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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
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    Regulator AERA fixes Rs 490 UDF for departing domestic passengers at Noida airport
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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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New Delhi Hosts 68th APO Governing Body Meeting with Focus on Regional Productivity Cooperation

May 22, 2026

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Productivity Today Means Resilience, Innovation and Inclusive Growth: Union Minister of Commerce & Industry Shri Piyush Goyal

APO National Awards Honour Productivity Champions and Technical Experts Driving Sustainable Development

The first day of the 68th Session of the Governing Body Meeting (GBM) of the Asian Productivity Organization commenced successfully today at Bharat Mandapam, bringing together senior government officials, Heads of National Productivity Organizations (NPOs), policymakers, productivity experts, and delegates from APO member economies.

The Inaugural Session was held in the distinguished presence of  Union Minister of Commerce & Industry Shri Piyush Goyal, who delivered the inaugural address as the Chief Guest.

In his inaugural address, Shri Piyush Goyal highlighted that, as the outgoing Chair of the Governing Body, India was honoured to contribute during a transformative phase for the APO, where technology, sustainability, and changing global dynamics were reshaping economies. He emphasized that productivity today extends beyond efficiency to include resilience, innovation, and inclusive growth. Highlighting India’s reforms under the visionary leadership of Prime Minister Shri Narendra Modi, he noted initiatives such as Make In India, Startup India, Skill India, the Production Linked Incentive Schemes, PM Gati Shakti National Master Plan, the National Logistics Policy, UPI, Aadhaar, and ONDC as examples of productivity-driven transformation, while reaffirming India’s commitment to regional cooperation, sustainable development, and future-ready growth through the APO.

The inaugural proceedings began with the arrival of dignitaries and the welcome of delegates by Smt. Neerja Sekhar, Director General, NPC India. She highlighted NPC’s commitment to digital transformation, green productivity, capability building, and measurable outcomes to strengthen MSMEs, enhance competitiveness, and promote sustainable and resilient economic growth. Opening remarks were delivered by Shri Amardeep Singh Bhatia, Secretary, DPIIT, Ministry of Commerce & Industry, Government of India, and APO Director for India. He stated that APO Vision 2030 and strategic reforms would strengthen institutional cooperation, governance, and outcomes-based development in all the member economies.

A major highlight of the session was the APO National Award Conferment Ceremony. Dr. V. K. Saraswat, former Member, NITI Aayog and Chair of the APO National Award Search-cum-Selection Committee, addressed the gathering and emphasized the importance of recognizing productivity champions and technical experts contributing toward national and regional productivity enhancement.

The APO National Award certificates were presented to the following distinguished productivity experts by the Shri Goyal, followed by brief remarks from the awardees acknowledging the role of productivity, innovation, and institutional excellence in achieving sustainable development:

  1. APO National Award for Productivity Advocates to Mr. Ashok Panjwani, Director, BEIL Infrastructure Limited, Bharuch, Gujarat.
  2. APO National Award for Productivity Technical Expert to Mr. Bakul Limbasiya, Founder Director, Bhathwari Technologies Pvt. Ltd., Gujarat.
  3. NPC Special Recognition Awards to:

(a) Ms. Vidushi Mittal, Director, Kalaaai Studio, Jaipur, Rajasthan. 

(b) Ms. Anshul Malhotra, Traditional Textile Conservator & Handloom Textile Designer, Krishna Wool, Mandi, Himachal Pradesh. 

(c) Mr. Akhand Pratap Singh, Founder & CEO, Vymanik Aerospace Technologies Pvt. Ltd., Greater Noida, Uttar Pradesh.

Hosted by the National Productivity Council under the aegis of the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce & Industry, Government of India, the three-day Governing Body Meeting is deliberating on key strategic and administrative matters concerning productivity enhancement and sustainable socioeconomic development across the Asia-Pacific region.

The 68th GBM also witnessed important leadership transitions. APO Director for Indonesia, Prof. Anwar Sanusi, assumed the position of APO Chair for 2026–27, succeeding APO Director for India, Shri Amardeep Singh Bhatia. The Acting APO Director for Iran and the Acting APO Director for Japan assumed the positions of First Vice Chair and Second Vice Chair of the APO, respectively.

The Vote of Thanks was delivered by Prof. Anwar Sanusi, APO Chair (2026–27), followed by a group photograph of all dignitaries and delegates.

The Day 1 proceedings commenced with the Plenary Session, during which the Governing Body considered agenda items relating to the approval of the agenda; election of the APO Chair and Vice Chairs for 2026–27; statements by the outgoing and incoming APO Chairs; adoption of annual and financial reports; appointment of auditors; recommendations of the APO Vision 2030 Steering Committee; and the APO preliminary budget for the 2027–28 biennium.

Following the inaugural programme, the Governing Body Meeting reconvened for further plenary deliberations on proposals for endorsement and progress reports concerning APO governance reforms, financial reporting standards, participation of non-member countries, and the implementation of APO Vision 2030 initiatives.

The closing ceremony of the 68th APO Governing Body Meeting will be held on 22 May 2026

About the Asian Productivity Organization (APO):
The Asian Productivity Organization is a premier intergovernmental organization committed to improving productivity for sustainable socioeconomic development in the Asia-Pacific region through mutual cooperation and policy support. Established in 1961, the APO currently has 21 member economies.

About National Productivity Council (NPC):

The National Productivity Council is an autonomous organization of DPIIT, Ministry of Commerce & Industry, Government of India, dedicated to promoting productivity culture in India through consultancy, training, research, and capacity-building initiatives.

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