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    PRESS RELEASE ON NEW SERIES OF WHOLESALE PRICE INDEX, AND PRODUCER PRICE INDICES WITH BASE YEAR 2022-23
    ED searches at 17 locations in corporate insolvency process case
    NIA Special Public Prosecutor Advocate Gautam Khazanchi Engages Galgotias Law Students on Bail Jurisprudence, Constitutional Safeguards and PMLA
    HIGHLIGHTS
    Iran war is a 'wake-up call' for Southeast Asia's energy sector, report says
    Kerala: ED questions CMRL MD''s wife, son in money laundering probe
    KYCKART Marks Five Years as Government Funded and Licensed Verification Infrastructure for Indian BFSI
    SC seeks responses of Centre, States on plea for use of Aadhaar as identity proof only
    China Shock 2.0: Surging Chinese exports threaten Europe's economy, raising concern at G7 summit
    Rupee rises 5 paise to 94.53 against US dollar in early trade
    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
    Homebuyers 'fraud' case: ED attaches fresh assets worth Rs 503 crore of Raheja Developers
    Gujarat govt unveils new industrial policy, targets Rs 10 lakh crore investment over 5 years
    Rupee rises 60 paise to settle at 94.58 against US dollar
    Exports rise to 6-month high of 18 pc in May; trade deficit widens to USD 28.21 bn
    Rs 500-cr crypto fraud: ED carries out raids, arrests one for laundering investor funds
    India and Slovakia elevate ties to comprehensive partnership, sign 11 pacts
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June 16, 2026
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Wholesale Price Index revision with base year 2022-23 expands coverage, updates methodology, and introduces new producer price indices.
Wholesale Price Index and Producer Price Indices are being revised with base year 2022-23, replacing the existing WPI series with base year 2011-12. The revised framework introduces a larger commodity basket, updated grouping of energy items, revised weight derivation using Gross Value of Output for WPI, short-term formulation for elementary indices, and targeted mean imputation for missing prices. Output PPI, trial Input PPI, and Service PPIs are also introduced, with monthly, experimental, and quarterly release schedules, respectively, and back-series data made available on the official portal.
June 16, 2026
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Corporate insolvency resolution process scrutiny deepens amid alleged circular transactions, fraudulent asset transfers, and voting-rights violations.
Enforcement Directorate searches were conducted at 17 locations in Maharashtra and Delhi in a money laundering investigation linked to alleged irregularities in a corporate insolvency resolution process. The probe concerns an allegedly fraudulent loan and other loans, and is aimed at gathering material on circular transactions, fraudulent takeover of stressed assets, under-valuation of auctioned assets, inflated and fraudulent claims, violation of creditor voting rights, and lack of transparency in the insolvency resolution process.
June 16, 2026
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Bail jurisprudence and Article 22 safeguards shaped a detailed discussion on PMLA, economic offences, and criminal litigation complexity.
Bail jurisprudence in criminal cases was discussed with emphasis on the constitutional balance between personal liberty and the interests of justice. The lecture explained the constitutional foundations governing bail, the evolution of judicial interpretation through precedent, and the principles considered by courts while granting or refusing bail in criminal proceedings. It also covered Article 22 safeguards, including protections relating to arrest, detention, legal representation, and procedural rights, and focused on the Prevention of Money Laundering Act, the Enforcement Directorate, stringent bail conditions, and the practical challenges of financial crime litigation.
June 16, 2026
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Aadhaar identity use questioned over alleged misuse as proof of citizenship, domicile and residential address.
A plea has challenged the alleged misuse of Aadhaar cards as proof of citizenship, domicile and residential address, seeking directions to limit their use strictly to identity verification. The matter concerns the permissible legal scope of Aadhaar-based identification and the need to prevent its use for purposes not authorised by the governing framework.
June 16, 2026
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Energy diversification becomes urgent as Southeast Asia confronts import dependence, price shocks and cleaner power transition pressures.
Southeast Asia's energy sector is exposed to supply and price shocks because of heavy reliance on imported oil and gas through the Strait of Hormuz. The report urges diversification of energy sources and supply routes, reduced dependence on imported fossil fuels, improved grid efficiency and greater investment in renewable energy, while noting rising rooftop solar use, electric vehicle sales and renewed interest in nuclear power.
June 16, 2026
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Money laundering probe over alleged sham payments and loans linked to CMRL, Exalogic, and family-associated companies.
Enforcement Directorate questioning continued in a money laundering probe concerning transactions between CMRL, Exalogic Solutions Private Limited, and entities linked to the Kartha family. The investigation concerns alleged payments by CMRL to Exalogic without corresponding services and loans extended by Empower India Capital Investments Private Limited to Exalogic despite alleged repayment defaults. The agency has stated that these transactions generated proceeds of crime, and the case has been registered under the Prevention of Money Laundering Act on the basis of a prosecution complaint filed by the Serious Fraud Investigation Office.
June 16, 2026
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BFSI digital verification infrastructure expands with licensed compliance tools, real-time fraud analytics and privacy-focused regulated deployment.
Integrated digital verification and fraud analytics platform for the BFSI sector scaled into a government and regulatory licensed compliance infrastructure serving banks, NBFCs, insurers and fintechs through a single API. The platform supports Digital Onboarding, Fraud Intelligence and Collections Intelligence using real-time verification, source-authenticated data and timestamped audit trails, with compliance-grade deployment in regulated environments. Its licensed expansion includes RBI Innovation Hub Data Service Provider status, Aadhaar Offline Verification Seeking Entity capability and Unified Logistics Interface Platform licensing, alongside privacy- and security-focused compliance under the Digital Personal Data Protection Act and its rules.
June 16, 2026
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Aadhaar identity proof limits sought amid concerns over misuse for citizenship, address and voter enrolment
Restriction on the use of Aadhaar as an identity document was sought on the ground that it is being treated as proof of citizenship, domicile, residential address and date of birth despite the statutory and regulatory position that Aadhaar is only proof of identity. The plea asserted that misuse of Aadhaar for school admission, property transactions and issuance of other documents, as well as in voter registration forms, undermines the intended scope of Aadhaar and permits inclusion of persons without adequate supporting documents in official records.
June 16, 2026
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China's export surge threatens European industry as leaders weigh higher tariffs and broader action against overcapacity.
China's export surge is shifting away from the United States tariff wall toward Europe and other open markets, raising concern that a new wave of import competition could disrupt advanced economies. European leaders are considering a stronger tariff response and broader coordination to address the trade threat, while the article links the pressure to China's dominance in world trade, its higher-value exports, and policies that encourage overproduction and suppress domestic consumption.
June 16, 2026
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Rupee strengthens as falling crude prices and easing Middle East tensions improve near-term currency sentiment.
The rupee strengthened in early trade as sharp declines in crude oil prices and easing Middle East tensions improved sentiment for the domestic currency. Traders said reduced pressure on global energy supplies, supportive foreign inflows, gains in domestic equities and a narrowing merchandise trade deficit all backed the near-term outlook for the rupee.
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.

