India's remittance inflows have remained robust despite the West Asia conflict, driven by precautionary transfers and diversification of remittance sources, with bankers expecting continued stability for the year.
US President Donald Trump has lauded India as an 'essential partner' and 'trusted ally' in addressing regional challenges, particularly its 'big role' in West Asia peace efforts, following discussions with Prime Minister Narendra Modi at the G7 Summit.
Indian oil-marketing companies (OMCs) have incurred LPG underrecoveries of approximately Rs 22,000 crore between March and May 2026, as domestic cooking gas prices failed to keep pace with surging international rates exacerbated by the West Asia crisis, according to a Crisil report.
A trader in Siliguri, West Bengal, has lodged a police complaint against Trinamool Congress MP Abhishek Banerjee for alleged provocative remarks made during the recent Assembly polls, targeting Union Home Minister Amit Shah.
West Bengal CID officials visited the state Assembly as part of their ongoing investigation into the alleged forgery of MLAs' signatures for the appointment of the leader of opposition, seeking a crucial party resolution document.
The Trinamool Congress (TMC) is grappling with a severe internal crisis, evident as rival factions occupied separate sections of the opposition benches during the West Bengal assembly's budget session. This public display of disunity follows the party's defeat in the 2026 assembly elections and ongoing legal challenges over leadership.
The West Bengal government has restored general consent for the Central Bureau of Investigation (CBI) to investigate cases involving central government employees and public sector undertakings within the state. This decision reverses a 2018 move by the previous Trinamool Congress government to withdraw such consent, allowing the CBI to operate more freely in these specific matters.
A recently finalised peace deal between the US and Iran, set to be signed on June 19, is expected to significantly benefit India's economy by boosting exports to West Asia, stabilising the rupee, and easing inflationary pressures, according to exporters and experts.
India defeated West Indies by 26 runs in their first Women's T20 World Cup warm-up match. Bharti Fulmali's unbeaten 56 and strong bowling performances from Shreyanka Patil and Radha Yadav secured the victory, despite a batting collapse by the West Indies.
A former deputy mukhiya was allegedly shot dead at his residence in Jharkhand's West Singhbhum district, police said on Monday.
The West Bengal CID has taken over the investigation into alleged inflammatory statements made by TMC national general secretary Abhishek Banerjee during the assembly election campaign. An FIR was registered against Banerjee based on a complaint alleging provocative comments on post-poll violence and vote counting, with links to Union Home Minister Amit Shah. The CID will now examine all evidence and proceed with the investigation.
West Bengal Chief Minister Suvendu Adhikari announced that the state government will introduce a new recruitment policy in the next Budget session to address irregularities and scams that occurred during the previous Trinamool Congress government.
Crude oil prices reached a new record high in futures trade, both domestically and internationally, as escalating military tensions between the US and Iran in West Asia continue to fuel market volatility. Diplomatic efforts concerning the Strait of Hormuz are being closely watched for potential price stabilisation.
The Shiv Sena (UBT) has demanded the imposition of president's rule in West Bengal, citing alleged attacks on Trinamool Congress MPs and accusing the BJP government of sponsoring violence and undermining democracy.
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.
A Trinamool Congress panchayat chief was found dead inside his house in West Bengal's North 24 Parganas district. Police are investigating the circumstances surrounding his death, which comes after residents accused him of corruption.
Trinamool Congress MP Deepak Adhikari, also known as Dev, has urged West Bengal Chief Minister Suvendu Adhikari to expedite the long-pending Ghatal Master Plan, a crucial flood-management project for his constituency. Dev received assurances that the project, aimed at mitigating annual floods in the low-lying Ghatal area, would be taken forward, with hopes for budget allocation by the BJP government.
A 21-year-old man was arrested in West Bengal's Malda district for possession of illegal firearms and ammunition. Police are investigating the source of the weapons and potential links to interstate gangs.
West Bengal Chief Minister Suvendu Adhikari announced that the first phase of fund transfers under the 'Annapurna Yojana' will begin on June 3, with eligible women beneficiaries receiving Rs 3,000 directly in their bank accounts.
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.
