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    HIGHLIGHTS
    GST collections rise to record high of Rs 2.43 lakh cr in April
    ED says terror financing, crypto frauds new focus areas for agency
    EU-Mercosur trade deal takes provisional effect, boosting hopes and concerns for millions
    Excise duty on diesel exports cut to Rs 23/ltr, ATF exports to Rs 33/ltr
    FDI easing for foreign cos with up to 10 pc Chinese stake to be notified soon under FEMA soon
    SUPREME COURT HIGHLIGHTS
    Three arrested for running fake Aadhaar racket in UP'€™s Badaun
    Invest India Facilitates 60 Projects Worth Over USD 6.1 Billion in FY 2025–26, Generating Over 31,000 Jobs
    Agricultural and Processed Food Products Export Development Authority (APEDA) Signs 70-Year Lease Agreement for Basmati and Organic Training Centre in...
    National Asset Reconstruction Company Limited (NARCL) Strengthens India’s Stressed Asset Resolution Framework, Accelerates Recoveries in FY 2025–2...
    Chandigarh University MCA Online Students to Undergo Microsoft Certifications for Better Employability & Industry Readiness
    Government Strengthens Public Sector Banks Through Strategic Workforce Expansion
    Govt reviews households with dual LPG, PNG connections
    SC takes suo motu cognisance of delay in approval of resolution plans by NCLT
    IMEC momentum to boost Karnataka exports amid global trade disruptions
    UAE is leaving OPEC oil cartel. What could that mean for oil prices?
    Union Minister of Commerce and Industry Shri Piyush Goyal chairs review meeting on Plan of Action for achieving USD 2 Trillion Export Target by 2030-3...
    Secretary DFS chairs Review meeting of Vision Strategy documents of four Public Sector Insurance companies- NIACL, NICL, UIICL and AICIL
    Secretary, DFS Chairs review meeting on progress of Schemes of Financial Inclusion with Public Sector Banks (PSBs) and major Private Banks
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May 1, 2026
Show AI Summary
GST collections rise to a record high as April revenue shows a strong monthly increase in tax receipts.
Gross GST collections rose by 8.7 per cent in April to a record high, according to government data, reflecting a strong increase in tax revenues during the month. The reported collection level was the highest recorded for the period covered by the update, and the note presents the rise as part of the latest monthly GST revenue position.
May 1, 2026
Show AI Summary
GST collections reach record high as domestic receipts, import-linked inflows, and net mop-up all rise in April.
Gross Goods and Services Tax collections rose to a record high in April, with overall receipts increasing year on year. Domestic transaction revenues registered a moderate increase, while collections from imports rose sharply. Refunds also increased during the month, but net GST mop-up remained higher after adjustment for refunds.
May 1, 2026
Show AI Summary
Crypto currency frauds and terror financing emerge as new enforcement focus areas for the agency.
The Enforcement Directorate identified crypto currency frauds, terror financing, cyber-enabled crimes and narcotics trafficking as its new focus areas, while noting a decline in bank and real estate frauds after implementation of the Insolvency and Bankruptcy Code and the Real Estate (Regulation and Development) Act. It also reported filing 812 chargesheets and 155 supplementary chargesheets during 2025-26, a 94 per cent conviction rate, pending money laundering trials, and restitution of assets to victims of financial fraud under the Prevention of Money Laundering Act, the Fugitive Economic Offenders Act and the civil provisions of the Foreign Exchange Management Act.
May 1, 2026
Show AI Summary
Trade barriers and tariff reduction shape the provisional EU-Mercosur deal, alongside safeguard clauses and legal challenge.
The EU-Mercosur trade agreement has taken provisional effect, beginning a gradual reduction of trade barriers and tariffs and opening wider market access for exporters and businesses on both sides. The deal is subject to a legal challenge before the EU judiciary and may be halted if the court rules against it. It preserves economic safeguard clauses for sensitive sectors such as poultry, beef, sugar and fruit while facing opposition over competition, environmental standards and market disruption.
May 1, 2026
Show AI Summary
Windfall gains tax on fuel exports reduced as diesel and aviation turbine fuel duties are revised downward.
Windfall gains tax on exports of diesel and aviation turbine fuel was reduced, with the special additional excise duty on diesel exports cut to Rs 23 per litre and on aviation turbine fuel to Rs 33 per litre. The road and infrastructure cess on diesel exports was made nil for the next fortnight, and the duty on petrol exports remained nil. No change was made in the existing excise duty rates applicable to petrol and diesel for domestic consumption.
