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    'Compromised' PM appeasing 'good friend': Congress on Rubio's India trade remarks
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May 24, 2026
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Indo-US trade commitments face criticism over import surge, foreign exchange pressure, and questions on foreign policy messaging.
Congress criticised the Prime Minister over a reported US claim that India has committed to purchasing large volumes of American goods over the next five years, focused on energy, technology and agriculture. The criticism questioned the reported Indo-US trade arrangement, its alleged concessions, and whether it should be renounced after the US Supreme Court struck down the tariffs that had formed its backdrop. It also raised concerns about foreign exchange pressure, rupee depreciation, and foreign policy announcements coming first from Washington.
May 24, 2026
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Trade negotiations advance as India and the United States move closer to an enduring bilateral agreement.
Trade negotiations between India and the United States are reported to be nearing a stage where a bilateral agreement may soon be finalised on terms described as enduring, beneficial and sustainable to both sides. The discussions are presented as part of a broader effort to advance mutual interests and improve overall bilateral relations, which are said to be on an upward trajectory. The talks covered cooperation in trade, critical minerals, energy and defence, and a US trade delegation is expected to visit India soon to take forward the proposed agreement.
May 24, 2026
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Competition law challenge to state liquor procurement practices fails for lack of evidence of abuse of dominant position.
Competition law challenge to a state-owned liquor procurement and distribution agency was rejected for want of concrete evidence of anti-competitive conduct. The tribunal accepted that no prima facie case of abuse of dominant position was made out, including no demonstrated harm or loss from alleged unilateral pricing, tender conditions, delayed payments, additional charges, or preference for state-owned brands. It also held that the pricing clause and differential discount structure were commercially justified and did not, on their face, distort market competition or consumer choice.
May 23, 2026
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Defence infrastructure priority leads to eviction order for Delhi Gymkhana Club premises and transfer of possession by June 5.
The Land and Development Office has directed the Delhi Gymkhana Club to hand over possession of its Safdarjung Road premises by June 5, stating that the land is urgently required for strengthening and securing defence infrastructure and other public-security purposes. The lease is determined under the lease deed, re-entry is ordered with immediate effect, and the entire 27.3-acre plot with all structures will vest in the lessor upon re-entry, with possession to be delivered on the specified date.
May 23, 2026
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Fuel price hike and import dependence allegations raise concerns over inflation, consumer burden, and energy security.
Congress alleged that the government was burdening consumers with a post-poll rise in petrol and diesel prices while not passing on the benefit of lower global crude prices or discounted Russian crude. The party said high excise duties had kept retail fuel prices elevated, recent increases would raise transport costs and inflation, and fuel reductions were often timed around elections. It also questioned rising import dependence for crude oil, gas and LPG, and criticised the handling of strategic reserves and supply diversification.
May 23, 2026
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Fuel price hikes and an undeclared financial emergency dominate criticism of the Centre's economic policies.
Economic policy criticism centred on repeated petrol and diesel price hikes, alleged fuel shortages, and their impact on tourism, taxi drivers, and apple growers. The minister accused the Centre of failed economic and foreign policies, said the country was nearing financial , and described the situation as an undeclared financial emergency linked to joblessness, privatisation, and pressure on dissent.
May 23, 2026
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Failed ATM transactions trigger bank liability for prompt reversal, delay compensation, and accountability under RBI norms.
Consumer protection jurisprudence concerning failed ATM transactions and the liability of the card-issuing bank to reverse wrongly debited funds promptly. A consumer court found deficiency in service where cash was not dispensed from an ATM but the customer's account was debited, and the amount remained unreversed for several months despite repeated complaints. RBI norms require reversal within five days and provide compensation for delay, with accountability placed on the card-issuing bank even when the withdrawal was attempted at another bank's ATM.
May 23, 2026
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Portfolio management and mutual fund payment reforms take shape as SEBI weighs calibrated relaxation and donation routes.
SEBI is reviewing the Portfolio Management Services framework and plans a consultation paper on reforms to revive growth. It is also examining calibrated relaxation of mutual fund third-party payment restrictions under anti-money laundering norms, including clean and auditable routes for employer salary deductions and commission payments through mutual fund units, while keeping redemption proceeds and dividends confined to verified bank accounts. The regulator is further considering charitable donations through mutual funds and possible simplification measures for overseas investors.
May 23, 2026
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Illegal coaching and commercial misuse of industrial sheds triggers a crackdown on unauthorised premises use.
District administration directed an immediate crackdown on illegal coaching classes and related commercial activities operating from industrial sheds and plots in the Latur Industrial Estate. The District Industries Centre ordered closure of unauthorised uses of premises leased for manufacturing purposes, including private coaching centres, hostels, mess facilities, hotels, study rooms and book centres, and warned of strict legal action if the directions were not implemented immediately.
May 23, 2026
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India-EU free trade deal may turn Estonia into a gateway for northern European market access and digital business growth.
India's proposed free trade arrangement with the European Union is expected to make Estonia a gateway to northern European markets and deepen commercial engagement. The existing trade base is described as a springboard for wider access, with opportunities for small and medium-sized industries, digital technologies, IT, AI-enabled services and software as a service. Estonia's e-residency programme, ports and EU membership are also presented as facilitating Indian business participation and broader market reach.
May 23, 2026
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APO Vision 2030 drives governance reform, digital transformation and productivity-led growth across member economies.
