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    CBI Arrests CGST Superintendent, Meerut in a Bribery Case
    Release of Uniform Guideline for Compilation of Gross State Value Added (GSVA) Estimates with Base Year 2022-23
    Department of Financial Services’ Insurance Division Tops Grievance Redressal Assessment and Index (GRAI) Rankings in Group A Category for March 202...
    Suspected mastermind of Rs 3,200-crore fake firms, hawala network arrested in Kanpur
    India must boost fruit, vegetable exports to increase farmers' income: Shivraj Singh Chouhan
    Greaves Cotton Q4FY26 Delivers 22% Overall Growth with Double-digit Growth Across Businesses Driven by Execution Excellence and Strategic Momentum
    Delhi sees slight dip in economic offences, reports highest property losses among UTs: NCRB
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May 7, 2026
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Bribery investigation leads to arrest of a CGST Superintendent and a Computer Operator over alleged illegal gratification demand.
The Central Bureau of Investigation arrested a Superintendent of CGST, Meerut, and a Computer Operator in a bribery case involving allegations of demand of illegal gratification for revocation of a show cause notice. The case was registered against the Computer Operator on allegations that the bribe was sought on behalf of the Superintendent. A trap was laid, and the Computer Operator was caught red-handed while demanding and accepting the bribe amount. Both accused persons were arrested, and investigation is continuing.
May 7, 2026
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Gross State Domestic Product compilation is updated with a new base year to improve comparability, consistency and fiscal planning.
Adoption of a new base year of 2022-23 for National Accounts requires States and Union Territories to compile Gross State Domestic Product on the revised series so that regional estimates reflect the current economic structure and remain consistent with updated data sources, improved estimation practices and evolving international standards. The uniform guideline for compilation of Gross State Value Added is intended to standardize State-level estimation practices and improve consistency, reliability and comparability across Regional Accounts Statistics. Gross State Domestic Product remains central to fiscal planning, tax devolution, resource allocation and borrowing limit calculations.
May 7, 2026
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Grievance redressal performance under CPGRAMS improves through structured monitoring, timely disposal, and reduced pendency in public service delivery.
Grievance redressal performance under CPGRAMS is assessed through the GRAI, which measures ministries and departments on effectiveness and timeliness of complaint resolution. The Insurance Division of the Department of Financial Services ranked first in the Group A category for March 2026, while the Banking Division retained fifth position for the second consecutive month. A structured mechanism of daily monitoring, weekly review, and monthly scrutiny supports timely disposal, reduced pendency, and improved quality of resolution.
May 7, 2026
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Fake firms and forged identities allegedly used to route hawala-linked transactions, GST fraud and shell-company banking networks.
Alleged operation of a network of fake firms, forged identities and bank accounts was uncovered in connection with suspected hawala transactions, GST fraud and routing of large cash and electronic payments across multiple states. The alleged network was said to use Aadhaar, PAN and other documents of labourers, scrap workers, painters and daily wage earners to obtain GST registrations, open bank accounts and create shell companies, with multiple firms and accounts under scrutiny.
May 7, 2026
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Fruit and vegetable export expansion aims to raise farmers' income, improve quality, and strengthen processing infrastructure.
India's fruit and vegetable sector is being promoted for export expansion to raise farmers' income, generate employment and increase foreign exchange earnings. The focus is on increasing fruit production, improving quality and strengthening processing infrastructure, while bringing farmers, exporters, processors and institutions together to address shelf life, freight costs, cold storage, ripening chambers and transport-related issues.
May 7, 2026
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IPO disclosure and securities offering restrictions govern proposed equity issue, with SEBI filing and U.S. registration limits.
Greaves Electric Mobility Limited has proposed an initial public offering of its equity shares, subject to approvals and market conditions, and has filed a draft red herring prospectus with SEBI. The announcement states that it is not an offer or invitation to sell securities, that investors should refer to the prospectus and its risk factors, and that the equity shares are not registered under the U.S. Securities Act. The securities are offered only to qualified institutional buyers in private transactions and outside the United States under Regulation S, with no public offering in the United States.
May 6, 2026
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Economic offences show a marginal decline in Delhi as property losses remain highest among Union territories.
Economic offences in Delhi recorded a marginal decline in 2024, but the city continued to report the highest property losses among Union territories. Forgery, cheating and fraud formed the bulk of cases, followed by criminal breach of trust and counterfeiting. NCRB data also showed a large pipeline of pending and fresh cases, with investigations resulting in transfers, final reports, arrests and charge-sheets across multiple offence heads.
May 6, 2026
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Election commissioner appointments and heritage protection drew attention as the court examined lawmaking directions and restoration needs.
Regulation of the appointment process for the chief election commissioner and election commissioners came under consideration as the Supreme Court examined whether it can direct Parliament to enact a law governing the procedure for such appointments. The issue centred on the institutional question of whether judicial directions can be issued to require legislative action in an area touching the constitutional framework for election administration. Protection and restoration of heritage structures also figured prominently, with the Supreme Court stating that Mysuru's Devaraja Market and Lansdowne Building, both over a century old, should be protected and that necessary renovation and restoration work should be carried out.
May 6, 2026
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Rupee support through non-direct RBI intervention strengthens currency as crude eases and dollar demand remains a cap on gains.
The rupee appreciated against the US dollar as Brent crude prices eased and market sentiment improved on signs of possible de-escalation in West Asia. Traders linked the currency move to a weaker dollar, stronger domestic equities, and expectations that the Reserve Bank of India is supporting the currency through a non-direct intervention strategy rather than by directly deploying foreign exchange reserves. One proposed measure is to encourage state-run banks to raise foreign currency funds through bonds to generate fresh dollar inflows.
