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    Target seafood exports worth USD 30 bn in next 5 years: Goyal
    Gold plunges to Rs 1.58 lakh/10g as inflation fear overshadows bullion demand
    Bajaj Finance Personal Loans with Repayment Flexibility of up to 9 Years
    Kerala HC dismisses CMRL appeal against ED probe
    RBI announces slew of measures to boost foreign capital flow
    India's economic situation strong, new measures to attract higher capital inflows: RBI Guv Malhotra
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    FREQUENTLY ASKED QUESTIONS (FAQs) ON FIIs EXEMPTION
    FREQUENTLY ASKED QUESTIONS (FAQs) ON BIS EXEMPTION
    Govt issues Ordinance to exempt foreign investments in G-secs from capital gains tax
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    RBI lowers FY27 GDP forecast to 6.6 pc on concerns over West Asia conflict
    Govt exempts foreign investments in G-secs from capital gains tax, issues Ordinance
    Rupee rises 11 paise to 95.63 against US dollar ahead of RBI policy decision
    Stock markets climb in early trade ahead of RBI's monetary policy decision
    ED arrests Chhattisgarh man in Raipur-Visakhapatnam Economic Corridor land compensation 'scam'
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June 5, 2026
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Seafood export growth strategy focuses on quality, value-added products, trade access, and stronger export infrastructure.
Seafood export policy is being pushed toward a higher-value, export-led model, with emphasis on raising production, improving quality, and expanding value-added processing. The stated objective is to expand seafood exports substantially over the next five years, while exporters are urged to reduce dependence on raw shrimp shipments and build branded value-added goods. Free trade agreements are expected to improve market access, alongside infrastructure support for inland states and export logistics reforms.
June 5, 2026
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Inflation concerns and higher rate expectations weigh on gold prices as the reserve bank raises its inflation outlook.
Gold prices weakened as elevated oil rates, geopolitical tensions in West Asia, and expectations of higher global interest rates ressed investor sentiment. Market participants also tracked the US dollar and upcoming US labour data for direction on bullion prices amid inflation concerns. The Reserve Bank of India raised its retail inflation projection for 2026-27, citing higher global energy prices feeding into domestic fuel costs, and lowered its FY27 growth expectation.
June 5, 2026
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Unsecured personal loans with flexible repayment, digital application, and eligibility-based pricing for varied financial needs.
Bajaj Finance Personal Loan is described as an unsecured lending product offering loan amounts from Rs. 40,000 to Rs. 55 lakh with repayment tenures of up to 108 months. The process is fully digital, with standard KYC and income documents required, while eligibility and interest rates depend on creditworthiness, income stability, debt obligations, and CIBIL score. An EMI calculator is provided to estimate monthly instalments, total interest, and total repayment before applying, and disbursement is stated to occur typically within 24 hours of approval, subject to verification and eligibility.
June 5, 2026
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Money laundering investigation power survives without a predicate FIR, as tax settlement immunity does not bar PMLA proceedings.
The Kerala High Court upheld the Enforcement Directorate's power to continue a money laundering investigation under the Prevention of Money Laundering Act despite the absence of a registered FIR or complaint for the scheduled offence at the stage of civil inquiry powers. It refused to quash the ECIR and summons, holding that such action is aimed at ascertaining the existence of proceeds of crime. The Court further held that immunity under the Income Tax settlement framework does not extend to PMLA proceedings or other central laws.
June 5, 2026
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Foreign capital access expands as investment limits ease, government securities widen and hedging support is extended for overseas borrowing.
Foreign capital inflows are being encouraged through wider access to government securities and equity instruments, along with the removal of several investment restrictions for overseas investors. The basket of specified government securities under the Fully Accessible Route is being expanded to include all new issuances of 15-year, 30-year and 40-year tenor G-secs, while short-term investment, concentration and individual security limits for Foreign Portfolio Investors under the General Route are being removed. Investment limits for Non-Resident Indians and Overseas Citizens of India in listed equity instruments are also being raised, and the facility is extended to all individual Persons Resident Outside India.
June 5, 2026
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Capital inflows and inflation outlook shape RBI policy, with rates unchanged and outflow restrictions ruled out.
The Reserve Bank of India said India's economic situation remains strong and that recent policy measures are expected to support higher capital inflows and a healthy balance of payments. No target has been set for inflows, and no measure is under consideration to restrict capital outflows. The 4 per cent inflation target remains operative, while the central bank said it would raise rates only if inflation becomes persistent and generalised.
June 5, 2026
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Foreign investment liberalisation expands equity access, revises G-Sec investment rules, and exempts certain G-Sec income from tax.
