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    Private investment firm owner held in suspected multi-crore fraud case
    Inviting feedback and suggestions on the Base Paper on “Framework for Measuring the Contribution of Knowledge and Knowledge Products to the Indian E...
    Release of Supply and Use Tables of 2022-23 and 2023-24: Detailed Product-Industry Insights into the Indian Economy
    Govt imposes windfall tax on petrol exports; cuts levy on diesel, ATF
    Odisha: BJD, Congress demand rollback of fuel price hike
    Finmin grants nod to Emirates NBD Bank to buy majority stake in RBL Bank for USD 3 bn
    Rupee hits record low of 96.14/USD, settles at fresh closing low of 95.81 against US dollar
    India, UAE sign landmark energy, defence pacts during PM Modi’s visit; Abu Dhabi pledges USD 5 bn investment
    Centre to buy onions at Rs 1,235 a quintal from farmers: Chouhan; inadequate, says association
    Petrol, diesel prices hiked by Rs 3, CNG by Rs 2 after elections as crude costs bite
    Maharashtra cuts VAT on aviation turbine fuel to 7 pc from 18 pc for six months
    BRICS delegation visits GIFT City in Gujarat, given overview of its evolving ecosystem
    Gold imports jump 82 pc to USD 5.62 bn in April; silver by 157 pc
    Total exports (merchandise & services) during April 2026 is estimated at US$ 80.80 Billion, as compared to US$ 71.13 Billion during April 2025, an est...
    Kimberley Process Intersessional 2026 Concludes in Mumbai Under India’s Chairship with Focus on Future of Natural Diamond Sector
    Exports clock 5-month high growth of 13.48 pc in April; trade deficit widens to three-month high
    India's forex reserves jump by USD 6.295 bln to USD 696.988 bln
    I-T department enables online filing of ITR-1, ITR-4
    From Pilibhit’s Flutes to Global Trade: Union Minister Shri Jitin Prasada ji Highlights India’s Packaging Vision at IIP Diamond Jubilee Celebratio...
    Rupee hits record low of 96.14/USD, settles at fresh closing low of 95.86/USD
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May 16, 2026
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Unregulated deposit schemes and suspected investment fraud trigger action against a private investment firm owner.
Suspected investment fraud and unregulated deposit activity led to action against a private investment firm owner after district and police authorities found prima facie indications that funds had been collected from a large number of investors without valid approval from the RBI or SEBI. A case was registered under the Karnataka Protection of Interest of Depositors in Financial Establishments Act and the Banning of Unregulated Deposit Schemes Act, and the owner was taken into custody for further investigation. Officials also searched the firm's premises, examined records and laptops, and reported alleged collection of unsecured hand loans through informal agreements.
May 16, 2026
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Knowledge contribution framework seeks stakeholder input on measuring knowledge products, traditional knowledge, and economic value.
A framework is being developed to measure the contribution of knowledge and knowledge products to the Indian economy, with expert consultation, a technical advisory group, and a base paper prepared for stakeholder review. The paper covers conceptual issues, available methodologies and metrics, traditional knowledge, and an initial framework for valuing knowledge contribution. A committee has been constituted to prepare an actionable policy paper, and comments from stakeholders and the public are invited.
May 16, 2026
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Supply and Use Tables strengthen national accounts consistency through product-level reconciliation of production, income and expenditure estimates.
The Supply and Use Tables for 2022-23 and 2023-24 integrate annual national accounts with a product-by-industry framework to reconcile production, income and expenditure estimates at current prices. The tables distinguish domestic production, imports, taxes, margins and product uses, including intermediate consumption and final demand, and use product balancing to satisfy the identity between total supply and total use. The compilation covers 155 products and 67 industries and relies on survey and administrative data sources to improve consistency, granularity and comparability.
May 15, 2026
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Windfall tax on petrol exports and lower levies on diesel and ATF reshape petroleum export duties.
Windfall gains tax was imposed on petrol exports, while the levy on diesel exports and aviation turbine fuel exports was reduced, effective 16 May. Road and infrastructure cess was made nil on exports of petrol and diesel, and the existing duty rates on petrol and diesel cleared for domestic consumption remained unchanged. The export-duty revisions were stated to increase domestic availability of petroleum products and discourage exporters from taking undue advantage of price differentials.
May 15, 2026
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Fuel price hike protests intensify as opposition demands rollback and calls for petrol and diesel under GST.
