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    Prime Minister of Canada Mr. Mark Carney Calls India-Canada CEPA a “Game Changer” as Shri Piyush Goyal Holds High-Level Talks in Ottawa
    Odisha may attract Rs 25,000-30,000 cr in power investments after policy shift
    Rupee falls 17 paise to 95.43 against US dollar in early trade
    Union Minister for Finance and Corporate Affairs Minister calls for stronger textile value chain through “from farm to fibre, factory, fashion and f...
    Delhi Gymkhana seeks alternate land amid takeover row; nearly Rs 48 cr ground rent dues unpaid
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    Delhi Gymkhana seeks alternative land for relocation of club in case takeover proceeds
    Rupee rises 34 paise to close at 95.26 against US dollar
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    Govt forwent Rs 1 lakh cr via excise duty cuts to shield consumers from fuel inflation: FM
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May 26, 2026
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Comprehensive Economic Partnership Agreement CEPA talks advance as India and Canada seek stronger trade, investment, and strategic cooperation.
India and Canada advanced negotiations on a Comprehensive Economic Partnership Agreement (CEPA) during a high-level ministerial visit and business delegation mission in Ottawa, with both sides describing the proposed agreement as commercially meaningful, balanced, and intended to strengthen bilateral trade, investment, technology, and strategic cooperation. The discussions focused on accelerating the CEPA process and identifying opportunities to expand economic linkages across priority sectors.
May 26, 2026
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Power sector investment policy shift boosts Odisha's thermal project viability and renews developer interest in the state.
Odisha is expected to attract fresh investment in the power sector after aligning its concessional power allocation policy for thermal plants with the Centre's framework. The revised approach replaces the earlier requirement that developers reserve 12-14 per cent of capacity for state consumption at concessional rates with a 5 per cent supply obligation at variable charges for newly commissioned thermal power plants. Industry representatives said the earlier higher allocation norm had discouraged investment despite the State's coal reserves, port access and skilled manpower, while the new framework is expected to improve project viability and investor sentiment.
May 26, 2026
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Rupee weakness amid dollar demand and crude oil pressure, with RBI support helping contain volatility in foreign exchange trade.
The rupee weakened in early foreign exchange trade amid month-end dollar demand, higher crude oil prices and persistent geopolitical tensions. Dealers said broader pressure may continue unless external risks ease, though RBI intervention and liquidity support may limit near-term volatility and reduce speculative pressure.
May 26, 2026
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Textile value chain strengthening drives export growth, skills, and global competitiveness under the Viksit Bharat vision.
Strengthening the textile value chain from farm to fibre, factory, fashion and foreign markets was emphasised as the central policy direction for expanding cotton textile exports and production. The Finance Minister linked this objective to the broader Viksit Bharat vision, noting ambitious targets of USD 100 billion in textile exports and USD 250 billion in textile production by 2030. The text also refers to an Advanced Certificate Program in International Trade, designed to strengthen the export ecosystem and align with government schemes and policy measures.
May 26, 2026
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Ground rent arrears and public land possession dispute shape Delhi Gymkhana Club's relocation plea and governance concerns.
Ground rent arrears and threatened resumption of public land possession have triggered a relocation request by the general committee overseeing Delhi Gymkhana Club. The committee asked the Ministry of Housing and Urban Affairs and the L&DO not to disrupt the club's functioning and to protect the interests of members, employees and other stakeholders before any change in occupation is implemented. Club members opposed the proposed takeover, described it as selective and misleading, and urged governance reforms rather than closure.
May 25, 2026
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Aviation health advisories and criminal probe oversight shape regulatory and judicial responses to public safety concerns.
Aviation safety measures were reinforced through a DGCA advisory issued in response to the Ebola outbreak in parts of Africa. Airlines were directed to make in-flight announcements, obtain self-declaration forms from passengers originating from or transiting through affected countries, and take other preventive steps to manage public-health risk in air travel. In the Twisha Sharma death case, the Supreme Court stated that it would ensure a fair, independent and impartial CBI probe. In the NEET paper leak matter, the Supreme Court issued notices on pleas seeking replacement of the existing testing body with a more robust and autonomous mechanism for conducting the examination.
May 25, 2026
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Relocation of club and protection of employees remain central as Delhi Gymkhana seeks continuity pending takeover clarity.
The general committee overseeing Delhi Gymkhana Club urged the Central Government and the Land and Development Office not to disrupt the club's functioning until issues relating to proposed takeover, possible relocation and protection of employees are clarified. It requested consideration of an alternative plot for relocation if the takeover proceeds, while stressing that the interests of members, employees and other stakeholders should be protected before any operational change is implemented. The committee said it had improved administration, finances, procedures, litigation management and membership records after taking charge under an NCLT order.
