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May 25, 2026
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Rupee appreciation against the US dollar reflects trade deal hopes, softer global sentiment and RBI market monitoring.
Rupee appreciation against the US dollar was reported in early trade, supported by expectations of progress in US-Iran peace negotiations and indications that an interim India-US trade agreement may be nearing finalisation. The Reserve Bank of India was noted as remaining active in the market to monitor the dollar and manage volatility, while traders also referred to lower holiday-related demand and possible month-end demand. The report placed the currency movement alongside softer dollar strength, lower oil prices, equity gains, and a weekly fall in foreign exchange reserves.
May 25, 2026
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India-Canada CEPA negotiations advance through ministerial engagement aimed at boosting trade, investment, and strategic cooperation.
Advancement of India-Canada CEPA negotiations through a ministerial visit focused on high-level political, official, and business interactions, with the stated aim of reviewing negotiating progress and exploring wider trade and investment opportunities. The engagement is framed as part of sustained bilateral renewal, supported by structured interactions with government leaders, industry representatives, startups, pension funds, and Canadian business interests across sectors including energy, manufacturing, aerospace, agriculture, telecom, pharmaceuticals, and services. The overall emphasis is on using the visit to deepen bilateral cooperation, support ongoing CEPA negotiations, and expand the partnership across priority economic and strategic sectors.
May 25, 2026
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Industrial park development framework sets out eligibility, funding, SPV governance, and monitoring for investment-ready infrastructure.
The BHAVYA Scheme sets out a Central Sector framework for developing investment-ready industrial parks through integrated infrastructure, eligibility criteria, project selection, funding, governance, monitoring, and implementation arrangements. It provides for 100 industrial parks over six years, beginning with a challenge-based selection of up to 50 parks, and covers greenfield and eligible brownfield projects. Implementation will use Special Purpose Vehicles, with financial assistance linked to land contribution and milestone achievement, supported by monitoring, reporting, and oversight mechanisms.
May 24, 2026
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Indo-US trade commitments draw criticism over import expansion, foreign exchange pressure, rupee depreciation, and policy communication concerns.
Political criticism focused on reported commitments in the Indo-US trade relationship, questioning why imports from the US were being expanded while citizens were urged to conserve foreign exchange. The commentary also warned that higher imports could pressure the rupee and argued that the trade arrangement had lost its logic after the US Supreme Court struck down the tariffs that formed its background. It further criticised the government for allowing major foreign policy and trade announcements to come from Washington rather than New Delhi.
May 24, 2026
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Bank staffer alleged theft and money laundering from currency chest through property purchases and cryptocurrency investments.
A public sector bank employee was arrested in connection with the alleged theft of cash from an RBI currency chest in Ahmedabad and the laundering of the stolen money through property purchases and cryptocurrency investments. The theft was allegedly carried out by concealing currency notes in iron boxes presented as scrap, with two contract labourers involved. Police registered an FIR, recovered part of the money, and said the accused used proceeds to buy property, a commercial vehicle and a shop, and to invest in cryptocurrency.
May 24, 2026
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Cheating allegations in export trade over green chillies, with claimed non-payment of sale proceeds and threats after demand.
Cheating allegations arose from an export transaction involving green chillies, where the accused allegedly took charge of the consignment, collected money towards purchase, transport, shipping and customs clearance, sold the goods in Dubai and failed to remit the proceeds due to the complainant's firm. The complaint also alleges that the accused threatened the complainant when payment was demanded. A case was registered under the Bharatiya Nyaya Sanhita, and investigation is in progress.
May 24, 2026
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Strategic partnership reset as India and the United States broaden talks on trade, energy security, visas and counterterrorism.
