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    Rupee falls 9 paise to 94.94 against US dollar in early trade
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June 1, 2026
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Rupee weakness reflects crude oil pressure, safe-haven dollar demand and suspected central bank support in the forex market.
The rupee weakened in early trade against the US dollar amid higher crude oil prices, a firmer dollar index and heightened geopolitical tensions linked to the Israel-Lebanon conflict. Market participants also referred to suspected RBI intervention in the currency market, a decline in India's forex reserves and net foreign institutional investor selling in equities.
June 1, 2026
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Anti-narcotics operations under Operation Chakravyuh seize narcotic contraband and expose trafficking through baggage, courier consignments and export cargo.
Coordinated anti-narcotics operations by the Cochin Unit of the Directorate of Revenue Intelligence under Operation Chakravyuh led to the seizure of narcotic drugs and psychotropic substances, including methaqualone, methamphetamine and hashish oil, intended for illicit distribution and trafficking. The contraband was detected through passenger baggage at an airport, concealment in courier consignments and outbound export cargo. More than 24 kg was seized and five persons were apprehended under the Narcotic Drugs and Psychotropic Substances Act, 1985.
June 1, 2026
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Anti-narcotic enforcement targets illicit ganja transportation, with seizure and arrests under the NDPS Act.
Anti-narcotic enforcement action involved the seizure of 104.9 kg ganja in Bihar and the arrest of two persons for illicit transportation under the relevant provisions of the NDPS Act, 1985. The action formed part of a continuing drive by the Directorate of Revenue Intelligence to curb drug trafficking and dismantle narcotics supply networks across India.
June 1, 2026
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Free trade agreement negotiations with India gain momentum as Canada seeks new market access for exporters and sector opportunities.
Canada and India are continuing negotiations on a proposed free trade agreement/Comprehensive Economic Partnership Agreement amid renewed bilateral engagement after talks stalled in 2023. Canadian officials said the negotiations remained active and could conclude later in the year, while the discussions are aimed at keeping Canadian businesses competitive and opening new markets for Canadian exporters. The summit also highlighted agricultural trade issues, including Canadian pulse exports and existing Indian duties on yellow peas and lentils.
May 31, 2026
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Free trade agreement talks gain momentum as Canadian and Indian officials signal renewed optimism over a comprehensive partnership deal.
Canadian and Indian officials expressed optimism that negotiations on a proposed Comprehensive Economic Partnership Agreement would resume and advance after talks stalled in 2023, reflecting renewed bilateral engagement between the two countries. Public comments at a business summit indicated continuing discussions on a free trade agreement and confidence that a deal could be reached later in the year, alongside a broader push to expand bilateral trade.
May 31, 2026
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UK-India trade and global security talks drive Yvette Cooper's visit to China and India amid wider cooperation plans.
UK Foreign Secretary Yvette Cooper is due to visit China and India for talks on global challenges, bilateral cooperation and the UK-India Vision 2035. The discussions are expected to cover the Strait of Hormuz, Russia's invasion of Ukraine and the Ebola outbreak in Africa, while the India visit will include engagement with business, academia and government stakeholders linked to the free trade framework.
May 31, 2026
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Onion growers' revival package demand centers on export stability, price protection, storage support and direct farmer assistance.
Onion growers in Maharashtra have sought a comprehensive revival package and a stable long-term export policy to address losses attributed to repeated export bans, export duty, minimum export price restrictions, buffer stock releases at low domestic prices, and crop damage from adverse weather, disease, spurious seeds and storage losses. The association also wants direct transfer of assistance into farmers' bank accounts, subsidies for certified seeds and storage infrastructure, and support for processing industries and farmer-owned value-added units.
May 31, 2026
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Windfall gains tax on fuel exports reduced as export duties and cess are eased while domestic rates stay unchanged.
