PolicyDhara

Tax cut on low-alcohol beverages: CPI(M) alleges it benefits liquor firms, govt rejects charges

What key economic indicators have been revised? Why was an overhaul of the databases necessary? What changes were made to the national accounts and GDP estimates? How has the measurement of industrial output been improved? What changes have been made to India’s inflation indicators?

The CPI(M) leader says Chief Minister V.D. Satheesan who had talked at length about resource mobilisation in his podcasts do not have any such measures spelled out in the Budget

“It is important to recall that for the past 24 years, my government ensured that pensions were distributed regularly on the 15th of every month, observed as ‘Jan Seva Diwas,” says Naveen Patnaik

According to the Budget, necessary legal amendments will be made to make more land available for tourism in the plantation sector

Revised Budget backtracks from welfare policies followed by the previous Left Democratic Front government, he says

Committed expenditure is projected to exceed ₹1.22 lakh crore in 2026-27, with salaries, pensions and interest payments consuming nearly three-fourths of Kerala’s revenues

Mr. Shivakumar said the employment potential of the coastal region should be expanded further and called for greater focus on economic growth through tourism.

Hospitals running out of cancer drugs and other life-saving medicines, dialysis filters, insulin, surgical supplies, says Abu Shawesh

Currently serving as secretary, Ministry of Culture, Vivek Aggarwal is recognised for his expertise in fiscal management, public administration and policy implementation.

Uddhav Thackeray, who lost Shiv Sena's original name and the symbol in 2022, has rejected the rebel MPs' claim that they feared a Congress merger

This is the third crisis in Maharashtra after vertical splits in the Shiv Sena and the Nationalist Congress Party in 2022 and 2023.

LM Thapar inherited one of India's largest business groups, but as liberalization reshaped the economy, old relationships and old instincts proved harder to reinvent.

The Mumbai bench of the National Company Law Tribunal (NCLT) has admitted an insolvency petition filed by Paytm's owner One97 Communications Ltd, against gaming company Fabzen Technologies Pvt Ltd over unpaid digital advertising dues of more than ₹3.41 crore [One97 Communication Ltd v. Fabzen Technologies Pvt Ltd].By its June 18 order, the NCLT has initiated the corporate insolvency resolution process (CIRP) against Fabzen, which operates games such as Ludo Empire, Callbreak Empire and Skill Pat

Recent downpours forced the KWA subdivision to reduce water supply from the JICA drinking water project for nearly a week. Continuous intake of highly turbid water led to heavy siltation in the treatment plant’s filter beds, causing widespread shortages in dependent areas

Stakeholders highlight both its growth focus and concerns over implementation and fiscal impact

Investigation disclosed that the man had lost between Rs 50 lakh and Rs 60 lakh in the stock market and options trading and was heavily in debt.

The judge noted that "a woman undergoing pregnancy and thereafter caring for a newborn child cannot be placed on the same footing as an ordinary student for the purpose of strict application of academic timelines.

As Shiv Sena turns 60, fresh turmoil brews as six MPs from Uddhav Thackeray camp seek a split, adding to the party's long history of rebellions.

Union hone minister and BJP leader's declaration caps a split years in the making, even as allegations of Centre's ruling party “buying” MPs fly

Bal Thackeray, a cartoonist, was often portrayed as a roaring tiger — logo of the Shiv Sena he founded. Factions are fighting also citing dogs and loyalty.

The export strengthens India’s presence in European markets and is expected to boost Odisha’s agro-processing ecosystem while encouraging further investment in processed food exports

The outlook period is from 2026 to 2050

Rijiju defended the project, alleging opposition to India’s growth, highlighted economic resilience, dismissed fake news, and said the islands are key to Viksit Bharat 2047

Aggarwal was earlier an additional secretary in the Finance Ministry and Head of the Indian Delegation to the FATF

Governor Ravi in his 20-page address, commended the State government’s decision to strengthen border infrastructure and provide land to the BSF for erecting barbed-wire fencing along the W.B.- Bangladesh border

The action comes amidst speculation that the party is set to split again; one of the MPs, Omraje Nimbalkar, still undecided; rebels to meet Shiv Sena chief Eknath Shinde on June 21, but merger unlikely this week

Net corporate tax collection rose 22% to ₹2.08 lakh crore, and mop-up from net non-corporate tax, which includes taxes paid by individuals, HUFs, firms, grew 8% to about ₹2.94 lakh crore till June 17

One of these applications even analyses factors that cause market volatility—such as geopolitical developments, regulatory changes, and macroeconomic shifts—allowing Deutsche Bank globally to eliminate or minimise portfolio risk

“Energy reforms especially in renewable energy, become important particularly in the context of the increased geo-political risk and their spillovers into the economy”

West Bengal's new BJP government presents its maiden budget on 22 June with a rare chance to reverse decades of economic decline driven by capital flight, fiscal stress and weak investor confidence. 

The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹16,900 Crore (Face Value). Sr. No. State/UT Amount to be raised (₹ Crore) Additional Borrowing (Greenshoe) Option (₹ Crore) Tenor (Year) Type of Auction 1. Bihar 1200 - Re-issue of 7.69% Bihar SGS 2035, issued on April 29, 2026 Price 1200 - Re-issue of 7.84% Bihar SGS 2041, issued on May 27, 2026 Price 2. Chhattisgarh 500 - Re-issue of 7.68% Chhattisgarh SGS 2036, issued on

On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on Monday, June 22, 2026, as under: Sl. No. Notified Amount(₹ crore) Tenor (day) Window Timing Date of Reversal 1 1,25,000 1 9:30 AM to 10:00 AM June 23, 2026(Tuesday) 2. The operational guidelines for the auction will be same as given in Reserve Bank’s Press Release 2021-2022/1572 dated January 20, 2022.Ajit Prasad

The Reserve Bank of India (RBI) has, by an order dated June 18, 2026, imposed a monetary penalty of ₹6.20 lakh (Rupees Six Lakh Twenty Thousand only) on Five Star Business Finance Limited (the company) for non-compliance with certain provisions of ‘Reserve Bank of India (Know Your Customer (KYC)) Directions’ and the directions issued by RBI on ‘Fair Practice Code’. This penalty has been imposed in exercise of powers conferred on RBI under Section 58G(1)(b) read with

