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 Supreme Court has directed the preparation and implementation of a time-bound eviction plan to address encroachments within the protected areas of the Agasthyamalai ecological landscape in Tamil Nadu, also ordering action against government servants involved.
Bihar Chief Minister Samrat Choudhary criticised the RJD regarding the allotment of government bungalows, referencing the dispute over Rabri Devi's residence.
The Maharashtra government has formally acquired the iconic Air India building in south Mumbai for Rs 1,601 crore, completing the transfer of agreements from Air India Assets Holding Company to the state Public Works Department.
The West Bengal government has mandated the singing of 'Vande Mataram' at assembly prayers in all madrassas with immediate effect. This decision follows a similar directive for all schools in the state and aims to bring uniformity in assembly practices across institutions.
In a shocking case, a candidate who appeared for a Kerala PSC examination and secured a place in the rank list received his appointment order only after 18 years. By then, however, he had already crossed the retirement age.
Tamil Nadu Chief Minister C Joseph Vijay expanded his Cabinet, inducting 23 more legislators as ministers, including two from the Congress party, marking their return to governance in the state after nearly 60 years.
Former Bihar chief minister Rabri Devi has refused to vacate a government bungalow in Patna, daring the current CM to evict her by force. The dispute arose after the bungalow was allotted to another minister.
The Indian government has issued a stern warning to industrial users who are reportedly procuring cheaper retail fuel instead of industrial-grade fuel, leading to significant losses for state-run oil marketing companies (OMCs) and potential local shortages. This diversion, driven by a substantial price difference between retail and bulk diesel, is adversely impacting OMCs, which are absorbing daily losses of approximately 550 crore to keep retail prices stable.
Kerala Chief Minister V D Satheesan on Thursday hit out at the previous Left Democratic Front government, claiming that it had left behind huge liabilities, including Kerala Infrastructure Investment Fund Board borrowings, amounting to Rs 5.07 lakh crore.
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A special CBI court in Thane acquitted a former central government employee accused of accepting a bribe, citing insufficient proof of demand despite the recovery of currency notes.
The DMK criticised its former allies, VCK and IUML, for joining the TVK government, leading to a heated exchange and prompting DMK chief M K Stalin to call for restraint.
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.
'PM Modi is trying to reduce the volume of fuel consumed instead of raising prices sharply.'
"Rather than worrying, preparation is required. Contingency plans will be made for affected districts and crop changes will be considered wherever necessary"
West Bengal minister Agnimitra Paul announced the BJP government's commitment to women's empowerment and the continuation of welfare schemes. The 'Annapurna Bhandar' scheme will be accessible through an online portal, ensuring ease of application for all women in Bengal. Chief Minister Suvendu Adhikari has directed officials to implement the scheme and free bus travel for women, while also assuring that existing social welfare schemes will continue.
The government is considering using the Indian Air Force to transport NEET-UG papers to ensure a secure retest on June 21, following allegations of malpractices in the original exam.
The Delhi High Court has directed the Centre and the censor board to review a PIL raising concerns about the Ranveer Singh-starrer 'Dhurandhar: The Revenge,' which allegedly reveals sensitive information about India's intelligence and defence operations.
The West Bengal government has directed all state-run and aided schools to mandatorily include the singing of Vande Mataram during morning assemblies with immediate effect.
CPI-M state secretary P Shanmugam said that the party will reconsider its support to the TVK government if it accommodates the rebel faction of the AIADMK in the Cabinet.
VCK chief Thol Thirumavalan announced that his party has decided to join the TVK-led cabinet in Tamil Nadu, with Vanni Arasu nominated for induction. The decision follows an invitation from TVK and reflects VCK's long-standing philosophy of sharing power.
The Delhi Gymkhana Club, a historic landmark in Lutyens' Delhi, is facing eviction as the government seeks to reclaim its land for defence infrastructure, raising concerns about the future of this elite institution.
The BJP team under the new national president Nitin Nabin, who took charge in January, is expected to be announced within this month, with sources suggesting that some holding positions in the government may move to the party.
V D Satheesan was sworn in as Kerala's Chief Minister, with Governor Rajendra Vishwanath Arlekar administering the oath of office. The swearing-in ceremony was attended by prominent political figures, including Congress leaders and Chief Ministers of Congress-ruled states.
The West Bengal government has transferred 142.79 acres of land to the Border Security Force (BSF) to facilitate the construction of outposts and barbed-wire fencing along the India-Bangladesh border, according to Chief Minister Suvendu Adhikari.
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 Centre has informed the Supreme Court that 217 Indian nationals reportedly joined the Russian armed forces, with 49 fatalities amid the Russia-Ukraine war, and efforts are underway to repatriate those who were misled.
The Delhi government has advised private companies and organisations to adopt a two-day work-from-home policy, make changes to office timings, and urge employees to avail car pooling and public transport to support the fuel-saving efforts amid global uncertainties.
Private hospitals accounted for 30.8 per cent of current health expenditure in FY23, while pharmaceuticals and medical goods contributed more than 21 per cent, underlining continued dependence on private healthcare and medicine spending.
The Union government has informed the Bombay High Court that Agniveers are not "similarly situated" as regular soldiers and hence, cannot claim parity in pensionary benefits for their next of kin in the event of death in action.
The Confederation of Indian Industry (CII) has urged the Indian government to gradually restore the Rs 10-per-litre cut in special additional excise duty on petrol and diesel over six to nine months. This move aims to relieve pressure on government finances as crude oil prices stabilise, without significantly impacting consumer sentiment.
The Congress party has alleged that Instagram blocked a post by Rahul Gandhi featuring actor-politician Vijay due to government interference, a claim denied by the Ministry of Electronics and Information Technology (MeitY).
The Congress party has accused the government of using women's reservation as a pretext to push through delimitation, arguing that the women's quota law should be implemented immediately based on the current Lok Sabha strength.
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.
Himanta Biswa Sarma has been elected as the leader of the BJP-led NDA in the Assam assembly, paving the way for his second consecutive term as chief minister. The NDA secured a two-thirds majority in the recent assembly polls, with the BJP winning 82 seats and its allies AGP and BPF securing 10 seats each.
The Indian government has refuted claims of fuel shortages, asserting that the country possesses approximately 60 days of fuel stock cover and that all petrol pumps are adequately stocked and operating normally.
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Madhya Pradesh Chief Minister Mohan Yadav has announced that the state government will seek a CBI probe into the death of Twisha Sharma, a former model and actor, who was found hanging at her matrimonial residence. Her family alleges dowry harassment and fears crucial forensic evidence may be lost due to delays in securing a second autopsy and proper body preservation.
'Policy consistency combined with timely and calibrated reforms are expected to ensure that India not only maintains macroeconomic stability, but also emerges as a globally competitive and inclusive economy.'
