The Reserve Bank of India (RBI) reported a significant 52 per cent year-on-year increase in gains from foreign exchange transactions, reaching 1.69 trillion in FY26. This surge occurred despite the central bank selling a gross $195 billion in the spot market to manage rupee volatility, which saw a 9.85 per cent depreciation.
The Reserve Bank of India (RBI) and the central government have introduced a package of measures, including tax exemptions for FPIs on government securities and a concessional foreign-exchange swap facility, aiming to attract up to $50 billion in foreign capital. This initiative is designed to strengthen India's balance of payments and potentially cover the projected BoP gap for FY27.
The government has refuted rumours of a monetisation scheme for gold held by temple trusts and religious institutions, clarifying that such claims are false and misleading.
Leading Indian jewellery bodies, including the All India Gem & Jewellery Domestic Council (GJC) and Malabar Gold & Diamonds, have expressed support for Prime Minister Narendra Modi's appeal to reduce gold imports and are advocating for enhancements to the Gold Monetisation Scheme (GMS) to unlock India's vast idle gold reserves.
The World Bank has increased India's economic growth projection for FY27 to 6.6 per cent, citing resilient domestic demand, while simultaneously cutting its global economic growth outlook due to the conflict in West Asia.
Hashmatullah Shahidi will lead Afghanistan in the upcoming Test and ODI tour of India, while IPL star Allah Ghazanfar earns a call-up after his impressive season with Mumbai Indians.
Indian states significantly increased their reliance on market borrowings to finance gross fiscal deficits in 2025-26, with the share of market borrowings rising to 76.3 per cent, even as the weighted average cut-off yield on State Government Securities (SGS) and spreads over central government securities also increased.
Shops and markets in Pakistan-occupied Kashmir remained closed following a protest call by the Joint Awami Action Committee (JAAC), amidst reports of over 20 deaths in recent police action. The JAAC, now outlawed, is demanding subsidised flour and electricity, and the abolition of "refugee seats." Authorities have offered a reward for the arrest of JAAC leaders, while the PoK "Prime Minister" has called for negotiations.
India has no plans to ration fuel supplies despite ongoing disruptions in global energy markets, according to a top oil ministry official. The country has maintained adequate inventories of crude products and LPG while diversifying imports to manage supply risks.
Following through announcements with enforcement of measures is key, as a run through recent Indian economic history shows, points out A K Bhattacharya.
The Reserve Bank of India (RBI) has announced a record surplus transfer of Rs 2.87 trillion to the central government for FY26, driven by increased income and an expanded balance sheet, despite a reduction in the contingent risk buffer (CRB) to 6.5 per cent.
The INDIA bloc meeting saw discussions about the emerging youth-led Cockroach Janata Party (CJP), with leaders holding divergent views on its intent and significance. While some expressed concerns about its political motives, many saw it as a healthy sign of youth dissent against the system, prompting calls for engagement and attention to the issues raised.
India registered their biggest-ever innings win in Test cricket, dominating Afghanistan in the one-off game, with debutant left-arm spinner Manav Suthar impressing with a seven-wicket match haul.
The Reserve Bank of India (RBI) is anticipated to make its highest-ever dividend payment to the government this year, providing a significant fiscal boost to address challenges, including those stemming from the ongoing Middle East crisis.
India's economy registered a robust 7.7 per cent growth in the fiscal year 2025-26, an increase from 7.1 per cent in the previous year, with the January-March quarter alone seeing a 7.8 per cent expansion.
India's forex reserves dropped by $9.8 billion to $686.81 billion in the week to January 2, the Reserve Bank of India (RBI) said on Friday.
The primary objective of introduction of polymer notes was to increase its life and not to combat counterfeiting.
Mumbai's civic-run KEM Hospital has initiated a two-member committee probe into controversial remarks made by MBBS student Sejal Pawar regarding male cadavers during a stand-up comedy show, which the hospital dean deemed 'unacceptable'.
'What exactly is on the prime minister's mind, we do not know. But it feels like the government wants the country to be prepared for unseen challenges ahead.'
Delhi Police has intensified security across the city, especially at Indira Gandhi International (IGI) Airport and border points, in anticipation of a protest called by the digital outfit Cockroach Janta Party (CJP). Over 1,000 personnel have been deployed, and senior officers have reviewed arrangements to maintain law and order and ensure public safety.