BJP IT cell head Amit Malviya shared a video purportedly showing a TMC leader hiding from an angry crowd over alleged 'cut-money' extortion in West Bengal. The incident highlights growing public anger and demands for the return of money taken from beneficiaries of government schemes, with the TMC leadership denying involvement.
A 28-year-old tourist from West Bengal drowned after a boat capsized in Massanjore Dam, Dumka district, Jharkhand. The tourist and four others took a local fisherman's boat without permission and ventured into a danger zone.
Analysts predict that developments in West Asia, their impact on crude oil prices, and the trading activity of foreign institutional investors (FIIs) will be crucial factors influencing the Indian stock market this week.
West Bengal's BJP government, led by Chief Minister Suvendu Adhikari, has announced a probe into the expenditure of the Bengal Global Business Summit (BGBS) organised during the previous TMC regime. Adhikari alleged that an event management firm was paid Rs 635 crore for various editions of the summit, promising strict action against those found responsible for financial irregularities.
West Bengal Chief Minister Suvendu Adhikari held his first 'janata darbar' after assuming office, hearing people's demands and grievances at a BJP office in Kolkata.
A man in Jharkhand's West Singhbhum district has been arrested for allegedly beating his six-year-old daughter to death with a stick. The incident occurred in Kheria Tangar village, and the police are investigating the motive.
Indian benchmark indices, Sensex and Nifty, closed almost flat in choppy trade as investors remained cautious due to ongoing uncertainty in West Asia, relentless foreign fund outflows, and anticipation of the RBI's monetary policy decision.
The West Bengal government has transferred approximately 32 acres of land to the Border Security Force (BSF) for fencing along the India-Bangladesh border, a process that had been pending for several years. The state cabinet also approved proposals for additional land transfers for permanent border outposts and further fencing work in various districts.
Chief Minister Suvendu Adhikari stated that West Bengal has gained infamy due to recruitment scams during the previous government and that there is a need to improve the state's image.
The West Bengal government will resume the rural employment scheme under the Viksit Bharat-Guarantee for Rozgar and Ajeevika Mission (Grameen) Act in all districts of the state, barring Murshidabad and South 24 Parganas, where allegations of irregularities in its implementation are being investigated.
The West Bengal government has appointed Rajdeep Majumder as the state's new additional advocate general, while N G Khaitan will take over as the advocate on record, original side, at the Calcutta High Court.
The Reserve Bank of India (RBI) has kept its key lending rate, the repo rate, unchanged at 5.25 per cent for the second consecutive time, citing concerns over rising energy prices, supply disruptions from the West Asia crisis, and potential inflationary pressures.
Mumbai police have arrested three men wanted in connection with a firing and crude bomb blast incident in West Bengal's Howrah district earlier this month.
Moody's Ratings has highlighted that Indian banks are among the most exposed in the Asia-Pacific region to the West Asia crisis, primarily due to India's high dependence on energy imports, which could lead to increased inflation, higher interest rates, and strained borrower cash flows.
Reliance Industries Ltd (RIL) has expressed caution regarding 'extreme volatility' risks stemming from the West Asian conflict, which could impact global oil demand and the company's margins, while also noting that near-term retail consumption demand may remain sensitive to macro conditions. Chairman Mukesh Ambani, in the annual report, remained silent on the timeline for Jio Platforms' anticipated public listing, stating the group will 'continue to evaluate strategic pathways'.
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.
West Bengal Chief Minister Suvendu Adhikari has announced a new border security initiative, including land transfer to the BSF and a 'detect, delete and deport' policy targeting infiltrators.
Newly elected West Bengal legislators, including Chief Minister Sivendu Adhikari, were sworn into the Assembly on Wednesday. Pro tem Speaker Tapas Roy administered the oath to the new members.
West Bengal BJP president Samik Bhattacharya advocated a new land policy to facilitate large-scale industrialisation and assured investors of a 'fearless' environment in the state.
Union Finance Minister Nirmala Sitharaman has warned that the ongoing West Asia crisis is not merely a geopolitical issue but will directly lead to higher fuel costs for common people and businesses, impacting shipping, input availability, and export orders.