Reserve Bank of India announces the auction of Government of India Treasury Bills as per the following details: Sr. No. Treasury Bill Notified Amount (₹ crore) Auction Date Settlement Date 1 91-Day 12,000 June 24, 2026 (Wednesday) June 25, 2026 (Thursday) 2 182-Day 6,000 3 364-Day 6,000   Total 24,000     The sale will be subject to the terms and conditions specified in the General Notification F.No.4(2)-B(W&M)/2018 dated March 26, 2025, issued by Government of India, as

The Reserve Bank of India (RBI) has, by an order dated June 18, 2026, imposed a monetary penalty of ₹2.70 lakh (Rupees Two Lakh Seventy Thousand only) on Can Fin Homes Limited (the company) for non-compliance with certain provisions of the directions issued by RBI on ‘Fair Practices Code’. This penalty has been imposed in exercise of the powers conferred on RBI under Section 52A of the National Housing Bank Act, 1987. The statutory inspection of the company was conducted by Nat

The Reserve Bank of India (RBI) has, by an order dated June 18, 2026, imposed a monetary penalty of ₹3.10 lakh (Rupees Three Lakh Ten Thousand only) on Pahal Financial Services Private Limited (the company) for non-compliance with certain provisions of the 'Reserve Bank of India (Know Your Customer (KYC)) Directions' issued by RBI. This penalty has been imposed in exercise of powers conferred on RBI under section 58G(1)(b) read with section 58B(5)(aa) of the Reserve Bank of India Act, 1934

[Under Section 45ZL of the Reserve Bank of India Act, 1934] The sixty first meeting of the Monetary Policy Committee (MPC), constituted under Section 45ZB of the Reserve Bank of India Act, 1934, was held during June 3 to 5, 2026. 2. The meeting was chaired by Shri Sanjay Malhotra, Governor and was attended by all the members – Dr. Nagesh Kumar, Director and Chief Executive, Institute for Studies in Industrial Development, New Delhi; Shri Saugata Bhattacharya, Economist, Mumbai; Professor R

The BJP is investigating cross-voting by its MLAs during Karnataka's Legislative Council elections, where Congress secured five seats and BJP only two.

The TMC has assets worth ₹1,081.78 crore, according to the 2024-25 audit report submitted with the Election Commission. This includes ₹625.78 crore is in bank accounts besides ₹250.77 crore in investments and ₹50 crore in cheque.

The project, which is expected to generate around 15,000 employment opportunities, is among a series of development initiatives approved for the Trikaripur constituency

Jio is evaluating the development of a sovereign Low Earth Orbit satellite constellation for India, he said

The 30-share BSE Sensex dropped 607.08 points, or 0.78%, to settle at 76,802.90 and the 50-share NSE Nifty declined 154.90 points, or 0.64%, to end at 24,013.10

From the 30-Sensex firms, Infosys dived over 8%, Tata Consultancy Services tumbled 6%, Tech Mahindra traded 5% lower and HCL Tech declined 4.9%. HDFC Bank and Tata Steel were also among the laggards

At its board meeting, the regulator has decided to reintroduce open-market share buybacks through stock exchanges with a faster execution timeline

“This is a deeply emotional moment for me, for the entire Reliance Family, and millions of its shareholders,” Mukesh Ambani said

Infosys dipped the most (7.7%) among its peers. TCS, LTM, and Tech Mahindra fell nearly 5%. Oracle (OFSS) is the only stock traded in the positive territory

Sanjiv Ranjan, IORA’s Secretary-General, said member states could benefit from Canada’s inclusion into the fold considering its expertise in varied maritime domains.

The state is also expected to strengthen checks on UPI-linked and payment bank accounts following reports of misuse through certain digital banking platforms.

The controversy has entered a complicated phase because there are now two competing narratives backed by separate sets of forensic findings.

The development has further fuelled speculation of a split in the Uddhav Thackeray-led faction as it comes a day after the six MPs skipped a key party meeting.

Aaditya Thackeray launched a sharp attack on 'rebel' MPs, calling them "shameless, ungrateful, and corrupt individuals".

TMC split news highlights: Abhishek Banerjee, Kalyan Banerjee and Mahua Moitra are among the TMC leaders part of Team Mamata Banerjee who held a meeting with Lok Sabha Speaker Om Birla over the proposal by a rebel faction of 20 MPs to merge with a party called NCPI and support the NDA.

RBI panel backs policy pause, citing rising inflation pressures, slowing growth and external shocks from West Asia conflict

Budget carrier begins drawing down government-backed emergency credit line as it looks to strengthen liquidity

Voluntary pledge of gold and silver as collateral for agriculture loans up to the collateral-free limit will not be considered as a violation of the guidelines on collateral-free lending to the farm sector

The company expects its core system integration business to remain the primary revenue driver, while its indigenous product portfolio gradually scales up

The increase was widely expected as the ruling United Democratic Front (UDF) had promised a higher support price for rubber in its election manifesto.

Striking employees allegedly prevented buses from leaving the depots, forcing commuters to rely on alternative modes of transport, such as autorickshaws, taxis, app-based cabs and the Metro, to reach their destinations during the morning rush hour

While upholding the Central government's decision to temporarily block Telegram, the Delhi High Court on Friday ruled that the government can block access to an entire application or a platform under Section 69A of the Information Technology Act, 2000 (IT Act). The provision lays down the procedure for blocking public access to any "information" through any computer resource in the interests of national security, sovereignty, public order, or related concerns, following prescribed procedures and

The Delhi High Court recently observed that it cannot invoke its writ jurisdiction to issue directions to dictate how the National Company Law Tribunal (NCLT) lists cases [Anuj Goyal Vs NCLT].The Court made the observation while dismissing a petition filed by a homebuyer seeking the early listing of an application filed by him before the Principal Bench of the NCLT to transfer a case pending before the Chandigarh NCLT. Justice Tejas Karia noted that the homebuyer had not challenged any order pas

Communication reportedly names security lapses, unscheduled interactions and the presence of unaccredited personnel at Salt Lake Stadium

Despite intensive treatment by a multidisciplinary medical team, Srinivasan was declared brain-dead on June 16

The Shiv Sena, led by deputy chief minister Eknath Shinde, said that six rebel Sena (UBT) MPs had signed a letter stating they had formed a separate group.