Windfall gains tax on export of petrol, diesel and aviation turbine fuel was reduced from 1 June, with the levy on petrol cut to Rs 1.5 per litre, diesel reduced to Rs 13.5 per litre and aviation turbine fuel reduced to Rs 9.5 per litre. Road and infrastructure cess on export of petrol and diesel was made nil, while domestic duty rates on petrol and diesel remained unchanged.
May 30, 2026
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Cooperative fund misappropriation alleged through fabricated entries and diversion of government deposits for personal use.
Cooperative funds management was alleged to have been manipulated through fabricated day-book entries and diversion of government deposits by a former secretary of a service co-operative society. The allegations concern misappropriation of funds entrusted during his tenure, where the account records were shown as balanced while the corresponding cash was not deposited into the cooperative bank. The funds were stated to have been meant for agricultural and cooperative development schemes and were allegedly diverted for personal use.
May 30, 2026
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Money laundering and organised crime charges framed against accused over alleged extortion, impersonation, and layered proceeds of crime.
Delhi court ordered framing of charges in a money-laundering prosecution against Jacqueline Fernandez, Sukesh Chandrashekhar and others, finding prima facie material for proceeding under Section 3 of the Prevention of Money Laundering Act, punishable under Section 4. The allegations concerned proceeds of crime generated through extortion, cheating, impersonation and criminal intimidation, and their concealment, layering and projection as untainted property. In the connected case, charges were also directed under MCOCA, the Information Technology Act and related penal offences for organised crime and personation of public servants.
May 30, 2026
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Limited trade arrangement shapes India-EAEU free trade talks as negotiations on product-group liberalisation gain momentum.
India and the Eurasian Economic Union are discussing a limited and temporary trade arrangement covering selected groups of goods as part of negotiations for a proposed free trade agreement. The arrangement is being considered as a product-group-based free trade zone rather than a full liberalisation package. The trade liberalisation process has gathered momentum, with Terms of Reference signed to launch negotiations and the first round of talks already held.
May 30, 2026
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Database activity monitoring strengthens regulated sectors with real-time visibility, privileged access control, and compliance-ready audit trails.
Database Activity Monitoring platform for regulated organisations is presented as a security and compliance tool designed to address the lack of continuous, forensic-grade visibility at the database layer. It monitors query-level activity, privileged access, insider threats, and SQL behaviour in real time, while generating immutable audit trails and supporting forensic session replay and behavioural analytics. The platform operates through a fully on-premises, air-gap architecture, keeps data within the customer's infrastructure, and is aligned with major regulatory and security frameworks through audit logging, retention, access monitoring, and incident reporting.
May 30, 2026
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On-screen marking irregularities draw allegations of tender manipulation, with calls for a CBI probe and ministerial accountability.
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May 30, 2026
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Cautious resilience in India's macroeconomic outlook as external shocks, monsoon risk and inflation pressures demand policy agility.
India's near-term macroeconomic outlook reflects cautious resilience amid likely moderation in economic activity, a below-normal monsoon risk, and persistent external and inflationary pressures. Domestic fundamentals remain broadly intact, supported by expansionary PMI readings, stable labour markets and foreign exchange reserves, while global headwinds from the West Asia conflict, elevated energy prices and tighter financial conditions continue to weigh on the outlook. Policy will need to remain agile across monetary, fiscal and structural dimensions to safeguard growth and keep inflation anchored.
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Corporate Social Responsibility through zero coupon zero principal instruments enables regulated funding for public welfare projects on social stock exchange.
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News and Press Release