May 6, 2026
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Insolvency resolution framework restores stalled real estate projects and enables completion of three developments for customers.
Realty developer Alpha Corp Development Ltd. plans to invest nearly Rs 900 crore to complete three stalled housing and commercial projects in Greater Noida and Gurugram acquired through the insolvency resolution process. The projects, including two commercial developments and one residential development, are intended to benefit more than 3,000 existing customers. The company states that the Supreme Court restored its resolution plan and set aside the NCLAT order that had rejected it.
May 6, 2026
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Inflation targeting framework renewal retains headline CPI target, tolerance band, and MPC-led monetary policy transparency.
India's inflation targeting framework was renewed through March 2031, retaining the 4 per cent CPI inflation target with a +/-2 per cent tolerance band. Monetary policy remains with the Monetary Policy Committee, and the framework continues to rely on transparent communication through MPC resolutions, minutes, statements, press briefings, and the Monetary Policy Report. The consultation review broadly supported retaining headline CPI inflation, keeping the 4 per cent target, preserving the existing band, and rejecting a shift to pure range targeting.
May 6, 2026
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Railway multitracking projects approved to expand capacity, improve connectivity and strengthen freight movement across multiple states.
Cabinet approval was granted for three railway multitracking projects covering 19 districts across multiple states, with an estimated cost of Rs. 23,437 crore and completion targeted up to 2030-31. The projects comprise the Nagda-Mathura, Guntakal-Wadi and Burhwal-Sitapur third and fourth lines, and are intended to add about 901 km to the rail network. The capacity augmentation is aimed at improving mobility, operational efficiency, service reliability and congestion management, while supporting seamless movement of people, goods and services.
May 6, 2026
Show AI Summary
Ship repair facility expansion at Vadinar to strengthen domestic capacity, reduce foreign yard dependence and improve port competitiveness.
Approval was granted for development of a state-of-the-art ship repair facility at Vadinar, Gujarat, as a brownfield project jointly implemented by Deendayal Port Authority and Cochin Shipyard Limited. The facility will include a 650-metre jetty, two floating dry docks, workshops and associated marine infrastructure, and is designed to serve large commercial and foreign-flagged vessels. The project is intended to fill a domestic capacity gap, enable repairs of vessels up to 300 metres within India, reduce dependence on foreign shipyards, improve turnaround times and strengthen repair capability on the western coast.
May 6, 2026
Show AI Summary
Fair and Remunerative Price for sugarcane approved for the 2026-27 season with recovery-linked adjustments.
Fair and Remunerative Price (FRP) for sugarcane for Sugar Season 2026-27 has been approved at Rs.365 per quintal for a basic recovery rate of 10.25%, with a premium of Rs.3.56 per quintal for every 0.1% increase in recovery above 10.25% and a corresponding reduction for every 0.1% decrease in recovery. No deduction is to be made where recovery is below 9.5%, and the approved FRP applies to sugarcane purchases by sugar mills from 1 October 2026.
May 6, 2026
Show AI Summary
Credit guarantee coverage scheme extends additional liquidity support to MSMEs, non-MSMEs, and airlines affected by West Asia disruption.
Emergency Credit Line Guarantee Scheme 5.0 provides credit guarantee coverage through NCGTC for additional credit support to eligible borrowers affected by the West Asia situation. The scheme grants 100% guarantee coverage for MSMEs and 90% for non-MSMEs and the airline sector, with nil guarantee fee. Additional credit is capped according to borrower category, and the guarantee cover remains co-terminous with the loan tenor.
May 6, 2026
Show AI Summary
Regional Rural Bank viability framework strengthens performance monitoring, governance reform, and long-term financial sustainability across banks.
The Department of Financial Services has approved Viability Plan 2.0 for Regional Rural Banks as a revised three-year framework for 2025-26 to 2027-28. The plan institutionalizes performance monitoring, strengthens governance reforms, and supports continued oversight to improve financial sustainability and long-term competitiveness across all Regional Rural Banks. It comprises 30 performance parameters across operational excellence, asset quality, profitability, and growth, including capital adequacy, credit-deposit ratio, digital adoption, non-performing asset levels, recovery performance, profitability ratios, and implementation of Government of India schemes.
May 6, 2026
Show AI Summary
Rupee support strategy gains attention as lower oil prices and weaker dollar ease pressure on the currency.
The rupee appreciated against the US dollar as Brent crude prices eased and market sentiment improved after signals of possible progress in negotiations with Iran and a temporary pause in the Strait of Hormuz escort operation. Forex traders indicated that the Reserve Bank of India is pursuing a non-direct support strategy to stabilise the rupee without drawing on forex reserves, including encouraging state-run banks to raise funds through foreign currency bonds.
May 6, 2026
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Services exports drive India's overall export growth as merchandise trade shows modest gains despite global uncertainty.
India's goods and services exports rose in 2025-26 to an all-time high, with merchandise exports showing modest growth and services exports increasing more sharply. The rise in services exports, driven by stronger global demand for IT, business solutions, and professional expertise, underscored the economy's resilience and its contribution to the total export basket.
May 6, 2026
Show AI Summary
Startup ecosystem diversification drives innovation across food, design, compliance, education, IP trade and digital platforms in India.
India's startup ecosystem in 2026 is described as a diverse landscape of ventures spanning design, food, IP exchange, wellness, education, compliance, surveillance, gaming, real estate, digital platforms and social impact. The common focus is on solving real-world problems through scalable, future-ready models built on innovation, quality, sustainability, community enablement and purpose. The featured businesses include consumer brands, backend food production, IP trade infrastructure, agri-tourism, AI training, compliance advisory, premium manufacturing, lead generation, property discovery and child-focused medical support.
May 6, 2026
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Defensive Hormuz operations and nuclear pressure define the evolving US stance as conflict with Iran remains unresolved.
The United States said major military operations against Iran are concluded after the stated objectives were met, while treating recent clashes as defensive in nature. The reopening effort in the Strait of Hormuz was described as a way to protect commercial shipping and assist stranded civilian sailors, alongside demands that Iran abandon its nuclear ambitions and restore freedom of navigation through the waterway.