Foreign investment in Indian capital markets is being liberalised through measures intended to deepen the G-Sec market, expand access for individual Persons Resident Outside India and Foreign Portfolio Investors, and reduce operational and compliance frictions. Individual PROIs will be permitted to invest in equity instruments of listed Indian companies through the Portfolio Investment Scheme, with the individual investment cap raised from 5% to 10% in any company and the aggregate cap for all individual PROIs raised from 10% to 24%. The Foreign Exchange Management (Non-Debt Instruments) (Third Amendment) Rules, 2026 are being notified to implement this framework.
June 5, 2026
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Rupee support measures: RBI holds repo rate steady and offers tax, swap, and hedging incentives for foreign inflows.
The Reserve Bank of India kept the policy repo rate unchanged at 5.25 per cent and maintained a neutral stance while announcing measures to attract foreign capital and support the rupee. The package removed tax on interest income and capital gains for eligible foreign investors in government securities, broadened access to sovereign bonds under the foreign investment route, and provided concessional foreign-currency swap and hedging support for specified overseas borrowing and non-resident deposit arrangements.
June 5, 2026
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Foreign exchange reserves remain a strong buffer, with policy support aimed at orderly market conditions and balance of payments stability.
Foreign exchange reserves were described as healthy at USD 682.3 billion, with import cover of about 11 months and external debt coverage of 89.1 per cent. The reserves were presented as a strong buffer against external shocks, alongside the Reserve Bank's readiness to use regulatory and market-based instruments to preserve orderly market conditions if required. Policy support for the balance of payments was linked to measures such as trading partner agreements, full foreign direct investment in insurance, energy transition initiatives, easing of foreign direct investment restrictions, and liberalisation of the external commercial borrowing framework.
June 5, 2026
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Neutral monetary stance and capital-inflow measures support the rupee amid inflation and growth risks
Monetary policy remained unchanged as the Monetary Policy Committee kept the benchmark repo rate at 5.25 per cent and continued with a neutral stance, while adopting a data-dependent approach in view of elevated global risks. The Reserve Bank lowered its growth projection for the year and revised inflation expectations upward, while cautioning that energy shocks and supply pressures could feed into wages and inflation expectations. Measures were also announced to attract foreign capital and support the rupee, including tax relief for eligible foreign investors in government securities, concessional foreign-exchange swaps, and subsidised hedging costs for fresh FCNR(B) deposits.
June 5, 2026
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Inflation outlook rises as higher energy prices and input costs increase pressure on consumer price inflation.
Reserve Bank projected retail inflation for 2026-27 at 5.1 per cent, revising the earlier estimate upward because higher global energy prices are being passed through to petrol, diesel and other input costs. The statement said higher fuel prices are having a direct effect on headline inflation, with second-round effects likely to add further upward pressure on CPI inflation in the coming months.
June 5, 2026
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FII taxation on Government Securities is proposed to shift toward exemption for interest and capital gains.
Under the Income-tax Act, 2025, FIIs are taxed on income from securities and capital gains under a separate framework, with securities income taxable at 20%, short-term capital gains taxable at 30% or 20% depending on coverage under concessional provisions, and long-term capital gains taxable at 12.5%. The proposed ordinance seeks to exempt interest income from Government Securities and capital gains arising on their transfer or redemption, while explaining the role of listed and unlisted securities, the absence of Securities Transaction Tax, and the holding-period rules for classification as short-term or long-term capital assets.
June 5, 2026
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Government securities income exemption limits BIS tax relief to specified interest and capital gains from investment pool.
Income of the Bank for International Settlements from specified investments in Government Securities is proposed to be exempted under the ordinance. The exemption is confined to interest income earned from Government Securities and capital gains arising on transfer or redemption of Government Securities through the specified INR-denominated investment pool for central banks and official monetary authorities. It does not extend to all income earned by BIS in India or to other BIS operations.
June 5, 2026
Show AI Summary
Tax exemptions on government securities and expanded market access aim to boost foreign participation and capital inflows.
Tax exemptions were introduced on interest income and capital gains arising from the sale, exchange or transfer of government securities, extended to foreign institutional investors and the Bank for International Settlements, subject to prescribed information-reporting requirements. The amendment to the Income Tax Act was stated to take effect from 1 April through an ordinance under the President's ordinance-making power. The Reserve Bank of India also widened foreign participation in government and equity markets through additional access and relaxation measures.
June 5, 2026
Show AI Summary
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
Show AI Summary
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.

