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    In a major reform, Government announces measures to deepen G-Sec market and facilitate greater Foreign Portfolio Investment (FPI) in equity segment
    Stock markets hold on to gains post RBI policy, measures to support rupee
    Forex reserve at healthy USD 682 bn, adequate to provide import cover for 11 months: RBI Guv
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    FREQUENTLY ASKED QUESTIONS (FAQs) ON BIS EXEMPTION
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    Maruti Suzuki unveils India's first flex-fuel car as govt pushes for greater ethanol mix in petrol
    TCS case chargesheet: Victim says she was made to watch videos of Pakistani Islamic clerics
    Rupee rises 2 paise to close at 95.74 against US dollar
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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
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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
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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
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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.
June 4, 2026
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Steel import restrictions delay India-UK trade deal implementation amid concerns over domestic industry protection and tariff commitments.
Steel import restrictions are being used as a protective trade measure against global overcapacity and the risk to domestic steel-making capability. The measures are linked to delays in implementing the India-UK Comprehensive Economic and Trade Agreement, while the treaty framework also includes whisky tariff liberalisation and continuing bilateral discussions on trade cooperation.
June 4, 2026
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Emergency national security authority is being used to support coal plants, exports and fossil-fuel power reliability.
Use of emergency national security authority is proposed to fund coal-fired power support, coal exports and related infrastructure, including support for existing coal plants, recommissioning of a plant, construction of new coal plants in Alaska and West Virginia, and development of a coal export terminal in California. The announced package is described as part of a broader federal effort to sustain coal capacity and extend the operation of fossil-fuel power plants past retirement dates in response to power-demand concerns.
June 4, 2026
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Trade agreement negotiations continue as India and the United States reaffirm commitment to strengthen bilateral trade and economic ties.
India and the United States reaffirmed their commitment to conclude a mutually beneficial trade agreement aimed at strengthening bilateral trade and economic ties. Chief negotiators completed four days of talks marked by cooperation and pragmatism, with discussions covering trade in goods, non-tariff measures, customs and trade facilitation, economic security alignment, and other areas of mutual interest.
June 4, 2026
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Flex-fuel vehicles and higher ethanol blends are reshaping India's fuel policy toward cleaner mobility and energy security.
Flex-fuel passenger vehicles have been introduced with technology that can run on ethanol-petrol blends ranging from E20 to E100 through an adaptive engine control system. The shift reflects India's broader move toward higher ethanol blending to reduce crude oil import dependence, strengthen energy security, lower carbon emissions, and support rural and biofuel-based economic activity. Proposed amendments to vehicle emission rules and the Central Motor Vehicles Rules, 1989, aim to widen the use of E85, E100, biodiesel, and hydrogen-CNG combinations.
June 4, 2026
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Psychological and religious coercion allegations drive chargesheet in TCS Nashik harassment and conversion case
Sexual harassment and alleged forcible conversion allegations at TCS's Nashik unit are reflected in the chargesheet filed in a case registered at Deolali Camp police station on a complaint by a 23-year-old employee. The document records statements that the accused used psychological and religious persuasion under the guise of reducing mental stress, including pressure to watch Islamic preaching videos, recite prayers, stop listening to Hindu devotional songs, visit temples less, and accept Islam. The victim further stated that one accused exploited her on the pretext of marriage and had obtained details of her bank accounts and UPI PIN.
June 4, 2026
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Foreign exchange market volatility lifts the rupee slightly as crude eases and policy expectations build.
The rupee appreciated modestly against the US dollar as easing global crude oil prices supported the currency, while heightened geopolitical tensions in West Asia limited sharper gains through safe-haven demand. Traders linked the exchange-rate movement to energy volatility, external risk sentiment and expectations around the upcoming monetary policy decision, with inflation, growth and the rupee under watch.

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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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