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June 15, 2026
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Wholesale price inflation and producer price indices show energy shocks, a revised index base, and a shift toward PPI tracking.
Wholesale price inflation rose to a record high in May, driven mainly by sharp increases in fuel and power costs and other energy-linked inputs. The government revised the wholesale price index base year to 2022-23, expanded the WPI basket, and released producer price indices for the first time, including services PPI for selected service sectors. The stated objective is to track output and input price movements and gradually replace WPI data with PPI in line with global practice.
June 15, 2026
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Rupee appreciation gains support from softer crude, weaker dollar and improved risk sentiment after the US-Iran deal.
Rupee appreciation in the foreign exchange market was driven by improved global risk sentiment after a US-Iran deal eased geopolitical tensions and pushed down crude oil prices. A weaker US dollar, lower treasury yields and a sharp rise in domestic equity markets also supported the local currency, with traders noting that softer energy prices may ease inflation pressure and improve external balance conditions.
June 15, 2026
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Credit card disclosure and payment flexibility shape AU Small Finance Bank's customer-first card range.
AU Small Finance Bank's credit card range is structured around customer-first features, variant-specific rewards and spending patterns, with clear disclosure of interest rates, finance charges and fees. The cards offer multiple bill payment channels, including mobile banking, net banking, BBPS, UPI, NEFT, IMPS, auto-pay and assisted digital channels. Card benefits, eligibility, issuance, charges and terms remain subject to the cardholder agreement, internal policy and periodic review.
June 15, 2026
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Merchandise exports rise as imports climb further, widening the trade deficit in May.
Merchandise exports increased in May, while imports also rose, resulting in a larger trade deficit. Commerce ministry data showed exports at USD 45.2 billion and imports at USD 73.41 billion for the month. For April-May 2026-27, merchandise exports rose to USD 88.91 billion, reflecting growth over the corresponding period of the previous year.
June 15, 2026
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Digital governance and Aadhaar access are highlighted as key tools for making public services more efficient and inclusive.
Digital governance in Delhi should demonstrate efficiency, inclusivity and accessibility, with institutions adapting to rising expectations for transparency and service delivery. An Aadhaar Seva Kendra was inaugurated to improve access to Aadhaar enrolment, biometric updates and related services. The availability of operational Aadhaar centres is part of the broader effort to make governance more accessible and transparent for residents.
June 15, 2026
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Money laundering probe over alleged suspicious payments and loans linked to CMRL and associated entities.
Enforcement Directorate questioning was undertaken in connection with a money laundering probe involving Cochin Minerals and Rutile Limited, its associated entities, and persons linked to the Kartha family and Veena Vijayan. The probe concerns allegations that CMRL made payments to Exalogic Solutions Private Limited without receiving services in return and that related lending transactions were extended despite alleged repayment defaults. The agency has alleged that these dealings generated proceeds of crime and registered the case under the Prevention of Money Laundering Act.
June 15, 2026
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Wholesale price inflation surges as fuel, food and manufactured goods costs rise amid global energy pressures.
Wholesale price inflation rose to 9.68 per cent in May, driven by higher fuel and power, manufactured products, and food articles. The WPI inflation data was released with the base year revised to 2022-23 from 2011-12. Retail inflation also increased, while the Reserve Bank of India continued to focus on consumer price inflation for monetary policy and raised its inflation projection for the current fiscal year because of higher global energy prices and mounting input costs.
June 15, 2026
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PMLA money trail scrutiny drives questioning in the primary school recruitment probe, with financial records and digital evidence cross-checked.
Enforcement Directorate questioning in a PMLA probe into alleged irregularities in primary school recruitments focused on tracing the alleged proceeds of crime and the movement of funds through accounts and entities. The interrogation was to be videographed and cross-checked against financial documents, digital records and statements of other accused persons, with clarification sought on inconsistencies between earlier submissions and materials recovered during searches.
June 15, 2026
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Foreign capital inflows get tax and forex support through RBI swap facilities and concessional borrowing measures.
Measures to attract foreign capital included tax exemptions for foreign investors in government securities and RBI-backed swap facilities for banks and public sector undertakings. The framework allowed banks access to the FCNR(B) swap facility for currency risk management and offered a concessional forex swap facility to encourage external commercial borrowings, with currency hedging borne by the RBI as part of a calibrated approach to support market inflows.
June 15, 2026
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India-UK collaboration in innovation and technology advances alongside talks on trade pact implementation challenges.
India and the UK discussed strengthening bilateral collaboration in innovation, technology, research, startups, and emerging technologies. The meeting also covered issues linked to implementation of the free trade agreement, including British steel safeguard measures that have created obstacles to operationalising the pact.
June 15, 2026
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Rupee appreciation gains strength as softer crude, weaker dollar and easing energy tensions support the currency market.
The rupee strengthened in early interbank trade on the back of softer global crude prices, a weaker US dollar and firm domestic equity markets. Forex traders linked the appreciation to easing energy market pressure after the US and Iran finalised a peace deal expected to reopen the Strait of Hormuz and reduce global oil supply disruption concerns. Market commentary suggested an appreciating bias, while the broader context also noted net foreign institutional selling and a decline in India's forex reserves reported by the RBI.
