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    May 12, 2026
    India stocked with two months of fuel supply, but OMC losses could hit Rs 1 lakh cr: Puri
    May 12, 2026
    UP: Suicide note, Aadhaar card on bridge triggers six-hour search, man later found at home
    May 12, 2026
    India Hosts Kimberley Process Intersessional Meeting 2026 in Mumbai
    May 12, 2026
    Jaipur gold traders fear demand slump after PM Narendra Modi’s call to avoid buying gold
    May 12, 2026
    Welspun One signs LoI with Balmer Lawrie for warehousing space in Mumbai
    May 12, 2026
    Prosperous States for a Prosperous India - Speech by Dr. Poonam Gupta, Deputy Governor, Reserve Bank of India, delivered at the ‘Columbia Indian Eco...
    May 11, 2026
    Avoid destination weddings abroad, opt for online school classes: PM continues austerity push
    May 11, 2026
    Deve Gowda welcomes PM Modi’s call for fuel savings, forex conservation
    May 11, 2026
    Rupee crashes 79 paise to close at all-time low of 95.28 against US dollar
    May 11, 2026
    India has sufficient fuel stocks, no rationing planned, says oil ministry official
    May 11, 2026
    Govt says ample stock of fertilisers to meet Kharif demand, no need for panic buying
    May 11, 2026
    Amaravati to get Punggol-style integrated township: Andhra Minister Nara Lokesh
    May 11, 2026
    How Portable AC Units Work and What to Look for Before Buying One This Summer
    May 11, 2026
    Sensex falls over 1,300 pts as high crude oil prices, PM austerity appeal unnerve investors
    May 11, 2026
    China's passenger car exports surge nearly 85 pc in April as domestic sales slump
    May 11, 2026
    Rupee crashes 82 paise to close at all-time low of 95.31 against US dollar
    May 11, 2026
    CBI Apprehends CGST Superintendent, Balasore, Odisha in Bribery Case
    May 11, 2026
    Chandigarh University Online Launches Five Industry-Backed, Future-Ready Programs in AI, Product Management, Project Management and Technology
    May 11, 2026
    AU Small Finance Bank Revises Savings Account Interest Rates to 6.75%* p.a.
    May 11, 2026
    PM austerity appeal row: BJP's counterattack on Rahul Gandhi invokes Nehru's speech
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May 12, 2026
India stocked with two months of fuel supply, but OMC losses could hit Rs 1 lakh cr: Puri
Show AI Summary
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
UP: Suicide note, Aadhaar card on bridge triggers six-hour search, man later found at home
Show AI Summary
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
India Hosts Kimberley Process Intersessional Meeting 2026 in Mumbai
Show AI Summary
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
Jaipur gold traders fear demand slump after PM Narendra Modi’s call to avoid buying gold
Show AI Summary
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
Welspun One signs LoI with Balmer Lawrie for warehousing space in Mumbai
Show AI Summary
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
Prosperous States for a Prosperous India - Speech by Dr. Poonam Gupta, Deputy Governor, Reserve Bank of India, delivered at the ‘Columbia Indian Economy Summit 2026’ at the Raj Centre on Indian Economic Policy at Columbia University on April 11, 2026
Show AI Summary
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.
May 11, 2026
Avoid destination weddings abroad, opt for online school classes: PM continues austerity push
Show AI Summary
Austerity measures urged to cut foreign-currency spending, reduce fuel use, and shift travel, work and schooling domestic
Austerity measures were urged as a public response to global disruption caused by the West Asia crisis, with emphasis on reducing avoidable foreign-currency expenditure and shifting daily activities toward lower-cost, domestic alternatives. Citizens were asked to avoid foreign vacations and destination weddings abroad, defer gold purchases, reduce consumption of edible oils, limit use of imported products, and curtail fuel consumption through public transport, electric mobility and carpooling.
May 11, 2026
Deve Gowda welcomes PM Modi’s call for fuel savings, forex conservation
Show AI Summary
Foreign exchange conservation drives fuel savings, reduced travel and restrained consumption amid West Asia conflict pressures.