April 30, 2026
Show AI Summary
FDI automatic route rules are being eased for foreign companies with limited Chinese shareholding, alongside faster processing for key sectors.
Foreign companies with Chinese or Hong Kong shareholding of up to 10 per cent are to be permitted to invest in India under the automatic route in sectors where foreign direct investment is allowed, subject to notification under FEMA. The relaxed regime does not extend to entities registered in China, Hong Kong, or other land-border countries, and earlier mandatory government approval requirements are being revised accordingly. FDI proposals in specified manufacturing-related sectors are to be processed within 60 days, and older proposals under the earlier framework are being reviewed for possible investment on intimation basis.
April 30, 2026
Show AI Summary
Reproductive rights and legal administration take centre stage as the Supreme Court flags pregnancy termination, airfare regulation, and tribunal delays.
The Supreme Court highlighted issues concerning reproductive rights, airfare regulation, mediation in a commercial dispute, court strikes, professional misconduct, and insolvency delays. It said a child cannot be forced to bear a pregnancy and urged amendment of the law to permit termination by rape survivors beyond 20 weeks, sought a Centre affidavit on airfare guidelines, appointed a sole mediator in a textile project dispute, and took note of delays and administrative concerns in judicial and quasi-judicial processes.
April 30, 2026
Show AI Summary
Fake Aadhaar racket enforcement exposes organised identity document forgery and illegal preparation of forged documents.
Police action against an alleged fake Aadhaar and forged-document racket led to the arrest of three persons operating an illegal setup to prepare identity documents. The search resulted in recovery of a fingerprint scanner, laptops, a hard disk, a scanner, multiple Aadhaar cards and other suspicious documents, indicating organised misuse of identity-document systems. Interrogation suggested that the group had been engaged in preparing fake identity documents for some time and was using the activity to deceive people and earn unlawful gain.
April 30, 2026
Show AI Summary
Investment facilitation and manufacturing confidence drive grounded projects, diversified inflows, and large-scale job creation across multiple states.
Invest India facilitated the grounding of 60 projects worth over USD 6.1 billion in Financial Year 2025-26, spanning 14 states and expected to generate more than 31,000 jobs. The investment inflow was led by Europe, with participation from the United States, Japan, South Korea, Australia, and other markets, while emerging source countries reflected diversification in the investment base. The facilitation model covers the full investment lifecycle, supports joint ventures, and builds integrated industrial ecosystems. Chemicals, pharmaceuticals and biotechnology, and food processing accounted for a major share of grounded investments, alongside activity in electronics system design and manufacturing, aerospace and defence, and auto/EV.
April 30, 2026
Show AI Summary
Basmati farming training and AI-based crop survey initiatives expand capacity building, varietal assessment and export planning.
A 70-year lease arrangement has been concluded for the development of a Basmati & Organic Training Centre-cum-Demo Farm at Tanda Bijaisi, Pilibhit, involving APEDA, the Department of Agriculture and the Government of Uttar Pradesh. The proposed facility will support capacity building for Basmati and organic farmers and function as a resource centre for agricultural experts and students. India's first AI-based Basmati Paddy Survey project has also been launched for crop assessment, varietal identification, scientific advisory support and export planning.
April 30, 2026
Show AI Summary
Stressed asset resolution gains pace as NARCL expands acquisitions and accelerates recoveries across large borrower accounts.
National Asset Reconstruction Company Limited (NARCL) has expanded its stressed asset resolution role by acquiring 33 borrower entities with aggregate debt exposure of Rs.1,65,862 crore and participating in resolution processes under the Insolvency and Bankruptcy Code. FY 2025-26 saw accelerated recoveries, with Rs.4,364 crore realised during the year and cumulative recoveries reaching Rs.6,345 crore across 23 accounts, while further recoveries remain underway.
April 30, 2026
Show AI Summary
Industry-aligned online MCA programme adds Microsoft certifications and Internshala tie-up to boost employability and career readiness.
Chandigarh University Online has launched its Online MCA programme with embedded Microsoft certifications in AI, cloud computing, software development, data analytics and IT administration to improve employability and career readiness. The university has also partnered with Internshala to give students access to industry-relevant opportunities and practical exposure through internships, jobs, online trainings and placement courses.