June 14, 2026
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Disclosure obligations under LODR are challenged over alleged non-disclosure of contingent liability in a demerger listing.
Sebi was urged to withhold the listing of Vedanta Iron and Steel Ltd. pending full disclosure of an alleged contingent liability linked to Goa iron ore mining operations. The complaint alleged that Vedanta Ltd. failed to disclose the liability in demerger documents and stock exchange filings, raising possible breaches of LODR disclosure obligations concerning material information and contingent liabilities. The request also sought a show-cause notice, a bank guarantee in favour of the Goa government, and an independent inquiry into the demerger scheme.
June 14, 2026
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Rupee volatility and forex management are driven by global factors, while RBI intervenes only to curb excessive market swings.
Rupee-dollar fluctuations are driven by multiple global and domestic factors, including geopolitical uncertainty, foreign capital movements and import dependence on crude oil, fertilisers and gold. The Reserve Bank of India intervenes only to curb excessive volatility and stabilise the market temporarily, not to maintain a fixed exchange rate. The finance minister also linked exchange rates to global currency movements, foreign investment flows and foreign exchange management needs.
June 14, 2026
Show AI Summary
Fake identity documents and bank accounts allegedly used to run online fraud through a forged common service centre operation.
Alleged operation of a fake Common Service Centre and use of forged identity documents for opening bank accounts and facilitating online frauds. The activity was said to involve fake seals, fabricated records, debit and credit cards, mobile phones, and online payment platforms for illegal gains. A complaint linked to one bank account had earlier been registered on the National Cyber Crime Reporting Portal, and a case was registered under relevant provisions of the Bharatiya Nyaya Sanhita, the Information Technology Act and the Aadhaar Act.
June 14, 2026
Show AI Summary
Unauthorised absence as grave misconduct in RBI service discipline, with compulsory retirement sustained after repeated opportunities were ignored.
Unauthorised absence by a senior assistant of the Reserve Bank of India was treated as grave misconduct because prolonged absence from a responsible post was considered detrimental to public interest and capable of justifying disciplinary action. The employee had remained away from duty without permission, and repeated directions to resume work or submit a supported leave application were not met. The disciplinary process included a show-cause notice and enquiry, but several opportunities were given for participation, so the plea of breach of natural justice was not accepted.
June 14, 2026
Show AI Summary
Russian crude imports rise in India as refiners expand discounted purchases despite sanctions-related pressures.
India's purchases of Russian crude increased in May as refiners expanded imports of discounted barrels, with Russian hydrocarbons accounting for a substantial share of the country's fossil fuel imports. Several major refining hubs recorded higher Russian crude arrivals, reflecting renewed buying by state-run refiners and continued dependence on Russian supply despite sanctions-related pressures. The report also notes that refineries using Russian crude continued to export oil products to sanctioning countries, underscoring the continued circulation of Russian-origin crude through international refining and product-trade channels.
June 13, 2026
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Energy supply and fuel pricing remain comfortable as excise cuts, stock levels, and E85 expansion shape policy.
Energy supply conditions were described as comfortable, with no shortage of crude oil, LPG or natural gas and with stocks said to be sufficient for more than 60 days for crude oil and natural gas, and about 75-80 days for LPG. Fuel prices were said to have fallen in India after repeated reductions in central excise duty on petrol and diesel, while diesel sale capping was introduced to curb black marketing and E85 fuel infrastructure is being expanded.
June 13, 2026
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Aadhaar issuance restrictions tighten in Assam with adult applications curbed and limited exceptions requiring state approval.
Aadhaar cards are to stop being issued in Assam to persons above 18 years, subject to limited exceptional cases requiring a district commissioner's proposal and state government approval. Aadhaar issuance will continue for persons below 18 years and, for the time being, for members of the Tea Tribe community, Scheduled Tribes, Scheduled Castes and persons with disabilities who have not yet received the document; the restriction is stated to become absolute for those communities above 18 years from April 1, 2027. The State says the measure is aimed at preventing illegal immigrants from obtaining Aadhaar cards.
June 13, 2026
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Honorary Doctorate in Law recognition highlights a legal career marked by public service, complex litigation, and professional integrity.
Advocate Aashutosh Srivastava was conferred an Honorary Doctorate in Law by Washington Digital University, USA, in recognition of his professional dedication, legal service, public-oriented work, and commitment to justice, rights protection, and the rule of law. The article also records his legal career, including his practice since 2006, his firm, appearances before the Supreme Court and High Courts, and his work in complex litigation, economic offences, bail matters, enforcement proceedings, public interest litigation, and RBI-related disputes.
June 13, 2026
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Money laundering remand under the Prevention of Money Laundering Act granted to trace diversion of loan funds and offshore assets.
Custodial remand under the Prevention of Money Laundering Act was sought in an alleged diversion-of-loan-funds investigation involving Reliance ADA Group entities, offshore remittances, foreign bank accounts and the layering of funds. The court granted five days' custody to the Enforcement Directorate to enable confrontation with seized emails, electronic records, financial documents and witness statements for tracing the fund trail, identifying the ultimate beneficiaries and locating domestic and overseas assets, while directing arrangements for medical care.

