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    Rupee rises 50 paise to 95.24 against US dollar post RBI policy decision
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June 5, 2026
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Rupee appreciation after RBI policy as investment norms eased, repo rate stayed unchanged, and sentiment improved.
Rupee appreciation followed the RBI's monetary policy announcement after the central bank liberalised norms for FPI investment in government securities and raised the investment limit for Non-Resident Indians and Overseas Citizens of India in equity instruments. The Monetary Policy Committee kept the repo rate unchanged at 5.25 per cent with a neutral stance, while the RBI stated that its exchange-rate policy remains unchanged and that it does not target any specific rate or band for the rupee.
June 5, 2026
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GDP growth forecast revision reflects energy price pressures, supply disruptions, and geopolitical risks to economic activity.
The Reserve Bank revised down its real GDP growth projection for FY 2026-27 to 6.6 per cent, citing elevated energy and commodity prices, continued supply disruptions from the West Asia conflict, and broader risks from global supply-chain disruption, financial market volatility, and weather-related shocks. Domestic activity was described as broadly resilient, with manufacturing, services, consumption, investment, and exports holding up despite cost pressures, while the global outlook remains clouded by geopolitical tensions and foreign exchange volatility.
June 5, 2026
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Government securities tax exemption for foreign investors aims to attract long-term capital into sovereign debt markets.
Government foreign investment policy for government securities has been adjusted to attract long-term dollar inflows by exempting foreign institutional investors from long-term capital gains tax on investments in government securities through an Ordinance amending the Income Tax Act. The change is intended to make sovereign debt more attractive to patient foreign capital, particularly at a time of heavy foreign fund outflows from equities and pressure on the rupee.
June 5, 2026
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Rupee appreciation and RBI policy outlook drive market focus as India-US trade talks support sentiment.
The rupee appreciated in early trade against the US dollar as market participants awaited the Reserve Bank of India's monetary policy decision, with inflation, growth and currency stability under focus. Traders viewed 96.00 as a key resistance level for USD/INR and expected a cautious policy stance to support debt inflows and a possible move toward the 95.00-95.20 range. Encouraging India-US trade talks also supported sentiment and future capital inflows.
June 5, 2026
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RBI monetary policy decision lifts market sentiment as Indian equities trade higher amid mixed global cues and foreign selling.
Indian equity markets traded higher in early session ahead of the Reserve Bank of India's monetary policy decision. Market sentiment was shaped by expectations around the policy statement and the RBI Governor's message, alongside mixed global cues and continued foreign institutional investor selling.
June 4, 2026
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Land compensation fraud and money laundering allegations linked to highway acquisition triggered enforcement action under PMLA.
Money laundering investigation arose from alleged irregularities in compensation disbursement for land acquired for the Raipur-Visakhapatnam Economic Corridor under the Bharatmala project. The allegations state that land within the notified highway alignment was acquired and then fragmented into smaller plots to claim enhanced compensation from the National Highways Authority of India. The accused, along with family members and certain public servants, is alleged to have received compensation far in excess of the amount legitimately payable, generating alleged proceeds of crime that were later layered through shares, mutual funds and other financial instruments.
June 4, 2026
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Steel import restrictions delay India-UK trade deal implementation amid concerns over domestic industry protection and tariff commitments.
Steel import restrictions are being used as a protective trade measure against global overcapacity and the risk to domestic steel-making capability. The measures are linked to delays in implementing the India-UK Comprehensive Economic and Trade Agreement, while the treaty framework also includes whisky tariff liberalisation and continuing bilateral discussions on trade cooperation.
June 4, 2026
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Emergency national security authority is being used to support coal plants, exports and fossil-fuel power reliability.
Use of emergency national security authority is proposed to fund coal-fired power support, coal exports and related infrastructure, including support for existing coal plants, recommissioning of a plant, construction of new coal plants in Alaska and West Virginia, and development of a coal export terminal in California. The announced package is described as part of a broader federal effort to sustain coal capacity and extend the operation of fossil-fuel power plants past retirement dates in response to power-demand concerns.
June 4, 2026
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Trade agreement negotiations continue as India and the United States reaffirm commitment to strengthen bilateral trade and economic ties.
India and the United States reaffirmed their commitment to conclude a mutually beneficial trade agreement aimed at strengthening bilateral trade and economic ties. Chief negotiators completed four days of talks marked by cooperation and pragmatism, with discussions covering trade in goods, non-tariff measures, customs and trade facilitation, economic security alignment, and other areas of mutual interest.
June 4, 2026
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Flex-fuel vehicles and higher ethanol blends are reshaping India's fuel policy toward cleaner mobility and energy security.
Flex-fuel passenger vehicles have been introduced with technology that can run on ethanol-petrol blends ranging from E20 to E100 through an adaptive engine control system. The shift reflects India's broader move toward higher ethanol blending to reduce crude oil import dependence, strengthen energy security, lower carbon emissions, and support rural and biofuel-based economic activity. Proposed amendments to vehicle emission rules and the Central Motor Vehicles Rules, 1989, aim to widen the use of E85, E100, biodiesel, and hydrogen-CNG combinations.