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Customs & Trade

India, Slovakia upgrade ties to comprehensive partnership; ink 11 pacts

June 15, 2026

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Bratislava, Jun 15 (PTI) India and Slovakia on Monday elevated their ties to a comprehensive partnership and firmed up 11 agreements to expand the bilateral cooperation in a range of areas such as migration, digital technology and defence following talks between Prime Minister Narendra Modi and his Slovak counterpart Robert Fico.

The two leaders also agreed to work towards the "earliest" implementation of the India-European Union free trade agreement that is expected to significantly shore up the bilateral economic engagement.

Modi is in Bratislava as part of his weeklong visit to Europe. It is the first visit to the European nation by an Indian prime minister.

"We have decided to elevate our relations to the status of a Comprehensive Partnership. This symbolises our shared beliefs, shared priorities, and shared future," he said in his media statement.

The comprehensive partnership aims to take bilateral relations to a new level, strengthen existing cooperation mechanisms and explore new avenues for deepening cooperation, both bilaterally and multilaterally.

The prime minister said he and Fico discussed ways to give a "new direction" to the ties.

Modi and Fico also agreed to enhance cooperation in the energy sector with a view to promoting energy security, sustainability and resilience through diversification of energy sources, including nuclear energy and geothermal power.

"Our potential is vast. Our aspirations are even greater. Automobile, railways, advanced manufacturing, and green technologies are areas of particular interest to us," he said.

"Today, we combined our strengths on all these issues and took several important decisions for the benefit of the people of both countries." Modi also said that the defence cooperation between India and Slovakia is a testament to the "deep mutual trust and strategic convergence" between the two sides.

A Letter of Intent was finalised on defence cooperation following the talks between the two leaders.

The prime minister said it will give new momentum for cooperation between defence industries of the two sides.

"India and Slovakia are also moving forward with close coordination on the global stage. We agree that all disputes and tensions should be resolved peacefully," he said.

"We also agree that global institutions need to redefine themselves to address the realities and challenges of the 21st century. We will work to strengthen global efforts in this regard," he added.

Modi also conveyed his appreciation to PM Fico for the cooperation Slovakia extended in finalising the India-EU free trade agreement.

"We will work towards its earliest implementation so that industries, startups, and traders of both countries can derive maximum benefit from it," he said.

In his remarks, PM Fico hailed the India-EU FTA, describing it as one of the "most ambitious" trade pacts ever signed.

"Slovakia not only welcomes this agreement, but it will take the necessary and practical steps for the implementation of this agreement," he said.

The agreements inked following Modi-Fico talks are set to provide for deeper bilateral cooperation in areas of labour migration, defence, digital technologies, higher education and quantum communication.

In the meeting, the two leaders, recognising the growing geopolitical, economic and technological importance of the Indo-Pacific, acknowledged the value of a stronger partnership between India and Slovakia in support of mutually beneficial cooperation, regional connectivity, open international trade, freedom of navigation, peaceful resolution of disputes, according to a joint statement.

Modi and Fico expressed support for the orderly, safe and legal mobility of skilled professionals and welcomed the signing of the Memorandum of Understanding on cooperation in the field of labour migration to facilitate mobility.

The two sides also agreed to work towards the early conclusion of a Social Security Agreement, which would contribute to safeguarding the welfare and social protection of working professionals engaged in mobility between India and Slovakia. PTI MPB GRS GRS

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