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HIGHLIGHTS

June 17, 2026

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New Delhi, Jun 17 (PTI) Following are the top stories at 1 pm: NATION DEL39 UP-AKHILESH-SPLIT (4.14 PM)

Akhilesh trashes Rajbhar's claim of split in Samajwadi Party, says it remains strong Lucknow: Dismissing Uttar Pradesh minister Om Prakash Rajbhar's claim of an impending split in the Samajwadi Party, Akhilesh Yadav on Wednesday said the party remained strong and it was the BJP which had a history of “engineering” defections through inducements and pressure.

BOM26 MH-SENA (UBT)-2NDLD RAUT (4.26 PM)

Raut alleges MPs are being offered Rs 50 crore to defect, dares Sena (UBT) dissidents to resign first Mumbai: Amid heightened speculation about an imminent split in the Shiv Sena (UBT), party leader Sanjay Raut on Wednesday alleged that some MPs from Maharashtra were being offered Rs 50 crore to switch sides, and challenged dissidents to quit.

DEL43 CONG-RAHUL-STUDENTS (4.48 PM)

Might of state being deployed to sabotage Rahul Gandhi's student convention in Kota: Cong New Delhi: The Congress on Wednesday alleged that the full might of the state is being deployed to sabotage Rahul Gandhi’s student convention in Rajasthan’s Kota because the BJP and Prime Minister Narendra Modi are anxious that their “throne is tottering”.