India and the United States held frank discussions to reset strained bilateral relations and deepen cooperation across trade, visas, energy security, cross-border terrorism, defence, critical minerals and high technology. The talks also covered regional and global developments, including the West Asia conflict, maritime commerce and supply-chain resilience, with both sides signalling continued engagement on strategic and economic issues. India articulated a five-point foreign policy approach stressing dialogue and diplomacy, safe and unimpeded maritime commerce, respect for international law, opposition to the weaponisation of market shares and resources, and support for trusted partnerships and resilient supply chains. The discussions further highlighted India's concerns on energy security, diversification of energy sources, stable energy markets and the need to keep energy prices low for global growth. The two sides also addressed visa and immigration policy changes, with India emphasising that legal mobility should not be adversely affected and the United States indicating that reform-related friction is part of a broader transition and is not targeted at India. Economic ties were reinforced by discussion of a prospective trade agreement, while counter-terrorism cooperation, counter-narcotics cooperation, extradition-related cooperation and coordination in international forums remained part of the wider strategic partnership.
May 24, 2026
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Trade agreement and strategic cooperation shape the US-India relationship amid efforts to rebalance global trade policy.
US and India are poised to finalise a trade agreement described as beneficial, enduring and sustainable, with both sides seeking arrangements that advance mutual interests and address their respective national interests. The discussions also covered wider bilateral cooperation in trade, critical minerals, energy and defence, against the backdrop of efforts to reset trade relations and rebalance US trade policy on a global basis rather than against any particular country.
May 24, 2026
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Indo-US trade commitments face criticism over import surge, foreign exchange pressure, and questions on foreign policy messaging.
Congress criticised the Prime Minister over a reported US claim that India has committed to purchasing large volumes of American goods over the next five years, focused on energy, technology and agriculture. The criticism questioned the reported Indo-US trade arrangement, its alleged concessions, and whether it should be renounced after the US Supreme Court struck down the tariffs that had formed its backdrop. It also raised concerns about foreign exchange pressure, rupee depreciation, and foreign policy announcements coming first from Washington.
May 24, 2026
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Trade negotiations advance as India and the United States move closer to an enduring bilateral agreement.
Trade negotiations between India and the United States are reported to be nearing a stage where a bilateral agreement may soon be finalised on terms described as enduring, beneficial and sustainable to both sides. The discussions are presented as part of a broader effort to advance mutual interests and improve overall bilateral relations, which are said to be on an upward trajectory. The talks covered cooperation in trade, critical minerals, energy and defence, and a US trade delegation is expected to visit India soon to take forward the proposed agreement.
May 24, 2026
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Competition law challenge to state liquor procurement practices fails for lack of evidence of abuse of dominant position.
Competition law challenge to a state-owned liquor procurement and distribution agency was rejected for want of concrete evidence of anti-competitive conduct. The tribunal accepted that no prima facie case of abuse of dominant position was made out, including no demonstrated harm or loss from alleged unilateral pricing, tender conditions, delayed payments, additional charges, or preference for state-owned brands. It also held that the pricing clause and differential discount structure were commercially justified and did not, on their face, distort market competition or consumer choice.
May 23, 2026
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Defence infrastructure priority leads to eviction order for Delhi Gymkhana Club premises and transfer of possession by June 5.
The Land and Development Office has directed the Delhi Gymkhana Club to hand over possession of its Safdarjung Road premises by June 5, stating that the land is urgently required for strengthening and securing defence infrastructure and other public-security purposes. The lease is determined under the lease deed, re-entry is ordered with immediate effect, and the entire 27.3-acre plot with all structures will vest in the lessor upon re-entry, with possession to be delivered on the specified date.
May 23, 2026
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Fuel price hike and import dependence allegations raise concerns over inflation, consumer burden, and energy security.
