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    Central Government notifies export levies on exports of petrol, diesel and aviation turbine fuel (ATF) for the fortnight beginning 1st June, 2026
    Central Government temporarily exempts all customs duties on import of cotton from 1st June, 2026 till 31st October, 2026
    India and Oman energize a new Trade Gateway through a landmark Comprehensive Economic Partnership Agreement (CEPA)
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    India’s seafood exports hit record high in 2025–26: Official
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June 1, 2026
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Export levies on petrol, diesel and ATF are revised fortnightly to support domestic fuel availability.
Export levies in the form of Special Additional Excise Duty and Road and Infrastructure Cess are imposed on exports of petrol, diesel and aviation turbine fuel to support domestic availability of petroleum products by discouraging exports. The levy rates are reviewed and revised on a fortnightly basis according to average international prices of crude oil and petroleum products prevailing since the last review. No change is made to the existing excise duty rates on petrol and diesel cleared for domestic consumption.
June 1, 2026
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Customs duty exemption on cotton imports aims to ease input costs and improve raw material availability for the textile sector.
Temporary exemption from all customs duties on import of cotton is provided to improve cotton availability for the Indian textile sector during the specified period. The measure is intended to reduce input costs across the textile and apparel sector, support manufacturers and consumers, and balance the interests of domestic farmers. It is also expected to assist small and medium enterprises by easing raw material constraints.
June 1, 2026
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India-Oman CEPA expands duty-free access, services commitments and trade facilitation across goods, investment and professional mobility.
The India-Oman Comprehensive Economic Partnership Agreement (CEPA) entered into force on 1 June 2026, creating a framework for trade, services, investment, logistics and regulatory cooperation. The Agreement gives duty-free access to 99.38% of India's exports to Oman, while India liberalizes tariff lines with safeguards for sensitive sectors such as dairy, cereals, fruits, vegetables, edible oils, oilseeds, rubber, leather and spices. It also includes trade-facilitation measures, non-tariff barrier reduction, sector-specific market access and commitments on services and professional mobility.
June 1, 2026
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PMLA bail turns on limited role, minimal traced transactions, prolonged custody, and parity with a co-accused.
Regular bail under the PMLA turned on the accused's limited alleged role, the small quantum of traced transactions, and the stage of the proceedings. The court treated the petitioner's involvement as non-pivotal, considered the custody period and likely trial delay, and held that prolonged pre-trial incarceration would not be justified on the material placed before it. Parity with a co-accused and the non-determinative nature of protest-related allegations were also relevant.
June 1, 2026
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Cross-border business connectivity drives Citi's India Conference focus on investment, capital markets, and economic growth themes.
Citi is set to host its flagship India Conference 2026 in Mumbai as a two-day forum bringing together corporate leaders, investors, clients and thought leaders from the financial and business ecosystem. The conference will serve as a platform for discussions, networking and knowledge-sharing on themes shaping business, investment and economic activity in India and globally. Sessions are expected to cover the macroeconomic outlook, policy environment, capital markets, emerging investment trends, artificial intelligence, digital infrastructure and innovation.
June 1, 2026
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Rupee weakness against the US dollar intensifies as geopolitical tensions, crude prices and dollar strength weigh on sentiment
Rupee depreciated against the US dollar amid renewed geopolitical tensions, higher crude oil prices and a stronger dollar overseas. Market participants linked the weakness to adverse global risk sentiment, rising US Treasury yields and uncertainty around continued peace talks, while attention shifted to the upcoming RBI Monetary Policy Committee meeting. The broader backdrop included a firmer dollar index, higher Brent crude futures, lower domestic equity indices, net foreign institutional outflows, a fall in India's forex reserves and higher gross GST collections in May.
June 1, 2026
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Voice AI banking expands accessibility as Clayfin acquires Louie Voice to enable simpler digital transactions.
Clayfin has acquired Louie Voice, a voice banking platform that uses Voice AI to enable end-to-end banking transactions through natural voice commands within mobile applications and websites. The platform is designed to improve accessibility and inclusivity by reducing manual navigation and supporting users across different literacy levels, age groups, language preferences, and accessibility needs. It supports 11 Indian and 40 global languages and is intended to expand AI-led digital engagement and voice banking experiences for financial institutions.