Calls for judicious use of fuel and foreign exchange conservation in response to the West Asia conflict emphasise reduced petrol and diesel consumption, greater use of metro rail, carpooling, electric vehicles, railway parcel services and work from home. The appeal also includes postponing gold purchases and foreign travel for one year as measures to ease pressure on the economy and preserve foreign exchange reserves amid disruptions to fuel transport and other global supply effects.
May 11, 2026
Rupee crashes 79 paise to close at all-time low of 95.28 against US dollar
Show AI Summary
Foreign exchange pressure drives rupee to record low as dollar strength, crude prices and capital outflows intensify.
Foreign exchange market pressure pushed the rupee to a record closing low against the US dollar amid a stronger greenback, rising crude oil prices, and heavy foreign capital outflows. Geopolitical tensions in West Asia, domestic appeals to reduce spending on fuel, gold, and foreign travel, and weakness in domestic equities all added to market volatility and pressure on the local currency.
May 11, 2026
India has sufficient fuel stocks, no rationing planned, says oil ministry official
Show AI Summary
Fuel supply stability and no rationing planned as India strengthens inventories, sourcing, and demand management.
India is maintaining adequate fuel and LPG inventories despite disruptions in global energy markets, and no rationing of fuel supplies is planned. The government has kept domestic prices stable, secured additional cargoes, increased procurement from existing and alternative suppliers, and used fiscal measures, including excise duty cuts on petrol and diesel, to absorb part of the price shock. Authorities have also managed supply disruptions through diversified sourcing and calibrated demand-management steps.
May 11, 2026
Govt says ample stock of fertilisers to meet Kharif demand, no need for panic buying
Show AI Summary
Fertiliser availability remains comfortable as government bolsters Kharif supply, stabilises prices, and curbs hoarding.
Fertiliser availability for the upcoming Kharif sowing season remains comfortable, with stocks above the usual seasonal benchmark and additional imports and domestic production supplementing supply. Major fertiliser prices have remained stable, urea pricing is fixed, and further quantities of NPK complexes, DAP, triple super phosphate and ammonium sulphate have been secured to support peak-season demand. Measures are also being taken to promote balanced fertiliser use and prevent hoarding, diversion and black-marketing at the state level.
May 11, 2026
Amaravati to get Punggol-style integrated township: Andhra Minister Nara Lokesh
Show AI Summary
Integrated township development in Amaravati gains momentum with Singapore model cooperation, trade connectivity and MICE infrastructure planning.
Integrated township development in Amaravati is being advanced as a Singapore-modelled urban project, intended to serve as a benchmark development and to support the Amaravati Economic Region. The state has invited requests for proposals and is pursuing monthly working-group consultations to implement the existing memorandum of understanding covering township development, digital transformation and real-time governance. Cooperation is also being sought on trade connectivity, a pilot digital trade corridor, and a dedicated MICE policy with single-window approvals and new infrastructure.
May 11, 2026
How Portable AC Units Work and What to Look for Before Buying One This Summer
Show AI Summary
Portable air conditioner buying guide highlights cooling capacity, energy efficiency, portability, and EMI-based purchase options.
Portable air conditioners are described as an installation-free cooling option for rooms where window or split ACs cannot be fitted, especially for renters and small-apartment users. Buyers are advised to assess cooling capacity, BEE star rating, portability features, noise levels, exhaust hose length, and additional modes such as fan-only and dehumidifier functions. The purchase process includes browsing models, checking eligibility, selecting a partner store, and choosing an EMI plan with repayment tenures from 3 to 60 months and zero down payment on select models.
May 11, 2026
Sensex falls over 1,300 pts as high crude oil prices, PM austerity appeal unnerve investors
Show AI Summary
Crude oil price shock and austerity appeal weigh on investor sentiment amid foreign exchange and inflation concerns.
