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    Govt hikes windfall tax on diesel, ATF exports
    ED interrogates TMC MP Abhishek for over 11 hours in primary school jobs scam case
    Electricity tariffs in Chhattisgarh hiked by 6.23 per cent, Congress calls it 'loot'
    India's engineering exports jump 24 pc to USD 12.31bn in May: EEPC
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    Sasken Technologies-Backed Team Clinches First-Ever Gold for India at European Girls Olympiad in Informatics 2026
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June 15, 2026
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Windfall gains tax on petroleum exports is revised to curb export incentives and protect domestic fuel availability.
Windfall gains tax on exports of petroleum products has been revised for the fortnight beginning 16 June 2026, with the special additional excise duty on diesel exports increased and the duty on aviation turbine fuel exports also raised. The levy on petrol exports remains unchanged, and the existing duty rates on petrol and diesel cleared for domestic consumption are unchanged. The stated purpose of the windfall tax is to support domestic availability of petroleum products by discouraging exports when international crude prices and geopolitical conditions create a price advantage for exporters.
June 15, 2026
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Money laundering probe over teacher recruitment irregularities focuses on fund trail, layered transactions, and intermediary entities.
Enforcement Directorate questioned a Trinamool Congress MP for over 11 hours in a money laundering probe linked to alleged irregularities in primary teacher recruitment. The agency focused on the money trail, financial documents, digital records, bank records and communication data to identify who handled the funds, how they moved through accounts and entities, and whether the transactions were layered to conceal their origin. The examination also covered intermediaries, beneficiary entities and inconsistencies between earlier submissions and recovered materials.
June 15, 2026
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Electricity tariff revision retains consumer concessions while raising rates across categories and adjusting rebates and surcharge terms.
Electricity tariffs in Chhattisgarh were revised upward by an average of 6.23 per cent across consumer categories from 1 July 2026, with the regulator stating that the revised tariff was approved to meet the estimated revenue requirement for the year. Several concessional and protective measures were continued for women's self-help groups, hospitals, tribal regions, agricultural pump connections, and other specified consumer classes, while the advance payment rebate and delayed payment surcharge were also revised.
June 15, 2026
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Engineering exports growth reflects resilience, trade facilitation and product diversification amid external market disruptions.
India's engineering goods exports showed strong growth in May 2026 and during April-May 2026-27, despite trade disruptions linked to the West Asia conflict. The sector's resilience was attributed to adaptability, government support and trade facilitation measures, while continued momentum was said to require focus on market conditions and product diversification.
June 15, 2026
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Money-laundering probe over homebuyer fraud leads to provisional attachment of developer and promoter properties.
Provisional attachment under the Prevention of Money Laundering Act was issued in a money-laundering investigation concerning alleged fraud against homebuyers by a real estate developer and its promoter. The attachment covered immovable properties of the company, the promoter, and family members, following multiple FIRs based on complaints by homebuyers. The investigation concerned funds collected from homebuyers for residential projects and alleged diversion of those funds to purposes other than development and completion of the promised projects.
June 15, 2026
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Industrial policy incentives drive manufacturing, innovation, start-up support and green growth under Gujarat's five-year development roadmap.
Gujarat's new industrial policy sets a five-year roadmap to attract investment, strengthen advanced manufacturing and innovation, and support inclusive industrial growth through differentiated incentives. It provides a flexible incentive framework for MSMEs, large projects, thrust sectors, start-ups and R&D centres, while also encouraging industrial relocation, green production and infrastructure support for housing, skill centres and modern industrial parks.
June 15, 2026
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Rupee gains on lower crude prices and weaker dollar as improved global risk sentiment supports the currency.
The rupee strengthened against the US dollar amid improved global risk sentiment following a reported US-Iran deal, a sharp fall in Brent crude prices, a weaker dollar and lower US Treasury yields. Market participants linked the currency move to reduced oil-import pressure, easing inflation concerns and a revival in domestic equity markets.
June 15, 2026
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Trade deficit widens as exports hit a six-month high, with petroleum imports, West Asia tensions and rupee depreciation shaping flows.
India's merchandise exports rose to a six-month high in May, while the trade deficit widened as import growth outpaced export growth, largely due to higher petroleum and gold imports and elevated crude prices. Export gains were led by electronic goods, petroleum products, engineering items and pharmaceuticals, while several sectors recorded negative growth. The report notes that exports to West Asia remained close to the previous year's level despite regional disruptions, and that easing geopolitical tensions and any reopening of the Strait of Hormuz would be positive for trade, shipping, freight stability and supply chains.