Congress alleged that the government was burdening consumers with a post-poll rise in petrol and diesel prices while not passing on the benefit of lower global crude prices or discounted Russian crude. The party said high excise duties had kept retail fuel prices elevated, recent increases would raise transport costs and inflation, and fuel reductions were often timed around elections. It also questioned rising import dependence for crude oil, gas and LPG, and criticised the handling of strategic reserves and supply diversification.
May 23, 2026
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Fuel price hikes and an undeclared financial emergency dominate criticism of the Centre's economic policies.
Economic policy criticism centred on repeated petrol and diesel price hikes, alleged fuel shortages, and their impact on tourism, taxi drivers, and apple growers. The minister accused the Centre of failed economic and foreign policies, said the country was nearing financial , and described the situation as an undeclared financial emergency linked to joblessness, privatisation, and pressure on dissent.
May 23, 2026
Show AI Summary
Failed ATM transactions trigger bank liability for prompt reversal, delay compensation, and accountability under RBI norms.
Consumer protection jurisprudence concerning failed ATM transactions and the liability of the card-issuing bank to reverse wrongly debited funds promptly. A consumer court found deficiency in service where cash was not dispensed from an ATM but the customer's account was debited, and the amount remained unreversed for several months despite repeated complaints. RBI norms require reversal within five days and provide compensation for delay, with accountability placed on the card-issuing bank even when the withdrawal was attempted at another bank's ATM.
May 23, 2026
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Portfolio management and mutual fund payment reforms take shape as SEBI weighs calibrated relaxation and donation routes.
SEBI is reviewing the Portfolio Management Services framework and plans a consultation paper on reforms to revive growth. It is also examining calibrated relaxation of mutual fund third-party payment restrictions under anti-money laundering norms, including clean and auditable routes for employer salary deductions and commission payments through mutual fund units, while keeping redemption proceeds and dividends confined to verified bank accounts. The regulator is further considering charitable donations through mutual funds and possible simplification measures for overseas investors.
May 23, 2026
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Illegal coaching and commercial misuse of industrial sheds triggers a crackdown on unauthorised premises use.
District administration directed an immediate crackdown on illegal coaching classes and related commercial activities operating from industrial sheds and plots in the Latur Industrial Estate. The District Industries Centre ordered closure of unauthorised uses of premises leased for manufacturing purposes, including private coaching centres, hostels, mess facilities, hotels, study rooms and book centres, and warned of strict legal action if the directions were not implemented immediately.
May 23, 2026
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India-EU free trade deal may turn Estonia into a gateway for northern European market access and digital business growth.
India's proposed free trade arrangement with the European Union is expected to make Estonia a gateway to northern European markets and deepen commercial engagement. The existing trade base is described as a springboard for wider access, with opportunities for small and medium-sized industries, digital technologies, IT, AI-enabled services and software as a service. Estonia's e-residency programme, ports and EU membership are also presented as facilitating Indian business participation and broader market reach.
May 23, 2026
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APO Vision 2030 drives governance reform, digital transformation and productivity-led growth across member economies.
The Governing Body Meeting focused on APO Vision 2030, governance priorities, institutional performance measures, budgetary planning, compliance, capacity building and productivity-led growth. Member economies also reaffirmed cooperation on digital transformation, sustainable development, innovation and AI-driven productivity enhancement under the GAIA initiative, while the APO Accreditation Body's role in accrediting certification bodies for productivity specialists was highlighted.
May 23, 2026
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Bribery in GST compliance alleged as CBI arrests officials for demanding payment to resolve Input Tax Credit mismatch.
CBI arrested a CGST Superintendent and Inspector in a bribery case involving a demand for undue advantage to resolve an Input Tax Credit mismatch and a threat to block the complainant's GST registration. A trap was laid and the accused were caught red-handed while accepting part payment of the bribe. Searches were conducted at the office and residential premises of the accused public servants, and investigation is continuing.

