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    India Hosts Kimberley Process Intersessional Meeting 2026 in Mumbai
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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.
May 11, 2026
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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.
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Foreign exchange conservation drives fuel savings, reduced travel and restrained consumption amid West Asia conflict pressures.
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May 11, 2026
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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
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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
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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
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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
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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
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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
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Chinese EV exports surge as domestic car sales weaken amid global demand and trade pressures.
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May 11, 2026
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Rupee weakness deepens amid oil surge, dollar strength and foreign outflows, pressuring market sentiment and reserves.
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May 11, 2026
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Bribery allegations in GST refund processing led to a CBI trap and apprehension of a CGST superintendent.
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May 11, 2026
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Industry-backed online degree programs expand AI, product management, and certification-led training for career-ready skills.
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May 11, 2026
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May 11, 2026
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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.
May 11, 2026
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Foreign exchange conservation and fuel restraint shape a wider debate on austerity, consumption cuts, and economic stress.
Concerns were raised over the economic impact of the West Asia conflict and the possibility of tighter austerity measures, including higher fuel prices, as the government urged citizens to reduce consumption of petroleum products and other imports. The stated objective of these appeals was to conserve foreign exchange and reduce pressure on the economy amid rising supply-chain stress and increased prices of petrol and fertilisers. The measures advocated included greater use of metro rail, carpooling, electric vehicles, railway parcel movement, work-from-home arrangements, postponement of gold purchases and foreign travel, reduced edible oil consumption, lower use of chemical fertilisers, promotion of natural farming, and preference for Swadeshi products.
May 11, 2026
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Foreign-exchange conservation appeal to delay gold purchases and travel weighs on jewellery demand and bullion sentiment.
Postponement of gold purchases and avoidable foreign travel was urged as a foreign-exchange conservation response to the West Asia crisis and higher crude prices. The appeal was linked to macroeconomic stability, trade deficit management, and pressure on the rupee and current account, while analysts said it could dampen short-term jewellery demand and sentiment across bullion-linked businesses.

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Delhi HC to hear on Tuesday pleas against Centre's order to vacate Gymkhana Club premises

May 25, 2026

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New Delhi, May 25 (PTI) Members of the Delhi Gymkhana Club on Monday moved the Delhi High Court against the Centre's order asking the club to hand over its premises to the government by June 5.

Senior advocate Abhishek Singhvi mentioned the matter before Justice Avneesh Jhingan for an urgent hearing.

The court listed the lawsuit for hearing on Tuesday.

The Centre has asked the Gymkhana Club in Lutyens' Delhi to hand over its premises by June 5, citing that the 27.3-acre land parcel was required for “strengthening and securing defence infrastructure”.

The order, issued by the Land & Development Office (L&DO) under the Union Housing and Urban Affairs Ministry, stated that the premises, located in a highly sensitive and strategic area of Delhi, are critically required for the strengthening and securing of defence infrastructure and for other vital public security purposes.

Another lawsuit by the Delhi Gymkhana Club Ltd Staff Welfare Association against the Centre’s order is also scheduled to be taken up by Justice Avneesh Jhingan on Tuesday.

It says that the cooks, waiters, kitchen and housekeeping staff, gardeners and groundsmen, electricians and plumbers, lifeguards, security personnel, etc., employed at the club seeks protection of their source of livelihood as well as fundamental rights under Articles 14, 19(1)(g) and 21 of the Constitution.

Seeking to quash the Centre's May 22 order, the plea says the club was not a place of leisure for them but their place of work.

Vijay Khurana, a 79-year-old Gymkhana Club member who filed the first lawsuit, said that the "vague and generalised reasons" of defence infrastructure and security given by the Centre were just a "sham" and the move was an "attempt to effect forced eviction" instead of following the due process of law.

The takeover is through a "premeditated and coordinated design" and not for any "genuine or emergent public requirement", the plea claimed.

Khurana said more than 500 members of the Delhi Gymkhana Club supported the lawsuit.

It seeks to restrain the Central government from "illegally determining" the Gymkhana Club's perpetual leasehold rights and to prevent any forced dispossession from the historic premises situated on 2, Safdarjung Road, adjacent to the prime minister’s residence on Lok Kalyan Marg.

The lawsuit said urgent interim protection was necessary in this case, claiming that the Centre has “threatened” to take possession of the plot of land on June 5 through “coercive measures” and police assistance, which will result in an “irreversible” and “irreparable” situation.

In the lawsuit, Khurana emphasised that the Delhi Gymkhana Club and its members have invested substantial resources towards the development, maintenance and modernisation of the club, and the Centre was seeking to dismantle its institutional existence and irretrievably extinguish the "valuable associational, participatory and membership rights accrued over decades".

He also claimed that the Centre's notice, dated May 22, is malicious and neither provides for any compensation nor does it establish a "bona fide public purpose" in terms of the perpetual lease deed to unilaterally extinguish "century-old" rights.

The lawsuit argued that the Centre's decision is in flagrant violation of Article 300A of the Constitution, as records showed that the Delhi Gymkhana Club has proprietary rights over the land, which cannot be taken away arbitrarily without an acquisition process and payment of compensation.

Article 300A states that no person can be deprived of his property except by the authority of law.

"The uninterrupted recognition of Defendant No. 2’s (Delhi Gymkhana Club) perpetual leasehold rights for nearly a century, coupled with continued acceptance of rent and performance of contractual obligations, created a legitimate expectation of continuity and non-arbitrary treatment," the lawsuit, filed through lawyer Naman Joshi, said.

"Having already exercised deep and pervasive control over the governance and functioning of Defendant No. 2 through government-appointed nominees, Defendant No. 1 (Centre) has now sought, through the impugned notice, to assume complete control and possession of the suit property itself.

“The sequence, timing and nature of the impugned action demonstrate a premeditated and coordinated design rather than any genuine or emergent public requirement," it added.

In 2022, the National Company Law Tribunal (NCLT) permitted the appointment of 15 government-nominated directors on the club's general committee after the Ministry of Corporate Affairs filed a plea alleging oppression and mismanagement in its affairs.

The Delhi Gymkhana Club stands on one of the city's most valuable and strategically important land parcels, within the high-security administrative zone that houses several key Central government and defence establishments.

Originally founded on July 3, 1913, as the Imperial Delhi Gymkhana Club, the institution was established to serve colonial administrators and military officers.

The word ‘Imperial’ was dropped after India gained Independence in 1947, while the existing structures were constructed in the 1930s. PTI ADS ARI

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