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    CBSE OSM row: Congress seeks CBI probe into 'emerging scandal', Pradhan's resignation
    Likely moderation in economic activity; near-term growth outlook shows cautious resilience: FinMin
    Why India Imports 700+ Tonnes of Gold Every Year: Explained
    TECNO Pop X vs TECNO Pop X 5G – Which TECNO Phone Offers Better Value in 2026?
    NICDC Holds Workshop on BHAVYA Scheme and NTH–BIS Testing Infrastructure in New Delhi
    MCA facilitates Corporate Social Responsibility (CSR) through Zero Coupon Zero Principal Instrument by expanding the scope of Schedule VII of the Comp...
    RBI and State Bank of Vietnam Sign MoU on May 5, 2026 to Strengthen Digital Payments and Financial Innovation
    Secretary, Department Financial Services reviews performance of Public Sector Banks for FY 2025–26
    GST dept issues tax demand of Rs 124 cr to Spicejet, slaps showcause notice for delay in return filing
    Delhi HC rejects Pernod Ricard's plea against denial of L1 liquor licence
    CBSE detected around 20 answer-sheet mix-up cases on OSM portal: Sources
    Rupee rises 73 paise to close at 94.85 against US dollar
    CMRL files appeal in Kerala HC against order paving the way for ED probe
    Govt notifies two special economic zones in Puducherry
    Resilient Indian economy may face West Asia headwinds; El Nino impact likely on agri output: RBI
    Government Notifies Two New SEZs in Puducherry Following Approval by Board of Approval
    Department of Financial Services Launches Common Landing Portal for Unclaimed Financial Assets
    Best Fixed Deposit Rates in India: Why More Investors Are Choosing Equitas Digital FD in 2026
    IndiGo posts Rs 2,537 cr loss in Q4 on forex impact, challenging operating conditions
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    May 30, 2026
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    On-screen marking irregularities draw allegations of tender manipulation, with calls for a CBI probe and ministerial accountability.
    Congress leaders alleged serious irregularities in CBSE's introduction of the On-Screen Marking System for Class 12 exams and the award of the related contract. They questioned changes in tender conditions on bidder eligibility, turnover, capability standards, data-centre requirements, and blacklisting safeguards, saying these revisions may have favoured a particular vendor. They demanded accountability from the Education Minister and called for a full CBI probe and an independent judicial inquiry.
    May 30, 2026
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    Cautious resilience in India's macroeconomic outlook as external shocks, monsoon risk and inflation pressures demand policy agility.
    India's near-term macroeconomic outlook reflects cautious resilience amid likely moderation in economic activity, a below-normal monsoon risk, and persistent external and inflationary pressures. Domestic fundamentals remain broadly intact, supported by expansionary PMI readings, stable labour markets and foreign exchange reserves, while global headwinds from the West Asia conflict, elevated energy prices and tighter financial conditions continue to weigh on the outlook. Policy will need to remain agile across monetary, fiscal and structural dimensions to safeguard growth and keep inflation anchored.
    May 30, 2026
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    Gold exchange and import duty shape India's high gold import demand as consumers seek transparent valuation and lower cost buys.
    India's gold imports remain high because domestic supply cannot meet demand for jewellery, investment, and seasonal purchases. Gold continues to serve as a cultural asset and family savings instrument, so demand persists even when prices rise. Rising prices and import duty have encouraged more consumers to use gold exchange, with organised jewellers gaining trust by offering transparent weighing, purity testing, separate stone valuation, and clear exchange practices that reduce dependence on freshly imported gold.
    May 30, 2026
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    Budget smartphone comparison highlights 4G affordability, 5G performance upgrades, and flexible Easy EMI purchase options.
    TECNO expanded its budget smartphone lineup in India with the launch of the TECNO Pop X and TECNO Pop X 5G, positioned for different user needs and price segments. The standard model is an affordable 4G phone for everyday use, while the 5G model offers a larger display, stronger processor, improved camera system, bigger battery, faster charging, and dual 5G connectivity. Both phones are available through Bajaj Finance partner stores and may be purchased on Easy EMIs with flexible repayment tenures.
    May 30, 2026
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    Industrial park development gains focus as BHAVYA consultation outlines testing infrastructure, funding structure, and implementation-ready project planning.
    Strengthening implementation of the BHAVYA Scheme through stakeholder consultation focused on investment-ready industrial parks, quality infrastructure and testing facilities, including the role of National Test House and Bureau of Indian Standards in supporting product testing, certification, standards compliance and quality control orders. The consultation addressed the BHAVYA Scheme framework and implementation roadmap, including eligibility conditions, land requirements, SPV structures, funding provisions, monitoring arrangements and the framework for private developer-led industrial parks. Detailed guidance was also given on preparation and submission of Detailed Project Reports, project identification, land readiness, infrastructure planning, connectivity, utilities, institutional arrangements and documentation requirements.