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'Compromised' PM appeasing 'good friend': Congress on Rubio's India trade remarks

May 24, 2026

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New Delhi, May 24 (PTI) The Congress on Sunday targeted Prime Minister Narendra Modi over US Secretary of State Marco Rubio's remarks that India has committed to purchasing USD 500 billion worth of American goods over the next five years, alleging that the "compromised PM" was going the extra mile to appease his "good friend".

Congress general secretary in charge of communications, Jairam Ramesh, also asked why the Modi government had not shown the courage to renounce what he termed an "anti-people" and "dangerous" India-US trade deal, as countries such as Malaysia had done.

He also questioned why the Modi government had agreed to record imports from the US when the prime minister had on record asked citizens to cut down on domestic fuel consumption and overseas travel to save foreign exchange.

Will this surge in imports not further cause the rupee to depreciate, he further asked.

"At 5:37 PM IST on May 10 2025, it was US Secretary of State Marco Rubio who first made the announcement of the ceasefire that brought Operation Sindoor to an unexpected halt. He had claimed that it was intervention by President Trump that made the ceasefire possible," Ramesh said on X.

On May 21, 2026, Rubio was again the very first to announce that the President of Venezuela would be visiting India next week, he said, adding that this was even before India and Venezuela had even hinted or confirmed the news.

"Today, Mr. Rubio has once again shocked the country by making a statement on X that the Modi Government has committed to purchasing USD 500 billion in U.S. goods over the next five years, focusing on energy, technology, and agriculture," Ramesh said.

India's current yearly imports are USD 52.9 billion as of FY26, and Rubio's statement implies that India will have to double its annual imports from the US, he said.

"We have five straight questions for the Prime Minister on this new development -- Countries like Malaysia have declared their trade agreements with the US 'null and void' after the US Supreme Court ruling, which struck down the Trump tariffs that formed the backdrop to these agreements.

"The Indo-US trade deal, signed in a hurry by the PM while he was under pressure from Rahul Gandhi's expose in Parliament, saw the Modi Government unilaterally make enormous concessions that threaten our farmers and industries," he said.

"The logic of this deal has now collapsed after the US Supreme Court's verdict striking down the tariffs. Why has the Modi Government not had the courage to renounce this anti-people, dangerous trade deal like Malaysia and other countries have?" Ramesh said.

He pointed out that the prime minister himself urged citizens to reduce fuel consumption and overseas travel to save foreign exchange.

"Why has the Modi Government simultaneously agreed to record imports from the US at the same time?" he asked.

Ramesh said the Indian rupee has lost 12 per cent of its value against the US dollar over the past 12 months. Will this surge in imports from the US not further cause the rupee to depreciate, he asked.

"Last week, the Trump administration dismissed the criminal fraud charges against Mr Adani in the solar energy scam where Mr. Adani reportedly paid bribes for USD 265 million. Is Mr. Modi's capitulation to the US on imports linked to the relief provided to the Modani empire by Mr. Trump?" he said.

"Why is all the communication on Indian foreign policy -- from the Operation Sindoor ceasefire and the halting of Russian oil and gas imports, to the Indo-US trade deal and the visit of the Venezuelan President -- now coming first from Washington DC instead of New Delhi?" Ramesh said.

Why have the prime minister and Foreign Affairs Minister S Jaishanka renounced their responsibility to communicate to the Indian people and to the world the foreign policy of our sovereign state, Ramesh asked.

"It appears that the compromised Prime Minister is keen on going the extra mile to appease and please his good friend," the Congress leader said, taking a swipe at the PM.

Ramesh's remarks came hours after Rubio, in a post on X, said, "Huge thanks to @USAmbIndia Sergio Gor and our American diplomats for their efforts. Because of their great work, India has committed to purchasing $500 billion in U.S. goods over the next five years, focusing on energy, technology, and agriculture." "They're doing terrific work on behalf of President Trump and the American people!" Rubio said.

Prime Minister Modi on Saturday said India and the US will continue to work closely for the global good.

Rubio, who met Modi shortly after landing in New Delhi, invited the prime minister on behalf of President Donald Trump to visit the White House in the "near future", as the top American diplomat described India as the "cornerstone" of Washington's approach towards the Indo-Pacific.

On Sunday, Rubio held talks with Jaishankar here and said that relations between India and the US have not lost momentum. PTI ASK RHL

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