Government of India has announced the sale (re-issue) of Government Securities, as detailed below, through auction to be held on June 19, 2026 (Friday). As per the extant scheme of underwriting commitment notified on November 14, 2007, the amounts of Minimum Underwriting Commitment (MUC) and the minimum bidding commitment under Additional Competitive Underwriting (ACU) auction, applicable to each Primary Dealer (PD), are as under: (₹ crore) Security Notified Amount MUC amount per PD Minimu

The Governor was giving his first address to the State Assembly after the Tamilaga Vettri Kazhagam (TVK)-led coalition government headed by Chief Minister C. Joseph Vijay assumed office

Earlier on March 2, the CBT in a meeting chaired by the Union Labour Minister Mansukh Mandaviya had decided to fix 8.25% rate of interest for the financial year 2025-26, marking the third consecutive year this rate has been maintained

“They will be issued a show cause notice. Action will be taken as per party discipline,” Anil Desai said

The Committee noted that the percentage increase in the Department of Higher Education's budget estimates (BE) for 2025-26 vis-a-vis the BE for 2024-25 was lower than the previous year

The dealer has been directed not to sell any fertiliser during the suspension period

A monthly shortfall of ₹2,500 crore translates to an annual liquidity gap of about ₹30,000 crore, financed through a combination of short-term borrowings, delayed payments to power purchase counterparties, and deferred capital expenditure, says report

The BSE benchmark traded 108.95 points up at 77,264.57, and the Nifty quoted 44.25 points higher at 24,132.60

Rebellion crisis LIVE: Only 3 Shiv Sena (UBT) MPs attended the key meeting in New Delhi amid speculations of a split within the party. The Shiv Sena (UBT) is likely to issue show cause notices to all six MPs, HT has learnt.

With nearly 65% of its population below the age of 35, India possesses a demographic advantage unparalleled among major economies.

The NGT won't halt Telangana's Bharat Future City project, citing its early stage and assurance of compliance with environmental laws. Hearing adjourned to July 14.

Barclays economists note that it is unusual for the fastest-growing major economy in the world to also be the most unloved in investor portfolios

FDM Digital Solutions Private Limited, dba Fairdeal.Market, has raised $15 million from a Series A fundraise led by Bertelsmann India Investments (BII), with participation from WaterBridge Ventures and Incubate Asia Fund.JSA Advocates & Solicitors advised Fairdeal.Market on the transaction, providing end-to-end legal support in relation to the investment round.The transaction was led by Lalit Kumar (Partner) and Amandeep Singh Virk (Partner), with support from Associates Sameer Dahiya and Ra

In 2026, the Union Cabinet of the government of India introduced changes to Press Note 3 (2020 Series) (“Press Note 3”), pursuant to which the Department for Promotion of Industry and Internal Trade (“DPIIT”) released the Press Note 2 (2026 Series) (“Press Note 2”), marking a significant change in the regulatory framework governing Foreign Direct Investment (“FDI”) from countries sharing land borders with India. This amendment revisits Paragraph 3.1.1 of the Consolidated FDI Policy, 2020, which

The Second National Commission on Labour (“Commission”), which submitted its report in June 2002 had first recommended the consolidation of 29 central labour laws. The changing nature of employment relationships, rapid industrialization, growth of the service sector, increasing formalisation of the economy, and the need to improve the ease of doing business necessitated overhaul of the existing labour laws framework. Accordingly, the Commission recommended consolidation and rationalization of la

SpaceX’s $75 billion initial public offering (IPO) went through without the company naming a General Counsel in its filings.SpaceX disclosed legal fees and expenses of $25.5 million in connection with the offering. This translates to approximately ₹240.9 crore at present exchange rates.The figure is a combined amount for legal fees and expenses and does not disclose how much was paid to each law firm.The IPO involved the sale of 555.6 million shares of Class A common stock at $135 per share, rai

The Bar Association of India (BAI) has moved the Supreme Court seeking the creation of an Aadhaar-like national digital registry for lawyers, aimed at enabling real-time verification of advocates’ credentials and curbing the rise of fake legal practitioners [Bar Association of India & Anr. v Union of India & Ors.].The BAI's plea has proposed the establishment of a National Digital Registry for the Legal Profession of India (NDRLP), a centralised, technology-driven database assigning each

The Supreme Court on Wednesday refused to entertain a writ petition filed by an alleged cyber criminal accused of laundering investments, with Chief Justice of India (CJI) Surya Kant calling such fraudsters "parasites" who dupe innocent investors.A Bench of CJI Kant and Justice V Mohana was hearing a writ petition filed by one Manoj Kumar Singh against the State of Bihar and others, when it made the sharp observations before dismissing the petition at the threshold.CJI Surya Kant and Justice V M

The Calcutta High Court on Thursday declined to pass any interim order against West Bengal Legislative Assembly Speaker Rathindra Bose's decision to recognise MLA Ritabrata Banerjee, an expelled member of Trinamool Congress (TMC), as the Leader of Opposition (LoP) in the House.Justice Krishna Rao was dealing with a petition filed by senior Trinamool Congress leader Sobhandeb Chattopadhyay, who is aligned with party chairperson Mamata Banerjee.The decision comes at a time when the TMC is grapplin

On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on Friday, June 19, 2026, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 1,00,000 3 9:30 AM to 10:00 AM June 22, 2026 (Monday) 2. The operational guidelines for the auction will be same as given in Reserve Bank’s Press Release 2021-2022/1572 dated January 20, 2022. Ajit Prasad       &nb

The Reserve Bank of India (RBI) has, by an order dated June 12, 2026, imposed a monetary penalty of ₹2,10,000/- (Rupees Two Lakh Ten Thousand only) on The Nasik Road Deolali Vyapari Sahakari Bank Ltd., Nashik (the bank) for non-compliance with certain directions issued by RBI on ‘Loans and Advances to Directors, their Relatives, and Firms / Concerns in which they are Interested’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Sectio

