Monthly gold imports have declined to 25-30 tonnes from 70-80 tonnes while recycling of old jewellery has increased following the recent hike in import duties.
India's crude oil imports from Russia reached a record high of approximately 2.73 million barrels per day (mbpd) in June, driven by discounts of $2-5 a barrel. This surge comes as the West Asia crisis disrupted supplies from traditional sources and China reduced its own purchases, leading Russia to offer more favourable terms to India.
India's Goods and Services Tax (GST) collections saw a significant 14 per cent increase in June, reaching approximately Rs 1.95 lakh crore. This surge was primarily driven by a substantial 34.6 per cent growth in tax mop-up from imports, alongside a 6.5 per cent rise in domestic supplies, reflecting the country's economic resilience despite global uncertainties.
India significantly increased its crude oil imports from Russia and the United Arab Emirates in June, securing supplies as the Strait of Hormuz began to reopen, with Russian barrels remaining attractive due to discounts and UAE supplies offsetting earlier uncertainties.
As India awaits Vaibhav Sooryavanshi's senior debut, experts urge cricket to remember the 15-year-old is still a child, highlighting the challenges of balancing extraordinary talent, growing fame and emotional well-being.
A court in Mumbai sentenced a customs clearing agent to two years' imprisonment in four cases of import duty evasion, while acquitting three others due to flawed investigation by the CBI.
The US Trade Representative has proposed an additional 12.5 per cent duty on goods from 54 countries, including India, citing their failure to prohibit the import of goods produced with forced labour. India has denied the allegations and called for the matter to be resolved through bilateral trade negotiations.
Reserve Bank Governor Sanjay Malhotra announced that India's foreign exchange reserves stand at a healthy $682.3 billion as of May 29, 2026, providing approximately 11 months of import cover and strong protection against external shocks.
How India overcame umpteen odds to reintroduce the cheetah on its territory after the handsome cat became extinct in the country decades earlier.
If you are feeling depressed, just watch this 15 year old on your TV! Your blues will fly away, exclaims Colonel Anil A Athale (retd).
India has capped gold imports under the Advance Authorisation scheme at 100 kg, a day after significantly increasing import duties on precious metals. This move aims to tighten conditions for duty-free gold imports by jewellery exporters and curb non-essential imports amidst a ballooning import bill.
The Indian government has increased import duties on gold and silver from 6 per cent to 15 per cent to curb inbound shipments of precious metals amid a rising import bill due to the West Asia crisis.
The gems and jewellery industry anticipates challenging times following the government's decision to increase gold import duty to 15 per cent, a move that exporters warn could fuel the grey market and heighten smuggling risks.
Police in Nanded, Maharashtra, seized nearly 5,000 'import quality' sharp-edged weapons from an abandoned godown, suspecting their potential use in organised crime.
State-run Oil and Natural Gas Corporation (ONGC) has approved the development of a 1.75 million tonnes (mt) strategic petroleum reserve (SPR) in Mangaluru, a project deemed of national importance, with plans for broad commercial utilisation.
The International Olympic Committee (IOC) has provisionally lifted the suspension of the Russian Olympic Committee, easing restrictions on Russian athletes. This move, welcomed by the Kremlin, allows Olympic sports bodies to consider reintegrating Russian athletes as neutrals, though some sports like track and field are not following suit.
Healthy muscles do much more than enable movement. They are essential for maintaining metabolism, regulating blood sugar levels and supporting overall health.
The Horticulture Department conducts a site visit at the Bamboo development project at Thingthelh.
The government has withdrawn most provisions of the emergency natural gas supply regulation order imposed during the West Asia conflict after liquefied natural gas (LNG) shipments through the Strait of Hormuz resumed following a ceasefire.
If we really want to curb the further depreciation of the rupee and make the rupee appreciate, we want to come out of the mindset that the exchange rate is merely a number, bring policy corrections to help reduce the outflow of foreign exchange by imposing suitable tariffs to discourage imports and bring self reliance, discipline FPIs, and correcting rules governing royalty outflows, suggests Dr Ashwani Mahajan, National Co-Convenor, Swadeshi Jagaran Manch.
Prime Minister Narendra Modi and Indonesian President Prabowo Subianto have significantly advanced the India-Indonesia Comprehensive Strategic Partnership, securing crucial agreements on defence, critical minerals, and maritime security, including BrahMos missile supply and Sabang port development.