    May 30, 2026
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    Corporate Social Responsibility through zero coupon zero principal instruments enables regulated funding for public welfare projects on social stock exchange.
    Corporate Social Responsibility has been expanded to include subscription to zero coupon zero principal instruments on the Social Stock Exchange, with Schedule VII widened to cover this activity. The CSR Policy Rules, 2014 now define Not for Profit Organization and Zero Coupon Zero Principal Instrument and prescribe conditions for implementation through such instruments under Rule 4A. The framework assigns project execution and evaluation to the NPO, requires issuance in accordance with Securities and Exchange Board of India regulations, and caps company expenditure on such instruments at ten per cent of annual CSR spend.
    May 30, 2026
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    Financial innovation and digital payments gain cross-border boost through India-Vietnam cooperation on QR code merchant payments.
    The Reserve Bank of India and the State Bank of Vietnam signed a Memorandum of Understanding to promote cooperation in financial innovation and digital payments, including information exchange, regulatory coordination, and payment system connectivity for cross-border QR code-based merchant payments. The framework contemplates joint programmes and projects, sharing of standards and best practices, and development of cross-border payment linkages subject to applicable laws and regulations.
    May 30, 2026
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    Public Sector Banks performance review highlights record profitability, stronger asset quality, digital lending, and unclaimed asset restitution efforts.
    Public Sector Banks were reviewed for business growth, profitability, asset quality, financial inclusion, digital lending, cyber resilience and operational risk management, with emphasis on governance, resilience and customer service. The review noted record aggregate business and net profit, with gross and net non-performing assets at historic lows, reflecting balance-sheet strengthening and prudent risk management. The meeting also highlighted efforts to trace and restitute unclaimed financial assets, launched a revamped multilingual and accessible Department of Financial Services website, and reviewed digital lending, grievance redressal, cost discipline and preparedness against global uncertainties.
    May 29, 2026
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    GST return compliance triggers provisional assessment, tax demand and proposed registration cancellation for persistent filing defaults.
    GST authorities initiated action for persistent non-filing and delayed filing of GST returns, leading to a provisional assessment of tax liability under the CGST and SGST framework. The department issued a tax demand based on repeated irregularities in return compliance and also proposed cancellation of GST registration through a show-cause notice. The matter concerns return-filing obligations, provisional assessment, tax demand, and registration-cancellation proceedings under GST law.
    May 29, 2026
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    L-1 liquor licence denial turns on whether pending money laundering prosecution can justify refusal under excise law.
    Wholesale liquor supply L-1 licence was denied on the basis of a pending money laundering prosecution. The challenge argued that, without conviction, there was no criminal background for licence denial under the Delhi Excise Act, and that discharge in the scheduled offence undermined the PMLA case. The High Court declined to interfere with the refusal and treated the pending prosecution as relevant to the licence applications.
    May 29, 2026
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    On-screen marking transparency faces answer-sheet mix-ups as CBSE reviews scanning quality and portal integration issues.
    Around 20 answer-sheet mix-up cases were reported in CBSE's first-time on-screen marking process, with students identifying mismatched scanned copies through the portal. The board later shared the correct answer sheets with affected students and treated the complaints as top-priority concerns in the revaluation process. Scanning-quality issues also led to rescanning of about 68,000 answer sheets, while a little over 13,000 still did not attain the required legible quality even after rescanning.
    May 29, 2026
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    Rupee strength against the US dollar gains support from softer crude, weaker dollar and improved US-Iran ceasefire sentiment.
    The rupee strengthened against the US dollar on improved market sentiment after optimism over a US-Iran ceasefire extension, lower crude oil prices and a softer dollar. Market participants also noted suspected central bank support, while attention shifted to the upcoming RBI Monetary Policy Committee meeting and its balance between currency stability and inflation management. Broader market conditions showed equity weakness, net foreign institutional selling and a decline in India's foreign exchange reserves.
    May 29, 2026
