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    Exports register 6-month high growth of 18 pc in May; trade deficit widens to USD 28.21 bn
    Horizon: Pioneering the Future of Elevated Residential Hospitality
    Finalising NFL's tender to import 17 lakh tn urea; stock comfortable for Kharif season: Govt
    US Trade Representative to hold trade pact talks with Goyal next week
    SC to hear tomorrow plea seeking strict use of Aadhaar only as identity proof
    Wholesale inflation hits record high of 9.68 pc in May as fuel costs spike
    Rupee rises 47 paise to settle at 94.71 against US dollar
    AU Small Finance Bank Strengthens Customer-First Approach to Its Credit Card Range
    Exports up 18 pc to USD 45.2 bn in May
    Delhi's role important in showing efficiency, accessibility of digital governance: LG
    Kerala: ED questions CMRL MD''s daughter in money laundering probe
    WPI inflation rises to 9.68 pc in May as fuel, food, manufactured items see price spike
    TMC MP Abhishek Banerjee appears before ED for questioning in primary school jobs case
    More steps likely to attract foreign capital: Sitharaman
    India, UK discuss collaboration in tech, research, startups
    Rupee rises 58 paise to 94.60 against US dollar in early trade
    Goa Congress urges Sebi to withhold listing of Vedanta Iron and Steel Ltd
    Rupee-dollar fluctuations driven by global, domestic factors: Sitharaman
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    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.
    June 15, 2026
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    Fertiliser supply security remains comfortable as government finalises urea imports and reviews Kharif-season availability.
    The government said it is finalising imports of 17 lakh tonnes of urea to strengthen domestic supply while maintaining that fertiliser availability for the ongoing Kharif season remains comfortable. The Department of Fertilizers said stocks are above the usual level, domestic production and imports have supplemented supply after the West Asia crisis, and more than 50 lakh tonnes of urea and P&K fertilisers have been secured from multiple countries. The department also said subsidy bills are being paid weekly and adequate budget support is available.
    June 15, 2026
    Show AI Summary
    India-US trade talks advance as both sides seek to finalise an interim framework amid shifting tariff conditions.
    Interim India-US trade agreement discussions are scheduled to continue, with talks centred on finalising the framework deal and advancing the broader bilateral trade agreement. The framework covers trade in goods, non-tariff measures, customs and trade facilitation, economic security alignment and related areas of mutual interest. The article also notes that changes in the US tariff landscape may require recalibration of the agreement, while Section 301 investigations and a proposed tariff measure linked to forced labour remain under consideration.
    June 15, 2026
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    Aadhaar identity proof dispute seeks limits on its use for citizenship, address and voter registration verification.
    A public interest plea seeks directions to ensure that Aadhaar is used strictly as proof of identity and not as proof of citizenship, domicile, residential address or date of birth. The petition invokes the Aadhaar Act, the Representation of the People Act and Article 14 to challenge Aadhaar-based verification in new voter registration forms, and alleges that the existing electoral verification mechanism is inadequate. It also seeks a comprehensive overhaul of the framework and a monitoring committee to oversee reforms.
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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.

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      Corp. Laws / SEBI / IBC

      Farmers invited to join CJP stir as Jantar Mantar protest heads into third day

      June 21, 2026

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      New Delhi, Jun 21 (PTI) The Cockroach Janta Party (CJP) on Sunday invited farmer groups to join its demonstration over alleged examination irregularities and the NEET paper leak, with founder Abhijeet Dipke saying the protest at Delhi's Jantar Mantar will remain in place on Monday and is expected to draw larger participation.

      On the second day of the protest, Dipke sought support from farmer unions and reiterated the demand for Union Education Minister Dharmendra Pradhan's resignation.

      "The protest will continue tomorrow as well and the crowd is expected to increase as farmer unions have extended their support and will join us tomorrow," Dipke said, addressing the protest.

      He also alleged that Delhi Police personnel are seeking Aadhaar card details and addresses of people donating water and bananas to protesters at the site.

      "The Delhi Police is asking for Aadhaar card details and the addresses of people who are donating water and bananas at the protest site. What has the Delhi Police been reduced to by this government?" he said.

      Responding to the allegation, a senior police officer said security deployment would remain at the protest venue and authorities are closely monitoring the situation.

      "Deployment will continue at the Jantar Mantar protest site. We have all details about the protesters and no one will be allowed to breach law and order," the officer said.

      The officer added that the Aadhaar details of the protesters could be verified if required.

      Appealing to the farming community, Dipke said students had stood with farmers during their movements and now, they expect similar solidarity in return.

      "I appeal to farmers across India to come and stand with students at Jantar Mantar," he said, adding that students had supported farmers when they were fighting for their rights.

      By Sunday evening, hundreds of people had gathered at the protest site. Many supporters clapped, played daflis and sang "Mera Rang De Basanti Chola" while participating in the demonstration.

      In a series of posts on X, the CJP said, "We will not leave until Pradhan resigns and if government thinks exhaustion will end this movement, it is mistaken. This protest will only grow bigger." The CJP founder also appealed to the public to reach Jantar Mantar and asked NEET re-examination candidates to join the protest after completing their test.

      "We are holding the fort but without your support this movement won't be successful," he said.

      The protest had begun on Saturday afternoon under heavy police deployment, CCTV surveillance, barricades and the presence of security personnel equipped with body cameras.

      While police repeatedly announced on Saturday evening that the gathering had permission only till 5 pm and asked the protesters to vacate the site, Dipke and several supporters remained there through the night.

      The overnight sit-in continued on Sunday, with the protesters raising slogans demanding Pradhan's resignation and accountability over the alleged NEET paper leak.

      Earlier in the day, Dipke appealed to police not to stop people from reaching Jantar Mantar, saying the protesters are seeking justice for students affected by the examination controversy.

      He also requested authorities to restore water supply to public restrooms at the protest site, claiming that there is no water since Saturday night.

      The protesters had earlier alleged that lights were switched off and access to water, food and washrooms was restricted.

      They later said drinking-water access was restored and the lights were switched back on.

      Dipke said the protest will remain peaceful and reiterated his appeal for dialogue with the Centre, adding that talks can take place if accountability is fixed and the education minister resigns.

      Hundreds of supporters, mostly youngsters, gathered at Jantar Mantar on Saturday after Dipke's call to bring "thali and chammach", with the participants banging plates and spoons while raising slogans.

      Dipke has also demanded a compensation of Rs 1 crore each for the families of the students who allegedly committed suicide following the paper leak and cancellation of the medical-entrance examination.

      "If there are arrests, I will be the first to court arrest," he had told protesters.

      Climate activist Sonam Wangchuk, who joined the protest on Saturday, announced that he will go on a hunger strike on June 27 if Pradhan does not step down.

      This is the second protest organised by the CJP at Jantar Mantar over alleged paper leaks and demands for accountability from the government. PTI AO SHB BM SGV RC

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