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    June 4, 2026
    Maruti Suzuki launches India's 1st Flex Fuel car
    June 4, 2026
    Congress raises questions on 'substantial' LIC stake in firm under SEBI scanner
    June 4, 2026
    Rupee trades in narrow range against US dollar in early trade
    June 4, 2026
    Resilience by Design: Lessons from India’s Banking Sector - Speech by Shri Swaminathan J, Deputy Governor, Reserve Bank of India, on June 1, 2026, a...
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    IEPFA and SEBI to Organise ‘Niveshak Shivir’ in Bhopal on 5th June
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June 4, 2026
Maruti Suzuki launches India's 1st Flex Fuel car
Show AI Summary
Flex-fuel technology in passenger cars advances energy security, ethanol adoption, and lower emissions through wider fuel-blend compatibility.
India's first flex-fuel passenger car was launched with ethanol-blended fuel compatibility, engineered to operate on fuel blends ranging from E20 to E100. The vehicle uses advanced ECU calibration to adapt to different ethanol and petrol mixtures, reflecting the introduction of flex-fuel technology in a mainstream model and the expansion of alternate-fuel mobility beyond CNG and LPG. The launch was presented as part of a broader energy-transition agenda aimed at strengthening energy security, reducing crude oil import dependence, supporting biofuel use, lowering emissions, and promoting rural prosperity.
June 4, 2026
Congress raises questions on 'substantial' LIC stake in firm under SEBI scanner
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Financial statement misrepresentation and fund diversion trigger interim market regulator action, disclosure directions, and trading restraint.
SEBI initiated interim action over alleged large-scale misrepresentation in Rajesh Exports Ltd.'s financial statements, diversion of funds through personal and related accounts, and non-cooperation in furnishing records. The regulator directed true and fair disclosures under the LODR framework, noted the company's inadequate response to repeated summons, and cited auditor non-cooperation. It also identified Rajesh Mehta as the key decision-maker and restrained him from dealing in the company's securities until further orders, while requiring cooperation and a fresh forensic audit.
June 4, 2026
Rupee trades in narrow range against US dollar in early trade
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Rupee pressure from equity outflows and crude-linked import costs keeps forex sentiment weak amid global tensions.
The rupee traded in a narrow range against the US dollar as equity outflows, West Asia tensions and energy-import concerns pressured sentiment. Persistent foreign fund outflows, higher crude-linked dollar demand and outward foreign payments added to pressure on the domestic currency, while market attention shifted to the RBI Monetary Policy Committee decision amid a weakening rupee and elevated oil prices.
June 4, 2026
Resilience by Design: Lessons from India’s Banking Sector - Speech by Shri Swaminathan J, Deputy Governor, Reserve Bank of India, on June 1, 2026, at the School of International and Public Affairs (SIPA), Columbia University
Show AI Summary
Banking resilience through transparent stress recognition, stronger supervision and adaptive regulation shapes India's financial stability approach.
Banking resilience is an institutional project that must be built before stress emerges, through transparent recognition of stress, balance sheet repair, stronger supervision, calibrated regulation and disciplined conduct within banks. Timely recognition of asset quality problems changes incentives across banks, borrowers, supervisors and markets, while delayed recognition increases the eventual burden of resolution. Regulation and supervision must remain risk-based, adaptive and attentive to governance, technology risk, cyber resilience, customer conduct and emerging vulnerabilities.
June 4, 2026
IEPFA and SEBI to Organise ‘Niveshak Shivir’ in Bhopal on 5th June
Show AI Summary
Investor facilitation through Niveshak Shivir enables direct help for unclaimed dividends, shares, KYC updates, and grievance redressal.
Investor facilitation is being organised through a one-day Niveshak Shivir in Bhopal by the Investor Education and Protection Fund Authority and the Securities and Exchange Board of India. The camp is designed as a one-stop platform for investor services, with direct assistance for issues relating to unclaimed dividends and shares, including claims connected with holdings remaining unclaimed for six to seven years. It also provides on-the-spot KYC updation, nomination-related services, and immediate support for pending claim-related issues.
June 4, 2026
NPCI International and ACLEDA Bank Launch Cross-Border UPI Payments in Cambodia via KHQR, Cambodia’s National QR Code
Show AI Summary
Cross-border UPI acceptance in Cambodia expands QR payments and sets up a two-way India-Cambodia payment corridor.
UPI acceptance has been launched in Cambodia through NPCI International and ACLEDA Bank Plc. using Bakong's KHQR, enabling Indian travellers to make QR-based payments at Cambodian merchants in the first phase. The arrangement is intended to expand into a two-way corridor, allowing Cambodian users to scan UPI QR codes in India and creating interoperable cross-border digital payments.
June 4, 2026
CBSE says 3.8 million-packet DoS attack on website thwarted
Show AI Summary
Online verification and re-evaluation process for Class 12 answer books operates through Aadhaar-based login, secure payment gateways, and strict digital submission rules.
CBSE's online portal for verification of issues in scanned answer books and re-evaluation of Class 12 board examination answers permits only students who have obtained scanned copies of their evaluated answer books to apply digitally within the notified period. The process is conducted entirely online through Aadhaar-based login, with applications accepted only after completion of payment and locked once the freeze-and-proceed option is used. The facility allows reporting of issues such as missing pages, blurred pages, incorrect answer books, and evaluation against a different question paper set, subject to the specified submission rules.
June 3, 2026
CBI arrests I-T officer for taking Rs 4,000 bribe for deleting duplicate PAN record
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Corruption allegation over duplicate PAN deletion leads to CBI trap, arrest and case under anti-bribery law.
An Income Tax officer was allegedly caught accepting a bribe for deleting a duplicate PAN record after a CBI trap operation. A complaint was made after an alleged demand for a higher amount, and a case has been registered under the Prevention of Corruption Act.
June 3, 2026
Five held for impersonating police
Show AI Summary
Police impersonation gang used kidnapping and digital fraud to extort money from victims.
A five-member gang was arrested for allegedly committing kidnapping, extortion and cheating by impersonating police officers. The accused reportedly intercepted a victim, falsely claimed that a criminal case was pending against him, forcibly took him away, confined him, seized his mobile phone, ATM card and cash, and coerced him into disclosing banking credentials and passwords. A fake video call from a purported police officer was also used to reinforce the deception.
June 3, 2026
Rupee falls 40 paise to close at 95.76 against US dollar
Show AI Summary
Forced labour trade concerns weigh on the rupee as proposed additional duties and capital outflows hit sentiment
The rupee weakened against the US dollar amid strong dollar demand, higher crude prices, foreign capital outflows and market risk aversion linked to proposed additional duties on Indian imports over forced labour concerns. The United States Trade Representative proposed additional duties under Section 301 investigations concerning forced labour and excess industrial capacity, while India is engaged with the United States on those issues and on an interim trade agreement.
June 3, 2026