May 25, 2026
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Rupee stability and orderly forex price discovery gain focus as the central bank signals market support.
The rupee appreciated in the foreign exchange market and extended its gains for a third straight session, closing stronger against the US dollar on improved global risk sentiment and weaker dollar conditions. The Reserve Bank of India signalled readiness to ensure orderly price discovery in the forex market, with the RBI Governor stating that the central bank would do whatever is required to maintain orderly market conditions. He also stated that the rupee is not overvalued and may be undervalued after its recent depreciation.
May 25, 2026
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Due process in money laundering arrests reported as the court questions an arrest warrant and bars detention pending review.
Interim restraint was reported in a money laundering matter concerning a former prime minister and his spouse, after the Supreme Court questioned the validity of an arrest warrant issued by the district court. The reported order turned on due process concerns in the issuance of the warrant and directed that the couple not be arrested pending further consideration. The report also noted that police had sought a red corner notice through Interpol, but the request was rejected for want of sufficient supporting material.
May 25, 2026
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Excise duty cuts, fuel inflation, and exporter sustainability pressures shape the government's outlook on prices and trade.
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May 25, 2026
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Fuel supply monitoring intensifies as authorities address retail dry-outs, panic buying and last-mile replenishment constraints.
Daily monitoring of fuel supplies is being carried out to address intermittent dry-outs at a few retail outlets caused by a sudden rise in demand, last-mile supply constraints, and price-driven shifts from private retailers to state-run pumps. The government says sufficient stocks of petrol, diesel and LPG are available, with replenishment being prioritised and state governments asked to help prevent hoarding and mismanagement.
May 25, 2026
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Property rights challenge over Delhi Gymkhana Club premises alleges arbitrary takeover, forced eviction, and lack of due process.
Members and staff of the Delhi Gymkhana Club challenged the Centre's order directing handover of the club premises, alleging arbitrary takeover, forced eviction, and extinction of long-standing leasehold, associational, membership, and livelihood interests without due process. The pleas invoke Article 300A, legitimate expectation, and constitutional protections under Articles 14, 19(1)(g), and 21, while contending that the stated need for defence infrastructure and public security is vague and pretextual. The matter was mentioned for urgent hearing and listed for Tuesday.
May 25, 2026
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Industrial production index revision broadens sectoral coverage, updates weights, and links the new series with geometric mean methodology.
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May 25, 2026
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May 25, 2026
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May 25, 2026
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Rupee appreciation supported by market optimism, softer dollar trends and RBI focus on orderly price discovery.
The Indian rupee appreciated against the US dollar for a third straight session amid improved market sentiment, including expectations of progress in US-Iran negotiations and a possible interim trade understanding between the US and India. The Reserve Bank of India Governor stated that the central bank would do whatever is required to ensure orderly price discovery in the foreign exchange market and said the rupee is not overvalued and may have been undervalued after its recent depreciation.
May 25, 2026
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Corruption and illegal commission racket allegations shape bail proceedings linked to a state-run corporation.
Bail proceedings concerned allegations of corruption and an illegal commission racket linked to the Chhattisgarh State Marketing Corporation Limited, where manpower agencies were allegedly forced to pay commissions for bill clearances through intermediaries. The prosecution case was registered by the Economic Offences Wing and Anti-Corruption Bureau under the IPC and the Prevention of Corruption Act. The High Court had declined bail, treating the matter as a deep-rooted corruption network involving public funds, and the Supreme Court sought the State's response on the bail plea.
May 25, 2026
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Bail in liquor policy scam cases follows parity with co-accused and lengthy trial concerns
Bail was granted to a former excise commissioner in two connected Chhattisgarh liquor policy scam matters, one relating to the alleged criminal conduct and the other to the consequential money laundering case. The court noted that co-accused were already on bail and that the trials were likely to take considerable time, and it imposed the same bail conditions as in other cases. He was required to remain outside Chhattisgarh, while being allowed to visit for trial and investigation proceedings, with liberty to seek modification later.
May 25, 2026
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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.