Opposition parties in Odisha demanded an immediate rollback of the fuel price hike and protested the increase in petrol and diesel prices, alleging inconsistency in the ruling party's position on bringing petrol and diesel under the GST regime. The criticism also targeted the call to withdraw VAT, claims about oil company profits, and the broader burden of rising fuel costs, including commercial LPG and CNG prices.
May 15, 2026
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Foreign investment approval for Emirates NBD's majority stake in RBL Bank advances a banking acquisition subject to regulatory conditions.
Foreign investment approval was granted for Emirates NBD Bank to acquire up to 74 per cent of the paid-up equity share capital of RBL Bank through a preferential issue, subject to customary conditions, applicable foreign ownership limits and the mandatory open offer process. The transaction contemplates Emirates NBD becoming the promoter and RBL Bank operating as a foreign bank subsidiary under the Reserve Bank of India framework, with the eventual amalgamation of Emirates NBD's India branch operations subject to further regulatory clearances.
May 15, 2026
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Rupee depreciation under pressure from crude prices, inflation worries and dollar strength, with intervention offering support.
The Indian rupee weakened to a record intraday low and an all-time closing low against the US dollar amid elevated crude oil prices, inflation concerns, global uncertainty, a stronger dollar, and weak net FDI inflows. Likely RBI intervention helped limit further losses, while analysts said the rupee was expected to remain under pressure from crude oil, inflation, and dollar strength, with support possible from intervention and higher import duty on gold and silver.
May 15, 2026
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Energy security and defence cooperation deepen as India-UAE sign strategic pacts and expand trade and technology ties.
India and the UAE concluded agreements on strategic petroleum reserves, long-term LPG supply, defence industrial collaboration, shipping, trade facilitation and advanced technology, alongside a USD 5 billion UAE investment commitment in India. The energy arrangements aim to strengthen energy security and stable fuel supplies, while the defence framework covers technology sharing, innovation, training, exercises, maritime security, cyber defence, secure communications and possible joint development of military hardware.
May 15, 2026
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Onion procurement support price announced as growers reject the rate as below production cost and seek higher compensation.
Centre announced onion procurement from farmers at Rs 12.35 per kg through NAFED after export disruption and falling prices. Maharashtra onion growers' association said the rate was below production cost, sought a higher support price, compensation for past distress sales, direct procurement through market committees, and measures to boost exports.
May 15, 2026
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Fuel price revision reflects higher crude costs, partial loss recovery, and likely inflationary pressure across transport and logistics.
Petrol, diesel and CNG prices were raised after a prolonged freeze, while piped natural gas and domestic LPG stayed unchanged. The revision was driven by higher global crude costs and the need for state-run fuel retailers to partly pass on accumulated losses. Industry sources said the increase was calibrated and still left oil marketing companies with under-recoveries if crude prices remain elevated, with likely inflationary spillovers through transport, logistics and input costs.
May 15, 2026
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Value Added Tax cut on aviation turbine fuel in Maharashtra lowers airline fuel costs under a six-month concession.
Reduced Value Added Tax on Aviation Turbine Fuel in Maharashtra from 18 per cent to 7 per cent for six months under a notification issued pursuant to the Maharashtra Value Added Tax Act, 2002. The amendment substitutes the existing tax rate in Entry 6 of Schedule B, and the concessional rate remains in force until November 14 unless extended or modified by the government, after which the previous rate would apply.
May 15, 2026
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International Financial Services Centre ecosystem showcased as BRICS delegation explores cross-border finance and fintech opportunities at GIFT City.
A BRICS delegation visited GIFT City in Gujarat and was briefed on India's evolving International Financial Services Centre ecosystem, including cross-border finance, fintech, trade and global business services. The delegation was informed that GIFT City functions as India's maiden IFSC and a gateway for international financial services, global capital flows and foreign currency transactions from within India. The visit also covered the city's regulatory ecosystem, infrastructure and sectoral opportunities across banking, capital markets, fund management, insurance, reinsurance, aircraft leasing, fintech and Global Capability Centres.
May 15, 2026
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Gold and silver import surge meets higher customs duty as precious metal inflows weigh on trade balance and current account.