June 15, 2026
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Money laundering probe targets cryptocurrency Ponzi scheme using layered transfers, token manipulation and concealed property purchases.
Money laundering investigation under the Prevention of Money Laundering Act arose from an alleged cryptocurrency-based multi-level marketing scheme said to have induced public investment in Korvio Coin through assured returns, promotional events, token-value manipulation and a Ponzi-style repayment structure. The alleged operation used online platforms and foreign servers, with funds routed through bank accounts, fictitious firms and intermediaries, and a portion converted into cryptocurrency to obscure the trail.
June 15, 2026
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Comprehensive Partnership between India and Slovakia expands trade, mobility, defence and counterterrorism cooperation.
India and Slovakia elevated their bilateral relationship to a Comprehensive Partnership and agreed to deepen cooperation in migration, digital technology, defence, higher education, quantum communication, energy, and labour mobility. They also supported the early implementation of the India-European Union free trade agreement, welcomed a memorandum on labour migration, and agreed to work towards an early Social Security Agreement. The two sides further reaffirmed support for multilateral reform and strengthened counterterrorism cooperation.
June 15, 2026
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Soybean meal exports weakened as high prices and the West Asia crisis disrupted shipments to key markets.
Soybean meal exports declined sharply in May because Indian prices remained higher than those in major exporting countries and the West Asia crisis disrupted shipments. The reduction was attributed to weakened export competitiveness and the halt in supplies to Iran and the UAE, with exports to Kuwait and Oman also severely affected.
June 15, 2026
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Current account surplus rises on stronger services exports and transfer receipts, even as capital account shows net outflow.
India recorded a current account surplus in April, driven by higher services exports and increased net transfer receipts, even though the merchandise trade deficit remained elevated and imports exceeded exports. Preliminary balance of payments data showed a wider import bill, stronger export receipts, higher net services receipts, and a rise in net transfers compared with the corresponding month of the previous year. On the capital account, the month saw a net outflow, with foreign direct investment showing an increase and foreign portfolio investment recording a net outflow. The overall balance of payments consequently reflected a deficit for the month, while the preceding January-March quarter had shown a current account surplus measured as a share of GDP compared with the year-ago quarter.
June 15, 2026
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Comprehensive Partnership deepens India-Slovakia cooperation across trade, defence, labour migration and energy security.
India and Slovakia elevated their bilateral ties to a Comprehensive Partnership and finalised agreements covering labour migration, defence, digital technologies, higher education and quantum communication. The talks also focused on energy security, strategic cooperation and support for the earliest implementation of the India-European Union free trade agreement. Both sides endorsed orderly, safe and legal mobility of skilled professionals and agreed to work towards an early Social Security Agreement to support welfare and social protection for mobile workers.
June 15, 2026
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India's external trade growth trends show higher exports, rising imports, and expanding services surplus in May 2026.
India's external trade for May 2026 and April-May 2026-27 showed growth in merchandise and services exports, but imports also rose and trade deficits persisted. Total exports were estimated at US$ 81.96 billion in May 2026 and US$ 162.69 billion for April-May 2026-27, while imports were estimated at US$ 92.47 billion and US$ 182.83 billion respectively. Services exports, non-petroleum exports, and several commodity categories recorded positive growth, with petroleum products, engineering goods, chemicals, electronic goods, and gems and jewellery identified as major drivers of merchandise export growth.
June 15, 2026
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Insolvency and Bankruptcy Code reform advances focus on cross-border insolvency, creditor-led resolution, and technology-driven restructuring.
A national conference on India's restructuring ecosystem marked a decade of the Insolvency and Bankruptcy Code and highlighted institutional capacity building through the convocation of insolvency professionals. The discussions stressed coordinated judicial, regulatory and institutional action for timely and value-maximising resolution, with cross-border insolvency, the UNCITRAL Model Law, the Creditor-Initiated Insolvency Resolution Process, pre-packaged insolvency, ADR, distressed asset markets, rescue financing and technology-driven reforms identified as key areas of future development.
June 15, 2026
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Logistics modernisation drives the India Logistics Conclave 2026, spotlighting digital customs, infrastructure, and trade facilitation.