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Customs & Trade

Electricity tariffs in Chhattisgarh hiked by 6.23 per cent, Congress calls it 'loot'

June 15, 2026

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Raipur, Jun 15 (PTI) The Chhattisgarh State Electricity Regulatory Commission (CSERC) on Monday approved an average increase of 6.23 per cent in electricity tariffs across all consumer categories from July 1, while retaining several concessions for women's self-help groups, hospitals, and tribal regions.

The opposition Congress criticised the move, accusing the BJP government of "looting" consumers.

The hike is significantly lower than the 24 per cent increase sought by the state power distribution company for the 2026-27 financial year, an official statement said.

The Commission said the revised tariff was approved to meet the estimated revenue requirement for the year.

While the distribution company had proposed an average cost of supply of Rs 8.40 per unit, the regulator approved Rs 7.13 per unit after detailed analysis. The average billing rate for 2026-27 has been estimated at Rs 6.71 per unit, which is 42 paise lower than the approved average cost of supply, it said.

Electricity tariffs for domestic consumers have been increased by 30-50 paise per unit, impacting around 60 lakh consumers in the state.

Rates for non-domestic consumers have been raised by 20-40 paise per unit, while tariffs for agricultural pump connections have gone up by 40 paise per unit.

The Commission retained a 10 per cent concession in energy charges for industrial and commercial activities operated by registered women's self-help groups.

Similar concessions have been retained for hospitals, nursing homes and diagnostic centres functioning in rural areas and in the Bastar and Surguja tribal development authority regions, it said.

A 25 per cent rebate on energy charges for mobile towers located in the Bastar and Surguja tribal authority regions has been continued. To encourage electric mobility, the tariff for electric vehicle charging stations has been fixed at Rs 7.13 per unit, equivalent to the approved average cost of supply.

The energy charge rebate for non-subsidised agricultural pump connections has been increased from 30 per cent to 40 per cent. Farmers will continue to be allowed to use up to 100 watts of power for lights and fans near agricultural pump installations, according to the statement.

The Commission also continued a 10 per cent concession in energy charges for poha and puffed rice mills under the LV-5 category.

The advance payment rebate has been reduced from 1.25 per cent to 0.75 per cent and will now be available only to consumers sourcing their entire electricity requirement from the distribution company.

The delayed payment surcharge has been revised from 1.5 per cent per month to 0.04 per cent per day, it said.

State Power Distribution Company Managing Director Bhim Singh Kanwar said the Chhattisgarh State Electricity Regulatory Commission, while announcing electricity rates for the year 2026-27, has kept many provisions providing relief to consumers intact.

He stated that beneficiaries of the M-URJA (Mukhyamantri Urja Rahat Jan Abhiyan) scheme would continue to receive relief, and the impact of the tariff hike on low-income households would remain limited.

Consumers using up to 400 units of electricity and availing the half-bill benefit on 200 units would see an average increase of only 15-20 paise per unit, he said.

Kanwar further said the tariff increase would not affect farmers because the additional burden on agricultural pump connections would be borne by the state government through subsidies.

He also claimed that power tariffs in Chhattisgarh remain lower than those in neighbouring states such as Jharkhand, Madhya Pradesh and Maharashtra.

Student hostels, both government-run and private, located in the Bastar and Surguja tribal development authority regions, would now be billed under the domestic category instead of the commercial category, providing additional relief, he said.

Consumers in domestic and non-domestic categories with sanctioned loads above 10 kilowatts will also receive a rebate of 20 paise per unit on electricity consumed during off-peak hours between 9 am and 5 pm, he added.

State Congress communication department chairman Sushil Anand Shukla alleged that the government's power department was "looting consumers in the name of electricity bills" and noted that this was the fifth tariff increase since the BJP came to power (in 2023).

"The government has increased rates for domestic, commercial and agricultural consumers. People have already been struggling with exorbitant electricity bills, and instead of providing relief, the government has increased tariffs," Shukla said.

He alleged that electricity bills have risen three to four times in recent months and claimed that consumers were receiving different online and offline bills.

He also accused the power utility of increasing contracted load capacities without consumer consent and imposing penalties based on higher loads linked to smart meter readings.

More than 45 lakh consumers received electricity bills in June that were nearly three times higher than normal, he claimed.

"People are bearing the brunt of inflated power bills and power cuts. The government is unable to provide round-the-clock electricity and is simultaneously sending arbitrary bills to consumers," he alleged. PTI TKP NSK

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