Flash Report on Central Sector Infrastructure Projects worth ₹150 crore and above

May 25, 2026

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PAIMANA Portal Tracks 1,981 Infrastructure Projects worth ₹42.78 lakh crore as of April 2026

The Ministry of Statistics and Programme Implementation (MoSPI) continues to strengthen monitoring of Central Sector infrastructure projects through its PAIMANA platform, enabling improved tracking, timely reviews, and data-driven decision-making across Ministries. The portal tracks 1,981 Infrastructure Projects worth of ₹42.78 lakh crore as of April 2026.

Key Highlights

  • As of April 2026, 1,981 ongoing infrastructure projects, with a total revised cost of ₹42.78 lakh crore, are being monitored across 17 Central Ministries/Departments. The cumulative expenditure incurred on these projects stands at ₹20.36 lakh crore, accounting for approximately 47.59 per cent of the revised project cost, indicating steady progress in project implementation.
  • A significant proportion of projects are at advanced stages, with 801 projects (~40%) achieving over 80% physical progress, while 277 (~14%) have crossed 80% financial completion. The data also reflects a balanced pipeline, with projects distributed across early and advanced stages of implementation.
  • The Transport & Logistics sector (as per the DEA’s Harmonized Master List) accounts for the highest number of ongoing projects (1459 projects), with revised estimates of ₹23.34 lakh crore underscoring priority to connectivity-driven infrastructure growth.
  • 1,981 ongoing infrastructure projects include 814 Mega projects (project cost of ₹1,000 crore & above) with an original cost of ₹31.63 lakh crore, and 1,167 Major projects (project cost below ₹1,000 crore and up to ₹150 crore) amounting to ₹5.49 lakh crore.
  • Physical and financial progress broadly move in tandem, with a large number of projects clustered at the initial (0–20%) and advanced (81–100%) stages, indicating a pipeline of newly-started projects alongside many nearing completions. While physical progress exceeds financial progress in the 81–100% range, financial progress is relatively higher in the early stages, reflecting upfront expenditure patterns in project implementation.

2.   Ministry/ Departments-wise progress of Infrastructure Projects

  • Ministry of Road Transport & Highways accounts for the highest number of projects, with 1137 projects (57%), and also commands the largest share of total revised project cost of ₹10.81 lakh crore (25%), highlighting its central role in national infrastructure development.
  • Ministry of Railways is implementing 260 projects (13%), and constitutes the second largest share of total revised project cost at ₹8.69 lakh crore (20%).
  • Ministry of Coal accounts for implementing 128 projects (7%), with a total revised project cost of ₹2.49 lakh crore (6%).
  • The Ministry of Petroleum & Natural Gas, Ministry of Power, Ministry of Housing & Urban Affairs, and the Department of Water Resources, River Development & GR are implementing 112, 102, 51, and 48 projects, with associated revised costs of ₹5.19 lakh crore, ₹5.53 lakh crore, ₹3.75 lakh crore, and ₹2.25 lakh crore, respectively.
  • The remaining 143 projects (7%), with a total revised cost of ₹4.08 lakh crore (10%), are distributed across various Ministries/Departments including Higher Education, Civil Aviation, Steel, Telecommunications, Labour & Employment, Ports, Shipping & Waterways, Health & Family Welfare, Mines, DPIIT, and Sports. (Refer Annexure)

3.  Sector-wise (as per DEA’s Harmonized Master List of Infrastructure) Progress of Infrastructure Projects

  • Transport & Logistics remains the dominant sector, accounting for 55% of total revised cost (₹23.34 lakh crore) across 1,459 projects (74 % of the total Projects), underscoring the central role of Roads & Highways, Railways, Aviation, Urban Public Transport, Shipping, and Inland Waterways in economic integration and logistics efficiency.
  • The Energy sector follows with 27% of aggregated revised cost (₹11.30 lakh crore) across 221 projects, reflecting sustained emphasis on Oil & Gas infrastructure, electricity generation, transmission and distribution networks, and energy storage systems.
  • Communication infrastructure, with a revised cost of ₹2.73 lakh crore (6%) across 12 projects, represents targeted interventions aimed at strengthening digital connectivity.
  • Water & Sanitation projects account for ₹2.30 lakh crore (5%) across 67 projects, highlighting continued focus on essential urban services.
  • Social & Commercial infrastructure, comprising 77 projects with a revised cost of ₹0.91 lakh crore (2%), reflects selective investments in education, healthcare, real estate, and tourism, hospitality and wellness.
  • Projects classified under ‘Others’, amounting to ₹2.21 lakh crore (5%) across 145 projects, indicate diversification across sectors such as coal, steel, metals, and mining.