Gold and silver imports rose sharply in April, with gold reaching USD 5.62 billion and silver USD 411 million, while higher customs duty on precious metals is expected to reduce imports. The article notes that the UAE CEPA tariff rate quota for gold bullion had limited impact on overall imports, with Switzerland remaining the largest source of gold and imports continuing to affect the trade and current account deficit.
May 15, 2026
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Trade growth in April 2026 as merchandise and services exports rise while the overall trade deficit narrows.
India's external trade for April 2026 is estimated to have recorded higher overall activity, with total exports of merchandise and services showing growth over April 2025 and total imports also rising. The trade balance remained in deficit, though the gap was smaller than in the corresponding month of the previous year. Merchandise exports increased over April 2025, supported by stronger shipments in petroleum products, electronic goods, engineering goods, meat, dairy and poultry products, and drugs and pharmaceuticals. Services exports were also estimated to have increased, while services imports were marginally lower than the previous year.
May 15, 2026
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Credibility, compliance and consumer confidence drive Kimberley Process reforms for the natural diamond trade.
The Kimberley Process Intersessional Meeting 2026 concluded in Mumbai under India's Chairship with a focus on advancing Credibility, Compliance and Consumer Confidence in the natural diamond sector. Working Groups and Committees discussed monitoring, technical processes, governance, statistics and artisanal production, with emphasis on transparency, operational mechanisms and trust across the natural diamond value chain. The Kimberley Process Certification Scheme is described as a global initiative aimed at preventing conflict diamonds from entering legitimate trade and promoting responsible sourcing.
May 15, 2026
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Export growth and widening trade deficit shape India's April trade picture amid stronger imports and export support measures.
Exports rose in April at the fastest pace in five months, led by petroleum products, electronic goods and other major sectors, while trade deficit widened as imports climbed to a six-month high. Services exports also improved year on year, and the discussion noted that rupee depreciation, domestic-currency settlement efforts, export promotion measures and free trade agreements were expected to support future export growth.
May 15, 2026
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Foreign exchange reserves rise as gains in foreign currency assets, gold reserves and SDRs improve the overall position.
India's foreign exchange reserves increased during the reporting week, driven by gains in foreign currency assets and a sharp rise in gold reserves. The reserve position also showed marginal increases in Special Drawing Rights and the IMF reserve tranche position, while remaining below the earlier all-time high reached before the West Asia crisis and related rupee pressure.
May 15, 2026
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Income tax return filing enables online access for ITR-1 and ITR-4, with eligibility and deadlines clarified.
Online filing and Excel utility access were enabled on the e-Filing portal for ITR-1 (Sahaj) and ITR-4 (Sugam) for the assessment year 2026-27, allowing taxpayers to begin return filing for income earned during the relevant financial year. ITR-1 remains available to resident individuals within the prescribed income and source-income limits, while ITR-4 applies to eligible individuals, HUFs and firms other than LLPs having income from business or profession. The filing deadlines for ITR-1 and ITR-4 are also noted.
May 15, 2026
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Packaging innovation and sustainability drive India's export competitiveness, manufacturing growth and global market positioning.
Packaging innovation, sustainability and quality assurance were emphasized as central to India's export competitiveness, manufacturing growth and global market positioning at the Indian Institute of Packaging's Diamond Jubilee celebrations. The institute's six-decade contribution to scientific packaging, education, research, skill development and industrial advancement was highlighted alongside its role in promoting future-ready and environmentally responsible packaging aligned with the vision of Viksit Bharat.
May 15, 2026
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Rupee depreciation deepens as crude oil, inflation fears and dollar strength pressure the currency despite likely intervention.
The Indian rupee fell to a record intraday low and closed at a fresh all-time low against the US dollar, pressured by elevated crude oil prices, inflation concerns, a stronger dollar, weak net FDI inflows and broader capital flow weakness. Market participants said likely RBI intervention helped cushion the decline, while exports, imports, foreign investor flows and the trade deficit were also noted as relevant market factors.

