RBI to pay ₹2.87 lk Cr dividend to Union Govt #Economy

#UPI will be operational in Cyprus by next Year : MEA

#ForeignAffairs

India has opposed the UK’s plan to limit tariff-free steel imports from July 2026, telling the WTO the move could erode benefits from the India-UK trade deal. Imports beyond quotas may face a 50% duty.

India fears reduced competitiveness for its $893.4M steel exports to the UK in 2025-26. Both nations continue talks to resolve the dispute and advance the trade pact. #Exports #ForeignAffairs #Trade

New Notam has been issued for an Indian Airforce Exercise at the Northern Borders.

Date: 3 - 5 June

Short Range Ballistic Missile Agni-1 was successfully test-launched from the Integrated Test Range at Chandipur, Odisha on May 22, 2026. Launch validated all operational and technical parameters. The test was carried out under the aegis of the Strategic Forces Command: Statement

#Defense

RBI's gold reserves at 25 year high! #Economy #NWO

Malaysia PM Anwar Ibrahim speaks to Tamil Nadu Chief Minister Vijay; Tells him that he will travel to Delhi and then to Tamil Nadu in Sept to attend the BRICS summit. #ForiegnAffairs

HM Amit Shah hints at Major Focus Shift from Naxals to Border Infiltration

Now the time has come to stop the infiltration program that has been going on for years without any restrictions... Many retired police officers told me not to undertake the Naxal-free campaign... They said the same to the Prime Minister, too. But the Indian government remained steadfast... A five-decade-old problem is now ending, and India has become Naxal-free... Now the BSF should proceed with the same determination to combat infiltration... The Prime Minister has launched the High Power Demography Mission, which will be announced in a few days... The High Power Demography Mission will also make identified points available to BSF and Border Security Force personnel.

#NationalSecurity

#Opinion
As energy prices spike, India should let the rupee fall instead of spending reserves or subsidizing fuel. Higher prices will naturally cut imports and force energy conservation.

Let the rupee drop: Falling rates raise import costs, curbing spending.

Stop subsidies: Capping fuel prices costs 0.6% of GDP, mostly aiding high-energy consumers.

Protect reserves: India's $700bn forex reserves remain safe if the RBI stops propping up the rupee.

Cons:
Import-dependent: sectors face soaring costs, hurting manufacturing and jobs.

Pain for the middle/lower-middle class: Food costs hit low-income households hardest; the author suggests targeted cash transfers.
#Economy