(Refer Annexure II)

4.   Completed Projects and New Additions

  • During April 2026, 9 projects were commissioned, including major assets in Housing & Urban Affairs, Railways, Power, Road Transport & Highways, and Labour & Employment. Notable commissioned projects include the “Flyover at Km.544.650 including ROB, Service Roads, Footpath for RCC drains on urban link to Nagpur-Raipur Road Pardi octroi Naka to Itwari (₹ 758.4 crore)” from Ministry of Road Transport & Highways, “Transmission system for evacuation of power from REZ in Rajasthan 20GW under Phase-III Part E1 (₹ 688.74crore)from Ministry of Power and “Jabalpur Sewerage Management and Treatment Infrastructure Project (₹ 362.31 crore)”  ” from Ministry of Housing & Urban Affairs.
  • During April 2026, 55 additional projects were brought under the monitoring of PAIMANA. The projects are from the Ministry of Road Transport & Highways, Ministry of Railways, Ministry of Power, Department for Promotion of Industry & Internal Trade, Ministry of Petroleum & Natural Gas, Ministry of Coal, Ministry of Housing & Urban Affairs, Department of Higher Education. These include:
    • Project - “Bangalore Metro Rail Project - PHASE-3” (₹ 15,611 crore) of Ministry of Housing & Urban Affairs.
    • “Kalai-II Hydro Electric Project [1200 MW]” (₹ 14,105.83 crore) of Ministry of Power.
    • “Development of Zaheerabad Node under Hyderabad Nagpur Industrial Corridor” (₹ 2,360 crore) of Department for Promotion of Industry & Internal Trade.

5.   Next date of Press Release: Flash Report for the month of May 2026 would be released on 25th June 2026.

Note

  1. The press release summarizes highlights from the MoSPI’s Flash Report (April 2026) on Central Sector Infrastructure Projects (₹150 crore and above), available at,  https://paimana-proj.mospi.gov.in/ or via the QR code.

  1. PAIMANA is a centralized web-based portal for monitoring of Central Sector Infrastructure Projects worth ₹150 crore and above. Operating on the "one data, one entry" principle, it integrates with DPIIT’s IPMP portal via APIs to automatically update more than 70% of project data from various Ministries/Departments. PAIMANA also serves as a national repository designed to standardize infrastructure monitoring and support informed decision-making for nation-building.

Annexure I

Ministry/ Departments-wise progress of Central Sector Infrastructure Projects

S. No

Ministry/ Department

Project Count (number)

Revised Cost

(₹ Lakh cr.)

Cumulative Expenditure           (₹ Lakh cr.)

1

Ministry of Road Transport & Highways

1137

10.81

3.70

2

Ministry of Railways

260

8.69

5.79

3

Ministry of Coal

128

2.49

0.80

4

Ministry of Petroleum & Natural Gas

112

5.19

3.03

5

Ministry of Power

102

5.53

2.01

6

Ministry of Housing & Urban Affairs

51

3.75

2.00

7

Department of Water Resources, River Development & GR

48

2.25

1.62

8

Department of Higher Education

30

0.15

0.08

9

Ministry of Civil Aviation

26

0.23

0.11

10

Ministry of Health & Family Welfare

23

0.21

0.08

11

Ministry of Steel

19

0.23

0.10

12

Department of Telecommunications

12

2.73

0.77

13

Ministry of Labour and Employment

11

0.03

0.02

14

Department for Promotion of Industry & Internal Trade

8

0.16

0.02

15

Ministry of Ports, Shipping and Waterways

7

0.20

0.15

16

Ministry of Mines

6

0.12

0.07

17

Department of Sports

1

0.01

0.01

 

Grand Total

1981

42.78

20.36

Annexure II

Sector-wise (as per DEA’s Harmonized Master List of Infrastructure) progress of Central Sector Infrastructure Projects

S. No

HML Category

Project Count

(number)

Revised Cost      (₹ Lakh cr.)

Cumulative Expenditure      (₹ Lakh cr.)

1

Transport & Logistics

1459

23.34

11.59

2

Energy

221

11.30

5.33

3

Water & Sanitation

67

2.30

1.65

4

Communication

12

0.91

0.77

5

Social & Commercial

77

2.73

0.35

6

Others

145

2.21

0.67

 

Total

1981

42.78

20.36

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