A police constable in Himachal Pradesh was allegedly assaulted in a road rage incident in Paonta, Sirmaur district. The accused, identified as Farman from Saharanpur, has been arrested, and a case registered under the BNS. The incident has sparked political criticism regarding the state's law and order situation.
Four years after leaving Roland Garros in a wheelchair with seven broken bones in his foot and two years after suffering the agony of being beaten in the Paris final by Carlos Alcaraz, Zverev finally claimed the trophy that had long eluded him.
The pale-coloured hog deer is believed to be affected by albinism, a rare genetic condition characterised by the absence or reduction of melanin pigment in the skin, fur, and eyes.
A Delhi court is set to pronounce its verdict on Thursday in the murder case of Intelligence Bureau officer Ankit Sharma, who was killed during the 2020 northeast Delhi riots. Former AAP councillor Tahir Hussain and 10 others are accused in the sensational case.
An adult tiger with a radio collar was found dead in the Rani Durgavati Tiger Reserve in Madhya Pradesh, India, prompting concerns about the safety and management of the reserve. The death, attributed to a territorial fight, has led to allegations of negligence and calls for investigation.
Insights from behavioural economics suggest that an ambitious nudge can be effective if three conditions are met, points out Ram Singh Insights from behavioural economics suggest that an ambitious nudge can be effective if three conditions are met, points out Ram Singh, director, Delhi School of Economics.
A Bhopal court has remanded Samarth Singh, husband of deceased model-actor Twisha Sharma, in CBI custody. The CBI is investigating the circumstances surrounding Sharma's death, which occurred at her marital home. The Madhya Pradesh High Court has reserved its judgment on pleas seeking cancellation of anticipatory bail for Samarth Singh's mother.
The first thing cardholders should do after spotting a suspicious charge is block the card.
Jai Inder Kaur, BJP leader and daughter of former Punjab chief minister Amarinder Singh, met newly appointed state BJP chief Kewal Singh Dhillon to congratulate him on his appointment. The meeting is significant given Amarinder Singh's earlier concerns about Dhillon's appointment.
Fuel prices have risen by about Rs 7.5 per litre since May 15, as global crude oil prices surged due to the ongoing conflict in West Asia and supply concerns around the Strait of Hormuz.
Foreign Portfolio Investors (FPIs) have withdrawn nearly Rs 43,000 crore from Indian equities in the first week of June, contributing to a total outflow of Rs 2.67 lakh crore in 2026, driven by a global shift towards technology and AI-linked opportunities and persistent rupee depreciation.
The Reserve Bank of India (RBI) has removed the prior approval requirement for non-bank entities to form tie-up arrangements for facilitating outward remittance services through banks in India, aiming to streamline the process and enhance efficiency.
The NTA has also confirmed that the upcoming re-examination, scheduled for June 21, 2026, will be conducted entirely free of cost for all previously registered candidates, funded fully through the agency's internal reserves.
A government school teacher in Jhalawar, Rajasthan, was arrested for allegedly securing his job 12 years ago using a fraudulent disability certificate. The arrest is part of a special campaign by the SOG to identify individuals who obtained government jobs through forged documents. An investigation revealed the teacher, Bane Singh, claimed 42% disability but had only 6%, while another accused, Yogesh Kumar, had no disability despite claiming 42% hearing impairment.
India fast bowler Gurnoor Brar has emerged as one of the country's promising pace prospects after a steady rise through college cricket and domestic performances, earning a call-up to the national setup ahead of India A's upcoming tour.
The new Index of Industrial Production (IIP) series, which shifts the base year from 2011-12 to 2022-23 and is scheduled for release on June 1, will, for the first time, track rare earths and minor minerals, piped natural gas (PNG), and water supply, sewerage and waste management.
India have rested Jasprit Bumrah and Hardik Pandya from the Ireland and England tours as selectors prioritise the pacer's role in the World Test Championship and Pandya's importance to India's ODI World Cup plans.
While opening new accounts, banks can check if the name appears in any mule data. In case it does, the bank can conduct enhanced due diligence.
Swami Avimukteshwaranand Saraswati has stated his willingness to undergo a narco analysis test to help establish the truth in the sexual abuse case registered against him under the POCSO Act. He maintains his innocence and alleges the case is an attempt to defame him.
UPI transactions in India reached record highs in May, driven by summer travel and the IPL, with transaction value hitting Rs 29.90 lakh crore and volume reaching 23.2 billion.