Stock market weakness was linked to rising crude oil prices, renewed geopolitical tension in West Asia, and concern over inflationary pressure, fuel costs, foreign exchange reserves, and the current account outlook. Investor sentiment was further affected by the Prime Minister's appeal for austerity and conservation of foreign exchange through reduced fuel use, postponement of gold purchases and foreign travel, greater use of public transport, carpooling, electric vehicles, rail services, and work from home.
May 11, 2026
China's passenger car exports surge nearly 85 pc in April as domestic sales slump
Show AI Summary
Chinese EV exports surge as domestic car sales weaken amid global demand and trade pressures.
China's passenger car exports expanded sharply in April as automakers increased overseas shipments while domestic demand weakened. Passenger car exports rose by nearly 85 per cent year on year, with new energy passenger vehicle exports increasing by more than 120 per cent. Domestic passenger car sales fell for the sixth consecutive month, while Chinese brands continued expanding abroad and analysts pointed to stronger global EV demand and trade pressures shaping export prospects.
May 11, 2026
Rupee crashes 82 paise to close at all-time low of 95.31 against US dollar
Show AI Summary
Rupee weakness deepens amid oil surge, dollar strength and foreign outflows, pressuring market sentiment and reserves.
The rupee fell sharply to a record low against the US dollar amid heightened West Asia tensions, a surge in crude oil prices, a stronger dollar and sustained foreign capital outflows. Market sentiment was also weakened by calls for austerity, including reduced discretionary spending and foreign travel, as part of efforts to conserve foreign exchange. India's foreign exchange reserves also fell in the latest reporting week, adding to pressure on the domestic currency.
May 11, 2026
CBI Apprehends CGST Superintendent, Balasore, Odisha in Bribery Case
Show AI Summary
Bribery allegations in GST refund processing led to a CBI trap and apprehension of a CGST superintendent.
Allegations of bribery against CGST officers led to a CBI trap operation after a complaint claimed that the Superintendent and Assistant Commissioner, CGST, Balasore, Odisha, demanded illegal gratification for release of a GST refund. The CBI registered the case on the basis of the complaint and laid a trap, during which the Superintendent was apprehended while accepting the bribe amount.
May 11, 2026
Chandigarh University Online Launches Five Industry-Backed, Future-Ready Programs in AI, Product Management, Project Management and Technology
Show AI Summary
Industry-backed online degree programs expand AI, product management, and certification-led training for career-ready skills.
Industry-backed online degree programs are being launched to align higher education with a skill-first economy and AI-driven workforce needs. The programs emphasise employability, hands-on exposure, and real-world application, replacing purely theory-led learning with outcome-driven training that supports career growth and professional advancement. The portfolio includes data science, agentic AI, product management, and certification-linked management and technology programs designed to strengthen technology, business, and leadership readiness.
May 11, 2026
AU Small Finance Bank Revises Savings Account Interest Rates to 6.75%* p.a.
Show AI Summary
Savings account interest rate revision boosts returns with monthly credit, digital onboarding, and select zero-balance account options.
AU Small Finance Bank has revised its savings account interest rates to up to 6.75% per annum, applicable to select balance slabs and subject to periodic change. The savings account structure includes monthly interest credit, zero-balance options for select variants, and fully digital account opening through video KYC without a branch visit. The account is integrated with mobile and net banking facilities, fund transfers, UPI, IMPS, NEFT, bill payments, fixed deposit booking, account statements, and security features.
May 11, 2026
PM austerity appeal row: BJP's counterattack on Rahul Gandhi invokes Nehru's speech
Show AI Summary
Austerity and self-reliance appeal amid West Asia conflict sparks political clash over responsible leadership.
Political exchange over the Prime Minister's appeal for austerity and economic self-restraint in the context of the West Asia conflict. The appeal urged citizens to conserve energy, reduce fuel consumption, use public transport and carpooling, postpone gold purchases and foreign travel, and prefer indigenous products and Swadeshi goods to conserve foreign exchange and support self-reliance. The response defended these measures as responsible leadership and invoked Nehru's remarks on the impact of wars abroad on India.

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GST REIMBURSEMENT SCHEME

May 20, 2026

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GST REIMBURSEMENT SCHEME

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