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    Crafting Bharat – Season 3 launches its fourth episode featuring Vaibhav Tambe of TransBnk.
    Gross and Net GST revenue collections for the month of May, 2026
    India’s Seafood Exports Reach Record High of ₹73,890 Crore in FY 2025–26
    Accounts of the Government of India for the Financial Year 2025-2026 (Provisional/Unaudited)
    Monthly review of accounts of Government of India for April 2026 (FY 2026-27)
    Kerala banking sector posts healthy growth; CM Satheesan calls for closer collaboration
    Andhra logs best-ever May GST revenue of Rs 4,987 crore
    Court allows CBI to arrest former Reliance ADAG executive Jhunjhunwala in bank fraud case
    Rupee declines 34 paise to close at 95.19 against US dollar
    Kerala HC admits CMRL appeal against ED probe, stays action till Jun 5
    Chhattisgarh liquor 'scam': ED attaches assets worth over Rs 1,000 cr, names 4 more accused
    IDFC First Bank 'fraud': ED makes 3rd arrest in Rs 645-crore embezzlement case
    Britain's steel safeguard, carbon tax sticking points in implementation of India-UK trade pact: Sources
    India-Oman FTA comes into force; textiles, eng, gems, jewellery get duty-free access
    UK Trade Secretary Peter Kyle to visit India to ramp up FTA implementation
    Most aspects finalised in trade pact with US; talks now focus on minor issues, commas, full stops: Goyal
    Central Government notifies export levies on exports of petrol, diesel and aviation turbine fuel (ATF) for the fortnight beginning 1st June, 2026
    Central Government temporarily exempts all customs duties on import of cotton from 1st June, 2026 till 31st October, 2026
    India and Oman energize a new Trade Gateway through a landmark Comprehensive Economic Partnership Agreement (CEPA)
    Delhi HC grants bail to PFI's physical education trainer in money laundering case
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    June 2, 2026
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    Unified transaction banking is reshaping corporate finance through API-driven platforms, cloud scale, and stronger compliance controls.
    Transaction banking in India is shifting toward unified, API-driven platforms that address fragmented banking systems, manual processes, and reconciliation challenges in corporate banking. The commentary links this evolution to digital infrastructure growth and highlights the role of cloud systems, AI tools, and strong compliance guardrails, including regulatory compliance, data protection standards, and certifications such as ISO and SOC2, in enabling scalable and reliable financial technology operations.
    June 2, 2026
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    GST revenue collections showed provisional growth in May 2026, with adjusted figures reflecting the telecom spectrum one-time payment.
    Gross and net GST revenue collections for May 2026 were presented as provisional figures, with break-ups for domestic revenue, import revenue, refunds and net collections under CGST, SGST and IGST. The note stated that May 2025 included a one-time telecom spectrum payment, and that adjusted growth is the better indicator of GST performance for May 2026. State-wise tables also showed SGST and IGST settlement figures and domestic GST revenue growth across States and Union Territories.
    June 2, 2026
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    Seafood export growth: India's frozen shrimp-led shipments hit a record high as the US and China stayed top markets.
    India's seafood exports reached a record high in FY 2025-26, with frozen shrimp remaining the dominant export item and contributing the largest share of export earnings and overall quantity. The United States and China continued to be the principal overseas markets, with the United States leading in value terms and China leading in quantity terms. The European Union, Southeast Asia, Japan and the Middle East also remained major export destinations, while Visakhapatnam, Jawaharlal Nehru Port Trust and Kochi were the top ports handling seafood export cargo.
    June 2, 2026
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    Government accounts highlight revenue receipts, tax devolution to states, and expenditure composition across revenue and capital heads.
    Government accounts for financial year 2025-26 were consolidated and published on a provisional, unaudited basis, showing receipts of the Union Government as net tax revenue, non-tax revenue, and non-debt capital receipts. During the period, a substantial amount was transferred to State Governments as devolution of the share of taxes, and total expenditure was recorded on both revenue and capital account, with interest payments and major subsidies forming significant components of revenue expenditure.
    June 2, 2026
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    Government revenue and expenditure account for April 2026 highlights tax receipts, devolution to states, and major spending heads.
    Government of India's monthly account for April 2026 records the consolidated receipt and expenditure position for the month. Receipts comprise tax revenue, non-tax revenue and non-debt capital receipts, with a transfer made to State Governments by way of devolution of taxes. The account also notes the corresponding expenditure split between revenue account and capital account, and identifies interest payments and major subsidies as significant components of revenue expenditure.