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May 29, 2026

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New Delhi, May 29 (PTI) Following are the top stories at 5.20 PM: NATION DEL38

INDO-US-GOR (3.06 PM) Limitless potential exists in India-US partnership: Gor New Delhi: No partnership is better positioned than the one between India and the US to seize emerging opportunities, particularly in the technology sector, US Ambassador Sergio Gor said on Friday.

BOM12 MH-HOOCH-2NDLD DEATHS (3.51 PM)

Spurious liquor kills 12 in Pune, eight held; CM says more arrests likely Pune: At least 12 persons died in Pimpri Chinchwad area and Pune city after consuming suspected spurious liquor, and the police have arrested eight individuals, including a key bootlegger, in this connection, officials said on Friday.

DEL46 UP-2NDLD BRIDGE COLLAPSE (3.59 PM)

* Part of under-construction bridge collapses in UP following storm, six labourers killed Hamirpur: (PTI) Six labourers were killed and three others injured after part of a bridge under construction collapsed following a storm over the Betwa river in Uttar Pradesh's Hamirpur district early Friday, officials said.

BOM9 GJ-SHAH-BORDER (2.08 PM)

Amit Shah begins visit to areas along international border in Gujarat Bhuj: (PTI) Union Home Minister Amit Shah on Friday started his visit to areas along the international border in Gujarat's Kutch, where he is also scheduled to chair a review meeting concerning security, said officials.

DEL37 LAW-MEGHWAL-WOMEN'S RESERVATION (3.02 PM)

Women's reservation won't have to wait for long: Law Minister Meghwal New Delhi: Union Law Minister Arjun Ram Meghwal has said that the women's quota law providing 33 per cent reservation for women in the Lok Sabha and state assemblies “won't have to wait for long”, as he indicated that it would be in place before the 2029 parliamentary polls.