A Monaco-based fuel technology company, FOWE Eco Solutions, claims its patented Cavitech fuel emulsion technology can help India reduce fuel consumption, emissions, and improve equipment performance by using water in a fuel-oil-water emulsion.
India all-rounder Deepti Sharma emphasised the importance of the first hour on day two of the one-off women's Test against England, aiming for early wickets to pressure the hosts. India posted 285 in their first innings, with half-centuries from Smriti Mandhana, Harmanpreet Kaur, and Deepti herself, before taking an early England wicket. Sharma also discussed the variable pitch conditions, which she expects to continue assisting bowlers.
India's head coach Gautam Gambhir has attributed the team's poor performance in the ongoing UK T20 tour to a transitional 'reset', a lack of game awareness, and failure to correctly read conditions, following their heaviest-ever T20I defeat.
'Historically, India has depended on the Middle Eastern Gulf for nearly 90 per cent of its LPG imports. Shifting to alternative suppliers is not something that can happen quickly.'
Honda Motorcycle & Scooter India (HMSI) plans to create over 3,800 jobs and expand its annual two-wheeler production capacity to 80 lakh units by 2028, reinforcing India's role as a global manufacturing and export hub for Honda.
Pakistan's Test team head coach Sarfaraz Ahmed has acknowledged ongoing fitness issues within the squad, despite a recent training camp. A new conditioning camp is planned to address these concerns before the team's crucial tours to the Caribbean and England. New Test captain Babar Azam is focused on improving fitness and discipline for better performance in red-ball cricket.
'Buy on dips, buy on dips and sell on rise.'
Not a single retail outlet ran dry. Every household that wanted a cylinder got one. India faced neither a 1991 moment nor a 2013 one. Macroeconomic stability held. This was not an accident, and it was not luck alone. It was the work of a government that chose to act as it had during the pandemic -- deliberately and gradually, building one measure upon another rather than reaching for a single dramatic lever, explains V Anantha Nageswaran, chief economic advisor to the Government of India.
Hollywood luminaries Tom Holland and Christopher Nolan have landed in Mumbai for the unprecedented India premiere of their highly anticipated film, The Odyssey.
Don't rush to remember all the difficult formulas that rarely come up in the exam, advises six-time CAT topper and MBA expert Patrick D'Souza.
The Bombay High Court strongly criticised the Brihanmumbai Municipal Corporation (BMC) for its failure to secure open manholes, questioning why it acts only after fatalities occur. The court dismissed BMC's progress reports as an "eyewash" following the death of Aslam Shaikh, who fell into an open manhole. Despite BMC's assurances and actions like suspending officials and offering compensation, the court emphasised the need for preventive measures before the monsoon season.
The Environment Ministry has designated the Natural History Museum (NHM) in Mizoram as India's 21st designated repository, significantly enhancing the country's biodiversity conservation and scientific infrastructure, particularly within the Indo-Burma Biodiversity Hotspot.
Vaibhav Sooryavanshi is yet to make his India T20I debut despite all the hype and former India keeper Parthiv Patel reckons he will get his opportunity sometime in the ongoing series against England.
India and Australia have signed significant agreements covering civil nuclear energy, maritime security, and critical minerals, reinforcing their partnership's role in ensuring a peaceful Indo-Pacific. The pacts facilitate uranium supply from Australia to India and enhance cooperation in defence, cyber, and critical technologies.
Manipur Chief Minister Y Khemchand Singh inaugurated the 19th Governor's Taekwondo Cup in Imphal. He highlighted the tournament's long history since 1980 and the All-Manipur Taekwondo Association's success in producing over 40 international players. Singh emphasised taekwondo's role in instilling discipline, respect, and self-confidence, promoting respectful competition.
Gujarat Titans pacer Prasidh Krishna discusses the importance of bowlers developing variations to combat the dominance of batters in the high-scoring environment of T20 cricket, emphasising the need for adaptability and skill execution.
Selected students who have cleared class 10 will receive a one-time scholarship benefit of up to Rs 30,000, (depending on the fee structure).
The International Monetary Fund (IMF) has reduced India's growth forecast for FY27 to 6.4 per cent, citing the potential impact of higher energy prices offsetting the country's economic resilience. Despite this, India remains among the fastest-growing major economies.
Selected students will receive a grant of up to Rs 12,000 to cover their academic expenses.