June 1, 2026
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Comprehensive Economic Partnership Agreement opens preferential market access for Indian exporters in Oman across key sectors.
India and Oman have brought into force their Comprehensive Economic Partnership Agreement, enabling preferential market access in Oman for Indian exporters in sectors such as textiles, leather, plastics, marine products, automobiles, sports goods and agri-items. The agreement was signed in Muscat on 18 December 2025 and entered into force on 1 June 2026, after completion of internal processes by both parties.
June 1, 2026
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Online education programmes expand industry-aligned training in product management, fintech, digital banking, applied AI and modern computing.
Online education programmes were launched to address demand for industry-aligned digital talent in product-led business models, fintech, artificial intelligence and modern computing. The launch includes an Online MBA in Product Management, together with an Online MBA in Fintech & Digital Banking and an Online MCA in Applied AI and Modern Computing. The product management curriculum combines management study with product strategy, user-centric innovation, agile methodologies, analytics, go-to-market execution and digital transformation.
June 1, 2026
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Seafood exports record growth as frozen shrimp drives India's overseas earnings and major markets stay strong.
India's seafood exports reached a record level in 2025-26, with frozen shrimp remaining the dominant export item and the main contributor to foreign exchange earnings. The Marine Products Export Development Authority reported that the United States, China, the European Union and Southeast Asia were major markets, while frozen fish, dried products, squid, cuttlefish, chilled products and live products also contributed to export earnings. Visakhapatnam Port, Jawaharlal Nehru Port Trust and Kochi Port were the leading ports handling seafood cargo.
June 1, 2026
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Aquaculture and export strategy drive stronger revenue, profitability, and a five-pillar execution framework for the next year.
Revenue from operations for FY 2025-26 increased to INR 162.15 crore, with EBITDA, profit before tax, and profit after tax also rising year on year. The company attributed the performance to focus on aquaculture and exports, disciplined cost management, and stronger farm-level operations. It also set out a five-pillar FY 2026-27 execution framework covering strategic alliances, consolidation, digitisation, monetisation, and optimisation.
June 1, 2026
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Export business advances as Anondita Medicare secures first South African government condom supply order under tender framework.
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June 1, 2026
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Revenue growth and record order book drive Exato Technologies' FY26 expansion, profitability gains, and global footprint.
Exato Technologies Limited reported strong FY26 consolidated financial performance, with revenue from operations rising 35% year-on-year and Profit After Tax increasing by 67% year-on-year. The company also disclosed a record order book of INR 600 crore, reflecting strong revenue visibility, and noted expansion through a wholly owned subsidiary in Australia alongside existing subsidiaries in the USA and Singapore.
June 1, 2026
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GST collections rise on stronger goods and services supplies, with import-linked receipts and net revenues also moving higher.
Gross GST collections increased in May on the back of stronger supplies of goods and services and continued growth in collections from imports. Domestic GST collections under CGST, SGST and IGST were reported for the month, while taxable supplies of goods and services recorded significant year-on-year growth, indicating firm domestic demand and resilience in consumption. IGST collections from imports also rose, GST refunds increased modestly, and net GST revenues were higher after adjustment of refunds.
June 1, 2026
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Rising bond yields and debt sustainability concerns deepen affordability pressures and heighten political risk ahead of the mid-term elections.
Rising US bond yields and higher Treasury borrowing costs are intensifying affordability pressures, slowing growth expectations and increasing political risk as investors reassess the sustainability of government debt. Economists quoted in the report say the administration's stated deficit-reduction measures are unlikely to materially close the gap, while debt-service costs have already risen sharply and are projected to remain a major budget burden. Higher rates are feeding into mortgage costs, car sales weakness and broader voter concerns about living costs ahead of the mid-term elections.
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.