June 4, 2026
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Psychological and religious coercion allegations drive chargesheet in TCS Nashik harassment and conversion case
Sexual harassment and alleged forcible conversion allegations at TCS's Nashik unit are reflected in the chargesheet filed in a case registered at Deolali Camp police station on a complaint by a 23-year-old employee. The document records statements that the accused used psychological and religious persuasion under the guise of reducing mental stress, including pressure to watch Islamic preaching videos, recite prayers, stop listening to Hindu devotional songs, visit temples less, and accept Islam. The victim further stated that one accused exploited her on the pretext of marriage and had obtained details of her bank accounts and UPI PIN.
June 4, 2026
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Foreign exchange market volatility lifts the rupee slightly as crude eases and policy expectations build.
The rupee appreciated modestly against the US dollar as easing global crude oil prices supported the currency, while heightened geopolitical tensions in West Asia limited sharper gains through safe-haven demand. Traders linked the exchange-rate movement to energy volatility, external risk sentiment and expectations around the upcoming monetary policy decision, with inflation, growth and the rupee under watch.
June 4, 2026
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Gold prices rebound on easing crude oil, while West Asia uncertainty and policy signals keep precious metals volatile.
Gold prices resumed their volatile movement and rose above the Rs 1.6 lakh per 10 grams mark as easing crude oil rates provided support. Silver extended losses for a second straight session, while market participants tracked West Asia uncertainty, tighter US monetary policy expectations, unresolved US-Iran negotiations, and the Reserve Bank of India's policy decision for further direction.
June 4, 2026
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Value-added millet exports gain momentum as APEDA facilitates a first sea shipment of botanical-infused foods to New Zealand.
APEDA facilitated the first-ever sea shipment of botanical-infused ready-to-cook millet functional foods from Karnataka to New Zealand, marking an expansion in India's value-added agri-food export basket. The export reflected rising international demand for innovative millet-based products and was linked to APEDA-supported trade promotion and business networking initiatives. The release highlights APEDA's role in export promotion through trade fairs, capacity-building and market development programmes, and notes the potential of value-added millet exports to support farmer incomes and strengthen the millet value chain.
June 4, 2026
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FEMA compounding mechanism resolves alleged foreign exchange contraventions through RBI order and ED no objection
Foreign exchange management proceedings were initiated for alleged contraventions of FEMA arising from transactions of significant value, and the company applied to the Reserve Bank of India for compounding under the statutory framework. The Enforcement Directorate issued a no objection, after which the Reserve Bank passed a compounding order and the matter was treated as compounded on payment of the prescribed monetary amount.
June 4, 2026
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Repo rate pause expected as inflation risks and growth concerns shape the central bank's cautious policy stance.
Monetary policy decision is expected to keep the repo rate unchanged, with the Reserve Bank adopting a cautious stance because the West Asia conflict is adding pressure to both inflation and economic growth. Market participants broadly expect a pause in rates at the upcoming Monetary Policy Committee meeting, though some foresee a modest increase, and many anticipate policy tightening later in the fiscal year if inflation risks intensify.
June 4, 2026
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Business research conference highlights trade resilience, artificial intelligence, BRICS and evidence-based policy for global competitiveness.
Global Business Research Conference 2026 at IIFT focused on managing business amid worldwide turbulence, with discussions on trade, manufacturing, innovation, technology, business education and evidence-based policy inputs. The programme included Directors' Conclaves, technical sessions across multiple management and policy disciplines, a special discussion on BRICS, a doctoral colloquium and awards recognising outstanding research contributions.
June 4, 2026
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Trade agreements and regulatory reform drive India's push for manufacturing growth, investor confidence and industrial infrastructure expansion.
India's trade and investment strategy was described as centred on expanding free trade agreements, investor outreach and market access, while supporting manufacturing growth, talent mobility and long-term capital flows. The address highlighted the Jan Vishwas Act 2.0, which decriminalized nearly 1,000 offences across central laws, and referred to the activation of four labour codes to simplify compliance. It also noted major infrastructure investment, the Bhavya Scheme for 100 industrial parks, and policy support for semiconductors, secure data infrastructure and data centre incentives.
June 4, 2026
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Monetary policy caution keeps equities flat amid West Asia tension, elevated crude and foreign fund outflows
Indian equity benchmarks ended almost flat in choppy trade as investors stayed cautious amid West Asia uncertainty, weak global cues, elevated crude prices and persistent foreign fund outflows. Benchmarks recovered from an early decline after buying emerged near key support levels, but sentiment remained subdued ahead of the monetary policy decision, with foreign institutional investors continuing to sell equities.
June 4, 2026
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Rupee depreciation on West Asia tensions keeps forex market cautious ahead of RBI policy decision
The rupee weakened against the US dollar amid heightened geopolitical tensions in West Asia, with traders citing energy-price volatility, safe-haven demand, elevated crude oil prices and firm US treasury yields as pressure points on the domestic currency. Market participants also tracked the Reserve Bank of India's Monetary Policy Committee meeting, with inflation, growth and the rupee under review and expectations that the policy rate may be left unchanged.