The Brihanmumbai Custom Brokers' Association will host the India Logistics Conclave 2026 in Mumbai on 17 June 2026 as its second flagship policy forum, bringing together government, ports, customs and industry leadership under the theme of logistics-led national development. The programme is positioned as a dialogue on India's trade-and-logistics ecosystem, including the Viksit Bharat 2047 roadmap, digital customs, geopolitical realignments, infrastructure delivery and the evolving role of licensed intermediaries. The conclave presents customs brokers and freight forwarders as front-line partners in trade facilitation and focuses on trade policy, infrastructure and logistics modernisation.
June 15, 2026
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Algorithmic excellence and STEM inclusion drive India's first-ever gold at the European Girls Olympiad in Informatics.
Sasken Technologies announced support for the Indian team that won India's first-ever gold medal at the European Girls Olympiad in Informatics 2026. The release links the achievement to the Indian Computing Olympiad ecosystem and highlights long-term support for algorithmic excellence, foundational computing skills, deep-tech talent, and the participation of young women in STEM.
June 15, 2026
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Wind energy capacity expansion and supply chain transparency drive India's domestic manufacturing and export competitiveness.
India's wind energy sector is being positioned for rapid capacity expansion, with the stated target of reaching 100 GW of installed wind capacity by 2030 and 155 GW by 2035. The sector has already crossed 56.1 GW of installed capacity and added a record 6.1 GW in FY 2025-26, while stakeholders have identified more than 100 GW as necessary for an affordable and sustainable energy transition. The industry is also described as supporting the broader Atmanirbhar Bharat objective through a resilient domestic supply chain and increasing manufacturing capability.
June 15, 2026
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Exports and imports data show higher trade deficit amid strong export growth and rising petroleum-driven imports.
Exports rose to a six-month high in May, while imports also increased, causing the trade deficit to widen on a year-on-year basis even though it eased slightly from April. Export growth was driven by electronic goods, petroleum products, engineering items and pharmaceuticals. For April-May 2026-27, exports and imports both recorded double-digit growth, leaving a larger cumulative trade deficit. Gold and crude oil imports rose sharply during the period, while exports to West Asia remained close to the previous year's level despite regional disruption.
June 15, 2026
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Luxury residential hospitality redefined through a private rooftop restobar, resident-exclusive experiences, and integrated lifestyle ecosystems.
Luxury residential development is being repositioned around experience-led amenities rather than apartment size alone, with Horizon introduced as a private rooftop restobar at the crown of Raheja Imperia-I in Worli. The concept is presented as a resident-exclusive social destination on the 60th floor, designed to enhance privacy, prestige and lifestyle value within a residential address. The project is also described as part of a broader portfolio strategy centred on integrated lifestyle ecosystems and collaboration with a hospitality operator.

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AU Small Finance Bank Brings a Range of Savings Accounts Built for Every Indian Customer

June 8, 2026

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Mumbai, Maharashtra, India – Business Wire India AU Small Finance Bank (AU SFB), India’s largest Small Finance Bank and the first in over a decade to receive in-principle approval to transition into a Universal Bank, today shared its full range of savings accounts built to meet the needs of every kind of Indian customer. AU Small Finance Bank's range of savings accounts — AU Digital, AU Royale, AU Royale World, AU Platinum, AU Value, AU Vikaas and others built for women, senior citizens, students, NRIs and salary earners— offers easy video KYC account opening, attractive savings account interest rates with monthly interest payouts, the AU 0101 mobile banking app, and range of Debit Cards empowered by RuPay, Visa, MasterCard. Empowering every Indian customer to pick the savings account that suits them best. Every Savings Account designed by AU Small Finance Bank is built around three simple things: easy digital account opening through video KYC, full banking on the AU 0101 mobile banking app, and a consistent, straightforward experience whichever account you choose. Customers can view the full range and select the savings account that best fits their needs on the official AU Small Finance Bank website. Open Your Savings Account from Home with Video KYC Customers can open a Savings Account from home using the AU 0101 mobile app & official AU Small Finance Bank Website. The full process, including video KYC, happens online, with no need to visit a branch. No paperwork to sign. No waiting in queues. Eligible customers get a working account within a short time. Customers can also view details such as savings account interest rate through official bank channels. This is how AU Small Finance Bank wants every new customer to start, quick, simple, and on their phone. The AU 0101 Mobile Banking App: Your Bank in Your Pocket The AU 0101 mobile banking app gives AU Small Finance Bank Savings