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    Centre to buy onions at Rs 1,235 a quintal from farmers: Chouhan; inadequate, says association
    Petrol, diesel prices hiked by Rs 3, CNG by Rs 2 after elections as crude costs bite
    Maharashtra cuts VAT on aviation turbine fuel to 7 pc from 18 pc for six months
    BRICS delegation visits GIFT City in Gujarat, given overview of its evolving ecosystem
    Gold imports jump 82 pc to USD 5.62 bn in April; silver by 157 pc
    Total exports (merchandise & services) during April 2026 is estimated at US$ 80.80 Billion, as compared to US$ 71.13 Billion during April 2025, an est...
    Kimberley Process Intersessional 2026 Concludes in Mumbai Under India’s Chairship with Focus on Future of Natural Diamond Sector
    Exports clock 5-month high growth of 13.48 pc in April; trade deficit widens to three-month high
    India's forex reserves jump by USD 6.295 bln to USD 696.988 bln
    I-T department enables online filing of ITR-1, ITR-4
    From Pilibhit’s Flutes to Global Trade: Union Minister Shri Jitin Prasada ji Highlights India’s Packaging Vision at IIP Diamond Jubilee Celebratio...
    Rupee hits record low of 96.14/USD, settles at fresh closing low of 95.86/USD
    Sugar export ban will trigger price crash, hurt factories, say industry experts
    India's exports in April up 13.78 pc to USD 43.56 bn
    Andhra govt targets Rs 1.27 lakh crore own revenue for 2026-27
    Cultural Integration Along Guangxi-Vietnam Border: Baise's Events Build a Bridge for China-Vietnam Neighborly Connectivity
    Rupee falls 30 paise to 95.94 against US dollar in early trade
    Commerce & Industry Minister, Shri Piyush Goyal and Fisheries Minister Shri Rajiv Ranjan Singh Hold High-Level Meeting to Accelerate Seafood Sector Gr...
    Curtain Raiser Held for India-Africa Business Dialogue & Exhibition to be held on sidelines of 4th India-Africa Forum Summit
    ED freezes Rs 526-cr bank deposits in PMLA case against Gameskraft
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May 15, 2026
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Onion procurement support price announced as growers reject the rate as below production cost and seek higher compensation.
Centre announced onion procurement from farmers at Rs 12.35 per kg through NAFED after export disruption and falling prices. Maharashtra onion growers' association said the rate was below production cost, sought a higher support price, compensation for past distress sales, direct procurement through market committees, and measures to boost exports.
May 15, 2026
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Fuel price revision reflects higher crude costs, partial loss recovery, and likely inflationary pressure across transport and logistics.
Petrol, diesel and CNG prices were raised after a prolonged freeze, while piped natural gas and domestic LPG stayed unchanged. The revision was driven by higher global crude costs and the need for state-run fuel retailers to partly pass on accumulated losses. Industry sources said the increase was calibrated and still left oil marketing companies with under-recoveries if crude prices remain elevated, with likely inflationary spillovers through transport, logistics and input costs.
May 15, 2026
Show AI Summary
Value Added Tax cut on aviation turbine fuel in Maharashtra lowers airline fuel costs under a six-month concession.
Reduced Value Added Tax on Aviation Turbine Fuel in Maharashtra from 18 per cent to 7 per cent for six months under a notification issued pursuant to the Maharashtra Value Added Tax Act, 2002. The amendment substitutes the existing tax rate in Entry 6 of Schedule B, and the concessional rate remains in force until November 14 unless extended or modified by the government, after which the previous rate would apply.
May 15, 2026
Show AI Summary
International Financial Services Centre ecosystem showcased as BRICS delegation explores cross-border finance and fintech opportunities at GIFT City.
A BRICS delegation visited GIFT City in Gujarat and was briefed on India's evolving International Financial Services Centre ecosystem, including cross-border finance, fintech, trade and global business services. The delegation was informed that GIFT City functions as India's maiden IFSC and a gateway for international financial services, global capital flows and foreign currency transactions from within India. The visit also covered the city's regulatory ecosystem, infrastructure and sectoral opportunities across banking, capital markets, fund management, insurance, reinsurance, aircraft leasing, fintech and Global Capability Centres.