April 30, 2026
Show AI Summary
Workforce expansion in public sector banks aims to improve service delivery, financial inclusion, and operational capacity.
Public sector banks have been strengthened through calibrated human resource expansion, with recruitment aligned to manpower requirements and conducted through a centralised and standardised IBPS process intended to support transparency and efficiency. The staffing initiative has led to substantial year-on-year growth in selected candidates and is directed toward improving operational capacity, reducing workload pressures, enhancing customer service, supporting underserved areas, and advancing financial inclusion and credit outreach.
April 30, 2026
Show AI Summary
LPG subsidy targeting tightens as households with PNG connections must surrender domestic gas links.
Government is identifying households with dual LPG and PNG connections under an order that bars PNG consumers from retaining or obtaining subsidised domestic LPG. Such consumers must surrender their domestic LPG connection, while government oil companies and distributors are prohibited from issuing new domestic LPG connections or supplying cylinder refills to them. The measure is aimed at curbing misuse, targeting subsidies better, and prioritising LPG supply for households without piped gas access.
April 30, 2026
Show AI Summary
Resolution plan approval delays under insolvency law draw suo motu attention over backlog and tribunal capacity concerns.
Delay in approval of resolution plans by NCLT benches under the Insolvency and Bankruptcy Code has been taken up by the Supreme Court on a suo motu basis. The Court flagged shortage of manpower and infrastructure in the NCLT system and noted a large backlog of pending approval applications nationwide, with delays extending beyond 700 days. The matter was directed to be placed before the Chief Justice of India for assignment to an appropriate bench.
April 30, 2026
Show AI Summary
Zero-rated exports under GST and IMEC momentum are strengthening Karnataka's trade prospects amid global disruptions.
The India-Middle East-Europe Economic Corridor is described as an alternative trade pathway to traditional maritime choke points amid geopolitical tensions, with the potential to improve connectivity and reduce freight and sailing-time costs. Exporters are also said to benefit from the GST regime because exports are treated as zero-rated supplies, allowing refund of input taxes. Recent measures have accelerated refund processing, reduced documentation and compliance costs, and eased working capital pressure.
April 30, 2026
Show AI Summary
Oil supply independence may pressure prices as the UAE exits OPEC and alters market expectations.
The United Arab Emirates' withdrawal from OPEC and OPEC+ gives it independent control over production and exports, potentially increasing global oil supply outside collective quota agreements. The article explains that any price effect will depend on whether the UAE can raise exports despite shipping disruption through the Strait of Hormuz, and that markets may react immediately to expectations, speculation and uncertainty even before output changes occur.
April 30, 2026
Show AI Summary
Export promotion strategy focuses on MSME support, market access, logistics and monitoring for the export target.
A review of the export promotion strategy focused on achieving India's USD 2 trillion export target by 2030-31 through a structured monitoring framework, inter-departmental coordination and IT-enabled tracking. The Export Promotion Mission was highlighted as a flagship MSME-focused initiative with two sub-schemes covering trade finance and market access, supported by operational components including credit support, testing and certification, warehousing, logistics and trade facilitation. The review emphasised ground-level delivery for exporters, especially MSMEs, agricultural exporters and first-time exporters, alongside stronger Brand India promotion.
April 30, 2026
Show AI Summary
Insurance modernisation through digitalisation, customised products and wider outreach was emphasised to strengthen service delivery and growth.
Strategic review of the vision documents of four public sector insurance companies focused on improving operational efficiency, financial soundness, sustainable growth, human resource and IT strategies, and service delivery. The review emphasized reducing loss ratios, preserving market share, strengthening retail portfolios and rural and semi-urban presence, developing customised products for younger customers and emerging risks, and advancing full digitalisation. It also highlighted cybersecurity compliance, online insurance services, grievance redressal, prompt claims processing, and expansion of distribution networks through outreach and social media.
April 30, 2026
Show AI Summary
Financial inclusion drive pushes banks to expand rural access, strengthen digital reach, and serve marginalised communities.
Public and private banks were reviewed on progress under financial inclusion schemes such as PMJDY, PMJJBY, PMSBY, APY and PMMY, along with related livelihood and welfare programmes. The review emphasised expansion of branches in unbanked villages, deployment of banking correspondents, resolution of infrastructure and connectivity issues, and strengthening of digital banking with assisted and vernacular support for last-mile access.

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HIGHLIGHTS

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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