    June 1, 2026
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    Banking sector growth drives priority lending, while emergency credit support scheme implementation gets expedited for eligible borrowers.
    Kerala's banking sector showed strong growth in deposits, advances and priority-sector lending, with the credit-deposit ratio above the RBI benchmark. The review meeting also examined implementation of the Emergency Credit Line Guarantee Scheme and directed banks to identify eligible borrowers and deliver benefits expeditiously while supporting broader economic development.
    June 1, 2026
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    GST revenue growth driven by AI-based compliance and data integration lifted Andhra Pradesh to its best-ever May collections.
    Andhra Pradesh recorded its highest-ever May GST revenue since the introduction of GST, with strong year-on-year growth in total collections and net GST receipts despite GST 2.0 rate rationalisation measures. The revenue increase was supported by higher IGST settlement, petroleum VAT, professional tax and liquor VAT collections, along with technology-driven compliance measures. The department also expanded data integration and enforcement through AI-based analytics, scrutiny systems, UPI transaction analytics, Aadhaar integration and inter-departmental data sharing.
    June 1, 2026
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    Bank loan misuse allegations lead to formal arrest permission and judicial custody in the ongoing fraud investigation.
    CBI investigation into alleged misuse and diversion of bank loan funds in relation to Reliance Communications proceeded against a former senior executive, with the court permitting formal arrest in connection with the bank fraud case and remanding him to judicial custody in the meantime. The proceeding arose from allegations that loan funds and credit facilities sanctioned by a consortium of banks were managed and utilised in a manner that caused wrongful loss to the lending banks, while investigation against the accused remained ongoing.
    June 1, 2026
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    Rupee depreciation reflects geopolitical tensions, crude price gains and a stronger dollar, with RBI policy now in focus.
    The rupee weakened against the US dollar amid renewed geopolitical tensions, higher crude oil prices, a stronger dollar, and softer global risk sentiment. Forex traders noted intraday volatility in the interbank foreign exchange market and said the currency was under pressure from external market conditions, while any continued peace talks could limit further downside. Market attention shifted to the upcoming RBI Monetary Policy Committee meeting and the central bank's policy signal.
    June 1, 2026
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    PMLA investigation dispute over scheduled offence timing and natural justice challenge in CMRL appeal
    Appeal against a single-judge order permitting the Enforcement Directorate to continue a PMLA investigation was admitted, with no precipitative action to be taken until judgment. The dispute centres on whether a later SFIO complaint could justify an investigation that had allegedly begun before any scheduled offence existed, and whether additional affidavits filed after reservation violated natural justice. The company also challenged the ECIR, summons and related proceedings on jurisdictional grounds.
    June 1, 2026
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    Money laundering probe in alleged Chhattisgarh liquor scam leads to major asset attachments and four fresh accused
    Properties worth more than Rs 1,000 crore were provisionally attached under the Prevention of Money Laundering Act in connection with the alleged Chhattisgarh liquor scam, on the basis that the probe had identified proceeds of crime exceeding Rs 2,883 crore. The investigation alleged manipulation of the excise system through inflated procurement rates, unaccounted liquor manufacture and commission extraction through FL-10A licences. The attachment orders covered properties linked to Vikas Agrawal and alleged benami properties of Dhebar, Hotel Westinn Goa, and financial assets of three FL-10A licence-holder companies. A fresh supplementary prosecution complaint named four additional accused.
    June 1, 2026
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    Money laundering investigation under the Prevention of Money Laundering Act turns on alleged layering and concealment of public funds.
    Money laundering investigation under the Prevention of Money Laundering Act concerns alleged embezzlement of public funds from bank accounts linked to government departments and private schools. The investigation records an arrest for allegedly receiving proceeds of crime and participating in the generation, layering and concealment of laundered funds. It also alleges use of shell entities, jewellers and linked accounts to route, distribute and invest the proceeds, while the money trail and related assets are being traced.
    June 1, 2026
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    Steel safeguard and carbon border adjustment issues are emerging as key sticking points in India-UK trade pact implementation.