May 15, 2026
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Gold and silver import surge meets higher customs duty as precious metal inflows weigh on trade balance and current account.
Gold and silver imports rose sharply in April, with gold reaching USD 5.62 billion and silver USD 411 million, while higher customs duty on precious metals is expected to reduce imports. The article notes that the UAE CEPA tariff rate quota for gold bullion had limited impact on overall imports, with Switzerland remaining the largest source of gold and imports continuing to affect the trade and current account deficit.
May 15, 2026
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Trade growth in April 2026 as merchandise and services exports rise while the overall trade deficit narrows.
India's external trade for April 2026 is estimated to have recorded higher overall activity, with total exports of merchandise and services showing growth over April 2025 and total imports also rising. The trade balance remained in deficit, though the gap was smaller than in the corresponding month of the previous year. Merchandise exports increased over April 2025, supported by stronger shipments in petroleum products, electronic goods, engineering goods, meat, dairy and poultry products, and drugs and pharmaceuticals. Services exports were also estimated to have increased, while services imports were marginally lower than the previous year.
May 15, 2026
Show AI Summary
Credibility, compliance and consumer confidence drive Kimberley Process reforms for the natural diamond trade.
The Kimberley Process Intersessional Meeting 2026 concluded in Mumbai under India's Chairship with a focus on advancing Credibility, Compliance and Consumer Confidence in the natural diamond sector. Working Groups and Committees discussed monitoring, technical processes, governance, statistics and artisanal production, with emphasis on transparency, operational mechanisms and trust across the natural diamond value chain. The Kimberley Process Certification Scheme is described as a global initiative aimed at preventing conflict diamonds from entering legitimate trade and promoting responsible sourcing.
May 15, 2026
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Export growth and widening trade deficit shape India's April trade picture amid stronger imports and export support measures.
Exports rose in April at the fastest pace in five months, led by petroleum products, electronic goods and other major sectors, while trade deficit widened as imports climbed to a six-month high. Services exports also improved year on year, and the discussion noted that rupee depreciation, domestic-currency settlement efforts, export promotion measures and free trade agreements were expected to support future export growth.
May 15, 2026
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Foreign exchange reserves rise as gains in foreign currency assets, gold reserves and SDRs improve the overall position.
India's foreign exchange reserves increased during the reporting week, driven by gains in foreign currency assets and a sharp rise in gold reserves. The reserve position also showed marginal increases in Special Drawing Rights and the IMF reserve tranche position, while remaining below the earlier all-time high reached before the West Asia crisis and related rupee pressure.
May 15, 2026
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Income tax return filing enables online access for ITR-1 and ITR-4, with eligibility and deadlines clarified.
Online filing and Excel utility access were enabled on the e-Filing portal for ITR-1 (Sahaj) and ITR-4 (Sugam) for the assessment year 2026-27, allowing taxpayers to begin return filing for income earned during the relevant financial year. ITR-1 remains available to resident individuals within the prescribed income and source-income limits, while ITR-4 applies to eligible individuals, HUFs and firms other than LLPs having income from business or profession. The filing deadlines for ITR-1 and ITR-4 are also noted.
May 15, 2026
Show AI Summary
Packaging innovation and sustainability drive India's export competitiveness, manufacturing growth and global market positioning.
Packaging innovation, sustainability and quality assurance were emphasized as central to India's export competitiveness, manufacturing growth and global market positioning at the Indian Institute of Packaging's Diamond Jubilee celebrations. The institute's six-decade contribution to scientific packaging, education, research, skill development and industrial advancement was highlighted alongside its role in promoting future-ready and environmentally responsible packaging aligned with the vision of Viksit Bharat.
May 15, 2026
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Rupee depreciation deepens as crude oil, inflation fears and dollar strength pressure the currency despite likely intervention.
The Indian rupee fell to a record intraday low and closed at a fresh all-time low against the US dollar, pressured by elevated crude oil prices, inflation concerns, a stronger dollar, weak net FDI inflows and broader capital flow weakness. Market participants said likely RBI intervention helped cushion the decline, while exports, imports, foreign investor flows and the trade deficit were also noted as relevant market factors.
May 15, 2026
Show AI Summary
Sugar export ban sparks concern over domestic price crash, factory debt and weaker farmer payments.
