Prime Minister Narendra Modi has strongly refuted a media report suggesting the government is considering levying a tax, cess, or surcharge on foreign travel, calling the news "totally false".
Prime Minister Modi has urged citizens to adopt measures like judicious fuel use, postponing gold purchases, and deferring foreign travel to strengthen India's economy in the face of the West Asia conflict's adverse impact.
Indrani Mukerjea, accused in the Sheena Bora murder case, has filed a plea in a Mumbai court seeking permission to travel abroad while out on bail. The court has partly heard her arguments, following a Supreme Court directive to decide on her application within four weeks.
Prime Minister Narendra Modi has urged for restraint in the use of petro products due to the West Asia crisis, emphasising the need to save foreign exchange and reduce the impact of war. He also highlighted India's progress in solar power and ethanol blending, while assuring support to Telangana's development.
The PM's overseas visits in 2025 picked up sharply after May, particularly following Operation Sindoor.
Overseas travel spending by Indians, including holiday trips, decreased by $212.43 million to $1.09 billion in March compared to February, according to the Reserve Bank of India's latest data.
Prime Minister Narendra Modi's week-long ongoing tour of France and Slovakia is his 100th foreign trip since he assumed the high office 12 years ago.
India's foreign exchange reserves increased by USD 938 million to USD 682.321 billion during the week ended May 28, according to the Reserve Bank of India, following a previous week's drop.
A special court in Mumbai has denied Indrani Mukerjea, an accused in the Sheena Bora murder case, permission to travel to Spain and the United Kingdom, citing concerns about her being a flight risk and the trial nearing its conclusion.
As temperatures soar, booking queries have surged by double digits -- going up to 125 per cent -- for destinations like Kashmir, Shillong, Gangtok, Munnar, Leh, Rishikesh, Guwahati, Imphal, Kodaikanal and the Andamans.
India's foreign exchange reserves saw a significant drop of USD 7.511 billion, settling at USD 681.384 billion for the week ending May 22, as the Reserve Bank of India intervened in the forex market due to rupee pressure and the lingering effects of the Middle East conflict.
India's foreign exchange reserves saw a significant drop of USD 8.094 billion, settling at USD 688.894 billion for the week ending May 15, as the Reserve Bank of India intervened in the forex market and global events like the Middle East conflict impacted the rupee.
Indian stock markets experienced a significant sell-off, with the Sensex tumbling over 1,300 points, driven by escalating crude oil prices due to US-Iran tensions and Prime Minister Narendra Modi's call for austerity measures, which amplified investor concerns about India's economic outlook.
Congress leader Rahul Gandhi has criticised Prime Minister Narendra Modi's call for citizens to make economic sacrifices in response to the West Asia conflict, calling it 'evidence of failure'. Gandhi accused Modi of shifting responsibility onto the public and being incapable of running the country.
Bangladesh summoned India's Deputy High Commissioner to convey "deep disappointment" after Dr. Zahed Ur Rahman, an adviser to the Prime Minister, was stopped and questioned by immigration authorities at Delhi's Indira Gandhi International Airport. The incident led to Rahman's decision to return home despite being cleared to proceed.
US Special Envoy Steve Witkoff and Iranian Foreign Minister Abbas Araghchi are reportedly heading to Switzerland for a new round of US-Iran negotiations, following a recently announced memorandum of understanding to end hostilities in West Asia and a ceasefire between Israel and Hezbollah.
The Delhi high court has ordered social media companies and online service providers to remove 'false' information circulating online about Indian judges and Union ministers allegedly participating in a badminton tournament in London at taxpayers' expense. The court deemed the content malicious and a systematic misinformation campaign aimed at undermining the judiciary and executive.
'Every year we import approximately $70 billion worth of gold -- closer to $72 billion in 2025-2026, an all-time record.' 'There is no parallel for this anywhere in the world. And this love for gold will not disappear overnight.'
No income tax relief, but compliance burden eased for youth and middle class through lower TCS.