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May 25, 2026

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New Delhi, May 25 (PTI) Following are the top stories at 9.15 pm: NATION DEL88 JK-GONDOLA - 4TH LD TOURISTS (9.12 PM)

Over 300 tourists rescued in 7-hr operation after Gulmarg Gondola malfunctions amid heavy rain Srinagar: Over 300 tourists were left stranded mid-air for hours inside 65 cabins of the famous Gulmarg Gondola cable car after a major technical snag halted Asia's highest ropeway, causing panic among the holidayers before they were rescued.

DEL82 RUBIO-RACISM-LD-ROW (8.23 PM)

Rubio downplays anti-India rhetoric row, says Trump is a 'big fan' of Modi New Delhi: President Donald Trump is a big fan of India and Prime Minister Narendra Modi, US Secretary of State Marco Rubio said on Monday, seeking to dismiss allegations of rising anti-India rhetoric in the US.

DEL79 WASIA-IRAN-MISRI (8.13 PM)

Iran's deputy foreign minister dials Misri to discuss West Asia situation New Delhi: Iran's Deputy Foreign Minister Majid Takht Ravanchi dialled Foreign Secretary Vikram Misri on Monday and is believed to have apprised him of Tehran's negotiations with Washington to end the ongoing crisis in West Asia.

DEL74 LDALL-RUBIO ENGAGEMENTS (7.45 PM)

Rubio visits Taj Mahal, Amber Fort ahead of Quad meeting Agra/Jaipur/New Delhi: US Secretary of State Marco Rubio on Monday visited the Taj Mahal in Agra and the Amber Fort in Jaipur along with his wife Jeanette Rubio and US Ambassador to India Sergio Gor ahead of the crucial Quad foreign ministers' meeting on Tuesday.

DEL71 CBSE-PAPER-LD MISMATCH (7.25 PM)

Students raise fresh concerns over CBSE OSM system, claim answer sheet mismatch New Delhi: Amid growing complaints over glitches and discrepancies in the CBSE re-evaluation process, some Class 12 students have alleged that the scanned copies of their answer sheets uploaded by the board did not match their handwriting, raising concerns over possible answer-sheet mismatch in the On Screen Marking (OSM) system.

DEL83 MEA-JAISHANKAR-MOTEGI (8.39 PM)

EAM Jaishankar holds talks with Japanese counterpart Motegi New Delhi: External Affairs Minister S Jaishankar and his Japanese counterpart Motegi Toshimitsu on Monday held wide-ranging talks focusing on economic fallout of the West Asia crisis in view of disruptions in energy supply chains.

CAL52 AS-BHUTAN-LD PM (8.54 PM)

Bhutan PM discusses regional cooperation issues with Assam governor, CM Guwahati: Bhutan Prime Minister Dasho Tshering Tobgay met Assam governor and chief minister on Monday, and discussed with them ways to enhance cooperation with India's northeastern region.

DEL80 PADMA-LD AWARDS (8.13 PM)

President confers 66 Padma Awards; actor Dharmendra, violinist N Rajam honoured New Delhi: President Droupadi Murmu on Monday conferred the Padma Vibhushan on Bollywood actor Dharmendra posthumously and classical musician and violinist N Rajam at a Civil Investiture Ceremony at the Rashtrapati Bhavan here.