    India and the United Kingdom are expected to discuss Britain's steel safeguard measure and proposed carbon border adjustment mechanism as implementation issues under the bilateral trade pact. The reported concern is that UK restrictions on tariff-free steel imports and the planned carbon pricing on carbon-intensive goods have become sticking points, prompting India to consider re-balancing duty concessions, including those on Scotch whisky, if the matters are not addressed.
    June 1, 2026
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    Duty-free market access expands under India-Oman trade pact, boosting exports, services commitments and skilled professional mobility.
    Duty-free market access under the India-Oman Comprehensive Economic Partnership Agreement has come into force, granting duty-free entry for 99.38 per cent of India's exports by value and covering textiles, engineering products, gems and jewellery, pharmaceuticals and electronics. The arrangement also provides quota-based tariff concessions on selected Omani exports to India, while India has withheld concessions in several sensitive sectors. The pact further expands services commitments and skilled-professional mobility, and contemplates future discussions on social security continuity. Pharmaceutical access is reinforced through binding zero-duty treatment and streamlined marketing authorisation conditions.
    June 1, 2026
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    Trade liberalisation and market access drive India-UK FTA implementation talks in New Delhi.
    UK Business and Trade Secretary Peter Kyle is scheduled to visit New Delhi to accelerate implementation of the India-UK Comprehensive Economic and Trade Agreement and bring the bilateral Free Trade Agreement into force as quickly as possible. The visit is intended to advance the modern economic partnership, support businesses and consumers, and prepare industry for the agreement's entry into force through wider trade opportunities and tariff liberalisation.
    June 1, 2026
    Show AI Summary
    Bilateral trade agreement talks focus on final drafting, tariff recalibration, and broader market access negotiations.
    India and the United States have largely finalised the first phase of their bilateral trade agreement, with remaining discussions focused on drafting details, legal wording, and adjustments needed to reflect changes in the US tariff environment. The two sides are working toward completion of the interim agreement and then broader negotiations on market access, non-tariff measures, customs and trade facilitation, investment promotion, and economic security alignment. The framework contemplates tariff reductions and expanded Indian purchases of US goods, while current talks may recalibrate the framework in light of changed tariff measures and Section 301 developments.
    June 1, 2026
    Show AI Summary
    Export levies on petrol, diesel and ATF are revised fortnightly to support domestic fuel availability.
    Export levies in the form of Special Additional Excise Duty and Road and Infrastructure Cess are imposed on exports of petrol, diesel and aviation turbine fuel to support domestic availability of petroleum products by discouraging exports. The levy rates are reviewed and revised on a fortnightly basis according to average international prices of crude oil and petroleum products prevailing since the last review. No change is made to the existing excise duty rates on petrol and diesel cleared for domestic consumption.
    June 1, 2026
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    Customs duty exemption on cotton imports aims to ease input costs and improve raw material availability for the textile sector.
    Temporary exemption from all customs duties on import of cotton is provided to improve cotton availability for the Indian textile sector during the specified period. The measure is intended to reduce input costs across the textile and apparel sector, support manufacturers and consumers, and balance the interests of domestic farmers. It is also expected to assist small and medium enterprises by easing raw material constraints.
    June 1, 2026
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    India-Oman CEPA expands duty-free access, services commitments and trade facilitation across goods, investment and professional mobility.
    The India-Oman Comprehensive Economic Partnership Agreement (CEPA) entered into force on 1 June 2026, creating a framework for trade, services, investment, logistics and regulatory cooperation. The Agreement gives duty-free access to 99.38% of India's exports to Oman, while India liberalizes tariff lines with safeguards for sensitive sectors such as dairy, cereals, fruits, vegetables, edible oils, oilseeds, rubber, leather and spices. It also includes trade-facilitation measures, non-tariff barrier reduction, sector-specific market access and commitments on services and professional mobility.
    June 1, 2026
    Show AI Summary
    PMLA bail turns on limited role, minimal traced transactions, prolonged custody, and parity with a co-accused.
    Regular bail under the PMLA turned on the accused's limited alleged role, the small quantum of traced transactions, and the stage of the proceedings. The court treated the petitioner's involvement as non-pivotal, considered the custody period and likely trial delay, and held that prolonged pre-trial incarceration would not be justified on the material placed before it. Parity with a co-accused and the non-determinative nature of protest-related allegations were also relevant.

