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    June 2, 2026
    India, UK discuss sticking points delaying free trade pact rollout
    June 2, 2026
    Following are the top foreign stories at 2030 hours
    June 2, 2026
    Rupee falls 17 paise to close at 95.36 against US dollar
    June 2, 2026
    At 22 pc, Haryana GST collection growth rate in May highest in country: State govt
    June 2, 2026
    'Malicious actors' attempted to disrupt re-evaluation portal services: CBSE
    June 2, 2026
    Chandigarh University Becomes India's First Private University to Establish 'IndiaAI Data Lab' in Collaboration with Intel India
    June 2, 2026
    India, US begin three-day talks to finalise details of trade pact
    June 2, 2026
    Base Year of Wholesale Price Index Revised from 2011–12 to 2022–23
    June 2, 2026
    Rs 2,004-crore homebuyer fraud: ED arrests 4 promoters for duping over 19,000 buyers
    June 2, 2026
    Rupee falls 10 paise to close at 95.29 against US dollar
    June 2, 2026
    CBSE opens portal for verification, re-evaluation of board exam answer sheets
    June 2, 2026
    JOY-N-CREW Vacations LLP Marks Three Years of Redefining Premium Group Travel in India
    June 2, 2026
    ED searches against Vedanta Group in FEMA case
    June 2, 2026
    Crafting Bharat – Season 3 launches its fourth episode featuring Vaibhav Tambe of TransBnk.
    June 2, 2026
    Gross and Net GST revenue collections for the month of May, 2026
    June 2, 2026
    India’s Seafood Exports Reach Record High of ₹73,890 Crore in FY 2025–26
    June 2, 2026
    Accounts of the Government of India for the Financial Year 2025-2026 (Provisional/Unaudited)
    June 2, 2026
    Monthly review of accounts of Government of India for April 2026 (FY 2026-27)
    June 1, 2026
    Kerala banking sector posts healthy growth; CM Satheesan calls for closer collaboration
    June 1, 2026
    Andhra logs best-ever May GST revenue of Rs 4,987 crore
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    June 2, 2026
    India, UK discuss sticking points delaying free trade pact rollout
    Show AI Summary
    Trade pact implementation faces delays as India and the UK address steel safeguards and carbon border measures.
    India and the UK discussed implementation issues delaying rollout of CETA, with particular concern over Britain's steel safeguard restrictions and proposed carbon border adjustment mechanism (CBAM). The talks focused on identifying the remaining sticking points and examining pathways for effective implementation of the trade pact. Britain's limits on tariff-free steel imports and the introduction of CBAM from 2027 are central to the market access concerns.
    June 2, 2026
    Following are the top foreign stories at 2030 hours
    Show AI Summary
    International developments span parliamentary disruptions, anti-corruption action, UN recognition, and immigration enforcement across several countries.
    Parliamentary proceedings in Nepal were adjourned after protests over border remarks, while other reported developments covered defence trade, anti-corruption action, UN appointments, peacekeeping recognition, online testimony in a disappearance case, condemnation of Hinduphobia and temple attacks, and immigration enforcement against Indian nationals working illegally as truck drivers.
    June 2, 2026
    Rupee falls 17 paise to close at 95.36 against US dollar
    Show AI Summary
    Rupee depreciation against the dollar reflects oil price pressure, dollar strength and foreign fund outflows amid RBI policy watch.
    The rupee depreciated against the US dollar amid higher global crude oil prices, a firm dollar, safe-haven inflows and foreign fund outflows. Market participants expected continued pressure from geopolitical tensions and elevated oil prices, while noting that peace talks could moderate the decline. Investors also watched the Reserve Bank of India monetary policy meeting for cues on currency movement, alongside broader market and macroeconomic developments.
    June 2, 2026
    At 22 pc, Haryana GST collection growth rate in May highest in country: State govt
    Show AI Summary
    State GST collections in Haryana lead the country, driven by strong revenue growth and efficient tax administration.
    Haryana reported the highest growth rate among states in state GST collections for May 2026, with a year-on-year increase of 22 per cent against the national average of 6 per cent. The state also ranked first in cumulative growth in state GST revenue for the first two months of 2026-27, with growth of 40 per cent over the comparable period of the previous financial year. The statement attributed the sustained increase to the growing economy of the state and efficient tax administration.