DEL87 AVI-DGCA-EBOLA ADVISORY (9.10 PM)

Ebola scare: DGCA asks airlines make in-flight announcements, take other measures New Delhi: In the wake of the Ebola outbreak in certain parts of Africa, aviation watchdog DGCA has asked airlines to implement various measures, including making in-flight announcements and mandatory filing of self-declaration forms from passengers originating or transiting through the affected countries.

DEL67 CONG-LD FUEL HIKE (6.57 PM)

'Mehangai manav' strikes again: Congress slams PM on fuel hike New Delhi: The Congress on Monday launched a scathing attack on Prime Minister Narendra Modi over the latest fuel hike, with Rahul Gandhi alleging that the "mehangai manav" has struck again and he has just one job of making promises during elections and attacking people's pockets at other times.

DEL32 DL-KEJRIWAL-FUEL PRICE (3.07 PM)

Why PM Modi not buying cheap oil from Russia & Iran, asks Kejriwal New Delhi: After petrol and diesel prices were increased for the fourth time in less than two weeks on Monday, AAP national convenor Arvind Kejriwal questioned Prime Minister Narendra Modi over the Centre not buying fuel from Russia and Iran.

DEL18 CBI-TWISHA (12.08 pm)

CBI set to take over Twisha Sharma probe, team sent to Bhopal New Delhi: The CBI is set to take over the investigation into the death of Twisha Sharma, who was found hanging at her marital home in Bhopal's Katara Hills area on May 12, officials said on Monday.

LEGAL LGD30 SC-LD TWISHA SHARMA (12.36 PM)

Twisha Sharma death: 'Pained' by narrative that judiciary was shielding accused, says SC New Delhi: Observing that it was "pained" by the narrative that the judiciary was shielding the accused, the Supreme Court on Monday said it would ensure a fair, independent, and impartial CBI probe into the death of former model-turned-actor Twisha Sharma.

LGD47 SC-LD NEET (5.31 PM)

NEET paper leak: NTA has not learnt lessons, says SC; issues notices on pleas New Delhi: It's sad that the NTA has not learnt lessons from the earlier NEET paper leak, the Supreme Court said on Monday as it sought the response of the Centre, NTA and CBI on pleas for the replacement of the testing agency with a robust and autonomous body to conduct the medical entrance exam.

BUSINESS DEL76 BIZ-LDALL PETROL-PRICE-HIKE (7.59 PM)

Petrol, diesel prices hiked for 4th time in 11 days; petrol tops Rs 100 across most cities New Delhi: Petrol prices were raised by Rs 2.61 a litre and diesel by Rs 2.71 on Monday, the fourth increase in less than two weeks that extended a delayed pass-through of soaring global crude oil costs triggered by the Iran conflict.

DEL75 BIZ-SITHARAMAN-CRUDE PRICES (7.48 PM)

Govt forwent Rs 1 lakh cr via excise duty cuts to shield consumers from fuel inflation: FM Mumbai: Finance Minister Nirmala Sitharaman on Monday said the government had foregone more than Rs 1 lakh crore annually in tax revenues through excise duty cuts on petrol and diesel to shield consumers from fuel inflation triggered by the West Asia conflict, while defending the latest retail fuel price hikes as market-driven revisions by oil marketing companies responding to soaring global crude oil prices.

FOREIGN FGN27 US-TRUMP-IRAN (8.13 PM)

Trump says Iran talks progressing 'nicely', asks mediators to join Abraham Accords Washington: US President Donald Trump on Monday said negotiations with Iran to end the war were progressing "nicely", but officials pointed out that a final decision may take some time due to the complex communication networks Tehran deploys to consult with its supreme leader. By Sagar Kulkarni

FGN6 AUS-IND-WONG (9.29 AM)

Australia’s Foreign Minister Penny Wong to visit India to attend Quad meet Canberra: Australia's Minister for Foreign Affairs Penny Wong is set to travel to India on Monday to attend the Quad Foreign Ministers’ Meeting and deliberate on "shared interests", including maritime security and critical minerals.

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