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      Customs & Trade

      Kings Infra Reports Strong FY 2025-26 Performance Revenue grows 30.13% to INR 162.15 Crore | PAT rises 24.41% to INR 16.36 Crore | EPS at INR 6.68

      June 1, 2026

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      Kochi, Kerala | 1st June 2026: Kings Infra Ventures Limited (BSE: 530215), a pioneer in integrated aquaculture, seafood solutions, and infrastructure development, today announced its audited financial results for the quarter and financial year ended 31st March, 2026. The Company delivered a robust performance across all key metrics, registering revenue of ₹162.15 Crore — a growth of 30.13% over the previous financial year — while maintaining consistent expansion in profitability. The last quarter of the financial year commenced against the backdrop of the unfortunate passing of Late Mr. Shaji Baby John, the Company's founding Chairman and Managing Director, whose vision and leadership shaped Kings Infra over nearly four decades. Under the stewardship of Mr. Baby John Shaji, Managing Director, the Company navigated this transitional phase with resilience, redirecting its focus toward its core competencies of Aquaculture and Exports, resulting in strong farm-level performance during the year.

      "We dedicate the results of this financial year to the memory of Late Mr. Shaji Baby John, whose unwavering commitment to building a world-class aquaculture enterprise laid the very foundation we stand on today. The Board's trust and our team's resolve allowed us to stay focused on what we do best. Our farms performed well, our financial discipline improved, and we enter FY 2026–27 with a clear, five-pillar execution framework that we believe will unlock the next chapter of Kings Infra's growth story." — Mr. Baby John Shaji, Managing Director, Kings Infra Ventures Limited FINANCIAL PERFORMANCE Revenue from operations for FY 2025–26 grew to ₹162.15 Crore, up 30.13% from ₹124.63 Crore in FY 2024–25. In Q4 FY 2025–26 alone, the Company reported net revenue of ₹46.85 Crore, a 44.77% improvement over ₹32.36 Crore in the corresponding quarter of the prior year.

      EBITDA for the full year stood at ₹30.98 Crore, expanding 27.22% from ₹24.35 Crore in FY 2024–25, with Q4 EBITDA registering ₹9.39 Crore against ₹6.12 Crore previously — a 53.43% increase. This improvement reflects disciplined cost management alongside volume growth.

      Profit Before Tax (PBT) rose 25.78% year-on-year to ₹22.30 Crore, while Profit After Tax (PAT) grew 24.41% to ₹16.36 Crore. Earnings Per Share (EPS) advanced to ₹6.68 in FY 2025–26, from ₹5.37 in the preceding year.

      BUSINESS & OPERATIONAL UPDATE The Company's strategic decision to focus on its core competencies — Aquaculture and Exports — yielded tangible results during FY 2025–26. Farm-level operations recorded strong performance during the year, supported by the Company's proprietary farming protocols and robust supply chain partnerships.

      On the export front, while geopolitical tensions and global trade disruptions posed headwinds, the Company remains optimistic about the near-term outlook. The Free Trade Agreement between India and the European Union, expected to come into effect by 2027 – a development that is anticipated to provide a meaningful fillip to the Company's export business in European markets, a segment where Kings Infra has established brand presence through its premium offerings.

      STRATEGY FOR FY 2026–27: THE SCDMO EXECUTION FRAMEWORK The Managing Director presented the Company's strategic blueprint for FY 2026–27 to the Board of Directors, anchored in a five-pillar execution framework — Synergise, Consolidate, Digitise, Monetise, and Optimise (SCDMO). The Board reviewed and expressed its concurrence with the framework, which is designed as a compounding flywheel where each pillar reinforces the next.

      Under Synergise, the Company will pursue strategic alliances with like-minded exporters, value-added processing partners, domestic distribution incumbents, and aquaculture technology firms — multiplying capability without proportionate cost.

      Consolidate involves rationalising the vendor base, focusing on high-value customer relationships, and driving lean operations to protect EBITDA margins.

      Digitise will see deployment of technology at the farm level, including micro-bubble aerators, auto-feeders, and real-time monitoring systems, alongside ERP integration for end-to-end supply chain visibility and strengthened traceability for international buyer compliance.

      Monetise will unlock latent value from the Company's land holdings, aquaculture expertise, and brand equity through consulting, managed farm contracts, and new export SKUs.

      Optimise — the continuous thread running through all pillars — will institutionalise a culture of stringent performance reviews and resource utilisation tracking across all business units.

      "Our FY 2025–26 financials reflect the strength of our core aquaculture business and our team's ability to deliver consistent growth even in a challenging year. With revenues crossing ₹162 Crore and PAT at ₹16.36 Crore, we have demonstrated that our fundamentals are sound. The EU FTA, combined with our SCDMO framework, gives us confidence in accelerating both topline and margin improvement in FY 2026–27." — Mr. Lalbert Cherian, Chief Financial Officer, Kings Infra Ventures Limited ABOUT KINGS INFRA VENTURES LIMITED Kings Infra Ventures Limited (BSE: 530215 | CIN: L05000KL1987PLC004913) is a BSE-listed company headquartered in Kochi, Kerala. Incorporated in 1987, the Company pioneered India's first integrated semi-intensive aquaculture project and has since evolved into a technology-enabled, professionally managed aquaculture and seafood solutions provider with a strong focus on sustainability, traceability, and innovation. The Company operates across aquaculture farming, seafood processing, exports, domestic marketing, and infrastructure development.

      (Disclaimer: The above press release comes to you under an arrangement with NRDPL and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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