The ministry also urged citizens to prioritise domestic tourism, conserve foreign exchange, reduce energy and resource wastage, and use public transport or eco-friendly vehicles wherever possible.
May 22, 2026
RBI to pay record dividend of Rs 2.87 lakh crore to govt for FY26
Show AI Summary
Record RBI dividend transfer to government reflects higher surplus and stronger annual income position.
The Reserve Bank of India approved a record dividend transfer to the Government for the 2025-26 financial year, reflecting a higher surplus distribution than in the previous year and providing additional fiscal space. The decision was taken by the Central Board of Directors and followed the bank's annual surplus position, which rose alongside higher net income before risk provision and transfer to statutory funds.
May 22, 2026
Best Haier ACs to Upgrade Home Cooling in India in 2026
Show AI Summary
Consumer financing for air conditioner purchases through EMI plans and partner stores, backed by an RBI-registered NBFC.
Consumer financing is offered for the purchase of Haier air conditioners through Bajaj Finance partner stores, with models compared on cooling capacity, star rating, and product features before purchase. The financing facility includes an Insta EMI Card or Easy EMI Loan, selective zero down payment offers, and repayment tenures ranging from 3 to 60 months, enabling the cost of purchase to be split into monthly instalments. Bajaj Finance is described as a Reserve Bank of India-registered deposit-taking non-banking financial company, classified as an NBFC-Investment and Credit Company, engaged in lending, acceptance of deposits, and a diversified retail and commercial lending business.
May 22, 2026
Transcorp Delivers All-Time High Earnings for Q4 and FY26; Declares 30% Dividend and Gains Access to RBI's Centralised Payment Systems With NEFT/RTGS Capabilities
Show AI Summary
Payment systems access and remittance authorisation accompany strong earnings growth, dividend distribution, and lower finance costs.
Strong improvement in profitability was reported for the quarter and financial year ended 31 March 2026, with the company recording its highest ever earnings from business operations, reduced finance costs, and a 30% total dividend for FY26. The disclosure also noted that the company had no outstanding public fixed deposits or long-term borrowings. It stated that the company had obtained an operative bank account with the Reserve Bank of India and its own IFSC code, enabling participation in centralised payment systems and settlement of RTGS/NEFT transactions and trade or business-related remittances.
May 22, 2026
Indonesia tightens control over key commodities in major trade takeover, influencing global exports
Show AI Summary
State control over key commodity exports reshapes trade oversight, pricing, and transparency in Indonesia's resource sector.
Indonesia is restructuring control over exports of key commodities by assigning a newly created state-owned enterprise to manage trade in coal, palm oil and iron alloys, with implementation planned in stages from June to September. The policy is presented as a governance reform intended to strengthen oversight of strategic commodity trade, improve transparency in reporting, and increase tax revenue by curbing under-invoicing, transfer pricing and diversion of export proceeds. The measure gives the government greater influence over commodity pricing and trade administration.
May 22, 2026
Rupee rises 18 paise to 96.18 against US dollar in early trade
Show AI Summary
Rupee appreciation gains support from softer crude, easing geopolitical tensions, and expected central bank swap intervention.
The rupee appreciated in early trade against the US dollar amid softer crude oil prices, tentative easing of geopolitical tensions, and active Reserve Bank of India intervention in the foreign exchange market. Confidence also improved on account of the central bank's planned USD buy-sell swap auction, seen as a liquidity-supportive measure that could inject rupee liquidity into the banking system and help contain excessive exchange-rate volatility.
May 22, 2026
New Delhi Hosts 68th APO Governing Body Meeting with Focus on Regional Productivity Cooperation
Show AI Summary
Productivity cooperation in the Asia-Pacific takes centre stage as APO leaders discuss Vision 2030, governance reforms, and sustainable growth.
The 68th Governing Body Meeting of the Asian Productivity Organization opened in New Delhi with a focus on regional productivity cooperation, sustainable socioeconomic development, and the role of productivity in resilience, innovation, and inclusive growth. The proceedings highlighted digital transformation, green productivity, capability building, and the recognition of productivity advocates and technical experts for contributions to productivity enhancement and sustainable development. Plenary deliberations covered agenda approval, leadership election, annual and financial reports, auditors, APO Vision 2030 recommendations, governance reforms, reporting standards, and implementation initiatives.
May 21, 2026
Rupee recovers 50 paise from all-time low to settle at 96.36 against US dollar
Show AI Summary
Rupee recovery reflects crude oil softness, geopolitical easing, and central bank support amid continued currency market pressure.
The rupee recovered from its all-time closing low to settle stronger against the US dollar, supported by lower crude oil prices, signs of easing geopolitical friction, and reported central bank intervention. Market participants said currency trading continued to reflect geopolitical risk, oil sensitivity, and expectations around the upcoming monetary policy review, while the one-year forward market suggested a weakening bias in the USD/INR outlook over the next 12 months.
May 21, 2026
Venugopal Dhoot moves SC against order upholding separate insolvency for VIL and VOVL
Show AI Summary
Separate insolvency proceedings for distinct business groups upheld on commercial wisdom and specialised resolution needs.
Separate corporate insolvency resolution processes for Videocon Industries Ltd. and Videocon Oil Ventures Ltd. were treated as independently maintainable on the basis of the distinct nature of their businesses, the creditors' commercial wisdom, and the need for specialised resolution. The appellate tribunal held that consumer electronics operations and oil-related businesses could not realistically be revived through a single common insolvency process, and that the tribunal should not interfere with the committee of creditors' decision to keep the two CIRPs separate.
May 21, 2026
Dalmia Bharat nears deal for JAL cement assets after Adani insolvency takeover: sources
Show AI Summary
Insolvency-driven cement asset acquisition advances as disputes are settled and prior challenges around the business are resolved.
Cement assets of Jaiprakash Associates Ltd. are proposed to be acquired by Dalmia Bharat Ltd. after JAL's acquisition through the insolvency process. The transaction concerns JAL's cement and clinker capacities and follows earlier legal hurdles linked to a shareholder dispute. Dalmia Bharat has also signed an agreement with JAL and the Adani Group to settle disputes, pending legal proceedings, arbitral awards and prior framework arrangements relating to the cement business.

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GST REIMBURSEMENT SCHEME

May 20, 2026

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GST REIMBURSEMENT SCHEME

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