The Governing Body Meeting focused on APO Vision 2030, governance priorities, institutional performance measures, budgetary planning, compliance, capacity building and productivity-led growth. Member economies also reaffirmed cooperation on digital transformation, sustainable development, innovation and AI-driven productivity enhancement under the GAIA initiative, while the APO Accreditation Body's role in accrediting certification bodies for productivity specialists was highlighted.
May 23, 2026
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Bribery in GST compliance alleged as CBI arrests officials for demanding payment to resolve Input Tax Credit mismatch.
CBI arrested a CGST Superintendent and Inspector in a bribery case involving a demand for undue advantage to resolve an Input Tax Credit mismatch and a threat to block the complainant's GST registration. A trap was laid and the accused were caught red-handed while accepting part payment of the bribe. Searches were conducted at the office and residential premises of the accused public servants, and investigation is continuing.
May 23, 2026
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World Trade Organization accession protocol advances Ethiopia's integration into the multilateral trading system with India's support.
India and Ethiopia signed a bilateral accession protocol in Geneva in connection with Ethiopia's accession to the World Trade Organization, and the protocol and annexes were deposited with the WTO Secretariat. The release states that the accession process involves aligning domestic economic and trade policies with WTO rules and negotiating market-access commitments with existing members. Ethiopia was described as being at an advanced stage of accession, with its Working Party having met for the seventh time in April 2026.
May 23, 2026
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Trade compliance and market access drive India-Europe partnership discussions under next-generation free trade agreements.
India-Europe trade partnerships under next-generation free trade agreements were discussed with emphasis on stronger standards infrastructure, testing and certification capacity, digital compliance tools, and institutional mechanisms to address non-tariff barriers in European markets. The conference examined market access, regulatory compliance, services trade, digital economy engagement, and the implications of the Carbon Border Adjustment Mechanism for Indian industry, while noting the need for industry awareness, capacity building, and preparedness to use trade agreements effectively.
May 23, 2026
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GIFT City's international financial ecosystem review highlights sectoral growth, regulatory agility and infrastructure needs.
GIFT City's progress and evolving international financial services ecosystem were reviewed in a high-level meeting focused on strengthening its position as a globally competitive international financial and business hub. The discussion covered sectoral development across banking, capital markets, fund management, insurance and reinsurance, aircraft and ship leasing, fintech, bullion exchange, international education and allied services, along with infrastructure development, talent ecosystem, ease of doing business, taxation framework and residential ecosystem.
May 22, 2026
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GIFT City's global financial ecosystem gains focus through banking, fintech, leasing and infrastructure expansion.
India's GIFT City was presented as a strategic international financial services centre combining scale, technology, talent and growth opportunities, with a role in deepening integration with global financial markets and facilitating international capital flows through globally benchmarked institutional frameworks, regulatory agility and a supportive ecosystem. The review meeting focused on strengthening its global financial ecosystem through expansion of banking, fintech, insurance, fund management, GCCs, aircraft leasing and ship leasing activities, together with infrastructure development, global connectivity, ease of doing business, talent attraction and future-ready social infrastructure.
May 22, 2026
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Sexual harassment and religious conversion allegations trigger charge sheet with conspiracy, rape and harassment offences.
Police filed the first charge sheet in a case involving allegations of sexual harassment, exploitation and religious conversion at a TCS unit in Nashik. The Special Investigation Team submitted a 1,500-page charge sheet against four accused persons, with the case linked to nine FIRs and multiple arrests. The charge sheet invokes offences under the Bharatiya Nyaya Sanhita and the Scheduled Castes/Scheduled Tribes (Prevention of Atrocities) Act, and relies on WhatsApp chat screenshots and seized email trails.
May 22, 2026
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Regional investment promotion in central Gujarat will spotlight manufacturing, exports, tourism, and high-growth industrial sectors in Vadodara.
The Vibrant Gujarat Regional Conference for central Gujarat is scheduled to be held in Vadodara in the last week of June, with the region covering Ahmedabad, Gandhinagar, Vadodara, Anand, Kheda, Panchmahal, Dahod, Chhotaudepur, Narmada and Mahisagar districts. The release describes central Gujarat as a major manufacturing and export hub, with strengths in transport equipment, auto components, pharmaceuticals, electrical equipment and industrial projects such as Dholera and Mandal-Becharaji.
May 22, 2026
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Reserve Bank surplus transfer and contingency risk buffer management shape a record dividend to the government.
The Reserve Bank approved a record surplus transfer to the Central Government for FY 2025-26, driven by higher net income, balance-sheet expansion and the revised Economic Capital Framework. The framework allows the Contingent Risk Buffer to be maintained within 4.5 per cent to 7.5 per cent of the balance sheet, and the Central Board increased the buffer transfer before approving the surplus transfer. The dividend forms a major part of non-tax revenue and is linked to macroeconomic risks, buffer management and financial performance.
May 22, 2026
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Rupee strength gains support from softer crude, easing yields and Reserve Bank market intervention amid geopolitical uncertainty.
The rupee strengthened for a second straight session against the US dollar, supported by softer crude oil prices, easing US Treasury yields, positive domestic equities and market comfort from constructive diplomatic signals linked to the Iran situation. Traders also cited supposed Reserve Bank of India intervention, including market activity connected with a USD-INR buy-sell swap, while commentary noted that the rupee remained supported by lower imported commodity prices and reduced dollar strength. The central bank also reported a decline in forex reserves during the week ended May 15.

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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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