A sudden ban on sugar exports until 30 September was criticised as likely to depress domestic sugar prices, strain factory finances and affect cane cultivators. Industry representatives said the restriction could make it harder to meet Fair and Remunerative Price dues, unsettle export relationships and weaken the sugar sector unless accompanied by greater sugar-based ethanol procurement and higher ethanol blending in petrol.
May 15, 2026
Show AI Summary
Merchandise trade growth in India as exports and imports rise in April, while West Asia trade contracts sharply.
India's merchandise trade recorded higher export and import values in April, with exports rising by 13.78 per cent to USD 43.56 billion and imports increasing by 10 per cent to USD 71.94 billion. The trade deficit for the month stood at USD 28.38 billion. Exports to West Asia declined by 28 per cent, while imports from the region fell by 31.64 per cent, reflecting a regional contraction in both outbound and inbound trade flows.
May 15, 2026
Show AI Summary
Revenue mobilisation and AI-driven GST scrutiny shape Andhra Pradesh's plan to strengthen collections and plug leakages.
Andhra Pradesh has set an own-revenue target for 2026-27 and directed revenue-generating departments to strengthen collections through technology-driven systems, tighter monitoring and efforts to plug leakages. The administration has called for AI-driven GST scrutiny, enhanced analytics and other advanced tools to identify revenue leakages and improve compliance without harassing taxpayers.
May 15, 2026
Show AI Summary
Cross-border cultural exchange deepens China-Vietnam border friendship through sports, heritage, reading and folk traditions.
Cross-border cultural and community exchange activities were organised in Baise, Guangxi, to strengthen people-to-people connectivity, cultural mutual learning and neighbourly relations along the China-Vietnam border. The programme combined sports, intangible cultural heritage, reading, music and folk customs, including football and basketball friendlies, folk art exchanges, youth reading activities and border dwellers' cultural events. Baise stated that it would continue regular cross-border cultural and sports interactions to develop border exchange brands and sustain cultural coexistence and friendly cooperation.
May 15, 2026
Show AI Summary
Advance Authorisation gold import cap tightened as rupee weakens under oil, dollar and geopolitical pressure.
The rupee weakened in early trade amid pressure from elevated crude oil prices, a strong dollar and geopolitical uncertainty. Separately, the government tightened the Advance Authorisation framework for gold imports by imposing a 100 kg cap and strengthening issuance and monitoring conditions, while the scheme continues to allow duty-free import of inputs used in export products.
May 15, 2026
Show AI Summary
Seafood export strategy strengthened through value addition, SPS compliance, MSME support and sustainable fisheries development.
India's seafood export strategy is to be advanced through a coordinated framework focused on value addition, infrastructure development, product diversification, quality assurance, market expansion, deep-sea fishing and wider stakeholder participation. A proposed Production Linked Incentive framework for seafood MSMEs is intended to strengthen international competitiveness, encourage technology adoption, support research and development, and expand export-oriented infrastructure. The initiative also emphasises tuna sector development, SPS compliance, traceability, laboratory upgrades, trade delegations and sustainable fisheries measures.
May 15, 2026
Show AI Summary
India-Africa economic partnership expands through trade, technology and manufacturing cooperation, with focus on supply chains and diversified growth.
India-Africa Business Dialogue and Exhibition was presented as a platform to deepen economic and strategic engagement between India and African nations through trade, investment, technology partnerships and people-to-people cooperation. The cooperation agenda was stated to extend beyond traditional raw material trade towards higher-value manufacturing, integrated value chains, diversified supply chains and local production, with key sectors identified as agriculture and food processing, digital public infrastructure, healthcare and pharmaceuticals, renewable energy, critical minerals, electric mobility, manufacturing, defence production, digitalization and telecommunications.
May 14, 2026
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Money laundering probe over online gaming platform alleged BOT-based play, user losses, and laundering through investments and properties.
Enforcement action under the Prevention of Money Laundering Act involved searches at an online gaming platform and its founders, leading to freezing of bank and payment gateway deposits and seizure of jewellery, bullion and cash. The probe alleged that the platform hosted real-money rummy games, collected commission on wagering amounts, and used BOTs without users' knowledge or consent. It also alleged laundering of the alleged proceeds through foreign investments, dividends, mutual funds, bonds, and property investments.

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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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