The Reserve Bank of India (RBl) has, by an order dated June 15, 2026, imposed a monetary penalty of ₹20,000/- (Rupees Twenty Thousand only) on Wardha District Ashirwad Mahila Nagari Sahakari Bank Maryadit, Hinganghat, Maharashtra (the bank) for non-compliance with certain directions issued by RBI on ‘Exposure Norms & Statutory/ Other Restrictions – UCBs’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47A(1)(c) rea

The Reserve Bank of India (RBI) has, by an order dated June 15, 2026, imposed a monetary penalty of ₹1.50 lakh (Rupees One Lakh Fifty Thousand only) on The Chitradurga District Co-operative Central Bank Ltd., Chitradurga, Karnataka (the bank) for contravention of provisions of Section 20 read with Section 56 of the Banking Regulation Act, 1949 (BR Act) and non-compliance with certain directions issued by RBI on ‘Know Your Customer (KYC)’. This penalty has been imposed in exerci

The Reserve Bank of India (RBI) has, by an order dated June 16, 2026, imposed a monetary penalty of ₹10,000/- (Rupees Ten Thousand only) on Navapur Mercantile Co-operative Bank Ltd., Nandurbar, Maharashtra (the bank) for contravention of provisions of Section 35(2) read with Section 56 of the Banking Regulation Act, 1949 (BR Act). This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the BR Act.

The Reserve Bank of India (RBl) has, by an order dated May 29, 2026, imposed a monetary penalty of ₹20,000/- (Rupees Twenty thousand only) on Sarvodaya Commercial Co-operative Bank Ltd., Mehsana, Gujarat (the bank), for non-compliance with certain directions issued by RBI on ‘Inoperative Accounts / Unclaimed Deposits in Banks - Revised Instructions’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47A(1)(c) read with Sections

With 13 tonnes of gold reserves, Jonnagiri project in Anantapur district will soon enter the commercial production phase, says Excise Minister Kollu Ravindra

Indian Consul General pitches investment opportunities to Chinese business leaders in Shanghai

Speculation of a fresh rebellion within Shiv Sena (UBT) intensified after six Lok Sabha MPs skipped a crucial parliamentary party meeting in New Delhi. The party had issued a mandatory whip, and the absence of the MPs has fueled rumours of a possible switch to the Eknath Shinde-led Shiv Sena faction. Party leaders have warned of disciplinary and legal action, while Congress has accused the BJP of engineering defections for political gain. The political battle over the alleged “Operation Tiger” h

The PM is also launching a crop insurance scheme that will cover 1.10 crore farmers

The deadline for submission of filled applications is 5 p.m. on July 8

The price increase will vary depending on the model and variant

The 30-share BSE Sensex climbed 254.36 points, or 0.33%, to settle at 77,409.98; Nifty edged higher by 82.30 points, or 0.34% to end at 24,168

How much a state earns and spends affects everything from roads and schools to healthcare and welfare schemes. When expenditure rises faster than income, governments often rely on borrowing to bridge the gap.

In 2021, the Congress high command found itself grappling with an escalating feud between then Chief Minister Captain Amarinder Singh and state party chief Navjot Singh Sidhu. Five years later, the party appears to be following a similar roadmap.

NTA said extensive arrangements had been put in place to ensure a “safe, secure and fair examination”.

Speculation of division within Akhilesh Yadav's Samajwadi Party has emerged amid turmoil in other major opposition parties TMC and Shiv Sena-UBT.

Awadhesh Prasad's remarks came in response to Keshav Prasad Maurya's claim that several SP MPs were in touch with the BJP ahead of the 2027 UP Assembly polls.

Net income tax collection grows 14.64% between April 1 and June 17

India-UK trade pact leaves carbon tax concern unresolved; to be taken up later, say officials

Experts said robust compliance will be key as stakeholders seek finer details around rules of origin among others

Forecasts suggest expected revival of rains next week could remain uneven and intermittent initially, offering only limited respite from prevailing conditions

Overall crude imports by India rose to ‌5.27 million barrels per day, up 15.4% from April, the data ‌showed, ⁠with Russia the largest supplier

Operations at India’s busiest container port remained normal, but the movement of import containers from freight stations was disrupted in April and May due to a severe shortage of trailer drivers

Chaturvedi said ECCS is now operational at international courier terminals across nine major cities in India, enabling electronic processing, system-driven assessments and faster clearances

The investment will be used to deploy about 2,000 energy-efficient e-buses

Temperature has become a better predictor than rainfall of India’s farm sector-driven economic outcomes. And our heat problem worsens in El Niño years. As we enter a season of overlapping shocks, estimates for 2026-27 show the damage we can expect.

As Kerala’s new government presents its first Budget, this article argues that the state cannot compete through subsidies alone. Instead, Kerala must build a credible investment ecosystem based on regulatory certainty, labour flexibility, innovation, industry-academia collaboration, and quality of life […] The post Not another subsidy package — Kerala needs a blueprint for 2030 appeared first on Centre for Public Policy Research (CPPR).

The seven-member working group, will study AI’s impact, including potential challenges and risks, and assess implications for insurers, policyholders and the insurance ecosystem

“Given that AI voice and video spoofing is expected to escalate future risks, it is essential for individuals to conduct independent verification by contacting official police and bank helplines”

With optimism continuing that a tentative U.S.-Iran deal on their war will reopen the Strait of Hormuz at the end of the week and get the global flow of oil going again, the price for a barrel of Brent crude fell 5.4% to $78.66.