Indo-US trade deal almost done, just 1 pc sticking points under discussion: Ambassador Gor
Show AI Summary
Indo-US trade agreement nears finalisation as negotiators work through remaining sticking points and interim pact details.
India and the United States were said to be close to finalising an interim bilateral trade agreement, with only a small number of remaining issues under discussion after most elements had already been settled. The negotiations were described as focused on resolving the last sticking points so the pact could be signed and put into force. The report also noted United States Section 301 trade actions affecting multiple economies and stated that the resulting tariffs were applied globally rather than specifically against India.
June 3, 2026
Cabinet approves Rs 10,000 cr jet fuel stabilisation fund to ease airline cost pressures
Show AI Summary
Fuel price stabilisation support approved to cushion airlines from aviation turbine fuel volatility and preserve air connectivity.
A fuel price stabilisation mechanism has been approved to cushion scheduled Indian airlines against exceptional aviation turbine fuel volatility arising from the West Asia crisis. The arrangement provides a one-time, interest-free advance to state-owned oil marketing companies so that jet fuel can be supplied at a fixed or benchmark-linked price, with compensation payable to those companies when import parity prices rise above the government-determined benchmark. Participating airlines must buy ATF exclusively from oil marketing companies under supervised agreements, and the support is time-limited with recovery through a defined true-up mechanism.
June 3, 2026
CCI approves proposed combination related to restructuring of UPL group companies and others
Show AI Summary
Group restructuring of UPL businesses approved for transfer of India and global crop protection verticals.
The proposed combination concerns a group restructuring within the UPL corporate structure and was approved by the Competition Commission of India. The transaction comprises interconnected steps involving UPL Limited, UPL Sustainable Agri Solutions Limited, UPL Global Sustainable Agri Solutions Limited, UPL Crop Protection Holdings Limited, TPG Upswing Limited, Platinum Jasmine A 2018 Trust and Woodhall Holdings (DIFC) Limited, and is directed at reorganising the ownership and holding arrangements of the UPL group companies.
June 3, 2026
CCI approves acquisition of Macquarie AirFinance by Dubai Aerospace Enterprise (DAE) Ltd through DAE Eirecam Designated Activity Company
Show AI Summary
Competition approval for aircraft leasing acquisition through a downstream holding structure in a proposed combination.
The Competition Commission of India approved the proposed combination involving the acquisition of Macquarie AirFinance Limited by Dubai Aerospace Enterprise (DAE) Ltd through DAE Eirecam Designated Activity Company. The transaction was structured as an acquisition from the target's current shareholders, with DAE Eirecam described as a downstream holding of the acquirer.
June 3, 2026
Court formally frames charges against Jacqueline, Sukesh in money laundering case
Show AI Summary
Money laundering and organised crime charges were framed amid allegations of impersonation, extortion, conspiracy and concealment of proceeds of crime.
Charges were formally framed in a money laundering prosecution and in a separate organised crime case arising from allegations of impersonation, extortion, cheating, criminal intimidation and conspiracy. The accused, including Jacqueline Fernandez and Sukesh Chandrashekar, appeared in court and pleaded not guilty, claiming trial. The proceedings also covered charges under the Prevention of Money Laundering Act and, in the separate matter, offences under the IT Act and the Maharashtra Control of Organised Crime Act for alleged organised criminal activity and possession of unaccountable wealth.
June 3, 2026
US proposes 12.5% tariffs on India, others on concerns over forced labour; India remains engaged in talks
Show AI Summary
Forced labour import concerns drive proposed US tariff action on India amid pending Section 301 proceedings and trade talks
The United States has proposed additional import duties of 12.5% on goods from 54 economies, including India, and 10% on six others, under pending Section 301 proceedings concerning imports of goods produced with forced labour. The measure remains unfinalised, with hearings, testimony summaries and written comments scheduled before any final decision. India says it remains engaged in the proceedings and in parallel bilateral trade talks, while the proposal also includes a special mechanism for textile and apparel products.
June 3, 2026
India remains engaged with the U.S. on Section 301 proceedings and for finalisation of a framework agreement
Show AI Summary
Section 301 tariff proposals draw stakeholder hearings as India continues engagement on a framework agreement.
The United States Trade Representative has proposed additional tariffs under Section 301 after concluding investigations against 60 economies, including India, with exclusions for section 232 products and certain others. A special mechanism is proposed for textile and apparel imports, and stakeholders may participate in hearings and submit written comments before a final decision is taken. India remains engaged in the Section 301 proceedings and in finalising a framework agreement with the United States.
June 3, 2026
Release of Uniform Guideline for Compilation of District Domestic Product (DDP) Estimates with Base Year 2022-23
Show AI Summary
District Domestic Product standardisation advances uniform district economic estimates through bottom-up methods and consistent data allocation.
Uniform guidelines for compilation of District Domestic Product estimates with base year 2022-23 have been finalized and released after stakeholder consultation on the draft framework. The guideline provides a standardized approach for preparing district-level economic estimates across States and Union Territories, covering concepts, data sources, estimation procedures and methodologies for Gross District Domestic Product, Net District Domestic Product and per capita income. It prioritizes the bottom-up approach where district-level data are available and recommends top-down methods and allocation indicators where information is insufficient.
June 3, 2026
Rupee falls 31 paise to close at 95.67 against US dollar
Show AI Summary
Foreign exchange pressure and Section 301 trade tensions weigh on the rupee as markets await RBI policy signals.
The rupee weakened against the US dollar amid strong dollar demand, higher crude oil prices, geopolitical tensions and foreign capital outflows, while markets also watched the Reserve Bank of India's monetary policy meeting. The article further notes that the depreciation followed a proposal for additional duties on Indian imports linked to alleged labour violations and Section 301 investigations concerning forced labour and excess industrial capacity, with India engaging the United States on those issues and on an interim trade agreement framework.
June 3, 2026
Cabinet approves Rs 10,000-cr ATF Stabilisation Fund to shield airlines from fuel price surge
Show AI Summary
Aviation turbine fuel price stabilisation mechanism cushions airlines from fuel volatility and supports stable air connectivity.
Cabinet approval was given for an aviation turbine fuel price stabilisation mechanism to cushion scheduled Indian airlines from exceptional fuel cost volatility arising from the West Asia crisis. The programme provides interest-free advances to state-owned oil marketing companies so that ATF can be supplied to airlines at a stabilised price for domestic and international operations, with the mechanism intended to support air connectivity and limit fare volatility while airlines face elevated fuel costs. Any amounts advanced are to be recovered when global fuel prices moderate, and the arrangement is stated to continue for up to 36 months, subject to annual review and earlier closure if the support amount is fully recovered and settled.