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    PMLA jurisdiction dispute over ED probe before scheduled offence and natural justice objections in appeal
    CMRL has filed an appeal challenging an order permitting the Enforcement Directorate to continue a PMLA investigation before a formal FIR or final report by the SFIO. The company contends that no scheduled offence existed when the probe began and that a later complaint could not retrospectively confer jurisdiction on the ED. It also raises a natural justice objection, alleging that additional affidavits were allowed after reservation and that it was denied an opportunity to respond.
    May 29, 2026
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    Special economic zones notified in Puducherry for IT/ITES and multi-sector development under the SEZ framework.
    The government has notified two special economic zones in Puducherry for development under the SEZ framework. One is an IT/ITES SEZ proposed by Oulgaret Municipality at Thattanchavady village in Oulgaret Taluk, and the other is a multi-sector SEZ proposed by the Pondicherry Industrial Promotion Development and Investment Corporation at Karasur village in Villianur Taluk. The proposals had already received approval from the Board of Approval for SEZs under the Department of Commerce.
    May 29, 2026
    Show AI Summary
    Macroeconomic resilience and inflation risks shape RBI's outlook amid West Asia tensions, monsoon dependence and El Nino concerns.
    India's growth outlook remains supported by strong macroeconomic fundamentals, private consumption, investment and public capital expenditure, even though the economy may face near-term headwinds from the West Asia conflict, elevated energy prices, supply chain disruptions, financial market volatility, uncertainty in global trade policies and weather-related disruptions. The agriculture sector remains dependent on the south-west monsoon, and El Nino conditions create downside risks to output. Inflation is expected to remain broadly aligned with target, though upside risks may arise from global fuel and commodity prices, input and wage costs, and exchange-rate volatility.
    May 29, 2026
    Show AI Summary
    Special Economic Zones in Puducherry expand industrial growth, investment, exports and employment through IT/ITES and multi-sector projects.
    Two new Special Economic Zones were notified in Puducherry after approval by the Board of Approval for SEZs under the Department of Commerce. One is an IT/ITES SEZ to be developed by M/s Oulgaret Municipality at Thattanchavady village in Oulgaret Taluk, described as the first SEZ in India to be developed by an urban local body. The other is a multi-sector SEZ to be developed by M/s Pondicherry Industrial Promotion Development and Investment Corporation at Karasur village in Villianur Taluk.
    May 29, 2026
    Show AI Summary
    Unclaimed financial assets portal launched to simplify access to bank deposits, insurance claims, shares and mutual funds.
    A Common Landing Portal for Unclaimed Financial Assets has been launched as a single unified online platform to facilitate citizen search and tracing of unclaimed bank deposits, insurance claims, shares, dividends and mutual funds across the financial ecosystem. The portal provides consolidated access to multiple search facilities relating to unclaimed financial assets and is intended to improve convenience, awareness and access to information.
    May 29, 2026
    Show AI Summary
    Digital fixed deposits combine competitive returns, paperless onboarding and Video KYC for resident investors seeking secure banking convenience.
    Competitive fixed deposit products are being marketed to depositors seeking stable returns, low-risk exposure, capital protection and digital convenience, with emphasis on RBI-regulated banking frameworks, paperless onboarding and online maturity management. The Equitas Digital Full KYC Digital Fixed Deposit is presented as a fully digital deposit option available through mobile-app onboarding and Video KYC, with deposit insurance coverage under the Deposit Insurance and Credit Guarantee Corporation framework.
    May 29, 2026
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    Rupee depreciation and operating disruptions weigh on IndiGo's performance, while capacity and income still rise.
    Rupee depreciation, challenging operating conditions, flight disruptions and changes in labour laws materially affected IndiGo's financial performance for the March quarter and the 2025-26 fiscal. The airline reported a net loss for the quarter and for the full year, while stating that its revenue and capacity still increased during the period. Excluding foreign exchange and exceptional items, it said it would have reported a profit, and it noted further expected capacity growth in the June quarter.
    May 29, 2026
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    Rupee internationalisation gains ground as import-export invoicing rises and fraud reporting remains a major banking concern.
    Rupee invoicing for imports and exports has increased over the years, reflecting a continuing process of INR internationalisation in trade transactions. The Reserve Bank's data indicates that wider use of the domestic currency in cross-border invoicing is being treated as mutually beneficial to trading partners. Banks and financial institutions have also reported a large number of fraud cases, underscoring continuing compliance and risk-management concerns within the financial sector.