Power quality is becoming the new frontier for a modern, digital-first economy

Spotlight is a series where we shine the, well, spotlight on members of the legal fraternity who made the news over the past week.This past week, the spotlight was on Delhi High Court Justice Neena Bansal Krishna for more than a couple of reasons.In a judgment passed on May 29 but made available last week, Justice Krishna quashed an Enforcement Directorate (ED) case against NewsClick editor Prabir Purkayastha in connection with a foreign direct investment (FDI) case. The judgment was p

T-Bill 91-Day 182-Day 364-Day I. Total Face Value Notified ₹12,000 Crore ₹6,000 Crore ₹6,000 Crore II. Cut-off Price (₹) and Implicit Yield at Cut-Off Price 98.7055 (YTM: 5.2603%) 97.3305 (YTM: 5.5005%) 94.5422 (YTM: 5.7887%) III. Total Face Value Accepted ₹12,000 Crore ₹6,000 Crore ₹6,000 Crore Ajit Prasad           Deputy General Manager (Communications)     Press Release: 202

On a review of current and evolving liquidity conditions, it has been decided to conduct a Second Variable Rate Repo (VRR) auction on Wednesday, June 17, 2026, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 50,000 2 11:00 AM to 11:30 AM June 19, 2026 (Friday) 2. The operational guidelines for the auction will be same as given in Reserve Bank’s Press Release 2021-2022/1572 dated January 20, 2022. Ajit Prasad

Shiv Sena (UBT) has, however, dismissed the possibility of a split in its Lok Sabha ranks, with the party's Rajya Sabha MP Sanjay Raut claiming that all its MPs remain united.

Brent crude, the global oil benchmark, traded 0.49% lower at $78.44 per barrel

UP Minister Dinesh Pratap Singh, Rajbhar's collegue in cabinet, denied any knowledge of a split in the Samajwadi Party, adding that people naturally gravitate towards the BJP.

Uddhav loyalist MP Sanjay Raut on Tuesday alleged that Rs 15 crore was being paid individually to "buy MPs"

Since its formation by Bal Thackeray in 1966, internal strife and the exit of top leaders have been a recurring reality for the Shiv Sena

Shiv Sena (UBT) is on the verge of a split, days after 20 TMC parliamentarians defected and allied with the BJP-led National Democratic Alliance (NDA).

Speculation grows over a potential split in the Uddhav Thackeray-led Shiv Sena's Lok Sabha unit. Sanjay Raut claims some MPs are being offered ₹50 crore.

Shiv Sena UBT news LIVE: Amid rebellion crisis in Mamata's TMC, Uddhav Thackeray is also staring at a split in his Shiv Sena with buzz of six of nine MPs planning to form a breakaway group. Amid the split buzz, Uddhav backer Sanjay Raut said rebel MPs have been offered ₹50 crore.

Tamil Nadu's finance minister released a white paper, citing poor finances left by the DMK, but assured no new taxes while proposing administrative reforms.

India and Japan launched their Joint Crediting Mechanism to trade carbon credits, boosting climate action, investment, and low-carbon tech collaboration.

Gross FDI is at a record high. Retained FDI has collapsed to eight cents on the dollar. One bad month—March 2026—made the gap visible. Three official voices are now reading the same number three different ways.

Progress on peace in West Asia calls for a guarded welcome. Regardless of the outcome, however, we must still address the three Fs that India’s finance minister spoke of last month: fuel, fertilizer and foreign exchange. India must cover its bases.

The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to The Gauhati Co-operative Urban Bank Ltd., Guwahati vide Directive No.GWH.DOS.ADM.No.S233/01-10-101/2025-2026 dated December 17, 2025 for a period of six months up to close of business on June 17, 2026. The Reserve Bank of India is satisfied that in the public interest, it is necessary to further extend the period of operation of the Directive beyond close of business on June

(Amount in ₹ crore) Auction Results 91-Day 182-Day 364-Day I. Notified Amount 12,000 6,000 6,000 II. Competitive Bids Received       (i) Number 110 68 115 (ii) Amount 32,155.700 13,949.650 31,465.000 III. Cut-off price (₹)/Yield 98.7055 97.3305 94.5422 (YTM: 5.2603%) (YTM: 5.5005%) (YTM: 5.7887%) IV. Competitive Bids Accepted       (i) Number 59 28 3 (ii) Amount 11,400.000 5,700.000 5,700.000 V. Partial Allotment Percentage of Competitive Bids 9.5800 19.

Sanjay Raut, who earlier rejected speculations that his party MPs being in touch with Maharashtra Deputy Chief Minister and Shiv Sena leader Eknath Shinde, said on Tuesday, “If anyone wants to leave, they can do so by resigning…”

As per the directions interest rates on NRE/NRO deposits will not be higher than those offered by the bank on comparable domestic rupee term deposits

Before the conflict, international shipping through the Strait of Hormuz operated without tolls, service fees or any mandatory reporting to national authorities; while the U.S. says no tolls should be imposed, Iran says ships transiting the strait will have to pay a service fee and report to authorities

Bharat Electronics, Eternal, Tata Steel, Infosys, Titan and Bharti Airtel were also among the winners

Budget faces challenge of finding middle ground between re-aligning Kerala’s fiscal space for tackling concerns raised in White Paper on State finances and mobilising additional revenue for development and welfare, notably Indira Guarantees and ‘dream projects’

The drawdown since the start of the conflict has reached 163 million barrels in the Organisation for Economic Cooperation and Development (OECD) club of wealthy countries, the IEA said in its monthly report

The announcement was made jointly by the two governments after completing all domestic ratification and implementation procedures, setting the stage for a significant expansion in bilateral trade, investment and services exports.

A vacation bench granted liberty to the Centre to file their replies along with supporting documents and posted the matter for further hearing on June 18.

Sources in the Trinamool Congress said the party received an email from the Speaker's Office at around 5 pm on Wednesday.

Akhilesh Yadav's reaction came hours after OP Rajbhar alleged that Samajwadi MP Ram Gopal Yadav had sent a letter to union home minister Amit Shah with names.

Under the anti-defection law, at least six of the nine Shiv Sena (UBT) MPs would need to move together to form a separate group without being disqualified.

In a post on X, UP minister OP Rajbhar alleged that senior SP leader Ram Gopal Yadav had approached Centre amid mounting pressure over alleged corruption cases.

Shiv Sena (Shinde) leaders have claimed that six MPs from the rival Sena (UBT) may split and formally stake claim before Lok Sabha Speaker Om Birla.