    June 2, 2026
    'Malicious actors' attempted to disrupt re-evaluation portal services: CBSE
    Show AI Summary
    Re-evaluation portal security and online filing rules shape CBSE's answer-book verification process for students seeking review
    CBSE reported cyberattacks on its re-evaluation portal and said the online facility for verification of issues in scanned answer books and re-evaluation of answers was available only to students who had obtained scanned copies of evaluated answer books. The portal required Aadhaar-based verification, permitted online-only submission and payment, allowed only one application each for verification and re-evaluation, and treated details as locked after the payment stage was initiated. The process covered specified scanning and evaluation issues, used a limited filing period, and communicated the request outcome after completion.
    June 2, 2026
    Chandigarh University Becomes India's First Private University to Establish 'IndiaAI Data Lab' in Collaboration with Intel India
    Show AI Summary
    Artificial intelligence and data science training expands through a new industry-linked lab, certifications and practical learning programmes.
    Chandigarh University established an 'IndiaAI Data Lab' in collaboration with Intel India to strengthen student employability through industry-relevant training in artificial intelligence, data science and emerging technologies. The lab is intended to function as a simulated apprenticeship and practical learning space for computing and computer science engineering students, with access to AI tools, real-world projects and hands-on exposure aligned with global industry standards. As part of the same partnership, the university launched MCA (Data Science) and BCA (Data Science) programmes in association with Intel India, with semester-wise Intel certifications to improve industry readiness.
    June 2, 2026
    India, US begin three-day talks to finalise details of trade pact
    Show AI Summary
    Trade agreement negotiations focus on tariff recalibration, market access commitments, and possible Section 301 trade action.
    India and the United States began talks to finalise an interim trade agreement and advance a broader bilateral trade agreement. The framework contemplates tariff reductions on US industrial and agricultural goods, proposed Indian purchases of US products over five years, and possible recalibration in light of changed US tariff conditions and the prospect of fresh action under the Section 301 mechanism.
    June 2, 2026
    Base Year of Wholesale Price Index Revised from 2011–12 to 2022–23
    Show AI Summary
    Wholesale Price Index revision expands coverage, updates methodology and introduces producer price indices for broader price measurement.
    Revision of the Wholesale Price Index base year from 2011-12 to 2022-23 has been approved, together with compilation and release of new Producer Price Indices. The revised WPI series, along with Output PPI, Trial Input PPI and Service PPI, is scheduled for release on 15 June 2026 and will replace the existing WPI series. The framework is intended to support transition from WPI to PPI, while allowing a five-year continuation of WPI for price escalation use before discontinuation.
    June 2, 2026
    Rs 2,004-crore homebuyer fraud: ED arrests 4 promoters for duping over 19,000 buyers
    Show AI Summary
    Money laundering investigation over alleged homebuyer fraud leads to arrests of real estate promoters and directors.
    Money laundering investigation under the Prevention of Money Laundering Act concerns an alleged homebuyer fraud involving a real estate group that reportedly collected about Rs 2,004 crore from more than 19,425 buyers and investors on promises of timely delivery of residential and commercial units and assured returns. Four promoters and directors were arrested in connection with the probe and produced before the special PMLA court, which granted custodial interrogation. The investigation was initiated on the basis of five FIRs and a criminal complaint filed by the Serious Fraud Investigation Office.
    June 2, 2026
    Rupee falls 10 paise to close at 95.29 against US dollar
    Show AI Summary
    Rupee depreciation against the US dollar weighs on sentiment as crude prices, dollar strength and fund outflows pressure the market.
    The rupee depreciated against the US dollar in interbank foreign exchange trading, closing lower amid rising crude oil prices, a firm dollar and foreign fund outflows. Market participants also watched the forthcoming Reserve Bank of India monetary policy meeting, while the USD/INR spot rate was expected to trade in a narrow near-term range.