DEL36 SPEAKER-TMC-LD ABHISHEK (4.05 PM)

TMC split: Speaker invites Abhishek Banerjee for meeting, TMC says got no communication yet New Delhi: Lok Sabha Speaker Om Birla on Wednesday invited Trinamool Congress leader Abhishek Banerjee for a meeting on June 19 to present his case on the split in the Mamata Banerjee-led party, parliamentary sources said.

DEL33 PAR-JP-SARANGI (3.37 PM)

Stakeholders support legislation to decriminalise politics: joint committee chairperson Sarangi New Delhi: The joint committee of Parliament examining the Constitution (130th Amendment) Bill, 2025, on removal of PMs, CMs and ministers from office if they are detained for over 30 days for serious crimes has received support and suggestions on the proposed legislation and found no resistance to its intent to decriminalise politics, panel chairman and BJP MP Aparajita Sarangi said on Wednesday.

DEL45 RAHUL-TELEGRAM-LD GOVT (4.56 PM)

Drop theatrics; strike at paper leak mafia, not students: Rahul to PM Modi on Telegram curbs New Delhi: Congress leader Rahul Gandhi on Wednesday slammed the government after it temporarily restricted access to Telegram, saying the "new trick" was akin to putting a lock on the victim's house instead of catching the thief.

BOM25 GJ-INDIA EXPORTS-BHADOO (4.11 PM)

India's exports hit record USD 863 billion in FY 26 amid West Asia turmoil and US tariffs: Official Ahmedabad: Despite global trade disruptions stemming from the West Asia conflict and the imposition of US tariffs, India's exports reached a record high of USD 863 billion in Financial Year 2025-26, a senior Commerce Ministry official said on Wednesday.

DEL31 AVI-NOIDA AIRPORT-CARGO (3.21 PM)

Noida International Airport begins freight operations with arrival of first cargo flight Noida: The Noida International Airport (NIA) began freight operations with the arrival of the first cargo plane on Wednesday, two days after starting commercial passenger flights on June 15.

DEL30 DEF-LD-PRODUCTION (3.07 PM)

India's annual defence production surges to Rs 1.78 lakh cr in 2025-26 New Delhi: India's annual defence production touched an all-time high of Rs 1.78 lakh crore in the financial year 2025-26, the defence ministry said on Wednesday.

LEGAL LGD6 SC-NEET (4.06 PM)

Justice Narasimha-led bench to hear plea concerning NEET-UG in July: SC New Delhi: A bench headed by Justice P S Narasimha will hear in July a plea challenging the decision to conduct NEET-UG 2026 re-test, the Supreme Court said on Wednesday.

LGD2 DL-HC-TELEGRAM (1.39 PM)

Telegram moves Delhi HC against govt's temporary ban order New Delhi: Telegram on Wednesday moved the Delhi High Court against a government order to temporarily restrict access to the messaging app ahead of the June 21 NEET-UG 2026 re-examination.

BUSINESS DEL20 BIZ-LD-TELEGRAM-RELIANCE (1.11 PM)

Telegram's Durov alleges Reliance link to India ban push; industry source calls claim 'fake news' New Delhi: Telegram founder and CEO Pavel Durov on Wednesday alleged that Reliance may have been involved in efforts to ban the messaging platform in India and accused an affiliate of disrupting Telegram's internet access outside the country, claims that an industry source dismissed as "fake news" based on confusion between two separate Reliance group companies.

FOREIGN FGN24 PM-G7-IMPACT (4.06 PM)

PM Modi pitches for setting up global framework to boost trade and connectivity Evian-Les-Bains (France): Prime Minister Narendra Modi on Wednesday pitched for setting up a global framework to boost cooperation on connectivity and trade by combining the strengths of the G7 nations, India and the Global South countries.

FGN19 PM-TRUMP (2.17 PM)

Trade, defence likely to figure at meeting between PM Modi, President Trump Evian-les-Bains : Prime Minister Narendra Modi and US President Donald Trump will hold wide-ranging talks on Wednesday, which are expected to focus on expediting sealing of the proposed bilateral trade deal and ways to boost cooperation in defence, energy and critical minerals sectors.

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