DHL-backed cargo airline says fleet modernisation remains a live priority as parent commits Euro 250 million investment for India expansion

HUDCO to raise $1 billion from overseas markets

Animal spirits have remained muted across the private sector and without wider risk-taking in research, innovation and investment, India’s economy may not get far. Time is running out for the country to go down a different path—the workforce won't be young forever.

India’s latest statistical revisions constitute a useful upgrade of our economic data. Here's how a rejigged wholesale price index and the formulation of new indices promise to enrich our view of how prices move across the economy.

RBI’s record ₹2.87 lakh crore surplus transfer to the Centre shows its growing fiscal significance, as earnings from reserve management and foreign assets support govt. finances; the trend raises questions about central bank independence, fiscal centralisation, and exclusion of such transfers from fiscal devolution to States

The government on Monday hiked windfall gains tax on exports of diesel and aviation turbine fuel (ATF), while retaining the levy on petrol for the fortnight beginning June 16.

Former Assembly Secretaries and officials will train the MLAs on the Rules of Procedure of the Assembly and on the functioning of specific government departments. Speaker J.C.D. Prabhakar said 146 MLAs were first-time legislators and several of them were youngsters.

Mamata Banerjee faction claims that the invitation was sent at 2 p.m. on June 15 asking party General Secretary Abhishek Banerjee to meet the Speaker by 4 p.m. the same day, while he was being interrogated by the Enforcement Directorate in Kolkata

Compared to June 15, 2026 closing price of ₹388.35 per share on the BSE, the floor price is a discount of more than 9%

About $357 billion of market value was erased, and Microsoft’s stock suffered ​its biggest one-day decline ‌in nearly six years

The 30-share BSE Sensex climbed 272.87 points to 76,537.20 in early deals. The 50-share NSE Nifty went up by 69.15 points to 23,921.55

Tokyo’s benchmark Nikkei 225 index briefly topped 70,000 early Tuesday for the first time ever

The war exposed India’s over-dependence on West Asia, from where it sources about 50% of its crude oil, about 70% of LPG supplies and almost 90% of LNG imports.

India is heavily reliant on institutional arbitration since it is recognized as being akin to courts. But India still lacks a consistent process for institutions to be designated for this critical purpose. Here's why we need clarity.

If the Strait of Hormuz reopens, it would relieve the world economy. It would also take the warring sides back to square one. Both Iran and the US clearly need more to play the victor. Here’s a formula that may work.

The Rajasthan High Court recently ordered disciplinary inquiry against a tehsildar for failing to release a man from civil custody despite his suspension of sentence in a land encroachment case.A Division Bench of Justice Farjand Ali and Justice Sunil Beniwal also directed the officer to pay a compensation of ₹2 lakh to the detainee, who has since been released from custody. The Court said that the State shall not pay the amount in any manner.The inquiry has been ordered to find out whether tehs

Ankit Singal Advocates is looking hire Associate and Senior Associate in Delhi.Number of Positions & PQE:Associate (1-3 years) - TwoSenior Associate (4-5 years) - OneQualification: LL.B.Location: New DelhiJob DescriptionAnkit Singal Advocates is inviting applications from advocates skilled in drafting and court craft to join our Dispute Resolution team.Strong drafting and research skills with knowledge of Company, Insolvency and Commercial laws is a must.Experience of appearing bef

On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on Wednesday, June 17, 2026, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 50,000 2 9:30 AM to 10:00 AM June 19, 2026 (Friday) 2. The operational guidelines for the auction will be same as given in Reserve Bank's Press Release 2021-2022/1572 dated January 20, 2022. Ajit Prasad        &n

Today, the Reserve Bank released the data on performance of the private corporate business sector during the fourth quarter of 2025-26, drawn from abridged quarterly financial results of 3,266 listed non-government non-financial companies1. This summary position also includes comparable data for Q3:2025-26 and Q4:2024-25 to enable study of sequential (q-o-q) and annual (y-o-y) change (web-link: https://data.rbi.org.in/DBIE/#/dbie/reports/Statistics/Corporate%20Sector/Listed%20Non-Government%20No

Giving an account of how T.N.’s own tax revenue fared vis-à-vis 3 ‘peer States’ in last 5 years, the report says the SOTR-to-GSDP ratio declined from 5.93% to 5.45%, the ‘lowest in the State’s history and the steepest decline’ among the benchmarked States

After a consultative meeting with local police and revenue officials on alternative accommodation of identified outlets by the District Collector, these outlets will be shifted. Paperwork for the relocation has begun

On June 15, the KSRTC saw 13.29 lakh women passengers use its services, of which zero-fare tickets were issued to 7.83 lakh women. The KSRTC incurs a revenue loss of ₹2.20 crore on the first day following the launch of the scheme.

Of the 18 States that targeted revenue surplus, nine achieved the target, while Assam, Bihar, Chhattisgarh, Haryana, Himachal Pradesh, Karnataka, Maharashtra, Mizoram, and Telangana ended up being revenue deficit in 2024-25.

The report says the headline debt figure of ₹10 lakh crore in 2025-26 captures only the State’s direct borrowings through market loans, institutional debt, and public account liabilities; it does not capture the borrowings of the PSUs, statutory boards, and special purpose vehicles that the State guarantees or implicitly supports

Sanjiv Ranjan, IORA’s Secretary-General, said member states could benefit from Canada’s inclusion into the fold considering its expertise in varied maritime domains.

`Providing competitive, world-class tax treatment would significantly increase India’s attractiveness for these massive institutional investments’. (Australia’s pension system is valued at approximately $3.2 trillion)

Among the 30 Sensex firms, HCL Tech, Bajaj Finserv, NTPC, Hindustan Unilever, Tata Consultancy Services and Bajaj Finance were the biggest winners

The daughter of the victim alleged that her mother had been repeatedly visiting the bank to check whether the pension amount had been credited.

Bharat Innovates 2026 received around 4,000 applications from deep-tech startups linked to higher education and technical institutions across India.

The White Paper says Tamil Nadu's revenue deficit has reached a historic high of Rs 78,324 crore, while fiscal deficit stands at Rs 1.33 lakh crore.