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PMLA / Black Money

ED raids at Vijayan''s residence spark violence, statewide CPI(M) protests in Kerala

May 27, 2026

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Thiruvananthapuram, May 27 (PTI) ED raids linked to the financial dealings between former Kerala Chief Minister Pinarayi Vijayan’s daughter's firm and a sand mining company triggered attacks on central agency officials in the state capital and statewide protests by CPI(M) leaders and workers on Wednesday.

Severe violence broke out outside Vijayan's rented residence after ED officials completed the raid and were leaving the premises.

Suspected CPI(M) workers attacked at least three vehicles, including the one carrying ED officials, outside Vijayan’s residence, even as the police failed to prevent the violent mob. There were six ED officials in the vehicle, including a woman.

The raids were carried out while eight central security personnel guarded the premises.

Hearing about the raids at the CPI(M) veteran's residence, party workers and activists from its allied organisations gathered outside Vijayan's rented house and staged a protest.

As the ED officials and central security personnel who took part in the raid left his home, the situation escalated, with protesters surrounding and blocking their hired vehicles and throwing stones and bricks at them, badly damaging the windshields, other windows and exterior rear-view mirrors.

The large number of protesters, shouting slogans against the ED and the Centre, kicked the vehicles, banged their fists and sticks on the windows and windshields, and even threw rotten eggs at them.

One of the drivers of the vehicles reportedly sustained an injury.

The ED officials then went to the Thampanoor police station to lodge a complaint against the protesters.

Police and central security personnel struggled to control the crowd as the vehicles, which also had a female official on board, were targeted during the incident.

Home Minister Ramesh Chennithala said that the Home Department and the Kerala Police had no prior information about the Enforcement Directorate (ED) raid.

"We were not informed, and police assistance was not sought. The ED used central forces to carry out the raids," he said.

The BJP strongly condemned the attack on ED officials, calling it an assault on the rule of law.

In a post on X, BJP state president Rajeev Chandrasekhar said, "Violence is the last refuge of the corrupt." Attacking officials on duty and obstructing an investigation is not a political protest. It is an assault on the rule of law, the BJP MLA said.

He alleged, "As usual, the Congress-led state government is keeping quiet to protect its political twin, the CPI(M).

He further added that the BJP-NDA would ensure that the investigation is not derailed.

Earlier, angry CPI(M) workers allegedly hurled helmets, plastic bottles and stones at security personnel deployed outside Vijayan's house while ED searches were underway inside.

Vijayan alleged that the ED searches at his premises were part of a targeted crackdown on opposition leaders across the country.

Speaking to reporters after ED officials concluded hours-long searches at his house at Bakery Junction, Vijayan said such actions would not weaken him or the CPI(M).

"This is only the beginning. Nobody should harbour the illusion that such actions can intimidate or weaken us," he said.

The veteran CPI(M) leader alleged that the BJP-led Centre has been using central agencies against opposition leaders since it came to power, and claimed that the action against him was also part of that strategy.

The ED carried out the raids a day after the Kerala High Court dismissed a petition filed by Cochin Minerals and Rutile Limited and its top officials challenging an Enforcement Directorate (ED) money laundering probe linked to alleged financial irregularities involving Vijayan’s daughter, Veena T, and her software firm Exalogic Solutions.

In a judgment delivered on May 26, Justice T R Ravi ruled that the ED was legally empowered to continue its investigation under the Prevention of Money Laundering Act (PMLA), even before the filing of a formal FIR or final report by the Serious Fraud Investigation Office (SFIO).

The company had approached the court seeking to quash the ED's Enforcement Case Information Report (ECIR), summons issued to its officials, and related proceedings. It argued that the ED lacked jurisdiction because no scheduled offence existed when the probe began.

The case traces back to Income Tax raids conducted in January 2019 at the company's offices and the residences of senior executives. Later, the Ministry of Corporate Affairs ordered an SFIO investigation into the company’s affairs following a complaint filed by BJP leader Shone George. During the hearing, the ED informed the court that the SFIO had since filed a complaint in April 2025 alleging offences under the Companies Act, including fraud provisions that qualify as scheduled offences under the PMLA.

As the raids were progressing at various locations, CPI(M) leaders and workers held protest marches in various districts across the state.

CPI(M) leader K N Balagopal alleged that the ED's "politically motivated witch-hunt targeting Comrade Vijayan" was part of a broader political agenda aimed at weakening the CPI(M) and the Left.

Responding to the CPI(M)'s charge, BJP leader V Muraleedharan said that Prime Minister Narendra Modi had "better things to do" than strike any deal with the Congress to target the CPI(M), which he said had limited national presence. PTI LGK HMP TGB ADB

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