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June 4, 2026
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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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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