Account customers everything they need from one place. Send money over UPI. Make IMPS, NEFT and RTGS transfers. Pay bills. Manage your debit card. Set up or cancel auto-debits. Download statements. View and use your AU Rewardz points. Every customer gets a Debit Card for shopping online, withdrawing cash at ATMs, and paying at stores with convenient management through the AU0101 app. A Savings Account for Every Kind of Customer AU Small Finance Bank's range covers a savings account for almost every type of customer. The Digital Savings Account is for those who want to do everything online. The AU Royale Savings Account and AU Royale World Savings Account are for customers looking for premium banking, with airport lounge access, a personal relationship manager and family banking benefits. The AU Platinum Savings Account is for customers who want a more rewarding banking experience with the benefit of extending the features up to 3 additional family members and flexibility of minimum balance maintenance within the group. The AU Vikaas Savings Account, AU NRI Savings Account, AU Women Savings Account, AU Senior Citizen Savings Account, and AU Kids Savings Account, are each built for a specific kind of customer, whether you are a student, a working professional, an NRI, a senior citizen, or a parent opening an account for your child. Why a Range, and Not Just One Account Indian customers want different things from a savings account. Some want premium banking with extras like lounge access and a relationship manager. Students and kids need accounts that match their age and stage of life. Working women look for features that fit how they manage money. Senior citizens value personal service. AU Small Finance Bank's savings account range is built to meet these different needs, while making sure every customer, whichever account they pick, gets a simple, friendly experience and the same easy access through the AU 0101 mobile banking app. What Customers Get • AU Digital Savings Account: Open online with video KYC. AU Platinum Debit Card and the AU 0101 mobile banking app from day one. • AU Royale and AU Royale World Savings Accounts: Premium banking with airport lounge access and a personal relationship manager (subject to eligibility and minimum balance) & more. • AU Platinum Savings Account: Extra features for customers who want more from their savings account (subject to eligibility and minimum balance) with benefit of extending the features up to 3 additional family members and the flexibility of minimum balance maintenance within the group. • AU Vikaas, AU NRI, AU Women, AU Senior Citizen: Savings accounts built for specific groups of customers. • Across the range: Easy online account opening, attractive rates on eligible balances, the AU 0101 mobile banking app, a savings account interest rate calculator and other helpful tools on the AU Small Finance Bank official website, a range of Debit Cards, and deposit protection under DICGC up to the prescribed limit per depositor per bank. About AU Small Finance Bank AU Small Finance Bank Limited (AU SFB) is a Scheduled Commercial Bank and has established itself as India’s largest Small Finance Bank since commencing its banking operations in April 2017. Founded in 1996 by Mr. Sanjay Agarwal, a first-generation entrepreneur, AU is entering its 10th year as a Bank, guided by a deep rooted “Dharma” of customer centric service. Over three decades, AU has built a sustainable and inclusive financial institution that empowers underserved and under reached communities through a robust retail led banking model. The Bank has received an in-principle approval from the Reserve Bank of India (RBI) to transition into a Universal Bank. With deep customer insights across India, AU provides comprehensive banking solutions spanning deposits, loans, credit cards, premium banking, remittance services, merchant solutions, insurance, and investments. As a tech led bank, AU delivers differentiated digital experiences through innovations such as 24x7 Video Banking, WhatsApp Banking, chatbots, UPI QR solutions, merchant lending, and its award-winning AU 0101 app. AU SFB’s wide network of 2,790 banking touchpoints across 21 States and 4 Union Territories enables service to more than 1.2 crore customers, powered by a workforce of 59,200+ employees. As on 31st March 2026, Bank had shareholders’ funds of INR 19,974 cr, deposit base of INR 1,52,661 cr, total loan portfolio of INR 1,40,327 cr and a balance sheet size of INR 1.9 Lac cr+. AU SFB is listed on NSE and BSE and its fixed deposits are rated ‘AA+/Stable’ by CRISIL Ratings. AU SFB’s long term debt rating is ‘AA/Stable’ by CRISIL Ratings, ICRA Ltd. and CARE Ratings. All AU Small Finance Bank Savings Accounts are offered subject to eligibility, internal policies, and applicable terms and conditions. Account features, monthly balance requirements, fees and other charges follow the bank's current policies and may be updated from time to time. Deposits are covered under the Deposit Insurance and Credit Guarantee Corporation (DICGC) up to the prescribed limit per depositor per bank. For account-specific details, please visit www.au.bank.in. Disclaimer: Savings Account interest rates are subject to change at the sole discretion of AU Small Finance Bank without prior notice. Please check AU Small Finance Bank Official website for latest savings account interest rates (Disclaimer: The above press release comes to you under an arrangement with Business Wire India and PTI takes no editorial responsibility for the same.). PTI PWR

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