The move comes as the total stock in lakes supplying water to Mumbai has depleted to a critical level of 10.35 per cent as of June 16, the BMC said in a circular on Tuesday.

The airline said while the passengers will be offered 15 kg checked baggage and 7 kg cabin baggage allowance, complimentary meals will not be included.

While Uddhav's Sena has nine MPs, at least two-thirds, or 6 MPs, are required to engineer the rift to avoid disqualification under the anti-defection law.

Japanese investment and technology can help fund projects in India that reduce or remove greenhouse gas emissions

Washington supplies 1.5 million tonnes of LNG to India, compared to a mere 0.1 mt by Qatar

Carrier may introduce pay-if-you-use model on select routes as it looks to expand ancillary revenues and sharpen fare segmentation

CAG K. Sanjay Murthy released the third edition of the Publication on State Finances 2024-25 on Tuesday

The US president's threats to take over the Danish territory of Greenland do not seem to have played out in his favour. The Scandinavian country’s standing remains high, as reflected in how credit worthy its state and private borrowers are deemed.

While our public debate has lately been dominated by concerns about India's external balance of payments, pertinent domestic issues demand attention too. Several trends in the economy can be explained by mass income stagnation and the behavioural response of households.

Under the statutory powers conferred upon it by Payment and Settlement Systems Act, 2007 (PSS Act), RBI had issued various directions for operation of a Payment System. Today, RBI has issued Master Directions on Authorisation to operate a Payment System which consolidates instructions issued through following circulars/ guidelines, and comes into effect immediately: Computation of Net-worth dated January 16, 2015. Guidelines for Voluntary Surrender of Certificate of Authorisation dated May 12, 2

On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on Tuesday, June 16, 2026, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 1,50,000 7 09:30 AM to 10:00 AM June 23, 2026 (Tuesday) 2. The operational guidelines for the auction will be same as given in Reserve Bank’s Press Release 2021-2022/1572 dated January 20, 2022. Ajit Prasad

The Reserve Bank of India (RBI) has, by an order dated June 11, 2026, imposed a monetary penalty of ₹5 lakh (Rupees Five Lakh only) on Mahila Co-operative Bank Ltd., Bangalore, Karnataka (the bank) for non-compliance with certain directions issued by RBI on ‘Loans and advances to directors, their relatives, and firms / concerns in which they are interested’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47A(1)(c) read with

As announced in the Statement on Developmental and Regulatory Policies dated February 6, 2026, the Reserve Bank had issued the draft Reserve Bank of India (Responsible Business Conduct) Amendment Directions, 2026 on February 11, 2026 for seeking feedback from stakeholders. The draft Amendment Directions proposed to have comprehensive instructions on advertising, marketing and sale of financial products and services (including third-party products and services) by banks and NBFCs, which included

In terms of GOI notification F.No.4(4)-B(W&M)/2020 dated April 13, 2020 (SGB 2020-21 Series-III-Issue date June 16, 2020) on Sovereign Gold Bond Scheme, premature redemption of Gold Bond may be permitted after fifth year from the date of issue of such Gold Bond on the date on which interest is payable. Accordingly, the next due date of premature redemption of the above tranche shall be on June 16, 2026. 2. Further, the redemption price of SGB shall be based on simple average of closing price

PD Thankappan Achary, the former secretary-general of the Lok Sabha, explicitly called the TMC rebels' ‘merger’ with the NCPI invalid. He explains why.

Lok Sabha MPs back merger with the regional party but Bengal MLAs say ‘no idea’ about such a step

Razorpay which is backed by investors such as Y Combinator, ‌Lightspeed and Singapore’s sovereign wealth fund GIC is targeting its stock market debut by 2026

NSE Nifty surged 231 points, or 0.98%, to end at 23,853.90, the Sensex jumped 736.38 points, or 0.97%, to settle at 76,264.33, rising for the second day

The government has released the new series of the Wholesale Price Index with an updated base year of 2022-23, along with new producer price indices in line with global best practices and IMF recommendations

The 30-share BSE Sensex jumped 1,112.70 points to 76,648.74 in early deals. The 50-share NSE Nifty surged 335.55 points to 23,956.40

Kharge asked why the RSS should remain exempt when citizens, labour organisations, NGOs, trusts, temples and companies are expected comply with the law.

Tamil Nadu-based dairy firm has got SEBI approval for a ₹2,035 crore IPO in October 2025 and it expires in October this year

Over 84 lt more fertilisers needed by Sept 30 to meet demand with current stocks at 197 lt

It will enable supplier discovery and qualification, strengthen collaboration across the supply chain, enhance export readiness and ensure secure hosting of industry data within India

RITES bets big on AI through Abhikalp innovation hub

They claim the decision was ‘arbitrary’ without consulting stakeholders and exporters, but APEDA sources say due process has been followed

Milma recorded a turnover of ₹4,344 crore in 2025-26

A Campco team met Uttar Pradesh Chief Minister Yogi Adityanath in Lucknow, and highlighted the difficulties being faced by cooperative organisations due to this

She highlighted RBI-backed measures to reduce hedging risks and boost inflows, while assuring preparedness to handle uncertainties such as monsoon and import pressures

His appointment comes at an opportune moment as India emerges as the fastest-growing major economy and an influential voice of the Global South, said a press release.

Budget with significant income tax relief - no tax up to Rs 12 lakh, new simplified regime with 8 slabs. Rs 11.21 lakh crore for infrastructure, support for MSMEs, and Makhana Board for Bihar. Focus on growth, investment, and consumption.

First full budget of NDA III government with focus on employment and skilling (Rs 2 lakh crore for 5 schemes), new income tax regime slabs, abolition of angel tax, and Rs 11.11 lakh crore capex allocation for infrastructure.

Scheme for traditional artisans and craftspeople working with their hands and tools, covering 18 trades including carpentry, blacksmithing, and pottery. Provides skill training, toolkit incentives, collateral-free credit up to Rs 3 lakh, and digital payment incentives.

Decriminalised 183 offences across 42 central Acts to promote ease of living and doing business. Replaced imprisonment with monetary penalties and compounding for minor regulatory non-compliance offences.