DEL27 LAW -MEGHWAL-RETIRED JUDGES (2.04 PM)

Cooling-off period not needed for good judges post retirement: Law Minister Meghwal New Delhi: Union Law Minister Arjun Ram Meghwal has rejected the idea of a mandatory "cooling-off period" for retired judges before they take up assignments from the government, saying there is no case for restricting "judicious and mentally sound" people from continuing to work.

DEL42 RAHUL-CBSE-OSM (3.27 PM)

PM only cares about survival of his govt, not kids' future: Rahul New Delhi: Congress leader Rahul Gandhi said on Friday that Prime Minister Narendra Modi's silence on the CBSE debacle and inaction against the education minister showed he cared only about the survival of his government and not the future of lakhs of students.

DEL47 SIDDARAMAIAH-2NDLD GANDHI (4.10 PM)

Day after resigning as Karnataka CM, Siddaramaiah meets Rahul, Kharge in Delhi New Delhi: A day after resigning as the chief minister of Karnataka, Congress leader Siddaramaiah on Friday met Rahul Gandhi and Mallikarjun Kharge in the national capital, officials said.

BOM11 MP-COURT-TWISHA (2.55 PM)

Twisha death case: Court sends Giribala Singh to CBI remand for 5 days, extends Samarth’s custody Bhopal: A local court here on Friday remanded Twisha Sharma’s mother-in-law Giribala Singh and her husband Samarth Singh in CBI custody for five days in connection with the death of the model-actress.

* DEL53 HEALTH-NFHS 6-INSTITUTIONAL DELIVERIES (4.58 PM)

Institutional deliveries up from 88.6% to 90.6% in 2023-24: NFHS-6 New Delhi: Institutional deliveries in India have increased from 88.6 per cent in 2019-2021 to 90.6 per cent in 2023-24, moving closer towards universal coverage, according to the National Family Health Survey-6 released on Friday.

DEL40 BJP-CONG-KL-VANDE MATARAM (RPT)

BJP alleges Congress-led Kerala govt insulted Vande Mataram, governor under IUML's pressure New Delhi, May 29 (PTI) The BJP on Friday slammed the Congress-led Kerala government for allegedly insulting Vande Mataram and the governor by playing only the opening stanzas of the national song during a function at the state assembly.

MDS24 KL-ED-CONGRESS-VIJAYAN (3.22 PM)

Cong adopting ‘narrow-minded’ stand on ED action against oppn parties: Pinarayi Vijayan Thiruvananthapuram: Former Kerala Chief Minister Pinarayi Vijayan on Friday accused the Congress of taking a "narrow-minded" stand on ED actions against leaders of parties opposed to the BJP, claiming that the grand old party objects only when its own leaders are targeted.

BOM8 MP-DEMOGRAPHIC COMMITTEE-CHAIRMAN (2.01 PM)

Committee may recommend more stringent laws to deal with infiltration if necessary: Justice Naolekar Indore: Former Supreme Court judge Justice Prakash Prabhakar Naolekar, who heads the high-level committee for assessing demographic changes, has termed the demographic change caused by infiltration as a "huge challenge", and said the panel may recommend "more stringent laws" to the Centre if necessary. By Harshwardhan Prakash

MDS34 TN-TVK-CBI-AIADMK (4.52 PM)

Will not hesitate to demand CBI enquiry into 'horse trading' by TVK: AIADMK whip Tiruvannamalai (Tamil Nadu): AIADMK whip Agri S S Krishnamurthy on Friday said that the party will demand a CBI investigation if the alleged poaching of lawmakers via "multi-crore cash" transfers by the ruling TVK continues.

CAL17 WB-MAMATA-POEM (4.16 PM)

Amid dissent in TMC ranks, Mamata's 'Girgiti' poem takes swipe at political turncoats Kolkata: Amid a growing chorus of dissent within the TMC after its loss of power in West Bengal, party supremo Mamata Banerjee has penned a new poem titled 'Girgiti', which political observers believe carries a veiled message for leaders who have recently turned critical of the organisation.

CAL10 OD-SIR (2.47 PM)

Over 45k booth-level officers engaged to carry out SIR in Odisha from May 30 Bhubaneswar: The Election Commission of India (ECI) will engage over 45,000 booth-level officers (BLOs) to conduct Special Intensive Revision (SIR) of the voters' list in Odisha from May 30, an official said on Friday.