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CBSE says 3.8 million-packet DoS attack on website thwarted

June 4, 2026

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New Delhi, Jun 3 (PTI) The CBSE on Wednesday said it successfully thwarted a 3.8 million-packet denial-of-service (DoS) attack on its website, while over 56,000 applications for verification and re-evaluation were received till 9:30 pm.

“This afternoon a 3.8 Million packet Denial of service attack on the website was successfully thwarted,” the board said in an update posted on X.

The portal has accepted more than 56,000 applications for verification and re-evaluation as of 9:30 pm, it said.

“Our technical teams are proactively monitoring performance and introducing refinements to deliver a smoother, faster and more seamless experience for students," it said.

Payment gateways of State Bank of India (SBI), Canara Bank, Bank of Baroda and Indian Bank are available on the verification and re-evaluation portal, the CBSE said, adding that students are not required to have an account with these banks to complete the payment process.

In a post on X, the SBI said that its payment gateway with the CBSE has till now processed more than 40,000 payments successfully.

"Indian Bank is pleased to inform that the bank has successfully implemented a payment gateway solution for students of CBSE for making payments securely through UPI, internet banking, debit cards and credit cards of all banks. Over 5,000 customers having bank accounts with different banks have utilised our payment gateway to remit the fee so far,” the Indian Bank said.