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No interim order for Gymkhana: HC after Centre says won't take forceful possession by June 5

May 26, 2026

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New Delhi, May 26 (PTI) Giving Delhi Gymkhana Club members a breather, the Delhi High Court on Tuesday took note of the Centre's submission that it would not take forceful possession of the colonial era club by June 5 and said no interim order was needed at the moment.

Justice Avneesh Jhingan also refused to interfere at this stage with the Centre's decision to terminate the perpetual lease of the 27.3 acre plot of the club in the heart of Lutyens' Delhi and posted the matter for end of July.

The court proceedings have given Gymkhana members a reprieve at least till July end -- when the Centre will file its response to the petition and the petitioner the rejoinder to the government's reply.

Solicitor General Tushar Mehta, who appeared for the Central government, said eviction proceedings will only be initiated in accordance with law and after giving due notice.

"June 5 is the date of which we have given an option to the lessee to vacate on its own. Unlike the popular belief, which is going rounds in media circles, it not that the police will rush in and forcible possession will be taken over. It will have to be taken over in accordance with the procedure established by law," he submitted.

Mehta added that compensation in this case can either be in terms of money or the government can offer an alternative land.

On May 22, an order issued by the Land and Development Office (L&DO) under the Union Housing and Urban Affairs Ministry asked DGC to return its land by June 5 on grounds of "strengthening and securing defence infrastructure".

The court observed on Tuesday that at this stage, there was nothing on record to suggest that authorities had initiated legal action for eviction and therefore no interim order was required on the lawsuits by Gymkhana members and staff.

"The issue (of eviction) is premature and presumptive. If need so arises, the plaintiffs can avail their remedies in accordance with the law," Justice Jhingan stated.

"Taking into account the summons issued and the statement made by the solicitor general, no further interim directions are called for. The statement is to the effect that for eviction, if so to be done, will be in accordance with law with prior notice," he added.

The court also issued summons to the Centre and the club's management on the lawsuits by the Gymkhana members, the staff as well as the last elected governing body, and sought written statements from the defendants within eight weeks.

It dispelled the plaintiffs' apprehension that DGC's governing body, which comprises nominees of the Centre, might be "hand-in-glove" with the authorities and could, therefore, hand over possession.

The apprehension appeared contrary to the solicitor general's assertion that the governing body has already written to the authorities to raise their grievances, the judge said.

The court said in its order that issues of locus of plaintiffs to file the lawsuits and the requirement to give prior notice for termination of lease deed would be considered at an appropriate stage.

Senior advocate Abhishek Singhvi, appearing for Gymkhana members, urged the court to pass an order to restrain authorities from taking any further action in the matter.

He contended that the Centre's decision to terminate the perpetual lease deed -- executed in 1928 -- lacked a real or genuine "public purpose", was against Article 300A of the Constitution and was silent on the issue of compensation.

Article 300A states, "Persons not to be deprived of property save by authority of law." Singhvi added that since the club is presently being run by nominees of the Central government, the members were constrained to approach the high court for relief.

Senior advocate Kapil Sibal, appearing for the club's last elected body, said it was not a case of unauthorised occupation. Show-cause notice for eviction cannot be given after the government has already re-entered the premises, he argued.

Mehta accused the plaintiffs of "creating a ghost".

He said there cannot be any eviction by force, and any action must be as per the process prescribed in law.

Vijay Khurana, a Gymkhana member and one of the plaintiffs, said in his plea that the "vague and generalized reasons" of defence infrastructure and security given by the Centre were just a "sham". The move, he said, was an "attempt to effect forced eviction" instead of following the due process of law.

His lawsuit is stated to be supported by over 500 other members of the Delhi Gymkhana Club.

The plea 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 at 2, Safdarjung Road.

DGC is adjacent to the prime minister's residence on Lok Kalyan Marg on one of the city's most valuable and strategically important land parcels, within the high-security administrative zone that also 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.

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. PTI ADS SJK MIN MIN

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