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

LTM has proposed a €160M cash deal to acquire Randstad’s Technology and Consulting Services business across France, Germany, Belgium, Luxembourg, and Australia, adding over $500M in annual revenue. Expected to close by Q3 FY2027, the acquisition expands LTM’s footprint in #Aviation & #Defence, #Automotive, Utilities, and BFS, while bringing local domain expertise in digital engineering, cybersecurity, and IoT via delivery centers in Romania and Portugal.

The deal includes a 5-year IT services agreement to drive AI-enabled transformation at Randstad’s India GCC and a strategic talent MSP to support LTM’s global workforce.
[Source]

Niti Aayog panel recommends 50 measures to overhaul India's R&D ecosystem, plagued by low funding (0.6-0.7% GDP), bureaucratic delays, and talent crunch. Grant success rates plummeted below 10% due to cumbersome clearances, skewed IIT funding (80% ANRF funds), and delayed fellowships.

To revive the sector, the panel proposes raising GERD to 2% of GDP in five years, decentralizing decisions, and offering tax incentives (5% GST slab for procurements, 125% CSR deductions). It also mandates a six-month grant processing deadline and increasing postdoctoral fellowships by 20% annually to retain talent. #Policy

🏦 RBI says domestic economy remained resilient in April 2026

👉🏻 Industrial & services sectors maintained strength across multiple segments
👉🏻 Summer sowing progressed well aided by above-normal pre-monsoon rainfall
👉🏻 Reservoir levels remained comfortable supporting agricultural activity
👉🏻 CPI inflation rose to 3.5% in April mainly due to food inflation
👉🏻 Core inflation remained steady during the month
👉🏻 Net FDI stayed positive for second consecutive month in March
👉🏻 FPI outflows continued in April-May but pace moderated
#Economy

Commerce Minister Piyush Goyal to visit Canada next week as both country aim to accelerate talks on the proposed FTA – Comprehensive Economic Partnership Agreement (CEPA)

#Trade

Stellantis unveils a major India strategy: a new global Jeep vehicle with Tata Motors, turning India into a low-cost engineering and export hub for over 50 countries. #Automobile #MakeInindia
[Source]

#Geopolitics #Economy #MustWatch

https://www.youtube.com/watch?v=2kQfGZnW_IE

🇲🇲 Myanmar President Min Aung Hlaing to visit India next Month. This will be his First Foreign Visit since assuming Office.

He was also the Head of the Junta Army who led a Coup against the former Elected Government in 2021.

#IndianSubcontinent #Geopolitics