Incentive scheme across 14 key sectors including electronics, pharmaceuticals, automobiles, and textiles with total outlay of Rs 1.97 lakh crore. Aims to boost domestic manufacturing, create jobs, and reduce import dependence.

Micro-credit scheme providing affordable working capital loans (Rs 10,000 to Rs 50,000 in three tranches) to street vendors affected by COVID-19. Includes digital payment incentives and cashback rewards.

Rs 20 lakh crore (approximately 10% of GDP) comprehensive economic stimulus package announced during COVID-19 pandemic. Covered MSMEs, farmers, migrant workers, and structural reforms across agriculture, coal, defence, and space sectors.

Enables confiscation of assets and properties of economic offenders who flee India to avoid criminal prosecution. Applies to offences involving amounts of Rs 100 crore or more.

India's biggest indirect tax reform unifying over a dozen central and state taxes into a single nationwide tax. The 101st Constitutional Amendment and four GST Acts created a unified national market for goods and services.

India's most significant indirect tax reform, replacing 17 central and state taxes with a unified GST. Required constitutional amendment. Implemented through Central GST, State GST, and Integrated GST with a GST Council for cooperative federalism.

Overnight withdrawal of 86% of currency in circulation to combat black money, counterfeit currency, and terror financing. Led to rapid growth of digital payments and formalisation of the economy, though debated for its economic impact.

Government demonetised 86% of currency in circulation overnight, invalidating Rs 500 and Rs 1000 notes. Aimed at curbing black money, counterfeiting, and terror financing. Highly debated — accelerated digital payments adoption but caused significant economic disruption.

Unified insolvency resolution framework replacing multiple overlapping laws. Established NCLT as adjudicating authority with time-bound resolution (180+90 days) for corporate insolvency, improving India's ease of doing business.

Comprehensive insolvency resolution framework consolidating existing laws. Created NCLT/NCLAT for resolution, IBBI as regulator, and Insolvency Professionals. Set strict 180-day timeline for resolution. Transformed India's credit culture.

Facilitates bank loans between Rs 10 lakh and Rs 1 crore to at least one SC/ST borrower and one woman borrower per bank branch for setting up greenfield enterprises. Promotes entrepreneurship among underrepresented groups.

Crop insurance scheme with lowest-ever premium rates (2% for kharif, 1.5% for rabi) providing comprehensive risk cover for pre-sowing to post-harvest losses. Uses technology including satellite imagery and drones for rapid claim settlement.

Action plan to promote entrepreneurship with tax exemptions for three years, self-certification for compliance, simplified startup registration, and a Rs 10,000 crore Fund of Funds. Recognised over 1 lakh startups.

Provides micro-finance loans up to Rs 10 lakh to non-corporate, non-farm small/micro enterprises through three categories: Shishu (up to Rs 50,000), Kishore (up to Rs 5 lakh), and Tarun (up to Rs 10 lakh).

Raised FDI cap in insurance sector from 26% to 49%, strengthened IRDA's regulatory powers, and allowed Lloyd's of London to operate in India. Aimed to increase insurance penetration and capital inflows.

Flagship initiative to transform India into a global manufacturing hub across 25 sectors. Simplified regulatory environment, dedicated investor facilitation, and robust intellectual property regime to boost domestic and foreign investment.

World's largest financial inclusion programme providing universal access to banking services with zero-balance accounts, RuPay debit cards, and insurance cover. Over 50 crore accounts opened since launch.

Comprehensive overhaul of corporate governance law replacing the Companies Act 1956. Introduced mandatory CSR spending (2% of net profit), class action suits, one-person companies, and enhanced auditor accountability.

Comprehensive overhaul of corporate law replacing the Companies Act 1956. Introduced mandatory CSR spending (2% of net profits for qualifying companies), class action suits, one-person companies, and enhanced corporate governance norms.

Pioneered electronic transfer of government subsidies and benefits directly to beneficiary bank accounts using Aadhaar authentication. Aimed at reducing leakages, eliminating middlemen, and improving targeting of welfare schemes.

Launched to transfer subsidies directly to beneficiary bank accounts linked to Aadhaar, reducing leakages and middlemen. Initially covered LPG subsidy (PAHAL), scholarships, and MGNREGA wages. Later expanded massively under NDA government.

India's last Five Year Plan targeting 8% GDP growth with emphasis on health, education, and sustainable development. Introduced focus on governance improvements and the shift towards outcome-based monitoring.

Allowed 51% FDI in multi-brand retail and 100% in single-brand retail, subject to conditions including 30% local sourcing. Aimed to attract global retail chains and modernise India's retail infrastructure.

Waived loans of approximately 3.6 crore small and marginal farmers at a cost of Rs 71,680 crore. One of the largest farm debt waiver programmes in Indian history, covering both direct and indirect agricultural loans.

Planning Commission blueprint targeting 9% GDP growth with focus on inclusive development, education, health, and rural infrastructure. Emphasised bridging divides between rural-urban and rich-poor populations.

Established a framework for creation of Special Economic Zones to promote exports, attract FDI, and generate employment. Provided tax holidays and single-window clearance for SEZ developers and units.

Legislation to institutionalise fiscal discipline by setting targets for reducing fiscal deficit to 3% of GDP and eliminating revenue deficit. Established a framework for responsible fiscal management by the central government.

Established legal framework to prevent money laundering and provide for confiscation of property derived from laundered money. Created Financial Intelligence Unit (FIU-IND) and empowered Enforcement Directorate.

Established the Competition Commission of India (CCI) to prevent anti-competitive practices, regulate mergers and acquisitions, and promote competition in Indian markets. Replaced the MRTP Act.

Established SEBI as a statutory regulatory body to protect investor interests, regulate the securities market, and promote the development of the stock exchange. Key institution for India's capital market development.

Finance Minister Manmohan Singh introduced sweeping economic reforms dismantling the License Raj, opening India to foreign investment, reducing import tariffs, and initiating privatisation of state-owned enterprises. This fundamentally transformed India's economy from a closed, state-controlled model to a market-oriented one.