Following through announcements with enforcement of measures is key, as a run through recent Indian economic history shows, points out A K Bhattacharya.
Police in Bihar's East Champaran district have arrested a Swiss woman and a Myanmarese boy for illegally entering India from Nepal without valid travel documents. Legal action is underway, though their identities remain undisclosed.
Punjab Police have dismantled a gangster module operated by foreign-based individuals, arresting four suspects and seizing illegal firearms. The operation averted potential serious crimes in the region.
Prime Minister Narendra Modi has appealed to citizens to adopt austerity measures, including avoiding destination weddings abroad and reducing edible oil consumption, to mitigate the impact of the West Asia crisis on India's economy.
A video depicting a foreign woman tourist being harassed in Manali has gone viral, leading to police action and an official inquiry. The incident, captured on CCTV, has raised concerns among locals and tourism stakeholders about Himachal Pradesh's image as a safe destination.
India and Nepal have launched a peer-to-peer (P2P) cross-border remittance mechanism, linking India's UPI with Nepal's NPI. This system allows real-time money transfers via mobile banking, enhancing convenience for travellers and businesses, fostering financial inclusion, and strengthening economic ties between the two nations.
National Security Adviser Ajit Doval held "constructive" talks with Chinese Foreign Minister Wang Yi in New Delhi, focusing on the normalisation of bilateral ties. The discussions reviewed recent developments and progress towards rebuilding trust after the eastern Ladakh border standoff. Both sides have implemented measures, including disengagement pacts and high-level meetings, to improve relations.
The primary objective should be to figure out a way to grow at 7 to 7.5 per cent with inflation around 4 per cent. Any policy that can help us get there must be experimented with. Those that work should stay. Those that do not should go, suggests Karan Bhasin.
Iranian President Masoud Pezeshkian is on a state visit to Pakistan to discuss the full implementation of an agreement signed between Iran and the US, alongside regional and international developments. The visit also aims to strengthen bilateral cooperation across various sectors, following recent high-level talks between the US and Iran in Switzerland regarding regional security.
US President Donald Trump announced a finalised peace deal between the US and Iran, set for signing on June 19 in Switzerland, with key figures like J D Vance, Steve Witkoff, and Jared Kushner from the US side, and Abbas Araghchi and Mohammad Bagher Ghalibaf representing Iran, alongside Pakistani mediators Field Marshal Asim Munir, Shehbaz Sharif, Ishaq Dar, and Mohsin Naqvi, playing crucial roles in the diplomatic breakthrough.
Pakistan's top table tennis players are dismayed after the national federation asked them to arrange their own funds for participating in the upcoming Asian Games in Japan, citing a lack of grants from the Pakistan Sports Board.
A downsizing in the prime minister's convoy was implemented in his recent domestic visits, official sources said.
'OMCs are incurring losses of Rs 1,000 crore per day due to the West Asia crisis.'
Rising study-abroad costs are prompting families to use education loans strategically while preserving savings, liquidity and long-term financial stability, says Yogesh Rawat
Punjab Police, in coordination with central agencies, arrested two men in Amritsar, Davinder Singh and Rajwinder Singh, recovering two hand grenades. The accused were in direct contact with foreign-based handlers and were planning terror-related activities, with connections to an individual already in Amritsar Jail.
Why would a country that requires close to $90 billion in net foreign capital annually to create jobs, build productive capacity, and sustain rapid growth permit $30 billion of capital to flow abroad, thereby contributing to pressure on the rupee? asks Debashis Basu.
'PM Modi is trying to reduce the volume of fuel consumed instead of raising prices sharply.'
Immigrants' contribution to the US economy is disproportionate to their share of the population, meaning that losing them would shrink the economy even more than losing a random group of Americans, points out Sree Sreenivasan.
Punjab Police's State Special Operations Cell (SSOC) in Mohali has arrested two individuals linked to a foreign-based terror operative and recovered a fully assembled RDX-based Improvised Explosive Device (IED), thwarting a major terror conspiracy.
It took years and years to bump into a green banana and learn how to eat it.
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.