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GST

GST dept issues tax demand of Rs 124 cr to Spicejet, slaps showcause notice for delay in return filing

May 29, 2026

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Gurugram, May 29 (PTI) The GST department has issued a tax demand of Rs 124.65 crore to struggling airline SpiceJet for non-filing of GST returns for the past several months, an official said on Friday.

Initiating action against the airline for failing to file GST returns on time, the GST department has issued a show-cause notice to cancel the company's GST registration, the official said.

According to the GST department, SpiceJet consistently committed irregularities in filing GST returns and submitted them late. Consequently, a provisional assessment was filed under Section 62 of the CGST and SGST Act, 2017. Based on this, a total tax demand of Rs 124.65 crore has been assessed for various periods.

According to the demand details released by the department, the demand has been fixed at Rs 44.44 crore for the month of November, Rs 43.79 crore for the month of December, Rs 12.19 crore for the month of January, Rs 12.10 crore for the month of February and Rs 12.12 crore for the month of March.

GST officials stated that a show-cause notice was issued on May 25, 2026, regarding the cancellation of the company's GST registration. Despite this, the company has yet to file its pending returns.

"If SpiceJet does not promptly file its pending returns and ensure compliance with its statutory obligations under the GST law, further action will be taken as per the rules", said an official.

Despite several attempts, officials of SpiceJet could not be contacted. PTI COR MR

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