In a post, Canara Bank said, “It is a pleasure for Canara Bank that our payment gateway services have been extended to CBSE for the benefit of students, enabling payments in a secured manner through UPI, credit & debit cards and internet banking supporting customers of all banks. Over 4,000 customers spanning different banks have utilised our payment gateway to deposit the fee so far.” Bank of Baroda said it has enabled a secure and seamless payment gateway facility for CBSE students.

"Students can conveniently make payments through UPI, debit cards, credit cards and internet banking. The facility is available to customers across banks. More than 7,500 transactions have been successfully processed through the bank’s payment gateway so far,” Bank of Baroda said.

"Students need not have an account with these banks to complete payment but can use any of these payment gateways to make payments," the CBSE said.

“Please rely on official CBSE communications for correct information,” the board added.

The portal was launched after a delay, with the CBSE having earlier said that applications for verification and re-evaluation of answer books were expected to begin by May 29.

The development comes following concerns raised by some students and parents over the on-screen marking (OSM) system used by the CBSE for its Class 12 board exams.

The board has faced criticism from students and parents over technical glitches, payment failures and access-related issues during the verification and re-evaluation process.

The CBSE on Tuesday opened the online portal for verification of issues observed in scanned copies of answer books and re-evaluation of answers for students dissatisfied with their Class 12 board exam evaluation.

According to the board, the facility is available only to those students who have obtained scanned copies of their evaluated answer books.

“The portal for applying for verification of issues observed in the supplied scanned copy of answer books and re-evaluation of answers was made live on June 2. Students can avail the facility if they are not satisfied with the evaluation,” the CBSE said.

The portal will remain open from till June 6 (midnight), and no offline applications or requests submitted after the deadline will be accepted.

Students will have to log in through the CBSE website using their Aadhaar number and submit applications online. The board said the entire process, including payment of fees, is being conducted digitally.

For verification of issues in scanned copies of answer books, students can report concerns such as missing pages, missing supplementary sheets, missing maps or graphs, blurred pages, incorrect answer books or evaluation against a different question paper set.

"Students are advised to ensure that all requests across subjects are included before final submission," the board had said.

The fee for verification of issues observed in supplied scanned copies of answer books is Rs 100 per answer book, while re-evaluation of answers will be charged at Rs 25 per question, it said.

"Students may submit only one application each for verification of issues/re-evaluation and are therefore advised to decide in advance whether to apply for one or multiple subjects," the board said.

Once the 'freeze and proceed to payment' button is clicked, the details will be locked and cannot be edited. Hence, students are advised to ensure that all details are correct, it said.

Applications will be treated as successfully submitted only after online payment is completed. It also said that only one application each for verification of issues and re-evaluation will be permitted.

“Students may also apply online for re-evaluation of one or more questions across one or more subjects by providing the required details, including question number, page number, as the case may be," the board said.

The CBSE said the outcome of the requests will be communicated after the completion of the process and advised candidates to submit their applications within the stipulated timeline.

A visual guide and a tutorial video have also been made available to help students complete the process, it said.

The CBSE had also said that “malicious actors” attempted to disrupt services on its re-evaluation portal through a barrage of cyberattacks, including a denial-of-service attack that caused 1.5 million hits on the platform within two minutes and more than one lakh attempts at unauthorised file access.

"While thousands of students accessed the CBSE re-evaluation portal today, malicious actors attempted to disrupt services through a barrage of cyberattacks," the board said on X on Tuesday.

The board said that based on student feedback, further improvements, including extended session time limits, have been implemented to enhance user experience.

"Our teams remain on constant watch to ensure a secure, reliable and student-friendly platform," it added.

The CBSE had said that Aadhaar-based verification was introduced for security reasons.

“For children who do not have Aadhaar, the Aadhaar details of parents, relatives or guardians may be used," the board said.

"In this case, the Aadhaar name, date of birth and gender must be of the person whose Aadhaar number is used," it added. PTI KSH GJS ARI ARI

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