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Weekly News Platter |
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6 Jun, 2026, 05:15PM IST, PTI |
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Hello Reader,
In case you had a busy week, these are the top stories you need to get caught up to speed...
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 E85 fuel to sell at Rs 20/litre discount to drive ethanol adoption |
| India is turning a new leaf in energy efficiency by rolling out E85 fuel, an environmentally friendly ethanol blend consisting of 85% ethanol, with a significant discount of Rs 20 per litre. This initiative is designed to not just lower fuel prices, but also to lessen India's dependence on imported fuels. Read more |
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 RBI MPC highlights: Top decisions announced by Governor Sanjay Malhotra & Co |
| RBI Monetary Policy Meeting Highlights: Reserve Bank Governor Sanjay Malhotra announced the Monetary Policy Committee's (MPC) decision, with repo rate remaining unchanged at 5.25%. At its previous policy review in April, the RBI had kept rates unchanged, choosing to closely monitor the evolving geopolitical situation and its potential impact on energy prices, inflation and economic activity. Read more |
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 Oil India reports natural gas presence in second Andaman offshore well |
| Oil India Limited has found natural gas in its third exploratory well in the Andaman offshore block. This is the second well in the block to confirm hydrocarbon presence. The discovery is a positive indicator for future exploration in the area. OIL is currently processing seismic data for further appraisal well drilling. Read more |
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 India's FY26 growth accelerates to 7.7%, March quarter reports sequentially lower figure |
| India GDP Data Key Insights Q4 FY26: India's economic growth saw a slight dip to 7.8 percent in the fourth quarter of fiscal year 2026. The Reserve Bank of India has now lowered its growth projection for fiscal year 2027 to 6.6 percent. This adjustment comes amid increasing global uncertainties. The central bank anticipates varied growth rates across the four quarters of fiscal year 2027. Read more |
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 Sealed windows, locked basement among lapses found in Delhi guest house fire probe |
| A devastating fire at a Malviya Nagar guest house claimed 21 lives. Investigations reveal critical safety failures, including sealed windows and a locked basement. Most victims succumbed to smoke inhalation, not burns. Many foreign nationals, some on medical visas, were staying at the guest house. The building lacked proper ventilation and emergency exits, trapping occupants and hindering rescue efforts. Read more |
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 India to surpass China in share of global GDP by 2060: Report |
| India is set to overtake China in global economic power by 2060. A new report indicates China's GDP share will decline in the latter half of this century. India's population growth and economic expansion are key factors. This shift signals a multipolar world order for the 21st century. The global economic landscape is undergoing significant transformation. Read more |
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 India considers spending curbs to protect fiscal deficit target |
| India's government is reviewing potential budget spending cuts. Higher oil prices are increasing subsidy costs and threatening fiscal goals. Officials are looking at trimming allocations in areas like water resources and loans to states. Capital expenditure and defense spending are unlikely to be reduced. Read more |
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 K Annamalai quits BJP as party accepts resignation |
| K Annamalai has resigned from the BJP's primary membership, ending weeks of speculation. The former Tamil Nadu president's departure follows strategic differences with the central leadership. Annamalai is now expected to embark on an independent political journey, potentially launching a new party in the state. Read more |
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 Cockroach Janta Party begins protest at Jantar Mantar |
| The Cockroach Janta Party (CJP) protested at Jantar Mantar demanding Union Education Minister Dharmendra Pradhan's resignation over the NEET 2026 paper leak and CBSE's On-Screen Marking system irregularities. CJP founder Abhijeet Dipke led the demonstration, which received permission from Delhi Police. The protest highlights ongoing concerns about competitive examination integrity. Read more |
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 RBI denies report of $12 billion gold sale, says holdings unchanged |
| The Reserve Bank of India has refuted claims of selling gold reserves. Reports suggested a sale of approximately $12 billion in gold. The RBI stated its physical gold stock remains unchanged at 880.52 tonnes. These reports are inaccurate, according to the central bank. The RBI's stance clarifies its position on its gold holdings. Read more |
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 Govt weighs tax cuts to boost foreign bond inflows: Report |
| India is set to boost foreign investment soon. The government plans to cut taxes on global funds investing in Indian bonds. Ownership limits on certain bonds may also be removed. These measures aim to attract more capital. The Reserve Bank of India is expected to allow unlimited access to some long-term government bonds for overseas investors. Read more |
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 Cabinet approves Rs 10,000 crore for ATF price stabilization fund |
| The Union Cabinet has approved a Rs 10,000 crore Aviation Turbine Fuel Price Stabilisation Fund. This fund aims to protect airlines and passengers from the sharp rise in ATF prices. The ongoing West Asia crisis has significantly impacted aviation fuel costs. This initiative will help manage the financial strain on the sector. Read more |
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 India set for $2-billion drone order in biggest buy, industry body says |
| India is poised to significantly boost its drone capabilities with a potential order exceeding $2 billion from domestic manufacturers this year. This substantial procurement, driven by global and regional conflicts, aims to equip the military with advanced tactical drones within 18-24 months. The move underscores India's commitment to bolstering its defence sector and leveraging indigenous technology for enhanced operational readiness. Read more |
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