    June 2, 2026
    CBSE opens portal for verification, re-evaluation of board exam answer sheets
    Show AI Summary
    Verification of answer books and re-evaluation portal opens for board exam students through a fully online process.
    CBSE opened an online portal for students with scanned copies of evaluated answer books to seek verification of issues in those copies and re-evaluation of answers. The process is available only online, requires Aadhaar-based login, permits only one application each for verification and re-evaluation, and must be completed within the stated timeline. The verification facility covers missing pages, blurred pages, missing supplementary sheets, incorrect answer books and similar issues, while re-evaluation may be sought for one or more questions across subjects.
    June 2, 2026
    JOY-N-CREW Vacations LLP Marks Three Years of Redefining Premium Group Travel in India
    Show AI Summary
    Premium group travel expansion drives curated tours, repeat customers, and Series A discussions for growth.
    JOY-N-CREW Vacations LLP is a Pune-based premium group travel company founded in 2022 and expanded to seven Indian cities. It reports serving over 5,000 guests, a 78% repeat customer rate, and a travel model built around curated international tours, cultural immersion, central accommodations, doctor-on-call support, and unhurried itineraries. The company has also entered premium educational travel and says it is in advanced discussions for Series A funding to support expansion, technology development, and a broader tour portfolio.
    June 2, 2026
    ED searches against Vedanta Group in FEMA case
    Show AI Summary
    Foreign exchange violation investigation under FEMA leads to searches at Vedanta Group premises amid regulatory scrutiny.
    Enforcement Directorate initiated a foreign exchange violation investigation under the civil provisions of the Foreign Exchange Management Act against Vedanta Group and conducted searches at its premises in Delhi, Rajasthan and other locations. The company said it was extending full cooperation, providing information sought, and remaining committed to compliance with applicable laws and regulations.
    June 2, 2026
    Crafting Bharat – Season 3 launches its fourth episode featuring Vaibhav Tambe of TransBnk.
    Show AI Summary
    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
    Gross and Net GST revenue collections for the month of May, 2026
    Show AI Summary
    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
    India’s Seafood Exports Reach Record High of ₹73,890 Crore in FY 2025–26
    Show AI Summary
    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
    Accounts of the Government of India for the Financial Year 2025-2026 (Provisional/Unaudited)
    Show AI Summary
    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
    Monthly review of accounts of Government of India for April 2026 (FY 2026-27)
    Show AI Summary
    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
    Kerala banking sector posts healthy growth; CM Satheesan calls for closer collaboration
    Show AI Summary
    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
    Andhra logs best-ever May GST revenue of Rs 4,987 crore
    Show AI Summary
    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.

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      CCI approves acquisition of Macquarie AirFinance by Dubai Aerospace Enterprise (DAE) Ltd through DAE Eirecam Designated Activity Company

      June 3, 2026

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      The Competition Commission of India (CCI) has approved the acquisition of Macquarie AirFinance Ltd. by Dubai Aerospace Enterprise (DAE) Ltd through DAE Eirecam Designated Activity Company.

      The proposed combination relates to the acquisition of Macquarie AirFinance Limited by Dubai Aerospace Enterprise (DAE) Ltd (through DAE Eirecam Designated Activity Company) from its current shareholders.

      Dubai Aerospace Enterprise (DAE) Ltd (Acquirer 1) is a globally active aircraft lessor headquartered in Dubai, serving customers in over 80 countries. DAE Eirecam Designated Activity Company is a downstream holding of Acquirer 1.

      Macquarie Air Finance Limited is also a globally active aircraft lessor headquartered in Dublin, serving customer in over 45 countries.

      Detailed order of the Commission will follow.

       

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