MDS32 KL-VANDE MATARAM-CM (4.27 PM)

Rendering Vande Mataram in full not mandatory: Kerala CM Satheesan Thiruvananthapuram: Kerala Chief Minister V D Satheesan on Friday said that rendering the national song, Vande Mataram, in full was not mandatory as there was no law enacted by the Parliament in that regard.

CAL18 MN-TRUCK DRIVER-LD SHOT (4.20 PM)

Truck driver dies in militant firing in Manipur's Ukhrul, CM condemns killing Imphal: A truck driver was killed and a police constable was injured when suspected militants fired at a convoy of goods vehicles in Manipur's Ukhrul district on Friday, an officer said.

CAL19 JH-MAOIST-ARREST (4.26 PM)

PLFI chief commander carrying Rs 10 lakh bounty arrested in Jharkhand Ranchi: Jharkhand Police has arrested the chief commander of the banned People's Liberation Front of India (PLFI), a splinter group of the Maoists, who carried a bounty of Rs 10 lakh on his head, a senior official said on Friday.

CAL20 WB-LD RAIN (4.32 PM)

Thunderstorms, heavy rain lash Kolkata, South Bengal; disrupt public life Kolkata: A powerful spell of thunderstorms accompanied by heavy rain and gusty winds swept across Kolkata and several districts of South Bengal on Friday afternoon, bringing relief from the scorching heat but also adding to major disruptions in public life.

BUSINESS DEL44 BIZ-RBI-REPORT-RUPEE-TRADE (3.46 PM)

Rupee being increasingly used for imports and exports: RBI report Mumbai: Rupee is being increasingly used for import and export invoicing over the years, showed the data compiled by the Reserve Bank of India, which said the INR internationalisation process has been mutually beneficial to all trading partners.

DEL31 BIZ-RBI-REPORT-FRAUDS (2.14 PM)

Financial institutions report over 10,000 cases of fraud involving Rs 48,000 cr in FY26: RBI data Mumbai: Banks and financial institutions, taken together, reported 10,114 fraud cases involving Rs 48,021 crore in 2025-26, against 23,722 cases involving Rs 32,803 crore in 2024-25, according to the annual report for the Reserve Bank released on Friday.

LEGAL LGD25 SC-NEET (3.19 PM)

NEET paper leak: SC stresses accountability; govt says PM personally supervising situation New Delhi: The Supreme Court on Friday stressed on accountability for the lapses in the NEET paper leak issue and said it was “actually very traumatic” not only for the students but for their families as well if something like this happened.

LGD28 SC-RELIANCE (4.01 PM)

* SC sets aside order directing RIL to disgorge Rs 447 crore New Delhi: The Supreme Court on Friday set aside an order directing Reliance Industries Ltd (RIL) to disgorge Rs 447.27 crore in a matter relating to the trading of Reliance Petroleum Ltd (RPL) shares in 2007.

LGD27 DL-HC-LD COCKROACH PARTY (3.59 PM)

HC asks review committee to examine unblocking of Cockroach Janta Party's X handle New Delhi: The Delhi High Court on Friday refused to order unblocking of satirical digital outfit Cockroach Janta Party's X account but asked a review committee under the IT Rules to examine the issue and take a decision before July 7.

LGD15 SC-WFI-LD PHOGAT (2.36 PM)

Vinesh Phogat to participate in selection trials for Asian Games 2026 after SC's nod New Delhi: The Supreme Court on Friday permitted wrestler Vinesh Phogat to participate in the selection trials to be held on May 30 and 31 for the Asian Games 2026.

LGD30 NGT-HEATWAVE-NOTICE (4.27 PM)

NGT seeks response from Centre, states regarding heatwave conditions across country New Delhi: The National Green Tribunal (NGT) has sought a response from the Centre, several states and others regarding scorching maximum temperatures and intense extreme heat across the country.

FOREIGN FGN24 CANADA-BISHNOI-LETTER (1.34 PM)

Canada police says Lawrence Bishnoi gang sent threat letter last year Toronto: The Canadian police has said the Lawrence Bishnoi gang sent a letter to it last year claiming it had more than "1,000 individuals willing to carry out shootings" in the country as part of its extortion operations targeting the South Asian diaspora, according to a media report.

FGN26 US-2NDLD SPELLINGBEE (2.26 PM)

Indian-American Shrey Parikh wins Scripps National Spelling Bee competition Washington: Shrey Parikh, a 14-year-old Indian-American student from California, on Friday won the Scripps National Spelling Bee after he spelt 32 of the 35 words correctly in 90 seconds.

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