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      Customs & Trade

      Target seafood exports worth USD 30 bn in next 5 years: Goyal

      June 5, 2026

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      Visakhapatnam, Jun 5 (PTI) Commerce and Industry Minister Piyush Goyal on Friday called for increasing seafood exports to USD 30 billion over the next five years, up from the current USD 8.5 billion.

      He also pitched for focusing on quality and manufacturing of value-added products to fetch good prices in international markets.

      "Let's target USD 30 billion in the next five years," he said here at the national workshop on seafood exports.

      He said the target can be achieved by focusing on increasing production and quality.

      India has finalised nine free trade agreements with developed nations in the last three and a half years, and it will provide greater market access for the sector, Goyal added.

      "Take India's fish across the world. Reduce import of raw shrimp and export value-added goods and build brands," he noted.

      Speaking at the event, Fisheries, Animal Husbandry and Dairying Minister Rajiv Ranjan Singh said there is a need to raise India's share in global fisheries exports.

      He said that efforts are underway to increase value addition in fisheries exports to maximise gains for exporters and small fishermen.

      Singh also called for the creation of infrastructure to promote exports from inland states, whose share is less.

      Despite high tariffs (55.8 per cent) by the US, India's exporters ensured a rise in exports to the EU, Japan, China, and Southeast Asia to offset any losses, he added.

      He also hinted that the National Fisheries Board will soon set up a regional office in Andhra Pradesh, the largest producer of fish and seafood exporter in India, with an aquaculture production of 55.39 lakh tonnes in 2025-26, and holds a 66 per cent share in shrimp exports.

      India's marine product exports reached a record Rs 73,890.46 crore (USD 8.45 billion) in 2025-26, with export volumes of 19.72 lakh metric tonnes, while the sector has set a target of achieving Rs 1 lakh crores in exports.

      The US and China continued to be the principal destinations for Indian seafood exports, while frozen shrimp retained its position as the flagship export product.

      Civil Aviation Minister Rammohan Naidu said the government is looking to double the number of airports to over 350.

      He added that there are plans to add more cargo airports in the country Naidu said that on the lines of One District One Product, the ministry is looking at developing one airport, one product.

      He also suggested reducing processing time for export consignments at cargo terminals. PTI RR BAL BAL

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